Hang The Bankers http://www.hangthebankers.com Fri, 31 Jul 2015 17:40:01 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.3 Israel behind JP Morgan cyber attack, 83 million customers data stolen http://www.hangthebankers.com/israel-jp-morgan-hack-customer-data-stolen/ http://www.hangthebankers.com/israel-jp-morgan-hack-customer-data-stolen/#comments Fri, 31 Jul 2015 17:40:01 +0000 http://www.hangthebankers.com/?p=25710
U.S. and Israeli authorities arrested four people in Israel and Florida on Tuesday in connection with several fraud schemes tied to last summer’s massive data breach at JPMorgan Chase & Co, according to news reports.

The hacking of JPMorgan’s computers compromised information in 83 million household and small business accounts, making it one of the largest such breaches in history.

Federal prosecutors in New York confirmed the four arrests but did not mention the breach, and charging documents unsealed on Tuesday did not refer to the hack. Bloomberg was the first news outlet to report the connection.

The New York Times reported that federal authorities had identified some of the JPMorgan hackers because the attack was relatively unsophisticated but authorities were unable to collect enough evidence to charge anyone with the breach itself.

Israel flag

Investigators then turned to other activities in which the hackers were involved, leading to the charges unsealed on Tuesday, the Times reported.

In one indictment, U.S. authorities accused three men of engaging in a stock manipulation scheme involving U.S. penny stocks.

Gery Shalon, 31, and Ziv Orenstein, 40, are Israeli nationals who were arrested on Tuesday at their homes in Israel, U.S. prosecutors said. Joshua Samuel Aaron, 31, is a U.S. citizen who resides in Moscow and Tel Aviv and remains at large, authorities said.

When initially asked about Tuesday’s case, an Israeli police spokesman referred to three arrests made last week in a separate, unrelated cybercrime case pursued by U.S. investigators.

An Israeli police spokeswoman subsequently confirmed Tuesday’s arrests but did not comment on any possible tie to the JPMorgan breach. She said the Federal Bureau of Investigation had asked that Shalon and Orenstein be held to begin extradition proceedings and also requested permission to interrogate them in Israel.

The two men are expected in court on Wednesday.

Prosecutors in New York announced charges against two Florida men, Anthony Murgio, 31, and Yuri Lebedev, 37, for operating an unlicensed money exchange using the digital currency bitcoin.

The two men were also arrested on Tuesday in Florida and were expected to appear in federal court there later in the day.


A spokesman for Manhattan U.S. Attorney Preet Bharara, whose office brought the charges, did not respond to requests for comment. A JPMorgan spokeswoman declined to comment on the arrests.

According to the indictment, Shalon, Aaron and Orenstein worked with two unnamed stock promoters, one from New Jersey and one from Florida, to run a “pump-and-dump” scheme. The defendants would acquire shares in thinly traded companies, send millions of spam emails inducing investors to buy the stocks in order to drive up the price, and then sell off their holdings.

The U.S. Securities and Exchange Commission filed a parallel civil action against Shalon, Aaron and Orenstein.

Murgio and Lebedev were accused of operating Coin.mx, a bitcoin exchange that was used to facilitate criminal activity including cyberattacks. Between October 2013 and January 2015, the site processed at least $1.8 million for tens of thousands of customers, authorities said.

The JPMorgan attack initially prompted speculation that Russian hackers were involved, but U.S. investigators ruled out Moscow early in the case.

The criminal complaints against Lebedev and Murgio include a brief mention of Russia, alleging the two men sought to provide money laundering services to Russian criminals.


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Being pulled over by the police could cost you your life http://www.hangthebankers.com/police-encounter-could-cost-you-your-life/ http://www.hangthebankers.com/police-encounter-could-cost-you-your-life/#comments Fri, 31 Jul 2015 14:16:49 +0000 http://www.hangthebankers.com/?p=25707
Trying to predict the outcome of any encounter with the police is a bit like playing Russian roulette: most of the time you will emerge relatively unscathed, although decidedly poorer and less secure about your rights, but there’s always the chance that an encounter will turn deadly.

The odds weren’t in Walter L. Scott’s favor. Reportedly pulled over for a broken taillight, Scott—unarmed—ran away from the police officer, who pursued and shot him from behind, first with a Taser, then with a gun. Scott was struck five times, “three times in the back, once in the upper buttocks and once in the ear — with at least one bullet entering his heart.”

Samuel Dubose, also unarmed, was pulled over for a missing front license plate. He was reportedly shot in the head after a brief struggle in which his car began rolling forward.

Police stop shooting gun

Levar Jones was stopped for a seatbelt offense, just as he was getting out of his car to enter a convenience store. Directed to show his license, Jones leaned into his car to get his wallet, only to be shot four times by the “fearful” officer. Jones was also unarmed.

Bobby Canipe was pulled over for having an expired registration. When the 70-year-old reached into the back of his truck for his walking cane, the officer fired several shots at him, hitting him once in the abdomen.

Dontrell Stevens was stopped “for not bicycling properly.” Four seconds later, the sheriff’s deputy shot Stephens four times as he pulled a black object from his waistband. The object was his cell phone. Stephens was unarmed.

If there is any lesson to be learned from these “routine” traffic stops, it is that drivers should beware.

At a time when police can do no wrong—at least in the eyes of the courts, police unions and politicians dependent on their votes—and a “fear” for officer safety is used to justify all manner of police misconduct, “we the people” are at a severe disadvantage.

According to the Justice Department, the most common reason for a citizen to come into contact with the police is being a driver in a traffic stop. On average, one in 10 Americans gets pulled over by police.

Yet as Sandra Bland learned the hard way, the reason for a traffic stop no longer matters. Bland, who was pulled over for allegedly failing to use her turn signal, was arrested after refusing to comply with the police officer’s order to extinguish her cigarette and exit her vehicle. Three days later, Bland was found dead in her jail cell.

What Bland didn’t understand was that police officers have been given free range to pull anyone over for a variety of reasons, from windows that are too heavily tinted, driving too fast, driving too slow, failing to maintain speed and following too closely to improper lane changes, distracted driving, screeching a car’s tires, and leaving a parked car door open for too long.

Motorists can also be stopped by police for driving a certain make of car (Mercedes, Grand Prix and Hummers are among the most ticketed vehicles) and having anything dangling from the rearview mirror (air fresheners, handicap parking permits, troll transponders or rosaries).

Incredibly, a federal appeals court actually ruled unanimously in 2014 that acne scars and driving with a stiff upright posture are reasonable grounds for being pulled over. More recently, the Fifth Circuit Court of Appeals ruled that driving a vehicle that has a couple air fresheners, rosaries and pro-police bumper stickers at 2 MPH over the speed limit is suspicious, meriting a traffic stop.

Unfortunately for drivers, not only have traffic stops become potentially deadly encounters, they have also turned into a profitable form of highway robbery for the police departments involved. As The Washington Post reports, “traffic stops for minor infractions such as speeding or equipment violations are increasingly used as a pretext for officers to seize cash from drivers.” Since 2001, police have seized $2.5 billion from people who were not charged with a crime and without a warrant being issued.

If you’re starting to feel somewhat overwhelmed, intimidated and fearful for your life and your property, you should be. Never before have “we the people” been so seemingly defenseless in the face of police misconduct, lacking advocates in the courts and in the legislatures.

From the moment those lights start flashing and that siren goes off, we’re all in the same boat: we must pull over. However, it’s what happens after you’ve been pulled over that’s critical. Survival is the key.

Technically, you have the right to remain silent (beyond the basic requirement to identify yourself and show your registration). You have the right to refuse to have your vehicle searched. You have the right to film your interaction with police. You have the right to ask to leave. You also have the right to resist an unlawful order such as a police officer directing you to extinguish your cigarette, put away your phone or stop recording them.

However, there is a price for asserting one’s rights.

So if you don’t want to get probed, poked, pinched, tasered, tackled, searched, seized, stripped, manhandled, arrested, shot, or killed, don’t say, do or even suggest anything that even hints of noncompliance when it comes to interactions with police.

Comply or die” has become the new maxim for the American police state.

Then again, not even compliance is a guarantee of safety anymore. As I point out in my book Battlefield America: The War on the American People, “we the people” are at the mercy of law enforcement officers who have almost absolute discretion to decide who is a threat, what constitutes resistance, and how harshly they can deal with the citizens they were appointed to “serve and protect.”

Sad, isn’t it, how quickly we have gone from a nation of laws—where the least among us had just as much right to be treated with dignity and respect as the next person (in principle, at least)—to a nation of law enforcers (revenue collectors with weapons) who treat us all like suspects and criminals?

Clearly, the language of freedom is no longer the common tongue spoken by the citizenry and their government. With the government having shifted into a language of force, “we the people” have been reduced to suspects in a surveillance state, criminals in a police state, and enemy combatants in a military empire.


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What happens 1 hour after drinking a can of coke http://www.hangthebankers.com/what-happens-after-drinking-a-can-of-coke/ http://www.hangthebankers.com/what-happens-after-drinking-a-can-of-coke/#comments Fri, 31 Jul 2015 03:36:35 +0000 http://www.hangthebankers.com/?p=25703
You’ll never want to drink a can of coke again!

Something that I noticed when working as a pharmacist was why people would still gain weight even though they were following a strict low fat diet recommended to them by their doctor.

This made me question whether it is really the ‘fat’ that causes us to gain unhealthy weight.

After seeing so many people suffering from obesity related diseases like heart disease, diabetes and the side effects of the medication they were taking, I was strongly motivated to research what actually causes people to become obese, it clearly was not just the fat they were eating!

Coke coca cola 1 hour soda

I actually discovered that a trigger factor for many widespread diseases of the west such as obesity, heart disease and diabetes could be closely linked to the consumption of one particular substance found in many processed foods and drinks – fructose in the form of high fructose corn syrup.

Fructose is the form of high fructose corn syrup is found in pretty much all processed foods such as ready meals, fast foods, sweets and fizzy drinks and most people are totally unaware of its danger.

It is also often found in ‘low fat’ supposedly healthy alternatives and even many popular weight loss products because food with the fat taken out simply tastes horrible. High fructose corn syrup in combination with many other additives are usually added to enhance the flavor.

Glucose is the type of sugar our body loves. It gets metabolized by every cell in our body and is very easy to burn with very few toxic by-products. It also tells the brain to stop eating when you are full.

Fructose on the other hand is another type of sugar and is found in sucrose which breaks down to glucose and fructose.

Fructose is actually only metabolized by the liver and it’s very similar to ethanol (the alcohol in drinks).  When you consume it, it’s actually like ethanol but without the high. It confuses the liver and ends up making lots of bad fats in the process.  It also doesn’t signal your brain that you are full.  This is why people can drink massive cups of fizzy drinks which are high in fructose and still eat huge meals containing refined foods that are also full of fructose.

Many fruits also contain fructose, but nature has provided the antidote, as these fruits are also packed with fibre which prevents your body from absorbing too much of it.

When I advised people to reduce their consumption of high fructose corn syrup by eating lower carb/higher protein diets free from processed foods, even if they say they are healthy options, they started to lose weight and feel much better as a result.

In many cases I asked people to just stop their consumption of fizzy drinks like Coca Cola  and instead swap it with either plain water, or add some freshly squeezed lemon for flavor.

Green tea is also a great alternative, and it is one of my personal favorites because it contains alpha wave stimulating theanine that also double serves as an antidote to the harmful effects of caffeine.

Those who loved to drink tea and coffee sweetened with lots of sugar, I advised to swap with natural sweeteners like stevia instead. This alone had some remarkable results.

There are 1.6 billion servings of Coke sold each day worldwide!! A very significant percentage of that is through supermarket chains like WALMART.

So you can imagine how unpopular I became in WALMART’s head office in the UK with my information strongly advising people to stop drinking fizzy drinks like Coke!

I recently came across a great article by Wade Meredith that explains very well what happens when you drink just 1 can of Coca Cola and this applies to pretty much most caffeinated soft drinks, not just Coke!

When somebody drinks a can of Coke or any similar sugary caffeine drink, watch what happens…

  1. In The First 10 minutes: 10 teaspoons of sugar hit your system. (100% of your recommended daily intake.) You don’t immediately vomit from the overwhelming sweetness because phosphoric acid cuts the flavor allowing you to keep it down.
  2. 20 minutes: Your blood sugar spikes, causing an insulin burst. Your liver responds to this by turning any sugar it can get its hands on into fat. (There’s plenty of that at this particular moment)
  3. 40 minutes: Caffeine absorption is complete. Your pupils dilate, your blood pressure rises, as a response your livers dumps more sugar into your bloodstream. The adenosine receptors in your brain are now blocked preventing drowsiness.
  4. 45 minutes: Your body ups your dopamine production stimulating the pleasure centers of your brain. This is physically the same way heroin works, by the way.
  5. >60 minutes: The phosphoric acid binds calcium, magnesium and zinc in your lower intestine, providing a further boost in metabolism. This is compounded by high doses of sugar and artificial sweeteners also increasing the urinary excretion of calcium.
  6. >60 Minutes: The caffeine’s diuretic properties come into play. (It makes you have to pee.) It is now assured that you’ll evacuate the bonded calcium, magnesium and zinc that was headed to your bones as well as sodium, electrolyte and water.
  7. >60 minutes: As the rave inside of you dies down you’ll start to have a sugar crash. You may become irritable and/or sluggish. You’ve also now, literally, pissed away all the water that was in the Coke. But not before infusing it with valuable nutrients your body could have used for things like even having the ability to hydrate your system or build strong bones and teeth.

Coke is not just high in high fructose corn syrup, but it is also packed with refined salts and caffeine. Regular consumption of these ingredients in the high quantities you find in Coke and other processed foods and drinks, can lead to higher blood pressure, heart disease, diabetes and obesity.

However a small amount now and then wont do any major harm. The key is moderation!

We should all know by now the health risks associated with soda due to its highly acid forming recipe of sugar, carbonated water and additives like salt and phosphorous.

But a recent Gallup poll reveals that 48 percent of surveyed Americans  – nearly half! still drink soda on a daily basis. What’s more, among those who drank soda, the average daily intake was 2.6 glasses per day.

READ ALSO: This is what sodas like Coke and Pepsi can do to your teeth


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EM drive: travel to the Moon in 4 hours, Mars in 70 days http://www.hangthebankers.com/em-drive-travel-space-moon-mars/ http://www.hangthebankers.com/em-drive-travel-space-moon-mars/#comments Thu, 30 Jul 2015 00:51:01 +0000 http://www.hangthebankers.com/?p=25697
Day trips to the moon could soon be a reality after scientists confirmed a new propulsion drive, once thought “impossible” to build, actually works and could take punters to the lunar world in just four hours.

The electromagnetic propulsion drive (EM Drive) was developed by British scientist Roger Shawyer in 2000, but considered scientifically impossible by his contemporaries.

NASA later revisited the design, suggesting it may be possible.

Vindicating Shawyer’s findings, Dresden University of Technology’s Martin Tajmar this week revealed the EM Drive is capable of producing thrust several times greater than a photon rocket and could reach Mars within 70 days and Pluto in 18 months.

Roger Shawyer EM drive

The EM Drive was developed by the British inventor Roger Shawyer nearly 15 years ago but was ridiculed at the time as being scientifically impossible.

A trip to Alpha Centauri, Earth’s nearest star system, located 4.37 light-years from the Sun, might even be possible within 100 years, far shorter than the current trip which would take tens of thousands of years.

The drive produces thrust by harnessing solar power to fuel multiple microwaves which are enclosed in a chamber.

In theory, unless a piece of the motor breaks, the drive could keep going forever, without any fuel.

“Our test campaign cannot confirm or refute the claims of the EM Drive but intends to independently assess possible side-effects in the measurements methods used so far,” said Tajmar.

“Nevertheless, we do observe thrust close to the actual predictions after eliminating many possible error sources that should warrant further investigation into the phenomena.”

“Our measurements reveal thrusts as expected from previous claims after carefully studying thermal and electromagnetic interferences.

“If true, this could certainly revolutionize space travel,” he added.

EM drive

The EM Drive.

Tamjer presented his results in the 2015 American Institute for Aeronautics and Astronautics’ Propulsion and Energy Forum and Exposition this week.

Shawyer, the original inventor, also claims he is months away from proving the capabilities of his drive in a peer reviewed journal.

Scientists remain baffled as to how the drive actually works.


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White House rejects Snowden petition, warns ‘we live in a dangerous world’ http://www.hangthebankers.com/white-house-rejects-snowden-petition/ http://www.hangthebankers.com/white-house-rejects-snowden-petition/#comments Wed, 29 Jul 2015 03:35:09 +0000 http://www.hangthebankers.com/?p=25679
In response to a popular online petition calling for pardoning Edward Snowden, the White House says the former NSA analyst should return home to “be judged by a jury of his peers.”

The 2013 petition calling for a pardon drew 167,000 responses.

“Instead of constructively addressing these issues, Mr. Snowden’s dangerous decision to steal and disclose classified information had severe consequences for the security of our country and the people who work day in and day out to protect it,” a White House response to the petition posted on the We the People website states.

“If he felt his actions were consistent with civil disobedience, then he should do what those who have taken issue with their own government do: Challenge it, speak out, engage in a constructive act of protest, and — importantly — accept the consequences of his actions. He should come home to the United States, and be judged by a jury of his peers — not hide behind the cover of an authoritarian regime. Right now, he’s running away from the consequences of his actions,” said Lisa Monaco, the White House homeland security and counterterrorism adviser.

White House we the people petition Snowden NSA

Details disclosed by Snowden revealed just how pervasive government surveillance of the American people is.

Leaked court orders show the NSA collects virtually every phone call record in the United States and agency Powerpoint slides document how the NSA conducts “upstream” collection of data directly from telecommunications providers.

Under the name “Cincinnatus,” Snowden contacted the journalist Glenn Greenwald and then filmmaker Laura Poitras. He decided to work with Greenwald and Poitras after The Washington Post refused to publish 41 PowerPoint slides exposing the PRISM electronic data mining program.

After The Guardian published Greenwald’s articles on NSA surveillance, dozens of other media sources followed suit, including Der Spiegel, Le Monde and, eventually, The Washington Post and The New York Times.

The reporting earned The Guardian and The Washington Post the 2014 Pulitzer Prize for Public Service for exposing “widespread surveillance” and for initiating a “huge public debate about the extent of the government’s spying,” Politico reported.

Following the revelations, Snowden applied to 21 countries for political asylum. In response, the US government and Vice President Joe Biden pressured governments to refuse asylum.

The Russian government eventually granted asylum under a caveat, issued by Vladimir Putin, that Snowden discontinue “his work aimed at harming our American partners.”

Despite the US government’s contention Snowden’s revelations are criminal, he has received a number of awards, including the German “Whistleblower Prize” and “Big Brother” award, the Sam Adams Award, the Ridenhour Truth-Telling Prize, the IQ Award issued by Mensa, and others.


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House of Lords deputy speaker caught with hookers, snorting cocaine http://www.hangthebankers.com/house-of-lords-deputy-speaker-hookers-cocaine/ http://www.hangthebankers.com/house-of-lords-deputy-speaker-hookers-cocaine/#comments Wed, 29 Jul 2015 02:10:22 +0000 http://www.hangthebankers.com/?p=25673
Scotland Yard has been called in to investigate the deputy speaker of the House of Lords after a video emerged of him allegedly snorting cocaine with prostitutes.

Lord Sewel resigned from his £84,500 per year post after the video was leaked to the Sun newspaper and published in an expose on Sunday.

The Prime Minister backed his decision to resign amid “very serious allegations”.

“I think it’s right he has stood down from his committee posts and I’m sure further questions will be asked about whether it is appropriate to have someone legislating and acting in the House of Lords if they have genuinely behaved in this way” Cameron said.

“It’s still going to take some time I suspect to get to the full truth.‎”

House of lords deputy speaker Lord Sewel

Lord Sewel at his day job.

Sewel, 69, is facing calls to quit parliament altogether, and he could become the first peer to be expelled under new rules he was instrumental in implementing.

Police proceeded to search Sewel’s flat, entering the property with sniffer dogs and exiting with bags of evidence, according to media reports.

So far no arrests have been made, police said.

“A warrant under Section 23 of the Misuse of Drugs Act 1971 was today granted at Westminster Magistrates’ Court,”Scotland Yard said in a statement. “The warrant was executed at 6 pm at an address in central London by officers from the Special Enquiry Team of the Homicide and Major Crime Command.”

The footage show’s Sewel naked with two women at his apartment in Dolphin Square, a luxury residence close to parliament. Flats in the block, which are popular among MPs and Lords, are also being investigated as part of the inquiry into alleged historic child sex abuse.

The video shows the Lord snorting white powder, which the paper alleges to be cocaine, from between the breasts of a prostitute using a five pound note, which a different shot shows Sewel wearing a bra and leather jacket while smoking a cigarette.

He is further believed to have paid one of the women £200 for the night.

Lord Speaker Baroness D’Souza said: “Today’s revelations about the behavior of Lord Sewel are both shocking and unacceptable. Lord Sewel has this morning resigned as chairman of committees.

“The House of Lords will continue to uphold standards in public life and will not tolerate departure from these standards.

“These serious allegations will be referred to the House of Lords Commissioner for Standards and the Metropolitan Police for investigation as a matter of urgency,” her statement read.

Sewel could be expelled under the House of Lords Suspension and Expulsion Act 2015, which was given Royal Assent in March. The Act states peers may be barred if they do not stick to a strict code of conduct, and that they must “always act on their personal honor.”

The Lords Privileges and Conduct Committee, which Lord Sewel chaired before the video emerged, will decide on a punishment after the Lords Commissioner for Standards Paul Kernaghan has gathered evidence.

Lord Sewel House of Lords in bra

Lord Sewel enjoying a cigarette whilst wearing a bra and surrounded by prostitutes.

Police sources noted that drug allegations were difficult to investigate with only video evidence rather than physical substances.

Labour MP John Mann said Sewel should resign from the Lords before he is forced to go.

He chaired the committee that makes the decisions on discipline. It was his committee,” the MP for Bassetlaw said.

He cannot possibly go in front of his own committee and expect a serious hearing.

“He is a disgrace. He should retire and resign immediately.

“A lifetime ban would be the committee’s only option. He needs to save them and himself further embarrassment and go now.”


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Russian cop rams his car into oncoming vehicle to save busload of children http://www.hangthebankers.com/cop-rams-car-save-busload-of-children/ http://www.hangthebankers.com/cop-rams-car-save-busload-of-children/#comments Tue, 28 Jul 2015 23:12:55 +0000 http://www.hangthebankers.com/?p=25668
A Russian police officer risked his own life to prevent a road accident that put dozens of children in danger.

He ran his patrol car into a vehicle, speeding head on into a convoy of children’s buses.

The cop miraculously survived the crash.

On Saturday, the officer, now hailed as a hero, Aleksandr Kosolapov, was escorting a convoy of nine buses transporting about 300 children from a summer camp to the city of Abakan, the capital of the Khakassia Republic in sourthern Siberia.

Russian Policeman Aleksandr Kosolapov

Policeman Aleksandr Kosolapov

Suddenly, a car driving at high speed in the opposite lane, started coming head on in the convoy’s direction.

Kosolapov reacted instantaneously and shielded the children’s buses with his own car, a decision that may well have saved hundreds of young lives.

“As a result of the massive collision the patrol car was literally turned into a pile of metal. According to the experts, it’s a miracle the police officer is still alive,” Khakassian police said in a statement.

Aleksandr Kosolapov patrol car Russian cop

The patrol car of Aleksandr Kosolapov following the incident.

The car that almost crashed into the children’s buses had five people including a 10-year-old child onboard. All of them received minor injuries. As for the kids on the buses, they were safe and sound, thanks to the brave policeman, who was seriously injured himself.

Kosolapov is now conscious and in a stable condition, spokesman for the region’s police, Sergey Kuznetsov, reports, adding the officer has already spoken to his colleagues.

Khakassia’s police have received a lot of letters, thanking the courageous hero cop. If the doctors allow it, a group of children who were on the buses, will pay a visit to their rescuer, Kuznetsov added.

The authorities have opened a criminal case against the reckless driver, who put the children’s lives in danger.

car crash

The swerving car that was rammed to save the children.


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China experiences second biggest stock market crash, -8.48% http://www.hangthebankers.com/china-second-biggest-stock-market-crash/ http://www.hangthebankers.com/china-second-biggest-stock-market-crash/#comments Mon, 27 Jul 2015 20:48:47 +0000 http://www.hangthebankers.com/?p=25660
After pledging, investing and otherwise guaranteeing the Chinese stock market to the tune of 10% of GDP, and intervening on at least 40 different occasions in the past month ever since China‘s stock bubble burst in late June, with the subsequent crash nearly taking the Shanghai Composite red for the year, overnight China officially lost control for the second time.

After a weak start to the Monday trading session, things turned very ugly in the last hour, when the Shanghai Composite plunged by 8.48%, closing nearly at the lows, and tumbling some 345 points for its biggest one-day drop since February 2007 and its second biggest crash in history!

Stock market shanghai crashing 2015

The selling was steady throughout the day, but spiked in the last hour on concerns China would rein in its market-supporting programs following IMF demands to normalize its relentless market intervention.

According to Bloomberg’s Richard Breslow: “fear that the extraordinary support measures employed to hold up the market may be scaled back caused heavy afternoon selling resulting in a down 8.5% day.”

Of course, one can come up with any number of theories to explain the plunge: for example the PBOC did not buy enough to offset the relentless selling.

China PBOC stock market crashing 2015

The last thing the communist party and the PBOC wanted was another massive sell off after having not only fired the “bazooka” but come up with a different bazooka to halt “malicious sellers” virtually every day, including threats of arrest.

China second biggest stock market crash

Nobody was spared in the selloff and of the 1,114 stocks in the Shanghai Composite, 13 closed higher on Monday.

Here, courtesy of the WSJ, are some of the more amazing numbers of today’s selloff:

  • The Shanghai Composite Index ended down 8.5% at 3725.56, its second-straight day of losses and worst daily percentage fall since February 27, 2007. The smaller Shenzhen Composite fell 7% to 2160.09 and the ChiNext, composed of small-cap stocks and sometimes known as China’s Nasdaq, closed 7.4% lower at 2683.45.
  • More than two-thirds of the stocks in the Shanghai Composite, or about 765 companies, hit their down limit on Monday. Those limits prevented hundreds of stocks from logging sharper declines, though they can also make it harder for investors to exit positions.
  • Since the Shanghai Composite peaked in June, it has lost 28% of its
    Massive intervention by authorities in Beijing engineered a
    rebound for the country’s stock markets earlier this month, but Monday’s
    selloff eroded much of that recovery.
  • Although hundreds of stocks have resumed trading since the market bottomed earlier this month, 126 stocks on the Shanghai Composite are still halted.
  • International investors have been ditching Chinese stocks for the past few weeks, spooked by widespread share suspensions that locked up capital. Investors sold stocks during 13 of the past 16 trading sessions via the Shanghai-Hong Kong Stock Connect, a trading link connecting the two cities that launched in November. Cumulative outflows now total 39.9 billion yuan, or U.S. $6.43 billion.

According to Reuters, there was little to explain the scale of the sell-off. Some analysts said fears that China may hold off from further loosening of monetary policy had contributed to souring investor sentiment.

Sure enough, narratives to “explain” the selling which beget more selling, were promptly offered, as can be seen in this Bloomberg summary of aftter the fact research reports;


  • “The decline, extending losses on Friday, is a technical correction after hundreds of companies rebounded 50% with dozens of stocks even doubling after the sell-off,” analyst Shen Zhengyang says by phone
  • “The rebound from the earlier sell-off has pretty much come to an end and the market needs to take a breather”
  • Possible expansion of yuan band may put the currency under depreciation pressure, while pick-up in home prices in 1st-tier cities may mean weaker-than-expected monetary easing policies going forward
  • Mkt might enter range-bound consolidation after technical correction, but upside will be limited as investor confidence was shattered in earlier sell-off


  • Mkt slumps due to “fragile” investment sentiment, investors locking in profit from previous rebound: chief strategist Yang Delong says in phone interview
  • A shares extend decline as investors started to take profit from last Friday after recent mkt rebound
  • Investors lose faith in a longer-term rebound
  • Expects China to roll out more measures to boost A shrs if SHCOMP drops below 3,800
  • Govt backed funds, with big enough war chest, may buy stocks after mkt slump today


  • Pullback today mainly due to profit-taking, while news on possible govt exit of mkt rescue also has impact on mkt: analyst Qian Qimin
  • Weakness in heavyweight stks may lead to “double dip” in mkt, sees “policy bottom” at 3,500 points as index below that level may trigger panic again
  • Fundamentals underpinning bull mkt may have disappeared given low probability in further monetary easing, potential investment shifting to property mkt, more cautious mkt sentiment


  • A share slump today is an “aftershock” as mkt sentiment needs longer time to recover from previous mkt correction: analyst Huang Cendong

We agree with one thing: having gone all in, the Chinese government can’t stop now, and after pledging half a trillion for its Plunge Protection Team (recall China skipped all the QE pleasantries and proceeded straight to buying stocks, launching a quasi-nationalization of the market and making the China Securities Finance Corp a Top 10 shareholder of numerous stocks), it will be forced to do even more, in the process crushing confidence that much more, since investors both offshore and domestic, realize that the fair value of stocks is far lower than current price ex. government intervention.

China stock market crash

“Investors are not confident that the bull market will return any time soon,” Jimmy Zuo, a trader at Guosen Securities, told Bloomberg.

“People want to pocket profits after the benchmark index rose past the 4,000 mark.”

And who can blame them? The only question we have is when will people in other “developed” markets wake up to their own just as manipulated markets, and decide they too have had enough with the rigged casino.

Actually, there is another question: the last time Chinese stocks had a near-record crash, the PBOC somehow “discovered” 600 tons of gold hiding under the couch to prop up confidence. We wonder how much it will “discover” this time.


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Three scientists investigating melting Arctic ice possibly murdered http://www.hangthebankers.com/scientists-investigating-melting-arctic-ice-possibly-murdered/ http://www.hangthebankers.com/scientists-investigating-melting-arctic-ice-possibly-murdered/#comments Mon, 27 Jul 2015 04:43:20 +0000 http://www.hangthebankers.com/?p=25654
A Cambridge Professor has made the astonishing claim that three scientists investigating the melting of Arctic ice may have been assassinated within the space of a few months.

Professor Peter Wadhams said he feared being labelled a “looney” over his suspicion that the deaths of the scientists were more than just an ‘extraordinary’ coincidence.

But he insisted the trio could have been murdered and hinted that the oil industry or else sinister government forces might be implicated.

The three scientists he identified – Seymour Laxon and Katherine Giles, both climate change scientists at University College London, and Tim Boyd of the Scottish Association for marine Science – all died within the space of a few months in early 2013.

Three scientists arctic ice killed

Professor Peter Wadhams (top left) believes fellow scientists (top right clockwise) Seymour Laxon, Tim Boyd and Katherine Giles may have been assassinated.

Professor laxon fell down a flight of stairs at a New year’s Eve party at a house in Essex while Dr Giles died when she was in collision with a lorry when cycling to work in London. Dr Boyd is thought to have been struck by lightning while walking in Scotland.

Prof Wadhams said that in the weeks after Prof Laxon’s death he believed he was targeted by a lorry which tried to force him off the road. He reported the incident to the police.

Asked if he thought hitmen might have been behind the deaths, Prof Wadhams, who is Professor of ocean physics at Cambridge University, told The Telegraph: “Yes. I do believe assassins possibly murdered them but I can see that I would be thought of as a looney for believing this.

“But it’s just very odd coincidence that something like that should happen in such a brief period of time.”

He added: “They [the deaths] were accidents as far as anybody was able to tell but the fact they were clustered like that looked so weird.”

Asked who might have wanted them out the way, he replied: “I can only think of the oil lobby but I don’t think the oil lobby goes around killing people.”

He admitted it would have been “stupid” to go to the police with his concerns over the three deaths, not least because he was “suspicious” of the authorities – he cited the example of the death of the government’s weapons expert Dr David Kelly.

Arctic ice scientists

Prof Wadhams added: “I thought if it was somebody assassinating them could it be one of our people doing it and that would be even more frightening. I thought it would be better not to touch this with a barge pole.”

His suspicions drew outrage on Saturday from Prof Laxon’s partner, who was also a close friend of Dr Giles. When told what Prof Wadhams had said, Fiona Strawbridge, head of e-Learning at UCL, replied: “Good god. All of this is completely outrageous and very distressing.”

The couple had been staying in a friends’ converted mill in the Essex countryside when her partner fell down the stairs in the early hours of New Year’s Day. He died the next day from head injuries.

“It was very steep stairs and I heard Seymour fall,” said Ms Strawbridge, “It is just completely bonkers [to suggest murder].

“I am sure there are some climate scientists who do get trolled and pursued but Seymour wasn’t one of them. I would have known if anybody had been pursuing him.

“Sometimes there are tragic coincidences and you have to accept that.”


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5 foods that destroy your immune system http://www.hangthebankers.com/5-foods-that-destroy-your-immune-system/ http://www.hangthebankers.com/5-foods-that-destroy-your-immune-system/#comments Mon, 27 Jul 2015 01:12:19 +0000 http://www.hangthebankers.com/?p=25649
More than likely, you want to keep your immune system running at its peak condition, and you likely put forth the effort every day by getting enough sunshine, sleeping well, and exercising.

But diet also plays a huge role in our lives, and there might even be some foods you’re eating right now that you didn’t know were harmful.

Sugar, fried foods, and meat are only the tip of the iceberg when it comes to foods that will destroy your immune system. Even some “healthy” foods will contribute to immune system suppression over time.

Woman drinking soda unhealthy health

Foods That Compromise Immune Function

Food manufacturers, particularly those that market their brand as natural, have become very clever at making their products seem relatively benign in the terms of health. Some foods that are by no means healthy are marketed as such, and the unbeknownst consumer is being subjected to dangerous ingredients that could be inhibiting proper immune function. Here are 5 foods that will destroy your immune system.

1. Red Meat

A recent study from the University of California suggests red meat can trigger a dangerous reaction that can weaken the immune system. [1] The issue comes from a natural sugar in red meat that our bodies can’t digest. The sugar is believed to cause a host of other health problems—a higher risk of cancer being one of those.

2. Fried Foods

In addition to being full of fats that could increase your “bad” cholesterol, fried foods can also trigger irritation and swelling in the body, leading to lower immunity. But one study suggests that just cutting back on fried foods—or better yet, getting rid of them altogether—could “help restore the body’s natural defenses regardless of age or health status.” [2] Plus, fried foods accumulate acrylamide, a dangerous carcinogen.

3. Soda

If you’re drinking soda—it really doesn’t matter what it’s sweetened with—you’re likely destroying your immune system. Even diet soda is a bad option. Because soda has no beneficial nutrients, drinkers are less likely to get enough vitamin A, calcium, and magnesium—all necessary for an optimum immune system. And, if that wasn’t enough, phosphoric acid (found in sodas) can also deplete calcium and magnesium in the body.

4. Sugary Snacks

Some sugars—refined ones are the absolute worst—can actually suppress the immune system. One study suggests that the sugar actually targets the cells that attack bacteria. [3]And the effect can even last for hours after you eat something sugary.

5. Processed Foods

One of the most dangerous foods to immune health, in my opinion, is processed foods. How come? Because there are many food companies out there who are using the terms “natural” to describe their product, even though their foods may have a hefty amount of refined carbohydrates, sugar, and hidden flavorings. Even organic processed foods, like cereal and breads, can contain immune-suppressing sugar. Processed foods are basically anything that comes in a package, contains more than one ingredient, and has been cooked and modified mechanically. Eating processed foods can lead to chronic irritation in the body. A recent study even suggests that the toxins of a modern diet completely outweigh the possible nutritional gains. [4] All this is leading us to weaker immune systems, higher rate of illnesses and diseases, and all-around poor health.

Natural Immune System Support

If you want a healthy immune system, in addition to getting rid of these foods, you could also try eating some that boost your immunity instead. These include vitamin C-rich foods like green vegetables and citrus. Exercise is also a healthy component, as is stress reduction and vitamin D supplementation. Oregano oil is also a powerful harmful organism cleanser and may have some benefit for immune health.

Dr. Edward F. Group III, DC, NP, DACBN, DCBCN, DABFM


  1. Samraj, A. N. et al. A red meat-derived glycan promotes inflammation and cancer progression. Proceedings of the National Academy of Sciences of the United States of America. 112 (2).
  2. Vlassara, H. et al. Protection against Loss of Innate Defenses in Adulthood by Low Advanced Glycation End Products (AGE) Intake: Role of the Antiinflammatory AGE Receptor-1. Journal of Clinical Endocrinology & Metabolism. 94 (11).
  3. Sanchez, A. et al. Role of sugars in human neutrophilic phagocytosis. he American Journal of Clinical Nutrition. 26 (11).
  4. Myles, I. A. Fast food fever: reviewing the impacts of the Western diet on immunity.Nutrition Journal.


SEE ALSO: 7 ways to supercharge your immune system

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