rigorousintuition.ca

Posted: **Fri Sep 02, 2011 5:14 pm**

The Miscreants’ Global Bust-Out

Posted on 28 April 2011 by Patrick Byrne

www.deepcapture.com

“A bust-out is a scheme customarily employed by organized crime to deplete the assets of a legitimate business, thus forcing it into bankruptcy.” State of New Jersey Commission of Investigation 1988 Report, “Subversion By Organized Crime And Other Unscrupulous Elements of the Check Cashing Industry”

“BUSTOUT: a confidence scheme in which an established business is taken over, a large stock of merchandise is purchased on credit and quickly sold, and the business is then abandoned or bankruptcy is declared.” – Merriam-Webster Dictionary

Mark Mitchell has continued exploring the financial instability of the last four years, including the crash of 2008 and the Flash Crash of 2010.

His conclusion is that various activities associated with market manipulation (e.g., naked short selling, high frequency trading, derivatives such as Credit Default Swaps and synthetic CDOs, sponsored access, regulatory capture, press manipulation) have been elements in a massive leverage-and-loot scheme by a network that includes Genovese and Russian organized crime, Sunni extremist financiers with ties to Al Qaeda, the Russian FSB, the Albanian Mafia, the Iranian regime, and the closest associates of Michael Milken.

The result, “The Miscreants’ Global Bust-Out”, is 230 pages long. DeepCapture will be publishing it in approximately 20 installments over the coming weeks.

The Miscreants' Global Bust-Out
Preface
1.Was the United States Attacked By Financial Terrorists?
2.The “Money Weapon” and a Jihad Bigger than Bin Laden
3.Michael Milken and the BCCI Criminal Enterprise
4.Michael Milken, the Mafia, and Some Powerful Hedge Funds
5.The Russians, their Friends, and Bernie Madoff’s Bear Markets
6.Man Financial and Al Qaeda’s Wash Trades
7.The Bernie Madoff Cover-Up, the Blind Sheikh, and the RLevi2 Algorithmic Market Manipulation Machine
8.Al Qaeda, Iran, and Some Mafia-tied Agents of Economic Sabotage
9.The Collapse of MJK Clearing, a Few Loose Nukes, and a Lot of Self-Destruct CDOs
10.The Mafia, the Markets, and a Message from Russia
11.Michael Milken’s Market Manipulation Club and Al Qaeda’s Big Bank
12.Russian Spies, Rogue States, and the Manipulation of the American Markets
13.The Collapse of Refco; the Take-down of National Heritage Life; and the Day the Mafia-Jihadi Nexus Discovered Penson Financial
14.How the Russian Mafia Captured the DTCC — and the American Financial System
15.Ali Nazerali in Aruba, and an Al Qaeda Financial Weapon Called PTech
16.The Deep Capture of America, and Some Clues as to the Once and Future Cataclysm
17.A Brief Note on the Unimaginable
18.Penson Financial’s Strange Clientele
19.How the Mafia-Jihadi Nexus Made Penson Financial the Biggest Brokerage on the Planet
20.Uhm, Mr. President, We Might Have a Problem…

www.deepcapture.com

Posted: **Fri Sep 02, 2011 11:15 pm**

FanTASTIC! It's invigorating to have one's deeply-held suspicions validated, even IF its confirmation of something as distressing and seriously destabilizing as this expose of a massive semi-coordinated criminal conspiracy of wide scale. The Global Bust-Out cons, cheats & swindlers have been practicing & perfecting their confidence and racketeer scams all over the world for at least 50 years, buying influence and subverting state institutions of ruling elites and systems of oversight/'law'.

This should be a VERY interesting, chilling read.

Posted: **Fri Sep 02, 2011 11:34 pm**

I copied this definition from another website about 5 years ago... I think I may have posted it here at RI, but it would've been long ago. Don't have a link or an author.

Sopranos fans will remember it's what they did to Dave Scatino's sporting goods store, and it is exactly what the sociopatholigarchs are doing to institutions and government services.

BUSTOUT

This method of fiscal mismanagement is known as a 'bustout' in Mafia circles.

You get into a company by hook or crook

You run up every possible line of credit

You sell all owned, leased and credit-bought assets at fire sale prices

You burn any insured buildings for that money

You watch the business crash and go bankrupt

Your pals step in and buy up the few assets remaining -- for pennies on the dollar

You go find another company to "invest in."

The bankrupting of the USA will not hurt the top 5% of our population in the least -- their investments are fungible, and can be moved to any international currency or nation or assets. They can buy up the assets and companies of this nation for pennies on the dollar, and hire some of the hungry residents at slave wages to work them.

The owners of this nation have no fear whatsoever of running it right off the rails. It's an investment strategy.

It's not personal -- it's business.

Posted: **Fri Sep 02, 2011 11:39 pm**

1.Was the United States Attacked By Financial Terrorists?

That could very well be!

America could simply be reeling at its own game, by far more sinister foes bent on destroying what was "OK" about this place for quite awhile. The shit over the years that separated the USSR from the USA, the mindset of the culture.

America could be trying to "hang on to" the way it did business in the small form, in the day to day life form, the way it expressed its power. The way that life was looked at for 150 years by the commoner. And it is now just getting left, right and gutchecked and trying to stay on its feet. Trying to keep up appearances.

Could be. Could be.

It has met its foe and this, simply, will not be pretty.

Posted: **Sat Sep 03, 2011 1:42 am**

Yeah right, they're all "foriegners".

Hardly.

Posted: **Sat Sep 03, 2011 1:59 am**

America is all "foreigners" when it comes down to it. Its governance created with ideals, but a people not quite ready to accept each other, through the years, but the aspect of "rule of law" and always a reverence, for the most part, of freedom. Perhaps a lie, but something that each and every good souled American believed in, is still in place.

We could be, and I've never thought of it this way, truly be being undermined in a most nefarious way. Not the gov, but the people, by an outside force that knows how we work. The way we work in our heads and the .gov could be, could be trying to keep up appearances in order to stave off mass revolt. It's not working. Thus it works against itself.

I sit here writing this, even on a Canadian site, with belief in full protections of the Constitution. Do I think they'll work when push comes to shove? No. But do I believe in them? Yes.

Hope that made a little sense. I'm frazzled.

Edit: I guess what I am saying is that the forces of good, the powers that recognize law and order in the Constitutional sense are being existentially taxed in ways we cannot fathom or nor can they. Thus why? Taxed as in being worn thin.

Posted: **Sat Sep 03, 2011 5:54 am**

Was just watching "Capitalism, a Love Story" tonight. I can't watch more than about 20 minutes of it at a time without getting so angry ....

The main enemies of this country, and of us, are domestic. From right here.

Posted: **Sat Sep 03, 2011 7:25 am**

I just skimmed through the text. This does not seem to be an analysis of the deep political system's role in creating the financial crisis. Instead, it does seem to be from that sector of the Right which wants to blame all our problems on "outsiders".

Isn't it just a variant on that strain of anti-Semitic conspiracy theory which proves a thesis by playing "find the jew"? It seems to be an Islamophobic text which blames our financial ills on an outside forces centered in a "Mafia-Jihadi" conspiracy, in part by playing "find the Arab/find the Muslim" instead.

Posted: **Sat Sep 03, 2011 9:05 am**

American Dream wrote:I just skimmed through the text. This does not seem to be an analysis of the deep political system's role in creating the financial crisis. Instead, it does seem to be from that sector of the Right which wants to blame all our problems on "outsiders".

Isn't it just a variant on that strain of anti-Semitic conspiracy theory which proves a thesis by playing "find the jew"? It seems to be an Islamophobic text which blames our financial ills on an outside forces centered in a "Mafia-Jihadi" conspiracy, in part by playing "find the Arab/find the Muslim" instead.

No, it's not.

Personally, I think the text really deserves an in depth look, not a skim and any rebuttal should be factual, rather than a list of tropes of which I counted seven in your second paragraph.

Posted: **Sat Sep 03, 2011 9:22 am**

Searcher-

I'm not personally inclined to read this whole thing in-depth, as I saw enough to set off several red flags.

If you have a different reading of what the thesis is, could you tell us please?

Posted: **Sat Sep 03, 2011 9:46 am**

American Dream wrote:Searcher-

I'm not personally inclined to read this whole thing in-depth, as I saw enough to set off several red flags.

If you have a different reading of what the thesis is, could you tell us please?

Researchers such as Daniel Hopsicker and Indira Singh have pointed to transnational mafiya - drug - jihadi networks and their intersections.

Just in reading the second chapter, I am seeing organisations that Indira Singh encountered in her investigations into Ptech.

I will report back when I have read the whole thing, but as I said I am reading for a White Hat facts rather than Red Hat feelings / intuition.

Posted: **Sat Sep 03, 2011 9:58 am**

Thanks for posting this here; I've been reading through a couple chapters of this lately and was going to start this myself (I figured it was probably already being talked about on one of the Wall Street threads.) Let me just say that it is at least very interesting to read through the large amount of data and provocative connections which permeate practically every section. The previous two Deep Capture books also were packed with info...

Maybe there is an overarching agenda here that I am missing out on so far (beyond "stop naked short selling", of course.) But just from reading, for example, the chapter entitled How the Mafia-Jihadi Nexus Made Penson Financial the Biggest Brokerage on the Planet, this series seems quite valuable to me.

It's been very easy so far to parse their few statements about the motives of Islamic groups or whatever and just stick to trying to unravel the mysterious business partnerships. If you're looking for a simple black-and-white picture, though, you won't find one there. The chapter I just linked to also implicates Israel in passing, without bothering to dwell on what that might mean. Just that chapter alone could serve as a good introduction to deep state connections. Not a cohesive conclusion about the deep state, just habitual and even redundant dragging in of all relevant connections surrounding these people - that's useful to me. No thesis required, at least not yet.

Posted: **Sat Sep 03, 2011 10:06 am**

Searcher08 wrote:
American Dream wrote:Searcher-

I'm not personally inclined to read this whole thing in-depth, as I saw enough to set off several red flags.

If you have a different reading of what the thesis is, could you tell us please?

Researchers such as Daniel Hopsicker and Indira Singh have pointed to transnational mafiya - drug - jihadi networks and their intersections.

Just in reading the second chapter, I am seeing organisations that Indira Singh encountered in her investigations into Ptech.

I will report back when I have read the whole thing, but as I said I am reading for a White Hat facts rather than Red Hat feelings / intuition.

Oh certainly jihadis are in the mix- as are mafiosos and jews, for example, but this need not mean that the problems hinge on these factors.

Too many of these sorts of reports use some "true facts" in the service of extremely misleading conclusions. Now certainly a discerning reader could draw from some of the facts marshalled to support their own theorizing but critical analysis of the series would be essential, in my view.

Anyway, please do update us as to your reading of the thesis- I read the concluding sections more thoroughly and do feel that the overall thrust of the text is indeed misleading. It will be interesting to see if you come to a different conclusion.

Posted: **Sat Sep 03, 2011 10:54 am**

American Dream wrote:
Searcher08 wrote:
American Dream wrote:Searcher-

I'm not personally inclined to read this whole thing in-depth, as I saw enough to set off several red flags.

If you have a different reading of what the thesis is, could you tell us please?

Researchers such as Daniel Hopsicker and Indira Singh have pointed to transnational mafiya - drug - jihadi networks and their intersections.

Just in reading the second chapter, I am seeing organisations that Indira Singh encountered in her investigations into Ptech.

I will report back when I have read the whole thing, but as I said I am reading for a White Hat facts rather than Red Hat feelings / intuition.

Oh certainly jihadis are in the mix- as are mafiosos and jews, for example, but this need not mean that the problems hinge on these factors.

Too many of these sorts of reports use some "true facts" in the service of extremely misleading conclusions. Now certainly a discerning reader could draw from some of the facts marshalled to support their own theorizing but critical analysis of the series would be essential, in my view.

Anyway, please do update us as to your reading of the thesis- I read the concluding sections more thoroughly and do feel that the overall thrust of the text is indeed misleading. It will be interesting to see if you come to a different conclusion.

I think one of the difficulties around investigating deep state issues is that it seems that deep state actors can and do engage in actions which are totally irrational to outsiders (in fact, perhaps that should be 'sane people' rather than 'outsiders').

I agree with your point regarding being aware of biases - one sign that is worth mentioning is that he is not afraid to say that he really doesnt know about an area he is investigating and puts forward evidence for multiple viewpoints. For example his take on Roman Abramovitch who went from 'who he?' to Chelsea FC owning multi-billionaire...

My biggest interest in this will be to see what he reveals about ptech - as that company seems to be very near the 'Heart of Darkness' of 9/11.

Posted: **Sat Sep 03, 2011 11:08 am**

Searcher08 wrote:
American Dream wrote:
Searcher08 wrote:
American Dream wrote:Searcher-

I'm not personally inclined to read this whole thing in-depth, as I saw enough to set off several red flags.

If you have a different reading of what the thesis is, could you tell us please?

Researchers such as Daniel Hopsicker and Indira Singh have pointed to transnational mafiya - drug - jihadi networks and their intersections.

Just in reading the second chapter, I am seeing organisations that Indira Singh encountered in her investigations into Ptech.

I will report back when I have read the whole thing, but as I said I am reading for a White Hat facts rather than Red Hat feelings / intuition.

Oh certainly jihadis are in the mix- as are mafiosos and jews, for example, but this need not mean that the problems hinge on these factors.

Too many of these sorts of reports use some "true facts" in the service of extremely misleading conclusions. Now certainly a discerning reader could draw from some of the facts marshalled to support their own theorizing but critical analysis of the series would be essential, in my view.

Anyway, please do update us as to your reading of the thesis- I read the concluding sections more thoroughly and do feel that the overall thrust of the text is indeed misleading. It will be interesting to see if you come to a different conclusion.

I think one of the difficulties around investigating deep state issues is that it seems that deep state actors can and do engage in actions which are totally irrational to outsiders (in fact, perhaps that should be 'sane people' rather than 'outsiders').

I agree with your point regarding being aware of biases - one sign that is worth mentioning is that he is not afraid to say that he really doesnt know about an area he is investigating and puts forward evidence for multiple viewpoints. For example his take on Roman Abramovitch who went from 'who he?' to Chelsea FC owning multi-billionaire...

My biggest interest in this will be to see what he reveals about ptech - as that company seems to be very near the 'Heart of Darkness' of 9/11.

I do agree that looking for consistently rational behavior from elites is a mistake- and a classic error of orthodox marxists, to cite just one example.

Also, Ptech- yes a very interesting group with regards to 9/11 but whatever evidence we find of jihadi involvement, we still face alll those very important questions about tails and dogs and all that.

Even a cursory examination of the JFK literature shows how focusing on isolated aspects of a larger ecology can lead to "red herring" problems, sometimes as the conspirators desired...

rigorousintuition.ca

The Miscreants Global Bust-Out - the Deep Capture of America

The Miscreants Global Bust-Out - the Deep Capture of America

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Re: The Miscreants Global Bust-Out - the Deep Capture of Ame

Re: The Miscreants Global Bust-Out - the Deep Capture of Ame

Re: The Miscreants Global Bust-Out - the Deep Capture of Ame