Thursday, July 23, 2020

SEC, Bank of Israel Hide U.S. Stock Ownership

SEC, Bank of Israel Hide U.S. Stock Ownership


https://wallstreetonparade.com/2020/07/the-central-bank-of-israel-doesnt-want-you-to-know-what-u-s-stocks-it-owns-neither-does-the-sec/

The Central Bank of Israel Doesn’t Want You to Know What U.S. Stocks It Owns; Neither Does the SEC

By Pam Martens and Russ Martens: July 16, 2020 ~
Jay Clayton
Jay Clayton, Chairman of the SEC
It’s no wonder that American citizens are receiving just a tiny snippet of critical news from mainstream media. Federal regulators have set a new low in withholding documents that the public and the media are entitled to under the Freedom of Information Act (FOIA). These censored documents could inform us on what’s really driving policy decisions in Washington.
Take our latest FOIA brush with the Securities and Exchange Commission (SEC). Foreign central banks and sovereign wealth funds are required under law to report their publicly-traded U.S. stock positions no later than 45 days after the end of each calendar quarter. This is done on Form 13F, which is filed with the Securities and Exchange Commission, if those stock holdings reach $100 million or more.
The central bank of Israel, known simply as the Bank of Israel, has not been doing that for years, or if it has, the SEC has not been making the information public. The Bank of Israel files a 13F form but simply lists the names of the investment management firms it is using to manage its stock portfolio. It includes a file number for each investment manager but that file number does not unlock any publicly available information on the dollar amount or the names of the stocks owned by the Bank of Israel.
We know that the Bank of Israel, as of the end of 2019, held at least 7 percent of its $126 billion in foreign exchange reserves in U.S. stocks because that information is available on the website of the Bank of Israel. That would mean that it owns somewhere in the neighborhood of $8.82 billion in U.S. stocks, just with those foreign exchange reserves. But it could have other significant holdings as well.
Why is it important for the SEC to actually follow the laws it is required to follow? What if Israel’s investments are heavily concentrated in a handful of tech stocks, helping to create a bubble ready to burst. It’s not in the national security interests of the United States to be in the dark about stock bubbles, as we learned so well in the dot.com bust of 2000 and the epic financial crash of 2008.
We filed a FOIA with the SEC on May 21 of this year to obtain the U.S. stock information for the Bank of Israel. Under law, the SEC had 20 business days to send us a response or send us a reason for the delay and an approximate timeframe for when the material would be provided to us. We recently sent two reminders to the SEC that they were in default on the 20 business-day limit and received no response. Just dead silence. We have now filed a complaint with the SEC’s Inspector General.
The central bank of Norway, Norges Bank, made a filing with the Securities and Exchange Commission for the quarter ending March 31, 2020. It shows that Norges Banks owns 2,126 U.S. stocks with a value of $309.5 billion. Its portfolio  includes $7.8 billion in Amazon; $7.8 billion combined in two classes of Alphabet, parent of Google; $9.1 billion in Apple; $4.3 billion in Facebook; $9.1 billion in Microsoft; and $3.1 billion in JPMorgan Chase (a Wall Street bank that has pleaded guilty to three criminal felony counts in the past six years and had its precious metals desk called a criminal racketeering enterprise by the Justice Department in September of last year).
The central bank of Switzerland, the Swiss National Bank, is also a large holder of U.S. stocks. According to its 13F filing, as of March 31, 2020, it held 2,480 U.S. stocks worth a total of $94.2 billion. The Swiss National Bank also held multi-billion dollars positions in Alphabet, Amazon, Apple, Facebook and Microsoft.
At a Tuesday House hearing, Congressman Sean Casten said that according to a Forbes analysis, there were $582 billion in stock buybacks in 2018 which represented more than a 52 percent increase over 2017. Forbes estimated that the majority of that increase was due to the tax cuts stemming from the tax overhaul passed by Republicans in Congress. Casten went on to explain that foreigners own 35 percent of U.S. stocks, meaning that taxpayers effectively sent $203 billion, or 35 percent of that $582 billion in stock buybacks, to foreigners.
Now, think about who it is that will live a diminished quality of life as a result of the debt the U.S. took on to give those tax cuts to corporations to use on buybacks benefitting foreign investors and the wealthiest Americans who own the bulk of the stock market. It’s our children and grandchildren that we are burying under this national debt buildup that is heavily weighted to benefit Wall Street rather than workers, families or the small business owner on Main Street.Facebook

Thursday, July 16, 2020

Rey Rivera:Agora Inc Murder Suspect Porter Stansberry,CDC,WHO,AIDS Vaccine Fraud

Rey Rivera:Agora Inc Murder Suspect Porter Stansberry,CDC,WHO HIV Vax Fraud
Project bioshield coronavirus 9/11


Rey Rivera:Agora Inc Murder Suspect Porter Stansberry CDC,WHO connected AIDS Vax fraud

Circa 2000 Porter Stansberry promoted CDC,WHO connected AIDS Vax fraud as well as Agora Inc founder James Dale Davidon's Genemax fraud and Stanford Univerity connected Endovac penny stock biotech fraud.
Genemax and Endovac were originally part of corrupt Utah SEC's USEC uranium stock promotion case against James Dale Davidson and Porter Stansberry but were then removed from the case without explanation.

VaxGen, founded in 1995. There’s a “missing link” in the history somewhere, but VaxGen is one of over 800 biotech companies founded in San Francisco’s Silicon Valley –the place that “gave birth to biotechnology”.
AidsVax, invented by Dr. Phillip Berman, became the basis of a scheme by VaxGen Inc. of California and officials of the CDC. http://briandeer.com/vaxgen-aidsvax.htm promoted as the world’s first AIDS vaccine “which flopped in two controversial clinical trials in 2003” in Bangkok Thailand and Indiannapolis, Indiana.  AidsVax, in spite of its uselessness as an AIDS vaccine and its potential for “misdirecting and exhausting” the immune system which would then cause AIDS, was hovered over by a flock of official shepherds from the US govt to the WHO.............

Stansberry spam: For all the incredulity among vaccine scientists, one man who stood above the herd with Drs Francis, Heyward and Berman was Porter Stansberry, an Agora “investment analyst” who hyped the stock and claimed to have “proof“ that AidsVax worked. Even as insiders and institutions dumped VaxGen, Stansberry’s mailshots promised miracles. He later challenged Brian Deer

https://briandeer.com/vaxgen/stansberry-fraud.htm

CDC Officials Fraud Scheme With AidsVax

VaxGen, founded in 1995. There’s a “missing link” in the history somewhere, but VaxGen is one of over 800 biotech companies founded in San Francisco’s Silicon Valley –the place that “gave birth to biotechnology”.
AidsVax, invented by Dr. Phillip Berman, became the basis of a scheme by VaxGen Inc. of California and officials of the CDChttp://briandeer.com/vaxgen-aidsvax.htm promoted as the world’s first AIDS vaccine “which flopped in two controversial clinical trials in 2003” in Bangkok Thailand and Indiannapolis, Indiana.  AidsVax, in spite of its uselessness as an AIDS vaccine and its potential for “misdirecting and exhausting” the immune system which would then cause AIDS, was hovered over by a flock of official shepherds from the US govt to the WHO.
“Dr. William Heyward, head of HIV vaccine research at the CDC, had a secret deal to join the company….Heyward lobbied policymakers and was approved $8 million in grants for VaxGen…and in Jan,2000 he joined ex-CDC staffer Dr. Donald Francis, VaxGen president, who also hired former CDC deputy director Dr. Walter Dowdle”…
[left side bar quote] “Dr. Donald Francis [VaxGen president at the time] grossed nearly 4.5 million PoundsSterling from VaxGen in its first three years”..(about $7 million USD). –according to Brian Deer of the (UK) Sunday Times.
 Besides providing vast personal wealth to the officers and directors of the company, VaxGen became the beneficiary of  an $877 million dollar contract from the Dept. of Health and Human Services as Project BioShield funds were disseminated to develop national stockpiles against biological terror-threats. Those funds were subsequently withdrawn by HHS, which had an initial funding package of $5 billion to spend when Project BioShield was initiated.
Five of the first 10 grantees were California biotech companies; two of them in La Jolla near San Diego. http://cidrapbusiness.us/cidrap/content/bt/bioprep/news/may1005bioshield.html
By 2007, VaxGen was “struggling” and negotiated a merger with Raven Biotechnologies whose CEO, George F. Schreiner, became the new leader of VaxGen. James P. Panek became VaxGen’s president instead of its CEO. The company has a confusing array of shifting officers and personnel which appears consistent since its founding. As of October, 2009, VaxGen has acquired OXiGene, issued new stock, and reconfigured its leadership and ownership once again.
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Brian Deer: VaxGen’s AidsVax
Materials gathered by Brian Deer from his investigation for The Sunday Times of London of VaxGen Inc of California, and its “world’s first Aids vaccine” which flopped in two controversial clinical trials in 2003
 The VaxGen Experiment: During a three-continents Sunday Times investigation of the proposed Aids vaccine AidsVax, which in February and November 2003 failed in trials, Brian Deer found a crushing scientific consensus that VaxGen’s controversial technology couldn’t work, but had been promoted through political pressure and private deals. The Sunday Times Magazine October 3 1999
 Evidence for the prosecutionDuring his inquiries, Deer was passed documents dated March 22 1999 which showed that, long before VaxGen offered shares to the public, the most important government cheerleader for AidsVax – Dr William Heyward, head of HIV vaccine research at the Centers for Disease Control – had a secret deal to join the company. Out of public duty, Deer gave some to the inspector-general, health and human services, who launched a formal inquiry
 Go with the flow: From CDC in Atlanta, Heyward had lobbied policymakers and approved $8m in grants for VaxGen. But the company had already drawn this chart on his future duties, and in January 2000, he joined ex-CDC staffer Dr Donald Francis, VaxGen president, who also hired former CDC deputy director Dr Walter Dowdle to head its influential data monitoring board

United States v William L. Heyward: With Deer’s papers, federal attorneys brought charges against Heyward, accusing him of violating anti-graft laws intended to check corruption in public service. Heyward, now a VaxGen vice-president, eventually admitted the conflict, paid a $32,500 fine and escaped a high-profile criminal trial that might have proved devastating to the AidsVax project

Mission accompliced: While Heyward was still in government employment, the company directed journalists to him – as these media pack pages show – giving themselves his apparently independent endorsement. CDC’s prestige also helped the stock price of VaxGen Inc to soar following an October 1999 press announcement about the agency’s involvement. Heyward had championed VaxGen’s position for years, as in a string of science papers
Investor lawsuits (1): [pdf file] Following the federal prosecution of the VaxGen vice-president Dr William Heyward, the company was hit on March 17 2003 with the first class action lawsuit alleging securities fraud. This complaint filed by attorneys Milberg Weiss in US District Court for Northern California alleges that the company concealed facts, made false claims to cause VXGN stock to trade at inflated prices, and made misleading statements on trial data. VaxGen rejected the action as meritless

Investor lawsuits (2): [pdf file] A second, third and fourth legal complaint, also rejected by VaxGen Inc, were filed by law firm groups headed by Green & JigarjianHaldenstein Adler and Glancy & Binkow. Others followed

Of chimps and chumps: Company claims in its IPO prospectus [pdf] as to why they say they believed AidsVax would work rested on antibodies in volunteers during small-scale tests, and two unverifed experiments described by AidsVax inventor Dr Phillip Berman in chimpanzees. Preparing a Sunday Times report for March 16 2003, Brian Deer raised abandoned AidsVax as not worthy of further development

AidsVax’s political history: Given the controversies gathered on these web-pages, one obvious question is: how did this fiasco happen? In 1998, New York Newsday reported on the intensely political background to Aids research in general and the quest for a vaccine in particular. Legal process will now try to resolve whether, against this background, VaxGen misled investors over the possibilities for AidsVax to actually have an impact on the disease. Many critics are now asking: will the law succeed where science has failed?
VaxGen product AidsVax “forgets one century of science” says expert when interviewed by Brian Deer
Scientists caught napping: On February 24 2003, VaxGen broke with its declared plans for unveiling data and announced the failure of its US clinical trial in the middle of the night, ET, giving themselves a clear run with off-hours media staff. Aids activists were outraged by the stunt, and scientists who might have challenged VaxGen’s spin on the data were for the most part asleep
Playing the race card: According to VaxGen’s results, the trial failed to show efficacy, but under company subgroup analysis it was claimed that among blacks and Asians the vaccine had astounding protective powers. VaxGen slides, however, revealed a weird clustering of infections in the placebo group – caused by one Chicago man – and message board chat raised anxieties over race
Berman’s big moment: On March 31 2003, AidsVax inventor Dr Phillip Berman made a rare appearance at one of Vaxgen’s many conference calls – this time from a symposium in Canada. During his 30-minute presentation of material from the US trial, the stock market responded, as this chart shows. In January 2004, Berman quit VaxGen, with founding president Dr Donald Francis
Work in progress: The $8m CDC grant went to five of the US centers participating in the VaxGen clinical trial. At this link, an April 2001 CDC press notice backgrounds the crucial project Heyward was involved in setting up. This substudy of VaxGen’s trial may have been badly distorted by selective recruitment of volunteers who behave abnormally compared with controls – suggested by this chart
Longtime observer: Since reporting in 1981 the first recognized death in the UK from what would later be known as Aids, Brian Deer has followed both the epidemic caused by HIV and issues connected with other vaccines, such as the DTP-DPT. His investigations for The Sunday Times in the field of medicine won him a British Press Award in 1999, the UK version of a journalism Pulitzer PrizeVehement denials: In reply to the criticisms, VaxGen Inc argued that the failed trials of AidsVax would help battle Aids, regardless of their outcome. At this link the company denies any conflict of interest by Dr Heyward, and at this link it offers its own account of the fierce opposition AidsVax has encountered, suggesting that criticisms were themselves motivated by conflicts of interest
Stansberry spam: For all the incredulity among vaccine scientists, one man who stood above the herd with Drs Francis, Heyward and Berman was Porter Stansberry, an Agora “investment analyst” who hyped the stock and claimed to have proof that AidsVax worked. Even as insiders and institutions dumped VaxGen, Stansberry’s mailshots promised miracles. He later challenged Brian Deer
Contact Brian at this link: Were you misled by CDC’s apparently disinterested endorsement of the “world’s first Aids vaccine”? Do you feel the company told you the full story? To contact Brian Deer about these, or anything else, please email him through this link