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IN THE NEWS | 18 June 2017

One World of Nations
11 June 2017

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OWON: Deep into the dirt of Wells Fargo again.

How Wells Fargo's cutthroat corporate culture allegedly drove bankers to fraud

Once upon a time, in 1970, long before America’s banking system was dominated by six giant institutions—JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, Goldman Sachs, and Morgan Stanley—Dennis Hambek started working as a messenger at the National Bank of Washington in Ellensburg, Washington. Over the years, as his career advanced from messenger to loan officer to branch manager, he had a front-row seat at the transformation of America’s banking system. That first year, the National Bank of Washington was swallowed up by Pacific National Bank of Seattle, which in 1981 was bought by Los Angeles-based First Interstate Bancorp, which in 1996 was bought by San Francisco-based Wells Fargo, which in 1999—as the consolidation frenzy was reaching its peak—merged with Norwest, a Minneapolis-based bank, in a $34 billion deal.

Wells Fargo, which was founded in 1852 as a stagecoach express to carry valuable goods to and from the gold mines in the West, had a storied brand, so the new, combined company kept that name. But if Norwest’s name didn’t survive, its corporate culture did. Spearheaded by the company’s then C.E.O., Dick Kovacevich, it involved a novel way of thinking about banking.

As Kovacevich told me in a 1998 profile of him I wrote for Fortune magazine, the key question facing banks was “How do you sell money?” His answer was that financial instruments—A.T.M. cards, checking accounts, credit cards, loans—were consumer products, no different from, say, screwdrivers sold by Home Depot. In Kovacevich’s lingo, bank branches were “stores,” and bankers were “salespeople” whose job was to “cross-sell,” which meant getting “customers”—not “clients,” but “customers”—to buy as many products as possible. “It was his business model,” says a former Norwest executive. “It was a religion. It very much was the culture.”

It was underpinned by the financial reality that customers who had, say, lines of credit and savings accounts with the bank were far more profitable than those who just had checking accounts. In 1997, prior to Norwest’s merger with Wells Fargo, Kovacevich launched an initiative called “Going for Gr-Eight,” which meant getting the customer to buy eight products from the bank. The reason for eight? “It rhymes with GREAT!” he said...


OWON: We never understood why this story received such little coverage when Hillary's emails were first exposed at Christmas. Hegemony funds Tyranny.

Hillary emails reveal NATO killed Qaddafi to stop Libyan creation of gold-backed currency

Hillary’s emails truly are the gifts that keep on giving. While France led the proponents of the UN Security Council Resolution that would create a no-fly zone in Libya, it claimed that its primary concern was the protection of Libyan civilians (considering the current state of affairs alone, one must rethink the authenticity of this concern). As many “conspiracy theorists” will claim, one of the real reasons to go to Libya was Gaddafi’s planned gold dinar.

One of the 3,000 Hillary Clinton emails released by the State Department on New Year’s Eve (where real news is sent to die quietly) has revealed evidence that NATO’s plot to overthrow Gaddafi was fueled by first their desire to quash the gold-backed African currency, and second the Libyan oil reserves.

The email in question was sent to Secretary of State Hillary Clinton by her unofficial adviser Sydney Blumenthal titled “France’s client and Qaddafi’s gold”...


OWON: US Meddling incites more terrorism again. Nations burn.

Washington’s dangerous middle east agenda

It’s clear at this point that the recent visit of US President Trump to Saudi Arabia and Israel was about setting events into motion in order to fundamentally alter the present balance of power in the entire Middle East to the greater advantage of the United States and US energy geopolitics. As with most everything that Washington tries to do to rebuild its rapidly declining global dominance, this latest move by Washington to incite the Saudi Kingdom to ignite regime change in Qatar and escalate a form of oil war disguised as a Sunni-Shi’ite power conflict already looks in serious trouble.

I share with you a recent interview with an Arabic-language Middle East magazine in question and answer format.

Q: What can you say about the conflict between Qatar Gulf at this moment after the Arabic-Islamic-American summit at Riyadh?

WE: In my view this is a deep power struggle between Qatar and Saudi Arabia that has little to do with stated reasons regarding Muslim Brotherhood and Iran. The action to isolate Qatar was clearly instigated during US President Trump’s recent visit in Riyadh where he pushed the unfortunate idea of a Saudi-led “Arab NATO” to oppose Iranian influence in the region.

The Saudi move, clearly instigated by Prince Bin Salman, Minister of Defense, was not about going against terrorism. If it were about terrorism, bin Salman would have to arrest himself and most of his Saudi cabinet as one of the largest financiers of terrorism in the world, and shut all Saudi-financed madrasses around the world, from Pakistan to Bosnia-Herzgovina to Kosovo. Another factor according to informed sources in Holland is that Washington wanted to punish Qatar for seeking natural gas sales with China priced not in US dollars but in Renminbi. That apparently alarmed Washington, as Qatar is the world’s largest LNG exporter and most to Asia.

Moreover, Qatar was acting increasingly independent of the heavy Wahhabite hand of Saudi Arabia and threatening Saudi domination over the Gulf States. Kuwait, Oman, as well as non-Gulf Turkey were coming closer to Qatar and even Pakistan now may think twice about joining a Saudi-led “Arab NATO”. Bin Salman has proven a disaster as a defense strategist, as proven in the Yemen debacle...


OWON: Empires are always forged in blood.

Blood on the tracks of the New Silk Roads

Qatar chaos sends ripples of economic anxiety across the region.

China’s cardinal foreign policy imperative is to refrain from interfering abroad while advancing the proverbial good relations with key political actors – even when they may be at each other’s throats.

Still, it’s nothing but gut-wrenching for Beijing to watch the current, unpredictable, Saudi-Qatari standoff. There’s no endgame in sight, as plausible scenarios include even regime change and a seismic geopolitical shift in Southwest Asia – what a Western-centric view calls the Middle East.

And blood on the tracks in Southwest Asia cannot but translate into major trouble ahead for the New Silk Roads, now rebranded Belt and Road Initiative (BRI).

When he said, on the record, “I decided … the time had come to call on Qatar to end its funding [of terrorism]”, President Trump essentially took credit for the Saudi/UAE-orchestrated excommunication of Doha, the aftermath of his now notorious sword dance in Riyadh.

Trump’s senior staff though maintains that Qatar never came up in discussions with the Saudis. Secretary of State Rex Tillerson, former Exxon-Mobil CEO and a certified old Middle East hand, has done his best to defuse the drama – conscious there would be no reason for Qatar to continue hosting Al Udeid Air Base and Centcom to a hostile superpower...


OWON: What a Bummer. New respect for toilet paper.

Is your toilet paper secretly destroying your prostate health?

If you suffer from prostate problems, then you may have heard that they're caused by DHT (di-hydro-testosterone). But did you know that your toilet paper could also be to blame? It's true!

Here's why…

Scientists have found that many brands of toilet paper contain a toxic chemical called BPA.You may know BPA as a chemical found in plastics. It's in water bottles, food containers, and even baby toys. And guess what? It's also in toilet paper, thanks to contamination during the recycling process!

You see, many toilet papers are made from recycled paper. And some of the papers being recycled come from magazines, credit card receipts, and other papers that are coated with plastic. As a result, BPA makes its way into the toilet paper. In fact, a government study found that 81% of all paper products contain BPA in them!1

Research shows that BPA is easily absorbed into the body through contact with the skin.2 And with toilet paper, it's even worse than regular paper. Why? Because you're wiping with toilet paper onto your anus. Not only is your anus right next to your prostate, but it contains lots of blood vessels.

So when you're wiping with BPA-laden toilet paper, the toxin goes right into your bloodstream. It's as if you were giving yourself a BPA suppository!

When BPA goes into your bloodstream, it can wreak havoc on your prostate health and sexual function. This has been demonstrated in several studies...


OWON: Eurasia rises to challenge the West.

If we don't get it, we will lose to it.

United Eurasia: the Globalists' nightmare turns real

What happened

India and Pakistan are officially accepted into the Shanghai Cooperation Organization (SCO). Iran has come close to this status. In addition to it, Afghanistan, Byelorussia, and Mongolia remain observers of the SCO, while the status of partners is in the dialoguewith Azerbaijan, Armenia, Cambodia, Nepal, Turkey and Sri Lanka.

Thus, taking into account partnerships, alliances, trade and political rapprochement - almost all of Eurasia was in the sphere of influence of the SCO. This is a historic moment - the world has become closer to multipolarity.

Waiting for a reaction

It is to be expected that this historic event will become a red rag for the "Atlantic" bull. The Atlantic bloc has already lost many of its former spheres of influence, so we should expect an increase in anti-Russian policy and a new wave of aggression against Eurasia in the field of hybrid wars.


OWON: Scientists have now discovered human brains work in up to 11 dimensions. Apart from the Bushes.

The human brain can create structures in up to 11 dimensions

"We found a world that we had never imagined."

Neuroscientists have used a classic branch of maths in a totally new way to peer into the structure of our brains. What they've discovered is that the brain is full of multi-dimensional geometrical structures operating in as many as 11 dimensions.

We're used to thinking of the world from a 3-D perspective, so this may sound a bit tricky, but the results of this new study could be the next major step in understanding the fabric of the human brain - the most complex structure we know of.

This latest brain model was produced by a team of researchers from the Blue Brain Project, a Swiss research initiative devoted to building a supercomputer-powered reconstruction of the human brain.

The team used algebraic topology, a branch of mathematics used to describe the properties of objects and spaces regardless of how they change shape. They found that groups of neurons connect into 'cliques', and that the number of neurons in a clique would lead to its size as a high-dimensional geometric object.

"We found a world that we had never imagined," says lead researcher, neuroscientist Henry Markram from the EPFL institute in Switzerland...


OWON: Beyond messy and it shows how inept the UK police are. But worse, Security cover ups!

Poison in the System

When a financier dropped dead in Britain shortly after exposing a vast Russian crime, police said it was not suspicious. But with his inquest now underway, BuzzFeed News has uncovered explosive evidence of a suspected Kremlin assassination plot – and a secret assignation in Paris on the eve of his death – that the British authorities have sidelined.

The British government is suppressing explosive intelligence that Alexander Perepilichnyy, a financier who exposed a vast financial crime by Russian government officials, was likely assassinated on the direct orders of Vladimir Putin.

Perepilichnyy, who faced repeated threats after fleeing to Britain, was found dead outside his home in Surrey after returning from a mysterious trip to Paris in 2012. Despite an expert detecting signs of a fatal plant poison in his stomach, the British police have insisted there was no evidence of foul play, and Theresa May’s government has invoked national security powers to withhold evidence from the inquest into his cause of death – which is ongoing...

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