Actually, according to the first detailed estimate of international purchase activity in London by Knight Frank, the percentage of all central London homes that sold for more than 1 million pounds to foreigners in the 12 months through June 2013, was 49% to be exact. And as we showed yesterday when we put China’s loan creation in the context of US and Japanese QE, keeping in mind the use of proceeds of all this newly created inside money has to ultimately go somewhere – that somewhere in this case being London and other global luxury real estate, said percentage is only going to get higher. Especially when one adds Russian, the middle east and other various regions whose oligarchs are desperate to park their money in “safe” havens.
Political and financial upheaval in some of the world’s largest emerging economies is driving a new wave of rich migrants to London’s supercharged property market as a place to park their wealth, data from a leading real estate agency showed on Friday.
Knight Frank, a specialist in upmarket properties, said it had seen online enquiries about British homes from crisis-hit countries such as Argentina, Ukraine and Turkey soar over the past year.
“There is potentially a further wave of investment headed for the prime central London property market,” Tom Bill, associate in the Knight Frank residential research team, told Reuters.
Gabriel Magee, a 39-year-old JP Morgan bank executive, died this morning after he threw himself off the top of the bank’s European headquarters
On Sunday, former Deutsche Bank senior manager, William ‘Bill’ Broeksmit, 58, was found hanging in his home in South Kensington
Both deaths have been ruled non-suspicious by the Metropolitan Police
Magee had lived in London for seven years after transferring from the Unites States with JP Morgan
Broeksmit had been in London many years but still owned an apartment in an exclusive Central Park building in New York
Both were thought highly of by their bosses and colleagues, sources said
Two top ranking American bankers working in senior positions in London have committed suicide in the space of two days.
Gabriel Magee, a 39-year-old JP Morgan bank executive, died early this morning after he jumped 500ft from the top of the bank’s European headquarters. His body was discovered on the ninth floor roof, which surrounds the 33-story Canary Wharf skyscraper.
Just two days earlier, on Sunday, fellow American banker, William ‘Bill’ Broeksmit, 58, was found hanging in his South Kensington home.
Broeksmit – who retired last February – was a former senior manager at Deutsche Bank and had lived in London many years. He started working for the bank in 1996 but left for a period of 7 years before returning in 2008.
Bankers committing suicide by jumping from the rooftops of their own banks is something that we think of when we think of the Great Depression. Well, it just happened in London, England. A vice president at JPMorgan’s European headquarters in London plunged to his death after jumping from the top of the 33rd floor. He fell more than 500 feet, and it is being reported by an eyewitness that “there was quite a lot of blood“. This comes on the heels of news that a former Deutsche Bank executive was found hanged in his home in London on Sunday. So why is this happening? Yes, the markets have gone down a little bit recently but they certainly have not crashed yet. Could there be more to these deaths than meets the eye? You never know. And as I will discuss below, there have been a lot of other really strange things happening around the world lately as well.
The US may be blanketed in freezing cold, but the UK is already preparing for what should be a hot, dry summer. Either that, or the request of London mayor Boris Johnson to distribute water cannon on the street of the capital may be an indication that at least some major municipal centers are preparing for a jump in civil disobedience and are looking for appropriate, “non-lethal” means to contain it.
SkyNews reports that “the London Mayor says the weapons will be used only in “the most extreme circumstances”, however, there are fears the cannon could be deployed to break up small-scale legitimate protests. Mr Johnson says the water cannon are necessary in case there is a repeat of the summer riots of 2011.” Continue reading »
If you thought you had seen it all when it comes to sob stories of the “super rich” following the comparison of the criticisms of banker bonuses to the lynching of black people in the south by AIG’s CEO in September, think again. The latest groveling, inane defense of the “super rich” comes from none other than the gatekeeper of the largest oligarch whorehouse on planet earth. The Mayor of London, Mr. Boris Johnson.
Now I warn you, do not read the following Op-Ed on a full stomach. The vapid, nonsensical, Onion-like prose may very well induce fits of nausea and uncontrolled regurgitation. This is quite frankly one of the worst things I have ever read in my life. It echoes like a sort of grandiose ass-kissing ritual one would have encountered in a Middle Age court from an aspiring manservant of the realm, desperately trying to rapidly advance a coupe of notches up the social strata of some decadent feudal kingdom. Simply put, Boris Johnson should be ashamed to show his face in public after writing such disingenuous garbage.
The great thing about being Mayor of London is you get to meet all sorts. It is my duty to stick up for every put-upon minority in the city – from the homeless to Irish travellers to ex-gang members to disgraced former MPs. After five years of slog, I have a fair idea where everyone is coming from.
If you’ve just moved into a newly built apartment in central London, don’t be perplexed if your neighbors speak mostly Chinese.
Market-cooling measures in Asia have helped fuel interest in London’s real estate market—long a popular destination for property buyers on the prowl, says property consultancy Knight Frank. Last year, overseas buyers spent $3.5 billion on apartments undergoing construction in central London, up 22% from the year earlier.
Together, buyers from Singapore and Hong Kong snapped up nearly 40% of all such apartments in central London. Adding in buyers from Malaysia and mainland China, Asian buyers accounted for roughly half of all purchases. By comparison, U.K. buyers made up just 27% of all purchases of apartments under construction, according to Knight Frank’s latest figures. Such figures were generally consistent with those seen in 2011.
The Austrian central bank keeps most of its 280 metric tons of gold reserves in the United Kingdom, Vice Governor Wolfgang Duchatczek was quoted as saying in the finance committee of the country’s parliament today, according to Bloomberg.
Answering lawmakers’ questions, Duchatczek said 80%, or 224.4 metric tons of the metal was stored in the U.K., 17% or 48.7 metric tons in Austria and 3% in Switzerland, according to a summary of a closed-door committee meeting provided by the parliament.
The reserve has been unchanged since 2007, Duchatczek was quoted as saying. The central bank has earned 300 million euros ($385 million) over the last ten years by lending the gold, he said.
As every Olympic athlete knows, size matters. The London 2012 medals are the largest ever in terms of both weight and diameter – almost double the medals from Beijing. However, just as equally well-known is that quality beats quantity and that is where the current global austerity, coin-clipping, devaluation-fest begins. The 2012 gold is 92.5 percent silver, 6.16 copper and… 1.34 percent gold, with IOC rules specifying that it must contain 550 grams of high-quality silver and a whopping 6 grams of gold. The resulting medallion is worth about $500. For the silver medal, the gold is replaced with more copper, for a $260 bill of materials. The bronze medal is 97 percent copper, 2.5 percent zinc and 0.5 percent tin. Valued at about $3, you might be able to trade one for a bag of chips in Olympic park if you skip the fish.
Though Olympic gold is no longer 100 percent gold, a medal can still fetch big money. In 2010, a gold medal worn by Mark Wells, a member of the 1980 “Miracle on Ice” U.S. men’s hockey team, was auctioned off for $310,700. Several years before that, Wells had sold his medal to cover medical expenses. Just before the auction, the medal was valued at $100,000 but it earned three times that amount. Heritage Auctions of Dallas identified the 2010 buyer as a rancher from the western U.S.
The question remains – with the minimum 103 medals expected to be won by US athletes, will Bernanke be forced to reduce the size of NEW QE as ‘all that precious metal is horded and repatriated back to the USA’?
Olympic bosses have promised to investigate major sponsors after banks of empty seats were spotted at several sold-out Games venues today.
Several high-profile venues, including the Aquatics Centre in the Olympic Park and the gymnastics arena in North Greenwich, had rows of empty seats during morning sessions on the first day of the Games.
We see this as part of a pattern of escalation by Israel, carefully orchestrated terrorism which may well culminate in an attack on the London Olympics as has been predicted by many. Nothing less could bring about the result Netanyahu desires, a massive US and NATO air attack on Iran, and note this carefully, not an attack on Syria.
The video below describes how Israeli contractors are sabotaging London Olympic security. Highly credible source:
It is our opinion that this is a valid news story. We believe the attack on Clinton is related to the current political upheaval in Israel, an attempt to kill Clinton, blame Iran and take the focus off the domestic political meltdown.
We also feel the bus attack in Bulgaria, killing 6 Israeli citizens is highly suspect for the same reasons as well.
Israeli radio broke the story Sunday night, midnight, but never mentioned it again. This has been confirmed by sources inside Israel
The real story as we have been able to learn is this; About 16 hours ago, Secretary Clintons convoy, traveling from Tel Aviv to Jerusalem, was attacked. There would have been a minimum of 3 to 5 vehicles, with Clinton probably traveling in a bulletproofed Chevy Tahoe or Israel built Toyota Land Cruiser.
This follows the story earlier of an attack on a bus loaded with Israeli tourists that exploded in Bulgaria. Six were killed. Netanyahu said he would respond by attacking Iran. It is our opinion that this was a Mossad “false flag” operation much as was the Clinton assassination attempt. Bulgarian security services are trained by the Mossad. There are dozens of Mossad agents operating in Bulgaria which still has in place massive Soviet era security services that follow all tourists and check on every “overnight” guest in Bulgaria.
In fact, you can’t leave Bulgaria without meal and hotel receipts being reviewed. Bulgaria is considered, next to North Korea, the most “watchful” nation on earth.
There has never been evidence of any Iranian security personnel operating in Eastern Europe though Iran could, if they chose, claim retaliation for the murder inside Iran of a number of scientists and their families, acts openly admitted to by Israel. Iran has, however, made no such threats.
Coincidentally, the attack on Clinton was within hours of her statement in support of Israel regarding the Bulgarian attack. We do not believe in coincidences and find the timing of these events and the arrival of the USS Stennis, another American aircraft carrier in the Persian Gulf, to be coincidental also.
Were Secretary Clinton murdered as intended, Iran would have been blamed also as would Iran have been blamed for the US Navy’s attack on a Dubai fishing boat which failed to sink, a boat the Navy said was “Republican Guard” but returned to Dubai with dead and wounded fishermen who were gunned down, unarmed by American .50 caliber machine gun rounds.
In making these statements, which will surprise none of the world’s intelligence community, we expect reprisals from Mossad based press management and intimidation groups, such as the one that suppressed the Clinton murder attempt.
A white Citroen DS, a French car built (assembly plant in Israel) drove alongside the convoy and opened up on Clinton’s vehicle with automatic weapons fire.
Normal security procedures should have prevented any vehicle on open regions from coming within 200 meters of Clinton. Additionally, the Secretary of State would have traveled with Apache helicopter air support above while on open highway.
Thus, the concept of a cheap French sedan with plastic wheels and a 1 litre deisel engine escaping such an incident is fanciful.
The translation of the intercepted Reuter’s story from Israel is below.
We list probability of the story being high and that networks are being asked to suppress the incident as an embarrassment to Israel.
Reports are coming in, to Israeli blogs, radio and TV that red flares and illumination is seen at the “alleged ” site.
This is the first visit by Secretary Clinton to Israel in two years: Israeli sources reported that the procession of Hillary Clinton Secretary of State was fired on yesterday, while passing through on the road to Jerusalem – Tel Aviv,” states Al-Alam News. According to information published by the site ‘Reuters’, the car was a white‘Citroen’. The assassition team approached the Clinton convoy and opened up with multiple automatic weapons. Secretary Clinton was not injured but members of the security staff spoke with press, leading to a news announcement in Israel which was quickly denied. Citizens of the region noted the area under “illumination” used, either artillery or dropped from aircraft.
One of Britain’s last great independent financial markets has agreed to sell itself to China.
The 137-year-old London Metal Exchange has agreed a £1.4bn takeover from Hong Kong Exchanges and Clearing (HKEx) after a nine-month auction process which saw bids from InterContinental Exchange, CME Group and NYSE Nasdaq.
The deal will mean massive windfalls for the LME’s largest shareholders, JP Morgan, Goldman Sachs and Metdist, the metal brokerage owned by the LME’s former chairman Raj Bagri’s family.
UFO expert Nick Pope says massive summer events like the Olympics would be a prime time for an alien encounter
Ministry of Defence ‘has planned for the worst outcomes – attack and invasion’
‘We should be prepared for even the most seemingly unfathomable’
One of the UK’s top UFO experts has given his views on the likelihood of aliens suddenly appearing in our skies – and how the international community would respond.Nick Pope, who has more than two decades under his belt at the Ministry of Defence, said mass summer events – like the Olympic Games in London – would be a prime time for crafts from otherworlds to present themselves to mankind.
He warned: ‘With the summer of mass events we are all on high alert for terrorism. But we must also cast our eyes further afield and be prepared for even the most seemingly unfathomable.”
* Euro zone turmoil pushes property buyers to London
* Buyers from southern Europe to the fore
* “The Greeks are coming”
LONDON — Worsening financial and political turmoil in southern Europe caused a surge of interest in London property last month with buyers from Greece and Spain showing strongly among investors seeking a safe haven for their money.
The number of Greeks searching for homes costing more than 1.5 million pounds ($2.4 million) on the website of property agent Savills jumped 39 percent in April compared with the average of the preceding six months, the company said.
“The reason Greeks are coming is very simple,” said Dinos Joannou, a 65-year-old Cypriot who works in the Athenian Grocery in the Bayswater district of London and has seen growing numbers arrive this year. “Greece is screwed, there are no jobs and it has been run by crooks.”
The number of Europeans buying property in London has grown steadily over the last year as the euro zone debt crisis has worsened but numbers spiked ahead of elections in Greece last weekend that failed to produce a government.
Secrets In Plain Sight is an awe inspiring exploration of great art, architecture, and urban design which skillfully unveils an unlikely intersection of geometry, politics, numerical philosophy, religious mysticism, new physics, music, astronomy, and world history.
Exploring key monuments and their positions in Egypt, Stonehenge, Jerusalem, Rome, Paris, London, Edinburgh, Washington DC, New York, and San Francisco brings to light a secret obsession shared by pharaohs, philosophers and kings; templars and freemasons; great artists and architects; popes and presidents, spanning the whole of recorded history up to the present time.
As the series of videos reveals how profound ancient knowledge inherited from Egypt has been encoded in units of measurement, in famous works of art, in the design of major buildings, in the layout of city streets and public spaces, and in the precise placement of obelisks and other important monuments upon the Earth, the viewer is led to perceive an elegant harmonic system linking the human body with the architectural, urban, planetary, solar, and galactic scales.
“The individual is handicapped by coming face-to-face with a conspiracy so monstrous he cannot believe it exists.”
- J. Edgar Hoover, ex-FBI director on the New World Order conspiracy
“Thus, in setting an American agenda for a New World Order, we must begin with a profound alteration in traditional thought.” – Joe Biden
“The world can therefore seize the opportunity to fulfill the long-held promise of a New World Order where diverse nations are drawn together in common cause to achieve the universal aspirations of mankind.” – George Herbert Walker Bush
“The developing coherence of Asian regional thinking is reflected in a disposition to consider problems and loyalties in regional terms, and to evolve regional approaches to development needs and to the evolution of a New World Order.” – Richard Nixon
“We shall have world government whether or not you like it, by conquest or consent.” – Statement by Council on Foreign Relations (CFR) member James Warburg to The Senate Foreign Relations Committee on February 17th, l950
“The threat of environmental crisis is the ‘international disaster key’ to unlock the New World Order.”
- Mikhail Gorbachev “By the end of this decade we will live under the first One World Government that has ever existed in the society of nations … a government with absolute authority to decide the basic issues of human survival. One world government is inevitable.” – Pope John Paul II
“We are on the verge of a global transformation. All we need is the right major crisis and the nations will accept the New World Order.” – David Rockefeller
“Countless people… will hate the new world order… and will die protesting against it… When we attempt to evaluate its promise, we have to bear in mind the distress of a generation or so of malcontents…” – H.G. Wells, The New World Order (1939)
“National Socialism will use its own revolution for establishing of a new world order.” – Adolf Hitler
“My country’s history, Mr. President, tells us that it is possible to fashion unity while cherishing diversity, that common action is possible despite the variety of races, interests, and beliefs we see here in this chamber. Progress and peace and justice are attainable. So we say to all peoples and governments: Let us fashion together a new world order. “ – Henry Kissinger, in address before the General Assembly of the United Nations, October 1975)
“Today, America would be outraged if U.N. troops entered Los Angeles to restore order. Tomorrow they will be grateful! This is especially true if they were told that there were an outside threat from beyond, whether real or promulgated, that threatened our very existence. It is then that all peoples of the world will plead to deliver them from this evil. The one thing every man fears is the unknown. When presented with this scenario, individual rights will be willingly relinquished for the guarantee of their well-being granted to them by the World Government.” – Henry Kissinger, Bilderberger Conference, Evians, France, 1991
“…This regionalization is in keeping with the Tri-Lateral Plan which calls for a gradual convergence of East and West, ultimately leading toward the goal of ‘one world government’….National sovereignty is no longer a viable concept… “ – Zbigniew Brzezinski
“I am delighted to be here in these new [Council on Foreign Relations] headquarters. I have been often to, I guess, the mother ship in New York City, but it’s good to have an outpost of the Council right here down the street from the State Department. We get a lot of advice from the Council, so this will mean I won’t have as far to go to be told what we should be doing and how we should think about the future.” – Hillary Clinton
“The drive of the Rockefellers and their allies is to create a one-world government combining supercapitalism and Communism under the same tent, all under their control…. Do I mean conspiracy? Yes I do. I am convinced there is such a plot, international in scope, generations old in planning, and incredibly evil in intent.” – Congressman Larry P. McDonald, 1976, killed in the Korean Airlines 747 that was shot down by the Soviets
“The renewal of the nonproliferation treaty was described as important ‘for the welfare of the whole world and the new world order. “ – President Hosni Mubarak of Egypt, in The New York Times (April 1995)
“The entire world situation did not develop properly,” said Gorbachev. “We saw deterioration where there should have been positive movement. My friend the late Pope John Paul II said it best. He said, ‘We need a new world order, one that is more stable, more humane, and more just.’ Others, including myself, have spoken about a new world order, but we are still facing the problem of building such a world order…problems of the environment, of backwardness and poverty, food shortages…all because we do not have a system of global governance.”
“As we are addressing these challenges, these problems raised by these protest movements, we will gradually find our way towards a new world order.”
Tunnelling work is about to begin on a grand scale in London as the £16bn Crossrail project gets set to build 26 miles (42km) of tunnels beneath the capital.
The first of eight highly specialised Tunnel Boring Machines (TBM), which each weigh nearly 1,000 tonnes, is being positioned at Royal Oak in west London. From here it will begin its slow journey east, as it carves out a new east-west underground link. The scheme is currently the largest civil engineering project in Europe.
More than 10,000 Olympic athletes and their coaches are having fingerprints and face-scans taken by UK officials around the world in the biggest operation of its type to prevent the London Games being targeted by illegal immigrants or terrorists.
Ministers fear that besides the vast numbers of genuine “Games family members (GFMs)” – not only an estimated 10,500 athletes but their training teams, accredited media and officials – would-be terrorists or illegal immigrants could use the influx of people at Heathrow in the days before the Games start on 27 July to get into Britain.
A temporary terminal at Heathrow is already being built to try to take the strain of the 20,000 accredited people as well as millions of ticketholders and visitors.
The Government is to step up the national terror threat to “severe” during the 16-day Games, meaning an attempted attack is highly likely.
Number greater than deployment in Afghanistan but defence secretary insists it will not affect operational capabilities
Up to 13,500 military personnel will be on duty in London and across the country during the Olympic Games next summer, the government has revealed, including 7,500 to boost the number of security staff inside Olympic venues.
The number is greater than the 9,500 deployed in Afghanistan, although the defence secretary, Phillip Hammond, insisted the large call on the armed forces would not affect operational capabilities elsewhere.
Hammond also revealed that the Royal Navy’s largest ship, 22,500-tonne helicopter carrier HMS Ocean, would be based in Greenwich for the duration of the Games, while assault vessel HMS Bulwark would be moored in Weymouth, where the sailing events will take place.
An “appropriate and scaleable” air security plan includes Typhoon aircraft at RAF Northolt, helicopters operating from HMS Ocean and “appropriate” surface to air missile systems.
On November 30 London Metropolitan Police unveiled a ‘Protable Berlin Wall’ style dividing wall that shocked and appalled Londoners who were marching on occasion of a peaceful strike against austerity measures by UK government.
London police has been under pressure this year with a succession of social unrest riots, protests and occupy camps and it may have overdone their response by acquiring array of weaponry including Taser guns, rubber bullets and now this Berlin Wall.
• Full-scale alert as violence spreads across capital
• Disorder breaks out in Birmingham city centre
• Prime minister, mayor and home secretary return
The prime minister cut short his holiday and flew back to Britain as London witnessed devastating scenes of violence stretching the emergency services beyond limit on a third night of rioting in the capital.
Buildings were torched, shops ransacked, and officers attacked with makeshift missiles and petrol bombs as gangs of hooded and masked youths laid waste to streets right across the city.
The sheer number of incidents – including in Hackney, Croydon, Peckham, Lewisham, Clapham and Ealing – seemingly overwhelmed the Metropolitan police at times, who had poured 1,700 extra officers onto the streets.