The U.S. Supreme Court ruled Monday in favor of biotech giant Monsanto, ordering Indiana farmer Vernon Hugh Bowman, 75, to pay Monsanto more than $84,000 for patent infringement for using second generation Monsanto seeds purchased second hand—a ruling which will have broad implications for the ownership of ‘life’ and farmers’ rights in the future.


In the case, Bowman had purchased soybean seeds from a grain elevator—where seeds are cheaper than freshly engineered Monsanto GE (genetically engineered) seeds and typically used for animal feed rather than for crops. The sources of the seeds Bowman purchased were mixed and were not labeled. However, some were “Roundup Ready” patented Monsanto seeds.


The Supreme Court Justices, who gave Monsanto a warm reception from the start, ruled that Bowman had broken the law because he planted seeds which naturally yielded from the original patented seed products—Monsanto’s policies prohibit farmers from saving or reusing seeds from Monsanto born crops.


Farmers who use Monsanto’s seeds are forced to buy the high priced new seeds every year.


Ahead of the expected ruling, Debbie Barker, Program Director for Save Our Seeds (SOS), and George Kimbrell, staff attorney for Center for Food Safety (CFS), asked in an op-ed earlier this year, “Should anyone, or any corporation, control a product of life?”:
Bowman had argued that he was respecting his contract with Monsanto, purchasing directly from them each year, but couldn’t afford Monsanto’s high prices for his riskier late season crops. Bowman’s defense argued that Monsanto’s patent was “exhausted” through the process of natural seed reproduction and no longer applied to Bowman’s second generation seeds.


“If they don’t want me to go to the elevator and buy that grain,” Bowman had stated, “then Congress should pass a law saying you can’t do it.”
The Center for Food Safety released a report in February which shows three corporations control more than half of the global commercial seed market.


As a result, from 1995-2011 the average cost to plant 1 acre of soybeans rose 325%.
As AP reports, more than 90 percent of American soybean farms use Monsanto’s “Roundup Ready” seeds, which first came on the market in 1996.

Vandana Shiva, an expert on seed patents and their effects on farmers around the world, wrote recently:

Source: MATT TAIBBI / ROLLING STONE

Conspiracy theorists of the world, believers in the hidden hands of the Rothschilds and the Masons and the Illuminati, we skeptics owe you an apology. You were right. The players may be a little different, but your basic premise is correct: The world is a rigged game. We found this out in recent months, when a series of related corruption stories spilled out of the financial sector, suggesting the world's largest banks may be fixing the prices of, well, just about everything.

You may have heard of the Libor scandal, in which at least three – and perhaps as many as 16 – of the name-brand too-big-to-fail banks have been manipulating global interest rates, in the process messing around with the prices of upward of $500 trillion (that's trillion, with a "t") worth of financial instruments. When that sprawling con burst into public view last year, it was easily the biggest financial scandal in history – MIT professor Andrew Lo even said it "dwarfs by orders of magnitude any financial scam in the history of markets."

That was bad enough, but now Libor may have a twin brother. Word has leaked out that the London-based firm ICAP, the world's largest broker of interest-rate swaps, is being investigated by American authorities for behavior that sounds eerily reminiscent of the Libor mess. Regulators are looking into whether or not a small group of brokers at ICAP may have worked with up to 15 of the world's largest banks to manipulate ISDAfix, a benchmark number used around the world to calculate the prices of interest-rate swaps.

Interest-rate swaps are a tool used by big cities, major corporations and sovereign governments to manage their debt, and the scale of their use is almost unimaginably massive. It's about a $379 trillion market, meaning that any manipulation would affect a pile of assets about 100 times the size of the United States federal budget.

It should surprise no one that among the players implicated in this scheme to fix the prices of interest-rate swaps are the same megabanks – including Barclays, UBS, Bank of America, JPMorgan Chase and the Royal Bank of Scotland – that serve on the Libor panel that sets global interest rates. In fact, in recent years many of these banks have already paid multimillion-dollar settlements for anti-competitive manipulation of one form or another (in addition to Libor, some were caught up in an anti-competitive scheme, detailed in Rolling Stone last year, to rig municipal-debt service auctions). Though the jumble of financial acronyms sounds like gibberish to the layperson, the fact that there may now be price-fixing scandals involving both Libor and ISDAfix suggests a single, giant mushrooming conspiracy of collusion and price-fixing hovering under the ostensibly competitive veneer of Wall Street culture.

The Scam Wall Street Learned From the Mafia

Why? Because Libor already affects the prices of interest-rate swaps, making this a manipulation-on-manipulation situation. If the allegations prove to be right, that will mean that swap customers have been paying for two different layers of price-fixing corruption. If you can imagine paying 20 bucks for a crappy PB&J because some evil cabal of agribusiness companies colluded to fix the prices of both peanuts and peanut butter, you come close to grasping the lunacy of financial markets where both interest rates and interest-rate swaps are being manipulated at the same time, often by the same banks.

"It's a double conspiracy," says an amazed Michael Greenberger, a former director of the trading and markets division at the Commodity Futures Trading Commission and now a professor at the University of Maryland. "It's the height of criminality."

The bad news didn't stop with swaps and interest rates. In March, it also came out that two regulators – the CFTC here in the U.S. and the Madrid-based International Organization of Securities Commissions – were spurred by the Libor revelations to investigate the possibility of collusive manipulation of gold and silver prices. "Given the clubby manipulation efforts we saw in Libor benchmarks, I assume other benchmarks – many other benchmarks – are legit areas of inquiry," CFTC Commissioner Bart Chilton said.

But the biggest shock came out of a federal courtroom at the end of March – though if you follow these matters closely, it may not have been so shocking at all – when a landmark class-action civil lawsuit against the banks for Libor-related offenses was dismissed. In that case, a federal judge accepted the banker-defendants' incredible argument: If cities and towns and other investors lost money because of Libor manipulation, that was their own fault for ever thinking the banks were competing in the first place.

"A farce," was one antitrust lawyer's response to the eyebrow-raising dismissal.

"Incredible," says Sylvia Sokol, an attorney for Constantine Cannon, a firm that specializes in antitrust cases.

All of these stories collectively pointed to the same thing: These banks, which already possess enormous power just by virtue of their financial holdings – in the United States, the top six banks, many of them the same names you see on the Libor and ISDAfix panels, own assets equivalent to 60 percent of the nation's GDP – are beginning to realize the awesome possibilities for increased profit and political might that would come with colluding instead of competing.

Read more: http://www.rollingstone.com/politics...#ixzz2RfhkjURK