Categories » ‘DYSFUNCTIONAL EDUCATION’
May 2nd, 2015 by olddog
By Dana Visalli
May 01, 2015 “Information Clearing House”
I am on a journey through Vietnam with a group of American Vietnam War veterans who now live in Vietnam and work to address some of the profound human problems still caused by a war that ended 40 years ago. Known as VFP Hoa Binh Chapter 160, these men work to help people still being maimed by the estimated one and a half billion pounds of bombs (“ordnance”) dropped by the United States on Vietnam during the war that did not explode at the time they were released (7 million tons, or 14 billion pounds of bombs were dropped on Vietnam and an estimated 10% of them failed to detonate). In addition these American veterans work to help some of the approximately 1 million people (a Red Cross of Vietnam estimate) people born with genetic defects or otherwise disabled or in poor health due to exposure to the 20 million gallons of toxic herbicides sprayed on South Vietnam’s tropical rainforests food and crops. The primary herbicide used was Agent Orange, which contains the known carcinogen dioxin. While the U.S. Environmental Protection Agency denies that dioxin is a mutagen (causing mutant genes), the rate of birth defects in Vietnam as quadrupled since the war.
We visited a number of the victims of unexploded ordnance and toxic herbicides, which brings home the human dimensions of suffering, misery and death that are the inevitable legacy of war. The primary causes of exploding war-era ordnance today are farmers working in their fields and scrap metal collectors. Scrap metal can earn a villager as much as $75 a year–a meaningful sum of money to the impoverished and one of the only sources of income available to them. Nguyen Xuan Thiet in Quang Tri Province made part of his annual income to support his family by collecting and selling scrap metal. In 2005 he found a mortar, and while moving it, it exploded, blowing off both of his legs and one of his hands. For two years after coming home from the hospital he was completely incapacitated. The VFP-sponsored Project RENEW has now supplied him with prosthesis that allows him to walk. His family is so poor that they continue to collect scrap metal for income in spite of the tragedy that befell the father.
Friendship Village just outside of Hanoi is a facility for victims of Agent Orange that was initiated by an American Vietnam War veteran, George Mizo, who later died his own exposure to Agent Orange. The village currently cares for 150 people, many of them children severely disabled with genetic birth defects assumed to be from Agent Orange. Education begins at the most basic level, teaching the physically and/or mentally impaired children how to use the toilet and otherwise keep themselves clean. More advanced students might learn to cook and how to engage in a trade that will offer them some income. There are currently about 125,000 children in Vietnam with birth defects thought to be related to Agent Orange, so the work of Friendship Village barely scratches the surface of the depths of need. This is the third generation of such children; the dioxin–induced deformities are expected to last for several more generations before the chemical breaks down adequately to no longer be a threat to human well-being.
We also visited the Tran Van Tram family of seven. The first son born to the parents of this family, now 30 years old, was a healthy child. The other four children born have severe mental and physical birth defects. They can neither stand nor walk, so they crawl about the house with rigid legs. Because their brains never fully developed nothing they cannot engage with the world around them. They can neither take care of themselves, interact with others nor do work of any kind. These children are between the ages of 18 and 28, so the parents have had to care for their totally incapacitated offspring for all of those long years, mostly with no help whatsoever. Vietnamese peasants are often poorly educated and live with many superstitions, so it is common for them to feel their disabled children are a punishment for some misdeed in life.
There is an intense rainy season in this part of Vietnam, and therefore for these children to use the nearby outhouse they had to crawl through a trail of mud to get there; impoverished peasants cannot afford home improvements. Project RENEW discovered the travail of this family had and has worked to ease their burden, including building a covered cement path to the toilet facilities for the children. The father spoke to express his profound appreciation for this small gift from the American Vietnam veterans. When the mother joined the family for a group picture, she cried inconsolably. The father said she was crying tears of joy, but it is more likely she was overwhelmed from her years of toil to care for her four incapacitated children, and moved by the presence of the only concerned foreigners she had ever encountered.
A young couple in Aloui had a daughter with severe birth defects 17 years ago; then four years ago the father died of a blood disease. Because her daughter cannot control here bodily functions, nor can she stand nor walk, she is spending her life on a wooden pallet in the family’s kitchen/barn building (the family pigs are close by). A VFP-supported group called Hearts of Hue discovered this family and devised a plan to allow the mother to gain access to an income and meaningful work. They supplied the family a pregnant beef cow, and instructed them on how to care for the animal. The original cow was valued at $800, and the calf can be sold after one year for $700–a princely sum in rural Vietnam. They are also instructing the family in how to raise productive forage for the animals, and built a roofed loafing pen where the cattle can stay under cover in the rainy season. In this way a family that had been devastated by the after effects of the war was given renewed hope for a decent life.
Beyond the inestimable amount suffering and death inflicted on the Vietnamese people by the war and its after effects, the destruction wrought to the land, the air and the water of Vietnam by the United States was extreme. ‘Not since the Romans salted the land after destroying Carthage has a nation taken such pains to visit the war on future generations’, wrote Ngo Van Long of the US war against Vietnam. The damage was not the accidental by-product of war, but part of the attrition strategy which deliberately aimed to drive the peasants into the cities in order to deprive the National Liberation Front of a population and food base and safe jungle havens. ‘Tell the Vietnamese,’ said General Curtis LeMay, ‘that we are going to bomb them back to stone age.’
Much of Vietnam was turned into “free fire zones”, into which hurtled immense tonnages of explosives and herbicides. The intention was to crush a peasant army by the profligate use of technologically advanced weapons and techniques. This involved truly massive rural area bombing, chemical and mechanical forest destruction, large-scale crop destruction, destruction of food stores, the destruction of hospitals, and large-scale population displacements; in short, the massive, intentional disruption of both the natural and human ecologies of the region. 5 million hectares, over 40% of the area of South Vietnam, were obliterated or badly damaged.
Machinery known as Rome plows was popular with the American troops. These were large bulldozers equipped with sharpened ten-foot wide blades. Several of them would smash through the forests, linked together with huge chains, uprooting everything in their paths. The Rome plows completely removed the trees and significantly disturbed the topsoil of 325,000 hectares, or 3% of southern Vietnam’s forests.
The flora and fauna of Vietnam have suffered profound losses due first to the destruction of the country’s forests during the war, followed by the needs of a growing population of impoverished and traumatized people afterwards. Here is a sampling of the current condition of some of the large mammals in Vietnam: 1) TheLesser Short-horned Rhinoceros- extinct in Vietnam as of 2011. 2) The Indochinese Tiger- an estimated 10-20 left in Vietnam as of 2010. 3) The Kouprey- a very large ungulate weighing up to 2000 pounds, it was first discovered by the scientific community in 1937, and is now extinct in Vietnam. 4) The Saola- A forest-dwelling bovine found only in Laos and Vietnam, it was discovered by science in 1992. Only one has been seen in Vietnam in the interim, and it died in captivity. 5) The Asian Elephant- Formerly abundant in Vietnam, there are an estimated 75 wild elephants in the country and they are expected to be extinct there within 10 years. 6) Primates- Five of Vietnam’s 19 primate species are on the list of the world’s 25 most critically endangered primates, including the Golden-headed Langur (about 60 left in the world), Delacour’s Langur (about 200 left), the Gray-shanked Douc (600), the Tonkin Snub-nosed Monkey (250), and the Eastern Black-crested Gibbon (110).
If one absorbs the fact that we committed genocide against the 3.5 million of the Vietnamese people that we slaughtered in the American War (this number being one of the most recent estimates), and ecocide upon the natural environment of Vietnam, and takes into account that there was no reason whatsoever for the war, one comes to fully appreciate just how dysfunctional and destructive the human mind and so-called ‘leadership’ can be. It is important to recall that the Vietnam War is not an isolated event. As I wrote about in my previous essay in this series (which can be read online by googling ‘War is God’s Way of Teaching Geography’), just before the destruction of Vietnam we obliterated North Korea; 15 years after Vietnam we were bombing Iraq. Today we are bombing five countries at the same time.
The greatest danger in the world today to the ecological integrity of the biosphere and the sanctity of life is the United States government and the masses of mindless young men who do its bidding, being incapable of thinking for themselves and starving for the identity of the uniform. If that seems like a radical statement, re-read the previous paragraph. At a deeper level the problem is the superstitious, almost religious response of the human mind to external authority. We know power corrupts, but we persist in putting mere mortals in positions of extreme power. The global situation will improve only when we take responsibility for our own financial, ethical and ecological lives, and cease to allow ourselves to be led around by the nose by so-called leaders who are inevitably corrupted by the positions of power into which we ourselves put them.
Civil disobedience is not our problem. Our problem is civil obedience. Our problem is that people all over the world have obeyed the dictates of the leaders of their government and have gone to war, and millions have been killed because of this obedience. Howard Zinn
Every tyranny must necessarily be grounded upon general popular acceptance. In short, the bulk of the people themselves, for whatever reason, acquiesce in their own subjection….If we led our lives according to the ways intended by nature and the lessons taught by her, we should be intuitively obedient to our parents; later we should adopt reason as our guide and become slaves to nobody. Etienne De La Boetie, The Politics of Obedience, written in 1552
History shows that most human beings would literally rather die than objectively reconsider the belief systems they were brought up in. The average man who reads in the newspaper about war, oppression and injustice will wonder why such pain and suffering exists, and will wish for it to end. However, if it is suggested to him that his own beliefs are contributing to the misery, he will almost certainly dismiss such a suggestion without a second thought, Larken Rose, The Most Dangerous Superstition
Dana Visalli is a biologist living in Washington State; his web page is www.methownauralist.com, email email@example.com
Film: The Boy with No Face- https://www.youtube.com/watch?v=C2O7Sp-DoPo (full film)
Film: Lighter Than Orange- https://www.youtube.com/watch?v=wSn02VKm6Ek (3 minute trailer; highly recommended)
Book: Kill Everything That Moves: The Real American War in Vietnam by Nick Turse (required reading)
Book: The Most Dangerous Superstition by Larken Rose (on the question of authority)
Essay on Etienne de la Boetie’s book The Politics of Obediencewww.lewrockwell.com/rothbard/rothbard29.html
Friendship Village- http://www.vietnamfriendship.org/
VAVA- Vietnam Association for Victims of Agent Orange http://vava.org.vn/?lang=en
RENEW- Restoring the Environment and Neutralizing the Effects of War- http://landmines.org.vn/
Out of the thousands of articles I have read in the last ten years, this one is the most applicable to the era in which I am trapped. I have become a misanthropic curmudgeon due to this commitment and abhor the society that accepts the dictates of the tyrants we have submitted to. Given the authority to do so, I would burn alive every politician still living, regardless of his title or reputation, because they could not possibly be innocent of accepting and participating in the status quo. The famous quote in our founding documents “All men are created equal” is the biggest bunch of bull shit ever written.
May 1st, 2015 by olddog
How can there be any semblance of freedom when there are tanks in the streets, military encampments in cities, Blackhawk helicopters and armed drones patrolling overhead?
It was for this reason that those who established America vested control of the military in a civilian government, with a civilian commander-in-chief. They did not want a military government, ruled by force. Rather, they opted for a republic bound by the rule of law: the U.S. Constitution.
Unfortunately, with the Constitution under constant attack, the military’s power, influence and authority have grown dramatically. Even the Posse Comitatus Act of 1878, which makes it a crime for the government to use the military to carry out arrests, searches, seizure of evidence and other activities normally handled by a civilian police force, has been weakened by both Barack Obama and George W. Bush, who ushered in exemptions allowing troops to deploy domestically and arrest civilians in the wake of alleged terrorist acts.
Now we find ourselves struggling to retain some semblance of freedom in the face of police and law enforcement agencies that look and act like the military and have just as little regard for the Fourth Amendment, laws such as the NDAA that allow the military to arrest and indefinitely detain American citizens, and military drills that acclimate the American people to the sight of armored tanks in the streets, military encampments in cities, and combat aircraft patrolling overhead.
Making matters worse, we find out that the military plans to use southwestern states as staging grounds for guerilla warfare drills in which highly-trained military troops equipped with all manner of weapons turn American towns and cities in quasi-battlefields. Why? As they tell us, it’s so that special operations forces can get “realistic military training” in “hostile” territory.
They’ve even got a name for the exercise: Jade Helm 15.
Whether or not Americans have anything to fear from Jade Helm 15, a covert, multi-agency, multi-state, eight-week military training exercise set to take place this summer from July 15 through Sept. 15, remains to be seen.
Insisting that there’s nothing to be alarmed about, the Washington Post took great pains to point out that these military exercises on American soil are nothing new. For instance, there was Operation Bold Alligator, in which in which thousands of Marines and sailors carried out amphibious exercises against “insurgent” forces in Georgia and Florida. Operation Robin Sage had Green Beret soldiers engaging in guerrilla warfare in North Carolina. And Operation Derna Bridge sends Marine special forces into parts of South Carolina and the National Forest.
Yet if Americans are uneasy about this summer’s planned Jade Helm 15 military exercises, they have every right to be.
After all, haven’t we been urged time and time again to just “trust” the government to respect our rights and abide by the rule of law only to find that, in fact, our rights were being plundered and the Constitution disregarded at every turn?
Let’s assume, for the moment, that Jade Helm 15 is not a thinly veiled military plot to take over the country lifted straight out of director John Frankenheimer’s 1964 political thriller Seven Days in May, as some fear, but is merely a “routine” exercise for troops, albeit a blatantly intimidating flexing of the military’s muscles.
The problem arises when you start to add Jade Helm onto the list of other troubling developments that have taken place over the past 30 years or more: the expansion of the military industrial complex and its influence in Washington DC, the rampant surveillance, the corporate-funded elections and revolving door between lobbyists and elected officials, the militarized police, the loss of our freedoms, the injustice of the courts, the privatized prisons, the school lockdowns, the roadside strip searches, the military drills on domestic soil, the fusion centers and the simultaneous fusing of every branch of law enforcement (federal, state and local), the stockpiling of ammunition by various government agencies, the active shooter drills that are indistinguishable from actual crises, the economy flirting with near collapse, etc.
Suddenly, the overall picture seems that much more sinister. Clearly, as I point out in my new bookBattlefield America: The War on the American People, there’s a larger agenda at work here.
Seven years ago, the U.S. Army War College issued a report calling on the military to be prepared should they need to put down civil unrest within the country. Summarizing the report, investigative journalist Chris Hedges declared, “The military must be prepared, the document warned, for a ‘violent, strategic dislocation inside the United States,’ which could be provoked by ‘unforeseen economic collapse,’ ‘purposeful domestic resistance,’ ‘pervasive public health emergencies’ or ‘loss of functioning political and legal order.’ The ‘widespread civil violence,’ the document said, ‘would force the defense establishment to reorient priorities in extremis to defend basic domestic order and human security.’”
At what point will all of the government’s carefully drawn plans for dealing with civil unrest, “homegrown” terrorism and targeting pre-crime become a unified blueprint for locking down the nation?
For instance, what’s the rationale behind turning government agencies into military outposts? There has been a notable buildup in recent years of SWAT teams within non-security-related federal agencies such as Department of Agriculture, the Railroad Retirement Board, the Tennessee Valley Authority, the Office of Personnel Management, the Consumer Product Safety Commission, the U.S. Fish and Wildlife Service and the Education Department. As of 2008, “73 federal law enforcement agencies… [employ] approximately 120,000 armed full-time on-duty officers with arrest authority.” Four-fifths of those officers are under the command of either the Department of Homeland Security (DHS) or the Department of Justice.
What’s with all of the government agencies stockpiling hollow point bullets? For example, why does the Department of Agriculture need .40 caliber semiautomatic submachine guns and 320,000 rounds of hollow point bullets? For that matter, why do its agents need ballistic vests and body armor?
Why does the Postal Service need “assorted small arms ammunition”? Why did the DHS purchase “1.6 billion rounds of hollow-point ammunition, along with 7,000 fully-automatic 5.56x45mm NATO ‘personal defense weapons’ plus a huge stash of 30-round high-capacity magazines”? That’s in addition to the FBI’s request for 100 million hollow-point rounds. The Department of Education, IRS, the Social Security Administration, and the National Oceanic and Atmospheric Administration, which oversees the National Weather Service, are also among the federal agencies which have taken to purchasing ammunition and weaponry in bulk.
Why is the federal government distributing obscene amounts of military equipment, weapons and ammunition to police departments around the country? And why is DHS acquiring more than 2,500 Mine-Resistant Armored Protection (MRAP) vehicles, only to pass them around to local police departments across the country? According to the New York Times:
[A]s President Obama ushers in the end of what he called America’s “long season of war,” the former tools of combat — M-16 rifles, grenade launchers, silencers and more — are ending up in local police departments, often with little public notice. During the Obama administration, according to Pentagon data, police departments have received tens of thousands of machine guns; nearly 200,000 ammunition magazines; thousands of pieces of camouflage and night-vision equipment; and hundreds of silencers, armored cars and aircraft. The equipment has been added to the armories of police departments that already look and act like military units.
Why is the military partnering with local police to conduct training drills around the country? And what exactly are they training for? In Richland, South Carolina, for instance, U.S. army special forces participated in joint and secretive exercises and training with local deputies. The public was disallowed from obtaining any information about the purpose of the drills, other than being told that they might be loud and to not be alarmed. The Army and DHS also carried out similar drills and maneuvers involving Black Hawk helicopters in Texas, Florida, and other locations throughout the U.S., ostensibly in order to provide local police with “realistic” urban training.
What is being done to protect the American populace from the threat of military arms and forces, including unarmed drones, being used against them? Policy analysts point to Directive No. 3025.18, “DefenseSupport of Civil Authorities” (issued on Dec. 29, 2010), as justification for the government’s use of military force to put down civil unrest within the United States.
Why is FEMA stockpiling massive quantities of emergency supplies? On January 10, 2014, FEMA made a statement enlisting the service of contractors who could “supply medical biohazard disposal capabilities and 40 yard dumpsters to 1,000 tent hospitals across the United States; all required on 24-48 hour notice.” This coincides with other medical requests seeking massive amounts of supplies, such as “31,000,000 flu vaccinations,” “100,000 each of winter shirts and pants and the same for summer” and other goods and services requests as well like tarps, manufactured housing units, and beverages. And why does the TSA need $21,000 worth of potassium chlorate, a chemical compound often used in explosives?
Why is the Pentagon continuing to purchase mass amounts of ammunition while at the same time preparing to destroy more than $1 billion worth of bullets and missiles that are still viable?
Moreover, what is really being done to hold the Pentagon accountable for its doctored ledgers, fraud, wasteand mismanagement, which has cost the taxpayer trillions of dollars? According to Reuters, “The Pentagon is the only federal agency that has not complied with a law that requires annual audits of all government departments. That means that the $8.5 trillion in taxpayer money doled out by Congress to the Pentagon since 1996, the first year it was supposed to be audited, has never been accounted for. That sum exceeds the value of China’s economic output.”
Given the similarities between the government’s Live Active Shooter Drill training exercises, carried out at schools, in shopping malls, and on public transit, which can and do fool law enforcement officials, students, teachers and bystanders into thinking it’s a real crisis, how much of what is being passed off as real is, in fact, being staged by DHS for the “benefit” of training law enforcement, leaving us none the wiser? These training exercises come complete with their own set of professionally trained Crisis Actors playing the parts of shooters, bystanders and victims in order to help schools and first responders create realistic drills, full-scale exercises, high-fidelity simulations, and interactive 3D films.
Given that Americans are 110 times more likely to die of foodborne illness than in a terrorist attack, why is the government spending trillions of dollars on “national security”? How exactly is the $75 billion given to various intelligence agencies annually to keep us “safe” being spent? And why is the DHS giving away millions of dollars’ worth of federal security grants to states that federal intelligence agencies ruled have “no specific foreign or domestic terrorism threat”?
Why is the government amassing names and information on Americans considered to be threats to the nation, and what criteria is the government using for this database? Keep in mind that this personal information is being acquired and kept without warrant or court order. It’s been suggested that in the event of nuclear war, the destruction of the U.S. Government, and the declaration of martial law, this Main Core database, which as of 2008 contained some 8 million names of Americans, would be used by military officials to locate and round up Americans seen as threats to national security, a program to be carried about by the Army and FEMA.
Taken individually, these questions are alarming enough. But put them together and they add up to the kind of trouble that the American founding fathers not only warned against but from which they fought to free themselves.
Indeed, when viewed collectively, they leave one wondering what exactly the U.S. government is preparing for and whether American citizens shouldn’t be preparing, as well, for that eventuality when our so-called “government of the people, by the people, for the people” is no longer answerable to “we the people.”
April 30th, 2015 by olddog
By Will Tippens
Every day a new story comes out about something awful a police officer has done. And 99% of the time, nobody seems to care. The death of Freddie Gray in Baltimore, Maryland is just the latest in a constant barrage of public atrocities committed by men in government uniforms. It is not an isolated incident, nor are its circumstances unique, yet much of the public has again been polarized into their usual political factions – the dusty “obey the law and you won’t get hurt” conservatives and the chronically offended “check your riot-shaming privilege” progressives.
But for anyone serious about stopping cops from shooting unarmed men in the back, throwing grenades into baby cribs, tasering eight-year-olds and punching women, including a 9-month pregnant Air Force veteran, the common thread in all of these tragedies should be examined at its roots. It is not racism, patriarchy, lack of funding, or poor training. No, the source of all this brutality is a massively invasive police state.
Since Ronald Reagan declared a “War on Drugs” in 1982, police have steadily become more militarized and intrusive. Every traffic stop is a pretext for a potential search for banned contraband, and an increasing number of stops do not even require particularized reasonable suspicion. There are more than 100 SWAT team raids every single day. The judicial branch has facilitated this evolution, with Supreme Court Justice John Paul Stevens lamenting in 1991 that “this Court has become a loyal foot soldier” in the War on Drugs.
This trend of police aggressiveness has only intensified following 9/11. Unending foreign wars armed policymakers with endless justifications to continue their assault on civil liberties. With the passage of the Patriot Act, warrantless wiretapping and domestic spying became the norm, ushering in an age of unprecedented police presence to accompany a citizenry already hamstrung by little recourse. As Bush said in 2006, “The Patriot Act is vital to the war on terror….[and] will allow our law enforcement officials to continue to use the same tools against terrorists that are already used against drug dealers and other criminals.” On New Year’s Eve in 2011, Obama signed the National Defense Authorization Act (NDAA) into law, defining the entire United States as a “battleground” in the war on terror and providing the president the power to capture and indefinitely detain any American citizen deemed a suspected “belligerent” without a trial or even evidence.
Once you put the current issue of killer cops into context, it becomes clear: Racism did not kill Freddie Gray or Michael Brown or Eric Garner. The policies of a smothering police state did.
An agent of the state, acting on the state’s behalf, using state-granted police privileges to enforce state-created laws, killed each of these men. The same story with Kelly Thomas. And Andrew Lopez. And the thousands of forgotten others deemed ‘justifiable homicides’ over the years – over 377 in 2015 already. It is wholly predictable that when a country has ceded liberty for “security,” the entire relationship a society will have with its law enforcers will fundamentally become adversarial. No longer is a cop’s job to “protect and serve.” Rather, as Radley Balko writes,
“When you arm a cop like a soldier, when you dress ’em like a soldier, when you tell ’em to fight in a war and then send ’em out into a neighborhood that he has no stake in and doesn’t consider himself a part of, you get a very antagonistic, us-versus-them relationship between the officer and that community.”
This ‘us-versus-them’ relationship undoubtedly has had its worst effects on the poorest and most vulnerable communities. Without a doubt, police antagonize black men disproportionately, and that’s inexcusable. But the root question should be why police are antagonizing anyone in the first place. Decades of police militarization, the wars on drugs and terror and an ongoing reduction in privacy and freedom has made America a nation of suspects. The rampant unaccountability of cops is not primarily a race problem – more white people are killed by police than black – it’s an authority problem.
It has been exactly 23 years since the Rodney King riots, but the underlying issues have only intensified, with mob violence and racial division used to further polarize Americans. Don’t fall for the partisan trap. It’s a distraction from the real issue: the state’s monopoly on force versus the individual. When you put the issue of out-of-control police into its proper perspective, it becomes clear that the real war is not on drugs, terror, or even crime – it’s on you, regardless of how much melanin you have in your skin.
Will Tippens is a third-year law student at the University of Memphis Cecil C. Humphreys School of Law and plans to take the Tennessee Bar in July 2015 and enter general private practice. A passionate student of libertarianism and Austrian economics, Will has worked as a research associate with the Nashville based Beacon Center of Tennessee, volunteered for the Ron Paul 2012 campaign and was the president of the Memphis chapter of Young Americans for Liberty from 2012-2013. Follow him on Twitter @willtippens
April 28th, 2015 by olddog
By Michael Snyder
Why in the world has JP Morgan accumulated more than 55 million ounces of physical silver? Since early 2012, JP Morgan’s stockpile has grown from less than 5 millionounces of physical silver to more than 55 million ounces of physical silver. Clearly, someone over at JP Morgan is convinced that physical silver is a great investment.
But in recent times, the price of silver has actually fallen quite a bit. As I write this, it is sitting at the ridiculously low price of $15.66 an ounce. So up to this point, JP Morgan’s investment in silver has definitely not paid off. But it willpay off in a big way if we will soon be entering a time of great financial turmoil.
During a time of crisis, investors tend to flood into physical gold and silver. And as I mentioned just recently, JPMorgan Chase chairman and CEO Jamie Dimon recently stated that “there will be another crisis” in a letter to shareholders…
Some things never change — there will be another crisis, and its impact will be felt by the financial market.
The trigger to the next crisis will not be the same as the trigger to the last one – but there will be another crisis. Triggering events could be geopolitical (the 1973 Middle East crisis), a recession where the Fed rapidly increases interest rates (the 1980-1982 recession), a commodities price collapse (oil in the late 1980s), the commercial real estate crisis (in the early 1990s), the Asian crisis (in 1997), so-called “bubbles” (the 2000 Internet bubble and the 2008 mortgage/housing bubble), etc. While the past crises had different roots (you could spend a lot of time arguing the degree to which geopolitical, economic or purely financial factors caused each crisis), they generally had a strong effect across the financial markets
And Dimon is apparently putting his money where his mouth is.
If Dimon believes that another great crisis is coming, then it would make logical sense to stockpile huge amounts of precious metals. And in particular, silver is a tremendous bargain for a variety of reasons. Personally, I like gold, but I absolutely love silver – especially at the price it is at right now.
Over the past few years, JP Morgan has been voraciously buying up physical silver. Nobody has ever seen anything quite like this ever before. In fact, JP Morgan has added more than 8 million ounces of physical silver during the past couple of weeks alone…
According to a detailed report from The Wealth Watchman JP Morgan Chase has been amassing a huge stockpile of physical silver, presumably in anticipation of a major liquidity event.
They’re baaaaack. Yes, “old faithful” is back at it again!
Of course, they never really left silver, and have been rigging it non-stop in the futures market, but for awhile there, there were at least no admissions of newly-stacked silver being made in their Comex warehousing facilities.
Yet, after a 16 month period of “dormancy” within their Comex warehouse vaults, these guys have returned with a vengeance.
In fact, our old buddies at JP Morgan Chase, not only see value in silver here, but they’re currently standing for delivery in their own house account in such strong numbers, that it commands our attention. Let me show you what I mean.
Here’s a breakdown of the Comex’s most recent silver deliveries to JP Morgan:
April 7th: 1,110,000 ounces
April 8th: 1,280,000 ounces
April 9th: 893,037 ounces
April 10th: 1,200,224 ounces
April 14th: 1,073,000 ounces
April 15th: 1,191,275 ounces
April 16th: 1,183,777.295 ounces
This is a huge bout of deliveries in such a short space of time. In fact, within the realm of Comex world, it’s such an exceptionally large amount, that it even creates quite a spike on the long-term chart of JP Morgan’s vault stockpile:
All in all, JP Morgan has added over 8.3 million ounces of additional silver in just the past 2 weeks alone.
Full report at The Wealth Watchman (via Steve Quayle and Realist News)
So why is JP Morgan doing this?
Do they know something that the rest of us do not?
Meanwhile, JP Morgan Chase has made another very curious move as well. It is being reportedthat the bank is “restricting the use of cash” in some markets, and has even gone so far as to “prohibit the storage of cash in safe deposit boxes”…
What is a surprise is how little notice the rollout of Chase’s new policy has received. As of March, Chase began restricting the use of cash in selected markets, including Greater Cleveland. The new policy restricts borrowers from using cash to make payments on credit cards, mortgages, equity lines, and auto loans. Chase even goes as far as to prohibit the storage of cash in its safe deposit boxes . In a letter to its customers dated April 1, 2015 pertaining to its “Updated Safe Deposit Box Lease Agreement,” one of the highlighted items reads: “You agree not to store any cash or coins other than those found to have a collectible value.” Whether or not this pertains to gold and silver coins with no numismatic value is not explained.
What in the world is that all about?
Why is JP Morgan suddenly so negative about cash?
I think that there is a whole lot more going on behind the scenes than we are being told.
JP Morgan Chase is the largest of the six “too big to fail” banks in the United States. The total amount of assets that JP Morgan Chase controls is roughly equal to the GDP of the entire British economy. This is an institution that is immensely powerful and that has very deep ties to the U.S. government.
Could it be possible that JP Morgan Chase is anticipating another great economic crisis?
We are definitely due for one. Just consider the following chart from Zero Hedge. It postulates that our financial system is ready for another “7.5 year itch”…
JP Morgan certainly seems to be preparing for a worst-case scenario.
What about you?
Are you getting ready for what is coming?
This article first appeared here at the Economic Collapse Blog. Michael Snyder is a writer, speaker and activist who writes and edits his own blogs The American Dream and Economic Collapse Blog. Follow him on Twitter here.
This article may be re-posted in full with attribution.
April 27th, 2015 by olddog
As the 20th-century idols of atheism, humanism and communism have become mainstream and now accepted by most, we are now moving to a contest for the souls and minds of Americans where we now face formidable opponents in godless liberal collectivists, neo-conservative fascists, globalists, New Age religion, Islam and Satanism
No longer are we only threatened from without by a group of balding hard-line Communists – we are now threatened from within – by a group of intelligent, well-dressed globalists who are convincing America and the nations of the world that the only way to lasting world peace is the establishment of a … “New World Order.”
“A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and he carries his banners openly. But the traitor moves among those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not traitor, he speaks in the accents familiar to his victims, and he wears their face and their garments, and he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of a city, he infects the body politic so that it can no longer resist. A murderer is less to be feared.” – Cicero, 42 B.C.
What is the New World Order?
New World Order is a term used to describe the uniting of the world’s superpowers to secure and maintain global peace, safety, and security. Synonymous with the term New World Order are the terms one world government, global governance, globalization, and Agenda 21. All these terms are used interchangeably and at different times to communicate to different audiences. Make no mistake – they all basically mean the same thing.
President Dwight D. Eisenhower warned us in his farewell address to the nation on Jan. 17, 1961 about the New World Order. He spoke of the importance of guarding against the potential influence of the “military industrial complex”, the dangers of massive deficit spending, government influence on scholars, and a “scientific technoligical elite”.
Months later after taking office, President John F. Kennedy explained that he, too, recognized the New World Order; how it worked, who was behind it, and its dangers. He spoke about it in a speech on April 27, 1961. He said, “For we are opposed around the world by a monolithic and ruthless conspiracy that relies on covert means for expanding its sphere of influence–on infiltration instead of invasion, on subversion instead of elections, on intimidation instead of free choice, on guerrillas by night instead of armies by day. It is a system which has conscripted vast human and material resources into the building of a tightly knit, highly efficient machine that combines military, diplomatic, intelligence, economic, scientific and political operations. Its preparations are concealed, not published. Its mistakes are buried not headlined. Its dissenters are silenced, not praised. No expenditure is questioned, no rumor is printed, no secret is revealed.“
The public disclosure of the New World Order was silenced on Nov. 22, 1963 when President Kennedy was cut down by an assassins bullet. Subsequent Presidents Johnson, Nixon, Ford, Carter, and Reagan got the message and little was heard about a New World Order. Instead, the infrastructure of the New World Order were quietly developed while the world succumbed to what Eisenhower called, “the impulse to live only for today, plundering, for our own ease and convenience, the precious resources of tomorrow.”
While the New World Order continued to operate behind closed doors, voices began to emerge in the 1970’s from an awakening liberty movement. In 1972, Gary Allen wrote with Larry Abraham, None Dare Call It Conspiracy. Antony Sutton wrote a series of books exposing the infrastructure of the New World Order including his most important work, America’s Secret Establishment: An Introduction to the Order of Skull & Bones in 1983.
EndGame: Blueprint for Global Enslavement
Alex Jones has been exposing the New World Order for over 17 years and produced a film in 2007 called, EndGame: Blueprint for Global Enslavement. He describes it as basically:
A consortium of six private megabanks that have gotten governments in the western world in the last 200 years to accept unlimited fiat currency they control. They literally control the issuance of currency and credit and are able to take over economies in an unfair trade advantage.
- They are monopolistic and authoritarianin their every move.
- They are anti-human. They are robber barons who have codified their dictatorial activities into a cosmology and world view system known as eugenics. Under modern names, it is known as transhumanism.
- They are pushing a world soviet run by private interests. It is not the communism you have been taught about; is not the true communism. It is a corporate fascism on top, directing a compartmentalized soviet communitarian model on the bottom. Two different systems.
- It is government for and by inbred scientific technocratswho openly, in all their publications, are announcing a planetary world government to shut off resources incrementally until you are disarmed and poor and have no way to resist. Then, from their high tech armored fortresses and underground bunkers will launch drone and robot delivered bio and chemical attacks reducing the world population by up to 99%.
- They have openly announced they have established world government over the entire planet. They are mopping up a few isolated areas to bring them into their globalist control.
- They have backroom deals with Chinaand has pretty much absorbed the communist model there. Russia is a dictatorial authoritarian system, but compared to the anglo-America variety, is not yet eugenics based at this time. The globalists are still contending with them, infiltrating their country, openly trying to overthrow it publicly.
- They are overthrowing the family.
- They are overthrowing any religious systembecause the state has to be god, and has to be replaced with that.
- They are rewriting the genetic codeof humanity and almost every other major species of plant and animal.
- They are destroying the gut flora, so they can come sell us new gut flora making us totally dependant on them – those that are even allowed to live in the next phase before mass extermination.
Their agenda is hidden in plain view. They think you are so stupid, they have written all their plansdown, and have implemented their plans. And, they are following their plan to the tee, although they are six or seven years behind, but are following it all exactly as they said they would.
They believe once they have fully established their New World Order agenda, they will be as gods and will live forever.
Conspiracy Theory or Fact?
New World Order – Time to blow the cover
Many people dismiss the New World Order as a conspiracy theory. In truth, it is neither a conspiracy nor a theory. It may be true there are many conspirators working within the New World Order, in it’s broader application, the New World Order is really more of an agenda by a group of satanic inspired oligarchy of the world’s richest families to dominate, control and manipulate governments, industry and media organizations worldwide. To facilitate the management of this agenda calls for the elimination of 1/2 the world population through war, disease, abortion and famine. As Psalm 2 said, The kings of the earth (governments) rise up and the rulers band together (a conspiracy) against the LORD and against his anointed.
The phrase, “conspiracy theory” was popularized by the CIA in an attempt to discredit those criticizing the Warren Report. (see CIA Document 1035-960). The agency directed it’s members “to employ propaganda assets to [negate] and refute the attacks of the critis.” In a 2009 article, Obama’s former Information Czar, Cass Sunstein considered appropriate government responses to conspiracy theories: What can government do about conspiracy theories? Among the things it can do, what should it do? We can readily imagine a series of possible responses.
1.Government might ban conspiracy theorizing.
2.Government might impose some kind of tax, financial or otherwise, on those who disseminate such theories.
3.Government might itself engage in counterspeech, marshaling arguments to discredit conspiracy theories.
4.Government might formally hire credible private parties to engage in counterspeech.
5.Government might engage in informal communication with such parties, encouraging them to help.
Each instrument has a distinctive set of potential effects, or costs and benefits, and each will have a place under imaginable conditions. However, our main policy idea is that government should engage in cognitive infiltration of the groups that produce conspiracy theories, which involves a mix of (3), (4) and (5).[Sunstein, C. R.; Vermeule, A. (2009). “Conspiracy Theories: Causes and Cures”. Journal of Political Philosophy 17 (2): 202.]
Wake Up Citizens The New World Order is Coming
There is not a New World Order conspiracy. It is an agenda that has been in play for years and is now coming into full view. Wake up fellow citizens!! See what’s happening. Research the New World Order for yourself and prepare yourself… if not for yourself, do it for your children.
Any intelligent person examining history and events occurring today cannot describe it as a theory either, rather the New World Order is clearly documented in historical documents in both the words and actions of world leaders. The modern-day New World Order agenda is not hidden. It has been detailed in documents from the Council of Foreign Relations, Trilateral Commission, Bilderberg Group, Club of Rome, United Nations, World Bank, and the International Monetary Fund.
You are NOW being Prepared (groomed) for the New World Order
A New World Order has been a long time in the making, its pieces fitting into place from divergent realms and with many different players. The Globalists’ agenda is a diabolical program which, through patient gradualism, is slowly draining the spiritual, moral, economic and political life blood from the worlds population.
What Every Christian Should Know about the New World Order
The first attempt to establish a New World Order was by a united humanity of the generations following the Great Flood, speaking a single language and migrating from the east, who came to the land of Shinar and built the Tower of Babel (Genesis 11). Later, Satan tempted even Jesus, promising Him world dominion as His reward (Matthew 4:1-11). This same promise has been given to scores of other men over the ages. History tells of many who have accepted the Great Deceiver’s terms.
The Second Vatican Council (Gaudium et Spes) declared, “It is our clear duty, therefore, to strain every muscle in working for the time when all war can be completely outlawed by international consent. This goal undoubtedly requires the establishment of some universal public authority acknowledged as such by all and endowed with the power to safeguard on the behalf of all, security, regard for justice, and respect for rights. But before this hoped for authority can be set up, the highest existing international centers must devote themselves vigorously to the pursuit of better means for obtaining common security.”
Pope Paul VI wrote in the Encyclical titled, POPULORUM PROGRESSIO, in a section called “Toward an Effective World Authority,” Such international collaboration among the nations of the world certainly calls for institutions that will promote, coordinate and direct it, until a new juridical order is firmly established and fully ratified. We give willing and wholehearted support to those public organizations that have already joined in promoting the development of nations, and We ardently hope that they will enjoy ever growing authority. As We told the United Nations General Assembly in New York: “Your vocation is to bring not just some peoples but all peoples together as brothers. . . Who can fail to see the need and importance of thus gradually coming to the establishment of a world authority capable of taking effective action on the juridical and political planes?
World leaders are excited at the prospects for peace and there has been much talk about entering a “new era” and about the establishment of a “New World Order.”
Adolph Hitler said during World War II, “National Socialism will use its own revolution for establishing a new world order.” While Nazi Germany was destroyed for its hubris, the Nazi ideals of a new world order continue to this day and Hitler’s philosophies are embraced by modern day world leaders. Take a look around you, listen to the rhetoric… today’s modern society is repeating the past and reconstituting much of the Nazi philosophies into more acceptable terms.
“Those who cannot remember the past are condemned to repeat it.” – George Santayana
Just as Adolph Hitler used terror tactics to subdue his competitors, governments today still use those same tactics to dominate their rivals. Just as Hitler’s masterful use of propaganda lulled a population into accepting his draconian agenda, populations today are being tranquilized into the same kind of mindless submission to authority. And Hitler’s Malthusian eugenics policy of a master race is unmistakable still in today’s genetics based transhumanism.
Mikhail Gorbachev was the first modern world leader to come out publicly with talk of a “new world order,” and he did so nearly two years before George Bush caught the vision. In his historic address to the United Nations on December 7, 1988, the Soviet Prime Minister made this dogmatic and even prophetic statement: “Further global progress is now possible only through a quest for universal consensus in the movement towards a new world order.”
New World Order
George Bush proved to be a good and faithful servant of the “brotherhood” in making the “New World Order” agenda a priority focus of his administration. Just before leaving for Helsinki, Finland, early in September 1990 to discuss the Persian Gulf crisis at his summit meeting with Soviet President Gorbachev, President George Bush expressed the hope that “the foundation for the new world order would be laid in Helsinki” and that it would be established under the United Nations.
At the news conference with Gorbachev following their historic meeting, President Bush declared optimistically: “If the nations of the world, acting together, continue as they have been we will set in place the cornerstone of an international order more peaceful than any that we have known.”
The New World Order was next established as a legitimate national agenda in 1993 by a socialist Democrat, Bill Clinton. Both George Bush and Bill Clinton were beholding to the same secret orders, codes and financiers, and as a result, probably engineered the change of Presidents by manipulating the American people to pull the plug on Bush. George Bush may have actually been running a campaign to LOSE the presidency.
Globalists welcomed this as democracy’s finest hour – through manipulation, the democratic system installed a socialist, new age, one-world leader with the charismatic appeal of John F. Kennedy to do their bidding! Few Americans now understand that, what was long planned and covertly implemented, is well on its way to fruition.
During Clinton’s reign, New World Order Socialists publicly came out of the closet in the U.S. House of Representatives. The powerful and popular lobby called the Progressive Caucus now began openly espousing the principles of socialism and publicly signed onto the agenda of the Democratic Socialists of America.
Masterfully using the Hegelian Dialectic, Bill Clinton’s favorite answer to all questions was government. Got a problem? Bill Clinton’s new government program can fix it. Lost your job? Sign up for an employee retraining program. Feeling a little under the weather? A visit to your regional health alliance will shape you up. Having difficulty raising your children? Join our village because “It takes more than a family to raise children.”
Bill and Hillary were introducing Americans to the 21st Century “Brave New World” described by Aldous Huxley in 1932 where humanity lives in a carefree, healthy, and technologically advanced society.
Bread and Circuses
Warfare and poverty are to be eliminated in their “village” and everyone is permanently happy due to government-provided bread and circuses. Clinton advanced the more hedonistic society, deriving pleasure from promiscuous sex and drug use, what Huxley called soma – a powerful psychotropic rationed by the government that is taken to escape pain and bad memories through hallucinatory fantasies, referred to as “Holidays”. Of course, these things are achieved by eliminating many things that we consider to be central to our identity – family, culture, art, literature, science, religion, and philosophy.
“We are redefining in practical terms the immutable ideals that have guided us from the beginning.”– President Bill Clinton
Adam Wisehophf, founder of The Order of the Illumination, designed the very plan of world domination that is still in use today to enslave the world’s masses. Upon establishing his “Order of the Illuminati”, he smugly reflects on his “conning” the gullible Christians of his day, saying:“The most wonderful thing of all is that the distinguished Lutheran and Calvinist theologians who belong to our order really believe that they see in it (Illuminati) the true and genuine sense of Christian Religion. Oh mortal man, is there anything you cannot be made to believe?”
Today, a high percentage of Christians are still being conned in the same way. One prime example of this are the millions of Christians, and most church denominations, who have fallen for the NWO plan of a “One World Religion”, being spearheaded by the United Nations and World Counsel of Churches, behind the battle cry of ecumenicalism.
For fifteen years I studied and compared Calvinist theology to the garbage being promoted over the last hundred years and concluded it was the closest thing to Biblical Christianity. At the close of my studies I was and remain convinced that humanity as it is today does not know God, and the N.W.O. like everything else is totally under his control. If you reject Jesus Christ, there is no hope for you. For us to suffer is nothing in comparison to what he endured for our sake. Therefore, I will fight to the death to promote a FREE WORLD ORDER.
April 24th, 2015 by olddog
BY NEW ZEAL: Trevor Loudon
This, the sixth and final installment of The Betrayal Papers, will explore various projects, schemes, and associations that tie Obama and his associates together. A preponderance of these project are based out of Chicago, the crossroad of the global Left, Islamic “civilization jihad,” and the Communist mafia. The themes to observe in each case are deception, greed, and power.
To have any chance to retain our freedoms and personal safety, we must recognize the depth of the treason from within; we must name the perpetrators and conquer them before they end America.
But first, three profiles of key Obama operatives, and one Maurice Strong.
As Obama’s initial Chief-of-Staff, Emanuel wielded considerable power during Obama’s early years in office, being the de facto gatekeeper to Obama. A former Clinton man, Emanuel ultimately clashed with Valerie Jarrett, leading to his departure from Washington, D.C. and return home to Chicago. Since being elected mayor (a bid supported by Obama & Co.), Emanuel has faithfully served to keep a lid on a number of Chicago-centric scandals that would damage, perhaps fatally, the credibility of the administration.
- Rahm Emanuel is a seasoned political operative in Democrat circles. He served as Bill Clinton’s Senior Advisor for six years, from 1993 through 1998, and three terms as a Congressman from Chicago in the House of Representatives, from 2003-2009.
- During his service with the Clinton administration, Emanuel was part of the failure of Hillarycare, the forerunner to Obamacare.
- Emanuel also served on the board of directors at Freddie Mac during the time of the major Democrat fundraising scandal involving Freddie Mac.
- Emanuel has two brothers, equally influential in their own right. Dr. Ezekiel Emanuel is a Harvard-educated bioethicist and one of the main HYPERLINK “http://www.wsj.com/articles/SB10001424052702303824204579421553914382752″architects of the Obamacare legislation and effort to pass it. He is the individual most associated with the term “death panels.” In 2014, Dr. Emanuel authored an infamous essay about the virtues of dying by the age of 75.
- Ari Emanuel is a Hollywood “superagent” who represents liberal actors (including Ben Affleck and Matt Damon).
- Despite Rahm Emanuel’s bona fides as a connected Democrat who is willingHYPERLINK “http://foreignpolicy.com/2008/11/06/the-five-most-infamous-rahm-emanuel-moments/” HYPERLINK “http://foreignpolicy.com/2008/11/06/the-five-most-infamous-rahm-emanuel-moments/”toHYPERLINK “http://foreignpolicy.com/2008/11/06/the-five-most-infamous-rahm-emanuel-moments/” HYPERLINK “http://foreignpolicy.com/2008/11/06/the-five-most-infamous-rahm-emanuel-moments/”playHYPERLINK “http://foreignpolicy.com/2008/11/06/the-five-most-infamous-rahm-emanuel-moments/” HYPERLINK “http://foreignpolicy.com/2008/11/06/the-five-most-infamous-rahm-emanuel-moments/”dirty, Emanuel could not withstand the force of Obama’s Senior Advisor, Valerie Jarret. The two clashed, with Jarrett emerging victorious, and Emanuel heading back to Chicago to run for mayor.
- Once safely back in Chicago, Emanuel ran for mayor and was supported by the Obama administration. In 2011, he replaced the corrupt Richard Daley. He was reelected in 2015 for a second term, again with administration support.
- It is remarkable that the litany of scandals involving Obama and Chicago seem to have dried up since Rahm Emanuel became mayor. Indeed, the administration has a friend and ally at the top of the Windy City pyramid.
As Attorney General, Eric Holder has served the role of Obama’s pit bull. Holder’s Department of Justice has elevated racial agitation to a high art, political correctness to an Orwellian contact sport, and gun control into a religion. His fingerprints are all over the administration’s various scandals, from Fast and Furious to Ferguson. Like other administration officials, Holder’s history and actions portray a man dedicated to overthrowing Constitutional government.
- Eric Holder was born in the Bronx, New York in 1951. He attended Stuyvesant High School, Columbia University, and received a JD from Columbia Law School in 1976.
- In 1970, then-Freshman Holder participated in a five-day “armed takeover” of Columbia University’s Naval Reserve Officer Training Corps (ROTC) headquarters.
- During the Clinton administration, Holder was the Deputy Attorney General under Janet Reno. He had a reputation as fiercely anti-Second Amendment, and in 1995 even advocated “brainwash[ing] people” (i.e., children) against guns.
- In February 2009, shortly after being sworn in as Attorney General, Holder called America a “nation of cowards” for not discussing racial issues enough for his approval.
- In November 2009, Holder proposed holding the trial of Khalid Sheikh Mohamed (the mastermind behind the September 11, 2001 attacks) in New York City. This never occurred due to a backlash from the public. Deaf to the concerns of citizens, in 2014 Holder reiterated that his position would have been the “right decision.”
- While Holder clearly believes law-abiding American citizens should not own guns, he had no problem arming murderous drug cartels. The Bureau of Alcohol, Firearms, Tobacco, and Explosives, and ultimately Eric Holder’s Justice Department, were behind the crazy idea of arming Mexican drug cartels with hundreds of automatic weapons without tracking devices. The Fast and Furious program resulted in the deaths of hundreds, and perhaps thousands, of innocent Mexicans and Border Patrol Agent Brian Terry.
- In 2012, Eric Holder became the first Attorney General in American history to be held in contempt by the House of Representatives, resulting from his refusal to turn over documents related to the Fast and Furious scandal.
- Holder’s Justice Department has suspiciously scrubbed any mention of “Islam” or “Muslims” from counterterrorism training.
- Whether it was in Florida or Missouri, when black teenagers were killed by gunfire in self-defense, Eric Holder, along with race-baiters Jesse Jackson and Al Sharpton, were there to stir up emotion. In both cases, the shooters (George Zimmerman and Officer Darren Wilson, respectively), were initially threatened with civil rights charges from Holder’s DOJ; this, despite Zimmerman being found not guilty by a jury, and Wilson being no-billed by a grand jury.
- Holder is a proponent of lighter sentencing, shorter HYPERLINK “http://www.cnn.com/2013/08/12/politics/holder-mandatory-minimums/”mandatory minimums, and generally freeing criminals from prison.
- Holder approved illegal wiretapping/eavesdropping of the American press, including Fox News and the Associated Press.
- Journalist Sharyl Attkisson was driven out of CBS News for her inquisitive reporting on Benghazi. In January 2015, Attkisson accused Holder’s Department of Justice of illegally accessing her computer to filtrate files related to her investigations.
- Holder’s DOJ has also been instrumental in forcing local communities to accept mosque construction. According to the Muslim Brotherhood’s Explanatory Memorandum, mosque construction is the first step in Muslim colonization.
- For several years until just recently, Holder held a “sword of Damocles” over General David Petraeus’s head, intending to silence his criticism of Obama’s disastrous Middle East policy. Petraeus was under investigation and being threatened with felony charges in connection with an affair he had with a biographer, with whom he allegedly shared classified documents.
David Axelrod was born in New York City in 1955, the son of two Communists (described by David as “leftist Democrats”). His mother, Myril Bennett, worked for a Communist-infiltrated newspaper, New York-based “PM.” His father, Josef Axelrod, was a psychologist and member of the Communist Party USA. It is for these reasons that Axelrod has been described as a “red diaper baby.”
- Every tyrant has his propagandist. The propagandist spins lies from half-truths, and the bigger the lies, the better. For candidate Obama to get elected to political office, indeed for Obama to rise to the Presidency so quickly and without any qualifying credentials, he needed the expert public relations advice of a seasoned spin-doctor and manipulator of public opinion. This was Axelrod.
- After attending high school at the prestigious Stuyvesant High School in Manhattan (his years there overlapped Eric Holder’s) Axelrod entered the University of Chicago in 1972. Following his graduation, he worked as a journalist for the Chicago Tribune.
- Axelrod first met Obama in 1992 through Project Vote, a community-organizing program directed by Obama which dramatically increased black voter turnout.
- In 2002, Axelrod went to work for Barack Obama as a political consultant, just prior to his run for the U.S. Senate. The early Obama team was in place.
- Just prior to the 2008 Presidential campaign, Axelrod, along with Michelle Obama and Valerie Jarrett, were involved in a “patient dumping” scandal at University of Chicago Hospital. In 2007, through something called the “Urban Health Initiative,” the “non-profit” hospital made more than $100 million. The scheme worked by “redirecting” indigent patients to other hospitals, and thus reserving the beds at University of Chicago Hospital for fully-insured patients.
Maurice Strong is the Canadian billionaire at the center of the United Nations’ plan for “sustainable development.” One of the lead proponents of Agenda 21, this would-be environmental totalitarian made much of his fortune due to a special deal with the Canadian government. In reality, Strong is an oil tycoon who is using his connections to governments, George Soros, and the United Nations to advance an international regulatory regime that would practically end human freedom as we know it.
- In 1976, Canada’s socialist Prime Minister, Pierre Trudeau, asked Strong to head the newly- formed national oil company, PetroCanada. He leveraged his success at PetroCanada and went on to assume the Chairmanship of the Canada Development Investment Corporation, “the holding company for some of Canada’s principal government-owned resources.”
- Prior to striking it rich through Trudeau, Strong was the first Executive Director of the United Nations Environmental Program, UNEP.
- Conceived in 1992, Agenda 21 is an international program for so-called “sustainable development.” As the principal figure in Agenda 21, Strong’s ambitions are bluntly totalitarian. They seek to dictate the minutia of daily life ranging from automobile ownership, through how an individual can use his or her private property, to the inclusion of such restrictive ideas in school curricula for the purposes of indoctrinating children.
- One of Strong’s primary partners in Agenda 21 is none other than George Soros, who has donated millions to implement the agenda on local and municipal levels.
- For the record, Obama benefactor Nadhmi Auchi’s holdings in BNP Paribas put him in the orbit of Strong, a fellow energy magnate.
The Chicago Connection
Notwithstanding the intricacies and nuances of Middle Eastern politics and tribal blood feuds, Chicago, by comparison, is a microcosm of parallel intrigue. For it is through this Midwestern city that Obama’s personal connections come together in a variety of tangled ways.
ACORN, Low Income Housing, and ShoreBank
Description: ACORN is a progressive community-organizing group which, through advocacy and politics, was instrumental in forcing banks to lower mortgage lending standards. This not only contributed to the housing bubble; it also enabled ShoreBank, a small Chicago-based community bank, to profit from these loans.*
Players involved: Obamas, Clintons, Valerie Jarrett, Tony Rezko.
- Obama was once an attorney for ACORN, and Tony Rezko and Valerie Jarrett are both intimately involved in low income housing in Chicago.
- Various associates of the Clintons and the Obamas were connected to ShoreBank. When the housing bubble burst, the Obama administration – in particular, Valerie Jarrett – helped to organize and steer not only government money but also Goldman Sachs capital into the crony coffers of ShoreBank.
* Note: ShoreBank failed in 2010, and following an acquisition, is now known as Urban Partnership Bank.
Chicago Red City
Chicago, the urban hub of the Midwest, was, through much of the 20th century, also Communist central. The city was home to the tireless Communist Frank Marshall Davis, a primary mentor of Barack Obama. In Chicago, an intricate latticework of labor movements, civil rights organizations, and newspapers all carried the Soviet line, recruiting fellow travelers and useful idiots who helped advance the cause of their Soviet utopia.
Players involved: Barack Obama, Frank Marshall Davis, Valerie Jarrett, Bill Ayers, Bernardine Dohrn, David Axelrod.
- In the middle of the Chicago web is Valerie Jarrett and her family’s association with the Communists. Jarrett’s grandfather, Robert Taylor, and her former father-in-law, Vernon Jarrett, were willing tools of Soviet Russia’s operation in the United States. As noted in Part V, the journalist Vernon Jarrett worked with Frank Marshall Davis.
- There are in the Jarrett orbit two other individuals who figure prominently into Obama’s political career. David Axelrod (whose ties with CPUSA are detailed above) took a job as a political consultant to Obama in 2002, prior to his run for U.S. Senate. Jarrett and Axelrod met Obama at approximately the same time (approximately 1992).
- Jarrett and Axelrod began their political union through their common devotion to Chicago Mayor Harold Washington. Washington, Communist sympathizer, was backed by the Democratic Socialists of America, the same Communist-linked party that supported Barack Obama.
- Jarrett’s connection to Bill Ayers, the terrorist who launched Obama’s political career, is more intimate. In 1966, Jarrett’s mother, Barbara Bowman, founded the Erikson Institute, a graduate school in child development. Thomas Ayers, Bill’s father, served on the Board of the Erikson Institute, as did Bill Ayer’s’ wife, Bernardine Dohrn.
The Chicago Climate Exchange
Description: The Chicago Climate Exchange (CCX) is a carbon credit exchange that purports to help the environment by helping to cap carbon emissions and providing a platform on which they can be traded. In reality, the CCX monetizes capped “carbon emissions” and gives financial value to the carbon credits.
If you’ve ever wondered why it is that the myth of global warming/climate change persists despite an avalanche of empirical evidence against it, it is for one reason alone: personal enrichment of a clique of no-growth frauds and liars. Once carbon emission caps are passed into law in the United States or through a treaty via the United Nations, the value of carbon credits will increase exponentially.
The scale of this operation could potentially rival the total existing financial derivatives market and be valued in the trillions of dollars.
Players involved: Barack Obama, Valerie Jarrett, Al Gore, George Soros, John Podesta, John Ayers (brother of Bill), Maurice Strong, Nadhmi Auchi, Henry Paulson, ShoreBank (major shareholder), Franklin Raines (disgraced former Fannie Mae head).
- In 2001, the Joyce Foundation funded Bill Ayers’ brother, John Ayers, to found the CCX. (Recall that the Ayers family has a history in power generation.)
- Obama was on the Board of Joyce at this time (1994-2002). Valerie Jarret was also on the Board of the Joyce Foundation, a position she assumed in 2002.
- Goldman Sachs, which was instrumental in the bailout of ShoreBank, is also a partner in CCX.
- Also connected to the CCX are George Soros, Valerie Jarrett, Bill Ayers, Al Gore, Maurice Strong, and Nadhmi Auchi. This story is worthy on its own of a book-length treatment. For the sake of brevity, a few highlights and key connections will be established to show an array of characters, from progressives to members of the Muslim Brotherhood, are part of the Obama nexus.
- Another investment company involved with CCX was Al Gore’s Generation Investment Management (GIM). In the case of Gore, his connections to Qatar, the Gulf State home of the Muslim Brotherhood, are apropos. When climate crusader Gore liquidated his failed television station CurrentTV, he sold it to the Qataris so they could begin airing Al Jazeera America. Qatar, an energy-rich nation (possessing the world’s third-largest natural gas reserves), has a vested interest in hobbling America’s domestic energy extraction and production. It is no coincidence that Qatar hosts climate change conferences.
- Approximately one year ago the White House, in particular the Soros-run Center for American Progress-connected John Podesta, launched an out-of-the-blue push for climate change legislation. What went unreported at the time was that in the middle of this aggressive effort, Podesta met with a Qatari delegation in Washington.
- Finally, the mysterious Auchi, who snapped up the Pentagon’s power contracts in post-war Iraq, figures into the picture with fellow billionaire Maurice Strong. Strong’s former company, Canada’s Power Corporation, happens to be the center of its own web of power, connected to the United Nations, BNP Paribas (where Auchi was a major shareholder), in the highest echelons of Canadian government. Strong was a Board member on the CCX.
The Cult of Subud
What could tie together the Muslim Brotherhood, the infiltration of American intelligence agencies, an undeclared war to establish the Caliphate, a genocide and annihilation of Christian history, enormous financial benefit to a corrupt political and financial elite, and a president whose own history is more shadowy than moonlit forest?
In the case of Barack Hussein Obama, the evidence points to a little-known Islamic cult: Subud.
Players involved: Barack Obama, Stanley Ann Dunham, George Soros, Maurice Strong, Loretta Fuddy.
- Subud was founded in Indonesia in the 1920s by Muhammad Subuh Sumohadiwidjojo, who claimed to have “received a series of intense and electrifying spiritual experiences that gave him an inner contact with a Higher Power.”
- Subuh took the title “Bapak,” Indonesian for “respected father.” In developing Subud, Subuh was influenced early on by a British military intelligence officer named John G. Bennett, who had traveled extensively in the Middle East.
- Though hardly a household name, Subud is not obscure. It has entries in the Encyclopedia of Islam, The Encyclopedia of Cults, Sects, and New Religions, and has had consultative status with the United Nations since 1989. There are Subud chapters all around the world, including in New York City, in close proximity to Washington, D.C., as well as in Hawaii and Chicago.
- The central teaching of Subud is a process called latihan, which they describe as the “reappearance of a primordial Power hidden within human beings and all creatures.” Although latihan is non-denominational, and although Subud has members of all faiths, Subuh was a Muslim, and many Subud members celebrate Ramadan. Like the Muslim Brotherhood, the movement actively engages in interfaith activities. Moreover, conversion to Islam is not uncommon among Subud members.
- Subud has been a persistent theme in Obama’s life. His mother, Stanley Ann Dunham, was a member of Subud, a fact mentioned in her biography. An official 2011 SubudHYPERLINK “http://www.subudvoice.net/wp-content/uploads/2011/07/SubudVoiceEnglishAug2011.pdf” Voice newsletter features an article about and a picture of Stanley Ann and Barack. Moreover, an immigration document from 1968, an application filled out by Stanley Ann Dunham to extend her 1965 passport for an additional two years, has the name “Soebarkah” appended to Obama’s name. It is speculated that “Soebarkah” was young Obama’s Subud name. (Members of the movement routinely take a Subud name.)
- Subud also has an incredible connection to the ongoing birth certificate controversy. Following Donald Trump’s vociferous calls with an offer of $50 million for its public release in 2011, the State of Hawaii made available Obama’s certificate of live birth (not, as they termed it, his long form birth certificate). The woman who verified and approved the release of the document was Hawaii’s State Health Director, Loretta Fuddy.
- Fuddy was Chairwoman of HYPERLINK “http://www.subudusa.org/Portals/0/Attic/Newsletters/123%20JulyAug06.pdf”SHYPERLINK “http://www.subudusa.org/Portals/0/Attic/Newsletters/123%20JulyAug06.pdf”ubudHYPERLINK “http://www.subudusa.org/Portals/0/Attic/Newsletters/123%20JulyAug06.pdf” USA, based in Seattle, from 2006-2008. Consistent with Obama’s mysterious moniker Soebarkah, Fuddy’s Subud name was “Deliana.” Fuddy, prior to her appointment to the Hawaii Department of Health, co-authored (with two others) a paper which was published out of the University of Illinois at Chicago – the university where faculty lounge politics are under the sway of Professor Bill Ayers.
- In December, 2013 Fuddy was killed when her plane went down off the coast of Hawaii. The entire crash was captured on video. Fuddy was the only fatality of the eight people on the plane.
- Finally, this treatment of Subud would not be complete without at least a mention of the Central Intelligence Agency. Part I of The Betrayal Papers noted that the CIA actually courted the Muslim Brotherhood into its effort to defeat Soviet Communism. Was Subud, which is explicitly (see page 13) anti-Communist, a Muslim Brotherhood ally of the CIA in Indonesia? After graduating from Columbia University, Obama himself was employed by Business International Corp., cited by The New York Times as a CIA-related entity.
The Ties that Bind
What is the glue that ties this motley crew of Obama-connected miscreants together? Here are some additional cross-over points between Obama and his associates.
- Why would George Soros have such an affinity for an Islamic supremacy and terrorist organization? Soros and the Muslim Brotherhood collaborated with Nazi Germany during their formative years. When it comes to destructive politics in the United States today, from the disregard of the rule of law to the intimidation of political opponents and private citizens, it is obvious that the Muslim Brotherhood has a partner in crime in George Soros.
- The leftist Joyce Foundation also funds the (Soros) Tides Foundation. There is a myriad of foundations (Joyce, Tides, the Woods Fund, the Chicago Annenberg Challenge, etc.) that ultimately fund the same leftist causes. They are an intentional shell game designed by progressives to keep the public in the dark about their motives.
- Of all the eccentric philanthropic causes, Subud has inexplicably (or not) captured the attention of both George Soros and Maurice Strong. In 2005, Soros funded Yayasan Usaha Mulia, a Subud humanitarian effort in Indonesia. Strong, meanwhile, donated land in Colorado to the cult.
- Is the residual CIA-Muslim Brotherhood alliance against Communism the key to understanding the enigmatic and traitorous Obama?
An ancient proverb states, “The fish rots from the head.” So it is with the corrupt and infiltrated government of the United States. The people, organizations, and schemes mentioned above and throughout this series of articles are not important. They have been named here only to establish their culpability in the attempted and (thus far) successful destruction of the country.
Obama is the head of this rotten fish. He is, as Winston Churchill put it, “a riddle wrapped in a mystery inside an enigma.” With each investigation into his personal history, only more questions are unearthed. He appears to be a cutout character rather than a man with a true life history. The only consistency in his story is offered by his associates, all of whom are subversives, many whom are evil.
On one side of him is the Muslim Brotherhood. Every step of the way, the Obama administration has enabled these terrorists to overthrow friendly governments and form jihadi armies. Today the Middle East is more volatile than it has been in a century. There is an ongoing genocide of Christians and other minorities, and a rape of humanity’s common cultural heritage in Mesopotamia.
There now exists a crisis in diplomacy. The Islamic State has effectively dissolved borders, and Washington’s new ally, Iran, is quickly filling the void. America’s traditional allies in the region, including Israel, Egypt, Jordan, and Saudi Arabia, do not trust Obama or his destructive minion, John Kerry. America’s allies in Europe have truly never been so skeptical of Washington. Relations with Russia have so deteriorated that war threatens.
On the other side of Obama stands a powerful financial cartel led by George Soros. The cartel’s operations are thoroughly intertwined with the Muslim Brotherhood to such an extent that they support and fund global Islamic jihad. Soros and his associates, to coin a phrase, are “stratoscrats;” they answer to no nation’s laws, they operate across borders, and they are the primary actors behind global regulation by the United Nations. These self-appointed masters of the universe purchase and then use sovereign countries for their own gain; the United States is their latest and crowning acquisition.
These two sides have prevented any meaningful economic recovery. A nation’s government is supposed to strengthen the country, but Obama has intentionally done the opposite. We are historically weak right now, while our enemies grow stronger.
A fifth column is operating the government through regulation of the (formerly) private sector, and deep penetration of the intelligence and security services. Even the venerable, powerful, and highly-respected U.S. military has been hobbled by these criminals.
Rome’s greatest statesman, Marcus Tullius Cicero, witnessed the end of the Roman Republic. Before paying with his life, he spoke to the Roman Senate:
A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murderer is less to fear.
When a country is captured by traitors who write its laws and punish dissenters, it can rightly be regarded as a colony. The people can likewise be regarded not as citizens, but as subjects, or slaves.
The situation we face today is imminently dangerous. We are threatened with the loss of our God-given freedoms. Though the cost may be high, the American people can still secure the blessings of liberty. We must. We owe it to posterity.
In 1776, the Colonists fatefully decided to “dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature’s God entitle them.”
OLDDOG SAY’S “ American’s, stand up and take back your god given rights before the whole world sees your cowardice.”
The Betrayal Papers is a collaborative effort by the Coalition of Concerned Citizens, which includes: Andrea HYPERLINK “https://radiopatriot.wordpress.com/”SheaHYPERLINK “https://radiopatriot.wordpress.com/” King,Dr. Ashraf HYPERLINK “http://www.voiceofthecopts.org/”Ramelah, Benjamin Smith, Brent Parrish, Charles HYPERLINK “http://charlesortel.com/”OrtelHYPERLINK “http://charlesortel.com/”, Chris HYPERLINK “http://www.stopqatarnow.com/”Nethery, Denise Simon, Dick HYPERLINK “http://www.semich912teaparty.org/”Manasseri, Gary Kubiak, Gates of Vienna, Hannah Szenes, IQ al HYPERLINK “http://www.al-rassooli.com/”Rassooli, Right Side News, Marcus Kohan, Mary Fanning, General Paul E. HYPERLINK “http://standupamericaus.org/”Vallely, Regina Thomson, Scott Smith, Sharon HYPERLINK “http://www.thepostemail.com/”Rondeau, TerresaHYPERLINK “http://noisyroom.net/” Monroe-Hamilton,Colonel Thomas Snodgrass, TrevoHYPERLINK “http://www.trevorloudon.com/”r Loudon, Wallace HYPERLINK “http://www.familysecuritymatters.org/authors/detail/wallace-s-bruschweiler”Bruschweiler, and William Palumbo.
April 23rd, 2015 by olddog
By Brandon Smith
Since I began writing analysis for the liberty movement more than eight years ago, I have always said that we will know when the endgame of the globalists is upon us when the criminals come out into the light of day and admit to their crimes. At that moment, it will be because they no longer fear either the repercussions or their plans being obstructed.
As I plan to show in this installment of my series on the hidden fiscal collapse of America, the endgame has indeed arrived. At the very least, the international elites seem to think success is within their grasp, for they now openly expose their own criminality. But they do so in a way that attempts to divert blame or to rationalize their actions as being for the “greater good.”
In Part 4 of this series, I discussed the reality of the false East/West paradigm and the fact that the “conflict” between Eastern and Western interests is nothing more than Kabuki theater constructed by globalists and designed to mesmerize the masses. You see, the problem with most people is that they tend to let their innate sense of tribalism drive them to take sides in war without understanding the fundamental root of that war. In most cases, they believe one side must be “good” and one side must be “bad.” Globalists understand this weakness of human collectivism, and they exploit it as often as possible. They create conflicts from out of the void, conflicts in which BOTH sides are controlled. Then, they let the masses fumble like idiots trying to set the noose around the other guy’s neck.
The East/West paradigm is just another in a long line of false confrontations engineered by the elites, but it is one that is most dangerous to the liberty movement itself. In our rage over the destruction of freedom and prosperity within our own country, some of us have come to assume that the source of all that is unholy bubbles at the heart of U.S. corporate and government activity and that the East is in the midst of some kind of rebellion. This is simply nonsense.
Recently, a reader sent me a link that reminded me of comments made by Rep. Louis T. McFadden, chairman of the House Banking Committee, on May 4, 1933. In the wake of his battle against the Federal Reserve, he said:
“… the treacherous signing away of American rights at the 7-power conference at London in July 1931 … put the Federal Reserve System under the control of the Bank of International Settlements.”
Even in 1933, there were some people who could see that the Federal Reserve was just an errand boy, an economic hit man for a more powerful entity. Sadly, McFadden died in 1936 from coronary thrombosis before he could make any headway in his crusade. The truth he stamped into the public record, though, lives on; and it is a truth that many people just don’t want to hear. It is easier to quantify the threat of the Federal Reserve. It is easier to believe that the Fed either controls the entire game or (for the more sheep-minded citizenry) that the Fed is a harmless “quasi-governmental body.” Many of us in the movement want to believe it is the gateway to the seventh circle of hell because if the Fed dies, then we win. And the Fed appears to be killable, most notably in light of certain actions on the part of the East. Unfortunately, the problem is far more complex.
As McFadden exposed, the Fed is merely a tentacle, one of many slithering at the behest of a larger vampire squid. The Bank for International Settlements appears to be the eye of the leviathan. I have been happy to see that the BIS is gaining more and more attention from the alternative media as a primary threat to the stability of the world. Zero Hedge published a very interesting article on the BIS banking cabal recently, excerpted from a book by Adam LeBor and titled “Meet The Secretive Group That Runs The World.”
Of course, this is not the first exposé on the BIS. Even Harper’s published a surprisingly honest (though only half the story) piece on the bank, titled “Ruling The World Of Money,” back in 1983. In it, the magazine claims that “…the unabashed purpose of its (BIS) elite monthly meetings is to coordinate and, if possible, to control all monetary activities in the industrialized world.”
Any central bank that ends up on the membership roster of the BIS should be for all intents and purposes considered a pawn of the BIS. This includes the central banks of Eastern nations supposedly in opposition to Western power. The very beginning history of the BIS is stained with blood, since it financially played both sides of World War II and aided the funding of the Nazi apparatus. Keep in mind that Germany, Japan and the Allies were all members of the BIS from 1931 on and remained members through the war. Bankers have been pitting countries against each other for a very long time, and they have no loyalties to any particular nation.
The BIS had to fade into the background for a time after its partnership with fascists was made public after the war. So the elites formed yet another monstrosity, the International Monetary Fund, to take its place in the public eye. However, the BIS continues to this day to pull the strings of the world’s central banks and, by extension, the world’s governments.
The strategy of engineered conflict has not changed. I have written numerous articles on the undeniable collusion between Russia and the IMF, including the avid Russian support for the IMF’s new global reserve currency, the Special Drawing Rights. You can read those articles here, here and here.
Vladimir Putin and the Kremlin have continued their love affair with the IMF since 2009, when they called for the SDR to become the world reserve currency.
Last year, Putin reasserted the goal of the BRICS to become more involved (enveloped) in the IMF system:
“In the BRICS case we see a whole set of coinciding strategic interests. First of all, this is the common intention to reform the international monetary and financial system. In the present form it is unjust to the BRICS countries and to new economies in general. We should take a more active part in the IMF and the World Bank’s decision-making system. The international monetary system itself depends a lot on the US dollar, or, to be precise, on the monetary and financial policy of the US authorities. The BRICS countries want to change this.”
I also have been covering the Chinese shift away from the dollar and into the arms of the IMF’s currency basket for years.
The great lie today is that China and Russia are anti-New World Order. Yet as I discussed in my last article, China (and Russia) have consistently called for a global conversion into the SDR basket system, and they want this system to be run by the IMF. The IMF, in turn, has consistently called for the end of the dollar as the world reserve currency and has openly embraced institutions like the new Asian regional bank, the AIIB, which is dominated by China, despite the fact that many people wrongly believe that the AIIB is somehow “competition” to the IMF or World Bank.
This excerpt comes from the International Business Times:
World Bank managing director Mulyani Indrawati told Xinhua in an interview.
“We will definitely open for cooperation with AIIB [sic]. Even now, we are working very closely in the beginning and looking at the setting, principle and framework of this institution.”
She also dismissed worries that the AIIB will compete against the World Bank or existing regional development banks and noted the global need for infrastructure is huge to accommodate multiple organizations.
Speaking at the opening of the China Development Forum in Beijing, IMF chief Christine Lagarde said the IMF would be “delighted” to co-operate with AIIB, and the institutions have “massive” room for cooperation.
More on the history of China and its partnership with the New World Order can be found in James Corbett’s excellent video analysis here.
At the level of international banking and monetary policy, there is absolutely NO indication of any legitimate conflict between the East and the West. Again, such battles are only theater for the masses. But what purpose does this theater serve?
The fake economic war between East and West provides cover and rationale for the true goal of the internationalists: the destruction of the dollar as the world reserve currency and the ascendency of the SDR global monetary system. The endgame of the bankers is, of course, global government. It has been the longtime dream of the Fabian socialists permeating the central banking universe. A global currency system and centralized economic management are first-step psychological weapons against the public. If the world operates on a singular currency mechanism and a singular economic authority, why not have a singular governmental system as well?
The mistake many liberty movement analysts make is the assumption that the internationalists are somehow dedicated to U.S. interests. The idea that globalists have any loyalties to any sovereign government is a ridiculous notion. Fabians hate sovereign separations between nations (as much as they hate individual liberties), and they seek to ultimately destroy all boundaries for the sake of a singular global fiscal-political edifice.
But the elites cannot simply kill the dollar and replace it outright. They need a magic trick, a smoke-and-mirrors hologram, a sexy assistant in a sequined bathing suit and fireworks galore while they pull their global basket reserve out of a top hat. The false East/West paradigm is the perfect distraction. What better way to destroy the dollar and conjure a new world reserve than to pit one block of nations you dominate against the other block of nations you dominate and blame the resulting economic catastrophe on the “barbarism of sovereign nationalism,” which you also plan to erase in due course?
The elites are preparing for this event, and they are not content only to trigger it then sit back and watch it happen. They also hope to construct a new image for themselves as the prophets who tried to warn the world — the financial “sages” who would be our rescuers.
The criminals are coming into the light, and they are wearing the masks of saviors.
Alan Greenspan is now suddenly a staunch promoter of economic caution, warning that “something big … a significant market event …” is about to happen, and that gold is now a good investment as opposed to the dollar.
Janet Yellen has openly conceded that cash is not a convenient store of value.
Jamie Dimon is getting in on the prognosticator action, asserting that another financial crisis is coming.
The IMF now consistently warns of “shadow banking risks” bringing disaster to the economic environment.
The World Bank has been polite enough to warn the public that “now is the time to prepare for the next crisis.”
The BIS now produces statements on a regular basis predicting a possible “violent reversal of global markets,” just as it conveniently alerted the public to the possibility of credit collapse in 2007 right before the derivatives crisis.
Literally every elitist and his drunken uncle now publicly discuss the danger of another market crash. That’s a rather stark reversal from a few years ago when recovery was a mainstream absolute, Bernanke was being called a hero, and fiat stimulus was the fountain of youth. How would they know that such an event is coming? They built the conditions by which a collapse is inevitable, and now they want to purify themselves in the waters of Lake Minnetonka and absolve their institutions of all future ugliness.
I would like to point out, though, that banker warnings of volatility and crisis are generally given far too late for average people to act accordingly. I would also like to point out that the rising chorus of mainstream voices giving predictions of destabilization are also marginalizing and isolating the U.S. and the Federal Reserve as the root cause. The U.S. is nothing more than a storefront for elitist activities. And the Federal Reserve is a tentacle that can be sacrificed if it means achieving total centralization. All signs and evidence point to what the IMF calls the “great global economic reset.” The plans for this reset do not include U.S. prosperity or a thriving dollar.
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April 22nd, 2015 by olddog
By John Whitehead – April 22, 2015
“A government which will turn its tanks upon its people, for any reason, is a government with a taste of blood and a thirst for power and must either be smartly rebuked, or blindly obeyed in deadly fear.” – John Salter
We have entered into a particularly dismal chapter in the American narrative, one that shifts us from a swashbuckling tale of adventure into a bone-chilling horror story.
As I document in my new book Battlefield America: The War on the American People, “we the people” have now come full circle, from being held captive by the British police state to being held captive by the American police state. In between, we have charted a course from revolutionaries fighting for our independence and a free people establishing a new nation to pioneers and explorers, braving the wilderness and expanding into new territories.
To our dismay, we now find ourselves scrambling for a foothold as our once rock-solid constitutional foundation crumbles beneath us. And no longer can we rely on the president, Congress, the courts, or the police to protect us from wrongdoing.
Indeed, they have come to embody all that is wrong with America.
For instance, how does a man who is relatively healthy when taken into custody by police lapse into a coma and die while under their supervision? What kind of twisted logic allows a police officer to use a police car to run down an American citizen and justifies it in the name of permissible deadly force? And what country are we living in where the police can beat, shoot, choke, taser and tackle American citizens, all with the protection of the courts?
Certainly, the Constitution’s safeguards against police abuse means nothing when government agents can crash through your door, terrorize your children, shoot your dogs, and jail you on any number of trumped of charges, and you have little say in the matter. For instance, San Diego police, responding to a domestic disturbance call on a Sunday morning, showed up at the wrong address, only to shoot the homeowner’s 6-year-old service dog in the head.
Rubbing salt in the wound, it’s often the unlucky victim of excessive police force who ends up being charged with wrongdoing. Although 16-year-old Thai Gurule was charged with resisting arrest and strangling and assaulting police officers, a circuit judge found that it was actually the three officers who unlawfully stopped, tackled, punched, kneed, tasered and yanked his hair who were at fault. Thankfully, bystander cell phone videos undermined police accounts, which were described as “works of fiction.”
Not even our children are being spared the blowback from a growing police presence. As one juvenile court judge noted in testimony to Congress, although having police on public school campuses did not make the schools any safer, it did result in large numbers of students being arrested for misdemeanors such as school fights and disorderly conduct. One 11-year-old autistic Virginia student was charged with disorderly conduct and felony assault after kicking a trashcan and resisting a police officer’s attempt to handcuff him. A 14-year-old student was tasered by police, suspended and charged with disorderly conduct, resisting arrest and trespassing after he failed to obey a teacher’s order to be the last student to exit the classroom.
There is no end to the government’s unmitigated gall in riding roughshod over the rights of the citizenry, whether in matters of excessive police powers, militarized police, domestic training drills, SWAT team raids, surveillance, property rights, over-criminalization, roadside strip searches, profit-driven fines and prison sentences, etc.
The president can now direct the military to detain, arrest and secretly execute American citizens. These are the powers of an imperial dictator, not an elected official bound by the rule of law. For the time being, Barack Obama wears the executioner’s robe, but you can rest assured that this mantle will be worn by whomever occupies the Oval Office in the future.
A representative government means nothing when the average citizen has little to no access to their elected officials, while corporate lobbyists enjoy a revolving door relationship with everyone from the President on down. Indeed, while members of Congress hardly work for the taxpayer, they work hard at being wooed by corporations, which spend more to lobby our elected representatives than we spend on their collective salaries. For that matter, getting elected is no longer the high point it used to be. As one congressman noted, for many elected officials, “Congress is no longer a destination but a journey… [to a] more lucrative job as a K Street lobbyist… It’s become routine to see members of Congress drop their seat in Congress like a hot rock when a particularly lush vacancy opens up.”
As for the courts, they have long since ceased being courts of justice. Instead, they have become courts of order, largely marching in lockstep with the government’s dictates, all the while helping to increase the largesse of government coffers. It’s called for-profit justice, and it runs the gamut of all manner of financial incentives in which the courts become cash cows for communities looking to make an extra buck. As journalist Chris Albin-Lackey details, “They deploy a crushing array of fines, court costs, and other fees to harvest revenues from minor offenders that these communities cannot or do not want to raise through taxation.” In this way, says Albin-Lackey, “A resident of Montgomery, Alabama who commits a simple noise violation faces only a $20 fine—but also a whopping $257 in court costs and user fees should they seek to have their day in court.”
As for the rest—the schools, the churches, private businesses, service providers, nonprofits and your fellow citizens—many are also marching in lockstep with the police state. This is what is commonly referred to as community policing. After all, the police can’t be everywhere. So how do you police a nation when your population outnumbers your army of soldiers? How do you carry out surveillance on a nation when there aren’t enough cameras, let alone viewers, to monitor every square inch of the country 24/7? How do you not only track but analyze the transactions, interactions and movements of every person within the United States? The answer is simpler than it seems: You persuade the citizenry to be your eyes and ears.
It’s a brilliant ploy, with the added bonus that while the citizenry remains focused on and distrustful of each other, they’re incapable of focusing on more definable threats that fall closer to home—namely, the government and its militarized police. In this way, we’re seeing a rise in the incidence of Americans being reported for growing vegetables in their front yard, keeping chickens in their back yard, letting their kids walk to the playground alone, and voicing anti-government sentiments. For example, after Shona Banda’s son defended the use of medical marijuana during a presentation at school, school officials alerted the police and social services, and the 11-year-old was interrogated, taken into custody by social workers, had his home raided by police and his mother arrested.
Now, it may be that we have nothing to worry about. Perhaps the government really does have our best interests at heart. Perhaps covert domestic military training drills such as Jade Helm really are just benign exercises to make sure our military is prepared for any contingency. As the Washington Post describes the operation:
The mission is vast both geographically and strategically: Elite service members from all four branches of the U.S. military will launch an operation this summer in which they will operate covertly among the U.S. public and travel from state to state in military aircraft. Texas, Utah and a section of southern California are labeled as hostile territory, and New Mexico isn’t much friendlier.
Now, I don’t believe in worrying over nothing, but it’s safe to say that the government has not exactly shown itself to be friendly in recent years, nor have its agents shown themselves to be cognizant of the fact that they are civilians who answer to the citizenry, rather than the other way around.
Whether or not the government plans to impose some form of martial law in the future remains to be seen, but there can be no denying that we’re being accustomed to life in a military state. The malls may be open for business, the baseball stadiums may be packed, and the news anchors may be twittering nonsense about the latest celebrity foofa, but those are just distractions from what is really taking place: the transformation of America into a war zone.
Trust me, if it looks like a battlefield (armored tanks on the streets, militarized police in metro stations, surveillance cameras everywhere), sounds like a battlefield (SWAT team raids nightly, sound cannons to break up large assemblies of citizens), and acts like a battlefield (police shooting first and asking questions later, intimidation tactics, and involuntary detentions), it’s a battlefield.
Indeed, what happened in Ocala, Florida, is a good metaphor for what’s happening across the country: Sheriff’s deputies, dressed in special ops uniforms and riding in an armored tank on a public road, pulled a 23-year-old man over and issued a warning violation to him after he gave them the finger. The man, Lucas Jewell, defended his actions as a free speech expression of his distaste for militarized police.
Translation: “We the people” are being hijacked on the highway by government agents with little knowledge of or regard for the Constitution, who are hyped up on the power of their badge, outfitted for war, eager for combat, and taking a joy ride—on taxpayer time and money—in a military tank that has no business being on American soil.
Rest assured, unless we slam on the brakes, this runaway tank will soon be charting a new course through terrain that bears no resemblance to land of our forefathers, where freedom meant more than just the freedom to exist and consume what the corporate powers dish out.
Rod Serling, one of my longtime heroes and the creator of “The Twilight Zone,” understood all too well the danger of turning a blind eye to evil in our midst, the “things that scream for a response.” As Serling warned, “if we don’t listen to that scream – and if we don’t respond to it – we may well wind up sitting amidst our own rubble, looking for the truck that hit us – or the bomb that pulverized us. Get the license number of whatever it was that destroyed the dream. And I think we will find that the vehicle was registered in our own name.”
If you haven’t managed to read the writing on the wall yet, the war has begun.
This article contributed courtesy of The Rutherford Institute. For original article with all live links, click here.
April 21st, 2015 by olddog
There’s “free trade.” There’s “fair trade.” And then there’s what’s really happening.
The realities of globalization have made the price of labor somewhere between rock bottom and worthless.
Since the days of NAFTA, the WTO and a flood of cheap Chinese goods, major corporations – American-based and all the rest — have offshored production, taking advantage of virtual slave labor and the only edge that this kind of competition brings.
But now, American companies are taking advantage of something better than low-wage offshore labor – straightforward prison labor may be the best of both worlds for mega-corporations.
Don’t think they see it that way?
Now they are proud of it. Just see this promotional video:
They boast the “advantages of domestic contact centers at offshore prices.” It just isn’t fashionable to call it slave labor anymore.
Bad news for the honest, law abiding worker.
Of course, the inmates aren’t getting rich. They work for pennies which gradually go towards heavy fines and fees levied on inmates inside the private prison system that must be repaid, along with the time they are doing.
This treasure trove of privatized slavery is managed by UNICOR, a government corporation managed under the Federal Prison Industries, who are officially “dedicated to employing inmates across the U.S. and providing them the job skills needed to succeed in life.”
Ludicrously, the program promises benefits to the prison workers too, offering them job skills and experience – for jobs that won’t exist outside of prison because they are directed through the corrections system. The Interceptwrites:
That’s the message of Unicor, also known as Federal Prison Industries, a government-owned corporation that employs federal workers for as little as 23 cents an hour to manufacture military uniforms, furniture, electronics and other products.
What’s more, businesses that partner with FPI are organized and regularly lobby the government on prison-related issues. Their trade group, the Correctional Vendors Association, lobbied Congress last year on the Justice Safety Valve Act, a bipartisan bill giving judges the power to impose a sentence below the mandatory minimum, including in drug-related cases.
The entire program allows companies – including Victoria’s Secret, IBM, Motorola, Microsoft, Boeing, AT&T, Texas Instrument, Revlon, Macy’s, Target Stores, Nortel, Hewlett-Packard, Intel, Nordstrom, Eddie Bauer, Compaq, and Honeywell – to exploit inmates while shafting middle class workers across the country.
Then, the products from these giants businesses in turn drown out any meaningful competition with rock-bottom prices that no mom-and-pop or honest business could match.
Not only is it a shame that this has become reality, but that those running the system are proud enough of it to advertise it as the industry’s “best kept secret.”
How many other dark secrets are lurking behind the stagnant and hopeless job economy?
Don’t bother asking, just keep on buying up cheap plastic goods and reaching for a government handout. Yeah … the good life?
You can read more from Mac Slavo at his site SHTFplan.com, where this article first appeared.
This article may be re-posted as long as all links, images, and author bio remain intact. In addition please include a site attribution link back to this page
April 20th, 2015 by olddog
By Washington’s Blog
Not Theory … Admitted Fact
There are many documented false flag attacks, where a government carries out a terror attack … and then falsely blames its enemy for political purposes.
In the following instances, officials in the government which carried out the attack (or seriously proposed an attack) admit to it, either orally or in writing:
(1) Japanese troops set off a small explosion on a train track in 1931, and falsely blamed it on China in order to justify an invasion of Manchuria. This is known as the “Mukden Incident” or the “Manchurian Incident”. The Tokyo International Military Tribunal found: “Several of the participators in the plan, including Hashimoto [a high-ranking Japanese army officer],have on various occasions admitted their part in the plot and have stated that the object of the ‘Incident’ was to afford an excuse for the occupation of Manchuria by the Kwantung Army ….” And see this.
(2) A major with the Nazi SS admitted at the Nuremberg trials that – under orders from the chief of the Gestapo – he and some other Nazi operatives faked attacks on their own people and resources which they blamed on the Poles, to justify the invasion of Poland.
(3) Nazi general Franz Halder also testified at the Nuremberg trials that Nazi leader Hermann Goering admitted to setting fire to the German parliament building in 1933, and then falsely blaming the communists for the arson.
(4) Soviet leader Nikita Khrushchev admitted in writing that the Soviet Union’s Red Army shelled the Russian village of Mainila in 1939 – while blaming the attack on Finland – as a basis for launching the “Winter War” against Finland. Russian president Boris Yeltsin agreed that Russia had been the aggressor in the Winter War.
(5) The Russian Parliament, current Russian president Putin and former Soviet leader Gorbachev all admit that Soviet leader Joseph Stalin ordered his secret police to execute 22,000 Polish army officers and civilians in 1940, and then falsely blamed it on the Nazis.
(6) The British government admits that – between 1946 and 1948 – it bombed 5 ships carrying Jews attempting to flee the Holocaust to seek safety in Palestine, set up a fake group called “Defenders of Arab Palestine”, and then had the psuedo-group falsely claim responsibility for the bombings (and see this,this and this).
(7) Israel admits that in 1954, an Israeli terrorist cell operating in Egypt planted bombs in several buildings, including U.S. diplomatic facilities, then left behind “evidence” implicating the Arabs as the culprits (one of the bombs detonated prematurely, allowing the Egyptians to identify the bombers, and several of the Israelis later confessed) (and see this and this).
(8) The CIA admits that it hired Iranians in the 1950′s to pose as Communists and stage bombings in Iran in order to turn the country against its democratically-elected prime minister.
(9) The Turkish Prime Minister admitted that the Turkish government carried out the 1955 bombing on a Turkish consulate in Greece – also damaging the nearby birthplace of the founder of modern Turkey – and blamed it on Greece, for the purpose of inciting and justifying anti-Greek violence.
(10) The British Prime Minister admitted to his defense secretary that he and American president Dwight Eisenhower approved a plan in 1957 to carry out attacks in Syria and blame it on the Syrian government as a way to effect regime change.
(11) The former Italian Prime Minister, an Italian judge, and the former head of Italian counterintelligence admit that NATO, with the help of the Pentagon and CIA, carried out terror bombings in Italy and other European countries in the 1950s and blamed the communists, in order to rally people’s support for their governments in Europe in their fight against communism. As one participant in this formerly-secret program stated: “You had to attack civilians, people, women, children, innocent people, unknown people far removed from any political game. The reason was quite simple. They were supposed to force these people, the Italian public, to turn to the state to ask for greater security” (and see this) (Italy and other European countries subject to the terror campaign had joined NATO before the bombings occurred). And watch this BBC special. They also allegedly carried out terror attacks in France, Belgium, Denmark, Germany, Greece, the Netherlands, Norway, Portugal, the UK, and other countries.
False flag attacks carried out through this program include – by way of example only:
(12) In 1960, American Senator George Smathers suggested that the U.S. launch “a false attack be made on Guantanamo Bay which would give us the excuse of actually fomenting a fight which would then give us the excuse to go in and [overthrow Castro]“.
(13) Official State Department documents show that, in 1961, the head of the Joint Chiefs and other high-level officials discussed blowing up a consulate in the Dominican Republic in order to justify an invasion of that country. The plans were not carried out, but they were all discussed as serious proposals.
(14) As admitted by the U.S. government, recently declassified documents show that in 1962, the American Joint Chiefs of Staff signed off on a plan to blow up AMERICAN airplanes (using an elaborate plan involving the switching of airplanes), and also to commit terrorist acts on American soil, and then to blame it on the Cubans in order to justify an invasion of Cuba. See the following ABC news report; the official documents; and watch this interview with the former Washington Investigative Producer for ABC’s World News Tonight with Peter Jennings.
(15) In 1963, the U.S. Department of Defense wrote a paper promoting attacks on nations within the Organization of American States – such as Trinidad-Tobago or Jamaica – and then falsely blaming them on Cuba.
(16) The U.S. Department of Defense even suggested covertly paying a person in the Castro government to attack the United States: “The only area remaining for consideration then would be to bribe one of Castro’s subordinate commanders to initiate an attack on Guantanamo.”
(17) The NSA admits that it lied about what really happened in the Gulf of Tonkin incident in 1964 … manipulating data to make it look like North Vietnamese boats fired on a U.S. ship so as to create a false justification for the Vietnam war.
(18) A U.S. Congressional committee admitted that – as part of its “Cointelpro” campaign – the FBI had used many provocateurs in the 1950s through 1970s to carry out violent acts and falsely blame them on political activists.
(19) A top Turkish general admitted that Turkish forces burned down a mosque on Cyprus in the 1970s and blamed it on their enemy. He explained: “In Special War, certain acts of sabotage are staged and blamed on the enemy to increase public resistance. We did this on Cyprus; we even burnt down a mosque.” In response to the surprised correspondent’s incredulous look the general said, “I am giving an example”.
(20) The German government admitted (and see this) that, in 1978, the German secret service detonated a bomb in the outer wall of a prison and planted “escape tools” on a prisoner – a member of the Red Army Faction – which the secret service wished to frame the bombing on.
There is no greater danger to a Nation than the people who run it. The politicians take their orders from the N.G.Os., think tanks, large corporations, and Bankers; and the orders are designed and issued by the International Banking Cartel.
All the while, the ignorant citizens believe their government is elected by the people for the benefit of the people, and those who believe their government can and will do the right thing, are just plain ignorant.
All power resides with those who control the world’s commerce.
WAR IS A RICH MANS RACKET!
Keep the people afraid, and they will support their real enemies’,
AND PEACEFULLY SUBMIT TO TYRANNY!
If Americans had any real courage, the politicians would all be hanging upside down on the street lights.
April 18th, 2015 by olddog
Feds attempting to control the market, dry up supply? Purchase in addition to billions of bullets previously bought by feds.
By PAUL JOSEPH WATSON
The Department of Homeland Security is set to purchase over 62 million rounds of ammo typically used in AR-15 semi-automatic rifles, just weeks after the ATF was forced to back down on a ban on M855 bullets.
A posting on FedBizOpps.gov this week reveals that the DHS is looking to contract with a company to provide 12.6 million rounds of .223 Remington ammunition per year for a period of five years – totaling 62.5 million bullets.
The solicitation explains that the purchase is intended, “to achieve price savings over the current .223 Rem duty ammunition.” The bullets will be used by U.S. Customs and Border Protection agents nationwide for “training” purposes.
The .223 Remington is one of the most common rifle cartridges in use in the United States and is used both in bolt action rifles and semi-automatic rifles such as the AR-15 and the Ruger Mini-14.
In 2013, following concerns about the DHS buying large quantities of several different types of ammunition, weapons manufacturers noted that the feds may have been attempting to control the ammunition market by forcing manufacturers to hold back stock from general sale.
“If they periodically do this in increments, they’re going to control how much ammo is available on the commercial market,” a weapons manufacturer told Michael Savage, adding that the contracts with bullet manufacturers stipulate that everything made goes to the government as the number one priority before it is allowed to enter the commercial market.
In March 2013, Californian Congressman Doug LaMalfa and 14 of his House peers wrote a letter to the Department of Homeland Security demanding to know why the federal agency was buying so many rounds of ammunition and whether the purchases were part of a deliberate attempt to restrict supply to the American people.
“The extraordinary level of ammunition purchases made by Homeland Security seems to have, in states such as my own, created an extreme shortage of ammunition to the point where many gun owners are unable to purchase any,” LaMalfa wrote in the letter.
The bulk purchase follows attempts by the Bureau of Alcohol, Tobacco and Firearms to ban M855 ammo, another popular round for AR-15’s used by hunters. The ATF justified the ban by claiming that the bullets were “armor piercing” and a threat to law enforcement officers.
After being on the receiving end of a huge backlash, the feds were forced to back down and ATF director B. Todd Jones subsequently tendered his resignation. Democratic Congressman Steve Israel called the ATF backdown “cowardly” and vowed to revive the ban.
The ATF’s threat to ban the ammo temporarily caused prices of the bullet to surge more than double in price.
Although federal agencies are increasingly hiding their purchases by limiting public information on fbo.gov, it can still be conservatively estimated from available data that the feds have purchased at least 2.11 billion rounds of ammunition since April 2012:
Date Reported Agency Amount Caliber
April ’12 – Feb ’13 Various 2,000,000,000 Various
03/25/13 DHS 360,000 .40 S&W
07/26/13 NOAA 72,000 .40 S&W
07/26/13 Army 2,550,000 7.62x39mm
07/26/13 Army 425,000 9x18mm Makarov
08/19/13 TSA 3,454,000 .357 SIG
02/11/14 DHS 141,000 .308 Remington
04/22/14 DHS 25,000,000 12 Gauge
05/22/14 TSA 24,000,000 .357 SIG
04/15/15 DHS 62,000,000 .223 Remington
That’s enough ammo to kill around 30% of the world’s population.
Furthermore, U.S. soldiers were shooting around 5.5 million rounds of ammunition per month during the war in Iraq, or 66 million rounds annually. Using that figure, the feds have stockpiled enough ammo over the past two years to fight a 32-year war.
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Paul Joseph Watson is the editor at large of Infowars.com and Prison Planet.com.
Kit Daniels also contributed to the bottom of this article with an update.
April 17th, 2015 by olddog
By Michael Snyder
Did you know that the number of publicly traded companies declaring bankruptcy has reached a five year high? And did you know that Chinese exports are absolutely collapsing and that Chinese economic growth in 2014 was the weakest in over 20 years? Even though things may seem to be okay on the surface for the global economy at the moment, that does not mean that big trouble is not percolating just under the surface. On Wednesday, investors cheered as stocks soared to new highs, but almost all of the economic news coming in from around the planet has been bad. The credit rating on Greek debt has been slashed again, global economic trade is really slowing down, and many of the exact same financial patterns that we saw just before the crash of 2008 are repeating once again. All of this reminds me of the months leading up to the implosion of Lehman Brothers. Most people were feeling really good about things, but huge trouble was brewing just underneath the surface. Finally, one day we learned that Lehman Brothers had “suddenly” collapsed, and then all hell broke loose.
If the economy is actually “getting better” like we are being told by the establishment media, then why are so many big companies declaring bankruptcy? According to CNBC, the number of publicly traded companies declaring bankruptcy has hit a five year high…
The number of bankruptcies among publicly traded U.S. companies has climbed to the highest first-quarter level for five years, according to a Reuters analysis of data from research firm bankruptcompanynews.com.
Plunging prices of crude oil and other commodities is one of the major reasons for the increased filings, and bankruptcy experts said a more aggressive stance by lenders may also be hurting some companies.
It is interesting to note that the price of oil is being named as one of the primary reasons why this is happening.
In an article entitled “Anyone That Believes That Collapsing Oil Prices Are Good For The Economy Is Crazy“, I warned about this. If the price of oil does not bounce back in a huge way, we are going to see a lot more companies go bankrupt, a lot more people are going to lose their jobs, and a lot more corporate debt is going to go bad.
And of course this oil crash has not just hurt the United States. All over the world, economic activity is being curtailed because of what has happened to the price of oil…
In the heady days of the commodity boom, oil-rich nations accumulated billions of dollars in reserves they invested in U.S. debt and other securities. They also occasionally bought trophy assets, such as Manhattan skyscrapers, luxury homes in London or Paris Saint-Germain Football Club.
Now that oil prices have dropped by half to $50 a barrel, Saudi Arabia and other commodity-rich nations are fast drawing down those “petrodollar” reserves. Some nations, such as Angola, are burning through their savings at a record pace, removing a source of liquidity from global markets.
If oil and other commodity prices remain depressed, the trend will cut demand for everything from European government debt to U.S. real estate as producing nations seek to fill holes in their domestic budgets.
But it isn’t just oil. We appear to be moving into a time when things are slowing down all over the place.
In a recent article, Zero Hedge summarized some of the bad economic news that has come in just this week…
Mortgage Apps tumble, Empire Fed slumps, and now Industrial Production plunges… Against expectations of a 0.3% drop MoM, US Factory Output was twice as bad at -0.6% – the worst since August 2012 (and lamost worst since June 2009). This is the 4th miss in a row.
If we are indeed heading into another economic downturn, that is really bad news, because at the moment we are in far worse shape than we were just prior to the last recession.
To help illustrate this, I want to share with you a couple of charts.
This first chart comes from the Federal Reserve Bank of St. Louis, and it shows that after you adjust for inflation, median income for the middle class is the lowest that it has been in decades…
This next chart shows that median net worth for the middle class is also the lowest that it has been in decades after you adjust for inflation…
The middle class is being systematically destroyed. For much more on this, please see this recent article that I published. And now we are on the verge of another major economic slowdown. That is not what the middle class needs at all.
We are also getting some very disturbing economic news out of China.
In 2014, economic growth in China was the weakest in more than 20 years, and Chinese export numbers are absolutely collapsing…
China’s monthly trade data shows exports fell in March from a year ago by 14.6% in yuan terms, compared to expectations for a rise of more than 8%.
Imports meanwhile fell 12.3% in yuan terms compared to forecasts for a fall of more than 11%.
This is a clear sign that global economic activity is slowing down in a big way.
In addition, Chinese home prices are now falling at a faster pace then U.S. home prices fell during the subprime mortgage meltdown…
It appeared as though things went from bad to worse nearly overnight; China’s National Bureau of Statistics said that contrary to hopes that there would be a modest rebound, the average new home price in China fell at the fastest pace on record in February, from the previous year.
Reuters reported that average new home prices in China’s 70 major cities fell 5.7 percent, year to year, in February – marking the sixth consecutive drop after January’s decline of 5.1 percent.
Things continue to get worse in Europe as well.
This week we learned that the credit rating for Greek government debt has been slashed once again…
Standard & Poor’s has just cut Greece’s credit rating to “CCC+” from “B-” with a negative outlook.
S&P said it expected Greece’s debt to be “unsustainable.” It cited the potential for dissolving liquidity in the government, banks and economy.
And according to the Financial Times, we could actually be on the verge of witnessing a Greek debt default…
Greece is preparing to take the dramatic step of declaring a debt default unless it can reach a deal with its international creditors by the end of April, according to people briefed on the radical leftist government’s thinking.
The government, which is rapidly running out of funds to pay public sector salaries and state pensions, has decided to withhold €2.5bn of payments due to the International Monetary Fund in May and June if no agreement is struck, they said.
So I hope that those that are euphoric about the performance of their stock portfolios are taking their profits while they still can.
Huge trouble is percolating just under the surface of the global economy, and it won’t be too long before the financial markets start feeling the pain.
April 16th, 2015 by olddog
By Tyler Durden
Back in November we chronicled the (quiet) death of the Petrodollar, the system that has buttressed USD hegemony for decades by ensuring that oil producers recycled their dollar proceeds into still more USD assets creating a very convenient (if your printing press mints dollars) self-fulfilling prophecy that has effectively underwritten the dollar’s reserve status in the post WWII era. Here’s what we said last year:
Two years ago, in hushed tones at first, then ever louder, the financial world began discussing that which shall never be discussed in polite company – the end of the system that according to many has framed and facilitated the US Dollar’s reserve currency status: the Petrodollar, or the world in which oil export countries would recycle the dollars they received in exchange for their oil exports, by purchasing more USD-denominated assets, boosting the financial strength of the reserve currency, leading to even higher asset prices and even more USD-denominated purchases, and so forth, in a virtuous (especially if one held US-denominated assets and printed US currency) loop…
Few would have believed that the Petrodollar did indeed quietly die, although ironically, without much input from either Russia or China, and paradoxically, mostly as a result of the actions of none other than the Fed itself, with its strong dollar policy, and to a lesser extent Saudi Arabia too, which by glutting the world with crude, first intended to crush Putin, and subsequently, to take out the US crude cost-curve, may have Plaxico’ed both itself, and its closest Petrodollar trading partner, the US of A.
As Reuters reports, for the first time in almost two decades, energy-exporting countries are set to pull their “petrodollars” out of world markets this year.
Not long afterwards (and by that we mean “not long” in the sense that three months isn’t really that long when it comes to everyone catching on to what “fringe” bloggers say is likely important), Bank of America took notice in the form of interviews with a half dozen or so in- house economists whose views can be generally summed up as follows: “…the end of the Petrodollar recycling chain is said to impact everything from Russian geopolitics, to global capital market liquidity, to safe-haven demand for Treasurys, to social tensions in developing nations, to the Fed’s exit strategy.”
Here’s Goldman with a bit of color on the projected magnitude of the shifting Petrodollar dynamic:
We estimate that the new (lower) oil price equilibrium will reduce the supply of petrodollars by up to US$24 bn per month in the coming years, corresponding to around US$860 bn over the next three years. The ultimate impact, however, will depend on a number of key current account buffers (goods imports, net factor income and service imports).
Against this backdrop we bring you the following, from Bloomberg which highlights the fact that oil producers are now liquidating their Petrodollar assets at a frenzied pace in the face of today’s “crude” realities:
In the heady days of the commodity boom, oil-rich nations accumulated billions of dollars in reserves they invested in U.S. debt and other securities. They also occasionally bought trophy assets, such as Manhattan skyscrapers, luxury homes in London or Paris Saint-Germain Football Clubs.
Now that oil prices have dropped by half to $50 a barrel, Saudi Arabia and other commodity-rich nations are fast drawing down those “petrodollar” reserves. Some nations, such as Angola, are burning through their savings at a record pace, removing a source of liquidity from global markets.
If oil and other commodity prices remain depressed, the trend will cut demand for everything from European government debt to U.S. real estate as producing nations seek to fill holes in their domestic budgets.
“This is the first time in 20 years that OPEC nations will be sucking liquidity out of the market rather than adding to it through investments,” said David Spegel, head of emerging markets sovereign credit research at BNP Paribas SA in London…
A concomitant drop in foreign reserves, revealed in data from national central banks and the IMF, is affecting nations from oil producer Oman to copper-rich Chile and cotton-growing Burkina Faso. Reserves are dropping faster than during the last commodity price plunge in 2008 and 2009.
The drawdown reverses a decade-long inflow into the coffers of commodity-rich nations which helped to increase funds available for investment and boost asset prices. Bond purchases have helped to keep interest rates low.
Oil producers recycled a large portion of their petrodollars — a term coined for the dollar-denominated oil trade — by buying sovereign debt of the U.S. and other countries. As they draw down reserves, Middle East countries are likely to sell “low-yielding European assets,” George Saravelos, strategist at Deutsche Bank AG, said in a note to clients.
Available data shows foreign savings by commodity-rich nations are dropping across the board. In Chile, the world’s top copper exporter, foreign savings fell $1.9 billion in February, the biggest drop in three years.
Analysts and officials anticipate that commodity-rich countries will continue selling off foreign assets through the year.
The IMF’s Arezki said that unless they cut spending, resources-rich nations “have no choice but to draw on their financial assets when available” as oil prices are well below the fiscal break-even needed by many exporting nations. The IMF estimates that many oil countries would only balance their budgets if crude prices recover to $75 or higher.
And so the liquidity drain is on, the only question is how far reaching the consequences will be and whether DM central bank largesse can effectively offset the implications of the petrodollar spigot being turned completely off for the first time in nearly two decades, representing a monumental fall from the more than $500 billion in EM Petrodollars that inundated the market just seven years ago. Here’s an interesting take on this from Citi:
The longer crude prices persist at current levels, the more likely it is that these investors stop seeing inflows. And if that were to be the case, then the drop in crude prices could end up effectively offsetting further balance-sheet expansion from the BoJ and ECB.
Naysayers will argue that the two aren’t equivalent: QE is money creation while petrodollars are a zero-sum game. In other words, while petrodollars are being accumulated at a slower rate because crude prices have dropped, other economic actors are experiencing a corresponding windfall.
While that’s certainly the case, what matters is how the savings from lower crude oil prices end up getting invested relative to the investments made by sovereign wealth funds and FX reserve managers. And on that score, we suspect that petrodollar investors generally make conservative investments that are inherently fixed income-friendly, while the savings from lower gasoline prices tend to grow the top line revenue of consumer-oriented companies and the margins of those companies with significant transportation costs. As such, forsaken petrodollars rarely find their way back into fixed income markets.
In a very real sense then, we’d argue that the decline in petrodollar growth is likely to equate to less demand for fixed income securities and make the withdrawal of Fed QE that much more palpable.
As we said back in February, “…few actually grasped the implications of what plunging oil really means in a world in which this most financialized of commodities plays a massive role in both the global economy and capital markets, not to mention in geopolitics, with implications far, far greater than the amateurish ‘yes, but gas is now cheaper’ retort.” In the end, the real question may be this: what happens socially and politically in EM oil producing states when, after years of depressed prices, the coffers finally run dry?
Here’s the schematic again:
April 15th, 2015 by olddog
POSSE COMITATUS WON’T SAVE YOU FROM THE U. S. MILITARY +
This is not a government of the people, for the people, by the people. By Simon Black
By Ron Ewart
GOVERNMENT CAN GET YOU ANYTIME IT WANTS. If a person, group of people, or a government has power over you, that means they can control what you do, or force you to do what you don’t want to do. That power comes either by the force of law with corresponding punishments for not obeying the law, or by force of violence using the gun or other weapons that can threaten or take your life, or rob you of your liberty.
In many of our articles over the last 10 years, we have written about the growing power of the American government, at all levels, but mostly at the federal level. No matter what anyone thinks, the evidence points directly at a trend towards absolute power. That is what governments do over time. But the only way to project absolute power is by force and that force comes in the form of civilian or military power where that power can incarcerate you, or kill you …… for any reason!
The Founders went to great lengths to set up a government system that was based on the rule of law, not rule by force. Overtime, as laws proliferated into millions of laws piled on top of one another, enforcement of all those laws became problematic. As more people broke the laws, many without knowing it, government’s response was to increase enforcement.
In a previous article on laws we wrote: “Every Time A New Law Is Written“
“By just sheer numbers, the more laws that are written, the less likely the entire population will even know about the laws, or understand them, or know of their consequences or penalties for violation, much less be in compliance with them. The consequence of too many laws is that huge segments of the public are totally unaware of their existence. And yet, under the law, ignorance of the law is not a defense. Then, when the hapless individual comes face-to-face with the law, it results in anger and frustration for that individual and a spiraling degradation of freedom and liberty for all of us.”
“Many laws are written at the insistence of lobbying or special interest groups with very narrow and purposely hidden agendas. The public never has an opportunity for real input and society as a whole is not benefited. Partisan politics often compromises a new law into meaningless, often conflicting legislation, leaving loopholes over which lawyers can argue over for decades.”
“In the final analysis, extending legislating and law creation to its absurdity, one arrives at a point where there are so many laws that no one is in compliance and we end up losing our ability to enforce any of them. We become in fact, lawless by the very chaos that the policy makers have created.”
UNLESS THE CENTRAL GOVERNMENT SENDS IN FEDERAL TROOPS!
What this all boils down to is that the more laws there are and the more people there are to be controlled by those laws, the greater the need of enforcement by guns. It is clear that government will never allow the people TO BECOME LAWLESS. After all, government’s role is to keep the peace and restore order no matter how many liberties the people have to give up.
As the federal government grew larger and more powerful, it became the logical repository for the military power needed to control all those millions of people to make sure they comply with all the millions of laws that the people know nothing about. They must keep order and control at all costs. But it must be remembered that local law enforcement is trained to use minimal force, where the U. S. Military is trained to use maximum, overwhelming force. That is the undeniable difference and a direct threat to individual liberty.
The Posse Comitatus Act of 1878 (Pub. L. 18 USC P 1385) was supposed to keep the U. S. Military from enforcing local and federal law, or assisting local law enforcement in that duty. Well before the Posse Comitatus Act was passed, Congress passed the Insurrection Act of 1807 (Pub. L. 10 USC 331 thru 335) which was a “set of laws that govern the ability of the President to deploy U. S. troops on American soil.” Such deployment could only come at the request of a governor of the state in which an event was taking place requiring a larger military force. This all changed after Hurricane Katrina where the Louisiana governor did not request federal troops to restore order. Congress went ahead and modified the Insurrection Act as follows:
“Section 1076 of the law changed Sec. 333 of the ‘Insurrection Act,’ and widened the President’s ability to deploy troops within the United States to enforce the laws. Under this act, the President may also deploy troops as a police force during a natural disaster, epidemic, serious public health emergency, terrorist attack, or other condition, when the President determines that the authorities of the state are incapable of maintaining public order. The bill also modified Sec. 334 of the Insurrection Act, giving the President authority to order the dispersal of either insurgents or ‘those obstructing the enforcement of the laws.’ The law changed the name of the chapter from ‘Insurrection’ to ‘Enforcement of the Laws to Restore Public Order.'”
But ladies and gentlemen, it gets far worse from there. The Department of Defense (DOD) has inserted itself into the use of U. S. Military force on American soil and enforcing local law and assisting local law enforcement. In our research we ran across a 2004 DOD document (republished in 2009) that spells out in detail that Posse Comitatus is dead and the Insurrection Act must be expanded. Here are excerpts from that document.
Legal Authority to Use Federal Troops to Enforce the Law
The Insurrection Act is the most important legal authority for the President to authorize the use of federal troops to enforce the law. The Insurrection Act (there is really no single ‘Insurrection Act’ per se but this name has been applied collectively to the four statutes noted below) consists of four statutes enacted at different times for different reasons that, when considered as a whole, provide the power that Presidents have used many times as the legal basis for using troops to enforce the law. The four sections of the act are as follows:
- Title 10, Section 331 was enacted in 1792 in response to challenges to the taxing power of the federal government. It allows the President, at the request of a governor or state legislature, to put down an insurrection by calling into federal service sufficient militia to “suppress the insurrection.”
- Title 10, Section 332 was enacted in 1861 at the outset of the Civil War. It allows the President to use the armed forces to enforce the laws or suppress a rebellion whenever, in his opinion, unlawful obstructions, combinations, or assemblages or rebellion against the authority of the United States make it impractical to enforce the laws using the course of judicial proceedings.
- Title 10, Section 333 was enacted in 1869 during the Reconstruction Era. It allows the President to use the armed forces or militia to respond to insurrection, domestic violence, unlawful combination, or conspiracies that prevent a state government from enforcing the laws.
- Title 10, Section 334 was enacted in 1861. It prescribes that the President shall issue a proclamation calling on insurgents to disperse before using the militia or armed forces to enforce the law.
The Insurrection Act is the most sweeping authority for the President to authorize and order the use of the federal troops for domestic operations. The President may not act on warning or even at the start of an incident, but must wait until the governor or a state legislature asks for federal assistance. This tends to discourage advance preparations and movements of troops-although Presidents have authorized such actions. This tiered approach in which the federal government acts only after local and state governments have failed, was workable when the cost of delayed response was acceptable, but it is inappropriate for the current situation.
This should scare the pants off you! The older Insurrection Act and the revisions thereto, have all but repealed Posse Comitatus. The President can do what he wishes, anytime he wants with federal troops. That is an awesome power.
We have placed links to the evolution of the “Insurrection Act” and the entire above DOD document on our website for yourreview at this link. You have to read the whole DOD document if you really want to understand what is going on.
Why do you suppose that the U. S. Military has been conducting massive training operations throughout the U. S., like operation Jade Helm 15 as depicted in the above image?
(Jade Helm 15 link)
It isn’t all training for warfare elsewhere on the planet. It is in fact training to put down insurrection by disgruntled Americans and to maintain civil order when local law enforcement can’t do the job, pursuant to the detailed outline in the above referenced DOD document.
It is no coincidence that the Department of Homeland Security (DHS) has put out lists of potential domestic terrorists that include Christian groups, militias, patriots and returning military vets. They know what is in your mind and what you may be planning and they are planning ahead for that eventuality. It is no accident that the U. S. Military is conducting huge, multi-state training operations, or building FEMA camps for massive internment.
The Progressives have been in virtual control of America for over 100 years. They intend to remain in control, even if they can’t do it by votes. They have taken over the schools, academia, government institutions, the news media and they will maintain their control by force of arms if patriots (conservatives) even so much as hint at challenging their authority. It’s been coming for a long time. It is the final evolution of a liberal, socialist, ideologically driven dictatorship.
For those in our reading audience who think that a group of armed militia can stand up against the full force and fury of the U. S. Military, they had better think again. If we are going to change the course that America is now on, it will have to be by peaceful means.
The only way insurrection or uprising by Americans can win against the U. S. Military is the organization of millions of armed citizens with seasoned leadership, command and control and extensive training, who will put everything on the line to challenge the final militarization of America by federal forces. And they had better hope that the federal troops don’t shoot to kill, because those federal forces are also made up of Americans. If civilian Americans are pitted against federal troop Americans in a shooting war, the U. S. Constitution will be annulled and martial law will be declared. We can almost guarantee that what comes out of that shooting war between Americans and Americans will not be a Constitutional Republic.
We are just as disturbed by Operation Jade Helm 15 as are many other Americans. Consequently, we have filed a formal FOIA request with the Department of Defense, asking some very specific questions about this operation and demanding specific documents. You will find a link to a PDF version of our FOIA request on our website at this link. We will publish responses to the FOIA request in later articles ….. if any.
Please understand that this FOIA request could put a target on our back and put us at considerable risk for having the audacity to challenge them personally. They are already monitoring us and have been for several years. We know just by observing the statistics on our website.
Why do we do this ladies and gentlemen? Because we strongly believe in preserving, protecting and defending the Constitution of the United States and the individual liberty it secures. It could be considered treason that our president and all other public office holders and bureaucrats don’t do the same. It is a travesty that millions of Americans won’t join us, or others, in this effort. Their silence could be America’s undoing.
[NOTE: The forgoing article represents the opinion of the author and is not necessarily shared by the owners, employees, representatives, or agents of the publisher.]
© 2015 Ron Ewart — All Rights Reserved
Ron Ewart, a nationally known author and speaker on freedom and property issues and author of his weekly column, “In Defense of Rural America”, is the President of the National Association of Rural Landowners, (NARLO) (http://www.narlo.org) a non-profit corporation headquartered in Washington State, an advocate and consultant for urban and rural landowners. He can be reached for comment at firstname.lastname@example.org.
This is not a government of the people for the people by the people.
By Simon Black
Seventy years ago, the United States of America had just emerged from World War II as the most dominant superpower in the world.
At that point America’s economy was the only one left standing.
And the US government had essentially dictated terms in establishing a new global financial system (known as the Bretton Woods agreement).
Doing so thrust the dollar at the center of world trade and banking.
Suddenly every government, central bank, and Major Corporation needed to hold and transact in US dollars… and to establish a banking relationship in the United States.
This gave the United States a tremendous amount of power—power they respected and never abused.
At the same time, high ranking members of the Nazi party had fled to the four corners of the world, often with a vast treasure trove stashed away at Swiss banks.
Most of this wealth was acquired through mass genocide. And yet Switzerland’s secrecy laws protected Nazi clients from having their information turned over to authorities.
No one pressed the issue further.
Think about it—the US government could have done something.
They had the power back then. They could have punished Switzerland with all sorts of banking and financial penalties. They could have threatened to kick them out of the financial system.
But they didn’t.
Instead, in 1945, the US government gave the Nazis a pass.
This is extraordinary when you think about it. Because if you fast forward several decades, we see now that the US government is chasing people to the ends of the earth.
Even more, they’ve brought the full extent of their financial resources to bear against entire banking systems (including Switzerland’s).
They’ve successfully shuttered some of the oldest banks in the world, imprisoned foreign bank executives, and even gotten foreign governments to change their laws.
So who exactly are the nefarious criminal terrorists that Uncle Sam is spending so much effort to chase down?
Americans, specifically Americans who have failed to file administrative paperwork with the IRS to declare overseas financial accounts.
There are countless stories out there of people having their life savings confiscated by the government because they didn’t file a disclosure form (even if there are no back taxes due).
Certainly there is some meaningful percentage of these people who have been hiding undeclared income overseas hoping to never pay tax on it. And it’s important to acknowledge that.
But while this sort of behavior had been going on for decades, it took until 2010 for the US government to pass the Foreign Account Tax Compliance Act (FATCA), establishing the power to bully global financial institutions into compliance.
The reason is obvious: the United States government is broke.
Decades ago the future was bright. And they could afford to give the Nazis a pass. They didn’t really need the money, and it wasn’t worth abusing the tremendous financial power that they had been entrusted with.
But today, every penny matters.
The US government is in a position where they have to borrow money just to pay interest on the money they’ve already borrowed.
Their own internal numbers estimate their ‘net worth’ at MINUS $60 trillion, which includes their own estimates of long-term social security liabilities.
So they have no qualms about abusing the trust that the rest of the world has given them… or even creating new powers out of thin air through the most destructive legislation imaginable.
It’s often said that there are only a few times in a person’s life when you can really see what someone’s character is made of—typically times of extreme adversity such as being near death or flat broke.
That’s where the US government is right now. Enabling us to now see its true character.
This is not a government of the people, for the people, by the people. It is a government that takes from the people. By any means necessary. And they grow bolder with each passing day.
April 14th, 2015 by olddog
By John W. Whitehead
April 13, 2015
“What the government is good at is collecting taxes, taking away your freedoms and killing people. It’s not good at much else.”—Author Tom Clancy
The American people remain eager to be persuaded that a new president in the White House can solve the problems that plague us. Yet no matter who wins this next presidential election, you can rest assured that the new boss will be the same as the old boss, and we—the permanent underclass in America—will continue to be forced to march in lockstep with the police state in all matters, public and private.
Indeed, as I point out in my new book Battlefield America: The War on the American People, it really doesn’t matter what you call them—the 1%, the elite, the controllers, the masterminds, the shadow government, the police state, the surveillance state, the military industrial complex—so long as you understand that no matter which party occupies the White House in 2017, the unelected bureaucracy that actually calls the shots will continue to do so.
Consider the following a much-needed reality check, an antidote if you will, against an overdose of overhyped campaign announcements, lofty electoral promises and meaningless patriotic sentiments that land us right back in the same prison cell.
FACT: For the first time in history, Congress is dominated by a majority of millionaires who are, on average, fourteen times wealthier than the average American. According to a scientific study by Princeton researchers, the United States of America is not the democracy that it purports to be, but rather an oligarchy, in which “economic elites and organized groups representing business interests have substantial independent impacts on U.S. government policy.”
FACT: “Today, 17,000 local police forces are equipped with such military equipment as Blackhawk helicopters, machine guns, grenade launchers, battering rams, explosives, chemical sprays, body armor, night vision, rappelling gear and armored vehicles,” reports Paul Craig Roberts, former Assistant Secretary of the Treasury. “Some have tanks.”
FACT: Thanks to an overabundance of 4,500-plus federal crimes and 400,000-plus rules and regulations, it is estimated that the average American actually commits three felonies a day without knowing it. In fact, according to law professor John Baker, “There is no one in the United States over the age of 18 who cannot be indicted for some federal crime. That is not an exaggeration.”
FACT: The number of violent crimes in the country is down substantially, the lowest rate in forty years, while the number of Americans being jailed for nonviolent crimes such as driving with a suspended license is skyrocketing.
FACT: Despite the fact that women only make up 8 percent of the prison population, they are more likely to be strip searched, though not more likely to carry contraband.
FACT: Despite the fact that we have 46 million Americans living at or below the poverty line, 16 million children living in households without adequate access to food, and at least 900,000 veterans relying on food stamps, enormous sums continue to be doled out for presidential vacations ($16 million for trips to Africa and Hawaii), overtime fraud at the Department of Homeland Security (nearly $9 million in improper overtime claims, and that’s just in six of the DHS’ many offices) HurricaHur, and Hollywood movie productions ($10 million was spent by the Army National Guard on Superman movie tie-ins aimed at increasing awareness about the National Guard).
FACT: Since 2001 Americans have spent $10.5 million every hour for numerous foreign military occupations, including in Iraq and Afghanistan. There’s also the $2.2 million spent every hour on maintaining the United States’ nuclear stockpile, and the $35,000 spent every hour to produce and maintain our collection of Tomahawk missiles. And then there’s the money the government exports to other countries to support their arsenals, at the cost of $1.61 million every hour for the American taxpayers.
FACT: It is estimated that 2.7 million children in the United States have at least one parent in prison, whether it be a local jail or a state or federal penitentiary, due to a wide range of factors ranging from over criminalization and surprise raids at family homes to roadside traffic stops.
FACT: At least 400 to 500 innocent people are killed by police officers every year. Indeed, Americans are now eight times more likely to die in a police confrontation than they are to be killed by a terrorist. Americans are 110 times more likely to die of food-borne illness than in a terrorist attack.
FACT: Police officers are more likely to be struck by lightning than be made financially liable for their wrongdoing.
FACT: On an average day in America, over 100 Americans have their homes raided by SWAT teams. There has been a notable buildup in recent years of SWAT teams within non-security-related federal agencies such as the Department of Agriculture, the Railroad Retirement Board, the Tennessee Valley Authority, the Office of Personnel Management, the Consumer Product Safety Commission, the U.S. Fish and Wildlife Service, and the Education Department.
FACT: The FBI’s Next Generation Identification (NGI) facial recognition system, which is set to hold data on millions of Americans, will include a variety of biometric data, including palm prints, iris scans, and face recognition data. The FBI hopes to have 52 million images by 2015. NGI will be capable of uploading 55,000 images a day, and conducting tens of thousands of photo searches a day.
FACT: Comprising an $82 billion industry, at least 30,000 drones are expected to occupy U.S. airspace by 2020.
FACT: Devices are now being developed that would allow police to stop a car remotely, ostensibly to end police chases.
FACT: Everything we do will eventually be connected to the Internet. By 2030 it is estimated there will be 100 trillion sensor devices connecting human electronic devices (cell phones, laptops, etc.) to the Internet. Much, if not all, of our electronic devices will be connected to Google, which openly works with government intelligence agencies.
FACT: In 2015 mega-food corporations will begin rolling out high-tech shelving outfitted with cameras in order to track the shopping behavior of customers, as well as information like the age and sex of shoppers.
FACT: If knowledge is power, it’s no wonder Americans are in hot water. According to a study by the National Constitution Center, 41 percent of Americans “are not aware that there are three branches of government, and 62 percent couldn’t name them; 33 percent couldn’t even name one.”
FACT: The United States is one of the highest TV viewing nations. According to a Nielsen report, the average American over the age of two “spends more than thirty-four hours a week watching live television . . . plus another three to six hours watching taped programs.”
FACT: Only six out of every one hundred Americans know that they actually have a constitutional right to hold the government accountable for wrongdoing, as guaranteed by the right to petition clause of the First Amendment.
FACT: According to a Gallup poll, Americans place greater faith in the military and the police than in any of the three branches of government. However, when asked to name the greatest problem facing the nation, Americans of all political stripes ranked the government as the number one concern. In fact, almost eight out of ten Americans believe that government corruption is widespread.
Perhaps the most troubling fact of all is this: we have handed over control of our government and our lives to faceless bureaucrats who view us as little more than cattle to be bred, branded, butchered and sold for profit.
If there is to be any hope of restoring our freedoms and reclaiming control over our government, it will rest not with the politicians but with the people themselves. When all is said and done, each American will have to decide for them-selves whether they prefer dangerous freedom to peaceful slavery.
April 13th, 2015 by olddog
By Tyler Durden
Over the centuries there have been many stories, some based on loose facts, others based on hearsay, conjecture, speculation and outright lies, about groups of people who “control the world.” Some of these are partially accurate, others are wildly hyperbolic, but when it comes to the historic record, nothing comes closer to the stereotypical, secretive group determining the fate of over 7 billion people, than the Bank of International Settlements, which hides in such plain sight, that few have ever paid much attention.
This is their story.
First unofficial meeting of the BIS Board of Directors in Basel, April 1930
* * *
The following is an excerpt from TOWER OF BASEL: The Shadowy History of the Secret Bank that Runs the World by Adam LeBor. Reprinted with permission from PublicAffairs.
The world’s most exclusive club has eighteen members. They gather every other month on a Sunday evening at 7 p.m. in conference room E in a circular tower block whose tinted windows overlook the central Basel railway station. Their discussion lasts for one hour, perhaps an hour and a half. Some of those present bring a colleague with them, but the aides rarely speak during this most confidential of conclaves. The meeting closes, the aides leave, and those remaining retire for dinner in the dining room on the eighteenth floor, rightly confident that the food and the wine will be superb. The meal, which continues until 11 p.m. or midnight, is where the real work is done. The protocol and hospitality, honed for more than eight decades, are faultless. Anything said at the dining table, it is understood, is not to be repeated elsewhere.
Few, if any, of those enjoying their haute cuisine and grand cru wines— some of the best Switzerland can offer—would be recognized by passers-by, but they include a good number of the most powerful people in the world. These men—they are almost all men—are central bankers. They have come to Basel to attend the Economic Consultative Committee (ECC) of the Bank for International Settlements (BIS), which is the bank for central banks. Its current members [ZH: as of 2013] include Ben Bernanke, the chairman of the US Federal Reserve; Sir Mervyn King, the governor of the Bank of England; Mario Draghi, of the European Central Bank; Zhou Xiaochuan of the Bank of China; and the central bank governors of Germany, France, Italy, Sweden, Canada, India, and Brazil. Jaime Caruana, a former governor of the Bank of Spain, the BIS’s general manager, joins them.
In early 2013, when this book went to press, King, who is due to step down as governor of the Bank of England in June 2013, chaired the ECC. The ECC, which used to be known as the G-10 governors’ meeting, is the most influential of the BIS’s numerous gatherings, open only to a small, select group of central bankers from advanced economies. The ECC makes recommendations on the membership and organization of the three BIS committees that deal with the global financial system, payments systems, and international markets. The committee also prepares proposals for the Global Economy Meeting and guides its agenda.
That meeting starts at 9:30 a.m. on Monday morning, in room B and lasts for three hours. There King presides over the central bank governors of the thirty countries judged the most important to the global economy. In addition to those who were present at the Sunday evening dinner, Monday’s meeting will include representatives from, for example, Indonesia, Poland, South Africa, Spain, and Turkey. Governors from fifteen smaller countries, such as Hungary, Israel, and New Zealand are allowed to sit in as observers, but do not usually speak. Governors from the third tier of member banks, such as Macedonia and Slovakia, are not allowed to attend. Instead they must forage for scraps of information at coffee and meal breaks.
The governors of all sixty BIS member banks then enjoy a buffet lunch in the eighteenth-floor dining room. Designed by Herzog & de Meuron, the Swiss architectural firm which built the “Bird’s Nest” Stadium for the Beijing Olympics, the dining room has white walls, a black ceiling and spectacular views over three countries: Switzerland, France, and Germany. At 2 p.m. the central bankers and their aides return to room B for the governors’ meeting to discuss matters of interest, until the gathering ends at 5.
King takes a very different approach than his predecessor, Jean-Claude Trichet, the former president of the European Central Bank, in chairing the Global Economy Meeting. Trichet, according to one former central banker, was notably Gallic in his style: a stickler for protocol who called the central bankers to speak in order of importance, starting with the governors of the Federal Reserve, the Bank of England, and the Bundesbank, and then progressing down the hierarchy. King, in contrast, adopts a more thematic and egalitarian approach: throwing open the meetings for discussion and inviting contributions from all present.
The governors’ conclaves have played a crucial role in determining the world’s response to the global financial crisis. “The BIS has been a very important meeting point for central bankers during the crisis, and the rationale for its existence has expanded,” said King. “We have had to face challenges that we have never seen before. We had to work out what was going on, what instruments do we use when interest rates are close to zero, how do we communicate policy. We discuss this at home with our staff, but it is very valuable for the governors themselves to get together and talk among themselves.”
Those discussions, say central bankers, must be confidential. “When you are at the top in the number one post, it can be pretty lonely at times. It is helpful to be able to meet other number ones and say, ‘This is my problem, how do you deal with it?’” King continued. “Being able to talk informally and openly about our experiences has been immensely valuable. We are not speaking in a public forum. We can say what we really think and believe, and we can ask questions and benefit from others.”
The BIS management works hard to ensure that the atmosphere is friendly and clubbable throughout the weekend, and it seems they succeed. The bank arranges a fleet of limousines to pick up the governors at Zürich airport and bring them to Basel. Separate breakfasts, lunches, and dinners are organized for the governors of national banks who oversee different types and sizes of national economies, so no one feels excluded. “The central bankers were more at home and relaxed with their fellow central bankers than with their own governments,” recalled Paul Volcker, the former chairman of the US Federal Reserve, who at- tended the Basel weekends. The superb quality of the food and wine made for an easy camaraderie, said Peter Akos Bod, a former governor of the National Bank of Hungary. “The main topics of discussion were the quality of the wine and the stupidity of finance ministers. If you had no knowledge of wine you could not join in the conversation.”
And the conversation is usually stimulating and enjoyable, say central bankers. The contrast between the Federal Open Markets Committee at the US Federal Reserve, and the Sunday evening G-10 governors’ dinners was notable, recalled Laurence Meyer, who served as a member of the Board of Governors of the Federal Reserve from 1996 until 2002. The chairman of the Federal Reserve did not always represent the bank at the Basel meetings, so Meyer occasionally attended. The BIS discussions were always lively, focused and thought provoking. “At FMOC meetings, while I was at the Fed, almost all the Committee members read statements which had been prepared in advance. They very rarely referred to statements by other Committee members and there was almost never an exchange between two members or an ongoing discussion about the outlook or policy options. At BIS dinners people actually talk to each other and the discussions are always stimulating and interactive focused on the serious issues facing the global economy.”
All the governors present at the two-day gathering are assured of total confidentiality, discretion, and the highest levels of security. The meetings take place on several floors that are usually used only when the governors are in attendance. The governors are provided with a dedicated office and the necessary support and secretarial staff. The Swiss authorities have no juridisdiction over the BIS premises. Founded by an international treaty, and further protected by the 1987 Headquarters Agreement with the Swiss government, the BIS enjoys similar protections to those granted to the headquarters of the United Nations, the International Monetary Fund (IMF) and diplomatic embassies. The Swiss authorities need the permission of the BIS management to enter the bank’s buildings, which are described as “inviolable.”
The BIS has the right to communicate in code and to send and receive correspondence in bags covered by the same protection as embassies, meaning they cannot be opened. The BIS is exempt from Swiss taxes. Its employees do not have to pay income tax on their salaries, which are usually generous, designed to compete with the private sector. The general man- ager’s salary in 2011 was 763,930 Swiss francs, while head of departments were paid 587,640 per annum, plus generous allowances. The bank’s extraordinary legal privileges also extend to its staff and directors. Senior managers enjoy a special status, similar to that of diplomats, while carrying out their duties in Switzerland, which means their bags cannot be searched (unless there is evidence of a blatant criminal act), and their papers are inviolable. The central bank governors traveling to Basel for the bimonthly meetings enjoy the same status while in Switzerland. All bank officials are immune under Swiss law, for life, for all the acts carried out during the discharge of their duties. The bank is a popular place to work and not just because of the salaries. Around six hundred staff come from over fifty countries. The atmosphere is multi-national and cosmopolitan, albeit very Swiss, emphasizing the bank’s hierarchy. Like many of those working for the UN or the IMF, some of the staff of the BIS, especially senior management, are driven by a sense of mission, that they are working for a higher, even celestial purpose and so are immune from normal considerations of accountability and transparency.
The bank’s management has tried to plan for every eventuality so that the Swiss police need never be called. The BIS headquarters has high-tech sprinkler systems with multiple back-ups, in-house medical facilities, and its own bomb shelter in the event of a terrorist attack or armed conflagration. The BIS’s assets are not subject to civil claims under Swiss law and can never be seized.
The BIS strictly guards the bankers’ secrecy. The minutes, agenda, and actual attendance list of the Global Economy Meeting or the ECC are not released in any form. This is because no official minutes are taken, although the bankers sometimes scribble their own notes. Sometimes there will be a brief press conference or bland statement afterwards but never anything detailed. This tradition of privileged confidentiality reaches back to the bank’s foundation.
“The quietness of Basel and its absolutely nonpolitical character provide a perfect setting for those equally quiet and nonpolitical gatherings,” wrote one American official in 1935. “The regularity of the meetings and their al- most unbroken attendance by practically every member of the Board make them such they rarely attract any but the most meager notice in the press.” Forty years on, little had changed. Charles Coombs, a former foreign exchange chief of the New York Federal Reserve, attended governors’ meetings from 1960 to 1975. The bankers who were allowed inside the inner sanctum of the governors’ meetings trusted each other absolutely, he recalled in his memoirs. “However much money was involved, no agreements were ever signed nor memoranda of understanding ever initialized. The word of each official was sufficient, and there were never any disappointments.”
What, then, does this matter to the rest of us? Bankers have been gathering confidentially since money was first invented. Central bankers like to view themselves as the high priests of finance, as technocrats overseeing arcane monetary rituals and a financial liturgy understood only by a small, self-selecting elite.
But the governors who meet in Basel every other month are public servants. Their salaries, airplane tickets, hotel bills, and lucrative pensions when they retire are paid out of the public purse. The national reserves held by central banks are public money, the wealth of nations. The central bankers’ discussions at the BIS, the information that they share, the policies that are evaluated, the opinions that are exchanged, and the subsequent decisions that are taken, are profoundly political. Central bankers, whose independence is constitutionally protected, control monetary policy in the developed world. They manage the supply of money to national economies. They set interest rates, thus deciding the value of our savings and investments. They decide whether to focus on austerity or growth. Their decisions shape our lives.
The BIS’s tradition of secrecy reaches back through the decades. During the 1960s, for example, the bank hosted the London Gold Pool. Eight countries pledged to manipulate the gold market to keep the price at around thirty-five dollars per ounce, in line with the provisions of the Bretton Woods Accord that governed the post–World War II international financial system. Although the London Gold Pool no longer exists, its successor is the BIS Markets Committee, which meets every other month on the occasion of the governors’ meetings to discuss trends in the financial markets. Officials from twenty-one central banks attend. The committee releases occasional papers, but its agenda and discussions remain secret.
Nowadays the countries represented at the Global Economy Meetings together account for around four-fifths of global gross domestic product (GDP)— most of the produced wealth of the world—according to the BIS’s own statistics. Central bankers now “seem more powerful than politicians,” wrote The Economist newspaper, “holding the destiny of the global economy in their hands.” How did this happen? The BIS, the world’s most secretive global financial institution, can claim much of the credit. From its first day of existence, the BIS has dedicated itself to furthering the interests of central banks and building the new architecture of transnational finance. In doing so, it has spawned a new class of close-knit global technocrats whose members glide between highly-paid positions at the BIS, the IMF, and central and commercial banks.
The founder of the technocrats’ cabal was Per Jacobssen, the Swedish economist who served as the BIS’s economic adviser from 1931 to 1956. The bland title belied his power and reach. Enormously influential, well connected, and highly regarded by his peers, Jacobssen wrote the first BIS annual reports, which were—and remain—essential reading throughout the world’s treasuries. Jacobssen was an early supporter of European federalism. He argued relentlessly against inflation, excessive government spending, and state intervention in the economy. Jacobssen left the BIS in 1956 to take over the IMF. His legacy still shapes our world. The consequences of his mix of economic liberalism, price obsession, and dismantling of national sovereignty play out nightly in the European news bulletins on our television screens.
The BIS’s defenders deny that the organization is secretive. The bank’s archives are open and researchers may consult most documents that are more than thirty years old. The BIS archivists are indeed cordial, helpful, and professional. The bank’s website includes all its annual reports, which are downloadable, as well as numerous policy papers produced by the bank’s highly regarded research department. The BIS publishes detailed accounts of the securities and derivatives markets, and international banking statistics. But these are largely compilations and analyses of information already in the public domain. The details of the bank’s own core activities, including much of its banking operations for its customers, central banks, and international organizations, remain secret. The Global Economy Meetings and the other crucial financial gatherings that take place at Basel, such as the Markets Committee, remain closed to outsiders. Private individuals may not hold an account at BIS, unless they work for the bank. The bank’s opacity, lack of accountability, and ever-increasing influence raises profound questions— not just about monetary policy but transparency, accountability, and how power is exercised in our democracies.
* * *
WHEN I EXPLAINED to friends and acquaintances that I was writing a book about the Bank for International Settlements, the usual response was a puzzled look, followed by a question: “The bank for what?” My interlocutors were intelligent people, who follow current affairs. Many had some interest in and understanding of the global economy and financial crisis. Yet only a handful had heard of the BIS. This was strange, as the BIS is the most important bank in the world and predates both the IMF and the World Bank. For decades it has stood at the center of a global network of money, power, and covert global influence.
The BIS was founded in 1930. It was ostensibly set up as part of the Young Plan to administer German reparations payments for the First World War. The bank’s key architects were Montagu Norman, who was the governor of the Bank of England, and Hjalmar Schacht, the president of the Reichsbank who described the BIS as “my” bank. The BIS’s founding members were the central banks of Britain, France, Germany, Italy, Belgium, and a consortium of Japanese banks. Shares were also offered to the Federal Reserve, but the United States, suspicious of anything that might infringe on its national sovereignty, refused its allocation. Instead a consortium of commercial banks took up the shares: J. P. Morgan, the First National Bank of New York, and the First National Bank of Chicago.
The real purpose of the BIS was detailed in its statutes: to “promote the cooperation of central banks and to provide additional facilities for international financial operations.” It was the culmination of the central bankers’ decades-old dream, to have their own bank—powerful, independent, and free from interfering politicians and nosy reporters. Most felicitous of all, the BIS was self-financing and would be in perpetuity. Its clients were its own founders and shareholders— the central banks. During the 1930s, the BIS was the central meeting place for a cabal of central bankers, dominated by Norman and Schacht. This group helped rebuild Germany. The New York Times described Schacht, widely acknowledged as the genius behind the resurgent German economy, as “The Iron-Willed Pilot of Nazi Finance.” During the war, the BIS became a de-facto arm of the Reichsbank, accepting looted Nazi gold and carrying out foreign exchange deals for Nazi Germany.
The bank’s alliance with Berlin was known in Washington, DC, and London. But the need for the BIS to keep functioning, to keep the new channels of transnational finance open, was about the only thing all sides agreed on. Basel was the perfect location, as it is perched on the northern edge of Switzerland and sits al- most on the French and German borders. A few miles away, Nazi and Allied soldiers were fighting and dying. None of that mattered at the BIS. Board meetings were suspended, but relations between the BIS staff of the belligerent nations remained cordial, professional, and productive. Nationalities were irrelevant. The overriding loyalty was to international finance. The president, Thomas McKittrick, was an American. Roger Auboin, the general manager, was French. Paul Hechler, the assistant general manager, was a member of the Nazi party and signed his correspondence “Heil Hitler.” Rafaelle Pilotti, the secretary general, was Italian. Per Jacobssen, the bank’s influential economic adviser, was Swedish. His and Pilotti’s deputies were British.
After 1945, five BIS directors, including Hjalmar Schacht, were charged with war crimes. Germany lost the war but won the economic peace, in large part thanks to the BIS. The international stage, contacts, banking networks, and legitimacy the BIS provided, first to the Reichsbank and then to its successor banks, has helped ensure the continuity of immensely powerful financial and economic interests from the Nazi era to the present day.
* * *
FOR THE FIRST forty-seven years of its existence, from 1930 to 1977, the BIS was based in a former hotel, near the Basel central railway station. The bank’s entrance was tucked away by a chocolate shop, and only a small notice confirmed that the narrow doorway opened into the BIS. The bank’s managers believed that those who needed to know where the BIS was would find it, and the rest of the world certainly did not need to know. The inside of the building changed little over the decades, recalled Charles Coombs. The BIS provided the “the spartan accommodations of a former Victorian-style hotel whose single and double bedrooms had been transformed into offices simply by removing the beds and installing desks.”
The bank moved into its current headquarters, at 2, Centralbahnplatz, in 1977. It did not go far and now overlooks the Basel central station. Nowadays the BIS’s main mission, in its own words, is threefold: “to serve central banks in their pursuit of monetary and financial stability, to foster international cooperation in these areas, and to act as a bank for central banks.” The BIS also hosts much of the practical and technical infrastructure that the global network of central banks and their commercial counterparts need to function smoothly. It has two linked trading rooms: at the Basel headquarters and Hong Kong regional office. The BIS buys and sells gold and foreign exchange for its clients. It provides asset management and arranges short-term credit to central banks when needed.
The BIS is a unique institution: an international organization, an extremely profitable bank and a research institute founded, and protected, by international treaties. The BIS is accountable to its customers and shareholders—the central banks—but also guides their operations. The main tasks of a central bank, the BIS argues, are to control the flow of credit and the volume of currency in circulation, which will ensure a stable business climate, and to keep exchange rates within manageable bands to ensure the value of a currency and so smooth international trade and capital movements. This is crucial, especially in a globalized economy, where markets react in microseconds and perceptions of economic stability and value are almost as important as reality itself.
The BIS also helps to supervise commercial banks, although it has no legal powers over them. The Basel Committee on Banking Supervision, based at the BIS, regulates commercial banks’ capital and liquidity requirements. It requires banks to have a minimum capital of eight percent of risk-weighted assets when lending, meaning that if a bank has risk-weighted assets of $100 million it must maintain at least $8 million capital. The committee has no powers of enforcement, but it does have enormous moral authority. “This regulation is so powerful that the eight percent principle has been set into national laws,” said Peter Akos Bod. “It’s like voltage. Voltage has been set at 220. You may decide on ninety-five volts, but it would not work.” In theory, sensible housekeeping and mutual cooperation, overseen by the BIS, will keep the global financial system functioning smoothly. In theory.
The reality is that we have moved beyond recession into a deep structural crisis, one fueled by the banks’ greed and rapacity, which threatens all of our financial security. Just as in the 1930s, parts of Europe face economic collapse. The Bundesbank and the European Central Bank, two of the most powerful members of the BIS, have driven the mania for austerity that has already forced one European country, Greece, to the edge, aided by the venality and corruption of the country’s ruling class. Others may soon follow. The old order is creaking, its political and financial institutions corroding from within. From Oslo to Athens, the far right is resurgent, fed in part by soaring poverty and unemployment. Anger and cynicism are corroding citizens’ faith in democracy and the rule of law. Once again, the value of property and assets is vaporizing before their owners’ eyes. The European currency is threatened with breakdown, while those with money seek safe haven in Swiss francs or gold. The young, the talented, and the mobile are again fleeing their home countries for new lives abroad. The powerful forces of international capital that brought the BIS into being, and which granted the bank its power and influence, are again triumphant.
The BIS sits at the apex of an international financial system that is falling apart at the seams, but its officials argue that it does not have the power to act as an international financial regulator. Yet the BIS cannot escape its responsibility for the Euro-zone crisis. From the first agreements in the late 1940s on multilateral payments to the establishment of the Europe Central Bank in 1998, the BIS has been at the heart of the European integration project, providing technical expertise and the financial mechanisms for currency harmonization. During the 1950s, it managed the European Payments Union, which internationalized the continent’s payment system. The BIS hosted the Governors’ Committee of European Economic Community central bankers, set up in 1964, which coordinated trans-European monetary policy. During the 1970s, the BIS ran the “Snake,” the mechanism by which European currencies were held in exchange rate bands. During the 1980s the BIS hosted the Delors Committee, whose report in 1988 laid out the path to European Monetary Union and the adoption of a single currency. The BIS midwifed the European Monetary Institute (EMI), the precursor of the European Central Bank. The EMI’s president was Alexandre Lamfalussy, one of the world’s most influential economists, known as the “Father of the euro.” Before joining the EMI in 1994, Lamfalussy had worked at the BIS for seventeen years, first as economic adviser, then as the bank’s general manager.
For a staid, secretive organization, the BIS has proved surprisingly nimble. It survived the first global depression, the end of reparations payments and the gold standard (two of its main reasons for existence), the rise of Nazism, the Second World War, the Bretton Woods Accord, the Cold War, the financial crises of the 1980s and 1990s, the birth of the IMF and World Bank, and the end of Communism. As Malcolm Knight, manager from 2003–2008, noted, “It is encouraging to see that—by remaining small, flexible, and free from political interference—the Bank has, throughout its history, succeeded remarkably well in adapting itself to evolving circumstances.”
The bank has made itself a central pillar of the global financial system. As well as the Global Economy Meetings, the BIS hosts four of the most important international committees dealing with global banking: the Basel Committee on Banking Supervision, the Committee on the Global Financial System, the Committee on Payment and Settlement Systems, and the Irving Fisher Committee, which deals with central banking statistics. The bank also hosts three independent organizations: two groups dealing with insurance and the Financial Stability Board (FSB). The FSB, which coordinates national financial authorities and regulatory policies, is already being spoken of as the fourth pillar of the global financial system, after the BIS, the IMF and the commercial banks.
The BIS is now the world’s thirtieth-largest holder of gold reserves, with 119 metric tons—more than Qatar, Brazil, or Canada. Membership of the BIS remains a privilege rather than a right. The board of directors is responsible for admitting central banks judged to “make a substantial contribution to international monetary cooperation and to the Bank’s activities.” China, India, Russia, and Saudi Arabia joined only in 1996. The bank has opened offices in Mexico City and Hong Kong but remains very Eurocentric. Estonia, Latvia, Lithuania, Macedonia, Slovenia, and Slovakia (total population 16.2 million) have been admitted, while Pakistan (population 169 million) has not. Nor has Kazakhstan, which is a powerhouse of Central Asia. In Africa only Algeria and South Africa are members—Nigeria, which has the continent’s second-largest economy, has not been admitted. (The BIS’s defenders say that it demands high governance standards from new members and when the national banks of countries such as Nigeria and Pakistan reach those standards, they will be considered for membership.)
Considering the BIS’s pivotal role in the transnational economy, its low profile is remarkable. Back in 1930 a New York Times reporter noted that the culture of secrecy at the BIS was so strong that he was not permitted to look inside the boardroom, even after the directors had left. Little has changed. Journalists are not allowed inside the headquarters while the Global Economy Meeting is underway. BIS officials speak rarely on the record, and reluctantly, to members of the press. The strategy seems to work. The Occupy Wall Street movement, the anti-globalizers, the social network protesters have ignored the BIS. Centralbahnplatz 2, Basel, is quiet and tranquil. There are no demonstrators gathered outside the BIS’s headquarters, no protestors camped out in the nearby park, no lively reception committees for the world’s central bankers.
As the world’s economy lurches from crisis to crisis, financial institutions are scrutinized as never before. Legions of reporters, bloggers, and investigative journalists scour the banks’ every move. Yet somehow, apart from brief mentions on the financial pages, the BIS has largely managed to avoid critical scrutiny. Until now!
April 11th, 2015 by olddog
From Olddog: Conversion from PDF to word document is not an easy task. Please excuse the lack of normal formatting. THIS IS A MUST READ DOCUMENT!!!
PLEASE NOTE: The following research was done by John B. Nelson on behalf of the American people and those who considered themselves to be Coloradoans. While Mr. Nelson’s research will shock and dismay most who read it, it will be impossible for anyone to fix our Constitutional Republic if we remain unaware of the fraudulent changes that have been inflicted on our country by the international banksters and their BAR attorneys. The book Fruit from a Poisonous Tree by attorney Melvin Stamper is recommended as a companion to this work. His book is available on Amazon or at Barnes and Noble. Disclaimer The original work and research of John B. Nelson has been reformatted by the AntiCorruption Society.com into this booklet. The references have been relocated into footnotes to make the contents easier to read. John’s work was not copyrighted as he meant to freely share it with all Americans. We are very grateful to John B. Nelson for the many hours (years?) he dedicated to researching the carnage the international bankers and their BAR attorneys have inflicted on the American people. 2 OHN B NELSON TO: The American National People, The People of The State of Colorado, U.S.A. February 21, 1992 DECLARATION OF CAUSE AND NECESSITY TO ABOLISH AND DECLARATION OF SEPARATE AND EQUAL STATION I have enclosed Senate Report No. 93-549, 93rd Congress, 1st Session (1973), “Summary Of Emergency Power Statutes”, consisting of 607 pages, which I believe you will find most interesting. The United States went “Bankrupt” in 1933 and was declared so by President Roosevelt by Executive Orders 6073, 6102, 6111 and by Executive Order 6260 on March 9, 1933,1 under the “Trading with The Enemy Act”2 , and as codified at 12 U.S.C.A. 95a. On May 23, 1933, Congressman, Louis T. McFadden, brought formal charges against the Board of Governors of the Federal Reserve Bank System, the Comptroller of the Currency and the Secretary of the United States Treasury for criminal acts. The petition for Articles of Impeachment was thereafter referred to the Judiciary Committee, and has yet to be acted upon.3 Congress confirmed the Bankruptcy on June 5, 1933, and impaired the obligations and considerations of contracts through the “Joint Resolution To Suspend The Gold Standard And Abrogate The Gold Clause, June 5, 1933″. 4 The several States of the Union pledged the faith and credit thereof to the aid of the National Government, and formed numerous socialist committees, such as the “Council Of State Governments”, “Social Security Administration” etc., to purportedly deal with the economic “Emergency.” These 1 See: Senate Report 93-549, pgs. 187 & 594 2 Sixty-Fifth Congress, Sess. I, Chs. 105, 106, October 5, 1917 3 See: Congressional Record, pp. 4055-4058 4 See: House Joint Resolution 192, 73rd Congress, 1st Session 3 rganizations operated under the “Declaration of INTERdependence” of January 22, 1937, and published some of their activities in “The Book of the States.” The 1937 edition of the Book of the States openly declared that the people engaged in such activities as the Farming/Husbandry Industry had been reduced to mere feudal “Tenants” on their Land.5 This of course was compounded by such activities as price fixing wheat and grains,6 quota regulations,7 and livestock products,8 which have been consistently below the costs of production, interest on loans and inflation of the paper “Bills of Credit”, leaving the food producers and others in a state of peonage and involuntary servitude, constituting the taking of private property, for the benefit and use of others, without just compensation. NOTE: The Council Of State governments has now been absorbed into such things as the “National Conference Of Commissioners On Uniform State Laws”, whose Headquarters Office is located at 676 North St. Clair Street, Suite 1700, Chicago, Illinois 60611, and “all” being “members of the Bar”, and operating under a different “Constitution and By Laws”, far distant from the depositories of the public Records, has promulgated, lobbied for, passed, adjudicated and ordered the implementation and execution of their purported “Uniform” and “Model” Acts and pretended statutory provisions, to “help implement international treaties of the United States or where world uniformity would be desirable.”9 This is apparently what Robert Bork meant when he wrote “we are governed not by law or elected representatives but by an unelected, unrepresentative, unaccountable committee of lawyers applying no will but their own.”10 This association has been engaged in activities such as turning “Marriage” (licensed) into “International Private Law”, through its International Liaisons, which meet at such places as the Hague Conferences.11 5 Book Of The States, 1937, pg. 155 6 7 U.S.C.A. 1332 7 7 U.S.C.A. 1371 8 7 U.S.C.A. 1903 9 See: 1990/91 Reference Book, National Council Of Commissioners On Uniform State Laws, pg. 2 10 See: The Tempting Of America, Robert H. Bork, pg. 130 4 n April 25, 1938, the Supreme Court overturned the standing precedents of the prior 150 years concerning “common law,” in the Federal Government. “THERE IS NO FEDERAL COMMON LAW, AND CONGRESS HAS NO POWER TO DECLARE SUBSTANTIVE RULES OF COMMON LAW APPLICABLE IN A STATE, WHETHER THEY BE LOCAL OR GENERAL IN THEIR NATURE, BE THEY COMMERCIAL LAW OR A PART OF THE LAW OF TORTS.”12 The Common Law is the fountain source of Substantive and Remedial Rights, if not our very Liberties.13 The members and association of the Bar thereafter formed committees, granted themselves special privileges, immunities and franchises, and held meetings concerning the Judicial procedures, and further, to amend laws “to conform to a trend of judicial decisions or to accomplish similar objectives”, including hodgepodging the jurisdictions of Law and Equity together, which is known today as “One Form Of Action.”14 NOTE: The enumerated, specified and distinct Jurisdictions established by the ordained Constitution (1789), Article III, Section 2, and under the Bill of Rights (1791), Amendment VII, were further hodgpodged and fundamentally changed in 1982 to include Admiralty Jurisdiction, which was once again brought inland. 11 See: Handbook Of Commissioners On Uniform State Laws, 1966 Ed., pg. 156-157 12 See: Erie Railroad Co. Vs. Tompkins, 304 U.S. 64, 82 L.Ed. 1188 13 See: Stephen, A Treaties On The Principles Of Pleading, Introduction, Pg. 23; Hemmingway, History Of Common Law Pleading As Evidence Of The Growth Of Individual Liberty And Power Of The Courts, 5 Alabama Law Journal 1; Swift vs. Tyson, 16 Peters 1, 10 L.Ed. 865; Constitution, Article III, Section 2, Amendments VII, IX and X. 14 See: Constitution And By Laws, Article 3, Section 3.3(c), 1990-91 Reference Book, supra, see also, Colorado Methods of Practice, West Pub., Vol. 4, pgs. 2- 3, Authors Comments 5 This is the FUNDAMENTAL CHANGE necessary to effect unification of CIVIL and ADMIRALTY PROCEDURE. Just as the 1938 Rules ABOLISHED THE DISTINCTION between ACTIONS AT LAW and SUITS IN EQUITY, this change would ABOLISH THE DISTINCTION between CIVIL ACTIONS and SUITS IN ADMIRALTY.”15 The United States thereafter entered the Second World War during which time the “League of Nations” was reinstituted under pretense of the “United Nations”16, and the “Bank For International Settlements” reinstituted under pretense of the “Bretton Woods Agreement”17 as the “International Monetary Fund” (The Fund)18 and the International Bank For Reconstruction And Development” (The Bank)19. The United States as a corporate body politic (artificial) came out of World War II in worse economic shape than when it entered, and in 1950 declared Bankruptcy and “Reorganization.” The Reorganization is located in Title 5 of United States Codes Annotated. The “Explanation” at the beginning of 5 U.S.C.A. is most informative reading. The “Secretary of Treasury” was appointed as the “Receiver” in Bankruptcy.20 The United States went down the road and periodically filed for further Reorganization. Things and situations worsened, having done what they were Commanded NOT to do,21 and in 1965 passed the “Coinage Act of 1965″ completely debasing the Constitutional Coin (gold & silver i.e. Dollar).22 At the signing of the Coinage Act on July 23, 1965, then President Lyndon B. Johnson stated in his Press Release that: 15 Federal Rules Of Civil Procedure, 1982 Ed., pg. 17, also see, Federalist Papers No. 83; Declaration Of Resolves Of The First Continental Congress; Oct. 14, 1774, Declaration Of Cause And Necessity Of Taking Up Arms; July 6, 1775, Declaration of Independence; July 4, 1776, Bennet vs. Butterworth, 52 U.S. 669 16 See: 22 U.S.C.A. 287 et. seq. 17 See: 60 Stat. 1401, 22 U.S.C.A. 286 et. seq. 18 [Referredf to as the IMF] 19 [Known today as the World Bank] 20 See: Reorganization Plan No. 26, 5 U.S.C.A. 903, Public Law 94-564, Legislative History, pg. 5967 21 See: Madison’s Notes , Constitutional Convention, August 16, 1787, Federalist Papers No. 44 [formed a corporation masquerading as a government] 22 See: 18 U.S.C.A. 331 & 332, U.S. vs. Marigold, 50 U.S. 560, 13 L.Ed. 257 6 When I have signed this bill before me, we will have made the first fundamental change in our coinage in 173 years. The Coinage Act of 1965 supersedes the Act of 1792. And that Act had the title: An Act Establishing a Mint and Regulating the Coinage of the United States….” “Now I will sign this bill to make the first change in our coinage system since the 18th Century. To those members of Congress, who are here on this historic occasion, I want to assure you that in making this change from the 18th Century we have no idea of returning to it.” It is important to take cognizance of the fact that NO Constitutional Amendment was ever obtained to FUNDAMENTALLY CHANGE, amend, abridge or abolish the Constitutional mandates, provisions or prohibitions, but due to internal and external diversions surrounding the Viet Nam War etc., the usurpation and breach went basically unchallenged and unnoticed by the general public at large, who became “a wealthy man’s cannon fodder or cheap source of SLAVE LABOR.”23 Congress was clearly delegated the Power and Authority to regulate and maintain the true and inherent “value” of the Coin within the scope and purview of Article I, Section 8, Clauses 5 & 6 and Article I, Section 10, Clause 1, of the ordained Constitution (1787), and further, under a corresponding duty and obligation to maintain said gold and silver Coin and Foreign Coin at and within the necessary and proper “equal weights and measures” clause.24 Those exercising the Offices of the several States, in equal measure, knew such “De Facto Transitions” were unlawful and unauthorized, but sanctioned, implemented and enforced the complete debauchment and the resulting “governmental, social, industrial economic change” in the “De Jure” States and in United State of America,25 and were and are now 23 See: Silent Weapons For Quiet Wars, TM-SW7905.1, pgs. 6, 7, 8, 9, 12, 13 & 56 24 See also: Bible, Dueteronomy, Chapter 25, verses 13 thru 16, Proverbs, Chapter 16, verse 11, Public Law 97-289, 96 Stat. 1211 25 See: Public Law 94-564, Legislative History, pg. 5936, 5945, 31 U.S.C.A. 314, 31 U.S.C.A 321, 31 U.S.C.A. 5112, C.R.S. 11-61-101 C.R.S. 39-22-103.5 and C.R.S. 18-11-203 7 under the delusion that they can do both directly and indirectly what they were absolutely prohibited from doing.26 In 1966, Congress being severely compromised, passed the “Federal Tax Lien Act of 1966″, by which the entire taxing and monetary system i.e. “Essential Engine”27 was placed under the Uniform Commercial Code.28 The Uniform Commercial Code was of course promulgated by the National Conference of Commissioners On Uniform State Laws in collusion with American Law Institute for the “banking and business interests.”29 The United States being engaged in numerous United Nation conflicts, including the Korean and the Viet Nam Conflicts, which were under direction of the United Nations,30 and agreeing to foot the bill,31 and not being able to honor their obligations and re-hypothecated debt credit, openly and publicly dishonored and disavowed their “Notes” and “Obligations”32 i.e. “Federal Reserve Notes” Through Public Law 90- 269, Section 2, 82 Stat. 50 (1968) to wit: 26 See: also, Federalist Papers No. 44, Craig vs. Missouri , 4 Peters 903 27 See: Federalist Papers No. 31 28 See: Public Law 89-719 , Legislative History, pg. 3722, also see; C.R.S. 5-1- 106 29 See: Handbook Of The National Conference Of Commissioners On Uniform State Laws. (1966) Ed. pgs. 152 &153 30 See: 22 U.S.C.A. 287d 31 See: 22 U.S.C.A. 287j 32 12 U.S.C.A. 411 8 Sec. 2. The first sentence of section 15 of the Federal Reserve Act33 is amended by striking ‘and the funds provided in this Act for the redemption of Federal Reserve Notes’.” Things steadily grew worse and on March 28, 1970, then President Nixon issued Proclamation No. 3972, declaring an “emergency” because the Postal Employees struck against the de facto government (?) for higher pay, due to inflation of the paper “Bills of Credit.”34 Nixon placed the U.S. Postal Department under the control of the “Department of Defense.”35 The System had been faltering for a decade, but the bench mark date of the collapse is put at August 15, 1971. On this day, then President Nixon reversed U.S. International Monetary Policy by officially declaring the non-convertibility of the “U.S. dollar” (the Federal Reserve Note (FRN)) into gold.”36 On September 21, 1973, Congress passed Public Law 93- 110, amending the Bretton Woods Par Value Modification Act37 and reiterated the “Emergency”38, and which included “reports on foreign currency transactions.”39 This act further declared in Section 2 (b) that: “No provision of any law in effect on the date of enactment of this Act, and no rule, regulation, or order under authority of any such law, may be construed to prohibit any person from purchasing, holding, selling, or otherwise dealing with gold.” On January 19, 1976, Marjorie S. Holt noted for the record, a second “Declaration Of INTER-dependence” and clearly identified the U.N. as a “Communist” organization, and that they were seeking both production 33 12 U.S.C. 391 34 See: Senate Report No. 93-549, pg. 596 35 See: Department Of the Army Field Manual, FM 41-10 (1969 ed. 36 See: Public Law 94-564, Legislative History, pg. 5937 & Senate Report No. 93-549, Foreword, pg. III, Proclamation No. 4074, pg. 597, 31 U.S.C.A. 314 & 31 U.S.C.A. 5112 37 82 Stat. 116, 31 U.S.C.A. 449 38 12 U.S.C.A 95a, and Section 8 of the Bretton Woods Agreements Act of 1945 (22 U.S.C.A 286f 39 Also See: Executive Order No. 10033 9 and monetary control over the Union and People through International Organization promoting the “One World Order.”40 The socio/economic situation worsened as noted in the Complaint/Petition, filed in the U.S. Court of Claims, Docket No. 41-76, on February 11, 1976, by 44 Federal Judges, Atkins et al. vs. U.S.. Atkins et al. complained that “As a result of inflation, the compensation of federal judges has been substantially diminished each year since 1969, causing direct and continuing monetary harm to plaintiffs…the real value of the “dollar” (FRN’s) decreased by approximately 34.5 percent from March 15, 1969 to October 1, 1975….As a result, plaintiffs have suffered an unconstitutional deprivation of earnings”, and in the prayer for relief claimed “damages for the constitutional violations enumerated above, measured as the diminution of his earnings for the entire period since March 9, 1969.” It is quite apparent that the persons holding and enjoying Offices of Public Trust, Honor and/or Profit knew of the emergent problem and sought protection for themselves, to the damage and injury of the People and Children, who were classified as “a club that has many other members” who “have no remedy.” And knowing that “heinous” acts had been committed, stated that they [judges/lawyers] would not apply the Law, nor would any substantive remedy be applied (“checked more or less, but never stopped”) “until all of us [judges] are dead.” Such persons fraudulently swore an Oath to uphold, defend and preserve the sovereignty of the Nation and several Republican States of the Union, and breached the Duty to protect the People/Citizens and their Posterity from fraud, imposition, avarice and stealthy encroachment.41 This is verified in Public Law 94-564, Legislative History, pg. 5944, which states: “Moving to a floating exchange rate for international commerce means private enterprise and not central governments bear the risk of currency fluctuations.” 40 See: Congressional Record, January 19, 1976, Extension of remarks; also see, 8 U.S.C.A. 1101 (40) , 50 U.S.C.A. 781 & 783 41 See: Atkins et al. vs. U.S., 556 F.2d 1028, pg. 1072, 1074, The Tempting of America, supra, pgs. 155-159 also see, 5 U.S.C.A. 5305 & 5335, Senate Report No. 93-549, pgs. 69-71, C.R.S. 24-75-101 10 numerous serious debates were held in Congress, including but not limited to, Tuesday, July 27, 1976,42 concerning the International Financial Institutions and its operations. Representative, Ron Paul, Chairman of the House Banking Committee, made numerous references to the true practices of the “International” financial institutions, including but not limited to, the conversion of 27,000,000 (27 million) in gold, contributed by the United States as part of its “quota obligations”, which the International Monetary Fund (Governor-Secretary of Treasury) sold 43, under some very questionable terms and concessions. 44 On October 28, 1977 the passage of Public Law 95-147, 91 Stat. 1227 declared most banking institutions, including State banks, to be under direction and control of the corporate “Governor” of the International Monetary Fund. 45 The Act further declared that: “(2) Section 10(a) of the Gold Reserve Act of 193446 is amended by striking out the phrase ‘stabilizing the exchange value of the dollar’…” (c) The joint resolution entitled ‘Joint resolution to assure uniform value to the coins and currencies of the United States’, approved June 5, 193347 shall not apply to obligations issued on or after the date of enactment of this section.” The International Organizations, Corporations and Associations, had refused to pay their debts and could not pay their debts, and determined that they could pass the loss of their non-redeemable, non-current notes, bonds and evidences of debt off on others, and thereby crown their fraud 42 See: Congressional Record – House, July 27, 1976 43 See: Public Law 94-564, Legislative History, pg. 5945 & 5946 44 Also see: The Ron Paul Money Book, (1991), by Ron Paul, Plantation Publishing, 837 W. Plantation, Clute, Texas 77531 45 See: Public Law 94-564, Legislative History, pg. 5942, United States Government Manual 1990/91, pgs. 480-481 46 31 U.S.C. 822a (b) 47 31 U.S.C. 463 11th success. 48 The de facto United States as Corporator, 49 and “state”50 had declared “Insolvency.”51 In 1980 Congress passed, among other things, Public Law 96-221, providing for the furtherance and expansion of the profligate re-hypothecated debt pyramid scheme, and reduced the reserve requirements on “transaction accounts” to a minimum of 3% per centum to a maximum of 14 per centum. 52 “In the United States neither paper currency nor deposits have value as commodities. Intrinsically, a dollar bill is just a piece of paper. Deposits are merely book entries. Coins do have some intrinsic value as metal, but generally far less than their face amount….” Compare this with the United States Constitution, which says: “No State shall make anything but gold and silver coin a tender in payment of debt…” and which also says: “Congress shall have the power to coin money and regulate the value thereof…” (Italics added for emphasis; this paragraph added to the original John B. Nelson document of February 21, 1992 on July 18, 1999 to reiterate what was stated previously in this document and to demonstrate, first hand, yet another way the Constitution is being usurped, in fact and in intent). “In the absence of legal reserve requirements, banks can build up deposits by increasing loans and investments so long as they keep enough currency on hand to redeem whatever amounts the holders of deposits want to convert into currency. This unique attribute of the banking business was discovered several 48 See: Letter, October 26, 1989 from Department of Treasury, Russell L. Munk, Assistant General Counsel (International Affairs), as recorded in the Office of Clerk and Recorder, Baca County, Colorado, at Book, 540 Page 364 49 22 U.S.C.A. 286e, et seq. 50 C.R.S. 24-36-104, C.R.S. 24-60-1301, Article IV(h) 51 See: 26 I.R.C. 165 (g)(1), U.C.C 1-201 (23), C.R.S. 39-22-103.5, Westfall vs. Braley. 10 Ohio 188, 75 Am. Dec. 509, Adams vs. Richardson, 337 S.W.2d 911 Ward vs. Smith, 7 Wall 447 52 See: Depository Institutions Deregulation And Monetary Control Act of 1980, Section 103(b) (E)(2) 12 centuries ago. At one time, bankers were merely middlemen. They made profit by accepting gold and coins brought to them for safekeeping and lending them to borrowers. But they soon found that the receipts they issued to depositors were being used as money since whoever held them could go to the banker and exchange them for metallic money. Then bankers discovered that they could make loans merely by giving borrowers their promises to pay (bank notes). In this way, banks began to create money. More notes could be issued than the gold and coin on hand because only a portion of the notes outstanding would be presented for payment at any one time. Enough metallic money had to be kept on hand, of course, to redeem whatever volume of notes was presented for payment. Transaction deposits are the modern counter-part of bank notes. It was a small step from printing notes to making book entries to the credit of borrowers which the borrowers, in turn, could “spend” by writing checks, thereby “printing their own money.”53 Fifty nine (59) years is NOT “temporary.” It’s a permanent state of “Emergency”, and was clearly instituted, formed and erected within the Union through gross usurpations, abridgments, malfeasance and breach of legal duties, and the continual contrivance, misrepresentation, conversion, fluctuations, fraud and avarice of the International Financial Institutions, Organizations, Corporations and Associations, including the Federal Reserve, their “fiscal and depository agent” 54. This profligate practice has led to such “Emergency” legislation as the “Public Debt Limit-Balance Budget and Emergency Deficit Control Act of 1985″, Public Law 99-177, etc. The government by becoming a corporator, 55 lays down its sovereignty and takes on that of a private citizen. It can exercise no power which is 53 See: Modern Money Mechanics , a workbook on deposits currency and bank reserves., 1982 Rev. Ed., Federal Reserve Bank of Chicago, P.O. Box 834, Chicago, Illinois 60690, pgs. 3 & 4 54 22 U.S.C.A. 286d 55 See: 22 U.S.C.A 286e 13 is derived from the corporate charter. 56 The real party in interest is not the de jure “United States of America” or “State”, but “The Bank” and “The Fund.” 57 The acts committed under fraud, force and seizures are many times done under “Letters of Marque and Reprisal” i.e. “recapture.”58 Such principles as “Fraud and Justice NEVER dwell together” Wingate’s Maxims 680, and “A right of action cannot arise out of fraud.” Broom’s Maxims 297, 729; Cowper’s Reports 343; 5 Scott’s New Reports 558; 10 Mass. 276; 38 Fed. 800, are too high of a thought concept, as is “Due Process”, “Just Compensation” and Justice itself. Honor is earned by honesty and integrity, not under false and fraudulent pretenses, nor will the color of the cloth one wears cover-up the usurpations, lies, trickery and deceits. When Black is fraudulently declared to be White, not all will live in darkness. As astutely observed by Will Rogers, “there are men running governments who shouldn’t be allowed to play with matches”, and is as applicable today as Jesus’ statements about Lawyers. The contrived “emergency” has created numerous abuses and usurpations, and abridgments of delegated Powers and Authority. As stated in Senate Report 93-549: “Since March 9, 1933, the United States has been in a state of declared national emergency. In fact, there are now in effect four presidentially proclaimed states of national emergency: In addition to the national emergency declared by President Roosevelt in 1933, there are also the national emergency proclaimed by President Truman on December 16, 1950, during the Korean conflict, and the states of national emergency declared by President Nixon on March 23, 1970, and August 15, 1971. These proclamations give force to 470 provisions of Federal Law. These hundreds of statutes delegate to the President extraordinary powers, ordinarily exercised by the Congress, which affect the lives of American citizens in a host of alien-compassing manners. This vast range of powers, taken 56 See: The Bank of the United States vs. Planters Bank of Georgia, 6 L. Ed. (9 Wheat) 244, U.S. vs. Burr, 309 U.S. 242 57 22 U.S.C.A 286, et seq., C.R.S. 11-60-103 58 See: 31 U.S.C.A. 5323 14 together, confer enough authority to rule the country without reference to normal constitutional process. Under the powers delegated by these statutes, the President may: seize property; organize and control the means of production; seize commodities; assign military forces abroad; institute martial law; seize and control all transportation and communication; regulate the operation of private enterprise; restrict travel; and in a plethora of particular ways, control the lives of all American citizens.” (See: Foreword, pg. III). The “Introduction”, on page 1, begins with a phenomenal declaration, to wit: “A majority of the people of the United States have lived all of their lives under emergency rule. For 40 years, freedoms and governmental procedures guaranteed by the Constitution have in varying degrees been abridged by laws brought into force by states of national emergency…” According to the research done in 16 American Jurisprudence, 2nd Edition, Sections 71 and 82, no “emergency” justifies a violation of any Constitutional provision. Arguendo, “Supremacy Clause” and “Separation of Powers”, it is clearly admitted in Senate Report No. 93- 549 that abridgment has occurred. The statements heard in the federal and state Tribunals, on numerous occasions, that Constitutional arguments are “immaterial”, “frivolous” etc., is based upon the concealment, furtherance and compounding of the Frauds and “Emergency” created and sustained by the “Expatriated”, ALIENS of the United Nations and its Organizations, Corporations and Associations.59 8 U.S.C.A. 1481 is one of the controlling statutes on expatriation, as is 22 U.S.C.A. 611, 612 & 613 and 50 U.S.C.A. 781. The Internal Revenue Service entered into a “service agreement” with the U.S. Treasury Department60 and the Agency for International Development, pursuant to Treasury Delegation Order No. 91. The 59 See: Letter , Insight Magazine, February 18, 1991, pg. 7, Lowell L. Flanders, President, U.N. Staff Union, New York 60 See: Public Law 94-564, Legislative History, pg. 5967, Reorganization Plan No. 26 15 agency For International Development is an International paramilitary operation, 61 and includes such activities as “Assumption of full or partial executive, legislative, and judicial authority over a country or area.”62 It is to be further observed that the “Agreement” regarding the Headquarters District of the United Nations was NOT agreed to 63 and is illegally in the Country in the first instant. The International Organizational intents, purposes and activities include complete control of “Public Finance” i.e. “control, supervision, and audit of indigenous fiscal resources; budget practices, taxation, expenditures of public funds, currency issues, and banking agencies and affiliates.”64 This of course complies with “Silent Weapons for Quiet Wars” Research Technical Manual (TM-SW7905.1), which discloses a declaration of war upon the American people (See: pg. 3 & 7), monetary control by the Internationalist, through information etc. solicited and collected by the Internal Revenue Service 65 and who is operating and enforcing the seditious International program. (See: TM-SW7905.1, pg. 52). The 1985 Edition of the Department Of Army Field Manual, FM 41-10 further describes the International “Civil Affairs” operations. At page 3-6 it is admitted that the A.I.D. is autonomous and under direction of the International Development Cooperation Agency, and at page 3-8 that the operation is “paramilitary.” The International Organization(s) intents and purposes was to promote, implement, and enforce a “DICTATORSHIP OVER FINANCE IN THE UNITED STATES.”66 It appears from the documentary evidence that the Internal Revenue Service Agents. etc., are “Agents of a Foreign Principal” within the meaning and intent of the “Foreign Agents Registration Act of 1938.” They are directed and controlled by the corporate “Governor” of “The 61 See: Department Of The Army Field Manual, (1969) FM 41-10, pgs. 1-4, Sec. 1-7(b) & 1-6, Section 1-10(7) (c)(1), 22 U.S.C.A. 284 62 (See: FM 41-10, pg. 1-7, Section 110(7)(c)(4)) also see, Agreement Between The United Nations And The United States Of America Regarding The Headquarters Of the United Nations, Section 7(d) & (8), 22 U.S.C.A 287 (1979 Ed.) at pg. 241). 63 See: Congressional Record – Senate, December 13, 1967, Mr. Thurmond 64 See: FM 41-10, pgs.2-30 thru 2-31, Section 251. Public Finance 65 See: TM-SW7905.1 , pg. 48, also see, 22 U.S.C.A 286f & Executive order No. 10033, 26 U.S.C.A 6103 (k)(4) 66 See: Senate Report No. 93-549, pg. 186 16 und” a/k/a “Secretary of Treasury”67, and the corporate “Governor” of “The Bank”68, acting as “information-service employees”69 and have been and do now “solicit, collect, disburse or dispense” contribution 70, loans, money or other things of value for or in interest of such foreign principal,71 and they entered into agreements with a Foreign Principal pursuant to Treasury Delegation Order No. 91 i.e. the “Agency For International Development.”72 The Internal Revenue Service is also an agency of the International Criminal Police Organization, and solicits and collects information for 150 Foreign Powers.73 It should be further noted that Congress has appropriated, transferred, and converted vast sums to Foreign Powers 74, and has entered into numerous foreign Taxing Treaties (conventions) 75 and other Agreements, which are solicited and collected pursuant to 26 I.R.C. 6103(k)(4). Along with the other documentary evidence submitted herewith, this should absolve any further doubt as to the true character of the party. Such restrictions as “For the general welfare and common defense of the United States” 76 apparently aren’t applicable, and the fraudulent re-hypothecated debt credit will be merely added to the insolvent nature of the continual “emergency”, and the reciprocal socio/economic repercussions laid upon present and future generations. Among other reasons for lack of authority to act, such as a Foreign Agents Registration Statement, 22 U.S.C.A. 612 and 18 U.S.C.A. 219 & 951, military authority cannot be imposed into civil affairs.77 The United Nations Charter, Article 2, Section 7, further prohibits the U.N. from “intervening in matters which are essentially within the domestic 67 See: Public Law 94-564, supra, pg. 5942, U.S. Government Manual 1990/91, pgs. 480 & 481, 26 U.S.C.A 7701 (a)(11), Treasury Delegation Order No. 150- 10 68 22 U.S.C.A 286 & 286a 69 22 U.S.C.A. 611 (c)(ii) 70 Tax-pecuniary contribution, Blacks Law Dic. 5th ed. 71 22 U.S.C.A 611(c)(iii) 72 See: 22 U.S.C.A. 611 (c)(2) 73 See: 22 U.S.C.A. 263a, The United States Government Manual, 1990/91, pg. 385, see also, The Ron Paul Money Book, pg. 250 – 251 74 See: 22 U.S.C.A. 262c(b) 75 See: 22 U.S.C.A. 285g, 22 U.S.C.A. 287j 76 See: Constitution (1787), Article I, Section 8, Clause 1 77 See: Department Of The Army Pamphlet 27100-70, Military Law Review, Vol. 70 17 jurisdiction of any state…” Korea, Viet Nam, Ethiopia, Angola, Kuwait, etc., etc., are evidence enough of the “BAD FAITH” of the United Nations and its Organizations, Corporations and Associations, not to mention the seizing of two day care centers in the State of Minnesota by their agents, and holding the children as collateral/hostages for payment/ransom of their fraudulent, dishonored, re-hypothecated debt credit, worthless securities. Such is the “Rule Of Law” “as envisioned by the Founders” of the United Nations. Such is Communist terrorism, despotism and tyranny. ALL WERE AND ARE OUTLAWED HERE. I hope this communication finds you well and mentally strong for the occasion. It is quite apparent that the “Treasonous” and “Seditious” are brewing up a storm of untold magnitude. Bush’s public address of September 11, 1991 (See: Weekly Compilation of Presidential Documents), should further qualify what is being said here. He admitted “Interdependence” 78, “One World Order” 79, affiliation and collusion with the Soviet Union Oligarchy 80, direction by the U.N.81 , etc. You might also find it interesting that Treasury Delegation Order No. 92 (enclosed) states that the I.R.S. is trained under direction of the Division of “Human Resources” (U.N.) and the Commissioner (INTERNATIONAL), by the “Office of Personnel Management.” In the 1979 Edition of 22 U.S.C.A. 287, The United Nations, at pg. 248, you will find Executive Order No. 10422. The Office of Personnel Management is under direction of the Secretary General of the United Nations. And as stated previously, the I.R.S. is also a member in a one hundred fifty (150) nation pact called the “International Criminal Police Organization”, found at 22 U.S.C.A. 263a. The “Memorandum & Agreement” between the Secretary of Treasury/Corporate Governor of “The Fund” and “The Bank” and the Office of the U.S. Attorney General would indicate that the Attorney General and his associates are soliciting and collecting information for Foreign Principals.82 78 See also: Public Law 94-564, Legislative History, pg. 5950 79 See: also: Extension Of Remarks, January 19, 1976, Marjorie S. Holt, 8 U.S.C.A. 1101(40) 80 50 U.S.C.A. 781 81 22 U.S.C.A. 611 82 See: also, The United States Government Manual 1990/91, pg. 385, also see, The Ron Paul Money Book, supra, pg. 250, 251, 26 I.R.C. 7401 18 t is worthy of note that an Attorney/Representative is required to file a “Foreign Agents Registration Statement” pursuant to 22 U.S.C.A. 611(c) (1)(iv) & 612, if representing the interests of a Foreign Principal or Power.83 On January 17, 1980, the President and Senate confirmed another “Constitution”, namely, the “Constitution of the United Nations Industrial Development Organization”, found at Senate, Treaty Document No. 97-19, 97th Congress, 1st Session. A perusal of this Foreign Constitution should more than qualify the internationalist intents. The “Preamble”, Article 1, “Objectives” and Article 2, “Functions”, clearly evidences their intent to direct, control, finance and subsidize all “natural and human resources” and “agro-related as well as basic industries”, through “dynamic social and economic changes” “with a view to assisting in the establishment of a new international economic order.” The high flown rhetoric is obviously of “Communist” origin and intents. An unelected, unrepresentative, unaccountable oligarchy of expatriates and aliens, who fraudulently claim in the Preamble that they intend to establish “rational and equitable international economic relations”, yet openly declared that they no longer “stabilize the value of the dollar” nor “assure the value of the coin and currency of the United States” is purely misrepresentation, deceit and fraud.84 This was augmented by Public Law 101-167, 103 Stat. 1195, which discloses massive appropriations of re-hypothecated debt credit for the general welfare and common defense of other Foreign Powers, including “Communist ” countries of satellites, International control of natural and human resources, etc., etc. A “Resource” is a claim of “property” and when related to people constitutes “slavery.” It is now necessary to ask which Constitution they are operating under. The “Constitution For The New-states of The United States”, which was located at Liberty Lobby, 300 Independence Ave., SE, Washington, D.C. 20003, was the subject matter of the book entitled “The Emerging Constitution” by Rexford G. Tugwell, which was accomplished under the auspices of the Rockefeller tax-exempt foundation called the “Center For The Study of Democratic Institutions.” The People and Citizens of this Nation were forewarned against formation of “Democracies.” 83 See: 22 U.S.C.A. 613, Rabinowitz vs. Kennedy, 376 U.S. 605, 11 L. Ed. 2d 940, 18 U.S.C.A. 219 & 951 84 See: Public Law 95-147, 91 Stat. 1227, at pg. 1229 19 Democracies have ever been the spectacles of turbulence and contention; have ever been found incompatible with personal security or the rights of property; and have in general been as short in their lives as they have been violent in their deaths.”85 This Alien Constitution, however, has nothing to do with democracy in reality. It is the basis of and for a despotic, tyrannical oligarchy. Article I, “Rights and Responsibilities”, Sections 1 and 15 evidence their knowledge of the “emergency.” The Rights of expression, communication, movement, assembly, petition and Habeas Corpus are all excepted from being exercised under and in a “declared emergency.” The Constitution for the New-states of America, openly declares, among other seditious things and delusions that “Until each indicated change in the government shall have been completed the provisions of the existing Constitution and the organs of government shall be in effect”.86 All operations of the national government shall cease as they are replaced by those authorized under this Constitution.”87 This is apparently what Burger was promoting in 1976, after he resigned as Supreme Court Justice and took up the promotion of a “Constitutional Convention.” No trial by jury is mentioned, “JUST” compensation has been removed, along with being informed of the “Nature & Cause of the Accusation” etc., etc., and every one will of course participate in the “democracy.” This Constitution is but a reiteration of the Communist Doctrines, intents and purposes, and clearly establishes a “Police Power” State, under direction and control of a self appointed oligarchy. Apparently the present operation of the “de facto” government is under Foreign/Alien Constitutions, Laws, Rules and Regulations. The overthrow of the “essential engine” declared in and by the ordained and established Constitution for the United States of America (1787), and by and under the “Bill of Rights” (1791) is obvious. The covert procedure used to implement and enforce these Foreign Constitutions, Laws, Procedures, Rules, Regulations, etc., has not, to my knowledge, been collected and assimilated nor presented as evidence to establish seditious collusion and conspiracy. 85 See: Federalist Papers No. 10, also see, The Law, Fredrick Bastiat, Code Of Professional Responsibility, Preamble 86 See: Article XII, Section 3 87 See: Article XII, Section 4 20 importunately and Unfortunately in my Land it is necessary to seek, obtain and present EVIDENCE to sustain a conviction and/or judgment. Our patience and tolerance for those who pervert the very necessary and basic foundations of society has been pushed to insufferable levels. They have “fundamentally” changed the form and substance of the de jure Republican form of Government, exhibited a willful and wanton disregard for the Rights, Safety and Property of others, evinced a despotic design to reduce my people to slavery, peonage and involuntary servitude, under a fraudulent, tyrannical, seditious foreign oligarchy, with intent and purpose to institute, erect and form a “Dictatorship” over the Citizens and our Posterity. They have completely debauched the de jure monetary system, destroyed the Livelihood and Lives of thousands, aided and abetted our enemies, declared War upon us and our Posterity, destroyed untold families and made homeless over 750,000 children in the middle of winter, afflicted widows and orphans, turned Sodomites loose amongst our young, implemented foreign laws, rules, regulations and procedures within the body of the country, incited insurrection, rebellion, sedition and anarchy within the de jure society, illegally entered our Land, taken false Oaths, entered into Seditious Foreign Constitutions, Agreements, Placations, Confederations, and Alliances, and under pretense of “emergency”, which they themselves created, promoted and furthered, formed a multitude of offices and retained those of alien allegiance to perpetuate their frauds and to eat out the substance of the good and productive people of our Land, and have arbitrarily dismissed and held mock trials for those who trespassed upon our Lives, Liberties, Properties and Families and endangered our Peace, Safety, Welfare and Dignity. The damage, injury and costs have been higher than mere money can repay. They have done what they were COMMANDED NOT TO DO. The time for just correction is NOW! Sincere consideration of “Presentment” to a Grand Jury under the ordained and established Constitution for the United States of America (1787), Amendment V is in order. Numerous High Crimes and Misdemeanors have been committed under the Constitution for the United States of America, and Laws made in pursuance thereof, and under the Constitution for the State of Colorado, and the Laws made in Pursuance thereof, and against the Peace and Dignity of the People, including but not limited to, C.R.S. 18-11-203 which defines and prescribes punishment for “Seditious Associations” which is applicable to the other constitutions, and the intents and professed purposes of their 21 organizations, Corporations and Associations. If the Presentment should be obstructed by the members of the Bar, ARREST THEM. I could go on but the story is long! I hope this information and research is of assistance to you. Much remains to be uncovered and disclosed, as it is necessary and imperative to secure the Lives, Liberties, Property, Peace and Dignity of the people and our Posterity. Good Hunting and may the Good Lord be with you in all your endeavors. P.S. In addition, I am yet expecting a copy of the “Service Agreement”, (T.D.O. 91). It was located in the Department of Treasury, office of the Assistant General Counsel, (International Affairs), Russell L. Munk, 1500 Pennsylvania Ave. N.W., Washington, D.C. 20220. Efforts are being made to obtain a copy, but so far have been obstructed by the BAR. If anyone knows where and how a copy can be obtained please do so immediately, the documents are necessary and imperative. It ought to be most informative! By the way it’s against the law for an insolvent to make a loan or to try to fraudulently collect thereon 88 It should be further noted that an “Alien” or “Denizen” cannot sit on a Jury 89, nor hold a Public Office 90. The “out of court” summary determinations upon matters in issue is purely “Administrative” procedure. 91 The jury, if any, is reduced to an “advisory jury” position, and is more than likely arrayed as a “homage” jury. 88 See: Neal et al. vs. Clark, 251 P. 2d 903 89 See: 3 Am. Jur. 2D §40 90 Also see: 50 U.S.C.A. 781(9) & 842 91 See: 1 Am. Jur. 2d §78 22 U.S.C.A. 701 – 703 should be of interest concerning “Judicial Review” of Agency actions. It can be found in most States under such headings and Acts as the “Administrative Procedures Act” or the “Administrative Reorganization Act.” The de facto Federal/International chartered “Institutions”, their Officers, Employees, Servants, Agents and Representatives are subject to and should be turned over to a Court of Law for prosecution, trial, and judgment according to Law.92 “FRAUD vitiates the most solemn Contracts, documents and even judgments.”93 I believe that the statement made in Cohen vs. Virginia, 6 Wheat 264, 5 L.Ed. 257 (1821) is worthy of note: “We [Courts] have no more right to decline the exercise of jurisdiction which is given, than to usurp that which is not given. THE ONE OR THE OTHER WOULD BE TREASON TO THE CONSTITUTION.”94 ******* DECLARATION OF SEPARATE AND EQUAL STATION WHEN IN THE COURSE OF HUMAN EVENTS . . . WHENEVER ANY FORM OF GOVERNMENT BECOMES DESTRUCTIVE . . . WHEN A LONG TRAIN OF ABUSES AND USURPATIONS, PURSUING INVARIABLE THE SAME OBJECT, EVINCES A DESIGN TO REDUCE THEM UNDER 92 See Pope Mfg. Co. vs. Gornully, 144 U.S. 414, at pg. 419, also see, 22 U.S.C.A. 286g 93 U.S. vs. Throckmorton, 98 US 61, at pg. 65 94 Also see: U.S. vs. Will, 449 US 200, 66 L.Ed. 2 d 392, at pg. 406 23 BSOLUTE DESPOTISM, IT IS THEIR RIGHT, IT IS THEIR DUTY . . . ” Declaration of Independence, Enabling Act, Section 4. “No political truth is of greater intrinsic value . . . The accumulation of all powers, legislative, executive, and judiciary, in the same hands, whether hereditary, self-appointed, or elective, may be justly pronounced the very definition of tyranny.” Federalist Papers No. 47 “If a nation expects to be ignorant and free, in a state of civilization, it expects what never was and never will be. The functionaries of every government have propensities to command at will the liberties and property of their constituents. There is no safe deposit for these but with the people themselves; nor can they be safe with them without information.” The Writings Of Thomas Jefferson 95 One cannot make agreements with Sodomites, Babylonians and/or satanics. Their words, oaths or signatures are of no meaning or value; their intent and purpose is to deceive, cheat, steal, lie, defraud and destroy. The seditious covert conspiracy and collusion of certain Organizations, Corporations and Associations to damage, injure, oppress, threaten, intimidate and enforce their fraudulent, foreign, socialist, Communist, “Democracy” and foist their delusions upon the Citizens and children of this Land, and to corrupt the de jure Public Offices established to accomplish the purposes set forth in the “Preamble’ to the ordained and established Constitution is cause and necessity enough. One again finding our safety, happiness and liberties to be in imminent danger, it has become necessary and imperative to our rights, privileges, immunities, lives, liberties and property and that of our posterity, to declare our separate and equal station, and exercise our Right and Duty to throw off and abolish the form and operation of the de facto, fraudulent, seditions “state.”96 95 Albert E. Bergh Ed., Vol. 14 pg. 384 96 See: Constitution For The State Of Colorado, Article II, Section 2; Declaration of Independence (1776); Constitution For The United States Of America, 24 edition 2. People may alter or abolish form of government – proviso. The people of this state have the sole and exclusive right of governing themselves, as a free, sovereign and independent state; and to alter or abolish their constitution and form of government whenever they deem it neceassary to their safety and happiness, provided, such change be not repugnant to the constitution of the United States. – IT IS HEREBY DEEMED NECESSARY – JURE CORONEA – TESTE MEIPSO End Link to this document:
http://home.absolute.net/xode/nwofraud/Bankruptcy_fraud/Bankfraud1.h tm Link to a copy of the original 12-26-91 document:
https://anticorruptionsociety.files.wordpress.com/2015/04/john-b-nelsonre-senate_report_no-_93-549.pdf Amendments IX and X; C.R.S. 24-60-1301, Article IV(h) 25 ore information on the bankruptcy of USA INC:
Available as a free download at AntiCorruptionSociety.com
April 10th, 2015 by olddog
In the first three installments of this series, we examined the realities behind supply and demand, unemployment and personal debt, and national debt. As has been proven in each consecutive article with ample evidence, mainstream establishment numbers are, for the most part, utter garbage. They are not legitimate. They are meaningless.
The figures and stats that do have some truth to them are so obscured from the public view and unreported by the media that they may as well be state secrets. The average person has no clue of their existence because his primary sources of information are establishment-dominated. Even MSM talking heads and economic “analysts” are so mesmerized by the false version of the economic world that they have no point of reference when suddenly confronted with singular facts. Some people call this catastrophic behavior a “positive feedback loop.” It is a mainstream echo chamber that has become a financial tomb.
Now that I have covered the lies within our economy that I can prove absolutely, it is time to move on to the lies that are more difficult to pin down. These lies often slip past our investigations because the hard data that could be used to expose them is simply not available to the general public. In fact, much of the data is not even available to government officials. I am, of course, talking about the hard data behind the activities of central banks across the globe — the International Monetary Fund, the Bank for International Settlements and the Federal Reserve in particular. In this installment, we will explore the purpose of these lies; to hide the imminent destruction of our currency — by hook, by crook and by fiat.
In Part 3 of this series, real U.S. liabilities were revealed to far exceed official stats given by the Treasury Department (upward of $200 trillion currently owed, not owed in some distant future where none of us will be alive to worry about it). The debt singularity most responsible for this problem has been created through entitlement programs, as well as a Social Security program that the government uses as its own ever-cycling taxpayer supported personal slush fund, triggering a debt accumulation of more than $8 trillion per year.
How does our government (or any government with a central bank) continue to function monetarily if it is generating far more debt than it will ever be able to pay off in tax revenues? Well, our system does not really “function.” It just refuses to fully die. And, it does this through fiat money creation.
The quantitative easing programs, which allowed the Federal Reserve to conjure massive stores of fiat money out of thin air and purchase U.S. Treasury bonds (among other things), were a blatantly open admission by bureaucrats and central bankers alike that the government has not been capable of sustaining its own operations without fiat aid.
I’ll say it again: QE programs are in and of themselves hard evidence of government insolvency. Solvent governments do not need to monetize their own debt obligations with a printing press.
After the limited TARP audit, which reveled a money creation scheme in excess of $16 trillion (overnight swaps are still a devaluing action though some MSM pundits argue they are not “debt creation”), there has been little information available to the public in regards to the true level of paper and digital money conjured from the ether. We have no idea to what extent the dollar has ultimately been devalued, and we won’t know until foreign investors and banks finalize their decoupling from the U.S. (a process that will likely accelerate this year).
One might argue, though, that since the finalization of the taper and the end of QE3 and the bailout programs overall, our system must be amply flush with cash yet again and the printing bonanza must have been worth the risk. Why else would the taper have been instituted at all? I would argue and have argued in the past that the taper was instituted not in preparation for economic recovery, but in preparation for economic collapse. The QE bailouts have stopped because they no longer serve any purpose in propping up the false economy.
For instance, the inspector general for the Federal Housing Finance Agency (FHFA) is now suggesting yet another bailout for socialist New Deal failures Fannie Mae and Freddie Mac, after the Obama administration reserved the right to take all profits from the conservatorship beginning in 2012. That’s right, all that money that Fannie and Freddie supposedly made and paid back didn’t make an ounce of difference, as the federal government now steals profits in order to pay off other debts. In the meantime, companies like Blackstone reap the benefits as they purchase and bid on hundreds of thousands of homes for pennies on the dollar, turn them into rentals and artificially support the illusion of a housing recovery in the United States. (I would also note that Blackstone has conveniently served as an “adviser” to the U.S. Treasury throughout the Fannie/Freddie bailouts.)
As referenced in Part 1 of this series, stimulus measures have absolutely failed to inspire any semblance of recovery in consumer demand, and global demand for goods is imploding.
As referenced in Part 2, real employment has not improved throughout the duration of the Troubled Asset Relief Program, quantitative easing and zero interest-rate policy. In fact, it only seems to have stalled unemployment at about 23 percent.
As referenced in Part 3, stimulus actions have only served to create even more unmitigated debt while producing no tangible results other than a massive bubble in stock markets.
Poverty is at record levels. Welfare demand is at record levels. Average wages are falling, and prices on essential goods (except oil at this time) are rising. Global demand is visibly sliding into the same territory as in 2008/2009. Housing markets have become a corporately boosted feudalistic farce. And unemployment continues at a depressing level; meanwhile, people aren’t even counted as unemployed anymore because they’ve been jobless for so long.
At this point, at the onset of spring 2015, I think it is safe to say that alternative economic analysts have been right all along in our assertions that central bank stimulus measures are completely useless. Though some of the slimier day traders like to argue that they “tripled their profits” during the stimulus period and our “doom and gloom” means nothing to them, in their naivety they would be missing the bigger picture. You don’t play the collapse. In the end, the collapse will play you.
Now, it would seem as though the Federal Reserve has failed in every aspect of its bailout quest. But what are the consequences of this debacle? The result is the displacement of U.S. economic standing. The U.S. is being made economically irrelevant.
China has surpassed the U.S. as the world’s largest exporter/importer and has long been far superior to the U.S. in manufacturing capability, making China the most valuable economic partner in the world. According to the IMF, China is now superior to the U.S. in trade standing and is soon to be the largest economy on the planet.
China has recently launched its regional Asian Development Bank, a kind of Asian World Bank. And nearly 50 countries, including European allies to the U.S., have rushed to sign on.
The talk is even growing within mainstream circles that China is about to decouple from the U.S. economy and, along with the BRICS nations, structure a new Asian-centric financial system that will “stick it” to the Western financial elites. This, however, is too simplistic a notion.
We are talking about the REAL economy in this series; and in the real economy, no nation with a central bank actually “breaks” from the New World Order. In fact, all conflicts between the East and West are only serving to further the cause of globalists and Fabian socialists.
China alone does not have the capacity to replace the U.S. as a primary driver for the global economy, nor does the Yuan have the capacity to replace the dollar as a world reserve currency. However, this is not China’s goal. It never has been China’s goal. China’s only purpose in its historic fiscal expansion has been to achieve inclusion in what the IMF calls the “global economic reset.” Part of this reset is the introduction of the IMF global currency basket system, or Special Drawing Rights (SDR), as a kind of centralized control mechanism for all currencies around the world. The IMF and China have continuously called for the SDR basket system to replace the U.S. dollar as the world reserve currency.
I covered this developing scheme in great detail in my article ‘The Economic End Game Explained’.
Despite the hopes of some alternative writers that China will somehow break the chains of the central banking monopoly, every Chinese action since at least 2008 has been in preparation to become a full slave nation under the control of IMF policy. China has now officially submitted its currency (the Yuan) for inclusion as a reserve currency in the SDR basket. China’s central bank has openly called for the IMF to take a dominant role in the management of the world’s currencies through the SDR basket system:
The world economic crisis shows the “inherent vulnerabilities and systemic risks in the existing international monetary system,” Gov. Zhou Xiaochuan said in an essay released Monday by the bank. He recommended creating a currency made up of a basket of global currencies and controlled by the International Monetary Fund and said it would help “to achieve the objective of safeguarding global economic and financial stability.”
The IMF conference on the SDR, which takes place every five years, is set to begin preliminaries in May and finish in October or November. It is widely expected that China’s currency will indeed be included in the SDR this year, that this will adversely affect the dollar’s standing as the world reserve currency, and that the U.S. will have little capacity to stop such a development. That’s because American veto power within the IMF is likely to be removed, due to a lack of approval on funding measures and policy changes put to Congress in 2010.
In numerous articles over the past couple of years I have warned that the destruction of U.S. position within the IMF would be blamed on “political gridlock” over the refusal by Congress to confirm policy changes from 2010, and the brunt of the blame would be placed on “conservatives”. This past week my suspicions were supported by the statements of Larry Summers, a former Treasury Secretary and elitist who was partially responsible for the end of Glass-Steagall and the creation of the derivatives bubble, and the man who claimed “history will overwhelmingly approve QE”. Summers decried the end of the U.S. as the “underwriter of the global economic system”, also stating:
Largely because of resistance from the right, the US stands alone in the world in failing to approve the International Monetary Fund governance reforms that Washington itself pushed for in 2009. By supplementing IMF resources, this change would have bolstered confidence in the global economy. More important, it would come closer to giving countries such as China and India a share of IMF votes commensurate with their new economic heft…
With China’s economic size rivaling America’s and emerging markets accounting for at least half of world output, the global economic architecture needs substantial adjustment. Political pressures from all sides in the US have rendered it increasingly dysfunctional…
Avid enthusiasm for China’s new regional bank has put the U.S. on the defensive, as supposed allies are joining the chorus calling for China to join the SDR.
This would make the Yuan the first currency not fully convertible to join the SDR basket. Meaning, it is difficult to directly invest in Yuan compared to investing in dollars. But this is exactly what the IMF wants.
The Asian Times put it rather bluntly but honestly:
Currently, central banks can’t include yuan holdings in their foreign exchange reserves. However, via inclusion in the SDR basket, the currency will effectively enjoy a “back door” where convertibility is concerned. The upshot, according to Citibank, means increased yuan demand from central banks and further integration of the currency into global capital market flows.
Importantly, China has espoused an “internationalisation” of reserve currencies away from U.S. dollar hegemony and dependencies on local economic fluctuations on exchange rates and stability. The yuan inclusion in the basket would be a step towards a more multi-lateral currency world. While full convertibility may still be far away, China’s ability to have a global reserve currency may soon be upon us.
Yes, that’s right, China’s inclusion in the SDR will HELP the process of marginalization of the dollar and aid in the ascendance of the SDR as a world reserve mechanism. And as China becomes a currency powerhouse in its role as the No. 1 economy in the world, the only way central banks around the planet can benefit or “invest” in the Yuan will be by stockpiling SDRs! Demand for SDRs will be cleverly boosted by natural demand for the Yuan. This is how a global currency structure begins.
The only true beneficiaries of this cycle will be the IMF and those elites who desperately want a totally centralized global economic system.
In the meantime, as the dollar loses its world reserve status, it loses the ONLY pillar of support keeping its value somewhat stable. As the dollar falls, U.S. citizens will be reduced to Second World or Third World economic expectations. Employment and wages will continue to dissolve, while the margins between the “haves” and “have nots” will continue to grow. In the worst-case scenario, total chaos would result followed by an international intervention to “save us” from ourselves. Our currency would likely be permanently pegged to the SDR basket, just as Argentina’s was pegged to our dollar after its collapse. And the IMF would own the U.S. rather than the U.S. owning the IMF, as is the common delusion.
As stated earlier, Federal Reserve stimulus actions “seem” to have failed miserably. Now our nation is facing a firestorm. But I would submit that the Federal Reserve has not failed in its mission. The Fed’s purpose is not to defend the stability of the U.S. economy and the dollar; the Fed’s purpose is to destroy the stability of the U.S. economy and the dollar. Thus, the Fed has succeeded in its mission. And I believe a full audit of Fed policies and actions would prove this fact beyond a doubt.
I will continue to outline the endgame for globalization that is under way in the next installment of this series, including how central banks in foreign nations collude with each other and are managed by supranational entities like the IMF and the BIS. The implosion of America serves a very particular purpose. It is not a product of blind coincidence, fate, political stupidity or corporate greed. It is an engineered event meant to clear the way for an even more sinister economic environment designed to establish a final economic empire with the purpose of permanently enslaving us all.
You can read more from Brandon Smith at his site Alt-Market, where this first appeared. If you would like to support the publishing of articles like the one you have just read, visit our donations page here. We greatly appreciate your patronage.
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April 9th, 2015 by olddog
Within the articles I have posted on http://anationbeguiled.com and http://anationbeguiled.wordpress.com you will find information that is controversial, infuriating, and totally unexpected by the average American who has considered themselves patriotic, honest, and informed citizens. Unfortunately, most will find this information is not what they WANT to believe, because they WANT America to be a shinning light to the rest of the world; as they were taught in the government controlled education system. They also do not want to be some poor fool who has been beguiled by their government all their lives, and believing what they were taught is much easier than accepting the truth. It is natural for people to want other’s to think good of them, and for that reason they become cognitive dissonant.
However, those who instinctively compare this information to what they see happening and compare it to what they have been taught, will come away with an inner rage at the powers that be and will have a permanent grudge against those who approve of the lies and methods used to fool us.
It’s not easy to accept the DE Facto legal system that makes us all slaves to their corrupt hierarchy; when we have considered our selves the brightest light of freedom all our lives. Nor is it easy to accept the fact that we do not really own anything; we just rent it from them along with the responsibility to keep it working so they can continue charging us to rent it.
What most people do not consider is our obedience to their draconian legal system is something we can change; if we are willing to fight back. If we muster up the courage to die for our freedom, then there is nothing they can do but end our misery. So we must now face the big question. Is being a miserable slave all our life better than dying? I don’t think so, because if we are not willing to die for our freedom then we are useless, putrid, cowards that do not deserve to live free. Our real enemy is our fear and ignorance. That’s what prevents us from being willing to die fighting. Now you understand why so few are willing to learn and believe. They’re cowards who prefer slavery to freedom. As I said before, knowledge is what produces rage, and rage produces courage, so I have endeavored to supply you with what they have done, how they did it and got away with it, but ultimately the reader must be intelligent enough to recognize the truth by comparing what we were taught to what really happened. We are a subjugated Nation, divided, confused, and afraid. Read, learn, and compare! Then you will have the courage to regain our freedom.
God Bless America!
April 8th, 2015 by olddog
By Matthew K. Burke
fascism2 Gun Shops1 Second Amendment1 SunTrust Bank1
Obama’s backdoor obliteration of America’s Second Amendment to the Constitution just got a big boost.
While the Obama Regime can’t openly or legally take away Americans’ right to bear arms, through stealth tactics, using its willing accomplices in crony corporatism to put the squeeze on the supply chain to the Second Amendment, gun shops and gun manufacturers, or buying up all the ammo themselves, is their underhanded, “progressive” way to accomplish the same goal.
When American Gun & Pawn of Brooksville, Florida, received the following letter from SunTrust Bank, they were shocked and outraged:
As you can see, the fascist letter from SunTrust Bank informs the gun shop that they will no longer be serving them (it’s a good thing they aren’t a pizzeria in Indiana!), and that they must quickly close all of their accounts, or the bullying bank will close them if the customer doesn’t by the deadline.
Now the bank isn’t honest enough to say in the letter the real reason that they’re using Nazi-like tactics, forcing the closure because their customer happens to be a gun shop, they use flowery and vague, politically-correct sophistry in one of the worst “Dear John” letters of all time.
American Gun & Pawn, after receiving the letter, wrote about it on their Facebook wall on March 27. They said that the bank told them they aren’t just picking on them, but are closing ALL accounts of ALL legal gun shops across the country:
“This is the craziest thing I have ever seen. This is how these people are coming after your guns. If they can do this to a legal business, what can they do to you?”
“When I called them, they said they are closing Gun stores accounts all over the country! We are a licensed and legal company! These big companies that infringe on our constitutional rights need to be held accountable!!”
If all banks follow their “Dear Leader” the way SunTrust Bank does, Obama won’t have to eliminate the Second Amendment, because there will be no place to buy guns and ammo.
Every gun owner in America should close their account with Sun Trust and send a nasty letter to the Bank Manager as to why they are leaving. If you don’t stand up and take action, then bend over for your masters, and let them give it to you where it really hurts, then smile and say thank you. There’s no place left in America for pussies.