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Greece Today, America Tomorrow?

July 28th, 2015 by

http://www.thedailybell.com/editorials/36410/Ron-Paul

-Greece-Today-America-Tomorrow/

7-28-2015 10-23-25 AM

By Ron Paul 

The drama over Greece’s financial crisis continues to dominate the headlines. As this column is being written, a deal may have been reached providing Greece with yet another bailout if the Greek government adopts new “austerity” measures. The deal will allow all sides to brag about how they came together to save the Greek economy and the European Monetary Union. However, this deal is merely a Band-Aid, not a permanent fix to Greece’s problems. So another crisis is inevitable.

The Greek crisis provides a look into what awaits us unless we stop overspending on warfare and welfare and restore a sound monetary system. While most commentators have focused on Greece’s welfare state, much of Greece’s deficit was caused by excessive military spending. Even as its economy collapses and the government makes (minor) cuts in welfare spending, Greece’s military budget remains among the largest in the European Union.

Despite all the hand-wringing over how the phony sequestration cuts have weakened America’s defenses, the United States military budget remains larger than the combined budgets of the world’s next 15 highest spending military’s. Little, if any, of the military budget is spent defending the American people from foreign threats. Instead, the American government wastes billions of dollars on an imperial foreign policy that makes Americans less safe. America will never get its fiscal house in order until we change our foreign policy and stop wasting trillions on unnecessary and unconstitutional wars.

Excessive military spending is not the sole cause of America’s problems. Like Greece, America suffers from excessive welfare and entitlement spending. Reducing military spending and corporate welfare will allow the government to transition away from the welfare state without hurting those dependent on government programs. Supporting an orderly transition away from the welfare state should not be confused with denying the need to reduce welfare and entitlement spending.

One reason Greece has been forced to seek bailouts from its EU partners is that Greece ceded control over its currency when it joined the European Union. In contrast, the dollar’s status as the world’s reserve currency is the main reason the US has been able to run up huge deficits without suffering a major economic crisis. The need for the Federal Reserve to monetize ever-increasing levels of government spending will eventually create hyperinflation, which will lead to increasing threats to the dollar’s status. China and Russia are already moving away from using the dollar in international transactions. It is only a matter of time before more countries challenge the dollar’s reserve currency status, and, when this happens, a Greece-style catastrophe may be unavoidable.

Despite the clear dangers of staying on our recent course, Congress continues to increase spending. The only real debate between the two parties is over whether we should spend more on welfare or warfare. It is easy to blame the politicians for our current dilemma but the politicians are responding to demands from the people for greater spending. Too many Americans believe they have a moral right to government support. This entitlement mentality is just as common, if not more so, among the corporate welfare queens of the militarily-industrial complex, the big banks and the crony capitalists as it is among lower-income Americans.

Congress will only reverse course when a critical mass of people reject the entitlement mentality and understand that the government is incapable of running the world, running our lives and running the economy. Therefore, those of us who know the truth must spread the ideas of, and grow the movement for, limited government, free markets, sound money and peace.

This article provided courtesy of the Ron Paul Institute for Peace and Prosperity.

OLDDOGS COMMENTS!

How many of you remember my past warning about building a one hundred million re-educated people force as the only possible way to defeat this foreign owned imposter government we live under. Are you still ignorant of the truth to consider it treason to survive? TAKE THIS TO THE BANK FOLKS, EITHER YOU PARTICIPATE IN RE-EDUCATING EVERY ONE YOU CAN, OR THE REST OF YOUR SHORT LIFE WILL BE HELL ON EARTH!

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AN OPEN LETTER TO MR. WESLEY CLARK U. S. GENERAL RETIRED

July 27th, 2015 by

General Clark,

My name is James P. Harvey and I own the following two web sites, http://anationbeguiled.com and http://anationbeguiled.wordpress.com

Concerning your recent statement about incarcerating American citizens who disagree with our governments political policies, I am requesting further information on your idea’s of what kind of actions would put the average political dissident in with the radicals you would incarcerate.

To wit: Would Dr. Ron Paul qualify after posting the following article on the internet? Do We Need to Bring Back Internment Camps? http://www.thedailybell.com/editorials/36439/Ron-Paul-Do-We-Need-to-Bring-Back-Internment-Camps/?uuid=D61DE0D0-0752-0845-33435892AAF62EB6

How about Attorney John Whitehead for posting this article? Freedom or the Slaughterhouse? The American Police State from A to Z

http://www.thedailybell.com/editorials/36415/John-Whitehead-Freedom-or-the-Slaughterhouse-The-American-Police-State-from-A-to-Z/

Or for that matter: What would you personally do to me after reading the articles I post on my sites?

Sir: If you believe we who are obsessed with bringing back the America we grew up with and were then willing to die for, should be incarcerated along with the ragheads who want their promised virgins, than I hope you have the balls to try and personally arrest me and I’m older than you.

If by chance, after reading the following articles by Retired Judge Anna von Reitz at  http://scannedretina.com/anna-von-reitz-alaska/ you are still convinced we are a danger to America, and traitors, then I accuse you publicly of being a cowardly traitor to the principles of the Constitution, freedom in general, and the oath you took to defend America and the Constitution. Perhaps you should be incarcerated!

 OR, perhaps you just need to be re-educated on the principles of freedom. You Know Something is Wrong When…..: An American Affidavit of Probable Cause  By Anna von Reitz

Critical:  Before Things Get Out of Hand……Judge Anna von Reitz

Conversations with Judge Anna.  Unraveling the 200 year tapestry of fraud

About the fraud of the 14th Amendment:
A lot of needed information is here for individual people.

  1. Relief Is NOT Remedy by Judge Anna von Reitz
  2. Public Notice – Buyer beware! More specific Details
  3. Questions Related to Common-Law Grand-Jury Jurisdictions
  4. Many politicians are just now beginning to wake up…..by Anna von Reitz
  5. It remains for us to revive it—the organs of our land and State based government.
  6. So, we need to hold a One People’s Court again… 
  7. “Constitution” = a business contract = an equity contract = a commercial contract
  8. A question regarding the 13th Amendment – Judge Anna responds…
  9. classic disinformation – Anna Maria Wilhelmina Hanna Sophia: Riezinger-von Reitzenstein von Lettow-Vorbeck – Got it Right!
  10. DEFINED: The source of the fraud! From the beginning! From Anna von Reitz 
  11. Stories from the game in which you have no idea you are playing
  12. UNCUT—UNCENSORED—UNEDITED! This is priceless!
  13. DEFINED: The source of the fraud! From the beginning
  14. Starting at First Base…
  15. Second Base — What “They” Have Done “For” You
  16. Third Base – The Guilty Parties By Anna von Reitz | Scanned Retina Resource
  17. Is it possible to go beyond treason? With link to related documents
  18. We give legitimacy to the impostors.
  19. The Real Criminals
  20. The Crown Temple misrepresents the Church;
  21. Your Offer to Contract is Hereby Rejected!
  22. I AM YOUR ANCHOR BABY: The Significance Of My Will – by Anna Von Reitz, Judge in Alaska
  23. The Role of the Trustee…Members of Congress
  24. The Other Americas of which few are aware! 
  25. Alaska UCC 1 filing 2014-787015-2
  26. A question regarding the 13th Amendment – Judge Anna responds…
  27. The Real Criminals – Judge Anna Von Reitz
  28. Great Grand Mother Anna offers some advice – Part 01
  29. Great Grand Mother Anna offers some advice – Part 02 “Political Action”
  30. Anna addresses Cardinal George 
  31. Anna and Karen – on FB 
  32. Anna sez….Ernie Gets IT! How about you? 
  33. FINAL JUDGMENT AND CIVIL ORDERS – Background – A visit with Anna
  34. UCC1 Financing Statement – Anna M. Riezinger 
  35. To the adults in the room… by Judge Anna von Reitz
  36. The Cheapest, Most Efficient Prison of All – Your Own Mind. by Anna von Reitz 
  37. Challenge was accepted. I was proven Wrong! In gratitude…Thank you Anna!
  38. James P. Harvey aka Olddog at olddog@anationbeguiled.com
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WHY IMPEACH? WHY NOW, AND HOW?

July 25th, 2015 by

http://www.newswithviews.com/JBWilliams/williams307.htm

By J.B. Williams
NewsWithViews.com

America is on the final brink of collapse as freedom and liberty teeter on the brink of extinction, all for one simple reason, your silence is your consent… and the people have been far too silent for far too long. Until someone is held accountable, no one is accountable to the people for anything…

Up until now, “the people” have not been part of any viable solutions, despite pouring millions of dollars and hours of energy into things they thought might work. Too many Americans have been led to believe that elections are the only solution available to “the people” when in fact, pro-American conservatives have not won an election in 35 years, since Ronald Reagan was elected in 1980.

Many thought they were on the right track when they elected Republicans to control the U.S. purse strings in the House in 2010, only to watch Republicans continue to fund every evil agenda item forced down the people’s throats by the most impeachable administration in U.S. history.

Others were told “nullification” at the state level will solve the problem, despite the fact that both Jefferson and Madison failed in their nullification attempts over 200 years ago and state level nullification of federal overreaches has never worked even once in U.S. history since.

Still others are being sold a bill of goods regarding a false interpretation of the Article V Convention, now often referred to as “a convention of the states” and an “assembly of the states.” Truth be told, any meeting of the states with the intended purpose of “amending the federal constitution” is by definition, a “constitutional convention.”

Any such convention must be convened and run by the U.S. Congress, and the states will have no control at all over the outcome, other than their ability to refuse ratification of the can of worms they opened by requesting the convention. It makes no difference how many “constitutional scholars” tell you different. They are the same people destroying our legal system and taking all of your rights away with their “expertise.”

Then you have the new militia folks, who never studied the Civil War or the Bonus Army of 1932, or bothered to notice that “the people” have allowed the federal government to enjoy such technological advancements that will allow the Obama administration to end any uprising before you can get out of your front yard, without them even needing a pilot in the cockpit of the drone.

Meanwhile, the constitutional solution was under the people’s nose the entire time…. IMPEACH, remove from office and charge with high crimes in criminal court after removal.

The U.S. Constitution tells us all exactly what to do when we find our nation being torn to shreds by an evil occupant of the Oval Office and his cabal of evildoers….

Article II – Section IV says – “The President, Vice President and all civil officers of the United States, shall be removed from office on impeachment for, and conviction of, treason, bribery, or other high crimes and misdemeanors.”

Whenever bad actors seize the White House and act in a manner destructive of the Constitutional Republic, Article II of the U.S. Constitution says we impeach and remove the bad actors from office in protection of the Republican form of government, we are supposed to impeach and remove…

Why have “the people” been focused on anything else since January 2009? Who told them to focus on everything else?

On 11.11.11 a group of Military Veterans and true patriots stood on the Washington Mall and demanded the Restoration of our Constitutional Republic, as guaranteed every state and every American in the U.S. Constitution.

Do you think those Vets had no further idea how they might accomplish such a lofty goal at such a late date? Since that day, these people have worked together on literally countless opportunities to make a difference in the direction of our beloved nation… SEE HERE

Only after exhausting a laundry list of other real, tangible and constitutional means of moving the nation in the right direction, did these leaders came to the conclusion that only Impeachment can stop what is happening in our country today. They arrived at that conclusion in June of 2014 and released a copy of very carefully researched and crafted Articles of Impeachment in July of 2014, along with a public demand from sister division North American Law Center calling for impeachment.

The Articles failed to gain any traction in 2014, as many “patriots” claimed an election year could be lost as a result of trying to impeach, and that only after Republicans controlled both congressional chambers, should such an effort be launched.

Of course, after the 2014 elections, with Republicans in control of both chambers, those same “patriots” now suggest we should wait until after the 2016 elections… despite witnessing the reality that congress is functioning the same under Republican control as it did under Democrat control.

When will the people get in the mood to hold anyone accountable?

“The people” allowed a total fraud to seize control of the people’s White House in 2008. They allowed congress and the Supreme Court to sit silent and watch it happen. They allowed day after day, year after year, Obama regime total destruction of the Rule of Constitutional Law and our Republic. They allowed the RNC and DNC to dictate all rules of engagement, limiting “the people” to only election solutions, while both work together to control the outcome of those election before they are ever held.

The people have been vocal in their opposition, but usually preaching to the choir rather than confronting the evil directly, which comes with some risks attached.

Since January 2009, a long list of infringements, violations of law and constitutional text, the Bill of Rights and international law have accrued under what can only be described as the most criminal cabal to ever hold power in the U.S. Federal Government.

The North American Law Center (NALC) took great care to research and develop a set of Articles of Impeachmentdesigned to not just start a fight, but finish it. It is not only important to impeach, but to impeach correctly, so that conviction, removal and criminal prosecution are possible and even likely to succeed.

The simple fact is the Obama Administration is the most impeachable administration in U.S. history and nearly every American seems to be scared to death to impeach. A nation that fears its government is living in tyranny… only when that government fears its people, is there freedom and liberty.

As the NALC Articles lay out in great depth, the Obama Administration is guilty of the following High Crimes, all of which justify impeachment and some of which rise to the level of treason.

  • ARTICLE I – Usurpation of the Oval Office via criminal identity fraud
    ARTICLE II – Malfeasance, misconduct and abuse of the Oval Office
     ARTICLE III – Aiding and Abetting known enemies of the United States

Over the past few years, very influential Republicans like Allen WestGen. Jerry Boykin and Sarah Palin have openly called for the impeachment of Barack Obama. On numerous occasions,Admiral Lyons has called for impeachment as well. In fact, more than 25 House Republicans have openly stated that Barack Obama is guilty of many impeachable offenses and should be impeached…

But so far, it is North American Law Center and theConstitutional Accountability Coalition that is actually doing the heavy lifting of researching and drafting proper Articles, while unifying and mobilizing thousands of “patriots” in state by state coalitions focused entirely upon advancing the NALC Articles to the House Judiciary Committee, where impeachment must begin.

According to our laws, House Republicans have only two choices, impeach (or) become guilty of crimes themselves.

There’s a talking thing and a doing thing… most people were busy talking while only 56 men signed the Declaration of Independence 239 years ago. It seems not much has changed since then, except the assault on freedom is no longer coming from King George of Britain, but rather from within, Barack Hussein Obama & Co.

The country is full of talkers, and not as many doers…

Impeachment has always been the constitutional solution and now it is the only peaceful solution. Still, many Americans hope to escape personal responsibility for making impeachment happen, as they sit back, refusing to engage in that process while ridiculing those who are willing to stand up and take action.

For every doer engaged in constitutional solutions, there are thousands of American naysayers, hand wringers and teeth gnashers… with a hundred reasons why it can’t or shouldn’t be done… most of them knowing full well that there is no other viable option at this point.

Freedom is always lost at some point and always for the same reasons, complacency, ignorance and cowardice.

A few Americans will be able to look their children and grandchildren in the eye and tell them with all due honesty, that they did everything they could possibly do to prevent the collapse of the greatest nation ever known to mankind, everything within their power to educate, unify and mobilize American citizens, who were supposed to be forever vigilant in the preservation of freedom and liberty, but were just too busy or frightened to do it.

The rest, will be recorded in history as the generation that lost America, the beacon of freedom and hope for the entire world. From the Greatest Generation during WWI and WWII to the generation that lost it all in WWIII, without ever directly engaging the enemy.

Those willing to defend freedom and liberty should immediately unite with others also willing and engaged, at either North American Law Center or the Constitutional Accountability Coalition.

In the end, every America who refuses to become part of the solution, is part of the problem. Real patriots should joinPatriots Union and patriotic Veterans should join Veteran Defenders in order to lead the restoration of the Constitutional Republic and Rule of Law.

 

These groups have been around, doing all the right things and waiting for the Cavalry, “the people” to show up and engage. Now they are leading by example on Impeachment and praying that “the people” will soon have had enough and begin to engage before the clock ticks out on America.

Last night, CAC and NALC hosted the first Blog Talk Event in support of the NALC Articles of Impeachment, archived here. The group meets every Wednesday evening at 8:30 PM ET… the subject is Impeachment and nothing else… state by state coalition groups are growing across the country, fast, but not yet fast enough.

What are you waiting for? If not you, then who do you expect to save this nation?

If you are too busy are too scared to defend freedom and the Rule of Law, you will no longer be free… I can’t say it any plainer than that!

© 2015 JB Williams – All Rights Reserved

Click here to visit NewsWithViews.com home page.

JB Williams is a writer on matters of history and American politics with more than 3000 pieces published over a twenty-year span. He has a decidedly conservative reverence for the Charters of Freedom, the men and women who have paid the price of freedom and liberty for all, and action oriented real-time solutions for modern challenges. He is a Christian, a husband, a father, a researcher, writer and a business owner. He is co-founder of action organizations The United States Patriots Union, a civilian parent organization for The Veteran Defenders of America. He is also co-founder of The North American Law Center, a citizen run investigative legal research and activism organization preparing to take on American’s greatest legal battles. Williams receives mail at:jb.uspu@gmail.com

Web site 1: www.PatriotsUnion.org

Web site 2: www.VeteranDefenders.org

E-Mail: JB.USPU@gmail.com

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Planned Parenthood and the business of killing babies

July 24th, 2015 by

http://personalliberty.com/planned-parenthood-and-the-business-of-killing-babies/

7-24-2015 7-55-52 AM

By Ben Crystal

 

Since the release of the first of the videos collected by the watchdog group Center for Medical Progress, I’ve heard and read more than a few suggestions that Planned Parenthood’s leadership not only deserves a comparison to Adolf Hitler, but suffers by comparison. But I’m not here to join in myriad violations of Godwin’s law; I’m going to set it on fire and then run over it with a tank. It’s not that women who discuss selling surplus baby parts while washing down their Cobb salads with a nice Pinot Grigio don’t make my skin crawl; it’s that compared to the ladies who carry on the life’s work of genocidal eugenicist Margaret Sanger, Hitler was bush league.

Do you think I’m overselling the point? Hitler had direct control over the considerable resources of World War II-era Germany and indirect control over the resources of many of Germany’s neighbors. He exploited those resources to build a machine devoted to exterminating a sizable minority of Europe’s – and, ultimately, the world’s — population. Despite all of that, he failed. Not only do vast herds of Jews, gays, gypsies and other groups whom sociopathic Austrians find unsavory still roam the globe; Hitler didn’t even survive the war his plan set into motion.

Compare Eva Braun’s man to the people at Planned Parenthood, and he fades like Hillary Clinton’s memory after the early-bird special at the home. In his wildest dreams der Führer likely never imagined that not only would a group rise with the stated goal of eliminating as many people as possible, but that the group in question would target children — infants — specifically. Furthermore, said group makes murdering defenseless babies its method of making a killing, and it receives billions of dollars in financial backing from the same nation that united to put Hitler in the ground.

Say what you want about Hitler, Josef Stalin, Mao Zedong or any of socialism’s other mass-murdering all-stars; none of them ever managed to turn their anti-human agendas into business plans. Planned Parenthood has, and it has managed to rake in an impressive haul of cash while maintaining 501(c)(3) tax-exempt status while doing so.

Since the abysmal Roe v. Wade decision opened the doors to the abattoirs abortionistas call “clinics,” nearly 60 million children have met their end in an abortionists’ office, with Planned Parenthood leading the way. In the last three years alone, Planned Parenthood has been the last stop for nearly 1 million American children, including nearly 330,000 last year alone. It’s worth noting that while the abortion rate has declined nationally, Planned Parenthood’s has risen over the same period. In fact, PP has turned abortion mills into a growth industry; abortion services are the only aspect of its so-called “women’s health services” that actually increased in the past three years.

Planned Parenthood doesn’t include the burgeoning fetal tissue-sales strategy discussed in the now-famous videos as a “women’s health service.” But don’t worry, pro-lifers, that twisted little side effort is just a drop in the bucket compared to PP’s biggest source of revenue: you. No matter what your attitude about abortion, you’ve thrown plenty of change in its bucket. In its 2013 to 2014 annual report, Planned Parenthood noted that the federal government shoveled $528.4 million into its swollen coffers.

In return for our forced largesse, you and I and our fellow American taxpayers have received a true bounty. In addition to the procedure that made PP rich and famous, we’ve picked up the tab to lobby for wholesome fun like free, anonymous abortions for 13-year-olds whose parents think they’re at the mall.

And there’s also PP’s outreach to the African-American community. Thanks to generous grants from Uncle Sam, PP has managed to make real what ought to seem nightmarishly unreal. According to Planned Parenthood’s own numbers, black people, who make up less than 13 percent of the American population, accounted for nearly 35 percent of abortions. In New York City, the most recent numbers reveal that more black babies have been killed in the Big Apple than have been born there.

And, of course, there’s the little matter of two senior Planned Parenthood officers casually haggling over the price of dead baby parts. There was a time when that sort of craven, soulless disregard for those most innocent and delicate among us would have earned you a spot in America’s hall of shame. When Hitler tried to engineer the biggest eugenics project in human history, the United States joined the rest of the world in putting a stop to his madness at a terrible cost. Now, Kermit Gosnell’s fellow abortionists and the people who make a living shilling for them are notconsidered villains. They are, in fact, lauded as heroes, funded primarily by your tax dollars and feted in the White House. Compared to Sanger’s daughters, Hitler was a piker.

Ben Crystal is a 1993 graduate of Davidson College and has burned the better part of the last two decades getting over the damage done by modern-day higher education. He now lives in Savannah, Ga., where he has hosted an award-winning radio talk show and been featured as a political analyst for television. Currently a principal at Saltymoss Productions—a media company specializing in concept television and campaign production, speechwriting and media strategy—Ben has written numerous articles on the subjects of municipal authoritarianism, the economic fallacy of sin taxes and analyses of congressional abuses of power.

OLDDOGS COMMENTS!

Cudos for Mr. Crystal, and where are the rest of competent authors on this subject? OR, as I suspect, no one gives a crap about infants they don’t have any connection to. I doubt not that many Americans are so self absorbed these days that they could care less. Take this to the bank folks, self-centered, hard hearted, societies do not last, they self-destruct! History is full of societies that have suffered agonizing decline in quality of life and freedom for the simple reason they would not stand up for compassion, truth, freedom, honesty, and instead embraced  debauchery and authoritarian governance to blame it on. Most of the animal kingdom has more and higher morals than Americans. So much for American exceptionallism.                          CHECK THIS OUT

PLANNED PARENTHOOD EXPECTS UNDERCOVER REPORTERS TO RELEASE VIDEO OF CLINICS HARVESTING BABY ORGANS

http://www.infowars.com/planned-parenthood-expects-undercover-reporters

-to-release-video-of-clinics-harvesting-baby-organs/

7-24-2015 5-29-38 PM

Disguised journalists were “shown a highly sensitive area in a clinic where tissue is processed”

 

By STEVE WATSON

Planned Parenthood, currently engaging in desperate damage control following the release of two damning videos of officials talking about selling body parts of aborted babies, has also notified Congress that it believes undercover journalists have actual footage of clinics carrying out the procedures.

As reported by Life News Planned Parenthood penned a letter to the House Energy and Commerce Committee saying that Chief Medical Director, Deborah Nucatola, who sipped wine while talking about selling fetal tissue, would not be available to answer questions at a briefing.

Within the letter, Planned Parenthood, attempting to get ahead of the scandal, also notifies Congress of what it believes will be released by undercover journalists with The Center for Medical Progress who posed as researchers with a fake pharmaceutical company called Biomax.

“Biomax set up exhibits at our National Medical Conference and our National Conference over the last couple of years.” the letter states.

It continues “We believe that on at least one occasion a representative from Biomax was shown a highly sensitive area in a clinic where tissue is processed after abortion procedures.”

In other words, the CMP may have caught Planned Parenthood harvesting baby body parts on camera.

Planned Parenthood, remarkably, sidesteps any questions of the legality of this process, and accuses CMP of breaking the law.

“While this work is standard and essential during any abortion procedure, any filming in such an area would be an extremely serious invasion of our patients’ privacy and dignity.” the letter states.

Planned Parenthood also accuses the journalists of attempting to paint them up as racists.

“We also believe that in at least one interaction at a Planned Parenthood facility, the Biomax representative asked questions about the racial characteristics of tissue donated to researchers studying sickle cell anemia, apparently seeking to create a misleading impression.” the letter states.

As InfoWars reported Tuesday, Planned Parenthood, with the help of it’s corporate media mouthpiece MSNBC, warned before the release of the second damning video that more footage was coming, with “racially-charged” overtones.

The Life News piece also goes into detail about what else may be coming down the line, noting that undercover reporters were able to infiltrate the abortion industry at its highest levels and gain access to conferences and meetings that require written recommendation from senior officials.

The piece notes that ‘Biomax’ managed to set up exhibition booths at two Planned Parenthood conferences as well as sponsoring events held by the National Abortion Federation and the national association for abortion providers in America.

While Republicans in Congress and several states have called for investigations into Planned Parenthood’s actions, Democrats are ignoring the scandal and actually calling for the Center for Medical Progress to be investigated for conducting a sting operation.

The leftist corporate media also continues to shill for Planned Parenthood, with the New York Times the latest outlet to get behind the damage control spin.

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It is past time to terminate membership in the United Nations and boot them from our shores

July 22nd, 2015 by

http://canadafreepress.com/article/73938?utm_source=CFP+Mailout&utm_campaign=2bd04541c5-5_20_2015&utm_medium=email&utm_term=0_d8f503f036-2bd04541c5-297722005

So, why are we still in the United Nations?

7-22-2015 8-07-33 AM

By A. Dru Kristenev — Bio and Archives  

After the United States’ president orchestrated the ultimate circumvention of his country’s representative branch of government in order to assist the western world’s archenemy to gain a foothold in the nuclear fraternity, the manner in which Obama achieved his ends must be closely examined. Not only is the president’s rationale questionable, but the five co-conspirator nations must be scrutinized for their complicity in endangering their own citizens.

As much as leaders of the free world praise the arrival of a global economy and each nation’s supposed place in it, the concept of a globally accepted, or acceptable, governing body is yet anathema to the average person. It matters not if they hail from Australia or Uzbekistan, no one is particularly interested in handing over power to an absent agency that, aside from not truly owning real estate in any of the member nations, resembles an absent landlord. The United Nations has become a squalling voice complaining about injustice all the while providing the best path to establish institutional injustice.

Engineering the manner by which the UN was to be used as a surrogate for the United States Congress, Obama laid the foundation with the participation of the Senate. Whether the collusion was attained knowingly or unwittingly, only those senators who voted for the Corker Bill that sidelined their treaty ratification power know for certain. The craftiness that inspired the sly move was accomplished through bending rules of language, something in which the Obama administration has become expert. The fact that Bob Corker and the other assenting senators were sucked into believing the Iran deal (that ensured Iran’s nuclear future) was an ‘executive agreement’ is proof of either their compliance with Obama or their gullibility. Neither description being complimentary, let alone inspiring trust.

Groundwork was laid from the beginning to use the withering body of politically correct UN dupes to do an end run around not just Americans, but the citizens of the other nations at the negotiation table.

The question should then be asked, why does the United States continue to hold membership in an organization that vilifies it, the sponsor nation? A nation that bankrolls a group harboring so-called diplomats from enemy countries who are welcomed inside its borders, walk its streets freely and plot its destruction, is simply dense for continuing any association. All one need do is listen to the Iranian parliament complain that the deal’s ICBM ban isn’t tolerable as it might keep them from developing the method to deliver nuclear missiles overseas and eventually into the laps of the Great Satan… us. That is, after they’ve annihilated Israel.

If Congress has any self-respect, or plain respect for those it represents, the citizens who constituted this nation, then it’s time the Senate and House disassociated the United States from the adversarial United Nations. There is no good purpose in belonging to an organization that makes every effort to bite the hand that feeds it. How much contempt should America endure from a batch of ragtag nations that are perfectly comfortable bleeding us monetarily while threatening our very lives?

The answer should be obvious except for the self-hate that has been fostered by public re-education that rewrites history to demean our heritage.

It is past time to terminate membership in the United Nations and boot them from our shores.

OLDDOGS COMMENTS!

Only the most stupid person, or deviant traitor would let their country and its people – economy – traditions – and every other facet of their lives be dominated by a shadow governing body. People of America please grow a set and demand the U.N. be evicted, dismantled, and disgraced. For God’s sake folks, wake the hell up and make your demands heard. Stop this stupid, idea you can’t do anything about it, because you can!  “Any people anywhere, being inclined and having the power, have the right to rise up and shake off the existing government and form a new one that suits them better. … Nor is this right confined to cases in which the whole people of an existing government may choose to exercise it. Any portion of such people that can may revolutionize and make their own of so much of the territory as they inhabit.” Lincoln expressed that view in an 1848 speech in the U.S. House of Representatives, supporting the war with Mexico and the secession of Texas [from Mexico]. (By Paul Craig Roberts)

 

Why Does The War on Terror Serve Western Policy?

July 21st, 2015 by

http://www.activistpost.com/2015/07/why-does-war-on-terror-serve-western.html

Peter O’Toole as British Intelligence agent, T.E. Lawrence.

 By Jay Dyer

From Benghazi to Turkey, the ISIS “supply lines” are directly from NATO-controlled territory, and apparently it never occurs to the minds of Western media to ask where, in fact, the so-called Islamic State obtains their arms. The reason for this is obvious, as it would demonstrate that the Islamic State is not a homegrown, indigenous Wahhabist extremist group, but Western creation, funded and aided like Al Qaeda since its inception, as Carter and Brzezinski openly discussed. Not much has changed in the international terror theater since 1979, save the targets. Counterpunch noted over a decade ago: Q: The former director of the CIA, Robert Gates, stated in his memoirs [“From the Shadows”], that American intelligence services began to aid the Mujahadeen in Afghanistan 6 months before the Soviet intervention. In this period you were the national security adviser to President Carter. You therefore played a role in this affair. Is that correct? Brzezinski: Yes. According to the official version of history, CIA aid to the Mujahadeen began during 1980, that is to say, after the Soviet army invaded Afghanistan, 24 Dec 1979.

But the reality, secretly guarded until now, is completely otherwise: Indeed, it was July 3, 1979 that President Carter signed the first directive for secret aid to the opponents of the pro-Soviet regime in Kabul. And that very day, I wrote a note to the president in which I explained to him that in my opinion this aid was going to induce a Soviet military intervention.

Concerning the aiding and funding of the updated Mujahideen-Al Qaeda-ISIS brand, Tony Cartalucci comments: The London Telegraph would report in their 2013 article, “CIA ‘running arms smuggling team in Benghazi when consulate was attacked’,” that: [CNN] said that a CIA team was working in an annex near the consulate on a project to supply missiles from Libyan armouries to Syrian rebels. Weapons have also come from Eastern Europe, with the New York Times reporting in 2013 in their article, “Arms Airlift to Syria Rebels Expands, With Aid From C.I.A.,” that: From offices at secret locations, American intelligence officers have helped the Arab governments shop for weapons, including a large procurement from Croatia, and have vetted rebel commanders and groups to determine who should receive the weapons as they arrive, according to American officials speaking on the condition of anonymity.

And while Western media sources continuously refer to ISIS and other factions operating under the banner of Al Qaeda as “rebels” or “moderates,” it is clear that if billions of dollars in weapons were truly going to “moderates,” they, not ISIS would be dominating the battlefield. Recent revelations have revealed that as early as 2012 the United States Department of Defense not only anticipated the creation of a “Salafist Principality” straddling Syria and Iraq precisely where ISIS now exists, it welcomed it eagerly and contributed to the circumstances required to bring it about.” In terms of foreign policy, the target with ISIS is still Syria, as Washington elites have expounded through their Brookings Institution discussion of June 24, a rebound from the failed attempt by John Kerry to drum up support for war with Syria that fell flat due to the exposure of the laughable false flag “chlorine attack” propaganda pinned on Assad.

Now ISIS is both the means and the raison d’etre for invading and saving Syria, in the classic problem-reaction-solution strategy the West never tires from enacting in the global “freedom” war. Acting far inferior to Peter O’Toole. The endless, eternal war on terror is a contrived strategy of tension the Atlanticist establishment has used for over a hundred years, dating back to the exploits of Harry St. John Philby, T.E. Lawrence and the British carving up of the Middle East and special relationship with Saudi Arabia.

As mentioned, nothing has changed in the last century, other than the focal point of the terror attacks, as the Middle East must constantly be broken up, destabilized and reorganized into “micro-nations” more amenable to Washington’s corrupt corporate and ideological expansionist domination. Recent so-called “terror events” are merely dots on the long timeline of terror, a scripted narrative designed to remodel the American landscape as much as the Middle East, according to D.C. think tank machinations. Saudi Arabia, of course if one of the world’s chief funders of terror, operating as a proxy for the Western elites. Jordan, Qatar, the UAE, Oman, Bahrain and Kuwait are all “Gulf Cooperation nations,” arising from the aegis of the British Empire, and adopted under the U.S. empire.

And what is constantly forgotten is the origin of this cadre’s alignment of the West through oil production was not merely the result of OPEC and Kissinger, it was in fact organized by Bilderberg: It was Bilderberg that organized the ’70s OPEC oil debacle. Isn’t it curious the GCC pro-terror states are also Western-supplying oil states? Citing William F. Engdahl in his A Century of War, Andrew Gavin Marshall writes: One enormous consequence of the ensuing 400 per cent rise in OPEC oil prices was that investments of hundreds of millions of dollars by British Petroleum, Royal Dutch Shell [both present at Bilderberg] and other Anglo-American petroleum concerns in the risky North Sea could produce oil at a profit,” as “the profitability of these new North Sea oilfields was not at all secure until after the OPEC price rises.” In 2001, the former Saudi representative to OPEC, Sheik Ahmed Yamani, said, “’I am 100 per cent sure that the Americans were behind the increase in the price of oil. The oil companies were in real trouble at that time, they had borrowed a lot of money and they needed a high oil price to save them.”

When he was sent by King Faisal to the Shah of Iran in 1974, the Shah said that it was Henry Kissinger who wanted a higher price for oil. (136-7) In other words, war is a racket, as General Smedley Butler famously stated, and the new “War on Terror” (TM) of our day is not new, but an updated version of the old British strategy of staving off Russia. Little has changed a century later, as the major power bloc of the West, the Atlanticists still charge forward according to the Mackinder Heartland doctrine that the Western merchant/banking sea power must dominate and control the Eurasian “heartland” to ensure no Eastern rivalry.

Through the export of Opium, China was subjugated, and through export of Marxism, both China and Russia experienced the havoc of Western-born ideological materialism. Heartland versus Rimland. It is precisely this same utilitarian Anglo-empiricist, pragmatist philosophy that has ultimately turned on its own populace in a parasitical fashion unheard of for past empires.

Promising sensual and economic utopia, the Bolshevik export to Russia on the part of the Atlantic banking power is not the top-down social engineering strategy of the corporate elite upon the U.S. population itself. The great delusion is that the West is “free,” when it is entering the realm of greater enslavement than Sovietism experienced. The only difference is the foolish Western populace cannot grasp their enslavement is at the hands of Marxist corporations.

The central banks, the Fortune 100 and their shareholders love cultural Marxism and command and control, socialist economic models because it is the quickest way to consolidate wealth and transfer the actually valuable assets to the controlling oligarchy. In such a system, the opposition will inevitably all be titled “terrorists,” as the appellation is already being extended beyond radical Islamists. And after it extends beyond the average person, the conditioning will be so strong that any thoughts, words, actions or potential-pre-crime actions will also follow under the elastic notion of “terror.”

Terrorism is thus a social weapon, not of indigenous, individual “actors” and lone wolves, but stage managed dupes, patsies and tools of an international oligarchical cartel, as Orwell demonstrated in 1984 with the fictional villain of Immanuel Goldstein. Indeed, who funds these groups? (We saw who, above). The most obvious fact of the contradiction of the “War on Terror” (TM) is that it almost always works to further Washington’s domestic and geopolitical aims. Terror, then, is like Trotsky’s notion of perpetual war – perpetual war on the psyche of the globe (it’s a global war on terror), as a phase in the dialectical convergence on the path to global government. That is why terrorism serves western political aims. You can read more from Jay Dyer at his site Jay’s Analysis.

This article may be re-posted in full with attribution. 

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Why Some People Will Always Bow to Tyrants

July 20th, 2015 by

http://www.activistpost.com/2015/07/why-some-people-will-always-bow-to.html

7-20-2015 10-06-23 AM

By Joshua Krause

As America continues to descend into a vicious police state, many have wondered how it all came to this. The easiest answer to that question, is that we let it happen. No matter how brutal a regime may be, tyrants never come to power unless they gain the approval, or at least the indifferent consent of their people.

So the real question is, how come so many people seem absolutely complacent in the face of our crumbling cultural values, and the steady march of tyranny? Even worse, how can so many people revel in it? It seems like the number of people who truly value freedom are severely outnumbered by idiots and power tripping busybodies. Granted, the number of people who want to be free has grown in recent years, but they’re still few and far between when compared to the glut of grovelling masses that we share the world with.

Here’s the awful answer to that question, and the dirty truth that most people can’t bring themselves to admit. Most people love freedom, but only as an idea. They like the idea that they can do whatever they want, they admire the archetype of the rugged individualist, and everyone loves underdogs and rebels. In other words, people love the banners and symbols of freedom, but do they love freedom in practice?

I would argue that no, many of them don’t. As strange as it may sound, most people really struggle with having freedom. Let me provide an example, of which there are many in the field of marketing.

In the year 2000, two psychologists conducted a study on how the number of choices we have affects our behavior. They went to a supermarket and displayed 24 different gourmet jams on a table, and provided $1 coupons to see how much interest it garnered. They did the same thing the next day, but instead of 24 jams, there were only 6. The large display attracted much more interest, but the small display generated 10 times as many sales.

Maybe you think that study is inconsequential, and I wouldn’t blame you for thinking that, but let me share another case that will clarify my point. One of the psychologists who conducted that study, did another study on the differences between end-of-life care in the United States and France. She interviewed parents in both countries who had children on life support. In France, the doctor makes the decision as to whether or not a child is taken off life support, and in the United States it is the parents’ decision.

She talked to these parents a year after their children had died. The American parents were much more distraught over their decision to pull the plug. They still had nagging doubts about whether it was the right decision to make, and they felt like they had “executed” their children. The French parents, on the other hand, didn’t feel nearly as bad about the situation. They were well on their way to coping with the tragedy.

The point I’m trying to make here is that most people don’t like having choices, despite how much they’ll argue to the contrary. The more choices they’re given, the more likely they are to not like the choices they have or make. There’s much more doubt about whether or not that choice was correct, which leads to some pretty counter-intuitive conclusions. You can measure how free you are by the number of choices you have, and most people claim to love freedom, but in many cases those people are happier when they have fewer, or no choices. I think most people are simply happier without freedom, which is unfortunate and sad to say the least.

And that is why so many people accept tyranny, and why it will always be a problem for the human race. Because tyranny is so much easier than freedom. It is acquiescence. It means giving up. Tyranny is for quitters, and it amounts to handing over the reins to someone else.  Most people are happier when they don’t have a choice, and they don’t even realize it.

However, there is another way to look at this odd human behavior.

There was another interesting fact that was gleaned from that study. The American parents who had chosen to take their sick children off life support, still regretted their decision. But when asked if they would have had it any other way, most of them claimed that they would have still made the same decision. Their decision made them unhappy, they knew it made them unhappy, but when they were asked if they would have rather let the doctor make that choice, they all said no.

And that right there is an example of people who truly want freedom, and not just the rosy idea of freedom. Those who truly want freedom are willing to accept the painful struggle of having a choice in life, and prefer it to the ignorant bliss that comes with not having a choice. However, it was only applicable to that particular situation. Would those same parents prefer to have a choice in every other aspect of their lives?

Unfortunately, that kind of person is a rare bird these days. If you could ask everyone in the world about their ethics and political beliefs, you’d probably find a wide variety, but most of them would have one thing in common. There’s always some part of their lives that they are willing to relinquish to a “higher authority,” and that part differs depending on their ideology. Most people don’t really want the full freedom package.

So it’s up to the rare few who really want freedom, without compromise, to make it a reality for themselves. The human race will always teeter on the edge of a tyrannical abyss, because there is an inherent weakness in our species. We’re happier when we don’t have so many choices (or freedom), which means that accepting tyranny is easy for us. It takes all our strength and moral fiber to rise above it, because we default towards tyranny (which is defined by the lack of choice in our lives) when we stop caring. It’s our natural inclination.

Just as human weakness and apathy leads to ignorance, violence, and hatred, it also destroys freedom. And the political and financial elitists of the world want you to give in to your weaknesses, and fall back on those baser instincts. They want you to give up. They want you to yearn for a simple life, where your choices are taken care of by someone else. They want you to be a slave.

But do you really want that? Do you have the strength to make that choice? 

Joshua Krause is a reporter, writer and researcher at The Daily Sheeple. He was born and raised in the Bay Area and is a freelance writer and author. You can follow Joshua’s reports at Facebook or on his personal Twitter. Joshua’s website is Strange Danger. 

This article may be re-posted in full with attribution. 

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The Constitution of the EUs Dictatorship

July 18th, 2015 by

http://www.globalresearch.ca/the-constitution-of-the-eus-dictatorship/5462917

7-18-2015 10-30-11 AM

By Eric Zuesse

Global Research

It’s here:

http://www.esm.europa.eu/pdf/ESM Treaty consolidated 13-03-2014.pdf

That’s the treaty establishing (which was originally done in 2012) the ultimate lending-fund for what the EU now officially considers to be a permanent economic crisis in Europe, of member-nations that are experiencing “severe financing problems,” and that are therefore continually ripe for asset-stripping by aristocrats.

It’s called the European Stability Mechanism.

It’s anything but that. Here is what it actually does:

http://corporateeurope.org/economy-finance/2014/06/european-stability-mechanism-esm-no-democracy-bailout-fund

In other words: it establishes the European bureaucracy to serve global aristocrats, so as to help them asset-strip the European populations of corrupt member-nations. These bureaucrats get transferred back-and-forth between this bureaucracy and the big financial institutions (which also are dependent upon the same billionaires), so that these bureaucratic servants of the aristocracy can themselves gradually emerge as aristocrats, basically joining (now becoming principals, no longer merely agents of) the aristocratic financial war stripping the public.

Here are some key provisions of this “Treaty,” or Europe’s (or the EU’s) new constitution:

Article 34. Professional secrecy. The Members or former Members of the Board of Governors and of the Board of Directors and any other persons who work or have worked for or in connection with the ESM shall not disclose information that is subject to professional secrecy. They shall be required, even after their duties have ceased, not to disclose information of the kind covered by the obligation of professional secrecy.

Article 35. Immunities of persons. 1. In the interest of the ESM, the Chairperson of the Board of Governors, Governors, alternate Governors, Directors, alternate Directors, as well as the Managing Director and other staff members shall be immune from legal proceedings with respect to acts performed by them in their official capacity and shall enjoy inviolability in respect of their official papers and documents. …

Article 36. Exemption from taxation. 1. Within the scope of its official activities, the ESM, its assets, income, property and its operations and transactions authorised by this Treaty shall be exempt from all direct taxes. …

It’s a “Mechanism” (basically, a government) to transfer to the aristocracy the public’s assets, which are the lands and pensions and healthcare and educational systems, which, in a democracy, are supposed to serve the public, but which, in an aristocracy, serve instead the billionaires. In Europe, aristocrats are still in charge.

For example, one confidential document, dated 11 June 2013, “Real Estate Based Asset Financing for the Hellenic Republic,” has this:

“The Hellenic Republic [Greece] holds a diverse collection of assets, many of which have been scheduled for sale as part of its commitments under the Memorandum of Understanding (MoU) between the European Commission, the International Monetary Fund, the European Central Bank [the three members of ’The Troika’], and the Hellenic Republic. The sale of state-owned assets is a one-off opportunity to raise capital for the Hellenic Republic [to be able to repay banks, which had lent to Greece at an 18% interest rate — and thereby already enriched aristocrats heavily at the public’s expense — and now retrospectively taxpayer-guaranteeing those junk bonds, which global aristocrats had bought through those banks, granting these 18%-interest-rate junk bonds a retrospective AAA+ equivalent taxpayer-guaranteed status, courtesy of the politicians who were supposed to have represented the public].”

Furthermore: “This would help increase the privatisation proceeds beyond the amount currently forseen in the MoU. The majority of the real estate is undeveloped land, with substantial potential,” which “potential” won’t be enjoyed by the Greek public via a future improved Greek national economy and increased tax-income into the Greek Government, but instead enjoyed by global aristocrats, who will be buying that “undeveloped land” now, before its value soars — so that aristocrats will be in on the rip-offs of the Greek public, both coming, and, now, going.

The document specifies that, “A large part of the Greek real estate portfolio is suitable for tourist development, and given Greece’s climate and leisure and holiday potential this is the key source of potential value for investors.” In other words: whatever desperate Greeks will still remain in Greece after all of the stripping of the assets of the state, will now become available, at rock-bottom subsistence wages, to serve tourists, while the billionaire owners, throughout the world, will be reaping the profits, from that land (including the beaches and new hotels), and from their slaves there (serving those tourists). This is commonly called “the free market”: the more desperate and poor the public (the Greeks serving those tourists) are, the more profit the aristocracy (the owners of those resorts) will receive. After Barack Obama’s coup overthrew Ukraine’s democratically elected President in February 2014, Ukraine’s soaring debt is already being treated this way (being set up for privatization), even before Ukraine joins the EU (if it ever will). Similarly, privatization followed the junta that Obama protected (if he didn’t even place them into power) in Honduras in 2009.

There is nothing basically new about this. Benito Mussolini introduced privatization in Italy during the 1920s. Admiring his success with that wealth-transfer to aristocrats, Adolf Hitler then took it up in Germany during the 1930s.

Nowadays, this is called “libertarianism” in the United States, and “neoliberalism” in Europe. It’s just standard economic theory, being put into political practice. Another term for it is “austerity” (as the public calls it), or (to employ the economist’s euphemistic phrase for it) “fiscal consolidation.”

What Mussolini and Hitler started, is now being put into practice increasingly around the world, but it is no longer overtly called “fascism.” Mussolini and Hitler were defeated in WW II, and so the label “fascist” needed to be changed, but the aristocracy, which financed fascists’ rises, has by now emerged victorious (in the U.S. and not only in Europe), using deceit (including these new labels), instead of relying upon mere bombs and guns. There are enough fools (‘libertarians,’ or believers in ‘the free market,’ etc.), so that victory comes far cheaper via such deceits (mental coercion) than via violence (physical coercion — coercion against the body). (But, of course, war, too, can be profitable.)

The entirety of the ‘Greek bailouts’ is bailouts of the aristocracy, not of the public; it’s just like America’s ‘Wall Street bailouts,’ which bailed out the banksters instead of the cheated MBS investors and homeowners. The ‘Greek bailouts’ were actually loans, not ‘bailouts’ at all; and after the loans turned sour, taxpayers were forced to buy them from the aristocrats, who were the ultimate recipients of the actual bailouts. The lenders never bailed anybody out, but instead were bailed out by the public. However, in the Greek case, the people who are blamed are the Greek public, who are being stripped. After all, such blame-the-victim is the natural response, for believers in ‘the free market.’ But it would be like blaming the stripped pension funds, and the underwater homeowners, for having caused the bailouts of Wall Street. Calling them ‘bailouts of Greece’ is the reverse of what they actually are, which is an ongoing stripping of the Greek public. (Other European publics should be angry against the aristocrats they’re bailing out, not against the Greek public, who never benefited from those loans, and who aren’t the people that socked away some or all of those borrewed funds into Swiss or other accounts abroad.) It’s like blaming a raped woman for having been raped. That’s conservative, in the extreme. It’s fascist.

The EU’s dictatorship is by the aristocracy, against the public. It’s just like the U.S. dictatorship — competing parties, both or all of which represent the aristocracy, against the public; none representing the public, against the aristocracy. Conservatives support it, because they support the aristocracy. (A reader replied to this, “it isn’t just the doctrinaire conservatives that support the new aristocracy it is the majority of the public”; but the majority of the public is conservative, they’re devoted to myths; so, that’s not contradicting my assertion, it’s just restating the tragedy.)

This is why inequality is high, and soaring. Democracy is disappearing.

Investigative historian Eric Zuesse is the author, most recently, of They’re Not Even Close: The Democratic vs. Republican Economic Records, 1910-2010, and of CHRIST’S VENTRILOQUISTS: The Event that Created Christianity.

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It Was the First Time the CIA Overthrew a Government…

July 17th, 2015 by

http://www.activistpost.com/2015/07/it-was-first-time-cia-overthrew.html

 By Nick Giambruno

62 years later, the aftermath is still troubling global politics.

Operation Ajax was a pivotal moment in US and world history. It was the first time the CIA overthrew a government.

Yet even today the US government would rather not talk about it. That’s why it remains an unknown story for many Americans.

The year was 1953. The objective was to oust Mohammad Mossadegh, the elected leader of the Majlis, Iran’s parliament. Mossadegh was not a communist or a radical Islamist. He didn’t follow any objectionable ideology. Instead, he was a secular nationalist. But he was inconvenient. Like many Iranians, he was proud of his Persian heritage.

(Until 1935, Iran was still known as Persia.) Persia once was an imperial civilization, like Rome. Twentieth-century nationalists channeled that glorious past, and they were keen on independence. So it’s no surprise Mossadegh was earnest about ridding the country’s politics of foreign influence.

At the time, Great Britain was the most active outside power in Iran. For decades the British had enjoyed a sweetheart oil deal struck with a former, corrupt Iranian leader. It allowed them to control Iran’s petroleum industry and, by extension, the country’s entire economy.

To nationalists like Mossadegh, this was intolerable and infuriating. It would be like China getting a sweetheart deal from President Obama for control of the US auto industry. No red-blooded American would stand for such a thing.

It was the early 1950s. The smoke from World War II, a war that killed over 60 million people, still lingered. The horrors were fresh in everyone’s mind.

Access to oil had been a decisive factor in that war. Had Hitler succeeded in securing his supply in 1942, the world might look very different today.

It was a concept not lost on the British. If any country wanted to win a big war, it needed oil. Lots of it. It was a matter of life and death.

Iran was a major source of oil for the British. Access to it was a strategic military asset of the highest order. One the British would not give up for any price.

Mossadegh understood this. He concluded that the only way to claw back the oil industry was to nationalize it. On May 1, 1951, he did just that.

Shortly afterward, he stated: Another important consideration is that by the elimination of the power of the British company, we would also eliminate corruption and intrigue, by means of which the internal affairs of our country have been influenced.

Once this tutelage has ceased, Iran will have achieved its economic and political independence. The British were not about to give up. They hatched a plot to regain their influence in Iran. But they couldn’t do it alone. They would need help from the US. But the US just wasn’t interested. So the British undertook a campaign to paint Mossadegh as a communist.

The Brits played America’s Cold-War fears like a piano. They convinced the US government that the commies were making inroads in Iran. Given that Iran was just south of the expanding Soviet Union, the story was plausible… but not true. In the end, it worked. The Americans came on board.

Operation Ajax was born. The objective: overthrow Mossadegh’s elected government and replace it with something more pliable.

MI6, the UK’s foreign spy agency, and the CIA would organize the coup. Kermit Roosevelt, a grandson of former US President Teddy Roosevelt, was the CIA officer in charge. The goal was to return the monarchy of Mohammad Reza Shah Pahlavi (also known as “the Shah”) to power.

(In Farsi, the Persian language, “shah” means “king.”)

The CIA and MI6 used classic methods of subterfuge. They paid Iranian goons to pose as communists and wreak havoc in Tehran, the Iranian capital, and vandalize its business district. The police couldn’t restrain them, and the violence grew.

The coup plotters knew such events would disgust ordinary Iranians, who were fearful of communism. It would cause them to demand action. That action would include the Iranian military stepping in.

As part of the plot, the CIA and MI6 had corrupted key Iranian generals for just this moment. As if on cue, the generals took charge and deposed Mossadegh’s government.

The Iranian people didn’t resist. Instead, they cheered. They thought the military was saving them from a violent communist revolution. Mossadegh’s government was out of the way. The coup’s operatives in the Iranian military had seized power. The path had been cleared for the Shah.

The Shah knew he owed his position to the US and UK. What they giveth, they could taketh away. The Shah was more than willing to do whatever the US and UK wanted him to do.

Operation Ajax was a success… but it would not be an enduring one. The Iranian people would eventually figure out what really happened. Many of them would come to despise the Shah as a puppet of a foreign power.

To maintain his position, the Shah became more despotic… which only fed the opposition. In 1979, 26 years after Operation Ajax, a popular uprising overthrew the Shah. A power struggle ensued, and Ayatollah Khomeini’s Islamist forces prevailed.

The Islamic Republic of Iran was born. This time, it was an anti-American government that came to power. Decades of animosity followed, and it continues to this day. It’s unthinkable to most that the Islamic Republic of Iran could offer any sort of investment opportunity. Many find the mere mention of the country distasteful.

There’s another country that most would have considered unthinkable to invest in at one time. Many got hot under the collar just at the mention of its name too: the People’s Republic of China.

If you had followed their thinking, you would have missed out on one of recent history’s most powerful economic booms. That’s precisely why you should ditch the conventional wisdom when it comes to thinking about profiting from Iran. If you don’t, you could be letting a once-in-a-generation opportunity pass you by.

Recently, I discussed investing in Iran with legendary investor Jim Rogers. He told us: I bought Iranian shares in 1993, and over the next few years, [they] went up something like 47 times, so it was an astonishing success. That was then. Now, additional sanctions make investing directly in Iran off limits to Americans and most Europeans. But that could soon change.

The conclusion of the negotiations on Iran’s nuclear program means the economic floodgates will open. Persia will once again be open for business. It would be a big deal: Iran’s $370 billion economy is by far the largest still excluded from the international financial system. Iran has the world’s third-largest proven oil reserves (10% of the world’s total) and the second-largest proven natural gas reserves (17% of the world’s total). A tremendous amount of wealth is waiting to be developed.

Iran’s economy is not all about natural resources. The country is home to advanced nanotechnologies and the Middle East’s largest car manufacturer. Its young population of 78 million yearns for iPhones and other Western products, and there’s enormous built-up demand. That demand is getting ready to explode like Mt. St. Helens.

European and Asian companies have been scrambling to Tehran to line up business deals. In short, the opening of Iran is a massive opportunity. Even if the West doesn’t lift the sanctions, Iran will simply turn to the East to do business. Either way, the Iranian economy is on course to experience one of the greatest booms in recent history. It’s on a scale the world hasn’t seen since the opening of China.

Opportunities like this don’t happen every day, every year, or even every decade. But for the average American, Iran is at the bottom of the list of potential investment destinations. That’s what more than 30 years of hostility and charter membership in the “Axis of Evil” will do. The sentiment couldn’t get any worse.

As a contrarian, that’s just how I like it. But only if there is a solid reason to believe that the negative sentiment is misplaced. In the case of Iran, I am certain that it is.

In the not-so-distant past, I used to live in the United Arab Emirates… right across the Persian Gulf from Iran. Being there gave me the chance to see the country firsthand. On the Ground in Iran Hands down, Iran is the most fascinating country I’ve ever been to.

I’ve been to almost every country in the Middle East. Iran stands out for a number of reasons. Unlike most other states in the Middle East, Persia is not an artificial construct. By race, religion, and social history, it is a nation.

And European bureaucrats didn’t dream up Iran by drawing zig-zags on a map. The map reflects the geographic reality of a country with natural, fortress-like, mountain borders. For an American, getting there isn’t easy. But that’s part of the allure. You can’t simply hop on a flight to Tehran from New York, like you would to Vancouver or London. You can’t enter the country unless the Iranian government has granted you permission in advance. And they take their careful time.

The US has no diplomatic relations with Iran. There is no Iranian embassy or consulate in the US at which to apply for a visa, but there is an Iranian interests section in the Pakistani embassy in Washington, DC, that can handle such requests.

I was living near Dubai at the time, so it was easier for me to go to the Iranian consulate there. But you can’t just drop in to the Iranian consulate and apply for a tourist visa. You have to work with an authorized service to assist you in the process, which is what I did. After I submitted my paperwork and waited a number of weeks, and then waited another couple of weeks, the Iranian government approved my application.

I immediately noticed that the Iranian visa in my passport was not the kind of cheap stamp you often get from Third-World countries. Instead it carried holograms and other anti-counterfeiting features. Things that are associated with documents from developed countries. It was a clue that Iran, a seemingly isolated and underdeveloped place, was more sophisticated than I had expected.

Sanctions have disconnected Iran from the international financial system. Your ATM and credit cards won’t work there. You need to bring cash (US dollars or euros work best) and exchange it for Iranian rials. Iranians also have increasingly returned to gold as a store of value and medium of exchange. This is no surprise. People in all corners of the globe have used gold this way for thousands of years.

As soon as my flight landed in Tehran, my Iranian “tour guide” greeted me. The Iranian government requires that minders accompany Americans at all times. It’s a result of the Iranian government’s not-necessarily unreasonable paranoia. They’d like to prevent Operation Ajax 2.0.

Having a mandatory tour guide wasn’t all bad. Mine was a dual American-Iranian citizen named Ali. Ali had spent a lot of time in California and spoke perfect American English. He took me everywhere I wanted to go. At the end of some days, Ali would let me go off on my own.

This gave me the chance to explore Tehran’s affluent northern suburbs and legendary bazaar. No matter where I went, everyone was genuinely kind and hospitable… even after figuring out I was American. Not what you would expect for a place known for its “Death to America” chants.

It became obvious the average Iranian harbors no hatred for Americans. (For more on what life is really like in Iran, I’d suggest you watch travel writer Rick Steves’ video, Rick Steves’ Iran.)

The trip to Iran helped solidify my belief that the country is the ultimate contrarian opportunity. It revealed the reality hiding behind the frenzied sentiment of conventional thinking. It was just waiting for the right catalyst. And now that catalyst is at hand. The conclusion of the nuclear negotiations and the relaxation of sanctions will release all the massive, built-up economic potential. The rationale for profiting from the opening of Iran is clear. Finding a practical way to do so is not.

There is a way, however… and a good one. One that is easily accessible through any brokerage account to US investors and is completely legal for them. For all the details click here to check out the latest issue of Crisis Speculator.

 

This article may be re-posted in full with attribution.

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PUBLIC SCHOOLS WANT TO CHANGE YOUR CHILDS SEX

July 16th, 2015 by

http://www.newswithviews.com/Duigon/lee311.htm

By Lee Duigon

NewsWithViews.com

Outrage of the week (for the time being): Oregon public schools offer sex-change “therapy” to children without their parents’ knowledge or consent.

All right, the Fox News report did make it sound kind of like the schools were rushing a lot of kids into sex-change operations. Liberals fired back by resorting to a Snopes.com refutation of the story, the gist of which was, “Move along, folks, move along—there’s nothing to worry about here,” despite the fact that, admitted by Snopes, “Services already approved for this new, covered line [covered by Medicaid, they mean] include psychotherapy, medical visits, and medications to suppress puberty in gender questioning youth.” Did you get that last bit? “Medications to suppress puberty in gender questioning youth.” Does that strike you as entirely innocuous?

Snopes is all wet on this one, and here’s why.

First, although the actual “gender reassignment” surgery is difficult and very expensive, the ideology behind it isn’t. So a doctor would have to be pretty reckless, financially, to perform such an operation on a 15-year-old without the parents’ consent, based on the extremely small likelihood that the teenager would be able to pay for it (“Honest, doc, I’ll pay you just as soon as I finish working off my college student debt”—at which time the doctor might be on the way to his 100th birthday, presuming he’s still alive).

Indoctrination is cheap, and the schools are big on indoctrination. For instance, there’s a school district in Nebraska where the teachers have been told not to call girls and boys “girls and boys” anymore, but “purple penguins,” because calling them girls and boys would be “uninclusive” of other, largely imaginary, “genders”. [Read]

Second, this “trans ed” caper is only part of a much larger agenda to rush children into sex, any and all sex, as quickly and as thoroughly as possible. Parents who send their kids to public schools deny that this is being done. If they admitted it was being done, they would then have to explain why they were allowing it to be done to their children. It’s too bad these parents can’t be loaded onto a bus and forced to attend one of the “sex educators’” conventions I’ve personally covered in New Jersey. This has been going on for years.

Third, not all of the indoctrination is active. Some of it is passive. Here’s a Catholic school where the “religious director” has been fired for being in a lesbian “marriage”. [Read] Although the Roman Catholic Church teaches that homosexuality is a mortal sin, this woman’s daily presence as religious director at a Catholic school gave the message that this teaching is not to be taken at all seriously. God was just kidding when he said that was a sin.

Stuff like this is bound to happen in any society ruled, top to bottom, by perverts, thieves, liars, and wackos. Lib’ral politicians, university pinheads, powerful teachers’ unions, Hollywood, and the nooze media are all solidly behind this push for child sexualization. Jerry Sandusky must feel like a real chump, sitting in jail for doing what is defended and applauded throughout the academic world.

But parents don’t want to believe that, do they? Because then they would have to explain why they send their kids to public school to be taught all this toxic foolishness.

And the American people react to it with all the vigor of algae on the surface of a pond. Hey, do whatever you want to us! Teach our children that they aren’t boys or girls, but “purple penguins” or whatever. Erase our national borders. Replace the electorate with a whole new majority consisting of illegal aliens and welfare drones who know nothing of and care nothing for American traditions. Give Bruce Jenner a Medal of Freedom for being a lost soul and having himself turned into a sham “woman.” Redefine our basic social institutions anytime you feel like it. We won’t resist. We’ll just watch TV and play video games.

What we are doing is setting up our country for a fall of Biblical proportions.

We are killing our culture, and in the not-so-long run, our culture is going to kill us back.

© 2015 Lee Duigon – All Rights Reserved

Lee Duigon, a contributing editor with the Chalcedon Foundation, is a former newspaper reporter and editor, small businessman, teacher, and horror novelist. He has been married to his wife, Patricia, for 34 years. See his new fantasy/adventure novels, Bell Mountain and The Cellar Beneath the Cellar, available on www.amazon.com

Website: LeeDuigon.com

E-Mail: leeduigon@verizon.net

OLDDOGS COMMENTS!

I am at odds with the two subjects here as to which is the most ludicrous. For sure, exposing this kind of ideology on children is a putrid betrayal of parental trust. But the success of the frog syndrome on the parents is way beyond my ability to elucidate in acceptable language. I am almost to the point of congratulating the scumbags in our government for their participation in this travesty. After all, this could not have happened without their approval. They are masters at implementing the frog syndrome on an apathetic citizenry. These puke parents only care about their own infatuations. American values are being sodomized while the people play innocent. In my day, I would have dragged any teacher behind my truck over a gravel road for teaching this to my children. Unbeliveable!

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HOW YOU BECAME A SLAVE TO THE BANKERS!

July 15th, 2015 by

http://whatreallyhappened.com/WRHARTICLES/slavetobanks.php#axzz3fzWjwNDi

7-15-2015 4-20-36 PM

By Michael Rivero

In the good old days, after George Washington and the boys won the war to free us from the bank of England’s predatory and impoverishing practices, they set up a “revolutionary” economic system. The government created and issued all the public currency, spending it into circulation to purchase what the government needed, then after the currency circulated through society to fuel commerce, was taxed back to the government to balance the books.

Simple!

Banks existed, of course. But they were kept off to one side, and use of the banks was optional for the people of the United States. It was possible to go through one’s entire life without dealing with a bank if one chose to do so.

This system not only reserved the choice whether to use the bank to the people, but it was a stable system, because as debt increased, the people could voluntarily choose to stop borrowing from the bank! That was one of the most important freedoms won during the revolution; the freedom to say “no” to the banks!

Then, in 1913, a corrupt Congress and a corrupt President changed the structure of the nation’s economy and stole your freedom to say “no”! The economic system was reverted to a mirror of that same system the nation fought a revolution to be free of. The power to issue money was taken away from the government and given to the bankers and from that day onward, ALL money in circulation was created as the result of a loan at interest from the bankers to the government, to business, and to the people. There is no exception. Every dollar paid in salary, spent to purchase food or gas, or paid in taxes, began as an interest bearing loan. There is no money in circulation in the United States that did not start out as a loan at interest from the bankers at the privately-owned Federal Reserve system.

From that moment on, the freedom of the people to refuse to borrow from the banks and to refuse to pay interest was stripped away. To participate in the commerce of the United States at all means being forced to use money loaned at interest, to the profit of the bankers and the impoverishment of the public. Your freedom to say “no” was stolen by Congress in 1913, without your permission and before you were born.

When you have lost the freedom to say “no”, when you have no choice but to pay a percentage of your earnings as interest to the bankers whether in private debt or taxes to cover the gargantuan debts by the US Government itself, you are a slave to the bankers. And because more money is owed to the bankers than actually exists, because of the interest charged on the loan that created the money, the debt-slavery is permanent! No matter how hard you work, no matter how much you sacrifice, the debt can never be paid off. The system is intentionally designed to trap the nation’s population permantly in unpayable debt, to make them slaves to that debt and to the bankers. This is the purpose behind the design of the Federal Reserve, the International Monitary Fund, the European Central Bank, and indeed every private central bank issuing the public currency as a loan at interest. This is why today every nation is drowning in created debt, and slaved to the private bankers. That is the reason for ever increasing taxes and decreasing benefits; to pay the bankers their unpayable interest on the public currency.

For that enslavement to succeed, your right and freedom to refuse that bank’s interest-bearing money must be stripped away. The government must force you to use that private central bank’s currency, loaned to you at interest, via the Legal Tender Laws. Therein lies your slave chains. You are ordered by the government, on pain of prison, to use the banker’s money, and to pay the interest charged by the bankers through your taxes.

Free people have the right to say “no.” Free people have a right to decide for themselves what medium of exchange they will use and to choose not to involve the bankers!

There is no freedom without the freedom to say “no.” Slaves cannot say “no” when ordered to surrender the products of their labor to their masters.

You are a slave.

“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is now controlled by its system of credit.We are no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.” — Woodrow Wilson 1919

Slavery exists only because the slaves have been taught to believe that slavery is the way the world is supposed to be. Beliefs are chains used to enslave free people. No chains of steel ever bound a human tighter than the chains made of the beliefs with which we are indoctrinated while young in the state schools and the churches.

Slaves used to be held prisoner by their belief in rule by divine right. Then the slaves regained their freedom when they realized that divine right is only an illusion created by the enslavers to trick the people into obedient servitude.

Then slaves were held prisoner by their belief in rule by chattel ownership of one’s body. Then the slaves regained their freedom when they realized that one person owning another is an illusion created by the enslavers to trick the people into obedient servitude.

Today the modern slaves (that is YOU) are held prisoner by their belief in compound interest; that they owe money that never existed to repay money created out of thin air. And you modern slaves will regain your freedoms when you realize that private central banking is just another illusion created by the enslavers to trick you into obedient servitude.

Stop believing.

Cry freedom!

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Truth is an existential threat to the US government

July 14th, 2015 by

http://www.familysecuritymatters.org/publications/detail/truth

-is-an-existential-threat-to-the-us-government?f=must_reads

7-14-2015 7-12-52 AM

By LAWRENCE SELLIN, PHD

The United States is not a constitutional republic. It is an oligarchy controlled by wealthy financiers who hire politicians to pass legislation beneficial to them and employ journalists to keep the citizens ignorant and compliant.

Neither the Democrats nor the Republicans believe in democracy. It is simply an ideological contest between two different forms of totalitarianism based on big government, where they represent only themselves in their pursuit of personal power and profit.

Over the last hundred years, the Democrat Party has moved farther and farther to the left, evolving from populism to Marxism and developing an operational model resembling that of the mafia. Its leaders are a gaggle of coffeehouse communists and unindicted felons, who seek the lifestyles of the rich and famous while practicing the politics of Joseph Stalin.

The Republicans are democratic only in the sense that they are willing to sell their votes to the highest bidder, where their political power and, ultimately, compensation from their rich donors increase proportionally with the expansion of government.

The federal government is now an industry competing with the private sector for revenues and resources, but, unlike the private sector, government is unconstrained by regulation and the rule of law.

The cost of public-sector pay and benefits, for example, which in many cases far exceed what comparable workers earn in the private sector, combined with hundreds of billions of dollars in unfunded pension liabilities for retired government workers, are weighing down the economy.

The fundamental problem is public-sector collective bargaining. It is appropriate in the private sector, where workers bargain with private, profit-making corporations and where market forces provide an independent check on both sides’ demands.

Yet there is an unholy alliance and a mutually beneficial relationship for money and votes between Democrats and public sector unions, which, in terms of government services, translate into higher costs, lower efficiency and, worst of all, less democracy.

Why are such illogical and dishonest policies allowed to continue? Because it is profitable.

To foster big government from which they personally benefit, the Democrats nurture a Marxist-type victim class, while the Republicans serve the affluent, both at the expense of the Middle Class, whose propensities toward liberty and accountability represent a threat to the hopelessly corrupt status quo that the two major parties and the media endeavor so vigorously to protect.

Ergo, the War on the Middle Class, now pursued by both Democrats and Republicans, albeit for different reasons.

As a consequence and, not surprisingly, today the main the activity of the federal government is lying. Barack Obama lied to get elected, lied to enact his policies and lied when those policies failed. In response, the Republicans added cowardice to their own set of lies.

As George Orwell noted: “In a time of universal deceit – telling the truth is a revolutionary act.”

That is why the political establishment and the media find Donald Trump so frightening; the danger that the truth might be spoken.

There is, however, a greater peril – when blatant and outrageous lies are no longer sufficient to soothe the electorate into complacency, such a government must begin to curtail liberty and oppress the people in order to sustain itself, an approach with which both Democrats and Republicans find agreement.

The United States is on the cusp of a second civil war, one to determine who should control the federal government. It is not a contest between the Democrats and Republicans or liberals and conservatives, but a battle between the entrenched power and tyranny of the bipartisan political-media establishment versus the rights and liberties of the American people.

Only the truth will set us free.

Lawrence Sellin, Ph.D. is a retired colonel with 29 years of service in the US Army Reserve and a veteran of Afghanistan and Iraq. Colonel Sellin is the author of “Restoring the Republic: Arguments for a Second American Revolution “. He receives email at lawrence.sellin@gmail.com.

OLDDOGS COMMENTS!

7-14-2015 6-52-12 AM

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THIS IS A NO BRAINER FOLKS

PICK UP THE PHONE AND DO YOUR DUTY

7-13-2015 7-22-56 AM

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Seattle Councilman Proposes Ridiculous Firearm and Ammo Tax

July 11th, 2015 by

http://www.activistpost.com/2015/07/seattle-councilman-proposes-ridiculous.html

By Joshua Krause

Seattle sure is turning into a real progressive utopia isn’t it? Between enacting a $15 minimum wage and letting little girls receive birth control without their parent’s consent, they seem to be selling themselves to the progressive agenda, lock, stock and barrel. Of course, it won’t end with those measures. It never does. Recently, Seattle City Council President Tim Burgess proposed a piece of legislation that would tax gun and ammunition sales, and force gun owners to report any firearm that is lost or stolen.

As egregious as this measure sounds, ordinarily it wouldn’t be out of place. After all, governments routinely tax all manner of products and services, and force their onerous regulations on just about everyone. What sets this measure apart from most bills though, is the reason why they’re doing it. “Gun violence is very expensive,” Burgess said, noting that the direct medical costs of treating 253 gunshot victims at Seattle’s Harborview Medical Center last year surpassed $17 million, with taxpayers covering more than $12 million of that. “It’s time for the gun industry to help defray those costs and this is a very reasonable way to do it.” The tax, imposed on gun sellers, would be $25 on each firearm sold in the city and five cents on each round of ammunition. Sales of antique firearms and some other sales could see relief from the tax while individuals selling no more than one gun per quarter would be exempted.

Not reporting a lost or stolen gun to police would be enforced as a civil infraction carrying a fine of up to $500. Zach Silk, campaign manager with the Washington Alliance for Gun Safety, hailed the proposals. “We often attach taxes to things that cause harm to our communities and we know that guns are causing harm,” he said. So let me get this straight. Burgess wants to tax violence, am I right? Does that make any sense? Even it weren’t an utterly nonsensical thing to do, does it make sense to tax honest gun owners for the activities of criminals? (I know he says that this is a tax on gun dealers, but obviously the costs will be passed on to their customers). Think about it. There were over 16 million gun applications in 2012. That means at least several million Americans buy a firearm every year. However, there were only 16,121 homicide deaths in 2013, of which 11,208 involved a firearm. Seattle is apparently responsible for a couple hundred of those, but its safe to say that just like everywhere else in this country, the vast majority of firearms that are bought and sold are never used to inflict any kind of physical harm.

So, basically, they’re forcing honest, law-abiding gun owners to pay the damages inflicted by criminals, and they’re going to fine people who’ve had their property stolen. Typical progressives. Make everyone collectively pay for the mistakes and malice of the few. Whatever happened to just punishing criminals? Joshua Krause is a reporter, writer and researcher at The Daily Sheeple, where this article first appeared. He was born and raised in the Bay Area and is a freelance writer and author. You can follow Joshua’s reports at Facebook or on his personal Twitter. Joshua’s website is Strange Danger.

This article may be re-posted in full with attribution.

OLDDOGS COMMENTS!

It is, and always has been the policy of governments, to charge the people for everything they want and need to do. So why be surprised at this idiotic law? Our real problem in America is the lack of backbone in the people who consistently bend over and take it up the ole wazoo, and smile in the process, thinking this is going to make it unaffordable to have and use a gun. Along with the whackos who want other things up their wazoo, and a marriage license to support it, I don’t believe America has a snowballs chance in hell of ever enjoying the freedom we were promised a little over two hundred years ago. All it takes for governments to become tyrannical is for the people to bend over and take it, instead of standing up and demanding their GOD GIVEN rights. In short, Seattle should refuse to pay the tax. When the bones heads in the tax department see the drop in sales tax revenue, they just might understand the loss of income is not worth the trouble. Remember this always! They can’t do squat without money to waste. Think of ways to get what you need or want without making a recorded sale!

7-10-2015 8-58-19 AM

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Gold And Silver Are Paper Slammed: Is The System Collapsing? ++

July 9th, 2015 by

http://www.activistpost.com/2015/07/gold-and-silver-are-paper-slammed-is.html

7-9-2015 8-16-08 AM

By Dave Kranzler

When a thoroughly corrupt government wants to try and hide something from the public, they exert an all-out effort to misdirect and cover-up. The financial markets are no different.  It’s been obvious to anyone with one good eye and one brain cell that the puppet-masters behind the Wall Street/DC “curtain” have been propping up the Dow/S&P 500 and exerting forceful downward pressure on the price of gold and silver. Why gold and silver? Because gold and silver, for 5,000 years, have been the world’s “alarm system” alerting everyone when something is terribly wrong.

I remember vividly 2008.  Many of you were not involved in the precious metals markets. Inexplicably, the manipulators smashed gold and silver down from their bull market highs in March 2008 very quickly.  Silver was smashed down to $8 after hitting $21 in March.  I remember staring at the futures screen wondering what would stop JPM from taking silver down to zero?

Shortly thereafter AIG and Goldman de facto collapsed and the rest is history, including the fact that former Goldman CEO, Hank Paulson, was “coincidentally” sitting in as Secretary of the Treasury and “coincidentally” came up with a plan for the taxpayers to bail out Goldman Sachs.  Paulson, after all, was still sitting on about a quarter of a billion dollars worth of warrants on Goldman stock.  This, after he was allowed to sell his GS stock worth $100s of millions on a tax-free basis.  Just a little “benefit” the elitists bestow upon themselves when their brethren appoint them to a Government post.

Here’s a graph that shows the similarities between what happened to gold in a short period of time in 2008 and what has happened since peaking at $1900 in 2011:

7-9-2015 9-33-33 AM

It’s pretty easy to see the similar trading pattern with gold in 2008 compared to the period the summer of 2011 through the fall of 2012.  The only difference is that there was a massive rise in the use of OTC precious metals derivatives that began a couple years ago which has enabled the Fed/Treasury/banks to keep a tight lid on the price of gold and silver and has enabled the criminals running this country to promote a “narrative” of economic recovery.  It’s been nothing but one big lie.

Here’s what happened today with gold and silver:

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How is it that day after day gold and silver get smashed when the NY Comex floor trading opens?   Does it seem odd that, nearly everyday for the last 4+ years, that at 8:20 a.m. EST all of a sudden the world decides to unload paper gold and silver positions?

How is it at all possible that the price of gold and silver are collapsing like this when China has imported a record amount of gold in the first half of 2015?  China and India combined are importing more gold than is being produced on a daily basis.  India is importing by far a record amount of physical silver.  These countries require the physical delivery of the metal they buy.  It’s not good enough for the bullion banks to offer free vault storage in London or NYC.  The misrepresentation of the true, intrinsic price of gold and silver by the NY and London paper markets is perhaps the greatest fraud in history.

The criminality operating in the U.S. financial markets has become all-pervasive. The markets just ooze with unfettered theft and wealth confiscation.  The Government doesn’t just “look the other way.”  The Government is the criminal cartel.  Just look at where all the key appointees in a position to enforce the Rule of Law come from.  The Treasury, Justice Department, the SEC – they all come from Wall Street firms or the law firms that make $100’s of millions defending Wall Street firms.   It’s the American version of the Sicilian Mafia running our system!

It’s obvious what is happening to anyone who cares to look at the truth. This is the end of the end-game. Perhaps Greece has triggered it but it’s irrelevant.  The entire world is over-bloated with catastrophically unpayable amounts of debt.  The IMF has told us that Greece can’t possibly repay its debts.  Huh?   Does the IMF really think the United States can repay its debt load?   Greece has $350 billion of sovereign-issued debt.  The United States has over $18 trillion in “on-balance-sheet” sovereign-issued debt.  It has at least $200 trillion of contingent sovereign-issued liabilities.

The only difference between Greece and the United States is that the United States can unilaterally print its own money.  Literally in unlimited amounts.  Ben Bernanke stated that fact in 2002:  “But the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost.”  LINK

The system is collapsing.  It has been collapsing.  I believe it’s quite possible that we are seeing the final stages of the end game.  China’s stock market is down 30% since early June.  The prices of oil and copper are crashing.  As I wrote yesterday, oil and copper are the quintessential beacons of relative economic activity.  If their prices are crashing, so is economic activity.

After trading in positive territory overnight, the S&P 500 suddenly plunged shortly before the NYSE opened:

7-9-2015 9-37-39 AM

China suspended trading in its stock market last night. But how is this any different from key HFT ECN’s “breaking” when the market is about to go off a cliff? As Zerohedge always tauntingly reports, the market “breaks:

” Broken Market Ignites Momentum

Coincidentally, the market never seems to “break” when its spiking inexorably higher on some fictitiously prepared “good” economic report. Let’s  see if the market “breaks” today in order to stop that waterfall plunge at the open.

Of course, if it doesn’t, are you prepared for the devastating consequences of a collapse?

You can read more from Dave Kranzler at his site

 InvestmentResearchDynamics.com,

where this articlefirst appeared. 

This article may be re-posted in full with attribution.


Are Big Banks Using Derivatives To Suppress Bullion Prices?

 

http://www.paulcraigroberts.org/2015/07/08/big-banks-using-derivatives

-suppress-bullion-prices-paul-craig-roberts-dave-kranzler/

Paul Craig Roberts and Dave Kranzler

We have explained on a number of occasions how the Federal Reserves’ agents, the bullion banks (principally JPMorganChase, HSBC, and Scotia) sell uncovered shorts (“naked shorts”) on the Comex (gold futures market) in order to drive down an otherwise rising price of gold. By dumping so many uncovered short contracts into the futures market, an artificial increase in “paper gold” is created, and this increase in supply drives down the price.

This manipulation works because the hedge funds, the main purchasers of the short contracts, do not intend to take delivery of the gold represented by the contracts, settling instead in cash. This means that the banks who sold the uncovered contracts are never at risk from their inability to cover contracts in gold. At any given time, the amount of gold represented by the paper gold contracts (“open interest’) can exceed the actual amount of physical gold available for delivery, a situation that does not occur in other futures markets.

In other words, the gold and silver futures markets are not a place where people buy and sell gold and silver. These markets are places where people speculate on price direction and where hedge funds use gold futures to hedge other bets according to the various mathematical formulas that they use. The fact that bullion prices are determined in this paper, speculative market, and not in real physical markets where people sell and acquire physical bullion, is the reason the bullion banks can drive down the price of gold and silver even though the demand for the physical metal is rising.

For example last Tuesday the US Mint announced that it was sold out of the American Eagle one ounce silver coin. It is a contradiction of the law of supply and demand that demand is high, supply is low, and the price is falling. Such an economic anomaly can only be explained by manipulation of prices in a market where supply can be created by printing paper contracts.

Obviously fraud and price manipulation is at work, but no heads roll. The Federal Reserve and US Treasury support this fraud and manipulation, because the suppression of precious metal prices protects the value and status of the US dollar as the world’s reserve currency and prevents gold and silver from fulfilling their role as the transmission mechanism that warns of developing financial and economic troubles. The suppression of the rising gold price suppresses the warning signal and permits the continuation of financial market bubbles and Washington’s ability to impose sanctions on other world powers that are disadvantaged by not being a reserve currency.

It has come to our attention that over-the-counter (OTC) derivatives also play a role in price suppression and simultaneously serve to provide long positions for the bullion banks that disguise their manipulation of prices in the futures market.

OTC derivatives are privately structured contracts created by the secretive large banks. They are a paper, or derivative, form of an underlying financial instrument or commodity. Little is known about them. Brooksley Born, the head of the Commodity Futures Trading Corporation (CFTC) during the Clinton regime said, correctly, that the derivatives needed to be regulated. However, Federal Reserve Chairman Alan Greenspan, Treasury Secretary and Deputy Secretary Robert Rubin and Lawrence Summers, and Securities and Exchange Commission (SEC) chairman Arthur Levitt, all de facto agents of the big banks, convinced Congress to prevent the CFTC from regulating OTC derivatives.

The absence of regulation means that information is not available that would indicate the purposes for which the banks use these derivatives. When JPMorgan was investigated for its short silver position on Comex, the bank convinced the CFTC that its short position on Comex was a hedge against a long position via OTC derivatives. In other words, JPMorgan used its OTC derivatives to shield its attack on the silver price in the futures market.

During 2015 the attack on bullion prices has intensified, driving the prices lower than they have been for years. During the first quarter of this year there was a huge upward spike in the quantity of precious metal derivatives.

If these were long positions hedging the banks’ Comex shorts, why did the price of gold and silver decline?

More evidence of manipulation comes from the continuing fall in the prices of gold and silver as set in paper future markets, although demand for the physical metals continues to rise even to the point that the US Mint has run out of silver coins to sell. Uncertainties arising from the Greek No vote increase systemic uncertainty. The normal response would be rising, not falling, bullion prices.

The circumstantial evidence is that the unregulated OTC derivatives in gold and silver are not really hedges to short positions in Comex but are themselves structured as an additional attack on precious metal prices.

If this supposition is correct, it indicates that seven years of bailing out the big banks that control the Federal Reserve and US Treasury at the expense of the US economy has threatened the US dollar to the extent that the dollar must be protected at all cost, including US regulatory tolerance of illegal activity to suppress gold and silver prices.


Financial Intelligence Report: No Way!

http://www.investyourself.com/

7-9-2015 9-41-16 AM

Contributing Editor: Bob RinearI

I know it is “All Greece, all the time” but I need to go off on something else right now, because along with all the other things that bothers me, this rates at the top of some of my lists.  I want to present an article by The Intercept that sums up the bulk of the issue.

After failing to criminally prosecute any of the financial firms responsible for the market collapse in 2008, former Attorney General Eric Holder is returning to Covington & Burling, a corporate law firm known for serving Wall Street clients.

The move completes one of the more troubling trips through the revolving door for a cabinet secretary. Holder worked at Covington from 2001 right up to being sworn in as attorney general in February 2009. And Covington literally kept an office empty for him, awaiting his return.

The Covington & Burling client list has included four of the largest banks, including Bank of America, Citigroup, JPMorgan Chase and Wells Fargo. Lobbying records show that Wells Fargo is still a client of Covington. Covington recently represented Citigroup over a civil lawsuit relating to the bank’s role in Libor manipulation.

Covington was also deeply involved with a company known as MERS, which was later responsible for falsifying mortgage documents on an industrial scale. “Court records show that Covington, in the late 1990s, provided legal opinion letters needed to create MERS on behalf of Fannie Mae, Freddie Mac, Bank of America, JPMorgan Chase and several other large banks,” according to an investigation by Reuters.

The Department of Justice under Holder not only failed to pursue criminal prosecutions of the banks responsible for the mortgage meltdown, but in fact de-prioritized investigations of mortgage fraud, making it the “lowest-ranked criminal threat,” according to an inspector general report.

For insiders, the Holder decision to return to Covington was never a mystery. Timothy Hester, the chairman of Covington, told the National Law Journal that Holder’s return to the firm had been “a project” of his ever since Holder left to the join the administration in 2009. When the firm moved to a new building last year, it kept an 11th-story corner office reserved for Holder.

Holder’s critics charge that he made a career out of institutionalizing “Too Big to Prosecute” rules within the department. In 1999, as a deputy attorney general, Holder authored a memo arguing that officials should consider the “collateral consequences” when prosecuting corporate crimes. In 2012, Holder’s enforcement chief, Lanny Breuer, admitted during a speech to the New York City Bar Association that the department may go easy on certain corporate criminals if they believe prosecutions may disrupt financial markets or cause layoffs. “In some cases, the health of an industry or the markets is a real factor,” Breuer said.

Rather than face accountability for their failures, the incentive structure of modern Washington is designed to reward both men. Breuer left the department in 2013 to rejoin Covington. Holder is set to become among the highest-earning partners at the firm, with compensation in the seven or eight figures.

Okay, now the fact of the matter is that virtually every high ranking official ends up in a plush office job in some big corporation. That’s not news at all. But what truly drives me out of my head is this guy Holder, who didn’t make ONE, not ONE banker walk the plank for blowing up the financial system, heads right back to the Very bankers he protected and what does the Media have to say about it? NOT A WORD.

Now wait, because it gets better. (or worse, depending on your particular mood).  Take a look at this line– The Covington & Burling client list has included four of the largest banks, including Bank of America, Citigroup, JPMorgan Chase and Wells Fargo.  Well, isn’t that interesting?  JP Morgan and Citi have both been blatant manipulators of the precious metals markets; called out about it many times and not a word gets spoken.

Well I’ll “spoke” it.  Holder is a criminal. He aided and abetted criminal activity while in office, and he’s going back to a law firm that has had criminal bankers as clients.  Let’s talk JPM for a minute. Ted Butler has repeatedly sent proof to JPM and regulators about their holding illegal amounts of paper sales of silver. He’s never heard a peep in response. If Ted was wrong, wouldn’t they at least slap a slander suit on him? You bet they would.

Zero-hedge has put out some good work about Citi and JPM recently. In fact, based on the OCC’s derivative update, JPM had literally cornered the commodity derivatives complex, when from “just” $226 billion in total Commodity exposure, JPM’s notional soared by 1,690% in one quarter to $4 trillion, or about 96% of total. How on earth can that be legal?  

But this is even more interesting to me…Citi’s “precious metals” derivative book, saw a  1260% increase in Precious Metals derivative holdings in the past quarter, from just $3.9 billion to $53 billion!

Now add that up, with the savaging that gold and silver have been going through recently and what do you come away with?  It is obvious that these two outfits are responsible for the utter insanity that is indeed the silver market especially. Right now it costs about 21 dollars an ounce to mine and refine silver. Yet on Tuesday morning they beat silver down by over 5% in one session, down to 14 bucks an ounce. In a free market, with no manipulation, could that even be possible??

ABSOLUTELY not.  There is NO doubt what so ever that both of these situations are in direct response to the mess that is indeed Greece and the fears of a contagion spreading through the euro-zone. They simply do NOT want people trading paper dollars for gold and silver, or any true tangible commodity and they took over the market to make sure no one does.

Read that again so you truly understand the scope of the fraud and illegality of what we’re witness to. Citi and JPM together hold 90% of all commodity and precious metals derivatives, in the very quarter that Greece was about to stir up major fears of the Euro-zone imploding.  So to keep anyone from trading out of Euro’s, or doing electronic swaps of Euro’s into gold or silver or copper holdings, they beat the snot out of all of it. You will indeed KEEP your worthless paper money, and they are making sure of it.

And Holder is going right back to the very outfit that worked with these criminals. How utterly fitting! A criminal, going back to serve criminals.  It makes me sick.

Disclaimer!!!!! Must Read!!!

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U.S. Blends Into World Gov’t: Just a Matter of Time

July 8th, 2015 by

http://beforeitsnews.com/new-world-order/2015/07/us-blends-into-

world-govt-just-a-matter-of-time-4684.html

7-8-2015 8-20-10 AM

By Daymond Duck

In Nov. 2010, Pres. Obama travelled to Mumbai, India where he said, “There is going to be a tug-of-war within the U.S. between those who see globalization (world government) as a threat and those who accept that we live in an open integrated (merged) world.” These words indicate that world government is coming to the U.S. and it will cause problems.

On July 22, 2014, at a DNC fund raiser in Seattle, Pres. Obama was talking about the state of the world when he said, “Part of people’s concern is just the sense that around the world the old order isn’t holding and we’re not quite yet to where we need to be in terms of a new order that’s based on a different set of principles, that’s based on a sense of common humanity, that’s based on economies that work for all people.”

Put another way, Pres. Obama was saying he believes our sovereign government is outdated and holding back his agenda, but the world is not quite ready for the new world order (world government) that will be based on a different set of laws (world laws) and the idea that everyone is equal (citizens of the world not citizens of a nation) and a one-world economic system (wealth redistribution).

The Trans Pacific Partnership (TPP) is an eleven-nation secret international document that is being written like a treaty, but it is being called a trade agreement. Leaked reports say the TPP has 29 chapters but only 5 are about trade.

The other 24 chapters are about the environment, global immigration, global wealth redistribution, global education (Common Core), human rights (children’s rights; gay rights, same-sex marriage), gun control, healthcare, women’s reproductive rights (abortion), sustainable development (Agenda 21, the Earth Charter) and other global goals.

Critics say the TPP destroys the U.S. Constitution; the U.S. will never be able to go back to the Constitution again. It speeds up the development of the North American Union providing a framework for world government and speeds that up. It provides a framework for a new world economic system; it establishes laws and courts that will dictate to nations (including the U.S.) the laws that they must pass; it changes immigration laws (erases borders in many nations) and places everyone under the control of a ruling elite that ordinary citizens cannot vote for, remove or replace.

Even worse, the House Ways and Means Committee called it a “Living Agreement.” This means in the future the ruling elite can change anything they want to change and all of the agreeing nations will be bound by those changes.

That is like giving someone an unending supply of signed blank checks that they can fill in for any amount they want at anytime they want and the one who signed them has to make them good. Suppose the ruling elite pass a law that everyone has to take a “mark” to buy and sell. Every country will have to change their laws to force people to comply.

The TPA is a second bill that gives the Pres. fast-track authority to negotiate and sign the TPP and at least two other trade agreements (the Trade in Services Agreement or TiSA and the Transatlantic Trade and Investment Partnership or TTIP). U.S. Sen. Jeff Sessions said these agreements encompass “three-fourths of the world economy and up to ninety percent of the world economy when including countries whose membership is being courted.”

These agreements require every nation that signs them to have the same laws. Up to ninety percent of the world’s economy will be required to have the same laws. They also allow a controlling economic council to write and impose new binding laws on every nation covered by the agreements. (Could this be the 10 kings?)

Let’s consider some of these things. There is a reason why Pres. Obama wanted to keep them secret and the Republican leadership helped him do it.

Pres. Obama is a committed globalist who has insisted that aspects of the globalist agenda be included in the TPP. The globalist agenda includes deciding who writes the laws and what laws are passed; control over all private property; authority over how all land and resources can be used; the right to decide where all buildings can and cannot be built, and where all roads and utilities can and cannot be built.

The TPP includes the right to tell people where they can and cannot live and work; the authority to protect fish, seals, trees, wetlands; and the authority to stop all kinds of land and water pollution, etc. Globalists want to reduce the world’s population; redefine marriage; tell parents how many children they can have; tell couples how they can and cannot discipline their children, keep abortion legal and legalize euthanasia.

Globalists want to establish a government-approved religion, determine which religious beliefs are acceptable, replace the Ten Commandments with the Earth Charter and remove every mention of God from society. Globalists want militaries to deliver food, clean up after natural disasters and control militant citizens instead of fighting wars. They also want to erase all borders and do away with all national flags and monuments.

These Globalist desires are the kinds of things that people can expect to find in the 24 non-trade chapters of the TPA and in the already-planned other three agreements. Control is being given to globalists to write anything they want. The laws they write will be binding on every nation and nothing can be done to stop them. People wish that Obamacare had never been written and it is almost certain that they are going to wish that the TPA had never been written.

The TPP can only be stopped by a two-thirds vote in the Senate before Pres. Obama signs it in late summer or early fall, but many say there is no chance that the Senate will vote it down. In that case, it is just a matter of time until the ten regions of the prophesied one-world government and one-world religion are established.

One final thing: U.S. citizens can go to www.govtrack.us and click on “voting records” to see how their senators and representatives have voted so far. Many have betrayed their constituents for campaign contributions and back-room deals.

Prophecy Plus Ministries
Daymond & Rachel Duck
daymond.duck@yahoo.com

OLDDOGS COMMENTS

If you continue to believe our leaders will turn things around and we will all live long and happy lives, it’s very likely you would also buy a bag of turds with your last dollar instead of a hot-dog.

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What if Jefferson were to revisit America today?

July 7th, 2015 by

https://fairtax.org/articles/would-thomas-jefferson-think-we-are-free-2

by Steven L. Hayes and Charles Adams
Thomas Jefferson was born on April 13, 1743.  In his lifetime he saw his country transformed from an English colony to a country ruled by its own citizens. Remembered by many as the author of the Declaration of Independence, Jefferson also served as President and guided the young nation through eight turbulent years.  When Jefferson died on July 4, 1826 at the age of 83, he left a country and a people whose commitment to the ideas of the Declaration of Independence seemed firmly in place.

On April 13, just after dinner, there is a knock on your door.  When you open the door, you see a tall slender man with red hair.  He introduces himself as Thomas Jefferson. You don’t automatically slam the door and call the police but, almost against your will, you invite him in your home.  Somehow you accept that this man is not an escapee from an asylum but that he really is Thomas Jefferson.

Jefferson is curious about everything and has a number of questions for you.  He marvels at all the new technology in your home. He insists on a lengthy explanation and demonstration of all the appliances and machines in your home.   Amazed at how quickly he understands the new technologies, you suddenly remember the statement made by President John Kennedy when he hosted a gathering of Nobel Prize winners at the White House.  President Kennedy said, “This is the most extraordinary collection of talent, of human knowledge, that has ever been gathered together at the White House with the possible exception of when Thomas Jefferson dined alone.” 

His attention is drawn to the dining room table and the numerous complicated-looking forms with numbers like “1040” or “W2″ or “1099” on them.  He  politely asks, “What are you doing?”

You feel uncomfortable, almost as if you have a guilty conscience, but you aren’t sure why.  You answer, “Each year on April 15,  Americans are required to file an income tax return with the Internal Revenue Service, a branch of the Treasury Department.  On this return, we are required to list the source and amount of all our income. The amount of income determines the percent of tax that we pay.  The higher the income, the higher the rate of tax.”

Then you continue,  “However, the government has tried to make it simple.  All Americans who work for others are required to have an estimate of their tax deducted from their earnings before they receive their pay. We call this withholding.  Also, the law requires us  to place our social security number on all our bank accounts. All banks where we deposit our money and people who sell stocks for us report the amount of money we earned in each account and on each transaction to the Internal Revenue Service. These actions are necessary because the government wants to ensure that all of the income taxes are collected.  You see, they really don’t trust the people to pay.”

Jefferson is visibly stunned.  “You mean Americans are required to tell an agency of the government how much money they made and where they earned it?”

“Yes,” you answer. Puzzled, Jefferson says to you, “The government must have had a great financial emergency which made such a despotic tax system necessary to pay off a great deficit.” 

You sadly explain that there really was no emergency. You explain how the admitted national debt is in excess of $16 trillion and increasing by $1 billion each year.

Jefferson, mostly to himself, says, “In my Second Inaugural Address I warned that we must meet all of the expenses of each year without encroaching on the rights of future generations by burdening them with the debts of the past.  All of us had seen the devastating effects of a national debt.”

Then Jefferson asks you if you really said that the more money you earned, the higher the rate of  tax you had to pay.  You slowly confirm this simple fact.  Strangely,  it no longer seems harmless.

In a sad voice, Jefferson  says, “When we  wrote the Constitution, all of us knew history.  We knew that great civilizations began to decline when they introduced direct taxation. In the Constitution, we restricted direct taxation because we knew it would yield the same result  experienced by other nations using direct taxation-erosion of individual rights and the oppression of the minority by the majority because it could use its political power to use the government to steal from the minority.”

Then Jefferson says to himself, “How can this be?  Have Americans forgotten history?”  You look at this man who, together with a few others, so eloquently gave birth to the idea of freedom that has pervaded the United States for most of its existence and is being echoed around the world today by countries throwing off despotism.  Now embarrassed and truly ashamed, you explain  that Americans, like sheep to the slaughter, meekly went along with each new law that stripped away more of their freedom.

In World War II, Americans agreed to income tax withholding as a “temporary measure” to help win the war.  Of course, withholding  was never ended and has become a permanent fixture.  Then came the plausible rule that our social security number should be on all our accounts.  In this way, the government ensures that no one evades reporting the income earned in their accounts.  Of course, then came the rule that all bank accounts should file information returns and that most transactions should be reported to the government. 

You state that the income tax rules are incomprehensible, that no one understands them but that the taxpayer is still responsible for compliance.  You tell him that in tax matters, Americans are guilty until proven innocent.   You explain how an agent of the government can come into your home and inspect all of your checks and papers and ask you to explain the purpose of each check. If the agent decides that you have not fully complied with the incomprehensible income tax code, he can arbitrarily decide that you owe more tax.  If your taxes are not paid, your bank accounts can be seized and your home and other properties auctioned.

“Our people fought a revolution because of government intrusion far less than this,” Jefferson says.  “It is inconceivable that any of us would have tolerated this type of government tyranny.  A government that has to enforce a tax its people will not willingly pay is a government that should be immediately overthrown.  In a letter to James Madison in 1787 I said, ‘I hold it that a little rebellion, now and then, is a good thing, and as necessary in the political world as storms in the physical. It is a medicine necessary for the sound health of government.’ Are you sure that I am in the right country?  There must have been a revolution. Real Americans would never have given up their rights without a fight.”

Seeing your bowed head, he knows the answer.  There was no revolution.  Now deeply ashamed, you try to excuse yourself by explaining to him that people who refuse to obey the tax laws are often sent to prison, sometimes for 25 to 30 years.

Jefferson just stares at you.  In a low, anguished voice he says, “Is this what we risked our lives for?  We thought we were giving future generations a free country ruled by the people for the people.  What you have done is taken our idea and twisted it.  You have  freely submitted to despotism much worse than we faced.  You may think that you are free, but that is because you choose not to see your chains or the walls that imprison you.  No, my friend, you live in a prison. You work for the government, not for yourselves.  Your ancestors  would not know you.  I am sorry for my country and I am sorry for you.”

Without another word, Jefferson walks out the door.  As you see his tall figure disappear into the mist, you are sadder than you can remember ever being.  You now must admit to yourself what you have been trying to explain away.  What Jefferson said is true.  What has happened to us is what Thomas Paine predicted would happen if Americans lost their freedom.  Our freedoms have not been taken away all at once but a little at a time. 

Jefferson could see it.  If you really look, you can see it too.

Steven L. Hayes is the Chairman and President of  Americans For Fair Tax. Charles Adams is the author of FOR GOOD  AND  EVIL, THE IMPACT OF TAXES ON THE COURSE OF CIVILIZATION,  Madison Books.

© 2013 by Steven L. Hayes and Charles Adams
All rights reserved.

OLDDOGS COMMENTS

I am not running these intelligent men down, but they remain just as ignorant as I was for most of my life. Yes, I still have a very high respect for Jefferson but he could not possibly be the saintly patriot we all praise him for. Does the Louisiana Purchase ring a bell? That aside, may I direct your attention to a past published article titled Before Things Get Out of Hand Judge Anna von Reitz

So you will finally understand where we stand today. Read it and weep!

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“Take this Supreme Court decision and shove it.”

July 6th, 2015 by

http://www.breitbart.com/big-government/2015/07/04/time-for-the

-states-to-declare-independence-from-the-federal-government/

7-5-2015 1-52-57 PM

By Michael Patrick Leahy

new Rasmussen Poll indicates that a growing number of Americans want state governments to tell the Supreme Court to get out of the business of rewriting laws and telling American citizens how to live their lives.

In a new poll, Rasmussen reported the percentage of Americans who want states to tell the Supreme Court it does not have the power to rewrite the Affordable Care Act or force sovereign states to authorize gay marriages has increased from 24 percent to 33 percent after last week’s Constitution-defying decisions by the court.

A closer look at the poll results indicates that popular sentiment for state defiance of the federal government extends beyond just the Supreme Court’s latest decisions.

“Only 20% [of likely voters] now consider the federal government a protector of individual liberty,” the Rasmussen Poll finds. “Sixty percent (60 %) see the government as a threat to individual liberty instead,” it adds.

“Take this regulation and shove it,” and “take this grant and shove it,” are two additional battle cries which appear to resonate with a growing popular sentiment, especially in “flyover country,” those 38 states outside the dozen in which President Obama won more than 56.2 percent of the vote in 2012.

(In descending order of support for Obama, those twelve states are: Hawaii, Vermont, New York, Rhode Island, Maryland, Massachusetts, California, Delaware, New Jersey, Connecticut, Illinois, and Maine. Arguably, three additional states where President Obama won between 54 percent and 56.2 percent of the vote in 2012 could be added to this list: Washington, Oregon, and Michigan.)

One hundred and fifty years after the end of the Civil War, it is becoming increasingly clear that there are two Americas—one where the principles of constitutionally limited government and individual liberty are still revered, the other where STATISM and the trampling of individual rights are on the rise.

The Tea Party movement arose in 2009 to restore those principles of constitutionally-limited government. But despite electoral victories that placed Republicans in control of the House of Representatives in 2010, and the Senate in 2014, it is undeniable that the Republican establishment those elections empowered is instead aligned with the forces of statism.

The majority of the members of the Supreme Court itself are also clearly part of the “elitist” camp of anti-constitutionalists. As Breitbart’s Thomas Williams noted, and Justice Scalia himself pointed out in his scathing dissent in the gay marriage decision, not a single member of the nine member court is of the Protestant faith. Not a single member has graduated from a law school other than Harvard, Yale, or Columbia. Nor has a single member done anything other than practice some version of corporate law with “big law” firms, sit on a federal court, work for the federal government, or work in left-wing academia.

With the entire apparatus of the federal government now aligned against constitutionally limited government, some traditionalists have given themselves over to despair and defeatism. That negative view, however, fails to understand the solution provided to usurpations of power by the central government found within the Constitution itself, with origins in the Declaration of Independence, whose signing on July 4, 1776 we celebrate today.

As Rasmussen Reports noted, “The Declaration of Independence, the foundational document that Americans honor on the Fourth of July, says that governments derive their authority from the consent of the governed, but just 25% believe that to be true of the federal government today.”

Even more significantly, however, the recent Supreme Court decisions are a complete rejection of the concepts of state sovereignty articulated in the 10th amendment, the last element of the Bill of Rights, the promise of whose passage by the First Congress was key to the ratification of the Constitution.

The 10th amendment, ratified along with the other nine amendments of the Bill of Rights on December 15, 1791, reads as follows:

“The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.”

The concept of popular resistance to the unconstitutional encroachment of the federal government on the rights of individuals and states has been gaining momentum over the past several years.

Conservative radio host Mark Levin, for instance, has advocated on behalf of an Article V Convention of the States to propose new amendments to the Constitution for ratification by the states that would limit federal powers.

Conservative author and intellectual leader Charles Murray has also advocated for a type of civil disobedience to resist unlawful federal regulations through the use of well funded legal challenges to the most egregious of those regulations.

Both concepts have merit, but ultimately lack the power and effective counter-attack available through the simple mechanism offered by the 10th amendment—widespread resistance to federal overreaches by the state governments themselves.

Bolder, constitutionally based resistance at the state level, is a practical and viable remedy, one that already has broad popular support among conservatives.

As Rasmussen Reports noted:

[T]he voters who feel strongest about overriding the federal courts – Republicans and conservatives – are those who traditionally have been the most supportive of the Constitution and separation of powers. During the Obama years, however, these voters have become increasingly suspicious and even hostile toward the federal government.

Fifty percent (50%) of GOP voters now believe states should have the right to ignore federal court rulings, compared to just 22% of Democrats and 30% of voters not affiliated with either major party. Interestingly, this represents a noticeable rise in support among all three groups.

Fifty percent (50%) of conservative voters share this view, but just 27% of moderates and 15% of liberals agree.

Widespread resistance at the state level, however, will require two elements: strong governors and strong state legislatures willing to vigorously assert their 10th amendment rights.

At the local level, we’ve already seen the first indications that a movement may be afoot. In Tennessee, for example, the entire Decatur County Clerk’s Office resigned rather than enforce the recent gay marriage decision announced by the Supreme Court.

Isolated pockets of resistance are springing up around the country.

And yet, even among “The Great 38 States”—flyover country where President Obama either lost or won less than 56.2 percent of the vote in the 2012 election—leadership at the executive level is lacking.

The next electoral battle for the preservation of the constitutional republic will be fought not only for the highest office of the executive branch in 2016—it will also be fought in the gubernatorial races of those “Great 38 States” where the vast majority of voters still believe in America, and still believe in constitutionally limited government.

Freedom of the individual states from the usurpations of the federal government does not mean secession from the constitutional republic. It is, instead, the surest realistic mechanism that remains to preserve the constitutional republic.

By limiting the role of the federal government to the exercise of that very narrow set of specifically “enumerated powers” ascribed to it in the Constitution, state governments can guarantee that our constitutional republic will continue to flourish for generations to come.

The alternative is a constitutional republic in name only, a dystopian oligarchy where words have no meaning, right is wrong, good is bad, truth is deception, and the rule of law is invented anew each day by the ruling class of federal royalty.

As for that dirty dozen of liberal blue states, like California, New York, and Massachusetts? Let them continue on their path of reckless spending and experience the fate of modern Greece.

Meanwhile, the rest of us can continue to choose liberty.

Read More Stories About:

Big GovernmentSupreme CourtConstitutionaffordable care act

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“Take this Supreme Court decision and shove it.”

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Our Naked President

July 4th, 2015 by

http://www.familysecuritymatters.org/publications/detail/

our-naked-president?f=must_reads#ixzz3epiCm3V0

5-12-2015 10-06-26 AM

By BILL SIEGEL 

In 1958, former FBI Special Agent  W Cleon Skousen published The Naked Communist in which he listed the then current communist goals for infiltrating, transforming, and ultimately taking over America. A hero to some, fringe writer to others, Skousen had a perspective both fascinating and shocking to reexamine today in light of recent events including those concerning the Iranian nuclear “negotiation,” gay marriage, Obamacare, power grabs of both Presidents Barack Obama and Vladimir Putin, the advance of Islam, the support for illegal immigration, the ubiquitous charge of “racism,” the endless expansion of “civil rights,” and the dismantling of our Constitution.

Given Barack Obama’s success in executing the “fundamental transformation” of America, Skousen’s list gives profound insight into what might truly motivate the nation’s “smartest president ever.”  While Obama cleverly attempts to sell his many efforts as just small steps here or there in simply “deliverin’ to the folks a little something extra” as we slowly progress toward “a more perfect union,” his whack-a-mole shotgun assault upon all aspects of American life more perfectly models a systematic and well-orchestrated march toward many of these very goals.

 Meanwhile, most members of our mainstream media – executives, on air personalities, writers, editors, and producers alike along with an advertiser base that supports much of the enterprise – are, at best, merely able to express exasperation and confusion as to why Obama does as he does. Pretending to hold meaningful “conversations” about the President and his key associates, our mainstream media collusively avoids any genuinely honest effort to explore Obama’s true motivations in seeking the destruction of our nation as it was formed and intended to develop and thrive.

It is important to avoid focusing on charged words such as “communism,” “socialism,” or “fascism” as they often carry associations and meanings specific to the user or listener. As with Islam and other such systems, modernity pressures changes in appearances if not formulations such that the “communist” of the 50’s would not appear in similar manner today. What is significant about Skousen’s list of goals are the constructs, tactics and outcomes to which they attach, not the categorical headings under which they might fit.

Of the 45 goals in Skousen’s list, some obviously do not fit today’s changed circumstances while others are far more devastating than originally fathomed. Still, the entire list is provided to furnish proper context. Repeated as read into the Congressional record in 1963, the goals below speak for themselves and show just how far Obama, top aide Valerie Jarrett (herself from a family with various communist associations) and fellow comrades have advanced a great deal of this decades-old vision.

(In 1958)-CURRENT COMMUNIST GOALS:

  1. U.S. acceptance of coexistence as the only alternative to atomic war.
  2. U.S. willingness to capitulate in preference to engaging in atomic war.
  3. Develop the illusion that total disarmament [by] the United States would be a demonstration of moral strength.
  4. Permit free trade between all nations regardless of Communist affiliation and regardless of whether or not items could be used for war.
  5. Extension of long-term loans to Russia and Soviet satellites.
  6. Provide American aid to all nations regardless of Communist domination.
  7. Grant recognition of Red China. Admission of Red China to the U.N.
  8. Set up East and West Germany as separate states in spite of Khrushchev’s promise in 1955 to settle the German question by free elections under supervision of the U.N.
  9. Prolong the conferences to ban atomic tests because the United States has agreed to suspend tests as long as negotiations are in progress.
  10. Allow all Soviet satellites individual representation in the U.N.
  11. Promote the U.N. as the only hope for mankind. If its charter is rewritten, demand that it be set up as a one-world government with its own independent armed forces. (Some Communist leaders believe the world can be taken over as easily by the U.N. as by Moscow. Sometimes these two centers compete with each other as they are now doing in the Congo.)
  12. Resist any attempt to outlaw the Communist Party.
  13. Do away with all loyalty oaths.
  14. Continue giving Russia access to the U.S. Patent Office.
  15. Capture one or both of the political parties in the United States.
  16. Use technical decisions of the courts to weaken basic American institutions by claiming their activities violate civil rights.
  17. Get control of the schools. Use them as transmission belts for socialism and current Communist propaganda. Soften the curriculum. Get control of teachers’ associations. Put the party line in textbooks.
  18. Gain control of all student newspapers.
  19. Use student riots to foment public protests against programs or organizations which are under Communist attack.
  20. Infiltrate the press. Get control of book-review assignments, editorial writing, policymaking positions.
  21. Gain control of key positions in radio, TV, and motion pictures.
  22. Continue discrediting American culture by degrading all forms of artistic expression. An American Communist cell was told to “eliminate all good sculpture from parks and buildings, substitute shapeless, awkward and meaningless forms.”
  23. Control art critics and directors of art museums. “Our plan is to promote ugliness, repulsive, meaningless art.”
  24. Eliminate all laws governing obscenity by calling them “censorship” and a violation of free speech and free press.
  25. Break down cultural standards of morality by promoting pornography and obscenity in books, magazines, motion pictures, radio, and TV.
  26. Present homosexuality, degeneracy and promiscuity as “normal, natural, healthy.”
  27. Infiltrate the churches and replace revealed religion with “social” religion. Discredit the Bible and emphasize the need for intellectual maturity which does not need a “religious crutch.”
  28. Eliminate prayer or any phase of religious expression in the schools on the ground that it violates the principle of “separation of church and state.”
  29. Discredit the American Constitution by calling it inadequate, old-fashioned, out of step with modern needs, a hindrance to cooperation between nations on a worldwide basis.
  30. Discredit the American Founding Fathers. Present them as selfish aristocrats who had no concern for the “common man.”
  31. Belittle all forms of American culture and discourage the teaching of American history on the ground that it was only a minor part of the “big picture.” Give more emphasis to Russian history since the Communists took over.
  32. Support any socialist movement to give centralized control over any part of the culture–education, social agencies, welfare programs, mental health clinics, etc.
  33. Eliminate all laws or procedures which interfere with the operation of the Communist apparatus.
  34. Eliminate the House Committee on Un-American Activities.
  35. Discredit and eventually dismantle the FBI.
  36. Infiltrate and gain control of more unions.
  37. Infiltrate and gain control of big business.
  38. Transfer some of the powers of arrest from the police to social agencies. Treat all behavioral problems as psychiatric disorders which no one but psychiatrists can understand or treat.
  39. Dominate the psychiatric profession and use mental health laws as a means of gaining coercive control over those who oppose Communist goals.
  40. Discredit the family as an institution. Encourage promiscuity and easy divorce.
  41. Emphasize the need to raise children away from the negative influence of parents. Attribute prejudices, mental blocks and retarding of children to suppressive influence of parents.
  42. Create the impression that violence and insurrection are legitimate aspects of the American tradition; that students and special-interest groups should rise up and use “united force” to solve economic, political or social problems.
  43. Overthrow all colonial governments before native populations are ready for self-government.
  44. Internationalize the Panama Canal.
  45. Repeal the Connally reservation so the United States cannot prevent the World Court from seizing jurisdiction over domestic problems. Give the World Court jurisdiction over nations and individuals alike.

The Islamic threat was not on Skousen’s radar in the 1950’s and it has severely metastasized since then. Obama’s foreign policy, which has alienated our traditional allies while demonstrating steadfast loyalty to both the Muslim Brotherhood and the regime leading the Islamic Republic of Iran, seems to have “evolved” coherently from Skousen’s goals. Despite a Sunni-Shia difference, these two share much in common – a utopian supremacist collectivist (at least for the masses) vision, modernized organizational skills and reach, a desire to cause relentless chaos in the Middle East to uproot the tyrannical regimes that fail to appropriately adhere to Islam (most notably the Saudi Royal Family), a desire to obtain control of the oil resources to help further expand Islam and Sharia across the globe, and most notably a deep hatred for Jews, Israel, and America.

In recent times, the “Far Left” has found common cause with our Islamic enemies. The Muslim Brotherhood and the Iranian lobby have been able to form agenda alliances with Leftist and anti-Israeli groups including the politically potent Center for American Progress and the ACLU. As with Sunnis and Shiites, there is much they can accomplish together before they need settle up between them.

Is it any wonder then that Obama might orchestrate “negotiations” (some insist they are a simple and seemingly endless giveaway while others even postulate the deal was made long ago between Valerie Jarrett and her long time Iranian family friend and regime loyalist, Ali Velayati; the interim sequence of discussions being simply a manipulation of expectations for show) to empower Iran while overseeing the decimation of our own military and particularly our nuclear assets? Is it any wonder Obama and compatriot Hillary Clinton would facilitate the overthrow of Egypt’s Hosni Mubarak and Libya’s Moammar Khadafy and, despite years to plan otherwise, leave upon our exit from Iraq enough arms for ISIS and others to continue stirring the requisite regional chaos? Consider the infiltration of Muslim Brotherhood associated persons permitted, if not installed, throughout all levels of our government directing, among other things, training related to Islam and terrorism. Is doing the barest minimum while declaring that ISIL will be degraded and ultimately destroyed anything more than keeping up appearances? Would not installing the Brotherhood’s Mohammad Morsi atop Egypt while eliminating sanctions on the Iranian regime provide staggering resources to fund these two best and largest organized instigators of global terrorism and Islamic pressure? Consider the disgraceful abuse of American goodwill in misusing refugee resettlement operations to insure a rapidly rising Muslim settlement, all in accord with the Muslim Brotherhood’s Civilization Jihad plan for America. Is it worth examining if Obama’s outright refusal to protect our borders is in any way tied to the intent to materially change the makeup of our population? And so on…

Skousen’s list provides a broader background against which to more honorably probe our president’s “legacy” as it stands to date; a background to stand up side by side with those who populated Obama’s own – Frank Marshall Davis, Reverend Wright, Bill Ayers, Louis Farrakhan, Edward Said, Rashid Khalidi, and so on.

Days before Obama’s first election, media icons Tom Brokaw and Charlie Rose famously admitted they didn’t “know a lot about Barack Obama and the universe of his thinking about foreign policy” or “what Barack Obama’s worldview is.” Shamefully, the mainstream media has failed to subsequently meaningfully advance the ball, having disingenuously avoided any truly serious probe into how Obama’s real background, associations, and ideological leanings have guided his endeavors. Because our media elites and opinion leaders refuse to open their eyes, they wind up in an endless loop expressing exasperated bewilderment over how Obama could execute his presidency in the manner he does. They prefer to end asking, “Doesn’t Obama understand that…?” or coaching, “Obama needs to do this or that…” rather than ever suggest that our brilliant president knows exactly what he is doing.

They will always choose to impute good intentions to Obama, attributing any negative outcome to what they have now made acceptable for him – lack of experience, naïveté’, poor leadership skills, chasing a legacy at any cost, even a still youthful fancy if not ego, boredom or shyness. They will not charge, much less consider however, any other intent or ideological calling.

While Skousen’s book was entitled The Naked Communist, our mainstream media has resolutely refused to undress our president and reveal his true motivations in similar naked form.  Keeping their eyes covered, they just may have unconsciously sensed something far more obscene than imaginable.

Bill Siegel is the author of The Control Factor- Our Struggle to See the True Threat published by Hamilton Books.
Read more: Family Security Matters http://www.familysecuritymatters.org/publications/detail/our-naked-president?f=must_reads#ixzz3euhCa5oV 
Under Creative Commons License: Attribution

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Dignity and Respect in Blue

July 3rd, 2015 by

http://www.thedailybell.com/news-analysis/36387/Dignity-and-Respect-in-

Blue/?uuid=D61DE0D0-0752-0845-33435892AAF62EB6

 

By Philippe Gastonne

Officers at police academies have always been trained in de-escalation, but there has been less emphasis on such methods over the past 20 years. A recent Police Executive Research Forum survey of 281 police agencies found that the average young officer received 58 hours of firearms training and 49 hours of defensive tactical training, but only eight hours of de-escalation training.

The training regimens at nearly all of the nation’s police academies continue to emphasize military-style exercises, including significant hours spent practicing drill, formation and saluting, said Maria R. Haberfeld, a professor of police science at the John Jay College of Criminal Justice in New York.

Many police officials now say that even while these approaches might have helped reduce crime, they have also impeded officers’ ability to win the public’s cooperation and trust.

“If we ask people instead of telling them, and if we give them a reason for why we’re doing something, we get much less resistance,” said Gary T. Klugiewicz, a retired Milwaukee County Sheriff’s Office captain and former chairman of the now defunct American Society of Law Enforcement Trainers, who trains police in de-escalation techniques. “If we just started to treat people with dignity and respect, things would go much better.” – New York Times, June 27, 2015

The curriculum in most police academies is heavy on firearms and self-defense techniques. This is necessary but not sufficient. Police need public cooperation for one simple reason: They are usually outnumbered. Top marksmanship will not help one officer control a hostile crowd of 10, 50, or 100 people. His best weapon is the ability to get them on his side.

An arms-race mentality is just one sign police in many places have forgotten this principle. Armored vehicles take the place of common courtesy. This strategy may have reached its limit. The new solution is, as the trainer quoted above says, to “treat people with dignity and respect.”

That this idea faces deep resistance from police is a sign of how much needs to change. Fortunately, their resistance is increasingly futile. Elected officials are growing tired of the legal settlements generated by overenthusiastic “broken windows” policing. Moreover, police chiefs are realizing the soft touch is more effective at keeping the peace.

What would help even more, of course, is an end to the unwinnable War on Drugs. Petty drug possession, or the suspicion thereof, is the catalyst for many unpleasant – and too often, deadly – police-citizen encounters. Imprisonment for those offenses simply creates larger numbers of better-trained criminals who then branch out into non-drug offenses.

The trend toward “open carry” gun laws in many states may be the final straw. How do you police an armed society? You start with dignity and respect. Police would do well to start practicing it.

OLDDOGS COMMENTS

About twenty years ago I was going through a period of insomnia and would go to a local restaurant at three in the morning so I would not wake my wife who was still working and arising around 5 am. This was also a coffee stop location for the local and county police and I would try to instigate a conversation with them, but was met with silence or outright hostility time after time until I just gave up. It really was a friendly attempt on my part to socialize with them, but they were obviously trained to refrain from citizen relationships. I considered this an affront to me personally and to the community as a whole. It was many years later before I understood the affects of a change in their training. Now, I would not piss on them because of their hostility, and if they needed help that would be tough shit. I have zero respect for all of them, because it only takes one of them to change this situation by calling out the training program. Why do they think they are going to get respect by being hard asses? An unfriendly cop is a thorn in any society’s backside! If they want respect, they should learn how to give it.

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The 75 Trillion Dollar Shadow Banking System Is In Danger Of Collapsing

July 2nd, 2015 by

http://theeconomiccollapseblog.com/archives/the-75-trillion-

dollar-shadow-banking-system-is-in-danger-of-collapsing

7-2-2015 7-34-31 AM

By Michael Snyder

Keep an eye on the shadow banking system – it is about to be shaken to the core.  According to the Financial Stability Board, the size of the global shadow banking system has reached an astounding 75 trillion dollars.  It has approximately tripled in size since 2002.  In the U.S. alone, the size of the shadow banking system is approximately 24 trillion dollars.  At this point, shadow banking assets in the United States are even greater than those of conventional banks.  These shadow banks are largely unregulated, but governments around the world have been extremely hesitant to crack down on them because these nonbank lenders have helped fuel economic growth.  But in the end, we will all likely pay a very great price for allowing these exceedingly reckless financial institutions to run wild.

If you are not familiar with the “shadow banking system”, the following is a pretty good definition from investing answers.com

The shadow banking system (or shadow financial system) is a network of financial institutions comprised of non-depository banks — e.g., investment banks, structured investment vehicles (SIVs), conduits, hedge funds, non-bank financial institutions and money market funds.

How it works/Example:

Shadow banking institutions generally serve as intermediaries between investors and borrowers, providing credit and capital for investors, institutional investors, and corporations, and profiting from fees and/or from the arbitrage in interest rates.

Because shadow banking institutions don’t receive traditional deposits like a depository bank, they have escaped most regulatory limits and laws imposed on the traditional banking system. Members are able to operate without being subject to regulatory oversight for unregulated activities. An example of an unregulated activity is a credit default swap (CDS).

These institutions are extremely dangerous because they are highly leveraged and they are behaving very recklessly.  They played a major role during the financial crisis of 2008, and even the New York Fed admits that shadow banking has “increased the fragility of the entire financial system”…

The current financial crisis has highlighted the growing importance of the “shadow banking system,” which grew out of the securitization of assets and the integration of banking with capital market developments. This trend has been most pronounced in the United States, but it has had a profound influence on the global financial system. In a market-based financial system, banking and capital market developments are inseparable: Funding conditions are closely tied to fluctuations in the leverage of market-based financial intermediaries. Growth in the balance sheets of these intermediaries provides a sense of the availability of credit, while contractions of their balance sheets have tended to precede the onset of financial crises. Securitization was intended as a way to transfer credit risk to those better able to absorb losses, but instead it increased the fragility of the entire financial system by allowing banks and other intermediaries to “leverage up” by buying one another’s securities.

Over the past decade, shadow banking has become a truly worldwide phenomenon, and thus it is a major threat to the entire global financial system.  In China, shadow banking has been growing by leaps and bounds, but this has the authorities deeply concerned.  In fact, according to Bloomberg one top Chinese regulator has referred to shadow banking as a “Ponzi scheme”…

Their growth had caused the man who is now China’s top securities regulator to label the off-balance-sheet products a “Ponzi scheme,” because banks have to sell more each month to pay off those that are maturing.

And what happens to all Ponzi schemes eventually?

In the end, they always collapse.

And when this 75 trillion dollar Ponzi scheme collapses, the global devastation that it will cause will be absolutely unprecedented.

Bond expert Bill Gross, who is intimately familiar with the shadow banking system, has just come out with a major warning about the lack of liquidity in the shadow banking system…

Mutual funds, hedge funds, and ETFs, are part of the “shadow banking system” where these modern “banks” are not required to maintain reserves or even emergency levels of cash. Since they in effect now are the market, a rush for liquidity on the part of the investing public, whether they be individuals in 401Ks or institutional pension funds and insurance companies, would find the “market” selling to itself with the Federal Reserve severely limited in its ability to provide assistance.

As far as shadow banking is concerned, everything is just fine as long as markets just keep going up and up and up.

But once they start falling, the whole system can start falling apart very rapidly.  Here is more from Bill Gross on what might cause a “run on the shadow banks” in the near future…

Long used to the inevitability of capital gains, investors and markets have not been tested during a stretch of time when prices go down and policymakers’ hands are tied to perform their historical function of buyer of last resort. It’s then that liquidity will be tested.

And what might precipitate such a “run on the shadow banks”?

1) A central bank mistake leading to lower bond prices and a stronger dollar.

2) Greece, and if so, the inevitable aftermath of default/restructuring leading to additional concerns for Eurozone peripherals.

3) China – “a riddle wrapped in a mystery, inside an enigma”. It is the “mystery meat” of economic sandwiches – you never know what’s in there. Credit has expanded more rapidly in recent years than any major economy in history, a sure warning sign.

4) Emerging market crisis – dollar denominated debt/overinvestment/commodity orientation – take your pick of potential culprits.

5) Geopolitical risks – too numerous to mention and too sensitive to print.

6) A butterfly’s wing – chaos theory suggests that a small change in “non-linear systems” could result in large changes elsewhere. Call this kooky, but in a levered financial system, small changes can upset the status quo. Keep that butterfly net handy.

Should that moment occur, a cold rather than a hot shower may be an investor’s reward and the view will be something less than “gorgeous”. So what to do?Hold an appropriate amount of cash so that panic selling for you is off the table.

In order to avoid a shadow banking crisis, what we need is for global financial markets to stabilize and to resume their upward trends.

If stocks and bonds start crashing, which is precisely what I have projected will happen during the last half of 2015, the shadow banking system is going to come under an extreme amount of stress.  If the coming global financial crisis is even half as bad as I believe it is going to be, there is no way that the shadow banking system is going to hold up.

So let’s hope that the financial devastation that we have seen so far this week is not a preview of things to come.  The global financial system has been transformed into a delicately balanced pyramid of glass that is not designed to handle turbulent times.  We should have never allowed the shadow banks to run wild like this, but we did, and now in just a short while we are going to get to witness a financial implosion unlike anything the world has ever seen before.

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