Categories » ‘Banking Fraud’
October 13th, 2014 by olddog
The Washington Post
© CarlD. Walsh/Portland Press Herald via Getty Images
COPS R CROOKS
Sanford Police Chief Thomas Connolly steps down from the department’s Mine-Resistant Ambush Protected (MRAP) vehicle. Police agencies have used hundreds of millions of dollars taken from Americans under federal civil forfeiture law in recent years to buy guns, armored cars and electronic surveillance gear. They have also spent money on luxury vehicles, travel and a clown named Sparkles.
The details are contained in thousands of annual reports submitted by local and state agencies to the Justice Department’s Equitable Sharing Program, an initiative that allows local and state police to keep up to 80 percent of the assets they seize. The Washington Post obtained 43,000 of the reports dating from 2008 through a Freedom of Information Act request.
The documents offer a sweeping look at how police departments and drug task forces across the country are benefiting from laws that allow them to take cash and property without proving a crime has occurred. The law was meant to decimate drug organizations, but The Post found that it has been used as a routine source of funding for law enforcement at every level.
“In tight budget periods, and even in times of budget surpluses, using asset forfeiture dollars to purchase equipment and training to stay current with the ever-changing trends in crime fighting helps serve and protect the citizens,” said Prince George’s County, Md., police spokeswoman Julie Parker.
Brad Cates, a former director of asset forfeiture programs at the Justice Department, said the spending identified by The Post suggests police are using Equitable Sharing as “a free floating slush fund.” Cates, who oversaw the program while at Justice from 1985 to 1989, said it has enabled police to sidestep the traditional budget process, in which elected leaders create law enforcement spending priorities.
“All of this is fundamentally at odds with the U.S. Constitution,” said Cates, who recently co-wrote an article calling for the program’s abolition on The Post’s editorial page. “All of this is at odds with the rights that Americans have.”
Of the nearly $2.5 billion in spending reported in the forms, 81 percent came from cash and property seizures in which no indictment was filed, according to an analysis by The Post. Owners must prove that their money or property was acquired legally in order to get it back.
The police purchases comprise a rich mix of the practical and the high-tech, including an array of gear that has helped some departments militarize their operations: Humvees, automatic weapons, gas grenades, night-vision scopes and sniper gear. Many departments acquired electronic surveillance equipment, including automated license-plate readers and systems that track cellphones.
The spending also included a $5 million helicopter for Los Angeles police; a mobile command bus worth more than $1 million in Prince George’s County; an armored personnel carrier costing $227,000 in Douglasville, Ga., population 32,000; $5,300 worth of “challenge coin” medallions in Brunswick County, N.C.; $4,600 for a Sheriff’s Award Banquet by the Doña Ana County (N.M.) Sheriff’s Department; and a $637 coffee maker for the Randall County Sheriff’s Department in Amarillo, Tex.
Sparkles the Clown was hired for $225 by Chief Jeff Buck in Reminderville, Ohio, to improve community relations. But Buck said the seizure money has been crucial to sustaining long-term investigations that have put thousands of drug traffickers in prison.
“The money I spent on Sparkles the Clown is a very, very minute portion of the forfeited money that I spend in fighting the war on drugs,” he told The Post.
About 5,400 departments and drug task forces have participated in the Equitable Sharing Program since 2008. Justice spokesman Peter Carr said the program is an effective weapon to fight crime but should not be considered “an alternative funding source for state and local law enforcement.”
“It removes the tools of crime from criminal organizations, deprives wrongdoers of the proceeds of their crimes, recovers property that may be used to compensate victims, and deters crime,” he said in a statement. “Any funds received through the equitable sharing program are meant to enhance and supplement, not supplant or replace an agency’s appropriated budget and resources.”
Money for gear, training
A local or state police agency can seize cash or property under federal law through the Equitable Sharing Program when a federal agency such as the U.S. Drug Enforcement Administration or Immigration and Customs Enforcement agrees to adopt the seizure under federal law. Federal agencies generally are allowed to keep 20 percent or more of the seizure after an adoption.
In September, The Post reported that police across the country became more aggressive in their use of federal civil asset forfeiture laws after the Sept. 11, 2001, terrorist attacks. Officials at Justice and the Department of Homeland Security encouraged a technique known as highway interdiction to help in the fight against drugs and terror.
There have been 61,998 cash seizures on highway and elsewhere since 9/11 without search warrants or indictments and processed through the Equitable Sharing Program, according to an analysis of Justice data obtained by The Post.
Equitable Sharing participants must follow rules contained in a 50-page Equitable Sharing guide that require the proceeds of seizures to be used “by law enforcement agencies for law enforcement purposes only.”
Permissible uses include overtime pay, training, building construction and improvements and equipment everything from file cabinets and fitness gear to automatic weapons, surveillance systems and cars. They also can use proceeds to buy food and drinks at conferences or during disaster operations.
Police generally may not pay ongoing salaries or otherwise support annual budgets. One exception allows for departments to pay salaries of newly hired officers for one year or officers assigned to a drug task force as a replacement “so long as the replacement officer does not engage in the seizure of assets or narcotics law enforcement as a principal duty.”
The Justice Department has about 15 employees assigned to overseeing compliance. Five employees review thousands of annual reports for discrepancies. Justice employees also use analytical tools to search for spending patterns. Several attorneys review all sharing request for $1 million or more, Carr said, adding that the locals also do their own audits.
The annual reports from local and state police are required to help “promote public confidence” in the program and to protect against “waste, fraud and abuse,” the guidelines say. But the forms provide few details about what is actually purchased, according to documents and interviews. That is in part because the department leaves it up to local officials to decide how to categorize their spending. There is little room to provide line-item detail.
Justice’s inspector general’s office has conducted 25 audits on spending since 2008, an average of four a year, examining more than $18 million in Equitable Sharing spending, roughly three-quarters of 1 percent of the money spent during that time. Justice has challenged millions of dollars in spending as unsupported or unallowable.
One audit examined about $3.4 million in Equitable Sharing funds that the Oklahoma Highway Patrol spent from July 2009 to June 2012.
The audit found $1.9 million in unallowable and unsupported expenditures relating to salaries, overtime pay, construction, fees paid to contractors and the use of two Ford F-150 pickup trucks by non-law enforcement personnel.
Oklahoma authorities did not return calls seeking comment.
Auditors found the Mesa County, Colo., Sheriff’s Office paid thousands for projectors, scanner equipment and other items that were not intended for law enforcement. They also paid for 20 lawyers in the Mesa County prosecutors office to attend a conference at the Keystone ski resort. Auditors questioned more than $78,000 in spending.
The Mesa Sheriff’s Office also did not respond to calls from The Post.
Trading cards and BMWs
One task force used the money for a subscription to High Times, a magazine for marijuana enthusiasts, at $29.99 for a year.
Several departments bought custom-made trading cards, complete with photos and data about their officers. Some, including police in Chelsea, Mass., share them with children in their communities.
“We have found that this is a great way to build trust and foster long-lasting relationships with the youth in our community who get to know officers on a first-name basis,” said Chelsea Police Chief Brian Kyes.
Ten agencies have used the asset forfeiture funds to pay their fees for the Defense Department’s excess property initiative, better known as the 1033 program, which enables local and state police to buy surplus military-grade equipment at cut rates. The equipment includes automatic weapons, night-vision gear and clothing.
Police in Sahuarita, Ariz., paid $4,300 to outfit a Humvee obtained through the 1033 program.
The New Bedford, Mass., Police Department in 2012 paid $2,119 for shipping costs for M-16s from the military.
Dozens of sheriff and police offices paid a total of more than $100,000 for keepsakes known as “challenge coins” and lapel pins that they could share with one another and with local residents.
Scores of departments spent money on vehicles. Many of them were typical police cruisers, but dozens were new and used sports and luxury cars, including at least 15 Mercedes, a dozen Mustangs, a handful of BMWs and two Corvettes.
Others bought a variety of armored cars. Among them was the police department in Douglasville, Ga., and the sheriff’s office in Douglas County, Ga., which teamed up several years ago to buy an eight-ton, $227,000 BearCat (Ballistic Engineered Armored Response Counter Attack Truck).
Douglasville Deputy Chief Gary E. Sparks said they have used the vehicle a few times in barricade situations. But mostly it comes in handy for “officer down” and SWAT team exercises.
“It’s better to have it and not need it than need it and not have it,” he said.
Police in Ferguson, Mo., also participate in Equitable Sharing. Since 2008, the department reported using seizure proceeds to buy $18,000 in weapons, $71,000 in computers and communications gear, and about $43,000 in electronic surveillance equipment. Some of the money was seized in partnerships with other agencies, the annual reports show.
Jurisdictions in the Washington region have used the federal asset forfeiture program as well.
Virginia State Police spent $33 million on buildings and improvements and $11 million on computers and communications gear.A state police spokeswoman said the funds came from money forfeited by Purdue Frederick Company, the maker of OxyContin, to settle allegations that the company played down the drug’s addictive properties.
The D.C. Metropolitan Police Department was a leader in spending on informants and undercover drug purchases, reporting about $3.3 million under that category. The department declined a request to provide details.
Prince George’s police spent $382,000 on license-plate readers, $56,000 to paint two aging helicopters and an undisclosed amount on a “cell site simulator” that can surreptitiously track cellphones.
Parker, the Prince George’s police spokeswoman, said the cellphone-tracking system is only used under court order and that the department “follows best practice policies” when spending forfeiture funds.
Fairfax County police have spent $1.3 million on weapons and protective gear, $561,000 on buildings and improvements and $208,000 on electronic surveillance gear. The department declined to share details about the spending.
The Justice Department audited Fairfax’s spending in 2009 and 2010 and found the department had complied with the guidelines at that time.
“Our financial stewardship of our Seized Account Funds is in compliance with all Federal rules and laws, State rules and laws, County rules and laws, and we undergo audits of these accounts by local and federal agencies,” Col. Edwin C. Roessler Jr., the Fairfax police chief, said in a statement. “Additionally, we are subjected to internal audit processes to review all requests for expenditures to ensure purchases are pre-approved for compliance.”
Steady money for Ga. town
The Post analysis found that since 2008, more than 500 departments and drug task forces have reported receiving the equivalent of 20 percent of their annual spending plans at least once. Nearly 100 have done so in at least three of the past six years.
The local department that makes the most consistent use of Equitable Sharing funds per capita is in Braselton, Ga., a town of about 8,000 people along Interstate 85 northeast of Atlanta. It has reported receiving the equivalent of 20 percent or more of its budget from the Justice program in five of the past six years, documents show.
The Braselton Police Department’s approach to Equitable Sharing offers insights about the latitude the Justice Department gives local and state departments to spend seized proceeds . It also underscores how little Equitable Sharing participants are required to disclose to Justice each year.
According to the town’s annual reports, police in Braselton have spent $79,000 on weapons and protective gear since 2008, $139,000 on travel and training, $134,000 on salaries, $224,000 on computers and communications gear, $875,000 on a category characterized on the Justice form as “other,” and $905,000 on buildings and improvements.
Their spending included $806,000 for the purchase and modification of vehicles.
In interviews, Assistant Chief Lou Solis said that not all the reported spending went to items for the town police. He said that Braselton often uses its membership in the Equitable Sharing Program to buy things for law enforcement partners, such as the Georgia State Patrol.
The federal guidelines allow the formation of “informal task forces” and the participants to decide how to split the seizures among themselves, with Justice’s approval. Most of Braselton’s seizure proceeds came as a result of its participation in an Atlanta-based DEA drug task force that relies heavily on local police. Braselton has one officer assigned to the task force, Solis said.
Braselton police recently paid $6,000 for copiers for a nearby DEA office. “The DEA says, ‘Hey man, we need a copier,’ ” Solis said.
In some instances, town police help out on “whisper stops” after receiving informal tips about smugglers from the DEA, he said. Some of the seizures are made by state troopers on nearby I-85, with help from Braselton officers, he said.
State police have sometimes partnered with Braselton on seizures in exchange for pledges from town police to provide cars and equipment for the state police. For example, Solis said, Braselton police recently bought 27 M-4 assault rifles, at about $2,000 each, for state police with proceeds from Equitable Sharing. Braselton also paid almost $8,000 in program funds for “radar, lights and tag reader” for the state police.
The deals with Braselton enabled state police offices to receive the direct benefit of seizure proceeds rather than have the money go through the state patrol’s general fund, according to Solis and Capt. Kermit Stokes, a state patrol official.
Braselton police also used seizure proceeds to build an enclosed shooting range used by local, state and federal authorities, including the Department of Homeland Security, which also contributed funding, Solis said.
“It’s legit. We’re not buying stuff just to buy stuff,” he said, adding, “We spend the money if we have it. . . . It’s pretty cool. We’re not only able to help us, we’re able to help others.”
In every instance, planned purchases are submitted to town authorities before being approved by Braselton’s police chief, he said. Every request from Georgia’s state patrol is accompanied by a formal letter, as required by the Justice program, he said.
“It’s checked and it’s double-checked,” Solis said about the spending. “It’s audited.”
When town police help out, other agencies sometimes promised to include them in a “DAG-71,” the federal form that specifies how sharing should occur. So many seizures have occurred in recent years, leading to so much sharing among local, state and federal authorities, that it has become common for one officer to tell another, “We’re going to DAG you in,” Solis said.
After The Post brought the transactions to Justice’s attention, a department official told Braselton to stop using Equitable Sharing funds to buy items for other departments, said Carr, the Justice spokesman. Such transactions were not “explicitly prohibited previously,” but a new interim guidance for the program was issued this summer, Carr said.
“Braselton Police Department is now aware that this is not permitted and has assured the department it will comply with the new guidance,” Carr said.
Braselton Police Chief Terry Esco said he was not aware of the interim guidance but is happy to comply.
“We just never received the e-mail,” he said.
October 10th, 2014 by olddog
By Bruce Fein
If the United States is not an empire, the word has lost all meaning.
No sparrow falls in the forest that does not provoke a national security assessment and response.
At present, we are employing military force in six countries — Syria, Iraq, Afghanistan, Pakistan, Yemen, and Somalia.
In 2011, we reduced Libya to rubble after Muammar Gaddafi did our bidding in abandoning weapons of mass destruction and in paying more than $1 billion to compensate for the Pan Am Flight 103 bombing over Lockerbie, Scotland.
We are assisting Ukraine in its conflict with Russia.
We are deploying predator drones in Niger, Djibouti and the Seychelles.
We are assisting Uganda in its fight with the Lord’s Resistance Army.
We are assisting Nigeria in its conflict with Boko Harem.
We are committed to war against Iran if we decree it has acquired a nuclear capability.
We have tens of thousands of troops stationed in Japan 70 years after the conclusion of World War II.
We have tens of thousands of troops deployed in South Korea more than 60 years after the Korean War ended.
We have tens of thousands of troops in Europe seven decades after the defeat of Hitler and more than two decades after the disintegration of the Soviet Union.
We are committed by treaty to defending approximately 50 nations from attack, including the defense of Japan in the event of a conflict with China over a few uninhabited islands in the East China Sea.
We dot the planet with hundreds of military bases.
We police the oceans with aircraft carriers, submarines and battleships.
We dominate the skies with spy satellites, stealth aircraft, and hundreds of fighters and bombers.
We have outstanding economic sanctions against 20 nations for bad behavior.
We control cyberspace with the ubiquitous collection, retention, and search of electronic communications of friend and foe alike.
We expend $1 trillion annually on national security, a sum more than the collective defense expenditures of the rest of the world.
We honor secrecy more than transparency, a quest for a risk-free existence more than liberty.
We bedeck the presidency with the trappings of a Roman emperor, including a bloated Pretorian Guard and a White House staff approaching 500. Roads are closed and traffic stops whenever the president travels.
In his July 4, 1821, address to Congress, then-Secretary of State John Quincy Adams indicated the difference between then existing empires and the American republic.
The republic spoke of equal rights among nations.
Empires spoke of double standards.
The republic influenced events abroad by example.
Empires dictated to foreign nations by military force or financial manipulation.
The republic knew that chronic embroilment in foreign wars would change the fundamental maxims of her policy from liberty to force.
Empires embraced foreign wars as an earmark of greatness.
The republic glorified liberty.
Empires glorified domination.
In sum, the United States has become a full-fledged empire.
Acknowledging this truth is the first step to curing the disease. Otherwise, self-ruination will be our fate. As Abraham Lincoln presciently lectured: “At what point then is the approach of danger to be expected? I answer, if it ever reach us, it must spring up amongst us. It cannot come from abroad. If destruction be our lot, we must ourselves be its author and finisher. As a nation of freemen, we must live through all time, or die by suicide.”
For more information about Bruce Fein, please visit brucefeinlaw.
September 23rd, 2014 by olddog
BY I M POWER / WEDNESDAY, 17 SEPTEMBER 2014 / PUBLISHED IN ABSOLUTE DATA
The Economist: Mainstream globalist propaganda reveals East/West conflict is a farce
published on redifinggod blog, on September 15, 2014
For anyone who might still believe that the US/NATO versus Russia/BRICS geopolitical confrontation is real…
…here is a little blast from the past…
…It is the cover from the January 9, 1988 issue of The Economist magazine. Note the phoenix rising from the ashes of burning national currencies, including the dollar.
The cover relates to an article on pages 9-10 titled Get ready for the phoenix, which foretold the financial drama we are now watching unfold in real time. Upon stumbling across them, I found the cover art and the article so striking that I thought they might be an online forgery, so I verified their authenticity with a research librarian at the Newspaper and Current Periodical Room of the Library of Congress. Both the cover and the article are quite real. Here are some excerpts (not necessarily in the order in which they appear in the article)…
>>> THIRTY years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let’s say, the phoenix. The phoenix will be favoured by companies and shoppers because it will be more convenient than today’s national currencies, which by then will seem a quaint cause of much disruption to economic life in the last twentieth century…
…The phoenix would probably start as a cocktail of national currencies, just as the Special Drawing Right is today. In time, though, its value against national currencies would cease to matter, because people would choose it for its convenience and the stability of its purchasing power…
…The phoenix zone would impose tight constraints on national governments. There would be no such thing, for instance, as a national monetary policy. The world phoenix supply would be fixed by a new central bank, descended perhaps from the IMF…
…Governments are far from ready to subordinate their domestic objectives to the goal of international stability. Several bigger exchange-rate upsets, a few more stock-market crashes and probably a slump or two will be needed before politicians are willing to face squarely up to that choice…
…Pencil in the phoenix for around 2018, and welcome it when it comes. <<<
It’s all there: the SDR “cocktail” (basket) of currencies, the IMF’s central role, and the need to create “exchange rate upsets, stock-market crashes, and economic slumps” to make the public accept it. Seeing such an accurate forecast/blueprint, one wonders who was behind its publishing. So if we look into The Economist magazine, we find it is headquartered just a few blocks from the City of London and is owned by The Economist Group, which itself is owned by some rather interesting characters…
“The Economist Group is 50% owned by Pearson PLC via The Financial Times Limited. The bulk of the remaining shares are held by individual shareholders including the Cadbury, Rothschild, Schroder, Agnelli and other family interests as well as a number of staff and former staff shareholders.”
Beyond the Rothschild and Agnelli families, who are widely rumored to be part of the Illuminati, the Schroder family is particularly worth noting. The Schroders (also spelled Schroeder) are an old German ruling class family from Hamburg. One of the Schroder brood, Johann Heinrich Schroder, settled in London and founded J. Henry Schroder & Co. (now known simply as “Schroders,” one of the UKs largest investment banks) back in 1818. Later, in 1923, the firm expanded into New York by establishing J. Henry Schroder Banking Corporation. It is here that they joined with the Rockefeller family through Avery Rockefeller.
According to Avery’s bio…
“In 1928, Rockefeller joined the storied J. Henry Schroder Banking Corporation and became Assistant Treasurer in 1931. On 8 July 1936, Rockefeller co-founded Schroder, Rockefeller & Co., Inc. Its purpose was to take over the underwriting and general securities business formerly carried out by the J. Henry Schroder Banking Corporation.”
Schroder, Rockefeller & Co. is widely viewed as having been an integral part of the globalist bankers’ financial support infrastructure for the Nazis. And another of the Schroders, Johann Heinrich’s great-grandson, Baron Kurt von Schroeder
(shown here in his Nuremberg picture)…
…played a pivotal role..
“Schroeder was an important member of the Freundeskreis der Wirtschaft, which provided Adolf Hitler and his party with enough financial support to survive through the early 1930s. He also hosted a critical meeting on 4 January 1933 between Papen and Hitler that eventually led to Hitler’s appointment as Chancellor of Germany.”
The Nazis had (and continue to have) deep ties to the Anglo-American banking establishment, and also to The Economist. So this article came from a publication connected to the supposed “Nazi/Zionist Cabal.” Keep this in mind as we take a look at what that Cabal’s supposed enemies, the Chinese, are saying about the currently-unfolding global financial drama.
The Blueprint Revealed
I recently ran across a China Daily article titled Bracing for next big financial crisis, written by Giles Chance (a former World Bank staffer who is a professor at the Guanghua School of Management at Peking University). I strongly recommend following the link and reading the entire article, because it succinctly lays out the globalist plans and talking points for the next economic crisis. Once you correct for the article’s spin, it tells you everything. Here are some select passages, with my commentary added in brackets…
>>> Above the central banks, including the PBOC [People's Bank of China], stands the Bank of International Settlements in Basel, Switzerland, which oversees the activities of national banking and monetary systems. The integration of markets and economies in a globalized world has given the BIS an increasingly important role in providing global financial stability… <<<
[So here we have a Chinese propaganda organ telling us that the BIS is in charge of all the central banks, including China's. This is in spite of the fact that the BIS was a joint creation of the London bankers and the Nazis (who are supposedly the bad guys the BRICS are fighting). I will share more about the BIS later in the article.]
>>> In 2007, the year before the financial crash, the BIS warned that the global financial system was becoming overstretched and that the banking systems in the developed world were coming under pressure. But although the BIS has great influence, it does not have the power to compel any central bank. It can advise and warn, but it cannot give orders, and it does not issue its own money. As we know, the Federal Reserve Bank of New York and the European Central Bank in Brussels did not act on the well-timed warning from the BIS. <<<
[This passage establishes the BIS's wisdom and foresight, as opposed to the foolishness of the national central banks. It also carries the implication that the BIS should be given the power to compel the national central banks to follow its wise guidance. Not mentioned is the fact that the financial crash was deliberately triggered by the very bankers he's writing about, and that the foolishness of the national central banks' responses was quite calculated. It allowed the banksters to harvest enormous wealth from the public and set up the pretext for the global institutions to step in and "provide stability."]
>>> Against that background, you would expect today that if the BIS issued another warning, the world would pay attention. At the end of June, BIS General Manager Jaime Caruana gave a speech at its headquarters that contained a strong note of caution: “A new policy compass is needed to help the global economy step out of the shadow of the global financial crisis…” <<<
[By "a new policy compass," he means a transition from the current dollar-based global financial system to the new, more centralized SDR-based multipolar/multilateral financial system]
>>> In his speech, Caruana blamed the continued dependence by the advanced economies, led by the United States, on ultra-loose monetary policy in place of the necessary deep-seated structural changes. <<<
[Here, he's setting up the Federal Reserve (and the EU and Japan) to take the blame.]
>>> Caruana’s warning was reinforced by William White, head of the Economic Review and Development Committee at the headquarters of the Organization for Economic Co-operation and Development in Paris. As one of the very few experts who accurately forecast the 2008 crash, while head of research at the BIS, White is listened to with respect around the world.
In a recent interview, he said: “Riskfree bond rates are at enormously low levels, spreads are very low … it all looks and feels like 2007. And frankly, I think it’s worse than 2007…” <<<
[Here, another "wise" person from the BIS is warning that we're approaching another financial crisis (that he and his buddies are engineering). It's pretty easy to be a forecaster when you're in on the plan. So if this year looks and feels like 2007, will next year be the next 2008?]
>>> But the US Federal Reserve Bank, the controller of the dollar-based global economy, does not agree with the BIS or William White. Several days after Caruana’s speech, Fed Governor Janet Yellen made it clear that she does not think that extremely low interest rates were the main culprit in the 2008 financial crisis, nor constitute the main problem now. <<<
[This is a very instructive passage. Note how the author specifically mentions the "dollar-based global economy." Also note how he again paints the Federal Reserve as the morons who won't listen to the sage globalists at the BIS. In this, he is setting up Janet Yellen for her upcoming scapegoat role, and he is tying interest rates to what will bring her down. The author says all this while failing to disclose that Janet Yellen is a member of the Board of Directors of the BIS, as is PBOC governor Zhou Xiaochuan]
>>> The disagreement between these two powerful financial institutions, the BIS and the New York Federal Reserve, has increased the risk that markets will crash as interest rates rise. Can China’s stability withstand another financial crash? Or would China emerge stronger? <<<
[Bingo! Here we are shown the trigger for the next financial crisis: Yellen will raise interest rates either "too soon" or by "too much" and crash the markets. "If only the wise BIS had had the power to rein in the Fed's foolishness sooner, we could have avoided this," they'll say. Now let's read on and see if China will emerge stronger.]
>>> China certainly has economic problems… But the forward-looking, courageous determination of its government to grasp some important nettles in its economic reform program will make it a key part of any solution to another Western financial crisis. <<<
[Here, the author does the requisite ass-kissing to his Chinese hosts, then boldly states that China will be "a key part of any solution to another Western financial crisis." Solution, as in problem - reaction - solution. And the article has already shown us who caused the problem part of the equation: the unruly Western central banks, especially the Fed.]
>>> With the BIS and the US Federal Reserve Bank on opposite sides of the fence about global financial stability, the likelihood of another global financial crisis grows. But next time would indeed be different, because Western taxpayers would refuse to pay for another huge bank bailout, as they did in 2008-09. <<<
[So again, in case you missed it: BIS = good = wise = solution and US Federal Reserve Bank = bad = problem = another global financial crisis.]
>>> The emerging world, led by China, is economically in a much stronger position relative to the advanced countries than six years ago. Although in 2009 China may not have expected its sudden promotion to world power status, the country’s emergence since the crash as a global pillar of growth has significantly increased its global influence. <<<
[China didn't expect its promotion to world power status? Au contraire, they knew it was coming because the globalists promised it to them, just like they promised what comes next...]
>>> Another crash on Wall Street would reinforce the attraction of the renminbi as a store of value and anchor of stability for other regional currencies…
It would underpin China’s global appeal as a peaceful force for stability in a volatile and troubled world, and hasten the re-engineering of shareholding in the major organizations of global governance, particularly at the World Bank and the IMF. Prepared or not, in the event of another crash China would find itself in a position of even greater global leadership and responsibility than today. <<<
[So here we are told that the next crash will be China's gateway to top dog status, and it will "hasten the re-engineering of shareholding in the major organizations of global governance, particularly at the World Bank and the IMF." This is exactly what I've been warning about. When the next crash comes, watch them break out their gold and other commodities to underwrite the global financial system in exchange for the governance changes.]
Now that we are done de-spinning the article, there are two things it brings up that deserve to be examined: the BIS and the Fed’s raising of interest rates…
The Bank for International Settlements (BIS)
This is the cover art for the BIS Archive Guide…
…It proudly features Montagu Norman (the Bank of England Governor from 1920-1944, circled in pink) and Hjalmar Schacht (the President of the Reichsbank from 1923-31 and 1933-39, and Hitler’s Economics Minister from 1934 – 1937, circled in red). You’ll hear more about these two a little later in the article. But first, let’s have a look at a little piece of BIS history…
>>> Between 1933 and 1945 the BIS board of directors included Walther Funk, a prominent Nazi official, and Emil Puhl, who were both convicted of war crimes at the Nuremberg trials after World War II, as well as Hermann Schmitz, the director of IG Farben, and Baron [Kurt] von Schroeder, the owner of the J.H.Stein Bank, which held the deposits of the Gestapo. There were allegations that the BIS had helped the Germans loot assets from occupied countries during World War II.
As a result of these allegations, at the Bretton Woods Conference held in July 1944, Norway proposed the “liquidation of the Bank for International Settlements at the earliest possible moment”. This resulted in the BIS being the subject of a disagreement between the American and British delegations. The liquidation of the bank was supported by other European delegates, as well as the United States (including Harry Dexter White, Secretary of the Treasury, and Henry Morgenthau), but opposed by John Maynard Keynes, head of the British delegation.
Fearing that the BIS would be dissolved by President Franklin Delano Roosevelt, Keynes went to Morgenthau hoping to prevent the dissolution, or have it postponed, but the next day the dissolution of the BIS was approved. However, the liquidation of the bank was never actually undertaken. In April 1945, the new U.S. president Harry S. Truman and the British government suspended the dissolution, and the decision to liquidate the BIS was officially reversed in 1948. <<<
So why were the British bankers so opposed to shutting down a bank with strong Nazi ties, you ask? Well, have a look at this UK Telegraph article (use this Internet Archive link if the direct link isn’t working)…
I recommend reading the whole article, as it contains more juicy information than I can include in this post. Here are the most relevant excerpts for the topic at hand (with my comments in brackets)…
>>> The BIS was founded in 1930, in effect by Montagu Norman and his close friend Hjalmar Schacht, the former president of the Reichsbank, known as the father of the Nazi economic miracle. Schacht even referred to the BIS as “my” bank. The BIS is a unique hybrid: a commercial bank protected by international treaty. Its assets can never be seized, even in times of war. It pays no taxes on profits…
A key sentence in the Bank of England documents is found on page 1,295. It reads: “The general attitude of the Bank of England directors of the BIS during the war was governed by their anxiety to keep the BIS to play its part in the solution of post-war problems”… [the bankers created the problem (World War 2), and they used the BIS to institute their solution (more centralized control of the world's financial systems)]
…And here the secret history of the BIS and its strong relationship with the Bank of England becomes ever more murky.
During the war the BIS proclaimed that it was neutral, a view supported by the Bank of England. In fact the BIS was so entwined with the Nazi economy that it helped keep the Third Reich in business. It carried out foreign exchange deals for the Reichsbank; it accepted looted Nazi gold; it recognized the puppet regimes installed in occupied countries, which, together with the Third Reich, soon controlled the majority of the bank’s shares.
Indeed, the BIS was so useful for the Nazis that Emil Puhl, the vice-president of the Reichsbank and BIS director, referred to the BIS as the Reichsbank’s only “foreign branch”…
Every other month it hosts the Global Economy Meetings, where 60 of the most powerful central bankers, including Mark Carney, Governor of the Bank of England, meet. No details of meetings are released, even though the attendees are public servants, charged with managing national economies.
The BIS also hosts the Basel Committee on Banking Supervision, which regulates commercial banks, and the new Financial Stability Board, which coordinates national regulatory authorities. The BIS has made itself the central pillar of the global financial system. <<<
Speaking of these Global Economy Meetings, guess who attends them? According to the BIS website…
“The GEM comprises the Governors of 30 BIS member central banks in major advanced and emerging market economies that account for about four fifths of global GDP. The members of the GEM are the central bank Governors from Argentina, Australia, Belgium, Brazil, Canada, China, France, Germany, Hong Kong SAR, India, Indonesia, Italy, Japan, Korea, Malaysia, Mexico, the Netherlands, Poland, Russia, Saudi Arabia, Singapore, South Africa, Spain, Sweden, Switzerland, Thailand, Turkey, the United Kingdom and the United States and also the President of the European Central Bank and the President of the Federal Reserve Bank of New York. Governors from several other central banks attend the GEM as observers.”
So as you can see, beyond the public theater offered in Ukraine and the Middle East, and beyond all the East versus West propaganda offered in the mainstream and alternative media, China and the BRICS are dancing to the tune of the BIS puppet-masters just like everyone else. There is NO CONFLICT between “Nazi/Zionist” transatlantic bankers and BRICS bankers. In fact, Chinese and Russian banks (along with everyone else) are in the process of implementing the Basel 3 bank reforms put out by the Basel Committee on Banking Supervision, which is hosted by the BIS.
According to this China Daily article…
“Under China’s implementation of Basel III guidelines, systemically important banks need a minimum Tier 1 capital ratio of 9.5 percent, with total buffers of 11.5 percent, before the end of 2018.”
…and according to this Russia Today article…
“Basel III – a new set of global banking standards scheduled to come into force in Russia this year – should become another stimulus for the country’s lenders to rely on its own funds rather than State support. One of the key Basel III requirements is tighter rules for a banks’ own capital.”
The whole East versus West propaganda campaign is aimed at giving the hypnotized public a fairytale storyline for all the changes they’re going through. It also offers them scapegoats on whom they can pin all their problems. The international bankers are going to crash the current system and blame it on the Federal Reserve, then they’re going to introduce the BRICS as the heroes who save the day.
In fact, part of the purpose for the recent creation of the BRICS Bank is to give the BRICS a lifeboat while the West founders from the crash. The BRICS Contingent Reserve Arrangement…
“is a framework for the provision of support through liquidity and precautionary instruments in response to actual or potential short-term balance of payments pressures.
The objective of this reserve is to provide protection against global liquidity pressures. This includes currency issues where members’ national currencies are being adversely affected by global financial pressures.
The Bank would also provide assistance to other countries suffering from the economic volatility in the wake of the United States’ exit from its expansionary monetary policy.“
All this being said, when will the crash begin, and how long will it last? Given that the last crash lasted from 2007-2009 and contained a shocking “Lehman Moment,” it stands to reason that the next crash would also be a slow-motion train wreck with an even more shocking Lehman Moment. If the propaganda setup for the collapse is any indicator, the train wreck and New Lehman Moment will involve the raising of the Fed interest rate by Janet Yellen and perhaps a black swan event like a false-flag cyberattack or terrorist attack.
Looking at the interest rate component, the Fed will be meeting this Tuesday and Wednesday (September 16-17), and that could give us an indication of when things might kick off. The general consensus of the Fed watchers seems to be that interest rates will go up starting in the summer of 2015, with some estimates saying as early as March 2015. Will this start the train wreck? And since the BRICS bank isn’t scheduled to start lending until 2016, the New Lehman might not happen till then. But then again, they can always surprise us.
August 18th, 2014 by olddog
A law enforcement officer watches Sunday, Aug. 17, 2014, as tear gas is fired to disperse
a crowd protesting the shooting of teenager Michael Brown last Saturday in Ferguson, Mo.
BY DAVID A. LIEB AND JIM SALTER
Associated Press writer Nigel Duara contributed to this report.
FERGUSON, Mo. — The first night of a state-imposed curfew in Ferguson, Missouri, ended with tear gas and seven arrests, after police dressed in riot gear used armored vehicles to disperse defiant protesters who refused to leave a St. Louis suburb where a black, unarmed teen had been shot by a white police officer a week earlier.
Missouri State Highway Patrol Capt. Ron Johnson said protesters weren’t the reason for the escalated police reaction early Sunday morning after the midnight curfew took effect, but a report of people who had broken into a barbecue restaurant and a man who flashed a handgun in the street as armored vehicles approached the crowd of protesters.
Also overnight, a man was shot and critically wounded in the same area, but not by police; authorities were searching for the shooter. Someone also shot at a police car, officials said.
The protests have been going on since 18-year-old Michael Brown was shot and killed Aug. 9 by a white Ferguson officer, Darren Wilson. The death heightened racial tensions between the predominantly black community and mostly white Ferguson Police Department, leading to several run-ins between police and protesters and prompting Missouri’s governor to put the Highway Patrol in charge of security.
The Ferguson Police Department waited six days to publicly reveal the name of the officer and documents alleging Brown robbed a convenience store before he was killed, though Ferguson Police Chief Thomas Jackson said Wilson did not know Brown was a suspect when he encountered him walking in the street with a friend.
Gov. Jay Nixon declared a state of emergency in Ferguson on Saturday after protests turned violent the night before. In announcing the curfew, Nixon said that though many protesters were making themselves heard peacefully, the state would not allow looters to endanger the community.
“I am committed to making sure the forces of peace and justice prevail,” Nixon said during a news conference that was interrupted repeatedly by people objecting to the curfew and demanding that Wilson be charged with murder. “We must first have and maintain peace. This is a test. The eyes of the world are watching.”
It isn’t clear how many days curfew will be in effect. State statute gives the governor broad powers when he declares a state of emergency, but he hasn’t indicated that he plans to do anything other than imposing the curfew and empowering the state highway patrol to enforce it.
Meanwhile, Nixon said the U.S. Department of Justice is beefing up its civil rights investigation of the shooting.
Johnson, who is in charge of security in Ferguson, said 40 FBI agents were going door-to-door in the neighborhood starting Saturday, talking to people who might have seen or have information about the shooting.
Johnson said earlier Saturday that police would not enforce the curfew with armored trucks and tear gas but would communicate with protesters and give them ample opportunity to leave. Local officers faced strong criticism earlier in the week for their use of tear gas and rubber bullets against protesters.
But as the curfew deadline arrived early Sunday, remaining protesters refused to leave the area as officers spoke through a loudspeaker: “You are in violation of a state-imposed curfew. You must disperse immediately.”
As officers put on gas masks, a chant from the distant crowd emerged: “We have the right to assemble peacefully.”
A moment later, police began firing canisters into the crowd. Highway Patrol Spokesman Lt. John Hotz initially said police only used smoke, but later told The Associated Press they also used tear gas canisters.
“Obviously, we’re trying to give them every opportunity to comply with the curfew,” Hotz said.
On Saturday, some residents said it appeared the violent acts were being committed by people from other suburbs or states.
“Who would burn down their own backyard?” asked Rebecca McCloud, a local who works with the Sonshine Baptist Church in St. Louis. “These people aren’t from here. They came to burn down our city and leave.”
Wilson, the officer who shot Brown, is a six-year police veteran who had no previous complaints against him, Jackson has said. The Ferguson Police Department has refused to say anything about Wilson’s whereabouts, and Associated Press reporters were unable to contact him at any addresses or phone numbers listed under that name in the St. Louis area.
Wilson has been on paid administrative leave since the shooting. St. Louis County prosecutor Bob McCulloch said it could be weeks before the investigation wraps up.
Anyone unaware that it is very possible the word went out to find and make an example of someone who would resist lawful orders needs to study the real state of the union instead of watching stupid TV shows or listening to the media news channels. It is very possible that Obuma has received orders to pass down to the grunts in local P.D.s that Martial law is ready and waiting. FEMA is ready and waiting for the dull and ignorant to be their guest, and I doubt not there are plenty grateful for the perceived protection. When will the people understand that we DO NOT have a legal state or National government? We are the property of the Banking Cartel, Crown, POPE, and they want to thin us out and get rid of those who resist! Only the best suck asses will survive. As far as I’m concerned, those who will not fight back to save their lives, deserve what they get. Even a crippled Grandma can take one of them with her.
August 5th, 2014 by olddog
By Dr Stuart Jeanne Bramhall
In following video, Peter Phillips from Project Censored lays out exactly how the richest one-thousandth of 1% maintain iron control over the global economy and all so-called democratic governments. http://www.youtube.com/watch?v=Ubmd3zuVjek
He cites a study Project Censored published in their Top 25 Censored Stories of 2012-2013edition of the world’s most “integrated”* corporations and those with the largest financial asset concentration.
Unsurprisingly, there’s considerable overlap between the two groups.
The 161 board members of the top 13 companies control $28 trillion of wealth. They also help the 1% hide another $30 trillion offshore so it can’t be taxed.
They’re 88% white (and nearly all male) and 63% come from the US or Europe.
They work with secret (and not so secret) groups, such as the Council on Foreign Relations, the Trilateral Commission, the Builderberg Group, the Bohemian Grove, the World Economic Forum, the G7, the G20, the International Monetary Fund and the World Bank to ensure that the domestic and foreign policy of all western governments benefits themselves and the capitalist investors they represent.
They also ensure that the national security state, busy killing people in 130 countries, acts in the exclusive interest of transnational capital. The fascist coup they engineered in Ukraine is only the most recent example.
They regularly engage in illegal conspiracies but are always too big and powerful to jail.
Here are the top 13 companies identified in the study:
1 BlackRock US $3,560 trillion
2 UBS Switzerland $2,280 trillion
3 Allianz Germany $2,213 trillion
4 Vanguard Group US $2,080 trillion
5 State Street Global Advisors (SSgA) US $1,908
6 PIMCO (Pacific Investment Management Company) US $1,820 trillion
7 Fidelity Investments US $1,576 trillion
8 AXA Group France $1,393 trillion
9 JPMorgan Asset Management US $1,347 trillion
10 Credit Suisse Switzerland $1,279 trillion
11 BNY Mellon Asset Management US $1,299 trillion
12 HSBC UK $1,230 trillion
13 Deutsche Bank Germany $1,227 trillion
*The researchers use the term “integrated” to describe financial corporations with major holdings in key non-financial sectors (i.e. energy, defense and mass media).
Next: the solution at
August 3rd, 2014 by olddog
Author: David Robinson
Also Posted on http://scannedretina.com/2014/08/03/americans-return-
america-to-common-law-now/ By arnierosner Posted: August 3, 2014
By David Robinson Puerto Rico’s nonvoting congressional delegate today introduced legislation (http://tinyurl.com/pyd5kdt) in the U.S. House of Representatives that would allow Puerto Rico’s government-owned corporations to file for Chapter 9 bankruptcy protection, the same type of municipal bankruptcy protection Detroit sought last year. The move comes a month after the commonwealth passed the Puerto Rico Public Corporation Debt Enforcement and Recovery Act (http://tinyurl.com/nwwe8ef), which allows Puerto Rico’s public corporations to restructure their debts. This Bill will also legally allow the seizure of all America’s Puerto Rican owned bank accounts, since the ESTATE trusts set up in our all capitalized legal NAMES are incorporated as Puerto Rican trusts. If Puerto Rico is allowed to go bankrupt, the trusts will be “subsumed” into the bankruptcy as assets of Puerto Rico, exactly as they were improperly entangled in the bankruptcy proceedings of the United States of America, Inc. Since all of the ESTATE trusts of the 14th Amendment citizens of the corporate United States have been removed to Puerto Rico to function under the maritime admiralty jurisdiction of Puerto Rico, the impending bankruptcy of Puerto Rican corporations would constitute the bankruptcy of “the United States of America (minor)”, i.e., the federal zone United States — leaving remaining, “the United States of America (major)” to operate under the common law of the land instead of the admiralty law of the sea. It is therefore IMPERATIVE that every American rise up and object to having their ESTATES seized by any phony baloney so-called “Bankruptcy Trustees”. These banking cartels have got to be brought down and the members of the US CONGRESS with them as well. All it takes is 390 million Americans to know three simple things — 1. That THING in Washington, DC. is a corporation hired to provide governmental services. 2. It is not “our” lawful government and hasn’t operated as such in a long, long time. 3. This private, mostly foreign owned, for-profit entity has attempted to breach our national trust and plunder our land, our resources and our private estates. This is being done by members of the American and British Bar Associations operating criminal syndicates on our shores, employing commercial mercenary armies against us, using money and credit they have misappropriated from us. The final thing Americans need to know is that they are in danger of losing their bank and retirement accounts, their stocks and bonds, their homes, their jobs, their security, their food sources, their land, and their standard of living if they don’t stand up and clean house NOW!!!
About arnierosner As an American I advocate a republic form of government, self-reliance, and adherence to the basic philosophy of the founding fathers and the founding documents, I ONLY respect those who respect and “HONOR” their honor. No exceptions! http://jhaines6.wordpress.com/2014/08/03/presstv-time-russian-bear-showed-its-fangs-by-paul-craig-roberts/
Posted on August 3, 2014 http://instigatornews.com/arresting-
president-united-states/ Arresting the President Of The United States Posted On 14 Jun 2014 By : Dr. Jim Garrow The Senate Sergeant At Arms and Doorkeeper (SAA), elected by the members, serves as the protocol and chief law enforcement officer of … Continue reading →
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Posted on August 3, 2014 Americans – Can there be any doubt? Congress committing treason right now!!! Warrant For Arrest Form AO-422: – Public Officer The de jure will be Restored when First Member of Congress is tried for Treason! SESSIONS: HOUSE LEADERS’ BORDER PACKAGE ‘SURRENDER TO A LAWLESS … Continue reading →
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Posted on August 3, 2014 This dispatch can also be read here:http://www.tomgrossmedia.com/mideastdispatches/
archives/001473.html You can see other Mideast-related items that are not in these dispatches if you “like” this page: www.facebook.com/TomGrossMedia On Aug 3, 2014, at 3:09 AM, Tom Gross <firstname.lastname@example.org> wrote: * Zionism achieved its … Continue reading → | Leave a comment
Posted on August 2, 2014 If it sounds like an attorney..if it smells like an attorney… Henry County, GA. Tuesday, August 5th Board of Commissioner’s Meeting 9:00 AM Presentation to be made by Henry County Patrick Henry Board of Review Associated with the newly constituted …
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Posted on August 2, 2014 http://blogs.barrons.com/incomeinvesting
downgrades-prepa-utility/ July 31, 2014, 4:58 P.M. ET House Bill Proposes Puerto Rico Bankruptcy; S&P Downgrades PREPA Utility Not so fast….. If it sounds like an attorney..if it smells like an attorney… Henry County GA, In confrontational mode: By Michael Aneiro Puerto …
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Posted on August 2, 2014 The Georgia Legislature charges Congress with treason in 1957 Even the entire state of Georgia legislature charged the Congress and it too fell on death ears. So you think maybe the Congress is not who we believe them to be? …
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Posted on August 2, 2014 The Evidence of Fraud! An edited version for brevity. Full version available at link below. Full version link here. | Leave a comment
Posted on August 2, 2014 Americans – Can there be any doubt? If you are a real American, you are sovereign. As a sovereign, we all have a sacred obligation to each other. The truth is simple: We choose what to believe. What we choose … Continue reading →
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Posted on August 1, 2014 Most recent items of great interest Title Home page / Archives Confirmed…General Carter F. Ham Appointed: Joint Chiefs Noticed by order of Grand Jury. Maslow’s Hierarchy POOOF…!!!! THE ILLUSION SHATTERED!!! Lawful government restored?? Is it possible to go beyond treason? … Continue reading → NOTICE – This communication may be or is collected and stored without consent in secret by the National Security Agency (NSA). Legal educational information is NOT the same as Legal Advice. The application of law varies with an individual’s specific circumstances. We recommend you consult a lawyer if you want professional assurance that this educational information, and your interpretation of it, is appropriate to your particular situation. The sender of this email does not offer legal advice and is not licensed to do so. Any charge of legal action, or claims are hereby accepted for value. This private email message, and any attachments is covered by the Electronic Communications Privacy Act, 18 U.S.C. §§ 2510-2521, and is for the sole use of the intended recipient and contains privileged and/or confidential information. To all public servants, including but not limited to Federal, State, or Local corporate governments: I accept your oath of office as your firm and binding contract between you and me, one of the People, whereby you have promised to serve, protect, and defend me, guarantee all of my unalienable rights, and defend the Constitution for the united States of America. Any/all political, private, or public entities, International, Federal, State, or Local corporate governments, private International Organizations, Municipalities, Corporate agents, informants, investigators et. al., and/or third parties working in collusion by monitoring My (this email) emails, and any other means of communication without My express written permission are barred from any review, use, disclosure, or distribution. With explicit reservation of all my rights, without prejudice and without recourse to any of My rights. Any omission does not constitute a waiver of any and/or all intellectual property rights or reserved rights.
July 21st, 2014 by olddog
Exactly 70 years ago to the day, hundreds of delegates from 44 nations were busy at work in Bretton Woods, New Hampshire creating a brand new financial system.
World War II had just ended. Europe was in ruin.
And since the US was simultaneously the largest economy in the world, the primary victor in the war, and the only major power with its productive capacity intact, it was easy to dictate terms: the dollar would dominate the new system.
Every nation would hold dollars as the primary reserve currency, and the dollar would be redeemable for gold at $35/ounce.
Also, global commerce would be conducted and settled in dollars, and these settlements would clear through the US banking system.
Naturally this created substantial demand from foreign governments who needed to begin accumulating dollars for trade and reserves.
So through a variety of programs, from the Marshall Plan to the IMF and World Bank, the US began flooding the world with dollars.
Initially everything went according to plan.
But soon the US government realized something important– foreign demand for the dollar was so strong that they could get away with printing more dollars than they had gold.
This allowed them to run all sorts of deficits and spending initiatives– more war, more welfare, more waste… all with minimal accountability.
Initially the consequences were insignificant.
Sure, the price of gold in London was a few dollars higher than in the US (they called this the ‘gold window’).
But demand for the dollar was still strong. So why bother changing?
By 1971, the situation had gotten far worse. Another decade of war, excessive spending, trade deficits, and money printing had pushed many foreign nations to their breaking points.
Foreign nations’ dollar reserves far exceeded the US government’s gold holdings. And with confidence waning, many began redeeming their dollars for gold.
Only days later, Richard Nixon put a stop to this and unilaterally terminated the US dollar’s convertibility to gold.
Think about the magnitude of this decision: Nixon was effectively defaulting on US obligations to the rest of the world– a complete betrayal of their trust.
Yet despite this massive shock that reset the global financial system, the dollar somehow managed to remain the world’s #1 reserve currency.
You’d think they would have been grateful, thanking their lucky stars that the rest of the world gave them a second chance. But no.
Over the past 43 years, the US has continued to print, devalue, and mismanage the dollar.
- Along the way, they’ve created epic bubbles and financial shocks.
- They’ve run up the biggest deficits and debt levels ever seen in the history of the world.
- They’ve bickered internally to the point of shutting down government.
- They’ve passed arrogant, painful regulations and commanded the rest of the world to comply under threats tantamount to financial homicide.
- They’ve unleashed their tax and securities authorities to terrorize anyone doing business with the US.
- They’ve totally ignored foreign pleas to restructure the IMF and World Bank.
- They’ve slammed foreign banks with record fines simply for doing business with nations that the US doesn’t like.
- They’ve waged pointless wars. They’ve spied on their allies. They’ve meddled in other nations’ affairs.
- And they’ve demonstrated absolutely no willingness or ability to improve.
Simply put, other nations are done. Fed up, really. And it’s not just words.
Consider that in a matter of months, the US will be overtaken by China as the world’s largest economy.
Not to mention, the total combined GDPs of China, India, Russia, and Brazil are roughly the same as the US and EU combined.
Just as the US was the biggest player back in 1944, China is the biggest player today. So it seems clear that the renminbi will become a critical component of a new financial system.
The renminbi already has experienced rapid growth as a dollar alternative for trade; in May, cross-border settlement surged 52% from the year prior.
Renminbi settlement banks are being set up from London to Canada, and the central banks of both France and Luxembourg have signed agreements for renminbi clearing.
There have already been numerous Western companies (like McDonalds) that have issued renminbi-denominated bonds.
And even the provincial government of British Columbia issued a renminbi bond earlier this year. It was a whopping five times oversubscribed.
I’d expect within the next 2-3 years we’ll start seeing trade settlement in renminbi, even when none of the parties are in China.
Today, for example, a transaction between a Paraguayan merchant and a company in Angola will likely settle in US dollars.
Soon, I think we’ll start seeing that transaction done in renminbi. And once that happens, you’ll know it’s game over for the dollar.
Shortly after, national governments in western countries will issue renminbi bonds (perhaps Greece or Portugal will be first). And eventually, even the US government itself.
Today, 70 years after Bretton Woods, leaders from China, Russia, India, Brazil, South Africa, and several other nations are hard at work in Fortaleza, Brazil creating a new development bank that will compete against the US-controlled World Bank.
This is a major step in an obvious trend towards a new financial system. Every shred of objective data is SCREAMING for this to happen.
It’s a different world. Everyone realizes it except for the US government, which is still living in the past where they’re #1 and get to call all the shots.
The consequences of missing this boat are enormous, and it’s going to be a rude awakening for anyone not paying attention.
July 20th, 2014 by olddog
From: Michael Gaddy [mailto:email@example.com]
“The whole conspiracy idea is cockeyed. We had orders to obey the head of state. We weren’t a band of criminals meeting in the woods in the dead of night to plan mass murders…” ~Hermann Goering, 1 May 1946 (Committed suicide to avoid hanging)
“I was given this assignment which I could not refuse–and besides, I did everything possible to treat [the foreign slave laborers] well.” ~Fritz Saukel , 23 February 1946 (Hanged for crimes against humanity)
“I don’t see how they can fail to recognize a soldier’s obligation to obey orders. That’s the code I’ve live by all my life.” ~Alfred Jodl, 1 November 1945 (Hanged for crimes committed)
I fully understand why people get very defensive whenever any acts by supposedly good Americans are compared to Hitler and Nazi Germany, but when considering the rapid descent into abject Socialism in this country during the past 12-14 years, could it be time to take the gloves off and realize we seem to be following in the footprints of history?
Oh, we are nothing like the Nazi’s—I hear the chorus now. BUT—the president can order the death or imprisonment of an American Citizen without a trial. (National Defense Authorization Act-2012) We have socialized medicine. (Obamacare and Dubya Bush’s Part D Medicare Plan) Our Bill of Rights has been eviscerated. (Patriot Act, Department of Homeland Security) Please name one of the above that in any way conflicts with the principles of Nazi Germany.
Is it just coincidence that Adolf Hitler used the term “protect the Homeland” in the speech when he created the Gestapo and George W. Bush used the exact same phrase in his news conference after 9/11? Good arguments could be made on both sides I am sure.
The crucial issue here is the failed concept prevailing among many in our country that whatever the government says, whether they say it through enacted legislation or regulation by some government bureaucracy, it is to be treated as gospel and obeyed without discussion. Whether we are like Nazi Germany or rapidly getting there, the basic premise that government is the almighty is the vehicle which leads to destruction of Liberty and Individual Sovereignty and the advent of heinous crimes by the government.
We have a local representative here in Colorado who has stated publicly that “no law is unconstitutional until the Supreme Court says it is.” We also have a candidate for Sheriff who says that all laws that emanate from the government will be enforced should he become Sheriff. Both happen to be Republicans, but, for the sake of brevity, we shall skip over a broad discussion of that point in this offering.
To believe that the people who created our government through our states were to become its slaves and subject to its every whim would have been a real surprise to our ancestors who voted in the various State Ratification Conventions to approve this form of government, for they were told if they voted to ratify our Constitution, the exact opposite would be true.
The real question is: do those who advocate the government must be obeyed regardless of the law passed, or regulation written, do so from a true philosophical belief or from sheer ignorance of the Constitutional principles they have sworn to “uphold and defend from all enemies, foreign and domestic?” How does one in good conscience take a sacred oath to uphold and defend the Constitution and Bill of Rights and then claim they will uphold, defend and enforce any law passed by government? Another question is: do they have a working knowledge of the Constitution that would enable them to know the difference?
I will offer below, as a classic example of a person holding a very important position in government, publicly claiming they are not qualified for the job they were elected to, while all the while being too ignorant to know they are making such a confession publicly. First, though, let’s take a look at the office of Sheriff here in Colorado.
The Office of Sheriff in Colorado is created by our Constitution. Colo. Const., art. XIV, sect. 8. The Constitution does not enumerate particular duties of Sheriffs. Colorado statutes do specify various duties for Sheriffs, most of which are restatements of the Sheriffs’ traditional common law powers and duties. For example: “to keep and preserve the peace in their respective counties, and to quiet and suppress all affrays, riots, and unlawful assemblies and insurrections”; to “act as fire warden of his or her respective county”; to “appoint some proper person undersheriff”; and so on. Colorado Revised Statutes sect. 30-10-501 et seq. Nothing in the list of statutory duties requires Sheriffs to enforce every state statute or any federal law for that matter.
In Colorado, our Sheriff’s take a very simple oath of office:
“I, …….., do solemnly swear that I will support the Constitution of the United States, the Constitution of the State of Colorado, the Ordinances of …….. County and that I will faithfully perform the duties of the Office of County Sheriff, of the County of …….., State of Colorado, upon which I enter.”
This oath is in the form required by the Colorado Constitution, Article XII, sect. 8. which reads as follows:
“Every civil officer, except members of the general assembly and such inferior officers as may be by law exempted, shall, before he enters upon the duties of his office, take and subscribe an oath or affirmation to support the constitution of the United States and of the state of Colorado, and to faithfully perform the duties of the office upon which he shall be about to enter.”
There is absolutely not to be found in the Oath of Office or the Articles of the Colorado Constitution anything that states the Sheriff must uphold and defend the laws of the state of Colorado or the United States. Could it be that since the Sheriff swears to uphold and defend the Constitutions of Colorado and the US, that that covers any and all laws that are created “in pursuance” of the constitutions, and the occupant of the office of Sheriff is presumed to have a working knowledge of both in order to determine if those laws are indeed constitutional? Is not each person who takes that solemn oath not equally responsible for assuring to those whom they serve a strict adherence to the principles of those documents and to “uphold and defend” them against any unconstitutional edicts submitted by either government? Is it possible to be faithful to one’s oath while at the same time enforcing clearly unconstitutional laws?
Here are excerpts of a letter written by a sitting Sheriff of Colorado (not from our county) in January of 2013, relative to the issues of the Second Amendment; written on official county letterhead, displaying his ignorance of his sacred oath and a proud (to him) display of sufficient evidence to illustrate his incompetence for the office of public trust he holds. (My comments in italics)
“Although I have great respect and admiration for each of my colleague sheriffs and police chiefs across the country, I take exception with the handful of public servants who have suggested that they would reject enforcement of any “unconstitutional mandates,” specifically related to the Second Amendment.” (How can one have a valid, enforceable law that contradicts the Constitution?)
“If an issue were to be arbitrarily deemed “unconstitutional,” the decision to curtail further enforcement responsibilities would be in direct conflict with the concept of the balance of powers, as defined by our founders.” (Ouch! Perhaps the good sheriff has never heard of one Thomas Jefferson, who stated: “My construction of the Constitution is… that each department is truly independent of the others and has an equal right to decide for itself what is the meaning of the Constitution in the cases submitted to its action…” Perhaps that is why they all take an oath to uphold and defend.”)
“Public safety professionals serving in the executive branch, do not have the constitutional authority, responsibility, and in most cases, the credentials to determine the constitutionality of any issue.” (Well, Sheriff, if you do not possess the authority, responsibility or the credentials to determine the “constitutionality” of any issue, you should immediately resign, for in your statement you admit to having little to no knowledge of the documents you swore to “uphold and defend.” Such knowledge would prepare you to possess the authority, responsibility and certainly the credentials which you wear on your uniform shirt, to determine the constitutionality of any act.” Your statement is a bold admission you do not have the knowledge necessary to protect the rights of those who pay your salary.)
“The authority and responsibility to determine the legality and/or the constitutionality of a matter is to be accomplished by the judicial branch, as clearly defined in the Constitution.” (Gosh, Sheriff, sure do wish you would have cited chapter and verse on this bold but incorrect assertion. It would appear your lack of knowledge is quite extensive. Again from Mr. Jefferson: “Nothing in the Constitution has given [the judges] a right to decide for the Executive, more than to the Executive to decide for them. Both magistrates are equally independent in the sphere of action assigned to them.” And “To consider the judges as the ultimate arbiters of all constitutional questions [is] a very dangerous doctrine indeed, and one which would place us under the despotism of an oligarchy…The Constitution has erected no such single tribunal, knowing that to whatever hands confided, with the corruptions of time and party, its members would become despots. It has more wisely made all the departments co-equal and co-sovereign within themselves.”
And finally the Sheriff’s coup de grace: – “WE ARE A NATION OF LAWS.” (Factually, our founders never intended for this to be a nation, for our decisions are made through representatives and not in the aggregate, which is the very definition of a “Nation.” So, Sheriff, you are wrong on that count, and also we are not an anything “of laws.” We are a country with a Constitution and a Bill of Rights which defines what is and what is not constitutional. Laws do not decide for themselves if they are valid.”
If you are looking for a Sheriff like the one who wrote the above, there is one available on the ballot in November; one with an (R) beside his name. If you are looking for a Sheriff who understands his obligations to protect the rights of the people and also understands the gravity of the Oath of Office, you will be forced to make another choice.
I would remind you that Nazi Germany was a nation of laws; everything that Hitler did was within the laws of Germany at the time, and offer this quote from Jeremy Locke’s “The End of All Evil.”
“Law is a weapon. It is used by evil to attack its prey. Whether in the name of duty to king, loyalty to state, or rule of law, law is the weapon used to extort and control. Culture upholds the nobility of law. Culture teaches that law is proper and good. It never questions who wrote the law; tyrant and brother are the same. Culture never questions whether or not the law is right. You are to obey no matter what it says. In this fashion, law is a powerful weapon to be used against you. All principalities create volumes of laws that take lifetimes to understand and armies of lawyers to manipulate. All of these things are weapons in the hands of the powerful, which they will use at your expense.
Law holds value only to those who create it, and only because your culture demands that you obey it. The purest invitation to tyranny is your commitment to obey law regardless of what it says. Against you, the law becomes the perfect weapon. Whomever controls the law, controls you. Your worth is measured by the extent of your obedience.” (Emphasis added)
When anyone tells you that the “Law” must be obeyed, and will be enforced, please remember that there IS a choice: Liberty, or Tyranny and blind obedience; you decide. Should you decide to support the party favorite and the candidate endorsed by the local, socialist, bird cage liner, I take this opportunity to remind you of the words of Samuel Adams: “May your chains rest lightly upon you and may posterity forget ye were our countrymen.”
“Most human beings only think they want freedom. In truth they yearn for the bondage of social order, rigid laws, materialism. The only freedom man really wants, is the freedom to become comfortable.”
“Enlighten the people generally, and tyranny and oppressions of body and mind will vanish like evil spirits at the dawn of day . . . . I believe it [human condition] susceptible of much improvement, and most of all, in matters of government and religion; and that the diffusion of knowledge among the people is to be the instrument by which it is effected.” Thomas Jefferson, April 24, 1816 (to Dupont de Nemours)
July 13th, 2014 by olddog
The USA is in the failure phase of Empire-USA. As I note in my analysis of Empires they ALL suffer failure due to; 1) spending and debt cost for the wars needed to grow and maintain the empire, 2) cost of social welfare and business subsidies to keep the people and business managers happy (and help keep the ‘leaders’ in power), and 3) social decadence due to reliance on government welfare which leads to riots if they are reduced or ended (especially food). Spending and debt for the current “Welfare-Warfare State’ has been at dangerous levels since the 1980s. The ‘hockey stick; increase started in 1971 when Nixon cancelled the dollar’s link to gold. Since then, billions (now trillions) of new dollars were created to pay bills, which creates ‘monetary inflation’ and reduces the value of the US Dollar (USD).
This fake money has distorted our economy, and excessive imports (paid with newly printed dollars) have caused jobs and factories to be ‘off-shored’. Jobless folks are nearing the riot stage as their savings and patience disappear. Sensing this, the Dept. of Homeland Security, and other parts of federal, state and local governments; including the army and police, have stocked-up on guns, ammo, and armored vehicles to fight rioting citizens. It would be better if the governments stopped the riots by not doing the harm described below! The ‘leaders’ prefer to brand complainers as ‘terrorists, traitors, etc.’ when they complain about illegal and immoral government acts at home and abroad. I call them Patriots for seeking honest, legal, and moral government. Secrets about illegal acts should be exposed, not protected!
I list below some of the key indicators that we are in decline, will cease being the top world power, and just be ‘a medium power’ like prior major powers England, France, Spain, and Russia. Most activists agree that China will replace us in our economic, monetary and military dominance.
1. War: As shown in my article (http://www.activistpost.com/2010/12/13-lies-abbreviated-history-of-us.html#more) all of our wars since the 1776 Revolution have been for economic, political and military gains, not defense, and were started on lies by the President. The problems and causes of our decline discussed in my Sep. 5, 2013 article (http://www.activistpost.com/2013/09/empire-usa-is-crashing.html#more ) have gotten worse, as predicted, and are discussed below.
2. The World’s Reserve Currency: Worldwide dominance of the USD started after WW1 (the British pound declined), and escalated with the Bretton Woods world monetary agreement in 1944, which made the USD the ‘official’ world reserve currency, with gold set at a fixed value of $35 troy ounce. The world’s reserve currency is defined as; 1) banks hold it as their reserves; good as gold, and 2) most international transactions use it (USD was 70%, now 60%; yen, Swiss franc, and Euro have most of the rest) as a convenience (saves having many types of currency on hand). Thus, as issuer of the world’s primary reserve currency, we are the only nation that can pay its’ bills with newly created money. Charles De Gaulle called it our ‘exorbitant privilege’. Since 1974, when Kissinger made a deal with the Saudis, all oil has been paid with USD (called ‘petrodollars’) which has provided support for our fiat USD (no redemption for gold since 1971), but that support, and thus the purchasing power of the USD is fading as nations tire of dealing with the declining value and political rules of the USD.
3. FATCA: A recent big jab was the start of our ‘Foreign Account Tax Compliance Act’ (FATCA) on July 1, 2014 (and more in July, 2015), which seeks to capture unpaid taxes from US citizens abroad, and imposes a lot of rules, reports, and possible fines, on foreign banks, How arrogant! Many banks are closing accounts of US citizens. They, and private firms, are also working with other nations to use their own currencies to avoid US dominance. This loss of demand for the USD will further reduce it’s purchasing power.
4. Spending and Debt: Politicians, especially those running empires, need lots of money to pay for wars and benefits to keep business managers (campaign donors) and voters happy. Dictators don’t need campaign donations, but they often fail due to riots, or hanging, by angry citizens. Our spending requires massive borrowing, and creation of new money (helped by item 2 above), to pay our bills at home and abroad. Our over $17 trillion in ‘admitted’ debt (plus unfunded liabilities such as pensions and healthcare, adding about $ 140 tn more!) exceeds our Gross Domestic Product (GDP) by about 5%, which is considered dangerous by any economist. The net interest (after interest income) on our debt is over $500 bill. per year and will soar to disastrous levels when (not if ) interest rates increase from our current fake low (1% area) levels.
Summary: How to protect yourself from the above decline: Most Investment Advisors continue to use traditional diversification of stocks, bonds, annuities, maybe some real estate, and ALL are denominated in the falling USD! I wrote this article (http://www.activistpost.com/2013/07/new-factors-in-personal-financial.html#more) to show there are two new elements of diversification; namely currency and legal jurisdiction (nation). Leaving the USD currency and jurisdiction is new to most investors, so requires thought and help. Look at: (http://www.activistpost.com/2014/01/internationalize-to-protect-and-grow.html) for information on how to Internationalize your assets. It will be interesting. Time may be short to avoid the USD collapse, and new US laws that can restrict access to your assets, add more taxes, and even confiscate them! Feel free to contact me at redickD@aol.com, or 608-469-8922 if you have questions. I can supply information, but not investment advice.
There is also decline is in the morals of our citizens and leaders. For example it is considered OK by most people to engage in ‘gang-theft-by-vote’, known as ‘tax the rich’, to force ‘others’ to pay for your own benefits (subsidized health care and pensions, ‘free’ K-12 education, unemployment insurance, etc.). They use terms like ‘fair share’ and ‘common good’ to justify the forced charity! Prior to FDR starting social security in 1935, and LBJ starting Medicare in 1965, most people were careful to maintain good relations with friends, family, and the community, because they might need help someday. This meant being honest, polite, etc. It also affected personal management of health care as to smoking, alcohol, drugs, and obesity. Now that the government gives people all types of benefits, people have less incentive to be ‘respectable’, and considerate of others. ‘Do your own thing’ and ‘get used to it’ were retorts that started in the 1960s. The need for, and pride in, ‘personal responsibility’ has declined. Now instead of 5 or 10% of our population receiving benefits (largely paid-for by others), we have well over 50% at least partly relying on the government!
Here are a few examples of our cultural decline.
1. Public Morals: In addition to more of traditional immorality such as lying, theft, immodesty, and fraud, we see; 1) more profanity and sex on TV (including family-watching hours; at least the French show it after 10pm), and 2) more fighting and excessive violence in pro sports. It used to be limited to ice hockey, but now we see fights in baseball, and basketball.
2. Personal Appearance
Obesity: Since the 1970s we have seen obesity expand (no pun) in both children and adults. The rapid increase (as to percent of population, and inches of fat) is not just caused by careless over-eating, but also because high-fructose corn syrup, which tends to produce fat, was adopted by bakeries and soft-drink firms because it is now cheaper than traditional sucrose. It is cheaper for two reasons; 1) the government subsidizes farmers to grow corn for production of ethanol fuel, and some is used to produce corn syrup, which is high in fructose, and 2) political import tariffs to increase profits (ie, charge US customers more) of our domestic growers of sugar-cane, and sugar-beets (and get their campaign donations), have made sucrose about twice the world price. This is a classic case of ‘unintended consequences’ of government meddling, and shows no signs of being terminated (too many donations and votes at stake).
Tattoos and Metal: Widespread (as to both percent of population and body!) wearing of; 1) tattoos and 2) metal pins and rings pierced in any part of one’s body, both started in the 1980s. These body deformations were once considered low-class, or embarrassing. I view this conduct as signs that more people don’t care what others think of them because it doesn’t matter. Of course ‘times change’ (no more maternity dresses, etc.), but I say these are examples of decline. People now do more weird things because it doesn’t matter much what others think of you!
I could add many more items, but I hope the above information makes the point: ‘We are a failing empire in both the economic and moral sense’. I show nine links below for articles on this subject by authors I respect. I hope the above article changes the habits of a few people and politicians. Let it be your guide in working and voting for good candidates in the big election coming in Nov-2016!
By: David Redick (BS-Eng., MBA-Economics) is an activist for peace and prosperity via better (less) government and free markets. Send comments to firstname.lastname@example.org
Read more at www.activistpost.com; click ‘Contributors’, scroll to ‘Contributing Writers’, then alpha to Redick. Also, see more at Part 8 in the left margin of Dave’s political site www.Forward-USA.org, and go to the Amazon.com ‘books’ section to see Dave’s books; Monetary Revolution USA, How to Protect and Grow Your Wealth, and Rebuild America Now.
1. A Culture of Delusion, by Paul Craig Roberts, Sep 27, 2012http://www.paulcraigroberts.org/2012/09/27/a-culture-delusion/
2. The 7 Steps You Need to Take to Protect Yourself—and Prosper— During the Coming Economic Meltdown; by Doug Casey , video-2014
3. Dead Souls of a Cultural Revolution; by Patrick J. Buchanan, August 23, 2013
4. How Times Have Changed; by Walter E. Williams, July 31, 2012 http://lewrockwell.com/williams-w/w-williams135.html
5. NOTHING TO LOSE; by James Quinn, November 5, 2013 ,
http://www.theburningplatform.com/ ( also see; www.seekingalpha.com )
6. Challenge to Our Beliefs; By Thomas Sowell www.tsowell.com , December 3, 2013
7. The Tribal Mentality; By; Adil Elias, December 03, 2013
8. The Menace and Immorality of the Welfare State; Prof. Richard Ebeling, Ph.D., Nov. 16, 2009
9. Gerald Celente, TrendsJournal.com, Nov. 3, 2013 Interview
July 12th, 2014 by olddog
Thomas Jefferson, the author of America’s July 4, 1776 Declaration of Secession from the British empire, was a lifelong advocate of both the voluntary union of the free, independent, and sovereign states, and of the right of secession. “If there be any among us who would wish to dissolve this Union or to change its republican form,” he said in his first inaugural address in 1801, “let them stand undisturbed as monuments of the safety with which error of opinion may be tolerated where reason is left to combat it.”
In a January 29, 1804 letter to Dr. Joseph Priestley, who had asked Jefferson his opinion of the New England secession movement that was gaining momentum, he wrote: “Whether we remain in one confederacy, or form into Atlantic and Mississippi confederacies, I believe not very important to the happiness of either part. Those of the western confederacy will be as much our children & descendants as those of the eastern . . . and did I now foresee a separation at some future day, yet should feel the duty & the desire to promote the western interests as zealously as the eastern, doing all the good for both portions of our future family…” Jefferson offered the same opinion to John C. Breckinridge on August 12, 1803 when New Englanders were threatening secession after the Louisiana purchase. If there were a “separation,” he wrote, “God bless them both & keep them in the union if it be for their good, but separate them, if it be better.”
Everyone understood that the union of the states was voluntary and that, as Virginia, Rhode Island, and New York stated in their constitutional ratification documents, each state had a right to withdraw from the union at some future date if that union became harmful to its interests. So when New Englanders began plotting secession barely twenty years after the end of the American Revolution, their leader, Massachusetts Senator Timothy Pickering (who was also George Washington’s secretary of war and secretary of state) stated that “the principles of our Revolution point to the remedy – a separation. That this can be accomplished without spilling one drop of blood, I have little doubt” (In Henry Adams, editor, Documents Relating to New-England Federalism, 1800-1815, p. 338). The New England plot to secede from the union culminated in the Hartford Secession Convention of 1814, where they ultimately decided to remain in the union and to try to dominate it politically instead. (They of course succeeded beyond their wildest dreams, beginning in April of 1865 up to the present day.)
John Quincy Adams, the quintessential New England Yankee, echoed these Jeffersonian sentiments in an 1839 speech in which he said that if different states or groups of states came into irrepressible conflict, then that “will be the time for reverting to the precedents which occurred at the formation and adoption of the Constitution, to form again a more perfect union by dissolving that which could no longer bind, and to leave the separated parts to be reunited by the law of political gravitation…” (John Quincy Adams,>The Jubilee of the Constitution, 1939, pp. 66-69).
There is a long history of American newspapers endorsing the Jeffersonian secessionist tradition. The following are just a few examples.
The Bangor, Maine Daily Union once editorialized that the union of Maine with the other states “rests and depends for its continuance on the free consent and will of the sovereign people of each. When that consent and will is withdrawn on either part, their Union is gone, and no power exterior to the withdrawing [state] can ever restore it.” Moreover, a state can never be a true equal member of the American union if forced into it by military aggression, the Maine editors wrote.
“A war … is a thousand times worse evil than the loss of a State, or a dozen States” the Indianapolis Daily Journal once wrote. “The very freedom claimed by every individual citizen, precludes the idea of compulsory association, as individuals, as communities, or as States,” wrote the Kenosha, Wisconsin Democrat. “The very germ of liberty is the right of forming our own governments, enacting our own laws, and choosing or own political associates … The right of secession inheres to the people of every sovereign state.”
Using violence to force any state to remain in the union, once said the New York Journal of Commerce, would “change our government from a voluntary one, in which the people are sovereigns, to a despotism” where one part of the people are “slaves.” The Washington (D.C.) Constitution concurred, calling a coerced union held together at gunpoint (like the Soviet Union, for instance) “the extreme of wickedness and the acme of folly.”
“The great principle embodied by Jefferson in the Declaration of American Independence, that governments derive their just powers from the consent of the governed,” the New York Daily Tribune once wrote, “is sound and just,” so that if any state wanted to secede peacefully from the union, it has “a clear moral right to do so.”
A union maintained by military force, Soviet style, would be “mad and Quixotic” as well as “tyrannical and unjust” and “worse than a mockery,” editorialized the Trenton (N.J.) True American. Echoing Jefferson’s letter to John C. Breckinridge, the Cincinnati Daily Commercial once editorialized that “there is room for several flourishing nations on this continent; and the sun will shine brightly and the rivers run as clear” if one or more states were to peacefully secede.
All of these Northern state editorials were published in the first three months of 1861 and are published in Howard Cecil Perkins, editor, Northern Editorials on Secession (Gloucester, Mass.: 1964). They illustrate how the truths penned by Thomas Jefferson in the Declaration of Independence — that the states were considered to be free, independent, and sovereign in the same sense that England and France were; that the union was voluntary; that using invasion, bloodshed, and mass murder to force a state into the union would be an abomination and a universal moral outrage; and that a free society is required to revere freedom of association — were still alive and well until April of 1865 when the Lincoln regime invented and adopted the novel new theory that: 1) the states were never sovereign; 2) the union was not voluntary; and 3) the federal government had the “right” to prove that propositions 1 and 2 are right by means murdering hundreds of thousands of fellow citizens by waging total war on the entire civilian population of the Southern states, bombing and burning its cities and towns into a smoldering ruin, and calling it all “the glory of the coming of the Lord.”
[LewRockwell.com, July 4, 2014]
For those who have read this essay, does your heart not expand with the lust for freedom? Does the adrenalin of freedom not make you light headed? Can any one deny that this is what we need to enforce on the corporate scumbags that rule our country? Yes I agree there would be many problems to solve if America was not a slave state to the Banksters, but how little confidence would one have to not pursue it? Who care’s if the Vatican has title from the Dead King of England. We did not have a problem when we thought we were taking it by force. SO WHAT’S WRONG WITH DOING IT RIGHT THIS TIME? For those who have not been educated yet, here is the real history of America.
The King of England had seeded America, along with All the Kings holdings and power to the Pope to recover his soul for the sin of Divorce. The Banksters were hired by the Pope to control the Governments, and now we are sucking hind tit as slaves to the corporations that have managed to control the Government. America is run as a profit producing business as witnessed by all the laws they use to fine us. It’s all one huge extortion racket that has expanded globally. Pretty soon we will have to get a permit to take a crap. Hint, Never go through an air-port without some change in your pocket, just in case Nature Calls.
June 29th, 2014 by olddog
By Joachim Hagopian
Global Research, June 28, 2014
In psychology our belief system shapes our perceptions of the world around us, in fact becoming our very sense of reality. Our primary caregivers, most often our parents, project their view of us and their world onto us and we in turn internalize their views as our own sense of developing self and world view. In this last century the influence of mass media has also come to increasingly shape our world and self-concept. As adolescents and young adults we often change and modify our perceptions of the world based on our own interpersonal experience particularly with peers and movement to finding resonance with a more authentic, individuated self in relation to our surrounding world. But with time and more adult experience often comes an existential dilemma and/or crisis if and when we encounter growing dissonance between what we thought we knew and changing reality input increasingly at odds with our old world view.
Currently in America and many places throughout the world many of us are undergoing a fundamental change in our belief system as we come to realize what we have been taught as reality turns out anything but. Many of us on the planet are currently undergoing a mind-altering, transformative shift in how we view life and our world, in effect causing a simultaneous global shift of belief amongst a sizeable portion of the earth’s population. An unprecedented shift is moving away from what we humans have traditionally and historically been told is the truth to a state of mounting disbelief, skepticism and doubt in what our political leaders, mainstream media and educational systems have been feeding us since we were young. Today more and more people around the globe are waking up to the new emerging reality and insight that what we have historically been taught, socialized and raised to believe politically as the truth is but a crock of outright bullshit.
Trends and polls in recent years have documented this shift in world view consciousness, consistently showing a growing distrust toward the federal government in both the US and Europe. The Edelman poll from January this year found that nearly two out of three Americans distrust their government and the Reason-Rupe poll from April 2014 indicates three out of four Americans believe their politicians are corrupt. Last October Pew Research Center discovered that more than four out of five Americans do not trust their own government either at all or most of the time, a near all time high level for measuring government distrust.
Declaring results from last month’s parliamentary election a complete and utter failure for the European Union to become “the next United States of Europe,” (as European Commission Vice
President Viviane Reding refers to her EU government), a surging backlash of vehement anti-EU voters from all over Europe sent fringe elements from both the left and right to Brussels with the specific agenda to get rid of the European Union once and for all. The voters’ ire was heard from the stagnant economy of France and austerity-wary Greece, through Denmark all the way to Britain. A strong push for Ireland to opt out of the EU is in process. Many residents in especially southern Europe hit hardest with severe austerity measures imposed by powerful Germany are blaming the continental government. Oil-rich Scotland is even leading a separatist movement seeking independence from Britain. Many Europeans expressed contempt for big government that they blame for high unemployment and failed policies deemed unresponsive to meeting their localized needs. Beyond the US and Europe, more citizens around the globe are growing angrier with their elected officials, realizing politicians’ priority is to serve the needs of their oligarch puppet master over the needs of their own people.
Similar negative sentiments toward mainstream media also represent an across the boards distrust toward corporatized media coverage of world events. Recently more people are seeking alternative online news sources for their information in response to growing public awareness that corporate media has become a mere extension of the government as its chief propagandist disinformation outlet. Even such traditionally prestigious and reputable newspapers like the Washington Post, New York Times and Wall Street Journal are now regarded as in-bed, embedded journalism fused with the government. As such, last year’s June Gallup poll indicated that a whopping 80% of Americans aged 21 to 64 find mainstream media lacks credibility. All these results reflect a growing trend that an increasing segment of both the US and global population has come to believe and accept that they are systematically and regularly lied to and misinformed by their corrupt leaders in both government as well as corporate media.
As products of their social and cultural environments, humans raised in the West have been victims of a massive global brainwash forced into a world of duplicitous dualism to “choose” sides, of course choosing the political side of their own nation, culture, ethnicity and/or religion, conned into automatically accepting that their nation/culture/religion is far more righteous and superior in comparison to others on the opposing side.
Since World War II those of us in North America have been dished the demonized view of Communist nations Russia and China, and now with cold war part two in full swing, they have come full circle again at our so called enemies. Then after the fall of the Soviet empire, and the 9/11 neocon false flag attack, came the new US manufactured villain Osama bin Laden and his band of evil bad guys, the al Qaeda terrorist network. Always those who appear most foreign and different from us are deemed the bad guys of the world.
Fortunately over time this oversimplified, black and white rerun version of the world has been challenged and exposed as jingoistic bias and distortion of how our complicated world actually is. Many of us have intuitively known all along that as members of the same human species, the striking similarities of our common human nature that bind us together far outweigh whatever differences in culture, skin color, nationality, political ideology, global region or religion. What many of us are increasingly realizing both here in America as well as in other nations around the globe is that we have been purposely and methodically lied to and manipulated for a very long time. The education system in America is more about socializing, programming and brainwashing young people into becoming obedient, mindless, robotic adults than learning any real truth or learning to cultivate and use their critical faculties to seek the truth amidst the world of illusion.
This “us versus them,” “you’re either with us or against us” dichotomy has been forever used as an artificial manmade device to separate humans into an in-group versus out-group duality. Unfortunately it has been operating nonstop ever since cavemen first emerged from their caves and encountered other human tribes. Through human migration and modern technology of air travel and most recently internet travel, more than any time prior in man’s relative short history on earth, Canadian communications philosopher Marshall McLuhan’s concept of the world seen as a “global village” has shrunk the earth into a here and now everyday accepted reality.
As a result, in recent years the world view of nations and continents has become somewhat more homogenized, made more accessible by mass media technology that transcends both geography and culture. Learning and communicating with people from diverse cultures and backgrounds have brought the world closer. That said, conversely the earth today is geopolitically moving rapidly toward more fragmented polarization, driven by a single globalization economy owned, controlled and operated by a global oligarchy. Its perverse vision of a New World Order currently has much of the global population brainwashed to fear, mistrust, hate and kill each other with unparalleled potential. But not all of us are being fooled by such divisively spun projections from a shadowy elite madly pulling their deceptive spin levers cloaked behind their gold curtain. An honest look at what is actually happening now around the world exposes the oligarch agenda to purposely increase worldwide tension, division and conflict.
Last February’s notorious power grabbing political coup pulled off by the US in Ukraine installing a weak, corrupt and vicious fascist government certainly was no accident. Neither was the IMF loan immediately slapped on the Ukrainian people. Neither is the current civil war raging in eastern Ukraine where government forces are committing war atrocities and ethnic cleansing against a majority population of ethnic Russians. Nor for that matter is the ongoing political crisis occurring this entire year long in Venezuela a mere random accident.
By carefully orchestrated design, the US-EU-NATO alliance is obediently carrying out the oligarch high command to destabilize, polarize and militarize every continent on earth, pitting regional adversaries against each other in a global offensive with the West jabbing and baiting the East into military conflict from the Arctic to every corner of the globe. Right now in Asia tensions are mounting between China and North Korea on the one side and on the other US allied neighbors Japan, South Korea, Philippines and Vietnam where a new US naval base is planned.
Then there is the perennial hotbed of a mess exploding right now in the Middle East. The same war pattern has been raging in Syria, Iraq, Afghanistan and Libya. And with covert predator drone operations likewise going on for years in Pakistan, Yemen and Somalia, the US is extending its imperialistic military foothold and hegemony further south with Special Operations stretching deep into Sub-Saharan Africa.
For well over three years Washington has been using US taxpayer dollars to arm, bankroll and train al Qaeda extremist militants throughout the Middle East and Africa to fight as its proxy mercenaries against Syrian leader Assad’s government forces as an obvious precursor to launching war against Syria’s foremost ally Iran. Obama just pledged another half billion dollars in arms to those same al Qaeda rebels in Syria.
But recently with the Syrian army gaining the upper hand, Washington made the decision to seek yet another regime change in Iraq, sending the so called Islamic Soldiers of Iraq and Syria (ISIS) sweeping downward from Syria into Iraq, taking over every major city in that country except the Shiite stronghold in the capital Baghdad. A major bloodbath awaits as the sectarian civil war America created years ago shifts into bloody regime-change overdrive. The US is guilty of backing both opposing sides in Iraq, ISIS and its weak Maliki puppet government, not unlike how oligarchs back both Republicans and Democrats using the old, highly effective, deceptive divide and conquer strategy.
Of course a similar situation in Afghanistan has the Taliban enemy controlling most of the nation’s territory, waiting six more months for US troops to withdraw by the end of the year. The 9800 US designated soldiers left behind will supposedly be in an advisory role for the Afghan National Army. The US war on drugs has bolstered the pockets of both the US drug smuggling operation as well as raising millions of dollars for the Taliban cause that controls the poppy field heroin production. The current undoing of ten years of costly American war and occupation of Iraq will more than likely be replicated in Afghanistan in 2015 as the surging Taliban will then be closing in on the capital Kabul.
In the meantime, virtually every other so called Arab spring CIA-Special Ops-induced regime change has been disastrous for the native populations. For example, in Egypt a third US supported government is run by an over-the-top, oppressive military dictatorship. Meanwhile, the US has created a highly chaotic, lawless, and violent failed state now in Libya. The oligarch planetary vision of destabilizing every Third World nation on earth is currently working according to plan now at an accelerated pace.
In recent decades America has moved from a corporatized pseudo-democracy to a full fledge oligarchy where oligarchs owning the most powerful transnational corporations have merged with virtually all national governments, regardless of ideology and culture. More than ever these days, money buys power. No longer does the US President, the US Congress, nor the US Supreme Court represent the interests of the American people but as hand-picked players operating within a corrupt oligarchy, they are all beholding to the powerbrokers that have made them their political puppets in charge of doing their evil bidding. As such, virtually all of the key political players today are treasonous traitors guilty of betraying the US Constitution that under oath they all swore to protect and uphold, and also betraying US citizens for failing to represent the very people who voted them into power.
Through the process of globalization and privatization, a parallel process to America has been unfolding with nearly every nation and national government on every continent on earth. Deploying US-EU-NATO power, the oligarchs have had their way with all governments. Thus the people on this planet have little to no say or power over their lives since a morally bankrupt global economic system of indentured servitude and slavery keep people drowning in insurmountable debt. These days people find themselves working longer and harder for less money just to keep a roof over their heads and food on the table for their families. However, in this growing era of severe global austerity and impoverishment, increasing pressures of providing for their families have too many people barely able to survive, and regretfully many around the globe are not.
Mounting inequality and disparity between the rich and poor are also accelerating to unprecedented levels globally. The elite 1% of oligarchs and their power-broking stewards continue growing exceedingly richer at the expense of the rest of us have-nots on the planet. War, poverty and illness are becoming the new normal far beyond Third World nations. EU countries throughout southern Europe as well as the US are on an ominous fast track to economic collapse. Led by cold war enemies and strongest BRICS nations Russia and China, a growing international movement is afoot to dump the US dollar as the standard international currency, which amounts to an approaching fiscal cliff for America.
Over 40% and rising of America’s adult working age population have not been working when the real unemployment rate include the growing masses who stopped looking for jobs that no longer exist for them. During the last couple decades, mothers as single parents have been struggling to raise America’s children, for the first time replacing the two parent nuclear family as head of household majority. More than half of US adults up to age 25 still live with their parents. But due to increasing financial necessity, a growing trend of even older adults and their children are being forced to move back in with parents at never before seen rates. US college students and young graduates today are mired in college loan debt now exceeding a trillion dollars, as of 2010 even surpassing the nation’s credit card debt. Upwardly mobile progress is long gone in America as the younger adult generations now for the first time can no longer expect to enjoy the same higher standard of living as their parents. The fast changing sociological economic dynamics of the family structure and how younger generations of Americans are being raised in an increasing climate of uncertainty and despair is far different and far bleaker than all previous generations throughout American history.
Without a manufacturing sector left in the US and a decimated middle class from funding an overstretched American Empire waging too many wars around the world, America is a debtor nation dependent as a consumer society on cheap outsourced products mostly from China. US permanent war policy with its conveniently fabricated “war on terror” has drained the middle class during a severe recession still floundering without recovery, chiefly caused by greedy banksters and Wall Street criminals who further gouged already emaciated taxpayers with enormous “too big to fail” bailouts. The national priority in the US has clearly been to not take care of its own citizens but instead wage the longest running wars in US history to ensure that the military security complex as the sole profiteers of war get filthily richer while reeking havoc all over the world with destabilizing regime changes, massive death and global destruction.
Meanwhile, the overburdened middle class shrinks to an all time low as the poor in America reach an all time high while decaying inner city war zones and rotting domestic infrastructure remain long neglected disasters waiting to happen. As a result of all this blatant theft, gross mismanagement of dwindling resources and pervasive criminal malfeasance, America is hopelessly stalled and a long ways from recovering from the 2008 bubble burst. Since 2008 the world’s total government debt has increased by 40% while the largest bailed out banks have grown by a hefty 37% just in the last six years alone. Yet for all its criminal theft and human suffering caused, not one bankster or corporate executive has been indicted or gone to prison for nearly bankrupting the richest, most powerful nation on earth.
Meanwhile, predatory worldwide IMF and world bank loans have opportunistically straight-jacketed Third World nations into debts they have no chance of repaying, leaving them defenseless against their homelands being plundered by predatory privatizing transnationals bent on extracting and stealing every last ounce of underground natural resource available on the planet.
This calculated, sinister process of globalization, privatization and increasing militarization bringing more wars to the planet is all part of the preplanned oligarch agenda to literally squeeze the life out of the world’s population of seven billion people, eugenically thinning the human herd down to anywhere from just a meager half to one billion people. This means that up to 13 out of 14 of us currently living on planet earth right now are slated to be mass murdered within the next few years. This is how the oligarchic plan for a New World Order will be fulfilled, complete with implanted micro-chips in the less than a billion people left on earth as the calculated number of humans still needed to serve as the oligarch’s subservient lackey class. This is their diabolical agenda currently being methodically executed to make life on planet earth over the long haul more sustainable for them and them only.
With all this increasing theft, death and destruction on every continent reaching such an explosive, unprecedented scale where World War III is all but impending, by now every alert citizen of the world should recognize what a handful of wealthy oligarch families have been doing for centuries to this planet – manipulating and enslaving the global masses through centuries of imperialist empire hegemony and controlling international economies at will though war making.
How can so few number of humans control and willfully destroy so many humans? Very evilly as psychopaths. But then they have had centuries of practice, skillfully, secretively operating in back shadows, using their puppet front men as their government leaders to lie constantly to the people. And of course for quite awhile they have had mass media bombarding us with nonstop lies, propaganda, disinformation and deceit just to make certain populations are kept in the dark. Today with big sports, video games, celebrity worship and digital toys galore, their ploy is to keep the masses distracted and ignorant of what has been really going on for a very, very long time. Through whitewashed history books that purposely cover up this same dark truth through the ages, Americans have long been brainwashed and mesmerized into accepting their illusion of democracy, equality, freedom and justice, but for only a few, not all of us as we were always led to believe.
But as demonstrated most recently by the world focus on the latest annual Bilderberg gathering in Copenhagen, the oligarchs are unable to pull the strings from afar any longer without our noticing. Though they wield ultimate power over all the most prominent governments and corporations on earth, there are seven billion human beings who are beginning to wake up now and are onto their evil agenda. Oligarchs taking notice and fast becoming nervous as their Oz-like curtain is finally being lifted once and for all. And behind that curtain we find a handful of wrinkled, prune faced, feeble old white men who look like Mr. Burns on the Simpsons still calling all the shots, but ultimately exposed naked like never before. With more and more of us world citizens every single day becoming aware of their vicious and heinous crimes against humanity, against all of us on this earth, like never before we are in a unique position of burgeoning power to call them on their diabolical plan and evildoing.
We have at our collective disposal much more power than we even know at this relatively early stage of mindful resistance. As globally aware, ethically-motivated, humane and compassionate citizens of the world, we possess the opportunity to finally break free of the shackles that have stifled and enslaved humanity for far too long. Overwhelming similarities are currently binding us earthlings together as richly diverse members of the same humanoid family as well as like minded world citizen-activists committed to doing our collective active best in bringing about peace and justice to our ailing, only planet, before the handful of hugely outnumbered oligarchs destroy everything we hold most dear and sacred. It is up to us ordinary decent people to recognize the truth and bravely act on that truth in unified solidarity for the sake of preserving life on earth in the way that God intended. Again, our beliefs and our actions will determine our reality.
Joachim Hagopian is a West Point graduate and former US Army officer. He has written a manuscript based on hisunique military experience entitled “Don’t Let The Bastards Getcha Down.” It examines and focuses on US international relations, leadership and national security issues. After the military, Joachim earned a masters degree in Clinical Psychology and worked as a licensed therapist in the mental health field for more than a quarter century. He now concentrates on his writing.
Copyright © 2014 Global Research
CONGRATULATIONS! You have just read the most concise 3707 words I have ever re-published. You are one of the few people left in America who had the itch to know what has been nagging at your mind, and you just found out. Now,,,,,,,,,,,,,,,,,,,,,, what are you going to do with your new knowledge?
May I humbly suggest you may be one of those who have already gained creditability by your education and work history, which is what it takes to get peoples attention, and respect. So now, how about considering this suggestion! Study the rest of the archives on http://anationbeguiled.com and http://anationbeguiled.wordpress.com to round out your intellectual base and START THINKING ON HOW YOU CAN INSIST THAT YOUR COUNTY AND OR CITY LEADERS DO THE SAME, SO THEY HAVE NO EXCUSE TO REFRANE FROM TAKING ACTION, AND EDUCATING THE PEOPLE. We either educate millions of people before the next election, or we are toast. America as we knew it will be dead. We need millions to refuse to give up their freedom by non participation in their deadly program of absolute control and, Run the Bankers off the planet!
TO KILL A SNAKE, CUT OFF ITS DAMN HEAD!
June 27th, 2014 by olddog
By Julian Websdale
Guest Writer for Wake Up World
World politics today is governed by the Vatican, but also by the Crown Empire. The modern world of so-called Western Civilization began at the end of the 17th century with the blossoming of the British Empire. That empire actually began several hundred years earlier with the establishment of the City of London, which is now an 800-year corporation that controls finance from an entity called ‘The Crown’. This entity is the creator and controller of the Bank of England, the US Federal Reserve, the World Bank (IMF – International Monetary Fund), The European Union, and various cartels and corporations across the earth.
The Crown Identity is kept most secret, and The Crown Bank of England took and assumed control of the United States during the Roosevelt Administration (1901-1909) when its agents, who were really Crown agents (J. P. Morgan), took over 25% of American business.
The Crown has never been the King or Queen of England since the establishment of the corporate body, but the British Monarchy is a figurehead for The Crown, rules parliament in Great Britain and has authority over the Prime Ministers through a Vatican knighthood called the Order of the Garter. The Crown, however, is not the King or Queen of England – they are an established monarchy of the corporate body.
The Crown is the directorate of the corporation, and Great Britain is ruled by The Crown, the City of London which controls the Bank of England – a private corporation. There is a private state existing in Britain within the centre of London. This City, located in the heart of Greater London, became a sovereign-state in 1694 when King William III of Orange privatized the Bank of England, and turned it over to the Vatican banksters who today rule the financial world.
The City/The Crown Corporation is not subject to British Law; it has its own courts, its own laws, its own flag, its own police force – exactly like the Vatican city state and Washington DC Columbia. The Crown Corporation is also separate from the Metropolitan city; its police drive red police cars and their uniforms are different from the Metropolitan Police.
Also, The Crown in London houses the privatized Bank of England and Lloyd’s of London, the London Stock Exchange, and all British Banks. It also houses the branch offices of 385 foreign banks, 70 US banks, as well as Fleet Street newspapers and publishing monopolies. It controls the world media and world intelligence. It is out of The Crown City of London, the headquarters of British Freemasonry overseen by the British Monarchy and the Duke of Kent, that World Freemasonry is governed. This includes the Grand Orient Masonic Order and the Washington DC Scottish Rite.
In 1945 the Bank of England was nationalized by the Labor Government, and is allegedly no longer a private bank, although it governs the US Federal Reserve. It is ruled over by the Rothschild’s, who are bankers for the Pope – guardians of the Vatican Treasury.
The City of London also has its own Lord Mayor, different from the current Mayor, who has the power in The Crown Corporation. When the Queen wishes to conduct business in the City, she is met by the Lord Mayor at Temple Bar. Temple Bar and their associate franchises come from what is called the Four Inns of the Temples of Court – the Inner Temple and the Middle Temple. The logo of the Inner Temple is a white horse on the sunburst seal of the Jesuit Order. The white horse is a symbol of the British Empire / Order of the Garter / Crown Corporation, and is the same white horse which is the symbol of the CFR (Council on Foreign Relations). The white horse is a Jesuit symbol – Pegasus. It is the Jesuit Order that governs the Honorable Society of the Inner Temple. The Inner Temple is the core group that governs the City of London Corporation.
The whole Earth is governed by The Crown, through Crown Colonies which belong to The City – The Crown Empire. It governs Africa and still governs China and India. The colonies of the Earth are really just Crown Colonies – The United States of America are states of The Crown.
This being said, however, it is vitally important to remember the following. The Crown Empire uses commercial law (aka international maritime law, or law of contracts) as its means of control. This law does not apply to sovereign, free men and women.
Your name, when spelt out in all capital letters – as in JULIAN WEBSDALE – is a corporation, a trust set up by the government through the treasury department at your birth. Every time a child is born, a corporation/trust is created using his or her name in all capital letters. They do this because governments are corporations and they operate under commercial law, the law of contracts. The laws passed by governments only apply to corporations and not to living, breathing, flesh and blood sovereign-free men and women spelt in upper-lower or all lower case, as with Julian Websdale, or julian websdale. The living, breathing sovereign man and woman is subject to common law, not the commercial law introduced by governments through legislation.
http://www.youtube.com/watch?v=_IB15IE1JC0 [October 2013]
Previous articles by Julian:
About the author:
Julian Websdale is an independent researcher in the fields of esoterica, metaphysics, and mysticism. His interest in these subjects began in 1988, at the age of seven. Julian was born in England and received his education as an engineer from the University of Bolton. Julian served in a Vaishnava monastery, and has traveled to over 14 countries since 2012. His work creates enthusiastic responses from inquiring minds across the world.
Follow Julian on Facebook and Twitter, or visit his blog.
June 24th, 2014 by olddog
By Tyler Durden
Orighinally posted at Economic Noise blog,
A country dies slowly.
Those living during the decline of Rome were likely unaware that anything was happening. The decline took over a couple of hundred years. Anyone living during the decline only saw a small part of what was happening and likely never noticed it as anything other than ordinary.
Countries don’t have genetically determined life spans. Nor do they die quickly, unless the cataclysm of some great war does them in. Even in such extreme cases, there are usually warning signs, which are more obvious in hindsight than at the time.
Few citizens of a dying nation recognize the signs. Most are too busy trying to live their lives, sometimes not an easy task. If death occupies their mind, it is with respect to themselves, a relative or a friend. Most cannot conceive of the death of a nation.
A Country Dies Slowly First
For those interested, signs or symptoms precede death for a country often as they do for a person. There is a pattern that involves the following:
1. The Economy
Economically, people become poorer. It becomes harder to feed a family. Economic growth stalls and then reverses. Work opportunities decline. Disincentives to work rise as government tries to ease the burden on the unemployed and lower skilled. These efforts require more revenues which means higher taxes or debt financing. Disincentives to create jobs are magnified by attempts to address the problem. Higher taxes and other burdens are imposed on the productive making work less attractive.
The response should not be surprising. Capital flees first. It goes to areas where adequate returns are still available. Jobs are created but not in the host country. Finally a “brain drain” begins. Talented people leave the country for places that offer greater opportunity. In the case of the US, to escape US taxes these people must renounce their citizenship. Citizenship renouncements are currently at the highest levels in the history.
The flight of capital, both real and human, further lowers standards of living. Signs of stagnation become more apparent. They may begin as seemingly benign as roads which have too many potholes. “For rent” signs are seen more frequently. Classified job ads decrease. “Going out of Business” sales are no longer marketing gimmicks.
Initially, people dig into their savings or begin to borrow in order to retain their standard of living. Most believe it is a temporary situation. Eventually bankruptcies increase. Strip or full malls close. Large areas like Detroit become close to uninhabitable.
These conditions characterize the beginnings of the decline. As the decline continues, things get much worse.
2. The State
The State is threatened by a decline. Generally it moves into full pretend mode. Three behavioral traits characterize its behavior. The State must convince citizens:
- things are not as bad as they seem.
- the State is not responsible for the situation.
- the State must do more (grow bigger) in order to solve the problems.
Statistics issued by the State are fudged to convey a false image of well-being. Government spending soars in an effort to juice reported economic activity. Much of the spending is unproductive in terms of providing things that would have otherwise been bought. It is also counterproductive to a proper functioning economy as price discovery is disrupted and consumer and investment decisions are based on false signals.
Incentives are provided to encourage people to live beyond their means. Debt appears nearly free and readily available. Bubbles occur and then burst. New bubbles are necessary to replace old bubbles. People and businesses are encouraged to make imprudent decisions, all in the attempt to make the economy appear better.
The State has one objective and that is to remain in power. Laws and regulations multiply at ever faster rates. Tyrannical rules and legislation are passed under the pretense of protecting the people against some threat. In reality, these laws are passed to protect the leaders against the public when they finally understand what has been done to them.
“Bread and circuses” increase to divert peoples attention from the developing problems. Dependency increases reflecting an attempt to placate the masses. A “wag the dog” war or crisis is often used as a means to rally the public against some phony enemy.
Society becomes coarsens as this process progresses. People increasingly are unable to provide properly for their families. Some desperately turn to unethical behavior, even criminal acts. Common decency declines.
The regulations imposed from above reduce the sphere of voluntary interactions between people. The government decides more and more what you must do, when and how you must do it. What you can say comes under attack. Finally how you must live is increasingly determined.
Free markets are slowly replaced by a command and control ordering of society. Coercion displaces freedom as the coordinating force for society. People increasingly do what they must rather than what they want.
Interest groups, i.e. politically preferred constituents, created in good times don’t demand less when there is less available. The inability to meet their demands creates political strife and eventually civil problems. Honoring their demands divides society even more. Not honoring demands may produce rioting and civil unrest.
Societybecomes increasingly divided in terms of the “makers” and the “takers.” As the takers grow in numbers, the makers shrink in numbers. Soon the parasites overwhelm the productive. Society collapses at that point.
Are The People Aware?
The United States, the once beacon of freedom and wealth, shows advanced deterioration in all three areas above. The rate of deterioration is accelerating. To paraphrase Ernest Hemingway’s response to a bankruptcy question:
How did your country die? Two ways. Gradually, then suddenly.
Do people understand what is happening to them and their country? I suspect they are not aware of the full consequences. Most people are not trained to think in these terms, nor should they be. For most of us, it is a chore to get through each day. That is true of the dullards and the brilliant, for most of us end up at levels that tax our abilities.
People sense there is something wrong even though they may be unable to identify what that something might be. Many probably believe that whatever is happening is temporary, sort of like an economic slowdown that reverts back to normal. For them, it is tighten the belt until the good times return.
The results from a recent Gallup poll are interesting and illustrate the increasing dissatisfaction:
Numerous observations could be made regarding many of these institutions. All have decreased in favorability. Gallup was definitive in this regard:
The current 7% of Americans who place confidence in Congress is the lowest of the 17 institutions Gallup measured this year, and is the lowest Gallup has ever found for any of these institutions. The dearth of public confidence in their elected leaders on Capitol Hill is yet another sign of the challenges that could face incumbents in 2014′s midterm elections — as well as more broadly a challenge to the broad underpinnings of the nation’s representative democratic system.
The poll is not a direct measure of the health of the nation. However, it provides a very negative composite of public satisfaction. People know they are unhappy even if they don’t know the cause of their unhappiness.
This confusion and distrust always precedes the death of a nation.
June 18th, 2014 by olddog
We’re always following the world’s economic trends and searching for the market-moving insight that everyone else has missed
By Dave Hodges
Even if Putin and Obama fail to realize the obvious, they are playing for the same team in a script that has been written for them to play out. The script will culminate in World War III.
The grand master controlling the world’s central banks needs World War III to happen. They need a war to unify the planet, socially, politically, economically and religiously. We are soon to learn the meaning of the popular NWO phrase, “Out of chaos comes order”.
The Death of the Dollar Is the Motivating Force Behind WW III
Russia is bleeding the Petrodollar dry by leading the BRIC nations in the purchase of Iranian oil for gold. The same situation is emerging in Europe as Russia is on the verge, either by invasion or by proxy control of Ukraine, of controlling a good portion of energy needs supplied to Europe, this coming winter. If Russia is able to bypass the Petrodollar as a means of payment for Russian energy shipments into Europe, Russia will destroy the United States economically.
Russia recently completed a deal which brings China into the Russian energy sphere of influence. If Europe becomes totally dependent on Putin supplying gas to Europe this winter, this will eventually culminate in the weakening of NATO and the isolation of the United States both economically and militarily if the United States fails to act decisively. And with China’s partnership, Putin has added muscle to back up his actions.
Putin and Obama Are Playing On the Same Team
What does Russia want and what will be its eventual goal? Some believe that Russia wants to occupy the United States and perhaps Putin eventually does, but it is not practical at this particular point of time. Economic attrition and military isolation are Putin’s best friends at this time. After all, the US is in possession of over 2,000 nuclear weapons and 72 nuclear armed submarines which are virtually undetectable. Despite the presence of these American deterrents, do not be lulled into a false sense of security, this cold war will soon turn hot and I find myself in agreement with Doug Hagmann on where this war will start and what forces will be involved.
Putin Is a Cult Hero
Putin is developing almost a cult following among some people in the alternative media. To them, he represents a man with the force of conviction to tell international banking where to go and what to do when they get there. On the surface, Putin champions Christianity, professes disdain for the gay agenda and almost sounds like a conservative as he is reading from the past scripts of Ronald Reagan.
Putin is no conservative, he is an evil despot who abused his ex-wife, imprisons enemies and murders journalists who expose his duplicity. To these misguided analysts and Putin supporters who believe that he has succeeded where other world leaders have lost their lives (e.g. JFK, Hussein, etc.), he has become a cult hero. As romantic and appealing as a superhero may be who will ride in and save the world from the evil bankers, nothing could be further from the truth when it comes to Putin. Whether Putin realizes it or not, he is doing the complete bidding of the big boys at the Bank of International Settlements (BIS) and everything is moving right along according to plan.
The World’s Banking Hierarchy
In order to understand the present crisis, one has to understand how modern banking is organized. There are three distinct levels of hierarchal power associated with international banking.
On top of the pyramid, is the BIS. They set policy for the central banks and they control the relative value of all the national currencies. They literally have the power of life and death over all central banks.
Central banks, such as the Federal Reserve and the Bank of London, occupy the second level of power. In turn, the central banks control virtually every government on the planet. So, when it is said that “all wars are banker wars”, that axiom is correct.
At the third level, on this hierarchy, are the national banks and we know them as Bank of America and JP Morgan, etc. This is the side of banking that is visible to the majority of the public.
Central Banks and National Banks Are On Death’s Ground
The BIS has utilized the strategy of Sun Tzu and has placed its central bank minions on death’s ground. To Sun Tzu, being on death’s ground means that one is backed into a corner and either the cornered party fights and wins, or they die.
Several years ago, the BIS devised a plot to gain an irreversible hold on the central banks and that was through the introduction of the derivatives scheme. Derivatives, based upon unregulated and wild speculation, mostly in the futures commodities market, had the allure of easy money for groups like the Federal Reserve and Wall Street. The derivatives strategy was based on the principle of all money games, “First man in and first man out wins all the money”. Unfortunately for the banksters, there were no first men out. The BIS created process led to a total debt of $1.5 quadrillion dollars which is about eight times the entire value of the planet. The BIS contrived a scheme that ensnared all banking.Why? The answer is contained in the following paragraphs.
Predictably, when the over speculated commodities price began to roll up as it does in any Ponzi scheme, the central banks and their third level national banks went running for their very economic lives! This was the sole reason for the bail-outs and the arbitrary banking practices we are seeing enacted across the planet as central banks are stealing bank accounts, retirement accounts and have declared that they own your money when you deposit it. This is why you should get your money out of the bank.
Where Does Putin Fit In to This Scenario?
This BIS plot was an evil, yet brilliant move, because it placed central banks on death’s ground. This desperation will lead to WW III.
Putin is feeling the pinch because he must monetize his vast material resources through the BIS. For Putin, the survival of the dollar represent economic death for his currency and economic system as it has for most planet’s economies since the inception of Britton Woods which made the dollar the world’s reserve currency.
Certainly, the Federal Reserve is in crisis mode as it spends all of its energy fighting to preserve the what’s left of the dollar. The control of the dollar is a big prize, because the winner will dominate central banking. For if Putin is successful in moving most of the world away from the dollar, the dollar and the United State empire will die. If the Federal Reserve prevails and reestablishes the power of the dollar, Putin’s economic empire will be subservient to the whims of the Federal Reserve. Putin and Obama are on a collision course towards World War III because this issue will not get settled without a fight.
Although America has 42% of the world’s millionaires, this could disappear overnight if the Federal Reserve collapses. To survive, the Federal Reserve desperately needs a war against the source of its economic distress and that means going to war with Russia as well as China, if need be. Virtually, every Western central bank is on death’s ground and the world is on a collision course for war.
Putin Is Winning So Far
In the present Petrodollar crisis, the central banks have failed to reign in Putin. Although it is true Putin is enriching himself with his access to vast mineral resources and this growing economic empire has convinced China, India, Brazil and South Africa (BRICS) to move under the Russian energy-based economic umbrella, Putin, however, cannot escape the fact that he must monetize his material wealth in order for him to participate in international trade. In order for Putin to monetize his wealth, he needs to remain a part of the Bank of International Settlement (BIS). Putin may not operate his own central bank in the same manner as the rest of the world, thus giving the illusion that he is independent of the boys from Basel, however, the BIS still controls the distribution of his purse strings and the dollar remains a threat to the Russian economy because the use of the dollar cuts most of the profit out of Russia’s energy trade.
Since Putin is under the umbrella of the BIS and Obama is under the umbrella of the Federal Reserve, who answers to the BIS, it is safe to conclude that Obama and Putin are controlled by the same forces. As nobody with any real knowledge of politics would accuse the Democrats and the Republicans of really possessing opposing ideologies, the same can be said for Putin and Obama. Although it is true that Putin and Obama will eventually go to war in Syria, let’s make no mistake about it, Obama and Putin are playing out a script that has been written by the BIS.
The failure of the central banks to corral and control Putin has made World War III a likely scenario. As Putin continues on the path of destroying the dollar as the world’s reserve currency, what will the Federal Reserve do? There will be a war to preserve the status quo. As China, Russia and the United States are drawn into a confrontation, the world’s economy will be obliterated along with billions of lives. In the aftermath of the coming global holocaust, the supreme financial rulers of the planet will be waiting to create order, the New World Order, out of chaos. The BIS is getting exactly what they need to unify the planet.
A willing pawn of the NWO, or not, Putin is no hero. He is doing exactly what is expected. Make no mistake about, the BIS controls the central banks, world finance and Putin. The New World Order is very much alive. And when your children are sent to fight and die in World War III, I think you and they have right to know who they are fighting for and why they must die.
June 17th, 2014
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June 10th, 2014 by olddog
“Why should anyone trust a government that has condoned torture, spied on at least 35 world leaders, supports indefinite detention, places bugs in thousands of computers all over the world, kills innocent people with drone attacks, promotes the post office to log mail for law enforcement agencies and arbitrarily authorizes targeted assassinations? Or, for that matter, a president that instituted the Insider Threat Program, which was designed to get government employees to spy on each other and ‘turn themselves and others in for failing to report breaches,’ which includes ‘any unauthorized disclosure of anything, not just classified materials.’” — Professor Henry Giroux
Why should anyone trust a government that kills, maims, tortures, lies, spies, cheats, and treats its own citizens like criminals? For that matter, why should anyone trust a government utterly lacking in transparency, whose actions give rise to more troubling questions than satisfactory answers, and whose domestic policies are dictated more by paranoia than need?
Unfortunately, “we the people” have become so trusting, so gullible, so easily distracted, so out-of-touch, so compliant and so indoctrinated on the idea that our government will always do the right thing by us that we have ignored the warning signs all around us, or at least failed to recognize them as potential red flags.
As I point out in my book A Government of Wolves: The Emerging American Police State, the consequences of this failure on both our parts—the citizenry’s and the government’s—to do our due diligence in asking the right questions, demanding satisfactory answers, and holding our government officials accountable to respecting our rights and abiding by the rule of law has pushed us to the brink of a nearly intolerable state of affairs. Intolerable, at least, to those who remember what it was like to live in a place where freedom, due process and representative government actually meant something. (Remember that the people of Stalin’s Soviet Union and Hitler’s Germany also failed to ask questions, demand answers, and hold their government officials accountable until it was too late, and we know how that turned out.)
There’s certainly no shortage of issues about which we should be asking questions of our government representatives, demanding truthful answers, and subsequently insisting on changes within our government. Keep in mind, however, that the government has mastered the art of evasion. Thus, it’s not enough to ask the questions. We need to demand answers, and when those answers aren’t forthcoming—either because a government official claims to not “know” or because it’s outside his or her jurisdiction—we need to demand that they find out.
To get the ball rolling, here are just a few dozen of the questions that require honest answers by those individuals and agencies that are supposed to be answering to us. For my part, I’m going to send this exact list of questions to my government representatives and see how responsive they are. I’d suggest you do the same.
To start with, what’s the rationale behind turning government agencies into military outposts? There has been a notable buildup in recent years of SWAT teams within non-security-related federal agencies such as Department of Agriculture, the Railroad Retirement Board, the Tennessee Valley Authority, the Office of Personnel Management, the Consumer Product Safety Commission, the U.S. Fish and Wildlife Service and the Education Department. As of 2008, “73 federal law enforcement agencies… [employ] approximately 120,000 armed full-time on-duty officers with arrest authority.” Four-fifths of those officers are under the command of either the Department of Homeland Security (DHS) or the Department of Justice.
What’s with all of the government agencies stockpiling hollow point bullets? For example, why does the Department of Agriculture need .40 caliber semiautomatic submachine guns and 320,000 rounds of hollow point bullets? For that matter, why do its agents need ballistic vests and body armor?
Why does the Postal Service need “assorted small arms ammunition”? Why did the DHS purchase “1.6 billion rounds of hollow-point ammunition, along with 7,000 fully-automatic 5.56x45mm NATO ‘personal defense weapons’ plus a huge stash of 30-round high-capacity magazines”? That’s in addition to the FBI’s request for 100 million hollow-point rounds. The Department of Education, IRS, the Social Security Administration, and the National Oceanic and Atmospheric Administration, which oversees the National Weather Service, are also among the federal agencies which have taken to purchasing ammunition and weaponry in bulk.
Why is the federal government distributing obscene amounts of military equipment, weapons and ammunition to police departments around the country? And why is DHS acquiring more than 2,500 Mine-Resistant Armored Protection (MRAP) vehicles, only to pass them around to local police departments across the country? According to the New York Times:
[A]s President Obama ushers in the end of what he called America’s “long season of war,” the former tools of combat — M-16 rifles, grenade launchers, silencers and more — are ending up in local police departments, often with little public notice. During the Obama administration, according to Pentagon data, police departments have received tens of thousands of machine guns; nearly 200,000 ammunition magazines; thousands of pieces of camouflage and night-vision equipment; and hundreds of silencers, armored cars and aircraft. The equipment has been added to the armories of police departments that already look and act like military units.
Why is the military partnering with local police to conduct training drills around the country? And what exactly are they training for? In Richland South Carolina, for instance, U.S. army special forces are participating in joint and secretive exercises and training with local deputies. The public has been disallowed from obtaining any information about the purpose of the drills, other than that they might be loud and to not be alarmed. The Army and DHS also carried out similar drills and maneuvers involving Black Hawk helicopters in Texas, Florida, and other locations throughout the U.S., ostensibly in order to provide officers with realistic urban training.
What is being done to protect the American populace from the threat of military arms and forces, including unarmed drones, being used against them? Policy analysts point to Directive No. 3025.18, “Defense Support of Civil Authorities” (issued on Dec. 29, 2010), as justification for the government’s use of military force to put down civil unrest within the United States.
Why is FEMA stockpiling massive quantities of emergency supplies? On January 10, 2014, FEMA made a statement enlisting the service of contractors who could “supply medical biohazard disposal capabilities and 40 yard dumpsters to 1,000 tent hospitals across the United States; all required on 24-48 hour notice.” This coincides with other medical requests seeking massive amounts of supplies, such as “31,000,000 flu vaccinations,” “100,000 each of winter shirts and pants and the same for summer” and other goods and services requests as well like tarps, manufactured housing units, and beverages. And why does the TSA need $21,000 worth of potassium chlorate, a chemical compound often used in explosives?
Why is the Pentagon continuing to purchase mass amounts of ammunition while at the same time preparing to destroy more than $1 billion worth of bullets and missiles that are still viable?
Moreover, what is really being done to hold the Pentagon accountable for its doctored ledgers, fraud, waste and mismanagement, which has cost the taxpayer trillions of dollars? According to Reuters, “The Pentagon is the only federal agency that has not complied with a law that requires annual audits of all government departments. That means that the $8.5 trillion in taxpayer money doled out by Congress to the Pentagon since 1996, the first year it was supposed to be audited, has never been accounted for. That sum exceeds the value of China’s economic output last year.”
Given the similarities between the government’s Live Active Shooter Drill training exercises, carried out at schools, in shopping malls, and on public transit, which can and do fool law enforcement officials, students, teachers and bystanders into thinking it’s a real crisis, how much of what is being passed off as real is, in fact, being staged by DHS for the “benefit” of training law enforcement, leaving us none the wiser? These training exercises come complete with their own set of professionally trained Crisis Actors playing the parts of shooters, bystanders and victims in order to help “schools and first responders create realistic drills, full-scale exercises, high-fidelity simulations, and interactive 3D films.”
Given that Americans are 110 times more likely to die of foodborne illness than in a terrorist attack, why is the government spending trillions of dollars on “national security”? How exactly is the $75 billion given to 15 intelligence agencies annually to keep us “safe” being spent? And why is the DHS giving away millions of dollars’ worth of federal security grants to states that federal intelligence agencies ruled have “no specific foreign or domestic terrorism threat”?
Why is the government amassing names and information on Americans considered to be threats to the nation, and what criteria is the government using for this database? Keep in mind that this personal information is being acquired and kept without warrant or court order. It’s been suggested that in the event of nuclear war, the destruction of the US Government, and the declaration of martial law, this Main Core database, which as of 2008 contained some 8 million names of Americans, would be used by military officials to locate and round up Americans seen as threats to national security, a program to be carried about by the Army and FEMA.
Taken individually, these questions are alarming enough. However, when viewed collectively, they leave one wondering what exactly the U.S. government is preparing for and whether American citizens shouldn’t be preparing, as well, for that eventuality when our so-called “government of the people, by the people, for the people” is no longer answerable to “we the people.”
This commentary is also
available at www.rutherford.org.
June 9th, 2014 by olddog
By David DeGraw, AmpedStatus Report
“The conflicting propaganda of opposing parties is essentially what leads to political abstention. But this is not the abstention of the free spirit which asserts itself; it is the result of resignation, the external symptom of a series of inhibitions. Such a man has not decided to abstain; under diverse pressures, subjected to shocks and distortions, he can no longer (even if he wanted to) perform a political act. What is even more serious is that this inhibition not only is political, but also progressively takes over the whole of his being and leads to a general attitude of surrender.” — Jacques Ellul, Propaganda: The Formation of Men’s Attitudes
The primary reason why the Economic Elite have gained such dominance is their commitment to psychological operations that divide-and-conquer the US public. They use their overwhelming influence over mainstream media outlets and political candidates in very clever ways to divide us.
It is known among political scientists that powerful forces always seek to gain control of pre-existing social and political institutions so they can usurp their powers. The Economic Elite gained control of both the Democratic and Republican political parties because they knew that hardworking Americans loyally followed these parties, and we believed these parties were looking out for our best interests. We have, for the most part, been lifelong Republicans or lifelong Democrats, but until we see that our favored party has been seized by power and greed addicted interests, we will all continue to lose. These are extremely hard truths to face, but until we face them, we will continue our decline.
With half the US population loyal to Democrats and the other half loyal to Republicans, gaining control of both these parties meant total control for them. The past decade is testament to their total control of both parties.
In manufactured public opinion, Obama represented a far left swing in US politics, and Bush represented a far right swing, and these two supposed polar opposites also had a Congress overwhelmingly run by members of their own party. Did we get drastically different policies? In what matters most, in both cases, the results were the same: more money and power for the Economic Elite and the continued decline of the US middle class. This fact is now undeniable.
Yes, there are definite differences in their rhetoric and on some social issues, but this is the key to the psychological operations, to the divide-and-conquer strategy that they use so effectively.
To distract and divide us, they use rhetoric on social issues like religion, gay marriage, abortion, etc., all serious and significant issues that we bitterly disagree on, but in the overall picture, these issues are secondary to the larger, more fundamental political and economic issues that lead to our wealth being stolen from us, and ultimately, our lives being increasingly dominated by a small few.
Bush appealed to conservative Republicans and then ran up the deficit to record levels. Obama appealed to liberal Democrats, but increased war spending and support for Wall Street billionaires. In both cases, the candidates severely divided the US middle class, but in the policy decisions that mattered most, they both sided with the economic top one percent at the expense of hardworking Americans.
Just look at the last few election cycles. In 2006 and 2008 US citizens rose up in record-breaking numbers to kick out the Republicans in power, whom they felt had betrayed them. Now, with the Democrats in power, the consensus seems to be that in the 2010 mid-term elections we will vote for Republicans and kick out the Democrats who have failed to deliver on the much needed and promised changes.
Do you not see the ridiculous nature of this divide-and-conquer strategy? This is a vicious cycle that will continue to lead to our destruction.
Psychological Operations 101: Obama Vs. Fox News
For those of us who are strong enough to see beyond our propaganda-induced preconceptions and prejudices, the insidious nature of the Economic Elite’s divide-and-conquer strategy is on full display in the feud between Obama and Fox News. About half of the country loves Obama and hates Fox News, and the other half loves Fox News but hates Obama. They both use very effective propaganda to seduce their followers. However, as hard as it is for people who love one of them to admit, they both serve the same masters.
Once again, let’s look at Goldman Sachs. They financed Obama’s campaign and he has rewarded them with policies that have led to them making record-breaking profits, instead of investigating them for the many illegal activities they participated in and continue to take part in.
On the other side of this psychological operation, you have Fox News. When was the last time you saw Fox News doing an investigation into the illegal practices of Goldman Sachs? Even the Obama-appointed Tim Geithner, the Economic Elite’s main man on the economy, escapes the significant focus of Fox News’ powerful attack force.
Looking at the Business Roundtable, a significant majority of Obama’s campaign funding came from Roundtable members and, as mentioned earlier, he frequently meets with Roundtable members. On the other hand, Fox News is owned by Roundtable member Rupert Murdoch, and Fox relies heavily on advertising money from Roundtable members. Rupert Murdoch even supported Obama over McCain. As someone who monitors Fox News, I can’t recall the last time I heard Fox reporting on the activities of the Business Roundtable, not that any mainstream “news” companies do.
The list of similarities between the two, when it comes to exposing and holding the Economic Elite accountable, is extensive. So here you have an excellent divide-and-conquer psychological operation. Fox News declares Obama the enemy, and Obama declares Fox the enemy, yet the Economic Elite remain in the shadows, behind the scenes, untouched and continuing their plunder.
Just think of all the misplaced outraged spent on these two puppets. Sure, people have many reasons to like and dislike both, but imagine if all the diehard Obama-haters focused their rage on the people who put Obama in power, and if the diehard Fox-haters stopped criticizing everything Fox says and focused on the Economic Elite who control the media environment in which Fox News operates.
If the Fox-haters and the Obama-haters united and focused their combined outrage on the common forces behind the both of them, we would all be much better off.
The most significant bias in the mainstream media is not the liberal or conservative views propagated to divide, distract, confuse and create apathy among the populace; the ultimate bias is in what is missing from the coverage. The investigative reporting on the most powerful forces within our society is left out of the discussion.
McClatchy, one of the few real journalism news organizations, has repeatedly reported on the illegal activities of Goldman Sachs and the crime syndicate they operate in. Yet, an overwhelming majority of mainstream news outlets ignore these reports and nothing is done to hold Goldman Sachs accountable. In fact, two of the leading figures in the outright theft of our money have recently been lauded in their propaganda press. When you see Federal Reserve Chairman Ben Bernanke become thePerson of the Year in Time Magazine and Goldman Sachs CEO Llyod Blankfein become the Financial Times Man of the Year, you begin to see where the real media bias lies.
The main bias is in favor of the thieves who stole our country and economy, and own the mainstream media companies. The omni-present mainstream media is the greatest weapon of oppression humanity has ever known.
Although the Internet has had an impact, television news is still by far the most influential news medium. Despite all the new information platforms, this year we have set a new record by watching an average of four hours and 49 minutes of TV per day. We have been subjected to heavy doses of propaganda on a daily basis, for hours a day, every day of our lives.
The mainstream media creates what is known in mass psychology as the “spectrum of thinkable thought.” By constantly discussing and debating surface issues, they limit the range of debate. Having the Republican vs. Democrat paradigm leads us to never debating the underlying Economic Elite who control both of the parties, not to mention their ownership of the media platform on which this debate is taking shape. The more important underlying issues are never discussed, and therefore never enter public consciousness.
The censorship that is most prevalent today is the most dangerous form. Not the censorship of explicit words, sex, or violence, but the censorship of any thoughts outside of elite corporate ideology. Any debate that leads to critical thought on prevailing elite economic dominance is not allowed to enter into the mass media or mainstream public consciousness.
“We must conclude that a changeover is imminent and ineluctable in the co-opted caste who serve the interests of domination, and above all manage the protection of that domination. In such an affair, innovation will surely not be displayed [in the mainstream media]. It appears instead like lightning, which we know only when it strikes.” — Guy Debord, Comments on the Society of the Spectacle
June 8th, 2014 by olddog
By David DeGraw, AmpedStatus Report
“The money powers prey upon the nation in times of peace and conspire against it in times of adversity. It is more despotic than a monarchy, more insolent than autocracy, and more selfish than bureaucracy. It denounces as public enemies, all who question its methods or throw light upon its crimes… As a result of the war, corporations have been enthroned and an era of corruption in high places will follow, and the money powers of the country will endeavor to prolong it’s reign by working upon the prejudices of the people until all wealth is aggregated in a few hands and the Republic is destroyed.” – Abraham Lincoln
U.S. Elite Institutions:
Business Round Table
Chamber of Commerce
Federal Trade Commission
Council on Foreign Relations
American Petroleum Institute
American Enterprise Institute
American Bankers Association
Pharm Research & Manufacturers
Public Relations Society of America
American Psychological Association
Project for a New American Century
Securities and Exchange Commission
Committee for Economic Development
National Association of Manufacturers
Carnegie / Ford / Rockefeller foundations
Military / Media / Prison Industrial Complex
I don’t view the Economic Elite as a small group of men who meet in secrecy to control the world. They do feature elements of conspiracy and are clearly composed of secretive organizations like the Bilderberg Group – this is not a conspiracy theory, this is a conspiracy fact – but as a whole the Economic Elite are primarily united by ideology. They’re made up of thousands of individuals who subscribe to an ideology of exploitation and the belief that wealth and resources need to be concentrated into the fewest hands possible (theirs), at the expense of the many.
That being said, there are some definite lead players in this group and it is important that we are not too vague and expose the individuals who publicly lead them. Focusing on the fundamental structure of the US economy, we have people like Hank Paulson, Tim Geithner, Ben Bernanke, Robert Rubin, Larry Summers, Alan Greenspan, Lloyd Blankfein, Jamie Dimon, John Mack, Vikram Pandit, John Thain, Hank Greenberg, Ken Lewis, John J. Castellani, Edward Yingling and Tom Donohue.
In total, the Economic Elite are made up of about 0.5% of the US population. At the center of this group is the Business Roundtable, an organization representing Fortune 500 CEOs that is also interlocked with several lead elite organizations. Most Americans have never heard of the Business Roundtable. However, in my analysis, it is the most influential and powerful Economic Elite organization.
“The Business Roundtable joined the Business Council at the heart of both the corporate community and the policy-formation network and now has the most powerful role…. The Roundtable’s interlocks with other policy groups and with think tanks are presented [below].” -– G. William Domhoff, Who Rules America?
The Roundtable’s first year of operation was 1972, which coincided with the beginning of the CEO salary explosion, and has been the driving force behind the unprecedented concentration of wealth since their inception. Their dominance over the US economy and government is unparalleled. Their members are a Who’s Who of everything that is wrong with our economy. Here is a partial list of some of their lead members:
——-Lloyd C. Blankfein, Goldman Sachs
——-James Dimon, JPMorgan Chase & Co.
——-James P. Gorman, Morgan Stanley
——-Vikram S. Pandit, Citigroup, Inc.
——-Brian T. Moynihan, Bank of America
——-Brendan McDonagh, HSBC
——-Robert W. Selander, MasterCard Incorporated
——-Kenneth I. Chenault, American Express Company
——-Rupert Murdoch, News Corporation
——-Glenn A. Britt, Time Warner Cable Inc.
——-Philippe Dauman, Viacom, Inc.
——-Jeffrey R. Immelt, General Electric Company
——-Brian L. Roberts, Comcast Corporation
——-Steven A. Ballmer, Microsoft Corporation
——-John T. Chambers, Cisco Systems, Inc.
——-Randall L. Stephenson, AT&T Inc.
——-Ivan G. Seidenberg, Verizon Communications
——-David G. DeWalt, McAfee, Inc.
——-Steven R. Loranger, ITT Corporation
——-Paul T. Hanrahan, AES Corporation,
——-The Riley P. Bechtel, Bechtel Group, Inc.
——-W. James McNerney , Boeing Company,
——-The Rex W. Tillerson, Exxon Mobil Corporation
——-Marvin E. Odum, Shell Oil Company
——-John S. Watson, Chevron Corporation
——-James J. Mulva, ConocoPhillips
——-John B. Hess, Hess Corporation
——-James E. Rogers Duke Energy Corporation
——-J. Larry Nichols, Devon Energy Corporation
——-Ronald A. Williams, Aetna Inc.
——-David Cordani, CIGNA
——-Jeffrey B. Kindler , Pfizer Inc.
——-Angela F. Braly, WellPoint, Inc.
——-John C. Lechleiter, Eli Lilly and Company
——-Edward B. Rust, Jr., State Farm
——-Andrew N. Liveris, Dow Chemical
——-James W. Owens, Caterpillar Inc.
——-Ellen J. Kullman, DuPont
——-Edward E. Whitacre Jr., General Motors Company
——-Michael T. Duke, Wal-Mart Stores, Inc.
The Business Roundtable is the most powerful activist organization in the United States. Their leaders regularly lobby members of Congress behind closed doors and often meet privately with the President and his administration. Any legislation that affects Roundtable members has almost zero possibility of passing without their support.
For three major examples, look at healthcare and financial reform, along with the military budget. The healthcare reform bill devolved into what amounts to an insurance industry bailout and was drastically altered by Roundtable lobbyists representing interests like WellPoint, Aetna, Cigna, Pfizer, Eli Lilly and Johnson & Johnson. Obama and Congress are trying to please the Roundtable with a bill that supports their interests. This led to the dropping of the public-option put forth in the House bill. However, when it came to finishing the bill, Roundtable members began to walk away from the process.
That’s the real reason why the reform bill has stalled. Obama will be meeting with the Roundtable on February 24th, in hopes of getting healthcare reform back on track. After that meeting, he will then hold a bipartisan healthcare meeting with members of congress. Also being addressed in Obama’s upcoming meeting with the Roundtable are issues concerning financial reform. Almost every aspect of financial reform has been D.O.A. thanks to Roundtable lobbyists representing the interests of Goldman Sachs, JP Morgan, Morgan Stanley, Citigroup, Bank of America, HSBC, Master Card and American Express. They even pushed to make sure Ben Bernanke was reconfirmed as the head of the Federal Reserve and they have also guided Obama into focusing on deficit reduction, now that their member companies are healthy again and making record profits after receiving trillions in government subsidies.
The Roundtable played a pivotal role in the appointment of Hank Paulson, formerly the CEO of Roundtable member Goldman Sachs, who replaced Roundtable member John Snow as US Treasury Secretary. The Roundtable also strongly lobbied on behalf of current Treasury Secretary Tim Geithner and White House National Economic Council Director Larry Summers. Although there has been recent talk of Geithner being replaced at the Treasury, the lead choice to replace him is Jamie Dimon, Roundtable member and CEO of JP Morgan Chase. The drastic rise in military spending is also a result of Roundtable lobbyists pushing the interests of large military companies like Boeing and Bechtel, along with the largest oil companies like ExxonMobil, Shell, Hess and Chevron.
The Roundtable tells politicians what they want done, and the politicians do it. At times, Roundtable members even write the laws themselves. On financial reform alone, those representing Wall Street firms gave “$42 million to lawmakers, mostly to members of the House and Senate banking committees and House and Senate leaders.” During the 2008 election cycle, they gave $155 million: $88 million to Democrats and $67 million to Republicans. Keep in mind, this is the spending on just their financial reform initiative. When it came to health reform, they gave even more.
When it comes to getting elected, over 90% of the time the candidate who simply spends more money on their campaign wins the election. The Roundtable and politicians recognize this fact, so the overwhelming majority of current elected officials relied heavily on campaign funding from Roundtable members, including President Obama.
Shortly after Obama’s inauguration he held a meeting with Roundtable members at the St. Regis Hotel. The president of the Business Roundtable is John J. Castellani. Throughout the first nine months of Obama’s presidency, Castellani met with him at the White House more than any other person, with the exception of Chamber of Commerce CEO Tom Donohue. If you look at the records of people who have spent the most time with Obama in the White House, other than these two, another frequent visitor is Edward Yingling, the president of the American Bankers Association.
These organizations – the Business Roundtable, Chamber of Commerce and the American Bankers Association – along with the Federal Reserve, a secretive quasi-government private institution, form the center of the Economic Elite’s power structure. Since the bailout, the Federal Reserve has been working closely with private firm BlackRock. Due to this relationship, BlackRock has emerged as the world’s largest money manager and now manages more assets than the Federal Reserve. They also “manage many of the Treasury Department’s big investments.
” On a global level, you have economic institutions like the World Trade Organization (WTO), the International Monetary Fund (IMF) and the World Bank, and international treaties like NAFTA. These organizations already form a de facto world government that has rights beyond our constitutional rights and national sovereignty. If the WTO makes a ruling that goes against US law, the WTO ruling supersedes US law and wins out.
Here is how Global Exchange explains these global institutions: “The World Trade Organization is the most powerful legislative and judicial body in the world. By promoting the ‘free trade’ agenda of multinational corporations above the interests of local communities, working families, and the environment, the WTO has systematically undermined democracy around the world…. Unlike United Nations treaties, the International Labor Organization conventions, or multilateral environmental agreements, WTO rules can be enforced through sanctions. This gives the WTO more power than any other international body. The WTO’s authority even eclipses national governments.
[World Bank and International Monetary Fund (IMF)] When the Bank and the Fund lend money to debtor countries, the money comes with strings attached. These strings come in the form of policy prescriptions called ‘structural adjustment policies.’ These policies—or SAPs, as they are sometimes called—require debtor governments to open their economies to penetration by foreign corporations, allowing access to the country’s workers and environment at bargain basement prices. Structural adjustment policies mean across-the-board privatization of public utilities and publicly owned industries. They mean the slashing of government budgets, leading to cutbacks in spending on health care and education…. And, as their imposition in country after country in Latin America, Africa, and Asia has shown, they lead to deeper inequality and environmental destruction.
” In addition to dominating our political and economic system, the Economic Elite have already created their own private military. Their private military is now more powerful than the US military. As mentioned earlier, private mercenaries now outnumber US soldiers and receive the lion’s share of military spending.
Corporations like SAIC, Blackwater, Bechtel, Raytheon and Halliburton are composed of the most elite worldwide intelligence and military officers. These are the highly profitable and powerful entities that the Economic Elite turn to when national militaries and intelligence agencies – like the CIA, FBI or other government run entities – can’t get the job done.
For instance, SAIC, a “stealth company” that most people have never heard of, is considered to be the brains of the entire US intelligence apparatus, more powerful than the much more popularly known CIA, NSA and FBI – all agencies that SAIC is deeply intertwined with. I urge you to research SAIC to get a crash course in how the true power structure functions. You can start by reading an excellent investigative report by Donald L. Barlett and James B. Steele titled, “Washington’s $8 billion shadow.
” The Economic Elite dominate US intelligence and military operations. Other than the obvious geo-strategic reasons, the never-ending and ever-expanding War on Terror’s objective is to drain the US population of more resources and further rob US taxpayers, while using our tax money to create a private military that is more powerful than the US military.
I think any logical person can see the ominous implications of having such a vast and powerful private military and intelligence complex, created for and used, in secrecy, by the Economic Elite. Outside of the blatant economic policy attacks, heavily armed and sophisticated covert powers led by small groups of Economic Elite are now a serious risk and present danger.
In conclusion, these economic and government policy forming organizations, along with their private military and intelligence corporations, form the core of the Economic Elite power structure. “I think one has to say it’s not just simply a matter of capturing people and holding them accountable, but removing the sanctuaries, removing the support systems.” – Paul Wolfowitz Part IV: “The Financial Coup d’Etat” will be posted on Sunday. To be notified via email, subscribe to our newsletter here.
June 7th, 2014 by olddog
By David DeGraw, AmpedStatus Report
This is the second-part of a six-part report. Click on http://anationbeguiled.wordpress.com/2014/06/07/part-1-casualties-of-economic-terrorism-surveying-the-damage/ to read part 1.
II: The Rise of the Economic Elite
“The war against working people should be understood to be a real war…. Specifically in the U.S., which happens to have a highly class-conscious business class…. And they have long seen themselves as fighting a bitter class war, except they don’t want anybody else to know about it.” — Noam Chomsky
As a record number of US citizens are struggling to get by, many of the largest corporations are experiencing record-breaking profits, and CEOs are receiving record-breaking bonuses. How could this be happening; how did we get to this point?
The Economic Elite have escalated their attack on US workers over the past few years; however, this attack began to build intensity in the 1970s. In 1970, CEOs made $25 for every $1 the average worker made. Due to technological advancements, production and profit levels exploded from 1970 – 2000. With the lion’s share of increased profits going to the CEOs, this pay ratio dramatically rose to $90 for CEOs to $1 for the average worker.
As ridiculous as that seems, an in-depth study in 2004 on the explosion of CEO pay revealed that, including stock options and other benefits, CEO pay is more accurately $500 to $1.
Paul Buchheit, from DePaul University, revealed, “From 1980 to 2006 the richest 1% of America tripled their after-tax percentage of our nation’s total income, while the bottom 90% have seen their share drop over 20%.” Robert Freeman added, “Between 2002 and 2006, it was even worse: an astounding three quarters of all the economy’s growth was captured by the top 1%.”
Due to this, the United States already had the highest inequality of wealth in the industrialized world prior to the financial crisis. Since the crisis, which has hit the average worker much harder than CEOs, the gap between the top one percent and the remaining 99% of the US population has grown to a record high. The economic top one percent of the population now owns over 70% of all financial assets, an all-time record.
As mentioned before, just look at the first full year of the crisis when workers lost an average of 25 percent off their 401k. During the same time period, the wealth of the 400 richest Americans increased by $30 billion, bringing their total combined wealth to $1.57 trillion, which is more than the combined net worth of 50% of the US population. Just to make this point clear, 400 people have more wealth than 155 million people combined.
Meanwhile, 2009 was a record-breaking year for Wall Street bonuses, as firms issued $150 billion to their executives. 100% of these bonuses are a direct result of our tax dollars, so if we used this money to create jobs, instead of giving it to a handful of top executives, we could have paid an annual salary of $30,000 to 5 million people.
So while US workers are now working more hours and have become dramatically more productive and profitable, our pay is actually declining and all the dramatic increases in wealth are going straight into the pockets of the Economic Elite.
If our income had kept pace with compensation distribution rates established in the early 1970s, we would all be making at least three times as much as we are currently making. How different would your life be if you were making $120,000 a year, instead of $40,000?
So it should come as no surprise to see that we now have the highest inequality of wealth in the industrialized world and the highest inequality of wealth in our nation’s history. The backbone of America, a hard-working middle class that has made our country a world leader, has been devastated.
Now that we have a better understanding of how our income has been suppressed over the past forty years, let’s take a look at how the economy has been designed to take the limited money we receive and put it into the hands of the Economic Elite as well.
Costs of Living
Outside of the workplace, in almost all our costs of living the system is now blatantly rigged against us. Let’s take a look at it, starting with our tax system.
In total, the average US citizen is forced to give up approximately 30% of our income in taxes. This tax system is now strategically designed to flow straight into the hands of the Economic Elite. A huge percentage of our tax dollars ultimately ends up in their pockets. The past decade proves that — whether it’s the Republicans or the Democrats running the government — our tax money is not going into our community; it is going into the pockets of the billionaires who have bought off both parties – it is obscene.
For an example of how this system flows to the Economic Elite, just look at the Wall Street “bailout.” The real size of the bailout is estimated to be $14 trillion – and could end up costing trillions more than that. By now you are probably also sick of hearing about the bailout, but stop and think about this for a moment… Do you comprehend how much $14 trillion is?
What could be accomplished with this money is almost beyond common comprehension.
And this is just the tip of the iceberg that has hit us. On top of the trillions given to the Wall Street elite, we already have a record $12.3 trillion in national debt – and we now have to pay $500 billion in interest to the Economic Elite on this debt every year, yet another way they are milking us dry. When you add in unfunded liabilities owed, like social security payments, we actually owe a stunning $74 trillion. That adds up to a debt of $242,000 for every man, woman and child in America.
Trillions more, 25% of taxpayer dollars allocated to military spending goes unaccounted for every year, not to mention the billions spent on overcharging and outright fraud. During the War on Terror, the Economic Elite have used our tax money to build a private army that has more soldiers deployed than the US military – a congressional study revealed that 69% of the “US” fighting forces deployed throughout the world in our name are in fact private mercenaries, 80% of them are foreign nationals. Private contractors regularly get paid three to five times more than our soldiers, and have been repeatedly caught overcharging and committing fraud on a massive scale. A congressional investigation revealed this and strongly recommended that we seize wasting tax dollars on these private military contractors. However, under Obama, there has actually been a drastic increase in total tax dollars spent on them.
In 2009, just over $1 trillion tax dollars were spent on the military. It’s safe to say that at least $350 billion of that was needlessly wasted.
When you research our tax system you see an unprecedented level of waste and fraud rampant throughout most expenditures. Our tax system is a national disaster of epic proportions. It is literally an organized criminal operation that continues to rob us in broad daylight, with zero accountability.
Politicians and mainstream “news” outlets will not tell you this, but most every serious economist knows that due to so much theft and debt created in the tax system, the only way to fix things, other than stopping the theft and seizing the trillions that have been stolen, will be for the government to cut important social funding and drastically raise our taxes. Other than the record national debt, many states are running record deficits and “barreling toward economic disaster, raising the likelihood of higher taxes, more government layoffs and deep cuts in services.” Our nation’s biggest state economies, like California and New York, are the ones in most trouble.
To merely say that things will not be improving economically is to be a delusional optimist. The truth that you will not hear: we have been hit by an economic deathblow and the United States lays in ruins.
It’s not just this criminal tax system; the theft is now built into all our costs of living.
Trillions more in our spending on food and fuel have been stolen due to fraudulent stock transactions and overcharging. Just ten years ago, in 2000, American families paid 7% of our income on food and fuel. We now pay 20%. This drastic increase is primarily driven by fraudulent market manipulation that drives up stock prices. Congress uncovered this in 2006, as part of the Enron investigation. They found that companies manipulated the oil market to create major spikes in stock values, but then Congress didn’t do anything about it. Nothing to see here, just move on.
As mentioned before, we have the most expensive health care system in the world and we are forced to pay twice as much as other countries, and the overall care we get in return ranks 37th in the world. On average, US citizens are now paying a record high 8% of their income on medical care.
One of the reasons why foreclosure rates are so high is because the percentage of income Americans pay on their housing has risen to 34%.
So for these basic necessities – taxes, food, fuel, shelter and medical bills – we have already lost 92% of our limited income. Then factor in ever-increasing interest rates on credit cards, student loans, rising prices for cable, internet, phone, bank fees, etc., etc., etc…. We are being robbed and gouged in all costs of living, in every aspect of our life. No wonder bankruptcies are skyrocketing and the number of people suffering from psychological depression has reached an epidemic level.
The American worker is screwed over every step of the way, and it all starts with the explosion in the cost of a college education. This is one of the Economic Elite’s most devastating weapons. To have any chance of succeeding in this economy, it is commonly believed that you must attend the best college possible. With the rising costs involved, today’s students are graduating with record levels of debt from student loans. At the same time, the unemployment rate among recent college graduates has risen higher than the national average, and those who do find work are making significantly less than they expected to make. This combination of extreme debt and reduced pay has crippled an entire generation right from the start and has put them in a vicious cycle of spiraling debt that they will struggle with for the rest of their lives. The most recent college graduates are now known as a “lost generation.”
The American dream has turned into a nightmare. The economic system is a sophisticated prison cell; the indentured servant is now an indebted wage slave; whips and chains have evolved into debts.
“There are two ways to conquer and enslave a nation. One is by sword. The other is by debt.”
– John Adams
Concealing National Wealth
“Liberty in the concrete signifies release from the impact of particular oppressive forces; emancipation from something once taken as a normal part of human life but now experienced as bondage…. Today, it signifies liberation from material insecurity and from the coercions and repressions that prevent multitudes from participation in the vast cultural resources that are at hand.” — John Dewey
When you take the time to research and analyze the wealth that has gone to the economic top one percent, you begin to realize just how much we have been robbed. Trillions upon trillions of dollars that could make the lives of all hard-working Americans much easier have been strategically funneled into the coffers of the Economic Elite. The denial of wealth is the key to the Economic Elite’s power. An entire generation of massive wealth creation has been strategically withheld from 99% of the US population.
The US public doesn’t have any understanding of how much wealth has been generated and concentrated into the hands of the Economic Elite over the past 40 years; there is no historical frame of reference. This withholding of wealth is truly the greatest crime against humanity in the history of civilization.
What could be done with all the money that has been hoarded by the Economic Elite is extraordinary!
Let’s consider what we could do with the money that has been stolen from us. On top of what should be our average six-figure yearly income, we could have:
Free health care for every American,
* A free 4 bedroom home for every American family,
* 5% tax rate for 99% of Americans,
* Drastically improved public education and free college for all,
* Significantly improved public transportation and infrastructure,
The list goes on…
This is not some far-fetched fantasy. These are all things that Franklin D. Roosevelt talked about doing in the 1940s, long before the explosion of wealth creation in our technologically advanced global economy. The money for all this is already there, stashed into the claws of the Economic Elite. The denial of wealth to the masses is the key to the Economic Elite’s power. Outside of outdated and obsolete economic models and theories — and incredibly short-sighted greed — there is no reason why all this money should be kept in the hands of a few, at the immense suffering and expense of the many.
If Americans could just understand how much wealth is being withheld from us, we would have a massive uprising and the Economic Elite would be swept away, into the history books alongside the evil despots of the past.
“For if leisure and security were enjoyed by all alike, the great mass of human beings who are normally stupefied by poverty would become literate and would learn to think for themselves; and when once they had done this, they would sooner or later realize that the privileged minority had no function, and they would sweep it away. In the long run, a hierarchical society was only possible on a basis of poverty and ignorance.” — George Orwell
Now that we have a better understanding of how the Economic Elite dominate our lives, let’s take a look at exactly who they are….
Part III: “Exposing Our Enemy: Meet the Economic Elite” will be posted on Friday. To be notified via email, subscribe to our newsletter here.
June 6th, 2014 by olddog
By Brandon Smith
On the surface, the economic atmosphere of the U.S. has appeared rather calm and uneventful. Stocks are up, employment isn’t great but jobs aren’t collapsing into the void (at least not openly), and the U.S. dollar seems to be going strong. Peel away the thin veneer, however, and a different financial horror show is revealed.
U.S. stocks have enjoyed unprecedented crash protection due to a steady infusion of fiat money from the Federal Reserve known as quantitative easing. With the advent of the “taper”, QE is now swiftly coming to a close (as is evident in the overall reduction in treasury market purchases), and is slated to end by this fall, if not sooner.
Employment has been boosted only in statistical presentation, and not in reality. The Labor Department’s creative accounting of job numbers omits numerous factors, the most important being the issue of long term unemployed. Millions of people who have been jobless for so long they no longer qualify for benefits are being removed from the rolls. This quiet catastrophe has the side bonus of making it appear as though unemployment is going down.
U.S. Treasury bonds, and by extension the dollar, have also stayed afloat due to the river of stimulus being introduced by the Federal Reserve. That same river, through QE, is now drying up.
In my article The Final Swindle Of Private American Wealth Has Begun, I outline the data which leads me to believe that the Fed taper is a deliberate action in preparation for an impending market collapse. The effectiveness of QE stimulus has a shelf-life, and that shelf life has come to an end. With debt monetization no longer a useful tool in propping up the ailing U.S. economy, central bankers are publicly stepping back. Why? If a collapse occurs while stimulus is in full swing, the Fed immediately takes full blame for the calamity, while being forced to admit that central banking as a concept serves absolutely no meaningful purpose.
My research over many years has led me to conclude that a collapse of the American system is not only expected by international financiers, but is in fact being engineered by them. The Fed is an entity created by globalists for globalists. These people have no loyalties to any one country or culture. Their only loyalties are to themselves and their private organizations.
While many people assume that the stimulus measures of the Fed are driven by a desire to save our economy and currency, I see instead a concerted program of destabilization which is meant to bring about the eventual demise of our nation’s fiscal infrastructure. What some might call “kicking the can down the road,” I call deliberately stretching the country thin over time, so that any indirect crisis can be used as a trigger event to bring the ceiling crashing down.
In the past several months, the Fed taper of QE and subsequently U.S. bond buying has coincided with steep declines in purchases by China, a dump of one-fifth of holdings by Russia, and an overall decline in new purchases of U.S. dollars for FOREX reserves.
With the Ukraine crisis now escalating to fever pitch, BRIC nations are openly discussing the probability of “de-dollarization” in international summits, and the ultimate dumping of the dollar as the world reserve currency.
The U.S. is in desperate need of a benefactor to purchase its ever rising debt and keep the system running. Strangely, a buyer with apparently bottomless pockets has arrived to pick up the slack that the Fed and the BRICS are leaving behind. But, who is this buyer?
At first glance, it appears to be the tiny nation of Belgium.
While foreign investment in the U.S. has sharply declined since March, Belgium has quickly become the third largest buyer of Treasury bonds, just behind China and Japan, purchasing more than $200 billion in securities in the past five months, adding to a total stash of around $340 billion. This development is rather bewildering, primarily because Belgium’s GDP as of 2012 was a miniscule $483 billion, meaning, Belgium has spent nearly the entirety of its yearly GDP on our debt.
Clearly, this is impossible, and someone, somewhere, is using Belgium as a proxy in order to prop up the U.S. But who?
Recently, a company based in Belgium called Euroclear has come forward claiming to be the culprit behind the massive purchases of American debt. Euroclear, though, is not a direct buyer. Instead, the bank is a facilitator, using what it calls a “collateral highway” to allow central banks and international banks to move vast amounts of securities around the world faster than ever before.
Euroclear claims to be an administrator for more than $24 trillion in worldwide assets and transactions, but these transactions are not initiated by the company itself. Euroclear is a middleman used by our secret buyer to quickly move U.S. Treasuries into various accounts without ever being identified. So the question remains, who is the true buyer?
My investigation into Euroclear found some interesting facts. Euroclear has financial relationships with more than 90 percent of the world’s central banks and was once partly owned and run by 120 of the largest financial institutions back when it was called the “Euroclear System”. The organization was consolidated and operated by none other than JP Morgan Bank in 1972. In 2000, Euroclear was officially incorporated and became its own entity. However, one must remember, once a JP Morgan bank, always a JP Morgan bank.
Another interesting fact – Euroclear also has a strong relationship with the Russian government and is a primary broker for Russian debt to foreign investors. This once again proves my ongoing point that Russia is tied to the global banking cabal as much as the United States. The East vs. West paradigm is a sham of the highest order.
Euroclear’s ties to the banking elite are obvious; however, we are still no closer to discovering the specific groups or institution responsible for buying up U.S. debt. I think that the use of Euroclear and Belgium may be a key in understanding this mystery.
Belgium is the political center of the EU, with more politicians, diplomats and lobbyists than Washington D.C. It is also, despite its size and economic weakness, a member of an exclusive economic club called the “Group Of Ten” (G10).
The G10 nations have all agreed to participate in a “General Arrangement to Borrow” (GAB) launched in 1962 by the International Monetary Fund (IMF). The GAB is designed as an ever cycling fund which members pay into. In times of emergency, members can ask the IMF’s permission for a release of funds. If the IMF agrees, it then injects capital through Treasury purchases and SDR allocations. Essentially, the IMF takes our money, then gives it back to us in times of desperation (with strings attached). A similar program called ‘New Arrangements To Borrow’ (NAB) involves 38 member countries. This fund was boosted to approximately 370 billion SDR (or $575 billion dollars U.S.) as the derivatives crisis struck markets in 2008-2009. Without a full and independent audit of the IMF, however, it is impossible to know the exact funds it has at its disposal, or how many SDR’s it has created.
It should be noted the Bank of International Settlements is also an overseer of the G10. If you want to learn more about the darker nature of globalist groups like the IMF and the BIS, read my articles, Russia Is Dominated By Global Banks, Too, and False East/West Paradigm Hides The Rise Of Global Currency.
The following article from Harpers titled “Ruling The World Of Money,” was published in 1983 and boasts about the secrecy and “ingenuity” of the Bank Of International Settlements, an unaccountable body of financiers that dominates the very course of economic life around the world.
It is my belief that Belgium, as a member of the G10 and the GAB/NAB agreements, is being used as a proxy by the BIS and the IMF to purchase U.S. debt, but at a high price. I believe that the banking elite are hiding behind their middleman, Euroclear, because they do not want their purchases of Treasuries revealed too soon. I believe that the IMF in particular is accumulating U.S. debt to be used later as leverage to absorb the dollar and finalize the rise of their SDR currency basket as the world reserve standard.
Imagine what would happen if all foreign creditors abandoned U.S. debt purchases because the dollar was no longer seen as viable as a world reserve currency. Imagine that the Fed’s efforts to stimulate through fiat printing became useless in propping up Treasuries, serving only to devalue the domestic buying power of our currency. Imagine that the IMF swoops in as the lender of last resort; the only entity willing to service our debt and keep the system running. Imagine what kind of concessions America would have to make to a global loan shark like the IMF.
Keep in mind, the plan to replace the dollar is not mere “theory”. In fact, IMF head Christine Lagarde has openly called for a “global financial system” to take over in the place of the current dollar based system.
The Bretton Woods System, established in 1944, was used by the United Nations and participating governments to form international rules of economic conduct, including fixed rates for currencies and establishing the dollar as the monetary backbone. The IMF was created during this shift towards globalization as the BIS slithered into the background after its business dealings with the Nazis were exposed. It was the G10, backed by the IMF, that then signed the Smithsonian Agreement in 1971 which ended the Bretton Woods system of fixed currencies, as well as any remnants of the gold standard. This led to the floated currency system we have today, as well as the slow poison of monetary inflation which has now destroyed more than 98 percent of the dollar’s purchasing power.
I believe the next and final step in the banker program is to reestablish a new Bretton Woods style system in the wake of an engineered catastrophe. That is to say, we are about to go full circle. Perhaps Ukraine will be the cover event, or tensions in the South China Sea. Just as Bretton Woods was unveiled during World War II, Bretton Woods redux may be unveiled during World War III. In either case, the false East/West paradigm is the most useful ploy the elites have to bring about a controlled decline of the dollar.
The new system will reintroduce the concept of fixed currencies, but this time, all currencies will be fixed or “pegged” to the value of the SDR global basket. The IMF holds a global SDR summit every five years, and the next meeting is set for the beginning of 2015.
If the Chinese yuan is brought into the SDR basket next year, if the BRICS enter into a conjured economic war with the West, and if the dollar is toppled as the world reserve, there will be nothing left in terms of fiscal structure in the way of a global currency system. If the public does not remove the globalist edifice by force, the IMF and the BIS will then achieve their dream – the complete dissolution of economic sovereignty, and the acceptance by the masses of global financial governance. The elites don’t want to hide behind the curtain anymore. They want recognition. They want to be worshiped. And, it all begins with the secret buyout of America, the implosion of our debt markets, and the annihilation of our way of life.
You can contact Brandon Smith at: email@example.com
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May 8th, 2014 by olddog
Despite popular belief, very few things in our world are exactly what they seem. That which is painted as righteous is often evil. That which is painted as kind is often malicious. That which is painted as simple is often complex. That which is painted as complex often ends up being disturbingly two dimensional. Regardless, if a person is willing to look only at the immediate surface of a thing, he will never understand the content of the thing.
This fact is nowhere more evident than in the growing “tensions” between the elites of the West and the elites of the East over the crisis in Ukraine.
I am continually astonished at the refusal of many otherwise intelligent people to consider the evidence or even the possibility that there is, in reality, no fundamental political or philosophical conflict between the power brokers of the East and the West. As I outlined in great detail in Russia Is Dominated By Global Banks, Too, the truth is they are both working toward the same goal; and both ultimately benefit from an engineered and theatrical display of international brinksmanship.
Russia, like the United States, is utterly beholden to globalist financiers through organizations like the International Monetary Fund and the Bank for International Settlements. Russia’s global economic adviser in matters ranging from investment image to privatization is none other thanGoldman Sachs.
Goldman Sachs has also worked closely with the Ukrainian government since 2011, and it started its advisory work with Ukraine for free. (Whenever Goldman Sachs does something for free, one should take special note.) Banking elites have been working both sides of the fence during the Russia versus Ukraine charade.
Russia has continued to borrow billions of dollars from Western banks, including Deutsche Bank and Credit Suisse, year after year, proving that they are not averse in the slightest to working closely with "evil Western robber barons".
Russian President Vladimir Putin meets with Mr. New-World-Order himself, Henry Kissinger, on a regular basis; and according to Putin’s press secretary, they are “old friends.” Putin’s meetings with Kissinger began almost immediately after he first took power in 2000.
Putin’s relationship with Kissinger has been so pronounced that the Russian Foreign Ministry gave Kissinger an honorary doctorate in diplomacy, and Putin placed Kissinger at the head of a bilateral “working group” — along with former KGB head and multilateralist (globalist) Gen. Yevgeny Primakov — dealing with foreign policy.
In more recent news, I would also remind pro-Putin cheerleaders that Putin and the Kremlin first pushed for the IMF to take control of the Ukrainian economy, and the IMF is now demanding that Ukraine fight Russia in exchange for financial support. This might seem like irony to more foolhardy observers; but to those who are aware of the false East/West paradigm, it is all the part of a greater plan for consolidation of power.
Clearly, Putin and Russia are just two more puppet pieces on the globalist chessboard, pitted against other puppets in the West in a grand theater designed to distract and divide the masses through chaos. As Kissinger points out, in crisis there is opportunity.
What is the goal? They’ve already told us, openly, on numerous occasions.
The first great prizes of the New World Order are a global currency and centralized economic control. The elites are not satisfied with quiet dominance of individual economies. They want complete political homogenization and the end of all sovereignty. Period. With a global currency in place, the steps towards global government become quick and small.
Heads of state from around the world, including Putin, as well as international bankers and IMF representatives have all publicly called for the IMF to take charge of the global economic system through its Special Drawing Rights currency program.
However, for the SDR to become a dominant currency, certain issues must be resolved. Here’s a short list.
The U.S. Dollar Must Fall
The dollar must lose its world reserve status, and most likely collapse in relative value, before the SDR can be elevated. This is where mainstream pundits lose track of the facts. For them, the dollar is an invincible monetary element, a currency product as infinite as time. Their normalcy bias prevents them from ever acknowledging the many weaknesses of the Federal Reserve note, including our country’s inability to ever service its more than $200 trillion debt. Others believe the dollar is the NWO currency, and that the globalists are somehow U.S.-centric. The evidence posted above suggests otherwise. Globalists have no loyalty to any nation or culture. Their only loyalty is to the progression of their own power. If sacrificing the dollar or the U.S. as a whole furthers that power, then they will have no problem cutting us loose like a rotting appendage.
A Liquidity Replacement Must Be Introduced
As my regular readers know, I have been covering China’s progression toward a decoupling from the U.S. economy for years. China, in my view, has always been the key to the elitist shift into a truly global currency mechanism. The primary argument in the mainstream against the idea of a dollar collapse is that there is no other currency with ample liquidity to take the dollar’s place. Well, in the past couple of years, this has changed.
China and the banks it controls have issued approximately $25 trillion in debt instruments and monetization. This is often referred to as a “debt bubble” created through panic and a weakness in China’s economy and a response to slowed quantitative easing in the United States. I would take a slightly different position. China began issuing Yuan denominated debt instruments in 2005, years before the mainstream had any inkling of the impending derivatives collapse. From then up to today, there has been no practical purpose for China to produce these Yuan denominated equities and securities, unless their target has always been to expand the Yuan market in a covert way.
I would say that China’s monetization has been carefully and deliberately engineered in order to lay the foundation for a massive liquidity spike in the Yuan. The argument that China’s incredible debt generation is a sign of impending collapse may be misguided. U.S. debt, including unfunded liabilities, absolutely dwarfs China’s $25 trillion. China's Yuan debt has barely had time to accrue concrete interest. The U.S., on the other hand, is caught in an endless cycle of interest payments that are slowly but surely eating away the skeleton of our fiscal structure. If any economy is on the verge of implosion, it is that of the United States, not of China.
The Chinese need exponential Yuan circulation. They do not want the Yuan to replace the dollar; instead, they are preparing it for induction into the IMF’s Special Drawing Rights basket. WithChina set to become the world largest economy this year according to World Bank, their inclusion is assured.
But, when might this occur?
The IMF holds an international conference and policy meeting on the SDR every five years. During these meetings, the IMF decides if it will absorb a new currency into the basket and if it will expand the creation or circulation of SDRs around the world. Interestingly, the next IMF conference on the SDR just happens to be scheduled for the end of 2014 to the beginning of 2015.
Another strange coincidence: The U.S. Congress was supposed to vote on legislation for further capital allocations to the IMF by April. The vote never came. The new allocations were to fund an expansion of IMF programs and help with the greater inclusion of BRIC nations in governing decisions. If the U.S. government does not pass this legislation, Russia and other nations have demanded that the IMF move forward without the United States on reforms. At the very least, the U.S. would lose its veto power over IMF decisions. I believe that the timing of this is deliberate, that the U.S. is meant to lose its veto power and that the simultaneous SDR conference will announce the inclusion of the Chinese Yuan, setting the stage for the replacement of the dollar as world reserve.
The SDR will not immediately be issued as a commonly traded currency itself. Rather, the IMF will take over management of included currencies and denominate those currencies using SDR valuations. For example, $1 U.S. is worth only .64 SDR today. In the near future, I expect that the dollar will plummet in relation to the SDR’s value. We will still have our greenbacks when the IMF begins administrating our currency system, but the international and domestic worth of those greenbacks will fall to pennies. In turn, other currencies with stronger economic positions will rise in worth relative to the SDR.
I believe one of the primary determinations in a currency’s value compared to the SDR will be a country’s stockpile of gold. This is why Russia and China in particular have been purchasing precious metals at an unheard-of rate (and why U.S. gold reserves have never been audited). The IMF itself is one of the world’s largest holders of physical gold, with nearly 3,000 metric tons (officially). With the crash of the dollar system and investors clamoring for a reliable hedge to protect whatever savings they have left, gold could conceivably skyrocket into the $5,000 to $10,000 per-ounce range. Governments holding the metal will be favorably placed during an implementation of the SDR as the new reserve standard.
A Cover Event Must Be Created
The centralization of power is best achieved during moments of bewildering calamity. The conjuring of crises is one of the oldest methods of elitist dominance. Not only can they confuse and frighten the masses into malleability, but they can also ride to the public’s rescue as heroes and saviors later on. The Hegelian dialectic is the mainstay of tyrants.
The destruction of the dollar and the institution of a global economic bureaucracy are not actions that can be executed openly by international financiers. These events will coincide with extreme catastrophe, likely worse than the Great Depression era, with millions upon millions of people losing the ability to financially support themselves and their families. Crime, death and public discontent will surely follow. People will be looking for someone to blame. This is where the false East/West paradigm comes in.
It is widely expected that as sanctions snowball between Russia and the U.S. that the dollar will end up on the chopping block. China has asserted its support for Russia in opposition to NATO interference in Ukraine. The stage has been set. I have warned for quite some time that the development of East/West tensions would be used as a cover for a collapse of the dollar system. I have warned that among the American media this collapse would be blamed on an Eastern dump of foreign exchange reserves and treasuries, resulting in a global domino-effect ending U.S. world reserve status. In turn, the international community would be conditioned to see this as the mere bumbling of a spoiled America gone power-mad, rather than the result of a covert program of economic destabilization. This might lead to all-out war or a fiscal firestorm that leaves much of the world crippled and desperate for aid.
In either case, the elitist plan is to use scapegoats and false enemies to draw our attention away from the real culprits: the international banks themselves. Make no mistake: This fight is not about President Barack Obama, it is not about Putin and it is not even about the Federal Reserve. These men are tools, errand boys, public mascots. Do not be fooled by the global stage play being perpetrated. Whatever happens in Ukraine and whatever happens between Russia, China and the West, there are only two real sides to this battle: the elitist establishment, and those who are smart enough to recognize their poison.
You can contact Brandon Smith at: firstname.lastname@example.org. Alt-Market is an organization designed to help you find like-minded activists and preppers in your local area so that you can network and construct communities for mutual aid and defense. Join Alt-Market.com today and learn what it means to step away from the system and build something better.