Categories » ‘Banking Fraud’
April 16th, 2014 by olddog
All of a sudden the government lays claims to your savings. They can't prove you owe them a dime, but you're deprived due process. The legal bills become overwhelming, and so you let your money be stolen. You simply have no choice.
Sound outlandish? It's not. Not in the "Land of the Free" at least.
For example, the US government began intercepting Mary Grice's tax refunds without any warning this tax season. Grice was unaware of the situation until she got a letter stating that her refund had gone to satisfy old debt to the government. Very old debt…In fact, debt she didn't even know about.
That debt stems back to 1960, when Grice was 4, around the time her father died, leaving her mother with five children to raise. Until the kids turned 18, her mother Sadie Grice got survivor benefits from Social Security to help feed and clothe them. But, according to Social Security, something went awry.
Social Security now claims it overpaid someone in the Grice family – though it is not sure whom – in 1977. After 37 years of silence, four years after Sadie Grice died, the government is coming after the daughter. She is not the only one.
Hundreds of thousands of taxpayers will receive letters like the one Grice got. Because of some unknown debt they never even knew about, that might not have anything to do with them, the government is confiscating their money. They won't have their day in court, in most cases, because they don't have the money to fight.
Already in 2014, the US Treasury Department has "intercepted" $1.9 billion in tax refunds, $75 million of which has been delinquent for more than ten years. The effort to collect old debts was ratcheted up in the last three years, the result of a sentence tucked into the farm bill lifting the 10-year statute of limitations on old debts to Uncle Sam. Social Security, the Treasury Department and Congress have all denied seeking the change. Why now?
“We have an obligation to current and future Social Security beneficiaries to attempt to recoup money that people received when it was not due," says Social Security spokeswoman Dorothy Clark.
Since the effort to collect old debts began in 2011, the Treasury Department has collected $424 million in debts that were over 10 years old. The Social Security Administration has found 400,000 taxpayers who collectively owe $714 million on debts over 10 years old. The agency expects to have begun proceedings against all of those people by the summer.
“It was a shock,” said Grice, 58. “What incenses me is the way they went about this. They gave me no notice, they can’t prove that I received any overpayment, and they use intimidation tactics, threatening to report this to the credit bureaus.”
Grice filed a suit against the Social Security Administration alleging they violated her right to due process by holding her responsible for the $2,996 debt supposedly incurred under her father's Social Security number. On its website, The Federal Trade Commission states “family members typically are not obligated to pay the debts of a deceased relative from their own assets.”
But Social Security sees it differently. If a child indirectly receives funds from public money paid to the parent, the children's money is fair game.
“The craziest part of this whole thing is the way the government seizes a child’s money to satisfy a debt that child never even knew about,” says Robert Vogel, Grice’s attorney. “They’ll say that somebody got paid for that child’s benefit, but the child had no control over the money and there’s no way to know if the parent ever used the money for the benefit of that kid…Can the government really bring back to life a case that was long dead? Can it really be right to seize a child’s money to satisfy a parent’s debt?”
Although Grice has a lawyer, most taxpayers whose refunds have been taken say they are unable to contest the confiscations because of the cost.
The Treasury initially held the full amount of Grice’s federal and state refunds, a total of $4,462. Last week, after The Washington Post inquired about Grice’s case, and then the government returned the part of her refund above the $2,996 owed on her father’s account.
But unless the feds can prove that she ever received any of the overpayment, Grice wants all of her money back.
“Look, I love a good fight, especially for principle,” she said. “My mom used to say, ‘This country is carried on the backs of the little people,’ and now I see what she meant. This is really sad.”
Does one need more evidence that the federal government is bankrupt? It's grasping at every last penny it can get by inserting legislation deep inside bills that the House of Representatives doesn't even read. One sentence is all that is needed for your savings to be confiscated. But don't worry, it is all to pay down a trifling US government debt:
Of the hundreds of thousands who have claims by the Treasury or Social(ist) (In)Security against them only 10% win their cases and are absolved of forking over money. There is nothing you can do about bureaucracy once bureaucracy decides to come after you. In the future there will only be more of the same as government agencies seize funds, including the nationalization of IRAs and pensions.
The best way to protect yourself is to get your funds and assets outside of the US preferably not even in your personal name. That is where The TDV Wealth Management Conference comes in. Only here will you learn the ins-and-outs of the new American system, and the options available to you, as an American, at the end of empire. Don't miss out.
Click here to join the discussion at The Dollar Vigilante.
Anarcho-Capitalist. Libertarian. Freedom fighter against mankind’s two biggest enemies, the State and the Central Banks. Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast, Anarchast. Jeff is a prominent speaker at many of the world’s freedom, investment and gold conferences as well as regularly in the media including CNBC, CNN and Fox Business.
April 15th, 2014 by olddog
By Mark Owen
There are two Crowns operant in England, one being Queen Elizabeth II.
Although extremely wealthy, the Queen functions largely in a ceremonial capacity and serves to deflect attention away from the other Crown, who issues her marching orders through their control of the English Parliament.
This other Crown is comprised of a committee of 12 banks headed by the Bank of England (House of Rothschild). They rule the world from the 677-acre, independent sovereign state know as The City of London, or simply 'The City.'
The City is not a part of England, just as Washington, D.C. is not a part of the USA.
The City is referred to as the wealthiest square mile on earth and is presided over by a Lord Mayor who is appointed annually.
When the Queen wishes to conduct business within the City, she is met by the Lord Mayor at Temple (Templar) Bar where she requests permission to enter this private, sovereign state. She then proceeds into the City walking several paces behind the Mayor.
Her entourage may not be clothed in anything other than service uniforms.
In the nineteenth century, 90% of the world's trade was carried by British ships controlled by the Crown. The other 10% of ships had to pay commissions to the Crown simply for the privilege of using the world's oceans.
The Crown reaped billions in profits while operating under the protection of the British armed forces. This was not British commerce or British wealth, but the Crown's commerce and the Crown's wealth.
As of 1850, author Frederick Morton estimated the Rothschild fortune to be in excess of $10 billion [today, the combined wealth of the banking dynasties is $300 trillion]. Today, the bonded indebtedness of the world is held by the Crown.
The aforementioned Temple Bar is the juristic arm of the Crown and holds an exclusive monopoly on global legal fraud through their Bar Association franchises. The Temple Bar is comprised of four Inns of Court. They are, the Middle Temple, Inner Temple, Lincoln's Inn and Gray's Inn. The entry point to these closed secret societies is only to be found when one is called to their Bar.
The Bar attorneys in the United States owe their allegiance and pledge their oaths to the Crown. All Bar Associations throughout the world are signatories and franchises to the International Bar Association located at the Inns of Court of the Crown Temple.
The Inner Temple holds the legal system franchise by license that bleeds Canada and Great Britain dry, while the Middle Temple has license to steal from America.
To have the Declaration of Independence recognized internationally, Middle Templar King George III agreed in the Treaty of Paris of 1783 to establish the legal Crown entity of the incorporated United States, referred to internally as the Crown Temple States (Colonies). States spelled with a capital letter 'S,' denotes a legal entity of the Crown.
At least five Templar Bar Attorneys under solemn oath to the Crown, signed the American Declaration of Independence. This means that both parties were agents of the Crown. There is no lawful effect when a party signs as both the first and second parties. The Declaration was simply an internal memo circulating among private members of the Crown.
Most Americans believe that they own their own land, but they have merely purchased real estate by contract. Upon fulfillment of the contract, control of the land is transferred by Warranty Deed. The Warranty Deed is only a 'color of title.' Color of Title is a semblance or appearance of title, but not title in fact or in law. The Warranty Deed cannot stand against the Land Patent.
The Crown was granted Land Patents in North America by the King of England. Colonials rebelled at the usurious Crown taxes, and thus the Declaration of Independence was created to pacify the poplulace.
Another ruse used to hoodwink natural persons is by enfranchisement. Those cards in your wallet bearing your name spelled in all capital letters means that you have been enfranchised and have the status of a corporation. A 'juristic personality' has been created, and you have entered into multi-variant agreements that place you in an equity relationship with the Crown.
These invisible contracts include, birth certificates, citizenship records, employment agreements, driver's licenses and bank accounts. It is perhaps helpful to note here that contracts do not now, nor have they ever had to be stated in writing in order to be enforceable by American judges. If it is written down, it is merely a written statement of the contract.
Tax protestors and (the coming) draft resistors trying to renounce the parts of these contracts that they now disagree with will not profit by resorting to tort law (fairness) arguments as justification. Judges will reject these lines of defense as they have no bearing on contract law jurisprudence. Tort law governs grievances where no contract law is in effect.
These private agreements/contracts that bind us will always overrule the broad general clauses of the Constitution and Bill of Rights (the Constitution being essentially a renamed enactment of English common law). The Bill of Rights is viewed by the Crown as a 'bill of benefits,' conferred on us by them in anticipation of reciprocity (taxes).
Protestors and resistors will also lose their cases by boasting of citizenship status. Citizenship is another equity agreement that we have with the Crown. And this is the very juristic contract that Federal judges will use to incarcerate them. In the words of former Supreme Court Justice Felix Frankfurter, "Equity is brutal, but we are merely enforcing agreements." The balance of Title 42, section 1981 of the Civil Rights Code states, " .citizens shall be subject to like punishment, pains, penalties, taxes, licenses, and exactions of every kind"
What we view as citizenship, the Crown views as a juristic enrichment instrumentality. It also should be borne in mind that even cursory circulation or commercial use of Federal Reserve Notes effects an attachment of liability for the payment of the Crown's debt to the FED. This is measured by your taxable income.
And to facilitate future asset-stripping, the end of the 14th
amendment includes a state of debt hypothecation of the United States, wherein all enfranchised persons (that's you) can be held personally liable for the Crown's debt.
The Crown views our participation in these contracts of commercial equity as being voluntary and that any gain accrued is taxable, as the gain wouldn't have been possible were in not for the Crown. They view the system of interstate banks as their own property. Any profit or gain experienced by anyone with a bank account (or loan, mortgage or credit card) carries with it – as an operation of law – the identical same full force and effect as if the Crown had created the gain.
Bank accounts fall outside the umbrella of Fourth Amendment protection because a commercial contract is in effect and the Bill of Rights cannot be held to interfere with the execution of commercial contracts. The Crown also views bank account records as their own private property, pursuant to the bank contract that each of us signed and that none of us ever read.
The rare individual who actually reads the bank contract will find that they agreed to be bound by Title 26 and under section 7202 agreed not to disseminate any fraudulent tax advice. This written contract with the Crown also acknowledges that bank notes are taxable instruments of commerce.
When we initially opened a bank account, another juristic personality was created. It is this personality (income and assets) that IRS agents are excising back to the Crown through taxation.
A lot of ink is being spilled currently over Social Security.
Possession of a Social Security Number is known in the Crown's lex as 'conclusive evidence' of our having accepted federal commercial benefits. This is another example of an equity relationship with the Crown. Presenting one's Social Security Number to an employer seals our status as taxpayers, and gives rise to liability for a reciprocal quid pro quo payment of taxes to the Crown.
Through the Social Security Number we are accepting future retirement endowment benefits. Social Security is a strange animal. If you die, your spouse gets nothing, but rather, what would have gone to you is divided (forfeited) among other premium payers who haven't died yet.
But the Crown views failure to reciprocate in any of these equity attachments as an act of defilement and will proceed against us with all due prejudice.
For a person to escape the tentacles of the Crown octopus, a thoroughgoing study of American jurisprudence is required. One would have to be deemed a 'stranger to the public trust,' forfeit all enfranchisement benefits and close all bank accounts, among other things.
Citizenship would have to be made null and forfeit and the status of 'denizen' enacted. If there are any persons extant who have passed through this fire, I would certainly appreciate hearing from them.
April 9th, 2014 by olddog
An interesting and informative response to my earlier e-mail about the Doctrine of Separation of Powers. I think all will be interested in this follow up from a very trusted friend. PLEASE, pay special attention to #11.
GOD Bless Mairi
What "We the People" must PRESENT, as in EXPOSE through PUBLICATION, in every form possible, are the absolute FACTS about the IBA, a.k.a. "International Bar Association," the ABA, a.k.a. "American Bar Association," the IBA, a.k.a. "Illinois Bar Association," all ABA "District Bar Associations," the CBA, a.k.a. "Colorado Bar Association," etc., etc., etc., and the Names of ANY B.A.R. members, whether a Congressman, Government Counselor, Advisor, General Counsel, US Attorney General, State Attorney General, District Attorney, Deputy District Attorney, City Attorney, County Attorney, Justice, Judge, or any Attorney-At-LAW, found to be practicing their nefarious craft in "Public Service."
With only a handful of exceptions out of the 400,000 ABA members, these B.A.R. members, a.k.a. "Citizens & Subjects of the City of London, England, will be found "GUILTY" of a host of "High Crimes & Misdemeanors," including "Treason," and Election's (Voter) Fraud, in each and every township, county, and State, across American, wherein, there is NOT a single Judge, ANYWHERE, that has been properly & CONSTITUTIONALLY SEATED to hear, review, adjudicate, or rule upon any suit of law or equity brought before them. This includes all Federal US Courts, State Supreme Courts, District Courts, County Courts, and down to the lowly Municipal Magistrate.
And the irrefutable & undeniable arguments include, but are NOT limited to the following;
1). As "Public Officials," "Public Servants," "Officials of Trust," "Government Employees," "Trustees," etc., ALL CANDIDATES, whether INCUMBENT, or CHALLENGER, must be VETTED, beginning with the Pre-Primaries, by "WE THE PEOPLE," must be "ELECTED TO SERVE" BY a MAJORITY of "WE THE PEOPLE (THE SOVEREIGN), and NO National Election, or individual VOTE, can be "Abridged," "cut short," or subject to the Unconstitutional Corporate Electoral College!"
A). ALL APPOINTMENTS must be in compliance with ALL State & Federal Constitutional Laws, which mean they must be APPOINTED WITH THE FULL KNOWLEDGE, UNDERSTANDING, AND THE CONSENT OF "WE THE PEOPLE!"
2). ALL "Public Officials," by whatever name, title, or position, must meet the clear & unambiguous requirements of the "Original XIII Amendment," wherein all Titles of Nobility, acceptance of compensation, office, or emoluments, from any King, Prince, or Foreign power, are strictly PROHIBITED, and violators will LOSE THEIR CITIZENSHIP!
3). ALL "Public Officials," by whatever name, title, or position, must take and be given a PROPER OATH OF OFFICE, pursuant USC Title #5, Code #331.
4). ALL "Oaths of Office" must be properly filed with SOS, or County Clerk, and securitized through the application and issuance of a Fidelity, Performance, or Surety Bonds, which specifically state the names of "Insurer," the "Insured," the "Trustee," and the "Beneficiary," along with the monetary amounts available for recourse, or claim.
5). ALL violations of "Oaths of Office" are acts of "Perjury," which create an "Invasion of Legal Right(s)," a.k.a. "Injury/Injuries" and are indictable, and prosecutable, as "Criminal Acts" against the Sovereign.
6). There are NO Judicial Immunities allowable under ANY State or Federal Constitution, wherein ALL violations of an "Oath of Office" comprise "FRAUD Upon the Court," and are "Criminal in Nature!"
7). There are NO Statutes of Limitations where FRAUD is the Crime!
8). "We the People," however defined, or described, CANNOT be "Incorporated," and "Corporations" are NOT "Persons!" "Corporations" are "artificial," while "persons," and/or "people" are Living, Breathing, Flesh & Blood BE'ings!
9). "Persons having signed Allegiance to a Corporation, whether "For Profit," or "Non-Profit," are defined under CONTRACT (UCC) LAW as "Corporate Property & Possessions," and as such, they are legally "Slaves," and Slavery with in ALL US & State Boundaries, is UNCONSTITUTIONAL! All "Corporations imposing Slavery as policy" within State or Federal boundaries, are UNCONSTITUTIONAL!
10). ANY attempt to Enslave "We the People" as "Corporate Property or Possessions," is UNCONSTITUTIONAL, and all "Contracts" alluding such, is NULLIFIED upon the document's issuance, and such "Contracts" are not enforceable, nor are "the People" obligated to obey them, pursuant "Marbury V. Madison."
11). Under "Rules and Orders" of the SUPREME COURT OF THE UNITED STATES, "The Chief Justice in answer to the motion of the Attorney General, made yesterday, informs him and the bar, that this court consider the practice of the courts of king's bench, and of chancery, in England, as affording outlines for the practice of this court; and that they will, from time to time, make such alterations therein as circumstances may render necessary."——VII.—1791, AUGUST 8, JOHN JAY, Chief Justice.
12). Who could have guessed, or who would have known, that the Plunder & Derogation of our Nation by a Foreign Power had begun on AUGUST 8, 1791?
Just some thoughts to consider!
My Life, My Fortune, My Sacred honor, So help Me God
This tragedy is only exceeded by the school teachers who failed to teach it to their students, and is why today our citizens are so politically ignorant, and our country is on the verge of extinction. Let’s face facts; if the teachers are hired to educate our children, does it not make sense they should be qualified by knowing the real history of the union, so they could teach it? I discovered this years ago with only a GED. Let me explain why this is so important.
04 09 14 A State of National Emergency
Posted by Keith Broaders
Most people have the mistaken impression the Constitution limits the power of government at all times. The truth of the matter is during a state of war or national emergency, the President and Congress can do virtually anything they wish if they feel that it is necessary for the safety and security of the nation.
During periods of war or national emergency the Constitution is suspended in favor of a martial law. On March 8 all of the state legislatures voted to declare a state of national emergency and gave the President the authority to assume dictatorial powers during Great Depression, The states voted to suspend the Constitution and on March 9 ,1933 President Roosevelt announced the nation's financial crisis necessitated the temporary suspension of the Constitution.
In 1917, President Woodrow Wilson signed the Trading with the Enemies Act which gave him the authority to assume unconstitutional powers during the time of war. In 1933 President Roosevelt convinced Congress that during a national emergency he would need to assume powers that were not granted to him in the Constitution.
Congress and the President are not required to follow the Constitution during the time of war or national emergency and the national emergency declared in 1933 has never been lifted. The President since the suspension of the Constitution has been a military dictator and Congress has allowed him to ignore his duties and responsibilities as defined in the Constitution.
The only way we can restore the Constitution is for Congress to declare the end of the state of national emergency. Each of the states must pass legislation revoking the consent that they gave to the President in 1933.
Send a copy of this to your State Representatives, and ask them why in the hell they don’t take OBUMAS power away, and give it back to the congress. You can also tell them they should have done it years ago if they had any guts to face the Bankers. Also ask them to prove our gold holdings with a real audit. Maybe you will understand there is no gold, and that’s why there is no real CONGRESS. America was born dead, and the article above this one proves it as we have never had a Constitutional Judiciary, and it got progressively worse as time went on, and the Bankers kept manipulating the government to protect their power over money. Money power has always been our real government. We have never had one single Constitutionally elected office holder. Our Constitution is what the bankers say it is. ONLY A NATIONALLY EDUCATED CITIZENS REVOLT CAN FREE US, AS THE WHOLE WORLD ONLY RECOGNIZES THE WINNERS OF A WAR AS LEGITIMATE GOVERNMENTS. You either fight for your freedom or you accept slavery. England was never defeated, they changed tactics to save money, because they were going broke.
April 4th, 2014 by olddog
Numerous cultures have had holidays dedicated to the celebration of pulling the wool over the eyes of others, from the ancient Romans, to early Muslims, to medieval Christians, to Americans and Europeans today. As April begins, we once again turn a mischievous eye to the concept of the fool and, as always, each person seeks to be the prankster and never the victim.
Unfortunately, even the most vigilant of Americans can sometimes be led astray by a clever ruse, and I believe this is taking place today in the Liberty Movement’s perception of the rising “tensions” between Russia and the West.
In my article Ukraine Crisis: Just Another Globalist-Engineered Powder Keg, I outlined the history of false paradigms and engineered conflicts between numerous nations, including how these conflicts are exploited by global money interests to consolidate and centralize social and political power. The birth of communist Russia, in particular, was directly funded by Western banks and supported with arms and military aid from the U.S. government itself. These sorts of startling facts are not taught in schools and universities exactly because the continued dominance of the money elite relies on continued misrepresentations of legitimate history.
Many in the Liberty Movement have studied and are well aware of the central banking cabal and its stranglehold on the U.S. and Europe. But strangely, some people refuse to acknowledge the substantial possibility that global bankers are also in control of Russia and are playing both sides of the burgeoning economic war.
As the Ukrainian crisis festers and other dangers in the Pacific and the Mideast grow, an odd consensus among alternative analysts is taking hold — namely the belief that President Vladimir Putin and Russia represent some kind of opposition to globalization and the rule of corporate financiers. Perhaps moments in Putin’s rhetoric and the existence of media outlets like RT have seduced elements of the Liberty Movement into assuming that Russia is a “victim” in the grand schemes of Western oligarchy and that Russia is truly the "white knight", the underdog willing to stand up against the New World Order. I’m sorry to say that nothing could be further from the truth.
Russia is just as much a tool of the global elite today as it was after the Bolshevik Revolution, and Vladimir Putin is just as much a socialist puppet as Barack Obama. Let’s start from the beginning of the rebirth of Russia as a regional federation in the 1990s after the fall of the Warsaw Pact.
Mikhail Gorbachev, the leader largely credited with the ultimate dismantling of the Soviet Union and the rise of the “new” Russia, has long been a proponent of the “New World Order” (his words) and centralized global government. In an address entitled “Perspectives On Global Change” to the students of Lafayette College in Easton, Penn., Gorbachev argued that such a solution was necessary to safeguard “freedom.”
The opportunities that existed after the end of the Cold War… were not used properly. At that same time, we saw that the entire world situation did not develop positively. We saw deterioration where there should have been positive movement toward a new world order.
But we still are facing the problem of building such a world order. We have crises: we are facing problems of the environment, of backwardness and poverty, of food shortages. All of these problems are because we do not have a system of global governance.
When asked in 1995 by San Francisco Weekly what Gorbachev meant by the phrase “New World Order,” Jim Garrison, the executive director of the Gorbachev Foundation stated, bluntly that Gorbachev wanted nothing less than global government.
Over the next 20 to 30 years, we are going to end up with world government. … It’s inevitable. It will happen and become just as normal to have a relationship with the rest of the world as we now have, say, if you are a Californian and you go to Vermont.
Take note that it has now been almost 20 years since Garrison's assertion and the motions towards a global currency are picking up great speed. Gorbachev saw global government being achieved through international organizations like the United Nations, the International Monetary Fund and the World Bank. But, is this vision of the New World Order limited only to Gorbachev and his inner circle? At the Gorbachev-led State of the World Forum in 1995, Council On Foreign Relations member Zbigniew Brzezinski had this to say:
We do not have a New World Order. … We cannot leap into world government in one quick step. … In brief, the precondition for eventual globalization — genuine globalization — is progressive regionalization, because thereby we move toward larger, more stable, more cooperative units.
In Zbigniew K. Brzezinski’s book Between Two Ages: America’s Role In The Technetronic Era, he elaborates on the ideology behind what brand of government the New World Order would be:
The nation-state is gradually yielding its sovereignty… More intensive efforts to shape a new world monetary structure will have to be undertaken.
National sovereignty is no longer a viable concept… Marxism represents a further vital and creative state in the maturing of man’s universal vision. Marxism is simultaneously a victory of the external, active man over the inner, passive man and a victory of reason over belief…
Brzezinski seems to be in total agreement with Gorbachev, but why should anyone care what Brzezinski thinks about the future of American sovereignty? Perhaps it’s because he is a close and influential foreign policy adviser to Obama.
So we have now established that political interests on both sides since the 1990s have called for a New World Order and global government taking a decidedly socialist or Marxist form. Some people might applaud this kind of future, or they might despise it; but the fact remains that this plan is indeed being openly promoted and implemented by government officials and elitists in the East and the West. It is undeniable.
From its very inception, the new Russia was designed to become a catalyst for global governance, but global governance by whom? As they say, always follow the money.
Russia is more beholden to international bankers than perhaps any nation on the planet. After the collapse of the Russian economy and the dissolution of the old Soviet Union, the country was in dire straits. From 1992 to 1996, the IMF intervened in the Russian economy, offering more than $22 billion in aid (officially). This first loan package was presented as a failure when Russia defaulted on its debts, and loans from the IMF restarted through the late ’90s until this very day.
Many people are aware of the IMF involvement in Russia, but few know about the scandal surrounding where those IMF funds specifically went. In 1999, information was made public on the diversion of IMF cash into the coffers of Russian corporate elites, politicians, and even mobsters. This money was supposed to go toward the rebuilding of Russian infrastructure and economy. Instead, the aristocracy and criminal underworld were receiving a large cut of the funds.
The money was diverted and laundered through the Bank of New York, an institution founded in 1784 by none other than internationalist agent and central bank promoter Alexander Hamilton. The bank changed ownership through merger in 2007 and is now called The Bank Of New York Mellon.
The IMF’s first response to the scandal was to divert blame, stating that it had no control over the cash once it was in the hands of the Central Bank of Russia (CBR). After continued revelations on funds being misused or disappearing altogether, the IMF commissioned PricewaterhouseCoopers to audit the CBR. The results of that audit have never been made public. However, in 1999 the Russian government admitted that it had hidden more than $50 billion offshore in a subsidiary bank in the Channel Islands. Part of this money came from IMF bailouts. The former chairman of the CBR, Sergey Dubinin, insisted that the IMF was fully aware of who the funds were going to.
Numerous officials from the chief state auditor to the minister of internal security to the prosecutor general of Russia had come forward with information that corroborated evidence that IMF money was being distributed to the wrong people. The chairman of the Duma Committee on Security stated that some of the IMF loans never made it to Russia. Rather, the money was pumped into the secret foreign accounts of Russia’s highest officials.
Despite all of the admissions and evidence, IMF auditors refused to cite any corruption or malfeasance during their investigations. One would think that they would do everything in their power to find out where their funds went and why. The reason for the cover-up is obvious: The IMF knew exactly who the money was going to. The first bailouts of Russia were designed to buy the cooperation of the Russian political and corporate elite and ensure that the future direction of the nation would follow the globalist plan.
Fast-forward to the present. Putin continues the subversive relationship between Russia and the IMF. In 2009, Putin called for the creation of a “super reserve currency” under the control of the IMF and using the IMF’s Special Drawing Rights basket as a foundation.
Why would Putin, a supposedly anti-globalist nationalist leader, want the IMF, a supposedly U.S.-controlled institution, to be the global purveyor and overlord of the world economy? It’s because the IMF is not a U.S.-controlled institution; it is a banker-controlled institution. And Putin is a globalist, not a nationalist.
The recent break of Crimea from Ukraine and secession to Russia was partly instigated by the vast concessions required by the IMF if loans to Ukraine were to move forward. One of these concessions included the handing over of Ukrainian gas pipelines to America’s Chevron. Crimean leaders accused Kiev politicians of selling out Ukraine to the global bankers.
However, it was actually Russia’s finance minister and Putin who first pushed for the IMF bailout of Ukraine. It was, in fact, Putin who wanted Ukraine to “sell out” to Western financiers.
Russia’s central bank is also a member of the Bank of International Settlements, the good-old-boys club of the international banking world. The BIS was founded in 1930 and served as the focal point of globalization until after World War II, when evidence arose that the organization had helped the Nazis by funding the German war machine, laundering money for Gestapo officials and hiding funds looted from Europe by the Third Reich.
Due to the scandal, the BIS took a back seat to the IMF and World Bank; but it still exists today. Carroll Quigley, Council on Foreign Relations member, elitist insider and mentor to Bill Clinton, had this to say about the BIS in his book Tragedy And Hope:
The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations. Each central bank, in the hands of men like Montagu Norman of the Bank of England, Benjamin Strong of the New York Federal Reserve Bank, Charles Rist of the Bank of France, and Hjalmar Schacht of the Reichsbank, sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world.
Putin has been elevated to heroic status in much of the mainstream media over the years. TIME magazine, a long-running globalist publication, recently published a front-page article with this tagline: “America’s weak and waffling. Russia’s rich and resurgent — and its leader doesn’t care what anybody thinks of him.”
This cover was used by TIME in every country in which it is distributed, except the United States.
The Times of Britain named Putin “Man Of The Year” in 2013. In Liberty Movement circles, Putin worship has been growing to disturbing levels. I would say at least half of our movement truly believes Putin and Russia to be a guiding light in the fight against globalization and the New World Order. Unfortunately, many people look for heroes to save them when they should be looking to themselves. Putin’s nomination for a Nobel Peace Prize for his “intervention” in the Syrian crisis is celebrated by many freedom fighters here in America, when, in reality, the Obama Administration’s failure to achieve a war footing in the region had nothing to do with the actions of Russia.
Remember, Russia and the U.S. are nothing but false champions dueling in a fake gladiator match paid for by the IMF. The war against Syria was thwarted because the elites were unable to garner enough public support from the American people to make the action viable. Every engineered war needs a gullible percentage of the population to give it momentum. Why didn’t they get their following from the public? It was because of the tireless efforts of the alternative media.
It was the Liberty Movement that exposed the lies behind the Syrian insurgency; the consulate attack in Benghazi, Libya; the CIA’s involvement with al-Qaida in Damascus, etc. It is the Liberty Movement that deserves the credit for disrupting the globalist plan to use Syria as a trigger event for a false confrontation between the U.S. and Russia. Yet many are cheering the elitist puppet Putin while he takes credit for our accomplishments.
The most frightening aspect of the false paradigm between East and West is the potential it creates for the co-option of liberty proponents here in America. If we allow ourselves to be suckered into cheerleading for Russia, or any controlled government for that matter, then we have lost. We will be swallowed up in the tides of war, while supporting false prophets and artificial protagonists. Our mission, the mission for a truly free and sovereign America, will be lost in the confusion and chaos of the global chess game. It is time to accept that the fate of this country and perhaps the future of human freedom rest solely on the shoulders of the resistance here at home. There is no nation out there in the ether of central banking that is going to help us. The sooner we come to terms with the reality that we are on our own, the stronger we will be when the fight begins.
You can contact Brandon Smith at: firstname.lastname@example.org. Alt-Market, where this first appeared, 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.
March 30th, 2014 by olddog
By Stephen Lendman
March 30, 2014
Subject: Police State
None in human history compare to America. It's by far the most lawless. It's the world's most egregious civil and human rights abuser.
It's done more harm to more people for longer than any combination of other nations. None match its ruthlessness.
It's genocidal legacy is longstanding. It began in pre-colonial days. Expanding America from sea to shining sea claimed tens of millions of lives.
Mass extermination became policy. Centuries of slaughter reduced America's indigenous population to a tiny fraction of its original numbers.
Ward Churchill's chilling quote bears repeating. He minced no words, saying:
Millions were "hacked apart with axes and swords, burned alive and trampled under horses, hunted as game and fed to dogs, shot, beaten, stabbed, scalped for bounty, hanged on meathooks and thrown over the sides of ships at sea, worked to death as slave laborers, intentionally starved and frozen to death during a multitude of forced marches and internments, and, in an unknown number of instances, deliberately infected with epidemic diseases."
Five centuries of slavery were horrific. Black Africans were captured, branded, chained, force-marched, beaten, encaged, and stripped of their humanity.
Around 100 million were sold like cattle. Millions perished during the Middle Passage.
Imagine packing human beings like cargo. Imagine them under deplorable conditions. Imagine them in coffin-sized spaces.
Imagine practically one atop others in extreme discomfort. Imagine poor ventilation, dysentery, smallpox, ophthalmia, and other epidemic-level diseases.
Imagine dark, filthy, slimy, bloody, vomity conditions below deck. Imagine it filled with human excrement.
Imagine women beaten and raped. Imagine claustrophobia driving some victims insane.
Imagine floggings and clubbings to death. Imagine anyone thought diseased dumped overboard like garbage.
Imagine 50 million or more lost lives. Imagine slave traders calling it a cost of doing business.
Genocidal US policy continues in new forms. Mass murder proceeds efficiently.
Technological advances facilitate it. America's killing machine knows no limits. One genocide follows others.
Countries are ravaged and destroyed. Neither world war should have been waged. Tens of millions died needlessly.
Making the world safe for democracy is a convenient illusion. America tolerates it nowhere.
Achieving unchallenged raw power drives US policy. Mass slaughtering human beings doesn't matter.
Imperial Japan was defeated many months before WW II ended. In February and March 1945, Tokyo was gratuitously firebombed twice.
So were many other Japanese cities. Hundreds of thousands of civilians perished. Millions were left homeless.
Hiroshima and Nagasaki were two of history's great crimes. Imaging incinerating civilians gratuitously.
Imagine horrific radiation poisoning. Imagine disfigurations and birth defects. Imagine the effects of what happened still being felt.
Imagine no apologies for generations of crimes. Imagine turning North Korea into rubble. Imagine running out of targets to bomb.
Imagine an uneasy armistice persisting. Imagine possible nuclear war erupting. Imagine East Asia caught in the fallout.
Imagine crazed US policymakers bearing full responsibility. Imagine Washington's unparalleled killing machine power.
Imagine ruthlessness writ large. Imagine horrendous suffering beyond human comprehension. Imagine all humanity threatened.
America's post-WW II ravaging repeats with disturbing regularity. Southeast Asia was laid waste. Proxy wars killed millions worldwide.
All US direct, indirect and supported wars have no rules. Laws of war are ignored. Rampaging goes unchecked.
America was complicit in Rwandan massacres. Desert Storm was a well-planned criminal attack.
Essential to life facilities were destroyed. Tens of thousands were gratuitously slaughtered.
Twelve years of genocidal sanctions followed. Children under age five suffered most. Bush II killed millions more.
Afghanistan remains America's longest war. No end in sight looms. The cradle of civilization was destroyed.
Free market plunder replaced it. Inside the bubble is paradise. Outside reflects dystopian hell.
Balkan wars destroyed the former Yugoslavia. They culminated in US-led NATO terror-bombing Serbia/Kosovo.
Thousands of sorties ravaged and destroyed them. Imagine considering schools, churches, hospitals and cultural landmarks strategic targets.
Imagine a gratuitous humanitarian disaster. Imagine it against one nonthreatening country after another.
Libya remains a cauldron of violence. No one is safe anywhere. Obama's war on Syria continues. Iran's turn awaits.
Expect other targeted countries to be attacked. Expect no safe place to hide.
Imagine the supreme crime of aggression. Imagine it ongoing in multiple theaters.
Imagine America's dirty handiwork. Imagine crimes too grim to ignore. Imagine genocide as official policy.
Imagine new victims following earlier ones. Imagine dead bodies piling up. Imagine young boys and girls. Imagine the elderly, infirm and disabled.
Imagine America bearing full responsibility for devastated landscapes. Imagine what desperately needs ending continued.
Imagine humanity threatened. Imagine media scoundrels cheerleading what demands condemnation.
Imagine supporting Israel's killing machine. Imagine billions of annual aid dollars supporting it.
Imagine ongoing subjugating talks called peace ones. Imagine longstanding occupation turning Palestine into a virtual open-air prison.
Imagine being denied all rights. Imagine world leaders turning a blind eye. Imagine dying for many being their only escape.
Imagine what no human being should tolerate being done to another.
Imagine Washington and Israel partnering in each other's crimes. Imagine both nations being lawless warrior states.
Imagine them using weapons causing injuries, disfigurements and other effects never seen before.
Imagine unparalleled barbarism. Imagine crimes against humanity without end. Imagine weapons able to end life on earth. Imagine possibly using them.
Imagine hubris writ large threatening everyone. Imagine overreach risking armageddon.
Washington's Ukrainian agenda reflects its latest imperial adventurism. Protests didn't erupt by chance.
They were well-planned in advance. At issue is weakening and isolating Russia. It's turning Kiev West, not East. It's plundering its resources. It's exploiting its people.
It's incorporating all former Soviet republics and Warsaw pact countries into NATO. It's establishing US bases on Russia's borders.
It's having nuclear-armed missiles targeting its heartland.
Including Ukraine in NATO risks WW III.
America, Israel and key EU partners comprise the real axis of evil. They're out-of-control rogue states.
Former French Prime Minister Georges Clemenceau (1841 – 1929) once said "America is the only nation in history which miraculously has gone directly from barbarism to degeneration without the usual interval of civilization."
Oscar Wilde (1854 – 1900) said the same thing. He called patriotism "the virtue of the vicious."
George Bernard Shaw (1856 – 1950) called democracy "a form of government that substitutes elections by the incompetent many for the appointment of the corrupt few."
Perhaps he had America in mind. Obama's rap sheet reflects the worst of its policies. He's in charge until January 2017.
He's got lots more warmaking in mind. He plans hardening America's police state apparatus. He wants dissent silenced.
He wants opposition crushed. He wants freedom destroyed. It hangs by a thread. So does world peace.
Neocon infested Washington wages war on humanity. Obama risks extinguishing it altogether. Stopping him matters most.
Resistance is crucial. It's our only defense. Solidarity unites us. We're all in this together. We're on our own to survive.
Stephen Lendman lives in Chicago. He can be reached at email@example.com.
His new book is titled "Banker Occupation: Waging Financial War on Humanity."
Visit his blog site at sjlendman.blogspot.com.
Listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network.
It airs Fridays at 10AM US Central time and Saturdays and Sundays at noon. All programs are archived for easy listening.
It’s after reading articles like this that I would give all I own for the ability to write as clearly as Jefferson’s Voice, Stephen Lendman, Brandon Smith, Brandon Turbeville, and so many other great word smiths. Not to make money or fame, but to create a hole in the hearts of many readers and fill it with elucidations they would never forget. Please forgive my uneducated word fumbles as I try to explain the agony of discovering how complicit I have been in the past with this excruciatingly false patriotism that makes us convinced we were doing good by killing and other atrocities to our fellow human beings. Now that I know the real circumstances surrounding Americas’ wars, and how I, and so many others ate it up like feeding a starving man, my shame is an unbearable stench in my mind. What makes it even worse is there are still men I love like brothers should, who would reject me forever without even considering why I have changed, if they read this. Since I am not a silver tongued gymnast, I feel challenged to express my hatred of the people who created an education, and media industry that would turn normal human beings into brutal murders of other humans while glorying in a sense of rightist superiority. The past history of the United States of America is no doubt why there are so few interested in studying history. Once you learn the truth, it’s damn hard to look in a mirror. I pray my brothers will take the time to learn why I can no longer praise my country. All it took was a hand full of genius Bankers, and we became stupid brain washed monsters. At this point in our history, we must redeem our selves by sending these Bankers and their elite lackeys to an agonizing extermination. We must never again let our country become A Nation Beguiled. This is not a denial of responsibility for our atrocities, but an acknowledgement of how we were made to feel justified by being loyal to a piece of cloth. Being free from government tyranny (the Bankers Pawns) means being constantly informed and alert to subversive politicians as they attempt to follow orders from above. Never think for a moment that we are choosing the lesser of two evils, as elections are the most polluted of all their tools. The statist mentality is an admission of being totally uninformed. Only weak minded people need leaders, as the laws of nature are imprinted on an informed mind. Never believe you need a collage degree to know right from wrong. It’s written on your heart. If we continue to believe the lies of the politicians we will be eliminated.
February 26th, 2014 by olddog
By Thorsten Polleit
on February 26, 2014
Credit is a wonderful tool that can help advance the division of labor, thereby increasing productivity and prosperity. The granting of credit enables savers to spread their income over time, as they prefer. By taking out loans, investors can implement productive spending plans that they would be unable to afford using their own resources.
The economically beneficial effects of credit can only come about, however, if the underlying credit and monetary system is solidly based on free-market principles. And here is a major problem for today’s economies: the prevailing credit and monetary regime is irreconcilable with the free market system.
At present, all major currencies in the world — be it the US dollar, the euro, the Japanese yen, or the Chinese renminbi — represent government sponsored unbacked paper, or, “fiat” monies. These monies have three characteristic features. First, central banks have a monopoly on money production. Second, money is created by bank lending — or “out of thin air” — without loans being backed by real savings. And third, money that is dematerialized, can be expanded in any quantity politically desired.
A fiat money regime suffers from a number of far-reaching economic and ethical flaws. It is inflationary, it inevitably causes waves of speculation, provokes bad investments and “boom-and-bust” cycles, and generally encourages an excessive built up of debt. And fiat money unjustifiably favors the few at the expense of the many: the early receivers of the new money benefit at the expense of those receiving the new money at a later point in time (“Cantillon Effect”).
One issue deserves particular attention: the burden of debt that accumulates over time in a fiat money regime will become unsustainable. The primary reason for this is that the act of creating credit and money out of thin air, accompanied by artificially suppressed interest rates, encourages poor investments: malinvestments that do not have the earning power to service the resulting rise in debt in full.
Governments are especially guilty of accumulating an excessive debt burden, greatly helped by central banks providing an inexhaustible supply of credit at artificially low costs. Politicians finance election promises with credit, and voters acquiesce because they expect to benefit from government’s “horn of plenty.” The ruling class and the class of the ruled are quite hopeful that they can defer repayment to future generations to sort out.
However, there comes a point in time when private investors are no longer willing to refinance maturing debt, let alone finance a further rise in indebtedness of banks, corporations, and governments. In such a situation, the paper money boom is doomed to collapse: rising concern about credit defaults is a deadly enemy to the fiat money regime. And once the flow of credit dries up, the boom turns into bust. This is exactly what was about to happen in many fiat currency areas around the world in 2008.
A fiat money bust can easily develop into a full-scale depression, meaning failing banks, corporations filing for bankruptcy, and even some governments going belly up. The economy contracts sharply, causing mass unemployment. Such a development will predictably be interpreted as an ordeal — rather than an economic adjustment made inevitable by the ravages of the preceding fiat money boom.
Everyone — those of the ruling class and those of the class of the ruled — will predictably want to escape disaster. Threatened with extreme economic hardship and political desperation, their eyes will turn to the central bank which, alas, can print all the money that is politically desired to keep overstretched borrowers liquid, first and foremost banks and governments.
Running the electronic printing press will be perceived as the policy of the least evil — a reaction that could be observed many times throughout the troubled history of unbacked paper money. Since the end of 2008, many central banks have successfully kept their commercial banks afloat by providing them with new credit at virtually zero interest rates.
This policy is actually meant to make banks churn out even more credit and fiat money. More credit and money, provided at record low interest rates, is seen as a remedy of the problems caused by an expansion of credit and money, provided at low interest rates, in the first place. This is hardly a confidence-inspiring route to take.
It was Ludwig von Mises who understood that a fiat money boom will, and actually must, ultimately end in a collapse of the economic system. The only open question would be whether such an outcome will be preceded by a debasement of the currency or not:
The boom cannot continue indefinitely. There are two alternatives. Either the banks continue the credit expansion without restriction and thus cause constantly mounting price increases and an ever-growing orgy of speculation, which, as in all other cases of unlimited inflation, ends in a “crack-up boom” and in a collapse of the money and credit system. Or the banks stop before this point is reached, voluntarily renounce further credit expansion and thus bring about the crisis. The depression follows in both instances.
A monetary policy dedicated to averting credit defaults by all means would speak for a fairly tough scenario going forward: depression preceded by inflation. This is a scenario quite similar to what happened, for instance, in the fiat money inflation in eighteenth-century France.
According to Andrew Dickson White, France issued paper money
seeking a remedy for a comparatively small evil in an evil infinitely more dangerous. To cure a disease temporary in its character, a corrosive poison was administered, which ate out the vitals of French prosperity.
It progressed according to a law in social physics which we may call the "law of accelerating issue and depreciation." It was comparatively easy to refrain from the first issue; it was exceedingly difficult to refrain from the second; to refrain from the third and with those following was practically impossible.
It brought … commerce and manufactures, the mercantile interest, the agricultural interest, to ruin. It brought on these the same destruction which would come to a Hollander opening the dykes of the sea to irrigate his garden in a dry summer.
It ended in the complete financial, moral and political prostration of France — a prostration from which only a Napoleon could raise it. 
Note: The views expressed in Daily Articles on Mises.org are not necessarily those of the Mises Institute.
Comment on this article. When commenting, please post a concise, civil, and informative comment.
Thorsten Polleit is chief economist of the precious-metals firm Degussa and co-founder of the investment boutique Polleit & Riechert Investment Management LLP. He is honorary professor at the Frankfurt School of Finance & Management and adjunct scholar of the Mises Institute. He was awarded the 2012 O.P. Alford III Prize in Libertarian Scholarship. His website is www.Thorsten-Polleit.com. Send him a mail. See Thorsten Polleit's article archives.
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 Ludwig von Mises. Interventionism: An Economic Analysis. Irvington-on-Hudson, N.Y.: Foundation for Economic Education, 1998. P. 40.
 Andrew Dickson White. Fiat Money Inflation in France, How It Came, What It Brought, and How It Ended. D. Appleton-Century Company Inc., New York and London: D. Appleton-Century, 1933. S. 66.
At one point in my life I had enough creditability with the younger men working around me, which resulted in many asking me how a working man could have a nice home like mine, two almost new vehicles, and no debt at 35. This is of course not an accomplishment to brag about, but to these young men it seemed like I must have done something illegal to accomplish. I told them that I had always kept my debt repayment no higher than fifty percent of my cash flow, which gave me room to maneuver my assets and provide for savings. I could have started out buried in debt as they did but it just never made sense to me to be bent over a barrel for half my life. As my business grew, I never borrowed money to operate on, and only borrowed for capital expansion (equipment that was needed to increase cash flow) I shopped around for the lowest interest and lowest prices and never purchased the best of everything. Most products needed to run a business can be located at better prices than what the biggest suppliers sell. I could go on and on about this subject, but few people will take advice that will cause them to wait until they can buy what they want without borrowing the money to buy it. Therein lies the snake that poisons they’re life. They invent excuses why they can’t. Young man/woman take this to the bank, adjust your finances so you can put 25% of your net pay in savings every week, and only use it for medical emergencies. Put you’re saving’s in something that increases in value, or earns as much interest as you would have to pay to borrow it, and don’t think you cannot buy a house without a mortgage because I did it, and it can still be done. WARNING:
Elbow grease required!
February 25th, 2014 by olddog
Stockman – $500 Trillion Derivative Bomb Threatens The World!
Today David Stockman warned King World News that a terrifying $500 trillion derivative bomb threatens the entire world. He also went on to caution about a second danger facing the world. KWN takes Stockman’s warnings very seriously because he is the man former President Reagan called on in 1981, during that crisis, to become Director of the Office of Management and Budget and help save the United States from collapse. Below is what Stockman had to say in part II of a series of powerful interviews that will be released today.
Stockman: “I think the great ticking time bomb is interest rate swaps. The last time I checked they were in the range of $500 trillion. Who knows what’s lurking underneath the surface there?….
Stockman: “The single greatest danger is that the game the central banks are playing today will come to an abrupt and destructive end. That’s the danger because the whole system is now running off the short-run maneuvers, liquidity, and guidance that the central banks are injecting into the market every day. The danger is that one of these days the whole system will fail because it is unnatural and artificial, and when that happens it’s going to be a pretty difficult (and chaotic) time.” read more!
Just think a moment, the International Investment Bankers have been sucking our country dry for more years than anyone on earth has lived. Does that make sense folks? when will the people understand they simply cannot have a life of total leisure, we must spend time learning what is going on in our government and discuss what to do about it. By now, the entire world could have financial security if it were not for these blood suckers. Please for the sake of your children and Grand children get off your ass and learn. If I can find and learn what is wrong with the world, there is no excuse for anyone to remain ignorant. There is a way to fix the world. KILL THE BANKERS, and confiscate their wealth! Does that offend you? You don’t seem to get upset when the bankers have millions killed in their wars, while you work in their war factories though, do you? Wake the hell up America!
February 13th, 2014 by olddog
This article was written by Koos Jansen and originally published at In Gold We Trust
These financial industry giants lived through all the wealth cycles of the past 100 years and more. What used to be long term wealth investments evolved to the day-trading, making money activities, with a top in the year 2000. Then the financial industry morphed rapidly into the absurd High Frequency Trading. All wealth is now a spooky derivative of what it once was. Debt rules!
The US was the biggest gold reserve holder in the entire world, with 28,000 metric tons of gold in its vaults (60% of the world's total gold reserves). Most, if not all, of that gold disappeared from the UST, whilst the financial industry and the debt driven economy, expanded. First there was the London Gold Pool selling central bank gold reserves, then in 1974 Louise Auchincloss Boyer discovered that N. Rockefeller was selling UST Fort Knox gold. Three days later she fell out of her window (July 3, 1974).
Immediately afterwards a Fort Knox propaganda tour was organized. All gold fever stopped in 1980. Stock markets started their rise to the moon. Fifteen years later, the European System of Central Banks started their gold sales. Stock markets reached for the stars and suddenly The Queen made a propaganda tour through the London gold vaults (Dec, 2012). Now, China, Russia and other pro gold states (BRICS Development Bank) are accumulating the scare residues of available physical gold. The debt driven Western economy is in stagnation and the global debt crisis remains unsolved.
Where has all the physical bullion gold gone? Where is it concentrated after 45 years of distribution and very low paper gold prices? Hard to say, but the main flow of physical gold went certainly from West to East. Simply because the Western financial (pseudo) wealth industry was rising since 1980 and that made physical gold obsolete, in particular for the average Western man on the street.
The MSCI emerging market index is declining and never reached the Dow/Nasdaq/S&P heights. Physical gold has flown to these Eastern emerging (mostly surplus producing) markets whilst Western deficits are still rising. An upside down world,…or not. European banks have a $ 3.4 trillion exposure to the weak emerging markets who are suffering from brutal $ withdrawals. China's shadow banking is enormous and dangerous. The entire world has multiple fundamental reasons to embrace physical gold as a wealth asset, but only an extremely small minority keeps accumulating physical gold. The bulk of physical gold is now in the very strong hands of Western and Eastern giant dynasties and a relative very small group of gold wealth connected individuals. They all continue to accumulate, whatever the paper price of gold may discourage. They all anticipate the same looming catastrophe: pseudo-wealth destruction!
The Far & Middle East stores its wealth in physical gold and the West keeps going for financial industry pseudo-wealth and paper gold for making more (debt)money. This gold imbalance will increase strongly the more the gold price declines! Declining gold prices must encourage the further accumulation of risk assets. The Western giants don't care that Joe sixpack has no gold. They must feed their financial industry pseudo-wealth (buy stocks and debt paper). The Western giants, with trainloads of physical gold, don't care that the scarce left-overs of available physical gold flows cheaply to the East. When the pseudo-wealth comes to an end and the East will say physical gold is the real store of wealth, the Western giants with gold in their vaults, remain wealthy. Then the whole (political) economic story restarts from scratch.
The giant dynasties *are* the financial industry. They produce and control the bulk of the debt-driven pseudo-wealth. The FED is even providing liquidity for Mario's ECB (swaps). That's why their balance sheet is diverging. Euro-land is in fact still $-land.
China's present gold policies are building a base to take over the paper gold pricing from the dollar's financial regime. The valuation of physical gold must be totally delinked from currency and risk assets. China wants an orderly and open Rimini gold market with satisfactory gold market laws as to protect all wealth assets. A gold market where all underground speculative activities are strictly forbidden. They invite all foreigners to gradually participate in this gold market with emphasis on the free floating valuation of physical gold. This is in 100% contrast with the de facto dollar's gold pricing and gold policies. The dollar system doesn't want your wealth assets to be protected with gold. One day, the masses will embrace China's gold policies and leave the international $-reserve for what it never was (hard currency). The Western giants, indeed anticipated this all along with stealth accumulation of physical gold in their private vaults. They know the day of reckoning comes near.
The time has come to s&%t or get off the pot. If you have any investments at all in paper instruments or currency, convert them to cash and buy gold and silver NOW! You will never see your savings mature if their in dollars and you expect to live another year. Who do you know personally that has lost their money in hard commodities? Gold has thousands of years of history supporting its value retention and appreciation. Likewise silver, which is a much better investment for the common man with less than a $million to invest. If you are living pay-check to pay-check sell everything you can do without and buy ammo, guns, shovels, heritage seeds, and various other necessities for when the SHTF. Your dollars will wither away just like your youth, only much faster now. It’s time to get off your backside and learn how to live in a post dollar America. Barter will be the common mans money system before you are five years older.
February 3rd, 2014 by olddog
By Global Research
Global Research, February 01, 2014
“We are grateful to the Washington Post, The New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretion for almost 40 years. It would have been impossible for us to develop our plan for the world if we had been subjected to the lights of publicity during those years. But the world is more sophisticated and prepared to march towards a world government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in past centuries.”
- David Rockefeller, Bilderberg, 1991
If you wish to live in a world that is “sophisticated” enough to be a world government run by an intellectual elite and global bankers, then by all means, continue to read the Washington Post, New York Times, and Time Magazine to get all your information. If, however, the idea of a select coterie of a global intellectual-financial elite running the world does not sound like the ideal society for humanity’s future, we must continue to shine the lights of publicity on the actions of powerful individuals and institutions, bringing a critical eye to their ideologies and actions.
This is the aim and objective of Global Research and the Centre for Research on Globalization (CRG), which holds no “promises of discretion” and have not attended Bilderberg meetings. The aim is plainly stated: we are here to battle the tide of misinformation and expose the ‘New World Order.’
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The war on Libya is an integral part of the broader military agenda in the Middle East and Central Asia which until recently consisted of three distinct areas of conflict : Afghanistan and Pakistan (the AfPak War), Iraq, Palestine. A fourth war theater has opened up in North Africa, which raises the issue of escalation over a vast geographical area. These four war theaters are interrelated. They are part of a broader region of conflict, which extends from North Africa and the Middle East, engulfing a large part of the Mediterranean basin, to China’s Western frontier with Afghanistan, and Northern Pakistan.
The “Global War on Terrorism” requires going after the terrorists, using advanced weapons systems. US foreign policy upholds a pre-emptive religious-like crusade against evil, which serves to obscure the real objectives of military action. In the inner consciousness of Americans, the attacks of September 11, 2001 justify acts of war and conquest against evil-doers. The Global War on Terrorism is presented as a “clash of civilizations”, a war between competing values and religions, when in reality it is an outright war of conquest, guided by strategic and economic objectives. The lies behind 9/11 are known and documented. The American people’s acceptance of this crusade against evil is not based on any rational understanding or analysis of the facts. “The American inquisition” purports to extend Washington’s sphere of influence. Military intervention is justified as part of an international campaign against “Islamic terrorists”. Its ultimate intention, which is never mentioned in press reports, is territorial conquest and control over strategic resources. Ironically, under the Global War on Terrorism, these plans of conquest are instrumented by covertly supporting Islamic paramilitary armies, which are then used to destabilize non-compliant governments and impose Western standards of “governance” and “democracy”.
While Iran remains on the Pentagon’s drawing board, a fundamental shift in the sequencing of military operations has occurred. The US-NATO-Israel alliance realizes that Iran has significant capabilities to respond and retaliate. With the onset of the US-NATO led war in North Africa, Washington and its allies have chosen to wage war on countries with lesser military capabilities. This factor in itself has been crucial in the decision by the US and its allies to put “the Iran operation” on hold, while launching a “humanitarian war” on Libya.
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January 21st, 2014 by olddog
By Michael Snyder
Did you know that financial institutions all over the world are warning that we could see a "mega default" on a very prominent high-yield investment product in China on January 31st? We are being told that this could lead to a cascading collapse of the shadow banking system in China which could potentially result in "sky-high interest rates" and "a precipitous plunge in credit". In other words, it could be a "Lehman Brothers moment" for Asia. And since the global financial system is more interconnected today than ever before, that would be very bad news for the United States as well. Since Lehman Brothers collapsed in 2008, the level of private domestic credit in China has risen from $9 trillion to an astounding $23 trillion. That is an increase of $14 trillion in just a little bit more than 5 years. Much of that "hot money" has flowed into stocks, bonds and real estate in the United States. So what do you think is going to happen when that bubble collapses?
The bubble of private debt that we have seen inflate in China since the Lehman crisis is unlike anything that the world has ever seen. Never before has so much private debt been accumulated in such a short period of time. All of this debt has helped fuel tremendous economic growth in China, but now a whole bunch of Chinese companies are realizing that they have gotten in way, way over their heads. In fact, it is being projected that Chinese companies will pay out the equivalent of approximately a trillion dollars in interest payments this year alone. That is more than twice the amount that the U.S. government will pay in interest in 2014.
Over the past several years, the U.S. Federal Reserve, the European Central Bank, the Bank of Japan and the Bank of England have all been criticized for creating too much money. But the truth is that what has been happening in China surpasses all of their efforts combined. You can see an incredible chart which graphically illustrates this point right here. As the Telegraph pointed out a while back, the Chinese have essentially "replicated the entire U.S. commercial banking system" in just five years…
Overall credit has jumped from $9 trillion to $23 trillion since the Lehman crisis. "They have replicated the entire U.S. commercial banking system in five years," she said.
The ratio of credit to GDP has jumped by 75 percentage points to 200pc of GDP, compared to roughly 40 points in the US over five years leading up to the subprime bubble, or in Japan before the Nikkei bubble burst in 1990. "This is beyond anything we have ever seen before in a large economy. We don't know how this will play out. The next six months will be crucial," she said.
As with all other things in the financial world, what goes up must eventually come down.
And right now January 31st is shaping up to be a particularly important day for the Chinese financial system. The following is from a Reuters article…
The trust firm responsible for a troubled high-yield investment product sold through China's largest banks has warned investors they may not be repaid when the 3 billion-yuan ($496 million)product matures on Jan. 31, state media reported on Friday.
Investors are closely watching the case to see if it will shatter assumptions that the government and state-owned banks will always protect investors from losses on risky off-balance-sheet investment products sold through a murky shadow banking system.
If there is a major default on January 31st, the effects could ripple throughout the entire Chinese financial system very rapidly. A recent Forbes article explained why this is the case…
A WMP default, whether relating to Liansheng or Zhenfu, could devastate the Chinese banking system and the larger economy as well. In short, China’s growth since the end of 2008 has been dependent on ultra-loose credit first channeled through state banks, like ICBC and Construction Bank, and then through the WMPs, which permitted the state banks to avoid credit risk. Any disruption in the flow of cash from investors to dodgy borrowers through WMPs would rock China with sky-high interest rates or a precipitous plunge in credit, probably both. The result? The best outcome would be decades of misery, what we saw in Japan after its bubble burst in the early 1990s.
The big underlying problem is the fact that private debt and the money supply have both been growing far too rapidly in China. According to Forbes, M2 in China increased by 13.6 percent last year…
And at the same time China’s money supply and credit are still expanding. Last year, the closely watched M2 increased by only 13.6%, down from 2012’s 13.8% growth. Optimists say China is getting its credit addiction under control, but that’s not correct. In fact, credit expanded by at least 20% last year as money poured into new channels not measured by traditional statistics.
Overall, M2 in China is up by about 1000 percentsince 1999. That is absolutely insane.
And of course China is not the only place in the world where financial trouble signs are erupting. Things in Europe just keep getting worse, and we have just learned that the largest bank in Germany just suffered " a surprise fourth-quarter loss"…
Deutsche Bank shares tumbled on Monday following a surprise fourth-quarter loss due to a steep drop in debt trading revenues and heavy litigation and restructuring costs that prompted the bank to warn of a challenging 2014.
Germany's biggest bank said revenue at its important debt-trading division, fell 31 percent in the quarter, a much bigger drop than at U.S. rivals, which have also suffered from sluggish fixed-income trading.
If current trends continue, many other big banks will soon be experiencing a "bond headache" as well. At this point, Treasury Bond sentiment is about the lowest that it has been in about 20 years. Investors overwhelmingly believe that yields are heading higher.
If that does indeed turn out to be the case, interest rates throughout our economy are going to be rising, economic activity will start slowing down significantly and it could set up the "nightmare scenario" that I keep talking about.
But I am not the only one talking about it.
In fact, the World Economic Forum is warning about the exact same thing…
Fiscal crises triggered by ballooning debt levels in advanced economies pose the biggest threat to the global economy in 2014, a report by the World Economic Forum has warned.
Ahead of next week's WEF annual meeting in Davos, Switzerland, the forum's annual assessment of global dangers said high levels of debt in advanced economies, including Japan and America, could lead to an investor backlash.
This would create a "vicious cycle" of ballooning interest payments, rising debt piles and investor doubt that would force interest rates up further.
So will a default event in China on January 31st be the next "Lehman Brothers moment" or will it be something else?
In the end, it doesn't really matter. The truth is that what has been going on in the global financial system is completely and totally unsustainable, and it is inevitable that it is all going to come horribly crashing down at some point during the next few years.
It is just a matter of time.
December 27th, 2013 by olddog
Introduction by Jefferson’s Voice
We have many heroes in our midst and some of the most tireless and courageous are those who have been very active in the 9/11 Truth movement for over ten years. It is impossible to overstate the importance of recognizing the magnitude of damage done to the American republic from the 9/11 false flag attack. It was the fulcrum event launching the global war on terror resulting in the deaths of thousands of US soldiers, disabling many more, killing millions of innocent civilians in the middle east and devastating the lives of tens of millions. The effects at home have been nothing short of catastrophic as (1) a steady metastasis of an encroaching police state eviscerates our Constitution and civil liberties; (2) a black hole of military expenditures accelerates America's trajectory into fiscal insolvency; and (3) as an event that provided a smokescreen for large scale criminal activity to include financial and corporate crime.
The 9/11 false flag could be said to be the second major coup, after JFK's assassination, to be foisted on a mostly unsuspecting American public ultimately intended to deprive us of our God given rights to freedom, dignity, and self determination, gifted to us by the greatest minds of the Enlightenment and the countless men and women who made the ultimate sacrifice for generations of Americans. 9/11 spawned a form of malignant cancer on our civilization that must be exposed now at this critical juncture in our collective history.
Thankfully, the 9/11 Truth movement is still working hard to educate the public and has written extensively and produced documentaries to that end. The most recent 9/11 Truth film "September 11: The New Pearl Harbor" is a brilliant example, utilizing expert researchers who "knock it out of the ballpark" and thus shame disinformation propagandists as establishment buffoons. While the subject matter is sobering, to say the least, never before have I relished an opportunity to cheer on the "good guys". Please watch the documentary in full and then share this with everyone you know and in as many internet forums and networks as you possibly can so we can come together as one voice to defend our basic human rights.
May God bless those fighting the good fight for Truth, Justice, and Freedom.
Go to this link and SAVE IT then click on PLAY NOW
Here are links from a different source if you have problems with the one above.
There have been several good films and videos about 9/11. But the new film by award-winning film-maker Massimo Mazzucco is in a class by itself.
For those of us who have been working on 9/11 for a long time, this is the film we have been waiting for.
Whereas there are excellent films treating the falsity of particular parts of the official account, such as the Twin Towers or WTC 7, Mazzucco has given us a comprehensive documentary treatment of 9/11, dealing with virtually all of the issues.
There have, of course, been films that treated the fictional official story as true. And there are films that use fictional stories to portray people’s struggles after starting to suspect the official story to be false.
But there is no fiction in Mazzucco’s film – except in the sense that it clearly and relentlessly exposes every part of the official account as fictional.
Because of his intent at completeness, Mazzucco has given us a 5-hour film. It is so fascinating and fast-paced that many will want to watch it in one sitting. But this is not necessary, as the film, which fills 3 DVDs, consists of 7 parts, each of which is divided into many short chapters.
These 7 parts treat Air Defence, The Hijackers, The Airplanes, The Pentagon, Flight 93, The Twin Towers, and Building 7. In each part, after presenting facts that contradict the official story, Mazzucco deals with the claims of the debunkers (meaning those who try to debunk the evidence provided by the 9/11 research community).
The Introduction, reflecting the film’s title, deals with 12 uncanny parallels between Pearl Harbor and September 11.
The film can educate people who know nothing about 9/11 (beyond the official story), those with a moderate amount of knowledge about the various problems with the official story, and even by experts. (I myself learned many things.)
Mazzucco points out that his film covers 12 years of public debate about 9/11. People who have been promoting 9/11 truth for many of these years will see that their labors have been well-rewarded: There is now a high-quality, carefully-documented film that dramatically shows the official story about 9/11 to be a fabrication through and through.
This is truly the film we have been waiting for.
Part I, II, and III
Availability: The film is freely available to the world at:
This series of films should be watched by every person in America, and I mean if you do not do everything in your power to watch it and then demand everyone you know watch it, then you are not worthy of calling yourself an American. We can no longer tolerate the people sitting on their hands while America burns to the ground.
December 21st, 2013 by olddog
By Michael Gaddy firstname.lastname@example.org
“I submit that the United States government is under the control of psychopaths; and the infestation is nearing completion; the point at which nothing can stop the oncoming violence.” ~Jack Mullen, 2011
If we are to truly understand the meaning of the above quote it is necessary I believe to differentiate between what is referred to as “primary psychopaths” and ‘secondary psychopaths.” A primary psychopath is a person who is genetically predisposed to the personality traits of a psychopath and this category appears to be more violent than the secondary psychopaths who are more a product of their environment.
In most instances, either psychopath appears to be outwardly “normal;” both primary and secondary psychopaths have no sense of ethics or the rights of others. If this does not describe to a “T” the current and former administrations of this country including bureaucrats, members of Congress and the Supreme Court, I don’t know what does. If they go into government service normal, they certainly become a product of their environment or they are ignored.
Need we say more than the admitted to police state that we now live under; the ever increasing war on Individual Rights as guaranteed by our Creator and defined in our Bill of Rights; the abnormal number of people incarcerated in our prison system; continued false flag events; immoral wars and torture waged on citizens of other countries; bank bailouts, vaccinations; GMOs; the perversion of our education system to one of indoctrination, huge cases of mortgage fraud initiated by the very banks who were bailed out from their irresponsible lending practices using taxpayer dollars and the constant attacks on our right to protect ourselves and our families; just to name a few.
The government lied about the circumstances of the attack on Pearl Harbor; they lied about the Gulf of Tonkin incident; they lied about the Oklahoma City bombing; they lied about TWA 800; they lied about Ruby Ridge; they lied about Waco and they lied about 9/11. The very essence of government is fear and the lie. The very tools used most often by psychopaths.
It is relatively simple to understand why most Americans do not want to believe for a moment that our government is staffed by a group of psychopaths but the evidence is hard to refute.
What are the characteristics of a psychopath according to mental health professionals? Compare the ones listed below to what you see from day today in our elected officials; bureaucrats; federal, state and local, and law enforcement personnel.
1. Uncaring or coldhearted.
2. Lack of social emotions such as shame, guilt and embarrassment.
3. Irresponsibility or the blaming of others.
4. Superficial charm.
5. Untruthfulness, insincerity or outright lying.
6. Inflating the truth for selfish reasons.
7. Overconfidence and boastfulness.
8. A lack of realistic goals; Irritable and aggressive.
If you are still having problems believing we are governed by psychopaths and that once normal people are aligned with government they become “secondary psychopaths,” please consider the following:
Government supposedly operates with “consent of the governed” or in other words government in all its various forms is our employee. Consider for a moment what your reaction would be if one of your employees; attempted to have you put in prison on perjured testimony; sent your children to fight your neighbors based on lies; stole your property and your money; vaccinated your children with poison; attempted to poison your food supply; used your money to indoctrinate your children while claiming to educate them; tried to steal your home; stole your money and gave it to their bank; told you how much water you could put in your toilet and tried to take your guns—just to name a few?
How long would you allow an employee who did even one of the above mentioned acts of tyranny to remain in your employ? Would you have serious reservations about their mental state? For what reason would you continue to offer them employment?
A must read book on this subject is: Political Ponerology: A science on the nature of evil for political purposes, by Andrew M. Lobaczewski. Here are a few relevant quotes from his seminal work.
“In a pathocracy, all leadership positions must be filled by individuals with corresponding psychological deviations, which are inherited as a rule. However, such people constitute a very small percentage of the population and this makes them more valuable to the pathocrats.
Under such conditions, no area of social life can develop normally, whether in economics, culture, science, technology, administration, etc. Pathocracy progressively paralyzes everything. Normal people must develop a level of patience beyond the ken of anyone living in a normal man's system just in order to explain what to do and how to do it to some obtuse mediocrity of a psychological deviant who has been placed in charge of some project that he cannot even understand, much less manage. This special kind of pedagogy – instructing deviants while avoiding their wrath – requires a great deal of time and effort, but it would otherwise not be possible to maintain tolerable living conditions and necessary achievements in the economic area or intellectual life of a society. Even with such efforts, pathocracy progressively intrudes everywhere and dulls everything.
Therefore, to mitigate the threat to their power, the pathocrats must employ any and all methods of terror and exterminatory policies against individuals known for their patriotic feelings and military training; other, specific "indoctrination" activities such as those we have presented are also utilized. Individuals lacking the natural feeling of being linked to normal society become irreplaceable in either of these activities.
The phenomenon of pathocracy matures during this period: an extensive and active indoctrination system is built, with a suitably refurbished ideology constituting the vehicle or Trojan horse for the purpose of pathologizing the thought processes of individuals and society. The goal – forcing human minds to incorporate pathological experiential methods and thought-patterns, and consequently accepting such rule – is never openly admitted. This goal is conditioned by pathological egotism, and the possibility of accomplishing it strikes the pathocrats as not only indispensable, but feasible.” (Emphasis mine)
Sometimes the only way to understand what we already know but can’t explain is to read the words of others. I now understand why Zbigniew Brzezinski fought so hard to stop the publication of Mr. Lobaczewski’s book; Brzezinski being the “New World Order” person that he is. Never forget Brzezinski was responsible for providing 500 million of our taxpayer dollars to the Muslim Brotherhood back during the Carter administration. Brzezinski had no fear of "stirred-up Muslims" it seems.
If we as a country continue to allow psychopaths to control our government, we are destined to be found on the scrapheap of history but first will come the awful acts of genocide and democide that have been the trademark of psychopathic tyrants throughout recorded history as is fully documented in the book “Death by Government” by R. J. Rummel.
Again, the choice is ours: Liberty or slavery, genocide and democide?
Have you voted or supported a psychopath for public office lately? Perhaps you have voted for the lesser of two psychopaths?
If, as Mr. Gaddy states, government operates only with the consent of the governed, let it be known that those ass holes in Washington
DO NOT HAVE MY CONSENT!
They are the most cowardly scum-bags alive and deserving of all things foul, painful, and disgusting.
December 19th, 2013 by olddog
By Ron Ewart
“There are those that recognize a wrong and act to right it. There are those who "see" the wrong, but do nothing. But unfortunately there are way too many of those who don’t "see" anything at all.” -Ron Ewart
If you were standing on the railroad tracks and you saw a train bearing down on you at high speed, what would you do? If your child was playing next to a cliff and you saw him chasing a ball towards the cliff, what would you do? If burglaries and thefts were rising in your neighborhood, what would you do? If bullies and thugs took over your town, what would you do? If a man confronted you on the street and demanded your money, what would you do? In most cases you would act swiftly to get out of the way, save your child, take action to stop the neighborhood crime, confront the bully and resist the robber from stealing your money ….. or would you?
What if your neighbor came over one day and said, I need more of your property and I am moving my fence twenty feet onto yours and I'm not going to pay you a dime, what would you do? If your boss said that he has established a new policy of welfare and has decided to take a percentage of YOUR paycheck (not his) and give it to the poor, what would you do? If you were part of an organization that existed on private donations and the board members decided that they were going to use fear, intimidation, threats, lies and propaganda to increase donations, what would you do? If you were a deacon of a church and you discovered that the other deacons were using parishioner money for their own use, or grossly wasting that money, what would you do? If the local school board decided that they were going to include in the curriculum for your children, a course on Earth's salvation that required teaching the kids that their parent's lifestyle was environmental heresy and should be condemned, what would you do?
In all of the above cases, a normal, reasonable and prudent person would set about to right the situation, one way or another and if necessary, he would enlist others to help him, because a normal, reasonable and prudent person has a sense of what is right and wrong. When they see a wrong, they try to right it, provided they have the courage to face those who desire to continue the wrong for their own benefit, or a hidden agenda.
The Revolutionary War righted a wrong and declared freedom in America. The War of 1812 was a continuation of the Revolutionary War and our winning it prevented America, once again, from falling under British rule. The Civil War righted an egregious wrong and ended black slavery ….. well sort of. The first and second World Wars righted international wrongs against human life, dignity and individual rights. These wrongs were righted by courageous leaders and individuals who knew that they might have to make the ultimate sacrifice to right those wrongs.
Today, we have a litany of wrongs that need to be righted, right here in America. We have government perpetrating on the people the same "wrongs" that we mentioned above, that a normal, reasonable and prudent person would take immediate action to right, when the wrong was recognized.
Why then would the normal, reasonable and prudent people of America turn their heads when their government commits the same wrongs as the neighbor, the bully, the boss, the board members, or the deacons, but on a much grander scale? Why indeed!
Americans, by the millions, are getting hammered by Obama Care through no fault of their own. Why do they take it? Why isn't there a massive uprising? Why aren't lawsuits flying all over the place? Why aren't the people demanding that heads roll with the large, unified voice of millions?
Our school children are being brainwashed and indoctrinated by a federal government-created curriculum (Common Core Standards, Race To the Top and No Child Left Behind programs) that emphasize socialism, collectivism and multi-culturalism. Why aren't the parents crying foul? Why don't they take over the local school boards and reverse this garbage? Why aren't they at the state legislatures creating all kinds of Hell? Do they just not care ….. or are they afraid?
Landowners are being treated like criminals and going to jail for minor code violations on THEIR property. They are forced to fight a tyrannical government, whether it be local, state, or federal, all on their own. They seldom win. But you never hear of these individual battles waged against an arrogant and abusive government, a government that has become the master instead of the servant, a government that blatantly ignores the constitutional limits on its power.
The IRS targets conservatives for political purposes and the president and congress promise a full and complete investigation. The FBI says they are investigating. Nothing happens. Why aren't the people, en masse, demanding answers and not taking a "we're-investigating" as the answer? Why aren't IRS officers, employees and agents being tried in court, fined and incarcerated for long periods for their known criminal acts? Why do Americans tolerate this injustice? Do we enjoy being slaves to the IRS? Have we all become cowards and unwilling to challenge tyranny when it arises?
Four of our diplomats are killed in Benghazi well over a year ago, due to government negligence and neglect. No one in government provided the necessary security, asked for by the diplomats. No one came to their rescue during the attack. No one is being held accountable for the criminal negligence that allowed the attack to happen. Congress is investigating. The Obama Administration is stonewalling and obstructing. Nothing is happening. No one is fired. No one is in jail. Where is the outcry for four dead brave Americans who paid the ultimate price because their government failed them? Have we lost our courage to right a wrong when we recognize it?
Then there are the Fast and Furious and the NSA scandals. In the Fast and Furious scandal, U. S. Attorney General Eric Holder, the top law enforcement officer of America, has been shielded by his boss, our liar-in-chief Barack Hussein Obama, who has declared executive privilege and won't release the documents that Congress has requested to find out who the Hell allowed Fast and Furious to happen in the first place. One of our brave border agents was killed by one of those guns in this gun- running scandal. Has anyone been fired? Has anyone gone to jail? Holder lied to Congress, which is a crime, but he gets off scot-free. The Congress seems to be powerless to stop him or put him in jail for this crime.
The NSA says it isn't spying on us, but it probably is, based on releases by ex-NSA staffer Edward Snowden, who now resides in Russia fearing for his life. Is he a patriot or a traitor? We don’t know. The public simply does not know the depths of NSA spying and how much data it is really collecting. NSA Chief James Clapper lied to Congress and that's a crime. But he is running around loose, free as a bird, telling the public that the NSA isn't really spying on us. Yeah, and President Obama says you can keep your doctor and your health care plan and health care costs are going to go down! Sure!
Why aren't Americans rising up by the millions to find out the truth? Once again, why haven't there been multiple lawsuits by harmed individuals over these egregious violations of our constitutional rights? There should be class action lawsuits exploding all over the place? Why aren't there?
Winston Churchill said at a time of great sacrifice and often quoted: “If you will not fight for right when you can easily win without bloodshed; if you will not fight when your victory is sure and not too costly; you may come to the moment when you will have to fight with all the odds against you and only a precarious chance of survival. There may even be a worse case. You may have to fight when there is no hope of victory, because it is better to perish than to live as slaves."
We do not believe that America is in the grips of cowardice because after all, we are Americans. We have a chance to right these wrongs peacefully, before the only action left to us is war. But do we have the will, the courage, the commitment and the resources to right these wrongs before war is our only option? Or, "Will we have to fight when there is no hope of victory, because it is better to perish than to live as slaves."
The abject failure of Obama Care has opened millions of eyes to the flawed policies of liberals and progressives that have foisted these policies upon all Americans, doing great harm. If we do not act on this knowledge with the courage of our convictions and quit trying to compromise our beliefs because liberals have more votes, then we will have let over 200 years of freedom slip through our fingers. Ladies and gentlemen, there are other ways to fight these criminals, than at the ballot box.
Future generations will damn us for our cowardice in the face of danger because they will say we knew and did nothing. They will ultimately pay the price in money and eventually in blood, if we let them down.
If the people are afraid, as so many Americans are, and let the bully (government) win, the bully will win all the time and the bully is winning and has been winning for over 100 years ….. not just for the 5 years under the Obama regime. It's the people that let the bully win, out of fear and cowardice. Unless the people stand up en masse, as we are "standing up" with our articles, there will be no restoration of freedom.
Let us all promise that in the year 2014 and from then on, courage will return to those who have allowed easy times and a chicken in every pot to cloud their vision about the huge price that was paid for their freedom and the price that now must be paid to reclaim it, because we chose to look the other way when tyranny raised its ugly head.
In closing, we want to wish each of our readers a very special Christmas holiday with friends and family, at a time of giving and love, as well as the religious celebration it was designed to be for 150 years.
This will be our last article for the year 2013. We will take up the torch of freedom starting on the first Sunday of January, 2014. In the interim, we encourage you to take the time to visit our two websites that are dedicated to the protection of our property rights (http://www.narlo.org) and to exposing the arrogance, fraud, abuse and corruption of the IRS (http://www.attackwatchspies.com). Each website contains a wealth of valuable information and not just for rural landowners, or disgruntled taxpayers.
In liberty, until Sunday, January 5, 2014 …..
© 2013 Ron Ewart — All Rights Reserved
Ron Ewart, a nationally known author and speaker on freedom and property issues and author of his weekly column, "In Defense of Rural America", is the President of the National Association of Rural Landowners, (NARLO) a non-profit corporation headquartered in Washington State and dedicated to restoring, maintaining and defending property rights for urban and rural landowners. Mr. Ewart can be reached by e-mail for comment at email@example.com, or by 'phone at 1 800 682-7848.
December 15th, 2013 by olddog
By Stephen Lendman
It's the world's largest financial market. It trades around $5 trillion daily. It's more than all global equity markets combined. It operates round-the-clock. It's manipulated for profit. More on that below.
Grand theft reflects official Wall Street policy. It's longstanding. High crimes go unpunished. Bankers make money the old-fashioned way. They steal it. They do it lots of clever ways.
They do it through fraud, grand theft, market manipulation, front-running, misrepresentation, scamming investors, naked short selling, precious metals price suppression, controlling Washington, getting open-ended low or no interest rate bailouts when needed, and assuring world financial capitals are banker occupied territories.
They do it artfully. Few people know what's going on. Scandals rarely surface. Budding ones are usually buried. Little more than dust gets kicked up. Headlines disappear in short order.
In June 2012, JPMorgan Chase CEO Jamie Dimon testified before the Senate Banking Committee. He discussed his firm's trading losses at the time.
It was more of a homecoming than grilling. Washington is Wall Street occupied territory. Regulators don't regulate. Oversight is absent.
Investigations rarely happen. Initiated ones are whitewashed. Criminal fraud is institutionalized. It's encouraged, not curbed.
Congress, the administration, SEC, and credit rating agencies incestuously collude with giant banks and other major financial institutions. Whatever they want, they get.
Wall Street never had it so good. Senators didn't lay a glove on Dimon. His grand theft business model wasn't discussed.
Former bank regulator/financial fraud expert Bill Black's book titled "The Best Way to Rob A Bank Is To Own One" explains well.
He coined the term "control fraud." It lets corporate officials commit grand theft. Finance capital never had it so good. Trillions of dollars are stolen. Nothing intervenes to stop it.
MF Global (MFG) looted customer accounts. Former Goldman Sachs chairman/CEO Jon Corzine ran operations.
MFG faced a run on its holdings. In October 2011, it filed for Chapter 11 bankruptcy protection.
Months before doing so, it moved hundreds of millions of dollars in customer money from its US brokerage unit to Bank of New York Mellon Corp.
It looted them. It used client money to speculate, pay down debt and cover losses. It committed grand theft. It's longstanding Wall Street practice.
Why not when rare punishments at most are wrist slaps. Top Wall Street officials aren't punished. They free to steal again.
Markets are rigged. Movements up or down aren't random. The
Wall Street controlled Fed and high-level insiders manipulate them for profits.
Washington facilitates their lawlessness. It does it with business friendly legislation. It does it with similar executive orders. It does it by turning a blind eye to the worst of what goes on.
Market rigging is longstanding practice. It's part of the system. On March 18, 1989, Ronald Reagan's Executive Order 12631 created the Working Group on Financial Markets (WGFM).
It's commonly called the Plunge Protection Team (PPT). Officials involved (or their designees) include:
• the President;
• the Treasury Secretary as chairman;
• the Fed chairman;
• the SEC chairman; and
• the Commodity Futures Trading Commission chairman.
PPT's "Purposes and Functions. Recognizing the goals of enhancing the integrity, efficiency, orderliness, and competitiveness of our Nation's financial markets."
"(T)he Working Group shall identify and consider:
(1) the major issues raised by the numerous studies on the events (pertaining to the) October 19, 1987 (market crash and consider) recommendations that have the potential to achieve the goals noted above; and
(2)….governmental (and other) actions under existing laws and regulations….that are appropriate to carry out these recommendations."
Government and Wall Street collude. They manipulate markets doing so. They move them up and down. Enormous profits are made both ways. Most people don't know what goes on.
Wall Street/Washington invisible hands work better than Adam Smith imagined. They do it in dirty ways unknown in his day.
Mythology holds that prices move up or down randomly. Market forces do so, it's claimed. Manipulation isn't mentioned.
It's commonplace. It's longstanding. Tools are much more sophisticated than earlier. Computer technology facilitates blatantly illegal practices.
The 1934 Gold Reserve Act created the Treasury's Exchange Stabilization Fund (ESF).
Section 7 of the 1944 Bretton Woods Agreements made its operations permanent.
The Treasury runs the Fund. Congressional oversight is bypassed. Manipulation keeps sharp dollar fluctuations up or down from disrupting financial markets.
Treasury operations include stabilizing foreign currencies, extending credit lines to foreign governments, and guaranteeing money market funds against losses up to tens of billions of dollars.
In 1995, Clinton provided Mexico a $20 billion peso credit stabilization line. It did so in time of crisis.
Earlier administrations extended loans or credit lines to various other countries. Current US lending to the IMF tops $35 billion.
Years earlier it was $57 billion. In 2009, Congress expanded contributions by $108 billion. The Treasury's web site states:
"By law, the Secretary has considerable discretion in the use of ESF resources."
"The legal basis of the ESF is the Gold Reserve Act of 1934."
"As amended in the late 1970s….the Secretary (per) approval of the President, may deal in gold, foreign exchange, and other instruments of credit and securities."
In other words, the Treasury maintains a slush fund. It uses it for whatever purposes it wishes. It manipulates markets. It operates secretly.
In 1999, the Counterparty Risk Management Policy Group (CRMPG) was established. It followed the Long Term Capital Management (LTCM) crisis.
CRMPG manipulates markets beneficially for Wall Street giants. It lets them collude through large-scale program trading. Doing so manipulates markets up and down advantageously.
Troubled giants get bailed out. Ordinary people get sold out. The process repeats as needed. A secret FDIC plan involves looting bank accounts.
Depositor theft may follow. Doing so is called bail-ins. It's code language for grand theft.
Ordinary people and richer ones have trillions in bank accounts. It's low-hanging fruit. It's a treasure trove begging to be looted. Legislative shenanigans may legitimize it.
Cypriot officials did it. Canada approved it. So did Eurozone member states and New Zealand. It's theft by other means.
Leading US banks warned about charging depositors. They may do so if the Fed cuts interest it pays them on bank reserves.
Imagine being charged for checking, savings and/or money market accounts. Depositors already earn virtually nothing on them. Penalizing them further may follow.
Libor markets are rigged. It's an acronym for London Interbank Offered Rate. It's a fundamental rate-setting benchmark. It's set daily between UK banks for overnight to 12 month durations.
It's produced for ten currencies with 15 maturities. It represents the London market's lowest cost of unsecured funding. It's the primary global short-term rate benchmark.
In the 1980s, it began expanding exponentially in importance. London's status grew as an international financial center. It's the world's largest.
It handles over 20% of all international bank lending. More than 30% of foreign exchange transactions go through London.
Demand grew for an accurate measure of the real rate at which banks and other financial institutions could borrow from each other.
It affects the price and availability of capital. The higher Libor goes, the greater the borrowing cost for business, individuals, real estate and other loans.
When things work right, operations are hardly noticed. When trouble occurs, all hell breaks loose.
Libor rigging affects countless trillions of dollars. Amounts involved exceed global GDP multiple times over.
Predatory banks manipulate things advantageously. Practices are too corrupted to fix. The longer they go unaddressed, the more harm done.
Financial giants, central bankers and complicit politicians bear full responsibility. Dirty policies persist out-of-control.
Libor rigging is one of many manipulative market practices. Systemic corruption breeds more of the same. An illusion of stability conceals business as usual.
Gold and other precious metals markets are rigged. Naked short selling offsets rising bullion demand. Prices are driven lower.
Naked shorts reflect what sellers don't have. It's illegal. It persists anyway. Bullion prices would be much higher otherwise. Eventually they'll rise to their true value. When remains to be seen.
QE reflects Fed market rigging. Treasuries and mortgage-backed securities are bought. Too-big-to-fail banks hold enormous amounts of junk. Fed buying substitutes dollars for toxic assets.
Banks get lots of cash to speculate. Markets are manipulated up in response. It's artificial. It's not real. It can't last. It continues until bubbles eventually pop.
Foreign exchange markets are rigged. On October 12, The Economist headlined "The FX is in," saying:
It's "been a dreadful couple of years for financial benchmarks." Banks rig libor. "Commodities prices from crude oil to platinum have been the subject of allegations and inquiries."
Authorities now scrutinize global foreign exchange (FX) markets. Trillions of dollars are involved daily. "(S)uspect banks have tampered with those, too."
On October 4, Reuters headlined "Switzerland probes banks over possible forex rigging." FINMA said it's "currently (investigating) several Swiss financial institutions in connection with possible manipulation of foreign exchange markets."
It's coordinating with regulators in other countries. "(M)ultiple banks around the world are potentially implicated."
UBS is Switzerland's largest bank. It was fined $2.7 billion for market rigging. Credit Suisse may be involved. So are major Wall Street banks.
Bloomberg said major ones use advance customer order knowledge to push through trades manipulatively.
They colluded with other banks doing so. FX markets are poorly regulated. Most trading takes place away from exchanges. It's a shadowy anything goes realm.
Price rigging is standard practice. Hundreds of banks trade currencies. Four dominate the market: Deutsche Bank, Citigroup, Barclays and UBS.
Concerns center around what's known as the "London Fix." It's a daily snapshot of currency prices.
Enormous shifts happen during a 60-second window before 4PM London time. It's when markets are especially liquid.
Banks set a certain rate for trades of one currency against another. Shortly afterwards, prices revert to normal rates.
Forex traders call the practice banging the close. It reflects blatant market manipulation. Betting the right way yields huge profits in seconds.
A fraction of a cent is all it takes. Trading involves a measure called a "pip." It represents one basis point or 1/100th of 1%.
Multiple trades near the London Fix can yield enormous profits. Repeating the process many times daily multiplies it hugely. A few pips in the right direction is all it takes.
The so-called WM/Reuters (WMR) rate works as follows. It's when "more than 40% of daily global FX trading is done. It's the nearest thing to a closing price in a 24-hour, self-regulated market."
Unwary traders are fleeced big time. Banks know big trades they'll execute on behalf of others.
Moving forex prices ahead of the fix yields big profits. Major banks do it at the expense of unsuspecting clients.
According to New York University's Stern School of Business Professor Marti Subrahmanyan:
"There's no policeman. These things have sort of fallen through the cracks. Foreign exchange is really nobody's kind of baby."
Major forex traders collude in electronic messaging groups. They're called "the bandits club" and "the cartel."
They profit at the expense of clients. They do so by manipulating markets up or down. Regulators do virtually nothing to stop it.
Investigations come and go. Minor penalties at most are imposed. It's part of the system. It shifts enormous wealth to major players.
Forex trading is a buyer's beware market. Traders call it the wild west. Volatility is valued. Sharp rice movements create profit opportunities. Stability minimizes them.
Manipulation is part of the system. Forex trading shenanigans reflect grand theft. Who said crime doesn't pay?
Stephen Lendman lives in Chicago. He can be reached at firstname.lastname@example.org.
His new book is titled "Banker Occupation: Waging Financial War on Humanity."
Visit his blog site at sjlendman.blogspot.com.
Listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network.
It airs Fridays at 10AM US Central time and Saturdays and Sundays at noon. All programs are archived for easy listening.
December 4th, 2013 by olddog
By Peter Schiff
Having replaced savings with debt on both the national and individual levels, I think it's well past time for Westerners to take a few lessons from our creditors in the East. Many Americans consider gold a "barbarous relic," but in Asia, the yellow metal remains the bedrock of individual savings plans. This means that either greater than half of the world's population are barbarians, or they've held onto an important tradition that our culture has forgotten.
A Culture of Gold
One of the most important elements of Eastern gold demand is that it is not limited to educated investors or the higher classes, as often seems to be the case in the West. Throughout Asia, no matter one's social status, precious metals are the first assets people choose to protect their wealth. There is not even a glimmer of doubt about the enduring value of hard money.
A recent Bloomberg article quotes a Chinese woman, "I don't know anything about the stock market and I don't have enough money to buy property, so I figured gold is the safest choice."
Some might write off this philosophy as naïve, but her logic is founded in centuries of tradition, borne of hard-won experience. The same goes in India and across South Asia, where gold is an essential part of local religious customs. From wedding dowries to temple offerings, gold carries a caché in Asia that most Westerners can't fathom.
Consider the US as a comparison. Here, newlyweds are more likely to receive a house full of fancy appliances than any assets that might form the foundation of long-term financial independence.
After a couple of generations of US-dollar dominance, Americans have become lazy with our wealth. While we exploit our economic power by going into debt for fancy cars, big-screen TVs, and expensive smart phones, our creditors are steadily stockpiling gold.
A River of Gold from West to East
Asia's love affair with gold became worldwide news when the price of the yellow metal dropped last April. Asian consumers saw the price drop as a fortunate buying opportunity, and metals dealers were swamped with orders for both bullion and jewelry. Premiums skyrocketed across the continent, but this did not slow demand.
With all this demand, shouldn't gold's global spot price have continued rising? Unfortunately, many Westerners were selling into the Eastern demand. In fact, the stagnant spot price concealed a historic transfer of real wealth.
The rising price of gold over the past decade had lured many Western investors into the paper gold market through precious metals exchange-traded funds (ETFs). To ETF investors intent on fast growth rather than long-term capital preservation, the recent drop in price was viewed as a sell signal, not an opportunity.
By the end of September, gold ETFs had sold off about 700 metric tons of physical gold – more than half of it in just the second quarter. The World Gold Council reports that the majority of these outflows have been absorbed by Asian demand.
However, Western selling was enough to keep the global spot price from recovering. Instead of more capital flowing into gold, it was the gold itself which was flowing from Western financial institutions to Eastern households.
The latest data shows that consumer demand for physical gold in the first three quarters of 2013 hit a historical record of 2,896.5 metric tons. 90% of the year-over-year increase in this demand came from Asia and the Middle East.
Meanwhile, Americans have been distracted by one record high after another in the domestic stock market.
When reporting on Asian gold demand, the Western media tends to focus on nations like India, which has practically declared war against gold buyers this year in a misguided attempt to curb its trade deficit.
The Indian government raised tariffs on the metal to a record 10%, and now requires importers to re-export 20% of their gold. India's central bank even went as far as asking temples around the country to divulge how much gold they were storing, though many refused.
Thailand and Vietnam have taken similar steps to subdue their populations' gold demand, even though the primary outcome has been to increase gold smuggling.
These governments' measures have received the most attention because they fit nicely into the Western narrative that gold is an old-fashioned asset that does more harm than good in modern economies. But the truth is that the only ones harmed by gold are Western governments!
Last month, China officially surpassed India as the world's largest consumer of gold. Unlike New Delhi, Beijing is encouraging its citizens' gold lust by easing restrictions on the gold trade. The People's Bank of China (PBOC) is preparing to expand the number of businesses allowed to import and export gold on a large scale. It has also increased the amount of tax-free gold citizens are allowed to bring into the country.
Meanwhile, China is finally pulling away from the US dollar. A month after China's government news agency called for a "de-Americanized world," a deputy governor at the PBOC said, "It's no longer in China's favor to accumulate foreign-exchange reserves."
Simply put, China is planning to wind down its own stimulus program of buying US dollars, and instead allow the value of the yuan to appreciate. In preparation for this shift, China has been diversifying its foreign exchange reserves into gold. The PBOC has not released official numbers on its gold reserves since 2009, but experts have begun to speculate that its current holdings are far larger than previously estimated.
A Rude Awakening
This is the time when the West realizes that its great reservoir of wealth has run dry, as the gold has all flowed East.
When China stops buying US Treasuries, the Fed will remain the only major buyer of US debt. This will drive interest rates up, thereby sticking the US government with obligations it cannot possibly fulfill. Ultimately, this will be the death knell for the dollar, as the Fed will be forced to significantly expand its QE program to assume the role as Treasury-buyer of last resort.
Mom-and-pop gold buyers throughout the East probably do not understand all the subtleties of the foreign exchange markets, but an undying appreciation for gold is built into their culture. Make no mistake: the East is the engine of the 21st century global economy – and it is riding on rails of gold.
This holiday season, consider breaking with our recent Western tradition of giving gifts of no enduring value. Instead, take the opportunity to turn some of your paper dollars into gifts that will still have value when your kids are grown.
Peter Schiff is the CEO and Chief Global Strategist of Euro Pacific Capital, best-selling author and host of syndicated Peter Schiff Show. He is Chairman of Euro Pacific Precious Metals, a gold and silver dealer selling reputable, well-known bullion coins and bars at competitive prices.
Many American’s are afraid to buy Gold and or Silver because they are afraid their government will eventually confiscate it, and they have good reason to fear their government, as they have made no secret of their intentions to steal the people wealth. Look at how many pension funds are being taken and that is just for starters. Neither do Americans trust other Nations governments to stand up to ours and allow us to invest in foreign accounts. So, what’s the solution?
“Government is instituted for the common good; for the protection, safety, prosperity, and happiness of the people; and not for profit, honor, or private interest of any one man, family, or class of men; therefore, the people alone have an incontestable, unalienable, and indefeasible right to institute government; and to reform, alter, or totally change the same, when their protection, safety, prosperity, and happiness require it.”- John Adams
"If a nation expects to be ignorant and free, in a state of civilization, it expects what never was and never will be."-Thomas Jefferson
The problem in America is not the government; the real problem in America is a spineless, ignorant, apathetic citizenry.
The unanimous Declaration of the thirteen united States of America,
When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature's God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.–That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, –That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shown, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.–Such has been the patient sufferance of these Colonies; and such is now the necessity which constrains them to alter their former Systems of Government. The history of the present King of Great Britain is a history of repeated injuries and usurpations, all having in direct object the establishment of an absolute Tyranny over these States. To prove this, let Facts be submitted to a candid world.
The above escape from tyranny is how this Nation was born, and is what the present government is denying you.
STAND UP AND START OVER AMERICA!
Jefferson’s Voice says
Sadly, money is the most powerful organizing principle in our society because most people have lost a sense of the eternal values we must live by to live free and dignified lives. This self-defeating behavior could be said to be due to the dumbing down, mind control, and exploitation of hard-wired greed. There are also elements of apathy and self-entitled narcissism.
Central banking may be the main tool used to control us but no economic system, however egalitarian and fair rationed based it may be said to be, can protect us from ourselves when our minds are weak, distorted, and controlled. There are no economic panaceas. We do know from experience that centralized control is never responsive to our inherent need to live as free souls and never fully transparent and thus centralized systems of control are always prone to corruption and abuse.
Like most things in life, a liquid form of exchange in an economy (“money”), can be a double-edged sword. Apathy and ignorance is the problem. Jefferson was right, “If a nation expects to be ignorant and free, in a state of civilization, it expects what never was and never will be.”
December 2nd, 2013 by olddog
Watch this eleven minute video by FutureMoneyTrends.com
By Mac Slavo
Few economic analysts truly understand the underlying fundamentals of the global economy and their impact on the workings of the world. Fewer still are willing to share that knowledge withthe general public and advise others on how toshield themselves against a destabilization of the system as we have come to know it.
Bud Conrad of Casey Research is one of those who does, and in the interview below with Future Money Trends he discusses the end result of the manipulations currently being executed by our government, central banks, and financial institutions.
Despite what we’ve be told is the case, they have fixed absolutely nothing. Our national debt has grown, millions have already been impoverished and millions more will be soon. The next crisis is imminent.
The complex of potential future problems will be based on the same problems that caused the 2008 downturn… too much government debt, too much private debt and a collapse of that debt when it can’t be paid, creating a new economic crisis.
Look at the big long-term future of our economic situation… I have predicted, that in my lifetime, the US government issue of currency can’t be trusted.
It will implode and will issue a new currency to replace the dollar. That will destroy an awful lot of debts.
It will give the government a new leg, and if they can base it on something like gold it will, both, be very bullish for gold and create new confidence. If they create a new paper system like the old paper system it’ll die just like a Banana republic [like] Argentina about every ten years later.
With that… I am saying in my lifetime we’ll see the demise of the dollar and certainly before that we’ll see gold at $10,000 an ounce.
This critical information for those who want to understand what’s happening behind the scenes and how those schemes will affect the future of our economic and monetary systems:
What’s important to understand is that the manipulation is rampant, as Bud explains in the interview above, and it will soon be revealed in the form of widespread collapse of our economic and financial systems.
Consider the monetary calamity that must occur in order for gold to rise to $10,000 an ounce, and understand that whatever causes such a price spike will be an unprecedented event in human history. It won’t just be gold that’s rising, but any tangible asset essential to survival or the flow of commerce.
Acquire those assets now at a fair price – while you still can.
Any investment you presently have that does not payoff in a hard commodity is shortly going to amount to ZERO, nothing, nada! You may have millions of dollars in the bank, and their only worth a loaf of stale bread. Don’t be ignorant enough to keep your dollar denominated investments any faster than you can convert them to physical gold, silver, or most other physical commodities. If you’re in denial about the dollar crash, you’re a fool. Your financial survival, or death, is only a matter of time, but it’s coming sure as hell. I pity you fools who believe it is disloyal to dump your dollars. Dollars have been nothing but a tool to rob you of your wealth!
November 25th, 2013 by olddog
By Tyler Durden
The Fed's Catch 22 just got catchier. While most attention in the recently released FOMC minutes fell on the return of the taper as a possibility even as soon as December (making the November payrolls report the most important ever, ever, until the next one at least), a less discussed issue was the Fed's comment that it would consider lowering the Interest on Excess Reserves to zero as a means to offset the implied tightening that would result from the reduction in the monthly flow once QE entered its terminal phase (for however briefly before the plunge in the S&P led to the Un-taper). After all, the Fed's policy book goes, if IOER is raised to tighten conditions, easing it to zero, or negative, should offset "tightening financial conditions", right? Wrong. As the FT reports leading US banks have warned the Fed that should it lower IOER, they would be forced to start charging depositors.
In other words, just like Europe is already toying with the idea of NIRP (and has been for over a year, if still mostly in the rhetorical and market rumor phase), so the Fed's IOER cut would also result in a negative rate on deposits which the FT tongue-in-cheekly summarizes "depositors already have to cope with near-zero interest rates, but paying just to leave money in the bank would be highly unusual and unwelcome for companies and households."
If cutting IOER was as much of an easing move as the Fed believes, banks should be delighted – after all, according to the Fed's guidelines it would mean that the return on their investments (recall that all US banks slowly but surely became glorified, TBTF prop trading hedge funds since Glass Steagall was repealed, and why the Volcker Rule implementation is virtually guaranteed to never happen) would increase. And yet, they are not:
Executives at two of the top five US banks said a cut in the 0.25 per cent rate of interest on the $2.4tn in reserves they hold at the Fed would lead them to pass on the cost to depositors.
Banks say they may have to charge because taking in deposits is not free: they have to pay premiums of a few basis points to a US government insurance programme.
“Right now you can at least break even from a revenue perspective,” said one executive, adding that a rate cut by the Fed “would turn it into negative revenue – banks would be disincentivised to take deposits and potentially charge for them”.
Other bankers said that a move to negative rates would not only trim margins but could backfire for banks and the system as a whole, as it would incentivise treasury managers to find higher-yielding, riskier assets.
“It’s not as if we are suddenly going to start lending to [small and medium-sized enterprises],” said one. “There really isn’t the level of demand, so the danger is that banks are pushed into riskier assets to find yield.”
All of the above is BS: lending has never been a concern for the Fed because if it was, then one could scrap QE right now as an absolute faiure. Recall that as we showed recently, the total amount of loans and leases in commercial US banks has been unchanged since Lehman, with the only rise in deposits coming thanks to the fungible liquidity injected by the Fed.
TOTAL DEPOSITS 7.3 TRILLION – LOANS 7.3 TRILLION
TOTAL DEPOSITS 9.5 TRILLION – LOANS 7.3 TRILLION
TOTAL BANK RESERVES 2.2 TRILLION
Furthermore, contrary to what the hypocrite banker said that "the danger is that banks are pushed into riskier assets to find yield”, banks are already in the riskiest assets: just look at what JPM was doing with its hundreds of billions in excess deposits, which originated as Fed reserves on its books – we explained the process of how the Fed's reserves are used to push the market higher most recently in "What Shadow Banking Can Tell Us About The Fed's "Exit-Path" Dead End."
What the real danger is, is that once the Fed lowers IOER and there is a massive outflow of deposits, that banks which have used the excess deposits as initial margin and collateral on marginable securities to chase risk to record highs (as JPM's CIO explicitly and undisputedly did) that there would be an avalanche of selling once the negative rate deposit outflow tsunami hit.
Needless to say, the only offset would be if the proceeds from the deposits outflows were used to invest in stocks instead of staying inert in some mattress or, worse (if only from the Fed's point of view) purchase inert assets like gold or Bitcoin.
Which brings us back to the first sentence and the Fed's now massive Catch 22: on one hand, should the Fed taper, rates will surge and stocks will once again plunge, as they did, in early summer, just to teach the evil, non-appeasing Fed a lesson.
On the other hand, should the Fed cut IOER as a standalone move or concurrently to offset the tapering pain, banks will crush depositors by cutting rates, depositors will pull their money from banks en masse, and banks will have no choice but to close on a record levered $2.2 trillion in margined risk position.
When the banks start charging depositors, watch the Bankers start massive investments in Bitcions, which will be followed by many disgruntled depositors, resulting in a massive price increase in bitcoins. When it’s high enough the bankers will cash out leaving behind massive losses for the remaining bitcoins holders.
By Robert Wenzel
I just spent two hours today with Bitcoin expert Trace Mayer and Vitalik Buterin, head writer atBitcoinMagazine.com, who have been in San Francisco for a couple of days.
It's always a pleasure to talk to Trace, who I consider one of the foremost Bitcoin experts. He bought a ton of bitcoins at 25 cents (and lower). I asked him if he was a billionaire yet, and he just smiled.
During our meeting he outlined the fascinating supply and demand dynamics of Bitcoin. There are currently 12 million bitcoins outstanding but Trace makes the case that the actual number of bitcoins in the float is much smaller.
For example, he believes that most of the bitcoins that the FBI grabbed at the time of Ross Ulbricht's arrest were not bitcoins that belonged to Ulbricht, but were coins that belonged to active buyers and sellers on Silk Road. Thus, these active coins are now in the hands of the FBI and are out of the float.
But more intriguing, Trace tells me he believes that between 3 million to 6 million of bitcoins will never trade again, because they were purchased early on and those who purchased them have forgotten the passwords to gain access to them. Thus, the true Bitcoin float maybe only between 6 million and 9 million bitcoins.
Given the amount of hedge fund money that is now entering the Bitcoin arena (He told me that at a meeting he attended in NYC that a Goldman Sachs analyst was even in attendance studying how GS can get into the Bitcoin game.), Trace believes that Bitcoin is headed to $3,500. A trader friend of mine thinks it will head to $10,000, before it crashes to zero.
I continue to believe that Bitcoin has many of the aspects of a pump and dump scheme and agree with Peter Schiff that it is Tulipmania 2.0, but I don't think the last tulip has been sold.
It is a very risky trade, but there is probably more upside here.
In the EPJ Daily Alert, I will have more details about Bitcoin and what Trace told me about when he plans to start selling and why. It's great timing advice for Bitcoin traders. LET THE BUYER BEWARE!
November 23rd, 2013 by olddog
By Paul Craig Roberts
Federal Reserve and Wall Street Assassinate US Dollar
Since 2006, the US dollar has experienced a one-quarter to one-third drop in value to the Chinese yuan, depending on the choice of base.
Now China is going to let the dollar decline further in value. China also says it is considering undermining the petrodollar by pricing oil futures on the Shanghai Futures Exchange in yuan. This on top of the growing avoidance of the dollar to settle trade imbalances means that the dollar’s role as reserve currency is coming to an end, which means the termination of the US as financial bully and financial imperialist. This blow to the dollar in addition to the blows delivered by jobs off shoring and the uncovered bets in the gambling casino created by financial deregulation means that the US economy as we knew it is coming to an end.
The US economy is already in shambles, with bond and stock markets propped up by massive and historically unprecedented Fed money printing pouring liquidity into financial asset prices. This month at the IMF annual conference, former Treasury Secretary Larry Summers said that to achieve full employment in the US economy would require negative real interest rates. Negative real interest rates could only be achieved by eliminating cash, moving to digital money that can only be kept in banks, and penalizing people for saving.
The future is developing precisely as I have been predicting.
As the dollar enters its death throes, the lawless Federal Reserve and the Wall Street criminals will increase their shorting of gold in the paper futures market, thereby driving the remnants of the West’s gold into Asian hands.
PBOC Says No Longer in China’s Interest to Increase Reserves
By Bloomberg News – Nov 20, 2013
The People’s Bank of China said the country does not benefit any more from increases in its foreign-currency holdings, adding to signs policymakers will rein in dollar purchases that limit the yuan’s appreciation.
“It’s no longer in China’s favor to accumulate foreign-exchange reserves,” Yi Gang, a deputy governor at the central bank, said in a speech organized by China Economists 50 Forum at Tsinghua University yesterday. The monetary authority will “basically” end normal intervention in the currency market and broaden the yuan’s daily trading range, Governor Zhou Xiaochuan wrote in an article in a guidebook explaining reforms outlined last week following a Communist Party meeting.
When it finally goes down, over half of this country is going to panic and Martial Law will be in full Force. No electric, gas, travel, food, or anything else to sustain life. The preppers will shoot you as soon as you approach their house, if our hero soldiers have not already done it.
November 9th, 2013 by olddog
By MARTIN CRUTSINGER AP Economics Writer
Chairman Ben Bernanke said Friday that the Federal Reserve is drafting rules to close large insolvent banks without bringing down the broader financial system, one of many steps regulators must take to prevent another financial crisis.
Bernanke said the absence of a process to deal with systemically important institutions in 2008 left regulators facing the "terrible choices of a bailout or allowing a potentially destabilizing collapse." His comments were made at a conference sponsored by the International Monetary Fund.
The financial overhaul law passed by Congress in 2010 gave regulators better tools to close down large financial institutions, he said. The Fed and other regulators are working to implement those rules now.
"Our continuing challenge is to make financial crises far less likely and, if they happen, far less costly," Bernanke said.
At the IMF conference, Bernanke was asked about whether enormous growth in student loan debt could trigger a future financial crisis. He said that the debt was a drag on the economy but not a threat to the overall financial system.
Student loans prevented many Americans from buying homes or making other big-ticket purchases, he noted. But the bulk of the debt is backed by the federal government, so financial institutions would not be at risk from widespread defaults, he said.
"I don't see it affecting the ability of the financial system any time soon," Bernanke said. "But it is a serious issue and more thought needs to be given to helping people make better choices."
Bernanke did not make any comments during his appearance about current economic conditions or the Fed's interest rate policies.
Sounds to me like some serious cogitation has been going on in the I.M.F. – D.C. sausage factories. Watcha think folks, will they sacrifice the Lamb of Gold? Don’t forget, they can fart longer than we can hold our breath!
November 8th, 2013 by olddog
By Benjamin Fulford
Some kind of paradigm changing event in the US is imminent, according to multiple sources. Three US agency sources, two from the Pentagon and one from the CIA, all say something very big is going to happen in the United States but none of them were sure exactly what it will be. The Pentagon had already taken over the FEMA camps and was going to put all the politicians from Washington D.C. there, one source said. Another, at Pentagon Military intelligence, confirmed “there was a lot of activity and confusion within the military,” a sign of something big going on but, he was not sure exactly what.
He added that for some reason all the FEMA coffins had been moved to Puerto Rico and were being displayed on Puerto Rican TV stations. The CIA source, for his part, said they were going to shut down the US power grid on November 11th.
In another sign something unusual was going on the US armed forces radio station in Japan broadcast a statement last week that the “US military did not have a budget for 2014.”
A top level Chinese government representative also reported that an agreement had been reached to release vast amounts of funds to finance a major campaign to end poverty and stop environmental destruction.
After receiving the call from the Chinese source, this writer called to US Embassy in Tokyo, Japan to ask if the government of the United States supported setting up a new development agency to carry out a multi-trillion dollar campaign to end poverty and stop environmental destruction.
In what seems to be a direct reply, a Pentagon military intelligence agent in Japan met this writer and asked if President Barack Obama could be included in the campaign. He said that despite Obama’s “weird metrosexual lifestyle” and despite the fact his father was an American communist and not a Kenyan politician as advertised, they supported Obama because he stopped World War 3 from starting in the Middle East.
In response he was told that if the cabal was defeated by the White Dragon Society and its allies, the US military would receive more funding that it does now and would be asked to help in the campaign to fix the planet. As far as Obama was concerned, the representative was told his fate is up to the American people and the US military industrial complex.
In any case, the United States is under enormous external pressure to get its act together.
The NSA scandal is one example. Here we have a US defector in Russia revealing secrets about US spying on its allies. The result is heavy criticism on the US regime by supposed allies such as the German, French and Spanish governments, a clear sign the Europeans are moving closer to Russia and distancing themselves from the US.
The other big move against the US last week came when Russia sent two strategic nuclear bombers to Venezuela after which Venezuela immediately took over US owned oil rigs in the country.
The Chinese did their bit by announcing they had surrounded the US with nuclear submarines that could annihilate the entire continental United States. They have also been aggressively investing in new energy technology and will pioneer a post-oil world.
In the old oil powers fortress of the Middle East as well, the Russians are continuing to jump into the US vacuum. Turkey, supposedly a NATO country, is negotiation a customs union with Russia, buying missiles from China and rounding up and removing Mossad agents spying on Iran from Turkey. Egypt too is buying missiles and other weapons from Russia and offering the Russians a naval base.
Last week when Israeli forces attacked Syria, the US armed forces immediately informed the Russians of this fact, infuriating the Israelis and making it clear that the United States armed forces are no longer going to fight wars for Israel. As a result that country will have to reach a deal with its neighbours and with Russia if it is to remain a viable entity.
The long term plan, according to an Eastern European Illuminati grandmaster, is to create a loose federation of Muslim states anchored by Turkey at one end and Egypt on the other. In this plan, Israel is expected to eventually become a Jewish autonomous region inside this federation.
The totalitarian rulers of Saudi Arabia, for their part, need to remind themselves of the Arab saying: “One day the stick is in your hand, the next day it is in your ass.”
What all this means is that the oil money from both the Middle East and South America will no longer be recycled into the banks that own the Federal Reserve Board thus dooming the Rockefeller/Bush petrodollar.
That is why the US Congress last week suddenly passed a bill allowing the big US banks to once again create infinite amounts of funny money using derivatives.
Of course the US military is upset about all this but, the answer is that the world wants them to go into Washington D.C. and Wall Street and remove the parasitical gangsters who have caused so much misery to the people of the world, including the American people.
After that, the US military industrial complex will get generous funding to do things like protect endangered species, fight bandits as well helping put to an end to various forms of planetary rape such as over-fishing and the destruction of rain forests. That is exactly what is about to happen, the pentagon and agency sources hint. The sources also say the cabal members and their families, who had planned to hide in underground bases while they killed everybody else, will instead find themselves confined in the FEMA camps. If that does not happen, the noose will only get tighter until it does. The people of the world are sick and tired of the criminal behavior of the US rogue regime.
If the US power grid is shut down on November 11th, it will mean no internet, no TV and no ATMs. If this event does happen, and if it is managed by the good guys, it can thus be used to render impotent two of the cabal’s main weapons, the control of the distribution of money and the use of mass propaganda. The system could then be rebooted minus all the hysterical nonsense and fake news that it has been churning out recently.
The coordinated attempts by cabal slave governments in Japan, the US and the UK to drastically curtail press freedom are signs of cabal desperation, not cabal power. They have lost control of the plot and somehow think they can put the genie back into the bottle by cutting off the truth. That is not going to happen.
The cabal appointed leaders in Canada, the UK and Japan are under attack on multiple fronts. In Canada a corruption scandal is closing in on Bush slave appointee Stephen Harper. In the UK, the passage of a draconian press law has triggered a massive anti-government campaign. In Japan, the gangsters who used to work for the cabal are no longer doing so, meaning the Japanese Parliamentary acting troupe will be reading from a new script. That has already been seen with the announcement last week of joint Japanese Russian military maneuvers. Expect more soon.
The end game of all this will be world peace.
Plus, if we are lucky, and it turns out alien races have been blockading us because of our criminal leadership, once we attain world peace we might be allowed off the planet and we will get the chance to explore the universe. If not, we will just have to work on making this planet really nice and fun.