Categories » ‘Banking Fraud’
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.
October 23rd, 2013 by olddog
By Dave Hodges
There is one undeniable fact that is emerging from the world of international finance, if you want to retain the money that you have earned, you are going to have to leave the country or you are going to have to overthrow the bankers that have hijacked your government.
I will not mince words, this means revolution in which your primary foe will be DHS and their 2.2 billion rounds of newly acquired ammunition and their 2700 armored personnel carriers. There is no middle ground, it is either fight or acquiesce. And the bad guys know this and this is why they have a plan to incrementally steal your money under false pretenses so as not to alert the masses and rouse them into a state of revolution. .
How We Got In the Present Mess
The threat to your financial well-being has far less to do with the persistent and incremental theft of your money by the Federal Reserve, which has resulted in the value of your dollar eroding to a value of less than 4 cents over the past 100 years. The present day threat has to do with the outright theft of your bank account by new IMF policies.
These same bankers, who have deflated the dollar and wrecked the economy, are coming after your pensions, as I have written about; and now the banksters want your bank accounts.
The IMF Is the Enforcer of the Global Elite
IMF director, Christine Lagarde, has been recklessly advocating for a wholesale seizure of 10% of all accounts in the Eurozone, but because there may be riots and even a revolution if there are wholesale bail-ins, the IMF has settled on a more incremental plan of economic subjugation in a which a 10% tax will implemented against all bank account holders in order to pay down the debt.
What the IMF and the central bankers are not telling you is that the debt can never be paid down because the primary source of the debt comes from the derivatives market which totals a minimum of one quadrillion dollars which is 16 times the entire value of the planet. In short, these banksters are merely trying to stay one step ahead of the burning bridge by stealing your pensions and bank accounts. And does anyone truly believe that these banksters will stop at looting just 10% of your bank account? When does 10% become 20%, which becomes 30%, which becomes 100%? This will be followed by the bankers issuing a neo-feudalism style of welfare to all citizens. Mark my words America, the 10% “tax” is just the starting point.
Selling the “Tax” As a Tax on the Rich
The ultimate “gold-digger”
The IMF has repackaged Lagarde’s recommendation for a 10% tax on all banking accounts and is recommending that all developed countries make up their debt load by “taxing the rich”. This is the same game, just a different name. This game of semantics is based upon the belief that the people of ordinary means will accept a 10% initial hit on their savings so long as the rich are sharing in the pain. Really? Since when have the rich ever shared in the burden for anything? Last year, Warren Buffet bragged that his secretary paid more tax than he does. The rich do not pay tax, they are allowed by the IRS to accept payment for their services in off-shore foreign banks that the IRS does not solicit information from. You and I do not have access to the same tax evasion schemes because it often takes a minimum of $30-50 million dollars to open such an account in places like the Cayman Islands. Therefore, when Lagarde’s IMF tells you that you are going to be taxed (i.e. 10% of your bank account stolen) at the same rate as the rich, do not believe Lagarde and the IMF because they are lying through their teeth.
The coming global tax will be instituted through the central bank of each nation. This means that in the US, the Federal Reserve Banks of Bank of America, Wells Fargo, JP Morgan Chase et al., will be impacted. This means that the tax-dodge banks used by the global elite in the Cayman Islands will be exempt from this “tax” because they are not under the direct authority of a central bank.
Ask yourself, when you have been standing in the teller lines at the Bank of America, how many times have you seen Bill Gates, David Rockefeller, Warren Buffet, George Soros and Donald Trump in the same teller line next to you? These banksters will not pay one dime in tribute to the IMF. This entire burden, just as it is with the tax system, will be paid by the middle class of each nation. The elite do not bank where you do.
Global Elite Finance As a Second Language
If you want to truly understand where this is headed, you must become fluent in the language of the global elite and the first prerequisite understanding that you must acquire is that no developed nation is taxing the rich to any significant degree. A nation can say they are taxing the rich and they can even pass laws which state that they are taxing the rich, but no nation is truly taxing the rich. If a nation was to decide to actually to tax the rich, the money of the rich, and their corporate assets, would leave that country so fast that your head would spin because the developed nations of the world are in a race to the bottom in terms of recruiting corporations to relocate to their country by offering corporations and their elite owners huge tax incentives while passing along the corporate and banking debt load to what’s left of the middle class. Therefore, what does tax the rich really mean?
The New Version of Taxing the Rich
The statement, taxing the rich means that the elite are going to introduce what appears to be a universal program which will, on the surface, appear to tax everyone the same in order to pay for the massive debt that is crushing every country on the planet, namely, the derivatives debt.
In the last section of the 10% tax requested, in the IMF report, on page 58, it states the following:
“The tax rates needed to bring down public debt to precrisis levels, moreover, are sizable: reducing debt ratios to end-2007 levels would require (for a sample of 15 euro area countries) a tax rate of about 10 percent on households with positive net wealth... Simulations show that maintaining the overall budget at a level consistent with the IMF staff’s medium-term advice would bring the average debt ratio to about 70 percent of GDP by 2030, although in a few countries it would remain above 80 percent. However, the large debt stock, the uncertain global environment, weak growth prospects, and the absence of well-specified medium-term adjustment plans in systemic economies like Japan and the United States complicate the task.“
The Expatriation Option
This above-mentioned IMF analysis tells you quite clearly that their “debt reduction” plan is coming to Japan and the United States. So, perhaps you will decide like record numbers of Americans have already done, that it is time to go to a country such as Costa Rica or Norway and take your money with you. While it is true that you might be able expatriate to one of these countries, taking the bulk of your money with you is going to be a fundamental problem.
JP Morgan Chase has announced that they are stopping international wire transfers from private accounts and are limiting account holders to less than $50,000 cash withdrawals. In the past couple of days, HSBC (America) has announced the same basic policies. I expect that within the next 30 days, the Bank of America and Wells Fargo will follow suit. This is clearly a move designed to prevent capital flight from the United States so that the bankers will have easy access to your funds. Let’s take a big picture view, shall we? There can be no other conclusion than this nation’s megabanks are locking up the money supply that they have control over in preparation of implementing the 10% “tax” on you money.
Even if you decide to give your money one small extra layer of protection and move it into a credit union, and then move your money out of the country, your efforts will largely fail. Because the $50,000 transfer prohibition applies to the transfer of your money to domestic banks as well. The banks are telling you that they own your money, and legally they are correct. Very soon, this expatriation option will disappear.
Your Bank Account Has No Protection
The FDIC has only about $25 billion in its deposit insurance fund, which is mandated by law to keep a balance equivalent to only 1.15% of insured deposits. If a banking collapse were to be on the near horizon, the banksters are not going to notify you because they would not want to incite a bank run. With only 1.15% of all deposits being insured by the FDIC, your money would be left vulnerable and only the elite would be warned as they quietly transfer their money to a safer haven. How do I know this? Because this is exactly what my research discovered on the money movements preceding the Gulf oil spill, as it ws revealed that on the morning of the explosion, Goldman Sachs issued a “put option for preferred insiders” in Transocean (the owner of the Deep Water Horizon oil rig) and the elite had their stock profit margin guaranteed while everyone else took a financial bath! This is the undeniable pattern of the global elite.
Additionally, your bank account has been collateralized against the derivatives debt. The bankruptcy reform laws stemming from the Bankruptcy Reform Act of 2005, derivatives counter-parties are given preference over all other creditors and customers of the bankrupt financial institution, including FDIC insured depositors. This gives what the experts call “super priority” in terms of the line of succession from which to collect bankruptcy monies. Bank of America has conspicuously co-mingled their derivatives debt with your savings account and as such they have every legal right use your money to cover their debt. Oh, they would never do that you say? I have bad news for the uninformed, they already have done that very thing. In the MF Global debacle, the reason that MF Global customers lost their segregated account funds was because the MF Global debt load was caused primarily because of their derivatives debt which, under bankruptcy laws, gave derivatives claimants super-priority in the bankruptcy proceedings. In short, you do not matter.
A Message to All Police State Surveillance Grid Employees
Hey NSA, while you are watching us, the IMF is watching your pensions and bank accounts.
To all of you in the NSA who are spying on Americans to determine who has been naughty or nice, your banks accounts and pensions will soon be gone as well. To all military and police, the same is true for you too. It does not make sense for any American to go along with this tyranny. Why would you people fight on the side of those who would rob you blind at the end of the day? Expatriate or Fight? The options are narrowing very quickly.
Tick, tick tick…..It is 5 seconds to midnight.
October 21st, 2013 by olddog
By Jon Christian Ryter
An excerpt from the book, Whatever Happened To America?
In 1917 Woodrow Wilson's Congress enacted the Trading With the Enemy Act to regulate—not forbid—trade with belligerent nations. The language of this piece of legislation defined precisely who was, and who was not, an enemy of the United States. Specifically excluded from that classification were the citizens of the United States. That was an oversight that would be corrected three days after Franklin D. Roosevelt assumed the mantle of the presidency on March 6, 1933.
During the first 100 days of Roosevelt's administration, Congress passed a litany of legislative programs ostensibly designed to stimulate the economy and send America back to work. Most of this legislation was expediently enacted with about as much congressional forethought as the Emergency Banking Relief Act. A great deal of it, like the Agricultural Adjustment Act, the National Industrial Recovery Act and the Congressional Gold Repeal Joint Resolution, violated the Constitution of the United States, and portions of those acts would be declared unconstitutional by the U.S. Supreme Court in 1935.
The first of three laws designed to wrest control of the United States away from the States and the people was engineered on May 9, 1933. This law, enacted without a single Congressman or Senator reading it and after only 40 minutes of debate in both houses of Congress, by both parties was the Emergency Banking Relief Act.
There were at least two reasons Roosevelt didn't want Congress looking too closely at the language of the Emergency Banking Relief Act. First, it restructured the banking system of the United States and placed even more monetary control in the hands of the central bankers. Second, it gave Roosevelt war powers control over the United States of America in peacetime. But most important, it changed the language of the Trading with the Enemy Act, effectively classifying the citizens of the United States as the enemies of their own central government. And, it did one other thing. It granted Roosevelt (or whomever would follow him into the White House) the right to redefine the ownership of private property in the United States.
Such redefinition was necessary since the war powers authority Roosevelt was being accorded to deal with the national emergency granted him the right to seize the property of those who failed to comply with the laws which were being enacted. The right to seize the property of American citizens without due process would be one of the paramount weapons the government would continue to use long after the emergency expired. It would be a much-used weapon by the Internal Revenue Service, which has not hesitated to seize any asset or property of any American citizen without due process since 1934. In the last few years, that right has also been assumed by State and federal police agencies who now seize the assets of drug dealers and those charged with violations of the RICO act at the time of arrest, not conviction. Gone forever is the presumption of innocence until guilt is proven beyond a reasonable doubt.
Municipalities do the same when they seize the vehicles driven by johns arrested for seeking the illicit pleasures of prostitutes in hundreds of sting operations launched each year by countless brigades of city and county police agencies throughout the country. All such laws, regardless of their deterrent qualities, and regardless if they are upheld by the courts, violate the Constitution of the United States because they deny the accused the right to due process before seizure takes place—an inalienable right they possess under the Constitution of the United States.
It is a troubling sign of our times that courts of law in America, regardless of the compelling interest of society to eradicate the proliferation of illegal drugs that are taking such a devastating toll on human life and dignity while breeding all other forms of crime from petty larceny to murder, would wantonly violate the Constitution of the United States under the guise of providing a safer and more secure America.
The redefinition of private property rights is found in Senate Document 43 that examined, and attempted to justify, the ramifications of the powers delegated to the President under the War Powers Act albeit after-the-fact. On page 9 of that document, the Senate brazenly declared: "The ultimate ownership of all property is in the State; individual so-called 'ownership' is only by virtue of the Government, i.e., law, amounting to mere user…" That particular facet of Document 43, further clarified by Senate Report 93-549, has become codified by precedent.
As the Senate began to examine exactly what powers they had granted the President by amending the Trading With the Enemy Act on March 9, 1933, they concluded that: "Under these powers the president may: seize property; organize and control the means of production; seize commodities; assign military forces abroad; institute martial law; seize and control all transportation and communication; regulate the operation of private industry; restrict travel, and in a plethora of particular ways, control the lives of all American citizens." (Senate Report 93-549.)
It is important to note that every dictatorship in the modern world has abrogated the rights of private ownership, seized property at will, organized and controlled all production within its society, seized and controlled the transportation infrastructure of the nation, nationalized communications to censor the free expression of opinion and restricted the movement of its citizens. This is usually done with an internal passport which the citizens of every authoritarian country are required to carry with them at all times. Whenever these steps are taken by any government, democracy dies a bittersweet death and totalitarianism is born in the ashes of lost freedom.
The Roosevelt brain trust, in paving the way for Roosevelt to implement his New Deal programs, privately acknowledged that most of the economic and social programs they were constructing even before Roosevelt assumed the White House would be legally problematic when viewed in the context of the constitutionality of a United States president's authority in peacetime. In times of war, the Constitution allows for the broadening of presidential powers by the Chief Executive to deal with extraneous, albeit temporary, emergencies that seriously threaten the security and welfare of the nation.
However, in 1933 America was not at war. It was a dilemma the brain trust would quickly solve by modifying the Trading With the Enemy Act of 1917 to include any national emergency. In doing so, it was also necessary to redefine the enemy since the extraneous authority granted the President under the terms of Public Law 91 was directed only at the enemies, and allies of the enemies, of the United States. A peacetime application of the Trading With the Enemy Act without some form of universal modification that would allow Roosevelt to apply the tenets of that law against the citizens of the United States would be meaningless.
Public Law 1, stemming from H.R. 1491, will long be remembered both as the bill nobody read and the legislation that gave the President of the United States dictatorial power over America. As Americans, many of us criticize those citizens who blindly vote for candidates based solely on their political affiliation without possessing any knowledge of the issues at stake in the election in which they are casting their ballots. Yet, in the Congress of the United States, on March 9, 1933, those we elected to represent us before the federal government of the United States did precisely that very thing themselves. Is it any wonder the electorate of America has a herd mentality?
What happened that day in 1933 is more terrifying than the stock market crash and the ensuing Depression combined. Clearly those we elected, and continue to elect, no longer represent the constituents who placed them in office and have not for several years. Most career politicians have been institutionalized and clearly represent only the interests of big government and the special interest groups that contribute massive amounts to keep them in office so they can manipulate the reins of government from behind the scenes in the name of the general public they are sworn to serve.
The special session of Congress that met on March 9, 1933 did so because the President of the United States called them to address a national emergency of such extraordinary proportions that it required extraordinary legislation to cope with the crisis. If that fact, in and of itself, was not a red flag (pardon the pun), the failure to read the legislation being considered for rushed passage (another red flag), or the preamble of the legislation itself should have been.
"Be it enacted by the Senate and the House of Representatives of the United States of America in Congress assembled, That the Congress hereby declares that a serious emergency exists and that it is imperatively necessary speedily to put into effect remedies of uniform national application.
TITLE I. Section 1. The actions, regulations, rules, licenses, orders and proclamations heretofore or hereafter taken, promulgated, made, or issued by the President of the United States or the Secretary of the Treasury since March 4, 1933, pursuant to the authority conferred by subsection (b) of section 5 of the Act of October 6, 1917, as amended, are hereby approved and confirmed."
A very large red flag was being waved.
The Emergency Bill begins with an admission that the new President and his Treasury Secretary had already broken the law; and were now seeking not only retroactive exoneration for those deeds, but absolution from future infractions of the Constitution as well. Clearly, Roosevelt and Attorney General Homer Cummings did not want Congress scrutinizing the bill too closely because some of the very subtle textual changes they made in their revisions of the Act of October 6, 1917 might not stand up under the light of day.
Many Congressmen believed the only revisions were those found in Section 5(b) (italicized). "During time of waror during any other period of national emergency declared by the President, the President may, through any agency he may designate, or otherwise, investigate, regulate, or prohibit, under such rules and regulations as he may prescribe, by means of license or otherwise, any transactions in foreign exchange, transfers of credits between or payments by banking institutions as defined by the President, and export, hoarding, melting, or earmarking of gold or silver coin or bullion or currency, by any person within the United States or any place subject to the jurisdiction thereof…"
In fact, the Act of October 6, 1917 expressly forbade the President from interfering in banking transactions executed wholly within the United States. Furthermore, Public Law 91, Chapter 106, declares itself to be "An Act to define, regulate, and punish trading with the enemy, and for other purposes" none of which dealt with citizens of the United States, clearly defined by Section 2(c): "(c) Such other individuals, or body or class of individuals, as may be natives, citizens, or subjects of any nation with which the United States is at war, other than citizens of the United States…" Again, we see the same exclusion. As defined under the Act of October 6, 1917, American citizens were exempted from the classification of an "enemy." However, in the Roosevelt version, the only people under scrutiny for punitive action are American citizens or those who haplessly fall within the jurisdiction of the United States government. Roosevelt sought, and was granted by Congress, power to engage in an economic war against the people of the United States.
It may well be that the only use Roosevelt intended to make of the expanded war powers authority was to protect his Administration from any potential problems that could have arisen from assuming prerogatives he did not legally possess when he closed the banks over which he had no Constitutional authority. More likely than not, either he or his brain trust or both realized that his far-reaching socialist agenda to nationalize the industrial base of America would usurp not only the separation of powers between the executive, judicial and legislative branches of the federal government, but would create insurmountable sovereignty issues between the federal government and the States as well. Realizing that, possessing supra-wartime powers would weigh heavily in disputes with either the States or with Congress.
On September 14, 1976 Congress passed H.R. 3884, the National Emergencies Act (50 USC 1601), Public Law 94-412, to terminate the broad powers previously granted to the President. Exempted from the law were any and all actions taken before the bill became law; or, any fines, assessments or penalties due the government from those actions.
However, what Congress erased with one hand, it rewrote with the other. The only thing permanently taken from the President was autonomy. Section 201.(a) granted virtually the same powers to the Congress, which must now authorize the President to declare states of national emergencies that he could formerly do without their consent.
This slight of hand was important to Congress because it allows Congress, through a concurrent resolution, to terminate any state of emergency declared by the President. Retained, almost in its entirety, was the infamous Section 5(b) which classified the citizens of the United States as enemies of their government. The Trading With the Enemy Act has now been duly codified, and is now a permanent part of the U.S. Federal Code. And the American people have permanently been classified as enemies of their federal government.
Order the book: Whatever Happened to America?
© 2004 Jon C. Ryter – All Rights Reserved
October 19th, 2013 by olddog
By Mac Slavo
“Economic martial law will be declared… restrictions will be set on the amounts, times and frequency of withdrawals.”Forecaster Gerald CelenteTrends Journal – Summer 2011
We hope you’re paying attention.
If there were ever a red flag warning about the economic and financial destruction to come, JP Morgan Chase Bank began flying it this morning.
In a shocking report from Infowars we learned that mega-behemoth Chase has issued letters to thousands of business customers indicating that they will no longer be allowing international wire transfers or cash deposits, withdrawals in excess of a $50,000 monthly cap.
Chase Bank confirmed to Infowars that all business account holders were being subjected to these new regulations. Given that even a relatively small grocery store or restaurant is likely to turnover more than $50k a month in cash payments, this appears to be part of a wider move to shut down businesses who mainly deal in cash.
When Mike Adams of Natural News received the same letter he contacted Chase Bank and was able to confirm the new policies.
According to Chase, “everything is fine,” and customers need not worry.
Their response was that these changes were being implemented “to better serve our customers.” They did not explain how blocking all international wire transfers would “better serve” their customers, however.
Chase Bank specifically denied any knowledge of problems with cash on hand, or government debt or any such issue. They basically downplayed the entire issue and had no answers for why capital controls were suddenly being put into place.
This is nothing short of a capital control, which is an economic strategy designed to limit the transfer of money. It is a strategy implemented only during times of economic or financial distress, most often as a precursor to wealth seizures by the state.
Be warned, Chase bank is the first of likely many banks to begin the lock-down of the financial wealth of private individuals in the United States of America.
The new restrictions are particularly ironic because JP Morgan Chase (along with other large banking conglomerates) is a primary shareholder, and thus owner, of the Federal Reserve, which has been responsible for sending trillions of freshly printed dollars outside of the country over the last several years.
There is absolutely no legitimate reason for why one of the world’s biggest banks just restricted the outward flow of cash from domestic businesses to their international contacts, especially considering that we are repeatedly told we live in a globalized world where we need to learn to work with our foreign partners.
It makes no sense.
Unless, of course, you stop to consider that the United States is and has been on the brink of collapse, literally, for nearly a decade. This was first confirmed in January of 2011 in a letter to Congress by then Treasury Secretary Tim Geithner when he spoke of the U.S. debt ceiling.
Even a very short-term or limited default would have catastrophic economic consequences that would last for decades.
Most recently, the U.S. Treasury Department reiterated the seriousness of any misstep in our trillion-dollar debt spending:
In the event that a debt limit impasse were to lead to a default, it could have a catastrophic effect on not just financial markets but also on job creation, consumer spending and economic growth
Think about the recent USDA letter to state food stamp directors, in which they noted that lack of funding would lead to a complete freeze on Supplemental Nutritional Assistance Program distributions to millions of people. Within 24 hours of such a move the entire country from coast-to-coast would be awash in rioting, looting and violence.
This is how close we are.
As we noted, Congress and the President “saved” us yet again in the 11th hour. But we are only pushing out the timeline on the inevitable.
The government knows this – as evidenced by the warnings of the Treasury Department.
The mega-banks know this as well.
And several years ago trend forecaster Gerald Celente warned that this is exactly how it would happen and it would come on the heels of a rogue terror attack that may involve direct targeting of the U.S. populace through violence, or cyber attacks that attack our banking system or take down the U.S. power grid:
Bank holidays will be called, the US and other fragile economies will crumble, gold and silver will soar, and already-troubled currencies will crash. Economic martial law will be declared. Introduced as a temporary measure, once in place it will remain in place (like the curfews and draconian security precautions installed by despots and dictators everywhere). Civil rights will be suspended and, particularly in America, Homeland Security, already intolerably intrusive, will achieve an Orwellian omnipresence.
With banks closed and economic martial law in place, restrictions will be set on the amounts, times and frequency of withdrawals. As we have cautioned before, it will be essential to have a stash of cash on hand. Even though governments will devalue their currencies, it will happen in stages.
Piece by piece, day by day, intrusion after intrusion, the end game should be coming into focus.
Take the following warning from Mike Adams seriously because ignoring it will have severe consequences for you and yours.
This is happening, folks! The capital controls begin on November 17th. The bank runs may follow soon thereafter. Chase Bank is now admitting that you cannot use your own money that you’ve deposited there.
This is clearly stemming from a government policy that is requiring banks to prevent cash from leaving the United States. Such policies are only put into place when a huge financial default event is expected.
It may not happen tomorrow, or next month, or next year. But the consumer paradigm in which we live, the relative peace and stability we experience… it will all come crashing down.
The time to insulate yourself is right here and now.
They are preparing for what they know is coming.
You should be too.
Yes, I’m aware this is about business accounts, and not private checking and savings accounts, but this is exactly how the Bankers operate. They cut little pieces out of your freedom one at a time until you have bled to death. Consider the history of Government/Banker relationships and their past actions before you go back to sleep. One day you will wake up with an empty account, with no recourse available. American’s must stop being apathetic and begin being proactive in securing their assets from future tyranny. Why wait for them to steal you blind?
Read the related article at http://anationbeguiled.wordpress.com/2013/10/19/it-
October 17th, 2013 by olddog
Those who bank with JP Morgan Chase are nuts to keep their deposits there. And so the unwinding of the banking system begins (publicly – it began privately long ago). Marilyn Barnewall
By Mike Adams,
(NaturalNews) I admit that when I saw today's breaking news on InfoWars.com about Chase Bank limiting cash withdrawals and banning international wire transfers, I was skeptical. Many readers didn't believe it, either. So just to check it out, I called my own accounting team to ask if we had received a similar letter from Chase, announcing that no international wire transfers would be allowed after Nov. 17th.
Sure enough, we were sent the same letter! I've posted a JPG image of the letter below so you can read it for yourself.
Or Click here to see the hi-res scan of this letter. This is the letter that we received directly from Chase. This is not secondhand information.
The letter clearly states that beginning November 17:
• All international wire transfers will be disallowed.
• All cash activity, including cash withdrawals and deposits, will be halted at "$50,000 per statement cycle." How are businesses who deal with a lot of cash (such as restaurants) supposed to function under such restrictions?
Chase Bank representatives told Natural News "everything is fine"
We called and spoke with Chase Bank to ask why these capital controls were being implemented on November 17th.
Their response was that these changes were being implemented "to better serve our customers." They did not explain how blocking all international wire transfers would "better serve" their customers, however.
Chase Bank specifically denied any knowledge of problems with cash on hand, or government debt or any such issue. They basically downplayed the entire issue and had no answers for why capital controls were suddenly being put into place.
Dropping the hammer on capital controls
This is the beginning of the capital controls we've been warning about for years. Throughout history, when governments are on the brink of financial default, they begin limiting capital controls in exactly the way we are seeing here.
Following that, governments typically seize government pension funds, meaning the outright theft of pensions for cops, government workers, etc., is probably just around the corner.
Finally, the last act of desperation by governments facing financial default is to seize private funds from banks, Cyprus-style. The precedent for this has already been set in Cyprus, and when that happened, I was among many who openly predicted it would spread to the United States.
This is happening, folks! The capital controls begin on November 17th. The bank runs may follow soon thereafter. Chase Bank is now admitting that you cannot use your own money that you've deposited there.
This is clearly stemming from a government policy that is requiring banks to prevent cash from leaving the United States. Such policies are only put into place when a huge financial default event is expected.
More updates to follow. Stay tuned to Natural News for intelligent analysis of why this is happening. We are already receiving word that this may have something to do with the "Dodd-Frank Wall Street Reform and Consumer Protection Act" and we are looking into it further.
Here's the letter we received:
Watch and see if this does not spread to all banks and credit unions before the end of 2013. Please wake up to the fact that, WE DO NOT HAVE ANY PROTECTION FROM OUR GOVERNMENT AND THEY ONLY WORK FOR THE INTERNATIONAL INVESTMENT BANKING CARTEL, and you can take THAT to the bank! AMERICA IS GOING BELLY UP within months, AND WE CANNOT STOP IT. Send this notice to all your contacts. CONVERT YOUR LIQUID ASSETS TO GOLD AND SLVER NOW! And always remember, if you can’t touch it, you don’t own it.
October 16th, 2013 by olddog
By Paul Craig Roberts
In less than 2 days, if the Treasury secretary can be believed, the Treasury will not have enough money to pay all its bills and will have to prioritize. This doesn’t mean default, as interest on Treasury bonds, notes, and bills will be right up there with the military and NSA. If Washington defaults on its bonds, Washington’s power will be gone with the wind regardless of whether the Treasury pays the military.
Whatever the outcome, Washington has already cooked its goose. Washington’s prestige and credibility have been hammered.
China, Washington’s largest foreign creditor, has responded to Washington’s inability to govern itself with a call for a de-Americanized world. The state news agency, speaking for the Chinese government, said that the “days when the destinies of others are in the hands of a hypocritical nation have to be terminated, and a new world order should be put in place.”
China does not mean by “a new world order” the conspiratorial concept popular on the American right-wing. What the Chinese government means is a departure from the American world order based on the US dollar as world reserve currency and US financial imperialism.
China has clearly had enough of Washington’s hubris, arrogance, and irresponsibility as the lack of diplomatic language makes clear: “Instead of honoring its duties as a responsible leading power, a self-serving Washington has abused its superpower status and introduced even more chaos into the world by shifting financial risks overseas.” In addition Washington has provoked “regional tensions amid territorial disputes, and waged unwarranted wars under the cover of outright lies.”
China announced that it has discounted the value of US Treasuries held as collateral against futures trades, and China and the European Central Bank have arranged a currency swap in preparation of a US default.
The head of the IMF declared on NBC that Washington must honor its signature and uphold its financial promises.
Clearly, the fact that the “superpower” is less than 48 hours away from being unable to finance its red ink has made the world nervous of American financial leadership.
I believe that at the last minute the crisis will be resolved and, if not, that neither the Federal Reserve nor the White House will permit a default on public debt. Either the Fed will extend a loan to the Treasury or Obama will implement one of the presidential directives put on the books by George W. Bush. Nevertheless, the government’s shutdown and the specter of a Washington default have made a deep impression on the world. Washington’s power has been diminished permanently.
Washington’s economic embarrassment came close on the heels of being exposed as a liar and blocked from attacking Syria. Neither the American people, nor the UN, nor the British Parliament, nor NATO, nor the Russian government would tolerate another Washington act of naked aggression.
With comeuppance following comeuppance, the diminished superpower will be showing less arrogance in the future.
Now that the rest of the world has stood up to Washington, the American people need to stand up to the executive branch, take back their civil liberties, close down the police state, break up the media conglomerates and reestablish an independent press.
SEND THEM BACK TO KENYA
October 15th, 2013 by olddog
By Jack Mullen
The gold market was slammed shortly before the start of the “theatrical release“of the Federal Government “shutdown”.
Historically, government shutdowns have been associated with negative financial news. Governments having to shut down due to financial reasons are generally considered to be in financial stress.
Negative financial news has historically been a time when gold and silver prices rise due to uncertainty. Gold and silver have long been safe havens against financial calamity including falling currency values, falling bond prices and even rising interest rates, as gold and silver store wealth against borrowing costs.
A quick survey of the last 17 government shutdowns going back to 1976, especially those lasting more than 3 days, we see gold prices never fell during any of those shutdowns. The longest running shutdown was from December 5th, 1995 through January 6, 1996, and during that period gold rose from $386 per ounce to $409 per ounce, a rise of nearly 6%.
The current government shutdown comes during a time period when American debt has never been higher. The Obama administration beginning in 2008 has added more debt to the Federal balance sheet than all other Presidents, from George Washington to George H. W. Bush combined, a staggering $4.2 Trillion dollars.
The issue of debt is not about total dollar amount, but about interest payments which must either be taxed in existence or borrowed into existence. By the end of the Obama Presidency, the total debt is likely to be close to $17 trillion, and over $6 trillion added during his two terms, which is as much as the total US Debt at the start of 2002.
The terms of the Federal Reserve Act (1913) did not include demands for repayment of paper money loans made to the Department of the Treasury, (the Constitutional United States Treasury having been ended by law in 1921), but specified interest payments were to be made only in gold, and after the gold was gone the United States declared bankruptcy. Bankruptcy was declared on the carefully chosen date of March 9, 1933. (Interesting numerology 3-9-33 or 333-333 ==666!) After 1933, all property and all potential income of all persons born thereafter was hypothecated to the non Federal no Reserve private banking cartel, but this is another story.
Interest payments are the primary benefit of banker pretended debt script, except, when the game’s gone too long. In the end, interest payments finally cause the destruction of debt script, as interest rates rise exponentially until no amount of script can satisfy the demands for more interest.
A primary concern of banker debt script managers is interest rates; keeping rates as low as possible is of the highest priority, especially when total debt ‘crosses the Rubicon’ where interest payments on debt already created, significantly affect future interest payments as previous payments are borrowed into existence. The United States Federal Reserve has crossed the Rubicon, and rising interest rates will signal the coming end of the FRN private debt-based script.
Over the past several years, it has been noted that the gold, silver, platinum, and palladium have exhibited price behaviors consistent with being managed prices. Prices of gold and silver, especially, have been manipulated; both to keep the purchasing power of the dollar from falling quickly and to keep prices of US bond products high, resulting in unnaturally low and stable interest rates.
Contrary to reality-based, un-coerced, markets, where gold and silver, and other precious metals, rise as a currency is being over printed, the US Fed and complicit banks and brokerage houses have conspired to cause monetary metals to fall in prices, even as debt levels rise to all time highs more than doubling since 2002.
Rising interest rates are a sign that banker pretend debt script exists in far greater quantities than products to purchase in a market. Rising quantities of script mean more money available to purchase non increasing numbers of goods. As more money demands product, but production fails to rise, prices rise signaling shortages, as extra money supply attempts to purchase more product. Rising interest rates reduce demand for money and shrink the money supply as loans are paid off, and fewer new loans are sold.
However, when a banker pretend debt script is being borrowed into existence to meet the demands of pure spending, with no connection to products in the market, bankers and co-conspirators must manipulate interest rates lower to prevent catastrophic rises in interest payments. The end result is rising interest payments that soon become unstable because any rise in interest rates will soon fully destroy the financial system's ability to make payments on all non fixed rate debt.
Gold and silver prices are being deliberately and criminally destroyed by bankers hoping to keep the financial system alive a little longer as the wealth of the economy is transferred to bankers in the form of interest payments. Keeping the financial system functioning while manipulating gold and silver prices (and other schemes, such as interest rate derivative attached to bond purchases) is a madmans scheme – soon to end with the full destruction of the bond market and dramatic collapse of dollar purchasing power.
During the “shutdown” of the government, done for political purposes including forcing Obamacare to be funded and to act as a distraction or excuse for a coming interest rate calamity, gold and silver prices have been forced lower and lower to keep interest rates stable.
Lowering prices of gold and silver is equivalent to boosting the value of the dollar and simultaneously strengthening face value of government debt. Rising dollar purchasing power is equivalent to an increase in interest rates, as bond holders receiving payments in dollars realize an increase in purchasing power. Rising or stable exchange values for the dollar keep money in dollars – rather than safe havens such as gold and silver. Destroying the price of gold and silver to maintain purchasing power of the dollar, moves money from investments in gold and silver to government debt, which rises in value relative to gold, and silver.
As can be seen from the chart above, gold prices were being forced down in May as the 10-year yield (interest rate) on Treasury notes began rising, signaling an on-coming debt-interest rate calamity and the collapse of the US Bond prices. Metal prices were frantically slammed to slow the rise in interest rates on approximately June 17, 2013.
Slamming the price of gold helped slow the rate of increase in the 10-year yield temporarily, preventing an interest rate crisis. Note again, after October 1st, interest rates stopped falling and started climbing, and, again, a gold smack down was engineered beginning in the second week.
The price of gold and silver are being pushed lower at great cost. In order to engineer the sell down, naked short selling and flash trading are being used, both of which are causing the depletion of physical gold and silver, as prices encourage foreigners and individual investors to continue buying gold and silver at significant discounts.
As the physical supply is being reduced and prices are falling below production costs of the metals, the physical supply will soon dwindle forcing rising prices, regardless of the paper traded value of gold and silver.
In the very near future, the physical shortage of gold and silver will lead to default in the commodities market exchanges (comex and other metals exchanges) creating a crisis in metals delivery and, for a short time, making gold and silver unavailable at any price.
At the same time when gold and silver prices rise exponentially and the metals exchanges default, bond prices will fall like a rock triggering financial system destroying interests rates.
The only protection bond holders and dollar holders have is to sell both before interest rates begin to rise. Since owning Federal Debt is the same as buying into a Ponzi scheme, only those that sell early will see any of their money returned.
Buying gold and, preferably, silver and other safe assets is the only hope to save your wealth. Time before collapse is not long – please hurry.
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Jack Mullen has been a businessman for more than 25 years, owning 3 radio stations, several technology based companies and a resource development company.
October 4th, 2013 by olddog
Dr. Bill H. Weld’s Intelligence Report
If you know how to read technical indicator charts, you will have noticed a dead cross developing on the dollar. There is huge resistance around current levels. The 200 day average is extremely bearish. The hedge funds know this and want out, the charts show us they are selling into strength. This also applies to the SP-500 and DOW all bearish indicators are being shown. The computer bots control the systems and the bots will drive the dollar down over the coming days.
The market is on the verge of an all out correction.
October crash is in the making. Left shoulder in place with the head now complete. You watch the Dow start to break down today and into next week. Out right short.
According to one calculation, the number of Americans on food stamps now exceeds the combined populations of “Alaska, Arkansas, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont, West Virginia, and Wyoming.”
If you started paying off just the new debt that the U.S. has accumulated during the Obama administration at the rate of one dollar per second, it would take more than 184,000 years to pay it off.
Back in 1985, our trade deficit with China was approximately 6 million dollars (million with a little “m”) for the entire year. In 2012, our trade deficit with China was 315 billion dollars. That was the largest trade deficit that one nation has had with another nation in the history of the world.
AMERICA IS BANKRUPT. IF AMERICA WAS A HUMAN WITH THIS MUCH BAD DEBT, IT WOULD HAVE BEEN MADE BANKRUPT YEARS AGO.
I REST MY CASE:
The following are 40 statistics about the fall of the U.S. economy that are almost too crazy to believe…
#1 Back in 1980, the U.S. national debt was less than one trillion dollars. Today, it is rapidly approaching 17 trillion dollars…
[CHART is AT THE LINK]
#2 During Obama’s first term, the federal government accumulated more debt than it did under the first 42 U.S presidents combined.
#3 The U.S. national debt is now more than 23 times larger than it was when Jimmy Carter became president.
#4 If you started paying off just the new debt that the U.S. has accumulated during the Obama administration at the rate of one dollar per second, it would take more than 184,000 years to pay it off.
#5 The federal government is stealing more than 100 million dollars from our children and our grandchildren every single hour of every single day.
#6 Back in 1970, the total amount of debt in the United States (government debt + business debt + consumer debt, etc.) was less than 2 trillion dollars. Today it is over 56 trillion dollars…
[CHART is at the link]
#7 According to the World Bank, U.S. GDP accounted for 31.8 percent of all global economic activity in 2001. That number dropped to 21.6 percent in 2011
.#8 The United States has fallen in the global economic competitiveness rankings compiled by the World Economic Forum for four years in a row.
#9 According to The Economist, the United States was the best place in the world to be born into back in 1988. Today, the United States is only tied for 16th place.
#10 Incredibly, more than 56,000 manufacturing facilities in the United States have been permanently shut down since 2001.
#11 There are less Americans working in manufacturing today than there was in 1950 even though the population of the country has more than doubled since then.
#12 According to the New York Times, there are now approximately 70,000 abandoned buildings in Detroit.
#13 When NAFTA was pushed through Congress in 1993, the United States had a trade surplus with Mexico of 1.6 billion dollars. By 2010, we had a trade deficit with Mexico of 61.6 billion dollars.
#14 Back in 1985, our trade deficit with China was approximately 6million dollars (million with a little “m”) for the entire year. In 2012, our trade deficit with China was 315 billion dollars. That was the largest trade deficit that one nation has had with another nation in the history of the world.
#15 Overall, the United States has run a trade deficit of more than 8 trillion dollars with the rest of the world since 1975.
#16 According to the Economic Policy Institute, the United States is losing half a million jobs to China every single year.
#17 Back in 1950, more than 80 percent of all men in the United States had jobs. Today, less than 65 percent of all men in the United States have jobs.
#18 At this point, an astounding 53 percent of all American workers make less than $30,000 a year.
#19 Small business is rapidly dying in America. At this point, only about 7 percent of all non-farm workers in the United States are self-employed. That is an all-time record low.
#20 Back in 1983, the bottom 95 percent of all income earners in the United States had 62 cents of debt for every dollar that they earned. By 2007, that figure had soared to $1.48.
#21 In the United States today, the wealthiest one percent of all Americans have a greater net worth than the bottom 90 percent combined.
#22 According to Forbes, the 400 wealthiest Americans have more wealth than the bottom 150 million Americans combined.
#23 The six heirs of Wal-Mart founder Sam Walton have as much wealth as the bottom one-third of all Americans combined.
#24 According to the U.S. Census Bureau, more than 146 million Americans are either “poor” or “low income”.
#25 According to the U.S. Census Bureau, 49 percent of all Americans live in a home that receives direct monetary benefits from the federal government. Back in 1983, less than a third of all Americans lived in a home that received direct monetary benefits from the federal government.
#26 Overall, the federal government runs nearly 80 different “means-tested welfare programs”, and at this point more than 100 million Americans are enrolled in at least one of them.
#27 Back in 1965, only one out of every 50 Americans was on Medicaid. Today, one out of every 6 Americans is on Medicaid, and things are about to get a whole lot worse. It is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.
#28 As I wrote recently, it is being projected that the number of Americans on Medicare will grow from 50.7 million in 2012 to 73.2 million in 2025.
#29 At this point, Medicare is facing unfunded liabilities of more than 38 trillion dollars over the next 75 years. That comes to approximately$328,404 for every single household in the United States.
#30 Right now, there are approximately 56 million Americans collecting Social Security benefits. By 2035, that number is projected to soar to an astounding 91 million.
#31 Overall, the Social Security system is facing a 134 trillion dollar shortfall over the next 75 years.
#32 Today, the number of Americans on Social Security Disability now exceeds the entire population of Greece, and the number of Americans on food stamps now exceeds the entire population of Spain.
#33 According to a report recently issued by the Pew Research Center, on average Americans over the age of 65 have 47 times as much wealth as Americans under the age of 35.
#34 U.S. families that have a head of household that is under the age of 30 have a poverty rate of 37 percent.
#35 As I mentioned recently, the homeownership rate in America is now at its lowest level in nearly 18 years.
#36 There are now 20.2 million Americans that spend more than half of their incomes on housing. That represents a 46 percent increase from 2001.
#37 45 percent of all children are living in poverty in Miami, more than 50 percent of all children are living in poverty in Cleveland, and about 60 percent of all children are living in poverty in Detroit.
#38 Today, more than a million public school students in the United States are homeless. This is the first time that has ever happened in our history.
#39 When Barack Obama first entered the White House, about 32 million Americans were on food stamps. Now, more than 47 million Americans are on food stamps.
#40 According to one calculation, the number of Americans on food stamps now exceeds the combined populations of “Alaska, Arkansas, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont, West Virginia, and Wyoming.”
September 28th, 2013 by olddog
By Mac Slavo
The assault on the U.S. Constitution and the Second Amendment continues.
This time big business is getting into the mix and they’re aiming for gun stores right at the source of their revenues – their transaction processing facilities.
According to Larry Hyatt, owner of the largest gun brokerage firm in the United States, Authorize.net, which is a wholly owned subsidiary of Visa USA and one of the world’s largest credit card processing gateways, has terminated their relationship with the firm.
After four years in business with the Visa owned Authorize.net, Larry Hyatt, owner of Hyatt Gun Shop, received an email indicating that the company would no longer provide its services due to “the sale of firearms or any similar product.”
The email reads:
Dear Hyatt Gun Shop Inc,
Authorize.Net LLC (“Authorize.Net”) has determined that the nature of your business constitutes a violation of Section 2.xiv of the Authorize.Net Acceptable Use Guidelines and Sections 3.3 and 11.3 of the Authorize.Net Service Agreement (the “Agreement”).
These sections include, but are not limited to, the sale of firearms or any similar product.
Accordingly, pursuant to Section 4 of the Acceptable Use Guidelines, your ability to access and use the Authorize.Net Services will be terminated on September 30, 2013.
Hyatt’s massive online store will be unable to process credit card transactions, giving the store only a few days to find a new processing company before Authorize.net terminates their business relationship.
“We’ve never seen anything like this,” Hyatt Marketing Director Justin Anderson told the Washington Examiner.
All of a sudden, after four years of doing business together, Authorize.net declares that Hyatt Gun Shop is in violation of their terms of agreement.
An odd coincidence to be sure, but not if you consider that many top executives at Visa have donated to President Obama’s election campaigns. With President Obama renewing his push for gun control in the wake of the Navy Yard shooting last week, and Americans ardently opposing any legislative action that would further restrict the ownership of firearms, it looks as if anti-gun politicians are now calling in favors with their connections in big business.
If you can’t outlaw the guns, then strike directly at the companies who manufacture them and sell them by cutting off their cash flow.
This is exactly what Authorize.net, which processes credit card transactions for millions of merchants around the world, has done to Hyatt.
Earlier this year, after a similar anti-gun push following the Sandy Hook elementary school tragedy, Bank of America took it upon themselves to forcibly seize funds from licensed firearms dealer and manufacturer American Spirit Arms.
The incidents with Hyatt Gun Shop and American Spirit Arms are certainly not isolated and will likely continue as government and business merge their agendas, especially as it pertains to our government sponsored banking system, which has a stranglehold over American businesses.
The Constitution remains a prominent roadblock for the anti-gun establishment, and despite efforts to ban semi-automatic rifles, tax ammunition, and restrict importation of magazines and gun parts, they are being countered at every turn by the tens of millions of Americans who believe in their personal right to bear arms.
Thus, government is now relying on their incestuous relationships with the many bailed out banks and businesses who are essentially under their control.
If you think this was an accident, you’re kidding yourself.
A coordinated effort is underway to make it difficult, if not impossible, to acquire self defense armaments that include guns, ammo, and accessories.
Get ‘em while you can. We saw what happened with the ammunition. Now it seems they are trying to lock-down our ability to do business with legitimate gun dealers.
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Author: Mac Slavo
Views: Read by 4,238 people
Date: September 27th, 2013
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From this point on, every American should cancel their visa card after notifying the company of why you are going to their competition.
September 22nd, 2013 by olddog
By Dave Hodges
Our Congress has an all-time low 9% approval rating, and Obama’s popularity is in the toilet. It has been 10 years since I declared war upon the central bankers. In that time, I have watched millions of our fellow countrymen show evidence that they are in various stages of waking up to the tyranny that is attacking every facet of our lives. The alternative media has done a marvelous job of reaching the masses despite being ridiculed and shut out of the mainstream. The alternative media is being so effective that Congress is attempting to declare us to “not be journalists” in a bill that is in Committee.
It is my considered opinion that we have awakened enough people who are collectively capable of making substantial fundamental differences. This begs the obvious question, then why don’t we see a massive revolution against the central bankers and their institutions of control? There is no simple answer that will explain all the fence-sitting we are witnessing in the country today. However, there is one social psychological factor which explains why the majority of the people who are awake to the present level of tyranny are not sufficiently motivated to act, and that factor is called bystander apathy.
The term bystander apathy (i.e. fence sitting) refers to the phenomenon in which the greater the number of people present, the less likely people are to help a person in distress. When an emergency situation occurs, observers are more likely to take action if there are few or no other witnesses.
The most frequently cited example of the bystander effect in introductory psychology textbooks is the brutal murder of a young woman named Catherine “Kitty” Genovese. On Friday, March 13, 1964, 28-year-old Genovese was returning home from work. While Genvovese approached her apartment entrance, she was attacked and repeatedly stabbed by a man later identified as Winston Moseley.
Despite Genovese’s repeated calls for help, none of the dozen people in the nearby apartmentbuilding who heard her cries called the police. The attack first began at 3:20 AM, but it was not until 3:50 AM that someone first contacted police. Genovese’s death was preventable and the failure of your neighbors to report the crime in progress brought the social psychology term, bystander apathy, into the national discussion about people’s unwillingness to act in an emergency situation.
There are two major factors that contribute to bystander apathy. First, the presence of other people creates a diffusion of responsibility. Because there are other observers, individuals do not feel as much pressure to take action, since the responsibility to take action is thought to be shared among all of those present. Generally speaking, the greater the number of people which are present in an emergency, the less likely people are to take action.
The second reason is the need to behave in correct and socially acceptable ways. When other observers fail to react, individuals often take this as a signal that a response is not needed or not appropriate. Other researchers have found that onlookers are less likely to intervene if the situation is ambiguous. In the case of Genovese, most of the 38 witnesses reported that they believed that they were witnessing a “lover’s quarrel,” and did not realize that the young woman was actually being murdered.
The Globalists Are Committing a Full Frontal Assault Upon Humanity
There has never been a time in the recorded history of our planet where such a large group of people have been under such a widespread and prolonged attack and have failed to fight back with a sense of collective unity. Let’s briefly review many of the major areas that the globalists have decided to attack humanity.
We are under attack from the skies and through the poisoning of our air through massive chemical sprayingcomplete with Alzheimer’s and dementia-causing aluminum sulfate and cancer causing barium. Fukushima radiation,Corexit spraying and the resulting toxic rain from the Gulf oil spill is running rampant over our country, and not one ounce of mainstream media coverage is afforded to these dangers. Prevention and remediation are nonexistent.
Our water is being systematically removed from the country by Nestle, and our water tables are being systematically compromised by environmental toxins. And of course many Americans are consuming water permeated with IQ-lowering rocket fuel (i.e., fluoride).
Our food is being poisoned through the rampant use of cancer-causing MSG products, and the unlabeled, unregulated and cancer-causing Monsanto GMOs.
Under the guise of fighting terrorism, Americans are now facing illegal detention, torture and murder. The Military Commissions Act, the National Defense Authorization Act and the John Warner Defense Authorization Act. are in play in which the average citizen is now labeled as a terrorist by Homeland Security as reported in their inspired documents, such as the MIAC Report. The MIAC report defines domestic terrorism as the mere act of criticizing our governmental leaders, supporting Ron Paul, being a Libertarian, being a member of the Constitution Party, being a Second Amendment supporter and demanding that our leaders follow the Constitution. By virtue of the fact that you have visited this web site, you could now be considered to be a domestic terrorist.
Our national sovereignty and manufacturing base has been destroyed through the free trade agreements of NAFTA and CAFTA which has resulted in totally open borders culminating in the overwhelming of our infrastructure, hospital emergency rooms and our educational institutions by the human onslaught which will be soon be at unprecedented levels which promise to bring 150 million additional immigrants to our country by 2040.
Obama’s administration has openly engaged in human smuggling as well as drug and gun trafficking to criminal cartels, in programs such as “Fast and Furious.” Bush and Obama have illegally entered America into the sovereignty-snatching SPP through the implementation of theNorth American Union.
Our property rights and water rights, as well as our right to farm in traditional ways, are being destroyed through the implementation of the pseudo-environmentalist doctrine known as Agenda 21, whose programs are being rapidly implemented at the local level. As a result, massive food shortages and outright famines are right around the corner.
America is being de-industrialized through the global warming scam and the accompanying illegal cap-and-trade schemes. Meanwhile, as the New York Times reports, Ugandan villages are being burned down and replaced with trees in the name of saving the planet through carbon offset programs. This insane application of carbon trading is now being enforced by American military boots on the ground in Uganda. Soon, you will see roving blackouts and the doubling of utility rates as Obama makes good on his campaign promise of “necessarily skyrocketing utility rates.”
In just over three months, Americans will soon be subjected to the death panels of Obamacare in which citizens over the age of 70 are officially referred to as “units” and are targeted for comfort care but not given life-saving measures. This is an undeniable, unmitigated and naked version of Eugenics cast in the same flavor as that practiced by Margaret Sanger.
In the meantime, our youth are under attack through mercury-laden vaccines which also contains the immune system destroying properties of the flu vaccine adjuvants of MF 59, Squalene and now we find that the active ingredient for Lyme disease is in the patent for the current flu vaccine. One in 58 boys are now autistic courtesy of the pollutants in the vaccines.
America is now witnessing the final stages of the installation of a police state surveillance grid through the creation and installation of video cameras and microphones in the Homeland Security fundedIntellistreet light poles. The National Security Agency listens to our every call, their computers read every email and fax, courtesy of systems such as Echelon. Americans are being encouraged, by Big Sis, to spy on one another as we purchase the Chinese slave labor products at Walmart.
Many fence sitters will soon see their places where they once perched their spineless bodies, disappear as American homes are being stolen through the use of fraudulent robo signers and illegal repossessions without the mortgage note in order that the six mega banks can double and triple their illegitimate profits off each home they are able to steal and resell again and again.
As a result of the illegal “bailouts,” we now know that the Federal Reserve (i.e., Goldman Sachs) is giving our money away to their private banking interests, (aka) their subsidiary holdings, in Europe. Additionally, more of our money has been stolen with the complicit participation of ex-Goldman Sachs federal government overseers like Gary Gensler who has failed to deliver even one indictment of his ex-Goldman Sachs partner, Jon Corzine, and his MF Global theft ring resulting for the “loss” of $3 billion dollars in private accounts. Jhn Corzine and his governmental partner in crime, Gary Gensler, have established the legal precedent of stealing from private American accounts. And the Seventh Circuit Court of Appeals made it legal for banks to steal depositors' money. The net effect of all this thievery is that YOU have no retirement. YOU have no social security. YOU have no bank account. Soon, everything YOU own will all belong to the banksters!
Our “public servants” in Congress (e.g., Nancy Pelosi), on 60 Minutes, admitted to routinely engage in stock market insider trading which they have made legal for themselves, but would send you to prison for doing the same.
The TSA incessantly conducts heinous acts against the American people, such as strip searching and injuring 85-year-old ladies, grabbing the genitals of our children and wives and largely engaging in acts which, if performed by you, would land you in jail for five years. Your body and your self-respect belong to the globalists and their minions. Which side of the fence are you fence sitters going to be sitting on when the TSA gropes the private parts of your daughters?
Even with all of these hideous events now hiding in plain sight, I have never called for a revolution against our increasingly illegitimate government, or, should I say against the banksters who have hijacked our Republic. However, I am advocating for non-compliant acts of civil disobedience. There are so many more heinous acts being committed against the American people that it is difficult to count all the ways that tyranny is being installed in America.
The supposed voice of the people, Congress, has taken up sides with those who would exterminate most of us and enslave the remainder of us with the new indefinite detention law, theNational Defense Authorization Act, which allows the government to secretly disappear anyone and assassinate anyone for virtually any reason. The NDAA has totally destroyed what was left of the Constitution because we now live in an America in which the government can declare peaceful dissent, public criticism, and the failure to comply to globalists’ trickledown tyranny as an act of terror in which YOU are subject to secret arrest, torture and even murder. Unfortunately, there are not many places to left to hide.
The dead spirits of Mao, Stalin and Hitler are coalescing in the halls of Congress and you are their newest target! If you are a doubter as to the validity of the claims written in this article, please click on the hypertext links and read for yourself. If only one of the allegations that I make here are true, then our Congress and our President are guilty of treason.
While in the Soviet Gulag, Alexsandr Isayevich Solzhenitsyn and his fellow victims, lamented that they did not mount a resistance when the Secret Police came and dragged people out of their homes and sent them to Siberia. We will soon be faced with the same choice. Those of you who are sitting on the fence when they come to drag the rest of us out of our homes and haul us off to a concentration camp, do you think the modern-day version of the brown shirts are just going to pass you by? And if you are still in denial as to the likelihood that this is going to happen then ask yourself why does the NSA want a record of every website you visit, every word you utter and every work that you type? They are compiling a threat matrix score for each and everyone; and history shows that life-and-death decisions come from such lists. We already see evidence of these types of lists as evidenced by the no-fly list. You cannot find out if you are on the list until the moment you are turned back at the gate of the airport.
Welcome to East Germany!
Our entire governmental leadership is a self-admitted criminal enterprise system as it lawless; it is devoid of empathy, compassion or has any remaining vestiges of the system of Constitutional fair play which was bequeathed to us by our Founding Fathers.
The 300 or so banksters who have hijacked our government are mentally ill. They are sociopathic serial killers. They (e.g., George Soros, Warren Buffet, David Rockefeller, etc.) destroy economies, foment violent revolutions and start wars which kill millions. In short, they are the modern-day version of the money changers that Jesus chased from the Temple.
To the police and the military that are going to be told to enforce this globalist, tyrannical takeover and subsequent subjugation of America, I ask all of you: Which side of history will you be on? Are you going to mindlessly obey the soon-to-be illegitimate orders emanating from these despots, or, are you going to uphold your sworn oath to protect and defend the Constitution from all enemies, both foreign and domestic? Do you really think that your military retirements and police pensions are going to be waiting for you when your tyrannical deeds are done? There are those who will serve the satanic globalist regime – and then there is everybody else. The fundamental question remains for all the fence sitters, is do you really believe that the globalists are going leave you and your family untouched? You have a choice on how you will respond to tyranny. Will you willingly march to your death, or will fight and possibly die with integrity?
Mr. Law Enforcement Official, are you going to acquiesce to your inherent tendency to get caught up in bystander apathy, or are you going to come down on the right side of history?
Can Bystander Apathy Be Successfully Mitigated?
Research shows that bystander apathy can be mitigated, in part, by group cohesiveness which can affect the helping behavior of a bystander. As defined by Rutkowski et al., cohesiveness refers to an established relationship (e.g. friends) between two or more people. There is a reason why the globalists like to use divide-and-conquer strategies as their media minions enjoy pitting white against black, citizens vs. non-citizens and the rich vs. poor. The resulting division lessens the collective group cohesiveness of America and that is the goal as we continue to be carved up like a Thanksgiving turkey. Look at the person next to you; that individual is your potential ally.
Helping behavior and group activism are more likely when there are similarities between the helper and the person being helped. Research has considered the role of similarity, and more specifically, shared group membership, in encouraging bystander intervention. In one experiment (2005), researchers found that bystanders were more likely to help an injured person if that person was wearing a football jersey of a team the bystander liked as opposed to a team the bystander did not like.
However, when their shared identity as football fans was made obvious to both parties, supporters of both teams were likely to be helped, significantly more so than a person wearing a plain shirt. As we bring this into the context of fighting the New World Order, if people of all races, ethnicity and religions would identify as being Americans as well as fellow human beings, we would collectively rush to the aid of our fellow victims. For example, if you were a victim of MF Global, and I see you as a fellow American and human being, I am more likely to join you and raising my voice in opposition to governmental tyranny which permitted the perpetrators of this crime to get away with it. And If my personal issue was the improper application of eminent domain laws against my property, you, in turn, would be more likely to help me if we were to identify with each other.
Scientists from the prestigious Rensselaer Polytechnic Institute have determined that if just 10% of any given population holds to an unshakable idea, the idea will become adopted by the majority of the country.
However, the scientists who belong to the Social Cognitive Networks Academic Research Center (SCNARC) found that if the ideas are shared by less than 10% of the population, the idea will not progress and will eventually die out. The SNARC scientists found that the 10% figure was applicable whether they were talking about the spread of innovations or to advance a political ideal.
We desperately need to redefine how we view our people in general if we are to become united and mount opposition to the tyranny that is presently besetting us. We are just not fellow inhabitants and random strangers in America – more importantly, we are fellow human beings who have a common and identifiable enemy.
I would rather unite with people whose belief systems and subsequent actions that I disagree with than I would want to live under the tyrannical rule of Goldman Sachs, the IMF, the Federal Reserve, the IMF and the World Bank for one more day!
The person next to you is your potential ally; it does not matter what their race or national origin consists of, we are all victims of these New World Order animals who are running our country. Once we begin to unite under the banner of humanity, then the next step is to get people to realize that the solutions to these problems reside within the spiritual realm, but that is another topic for another day.
Dave is an award winning psychology, statistics and research professor, a college basketball coach, a mental health counselor, a political activist and writer who has published dozens of editorials and articles in several publications such as Freedoms Phoenix, News With Views andThe Arizona Republic.
The Common Sense Show features a wide variety of important topics that range from the loss of constitutional liberties, to the subsequent implementation of a police state under world governance, to exploring the limits of human potential. The primary purpose of The Common Sense Show is to provide Americans with the tools necessary to reclaim both our individual and national sovereignty.
September 21st, 2013 by olddog
MUST READ AT http://anationbeguiled.wordpress.com Too Big To Fail Is Now Bigger Than Ever Before
By Dave Hodges
Goldman Sachs is the epitome of the word “evil.” If one wants to know what the evil central bankers are up to, one only needs to pay attention to the actions of Goldman Sachs. The power elite residing inside of this country does not begin and end with the Federal Reserve; that privilege is reserved for the interrelationship between Goldman Sachs, the Federal Reserve, the corrupt World Bank and the IMF.
And now Goldman Sachs is running the European financial system into the ground as another Goldman Sachs boy, “Super” Mario Monti, has taken over Italy to finish off what is left of the Italian financial system. Monti is also the head of the European Trilateral Commission as well as a Bilderberg member.
And yet another Goldman Sachs boy is finishing off the job in Greece. It is the mission of Goldman Sachs to implode the global economy with massive debt arising from the failed derivatives market, in which the debt totals 16 times the total GDP of the planet and that debt has been passed on to the governments of the world. There is no way that any country will ever pay off this debt. The world’s financial system will be collapsed and then reorganized under the Bank for International Settlements. Goldman Sachs is merely the grim reaper in this unholy process.
The Goals of Goldman Sachs
The purpose of this article is to expose the three pronged attack, directed at the American people, by Goldman Sachs, and its partners at the Federal Reserve, the US Treasury Department, the IMF and the World Bank.
These central banker controlled institutions are engaged in a plot which is designed to accomplish the following:
1 The destruction of America’s domestic economy through the introduction of derivative debt which is 16 times greater than the world’s GDP. This goal has been accomplished as evidenced by the fact that America now has more workers on welfare (101 million) as opposed to actual full-time workers (97 million).
2 Setting the chessboard in such a way that WWIII is a foregone conclusion. This is near completion as the US and Israel are poised to go to war with China and Russia, over Syria and Iran, in order to preserve the Petrodollar.
3 Initiating a false flag event which will culminate in martial law and the elimination to all opposition to both the coming WWIII and the imposition of a tyrannical world government as well as a one world economic system.
It is no secret that Goldman Sachs runs Wall Street. After the first bailout, Goldman Sachs cut the head off of Shearson Lehman and several other Wall Street competitors when they used their undue influence to determine winners and losers after the first round of TARP. Even Ray Charles could see that Goldman Sachs is in near complete control of our government as evidenced by the former Goldman Sachs gangsters who have run our economy into the ground (e.g., Clinton’s Secretary of Treasury Goldman Sachs’ Rubin, Bush’s Secretary of Treasury Goldman Sachs’ “too big to fail” Hank Paulson, etc.). Make no mistake about it, the introduction of the massive derivatives debt was a power consolidation move designed to collapse the economy and hand over essential control to Goldman Sachs and its partners.
History Repeats Itself
Today’s events parallel the imperialists of the early 20th century which resulted in World War I. The Wall Street-led depression of the 1930s led to the rise of political extremism and ultimately to World War II. Today, Goldman Sachs and their fellow Wall Street cronies are currently running, or dare I say ruining the global economy. The consequences are going to result in the culmination of World War III from which these same gangster banksters will profit from the buildup, the death and destruction of billions of innocent people as well as profiting from the lucrative clean up which follows every war.
The ultimate prize for the coming war will be the ruination of the planet in order that the power structure of the earth can be reinvented in a manner that not even George Orwell could have imagined. Remember, as the globalists like to say in reference to their favorite Hegelian Dialectic quote, “Out of chaos comes order.” Of course, it won’t be Goldman Sachs’ money that pays for the destruction of humanity in the coming world war. This coming war and its subsequent blood money will be your money and my money. It goes without saying that it won’t be the executives of Goldman Sachs' children who are pressed into military service and will be eventually sacrificed on the battlefields of WWIII. It will be your children and my children who will be sacrificed in the name of furthering the bottom line of the Goldman Sachs Mafia and their masters at the Bank for International Settlements. Meanwhile, the Goldman Sachs children who will be safely tucked away as the world’s final chapter plays out as we know it.
Goldman Sachs Destroying the American Middle Class
This swath of international destruction being promulgated by Goldman Sachs is also being visited upon the daily lives of the American public here at home. Courtesy of the Goldman Sachs gangsters, there are no more safe financial havens for American citizens. Your bank account, your pension fund, your investment accounts and your home mortgages are no longer safe. These collective funds are not in jeopardy because of the risk of falling victim to the failing economy as much as these funds are subject to confiscation by Goldman Sachs and its shell corporations along with the complicit support of the federal government. Most of these public officials are former Goldman Sachs employees. A clear case in point lies in what happened with MF Global.
MF Global, a shell corporation beholden to Goldman Sachs, was led to the slaughter by the former Goldman Sachs executive and former New Jersey Governor and senator, Jon Corzine. Corzine’s criminal actions directly victimized 150,000 Americans by stealing an estimated $900 million dollars of his clients’ money from their supposedly secure private accounts. There is also another $600 million missing dollars from MF Global which is still unaccounted for today. Meanwhile, Corzine avoids sharing a prison cell with Bernie Madoff by purchasing a “get-out-of-jail free card” through the sponsorship of a $35,000 per plate fundraiser for that great Wall Street puppet, Barack Hussein Obama.
And what are the government watch dogs doing to protect our money from this new generation of robber barons? The short answer is that key federal officials are actually partners with Goldman Sachs in this monumental violation of the public trust. Take Gary Gensler, a former Goldman Sachs executive partner, who like so many other Goldman Sachs gangsters, has been placed into a key governmental oversight position in order to protect the Goldman Sachs co-conspirators from prosecution as they continue their reign of terror upon the global economy.
Gary “the gangster” Gensler is the former Undersecretary of the Treasury (1999-2001) andAssistant Secretary of the Treasury (1997-1999) and the current director of the Commodity Futures Trading Commission. In his position at the time of the MF Global debacle, Gensler had the authority to go after Corzine for his role in the MF Global theft of customer funds and order restitution. However, Gensler has decided to protect a fellow member of the Goldman Sachs Mafia by not looking into the massive fraud and theft by Corzine and his cronies. Your tax dollars, paying the salary of federal officials, are overseeing the most massive illegal private transfer of wealth in the history of the planet. And this debt is payable to Goldman Sachs and their criminal enterprise partners.
You may not be one of the current 150,000 Goldman Sachs/MF Global victims. However, this Robin Hood-in-reverse-scenario, in which the rich are plundering what’s left of the middle class, will soon be visited upon your bank account, your home mortgages and your pensions. Whether it is the MERS mortgage fraud or the theft being perpetrated upon Federal employee retirement accounts, these criminal banksters are in the process of stealing it all and what are you going to do about it? Our nation of entrenched sheep will do nothing. The American citizens are going to lay down and take their beating in the face of the largest unfolding criminal syndicate in human history.
While you and the rest of America are trying to collectively remove your “deer in the headlight” glaze, you, as an American, have far more serious issues to concern yourself with and you are not going to have to wait long to have your worst fears to be borne out.
Something Wicked This Way Comes
Some, who have heard my expressed sense of outrage, have asked me if I favor a violent overthrow the United States Government. To that question, I answer in the negative. However, show me a way to be involved in the overthrow of the gangsters who have hijacked my country’s government, and I will be the first in line. However, before that day arrives, we have some very formidable obstacles to face with regard to what is looming just around the corner.
Goldman Sachs Is the Financial Kingpin of False Flag Attacks
If one wants to predict the next false flag attack, one merely has to watch the actions and the money movements of Goldman Sachs.
In the days leading up to the attacks on 9/11, Goldman Sachs “shorted” the sale of airline stocks which plummeted in the aftermath of the attacks. Just a coincidence you say?
In the days leading up to the housing bubble, Goldman Sachs shorted housing stocks which ignited the bubble. The Federal government fined Goldman Sachs, but in typical fashion nobody went to jail. Just another coincidence you say?
As I documented in my seven-part series, The Great Gulf Coast Holocaust, Goldman Sachs executed a “put option” for preferred insiders invested in Transocean stock, thus protecting the profits of these preferred insiders on the morning of the explosion. Transocean was the owner of the ill-fated oil rig. Goldman Sachs also sold the lion’s share of its stock less than two weeks before that fateful day on April 20, 2010. Nalco was the subsidiary of Goldman Sachs and BP at the time of the explosion. Who is Nalco? Nalco was the exclusive manufacturer of the deadly oil dispersant, Corexit. Corexit has done more to wreck the ecology of the Gulf as well as the health of the Gulf Coast residents than the oil spill itself. Again, this is all documented in my seven-part series. By the way, I count another three coincidences in this paragraph alone and if you are keeping score, we are looking at a total of five amazing coincidences. But wait, there is more!
The moral of this story is clear: if there is to be a significant false flag event, the financial actions of Goldman Sachs will prove to be the key. And Goldman Sachs’ actions have signaled yet another oncoming false flag. As I reported in April, Goldman Sachs instructed its brokers to sell short on gold stocks. And then after the bulk of the gold market panicked and the price of gold plummeted in a massive sell off, the Goldman Sachs boys did it again. The Goldman Sachs brokers began to purchase gold in massive amounts, for its elite clients, at a greatly depressed price. By the way, Goldman Sachs employed the EXACT same strategy with regard to the Gulf Oil tragedy. When Goldman Sachs sold off BP stock in the days before the explosion, they purchased massive amounts of BP stock at a greatly reduced price in June of 2010. The coincidence meter is now up to seven.
Why Goldman Sachs Cornered the Gold Market
The global elite would only want massive amounts of gold because something bad is about to happen to the dollar. When the dollar collapses, the elite, courtesy of the Goldman Sachs brokers will be sitting in a great position in which they hold the only sustainable medium of exchange following the collapse. But when will the collapse come? What form will it take?
As I reported, less than two weeks ago, the Bank for International Settlements ordered the central banks, including the Federal Reserve, to greatly decrease loans as a protection to the coming bad financial times. So, now we are getting warned and the narrowing down of where this is leading, is getting easier to predict.
It is important to remember that Goldman Sachs and the rest of the international banking community desperately want to wage war in Syria and eventually Iran over the demise of the Petrodollar caused by Iran in which they are selling oil for gold to India, China and Russia. There is also big money to be made by the banks in an upcoming global conflict. More importantly, and just as the world witnessed in the aftermath of WWII, consolidation of power can be achieved following a major war. Additionally, Goldman Sachs and the rest of the international bankers are not about to let China and Russia thumb their noses at the prevailing economic system. Gold will not be allowed to be used as a medium of exchange for nation states, because a nation on the gold standard, is a nation that controls its debt levels and financial security. This is unacceptable to the central bankers who kill national leaders, such as Gadaffi and Saddam Hussein, for daring to break from the plan and achieve financial independence.
What the globalists also need is a game-changing event which will destroy all opposition to the coming war. And the financial intentions of Goldman Sachs clearly speaks to the fact that a false flag attack is imminent which will implicate Syria and Iran and provide the pretext for the US and Israel to attack.
The Nature of the Coming False Flag Attack
The coming false flag attack which will plunge America into martial law, for our own protection of course, will result in WWIII. The false flag event could take two forms. It was reported two weeks ago, that the US was missing a nuclear weapon from a military base in Texas. This prompted Senator Lindsay Graham to state that the harbor in Charleston, SC. would be nuked if the US did not attack Syria. This is the first scenario.
The other scenario, and the far more likely one, has the power grid going down on November 13th. The Grid Ex II drill being conducted by DHS, FEMA, 150 corporations and the 50 governors, will simulate a power grid take down by terrorists on that same date. How many times have we witnessed a drill which turns into a false flag attack? This happened with 9/11, the 7/7 bombings and the Boston Marathon. There is a good chance it is going to happen here.
In this scenario, once the grid is taken down, a banking collapse can be instituted and most will not notice because by the third day of a blackout, total chaos will ensue and nobody will be paying attention to the banks. Martial law will be imposed and Syria and Iran will be blamed.
The CEO of Goldman Sachs, Lloyd Blankfein, is on the record stating that an economic collapse is imminent. Need I say more?
Regardless of the form that an upcoming false flag event will follow, Goldman Sachs has tipped their false flag hand. A false flag event is coming and it is a safe bet that it will culminate in martial law. This would certainly explain DHS’ collecting of 2.6 billion rounds of ammunition and 2700 armored personnel carriers. There is also going to be a resulting third world war. The globalists know humanity is waking up. They are running out time and they are desperate. This could all be over in a few months. Do you not feel the collective sense of dreaded anticipation that has overtaken the country? At the unconscious level, we all know what is coming.
The November power grid drill is worth watching and I predict in the upcoming weeks, there will be many articles written about how to survive the coming events. I would advise all to pay attention, but most of all, I would advise people to get their spiritual affairs in order. We come into the world with nothing and all we leave with is the sum total of our spiritual experiences. It is time to attend to that detail in the present time
Dave is an award winning psychology, statistics and research professor, a college basketball coach, a mental health counselor, a political activist and writer who has published dozens of editorials and articles in several publications such as Freedoms Phoenix, News With Views andThe Arizona Republic.
The Common Sense Show features a wide variety of important topics that range from the loss of constitutional liberties, to the subsequent implementation of a police state under world governance, to exploring the limits of human potential. The primary purpose of The Common Sense Show is to provide Americans with the tools necessary to reclaim both our individual and national sovereignty.
HERE IS A BONUS VIDEO So you want to know what happened to America?
September 20th, 2013 by olddog
By Dave Hodges
There is a conspiracy being perpetrated against the American people with regard to the true nature of America’s financial situation. To most people, America appears to be on her last economic legs and the future looks hopeless. On the other hand, America has never been wealthier. However, the wealth has been horded and hidden from the American people.
This article exposes why the central bankers and the corporate controlled media are attempting to make it appear as America is dead broke with no hope of recovery. The central bankers, through the government, have indeed hijacked and are hording and hiding substantial assets as they are planning to take the surface economy down as early as this fall/winter. The globalist strategy consists of convincing the people, in advance of the collapse, that there is no hope of economic recovery. Under this scenario, the perpetrators of the collapse will meet with less direct resistance, both in the collapse phase and in the recovery phase in which we will all witness the establishment of a world government and a one world economic system.
Which side is correct? Are we broke or do we have substantial hidden assets? Both sides are correct. The visible economy, which is obvious to all (e.g. the health of the fiat currency, the unemployment rate, national GDP relative to the planet’s GDP), clearly indicates that a collapse is imminent. However, there is also substantial wealth that is being horded on behalf of the banks and corporations by their governmental partners, which could make a significant difference in the health of our economy. The wealth is substantial and has successfully been hidden from most Americans
The Case for a Looming Economic Collapse
The undoing of the America currency has been a century in the making. In 1913, the most evil organization on the earth was created by an unconscionable act of Congress with the creation of the Federal Reserve. The United States national debt is more than 5000 times larger than it was when the Federal Reserve was first created, and this fact has served to turn nearly all of us into debt slaves with each of us vulnerable to the manipulation of the global elite.
The bankers who helped to create the Federal Reserve intended to permanently enslave the U.S. government to a perpetually expanding spiral of debt, and their plan has worked and their final victory is nearly at hand.
Boston University economist Laurence Kotlikoff, stated that the U.S. government is facing a “present value difference between projected future spending and revenue” of 222 trillion dollars in the years ahead. Where are we going to come up with 222 trillion dollars? The short answer is that we won’t under the existing set of economic rules that we are forced to live under.
In 2001, the United States represented 31.8 percent of the world’s economic activity. By the end of 2011, that share had dropped to 21.6% in 2011, which means that America’s portion of the world’s economy is 32% smaller than it was a decade ago and it is declining more with each passing day. With economic indicators such as these, there is no way to climb out of the economic hole we have entered courtesy of the globalist inspired free-trade agreements (i.e. NAFTA, CAFTA and now the MEFTA, AFTA and the TPP). With these kinds of economic indicators, more Americans will be competing for a smaller number of jobs which are significantly declining in pay.
Over one hundred million unemployed Americans are no longer even looking for work. The next time you go into the Department of Motor Vehicles, please realize that you are subsidizing a drivers license for about a third of the people in that building. You are also paying for their health care, food stamps and shelter. And many of these lower class, poverty-stricken “Americans” are living a higher standard of living than you are and this is by design courtesy of Chairman Obama.
It Does Not Pay to Go to Work
Wayne Emmerich found that the family breadwinner who works only one week a month at minimum wage makes 92% as much as the breadwinner grossing $60,000 a year. Emmerich’s stats demonstrate that by working only one week a month one can save a lot of money in child care expense. But topping the list is Medicaid, which is accessible to minimum wage earners and the program has very low deductibles and co-pays. In short, by working only one week a month at a minimum wage job, a minimum wage earner is able to get total medical coverage for next to nothing courtesy of you and me.
The middle class is not as lucky as the $60,000 breadwinner pays out approximately $12,000 per year in health insurance costs with an addition $4,500 in co-pays. And if anyone in the part-time minimum wage earning family is disabled, SSI pays out an additional $8,088 per year. When one begins to calculate the expenses incurred by a typical breadwinner making $60,000 per year, compared to the part time minimum wage worker, coupled with minimum wage earners tax supported federal bailouts for these freeloaders, the poor have more discretionary income than those who pay the taxes that run the country. And if the part time minimum wage worker is willing to cheat and participate in the underground economy, they will have significantly more discretionary income than their hard-working $60,000 per year counterpart who actually works for a living. In short, if you are a full-time employee making above minimum wage, you are paying for your own economic demise. The numbers here suggest that we’d be better off staying home and living off of the labors of what’s left of the middle class and of course this would help to collapse the economy.
Unbearable Taxes Are Leading to Record Expatriation Rates
Overwhelmingly, the number one reason that Americans are fleeing the country is because of high taxes. The income tax rate rose this year to 39.6% from 35% for individuals earning more than $400,000 a year and married couples earning more than $450,000. As of this year, 77% of Americans will pay higher federal tax rates because the cuts in Social Security payroll taxes expired when Congress passed its tax package on New Year’s Day. The Tax Policy Center estimates that those who earn more than $1 million would pay an average of $170,341 more in taxes. The tax burden is adding crushing weight to a beleaguered upper and middle class America.
Hiding and Hording Massive Assets That Could Rescue the Country’s Economy
Americans are lamenting the fact that our budget deficit is now over $17 trillion dollars. Our national debt and deficit is a drop in the bucket compared to the assets that our government controls. However, far beneath the ground, the federal government owns the rights to mineral and energy leases, from which they receive royalties, rents, and bonus payment, states the Institute for Energy Research, an industry group. According to their estimates, government states that the assets are worth $128 trillion. That’s almost eight times the national debt. This is a hard asset which could be collateralized and matched against the deficit.
“These resources could be leased to third parties and could subsequently earn the state and national government huge royalties, rents, and bonus payments that it is estimated could total almost $150 billion over 10 years, just for the oil and gas leases alone.” Then why isn’t this being done? Simple, ask yourself who would lose money if these idle assets were to brought to fruition? The oil companies would lose money, that’s who! The same oil companies that block oil drilling on the North Shore of Alaska. The same oil companies who preserve the existing relationship with Middle Eastern nations, which someday, will pull us into a devastating world war with Syria and Iran.
Further, the unleashing of these assets would reduce the costs of energy for consumers and businesses. Now, the owners of the utilities, the same people who are the owners of the oil companies, could not permit that. The utilities have invested billions toward the installation of smart meters and a new infrastructure smart grid, in which they control all energy pricing.
Another factor that comes into play on why these assets are not being unleashed is because plentiful, reliable and cheap energy supplies would greatly accelerate economic growth and jump start the economy out of the doldrums. But when the globalists’ goal is the creation of a one world economic system, based upon keeping nations in debt, controlled by a tyrannical one world government, the old government and economy must be brought down and this economic boon to the economy cannot be allowed to transpire. Therefore, the government acts as a procurement agent for the globalists, who will eventually unleash these assets to themselves, after the collapse of the dollar.
CAFR’S the Source of Untold Wealth
For over a decade, accountant Walter Burien, has been trying to raise public consciousness over what he says is a massive conspiracy, totaling trillions of dollars. The conspiracy, Burien says, is one in which governments at all levels have hidden away funds in a practice commonly called CAFR’s. Burien’s numbers may be questioned, but there can be no doubt that significant hidden funds clearly exist. The existence of CAFR’s are evidenced by the existence of the Comprehensive Annual Financial Reports (CAFRs). CAFR’s are a required aspect of every government agency accounting practices. Therefore, the existence of this underground slush fund is a matter of public record.
The subject of CAFR’s first came to light when Colonel Gerald Klatt alerted Burien to their existence. Coincidentally, Klatt died under very mysterious circumstances, in 2004, which lent credence to the claim that there was a conspiracy to cover up the scope and true nature of CAFR’s. Just what is a CAFR and how does it explain how the American are being lied to about how much money truly exists within the control of the government?
To help you understand the nature and process of CAFR’s, let’s pretend that you were to have a checking account with $100 and a savings account with $1,000 in two different banks. Let’s further imagine that you only reported to the IRS, that you only had $100 dollars as your net worth because you don’t want to use your savings account to pay bills (i.e. taxpayer obligations). Subsequently, you’d be audited and put in a federal prison for failure to report the larger amount. However, the government grants itself permission to play by its own rules and to make up the CAFR rules as they go along. The government, as described in the above example, simply designates that it has two accounts (i.e. the $100 account and the $1,000 (CAFR) savings account). However, the larger CAFR account is designated as “non-governmental” or “non-taxpayer” income and this allows the government to hide all of this wealth from the people as reported in the government’s Budget Report. In this economic scenario, only the smaller account is the one that gets declared. And the reason that governments continue to engage in this shady practice, is that they want to be able to justify the taking of a greater portion of your income through increased taxation. I call this highway robbery. As an aside, have you noticed that many counties are building monumental justice centers which defy description of where the funds came from given the present state of economic affairs. These centers are being built with CAFR’s which are monetized in a variety of ways.
The subject of CAFR’s is something that has come into my life with an explosion. In Maricopa County (greater Phoenix area), former county attorney, Andrew Thomas, was disbarred eighteen months ago. A three-member panel found that former County Attorney Andrew Thomas violated the professional rules of conduct for lawyers in bringing criminal charges against two county officials and a judge in December 2009. What gets lost in the media reporting of Thomas sudden departure from office and his disbarment is why Thomas was prosecuting two county officials, County Supervisors Dan Stapely and Mary Rose Wilcox as well as Superior Court Judge Gary Donahoe. Thomas initiated the investigation with allegations of financial wrong doing on the part of the three individuals. The second phase of his investigation was to attack the use of off the books funds (i.e. CAFR’s).Thomas was gone from office before phase two of his legal action could be commenced and Arpaio was neutralized.
A few years ago, Maricopa County just completed the building of an expensive justice center worth more than 500 million dollars. Where did the money come from as it has repeatedly been reported in the Phoenix media that the County is broke? Who benefitted? Thomas found evidence of money being kept off of the books and was attempting to expose it and the forces of the establishment had him expelled from office and disbarred within months of the first accusations. Simultaneously, Sheriff Joe Arpaio was complicit in the ill-fated Thomas investigation by carrying out the investigation and participating in the arrests of the three officials. Shortly thereafter, Arpaio was the source of a massive Eric Holder led justice probe into his department’s alleged racial profiling of illegal immigrants in Maricopa County. Arpaio brilliantly retaliated with an investigation into the authenticity of Obama’s long form birth certificate. Obama was declared, by Arpaio, to be ineligible to appear on Arizona’s ballot for President in 2012. Then the controversy went dark and the back and forth between the Feds and Arpaio disappeared from the front page of the newspapers. Obama eventually appeared on the ballot and Arpaio received a mere slap on the wrist from the Department of Justice. Can anyone say “a deal was struck?” Apraio survived because he had leverage against Obama and Andrew Thomas did not and subsequently, Thomas’ license to practice law was revoked by a three judge panel, which operated in the spirit of the worst of any kind of Kangaroo court.
If the Thomas case had been fully exposed to the media, the subject of CAFR’s would have been irrevocably exposed. The obfuscation of public funds issue appeared to be dead. However, I had an inside source come forward and his name is Doug Rhoads. Doug is a former Maricopa County prosecutor. He approached me in early June of 2013 after reading a multipart series that I had published on my website regarding the privatization of for profit prisons and the fact that many states were promising private corporations a 90% prison occupancy rate, thus driving up zealousness of criminal prosecutions aimed at keeping the prisons full and profits high.
Doug Rhoads informed me that everyone of these criminal cases were being monetized as a traded commodity on the market and that the earned money went off of the books. Doug subsequently appeared on my talk show for two hours and exposed the fact that this was indeed taking place and we also discussed the Andrew Thomas affair. Since the airing of this interview with Rhoads, I have been personally threatened on two occasions that if I continued to report on prison privatization and the Rhoads revelations of hidden public assets, there would be “grave consequences.” Also, since the Rhoads interview, I have been contacted by several people, each with a different angle on this situation. However, all of them are afraid for their careers and their lives if their whistle-blowing were to ever be exposed.
The issue and existence of CAFR’s is being zealously guarded. The release of CAFR’s, alone, could erase our national debt and return financial affluence to America. For example, California Governor Brown, claims that the California’s state budget deficit of $16 billion requires austerity actions. However the state’s CAFR funds revealed $600 billion in undeclared assets. When all the CAFR surplus accounts are totaled, Californians have been overtaxed by $8 trillion dollars in a sampled study. This is being done at every level of government, two sets of books and two sets of figures. You do not have to be living in California and Arizona to be the victim of this deception, it is in every state. This makes the national debt appear to be meaningless.
And whatever happened to Col. Klatt, the man who first revealed the existence of the CAFR’s? He suffered a worse fate than Andrew Thomas, he was likely murdered as Klatt served for a long time as an Air Force auditor and federal accountant, and it’s likely that he got too close to some military CAFR’s being used for “off the books” operations and he died under very mysterious circumstances. Google “Walter Burien” and be prepared to get really upset about how much money is being withheld by government in this unholy accounting practice.
What Does It All Mean?
Through CAFR’s, the government is clearly hording money. Where does the money go? Nobody can be certain except that it makes the lion’s share of money collected eligible to be used as off the books spending.
This is where the plot thickens and things get very interesting. If the economy is collapsed due to the well-publicized debt listed in the first part of this article, it is not known what would happen to the CAFR’s, the underground mineral resources, etc. Since these assets are technically off the books and under the control of local governments and many of their corporate NGO’s, they would presumably be unaffected in an economic collapse scenario. And wouldn’t that be the goal of banking interests who would want to collapse the economy in that they would want to procure as many hard assets as possible before the collapse. Since government at all levels has repeatedly proven itself to be agents of the megabanks and the corporations, these institutions would survive an economic collapse with a great deal of hard assets.
I have concluded that the powers that be are hording hard assets as a means to maintain power following the economic reorganization which would follow a collapse. Further, this theory is further bolstered by the fact that Federal Reserve continues to buy $40 billion of mortgage backed securities every month and MERS is continuing their theft of home mortgages at record rates. This scenario looks like the globalists are following a massive wealth transfer scenario and the pace of this wealth transfer is accelerating. What is the rush? Could it be that what I wrote about two weeks ago is indeed coming into play?
The GRID EX II drill in which the power grid is being “taken down in a simulation,” is something that cannot be easily dismissed as the next false flag event. However, this is eerily similar to what happened in 9/11 and the 7/7 bombings as well as the Boston Marathon bombing in which a drill culminated in a false flag attack. If the grid is taken down, and as I have stated before, a false flag within a false flag can be executed and the banks can be collapsed and the country will barely notice. Who would notice the missing digits in their bank accounts when the grid is down and the people are starving by the third day following the blackout? Meanwhile, government as well as their banking and corporate partners would hold most of the hard assets in the country following an economic collapse and would stand to be in a position of extreme power when the smoke eventually clears.
In this scenario, the largest remaining asset that the banks would not totally control would be the privately owned homes and businesses. But after a collapse, how would people pay their mortgage? The short answer is that they could not. And who would the deeds revert to? They would revert to the banks.
Although I think this scenario is likely, this is only a theory regarding the tie in with GRID EX II, hidden wealth and collusion to collapse the economy in order to transfer wealth and to consolidate holdings. However, what is not a theory is the fact that our hidden assets outnumbers the sum total of our debt as a nation and the debt and the deficit could be paid off overnight should the people wake up and force the government to release the true wealth of the country.
September 20th, 2013 by olddog
By Ron Holland
This may directly impact how you invest or rebalance your portfolio, view or engage in politics, and how you will attempt to secure your wealth in the future.
I believe this will dramatically impact the dollar, gold and bonds. In addition, it may well create the biggest bull market in decades for several equity sectors while the rest of the market stagnates and withers away into oblivion.
If you have followed The Daily Bell, you know our past track record on foreign affairs, finance and geopolitical and economic trends has been outstanding. Topics ranging from the usual Wall Street and Federal Reserve antics to oil, pipelines, the Middle East and the EU have been covered. In addition, many current events and foreign policy actions have been reviewed and explained from The Daily Bell's free-market perspective.
You also know that The Daily Bell abruptly ceased publication without notice or warning on July 16, 2013 (see Anthony Wile's "Hasta La Vista").
After analyzing the information coming in, our chief editor, Anthony Wile, quickly organized a conference that's coming up right away and I think it's a terrific opportunity to get an early scoop on these changes and how we can each prosper because of them. For instance:
You'll learn the specifics of why the Daily Bell, one of the leading free-market political and economic news sites in the world, suddenly shut down, uncertain as to how to address this new information.
- You'll learn how the proprietary trend and sector analysis model utilized by The Daily Bell to follow elite promotions in economics, politics and finance suddenly turned on a dime indicating the possibility of a Major Elite Promotion happening soon! If the model is right, this will likely turn the US markets upside down and, depending on your portfolio, make you very wealthy or very poor during the next four years.
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September 5th, 2013 by olddog
By: Jim Willie CB, GoldenJackass.com
Syria is about the last gasp for the Petro-Dollar, the emergence of energy pipeline geopolitics, the rise of the NatGas Coop, the new dominance of Russian Gazprom, the eclipse of OPEC, the fall of the house of Saud, and a grand adjustment process in global commerce and banking. Refer to trade settlement outside the USDollar and diversification away from USTreasury Bond reserves management. It took some time to realize it, but the Cyprus bank incident was a misdirected attack against Gazprom. It failed. The entire Arab Spring movement, an ambitious disruptive project waged with foolhardy ambitions, has turned on itself. Egypt fell, its US puppet discharged. The entire North African region will be in flames soon. The USGovt interfered with a grand industrialization project for European industry, to be placed on North Africa intended to take advantage of cheaper labor, available minerals, nearby resources, and easy shipping. The resentment of Europe will show up in the future. The Middle East and Persian Gulf region is shifting its salute to Russia & China, as the noisy sectarian battles have been a common fixture since long ago. Bahrain has erupted. Saudi is clamping down and converting into an Islamic police state to create the Iran-Saudi repressive bobsey twins. Chaos is the longstanding objective of the USGovt in foreign policy infection, no change in decades.
Syria is about a lot of things, most of which are volatile, many unsolvable. To be sure, the naval port of Tartus is valuable for the Russian Military, always eager to wrest a seaport. Like Lebanon, Syria is a hotbed stronghold for HezBollah, never to be taken lightly. They are mortal enemies to Israel, whose nations have exchanged covert violence for years. Syria might have tight relations with the Shiites of Iran, even some in Iraq. However, Syria represents the crossroads of many important shifting geopolitical roadways that pertain to the global financial structure and commercial systems. Syria is the tipping point for a Grand Global Paradigm Shift. It is the last stand for the Anglo Banker world. Syria will not go easily into the Russian camp, into the Gazprom fold, into the European energy market sphere. For if it does, the entire USDollar system of commerce and the USTreasury Bond system of reserves management will fall by the wayside and open a new era with Eastern dominance. But the Western powers cannot stop it. Clouds of whatever type do not halt pipeline flow, nor pipeline geopolitics.
WHAT SYRIA MEANS
Syria stands at the door to the emergence of the Eastern Alliance, the new dominant energy pipelines, a new payment system detached from the USDollar and Anglo banks. Syria stands at the door which controls some incremental European energy supply. Syria stands at the door to Gold Trade Settlement, with a transition step that brings more importance to commodity backed currencies and proper valid systems for trade. Syria means the pipelines strangle the USDollar. Syria means the end of the US system of IOU coupons that pollute the global banking system. Syria means the status quo is coming to an abrupt end. Syria represents a clash of East versus West, which has more commercial and bank significance than anything reported by the lapdog press. Notice the direct line from Iran through Iraq to Syria. The natgas of Iran reaches the Mediterranean Sea through Syria.
RISE OF PIPELINE POLITICS
Syria is the end port for what the Jackass calls the Shiite Gas Pipeline. It begins in Iran and ends at the Mediterranean seaport in Syria. It was designed to terminate at a Shiite friendly nation. Thus my informal name. Ironically, Qatar is fighting against the Syrian Assad loyalists, but the Qatari natural gas will be directed into the same pipeline. In the last year, a giant Persian Gulf gas discovery was made in a joint Iran-Qatar project. Syria is about the last gasp for the Petro-Dollar. It represents a climax in Energy Pipeline Politics. Quietly for the last 15 to 20 years, Russia has been building crude oil pipelines and natural gas pipelines from the Mother Russian lands to points in Europe and China and the Former Soviet Republics. They have been constructing modern LNG gas port facilities. They have been forging contracts to supply energy to countless nations. The US-led plans have been more interference than constructive. They have consistently attempted to obstruct, rather than to build with some justification of common benefit.
The US news networks cannot tell why or how Syria is important relative to the USDollar. Most Americans cannot define money, let alone conceive of a Petro-Dollar defacto standard. They do not comprehend the global banking system having practices as an extension of Saudi crude oil sales in USDollars. They remember nothing of the Kissinger Arab Oil Surplus Recycle Pact into USTreasury Bonds and US big bank stocks. The focus should be on Pipelines and the closely related geopolitics. The focus should be on the eclipse of OPEC. The focus should be on the loss of Western Europe to the Russian fold, where natural gas supply will alter decisions. Notice the UK Parliament did not offer military support for the USGovt in Syria. They might have received a phone call from either Putin at the Kremlin or the CEO of Gazprom. Coming to a world near you is the NatGas Coop led by Gazprom. A regular feature in geopolitical decisions will be the integration of natgas supply to Europe and Great Britain.
ECLIPSE OF OPEC
Clearly heading out is OPEC and its influence. The dirty secret for ten years has been the depletion and decline in Saudi oil reserves. The water cut has surpassed 80% on a regular basis at Saudi oilfields. It is the percentage of water in produced "oil" wells. The interior pressures are dissipated. The Saudis are suffering from lost oil surplus, rising government debt, higher domestic energy costs, higher food costs, internal strife, fascist islamic rule, rising political prisoner population, and geriatrics at the throne. It sure would be good to know how King Abdullah returned from a coma after a few months, where his organs were declared defunct. Maybe like Saddam Hussein, he has some handy doubles. The OPEC nations in the last several years have become a loud disorganized gaggle of devious dealers who discount prices and lie on output on a regular basis. The cartel has no unity anymore. Their honorable Saudi core is disintegrating. The Saudi OPEC core is precisely the foundation to the Petro-Dollar and the justification for global banking systems being based in USTreasury Bonds. Coming online is the NatGas Coop. Coming online is gold trade settlement. Coming online is the BRICS Bank. Coming into prominent view is Gazprom, the leader of the NatGas Coop. It has some powerful strange bedfellows who deal in one currency, natural gas.
CYPRUS INDIRECT ATTACK
The news networks told of Cyprus being the site of bank crisis, account confiscations, the bail-in procedures creating a Western model, and resolutions. It took a while to realize, but the Jackass back in the March Hat Trick Letter noted the Gazprom angle and potential motive. The Jackass mapped out a Prima Facie case for motive on the Cyprus bank attack. It was a challenge to Gazprom and the Russian banking system, more than a Bail-in Model. It was an attempt to cut off the Russian encroachment into Europe with their Gazprom weapon, the most disruptive economic weapon seen in decades.
Cyprus used to serve as the primary window for the entire Russian banking system, and the central bank too. All bank transactions from Russia went through Cyprus. The conclusion could be that the Bail-in procedure is a suicide pact for the West. It is a declaration that if accounting rules are to be enforced, and capital requirements enforced, then the big Western banks would slit their throats and force the vanish of private bank accounts. Ditto if the legal prosecution of big bank were to begin in earnest. They cannot pull that switch unless major banks are all dead gone, from grotesque contagion. Since Lehman failed, all the big Western banks are lashed together, much like sailors at sea on deck during a nasty storm. If one goes, all go. The banker elite needed to disguise their attack of Gazprom in Cyprus. They wanted to interrupt the progress made by Russia in Pipeline Politics. The public bought the false story, again, like they always do. They do not think beyond the first visible layer.
FAILED USGOVT POLICY
The USGovt lost on disruptions to Iran internet and undersea communication lines between 2004 and 2007. To be sure, the planned Iranian island center for trade processing never occurred, a success of sorts. The USGovt lost on Iranian sanctions. The rise of Turkey, India, and Chinese deals with unique payment systems have come to the table. Even the Japanese and South Koreans refused to play along. The entire workaround process served as a training ground for gold trade settlement. It will have a certain blossom, with the full weight of the BRICS nations behind the current initiatives. The US lost on Iran-Pakistan Pipeline, since China stepped forward, guaranteed funding for its completion, and even worked to extend the connected pipelines to the Western border of China for supply. The USGovt lost with its puppet named Mohammed Morsi, who was ousted in Egypt. The unspoken cause was food price inflation, not political discord as reported by the US news network minions. The USGovt won the Qaddafi's gold (144 tons) but with a grand backfire on the Libyan Embassy controversy. The Pentagon does not appreciate the sacrifice of Navy SEALS to deceit and hidden motives. The biggest failure by the USGovt could be the monetary policy at work by the US Federal Reserve. The QE bond purchase program has produced massive broad price inflation globally, in addition to rising energy costs, rising material costs, and rising related follow-on costs. It is difficult to find any USGovt or USFed policy of value, other than to serve the bank syndicate.
The key to the future is seen on the margin of new power. It is the Natural Gas Coop. To date, it has no name. Curiously, its power might lie in the fact that it has no name, no central nexus. It is a de-centralized cooperative. But more accurately, it has a Russian core, a brain trust at Gazprom. It has a certain Kremlin command center, since a newfound strategic weapon. It is their greatest global weapon in decades. The strange bedfellows consist of Russia (home HQ of Gazprom), Turkmenistan (#2 natgas global producer), Iran (giant renegade producer), Qatar (biggest LNG star), and Israel (from Tamar Platform). The presence of Sunni Qatar from the Persian Gulf and US Fascist Ally Israel make for the odd mix. In June, the Israel Govt signed a deal with Russian Gazprom. It called for directing all surplus natgas output from Tamar to the Gazprom pipeline system, and the European market. The Israeli Economy will greatly benefit from the surplus revenue.
Game over for OPEC and a guaranteed demise of the Petro-Dollar. Simply stated, Saudi Arabia is to OPEC, what Russia is to NatGas Coop. The phase out of OPEC is in progress, without much recognition. The emergence of the NatGas Coop is to be better understood in the near future. A tremendously important shift is taking place in energy geopolitics. The consequences will be rapid diversification out of the USTreasury Bond, colossal Indirect Exchange in asset deals, and broad abandonment (aka dumping). In the process, almost no buyers of USGovt debt will be visible, and the USFed will be leaned upon more fully for bond purchases. The Weimar machinery will strain to the limit. The USGovt debt default will occur, as the event has become more visible, a 2008 Hat Trick Letter forecast.
DEMISE OF PETRO-DOLLAR
Not 5% of Americans comprehend the defacto Petro-Dollar standard. They will when the Saudis must step aside and permit OPEC to be eclipsed by the NatGas Coop with its expansive global network of pipelines. The great USDollar devaluation will occur when the Petro-Dollar falls by the wayside. The result will be profound price inflation in the US Economy. The fall of the Saudi regime is guaranteed eventually, and likely soon. The Saudis cannot play both sides (US & Russia) successfully. They will fail with both partners. The NatGas Pipelines are critical, as they wield enormous economic leverage and power. Together, the NatGas Coop phases out OPEC and assures the end of the USDollar as it is currently known and structured. Watch the Saudis soon indicate that non-USDollar payments are accepted for crude oil sales, like accepting GBPounds, Euros, Japanese Yen, even Swiss Francs. Watch the Saudis closely for various signals of impending doom, death signals. As energy sales move gradually, then rapidly, away from the USD settlement, the world will go through a transformation. The banking system will change in their foundations, one nation at a time, with diversification away from USTBonds. It is Game Over!!
Syria is the last line of defense for the USDollar and the exalted position of OPEC. Syria is the potential recognized debut of the NatGas Coop in significance. It is all hidden, except to the Hat Trick Letter. In the new era emerging, Gold will prevail as the Gold Trade Standard is put in place. It will not be done with a stake in the ground from the banking system of the FOREX currency trading arenas. Therefore it is so dangerous to the status quo. My full expectation is that the USGovt will back off in Syria. The retreat will not be seen as a magnanimous gesture, but rather more like a bully backing down. Revelations will be very damaging on chemical weapons and the roles played. Roots to Saddam Hussein will be reviewed. Iran already has tens of thousands killed by chemical weapons over 20 years ago in a war waged with Iraq, with a hand from the Bushes. The United States leadership is in for some cold water in the face. The United States is due for some extreme isolation. The NatGas Coop will change the global map. It will open the door to the Eurasian Trade Zone for commerce, and open the door to the Gold Trade Settlement for finance. Some quantum leaps are in store and soon. Gold will emerge with a new Gold Trade Standard, whose price will shock most observers. Think multiples higher. Syria is a seminal event for gold.
August 28th, 2013 by olddog
By Marilyn MacGruder Barnewall
In the United States House of Representatives, the “Jubilee Act for Responsible Lending” (otherwise known as H.R. 2634) was passed on April 24, 2008. The heading of that Act explains the concept behind what it covers:
“H. R. 2634 IN THE SENATE OF THE UNITED STATES
April 24, 2008
Received; read twice and referred to the Committee on Foreign Relations
To provide for greater responsibility in lending and expanded cancellation of debts owed to the United States and the international financial institutions by low-income countries, and for other purposes.
SECTION 1. SHORT TITLE.
This Act may be cited as the `Jubilee Act for Responsible Lending and Expanded Debt Cancellation of 2008′.”
In other words, the United States wants to cancel the debts owed to it by international financial institutions in low-income countries. This is a little like a man who stands on the street starving while offering to buy the rest of the world dinner – using a credit card, of course.
You can read the rest of the Jubilee Act H.R. 2634 HERE.
It doesn’t take a lot of mathematical skill to figure this out. The dollar, or more accurately stated the Federal Reserve Note, has depreciated to the point where its value (being generous) is about 6 or 7 cents when compared to the 100 cents it was worth when the Federal Reserve Act was passed on December 23, 1913 and the unlawfully established Federal Reserve System took over the reins of America’s monetary management.
The 100-year contract established with this privately-owned corporation known as “The Federal Reserve” will come to an end on December 23, 2013.On its 100th anniversary, the Federal Reserve System leaves the American people about 17 trillion dollars in debt – times five in long-term debt. As of 2012, the Gross Domestic Product of the United States was close to $16.5 trillion. Comparatively, Spain’s Gross Domestic Product for 2012 was about $1.3 trillion. Spain’s debt was $2.3 trillion. Spain has a 167 debt-to-GDP ratio. The United States has a 106 percent debt-to-GDP; Italy’s debt at $2.5 trillion is 108 percent debt-to-GDP. The European Union was at 85 percent at year-end 2012.
When you take all of the above and input it into my brain, it comes out this way: For every dollar we print to repay our debt, we go 46 cents more in debt than we were before we printed the currency (or sold the bond or keyed a number into a computer) to reduce our debt. In other words, as things stand at this moment in time it is impossible for America to repay her debt. You can find the statistical data for debt-to-GDP HERE. And this is just the tip of the iceberg as it relates to actual US debt. Or, look at it this way. One trillion seconds is almost 32,000 years. So to pay off the debt, if Congress put a hundred dollar bill per second into an account to pay the debt, it would take well over 4,000 years to get the job done.
There is much history regarding the concept of what is called odious debt. Americans need to pay attention to what it is and learn to use the concept to tell the US Treasury and Federal Reserve System where to go look for the trillions of dollars they say the American people owe in government debt. According to the Doctrine of Odious Debt, we the people owe about 25 percent of what the Federal Government and the Federal Reserve System tell us we owe.
The concept of odious – or immoral – debt is not a bee I got in my bonnet one day and decided to dream a little dream of reduced debt, fewer taxes, more jobs, and a return to the Rule of Law. This is a serious matter and is one with which the nations of France, Russia, Germany and the United States are very familiar because it has been used by those nations and others.
After the Civil War, it was found that the Confederate States incurred great debt in its attempt to secede from the Union. The North won that war. It would have been immoral for the taxpayers of the United States (North and South) to be forced to pay the debts of the Confederacy which had seceded from the Union during the time the debt was incurred. The 14th Amendment of the United States Constitution repudiated those debts.
The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any state shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.
Section 4 of Amendment 14 raises some very interesting questions regarding “insurrection” or “rebellion” as, it can be argued, Citizens of this nation had an economic war declared against them by too big to jail banksters when the protections of the Glass Steagall Act and the McFadden Act were, with careless disregard for the outcome, over-ridden. For close to ten years, Washington’s political machine has used debt to enslave the American populace… what else can you call debt that is so huge it is not repayable? The only thing that stands behind the value of the US Federal Reserve Note – American currency, regardless of what you call it – is the blood, sweat and tears of the American people. If you don’t pay your taxes, you go to jail. According to the 14thAmendment, public debt must be authorized by law. From where does our Rule of Law in America flow? The Constitution!
We do not honor debts resulting from dishonorable purposes. We did not honor the debts of the Confederacy. After the Spanish-American War ended in 1898, the US turned to the Doctrine of Odious Debt when it rejected Cuba’s debts to Spain. We said the debts “…were imposed upon the people of Cuba without their consent and by force of arms.”
The peace negotiators argued that much of the debt was used to crush the efforts of the Cuban people to revolt against the domination of the Spanish. The money was spent in a way that was contrary to the interests of the Cuban people. To ask them to pay for debts incurred to help continue keeping them in a perpetual state of slavery would be immoral… it was odious debt – or, unlawful debt. To command the people of any nation to keep their shoulders to the rock of debt and keep pushing it uphill under threat of imprisonment if they do not is… slavery. Does that mean that any funds spent by the NSA for PRISM to spy on the American people are odious – immoral? How about the funds spent by the IRS in an effort to crush the efforts of some of the American people from revolting against unconstitutional domination?
According to an excellent research article written by Patricia Adams, executive director of Probe International and author of “Odious Debts: Loose Lending, Corruption, and the Third World’s Environmental Legacy” (London: Earthscan, 1991), the legal Doctrine of Odious Debts was shaped and honed by Alexander Nahum Sack about 25 years after the settlement of the Spanish-American War. If you are interested in a more in-depth overview, you can find Ms. Adams’ article reprinted at the LUDWIG VON MISES INSTITUTE SITE. She said:
“After the Russian Revolution of 1917, the Bolsheviks repudiated Russia’s debts indiscriminately. Sack, a professor of law in Paris and former minister in the Tsarist government, authored two major works on the obligations of successor systems and defined in law which debts are legitimate and which illegitimate. With colonial territories becoming independent nation states and colonies changing hands, with monarchies being replaced by republics and military rule by civilians, with constantly changing borders throughout Europe, and with the ascendant new ideologies of socialism, communism, and fascism overthrowing old orders, Sack’s debt theories dealt with the practical problems created by such transformations of state. Like many others,
Sack believed that liability for public debts should remain intact, for these debts represent obligations of the state–the state being the territory, rather than a specific governmental structure. This he based not on some strict dictate of natural justice but on the exigencies of international commerce. Without strong rules, he believed, chaos would reign in relations between nations and international trade and finance would break down. But Sack believed that debts not created in the interests of “the state” should not be bound to this general rule. Some debts, he said, were “dettes odieuses.” If a despotic power incurs a debt not for the needs or in the interest of the State, but to strengthen its despotic regime, to repress the population that fights against it, etc., this debt is Odious for the population of all the State,”
As I understand what is said in this well researched article, “…if a government becomes despotic and incurs debt not for the needs or in the interest of the State but to strengthen its despotic regime, to repress the population that fights against it, ”it sounds to me like all of the quantitative easing from TARP to TALF to the multi-trillion dollar loans made by the Federal Reserve System to Wall Street investment banks and international banks (as well as corporations — $16 trillion alone in 2011), can be considered “odious debt” and stricken from the books – and the backs – of the American (and French, and German, and British, and Greek, and Italian, and Spanish) people.
Since 2002, Argentina has fought the International Monetary Fund’s (IMF’s) attempts to impose restrictive measures of economic austerity on the country. The IMF wanted to do what the IMF is known worldwide for doing: It wanted to finance infrastructure, pay for research… you know the routine: Make a country borrow and spend money building roads and airports and bridges and other “shovel ready projects.” Such strategies force any nation deeper and deeper and deeper in debt until
it is in economic ruin. Sound familiar?
On the other hand, it is equally true that Argentina seems to lack character as a state when it comes to repaying its loans. They seem to believe that banks in other nations should lend them money but they can choose not to repay – and other nations and banks should keep lending them money. They have not yet figured out that the credit process is a two-way street: “I lend you money; you repay the money.”
Aside from nations that view the Doctrine of Odious Debt as a means to get out of debt every ten years, this concept may lend itself to an exit strategy for sovereign nations of the world to escape the crushing debt being heaped on the heads of people worldwide. The idea does hold some thoughtful possibilities. Iceland thought so – and its crooked bankers and its crooked politicians sit in Icelandic prisons rather than getting multi-million dollar bonuses annually… and Iceland thrives. Too bad the Greeks and Spanish haven’t followed in their footsteps.
What the Doctrine of Odious Debt makes quite clear is that a lie has been forced upon the majority of the world’s population by oligarchic elites. They like the concept of a two-class system with them as the elitists, running things, while the rest of us who used to be middle class are shoved into the labor class forced into careers they, not we, decide are best for us.
Undoubtedly, one reason Julian Assange sits in the Ecuadorian Embassy in London is because he gave copies of documented conversations between elitist bankers and others about how to cripple the economies of South America. The conversations Assange theoretically gave the South American governments focused on how to take South America’s energy resources, prevent economic recovery, and force the governments of the continent to pursue a neo-colonialist policy “so Spain, Italy and Germany can, with British capital, benefit from the difficulties sure to follow when the recommended policies are followed. ”Anyone who has read Confessions of an Economic Hit Man will recognize the parallels.
And, without intending to, Ecuador has exposed a great weakness in the world financial systems.
On December 16, 2008, Ecuadorian President Rafael Correa didn’t make a scheduled interest payment on private bonds. Ecuador had defaulted in 1998 when going through a financial crisis. This time, however, was different. Correa told the world that his small nation was not going to pay “obviously immoral and illegitimate debts.”
Ecuador’s gross domestic product (GDP) is close to 50 billion euros and its “immoral debt” is about 11 billion euros. It’s a small country. But that isn’t the point. The “immoral debt” point made by Rafael Correa, was announced on television on December 12, 2008.He said immoral and illegitimate debts were those debts that violated the Ecuadorian Constitution and oppressed his people.
The question, then, becomes: What debts are “odious” or “immoral,” and which are not? What is an illegitimate debt? President Correa related the Ecuadorian “immoral debt” to violations of that nation’s Constitution. If the Tea Party and Liberty Action Groups have any understanding of the significance of what is being said here, they will find access to constitutional legal and accounting expertise that can answer the question: What debts are odious or immoral? Which debts are not?
In America, we can look at mortgage-backed derivatives and millions of unlawful foreclosures and costing the people trillions of dollars to immediately identify trillions of dollars of property value and profits by banks that can be defined no way other than immoral. Well, perhaps unlawful, too. These debts and the government funds loaned to the banksters that created them and who got bailed out by additional funds from taxes on American citizens can probably make the best claim of “immoral” or “odious” debt of any citizens in the world.
What else might represent “immoral debt?”
If, as Ecuadorian President Rafael Correa says, “illegitimate debts violate the Ecuadorian Constitution and oppressed his people,” every other country that is drowning in immoral debt can make the same logical and lawful claim. If debt is defined as anything unconstitutional, a claim can be made that the entire Federal Reserve System is “unconstitutional.”
Article One, Section 8 of the United States Constitution says “The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defense and general Welfare of the United States;” Section 8 also says Congress has the responsibility “To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;”.
There is a lawful way to change the Constitution of the United States. It involves both the House of Representatives and the Senate. Each must approve by a two-thirds supermajority vote a joint resolution amending the Constitution. The joint resolution does not require the signature of the President but is sent directly to the states for ratification. Once ratified via a vote by the People, the Constitution is lawfully amended. That is the process put in place by our Founding Fathers.
As anyone who is familiar with the history of the Federal Reserve Act of 1913 knows, this procedure was not followed. Instead, politicians who supported the concept of a central bank (which America had only briefly on two occasions until 1913) let their opponents go home for Christmas on December 23rd and proceeded to pass this Act unconstitutionally. The Congress cannot, under its own limited power, change the Constitution of the United States. The Federal Reserve Act of 1913 and the banking system that evolved from it have never been constitutional.
Foreign nations should be aware: You may be doing business with an unlawful Corporation if you’re doing business within the Federal Reserve System. The Federal Reserve System continues to be in violation of the US Constitution and not qualified to create debt in the name of the people of the United States of America… the debt of the Fed being thus “immoral” or “odious.
”That means it may be debt we, the citizens of this Great Nation, can write off.
Even by-passing the unlawful – which means “odious” and/or “immoral” – debt created by the Federal Reserve System, there is much debt from equally unconstitutional sources. For example, only the Congress has the constitutional (moral) authority to declare war. Could that mean that any debt from non-declared wars represents “immoral debt? ”It’s certainly a good argument!
Ecuador’s President Rafael Correa says immoral and illegitimate debts violated the Constitution of his country and oppressed his people. He refused to pay them. If that is the standard by which we define “immoral debt,” it is of critical importance. It presents to the American people – to the people of the world – a strategy for getting rid of a lot of debt… immoral debt. “Oh, Immoral Debt, How do I define thee? Let me count the ways…”
It sounds like what we Americans needs is a good, old fashioned South American style refusal to repay “immoral debt.” If you really look closely at the debt incurred since 1988, a vast majority of it could easily be defined as unconstitutional and, thus, immoral – or, if you prefer, “odious.”
I love irony… especially when it bites someone in the butt who really deserves it.