Categories » ‘Banking Fraud’
March 28th, 2015 by olddog
Though the price of gold has seen a significant drop over the last two years from its all-time highs of about $1900 per ounce, many experts and analysts believe that Western central banks and their colleagues at major financial institutions have been manipulating the price.
The rampant manipulation is believed to stem, in part, from the formerly Rothschild-owned London Gold Fix, an organization made up of five large banks that make a daily determination of what the price of gold should be.
It is this unilateral control by Western banks that recently prompted the Chinese to create their own Shanghai Gold Exchange. What separates the two is that the Chinese will be using their currency, the Yuan, as the reserve rather than the U.S. Dollar. Moreover, unlike their European counterparts, the Chinese will be trading in actual physical dollars.
The Daily Coin explains:
The product is gold. When gold is bought or sold [on the Shanghai Gold Exchange] a person actually takes delivery of the gold.
That is not the case in London. In London the price is based two factors: 1) the “futures” market in New York. This is where people buy a contract for future gold. Gold that may or may not exist today but they are willing to purchase today and take “delivery” in the future. 2) The other factor is a very small group of banksters sitting around and determining what the price should be. You know, good-ole-boys club.
It is this process by central banks in the West that will ultimately lead to the destruction of the paper gold market as it exists today.
The banks operating in these paper markets do so with gold that they don’t own. They trade in paper receipts. The reason that’s a problem is that there are anywhere from thirty to fifty “owners” for every ounce of gold out there.
Craig Hemke of the TF Metals Report discusses the Western gold scheme in a recent interview withThe Daily Coin and says that when the music finally stops there are going to be a lot of people who think they own a certain amount of gold but all they’ll really be holding is a worthless paper ticket:
There’s a lot of central bank gold…and even privately held gold… that has been leased through these bullion banks. These bullion, they say ‘we’ll pay you one percent because your gold is just sitting there collecting dust but we’ll pay you interest if you lease it to us.’
And then they go and they dump it, they move it physically in the market in the hopes that they’ll be able to, when that lease comes due, they’ll get the gold back and then repay it back to whoever loaned it to them in the first place. And they try to match all those up.
And the hole that they’re digging just keeps getting deeper and deeper.
There was news last week that now after about a year and a half after Venezuela repatriated their 80 or 90 tons of gold that now Goldman Sachs and Credit Suisse are down there trying to talk them into leasing it back out. Boy, they’d be crazy if they did.
That’s all part of the process.
‘Hey, give us that and we promise we’ll give it back to you a year or two from now, no problem at all… we can manage this’
You know, the first rule when you’re in a hole is to stop digging. Right? That’s not what they’re doing. They’re digging away frantically trying to maintain the status quo.
I firmly believe there are multiple… thirty maybe fifty beneficial owners for each ounce of gold that’s out there… Thirty or fifty folks that think they own that ounce and they’re all going to show up when the music stops thinking that they’re going to take delivery or lay claim to that ounce.
And that’s when the madness really starts.
When will that be? Probably not tomorrow. But as any confidence scheme eventually unravels, and this one will unravel too. It’s just a matter of time.
The problem is easy to see. Should just two people show up claiming the same ounce of gold one of them is coming home empty handed. What Craig Hemke describes is a scenario where as many as fifty different people are going to claim ownership for the same ounce of gold. The same is likely true for the silver market.
And now that the Chinese are dealing directly with physical gold it is only a matter of time before the entire scheme collapses. In fact, the Chinese and Russians know it’s coming and that’s why they’ve been furiously purchasing gold on the open market.
The solution should be obvious: If you invest in gold make sure you hold the physical asset in your hand.
March 19th, 2015 by olddog
By Brandon Smith
In the previous installments of this series, we discussed the hidden and often unspoken crisis brewing within the employment market, as well as in personal debt. The primary consequence being a collapse in overall consumer demand, something which we are at this very moment witnessing in the macro-picture of the fiscal situation around the world. Lack of real production and lack of sustainable employment options result in a lack of savings, an over-dependency on debt and welfare, the destruction of grass-roots entrepreneurship, a conflated and disingenuous representation of gross domestic product, and ultimately an economic system devoid of structural integrity — a hollow shell of a system, vulnerable to even the slightest shocks.
This lack of structural integrity and stability is hidden from the general public quite deliberately by way of central bank money creation that enables government debt spending, which is counted toward GDP despite the fact that it is NOT true production (debt creation is a negation of true production and historically results in a degradation of the overall economy as well as monetary buying power, rather than progress). Government debt spending also disguises the real state of poverty within a system through welfare and entitlements. The U.S. poverty level is at record highs, hitting previous records set 50 years ago during Lyndon Johnson’s administration. The record-breaking rise in poverty has also occurred despite 50 years of the so called “war on poverty,” a shift toward American socialism that was a continuation of the policies launched by Franklin D. Roosevelt’s ‘New Deal’.
The shift toward a welfare state is the exact reason why, despite record poverty and a 23 percent true unemployment rate (as discussed here), we do not yet see the kind of soup lines and rampant indigence witnessed during the Great Depression. Today, EBT cards and other welfare programs hide modern soup lines in plain sight. It should be noted that the record 20 percent of U.S. households now on food stamps are still technically contributing to GDP. That’s because government statistics make no distinction between normal grocery consumption and consumption created artificially through debt-generated welfare.
This third installment of our economic series will be the most difficult. We will examine the issue of government debt, including how true debt is disguised from the public and how this debt is a warning of a coming implosion in our overall structure. National debt is perhaps one of the most manipulated fields of economics, and the layers surrounding what our country truly owes to foreign creditors and central banks are many. I believe this confusing array of disinformation is designed to discourage average Americans from pursuing the facts. Here are the facts all the same, for those who have the patience…
First, it is important to debunk the mainstream lies surrounding what constitutes national debt.
“Official” national debt as of 2015 is currently reported at more than $18 trillion. That means that under Barack Obama and with the aid of the private Federal Reserve, U.S. debt has nearly doubled since 2008 — quite an accomplishment in only seven years’ time. But this is not the whole picture.
Official GDP numbers published for mainstream consumption do NOT include annual liabilities generated by programs such as Social Security and Medicare. These liabilities are veiled through the efforts of the Congressional Budget Office (CBO), which reports on what it calls “debts” rather than on the true fiscal gap. Through the efforts of economists like Laurence Kotlikoff of Boston University, Alan J. Auerbach and Jagadeesh Gokhale, understanding of the fiscal gap (the difference between our government’s projected financial obligations and the present value of all projected future tax and other receipts) is slowly growing within more mainstream circles.
The debt created through the fiscal gap increases, for example, because of the Social Security program – since government taxes the population for Social Security but uses that tax money to fund other programs or to pay off other outstanding debts. In other words, the government collects “taxes” with the promise of paying them back in the future through Social Security, but it spends that money instead of saving it for the use it was supposedly intended.
The costs of such unfunded liabilities within programs like Social Security and Medicare accumulate as the government continues to kick the can down the road instead of changing policy to cover costs. This accumulation is reflected in the Alternative Financial Scenario analysis, which the CBO used to publish every year but for some reason stopped publishing in 2013. Here is a presentation on the AFS by the St. Louis branch of the Federal Reserve. Take note that the crowd laughs at the prospect of the government continuing to “can kick” economic policy changes in order to avoid handling current debt obligations, yet that is exactly what has happened over the past several years.
Using the AFS report, Kotlikoff and other more honest economists estimate real U.S. national debt to stand at about $205 trillion.
When the exposure of these numbers began to take hold in the mainstream, media pundits and establishment propagandists set in motion a campaign to spin public perception, claiming that the vast majority of this debt was actually “projected debt” to be paid over the course of 70 years or more and, thus, not important in terms of today’s debt concerns. While some estimates of national debt include future projections of unfunded liabilities in certain sectors this far ahead, the spin masters’ fundamental argument is in fact a disingenuous redirection of the facts.
According to the calculations of economists like Chris Cox and Bill Archer, unfunded liabilities are adding about $8 trillion in total debt annually. That is $8 trillion dollars per year not accounted for in official national debt stats. For the year ending Dec. 31, 2011, the annual accrued expense of Medicare and Social Security was $7 trillion of this amount.
Kotlikoff’s analysis shows that this annual hidden debt accumulation has resulted in a current total of $205 trillion. This amount is not the unfunded liabilities added up in all future years. This is the present value of the unfunded liabilities, discounted to today.
How is the U.S. currently covering such massive obligations on top of the already counted existing budget costs? It’s not.
Taxes collected yearly in the range of $3.7 trillion are nowhere near enough to cover the amount, and no amount of future taxes would make a dent either. This is why the Grace Commission, established during the Ronald Reagan presidency, found that not a single penny of your taxes collected by the Internal Revenue Service is going toward the funding of actual government programs. In fact, all new taxes are being used to pay off the ever increasing interest on current debts.
For those who argue that an increase in taxation is the cure, more than 102 million people are unemployed within the U.S. today. According to the Bureau of Labor Statistics and the Current Population Survey (CPS), 148 million are employed; about 20% of these are considered part-time workers (about 30 million people). Around 16 million full time workers are employed by state and local government (meaning they are a drain on the system whether they know it or not). Only 43 percent of all U.S. households are considered “middle class,” the section of the public where most taxes are derived. In the best-case scenario, we have about 120 million people paying a majority of taxes toward U.S. debt obligations, while nearly as many are adding to those debt obligations through welfare programs or have the potential to add to those obligations in the near future if they do not find work due to the high unemployment rate that no one at the BLS wants to acknowledge.
Looking at reality, one finds a swiftly shrinking middle class paying for an ever larger welfare class. Do the math, and an honest person will admit that no matter how much taxes increase, they will still never make up for the lack of adequate taxpayers.
Another dishonest argument given to dismiss concerns of national debt is the lie that Domestic Net Worth in the U.S. far outweighs our debts owed, and this somehow negates the issue. Domestic Net Worth is calculated using Gross Domestic Assets, public and private. It’s interesting, however, that Domestic Net Worth counts ‘Debt Capital’ as an asset, just as GDP counts debt creation as production. Debt Capital is the “capital” businesses and governments raise by taking out loans. This capital (debt) is then counted as an asset toward Domestic Net Worth.
Yes, that’s right, private and national debts are “assets.” And mainstream economists argue that these debts (errr… assets) offset our existing debts. This is the unicorn, Neverland, Care Bear magic of establishment economics, folks. It’s truly a magnificent thing to behold.
Ironically, debt capital, like the official national debt, does not include unfunded liabilities. If it did, mainstream talking heads could claim an even vaster supply of “assets” (debts) that offset our liabilities.
This situation is clearly unsustainable. The only people who seem to argue that it is sustainable are disinformation agents with something to gain (government favors and pay) and government cronies with something to lose (public trust and their positions of petty authority).
With overall Treasury investments static for some foreign central banks and dwindling in others, the only other options are to print indefinitely and at ever greater levels, or to default. For decades, the Federal Reserve has been printing in order to keep the game afloat, and the American public has little to no idea how much fiat and debt the private institution has conjured in the process. Certainly, the amount of debt we see just in annual unfunded liabilities helps to explain why the dollar has lost 97 percent of its purchasing power since the Fed was established. Covering that much debt in the short term requires a constant flow of fiat, digital and paper. Not only does REAL debt threaten our credit standing as a nation, it also threatens the value and full faith in the dollar.
The small glimpse into Fed operations we received during the limited TARP audit was enough to warrant serious concern, as a full audit would likely result in the exposure of total debt fraud, the immediate abandonment of U.S. Treasury investment, and the destruction of the dollar. Of course, all of that will eventually happen anyway…
I will discuss why this will take place sooner rather than later through the issues of Treasury bonds and the dollar in the fourth installment of this series. In the fifth installment, I will examine the many reasons why a deliberate program of destructive debt bubbles and currency devaluations actually benefits certain international financiers and elites with aspirations of complete globalization. And in the sixth and final installment, I will delve into practical solutions – and practical solutions only. In the meantime, I would like everyone to consider this:
No society or culture has ever successfully survived by disengaging itself from its own financial responsibilities and dumping them on future generations without falling from historical grace. Not one. Does anyone with any sense really believe that the U.S. is somehow immune to this reality?
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March 14th, 2015 by olddog
Dr. Walker Todd, former 20 year consultant to the Federal Reserve.
On Thursday night, airing on Randy Yarbrough’s radio show on 1360AM out of Johnstown, Colorado, Dr. Walker Todd called in into the show and offered a stunning prediction. Dr. Todd stated that the U.S. economy has about “60-90 days of life in it as the dollar is on the verge of collapse”.
The dire prediction from only man would not ordinarily carry much weight, however, Dr. Todd was a an economic consultant with 20 years of experience at theFederal Reserve Bank of New York and the Federal Reseve Bank of Cleveland. He is also a member of the Cato Institute‘s new Center for Monetary Financial Alternatives as one of its Adjunct Scholars. Given his background, his expressed opinions should be given very serious consideration.
If Dr. Todd’s prediction is accurate, this fits in with what other sources are saying is coming in the very near future. It has always been my position that a false flag even would be used as a pretext to invoke martial law. Martial law would then be used as the excuse to begin gun confiscation. Gun confiscation will be used disarm American citizens prior to subjugating the country by using foreign mercenaries in what could be labeled as a “Red Dawn” scenario.
Amerika the Miniseries
Many have been quick to point out that the movie miniseries, Amerika, portrays the Soviet Union conducting a bloodless takeover of our country. This was a takeover made easy by the apathy of Americans to defend freedom as clearly stated by the Soviet leader in the movie: “It (the coup) worked because you lost your country before we ever got here”. The more things change the more they say the same.
It is highly recommended that all Americans watch this movie about the country we would could soon be “fundamentally transformed” into, Amerika. It is chilling to watch the parallels of this 1987 miniseries and what is taking place now with ever increasing rapidity.
Through a series of Executive Orders, President Obama has rendered Congress to be an impotent body. Here in the move, Amerika, the President of Amerika, enacts the final solution against Congressional interference against the communist takeover of our country.
More efficient than an Executive Order.
EvenSenator Lindsay Graham is now advocating for a military dictatorship on the eve of some very ominous events which lie in our immediate future.
Let’s dust off some old evidence from last year when a rash of UN vehicles were being spotted as they were being transported to places unknown. In retrospect, it is clear that these vehicles are being stored for future use.
Sightings of these vehicles have been widely reported beginning last Spring. And this has led some to suspect that an occupation force is being mobilized.
Given what is to be revealed in the rest of the article, these UN vehicles were being transported to staging areas in preparation for a later roll out, such as the implementation of a real Red Dawn scenario.
What Lies Ahead?
As I have written multiple times, America will be taken down according to the following scenario: (1) A false flag, more than likely a scenario resulting in economic collapse and the destruction of the dollar. This is in line with what Dr. Todd stated on the radio on March 12, 2015; (2) The implementation of martial law rule, perhaps involving the use of foreign troops; and (3) All out conflict.
There are clear economic, political and military reasons why the Russians would want to occupy Alaska. My interest in this topic surfaced quite serendipitously as a couple of listeners to my radio program sent me information on the Agenda 21 invasion of small Alaska communities, and oh, by the way, they also reported that they were seeing Russian troops in their respective communities. The adjacent maps reveals the towns where Russian troops, or there is a large contingency of Russian civilians in Alaska.
The sighting of Russian troops in small Alaskan towns such Ketchikan, Alaska, got my undivided attention. Ketchikan is the southeastern most city in Alaska. With an estimated population of 8,050. Ketchikan is the fifth-most populous city in the state. Another area where there are civilian sightings of Russian troops is in Sitka, Alaska. The City of Sitka, formerly New Archangel under Russian rule, is located on Baranof Island and the southern half of Chichagof Island in the Alexander Archipelago of the Pacific Ocean. Additionally, one military veteran reports seeing Russian submarines, on a frequent basis, just off the coast. Further, there are civilian reports of Russian vehicles and troops moving through Alaska north of Anchorage. Because of the multiplicity of the reports, these are indeed verifiable, reported accounts of Russian troops on American soil.
Russian and American troops at Fort Carson, May 2012
The presence of Russian troops on American soil is very troublesome. America does not need to rely on the anecdotal accounts of Alaskan civilians to be concerned about the presence of Russian troops on American soil. Russian commandos are also “training” at Fort Carson, in Colorado Springs.
There are additional reports of Russians in and around the Alaskan town of Wasilla.
I have learned, from multiple sources that the Russians have moved at least one, and probably two divisions of troops into the Eastern Arctic just outside of Alaska. This dovetails with another Russian military/political actions in recent times as we know that the Russians have established a very large presence in the Arctic, just above Alaska.
I have also learned that Russians, in large numbers have crossed over into Alaska. Many are in civilian clothes and many are being housed in several closed Alaskan military bases and abandoned motels. I am told that Russian troops are being maintained in the following two closed Alaskan bases.
Further, it is not a secret that some of these forces have worked with DHS on abduction exercises in which hypothetical members of the Independent Media and uncooperative and influential politicians (i.e. just like the movie Amerika) are snatched by troops offloaded from low-flying helicopters in the middle of the night. These drills have been coordinated in multiple locations which leads one to believe that when this scenario is acted upon, these abductions will take place on the same night.
More Supporting Documentation
I have repeatedly stressed the importance of seven Islands that Obama gave away to Russia. Please note their location. Two of the Islands are ideal for launching an invasion of Alaska. The other five Islands are serving to block access to the American navy in and around the Arctic interests of Russia.
Multiple reports from Alaskan fisherman have observed that Russian troops are occupying US/Alaska’s Wrangell Island in the Arctic which was one of the seven Islands given to Russia by Obama.
Interestingly, Google posted the following pictures and labeled them as “Russian military troops sighted in Alaska”
Maybe someone should be asking Google where they got these photos of what Google labels “Russian troops in Alaska”. If one does not believe that Obama is capable of facilitating this kind of treason, perhaps Obama would care to explain what happened when In March of 2012, with a microphone left on. Obama made an unguarded comment to Russian leaderDmitry Medvedev to be “more lenient on nuclear issues” because he could be more flexible “after the November election (2012)”. Does more flexible mean killing the Keystone Pipeline prior to giving away seven rich Alaskan Islands to the Russians? Obama did indeed do that. Does more flexible mean letting the Russians train in Colorado Springs and in Alaska? Obama did indeed do that too. Does being more flexible mean compromising our defense of Alaska? This is absolutely the case, as Alaska is being prepared to know exception.
There is yet another rumor that is persistently being reported and it is that Putin has disappeared. This led to an Internet rumor, yesterday, that Putin was dead. The more credible sources states that Putin has, instead, retired to his nuclear bunker in the Ural Mountains at Yamanatu. What we do not know is if Putin is carrying out a drill, or is this the real thing? Either way, his retreat to his bunker should signal to the rest of us, his true intent.
Former Soviet Union Defectors Have Warned US
Anatoliy Golitsyn, a high-ranking KGB defector who fled to the United States in order to warn Americans about the secret Russian plan to attack the United States. Golitsyn is generally considered to be among the first and most revealing on the subject of the secret Russian plans to attack. Having authored the The Perestroika Deception in which Golitsyn wrote about the deceitful intent behind the Leninist strategy in which the present-day Communists are actively pursuing as they fake American style democratization efforts in Russia. According to Golitsyn, the short-term strategic objective of the Russians is to achieve a technological convergence with the West solely on Russian terms and mostly through a series of one-sided disarmament agreements. According to Golitsyn, after the United States military is eliminated as a strategic threat to Russia, the long-range strategic Russian plan is to pursue Lenin’s goal of replacing nation states with collectivist model of regional governments as a stepping stone to global governance. In order to achieve their final goal, Golitsyn states that Russia, after lulling America to sleep, will join with China in order to attack the United States from both the outside and inside as he detailed that …the Soviets and the Chinese will be officially reconciled and enact a “scissors strategy” in which China will attack the US through the southern border and Russia through northern border by way of Alaska. As the reader will clearly see in the following paragraphs, Obama is the catalyst in making these long-range communist plans come to fruition. Has Obama already signed Amerika’s surrender papers?
Is Dr. Todd correct? Do we only have 60-90 days left before everything unravels?
It will only take 48:55 to get your head out of your butt.
YOU CAN CRASH THEIR PLAN WITH CASH.
CUT UP YOUR CARDS AND CHECKS AND WATCH THE SHIT HIT THE FAN
March 13th, 2015 by olddog
By Brandon Smith
Consumer spending in the U.S. accounts for approximately 70 percent of gross domestic product, though it is important to note that the manner in which “official” GDP is calculated is highly inaccurate. For example, all government money used within the Medicare coverage system to pay for “consumer health demands,” as well as the now flailing Obamacare socialized welfare program, are counted toward GDP, despite the fact that such capital is created from thin air by the Federal Reserve and also generates debt for the average taxpayer. Government debt creation does not beget successful domestic production. If that was a reality, then all socialist and communist countries (same thing) would be wildly enriched today. This is simply not the case.
That said, the swift decline in manufacturing jobs in the U.S. over the past two decades, including a considerable 33 percent overall decline in manufacturing jobs from 2001 to 2010, leaves only the consumer and service sectors as the primary areas of employment and “production.” The service sector provides about three out of every four jobs available in America, according to the Bureau of Labor Statistics.
The truth is that America actually produces very little that is tangible beyond Big Macs, pharmaceuticals and the occasional overpriced fighter jet that doesn’t function correctly and is filled with Chinese parts. All three will kill you at varying degrees of speed…
In the first part of this article series, I discussed the true state of global demand, along with the unstable situation within numerous indicators from exports to retail. Swiftly falling global demand for raw materials as well as consumer goods is an undeniable reality. This is a distinct problem in terms of the U.S., which has been, up until recently, the primary consumption driver for much of the world. As I plan to show, U.S. demand is about to fall even further into the abyss as real unemployment and personal debt take their toll.
Now, it is probably important to address the lies presented in the mainstream and by the BLS in terms of unemployment statistics because even after years of alternative analysts debunking establishment stats and how they are calculated, we STILL end up hearing the same arguments parroted by disinformation agents and unwitting useful idiots.
Such people continue to parade around boasting about the latest BLS reports on job creation claiming that “all is well” because the unemployment rate has dropped to 5.5% and all other talk to the contrary is “doom and gloom.” So, once again, I must relate the fact that the current BLS numbers are an utter sham.
Official unemployment stats are arrived at through disingenuous methods of calculation that were introduced in the 1990s, just before the bursting of the dot com bubble; the introduction of artificially low interest rates, which created the derivatives crisis; and the steady derailment of the U.S. financial system, which has occurred ever since.
So who is actually counted as employed and who is NOT counted as employed by the BLS?
Of the 102 million working-age Americans without work today, only 8.7 million are counted by the BLS as unemployed. Out of all working-age Americans, over 92 million are without jobs and are not counted by the BLS as unemployed. Why?
Well, if you ever read establishment-leaning propaganda websites like Factcheck or Poltifact, the argument is essentially that these 92 million Americans are not counted because they “refuse to participate,” not because they can’t find adequate employment and not because the government is misrepresenting the numbers. Yes, that’s right, 92 million Americans don’t count because they clearly must not want work.
So, first, I would ask how it is that the BLS comes to the conclusion that nearly one-third of the U.S. population does not want to work? Is it through its so called “household surveys?” Surveys, just like public polls, can be easily manipulated to affirm any particular bias merely by changing how questions are phrased. I would certainly love to see the raw data from such polls before the BLS adds its own spin.
Second, even if such claims were true and tens of millions of Americans did not want to work, why would this matter? Shouldn’t they still be counted as unemployed in order to draw the most accurate picture of our economic situation? Wouldn’t 92 million Americans apparently on a long-term labor and productivity strike have a severe negative effect on real GDP? And obviously, they must be surviving somehow. Wouldn’t 92 million people eventually require government assistance through food stamps and welfare? Does none of this matter to the BLS in terms of the overall economic picture?
Third, if the assertion is that 92 million people do not want jobs, then by extension the BLS would have to show that those millions of people could in fact get a job if they simply tried. Where are these tens of millions of jobs that Americans are refusing to apply for and what do they pay?
Fourth, a common misrepresentation attached to the claim of “refusal to participate” is that many of these Americans are teens in school (16 to 18) and possible “retirees” (55 or older). The BLS and the mainstream media simply assume these people do not want a job and should not be counted as unemployed. Of course, the BLS includes such people in its stats when they DO have jobs. So, according to the BLS, if you are 16 or 55 or 65 and you have a job, then you count. If you are 16 or 55 or 65 and don’t have a job, then you don’t count. See how that works?
Fifth, millions of Americans are losing long-term unemployment benefits every quarter and are being removed from BLS statistics. Many of them are not teens or retirees. These are average-working-age adults who now no longer have any real launch pad to progress in their career or life, and who should be fully motivated to obtain work if jobs are so readily available. Again, where are these jobs that said prime-working-age people refuse to accept?
The BLS also invariably discounts the number of working-age Americans who enter the market as well when boasting of jobs created to the public. Job growth numbers do not weigh the number of new participants each month with the number of supposed jobs made available, thus creating a misconception about how many new jobs are actually needed to keep the economy functional.
Another important factor to observe in government labor statistics is the issue of part-time work. When the BLS releases its monthly stats on unemployment, it does not widely promote or discuss the fact that 18 percent to 20 percent of those labeled “employed” are considered “part-time employed.” The BLS defines “part-time employed” as anyone who works 1 to 34 hours per week. Yes, if you work one hour per week, you have helped to bring down the overall unemployment rate of the U.S. to a fantastic 5.5 percent, even though you likely have zero ability to support yourself financially, let alone a family.
What does the 5.5 percent unemployment number actually represent on a fundamental level where the real world actually matters rather than the world of hypothetical calculations? Not a damn thing. The number is absolutely and unequivocally meaningless.
If one were to calculate unemployment using pre-1990s methods, as websites like Shadowstats.com do, counting U-6 measurements as well as the underemployed, you would come up with a U.S. jobless rate closer to 23 percent.
Many of those workers in the service sector on the higher end of the part-time and full-time spectrum still cannot support themselves adequately due to falling wages, rising prices and growing debt obligations, which brings me to the next problem at hand.
Beyond unemployment as a destroyer of consumer demand, there is also personal debt. Much of the focus within the mainstream and even alternative economics revolves around national debt (I will cover the many lies surrounding national debt in my next article). However, effects on fundamental demand are far clearer when one examines household liabilities. According to averages supplied through government stats (meaning the real numbers are likely far worse), the average American household suffers from between $10,000 to $15,000 in credit card debt, $155,000 in mortgage debt and $32,000 in student loan debt.
Americans owed nearly $12 trillion overall in 2014, an increase of 3.3 percent over 2013. Declines in some debts, including a decline in credit card debts since 2011, are attributed to numerous defaults, not repayments.
What we have here is a deadly fiscal combination; namely the combination of real unemployment at permanently high levels and real personal debt at unsustainable levels. This is the core reason behind the collapse in global demand that was discussed in the first installment of this series. With U.S. consumers no longer able to support their historical consumption habits and with the inflexible skeleton of the U.S. economy in particular dependent on past consumer dynamics, the system has little financial plasma left circulating.
This is not necessarily a new trend; but 10 years ago, Americans were able to offset their dwindling buying power by taking on massive debts through easy Federal Reserve fiat fueling questionable bank loans. They no longer have this option; thus, consumption is going to degrade (and is degrading) to the point that the current financial structure, stuck in its rigid and fragile dynamic, will collapse. There is no way around it.
As stated in my last article, the numbers given here are in most cases establishment-generated statistics. A common argument among state apologists and propagandists is that we in the alternative economic field should be labeled “hypocritical” if we debunk some mainstream stats while using others as reference points. I would make clear yet again that it is the contradictions within the government’s own numbers and claims that alternative analysts are most concerned with. My view is that when mainstream numbers actually reflect negative economic trends, they should be multiplied according to other prominent factors. That is to say, when the government bureaucrats and fantasy masters finally admit things are bad, they are actually much worse than indicated.
Some mainstream statistics are outright fraudulent; some are half true; others are factual yet hidden in plain site from the general public. In between the lines of all of this information, good and bad, alternative economists attempt to discern as much foundational truth as possible. As this series continues, I believe readers new to the Liberty Movement, as well as longtime activists, will come to view a wider and fuller picture of our fiscal situation and come to the same conclusion I have – That the manner in which we live today is about to drastically change, and that this coming change is being hidden from us deliberately by those who wish to use a tactic of financial shock and awe to their ultimate advantage.
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March 7th, 2015 by olddog
Corporate-financier interests driving US foreign policy have long ago conspired to use Al Qaeda and other sectarian extremist forces to create a Pan-Arabian mercenary force with which to fight their enemies. Warned about in 2007 in a prophetic 9-page report by veteran journalist, two-time Pulitzer Prize-winner Seymour Hersh, then exposed through documented evidence over the course of the past four years, and now incontrovertibly unfolding before the world’s eyes, this criminal conspiracy against world peace and all of humanity can be seen in its full, horrific form.
The war special interests in the United States along with its co-conspirators plan to wage across the planet encompasses not only the Middle East and North Africa, but also Russia, China, and beyond. It threatens the lives, peace, and prosperity of all on Earth. If it is not exposed, and the special interests driving it not undermined, uprooted, and purged from humanity, none will escape the dark days that inevitably lie ahead.
The Unheeded Warning
It was in 2007, in the New Yorker, that veteran journalist Seymour Hersh published his lengthy, prophetic report, “The Redirection Is the Administration’s new policy benefiting our enemies in the war on terrorism?” Within it, Washington, Riyadh, and Tel Aviv were exposed amidst a criminal conspiracy to use sectarian extremists in a proxy war against Iran and its allies in Syria and Lebanon. The impending conflict was described as “cataclysmic.”
The report stated explicitly that (emphasis added):
To undermine Iran, which is predominantly Shiite, the Bush Administration has decided, in effect, to reconfigure its priorities in the Middle East. In Lebanon, the Administration has cooperated with Saudi Arabia’s government, which is Sunni, in clandestine operations that are intended to weaken Hezbollah, the Shiite organization that is backed by Iran. The U.S. has also taken part in clandestine operations aimed at Iran and its ally Syria. A by-product of these activities has been the bolstering of Sunni extremist groups that espouse a militant vision of Islam and are hostile to America and sympathetic to Al Qaeda.
And because the conspiracy was exposed during the administration of US President George W. Bush, attempts by the establishment to compartmentalize current, and increasingly more obvious support by the US of Al Qaeda and the so-called “Islamic State” by characterizing it as a misstep or even “treason” by the administration of US President Barack Obama, is merely a political ploy. It is clear that instead, the policy and its execution across two supposedly diametrically opposed political parties, is an example of “continuity of agenda.”
And while the political “right” in the United States in particular feigns outrage and suspicion over the Obama administration’s ties and support for sectarian extremist organizations, including the Muslim Brotherhood and factions with direct ties to Al Qaeda, it was exposed in Hersh’s 2007 article that the Bush administration had in fact initiated this support. Obama keeping the Oval Office’s chair warm while this policy continues.
Hersh’s report would state:
There is evidence that the Administration’s redirection strategy has already benefitted the Brotherhood. The Syrian National Salvation Front is a coalition of opposition groups whose principal members are a faction led by Abdul Halim Khaddam, a former Syrian Vice-President who defected in 2005, and the Brotherhood. A former high-ranking C.I.A. officer told me, “The Americans have provided both political and financial support. The Saudis are taking the lead with financial support, but there is American involvement.” He said that Khaddam, who now lives in Paris, was getting money from Saudi Arabia, with the knowledge of the White House. (In 2005, a delegation of the Front’s members met with officials from the National Security Council, according to press reports.) A former White House official told me that the Saudis had provided members of the Front with travel documents.
[Walid] Jumblatt said he understood that the issue was a sensitive one for the White House. “I told Cheney that some people in the Arab world, mainly the Egyptians”—whose moderate Sunni leadership has been fighting the Egyptian Muslim Brotherhood for decades—“won’t like it if the United States helps the Brotherhood. But if you don’t take on Syria we will be face to face in Lebanon with Hezbollah in a long fight, and one we might not win.”
This support would manifest itself both in Egypt and Syria, where the Muslim Brotherhood, its political networks, and armed groups built within them, served as the foundation of unrest and violence that took place under the cover of regional US-engineered political subversion often referred to as the “Arab Spring.” In Egypt, the Muslim Brotherhood would succeed temporarily in seizing power. In Syria, the Brotherhood would trigger violence and eventually devastating, protracted war.
Perhaps throughout Hersh’s 9-page report, the most sobering warning came from a former CIA agent in Lebanon. Hersh’s report would state:
Robert Baer, a former longtime C.I.A. agent in Lebanon, has been a severe critic of Hezbollah and has warned of its links to Iranian-sponsored terrorism. But now, he told me, “we’ve got Sunni Arabs preparing for cataclysmic conflict, and we will need somebody to protect the Christians in Lebanon. It used to be the French and the United States who would do it, and now it’s going to be Nasrallah and the Shiites.
And this is precisely what is now unfolding all across the Middle East and North Africa. A cataclysmic conflict driven by sectarian extremists waging war on minority groups across the region, with only Iran, Syria, and Hezbollah left to defend them – and with the United States and its allies doing everything imaginable to stop them from doing so.
Clearly the “French and the United States,” cannot reprise their role as protectors of the region’s minorities, since they have openly thrown in their lot – as predicted by Hersh in 2007 and as is evident today – with Al Qaeda and ISIS.
ISIS is Al Qaeda – And America is Backing them Both
Attempts to compartmentalize political responsibility for the rise and perpetuation of extremists across the Arab World is not the only game being played by Western special interests. They have also attempted to compartmentalize the extremists themselves.
In Syria, Al Qaeda in the form of Jabhat al-Nusra, has been the prevailing armed faction throughout the conflict, beginning in 2011. This isn’t according to the Syrian government and “Bashar al Assad’s propaganda,” this is according to the US State Department itself which listed them as a foreign terrorist organization in 2012. In their official statement, “Terrorist Designations of the al-Nusrah Front as an Alias for al-Qa’ida in Iraq,” they reported:
Since November 2011, al-Nusrah Front has claimed nearly 600 attacks – ranging from more than 40 suicide attacks to small arms and improvised explosive device operations – in major city centers including Damascus, Aleppo, Hamah, Dara, Homs, Idlib, and Dayr al-Zawr. During these attacks numerous innocent Syrians have been killed. Through these attacks, al-Nusrah has sought to portray itself as part of the legitimate Syrian opposition while it is, in fact, an attempt by AQI to hijack the struggles of the Syrian people for its own malign purposes. AQI emir Abu Du’a is in control of both AQI and al-Nusrah. Abu Du’a was designated by the State Department under E.O. 13224 on October 3, 2011, and by the United Nations under UN Security Council Resolution 1267 on October 5, 2011. Abu Du’a also issues strategic guidance to al-Nusrah’s emir, Abu Muhammad al-Jawlani, and tasked him to begin operations in Syria.
For readers who may have believed the US State Department’s claims that “al-Nusrah has sought to portray itself as part of the legitimate Syrian opposition while it is, in fact, an attempt by AQI to hijack the struggles of the Syrian people for its own malign purposes,” they may be shocked to discover that now, apparently, al-Nusra is considered by the US and its allies among the “legitimate Syrian opposition.”
In order to make this possible, Nusra is carrying out a public relations campaign with the aid of American and European media monopolies – including Reuters who in their report titled, “Insight – Syria’s Nusra Front may leave Qaeda to form new entity,” would claim:
Leaders of Syria’s Nusra Front are considering cutting their links with al Qaeda to form a new entity backed by some Gulf states trying to topple President Bashar al-Assad, sources said.
Sources within and close to Nusra said that Qatar, which enjoys good relations with the group, is encouraging the group to go ahead with the move, which would give Nusra a boost in funding.
Of course, Nusra is already harbored, aided, armed, and abetted by NATO, using NATO territory in Turkey as a base of operations. And while Reuters attempts to portray Nusra as “the enemy of our enemy,” claiming the rebranding and boost in funding would help them fight the “Islamic State,” by all accounts Nusra and ISIS are already one in the same.
What’s worse is that this trick of portraying Al Qaeda as a bifurcated movement at odds with itself to compartmentalize and use the same organization for multiple, and at times, opposing objectives, was already seen during the US occupation of Iraq.
The New York Times in its article, “Leader of Al Qaeda group in Iraq was fictional, U.S. military says,” would admit:
Brigadier General Kevin Bergner, the chief American military spokesman, said the elusive Baghdadi was actually a fictional character whose audio-taped declarations were provided by an elderly actor named Abu Adullah al-Naima.
The ruse, Bergner said, was devised by Abu Ayub al-Masri, the Egyptian-born leader of Al Qaeda in Mesopotamia, who was trying to mask the dominant role that foreigners play in that insurgent organization.
The ploy was to invent Baghdadi, a figure whose very name establishes his Iraqi pedigree, install him as the head of a front organization called the Islamic State of Iraq and then arrange for Masri to swear allegiance to him. Ayman al-Zawahiri, Osama bin Laden’s deputy, sought to reinforce the deception by referring to Baghdadi in his video and Internet statements.
Indeed, the “Islamic State in Iraq” was fictional. It was Al Qaeda all along, just like the “Islamic State in Syria and Iraq” or “ISIS” is also fictional, a functionary of Al Qaeda and the foreign interests sponsoring it.
The reality of this couldn’t be illustrated any more perfectly than with the case of Libyan terrorist Abdelhakim Belhadj. Having been a member of the “Libyan Islamic Fighting Group” or LIFG for decades, he would literally travel to Afghanistan where he would fight American soldiers in the wake of 9/11. He was even captured and enrolled in the United States’ infamous “rendition program.” Upon release from prison in Libya, he would promptly organize and lead armed rebellion against the government Muammar Qaddafi, with extensive NATO arms, cash, and even air cover.
A 2007 West Point Combating Terrorism Center (CTC) report examining the demographics of foreign fighters caught in Iraq fighting then occupying US troops would reveal that the NATO-backed rebels in Libya led by Belhaj were in fact fighters drawn from the Libyan Islamic Fighting Group (LIFG) listed by both the US State Department and UK Home Office as a foreign terrorist organization.
In essence then, the United States and its NATO partners knowingly and willfully handed the nation of Libya and its people over to Al Qaeda. Despite Belhaj’s documented terrorist past and present, US politicians would meet with him, showering upon him accolades, praise, and continued political and military support. Among these politicians were US Senators John McCain and Lindsey Graham who met and literally shook Belhaj’s hand while standing upon the ruins of Libya.
That McCain and Graham are both Republicans supporting terrorism, alongside a Democrat US President also allegedly supporting terrorism, illustrates perfectly that special interests own and control both sides of the political aisle, using opposing rhetoric to appeal members on either side, while both sides carry forward the exact same agenda.
More recently, US news sources claimed Belhaj was now leading Libya’s branch of ISIS. The Washington Times would report in an article titled, “U.S. backed rebel reportedly leads Islamic State in Libya,” that:
Major news out of Libya as Abdelhakim Belhadj, the former head of the al Qaeda-linked Libyan Islamic Fighting Group, and a major player in the U.S.-backed overthrow of Moammar Gadhafi, has reportedly joined the Islamic State and is leading its forces there. This according to The Blaze National Security journalist Sara Carter on Twitter, and Fox News’ Catherine Herridge in a Fox News report.
Western news sources had reported as early as November of last year that many of the so-called “rebels” in Libya had begun forming under the banner of ISIS. CNN in an article titled, “ISIS comes to Libya,” claimed:
The black flag of ISIS flies over government buildings. Police cars carry the group’s insignia. The local football stadium is used for public executions. A town in Syria or Iraq? No. A city on the coast of the Mediterranean, in Libya.
Fighters loyal to the Islamic State in Iraq and Syria are now in complete control of the city of Derna, population of about 100,000, not far from the Egyptian border and just about 200 miles from the southern shores of the European Union. The fighters are taking advantage of political chaos to rapidly expand their presence westwards along the coast, Libyan sources tell CNN.This means that US politicians served a direct role in propping up ISIS in Libya, whether they claim it was incidental rather than intentional – a cautionary tale to be told as these very same politicians attempt a repeat performance in Syria and beyond.
The rebranding of NATO’s terrorist proxies in Libya and attempts to literally back and arm Al Qaeda’s Nusra front in Syria portend an impending conflict of a scale yet to be seen – one involving Libya’s neighbor Egypt, and Syria’s neighbor, Iran.
The “Cataclysmic Conflict” Yet to Come
Egypt narrowly escaped subjugation by the West through the very same Muslim Brotherhood networks used to destabilize and destroy Syria. After initially bending to the sociopolitical currents unleashed by the 2011 “Arab Spring,” the Egyptian military sprung back, ejecting the Muslim Brotherhood from power amid a military coup.
Egypt’s new military-led government moved with merciless lighting speed in suppressing the Muslim Brotherhood domestically. Hundreds of Muslim Brotherhood members, including leaders have been rounded up, tried, and sentenced to death. The military-led government has exhibited zero tolerance both for militant groups within their borders, and street demonstrations agitated by US NGOs and used for cover behind which militants operate.
All of this was carried out, as drastic as many of the measures may seem, with the intention ofsparing Egypt the same protracted conflict Syria is now suffering.
The failure of the West’s “Arab Spring” putsch with the fall of the Muslim Brotherhood, and its subsequent inability to stoke sufficient unrest from within Egypt’s borders has led to the sudden and convenient conjuring of ISIS in neighboring Libya. Already, heinous acts of barbarity have been carried out against Egyptian citizens residing in Libya for the sole purpose of stoking sectarian flames within Egypt’s borders.
Egypt has responded by supporting military factions in Libya fighting Belhaj’s sectarian extremists, now operating under the banner of ISIS. Egypt has also conducted airstrikes on Libyan territory itself. As NATO’s proxies commit to ever bolder acts of provocation, the conflict is set only to expand.
What is to come, and the purpose of unveiling ISIS in Libya, is a torrent of terrorism and militancy, backed by NATO, aimed directly at the Egyptian military and – if possible – into the heart of Egypt itself.
Egypt, with a population of over 80 million people, if made to suffer the same sort of protracted conflict Syria is now suffering at the hands of Western backed terrorists, would cost an immeasurable loss in life and destabilize not only both North Africa and the Middle East – across which Egypt’s sphere of influence lies – but also endanger international shipping through the Suez Canal and threaten Europe with an influx of refugees fleeing what would be a war zone of unprecedented modern day dimensions.
Either as part of a strategy to destabilize and destroy Egypt, or to excise from Cairo geopolitical concessions including the abandonment of Syria as well as Egypt’s backing amid increasing hostilities toward Iran, the West’s use of ISIS in Libya is yet another manifestation of what veteran journalist Seymour Hersh warned about in his 2007 report.
ISIS will form the foundation of a regional mercenary force aimed conveniently at the hearts of each and every one of Wall Street and Washington’s enemies, while suspiciously, ISIS spares all of the West’s allies.
The ongoing violence in Libya and Syria is only the beginning. Should Egypt and Iran be mired in the same widespread violence, fueled by billions upon billions in cash, equipment, and weapons flowing from all corners of the Earth into the region, the “cataclysmic conflict” warned about in 2007 will finally come to pass.
It will not end in the Middle East. If successful in establishing hegemony there, the chaos will spread to all corners of the globe. First to southern Russia and western China, then beyond. The question of whether or not one will eventually be affected by this conflict is not a matter of if, but a matter of when.
Uprooting the Conspirators
This is not “Obama’s” war. Nor is this a “Republican” or “Neo-Con” war. This is a war for global hegemony waged by the corporations, banks, and institutions upon Wall Street and in Washington that transcend elections and own parties on all sides and in all corners of the current, prevailing political paradigm. Appealing to a political party controlled by these interests is the very definition of futile.
|Image: Growing your own food locally can be profitable and satisfying. It is also one of several means of localization with which to undermine and redistribute the immense concentration of unwarranted power and influence enjoyed by the corporate-financier interests driving chaos globally.
In order to undermine and uproot these special interests, these corporations, banks, and institutions must be replaced by local alternatives – on a national level around the planet, and on a provincial, state, and local level within each nation.
It is not merely “Walmart,” “Pepsi,” or “Exxon” themselves as corporations, but rather the concentration of power, wealth, and influence these corporations collectively represent. Often it is the same board members and financial interests holding stakes in each corporation, and it is this handful of shareholders that in turn, fund policy think tanks behind policy papers engineering wars of aggression, including the current proxy war being waged through “ISIS” and “Al Qaeda.”
Decentralizing these vast monopolies through the creation and proliferation of local alternatives will systematically undermine their capacity to wield the unwarranted power and influence they currently enjoy. Whether it is decentralizing big-retail, big-telecom, big-pharma, or big-auto in general, or targeting specific monopolies like Facebook, there are already people working around the world to make this happen and simply need more people to leave the perpetual distractions and diversions of global politics, and begin paying into localization.
The alternative media has already proven the power of people turning from consumers and into producers, and the redistribution and balance of power and influence it creates. Imagine tackling all monopolies in a similar manner.
While the conflicts ravaging the Middle East and North Africa seem “remote,” the fact that similar chaos is now being sown by NATO on the doorstep of Europe in Ukraine, means that if left unchallenged, it is only a matter of time before these conflicts affect everyone directly, no matter where one lives. Rather than organizing protests or taking up arms in an impossible, fictional future battle against tyranny, decentralizing massive monopolies globally, and building up our communities locally is something we can begin doing today – with something as simple as planting a garden to first reduce our dependency on big-agriculture. In the near future, these activities could become profitable, and before that, certainly satisfying and constructive.
We have nothing to lose by trying, and everything to lose if we don’t.
Tony Cartalucci’s articles have appeared on many alternative media websites, including his own at
Land Destroyer Report, Alternative Thai News Network and LocalOrg. Read other contributed articles by Tony Cartalucci here.
PCR Interviewed by pravda.ru about America History Curriculum
PCR Interviewed by pravda.ru about the attempt by the Advanced Placement History Curriculum to introduce some honesty into the teaching of US history
By PCR & pravda.ru editor
The tendency of US history textbooks is to justify any US atrocity from the point of view of the defense of US interests. “Exceptional” America is exempt from laws of morality applied to other countries.
Republicans are attempting to prevent the introduction of the Advanced Placement curriculum until the textbook can be “revised” in order to ensure that students are propagandized rather than informed.
The editors of pravda.ru asked PCR for his view of the matter. This is what he said:
“In my opinion, the Republican Party today and a majority of Americans who think of themselves as conservatives are not, in fact, traditional American conservatives. They comprise a form of brownshirts who are intolerant of dissent and want to impose social control. They support government instead of the Constitution, and they frown on civil liberty as a form of legal permissiveness that coddles criminals and terrorists.
“These so-called conservatives attribute the US defeat in Vietnam to student protests and to journalists who disputed Washington’s lies. They regard protests as a threat to the status quo, and not as a way to express public dissent from government policies. Conservatives are for democracy only as long as they control behavior in the democracy.
“In the 1940s and 1950s public school courses such as history and literature were largely up to the individual teacher. Consequently, there was a lot of diversity in what was taught. As time passed, especially after the 1964 Civil Rights Act and school integration, courses became increasingly standardized, partly in order to judge school performance with standardized state or national testing, and partly, according to some, to ensure that minorities were not offended by course content. The obvious consequence is that a form of national brainwashing was put in place that instilled in the young acceptable beliefs about their country.
“For the so-called conservatives, any criticism of America is an unpatriotic act. In the 21st century it has become increasingly difficult to protest in the US. The former Director of Homeland Security, Janet Napolitano, declared that the new department had shifted its focus from terrorists to “domestic extremists,” a group she defined as war protesters, environmentalists, and animal rights advocates. Indeed, a national police force called Homeland Security itself indicates an increasing concern with protecting those in control from dissent.
“The increasing gratuitous violence of police against members of the public is also an indication that there has been a fundamental shift in the position of the government in relation to the people. The purpose of government in the US is not to serve the will of the people, but to conform the behavior of the people to the will of the government.
“The same thing appears to be the case in Australia, Canada, the UK, and Europe. For example, in the UK, 99% of the people are opposed to fracking, but the government has ignored the people and permits fracking to take place under the homes of people without their consent.
“In the West, I think that the idea of democracy is dead. Democracy is no longer a respected value. Elections serve as a cloak to mask the death of democracy.”
March 6th, 2015 by olddog
By Michael Gaddy
(Authors note: Several readers have asked about the importance of covering the fact Madison, Hamilton and others were pushing a nationalist form of government. This information is critical because the nationalist/monarchial form of government that was introduced and supported by Madison, Hamilton and others was repeatedly defeated, both in the Constitutional Convention of 1787 and the subsequent State Ratifying Conventions. Unfortunately, what our founders intended, a Republic, has long since been abandoned for the nationalist form of government the majority opposed. In fact, our government has morphed into a National Socialist form of government not ideologically different than the National Socialist government of Germany in the 30’s and 40’s.)
Regardless of how many times you read it, or how many revisionist court historians write it, there is absolutely no evidence available which indicates there was a groundswell of support among the people for abandoning the Articles of Confederation.
Where might one go to discover the truth of my allegation? Why not to the words of the man who most wanted to change the limitations of the Articles to a form of government much more to his liking; a monarchy, and failing that, a strong centralized national government: Alexander Hamilton. Here it is in his words.
“Men of intelligence, discovered the feebleness of the structure, [Articles of Confederation] but the great body of the people, too much engrossed with their distresses to contemplate any but the immediate causes of them, were ignorant of the defects of their Constitution.”
Patrick Henry of Virginia saw through the deception; he did not believe the Articles were weak. Speaking on the subject he said:
“The Confederation; this same despised Government, merits, in my opinion, the highest encomium: it carried us through a long and dangerous war. It rendered us victorious in that bloody conflict with a powerful nation: it has secured us a territory greater than any Monarch possesses. And a government which has been thus strong and vigorous be accused of imbecility and abandoned for a want of energy…Why then tell us dangers to terrify us into an adoption of this new Government? And yet who knows the dangers this new system may produce; they are out of sight of the common people. It is for them I fear the adoption of this new system. Sir, it is the fortune of a free people, not to be intimidated by imaginary dangers. Fear is the passion of slaves.”
We know that the framers of the Articles of Confederation had included the following in Article II of our first Constitution.
“Each state retains its sovereignty, freedom, and independence, and every power, jurisdiction, and right, which is not by this Confederation expressly delegated to the United States, in Congress assembled.”
This was one of the conditions present in the Articles that the nationalist/monarchists knew they had to eliminate. The nationalist/monarchist did not want to contend with the ideas, questions and objections from 13 different colonies, but instead wanted to have one people in aggregate (a nation) controlled by a central all-powerful form of government, which they would lead. This would leave the states having very little to no voice in how they would be governed. Is any of this beginning to sound familiar?
The states, “retaining their sovereignty, freedom and independence” from the control of “men of intelligence” as Hamilton had described himself and his cronies, would have as their government a confederated republic, the complete antithesis of a nationalist form of government. In addition, none of the “men of intelligence” wanted a government that would be limited to those powers which would be “expressly delegated” through the “consent of the governed.”
Again, understanding the difference between “expressly delegated” powers and “granted” powers is to understand the crucial difference in tyranny and limited, representative government. Expressly delegated means there is little to no room for “interpretation” by government employees and bureaucrats and clearly defines the intent of our founders.
It is of the highest importance that one understands that the federal government, in the Articles of Confederation, could operate only on the states; it had no control or power over individuals.
If an egregious or tyrannical law was passed by the federal government, the state had the ability to simply ignore it. The federal government could not arrest or imprison a state. Therefore, the “intelligent men” in Hamilton’s view realized they must have a national form of government that could and would act on the individual.
I believe this to be the very first confrontation between nationalists and advocates of State’s Rights, a battle that would surface again in the 1830’s with Justice Joseph Story and Senator Daniel Webster on the side of nationalism and Senator John C. Calhoun on the side of State’s Rights. (This battle of words and ideas will be covered later in our studies) This battle of ideas would eventually lead to an open, bloody war in 1861; a war that would take the lives of over 700,000 individuals and permanently install a nationalist form of government in our country.
Every malady and malaise that faces us in our country today can be traced to the implementation of nationalism instead of a strict adherence to the rights of the people of a state to nullify acts of government. Ah, but ignorance reigns supreme, for on any given day you can find a group of people somewhere, who mistakenly believe they are being “patriotic,” robotically pledging allegiance to “One nation…indivisible” a phrase written by a national socialist.
It is also of importance that when the Constitutional Convention of 1787 opened in May of that year, a time when representatives of only 6 states were in attendance, the first resolution adopted stated, “a national government ought to be established.” Again, to confirm that the idea of a national form of government was repeatedly voted down in the Constitutional Convention of 1787, once representatives from other states had arrived, the record of the proceedings as recorded by Robert Yates, delegate from New York, commonly known as “Yates Minutes,” stated the following:
“Ellsworth. [Oliver Ellsworth, delegate from Connecticut] I propose, and therefore move, to expunge the word ‘national’ in the first resolve, and to place in the room of it, government of the United States,’ which was agreed to nem con.”
Hopefully, this session has clearly illustrated that our current form of government which is totally nationalist in nature, though it was proposed and supported by several of our founders who declared themselves to be “intelligent men,” is not the form of government favored by the majority of our founders and ratified by the several states.
To be continued.
COMPARE THE INFO IN THESE LINKS TO WHAT YOU WERE TOLD
AMERICA WAS IN THE BEGINNING.
THE RUTHERFORD REPORT
IN THE COURTS
WAR ON KIDS, FAMILY
SURVEILLANCE & TECHNOLOGY
The Government Duped Us On Net Neutrality. And Now We Pay The Price.
Apple Watch Will Replace Your Car Keys
Senator Asks FCC To Explain Its Involvement In The Proliferation Of Stingray Devices
What Will Happen When the Internet of Things Becomes Artificially Intelligent?
AMERICAN POLICE STATE
Californians Turn to Private Security to Police Pot Country
The New Pinkertons: Private Security Outfit Raids Pot Farms In California
Private Police Forces Are Growing Under DHS
NSA Spying Program Renewed Ahead of Congressional Showdown
States Predict Inmates’ Future Crimes with Secretive Surveys
Chicagoans Detail Abusive Confinement Inside Homan Square Police ‘Black Site’
Feds Raid Texas Political Meeting; Fingerprint and Photograph All Attendees, Seize Phones
In Georgia, a Traffic Ticket Can Land You in the Slammer
Florida Sheriffs Threaten to Illegally Arrest Citizens if They Try to Exercise Constitutional Rights
Cop Slams 22-Yr-Old Girl’s Head Into Concrete, Shattering Her Teeth, After She Crossed the Street
Police Shoot Unarmed African American Mother and Infant
Officer Attacks 10-Year Old Child, Breaks Child’s Leg for Filming Cops
Cop Shoots 70-Year-Old Vietnam Veteran in the Stomach for Reaching for Cane
Tanisha Anderson Was Literally Praying For Help As Cops Held Her Down and Killed Her
Police Use an AR-15 To Shoot And Kill Pregnant Woman
San Francisco Police Officer Hits, Kicks Homeless Man Who Slept On Bus
March 2nd, 2015 by olddog
For anyone who might still believe that the US/NATO versus Russia/BRICS geopolitical confrontation is real…
…here is a little blast from the past…
It is the cover from the January 9, 1988 issue of The Economist magazine. Note the phoenix rising from the ashes of burning national currencies, including the dollar.
The cover relates to an article on pages 9-10 titled Get ready for the phoenix, which foretold the financial drama we are now watching unfold in real time. Upon stumbling across them, I found the cover art and the article so striking that I thought they might be an online forgery, so I verified their authenticity with a research librarian at the Newspaper and Current Periodical Room of the Library of Congress. Both the cover and the article are quite real. Here are some excerpts (not necessarily in the order in which they appear in the article)…
>>> THIRTY years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let’s say, the phoenix. The phoenix will be favoured by companies and shoppers because it will be more convenient than today’s national currencies, which by then will seem a quaint cause of much disruption to economic life in the last twentieth century…
…The phoenix would probably start as a cocktail of national currencies, just as the Special Drawing Right is today. In time, though, its value against national currencies would cease to matter, because people would choose it for its convenience and the stability of its purchasing power…
…The phoenix zone would impose tight constraints on national governments.There would be no such thing, for instance, as a national monetary policy. The world phoenix supply would be fixed by a new central bank, descended perhaps from the IMF…
…Governments are far from ready to subordinate their domestic objectives to the goal of international stability. Several more big exchange-rate upsets, a few more stockmarket crashes and probably a slump or two will be needed before politicians are willing to face squarely up to that choice…
…Pencil in the phoenix for around 2018, and welcome it when it comes. <<<
It’s all there: the SDR “cocktail” (basket) of currencies, the IMF’s central role, and the need to create “exchange rate upsets, stockmarket crashes, and economic slumps” to make the public accept it. Seeing such an accurate forecast/blueprint, one wonders who was behind its publishing. So if we look into The Economistmagazine, we find it is headquartered just a few blocks from the City of London and is owned by The Economist Group, which itself is owned by some rather interesting characters…
“The Economist Group is 50% owned by Pearson PLC via The Financial Times Limited. The bulk of the remaining shares are held by individual shareholders including theCadbury, Rothschild, Schroder, Agnelli and other family interests as well as a number of staff and former staff shareholders.”
Beyond the Rothschild and Agnelli families, who are widely rumored to be part of the Illuminati, the Schroder family is particularly worth noting. The Schroders(also spelled Schroeder) are an old German ruling class family from Hamburg. One of the Schroder brood, Johann Heinrich Schroder, settled in London and founded J. Henry Schroder & Co. (now known simply as “Schroders,” one of the UKs largest investment banks) back in 1818. Later, in 1923, the firm expanded into New York by establishing J. Henry Schroder Banking Corporation. It is here that they joined with the Rockefeller family through Avery Rockefeller.
According to Avery’s bio…
“In 1928, Rockefeller joined the storied J. Henry Schroder Banking Corporation and became Assistant Treasurer in 1931. On 8 July 1936, Rockefeller co-founded Schroder, Rockefeller & Co., Inc. Its purpose was to take over the underwriting and general securities business formerly carried out by the J. Henry Schroder Banking Corporation.”
Schroder, Rockefeller & Co. is widely viewed as having been an integral part of the globalist bankers’ financial support infrastructure for the Nazis. And another of the Schroders, Johann Heinrich’s great-grandson, Baron Kurt von Schroeder(shown here in his Nuremberg picture)…
…played a pivotal role..
“Schroeder was an important member of the Freundeskreis der Wirtschaft, which provided Adolf Hitler and his party with enough financial support to survive through the early 1930s. He also hosted a critical meeting on 4 January 1933 between Papen and Hitler that eventually led to Hitler’s appointment as Chancellor of Germany.”
The Nazis had (and continue to have) deep ties to the Anglo-American banking establishment, and also to The Economist. So this article came from a publication connected to the supposed “Nazi/Zionist Cabal.” Keep this in mind as we take a look at what that Cabal’s supposed enemies, the Chinese, are saying about the currently-unfolding global financial drama.
The Blueprint Revealed
I recently ran across a China Daily article titled Bracing for next big financial crisis, written by Giles Chance (a former World Bank staffer who is a professor at the Guanghua School of Management at Peking University). I strongly recommend following the link and reading the entire article, because it succinctly lays out the globalist plans and talking points for the next economic crisis. Once you correct for the article’s spin, it tells you everything. Here are some select passages, with my commentary added in brackets…
>>> Above the central banks, including the PBOC [People’s Bank of China], stands the Bank of International Settlements in Basel, Switzerland, which oversees the activities of national banking and monetary systems. The integration of markets and economies in a globalized world has given the BIS an increasingly important role in providing global financial stability… <<<
[So here we have a Chinese propaganda organ telling us that the BIS is in charge of all the central banks, including China’s. This is in spite of the fact that the BIS was a joint creation of the London bankers and the Nazis (who are supposedly the bad guys the BRICS are fighting). I will share more about the BIS later in the article.]
>>> In 2007, the year before the financial crash, the BIS warned that the global financial system was becoming overstretched and that the banking systems in the developed world were coming under pressure. But although the BIS has great influence, it does not have the power to compel any central bank. It can advise and warn, but it cannot give orders, and it does not issue its own money. As we know, the Federal Reserve Bank of New York and the European Central Bank in Brussels did not act on the well-timed warning from the BIS. <<<
[This passage establishes the BIS’s wisdom and foresight, as opposed to the foolishness of the national central banks. It also carries the implication that the BIS should be given the power to compel the national central banks to follow its wise guidance. Not mentioned is the fact that the financial crash was deliberately triggered by the very bankers he’s writing about, and that the foolishness of the national central banks’ responses was quite calculated. It allowed the banksters to harvest enormous wealth from the public and set up the pretext for the global institutions to step in and “provide stability.”]
>>> Against that background, you would expect today that if the BIS issued another warning, the world would pay attention. At the end of June, BIS General Manager Jaime Caruana gave a speech at its headquarters that contained a strong note of caution: “A new policy compass is needed to help the global economy step out of the shadow of the global financial crisis…” <<<
[By “a new policy compass,” he means a transition from the current dollar-based global financial system to the new, more centralized SDR-based multipolar/multilateral financial system]
>>> In his speech, Caruana blamed the continued dependence by the advanced economies, led by the United States, on ultra-loose monetary policy in place of the necessary deep-seated structural changes. <<<
[Here, he’s setting up the Federal Reserve (and the EU and Japan) to take the blame.]
>>> Caruana’s warning was reinforced by William White, head of the Economic Review and Development Committee at the headquarters of the Organization for Economic Co-operation and Development in Paris. As one of the very few experts who accurately forecast the 2008 crash, while head of research at the BIS, White is listened to with respect around the world.
In a recent interview, he said: “Riskfree bond rates are at enormously low levels, spreads are very low … it all looks and feels like 2007. And frankly, I think it’s worse than 2007…” <<<
[Here, another “wise” person from the BIS is warning that we’re approaching another financial crisis (that he and his buddies are engineering). It’s pretty easy to be a forecaster when you’re in on the plan. So if this year looks and feels like 2007, will next year be the next 2008?]
>>> But the US Federal Reserve Bank, the controller of the dollar-based global economy, does not agree with the BIS or William White. Several days after Caruana’s speech, Fed Governor Janet Yellen made it clear that she does not think thatextremely low interest rates were the main culprit in the 2008 financial crisis, nor constitute the main problem now. <<<
[This is a very instructive passage. Note how the author specifically mentions the “dollar-based global economy.” Also note how he again paints the Federal Reserve as the morons who won’t listen to the sage globalists at the BIS. In this, he is setting up Janet Yellen for her upcoming scapegoat role, and he is tying interest rates to what will bring her down. The author says all this while failing to disclose that Janet Yellen is a member of the Board of Directors of the BIS, as is PBOC governor Zhou Xiaochuan]
>>> The disagreement between these two powerful financial institutions, the BIS and the New York Federal Reserve, has increased the risk that markets will crash as interest rates rise. Can China’s stability withstand another financial crash? Or would China emerge stronger? <<<
[Bingo! Here we are shown the trigger for the next financial crisis: Yellen will raise interest rates either “too soon” or by “too much” and crash the markets. “If only the wise BIS had had the power to rein in the Fed’s foolishness sooner, we could have avoided this,” they’ll say. Now let’s read on and see if China will emerge stronger.]
>>> China certainly has economic problems… But the forward-looking, courageous determination of its government to grasp some important nettles in its economic reform program will make it a key part of any solution to another Western financial crisis. <<<
[Here, the author does the requisite ass-kissing to his Chinese hosts, then boldly states that China will be “a key part of any solution to another Western financial crisis.” Solution, as in problem – reaction – solution. And the article has already shown us who caused the problem part of the equation: the unruly Western central banks, especially the Fed.]
>>> With the BIS and the US Federal Reserve Bank on opposite sides of the fence about global financial stability, the likelihood of another global financial crisis grows. But next time would indeed be different, because Western taxpayers would refuse to pay for another huge bank bailout, as they did in 2008-09. <<<
[So again, in case you missed it: BIS = good = wise = solution and US Federal Reserve Bank = bad = problem = another global financial crisis.]
>>> The emerging world, led by China, is economically in a much stronger position relative to the advanced countries than six years ago. Although in 2009 China may not have expected its sudden promotion to world power status, the country’s emergence since the crash as a global pillar of growth has significantly increased its global influence. <<<
[China didn’t expect its promotion to world power status? Au contraire, they knew it was coming because the globalists promised it to them, just like they promised what comes next…]
>>> Another crash on Wall Street would reinforce the attraction of the renminbi as a store of value and anchor of stability for other regional currencies…
It would underpin China’s global appeal as a peaceful force for stability in a volatile and troubled world, and hasten the re-engineering of shareholding in the major organizations of global governance, particularly at the World Bank and the IMF. Prepared or not, in the event of another crash China would find itself in a position of even greater global leadership and responsibility than today. <<<
[So here we are told that the next crash will be China’s gateway to top dog status, and it will “hasten the re-engineering of shareholding in the major organizations of global governance, particularly at the World Bank and the IMF.” This is exactly what I’ve been warning about. When the next crash comes, watch them break out their gold and other commodities to underwrite the global financial system in exchange for the governance changes.]
Now that we are done de-spinning the article, there are two things it brings up that deserve to be examined: the BIS and the Fed’s raising of interest rates…
The Bank for International Settlements (BIS)
This is the cover art for the BIS Archive Guide…
…It proudly features Montagu Norman (the Bank of England Governor from 1920-1944, circled in pink) and Hjalmar Schacht (the President of the Reichsbank from 1923-31 and 1933-39, and Hitler’s Economics Minister from 1934 – 1937, circled in red). You’ll hear more about these two a little later in the article. But first, let’s have a look at a little piece of BIS history…
>>> Between 1933 and 1945 the BIS board of directors included Walther Funk, a prominent Nazi official, and Emil Puhl, who were both convicted of war crimes at the Nuremberg trials after World War II, as well as Hermann Schmitz, the director of IG Farben, and Baron [Kurt] von Schroeder, the owner of the J.H.Stein Bank, which held the deposits of the Gestapo. There were allegations that the BIS had helped the Germans loot assets from occupied countries during World War II.
As a result of these allegations, at the Bretton Woods Conference held in July 1944, Norway proposed the “liquidation of the Bank for International Settlements at the earliest possible moment”. This resulted in the BIS being the subject of a disagreement between the American and British delegations. The liquidation of the bank was supported by other European delegates, as well as the United States (including Harry Dexter White, Secretary of the Treasury, and Henry Morgenthau), but opposed by John Maynard Keynes, head of the British delegation.
Fearing that the BIS would be dissolved by President Franklin Delano Roosevelt, Keynes went to Morgenthau hoping to prevent the dissolution, or have it postponed, but the next day the dissolution of the BIS was approved. However, the liquidation of the bank was never actually undertaken. In April 1945, the new U.S. president Harry S. Truman and the British government suspended the dissolution, and the decision to liquidate the BIS was officially reversed in 1948. <<<
So why were the British bankers so opposed to shutting down a bank with strong Nazi ties, you ask? Well, have a look at this UK Telegraph article (use this Internet Archive link if the direct link isn’t working)…
I recommend reading the whole article, as it contains more juicy information than I can include in this post. Here are the most relevant excerpts for the topic at hand (with my comments in brackets)…
>>> The BIS was founded in 1930, in effect by Montagu Norman and his close friend Hjalmar Schacht, the former president of the Reichsbank, known as the father of the Nazi economic miracle. Schacht even referred to the BIS as “my” bank. The BIS is a unique hybrid: a commercial bank protected by international treaty. Its assets can never be seized, even in times of war. It pays no taxes on profits…
A key sentence in the Bank of England documents is found on page 1,295. It reads:“The general attitude of the Bank of England directors of the BIS during the war was governed by their anxiety to keep the BIS to play its part in the solution of post-war problems”… [the bankers created the problem (World War 2), and they used the BIS to institute their solution (more centralized control of the world’s financial systems)]
…And here the secret history of the BIS and its strong relationship with the Bank of England becomes ever more murky.
During the war the BIS proclaimed that it was neutral, a view supported by the Bank of England. In fact the BIS was so entwined with the Nazi economy that it helped keep the Third Reich in business. It carried out foreign exchange deals for the Reichsbank; it accepted looted Nazi gold; it recognised the puppet regimes installed in occupied countries, which, together with the Third Reich, soon controlled the majority of the bank’s shares.
Indeed, the BIS was so useful for the Nazis that Emil Puhl, the vice-president of the Reichsbank and BIS director, referred to the BIS as the Reichsbank’s only “foreign branch”…
Every other month it hosts the Global Economy Meetings, where 60 of the most powerful central bankers, including Mark Carney, Governor of the Bank of England, meet. No details of meetings are released, even though the attendees are public servants, charged with managing national economies.
The BIS also hosts the Basel Committee on Banking Supervision, which regulates commercial banks, and the new Financial Stability Board, which coordinates national regulatory authorities. The BIS has made itself the central pillar of the global financial system. <<<
Speaking of these Global Economy Meetings, guess who attends them? According to the BIS website…
“The GEM comprises the Governors of 30 BIS member central banks in major advanced and emerging market economies that account for about four fifths of global GDP. The members of the GEM are the central bank Governors from Argentina, Australia, Belgium, Brazil, Canada, China, France, Germany, Hong Kong SAR, India, Indonesia, Italy, Japan, Korea, Malaysia, Mexico, the Netherlands, Poland, Russia, Saudi Arabia, Singapore, South Africa, Spain, Sweden, Switzerland, Thailand, Turkey, the United Kingdom and the United States and also the President of the European Central Bank and the President of the Federal Reserve Bank of New York. Governors from several other central banks attend the GEM as observers.”
So as you can see, beyond the public theater offered in Ukraine and the Middle East, and beyond all the East versus West propaganda offered in the mainstream and alternative media, China and the BRICS are dancing to the tune of the BIS puppetmasters just like everyone else. There is NO CONFLICT between “Nazi/Zionist” transatlantic bankers and BRICS bankers. In fact, Chinese and Russian banks (along with everyone else) are in the process of implementing the Basel 3 bank reforms put out by the Basel Committee on Banking Supervision, which is hosted by the BIS.
According to this China Daily article…
“Under China’s implementation of Basel III guidelines, systemically important banks need a minimum Tier 1 capital ratio of 9.5 percent, with total buffers of 11.5 percent, before the end of 2018.”
…and according to this Russia Today article…
“Basel III – a new set of global banking standards scheduled to come into force in Russia this year – should become another stimulus for the country’s lenders to rely on its own funds rather than State support. One of the key Basel III requirements is tighter rules for a banks’ own capital.”
The whole East versus West propaganda campaign is aimed at giving the hypnotized public a fairytale storyline for all the changes they’re going through. It also offers them scapegoats on whom they can pin all their problems. The international bankers are going to crash the current system and blame it on the Federal Reserve, then they’re going to introduce the BRICS as the heroes who save the day.
In fact, part of the purpose for the recent creation of the BRICS Bank is to give the BRICS a lifeboat while the West founders from the crash. The BRICS Contingent Reserve Arrangement…
“is a framework for the provision of support through liquidity and precautionary instruments in response to actual or potential short-term balance of payments pressures.
The objective of this reserve is to provide protection against global liquidity pressures. This includes currency issues where members’ national currencies are being adversely affected by global financial pressures.
The Bank would also provide assistance to other countries suffering from the economic volatility in the wake of the United States’ exit from its expansionary monetary policy.“
All this being said, when will the crash begin, and how long will it last? Given that the last crash lasted from 2007-2009 and contained a shocking “Lehman Moment,” it stands to reason that the next crash would also be a slow-motion train wreck with an even more shocking Lehman Moment. If the propaganda setup for the collapse is any indicator, the train wreck and New Lehman Moment will involve the raising of the Fed interest rate by Janet Yellen and perhaps a black swan event like a false-flag cyberattack or terrorist attack.
Looking at the interest rate component, the Fed will be meeting this Tuesday and Wednesday (September 16-17), and that could give us an indication of when things might kick off. The general consensus of the Fed watchers seems to be that interest rates will go up starting in the summer of 2015, with some estimates saying as early as March 2015. Will this start the train wreck? And since the BRICS bank isn’t scheduled to start lending until 2016, the New Lehman might not happen till then. But then again, they can always surprise us.
[Update 1 – Will be published tomorrow
February 25th, 2015 by olddog
A Joint Initiative of GordonTLong.com and CliffKule.com
CURRENT FINANCIAL REPRESSION INITIATIVES
(MONEY MARKET FUND GATES (SEC REGULATIONS)
- **FRA POST: Central-Planners Herd Money Market Funds Into Government Financing
- **FRA POST: Fund managers now have the Legal Right to ‘suspend redemptions’ by the you on your Money Market Funds
- “Redemption Gates” for Money Market Funds Acting Man –“The adoption of ‘redemption gates’ effectively means that money market fund boards will be able to suspend the property rights of their customers. Once again, this creates a big disadvantage for the money market fund industry in favor of banks, since demand deposits will continue to lack such ‘redemption gates’, in spite of the fact that banks are de facto unable to actually pay out all demand deposits, or even a large portion of them, ‘on demand’. It is an interesting detail that retail customers are to be exempt from this regulation based on the idea that they are basically too addled to react to crisis conditions. Why are such regulations held to be required at all? Are regulators implying that the system has not been ‘made safe’ by adopting several telephone book-sized tomes of additional regulations?”
- SEC Votes Through Money Market Exit Gates Zero Hedge — the SEC has adopted the news rules designed to curb the risk of money market investor runs .. “Among the changes, funds will have to switch to a floating share price instead of the current $1/share (hence the term breaking the buck). But the key part: ‘The SEC’s rule will require prime money market funds to move from a stable $1 per share net asset value, to a floating NAV. It also will let fund boards lower redemption ‘gates’ and fees in times of market stress.” .. suggests this may send money market investor rushing out & into other asset classes – the SEC, the Federal Reserve & the U.S. Treasury hope that asset class is stocks to keep the stock market rising .. “Clearly, everyone understand that the only purpose behind implementing ‘gates’ is to redirect the herd. And with some $2.6 trillion in assets, money markets can serve as a convenient source of ‘forced buying’ now that QE is tapering if only for the time being. The only question is whether the herd will agree to this latest massive behavioral experiment by the Fed, and allocate their funds to a stock market which is now trading at a higher P/E multiple than during the last market peak.”
- ALERT: Pull Your Money From Money Markets Now! Economic Policy Journal
- U.S. SEC poised to adopt reforms for money market funds Reuters
- Fund managers on alert over money market shake-up FT -The SEC is looking to drive money market funds to only government securities, especially institutional money market funds – this means money market funds will be helping to pay for the government debt .. The SEC is also planning to allow fees and restrictions on redemptions in times of stress, but it is not clear how widely these will be applied across the money markets – FT: “Any restrictions on redemptions may not be severe at first, but the regulations will only become more restrictive over time. Don’t waste time thinking you are going to monitor the situation and get out later. Get out now, when the getting is easy.”
Do you know the difference between a money market fund and a money market account? CNBC Personal Finance Reporter Sharon Epperson explains the big difference
BAIL-IN (GLOBAL – G20 LEGISLATION)
- Australia: ‘Bail in’ Rules May Be Inevitable In Australia - August 22, 2014 Bail in’ rules may be inevitable, says David Murray of the Financial Systems Inquiry Chair in Australia .. “It appears there’s a wide consensus that bail-in would considerably expand the buffer, would further assist in the mechanisms for the protection of depositors, and importantly would create a system where it is less likely that the government would be dragged into a crisis.” .. Australia may have little choice but to adopt “bail-in” rules that expose bank creditors to losses, due to our dependence on foreign capital .. more financial repression.
- Canada: Department Of Finance Releases Proposal For Canadian Bail-In Regime Canada’s government is looking to implement a bail-in regime to limit exposure to a government bailout – the idea is for troubled banks to shaft bank depositors of their bank deposits first .. “The G-20, including Canada, endorsed the Financial Stability Board’s Key Attributes of Effective Resolution Regimes for Financial Institutions in 2011, a set of best practices for the resolution of financial institutions which contemplates the establishment of a bail-in regime.”
**FRA POST: Federal Reserve & Congress Talk “ENHANCED PRUDENTIAL STANDARDS”
CAPITAL CONTROLS (CASEY RESEARCH ON COMING CAPITAL CONTROLS)
**FRA POST: Indebted Governments Will Resort To Capital Controls
1: IMF Endorses Capital Controls
Bloomberg reported in December 2012 that the “IMF has endorsed the use of capital controls in certain circumstances.“ This is particularly important because the IMF, arguably an even more prominent institution since the global financial crisis started, has always had an official stance against capital controls. “In a reversal of its historic support for unrestricted flows of money across borders, the IMF said controls can be useful…” Will individual governments jump on this bandwagon? “It will be tacitly endorsed by a lot of central banks,”says Boston University professor Kevin Gallagher. If so, it could be more than just your home government that will clamp down on storing assets elsewhere.
2: There Is Academic Support for Capital Controls
Many mainstream economists support capital controls. For example, famed Harvard Economists Carmen Reinhart and Ken Rogoff wrote the following earlier this year:
Governments should consider taking a more eclectic range of economic measures than have been the norm over the past generation or two. The policies put in place so far, such as budgetary austerity, are little match for the size of the problem, and may make things worse. Instead, governments should take stronger action, much as rich economies did in past crises.
Aside from the dangerously foolish idea that reining in excessive government spending is a bad thing, Reinhart and Rogoff are saying that even more massive government intervention should be pursued. This opens the door to all kinds of dubious actions on the part of politicians, including—to my point today—capital controls.
“Ms. Reinhart and Mr. Rogoff suggest debt write-downs and ‘financial repression’, meaning the use of a combination of moderate inflation and constraints on the flow of capital to reduce debt burdens.” The Reinhart and Rogoff report basically signals to politicians that it’s not only acceptable but desirable to reduce their debts by restricting the flow of capital across borders. Such action would keep funds locked inside countries where said politicians can plunder them as they see fit.
3: Confiscation of Savings on the Rise
“So, what’s the big deal?” Some might think. “I live here, work here, shop here, spend here, and invest here. I don’t really need funds outside my country anyway!” Well, it’s self-evident that putting all of one’s eggs in any single basket, no matter how safe and sound that basket may seem, is risky—extremely risky in today’s financial climate. In addition, when it comes to capital controls, storing a little gold outside one’s home jurisdiction can help avoid one major calamity, a danger that is growing virtually everywhere in the world: the outright confiscation of people’s savings.
The IMF, in a report entitled “Taxing Times,” published in October of 2013, on page 49, states: “The sharp deterioration of the public finances in many countries has revived interest in a capital levy—a one-off tax on private wealth—as an exceptional measure to restore debt sustainability.”
The problem is debt. And now countries with higher debt levels are seeking to justify a tax on the wealth of private citizens. So, to skeptics regarding the value of international diversification, I would ask: Does the country you live in have a lot of debt? Is it unsustainable? If debt levels are dangerously high, the IMF says your politicians could repay it by taking some of your wealth.
The following quote sent shivers down my spine…
The appeal is that such a task, if implemented before avoidance is possible and there is a belief that is will never be repeated, does not distort behavior, and may be seen by some as fair. The conditions for success are strong, but also need to be weighed against the risks of the alternatives, which include repudiating public debt or inflating it away.
The IMF has made it clear that invoking a levy on your assets would have to be done before you have time to make other arrangements. There will be no advance notice. It will be fast, cold, and cruel. Notice also that one option is to simply inflate debt away. Given the amount of indebtedness in much of the world, inflation will certainly be part of the “solution,” with or without outright confiscation of your savings. (So make sure you own enough gold, and avoid government bonds like the plague.)
Further, the IMF has already studied how much the tax would have to be: The tax rates needed to bring down public debt to pre-crisis levels are sizable: reducing debt ratios to 2007 levels would require, for a sample of 15 euro area countries, a tax rate of about 10% on households with a positive net worth. Note that the criterion is not billionaire status, nor millionaire, nor even “comfortably well off.” The tax would apply to anyone with a positive net worth. And the 10% wealth-grab would, of course, be on top of regular income taxes, sales taxes, property taxes, etc.
4: We Like Pension Funds
Unfortunately, it’s not just savings. Carmen Reinhart (again) and M. Belén Sbrancia made the following suggestions in a 2011 paper:
Historically, periods of high indebtedness have been associated with a rising incidence of default or restructuring of public and private debts. A subtle type of debt restructuring takes the form of ‘financial repression.’ Financial repression includes directed lending to government by captive domestic audiences (such as pension funds), explicit or implicit caps on interest rates, regulation of cross-border capital movements, and (generally) a tighter connection between government and banks.
Yes, your retirement account is now a “captive domestic audience.” Are you ready to “lend” it to the government? “Directed” means “compulsory” in the above statement, and you may not have a choice if “regulation of cross-border capital movements”—capital controls—are instituted.
5: The Eurozone Sanctions Money-Grabs
Germany’s Bundesbank weighed in on this subject last January:
“Countries about to go bankrupt should draw on the private wealth of their citizens through a one-off capital levy before asking other states for help.”
The context here is that of Germans not wanting to have to pay for the mistakes of Italians, Greeks, Cypriots, or whatnot. Fair enough, but the “capital levy” prescription is still a confiscation of funds from individuals’ banks or brokerage accounts.
Here’s another statement that sent shivers down my spine:
A capital levy corresponds to the principle of national responsibility, according to which tax payers are responsible for their government’s obligations before solidarity of other states is required.
The central bank of the strongest economy in the European Union has explicitly stated that you are responsible for your country’s fiscal obligations—and would be even if you voted against them! No matter how financially reckless politicians have been, it is your duty to meet your country’s financial needs.
This view effectively nullifies all objections. It’s a clear warning.
And it’s not just the Germans. On February 12, 2014, Reuters reported on an EU commission document that states:
The savings of the European Union’s 500 million citizens could be used to fund long-term investments to boost the economy and help plug the gap left by banks since the financial crisis.
Reuters reported that the Commission plans to request a draft law, “to mobilize more personal pension savings for long-term financing.”
EU officials are explicitly telling us that the pensions and savings of its citizens are fair game to meet the union’s financial needs. If you live in Europe, the writing is on the wall.
Actually, it’s already under way… Reuters recently reported that Spain has
…introduced a blanket taxation rate of .03% on all bank account deposits, in a move aimed at… generating revenues for the country’s cash-strapped autonomous communities.
The regulation, which could bring around 400 million euros ($546 million) to the state coffers based on total deposits worth 1.4 trillion euros, had been tipped as a possible sweetener for the regions days after tough deficit limits for this year and next were set by the central government.
Some may counter that since Spain has relatively low tax rates and the bail-in rate is small, this development is no big deal. I disagree: it establishes the principle, sets the precedent, and opens the door for other countries to pursue similar policies.
6: Canada Jumps on the Confiscation Bandwagon
You may recall this text from last year’s budget in Canada:
“The Government proposes to implement a bail-in regime for systemically important banks.”
A bail-in is what they call it when a government takes depositors’ money to plug a bank’s financial holes—just as was done in Cyprus last year.
This regime will be designed to ensure that, in the unlikely event a systemically important bank depletes its capital, the bank can be recapitalized and returned to viability through the very rapid conversion of certain bank liabilities into regulatory capital.
What’s a “bank liability”? Your deposits. How quickly could they do such a thing? They just told us: fast enough that you won’t have time to react.
By the way, the Canadian bail-in was approved on a national level just one week after the final decision was made for the Cyprus bail-in.
Have you considered why the Foreign Account Tax Compliance Act was passed into law? It was supposed to crack down on tax evaders and collect unpaid tax revenue. However, it’s estimated that it will only generate $8.7 billion over 10 years, which equates to 0.18% of the current budget deficit. And that’s based on rosy government projections.
FATCA was snuck into the HIRE Act of 2010, with little notice or discussion. Since the law will raise negligible revenue, I think something else must be going on here. If you ask me, it’s about control.
In my opinion, the goal of FATCA is to keep US savers trapped in US banks and in the US dollar, in case the US wants to implement a Cyprus-like bail-in. Given the debt load in the US and given statements made by government officials, this seems like a reasonable conclusion to draw.
This is why I think that the institution of capital controls is a “when” question, not an “if” one. The momentum is clearly gaining steam for some form of capital controls being instituted in the near future. If you don’t internationalize, you must accept the risk that your assets will be confiscated, taxed, regulated, and/or inflated away.
What to Expect Going Forward
- First, any announcement will probably not use the words “capital controls.”It will be couched positively, for the “greater good,” and words like “patriotic duty” will likely feature prominently in mainstream press and government press releases. If you try to transfer assets outside your country, you could be branded as a traitor or an enemy of the state, even among some in your own social circles.
- Controls will likely occur suddenly and with no warning. When did Cyprus implement their bail-in scheme? On a Friday night after banks were closed. By the way, prior to the bail-in, citizens were told the Cypriot banks had “government guarantees” and were “well-regulated.” Those assurances were nothing but a cruel joke when lightning-fast confiscation was enacted.
- Restrictions could last a long time. While many capital controls have been lifted in Cyprus, money transfers outside the country still require approval from the Central Bank—over a year after the bail-in.
- They’ll probably be retroactive.Actually, remove the word “probably.” Plenty of laws in response to prior financial crises have been enacted retroactively. Any new fiscal or monetary emergency would provide easy justification to do so again. If capital controls or savings confiscations were instituted later this year, for example, they would likely be retroactive to January 1. For those who have not yet taken action, it could already be too late.
- Social environment will be chaotic.If capital controls are instituted, it will be because we’re in some kind of economic crisis, which implies the social atmosphere will be rocky and perhaps even dangerous. We shouldn’t be surprised to see riots, as there would be great uncertainty and fear. That’s dangerous in its own right, but it’s also not the kind of environment in which to begin making arrangements.
- Ban vs. levy. Imposing capital controls is a risky move for a government to make; even the most reckless politicians understand this. That won’t stop them, but it could make them act more subtly. For instance, they might not impose actual bans on moving money across borders, but instead place a levy on doing so. Say, a 50% levy? That would “encourage” funds to remain inside a given country. Why not 100%? You could be permitted to transfer $10,000 outside the country—but if the fee for doing so is $10,000, few will do it. Such verbal games allow politicians to claim they have not enacted capital controls and yet achieve the same effect. There are plenty of historical examples of countries doing this very thin
Keep in mind: Who will you complain to? If the government takes a portion of your assets, legally, who will you sue? You will have no recourse. And don’t expect anyone below your tax bracket to feel sorry for you.
POLICY CONTROLS (Monetary, Fiscal, Public & Tax Policy)
- January 2015 Financial Repression – New IMF Paper on The Liquidation of Government Debt New IMF paper by Carmen Reinhart & M. Belen Sbrancia .. presents how public debt is often reduced through the use of financial repression – a tax on bondholders & savers via negative or below market real interest rates .. from abstract:High public debt often produces the drama of default and restructuring. But debt is also reduced through financial repression, a tax on bondholders and savers via negative or below-market real interest rates. After WWII, capital controls and regulatory restrictions created a captive audience for government debt .. Financial repression is most successful in liquidating debt when accompanied by inflation. For the advanced economies, real interest rates were ne gative ½ of the time during 1945–1980. Average annual interest expense savings for a 12—country sample range from about 1 to 5% of GDP for the full 1945–1980 period. We suggest that, once again, financial repression may be part of the toolkit deployed to cope with the most recent surge in public debt in advanced economies.”
- October 2014 – Financial Repression is Very Low Interest Rates for a Very Long Time The 16th annual Geneva Report by the International Centre for Monetary and Banking Studies & written by senior economists including 3 former senior central bankers, predicts interest rates across the world will have to stay low for a “very, very long” time to enable households, companies, & governments to service their debts and avoid another crash .. The report’s authors expect interest rates to stay lower than market expectations because the rise in debt means that borrowers would be unable to withstand faster rate rises .. “Global debt-to-GDP is still growing, breaking new highs .. At the same time, in a poisonous combination, world growth and inflation are also lower than previously expected, also – though not only – as a legacy of the past crisis. Deleveraging and slower nominal growth are in many cases interacting in a vicious loop, with the latter making the deleveraging process harder and the former exacerbating the economic slowdown. Moreover, the global capacity to take on debt has been reduced through the combination of slower expansion in real output and lower inflation.”
- October 2014 – Financial Repression is the likely approach for Governments to pay down debt Great insightful article on financial repression by Daniel Amerman .. questions how the U.S. federal government can pay down its enormous debt .. sees 4 primary options that the government can take: 1) Decades of austerity with higher taxes and lower government spending. 2) Defaulting on government debts. 3) Inflating away the value of the debt through rapidly slashing the value of the currency. 4) Using “Financial Repression”, a process that is complex enough that the average voter never understands how it works, thus allowing governments to use this potent but subtle method of taking vast sums of private wealth, year after year, decade after decade, with almost no political consequences. The essay reminds readers the 4th option is the likely approach, points out the world took this approach in the 1940s through the 1970s to pay down government debt .. “Because of the sheer size of the problem – most of the population must be made to participate, year after year. Financial Repression therefore uses an assortment of carrots and sticks to ensure that investors have little choice but to participate – on a playing field that has been rigged against them as a matter of design – even if they are among the small minority who are aware of what is being done to them.”The essay covers 4 areas of financial repression: 1) Inflation (Shearing #1) 2) Negative Real Interest Rates (Shearing #2) 3) Funding By Financial Institutions (Fence #1). 4) Capital Controls (Fence #2).
- September 2014 – Governments Implementing Financial Repression International Man article on how western world indebted governments need money, how they will protect the big banks at the expense of the citizens with financial repression .. The International Monetary Fund (IMF) published a horrifying paper, called The Fund’s Lending Framework and Sovereign Debt. That paper in turn was based on one from December 2013, called Financial and Sovereign Debt Crises: Some Lessons Learned and Those Forgotten .. The December 2013 document, right at the start, says that financial repression is necessary: “The claim is that advanced countries do not need to resort to the standard toolkit of emerging markets, including debt restructurings and conversions, higher inflation, capital controls and other forms of financial repression .. As we document, this claim is at odds with the historical track record of most advanced economies, where debt restructuring or conversions, financial repression, and a tolerance for higher inflation, or a combination of these were an integral part of the resolution of significant past debt overhangs.” .. The IMF report goes on to say: “Governments can stuff debt into local pension funds and insurance companies, forcing them through regulation to accept far lower rates of return than they might otherwise demand .. Domestic defaults, restructurings, or conversions are particularly difficult to document and can sometimes be disguised as ‘voluntary’ .. The Fund would be able to provide exceptional access on the basis of a debt operation that involves an extension of maturities .. That means that 30-day notes can be instantly turned into 30-year bonds.” – this last sentence means the ability to change 30-day notes into 30-year bonds, effectively holding the money captive for a much longer period of time
- Monetary Policy & Financial Repression in Britain, 1951 – 59 New book coming out by William Allen on Monetary Policy and Financial Repression in Britain, 1951 – 59 .. this book explores the politics of formulating monetary policy in the 1950s, the tools implementing it & discusses the parallels between the present monetary policy & that of 1951 .. “Drawing on official archives, this study describes how monetary policy was decided on, implemented and communicated at a time when the government was struggling with massive post-war debts while maintaining welfare and military spending and cutting taxes. It discusses the roles of the Governor of the Bank of England, Cameron Cobbold, and of successive Chancellors R.A. Butler, Harold Macmillan, Peter Thorneycroft and Derick Heathcoat Amory, and Macmillan’s continued dominance of monetary policy after he became Prime Minister. It explains the intimate relationships between monetary policy, government debt management and fiscal policy, and the use of ‘financial repression’.”
- Low Interest Rates & Inflation To Address Financial Repression Article points out the worse things get on the European financial/economic crisis, the more pressure there is on the European Central Bank (ECB) to print money – stocks will likely go up as this happens on the anticipation that the ECB will given in & start money printing .. “The ECB would print money and use it to buy eurozone government bonds, in order to prop up the region’s banking sector, and to encourage more risk-taking by lenders and investors. Of course, any hint of more money-printing always cheers the market, and European stocks reacted well to the news.” .. the article points to how U.S. & UK stocks have similarly reacted positively on all the money printing .. whether all this money is good for the economy or whether it even benefits the economy in any positive way is another question .. the article emphasizes the approach of financial repression taken by the U.S. & UK in keeping interest rates down & allowing inflation to rise in order to pay off some government debt via inflation, rather than by defaulting or cutting back spending .. most western world governments are in this bind, so that “we could see interest rates staying lower than markets expect for some time. And in the longer run, we could see a lot more inflation than we’ve been used to as well” .. in terms of investing, the article suggests sticking with countries that are looking to do more money printing & that have relatively inexpensive stock markets, such as Europe or Japan.
- This Is Going To Destabilize The Entire World Financial System Ronald-Peter Stoferle, Incrementum AG “Bond prices in practically all industrialized nations are near all-time highs. Never before have interest rates been this low on a global basis. If one examines these events more closely, it becomes clear that the underlying problems cannot be solved by global zero interest rate policy, but that the natural selection process of the market is instead being undermined .. Interest rates are the heart, soul and life of the free enterprise system .. This truth is however veiled and distorted at the moment. Governments, financial institutions, entrepreneurs and consumers that are acting in an uneconomic manner are thus kept artificially afloat. As a result, instead of them being punished for their errors, these errors are perpetuated. Protraction of this process of selection leads to a structural weakening of the economy, and a concomitant increase in the system’s fragility .. Declining interest rate levels make a gradual increase in public indebtedness possible, while the interest burden (as a share of government spending) does not grow .. Without negative real interest rates, the steadily growing mountains of debt would long ago have ceased to be sustainable. Central banks are increasingly prisoners of the policy of over-indebtedness .. Central banks and governments are currently trying to create an increase in prosperity out of nothing. Such a monetary perpetuum mobile would be quite desirable for humankind, however, historically such attempts have at best led to a brief sugar high followed by a major hangover.
- Alasdair Macleod On The Markets: Keep Calm & Carry On “Investment is now all about the trend and little else. You never have to value anything properly any more: just measure confidence. This approach to investing resonates with post-Keynesian economics and government planning. The expectations of the crowd, or its animal spirits, are now there to be managed. No longer is there the seemingly irrational behaviour of unfettered markets dominated by independent thinkers. Forward guidance is just the latest manifestation of this policy. It represents the triumph of economic management over the markets .. Doubtless there is a growing band of central bankers who believe that with this control they have finally discovered Keynes’s Holy Grail: the euthanasia of the rentier and his replacement by the state as the primary source of business capital. This being the case, last month’s dip in the markets will turn out to be just that, because intervention will simply continue and if necessary be ramped up .. But in the process, all market risk is being transferred from bonds, equities and all other financial assets into currencies themselves; and it is the outcome of their purchasing power that will prove to be the final judgement in the debate of markets versus economic planning.”
- The Fed’s Financial Repression At Work: How Big Blue Was Turned Into A Wall Street Slush Fund David Stockman – “IBM is a poster child for the ill-effects of the Fed’s financial repression. In effect, the Fed’s zero interest rate policies are telling big companies to issue truckloads of debt and use the proceeds to buyback shares hand-over-fist. That way fast money speculators on Wall Street are appeased by the resulting share price lift, and top executives collect bigger winnings on their stock options.”
- Time For Regime Change At The Eccles Building: Interest Rate Pegging Is Destroying Capitalism 07-13-14 David Stockman
- BoJ To Engage In ‘Financial Repression'; We Stay Long USD/JPY – BNPP 07-11-14 eFX News “Japan now has one of the highest inflation rates in the G10. Our economists expect the BoJ to engage in ‘financial repression’ to restrain the rise in JGB yields that results from Japan’s fiscal dynamics,” BNPP says as a rationale behind this view. “A larger overshoot in Japan’s inflation rate would also see the yen weaken. If inflation gets out of hand, we could, our economists suggest, see an ‘operation twist’ policy in Japan – similar to that witnessed in the US. This would entail aggressive purchases of JGBs coupled with interest rate hikes to stave off inflation. The resultant inversion in the yield curve, along with the upside shock to inflation, is a risk scenario for Japan and the ensuing adverse growth-inflation paradigm would necessarily entail a weaker yen,” BNPP argues. “In addition, a re-allocation in the government pension investment fund (GPIF) and a likely pick-up in Japanese outflows will mean JPY weakens,” BNPP adds.
- Expropriation Is Back – Is Christine Lagarde The Most Dangerous Woman In The World? Zero Hedge
- Norway Sovereign Wealth Fund Unveils “New Strategy” – Buy 5% Of Every European Stock 06-24-14
- Boston Consulting Group Study September 2011
- Financial and Sovereign Debt Crises: Some Lessons Learned and Those Forgotten - December 2013 IMF
- Extending Maturities on Bonds - 05-22-14 IMF
MyRA – More About Getting Votes Than Helping Middle Class
The Three Stooges Debunk myRA – Zero Hedge
The MyRA Propaganda Begins A Start To A Secure Retirement Promises Treasury Secretary
Obama To Unveil Treasury IRAs, Or Planning For A Post-Monetization World
The Next Shoe To Drop On Your Retirement Account
Default, Deflation and Financial Repression
ECB Seriously Considering Negative Interest Rates; New Central Bank Mottos
First It Was Bail-Ins And Now EU Sees “Personal Pension Savings” As “Plug” For Banks
Furious Backlash Forces HSBC To Scrap Large Cash Withdrawal Limit
We Are From The Government And We Are Here To Offer You A No Risk, Guaranteed Return Investment Product
Theft Is Deflationary – Especially The Crony-CapitalistState Kind
When Saving Interest Rates Go Negative
REGULATORY CONTROLS & ENFORCEMENT
- U.S. Pushing Banks On Dodd-Frank Act To Make It Easier For Government To FREEZE YOUR MONEY – Financial Repression Via Regulations “The U.S. wants big banks to simplify their Dodd-Frank Act resolution plans so it’s easier for government to freeze your money.” .. Bloomberg reports on the progress made by Wall Street banks developing their “living wills” as part of the Dodd-Frank Act legislation attempting to minimize “too big to fail” banks .. Bloomberg: “The Federal Reserve and Federal Deposit Insurance Corp. told 11 of the largest U.S. and foreign banks, including JP Morgan Chase & Co. (JPM) and Goldman Sachs Group Inc. (GS), that they botched their so-called living wills. The agencies ordered the banks to simplify their legal structures and revise some practices to make sure they can collapse without damaging the wider financial system.” Jim Rickards:
- Fischer worries about macroprudential policy- 07-10-14 FT Mr Fischer’s most interesting remarks relate to his experience with macroprudential policy in Israel. Israel’s bank supervisor used a range of tools to restrict mortgage lending and try to avert a housing bubble. Mr Fischer draws three lessons:
- Prohibiting Banks From Paying Interest On Demand Deposits Regulation Q
- Basel Accord II and III – 05-16-14 Cliff Küle
PUBLIC & PRIVATE PRESSURES & PENALTIES
Charting The Death Of The Saver
Placing the Government Debt on the back off Savers & Pensioners
(ie the 75M Baby Boomers About to Retire)
February 24th, 2015 by olddog
NOTES FROM THE FIELD
By Simon Black
February 23, 2015
In 1494, a 47-year old Franciscan friar named Luca Pacioli invented something that was revolutionary.
Pacioli was, in fact, a friend and contemporary of Leonardo da Vinci, and the two collaborated frequently.
So you’re probably guessing that Pacioli was a co-designer in Leonardo’s famed flying machine, or a new architectural technique.
On the contrary.
Pacioli’s invention was the double-entry accounting system; in fact he’s known by bean counters today as the father of accounting.
This was a major and much needed innovation at the time.
In the 15th century, Italy was dominating global trade and commerce.
Yet unlike in the centuries before where merchants were primarily transporters and traders of exotic goods, 15th century merchants had essentially become proto-bankers whose primary business was extending and trading credit.
This was a major change in the way that business was done, and it absolutely demanded a new way to keep track of it all.
That’s exactly what Pacioli invented. And his system of accounting is still being used today, over 500 years later.
This was a seminal moment in business history—the near simultaneous birth and convergence of credit-based money, banking, and accounting that would eventually become the global financial system.
It revolutionized everything.
Back then, just as today, few people really understood it. And those who did were often clever enough to find loopholes in the system to hide their fraud. Especially banks.
There are some really stunning (and sometimes hilarious) examples of early banks who learned how to cook their books and misstate their capital using Pacioli’s system.
Curiously very little has changed. Banks still use accounting tricks to hide their true condition.
Bloomberg showcased one such technique last year, exposing the way that many US banks are rebooking their assets from “available for sale (AFS)” to the “held-to-maturity (HTM)” designation.
This is a very subtle move that means nothing to most people.
But to banks, it’s a highly effective way of concealing losses they’ve suffered in their investment portfolios.
Banks ordinarily buy bonds and other securities with the purpose of generating a return on that money until they have to, you know, give it back to their depositors.
That’s why they’re called “available for sale,” because the bank has to sell these assets to pay their depositors back.
But here’s the problem—many of these investments have either lost money, or they soon will be. And banks don’t want to disclose those losses.
So instead, they simply redesignate assets as HTM.
It’s like saying “I don’t care that these bonds aren’t worth as much money as when I bought them because I intend to hold them forever.”
Thing is, this simply isn’t true. Banks don’t have the luxury of holding some government bond for the next 30-years.
This is money they might have to repay their customers tomorrow, which makes the entire charade intellectually dishonest.
That doesn’t stop them.
JP Morgan alone boosted its HTM mortgage bonds from less than $10 million to nearly $17 billion (1700x higher) in just one year. This is a huge shift.
Nearly every big bank is doing this, and is doing it deliberately. This is no accident. And there’s only one reason to do it—to use accounting minutia to conceal losses.
But the accounting tricks don’t stop there. And in many cases they’re fueled by the government.
One recent example is how federal regulators created a new ‘rule’ which allows banks to consciously reduce the risk-weighting it assigns its assets.
The Federal Financial Institution Examination Council recently told banks that, “if a particular asset . . . has features that could place it in more than one risk category, it is assigned to the category that has the lowest risk weight.”
This gives banks extraordinary latitude to underreport the risk levels of their investments.
Bankers can now arbitrarily decide that a risky asset ‘has features’ of a lower risk asset, and thus they can completely misrepresent their investments.
Bottom line, it’s becoming extremely difficult to have confidence in western banks’ financial health.
They employ every trick in the book to overstate their capital ratios and understate their risk levels.
This, backed by a central bank that is borderline insolvent and a federal government that is entirely insolvent.
It certainly begs the question—is it really worth keeping 100% of your savings in this system?
I would respectfully suggest finding a new home for at least a portion of your savings.
After all, it’s 2015. You no longer need to bank in the same place as you live and work.
It’s possible to establish an account offshore—at a safe, stable, well-capitalized bank overseas in a country with no debt.
You might even find that the bank will pay you a reasonable interest rate that actually exceeds inflation (shocking!).
And in many cases you may be able to do all of this without leaving your living room.
It’s hard to imagine anyone would be worse off.
February 20th, 2015 by olddog
3 Minute Video
“The politicians are put there to give you the idea that you have freedom of choice. You don’t. You have no choice! You have OWNERS! They OWN YOU.”
But there’s a reason. There’s a reason. There’s a reason for this, there’s a reason education SUCKS, and it’s the same reason it will never, ever, EVER be fixed.
It’s never going to get any better, don’t look for it, be happy with what you’ve got.
Because the owners, the owners of this country don’t want that. I’m talking about the real owners now, the BIG owners! The Wealthy… the REAL owners! The big wealthy business interests that control things and make all the important decisions.
Forget the politicians. They are irrelevant. The politicians are put there to give you the idea that you have freedom of choice. You don’t. You have no choice! You have OWNERS! They OWN YOU. They own everything. They own all the important land. They own and control the corporations. They’ve long since bought, and paid for the Senate, the Congress, the state houses, the city halls, they got the judges in their back pockets and they own all the big media companies, so they control just about all of the news and information you get to hear. They got you by the balls.
They spend billions of dollars every year lobbying, lobbying, to get what they want. Well, we know what they want. They want more for themselves and less for everybody else, but I’ll tell you what they don’t want:
They don’t want a population of citizens capable of critical thinking. They don’t want well informed, well educated people capable of critical thinking. They’re not interested in that. That doesn’t help them. That’s against their interests.
That’s right. They don’t want people who are smart enough to sit around a kitchen table and think about how badly they’re getting fucked by a system that threw them overboard 30 fucking years ago. They don’t want that!
You know what they want? They want obedient workers. Obedient workers, people who are just smart enough to run the machines and do the paperwork. And just dumb enough to passively accept all these increasingly shitty jobs with the lower pay, the longer hours, the reduced benefits, the end of overtime and vanishing pension that disappears the minute you go to collect it, and now they’re coming for your Social Security money. They want your retirement money. They want it back so they can give it to their criminal friends on Wall Street, and you know something? They’ll get it. They’ll get it all from you sooner or later cause they own this fucking place! It’s a big club, and you ain’t in it! You, and I, are not in the big club.
By the way, it’s the same big club they use to beat you over the head with all day long when they tell you what to believe. All day long beating you over the head with their media telling you what to believe, what to think and what to buy. The table has tilted folks. The game is rigged and nobody seems to notice. Nobody seems to care! Good honest hard-working people; white collar, blue collar it doesn’t matter what color shirt you have on. Good honest hard-working people continue, these are people of modest means, continue to elect these rich cock suckers who don’t give a fuck about you….they don’t give a fuck about you… they don’t give a FUCK about you.
They don’t care about you at all… at all… AT ALL. And nobody seems to notice. Nobody seems to care. That’s what the owners count on. The fact that Americans will probably remain willfully ignorant of the big red, white and blue dick that’s being jammed up their assholes everyday, because the owners of this country know the truth.
It’s called the American Dream,because you have to be asleep to believe it.
February 17th, 2015 by olddog
By J.B. Williams
February 16, 2015
The state of our nations’ disunity is epic. Our once great nation is in an accelerating death spiral and nobody seems to know who to blame or what to do about it, no matter how obvious the answers to those questions.
Unfortunately, most Americans have been carefully trained to focus all attention on the election process, as the sole means of holding their “public servants” accountable for their misdeeds. Before one election ends, the next election campaign season begins, and the people find themselves trapped in a constant campaign state, as they repeatedly miss the forest for the trees.
When all else fails, return to the basics… Keep it simple, because the more complex the problems, the more simple the solutions must be. Complex solutions are never carried out. Simple solutions work…
In this case, we are experiencing a period in history when everything established by our Founders is under assault, most of it already destroyed. One needs to look no further than the preamble to the U.S. Constitution to confirm it, or beyond the Declaration of Independence to know what to do about it.
At Our Foundation
The people, through the consent of the colonies, created the Federal Government in the adoption of the U.S. Constitution and the people, stated for what purposes they created that system of self-governance in the preamble itself.
• In order to form a more perfect union;
• To establish Justice;
• To insure domestic tranquility;
• To provide for the common defense;
• To promote a general welfare;
• All of which is to secure the Blessings of Liberty to ourselves and our Posterity.
Everything that follows in the U.S. Constitution and Bill of Rights is erected for the sole purposes stated in the preamble, those six simple reasons for all of it. All six of those purposes have been violated by the Federal Government since, and so long as the people allow it to continue, they have no Representative Constitutional Republic and they never will have it again.
The Violations are Obvious and Many
To form a more perfect union? – Our country is divided more than at any previous time in our history. No matter whom we elect or who controls the chambers of Congress, the approval rating of the people remains in the single digits, indicating 90% disapproval, which might be the only thing Americans are actually united on today, although they will disagree on the reasons for that disapproval.
The current Administration is bouncing between 36-50% approval, depending upon which poll you believe and what day you look at the poll. At best, half of the people support the perceived direction of this administration and half stand totally opposed to the reality.
Nearly every Supreme Court opinion, unrestrained by the Supreme Law of our Land, is divided in a 5-4 “social justice” ruling, leaning slightly left or right of center depending on the issue at hand. No matter which branch of the Federal government we look at, the nation is totally divided on each, as are the branches themselves. We are no longer even trying to form a more perfect union. Our disunity has almost reached perfection…
To establish Justice? – Which justice are we talking about? Constitutional Justice, equal protection under the law, and equal application of our laws, governed by the Supreme Law of the Land? The solemn Oath to “faithfully execute the laws of the United States and to at all times protect and preserve the U.S. Constitution as the Supreme Law of this land?” – Or, social justice, the misuse and common law subversion of Constitutional law, allegedly for the “greater social good?”
What we have at the moment is worse than a totally lawless society. In a totally lawless society, anarchy, no one follows the laws and the will of the people can eventually prevail, just as it did following the anarchy leading up to the American Revolution.
What we have today is tyranny, wherein the common law-makers, interpreters and enforcers can operate completely outside of the law and beyond any constitutional authority with impunity. They make, interpret and enforce laws “unequally” between their loyal subjects and their dissenters, who think they are free to dissent in the open, until the I.R.S. seizes their assets, or until DHS labels them a “potential domestic terrorist,” or until they are lynched in public opinion by the complicit propaganda media.
There is NO honest effort to provide any form of Justice in America today. People are sitting in prison right now, without ever having broken any laws, some of them, without even a legitimate Grand Jury indictment for or legitimate prosecution of their alleged crimes, in direct violation of the Bill of Rights. The courts are no longer restrained by the written laws of Congress. They are free to make up their common law on a whim, to suit the political agenda of the Federal Government, of which they are a part.
To insure the Domestic Tranquility? – Are you kidding me? Race crimes are on the rise, most of it black on black crime, the rest a result of intentional race-baiting by this administration, its minions in congress, and the press, or fueled by an increasing sense of futility reaching from sea to sea. Islamic terror all over the globe has exploded on Obama’s watch, as the threat of new Islamic terrorist strikes on U.S. soil increases hourly.
Our kids are not safe… Our senior citizens are not safe… Our neighborhoods are becoming increasingly unsafe… Inner cities are not safe… Areas of our country are “no go zones” due to Islamic enclaves, Hispanic gang activity, black riots and looting, or Mexican drug cartels controlling the border areas. College campuses are becoming less and less safe, as are many churches and public K-12 schools. St. Louis, Detroit, San Diego, Chicago and numerous Southern border towns are not fit to live in.
The open borders and illegal amnesty policies of the current lawless administration insures that there can be no domestic tranquility in America, maybe ever again. The administrations tyrannical rule by “Executive Order or Action,” without any regard for “faithfully executing the laws of this land,” further guarantees that there can be no peace or tranquility in America, until these violations have been remedied.
To provide for the common defense? – The Obama Administration has spit in the face of every U.S. ally and made friends with every known terrorist group in the world, all of them in some way affiliated with The Muslim Brotherhood, which Obama has made part of his administrative cabinet.
The enemy is not at the gate, they are in the White House, and all branches of our Military, as well as all National Security agencies and again, congress. Instead of providing for the common defense of the United States, our Federal Government has turned all National Security assets on the American people, and infiltrated the highest levels of our Government. They are protecting known illegal invaders, instead of keeping their oath to prevent any illegal invasion of our country from foreign influences.
Instead of enforcing the Uniform Rules of Naturalization established by Congress, they have thrown them all out the window via “Executive Action” without any such constitutional Executive authority. They have become entirely destructive of all reasonable efforts to provide for the common defense of the United States, both here and abroad.
To promote a general welfare? – Not to provide welfare to all, but to promote things that are in the best interest, or the general welfare of all American citizens. Our government threatens the general welfare of all Americans by using taxpayer funds to pick winners and losers, including providing “general welfare benefits” to people who have no right to be in our country at all.
During the Great Depression, 30% of Americans were out of work and dependent upon some form of government assistance for their very existence. Those soup and bread lines were quite visible to all, and there was no mistaking the poor state of our economy. Today, more than 40% of Americans depend upon some form of government assistance, while the government and their press tell you how great the Obama economy is doing. The American Dream is no longer the freedom to work, earn and own, but rather to see how many free gifts one can rob from the taxpayer’s treasury.
Freedom and Liberty have been traded for free cell phones and ObamaCare… all of it at the expense of the general welfare of all Americans and the future of freedom and liberty.
To secure the Blessings of Liberty to ourselves? – This is the entire purpose of everything our Founders created. If the actions of our Federal government result in the loss of individual freedom and liberty, for any or all decent, honest self-reliant productive members of society, it has become destructive to the purposes of the people and the nation as a whole.
Without true constitutional justice, domestic tranquility, an adequate common defense of our nation, our heritage, our fundamental reverence for freedom, our language and traditions, or the general welfare of all who were endowed by our Creator with the inalienable Right to Life, and the Pursuit of happiness under our own steam, there is no Liberty.
Not only can there be no Liberty for ourselves, we have doomed all posterity to a substandard life of poverty under tyrannical governments focused only upon its own wealth and power.
What Americans have allowed to happen to themselves, out of ignorance, apathy and cowardice is bad enough. But the life we are dooming our children, our grandchildren and their children to, is inexcusable and unforgiveable.
I challenge every reader to go examine the Bill of Rights, and discover that there is nothing in those Ten Amendments that our Federal Government has not already violated, repeatedly. Still, it is allowed to continue.
Every Politician is to Blame
Without exception, every member of congress that fails to hold the Executive Branch fully accountable for its misdeeds is complicit by that failure. Every member of the Obama Administration who is knowingly and wantonly undermining the will and freedom of the people is guilty of treason. And every member of the U.S. Supreme Court who fails to uphold and defend the Constitution and Bill of Rights is also guilty of treason and misprision of treason. There can be no social justice where there is no respect for Constitutional Law.
But who is to blame for these politicians?
Every American citizen who sits idly by, allowing these politicians to destroy our Constitutional Republic without rising up in defense, is responsible. Every American who votes only on what their government can do for them, ignoring what their government is doing to them, is responsible.
Every American who through ignorance or apathy just stumbles through life as though none of this will ever affect them personally, or can see the threat we all face from within, but lacks the courage to stand in outrage, to stop the destruction of our once great nation, is responsible.
Every American more focused upon their own individual pet agendas than the best interest of our Republic, the freedom and liberty of all Americans, is responsible.
Every American who thinks they can solve these problems in a few more elections, without ever holding any elected servants accountable, is responsible.
Every American waiting for someone else to solve the problem, or refusing to set aside their own pride or ego in order to band together in a formidable force, is responsible.
Freedom is not for fools or cowards…. The reason our Federal Government is getting away with all of this, is our nation is full of fools and cowards, today.
If you are looking for a solution, find a mirror. Enforcing every letter of the Constitution and Bill of Rights is the only solution, and if you are waiting for anyone else to do it, it will never get done.
But I will tell you this right now… there is no solution to the condition of our Federal Government that does not begin with Impeachment of the entire Obama regime. If you are going to run away from this one, nothing else you do is going to fix anything today.
If you think you can defend freedom and liberty without a fight, you have already lost. Freedom is not easy, it never was. Freedom has always come at a very high price indeed. But it is worth every penny, every drop of blood, for without freedom, there is no peace, no tranquility, no prosperity, no liberty and eventually, no life. The United States will be saved by the American people, or it will be lost forever. No politician is the solution… Every politician is part of the problem….
© 2015 JB Williams – All Rights Reserved
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JB Williams is a writer on matters of history and American politics with more than 3000 pieces published over a twenty-year span. He has a decidedly conservative reverence for the Charters of Freedom, the men and women who have paid the price of freedom and liberty for all, and action oriented real-time solutions for modern challenges. He is a Christian, a husband, a father, a researcher, writer and a business owner. He is co-founder of action organizations The United States Patriots Union, a civilian parent organization for The Veteran Defenders of America. He is also co-founder of The North American Law Center, a citizen run investigative legal research and activism organization preparing to take on American’s greatest legal battles. Williams receives mail at: firstname.lastname@example.org
Web site 1: www.PatriotsUnion.org
Web site 2: www.VeteranDefenders.org
February 14th, 2015 by olddog
By Joachim Hagopian
America loses all its wars because it seems we’ve always been on the wrong side of history. Morally nor legally should any nation have the right to invade and occupy another sovereign nation, much less believe it can achieve victory in long, protracted wars. Yet in violation of all ethical precepts and all international laws, the sole global superpower citing its impunity through exceptionalism hypocritically insists it can maintain its moral high ground in its relentless pursuit of regime changes anywhere it so chooses on earth. We are the global village bully that’s hated by much of the world. And it’s pure self-aggrandizing bullshit to perpetrate the myth that America is hated because of our “freedom,” another rhetorical brainwashing lie. We now live in a fascist totalitarian police state run by a globalized crime syndicate of the central banking cabal. As of last April per a Princeton-Northwestern study the US has officially been designated an oligarchy.
Last year after a group of ethnic Russians living in Crimea voted to become part of Russia, the Russian military claimed control over its own naval base there that the US-NATO had been lusting to steal after the unlawful overthrow of Ukraine’s democratically elected sovereign government. Ever since it’s been nonstop lies and propaganda propagated to demonize Putin as the aggressor when in fact all along it’s the American Empire that’s been recklessly pushing what could end up World War III against nuclear powered Russia. With US-NATO missiles installed on Russia’s doorstep in virtually every former Soviet eastern bloc nation, hemming Russia in, who’s really the aggressor here?
The WMD lie that was the repeated mantra used as prewar drum beating propaganda to launch a war against humanity in Iraq a dozen years earlier is now being replayed as déjà vu all over again to amnesic, dumbed down Americans. Despite defeats in both Iraq and Afghanistan still being dragged out as America’s longest running wars in its history, the US-NATO war machine is once again prepping for yet more war raging now in Eastern Ukraine. The US government’s rush to war hit a minor snag the other day when various European nations like France and Germany announced their opposition and refusal to send arms to the Ukraine government, wanting to give peace talks with Russia a chance. Today’s headlines state that Obama has been forced to pause in his arms rush, not unlike the world turning against his rush a year and a half ago for air strikes in Syria after the false flag chemical weapons attack that was actually launched by US backed rebels. So it may not be full speed ahead for US Empire to ship its heavy weaponry to the eastern warfront after all. It is being reported that mercenaries speaking American English, Polish, French and Flemish are fighting for the Kiev government in Eastern Ukraine against ethnic Russians who are fighting for their independence, their home and their very survival. And with their backs up against the wall, recently the eastern Ukrainians have beaten back the Ukrainian government forces. Again, the US has a knack for being on the wrong side of history.
No true victor can emerge from any war on either side. The incessant US aggressor boasting superior firepower as the most deadly, expensive military force on the planet (spending more than the next ten nations combined), America has little to show for itself as it has not won a single war in seventy years! Neo-colonialism cloaked in imperialism, balkanization, economic exploitation, debtors’ theft, indentured servitude and enslavement can never be justified as the spoils of war. It’s a losing proposition in every imaginable way, not only for the aggressive American Empire that keeps starting and losing war after war, but especially for the ravaged nations it devastates and turns into demolished failed states with the King Midas in reverse touch. There is only one winner in all this evil business of war making – the oligarchs that own and control both the US and the failed state nations. As Marine Corps General Smedley Butler wisely pointed out way back in 1933:
War is a racket. It always has been. It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. It is the only one in which the profits are reckoned in dollars and the losses in lives. A racket is best described, I believe, as something that is not what it seems to the majority of the people. Only a small “inside” group knows what it is about. It is conducted for the benefit of the very few, at the expense of the very many. Out of war a few people make huge fortunes.
Fortune 500 companies win bigger profits sucking up the last precious, nearly tapped oil reserves and other diminishing natural resources off the face of the earth. This nonstop predatory practice of using, abusing and plundering smaller Third World countries is good for no one but the thieving transnational war profiteers and the oligarchs who own and control them.
This month’s Atlantic has a well written, thought provoking feature article called “The Tragedy of the American Military” authored by James Fallows. Though on the cover the question is asked, “Why Do The Best Soldiers in the World Keep Losing?” the article never quite delivers the answer. Instead it laments how the US fighting machine consisting of just two million (both active and reserved) out of more than 316 million Americans has created a cultural chasm of “out of sight, out of mind” convenience for a civilian population that disingenuously pays only lip service to “support our troops” while repeated Empire wars (and defeats) fought half a world away never cease.
Meanwhile, despite costing US taxpayers up to six trillion dollars and counting in Iraq alone and another trillion so far in Afghanistan in this age of increasing austerity, the albeit detached reverence for the US military and its abysmal losing war record fail to draw much notice or reflection, much less any real criticism or troubleshooting that might correct the same pattern of mistakes being repeated indefinitely. Another article in the same issue calls for resurrecting the draft as the feeble answer, something my ex-West Point roommate-former Afghan Ambassador-retired general and current Council on Foreign Relations (CFR) member Karl Eikenberry has also publicly advocated. They are all missing the point, unwilling or unable to address the pink elephant in the global room.
Respected author-activist David Swanson wrote an incisive rebuttal also confronting the Atlantic article for not answering the obvious question of why America loses at war. He makes the excellent point:
The U.S. has killed huge numbers of men, women, and children, made itself hated, made the world more dangerous, destroyed the environment, discarded civil liberties, and wasted trillions of dollars that could have done a world of good spent otherwise. A draft would do nothing to make people aware of that situation.
But Swanson merely glides over as a passing fact that the ruling elite is the only entity that stands to gain from war. He fails to emphasize that it is the elite’s power, money and influence that both initiates, but then by calculated design, willfully sabotages the chance of any US military victory after World War II. The reason is simple. If the US triumphed in war it would only delay the totalitarian New World Order from materialization. Only a weakened United States would expeditiously promote a one world government.
Some analysts with a micro-filter would blame inept planning and decision making by civilian commanders-in-chief and their equally inept civilian counsel. Both the Bush and Obama regimes come readily to mind, and before them the Johnson administration during the Vietnam War. Historically the chicken-hawk elite as behind the scene war proponents have been represented by members of the Counsel on Foreign Relations in advisory roles that in effect have shaped and controlled every single US president’s foreign and war policy along with key Congressional warmongers always promoting the self-interests of the military industrial complex that outgoing President Eisenhower warned us about over and above the interests and well-being of the American people.
Other critics like Thomas E. Ricks in recent years have been quick to point the finger at the poor military leadership. As a West Point graduate who went to school in the same regiment with surge man himself former CIA Director and General David Petraeus, NSA Big Brother architect Keith Alexander and current Joint Chiefs of Staff General Martin Dempsey, I can attest to the inferior brand of leadership cranked out of the academy brass factory over the last half century. West Point trains and teaches robotic followers in the form of sycophantic, self-serving bureaucrat-politicians, not dynamic, caring, humanitarian leaders. Entrepreneurial, innovative, creative instincts are drummed out of cadet and officer corps by a failed, punch-your-ticket to seniority system that breeds a range of incompetence from run-of-the-mill mediocrity to highly toxic leadership. The unprecedented soaring rates at which the most gifted, strongest leaders have been leaving the military services in droves the first chance they get upon completion of their 5-year post academy commitment calls into question the dubious worth of a half million dollar taxpayer-funded price tag of an elitist academy education. With the bland bureaucrat-politicians left in charge as generals leading the US Empire forces in war, then throw in the sobering reality that the military system fails to hold its own poor leadership accountable, it’s really no wonder the United States keeps losing every time out.
But all this plausible rationalization and blame-game excuses to explain away why the US persists in its streak of disastrous war defeats fails to address the fundamental reason why. Bottom line, no war is justified when humans and all life forms on this planet always stand to lose, especially when the only winners are the war profiteers who in my opinion are not human. Without a conscience and totally devoid of their humanity and compassion, they’re simply greed-driven, psychopathic predators feeding off the lifeblood of other humans and nations that must suffer immeasurable and unspeakable harm at their singular gain.
During this last century alone it’s been this same line of globalists working overtime, primarily through the CFR (since 1921), the Pentagon and other elitist “think tanks” that have been pulling the puppet strings of all US presidents, busily creating one false flag after another to start every single war America ever fights. Nearly every president has been a card carrying CFR member, and those few who haven’t were surrounded by CFR in key cabinet roles. Since the 1947 National Security Act established the cabinet office of the Secretary of Defense, every man who has held that key position in the US government has been a member of the Council on Foreign Relations. Since 1940 every Secretary of State has been a CFR plant. For the last 80 years virtually every National Security Advisor been a CFR insider as have been all the top generals like my West Point ex-roommies Eikenberry and the longest running Afghanistan and Iraq War commander General Abizaid as well as the aforementioned Class of 1974 grads Petraeus and Dempsey. Let’s examine how key insiders with their one world government vision have made war at will through false flag lies blaming their designated enemies contributing to America’s long history of nonstop war for over 91% of its years in existence (218 out of 239 years).
As a brief historical review tracing events from the dawn of the twentieth century, media mogul Randolph Hearst used the false flag of the Spanish American War to “remember the USS Maine” sinking in the 1898 Havana harbor as its deceitful justification to ruthlessly, violently colonize Cuba and the Philippines, committing ethnic cleansing with estimates as high as near a half million dead Filipinos in that bloodbath.
Then it was the “great” English statesman Winston Churchill who plotted the sinking of the Lusitania killing nearly 1200 of his own British citizens (along with 128 Americans) as the baited sacrifice secretly carrying arms to ignite the First World War that was supposed to end all wars. This in turn led to the first NWO effort toward globalized government in the League of Nations that several decades later materialized into the United Nations, a huge globalist milestone on its march toward one world government. As is custom, globalist money busily finances both sides in every war, in this case militarizing German Kaiser Wilhelm and Lenin’s revolutionary rise to red power during World War I and then a few years later Hitler’s ascendancy to initiate World War II. HW Bush’s father was actually arrested for funding the Nazi enemy. Pearl Harbor was the sinister false flag machination that carried the deadly sacrifice of over 2500 slaughtered Americans as Roosevelt’s chickenhawk “excuse” to enter WWII. The real purpose of the so called last “justified war” was to eclipse the British Empire and usher in the imperialistic reign of the emerging American Empire and its subsequent cold war that’s still raging dangerously stronger than ever to this day.
Then several years later the US encouraged South Korean incursions into Communist North Korea in order to manipulate North Korea into responding in kind. Guaranteeing South Korea full UN support, when the baited North Koreans retaliated by moving two miles inside the South Korean border, that June 1950 “transgression” immediately became the false pretense used to initiate the Korean War. After that conflict ended in a stalemate, a mere decade later as the imperialistic cauldrons of cold war grew hotter, in August 1964 President Johnson lied to the American people with the bogus claim that a US Navy ship was attacked by North Vietnamese gunboats in the Gulf of Tonkin to launch America’s longest running war in history (that is until this century’s everlasting war of terror). That false flag cost near 60,000 American lives and over 3 million dead Southeast Asians, in addition to being the first US humiliating war defeat in its history, marking the first of many consecutive losses.
The smaller, less intensive military campaigns of Grenada, Panama, Nicaragua and El Salvador, the First Gulf War, Haiti, Bosnia and Kosovo were all jingoistic saber rattling manipulations of imperialistic Empire overpowering far weaker opponents to take down former US allied dictators (or in the case of Saddam Hussein a preliminary step to the father-son neocon tag team), balkanizing a divide and conquer strategy for global hegemony and imperial war profiteering from the always lucrative drug trafficking trade.
The actual reason America has been losing all its wars for seven decades now is simply because the oligarchs want it that way. The fact is we were never meant to win any war after WWII. Over and over again the most powerful army in the world has been defeated by much smaller ill equipped forces that are far less armed, modern and funded. Yet fighting on their turf against the imperialistic occupying Goliath-like oppressor, they always win. Like everything major that goes down on this earth, it’s all part of the ruling elite’s diabolical plan – by design, the US as the constantly warring nation should keep losing war after war. American soldiers and their families always suffer the heaviest losses, only surpassed by the millions of people whose homelands become targeted US Empire battlefields. The shrinking US middle class at home bearing the brunt of the burden financing exorbitant costly wars also loses big time. But then of course this grave calamity and human tragedy is all by sinister design. Because the ruling class no longer has a need for America’s middle class, it’s become the latest war of terror casualty.
Meanwhile, the only true winners of all wars is the oligarch owned and controlled central banking cabal and its Wall Street 500. Once American Empire wreaks military havoc to achieve another ravaged failed state, be it Afghanistan, Iraq, Libya, Somalia, Yemen, a second invasion that becomes the permanent occupation arrives in the form of IMF and World Bank loans. When the war destroyed nation cannot pay the bankster cabal’s loan shark extortion, privatization through transnational corporations rapidly descends as economic hit men-vultures move in for the final kill. The game’s been rigged, set up so no one but the filthy, gluttonous, bloodthirsty, psychopathic vampires comprising the ruling elite can possibly win from all this rigged warring death and destruction.
The Zionist neocon creation with a little help from their Saudi-Israeli evil axis friends pulled off the coup of the century on 9/11, massacring 3,000 Americans as their sacrificial lambs, setting into motion the fabricated war on terror masking their actual war on Islam to ensure that a constant fresh supply of made-by-the-USA enemy materializes to justify permanent global violence. During the near ten years that Americans fought in Iraq near a half million Iraqis lost their life, mostly innocent civilians. That toll has only since risen with war still raging. The Islamic State jihadists that the US-Saudi-Israeli unholy alliance secretly created, trained, armed and has funded (just as it did al Qaeda for decades) invaded Iraq last June and is currently in control of more area in Iraq than the weak US puppet government in Baghdad with no end of sectarian violence in sight.
Afghanistan looks no better with the puppet Kabul government holding less territory than the surging Taliban that has been waiting for the US military exodus by December 2014 leaving 10,800 US military advisors still remaining behind. A million Afghan citizens died during the decade long war with the Soviet Union in the 1980’s, then hundreds of thousands more during the ensuing civil war afterwards. With the death toll doubling in 2014 from the previous year, upwards of 30,000 civilians have died during America’s longest war in history in the graveyard of empires. The human costs for Americans killed on these two warfronts for both the US soldiers and civilian contractors are about 6,800 each as of April 2014. Three quarters of the American casualties in Afghanistan died on Obama’s watch.
The proxy wars leaving Libya as a corrupt and lawlessly violent failed state and Syria a stalemated quagmire with Islamic State mercenaries our not-so-secret friendly boots on the ground still unable to topple and remove Assad from power. Meanwhile, near a quarter of a million people have died in the war in Syria and an astounding 6.5 million have been displaced in that colossal human tragedy supported and caused by the United States. Syria at no time was a threat to US national security. Yet for years now the US has been determined to bring down Syria on its way to the ultimate regime change prize of Iran, the last of the seven sovereign nations to be taken down in the Middle East and North Africa within the designated five years on that notorious neocon list that retired General Wesley Clark learned in 2001 had already been in existence even prior to 9/11.
Ever since Korea and Vietnam the ruling elite in its New World Order agenda will not allow the most lethal fighting force in the world to win another war. And as shown, the King Midas touch in reverse that has every nation the US intervenes plummeting into flames as failed states, totally vulnerable as easy pickings for the predatory oligarch sharks to feast on whatever precious natural resources are left, boots on the ground or not. While the entire planet loses, this endless, spilled blood for oil end game remains a win-win proposition only for the demonically ruled ruling class that’s been systematically creating and profiting from war for countless centuries.
Joachim Hagopian is a West Point graduate and former US Army officer. He has written a manuscript based on his unique military experience entitled “Don’t Let The Bastards Getcha Down.” It examines and focuses on US international relations, leadership and national security issues. After the military, Joachim earned a master’s degree in Clinical Psychology and worked as a licensed therapist in the mental health field for more than a quarter century. He now concentrates on his writing.
Were I capable of writing this article I would be patting myself on the back so hard my arm might break. CUDOS MR. Hagopian! Now, what say those of you who are still sucking the monsters tit? Pretending we are saving the world from tyranny by murdering innocent people, and sacrificing our dumbed down soldiers in the process. And the icing on the cake is, we ignore our responsibility to restore these poor men and women to good health and prosperity. The biggest tragedy, is knowing our nation is full of cowards too afraid to force change in our system of government, and too ignorant of their responsibility to know what’s really going on in the most Evil Empire in history. Will I listen to your moans when the elite bring down America and you are starving? Don’t count on it, and don’t expect help from other nation’s who will also be starving. PAYBACK IS COMING SOON SO BEND OVER AND KISS
YOUR ASS GOODBYE.
February 13th, 2015 by olddog
by Walter Burien – CAFR1.com
I will keep this article very simple and to the point .
On the syndicated news today they are pitching imposing a tax on e-cigarettes.
The politician that introduced the bill justifies the new proposed tax with one and one only statement:
“If we do not tax e-cigarettes, where else will we get the money we need from?”
I have heard the same blanket comment over and over again per raising taxes for the last 40-years.
That comment made by a politician to the public is the biggest insult that can be rendered per directly calling the listeners “useful idiots” when it comes down to the reality of government’s gross income from the many sources of: Tax, Investment, Enterprise, etc.
Government’s gross income is obscene and has expanded exponentially each and every year through depending on the population being masterfully entertained while being spoon fed with blatant “selective presentation” with the contrived comment of: “where are we going to get the money from?”
A good and clear analogy per the same would be; A politician sitting in a row-boat in the middle of the ocean who says: “Where am I going to find salt water?” said with an overtone as if it were a genuine question, and depending on the listener’s ignorance not to see the ocean surrounding the row-boat..
Here is a link with instructions to view and download many local Government’s Annual Financial Reports that I sent out in a previous post to the CAFR1 National email list last week:
http://www.gfoa.net/cafrwinners/2013/index.html (**To get the CAFR download listing for each local government entity – Click on the “Winners List by Agency Type” in the centered blue boxes)
That link with the Click on instruction followed by you will list about 3000+ local government CAFRs for downloading, view, and review. All categorized by local government type and alphabetically listed by each state.
** The 3000+ listed is but a very small fraction of the Annual Financial Reports produced each year by local government operations [approximately 184,000 local government operations nationally]
Any one of the reports upon careful and detailed review gives you a pretty clear view of “where the money comes from” or “can come from” per ANY local government CAFR looked at.
For your state, download the applicable CAFRs in your State listed and put on one DVD for distribution to other activists in your state. For those that seriously look, some eyes will really start to open upon review of the same.
The CAFR on the local governments listed, being that local government’s “Statement of Net-Worth” derived over decades if not over a century is “the book” to review. Selectively created “Budgets” “for a year” are in all reality very pale in comparison to looking at the same local government’s Annual Financial Report, the CAFR (Comprehensive Annual Financial Report).
Bottom line? Being that the CAFR shows the “Big Picture” of the massive standing wealth and true gross income involved, the Silence is Golden rule is strictly maintained from within the halls of government; Political Parties; controlled Education, and the “syndicated Media” talking heads. Simple and open mention of the CAFR to the general public by any party from the inside would effect their immediate termination / blackballing due to directing the public towards the massive wealth, standing investments (domestic and International) and true “overall” gross income involved and seen therein.
On an example of what can jump out at you when you look at any CAFR report, I grew up in NJ and recently I glanced at the Port Authority of NY and NJ 2013 CAFR as listed under “Enterprise” agencies. Well, what jumped out at me was they allocated 3-Billion dollars of their “own monies” for the re-building of the World Trade Center complex. Well, I always thought that being Larry Silverstein received about a 6.5 billion dollar insurance payout per the destruction of the original WTC complex, that “he” would be paying for the re-building of the WTC complex. Upon review of that CAFR, it was apparent that not $1 came directly from Larry Silverstein to rebuild the complex.
Mr. Silverstein had taken out a 99-year lease of the WTC complex months before it was destroyed (demolished). The deal required him to make monthly payments to the NY & NJ Port Authority under the lease terms. When he got the lease, one of the first things he did was to take out a double indemnity insurance policy per terrorist attack on the WTC complex. When the insurance policy was underwritten by several large insurance providers, of which took a while to cover that large of a policy, in so many words: “The ink was not even dry yet on the policy” and down went the Towers and in went Silverstein’s insurance claim which resulted with about a 6.5 billion dollar payout to him.
So, when I saw the Port Authority was paying for the rebuilding of the WTC complex and 3-billion dollars allocated by them, that showed me that Silverstein (a joint US and Israeli citizen) accomplished probably the largest profit in world history in the shortest period of time. You see he only had about 4 monthly payments made (under 130 million dollars) and received about a 6.5 billion dollar payout. So why did not the Port Authority of NY and NJ not require Larry Silverstein to cough up the cost for rebuilding the WTC complex??? Especially in light of the fact that he was paid billions of dollars under the insurance policy due to the destruction of the original WTC complex?
That was just one point that jumped out at me from a quick look at that “one” CAFR.
When you see from the link above the listing of the many local government CAFRs from your state, and upon a basic review of the same, I am confident that “many things will jump out at you from each.”
Now here is an exercise that every one of you and your associates can do to learn the biggest reality check of your lifetime. The CAFR is the “Holy Grail” of accounting for the majority of the local governments out there, their Statement of Net Worth. The exercise I request that YOU DO IS TO sincerely ask your local syndicated media (ABC, CBS; FOX, NBC, etc.) talking head to make the following very “simple” statement / question to his or her viewing audience: “I have become aware of our local government’s Annual Financial Report known as a CAFR. I request that my viewing audience Google and then download a few of the City, County, State, and Enterprise CAFRs, and make a cursory review of the same and please get back to me over the next several weeks with comment.”
Well, there is NO REASON what-so-ever for them not to do so. Kinda like asking a Priest to make simple mention the Bible to their parishioners, asking them to look at the Bible and get back to him with comment. The reality check for you comes into play due to the reality of the Silence is Golden Rule in place. The simple mentioning of the CAFR by any syndicated media talking head violates that rule. It will not happen within the syndicated media realm. Independent media personalities with a limited audience may mention, but the syndicated media personalities with very “large audiences”, and the big thumb of management hanging over them per simple mention of the CAFR are up against a 1-mile thick concrete wall to NOT openly mention to the public or else….
Let me know if you have success in doing so, per the “simple mention” by “any” syndicated media talking head to their viewing audience. I was successful in doing so once in 1995. The anchor from ABC in Phoenix after being challenged by me to make clear and simple mention of the CAFR did so. She in fact did a full camera shot of the State of Arizona 1994 CAFR as she made clear mention of the same. Well, her mention aired on the 10 PM News but on the normal repeat of the 10 PM News segment the following morning at 7 AM, that segment was cut and that anchor for ABC Phoenix was replaced the following day. She breached the Silence is Golden rule and swift repercussions by ABC management against her was the prompt result..
PLEASE share this communication with all of your contacts and post to News Sites and Blogs where you can.
Sent FYI and for your action from,
Walter Burien – CAFR1.com
P. O. Box 2112
Saint Johns, AZ 85936
PS: Can YOU breech the Silence is Golden rule with you local syndicated media talking heads? If no, the reality check will have been learned. If yes, I and many others will be absolutely amazed and grateful…!
February 12th, 2015 by olddog
Over the past decade, there has been only one other time when the value of the U.S. dollar has increased by so much in such a short period of time. That was in mid-2008 – just before the greatest financial crash since the Great Depression.
A surging U.S. dollar also greatly contributed to the Latin American debt crisis of the early 1980s and the Asian financial crisis of 1997. Today, the globe is more interconnected than ever. Most global trade is conducted in U.S. dollars, and much of the borrowing done by emerging markets all over the planet is denominated in U.S. dollars. When the U.S. dollar goes up dramatically, this can put a tremendous amount of financial stress on economies all around the world. It also has the potential to greatly threaten the stability of the 65 trillion dollars in derivatives that are directly tied to the value of the U.S. dollar.
The global financial system is more vulnerable to currency movements than ever before, and history tells us that when the U.S. dollar soars the global economy tends to experience a contraction. So the fact that the U.S. dollar has been skyrocketing lately is a very, very bad sign.
Most of the people that write about the coming economic collapse love to talk about the coming collapse of the U.S. dollar as well. But in the initial deflationary stage of the coming financial crisis, we are likely to see the U.S. dollar actually strengthen considerably.
As I have discussed so many times before, we are going to experience deflation first, and after that deflationary phase the desperate responses by the Federal Reserve and the U.S. government to that deflation will cause the inflationary panic that so many have written about.
Yes, someday the U.S. dollar will essentially be toilet paper. But that is not in our immediate future. What is in our immediate future is a “flight to safety” that will push the surging U.S. dollar even higher.
This is what we witnessed in 2008, and this is happening once again right now.
Just look at the chart that I have posted below. You can see the the U.S. dollar moved upward dramatically relative to other currencies starting in mid-2008. And toward the end of the chart you can see that the U.S. dollar is now experiencing a similar spike…
At the moment, almost every major currency in the world is falling relative to the U.S. dollar.
For example, this next chart shows what the euro is doing relative to the dollar. As you can see, the euro is in the midst of a stunning decline…
Unfortunately, most Americans have absolutely no idea how important all of this is. In recent years, growing economies all over the world have borrowed gigantic piles of very cheap U.S. dollars. But now they are faced with the prospect of repaying those debts and making interest payments using much more expensive U.S. dollars.
Investors are starting to get nervous. At one time, investors couldn’t wait to pour money into emerging markets, but now this process is beginning to reverse. If this turns into a panic, we are going to have one giant financial mess on our hands.
The truth is that the value of the U.S. dollar is of great importance to every nation on the face of the Earth. The following comes from U.S. News & World Report…
In the early ’80s, a bullish U.S. dollar contributed to the Latin American debt crisis, and also impacted the Asian Tiger crisis in the late ’90s. Emerging markets typically have higher growth, but carry much higher risk to investors. When the economies are doing well, foreign investors will lend money to emerging market countries by purchasing their bonds.
They also deposit money in foreign banks, which facilitates higher lending. The reason for this is simple: Bond payments and interest rates in emerging markets are much higher than in the U.S. Why deposit cash in the U.S. and earn 0.25 percent, when you could earn 6 percent in Indonesia? With the dollar strengthening, the interest payments on any bond denominated in U.S. dollars becomes more expensive.
Additionally, the deposit in the Indonesian bank may still be earning 6 percent, but that is on Indonesian rupiahs. After converting the rupiahs to U.S. dollars, the extra interest doesn’t offset the loss from the exchange. As investors get nervous, the higher interest on emerging market debt and deposits becomes less alluring, and they flee to safety. It may start slowly, but history tells us it can quickly spiral out of control.
Over the past few months, I have been repeatedly stressing that so many of the signs that we witnessed just prior to previous financial crashes are happening again.
Now you can add the skyrocketing U.S. dollar to that list.
If you have not seen my previous articles where I have discussed these things, here are some places to get started…
“Guess What Happened The Last Time The Price Of Oil Crashed Like This?…”
“Not Just Oil: Guess What Happened The Last Time Commodity Prices Crashed Like This?…”
“10 Key Events That Preceded The Last Financial Crisis That Are Happening Again RIGHT NOW”
The warnings signs are really starting to pile up.
When we look back at past financial crashes, there are recognizable patterns that can be identified.
Anyone with half a brain should be able to see that a large number of those patterns are unfolding once again right before our eyes.
Unfortunately, most people in this world end up believing exactly what they want to believe.
No matter how much evidence you show them, they will not accept the truth until it is too late.
This article first appeared here at the Economic Collapse Blog. Michael Snyder is a writer, speaker and activist who writes and edits his own blogs The American Dream and Economic Collapse Blog. Follow him on Twitter here.
AS I’VE SAID BEFORE
February 7th, 2015 by olddog
The world is on the verge of a global economic meltdown. What does that mean? The simple answer is that it will not be long until every modern country is consumed by hyperinflation resulting in the crash of most of the paper currencies on the planet. This will result in an economic shutdown. Starvation will become commonplace. Unrestrained violence will occur and eventually the world will slip into World War III.
I literally have at my finger tips two dozen economic indicators which demonstrates that total and global economic collapse is at hand. In the interest of brevity, I will only highlight two of these indicators and if these were the only indicators, an economic collapse would still be in our collective futures.
The Baltic Dry Index
The Baltic Dry Index (BDI) is absolutely the best measure of global economic health. The BDI is used by economists as a leading global economic indicator because it predicts future economic activity. The BDI, uses the U.S. dollar as a benchmark and measures the global supply and the corresponding demand for commodity shipments among bulk carriers. Commodities, in the form of raw materials like grains, lumber, coal and precious metals form the backbone of the BDI. Over time, the BDI is the best indicator of global economic health because, unlike the futures market, the BDI does not engage in speculation as it provide near real time data on what and what is being shipped. The determinations made by the BDI are such an accurate indicator of economic activity because businesses don’t book freighters when they have no cargo to move. In short, the BDI is the world’s financial blood pressure measure. The BDI is said to be one day away from reaching its all-time low. Ultimately, what the BDI tells economists is that we are headed for a depression that will make 1929 look like a picnic. The BDI has fallen on 43 of the past 47 days.
Let’s look at this issue through the lens of common sense. If raw materials are not being transported in sufficient numbers as the BDI is beginning to indicate, what will happen to manufacturing? To the cognitive dissonance crowd, please take off your rose colored sunglasses and honestly answer this question, what does low BDI mean to manufacturing? Low BDI means low manufacturing, period! In turn this means less finished products coming to market. Please note that the BDI includes grains in its analysis. With fewer grains being shipped to market to be packaged and distributed to your grocery outlet, this will lead to severe food shortages. This is not fear-mongering, this is simple Economics 101.
When the full effect of this impending train wreck is felt, there will not be a government in the civilized world that will be safe from assassination. I know, some of you will say that this will never happen. Well, let’s take a look at what Paul Craig Roberts is saying about the conditions in Greece.
European Union Economic Crisis
Two days ago, the Euro declined 1.3% in one day versus the dollar, leaving many European banks fearing that the bottom is falling out of the European Union’s economy. Business Insider’s Sam Ro stated thatGreek banks can no longer exchange Greece’s lowly-rated government bonds for money in the European Union. In other words, the European Union just announced the Greece’s money is worthless. What keeps an economy, in distress, rolling on day after day? The reasons are purely psychological. One Greekaccepts Greek bank notes from another Greek because they have confidence that the paper currency can be exchanged for goods and services. When Greek citizens loses confidence in their ability to flip the papermoney in exchange for goods and service, the Greek economy will totally collapse. The European Union’s recent decision to not honor Greek paper currency has set into effect a series of dominoes which will culminate in the Greeks not having a paper currency for daily use. Unless the European Union reverses their position, the Greek economy could be days away from total collapse. And under these highly volatile circumstances, anarchy would ensue.
The situation in Greece is so dire that Paul Craig Roberts is openly talking about the real possibility that the Greek government will be assassinated. Roberts believes that it is very possible that the Greek people will turn their back on the West and will accept Russia’s offer to become a member of the BRICS, under the Russian sphere of influence as Roberts indicated.
“That makes it difficult to make an agreement with the new Greek government to ameliorate the conditions imposed on Greece. So it makes the EU inflexible. That inflexibility gives Greece the cards to say, ‘We’re not playing your game — we’re going to play a different game and accept Russia’s offer.”
To make matters worse in Greece, on Wednesday, February 4, 2015, the price of oil plunged by more than 8% in what could easily prove to be the straw that broke the camel’s back. Greece at the edge of a complete and total financial breakdown.
Eurozone collapse is inevitable.
Spain and Ireland’s economy are on the verge of collapse and have been since last summer. Germany, France and Italy would be better off to be in the Russian sphere of influence given their dependence on Russian gas shipments to these three economies. In short, the European Union will not survive.
The date of the death of the European Union has yet to be determined. However, it is only a matter of time. And if Paul Craig Roberts assertion that when the Greek government will be assassinated in the coming anarchy, how long will it be until the violence crosses into Spain, Ireland, Italy and then consumes the rest of Europe?
The incompatibility of Muslim immigration has already brought violence to the streets of Sweden, France and several other European countries will exacerbate the economic conditions. Europe is primed and ready for a total meltdown and with the health of the American economy, there is no way that we can save financial backsides of our training partners. At the end of the day, I think Paul Craig Roberts prediction may be tame. The Greek government will not be the only government running for cover when the proverbial economic poop hits the fan, the violence will spread across Europe like Ebola across West Africa.
Rest assured that Putin’s intelligence operatives will be in every European capital fermenting violence as the solution to the ensuing economic chaos.Even though Putin has been backed into a corner, it is becoming clear to see why he has not lashed out the proactive military, economic and political actions in places like Ukraine. Putin may be figuring that all he has to do is to sit back and let nature take its course.
Are you prepared for what is coming? Have you stored food, water and made agreements of protection with your neighbors. Are you and your family spiritually prepared? It is 30 seconds to midnight, we are out of time.
In summary, I will reiterate what I have said many times before:
This bankster run system does not work for you and I. Again, take your money out of their banks, stop shopping in globalist stores like Walmart and begin to trade and barter and grow your own food. To do otherwise, is to continue to participate in a rigged game which will culminate in your destruction!
February 6th, 2015 by olddog
In large part, the American people have been conquered through the principle of groupthink. Throughout history, groupthink has played a prominent role in coercing the public of any nation into going to war for the benefit of the elite ruling class and their financial bottom line.
Groupthink is a term coined by social psychologist Irving Janis in 1972, and it occurs when a group makes faulty decisions because group pressures lead to a deterioration of “mental efficiency, reality testing, and moral judgment”.
Groups affected by groupthink ignore alternatives and tend to take irrational actions that dehumanize other groups. A group is especially vulnerable to groupthink (e.g. Neocons and the Iraq War, radical Muslim elements within the government and the coming great American purge followed by WW III) when its members are similar in background, when the group is insulated from outside opinions, and when there are no clear rules for decision making.
It is the premise of this article that groupthink is being used to “nudge” Americans into accepting a new paradigm which is suicidal for the country’s continued existence.
The Meat and Potatoes of Groupthink
In his book, Victims of Groupthink, Dr. Janis has documented eight symptoms of groupthink:
- The illusion of invulnerabilityis often perpetuated when a cause first becomes public. “If God is for us, who can be against us” is often the kind of mentality that permeates a group in which self-righteousness will somehow protect the group from the faulty decisions of their leaders. It would be interesting to ask the tens of millions of dead people who died in the two world wars in the 20th century how well this illusion works. This illusion of invulnerability creates excessive optimism that encourages taking extreme risks. For example, when NFL player, Pat Tillman forsook his lucrative playing career and volunteered to serve in Afghanistan, following 9/11, he was killed by military leadership for expressing the anti-war views he increasingly came to believe. In the early days of a movement, people lose their minds and volunteer to give up their lives in order to kill complete strangers in order that billionaire bankers can make billions of dollars of more money.
- The members of a group quickly fall into a type of collective rationalizationin the early days of group think. “If my neighbors believe in our course of action”, it must be perfectly OK to engage in things like genocide and mass murder (i.e. war). The members of the group discount warnings and do not reconsider their assumptions regarding a course of action even when it becomes clear that the course of action is immoral or even suicidal.
- Belief in an inherent and self-righteous morality. This view is often expressed, asPresident George W. Bush once said “You are either with us, or you are with the terrorists”. The members of the group believe in the righteousness of their cause and therefore ignore the ethical or moral consequences of their decisions. This type of group psychology has given history some of its darkest days.
- Stereotyped views of unfavorable out-groups is perpetuated. Stereotypical and extreme negative views of the “enemy” make effective responses to conflict seem unnecessary. This leads to the creation of devices like the infamous “Red List” which will ostensibly be used one day to rid the country of any dissenters.
- Direct pressure on dissentersin the group begins to surface in the early days of a movement. Members are under pressure not to express arguments against any of the group’s views. Political correctness is often used to usher in a group think kind of paradigm change. We have witnessed the climate change arguments and the advancement of gay marriage where nobody dare speak out against the concept at the risk of being branded “prejudiced”.
- Self-censorshipbecomes a critical operating component of the group. People fear speaking out, so they don’t. Doubts and deviations from the perceived group consensus are not expressed for fear of retaliation from the group and its leader. This is when a society begins to live in fear of its government and the establishment behind the government.
- The illusion of unanimityis perpetuated in and among the members of a group. The majority view and judgments are assumed to be unanimous. This becomes the well-spring of prohibitions on free speech, politically motivated round-ups and deportation to concentration camps (i.e. FEMA camps). Nowhere, can we find a better example of what happens when six corporations control 98% of the media. Browse through the networks, during the news hour, and you won’t find a stone’s throw difference between the way that CBS, NBC, ABC, CNN and Fox, report the news. It is the ultimate example of groupthink. And it is the single most important reason that we have a “sheep mentality “among 95% of the people in this country.
- Self-appointed ‘mindguards’becomes a key operating component of the group. Members protect the group and the leader from information that is problematic or contradictory to the group’s cohesiveness, view, and/or decisions. This is the central operating principle of the maintenance of group think. Any dissension inside the group is quickly dealt with as if the dissenter were a member of the group of which their group is aligned against.
Examples of the Fallacy of Groupthink
Historians often point to examples of groupthink “fiascoes”. Dr. Janis offers as examples “the US failures to anticipate the attack on Pearl Harbor, the Bay of Pigs invasion, the escalation of the Vietnam war, and the ill-fated hostage rescue in Iran”. Certainly, the flawed policies enacted in conducting the wars in Iraq and Afghanistan are prime examples of this erroneous thinking brought about by the eight elements of group think. And this flawed thinking has led to the rise of ISIS, with the help of the CIA.
History commands to not forget the Holocaust, Rwanda, Mao’s purge in China and on and on it goes.
Groupthink Is Being Used to Condition the American People for World War
- With every journalist ISIS beheads and with every staged terror attack upon American interests, the American people are being readied for war and the invocation of groupthink is the prime method of mental subjugation of our people. Many of you reading these words are going to become victims to what is coming.The elite use such organizations as Tavistock Institute to devise public policy reflective of these psychological tools of manipulation.
Any organizing principle of war states that you must first neutralize the command and control structure over the enemy. This is why, whenever we invade a country, we first take out their radar and communications ability. This is one of the approaches that we need to employ in neutralizing the hold the globalists have over our minds. To do that, we only need to follow Jim Marrs’ advice and turn off the TV. Collapse the major instrument of control that our enemies employ against us, namely, the control over our minds through the mainstream media.
If CNN and FOX were to disappear, we would stop being conditioned on what to think and begin thinking for ourselves. Subsequently, the veil of deception would be removed from over our eyes. The sheep would lose their media based shepherd and the sheep would be forced to find their own way in life. The resulting paradigm could lead to a global awakening and, other than the return of Jesus, this would constitute the worst nightmare for the globalists.
Winning the Numbers War
Throughout my academic career, I have immersed myself in discovering how change occurs. Why do some movements take hold and win the day, while others die on the vine? The answer, coming from the field of social psychology, is surprisingly simple.
The flip side of groupthink also exists. The antidote to group think is more groupthink in the form of presenting a groupthink psychology that is the antithesis of the existing paradigm being perpetrated today.
The Ten Percent Factor
- Scientists from the prestigious Rensselaer Polytechnic Institute have determined that if just 10% of any given population holds to an unshakable idea, that 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 research was first published in a peer reviewed E Journal in an article entitled “Social consensus through the influence of committed minorities.”Computational and analytical methods were used to discover the tipping point where an obscure idea eventually becomes the majority opinion. The finding has dramatic implications for those of us trying to wake up the sheep in this country.
The SNARC scientists found that the 10% figure was applicable whether they were talking about the spread of innovations or to advance an ideal.
Reaching 10% of the population should be the objective of the alternative media and the primary goal should be the preservation of the soul and not to be quite as focused on achieving physical victory in this realm of existence.
As previously stated, in order to wake up 10% of the population, the country would have to turn off the biggest propaganda device in the country, the television. Nature abhors a vacuum and if people were not watching television, they would begin to think for themselves, instead of being told what to think. If the 10% factor were to ever be reached, it would constitute groupthink in reverse.
There is no question that untold numbers of people are beginning to question the motives and actions of the government. And increasingly, these awakening sheep, are looking to us in the independent media for answers. The 64 million dollar question has to do with whether America will reach the 10% threshold in time to make any real difference?
The Globalists Will Never Let the Number of Awake Americans Reach 10%
If I can invoke the research of SNARC, don’t you think that the elite, with their vast resources already know the parameters of groupthink? Of course they do, they are using these principles against humanity in the here and now.
I am of the belief that the independent media is on the threshold of a major breakthrough and the 10% plateau will actually be achieved, if even for only a short time. I firmly believe that the 10% factor will only be achieved for a very short time. The globalists are not yet ready to completely subjugate the planet. However, they do have failsafe positions which they will resort to if the trend curve of their movement is being thwarted by an awakening population. What are these failsafe strategies? World War III comes quickly to mind. One has to simply create a false flag, blame the next terrorist group and go to war in order to perpetuate the threat. Groupthink is invoked and history repeats itself, again. The globalists have even a more virulent failsafe position in the form of a biological attack upon the people of the United States. A widespread biological attack would quickly reverse the momentum of any social movement against globalist tyranny.
Regardless, the only weapon that humanity has at it disposal in the moment, is to awaken as many people as possible.
February 5th, 2015 by olddog
A half century ago the infamous and timeworn trope coming from the supporters of the Viet Nam War was all over the airwaves. “Love It or Leave It” was the standard retort from the gung-ho believers to the anti-war activists, who filled the streets with civil disobedience. An entire era of youth came under suspicion, from fathers of that “Greatest Generation” for questioning the purpose and wisdom of American leaders and the military policy that drafted dissenting objectors into coercive service.
Now with the undying “War on Terror” as the trumped up cornerstone of government survival, the same old party line of jingoism rises again to smear any opposition of the all mighty war machine.
The following is written by a student, Alex Bertsch, not back in the 1960s but this year.
I can’t question the actions of the military without being anti-American. I can’t question events like the My Lai Massacre, in which U.S. Army soldiers killed between 347 and 504 unarmed civilians in Vietnam, with virtually no punishment. I am barely allowed to question the Haditha Killings, in which U.S. Marines killed 24 civilians in 2006. Questioning these atrocities would be “un-American.”
As the public is being conditioned for the next round of conflicts, the mere idea of conducting an open and frank debate is too dangerous to allow. So when the hullabaloo over the Chris Kyle movie,American Sniper exploded, the NeoCons rushed in to prance out their ultranationalism for the NWO age. Just what kind of world have these super patriots of the internationalist imperium bestowed upon humanity?
Start with a review of the violent history of our species and especially the involvements from our own country in its short existence.
In the lifetime of the eldest living Americans, the Major Military Operations Since World War II gives a summary of the largest involvements.
For a more comprehensive analysis of American conflicts, “We’re at War!” — And We Have Been Since 1776: 214 Years of American War-Making, provides an exhaustive list.
- Pick any year since 1776 and there is about a 91% chance that America was involved in some war during that calendar year.
- No U.S. president truly qualifies as a peacetime president. Instead, all U.S. presidents can technically be considered “war presidents.”
- The U.S. has never gone a decade without war.
- The only time the U.S. went five years without war (1935-40) was during the isolationist period of the Great Depression.
If the goal is to build a global empire, all these campaigns fit a pattern of design and intention. But is this the true purpose of our founding as a nation?
When John Milton Hay Secretary of State coined the phrase, “A Splendid Little War” – Whose War Is It? he must have known that expansion to form an intercontinental realm was put irrepressibly in motion.
This NeoConservative philosophy is pure Internationalism in its most raw form. It is the antithesis of traditional American policy, and attempts to foster a new imperialism that is totally out of step and discredited by civilized societies. The portrait of the “Ugly American” is one that needs to be relegated to the scrap heap of embarrassed memories.
Regretfully, the entire last hundred years, billed as the American century, just continued an imperialism that kicked off with the Spanish American War. This foreign policy never made the world safe for some mythical “Democracy,” but actually set forth a domination culture of rhetoric and force that fostered the economic corporatist interests, protected by garrison outposts scattered around the world.
So what sleight of hand or mental hypnosis keeps the gullible public from facing up to the indisputable facts that all these oversea adventures actually destroy our country’s real security?
Libertarian Jacob G. Hornberger makes a striking argument in THE TROOPS ARE DESTROYING OUR COUNTRY that help answers this question. This viewpoint goes directly to de-constructing the silly blind faith that the Pudd’nhead flag wavers keep following with every additional failed overseas venture.
The mindset that is common to U.S. troops serving overseas is that they are all doing it for America, for us, for our rights and freedoms, for our safety and security. They’ll all tell you that they are doing it because they love their country.
There’s one big problem with that mindset, however. The truth is that the troops, through what they’re doing over there, are indirectly destroying our country, our rights and freedoms, our safety and security, and our economic well-being.
Once again, the justification is to “keep us safe.” Safe from what? From the people over there who are angry over what the troops are doing over there. The more people the troops kill and maim, the angrier people get, the greater the threat of terrorist retaliation, the greater the need to keep us safe, and the greater the infringements on our freedom and well-being.
The troops have convinced themselves that they’re over there killing the people who would otherwise be coming over here to kill us. That’s ridiculous. If people wanted to come over here to kill us, they could easily circumvent the troops and come over here and kill us.
With the open border approach in effect, the long forgotten Monroe Doctrine exempts the refugees from our hemisphere from colonizing our own land. Such acts of aggression go unpunished, while deploying foreign legions around the rest of the globe is defended as necessary.
Wake up America! Where is the common sense to ignore the pontifications of government authorities and trained seal newspeak propagandists?
Celebrating the gallantry of a Navy SEAL psychopath assassin like Chris Kyle defies the most rudimentary sense of moral scrutiny, even if one wants to argue the “just war” theorem. However, if you candidly research the covert connections in the creation, funding and training of the mythical terrorism threats, the conclusion will adopt the undeniable linkage to Western government’s hidden hand behind the scenes.
Ken O’Keefe, a former US Marine discusses Washington’s major role in either generating or aggravating most of the current crises across the world and allowing groups like the ISIL Takfiri terrorists to foster and grow in the video US can no longer deny its support for ISIL.
Much has been written about how the world has changed after 9-11. The three videos on 911 a saga of deceit and lies goe unanswered because the facts presented have no legitimate counter by the establishment warmongers.
Chicken hawks, like Senator Lindsey Graham that routinely spread their drivel on Faux News are reprehensible. When his patron oracle Senator John McCain spills his vile indignation, the pompous faithful of the permanent warfare society rally round his banner.
The Zero Hedge article asks important questions, 59% Of Americans Support Post-9/11 Torture – Propaganda, Cultural Sickness, Or Both? The way you answer directly reflects your attitude about the supposed “War on Terror.” Whatever it takes to keep the homeland safe never includes questioning the factual circumstances that reveal the false flag nature, used for the phony justification to build a domestic police state.
There is no place for the “Truth Movement” in the realm of the NeoCon right-thinking camp. One such Kool-Aid dispenser in the deadly disease of disinformation is Cliff Kincaid. His article, Lies of the 9/11 “Truth” Movement, published in Accuracy in Media is a classic in denial.
The “inside job” theory of 9/11 is appealing to those holding a Marxist or anti-Semitic view that American foreign policy is secretly manipulated by “imperialist” or “Zionist” agents. On other occasions, the puppet-masters are “global elites” or members of secret clubs. These theories preclude serious thinking about why America is under attack and by whom. Facts and evidence don’t matter when a theory about sinister secret agents with no names makes more sense.
Paleo-conservatives are the genuine voice of authentic conservatism. The Love It or Leave It crowds of paper mache sword-waving jingoists who purport to be patriots are committed internationalists in the advancement of an American Empire. Their bellicose and warmongering mindset is no formula for genuine patriotism.
More Liberty Now concludes and asks a question that few dare to confront.
“Love it or leave it” admits that the government is a monopoly that claims ownership of us all. This ultimatum is not compatible with free market beliefs. It advocates settling for mediocrity and a monopoly. Worst of all, it’s a false choice since the very government we are urged to love will not allow anyone to leave its jurisdiction. That doesn’t fit within any definition of “patriotic” I’m aware of. Does it fit yours?
People are so dumbed down about true national security since 911 and gleefully boast and demonstrate their pride in stupidity. Hypocrites who refuse to face reality about their government and foreign policy wickedness, while pretending to be champions of American principles, are mentally ill betrayers.
Amerika is in a death spiral because denial is the new national anthem, sung to the tune of THE BATTLE HYMN OF THE REPUBLIC, for an American nation that no longer exists.
Original article archived here
SARTRE is the pen name of James Hall, a reformed, former political operative. This pundit’s formal instruction in History, Philosophy and Political Science served as training for activism, on the staff of several politicians and in many campaigns. A believer in authentic Public Service, independent business interests were pursued in the private sector. Speculation in markets, and international business investments, allowed for extensive travel and a world view for commerce. SARTRE is the publisher of BREAKING ALL THE RULES. Contact email@example.com
February 3rd, 2015 by olddog
Catherine J. Frompovich
In politics, nothing happens by accident. If it happened, you can bet it was planned that way. — Franklin Delano Roosevelt (Democrat) 32nd President of the USA: 1933 to 1945
The government, which was designed for the people, has got into the hands of the bosses and their employers, the special interests. An invisible empire has been set up above the forms of democracy. — Woodrow Wilson, (Progressive Movement Leader) 28th President of the USA: 1913 to 1921
I am concerned for the security of our great Nation; not so much because of any threat from without, but because of the insidious forces working from within. — Douglas MacArthur World War II American Five Star General
I never would have agreed to the formulation of the Central Intelligence Agency back in forty-seven , if I had known it would become the American Gestapo. — Harry S. Truman, 33rd U.S. President: 1945 to 1953
The liberties of a people never were, nor ever will be, secure, when the transactions of their rulers may be concealed from them. — Patrick Henry, a Colonial era Patriot
The individual is handicapped by coming face to face with a conspiracy so monstrous he cannot believe it exists. — J. Edgar Hoover, Director of the FBI 1924 to 1972
The real rulers of Washington are invisible and exercise power from behind the scenes. — Felix Frankfurter, Supreme Court Justice 1939 to 1962
Sarah, there’s a government inside the government and I don’t control it. — Bill Clinton (Democrat) 42nd President of the USA: 1993 to 2001
The age of nations must end. The governments of nations have decided to order their separate sovereignties into one government to which they will surrender their arms. — U.N. World Constitution
We shall have world government, whether or not we like it. The only question is whether World Government will be achieved by conquest or consent. — James Paul Warburg, German-born American banker and financial adviser to President FDR
A colossal event is upon us, the birth of a New World Order. — Brent Scowcroft, George H.W. Bush’s National Security Adviser
In this new world economy, national boundaries are increasingly becoming obsolete. — Ronald Reagan (Republican) 40th President of the USA: 1981 to 1989
The main purpose of the Council on Foreign Relations is promoting the disarmament of U.S. sovereignty and national independence and submergence into an all-powerful, one world government. — Admiral Chester Ward, Judge Advocate General of the U.S. Navy, also a 20-year CFR member, who became its sharpest critic
Who controls money controls the world.
NAFTA is a major stepping stone to the New World Order. — Henry Kissinger, a Republican politico
The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight-of-hand that was ever invented. — Sir Josiah Stamp 1920, Director of the Bank of England
The one aim of these financiers is world control by the creation of inextinguishable debts. — Henry Ford, Industrialist and founder of the Ford Motor Company
The only winner today is big business. — Stonewall Jackson, supposedly said the day of concession to the North during the Civil War
A global economy requires a global currency. — Paul Volcker, former Chairman Federal Reserve 1979 to 1987
To defend the New World Order, U.S. soldiers will have to kill and die. — Arthur Schlesinger, American historian 1917 to 2007
The threat of environmental crisis is the ‘international disaster key’ to unlock the New World Order. – Mikhail Gorbachev, President of the Soviet Union 1990 to 1991 and Nobel Prize for Peace recipient
Resource for above quotes: http://trueworldhistory.info/docs/quotes.html
It would seem that President Barack Obama is being saddled with venomous blame for the current state of affairs in the Unites States of America. And, that the Democratic Party is being blamed for everything that’s gone wrong. If you remember, Mr. Obama said it was all Bush’s fault! Well, this writer is here to propose that what’s been going on has been in the works for much longer than we know, as the apparent quotations from men in history have spoken to and which, apparently, has been ignored. Shame on us! I guess that’s what we get when we follow pop stars and TV sitcoms as more important than dirty politics, political shenanigans and spoon-fed, controlled media propaganda.
First, let me confess that I’m a registered Independent voter, who believes in being an equal-opportunity-critic to address whatever I think doesn’t pass constitutional muster.
It is my opinion that the current Democratic Obama administration is just the follow through on what’s been put into place shortly after the Kennedy assassination and, even more dramatically, since that fateful day known as 9-11 (2001).
Furthermore, it is my contention that things ramped up several critical notches when President Reagan took a bullet and lived. During that ‘national emergency’, Vice-President George H.W. Bush took over for several hours, during which I think the screws not only were set in place, but tightened to torque capacities for the incoming Agenda 21 that was being worked on under the radar. The New World Order and its apparent implementation tool, Agenda 21 probably was unleashed to subsume every country’s leadership. Those that would not ‘go along with the plan’ apparently would be made to ‘see the light’ or encounter problems. Anything come to mind?
So, as I assess the Obama administration’s agenda, he and his minions are apparent appointed successors, as every politico in high places after 2000 apparently must and will be. Why did the Bush-Gore elections outcome have to go to the U.S. Supreme Court, when we, the people, do the electing?
Probably, nothing speaks more to the truth of what’s going on than when President George W. Bush candidly –and obviously accurately – admitted “Money trumps peace,” as he spoke in this video.
But nothing more, in my opinion, lays out the agenda to dissolve individual and USA sovereignties than what comedian George Carlin rips about in his standup comedy routine when he takes on, and exposes, the Ronald Reagan administration criminals. I must warn you that Carlin’s delivery is toxic, as the language is not for timid ears. He drops ‘F bombs’ as frequently as the USA dropped 500-pound-laser-guided bombs on Iraq.
Remember, I warned you!
But here’s the apparent upcoming raspy rub, I think: the lame duck Obama administration’s apparent trump card to set up the 2016 election cycle spin, which will be an attempted end-run-play to get in to Republican money to support the president’s socialist and New World Order’s agenda plans of equalizing wealth.
That’s a scheme all socialists and Democratic Party members will buy into hook, line, and sinker. Apparently, most taxpayers think Republicans are the money people, thus the staged play for control of Republican money is going to be fun to watch. Here’s a little hint: Problem, solution, reaction—or the Hegelian Dialectic performing on center stage that may take on warp speed and lethal consequences. It will become a time to really test Republican political smarts, plus probably set into play voters’ displeasure that will place a Democrat in the White House in 2016. See how it works.
However, on the other hand, I think the political power-grab, dog and pony show played out between Congress and the White House just may take off some blinders from those who obviously, but previously, wanted to stay under the radar and not get involved. I foresee that “fun times” are about to rev up dramatically. Maybe we should tighten our seat belts for a rather interesting 114th Congressional and Washington-merry-go-round ride.
Catherine retired from researching and writing, but felt compelled to write this article.
Catherine J Frompovich (website) is a retired natural nutritionist who earned advanced degrees in Nutrition and Holistic Health Sciences, Certification in Orthomolecular Theory and Practice plus Paralegal Studies. Her work has been published in national and airline magazines since the early 1980s. Catherine authored numerous books on health issues along with co-authoring papers and monographs with physicians, nurses, and holistic healthcare professionals. She has been a consumer healthcare researcher 35 years and counting.
Catherine’s latest book, published October 4, 2013, is Vaccination Voodoo, What YOU Don’t Know About Vaccines, available on Amazon.com.
Her 2012 book A Cancer Answer, Holistic BREAST Cancer Management, A Guide to Effective & Non-Toxic Treatments, is available on Amazon.com and as a Kindle eBook.
Two of Catherine’s more recent books on Amazon.com are Our Chemical Lives And The Hijacking Of Our DNA, A Probe Into What’s Probably Making Us Sick (2009) and Lord, How Can I Make It Through Grieving My Loss, An Inspirational Guide Through the Grieving Process
January 31st, 2015 by olddog
By Paul Craig Roberts
Anyone paying attention knows that 9/11 has been used to create a police/warfare state. Years ago NSA official William Binney warned Americans about the universal spying by the National Security Agency, to little effect. Recently Edward Snowden proved the all-inclusive NSA spying by releasing spy documents, enough of which have been made available by Glenn Greenwald to establish the fact of NSA illegal and unconstitutional spying, spying that has no legal, constitutional, or “national security” reasons. Yet, Americans are not up in arms. Americans have accepted the government’s offenses against them as necessary protection against “terrorists.”
Neither Congress, the White House, or the Judiciary has done anything about the wrongful spying, because the spying serves the government. Law and the Constitution are expendable when the few who control the government have their “more important agendas.”
Bradley Manning warned us of the militarization of US foreign policy and the murderous consequences, and Julian Assange of WikiLeaks posted leaked documents proving it.
Were these whistleblowers and honest journalists, who alerted us to the determined attack on our civil liberty, rewarded with invitations to the White House and given medals of honor in recognition of their service to American liberty?
No. Bradley Manning is in federal prison, and so would be Julian Assad and Edward Snowden if Washington could get its hands on them.
Binney escaped the Police State’s clutches, because he did not take any documents with which to prove his allegations, and thus could be dismissed as “disgruntled” and as a “conspiracy kook,” but not arrested as a “spy” who stole “national secrets.”
Greenwald, so far, is too prominent to be hung for reporting the truth. But he is in the crosshairs, and the Police State is using other cases to close in on him.
These are only five of the many people who have provided absolute total proof that the Bill of Rights has been overthrown. Washington continues to present itself to the world as the “home of the free,” the owner of the White Hat, while Washington demonstrates its lack of mercy by invading or bombing seven countries on false pretenses during the past 14 years, displacing, killing, and maiming millions of Muslims who never raised a fist against the US.
Many commentators have written articles and given interviews about government’s ever expanding police powers. The totality of the American Police State is demonstrated by its monument in Utah, where an enormous complex has been constructed in which to store every communication of every American. Somehow a son or daughter checking on an aged parent, a working mother checking on her children’s child care, a family ordering a pizza, and sweethearts planning a date are important matters of national security.
Some educated and intelligent people understand the consequences, but most Americans perceive no threat as they “have nothing to hide.”
The Founding Fathers who wrote the Bill of Rights and attached it to the US Constitution did not have anything to hide, but they clearly understood, unlike modern day Americans, that freedom depended completely on strictly limiting the ability of government to intrude upon the person.
Those limits provided by the Founding Fathers are gone. The hoax “war on terror” demolished them.
Today not even the relationships between husband and wife and parents and children have any protection from arbitrary intrusions by the state.
Essentially, government has destroyed the family along with civil liberty.
Those insouciant Americans who do not fear the police state because they “have nothing to hide” desperately need to read: Home-schooled Children Seized By Authorities Still In State Custody:http://www.lewrockwell.com/2015/01/gary-north/homeschool-children-kidnapped/
In Police State America, authorities can enter your home on the basis of an anonymous “tip” that you are, or might be, somehow, abusing your children, or exposing them to medicines that are not in containers with child-proof caps or to household bleach that is not under lock and key, and seize your children into state custody on the grounds that you present a danger to your children.
The government does not have to tell you who your accuser is. It can be your worst enemy or a disgruntled employee, but the tipster is protected. However, you and your family are not.
The authorities who receive these tips treat them as if they are valid. A multi-member goon squad shows up at your house. This is when the utterly stupid “I have nothing to hide” Americans discover that they have no rights, regardless of whether they have anything to hide.
We owe this police power over parents and children to “child advocates” who lobbied for laws based on their fantasies that all parents are serial rapists of children, and if not, are medieval torturers, trained by the CIA, who physically and psychologically abuse their children.
In the opinion of “child advocates,” children are brought into the world in order to be abused by parents. Dogs and cats and the fish in the fishbowl are not enough. Parents need children to abuse, too, just as the Police and the Police State need people to abuse.
Of course, sometimes real child abuse occurs. But it is not the routine event that the Child Protective Services Police assume. A sincere investigation, such as was missing in the report on the home-schooled children, would have had one polite person appear at the door to explain to the parents that there had been a complaint that their children were being exposed to a poisonous substance in the home. The person should have listened to the parents, had a look at the children, and if there was any doubt about the water purifier, ask that its use be discontinued until its safety could be verified.
But nothing sensible happened, because the Police State does not have to be sensible.
Instead, a half dozen goon thugs show up. The parents are put outside in the snow for 5 hours while the children are scared to death with questions and then carried away from their home, mother, and father.
In Police State America, this is called Protecting Children. We owe this tyranny to the idiot “child advocates.”
It is no longer important to protect children from homosexuals, unless the homosexuals are Catholic child pedophiles. But it is absolutely necessary to protect children from their parents.
So, yes, dear insouciant American fool, whether you have anything to hide or not, you are in grave danger, and so are your children, in Police State America.
You can no longer rely on the Constitution to protect you.
This is the only way that you can protect yourself: grovel before your neighbors, your co-workers, your employees and employers, and, most definitely, before “public authority” and your children, as your children can report you. Don’t complain about anything. Do not get involved in protests. Don’t make critical comments on the Internet or on your telephone calls. Don’t homeschool. Don’t resist vaccines. Turn your backs to leaders who could liberate you as it is too dangerous to risk the failure of liberation. Be an abject, cowardly, obedient, servile member of the enserfed, enslaved American population. Above all, be thankful to Big Brother who protects you from terrorists and Russians.
You, dear insouciant, stupid, American are back on the Plantation. Perhaps that is your natural home. In his masterful A People’s History of the United States, Howard Zinn documents that despite their best efforts the exploited and abused American people have never been able to prevail against the powerful private interests that control the government. Whenever in American history the people rise up they are struck down by brute force.
Zinn makes totally clear that “American freedom, democracy, liberty, blah-blah” are nothing but a disguise for the rule over America by money.
Wave the flag, sing patriot songs, see enemies where the government tells you to see them, and above all, never think. Just listen. The government and its presstitute media will tell you what you must believe.
More evidence of Police State America: http://www.globalresearch.ca/notes-on-police-violence-in-america-police-shoot-and-kill-two-teenage-girls-within-two-weeks/5428432
Does it piss you off to read the truth? Maybe you should grow a set and do a little protesting to your local citizen elected representative; you know him/her, the ones that dine with the Banking Cartel.
January 29th, 2015 by olddog
By Ron Ewart
“Democracy must be built through open societies that share information. When there is information, there is enlightenment. When there is debate, there are solutions. When there is no sharing of power, no rule of law, no accountability, there is abuse, corruption, subjugation and indignation.” —Atifete Jahjaga, President of Kosovo
As we continue our articles on corruption it has become readily apparent that there is almost nowhere to stop, in that waste, fraud, abuse and corruption are not ancillary to government, they are part and parcel of it. Most of the federal bureaucracies have not only grown into powers unto themselves with littleoversight, they embody this culture of waste, fraud, abuse and corruption. This is the peril that each new nation faces as it ages, especially if the citizenry is wholly apathetic, as most Americans are today.
None in the list of the ever-growing federal bureaucracies epitomizes this waste, fraud, abuse and corruption more than the Internal Revenue Service (IRS). Its power to collect or to incarcerate, by virtually any means is almost absolute. As many Americans have found out the hard way, challenges to IRS power are met with silence, or the intransigence, arrogance and corruption of America’s judicial system that have become pitch hitters and enablers of IRS corruption, overreach and abuse. We wrote about this judicial corruption in our last article entitled:
“Corruption, Collusion and Cronyism, America’s Judicial System”
The history of the IRS is checkered at best and much of the blame of what the IRS has become can be laid directly at the feet of the U. S. Congress. Since its creation out of the 16th Amendment in 1913, the IRS Act was reconstituted every two years by Congressional legislation. Then in 1939, the Internal Revenue Code (IRC) was codified into statute under 26 USC. Several machinations and revisions to the code took place in the 50’s, then again in the 80’s and once more in the 90’s. Congress has toyed with it, manipulated it, revised it and bastardized it at almost every Congressional session with new laws to placate some special interest group, advance some social goal, or enhance some business interest.
The Treasury Department and the IRS itself have added to this congressional injustice by piling rule on top of rule in the IRC with no attempt to remove the conflicts or the ambiguities. With Obama Care now being tied to it, the IRC has virtually made slaves of every single American that believes they must comply with its twisted, mangled, distorted, confusing and conflicting regulations.
The controversy surrounding the IRS and its underhanded tactics to collect the revenue needed to operate the government is never ending. Worse than that, the IRS is being used as a political weapon by this and past administrations. It’s not just the Lois Lerner’s in the IRS. It’s an embedded culture of corrupted power throughout the agency.
Attempts to get to the bottom of its corruption by Congressional oversight are stonewalled by the IRS, the Treasury Department, the Justice Department and the White House, thereby allowing the IRS to continue its illegal and abusive tactics unimpeded. No one is fined, fired, or sent to jail. As the IRS stonewalls, the questions surrounding the legality of the Internal Revenue Code rage on.
One of the big questions is, are you, an American citizen, a “taxpayer?” If, in the IRC, there is a specific and legal definition of a “taxpayer” and you do not fit that legal definition, then why are you obligated to pay “income” taxes? If, in the IRC, there is a legal, clear and concise definition of what is to be construed as “income” and your income does not meet that legal definition, why then should you pay any IRS taxes at all? If we are not a government of laws where those laws have unambiguous meanings, then we are a government and a people in chaos where those with the guns can make up the laws. That is not a Constitutional Republic ladies and gentlemen, that is a dictatorship.
Regarding the legal definition of “taxpayer” from the IRC: Only “taxpayers” made “liable” for the tax by statute are required by the IRC to be subject to the “income” tax. This fact has been clearly stated through the years in many court decisions including Long v. Rasmussen, 281 F.Supp. 236 (1922), Stuart v. Chinese Chamber of Commerce of Phoenix, 168 F.2d 712 (1948), First National Bank of Emlenton, Pa. v. US, 161 F.Supp. 847 (1956), Botta v. Scanlon, 288 F.2d 509 (1961), and Economy Plumbing v. US, 470 F.2d 589 (1972).
“Taxpayer” is a legal term defined in 26USC7701(a)(14) which states, “The term ‘taxpayer’ means any person subject to an internal revenue tax.’” For a person to be subject to a tax there must be a provision in the law stating clearly that his or her activity makes him or her “liable” for the tax. There are only two things that create the presumption of “taxpayer” status and those are the signing of a W4 “withholding allowance” certificate, or voluntarily, with full knowledge and willful consent, executing an Income Tax Return Form 1040. Without the W4, or voluntarily filing a Form 1040, the IRS has no legal authority to demand that Americans pay taxes. To our knowledge there has been no determination by a court of competent jurisdiction declaring under oath or affirmation and under penalty of perjury that an American citizen is a legal term “taxpayer” without the citizen being clearly identified in the statutes, or having first volunteered into compliance.
Try to get the IRS to disclose the law which compels such a man or woman to voluntarily submit himself to the Code when the Code itself only compels “withholding agents” to pay the tax withheld from those made liable under Code sections 1441, 1442 and 1443 (See Exhibit 1, “Who is Liable…”). This conclusion is derived from the term “taxable year” defined in 26USC7701(a)(23) to mean “the calendar year . . . of which the taxable income is computed under subtitle A.”
So, who is included “under subtitle A.” This is disclosed in the term definition of “withholding agent”. This is the ONLY definition of “withholding agent” in Title 26. In unambiguous statutes of the United States, codified in 26USC7701(a)(16), “Withholding agent. — The term ‘withholding agent’ means any person required to deduct and withhold any tax under the provisions of sections 1441, 1442, 1443, or 1461.” The limiting term definition of “withholding agent” “means any person required to deduct and withhold any tax” is conclusive and includes only “any [all] persons required to deduct and withhold” from any [all] tax, with no exceptions.
Thus, the ONLY parties “under Subtitle A” are listed in 7701(a)(16). These specific parties are identified in Subtitle A, i.e. section 1441 (non-resident aliens), section 1442 (foreign corporations) and section 1443 (foreign organizations) with the hold harmless clause for Subtitle A being section 1461. Only these Subtitle A parties can have money forcibly deducted and sent to the IRS. Therefore, it follows that only those parties mentioned in Subtitle A’s definition of “withholding agent” can be legally liable to file and pay income taxes, under Subtitle A.
It is clear that IRS has nearly everyone convinced that they are “required” to “voluntarily self-assess” their tax liability at least annually and pay to the IRS the amount they themselves have deemed they owe. This, despite the fact that the IRC only makes “Withholding Agents” liable for filing an Income Tax Return (Form 1040), or for paying a tax.
The income tax law (IRC), however, is the only instance where there is no clear liability provision defining just who is liable for the tax. Although partners are called “liable” for taxes on partnerships, that “liability” is only in their “individual capacity”, and there is no provision in the IRC making them liable in their “individual capacity”. That of course, is ambiguous. The only clear liability provision is section 1461, which specifically assigns liability for the tax to those required to withhold taxes on nonresident aliens and foreign corporations. While 26USC3403 does require employers to withhold income tax from employees, there is no law that makes the employees liable for the tax in the first place. Thus, there is no law making the typical American liable for any income tax, unless he voluntarily agrees to be assessed by singing a W4 statement, or filing a Form 1040 and signing it under penalty of perjury.
Further, the fact is that the “income” tax is an indirect tax on franchised or privileged activities, not on everyone’s “income”. The “income” is merely a measure for the tax. The Congressional Record, Volume 89, Part 2, on Page 2580 for March 27, 1943, states:
“The income tax is, therefore, not a tax on income as such. It is an excise tax with respect to certain activities and privileges which is measured by relevance to the income which they produce. The income is not the subject of the tax; it is the basis for determining the amount of the tax. The U.S. Supreme Court in the case of Flint v. Stone Tracy Co., 220 US 107, in discussing income tax as an excise tax, stated on page 165, ‘It is therefore well settled by the decisions of this Court that, when the sovereign authority has exercised the right to tax the legitimate subject of taxation, as an exercise of franchise or privilege, it is no objection if the foundation of the taxation is found in the income.’”
If any of the above statements are true, and there are many who believe they are, then the entire Income Tax Code is a fraud, irrespective of the fact that the IRS is hopelessly corrupt. But woe be to the person who acts on the alleged strength of these statements. The full force of the IRS, the Treasury Department and the Justice Department will come down on the fool who relies on the law, as legally codified in the IRC, to argue that he or she does not owe income taxes.
But remember, if the IRS is attempting to enforce laws (the IRC) on American citizens that do not exist, or are not authorized by statute, the IRS is acting under the “color of law”. Acting under the “color of law” is not only illegal, it amounts to corruption, collusion and conspiracy, if not open tyranny. The only remedy for the citizen is to sue the government for violation of his or her civil rights under 42 USC Sections 1983 and 1985 in the corrupt judicial system. Good luck with that.
The U. S. Supreme Court made it clear in United States v. Lee, 106 US 196 (1882):
“It seems to be opposed to all the principles upon which the rights of the citizen, when brought in collision with the acts of the government, [106 U.S. 196, 219] must be determined. In such cases there is no safety for the citizen, except in the protection of the judicial tribunals, for rights which have been invaded by the officers of the government, professing to act in its name. There remains to him or her the alternative of resistance, which may amount to crime.”
But if judicial tribunals (our Kangaroo courts) are also corrupt, as we wrote in the above referenced article, what recourse does that citizen have to defend against a government bureaucracy that is corrupt and has the power to confiscate or incarcerate …. or perhaps even make you disappear?
If Americans cannot root out this systemic corruption in our institutions of government, whether local, state, or federal, the jaws of the vice of unconstitutional legislation, rules, regulations and ordinances will close upon all of us until we will not be able to move in any direction without the permission of that same corrupt government. Make no mistake that permission will be issued at the point of a gun.
Those who do not have the vision to see this outcome as our only future without intervention by the people are doomed to one day find themselves in chains. Corruption is the internal enemy of a free nation. Who dare rise to expose it? We do! Our recent articles on corruption in government, we have written and continue to write, are our first attempt to do just that. We intend to build on these articles with specific actions.
- “Obama, Congress, Media on IRS – Feigned Outrage!”
2.“Your Ignorance of the IRS is Their Weapon Against You”
3. “The IRS On Trial for Corruption and High Crimes”
4. “Why Congress Will Never Repeal the IRS”
5. “Why Are Thousands of Americans Not Paying Taxes”
NOTE: We’d like to specifically thank Donald Sullivan for his research and contribution to some of the language (shown in italics) that has been presented in this article.
[NOTE: The forgoing article represents the opinion of the author and is not necessarily shared by the owners, employees, representatives, or agents of the publisher.]
© 2015 Ron Ewart — All Rights Reserved
Ron Ewart, a nationally known author and speaker on freedom and property issues and author of his weekly column, “In Defense of Rural America”, is the President of the National Association of Rural Landowners, (NARLO) (http://www.narlo.org) a non-profit corporation headquartered in Washington State, an advocate and consultant for urban and rural landowners. He can be reached for comment at firstname.lastname@example.org.