Categories » ‘Banking Fraud’
July 29th, 2015 by olddog
By Rory Hall
Earlier today I was speaking with Dave Kranzler and we fell into a discussion regarding the current state of gold and silver. This is how I described everything to Dave as we talked:
Beginning in December, as Dave pointed out in Is The Global Financial System On The Brink Of Collapse?something happened in the derivatives market and I believe something broke and there has been an ongoing smoldering fire just under the surface. The criminals at the too big to prosecute mafia organizations, formerly known as banks, have been doing their level best to keep the fire from coming to the surface. The desperate behavior by the Central Planners reeks of the unmistakable scent of fear. If you think the Wall Street criminals aren’t scared right now, then explain this:
I’ve never seen so many sophisticated Wall Street’ers this scared in my entire career. – This comment comes from a very well-connected Wall Street/DC insider and is in reference to how illiquid the bond markets have become –InvestmentResearchDynamics
Subsequent to whatever it was that blew up behind the scenes in December, a smallish bank in Austria blew up and filed for bankruptcy. Approximately two weeks later, a bank in Germany began having problems due to the derivatives associated with the Austrian bank.
In April we learn, by way of Mr. Steve St. Angelo of the SRSRocco Report, the gold and silver miners are beginning to have serious cash flow problems and output is slowing down. We also learned, from Mr. Jeff Brown when we interviewed him on Shadow of Truth, that China had been removing silver ore directly from the miners. We believe this was to supplement their solar program which requires approximately 90% of the silver that China mines internally; leaving them virtually nothing to create silver bullion coins, medallions, silver bars or ingots for investment purposes. We also learned that India is also following the same line as China and has undertaken a massive solar energy program for their country. Currently, we do not have the information regarding how much silver India is pulling from the market but we do know their silver bullion imports have exploded in 2015.
On July 5, the Prime Minister of Greece, Alexis Tsipras, decides to hold a referendum and allow the people of Greece to decide if they want to stay in the EuroZone and continue using the Euro as their currency. The Syriza Party, of which Mr Tsipras is a member, was elected with 35% majority, for the specific purpose of ending of austerity. As many people know, Greece has experienced enormous economic problems since joining the EuroZone and has taken on approximately $350 billion worth of debt from the IMF. The people of Greece voted, by a margin of 61% to 39%, to leave the EU and stop using the Euro. The Prime Minister responded by telling the Greek people, they would NOT be leaving the EuroZone and would in fact be taking on more debt from the IMF and would continue using the Euro!! The Greeks responded accordingly and have been protesting, rioting and various other nasty things since this happened. I don’t blame them one bit.
The second week of July 2015 the US Mint sells completely out of American Silver Eagles. This was unannounced, no forewarning was given at all. Usually if supplies become tight the Mint, in the past, has moved to allocated (read rationed) sales to the wholesalers. Not this time. The Mint opened their doors (figuratively) for business and before lunch had announced they were sold out and promptly closed their doors!
The following week China announces, for the first time in five years, their current Official gold holdings. The increase was greeted with little enthusiasm as no one actually believed the amount announced. Most analysts believe the amount of gold held by China is much higher than they are willing to share with the world.
Then a very curious thing happened. With all of the bullet points above as a back drop, four days after China makes their announcement of current gold holdings, someone or something triggered a massive selloff of gold futures. 716,000 ounces of gold, approximately 3% of annual global gold mining production, was sold in approximately 1 minute’s time. WOW!!! Why would this happen at this time unless something was very, very wrong? China just announced they had increased their holdings, the global economy is in trouble and someone decides that now is the opportune time to unload 3% of global gold in 1 minute!! Does that make sense to you? Does that sound like the act of a desperate, trapped rat? It does to me.
It seems like something else other than a derivatives event happened in December 2014 which has broken in the gold and silver markets. It seems like something unprecedented is about to make a grand entrance. I am not 100% sure, but I know this: if you don’t have several months worth of cash, food, water and security on hand you better make a move and you better make it quick. Fall is coming, and there have been way too many people saying that fall of 2015 something is going to change; the picture seems pretty clear….
July 28th, 2015 by olddog
By Ron Paul
The drama over Greece’s financial crisis continues to dominate the headlines. As this column is being written, a deal may have been reached providing Greece with yet another bailout if the Greek government adopts new “austerity” measures. The deal will allow all sides to brag about how they came together to save the Greek economy and the European Monetary Union. However, this deal is merely a Band-Aid, not a permanent fix to Greece’s problems. So another crisis is inevitable.
The Greek crisis provides a look into what awaits us unless we stop overspending on warfare and welfare and restore a sound monetary system. While most commentators have focused on Greece’s welfare state, much of Greece’s deficit was caused by excessive military spending. Even as its economy collapses and the government makes (minor) cuts in welfare spending, Greece’s military budget remains among the largest in the European Union.
Despite all the hand-wringing over how the phony sequestration cuts have weakened America’s defenses, the United States military budget remains larger than the combined budgets of the world’s next 15 highest spending military’s. Little, if any, of the military budget is spent defending the American people from foreign threats. Instead, the American government wastes billions of dollars on an imperial foreign policy that makes Americans less safe. America will never get its fiscal house in order until we change our foreign policy and stop wasting trillions on unnecessary and unconstitutional wars.
Excessive military spending is not the sole cause of America’s problems. Like Greece, America suffers from excessive welfare and entitlement spending. Reducing military spending and corporate welfare will allow the government to transition away from the welfare state without hurting those dependent on government programs. Supporting an orderly transition away from the welfare state should not be confused with denying the need to reduce welfare and entitlement spending.
One reason Greece has been forced to seek bailouts from its EU partners is that Greece ceded control over its currency when it joined the European Union. In contrast, the dollar’s status as the world’s reserve currency is the main reason the US has been able to run up huge deficits without suffering a major economic crisis. The need for the Federal Reserve to monetize ever-increasing levels of government spending will eventually create hyperinflation, which will lead to increasing threats to the dollar’s status. China and Russia are already moving away from using the dollar in international transactions. It is only a matter of time before more countries challenge the dollar’s reserve currency status, and, when this happens, a Greece-style catastrophe may be unavoidable.
Despite the clear dangers of staying on our recent course, Congress continues to increase spending. The only real debate between the two parties is over whether we should spend more on welfare or warfare. It is easy to blame the politicians for our current dilemma but the politicians are responding to demands from the people for greater spending. Too many Americans believe they have a moral right to government support. This entitlement mentality is just as common, if not more so, among the corporate welfare queens of the militarily-industrial complex, the big banks and the crony capitalists as it is among lower-income Americans.
Congress will only reverse course when a critical mass of people reject the entitlement mentality and understand that the government is incapable of running the world, running our lives and running the economy. Therefore, those of us who know the truth must spread the ideas of, and grow the movement for, limited government, free markets, sound money and peace.
This article provided courtesy of the Ron Paul Institute for Peace and Prosperity.
How many of you remember my past warning about building a one hundred million re-educated people force as the only possible way to defeat this foreign owned imposter government we live under. Are you still ignorant of the truth to consider it treason to survive? TAKE THIS TO THE BANK FOLKS, EITHER YOU PARTICIPATE IN RE-EDUCATING EVERY ONE YOU CAN, OR THE REST OF YOUR SHORT LIFE WILL BE HELL ON EARTH!
July 22nd, 2015 by olddog
So, why are we still in the United Nations?
By A. Dru Kristenev — Bio and Archives
After the United States’ president orchestrated the ultimate circumvention of his country’s representative branch of government in order to assist the western world’s archenemy to gain a foothold in the nuclear fraternity, the manner in which Obama achieved his ends must be closely examined. Not only is the president’s rationale questionable, but the five co-conspirator nations must be scrutinized for their complicity in endangering their own citizens.
As much as leaders of the free world praise the arrival of a global economy and each nation’s supposed place in it, the concept of a globally accepted, or acceptable, governing body is yet anathema to the average person. It matters not if they hail from Australia or Uzbekistan, no one is particularly interested in handing over power to an absent agency that, aside from not truly owning real estate in any of the member nations, resembles an absent landlord. The United Nations has become a squalling voice complaining about injustice all the while providing the best path to establish institutional injustice.
Engineering the manner by which the UN was to be used as a surrogate for the United States Congress, Obama laid the foundation with the participation of the Senate. Whether the collusion was attained knowingly or unwittingly, only those senators who voted for the Corker Bill that sidelined their treaty ratification power know for certain. The craftiness that inspired the sly move was accomplished through bending rules of language, something in which the Obama administration has become expert. The fact that Bob Corker and the other assenting senators were sucked into believing the Iran deal (that ensured Iran’s nuclear future) was an ‘executive agreement’ is proof of either their compliance with Obama or their gullibility. Neither description being complimentary, let alone inspiring trust.
Groundwork was laid from the beginning to use the withering body of politically correct UN dupes to do an end run around not just Americans, but the citizens of the other nations at the negotiation table.
The question should then be asked, why does the United States continue to hold membership in an organization that vilifies it, the sponsor nation? A nation that bankrolls a group harboring so-called diplomats from enemy countries who are welcomed inside its borders, walk its streets freely and plot its destruction, is simply dense for continuing any association. All one need do is listen to the Iranian parliament complain that the deal’s ICBM ban isn’t tolerable as it might keep them from developing the method to deliver nuclear missiles overseas and eventually into the laps of the Great Satan… us. That is, after they’ve annihilated Israel.
If Congress has any self-respect, or plain respect for those it represents, the citizens who constituted this nation, then it’s time the Senate and House disassociated the United States from the adversarial United Nations. There is no good purpose in belonging to an organization that makes every effort to bite the hand that feeds it. How much contempt should America endure from a batch of ragtag nations that are perfectly comfortable bleeding us monetarily while threatening our very lives?
The answer should be obvious except for the self-hate that has been fostered by public re-education that rewrites history to demean our heritage.
It is past time to terminate membership in the United Nations and boot them from our shores.
Only the most stupid person, or deviant traitor would let their country and its people – economy – traditions – and every other facet of their lives be dominated by a shadow governing body. People of America please grow a set and demand the U.N. be evicted, dismantled, and disgraced. For God’s sake folks, wake the hell up and make your demands heard. Stop this stupid, idea you can’t do anything about it, because you can! “Any people anywhere, being inclined and having the power, have the right to rise up and shake off the existing government and form a new one that suits them better. … Nor is this right confined to cases in which the whole people of an existing government may choose to exercise it. Any portion of such people that can may revolutionize and make their own of so much of the territory as they inhabit.” Lincoln expressed that view in an 1848 speech in the U.S. House of Representatives, supporting the war with Mexico and the secession of Texas [from Mexico]. (By Paul Craig Roberts)
July 21st, 2015 by olddog
Peter O’Toole as British Intelligence agent, T.E. Lawrence.
By Jay Dyer
From Benghazi to Turkey, the ISIS “supply lines” are directly from NATO-controlled territory, and apparently it never occurs to the minds of Western media to ask where, in fact, the so-called Islamic State obtains their arms. The reason for this is obvious, as it would demonstrate that the Islamic State is not a homegrown, indigenous Wahhabist extremist group, but Western creation, funded and aided like Al Qaeda since its inception, as Carter and Brzezinski openly discussed. Not much has changed in the international terror theater since 1979, save the targets. Counterpunch noted over a decade ago: Q: The former director of the CIA, Robert Gates, stated in his memoirs [“From the Shadows”], that American intelligence services began to aid the Mujahadeen in Afghanistan 6 months before the Soviet intervention. In this period you were the national security adviser to President Carter. You therefore played a role in this affair. Is that correct? Brzezinski: Yes. According to the official version of history, CIA aid to the Mujahadeen began during 1980, that is to say, after the Soviet army invaded Afghanistan, 24 Dec 1979.
But the reality, secretly guarded until now, is completely otherwise: Indeed, it was July 3, 1979 that President Carter signed the first directive for secret aid to the opponents of the pro-Soviet regime in Kabul. And that very day, I wrote a note to the president in which I explained to him that in my opinion this aid was going to induce a Soviet military intervention.
Concerning the aiding and funding of the updated Mujahideen-Al Qaeda-ISIS brand, Tony Cartalucci comments: The London Telegraph would report in their 2013 article, “CIA ‘running arms smuggling team in Benghazi when consulate was attacked’,” that: [CNN] said that a CIA team was working in an annex near the consulate on a project to supply missiles from Libyan armouries to Syrian rebels. Weapons have also come from Eastern Europe, with the New York Times reporting in 2013 in their article, “Arms Airlift to Syria Rebels Expands, With Aid From C.I.A.,” that: From offices at secret locations, American intelligence officers have helped the Arab governments shop for weapons, including a large procurement from Croatia, and have vetted rebel commanders and groups to determine who should receive the weapons as they arrive, according to American officials speaking on the condition of anonymity.
And while Western media sources continuously refer to ISIS and other factions operating under the banner of Al Qaeda as “rebels” or “moderates,” it is clear that if billions of dollars in weapons were truly going to “moderates,” they, not ISIS would be dominating the battlefield. Recent revelations have revealed that as early as 2012 the United States Department of Defense not only anticipated the creation of a “Salafist Principality” straddling Syria and Iraq precisely where ISIS now exists, it welcomed it eagerly and contributed to the circumstances required to bring it about.” In terms of foreign policy, the target with ISIS is still Syria, as Washington elites have expounded through their Brookings Institution discussion of June 24, a rebound from the failed attempt by John Kerry to drum up support for war with Syria that fell flat due to the exposure of the laughable false flag “chlorine attack” propaganda pinned on Assad.
Now ISIS is both the means and the raison d’etre for invading and saving Syria, in the classic problem-reaction-solution strategy the West never tires from enacting in the global “freedom” war. Acting far inferior to Peter O’Toole. The endless, eternal war on terror is a contrived strategy of tension the Atlanticist establishment has used for over a hundred years, dating back to the exploits of Harry St. John Philby, T.E. Lawrence and the British carving up of the Middle East and special relationship with Saudi Arabia.
As mentioned, nothing has changed in the last century, other than the focal point of the terror attacks, as the Middle East must constantly be broken up, destabilized and reorganized into “micro-nations” more amenable to Washington’s corrupt corporate and ideological expansionist domination. Recent so-called “terror events” are merely dots on the long timeline of terror, a scripted narrative designed to remodel the American landscape as much as the Middle East, according to D.C. think tank machinations. Saudi Arabia, of course if one of the world’s chief funders of terror, operating as a proxy for the Western elites. Jordan, Qatar, the UAE, Oman, Bahrain and Kuwait are all “Gulf Cooperation nations,” arising from the aegis of the British Empire, and adopted under the U.S. empire.
And what is constantly forgotten is the origin of this cadre’s alignment of the West through oil production was not merely the result of OPEC and Kissinger, it was in fact organized by Bilderberg: It was Bilderberg that organized the ’70s OPEC oil debacle. Isn’t it curious the GCC pro-terror states are also Western-supplying oil states? Citing William F. Engdahl in his A Century of War, Andrew Gavin Marshall writes: One enormous consequence of the ensuing 400 per cent rise in OPEC oil prices was that investments of hundreds of millions of dollars by British Petroleum, Royal Dutch Shell [both present at Bilderberg] and other Anglo-American petroleum concerns in the risky North Sea could produce oil at a profit,” as “the profitability of these new North Sea oilfields was not at all secure until after the OPEC price rises.” In 2001, the former Saudi representative to OPEC, Sheik Ahmed Yamani, said, “’I am 100 per cent sure that the Americans were behind the increase in the price of oil. The oil companies were in real trouble at that time, they had borrowed a lot of money and they needed a high oil price to save them.”
When he was sent by King Faisal to the Shah of Iran in 1974, the Shah said that it was Henry Kissinger who wanted a higher price for oil. (136-7) In other words, war is a racket, as General Smedley Butler famously stated, and the new “War on Terror” (TM) of our day is not new, but an updated version of the old British strategy of staving off Russia. Little has changed a century later, as the major power bloc of the West, the Atlanticists still charge forward according to the Mackinder Heartland doctrine that the Western merchant/banking sea power must dominate and control the Eurasian “heartland” to ensure no Eastern rivalry.
Through the export of Opium, China was subjugated, and through export of Marxism, both China and Russia experienced the havoc of Western-born ideological materialism. Heartland versus Rimland. It is precisely this same utilitarian Anglo-empiricist, pragmatist philosophy that has ultimately turned on its own populace in a parasitical fashion unheard of for past empires.
Promising sensual and economic utopia, the Bolshevik export to Russia on the part of the Atlantic banking power is not the top-down social engineering strategy of the corporate elite upon the U.S. population itself. The great delusion is that the West is “free,” when it is entering the realm of greater enslavement than Sovietism experienced. The only difference is the foolish Western populace cannot grasp their enslavement is at the hands of Marxist corporations.
The central banks, the Fortune 100 and their shareholders love cultural Marxism and command and control, socialist economic models because it is the quickest way to consolidate wealth and transfer the actually valuable assets to the controlling oligarchy. In such a system, the opposition will inevitably all be titled “terrorists,” as the appellation is already being extended beyond radical Islamists. And after it extends beyond the average person, the conditioning will be so strong that any thoughts, words, actions or potential-pre-crime actions will also follow under the elastic notion of “terror.”
Terrorism is thus a social weapon, not of indigenous, individual “actors” and lone wolves, but stage managed dupes, patsies and tools of an international oligarchical cartel, as Orwell demonstrated in 1984 with the fictional villain of Immanuel Goldstein. Indeed, who funds these groups? (We saw who, above). The most obvious fact of the contradiction of the “War on Terror” (TM) is that it almost always works to further Washington’s domestic and geopolitical aims. Terror, then, is like Trotsky’s notion of perpetual war – perpetual war on the psyche of the globe (it’s a global war on terror), as a phase in the dialectical convergence on the path to global government. That is why terrorism serves western political aims. You can read more from Jay Dyer at his site Jay’s Analysis.
This article may be re-posted in full with attribution.
July 20th, 2015 by olddog
By Joshua Krause
As America continues to descend into a vicious police state, many have wondered how it all came to this. The easiest answer to that question, is that we let it happen. No matter how brutal a regime may be, tyrants never come to power unless they gain the approval, or at least the indifferent consent of their people.
So the real question is, how come so many people seem absolutely complacent in the face of our crumbling cultural values, and the steady march of tyranny? Even worse, how can so many people revel in it? It seems like the number of people who truly value freedom are severely outnumbered by idiots and power tripping busybodies. Granted, the number of people who want to be free has grown in recent years, but they’re still few and far between when compared to the glut of grovelling masses that we share the world with.
Here’s the awful answer to that question, and the dirty truth that most people can’t bring themselves to admit. Most people love freedom, but only as an idea. They like the idea that they can do whatever they want, they admire the archetype of the rugged individualist, and everyone loves underdogs and rebels. In other words, people love the banners and symbols of freedom, but do they love freedom in practice?
I would argue that no, many of them don’t. As strange as it may sound, most people really struggle with having freedom. Let me provide an example, of which there are many in the field of marketing.
In the year 2000, two psychologists conducted a study on how the number of choices we have affects our behavior. They went to a supermarket and displayed 24 different gourmet jams on a table, and provided $1 coupons to see how much interest it garnered. They did the same thing the next day, but instead of 24 jams, there were only 6. The large display attracted much more interest, but the small display generated 10 times as many sales.
Maybe you think that study is inconsequential, and I wouldn’t blame you for thinking that, but let me share another case that will clarify my point. One of the psychologists who conducted that study, did another study on the differences between end-of-life care in the United States and France. She interviewed parents in both countries who had children on life support. In France, the doctor makes the decision as to whether or not a child is taken off life support, and in the United States it is the parents’ decision.
She talked to these parents a year after their children had died. The American parents were much more distraught over their decision to pull the plug. They still had nagging doubts about whether it was the right decision to make, and they felt like they had “executed” their children. The French parents, on the other hand, didn’t feel nearly as bad about the situation. They were well on their way to coping with the tragedy.
The point I’m trying to make here is that most people don’t like having choices, despite how much they’ll argue to the contrary. The more choices they’re given, the more likely they are to not like the choices they have or make. There’s much more doubt about whether or not that choice was correct, which leads to some pretty counter-intuitive conclusions. You can measure how free you are by the number of choices you have, and most people claim to love freedom, but in many cases those people are happier when they have fewer, or no choices. I think most people are simply happier without freedom, which is unfortunate and sad to say the least.
And that is why so many people accept tyranny, and why it will always be a problem for the human race. Because tyranny is so much easier than freedom. It is acquiescence. It means giving up. Tyranny is for quitters, and it amounts to handing over the reins to someone else. Most people are happier when they don’t have a choice, and they don’t even realize it.
However, there is another way to look at this odd human behavior.
There was another interesting fact that was gleaned from that study. The American parents who had chosen to take their sick children off life support, still regretted their decision. But when asked if they would have had it any other way, most of them claimed that they would have still made the same decision. Their decision made them unhappy, they knew it made them unhappy, but when they were asked if they would have rather let the doctor make that choice, they all said no.
And that right there is an example of people who truly want freedom, and not just the rosy idea of freedom. Those who truly want freedom are willing to accept the painful struggle of having a choice in life, and prefer it to the ignorant bliss that comes with not having a choice. However, it was only applicable to that particular situation. Would those same parents prefer to have a choice in every other aspect of their lives?
Unfortunately, that kind of person is a rare bird these days. If you could ask everyone in the world about their ethics and political beliefs, you’d probably find a wide variety, but most of them would have one thing in common. There’s always some part of their lives that they are willing to relinquish to a “higher authority,” and that part differs depending on their ideology. Most people don’t really want the full freedom package.
So it’s up to the rare few who really want freedom, without compromise, to make it a reality for themselves. The human race will always teeter on the edge of a tyrannical abyss, because there is an inherent weakness in our species. We’re happier when we don’t have so many choices (or freedom), which means that accepting tyranny is easy for us. It takes all our strength and moral fiber to rise above it, because we default towards tyranny (which is defined by the lack of choice in our lives) when we stop caring. It’s our natural inclination.
Just as human weakness and apathy leads to ignorance, violence, and hatred, it also destroys freedom. And the political and financial elitists of the world want you to give in to your weaknesses, and fall back on those baser instincts. They want you to give up. They want you to yearn for a simple life, where your choices are taken care of by someone else. They want you to be a slave.
But do you really want that? Do you have the strength to make that choice?
Joshua Krause is a reporter, writer and researcher at The Daily Sheeple. He was born and raised in the Bay Area and is a freelance writer and author. You can follow Joshua’s reports at Facebook or on his personal Twitter. Joshua’s website is Strange Danger.
This article may be re-posted in full with attribution.
July 18th, 2015 by olddog
By Eric Zuesse
http://www.esm.europa.eu/pdf/ESM Treaty consolidated 13-03-2014.pdf
That’s the treaty establishing (which was originally done in 2012) the ultimate lending-fund for what the EU now officially considers to be a permanent economic crisis in Europe, of member-nations that are experiencing “severe financing problems,” and that are therefore continually ripe for asset-stripping by aristocrats.
It’s called the European Stability Mechanism.
It’s anything but that. Here is what it actually does:
In other words: it establishes the European bureaucracy to serve global aristocrats, so as to help them asset-strip the European populations of corrupt member-nations. These bureaucrats get transferred back-and-forth between this bureaucracy and the big financial institutions (which also are dependent upon the same billionaires), so that these bureaucratic servants of the aristocracy can themselves gradually emerge as aristocrats, basically joining (now becoming principals, no longer merely agents of) the aristocratic financial war stripping the public.
Here are some key provisions of this “Treaty,” or Europe’s (or the EU’s) new constitution:
Article 34. Professional secrecy. The Members or former Members of the Board of Governors and of the Board of Directors and any other persons who work or have worked for or in connection with the ESM shall not disclose information that is subject to professional secrecy. They shall be required, even after their duties have ceased, not to disclose information of the kind covered by the obligation of professional secrecy.
Article 35. Immunities of persons. 1. In the interest of the ESM, the Chairperson of the Board of Governors, Governors, alternate Governors, Directors, alternate Directors, as well as the Managing Director and other staff members shall be immune from legal proceedings with respect to acts performed by them in their official capacity and shall enjoy inviolability in respect of their official papers and documents. …
Article 36. Exemption from taxation. 1. Within the scope of its official activities, the ESM, its assets, income, property and its operations and transactions authorised by this Treaty shall be exempt from all direct taxes. …
It’s a “Mechanism” (basically, a government) to transfer to the aristocracy the public’s assets, which are the lands and pensions and healthcare and educational systems, which, in a democracy, are supposed to serve the public, but which, in an aristocracy, serve instead the billionaires. In Europe, aristocrats are still in charge.
For example, one confidential document, dated 11 June 2013, “Real Estate Based Asset Financing for the Hellenic Republic,” has this:
“The Hellenic Republic [Greece] holds a diverse collection of assets, many of which have been scheduled for sale as part of its commitments under the Memorandum of Understanding (MoU) between the European Commission, the International Monetary Fund, the European Central Bank [the three members of ’The Troika’], and the Hellenic Republic. The sale of state-owned assets is a one-off opportunity to raise capital for the Hellenic Republic [to be able to repay banks, which had lent to Greece at an 18% interest rate — and thereby already enriched aristocrats heavily at the public’s expense — and now retrospectively taxpayer-guaranteeing those junk bonds, which global aristocrats had bought through those banks, granting these 18%-interest-rate junk bonds a retrospective AAA+ equivalent taxpayer-guaranteed status, courtesy of the politicians who were supposed to have represented the public].”
Furthermore: “This would help increase the privatisation proceeds beyond the amount currently forseen in the MoU. The majority of the real estate is undeveloped land, with substantial potential,” which “potential” won’t be enjoyed by the Greek public via a future improved Greek national economy and increased tax-income into the Greek Government, but instead enjoyed by global aristocrats, who will be buying that “undeveloped land” now, before its value soars — so that aristocrats will be in on the rip-offs of the Greek public, both coming, and, now, going.
The document specifies that, “A large part of the Greek real estate portfolio is suitable for tourist development, and given Greece’s climate and leisure and holiday potential this is the key source of potential value for investors.” In other words: whatever desperate Greeks will still remain in Greece after all of the stripping of the assets of the state, will now become available, at rock-bottom subsistence wages, to serve tourists, while the billionaire owners, throughout the world, will be reaping the profits, from that land (including the beaches and new hotels), and from their slaves there (serving those tourists). This is commonly called “the free market”: the more desperate and poor the public (the Greeks serving those tourists) are, the more profit the aristocracy (the owners of those resorts) will receive. After Barack Obama’s coup overthrew Ukraine’s democratically elected President in February 2014, Ukraine’s soaring debt is already being treated this way (being set up for privatization), even before Ukraine joins the EU (if it ever will). Similarly, privatization followed the junta that Obama protected (if he didn’t even place them into power) in Honduras in 2009.
There is nothing basically new about this. Benito Mussolini introduced privatization in Italy during the 1920s. Admiring his success with that wealth-transfer to aristocrats, Adolf Hitler then took it up in Germany during the 1930s.
Nowadays, this is called “libertarianism” in the United States, and “neoliberalism” in Europe. It’s just standard economic theory, being put into political practice. Another term for it is “austerity” (as the public calls it), or (to employ the economist’s euphemistic phrase for it) “fiscal consolidation.”
What Mussolini and Hitler started, is now being put into practice increasingly around the world, but it is no longer overtly called “fascism.” Mussolini and Hitler were defeated in WW II, and so the label “fascist” needed to be changed, but the aristocracy, which financed fascists’ rises, has by now emerged victorious (in the U.S. and not only in Europe), using deceit (including these new labels), instead of relying upon mere bombs and guns. There are enough fools (‘libertarians,’ or believers in ‘the free market,’ etc.), so that victory comes far cheaper via such deceits (mental coercion) than via violence (physical coercion — coercion against the body). (But, of course, war, too, can be profitable.)
The entirety of the ‘Greek bailouts’ is bailouts of the aristocracy, not of the public; it’s just like America’s ‘Wall Street bailouts,’ which bailed out the banksters instead of the cheated MBS investors and homeowners. The ‘Greek bailouts’ were actually loans, not ‘bailouts’ at all; and after the loans turned sour, taxpayers were forced to buy them from the aristocrats, who were the ultimate recipients of the actual bailouts. The lenders never bailed anybody out, but instead were bailed out by the public. However, in the Greek case, the people who are blamed are the Greek public, who are being stripped. After all, such blame-the-victim is the natural response, for believers in ‘the free market.’ But it would be like blaming the stripped pension funds, and the underwater homeowners, for having caused the bailouts of Wall Street. Calling them ‘bailouts of Greece’ is the reverse of what they actually are, which is an ongoing stripping of the Greek public. (Other European publics should be angry against the aristocrats they’re bailing out, not against the Greek public, who never benefited from those loans, and who aren’t the people that socked away some or all of those borrewed funds into Swiss or other accounts abroad.) It’s like blaming a raped woman for having been raped. That’s conservative, in the extreme. It’s fascist.
The EU’s dictatorship is by the aristocracy, against the public. It’s just like the U.S. dictatorship — competing parties, both or all of which represent the aristocracy, against the public; none representing the public, against the aristocracy. Conservatives support it, because they support the aristocracy. (A reader replied to this, “it isn’t just the doctrinaire conservatives that support the new aristocracy it is the majority of the public”; but the majority of the public is conservative, they’re devoted to myths; so, that’s not contradicting my assertion, it’s just restating the tragedy.)
This is why inequality is high, and soaring. Democracy is disappearing.
Investigative historian Eric Zuesse is the author, most recently, of They’re Not Even Close: The Democratic vs. Republican Economic Records, 1910-2010, and of CHRIST’S VENTRILOQUISTS: The Event that Created Christianity.
July 17th, 2015 by olddog
By Nick Giambruno
62 years later, the aftermath is still troubling global politics.
Operation Ajax was a pivotal moment in US and world history. It was the first time the CIA overthrew a government.
Yet even today the US government would rather not talk about it. That’s why it remains an unknown story for many Americans.
The year was 1953. The objective was to oust Mohammad Mossadegh, the elected leader of the Majlis, Iran’s parliament. Mossadegh was not a communist or a radical Islamist. He didn’t follow any objectionable ideology. Instead, he was a secular nationalist. But he was inconvenient. Like many Iranians, he was proud of his Persian heritage.
(Until 1935, Iran was still known as Persia.) Persia once was an imperial civilization, like Rome. Twentieth-century nationalists channeled that glorious past, and they were keen on independence. So it’s no surprise Mossadegh was earnest about ridding the country’s politics of foreign influence.
At the time, Great Britain was the most active outside power in Iran. For decades the British had enjoyed a sweetheart oil deal struck with a former, corrupt Iranian leader. It allowed them to control Iran’s petroleum industry and, by extension, the country’s entire economy.
To nationalists like Mossadegh, this was intolerable and infuriating. It would be like China getting a sweetheart deal from President Obama for control of the US auto industry. No red-blooded American would stand for such a thing.
It was the early 1950s. The smoke from World War II, a war that killed over 60 million people, still lingered. The horrors were fresh in everyone’s mind.
Access to oil had been a decisive factor in that war. Had Hitler succeeded in securing his supply in 1942, the world might look very different today.
It was a concept not lost on the British. If any country wanted to win a big war, it needed oil. Lots of it. It was a matter of life and death.
Iran was a major source of oil for the British. Access to it was a strategic military asset of the highest order. One the British would not give up for any price.
Mossadegh understood this. He concluded that the only way to claw back the oil industry was to nationalize it. On May 1, 1951, he did just that.
Shortly afterward, he stated: Another important consideration is that by the elimination of the power of the British company, we would also eliminate corruption and intrigue, by means of which the internal affairs of our country have been influenced.
Once this tutelage has ceased, Iran will have achieved its economic and political independence. The British were not about to give up. They hatched a plot to regain their influence in Iran. But they couldn’t do it alone. They would need help from the US. But the US just wasn’t interested. So the British undertook a campaign to paint Mossadegh as a communist.
The Brits played America’s Cold-War fears like a piano. They convinced the US government that the commies were making inroads in Iran. Given that Iran was just south of the expanding Soviet Union, the story was plausible… but not true. In the end, it worked. The Americans came on board.
Operation Ajax was born. The objective: overthrow Mossadegh’s elected government and replace it with something more pliable.
MI6, the UK’s foreign spy agency, and the CIA would organize the coup. Kermit Roosevelt, a grandson of former US President Teddy Roosevelt, was the CIA officer in charge. The goal was to return the monarchy of Mohammad Reza Shah Pahlavi (also known as “the Shah”) to power.
(In Farsi, the Persian language, “shah” means “king.”)
The CIA and MI6 used classic methods of subterfuge. They paid Iranian goons to pose as communists and wreak havoc in Tehran, the Iranian capital, and vandalize its business district. The police couldn’t restrain them, and the violence grew.
The coup plotters knew such events would disgust ordinary Iranians, who were fearful of communism. It would cause them to demand action. That action would include the Iranian military stepping in.
As part of the plot, the CIA and MI6 had corrupted key Iranian generals for just this moment. As if on cue, the generals took charge and deposed Mossadegh’s government.
The Iranian people didn’t resist. Instead, they cheered. They thought the military was saving them from a violent communist revolution. Mossadegh’s government was out of the way. The coup’s operatives in the Iranian military had seized power. The path had been cleared for the Shah.
The Shah knew he owed his position to the US and UK. What they giveth, they could taketh away. The Shah was more than willing to do whatever the US and UK wanted him to do.
Operation Ajax was a success… but it would not be an enduring one. The Iranian people would eventually figure out what really happened. Many of them would come to despise the Shah as a puppet of a foreign power.
To maintain his position, the Shah became more despotic… which only fed the opposition. In 1979, 26 years after Operation Ajax, a popular uprising overthrew the Shah. A power struggle ensued, and Ayatollah Khomeini’s Islamist forces prevailed.
The Islamic Republic of Iran was born. This time, it was an anti-American government that came to power. Decades of animosity followed, and it continues to this day. It’s unthinkable to most that the Islamic Republic of Iran could offer any sort of investment opportunity. Many find the mere mention of the country distasteful.
There’s another country that most would have considered unthinkable to invest in at one time. Many got hot under the collar just at the mention of its name too: the People’s Republic of China.
If you had followed their thinking, you would have missed out on one of recent history’s most powerful economic booms. That’s precisely why you should ditch the conventional wisdom when it comes to thinking about profiting from Iran. If you don’t, you could be letting a once-in-a-generation opportunity pass you by.
Recently, I discussed investing in Iran with legendary investor Jim Rogers. He told us: I bought Iranian shares in 1993, and over the next few years, [they] went up something like 47 times, so it was an astonishing success. That was then. Now, additional sanctions make investing directly in Iran off limits to Americans and most Europeans. But that could soon change.
The conclusion of the negotiations on Iran’s nuclear program means the economic floodgates will open. Persia will once again be open for business. It would be a big deal: Iran’s $370 billion economy is by far the largest still excluded from the international financial system. Iran has the world’s third-largest proven oil reserves (10% of the world’s total) and the second-largest proven natural gas reserves (17% of the world’s total). A tremendous amount of wealth is waiting to be developed.
Iran’s economy is not all about natural resources. The country is home to advanced nanotechnologies and the Middle East’s largest car manufacturer. Its young population of 78 million yearns for iPhones and other Western products, and there’s enormous built-up demand. That demand is getting ready to explode like Mt. St. Helens.
European and Asian companies have been scrambling to Tehran to line up business deals. In short, the opening of Iran is a massive opportunity. Even if the West doesn’t lift the sanctions, Iran will simply turn to the East to do business. Either way, the Iranian economy is on course to experience one of the greatest booms in recent history. It’s on a scale the world hasn’t seen since the opening of China.
Opportunities like this don’t happen every day, every year, or even every decade. But for the average American, Iran is at the bottom of the list of potential investment destinations. That’s what more than 30 years of hostility and charter membership in the “Axis of Evil” will do. The sentiment couldn’t get any worse.
As a contrarian, that’s just how I like it. But only if there is a solid reason to believe that the negative sentiment is misplaced. In the case of Iran, I am certain that it is.
In the not-so-distant past, I used to live in the United Arab Emirates… right across the Persian Gulf from Iran. Being there gave me the chance to see the country firsthand. On the Ground in Iran Hands down, Iran is the most fascinating country I’ve ever been to.
I’ve been to almost every country in the Middle East. Iran stands out for a number of reasons. Unlike most other states in the Middle East, Persia is not an artificial construct. By race, religion, and social history, it is a nation.
And European bureaucrats didn’t dream up Iran by drawing zig-zags on a map. The map reflects the geographic reality of a country with natural, fortress-like, mountain borders. For an American, getting there isn’t easy. But that’s part of the allure. You can’t simply hop on a flight to Tehran from New York, like you would to Vancouver or London. You can’t enter the country unless the Iranian government has granted you permission in advance. And they take their careful time.
The US has no diplomatic relations with Iran. There is no Iranian embassy or consulate in the US at which to apply for a visa, but there is an Iranian interests section in the Pakistani embassy in Washington, DC, that can handle such requests.
I was living near Dubai at the time, so it was easier for me to go to the Iranian consulate there. But you can’t just drop in to the Iranian consulate and apply for a tourist visa. You have to work with an authorized service to assist you in the process, which is what I did. After I submitted my paperwork and waited a number of weeks, and then waited another couple of weeks, the Iranian government approved my application.
I immediately noticed that the Iranian visa in my passport was not the kind of cheap stamp you often get from Third-World countries. Instead it carried holograms and other anti-counterfeiting features. Things that are associated with documents from developed countries. It was a clue that Iran, a seemingly isolated and underdeveloped place, was more sophisticated than I had expected.
Sanctions have disconnected Iran from the international financial system. Your ATM and credit cards won’t work there. You need to bring cash (US dollars or euros work best) and exchange it for Iranian rials. Iranians also have increasingly returned to gold as a store of value and medium of exchange. This is no surprise. People in all corners of the globe have used gold this way for thousands of years.
As soon as my flight landed in Tehran, my Iranian “tour guide” greeted me. The Iranian government requires that minders accompany Americans at all times. It’s a result of the Iranian government’s not-necessarily unreasonable paranoia. They’d like to prevent Operation Ajax 2.0.
Having a mandatory tour guide wasn’t all bad. Mine was a dual American-Iranian citizen named Ali. Ali had spent a lot of time in California and spoke perfect American English. He took me everywhere I wanted to go. At the end of some days, Ali would let me go off on my own.
This gave me the chance to explore Tehran’s affluent northern suburbs and legendary bazaar. No matter where I went, everyone was genuinely kind and hospitable… even after figuring out I was American. Not what you would expect for a place known for its “Death to America” chants.
It became obvious the average Iranian harbors no hatred for Americans. (For more on what life is really like in Iran, I’d suggest you watch travel writer Rick Steves’ video, Rick Steves’ Iran.)
The trip to Iran helped solidify my belief that the country is the ultimate contrarian opportunity. It revealed the reality hiding behind the frenzied sentiment of conventional thinking. It was just waiting for the right catalyst. And now that catalyst is at hand. The conclusion of the nuclear negotiations and the relaxation of sanctions will release all the massive, built-up economic potential. The rationale for profiting from the opening of Iran is clear. Finding a practical way to do so is not.
There is a way, however… and a good one. One that is easily accessible through any brokerage account to US investors and is completely legal for them. For all the details click here to check out the latest issue of Crisis Speculator.
This article may be re-posted in full with attribution.
July 15th, 2015 by olddog
By Michael Rivero
In the good old days, after George Washington and the boys won the war to free us from the bank of England’s predatory and impoverishing practices, they set up a “revolutionary” economic system. The government created and issued all the public currency, spending it into circulation to purchase what the government needed, then after the currency circulated through society to fuel commerce, was taxed back to the government to balance the books.
Banks existed, of course. But they were kept off to one side, and use of the banks was optional for the people of the United States. It was possible to go through one’s entire life without dealing with a bank if one chose to do so.
This system not only reserved the choice whether to use the bank to the people, but it was a stable system, because as debt increased, the people could voluntarily choose to stop borrowing from the bank! That was one of the most important freedoms won during the revolution; the freedom to say “no” to the banks!
Then, in 1913, a corrupt Congress and a corrupt President changed the structure of the nation’s economy and stole your freedom to say “no”! The economic system was reverted to a mirror of that same system the nation fought a revolution to be free of. The power to issue money was taken away from the government and given to the bankers and from that day onward, ALL money in circulation was created as the result of a loan at interest from the bankers to the government, to business, and to the people. There is no exception. Every dollar paid in salary, spent to purchase food or gas, or paid in taxes, began as an interest bearing loan. There is no money in circulation in the United States that did not start out as a loan at interest from the bankers at the privately-owned Federal Reserve system.
From that moment on, the freedom of the people to refuse to borrow from the banks and to refuse to pay interest was stripped away. To participate in the commerce of the United States at all means being forced to use money loaned at interest, to the profit of the bankers and the impoverishment of the public. Your freedom to say “no” was stolen by Congress in 1913, without your permission and before you were born.
When you have lost the freedom to say “no”, when you have no choice but to pay a percentage of your earnings as interest to the bankers whether in private debt or taxes to cover the gargantuan debts by the US Government itself, you are a slave to the bankers. And because more money is owed to the bankers than actually exists, because of the interest charged on the loan that created the money, the debt-slavery is permanent! No matter how hard you work, no matter how much you sacrifice, the debt can never be paid off. The system is intentionally designed to trap the nation’s population permantly in unpayable debt, to make them slaves to that debt and to the bankers. This is the purpose behind the design of the Federal Reserve, the International Monitary Fund, the European Central Bank, and indeed every private central bank issuing the public currency as a loan at interest. This is why today every nation is drowning in created debt, and slaved to the private bankers. That is the reason for ever increasing taxes and decreasing benefits; to pay the bankers their unpayable interest on the public currency.
For that enslavement to succeed, your right and freedom to refuse that bank’s interest-bearing money must be stripped away. The government must force you to use that private central bank’s currency, loaned to you at interest, via the Legal Tender Laws. Therein lies your slave chains. You are ordered by the government, on pain of prison, to use the banker’s money, and to pay the interest charged by the bankers through your taxes.
Free people have the right to say “no.” Free people have a right to decide for themselves what medium of exchange they will use and to choose not to involve the bankers!
There is no freedom without the freedom to say “no.” Slaves cannot say “no” when ordered to surrender the products of their labor to their masters.
You are a slave.
“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is now controlled by its system of credit.We are no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.” — Woodrow Wilson 1919
Slavery exists only because the slaves have been taught to believe that slavery is the way the world is supposed to be. Beliefs are chains used to enslave free people. No chains of steel ever bound a human tighter than the chains made of the beliefs with which we are indoctrinated while young in the state schools and the churches.
Slaves used to be held prisoner by their belief in rule by divine right. Then the slaves regained their freedom when they realized that divine right is only an illusion created by the enslavers to trick the people into obedient servitude.
Then slaves were held prisoner by their belief in rule by chattel ownership of one’s body. Then the slaves regained their freedom when they realized that one person owning another is an illusion created by the enslavers to trick the people into obedient servitude.
Today the modern slaves (that is YOU) are held prisoner by their belief in compound interest; that they owe money that never existed to repay money created out of thin air. And you modern slaves will regain your freedoms when you realize that private central banking is just another illusion created by the enslavers to trick you into obedient servitude.
July 14th, 2015 by olddog
By LAWRENCE SELLIN, PHD
The United States is not a constitutional republic. It is an oligarchy controlled by wealthy financiers who hire politicians to pass legislation beneficial to them and employ journalists to keep the citizens ignorant and compliant.
Neither the Democrats nor the Republicans believe in democracy. It is simply an ideological contest between two different forms of totalitarianism based on big government, where they represent only themselves in their pursuit of personal power and profit.
Over the last hundred years, the Democrat Party has moved farther and farther to the left, evolving from populism to Marxism and developing an operational model resembling that of the mafia. Its leaders are a gaggle of coffeehouse communists and unindicted felons, who seek the lifestyles of the rich and famous while practicing the politics of Joseph Stalin.
The Republicans are democratic only in the sense that they are willing to sell their votes to the highest bidder, where their political power and, ultimately, compensation from their rich donors increase proportionally with the expansion of government.
The federal government is now an industry competing with the private sector for revenues and resources, but, unlike the private sector, government is unconstrained by regulation and the rule of law.
The cost of public-sector pay and benefits, for example, which in many cases far exceed what comparable workers earn in the private sector, combined with hundreds of billions of dollars in unfunded pension liabilities for retired government workers, are weighing down the economy.
The fundamental problem is public-sector collective bargaining. It is appropriate in the private sector, where workers bargain with private, profit-making corporations and where market forces provide an independent check on both sides’ demands.
Yet there is an unholy alliance and a mutually beneficial relationship for money and votes between Democrats and public sector unions, which, in terms of government services, translate into higher costs, lower efficiency and, worst of all, less democracy.
Why are such illogical and dishonest policies allowed to continue? Because it is profitable.
To foster big government from which they personally benefit, the Democrats nurture a Marxist-type victim class, while the Republicans serve the affluent, both at the expense of the Middle Class, whose propensities toward liberty and accountability represent a threat to the hopelessly corrupt status quo that the two major parties and the media endeavor so vigorously to protect.
Ergo, the War on the Middle Class, now pursued by both Democrats and Republicans, albeit for different reasons.
As a consequence and, not surprisingly, today the main the activity of the federal government is lying. Barack Obama lied to get elected, lied to enact his policies and lied when those policies failed. In response, the Republicans added cowardice to their own set of lies.
As George Orwell noted: “In a time of universal deceit – telling the truth is a revolutionary act.”
That is why the political establishment and the media find Donald Trump so frightening; the danger that the truth might be spoken.
There is, however, a greater peril – when blatant and outrageous lies are no longer sufficient to soothe the electorate into complacency, such a government must begin to curtail liberty and oppress the people in order to sustain itself, an approach with which both Democrats and Republicans find agreement.
The United States is on the cusp of a second civil war, one to determine who should control the federal government. It is not a contest between the Democrats and Republicans or liberals and conservatives, but a battle between the entrenched power and tyranny of the bipartisan political-media establishment versus the rights and liberties of the American people.
Only the truth will set us free.
Lawrence Sellin, Ph.D. is a retired colonel with 29 years of service in the US Army Reserve and a veteran of Afghanistan and Iraq. Colonel Sellin is the author of “Restoring the Republic: Arguments for a Second American Revolution “. He receives email at email@example.com.
THIS IS A NO BRAINER FOLKS
PICK UP THE PHONE AND DO YOUR DUTY
July 9th, 2015 by olddog
By Dave Kranzler
When a thoroughly corrupt government wants to try and hide something from the public, they exert an all-out effort to misdirect and cover-up. The financial markets are no different. It’s been obvious to anyone with one good eye and one brain cell that the puppet-masters behind the Wall Street/DC “curtain” have been propping up the Dow/S&P 500 and exerting forceful downward pressure on the price of gold and silver. Why gold and silver? Because gold and silver, for 5,000 years, have been the world’s “alarm system” alerting everyone when something is terribly wrong.
I remember vividly 2008. Many of you were not involved in the precious metals markets. Inexplicably, the manipulators smashed gold and silver down from their bull market highs in March 2008 very quickly. Silver was smashed down to $8 after hitting $21 in March. I remember staring at the futures screen wondering what would stop JPM from taking silver down to zero?
Shortly thereafter AIG and Goldman de facto collapsed and the rest is history, including the fact that former Goldman CEO, Hank Paulson, was “coincidentally” sitting in as Secretary of the Treasury and “coincidentally” came up with a plan for the taxpayers to bail out Goldman Sachs. Paulson, after all, was still sitting on about a quarter of a billion dollars worth of warrants on Goldman stock. This, after he was allowed to sell his GS stock worth $100s of millions on a tax-free basis. Just a little “benefit” the elitists bestow upon themselves when their brethren appoint them to a Government post.
Here’s a graph that shows the similarities between what happened to gold in a short period of time in 2008 and what has happened since peaking at $1900 in 2011:
It’s pretty easy to see the similar trading pattern with gold in 2008 compared to the period the summer of 2011 through the fall of 2012. The only difference is that there was a massive rise in the use of OTC precious metals derivatives that began a couple years ago which has enabled the Fed/Treasury/banks to keep a tight lid on the price of gold and silver and has enabled the criminals running this country to promote a “narrative” of economic recovery. It’s been nothing but one big lie.
Here’s what happened today with gold and silver:
How is it that day after day gold and silver get smashed when the NY Comex floor trading opens? Does it seem odd that, nearly everyday for the last 4+ years, that at 8:20 a.m. EST all of a sudden the world decides to unload paper gold and silver positions?
How is it at all possible that the price of gold and silver are collapsing like this when China has imported a record amount of gold in the first half of 2015? China and India combined are importing more gold than is being produced on a daily basis. India is importing by far a record amount of physical silver. These countries require the physical delivery of the metal they buy. It’s not good enough for the bullion banks to offer free vault storage in London or NYC. The misrepresentation of the true, intrinsic price of gold and silver by the NY and London paper markets is perhaps the greatest fraud in history.
The criminality operating in the U.S. financial markets has become all-pervasive. The markets just ooze with unfettered theft and wealth confiscation. The Government doesn’t just “look the other way.” The Government is the criminal cartel. Just look at where all the key appointees in a position to enforce the Rule of Law come from. The Treasury, Justice Department, the SEC – they all come from Wall Street firms or the law firms that make $100’s of millions defending Wall Street firms. It’s the American version of the Sicilian Mafia running our system!
It’s obvious what is happening to anyone who cares to look at the truth. This is the end of the end-game. Perhaps Greece has triggered it but it’s irrelevant. The entire world is over-bloated with catastrophically unpayable amounts of debt. The IMF has told us that Greece can’t possibly repay its debts. Huh? Does the IMF really think the United States can repay its debt load? Greece has $350 billion of sovereign-issued debt. The United States has over $18 trillion in “on-balance-sheet” sovereign-issued debt. It has at least $200 trillion of contingent sovereign-issued liabilities.
The only difference between Greece and the United States is that the United States can unilaterally print its own money. Literally in unlimited amounts. Ben Bernanke stated that fact in 2002: “But the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost.” LINK
The system is collapsing. It has been collapsing. I believe it’s quite possible that we are seeing the final stages of the end game. China’s stock market is down 30% since early June. The prices of oil and copper are crashing. As I wrote yesterday, oil and copper are the quintessential beacons of relative economic activity. If their prices are crashing, so is economic activity.
After trading in positive territory overnight, the S&P 500 suddenly plunged shortly before the NYSE opened:
China suspended trading in its stock market last night. But how is this any different from key HFT ECN’s “breaking” when the market is about to go off a cliff? As Zerohedge always tauntingly reports, the market “breaks:
” Broken Market Ignites Momentum
Coincidentally, the market never seems to “break” when it‘s spiking inexorably higher on some fictitiously prepared “good” economic report. Let’s see if the market “breaks” today in order to stop that waterfall plunge at the open.
Of course, if it doesn’t, are you prepared for the devastating consequences of a collapse?
You can read more from Dave Kranzler at his site
where this articlefirst appeared.
This article may be re-posted in full with attribution.
Are Big Banks Using Derivatives To Suppress Bullion Prices?
Paul Craig Roberts and Dave Kranzler
We have explained on a number of occasions how the Federal Reserves’ agents, the bullion banks (principally JPMorganChase, HSBC, and Scotia) sell uncovered shorts (“naked shorts”) on the Comex (gold futures market) in order to drive down an otherwise rising price of gold. By dumping so many uncovered short contracts into the futures market, an artificial increase in “paper gold” is created, and this increase in supply drives down the price.
This manipulation works because the hedge funds, the main purchasers of the short contracts, do not intend to take delivery of the gold represented by the contracts, settling instead in cash. This means that the banks who sold the uncovered contracts are never at risk from their inability to cover contracts in gold. At any given time, the amount of gold represented by the paper gold contracts (“open interest’) can exceed the actual amount of physical gold available for delivery, a situation that does not occur in other futures markets.
In other words, the gold and silver futures markets are not a place where people buy and sell gold and silver. These markets are places where people speculate on price direction and where hedge funds use gold futures to hedge other bets according to the various mathematical formulas that they use. The fact that bullion prices are determined in this paper, speculative market, and not in real physical markets where people sell and acquire physical bullion, is the reason the bullion banks can drive down the price of gold and silver even though the demand for the physical metal is rising.
For example last Tuesday the US Mint announced that it was sold out of the American Eagle one ounce silver coin. It is a contradiction of the law of supply and demand that demand is high, supply is low, and the price is falling. Such an economic anomaly can only be explained by manipulation of prices in a market where supply can be created by printing paper contracts.
Obviously fraud and price manipulation is at work, but no heads roll. The Federal Reserve and US Treasury support this fraud and manipulation, because the suppression of precious metal prices protects the value and status of the US dollar as the world’s reserve currency and prevents gold and silver from fulfilling their role as the transmission mechanism that warns of developing financial and economic troubles. The suppression of the rising gold price suppresses the warning signal and permits the continuation of financial market bubbles and Washington’s ability to impose sanctions on other world powers that are disadvantaged by not being a reserve currency.
It has come to our attention that over-the-counter (OTC) derivatives also play a role in price suppression and simultaneously serve to provide long positions for the bullion banks that disguise their manipulation of prices in the futures market.
OTC derivatives are privately structured contracts created by the secretive large banks. They are a paper, or derivative, form of an underlying financial instrument or commodity. Little is known about them. Brooksley Born, the head of the Commodity Futures Trading Corporation (CFTC) during the Clinton regime said, correctly, that the derivatives needed to be regulated. However, Federal Reserve Chairman Alan Greenspan, Treasury Secretary and Deputy Secretary Robert Rubin and Lawrence Summers, and Securities and Exchange Commission (SEC) chairman Arthur Levitt, all de facto agents of the big banks, convinced Congress to prevent the CFTC from regulating OTC derivatives.
The absence of regulation means that information is not available that would indicate the purposes for which the banks use these derivatives. When JPMorgan was investigated for its short silver position on Comex, the bank convinced the CFTC that its short position on Comex was a hedge against a long position via OTC derivatives. In other words, JPMorgan used its OTC derivatives to shield its attack on the silver price in the futures market.
During 2015 the attack on bullion prices has intensified, driving the prices lower than they have been for years. During the first quarter of this year there was a huge upward spike in the quantity of precious metal derivatives.
If these were long positions hedging the banks’ Comex shorts, why did the price of gold and silver decline?
More evidence of manipulation comes from the continuing fall in the prices of gold and silver as set in paper future markets, although demand for the physical metals continues to rise even to the point that the US Mint has run out of silver coins to sell. Uncertainties arising from the Greek No vote increase systemic uncertainty. The normal response would be rising, not falling, bullion prices.
The circumstantial evidence is that the unregulated OTC derivatives in gold and silver are not really hedges to short positions in Comex but are themselves structured as an additional attack on precious metal prices.
If this supposition is correct, it indicates that seven years of bailing out the big banks that control the Federal Reserve and US Treasury at the expense of the US economy has threatened the US dollar to the extent that the dollar must be protected at all cost, including US regulatory tolerance of illegal activity to suppress gold and silver prices.
Financial Intelligence Report: No Way!
Contributing Editor: Bob RinearI
I know it is “All Greece, all the time” but I need to go off on something else right now, because along with all the other things that bothers me, this rates at the top of some of my lists. I want to present an article by The Intercept that sums up the bulk of the issue.
After failing to criminally prosecute any of the financial firms responsible for the market collapse in 2008, former Attorney General Eric Holder is returning to Covington & Burling, a corporate law firm known for serving Wall Street clients.
The move completes one of the more troubling trips through the revolving door for a cabinet secretary. Holder worked at Covington from 2001 right up to being sworn in as attorney general in February 2009. And Covington literally kept an office empty for him, awaiting his return.
The Covington & Burling client list has included four of the largest banks, including Bank of America, Citigroup, JPMorgan Chase and Wells Fargo. Lobbying records show that Wells Fargo is still a client of Covington. Covington recently represented Citigroup over a civil lawsuit relating to the bank’s role in Libor manipulation.
Covington was also deeply involved with a company known as MERS, which was later responsible for falsifying mortgage documents on an industrial scale. “Court records show that Covington, in the late 1990s, provided legal opinion letters needed to create MERS on behalf of Fannie Mae, Freddie Mac, Bank of America, JPMorgan Chase and several other large banks,” according to an investigation by Reuters.
The Department of Justice under Holder not only failed to pursue criminal prosecutions of the banks responsible for the mortgage meltdown, but in fact de-prioritized investigations of mortgage fraud, making it the “lowest-ranked criminal threat,” according to an inspector general report.
For insiders, the Holder decision to return to Covington was never a mystery. Timothy Hester, the chairman of Covington, told the National Law Journal that Holder’s return to the firm had been “a project” of his ever since Holder left to the join the administration in 2009. When the firm moved to a new building last year, it kept an 11th-story corner office reserved for Holder.
Holder’s critics charge that he made a career out of institutionalizing “Too Big to Prosecute” rules within the department. In 1999, as a deputy attorney general, Holder authored a memo arguing that officials should consider the “collateral consequences” when prosecuting corporate crimes. In 2012, Holder’s enforcement chief, Lanny Breuer, admitted during a speech to the New York City Bar Association that the department may go easy on certain corporate criminals if they believe prosecutions may disrupt financial markets or cause layoffs. “In some cases, the health of an industry or the markets is a real factor,” Breuer said.
Rather than face accountability for their failures, the incentive structure of modern Washington is designed to reward both men. Breuer left the department in 2013 to rejoin Covington. Holder is set to become among the highest-earning partners at the firm, with compensation in the seven or eight figures.
Okay, now the fact of the matter is that virtually every high ranking official ends up in a plush office job in some big corporation. That’s not news at all. But what truly drives me out of my head is this guy Holder, who didn’t make ONE, not ONE banker walk the plank for blowing up the financial system, heads right back to the Very bankers he protected and what does the Media have to say about it? NOT A WORD.
Now wait, because it gets better. (or worse, depending on your particular mood). Take a look at this line– The Covington & Burling client list has included four of the largest banks, including Bank of America, Citigroup, JPMorgan Chase and Wells Fargo. Well, isn’t that interesting? JP Morgan and Citi have both been blatant manipulators of the precious metals markets; called out about it many times and not a word gets spoken.
Well I’ll “spoke” it. Holder is a criminal. He aided and abetted criminal activity while in office, and he’s going back to a law firm that has had criminal bankers as clients. Let’s talk JPM for a minute. Ted Butler has repeatedly sent proof to JPM and regulators about their holding illegal amounts of paper sales of silver. He’s never heard a peep in response. If Ted was wrong, wouldn’t they at least slap a slander suit on him? You bet they would.
Zero-hedge has put out some good work about Citi and JPM recently. In fact, based on the OCC’s derivative update, JPM had literally cornered the commodity derivatives complex, when from “just” $226 billion in total Commodity exposure, JPM’s notional soared by 1,690% in one quarter to $4 trillion, or about 96% of total. How on earth can that be legal?
But this is even more interesting to me…Citi’s “precious metals” derivative book, saw a 1260% increase in Precious Metals derivative holdings in the past quarter, from just $3.9 billion to $53 billion!
Now add that up, with the savaging that gold and silver have been going through recently and what do you come away with? It is obvious that these two outfits are responsible for the utter insanity that is indeed the silver market especially. Right now it costs about 21 dollars an ounce to mine and refine silver. Yet on Tuesday morning they beat silver down by over 5% in one session, down to 14 bucks an ounce. In a free market, with no manipulation, could that even be possible??
ABSOLUTELY not. There is NO doubt what so ever that both of these situations are in direct response to the mess that is indeed Greece and the fears of a contagion spreading through the euro-zone. They simply do NOT want people trading paper dollars for gold and silver, or any true tangible commodity and they took over the market to make sure no one does.
Read that again so you truly understand the scope of the fraud and illegality of what we’re witness to. Citi and JPM together hold 90% of all commodity and precious metals derivatives, in the very quarter that Greece was about to stir up major fears of the Euro-zone imploding. So to keep anyone from trading out of Euro’s, or doing electronic swaps of Euro’s into gold or silver or copper holdings, they beat the snot out of all of it. You will indeed KEEP your worthless paper money, and they are making sure of it.
And Holder is going right back to the very outfit that worked with these criminals. How utterly fitting! A criminal, going back to serve criminals. It makes me sick.
Disclaimer!!!!! Must Read!!!
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July 8th, 2015 by olddog
By Daymond Duck
In Nov. 2010, Pres. Obama travelled to Mumbai, India where he said, “There is going to be a tug-of-war within the U.S. between those who see globalization (world government) as a threat and those who accept that we live in an open integrated (merged) world.” These words indicate that world government is coming to the U.S. and it will cause problems.
On July 22, 2014, at a DNC fund raiser in Seattle, Pres. Obama was talking about the state of the world when he said, “Part of people’s concern is just the sense that around the world the old order isn’t holding and we’re not quite yet to where we need to be in terms of a new order that’s based on a different set of principles, that’s based on a sense of common humanity, that’s based on economies that work for all people.”
Put another way, Pres. Obama was saying he believes our sovereign government is outdated and holding back his agenda, but the world is not quite ready for the new world order (world government) that will be based on a different set of laws (world laws) and the idea that everyone is equal (citizens of the world not citizens of a nation) and a one-world economic system (wealth redistribution).
The Trans Pacific Partnership (TPP) is an eleven-nation secret international document that is being written like a treaty, but it is being called a trade agreement. Leaked reports say the TPP has 29 chapters but only 5 are about trade.
The other 24 chapters are about the environment, global immigration, global wealth redistribution, global education (Common Core), human rights (children’s rights; gay rights, same-sex marriage), gun control, healthcare, women’s reproductive rights (abortion), sustainable development (Agenda 21, the Earth Charter) and other global goals.
Critics say the TPP destroys the U.S. Constitution; the U.S. will never be able to go back to the Constitution again. It speeds up the development of the North American Union providing a framework for world government and speeds that up. It provides a framework for a new world economic system; it establishes laws and courts that will dictate to nations (including the U.S.) the laws that they must pass; it changes immigration laws (erases borders in many nations) and places everyone under the control of a ruling elite that ordinary citizens cannot vote for, remove or replace.
Even worse, the House Ways and Means Committee called it a “Living Agreement.” This means in the future the ruling elite can change anything they want to change and all of the agreeing nations will be bound by those changes.
That is like giving someone an unending supply of signed blank checks that they can fill in for any amount they want at anytime they want and the one who signed them has to make them good. Suppose the ruling elite pass a law that everyone has to take a “mark” to buy and sell. Every country will have to change their laws to force people to comply.
The TPA is a second bill that gives the Pres. fast-track authority to negotiate and sign the TPP and at least two other trade agreements (the Trade in Services Agreement or TiSA and the Transatlantic Trade and Investment Partnership or TTIP). U.S. Sen. Jeff Sessions said these agreements encompass “three-fourths of the world economy and up to ninety percent of the world economy when including countries whose membership is being courted.”
These agreements require every nation that signs them to have the same laws. Up to ninety percent of the world’s economy will be required to have the same laws. They also allow a controlling economic council to write and impose new binding laws on every nation covered by the agreements. (Could this be the 10 kings?)
Let’s consider some of these things. There is a reason why Pres. Obama wanted to keep them secret and the Republican leadership helped him do it.
Pres. Obama is a committed globalist who has insisted that aspects of the globalist agenda be included in the TPP. The globalist agenda includes deciding who writes the laws and what laws are passed; control over all private property; authority over how all land and resources can be used; the right to decide where all buildings can and cannot be built, and where all roads and utilities can and cannot be built.
The TPP includes the right to tell people where they can and cannot live and work; the authority to protect fish, seals, trees, wetlands; and the authority to stop all kinds of land and water pollution, etc. Globalists want to reduce the world’s population; redefine marriage; tell parents how many children they can have; tell couples how they can and cannot discipline their children, keep abortion legal and legalize euthanasia.
Globalists want to establish a government-approved religion, determine which religious beliefs are acceptable, replace the Ten Commandments with the Earth Charter and remove every mention of God from society. Globalists want militaries to deliver food, clean up after natural disasters and control militant citizens instead of fighting wars. They also want to erase all borders and do away with all national flags and monuments.
These Globalist desires are the kinds of things that people can expect to find in the 24 non-trade chapters of the TPA and in the already-planned other three agreements. Control is being given to globalists to write anything they want. The laws they write will be binding on every nation and nothing can be done to stop them. People wish that Obamacare had never been written and it is almost certain that they are going to wish that the TPA had never been written.
The TPP can only be stopped by a two-thirds vote in the Senate before Pres. Obama signs it in late summer or early fall, but many say there is no chance that the Senate will vote it down. In that case, it is just a matter of time until the ten regions of the prophesied one-world government and one-world religion are established.
One final thing: U.S. citizens can go to www.govtrack.us and click on “voting records” to see how their senators and representatives have voted so far. Many have betrayed their constituents for campaign contributions and back-room deals.
Prophecy Plus Ministries
Daymond & Rachel Duck
If you continue to believe our leaders will turn things around and we will all live long and happy lives, it’s very likely you would also buy a bag of turds with your last dollar instead of a hot-dog.
July 7th, 2015 by olddog
by Steven L. Hayes and Charles Adams
Thomas Jefferson was born on April 13, 1743. In his lifetime he saw his country transformed from an English colony to a country ruled by its own citizens. Remembered by many as the author of the Declaration of Independence, Jefferson also served as President and guided the young nation through eight turbulent years. When Jefferson died on July 4, 1826 at the age of 83, he left a country and a people whose commitment to the ideas of the Declaration of Independence seemed firmly in place.
On April 13, just after dinner, there is a knock on your door. When you open the door, you see a tall slender man with red hair. He introduces himself as Thomas Jefferson. You don’t automatically slam the door and call the police but, almost against your will, you invite him in your home. Somehow you accept that this man is not an escapee from an asylum but that he really is Thomas Jefferson.
Jefferson is curious about everything and has a number of questions for you. He marvels at all the new technology in your home. He insists on a lengthy explanation and demonstration of all the appliances and machines in your home. Amazed at how quickly he understands the new technologies, you suddenly remember the statement made by President John Kennedy when he hosted a gathering of Nobel Prize winners at the White House. President Kennedy said, “This is the most extraordinary collection of talent, of human knowledge, that has ever been gathered together at the White House with the possible exception of when Thomas Jefferson dined alone.”
His attention is drawn to the dining room table and the numerous complicated-looking forms with numbers like “1040” or “W2″ or “1099” on them. He politely asks, “What are you doing?”
You feel uncomfortable, almost as if you have a guilty conscience, but you aren’t sure why. You answer, “Each year on April 15, Americans are required to file an income tax return with the Internal Revenue Service, a branch of the Treasury Department. On this return, we are required to list the source and amount of all our income. The amount of income determines the percent of tax that we pay. The higher the income, the higher the rate of tax.”
Then you continue, “However, the government has tried to make it simple. All Americans who work for others are required to have an estimate of their tax deducted from their earnings before they receive their pay. We call this withholding. Also, the law requires us to place our social security number on all our bank accounts. All banks where we deposit our money and people who sell stocks for us report the amount of money we earned in each account and on each transaction to the Internal Revenue Service. These actions are necessary because the government wants to ensure that all of the income taxes are collected. You see, they really don’t trust the people to pay.”
Jefferson is visibly stunned. “You mean Americans are required to tell an agency of the government how much money they made and where they earned it?”
“Yes,” you answer. Puzzled, Jefferson says to you, “The government must have had a great financial emergency which made such a despotic tax system necessary to pay off a great deficit.”
You sadly explain that there really was no emergency. You explain how the admitted national debt is in excess of $16 trillion and increasing by $1 billion each year.
Jefferson, mostly to himself, says, “In my Second Inaugural Address I warned that we must meet all of the expenses of each year without encroaching on the rights of future generations by burdening them with the debts of the past. All of us had seen the devastating effects of a national debt.”
Then Jefferson asks you if you really said that the more money you earned, the higher the rate of tax you had to pay. You slowly confirm this simple fact. Strangely, it no longer seems harmless.
In a sad voice, Jefferson says, “When we wrote the Constitution, all of us knew history. We knew that great civilizations began to decline when they introduced direct taxation. In the Constitution, we restricted direct taxation because we knew it would yield the same result experienced by other nations using direct taxation-erosion of individual rights and the oppression of the minority by the majority because it could use its political power to use the government to steal from the minority.”
Then Jefferson says to himself, “How can this be? Have Americans forgotten history?” You look at this man who, together with a few others, so eloquently gave birth to the idea of freedom that has pervaded the United States for most of its existence and is being echoed around the world today by countries throwing off despotism. Now embarrassed and truly ashamed, you explain that Americans, like sheep to the slaughter, meekly went along with each new law that stripped away more of their freedom.
In World War II, Americans agreed to income tax withholding as a “temporary measure” to help win the war. Of course, withholding was never ended and has become a permanent fixture. Then came the plausible rule that our social security number should be on all our accounts. In this way, the government ensures that no one evades reporting the income earned in their accounts. Of course, then came the rule that all bank accounts should file information returns and that most transactions should be reported to the government.
You state that the income tax rules are incomprehensible, that no one understands them but that the taxpayer is still responsible for compliance. You tell him that in tax matters, Americans are guilty until proven innocent. You explain how an agent of the government can come into your home and inspect all of your checks and papers and ask you to explain the purpose of each check. If the agent decides that you have not fully complied with the incomprehensible income tax code, he can arbitrarily decide that you owe more tax. If your taxes are not paid, your bank accounts can be seized and your home and other properties auctioned.
“Our people fought a revolution because of government intrusion far less than this,” Jefferson says. “It is inconceivable that any of us would have tolerated this type of government tyranny. A government that has to enforce a tax its people will not willingly pay is a government that should be immediately overthrown. In a letter to James Madison in 1787 I said, ‘I hold it that a little rebellion, now and then, is a good thing, and as necessary in the political world as storms in the physical. It is a medicine necessary for the sound health of government.’ Are you sure that I am in the right country? There must have been a revolution. Real Americans would never have given up their rights without a fight.”
Seeing your bowed head, he knows the answer. There was no revolution. Now deeply ashamed, you try to excuse yourself by explaining to him that people who refuse to obey the tax laws are often sent to prison, sometimes for 25 to 30 years.
Jefferson just stares at you. In a low, anguished voice he says, “Is this what we risked our lives for? We thought we were giving future generations a free country ruled by the people for the people. What you have done is taken our idea and twisted it. You have freely submitted to despotism much worse than we faced. You may think that you are free, but that is because you choose not to see your chains or the walls that imprison you. No, my friend, you live in a prison. You work for the government, not for yourselves. Your ancestors would not know you. I am sorry for my country and I am sorry for you.”
Without another word, Jefferson walks out the door. As you see his tall figure disappear into the mist, you are sadder than you can remember ever being. You now must admit to yourself what you have been trying to explain away. What Jefferson said is true. What has happened to us is what Thomas Paine predicted would happen if Americans lost their freedom. Our freedoms have not been taken away all at once but a little at a time.
Jefferson could see it. If you really look, you can see it too.
Steven L. Hayes is the Chairman and President of Americans For Fair Tax. Charles Adams is the author of FOR GOOD AND EVIL, THE IMPACT OF TAXES ON THE COURSE OF CIVILIZATION, Madison Books.
© 2013 by Steven L. Hayes and Charles Adams
All rights reserved.
I am not running these intelligent men down, but they remain just as ignorant as I was for most of my life. Yes, I still have a very high respect for Jefferson but he could not possibly be the saintly patriot we all praise him for. Does the Louisiana Purchase ring a bell? That aside, may I direct your attention to a past published article titled Before Things Get Out of Hand Judge Anna von Reitz
So you will finally understand where we stand today. Read it and weep!
July 2nd, 2015 by olddog
By Michael Snyder
Keep an eye on the shadow banking system – it is about to be shaken to the core. According to the Financial Stability Board, the size of the global shadow banking system has reached an astounding 75 trillion dollars. It has approximately tripled in size since 2002. In the U.S. alone, the size of the shadow banking system is approximately 24 trillion dollars. At this point, shadow banking assets in the United States are even greater than those of conventional banks. These shadow banks are largely unregulated, but governments around the world have been extremely hesitant to crack down on them because these nonbank lenders have helped fuel economic growth. But in the end, we will all likely pay a very great price for allowing these exceedingly reckless financial institutions to run wild.
If you are not familiar with the “shadow banking system”, the following is a pretty good definition from investing answers.com…
The shadow banking system (or shadow financial system) is a network of financial institutions comprised of non-depository banks — e.g., investment banks, structured investment vehicles (SIVs), conduits, hedge funds, non-bank financial institutions and money market funds.
How it works/Example:
Shadow banking institutions generally serve as intermediaries between investors and borrowers, providing credit and capital for investors, institutional investors, and corporations, and profiting from fees and/or from the arbitrage in interest rates.
Because shadow banking institutions don’t receive traditional deposits like a depository bank, they have escaped most regulatory limits and laws imposed on the traditional banking system. Members are able to operate without being subject to regulatory oversight for unregulated activities. An example of an unregulated activity is a credit default swap (CDS).
These institutions are extremely dangerous because they are highly leveraged and they are behaving very recklessly. They played a major role during the financial crisis of 2008, and even the New York Fed admits that shadow banking has “increased the fragility of the entire financial system”…
The current financial crisis has highlighted the growing importance of the “shadow banking system,” which grew out of the securitization of assets and the integration of banking with capital market developments. This trend has been most pronounced in the United States, but it has had a profound influence on the global financial system. In a market-based financial system, banking and capital market developments are inseparable: Funding conditions are closely tied to fluctuations in the leverage of market-based financial intermediaries. Growth in the balance sheets of these intermediaries provides a sense of the availability of credit, while contractions of their balance sheets have tended to precede the onset of financial crises. Securitization was intended as a way to transfer credit risk to those better able to absorb losses, but instead it increased the fragility of the entire financial system by allowing banks and other intermediaries to “leverage up” by buying one another’s securities.
Over the past decade, shadow banking has become a truly worldwide phenomenon, and thus it is a major threat to the entire global financial system. In China, shadow banking has been growing by leaps and bounds, but this has the authorities deeply concerned. In fact, according to Bloomberg one top Chinese regulator has referred to shadow banking as a “Ponzi scheme”…
Their growth had caused the man who is now China’s top securities regulator to label the off-balance-sheet products a “Ponzi scheme,” because banks have to sell more each month to pay off those that are maturing.
And what happens to all Ponzi schemes eventually?
In the end, they always collapse.
And when this 75 trillion dollar Ponzi scheme collapses, the global devastation that it will cause will be absolutely unprecedented.
Bond expert Bill Gross, who is intimately familiar with the shadow banking system, has just come out with a major warning about the lack of liquidity in the shadow banking system…
Mutual funds, hedge funds, and ETFs, are part of the “shadow banking system” where these modern “banks” are not required to maintain reserves or even emergency levels of cash. Since they in effect now are the market, a rush for liquidity on the part of the investing public, whether they be individuals in 401Ks or institutional pension funds and insurance companies, would find the “market” selling to itself with the Federal Reserve severely limited in its ability to provide assistance.
As far as shadow banking is concerned, everything is just fine as long as markets just keep going up and up and up.
But once they start falling, the whole system can start falling apart very rapidly. Here is more from Bill Gross on what might cause a “run on the shadow banks” in the near future…
Long used to the inevitability of capital gains, investors and markets have not been tested during a stretch of time when prices go down and policymakers’ hands are tied to perform their historical function of buyer of last resort. It’s then that liquidity will be tested.
And what might precipitate such a “run on the shadow banks”?
1) A central bank mistake leading to lower bond prices and a stronger dollar.
2) Greece, and if so, the inevitable aftermath of default/restructuring leading to additional concerns for Eurozone peripherals.
3) China – “a riddle wrapped in a mystery, inside an enigma”. It is the “mystery meat” of economic sandwiches – you never know what’s in there. Credit has expanded more rapidly in recent years than any major economy in history, a sure warning sign.
4) Emerging market crisis – dollar denominated debt/overinvestment/commodity orientation – take your pick of potential culprits.
5) Geopolitical risks – too numerous to mention and too sensitive to print.
6) A butterfly’s wing – chaos theory suggests that a small change in “non-linear systems” could result in large changes elsewhere. Call this kooky, but in a levered financial system, small changes can upset the status quo. Keep that butterfly net handy.
Should that moment occur, a cold rather than a hot shower may be an investor’s reward and the view will be something less than “gorgeous”. So what to do?Hold an appropriate amount of cash so that panic selling for you is off the table.
In order to avoid a shadow banking crisis, what we need is for global financial markets to stabilize and to resume their upward trends.
If stocks and bonds start crashing, which is precisely what I have projected will happen during the last half of 2015, the shadow banking system is going to come under an extreme amount of stress. If the coming global financial crisis is even half as bad as I believe it is going to be, there is no way that the shadow banking system is going to hold up.
So let’s hope that the financial devastation that we have seen so far this week is not a preview of things to come. The global financial system has been transformed into a delicately balanced pyramid of glass that is not designed to handle turbulent times. We should have never allowed the shadow banks to run wild like this, but we did, and now in just a short while we are going to get to witness a financial implosion unlike anything the world has ever seen before.
July 1st, 2015 by olddog
By Mac Slavo
According to the Bank for International Settlements (BIS), the shadowy “central bank of central banks,” the world as it stands is incapable of combating another global financial crash – a crash that there is every reason to think is coming.
That’s because the economy remains in the hands of the Federal Reserve and other central banks.
The financial wizards in THIS VIDEO went so far to say that “we are all slaves to the central banks.” It wasn’t exactly hyperbole.
According to the BIS, central banks have already “used up their ammunition” by driving interests to below zero, freezing investment for the important stuff like production and infrastructure, and instead fueling huge bubbles for wonder kids on Wall Street to play in.
Now, everything is basically teetering on the edge until the music stops. According to the BIS, it will soon be time to pay the piper – as “persistent ultra-low rates” are poised to unleash destruction upon the economy like King Kong set loose on Manhattan:
The BIS report described the threat of a new bust in advanced economies as a “main risk”, with many reaching the top of the economic cycle.
The economies worst hit by the last crisis are now suffering the costs of persistent ultra-low rates, the organisation said, which could “inflict serious damage on the financial system”, sapping banks and weakening their balance sheets and their ability to lend.
And worse, the advanced countries will be unable to fight back against the serious consequences, according to their 2015 annual report:
In past years, the BIS has painted a clear picture of the bleak financial landscape brought on by central bank policy since the 2008 crisis.
It warned in 2013 that:
Fresh action from central banks to kick-start growth may do more harm than good, by distorting financial markets and jeopardising stability.
“Unfortunately, central banks cannot do more without compounding the risks they have already created.”(source)
In 2014, it found that central banks have failed to achieve a recovery, and are incapable of doing so:
Robust, self-sustaining growth still eludes the global economy… Central banks cannot solve the structural problems that are preventing a return to strong and sustainable growth.
“Most of all, central banks cannot enact the structural economic and financial reforms needed to return economies to the real growth paths authorities and their publics both want and expect.”
“What central bank accommodation has done during the recovery is to borrow time … But the time needs to be used wisely, as the balance between benefits and costs is deteriorating.” (source)
Given the unique insider position of the Bank for International Settlements in the global financial power structure, these are foreboding words to be met with mature concern. This is a tacit admission that the powers that be know the next big crisis is around the corner, and they are ready to watch us drown in it – this time, without reaching down to offer us up.
You can read more from Mac Slavo at his site SHTFplan.com, where this article first appeared.
This article may be re-posted in full with attribution.
June 26th, 2015 by olddog
( This makes me totally sick…. disgusted!!! /dt )
Jun252015 – by Paola Casale
any think our government is for sale. However, by taking a look at the facts below provided by Open Secrets, it is easy to understand where they are coming from.
Looking back at Friday the 12th, the House voted on Trade Promotion Authority (TPA), the controversial bill that gives power to the executive branch to negotiate treaties. TPA limits Congress’ ability to better a trade deal by subjecting members of Congress to 90 days of reviewing the trade agreement, prohibiting any amendments on the implementing legislation, and giving them an up or down vote.
TPA passed with a mere 219-211 vote with only 218 needed to pass. The real shocker comes from the amount of money each Representative received for a yes vote. In total, $197,869,145 was given to Representatives for a yes vote where as $23,065,231 was given in opposition.
- John Boehner (R-OH) received $5.3 million for a “yea” vote and was the highest paid legislator.
- Kevin McCarthy (R-CA) received $2.4 million for his “yea” vote.
- Paul Ryan (R-WI) received $2.4 million for a “yea” vote and came in at the third highest paid legislator.
- Pat Tiberi (R-OH) follows Paul Ryan, coming in the fourth spot having received $1.6 million for his “yea” vote.
The fifth highest paid legislator is somewhat of a “hero” in comparison to others. Representative Steny Hoyer (D-MD) received $1.6 million for a yes vote and only $282,710 for a no vote. Despite his high contribution from those in favor of TPA, he still voted a solid nay.
We also have other hero stories.
- Joe Crowley (D-NY) received 1.3 million for a “yea” vote and only $72,550 for a “nay” vote and he still voted against TPA.
- Patrick Murphy (D-FL) received 1.1 million for a “yea” vote and only $213,360 for a “nay” vote and still voted against it.
- Richard Neal D(MA) received $1.1 million for a “yea” vote and a mere $47,625 for a “nay” vote and still voted against it.
Democrats are not the only heroes in this voting session. GOP members spoke very loud and clear.
- Mick Mulvaney (R-SC) received $541,746 for a “yea” vote and no money at all for a “nay” vote and he still voted “nay!”
- Andy Harris (R-MD) received $254,803 for a “yea” vote and no money at all for a “nay” vote and he still voted “nay”.
- Thomas Massie (R-KY) received $250,328 for a “yea” vote and no money at all for a “nay” vote and he still voted “nay.”
- Dana Rohrabacher (R-CA) received $180,832 for a “yea” vote and no money at all for a “nay vote” and she still voted “nay.”
Where did this kind of money come from? Those in favor of TPA were security brokers and investment companies who donated a whopping $11.3 million dollars for a “yea” vote. Big banking companies donated $10.1 million dollars. In other words, Wall Street hashed out millions and millions of dollars to push for the passage of TPA.
Originally published by Op-Ed News
Is there any doubt that America is not what we were told has children, and hundreds of thousands of brave but deluded young men died for? Is there any doubt that Americans are totally accepting of anything the government demands? Is there any possibility that the reader of this site will now join up with those who are trying to educate the masses? OR, are you going to continue believing you live in the best country on earth?
June 25th, 2015 by olddog
Foundation of global government cemented with passage of secretive bill
June 24, 2015
One of the most devastating blows to US sovereignty since the country’s founding was dealt today as the Senate handed President Obama his Trans-Pacific Partnership victory.
Despite massive opposition from the American people, Tea Party Republicans and a majority of Democrats, Obama was granted fast-track authority by a 60-38 vote.
Sections of the TPP published by Wikileaks have revealed the treaty’s vast influence over multiple areas including individual rights, internet freedom and even the rule of law itself. Unelected corporate boards and the President can now wield unprecedented control over almost every aspect of human activity.
“If you read, write, publish, think, listen, dance, sing or invent; if you farm or consume food; if you’re ill now or might one day be ill, the TPP has you in its crosshairs,” Wikileaks’ Julian Assange wrote.
Secret TPP chapters regarding immigration also grant President Obama an even greater ability to erode the country’s Southern border.
“Obama will be able to finalize all three of the Obamatrade deals, without any Congressional input…” notes Breitbart.
The TPP, which covers 12 countries and more than 40% of the world’s economy, will place North America under the same global government structure as the European Union, where laws are increasingly crafted outside of public influence.
WAKE THE HELL UP AMERICA
The scumbags in congress/senate have just sold us out completely, and there is no possibility of recourse as there is no possibility of organizing a rebellion without secret communication. All of the brave men and women who have been warning you to take action will now be hunted down and disposed of. There is no active constitution or common law left, and the military has been sanitized of patriots. Even with my extraordinary vocabulary of foul verbal expressions I find myself unable to express how putrid this travesty of justice is. And the most horrible part of all this is the majority of Americans have not the courage to stand up and refuse to obey. America has just committed suicide with their complacency. They are just plain stupid, and congress/senate is full of the most degenerate sons of bitches on earth. I hope those bastards die of the most agonizing/painful disease known to humanity.
June 22nd, 2015 by olddog
By Michael Snyder, on June 19th, 2015
As we move toward the second half of 2015, signs of financial turmoil are appearing all over the globe. In Greece, a full blown bank run is happening right now. Approximately 2 billion euros were pulled out of Greek banks in just the past three days, Barclays says that capital controls are “imminent” unless a debt deal is struck, and there are reports that preparations are being made for a “bank holiday” in Greece. Meanwhile, Chinese stocks are absolutely crashing. The Shanghai Composite Index was down more than 13 percent this week alone. That was the largest one week decline since the collapse of Lehman Brothers. In the U.S., stocks aren’t crashing yet, but we just witnessed one of the largest one week outflows of capital from the bond markets that we have ever witnessed. Slowly but surely, we are starting to see the smart money head for the exits. As one Swedish fund manager put it recently, everyone wants “to avoid being caught on the wrong side of markets once the herd realizes stocks are over-valued“.
I don’t think that most people understand how serious things have gotten already. In Greece, so much money has been pulled out of the banks that the European Central Bank admits that Greek banks may not be able to open on Monday…
The European Central Bank told a meeting of euro zone finance ministers on Thursday that it was not sure if Greek banks, which have been suffering large daily deposit outflows, would be able to open on Monday, officials with knowledge of the talks said.
Greek savers have withdrawn about 2 billion euros from banks over the past three days, with outflows accelerating rapidly since talks between the government and its creditors collapsed at the weekend, banking sources told Reuters.
All over social media, people are sharing photos of long lines at Greek ATMs as ordinary citizens rush to get their cash out of the troubled banks. Here is one example…
And if there is no debt deal by the end of this month, the Greek debt crisis is going to totally spin out of control and financial chaos will begin to erupt all over Europe. But instead of trying to be reasonable, EU president Donald Tusk “has delivered an ultimatum to Greece”, and it almost appears as if EU officials are more concerned about winning a power struggle than they are about averting financial catastrophe…
EU president Donald Tusk has delivered an ultimatum to Greece, claiming the country must ‘accept an offer or default’ at an emergency summit set for Monday – in a last-ditch effort to stop the debt-stricken nation crashing out of the euro.
‘We are close to the point where the Greek government will have to choose between accepting what I believe is a good offer of continued support or to head towards default,’ Mr Tusk said today.
His comments come as Greek Prime Minister Alexis Tsipras warned that his country’s exit from the eurozone would trigger the collapse of the single currency.
‘The famous Grexit cannot be an option either for the Greeks or the European Union,’ he said in an Austrian newspaper interview.
‘This would be an irreversible step, it would be the beginning of the end of the eurozone.’
While all of this has been going on, the obscene stock market bubble in China has started to implode. Just check out the following numbers from Zero Hedge…
As the carnage began last night in China we noted the extreme levels of volatility the major indices had experienced in recent weeks. By the close, things were ugly with the broad Shanghai Composite down a stunning 13.3% on the week – the most since Lehman in 2008 (with Shenzhen slightly better at down 12.8% and CHINEXT down a record-breaking 14.99%).
Under normal circumstances, numbers like these would be reason for a full-blown financial panic over in Asia. But these are not normal times. Even with these losses, stock prices in China are still massively overinflated. For example, USA Today is reporting that the median stock over in China is “trading at 95 times earnings”…
Margin debt in China has soared to a record $363 billion, according to Bloomberg, and the median stock in mainland China is now trading at 95 times earnings, which even tops the price-to-earnings multiple of 68 back at the 2007 peak.
That is absolutely ridiculous. When a stock is trading at 25 or 30 times earnings it is overpriced. So these numbers that are coming out of China are beyond crazy, and what this means is that Chinese stocks have much, much farther to fall before they get back to any semblance of reality.
Meanwhile, in the U.S. money is flowing out of bonds at a staggering pace. The following quote originally comes from Bank of America…
“High grade credit funds suffered their biggest outflow this year, and double the previous week (and also the biggest since June 2013). High yield outflows also jumped to $1.1bn, the biggest since the start of the year. However, government bond funds suffered the most amid the recent spike in volatility, with outflows surging to the highest weekly number on record ($2.7bn). This brings the total outflow from fixed income funds to almost $6bn over the last week, the highest since the Taper Tantrum and the third highest outflow ever.”
What this means is that big trouble is brewing in the bond markets. This is something that I warned about in my previous article entitled “Experts Are Warning That The 76 Trillion Dollar Global Bond Bubble Is About To Explode“.
For the moment, U.S. stocks are doing fine. But just about everyone can see that we in a massive financial bubble that could burst at any time. Presidential candidate Donald Trump says that what we are witnessing is a “big fat economic and financial bubble like you’ve never seen before”…
Yesterday during an interview on MSNBC, presidential candidate Donald Trump said he has some big names in mind for the Treasury secretary if he wins the White House. “I’d like guys like Jack Welch. I like guys like Henry Kravis. I’d love to bring my friend Carl Icahn.” He also opined on the economy and the stock market, admitting that the Fed has benefited people like him but that the economy and is in a “big fat economic and financial bubble like you’ve never seen before.“
Ron Paul also believes that this financial bubble is going to end very badly. Just check out what he told CNBC earlier this week…
Despite record highs in the market, former Rep. Ron Paul says the Fed’s easy money policies have left stocks and bonds are on the verge of a massive collapse.
“I am utterly amazed at how the Federal Reserve can play havoc with the market,” Paul said on CNBC’s “Futures Now” referring to Thursday’s surge in stocks. The S&P 500 closed less than 1 percent off its all-time high. “I look at it as being very unstable.”
In Paul’s eyes, “the fallacy of economic planning” has created such a “horrendous bubble” in the bond market that it’s only a matter of time before the bottom falls out. And when it does, it will lead to “stock market chaos.”
Yes, this financial bubble has persisted far longer than many believed possible, but all irrational bubbles eventually burst.
And you know what they say – the bigger they come the harder they fall.
When this gigantic financial bubble finally implodes, it is going to be absolutely horrifying, and the entire planet is going to be shocked by the carnage.
June 21st, 2015 by olddog
By Bernie Suarez
Throughout nature it is well known that species will experience changes in its DNA and adaptations in its physical expression and behavior solely for the purposes of surviving in its environment. There are numerous examples in nature of species genetically and physically adapting to its environment for survival reasons. So it’s not a far-fetched suggestion that humanity itself may now be experiencing a physiological mental and cerebral transformation which is changing its behavioral pattern and environmental response to the phenomenon of government.
That’s right, as humans we have an obligation to think critically and objectively when considering the plight of humanity as it struggles in these modern days against the new world order and the human control system. It is up to us to consider the objective expression of this battle for freedom against the oppressive and defective component of humanity known as government.
Whether you understand it or not, those that wish to control you are a parasite on the species. Their infective process is carried out by thought signals within other concurring members of the species. These thought signals of control, rules, laws, policing, and legal system of enslavement perpetuate itself within the species, and is the very system that we know as the controlling governmental system. It seeks to simply control and enslave others. There is really no other purpose for its existence. It generates the mental signals needed to perpetuate the control system of enslavement to take away your individual freedom and your wealth and money. It does all of this by the system of rules we logically understand today as government.
This same governmental system is a sophisticated apparatus. It didn’t just come about by any means. This concept of government, it turns out, is the very burden of life that ensures that life often is a struggle, is stress filled or not enjoyable. This control system is a challenge humanity has been trying to figure out for centuries. Anyone can read ancient history and see the exact same struggle humanity was in back then. It is not difficult to see the parallels throughout history showing how the history of freedom’s struggle is arguably the very history of humanity.
Unfortunately today, all of history is often taught to children from the point of view of the controllers. The concept of freedom is normally hidden from human consciousness from the start with the hope and intention that the human being will never comprehend what it means to be truly free. The control system’s logic instilled from youth is that life is what you are told it is by the control system and you are to obey. We are taught that freedom from controlling governments is not realistic, not possible and not even part of human history.
Realization and awareness
However, with the advent of the information age and the subsequent advancement in human awareness and consciousness, many within the species (those who are awakened) are realizing that the sky is the limit. Humanity is realizing that truth itself is realized, not expressed to you by a voice on TV or a billboard. Awakened humanity is realizing that we are what we believe we can be. The rules of old are quickly dissolving before our eyes even as the control system marches on with control tactics to keep the masses enslaved.
Reality and fiction are on a collision course. The controllers are intending to force their fiction on humanity even if it means going violent. Today, this forceful violence designed to intimidate and push their agenda is known by many names today including “false flags”. These false flags are now the norm in the eyes of those who are awakened, and spontaneous coincidences in the eyes of those still asleep in the matrix of lies.
This epic moment in human consciousness is leading to something big. What we are now seeing is a rash of staged government violent operations, staged false flag violence and everyday lies from the control system’s mainstream media. As awakened humanity fights off a now weak storm of verbal attacks (“conspiracy theorists”) designed to discredit those awakened, it is primed to usher in a new era which is already underway.
The new era of human consciousness has many features to it. It’s already in progress and it’s all around us even though most people don’t realize it. Humanity is mentally advancing and adapting very comfortably to government lies and propaganda. Yes, that’s right! I believe humanity is adapting so well to government lies and propaganda that the control system is desperate to do whatever it has to do to control, fool and convince those that are still asleep that the dream they are in is still real. They are throwing the kitchen sink at this prospect. The dream of controlling humanity is, after all, a dream to the controllers. The same way you and I have dreams of success and happiness is the same way the controller have dreams of controlling. Like any member of the species, we (they) are wired to not give up on our (their) dreams.
This functional commonality within humanity is a very important reality we must all keep in mind. The same tenacity that we have for fighting for freedom and truth is the tenacity the controllers have for fighting for enslavement and lies.
Rendering the control system powerless
I believe our similarities within the species is something that is allowing the species as a whole to adapt to the problematic control system. This diseased portion of humanity known as the control system is losing its mass influence, and the loss of influence is growing and becoming more pronounced with every day that goes by.
For example, as I’ve discussed in the past, more than ever we are now seeing repeated government lies, propaganda, entire operations including false flags and fake terror operations all being pushed on the masses at all-time rates, all the while a growing significant percentage of the human population is not even blinking at these events. It’s as if these false flag shootings, lies, propaganda and staged terror is not even happening. The anxiety it’s supposed to produce is not there and the lies they tell are not believed. Awakened humanity is increasingly seeing government and its lying apparatus as an irrelevant part of life.
We all know the control system is very capable of violence. Yes, they will do anything they can to put every single one of us in a cage (jail, prison) or to take away our money (taxes). Yes they will write thousands of laws to make it easier and easier to attack your freedom and steal your money. And yes they will continue to attack your mind with staged fear (terrorism, false flags and engineered natural events). Awakened humanity is aware of what it is dealing with and it is aware of its individual limitations so it tolerates what it sees, quietly marches on ignoring the fear and quietly awaits the moment when all the cards will fall apart for the control system.
Many who are fully awakened realize that essentially all human progress occurs slowly and incrementally. That is the reason why we all have associates, friends and family who are still asleep in the matrix of lies. We understand it is a slow process. It’s the process of human mental, spiritual, and conscious evolution that we are seeing in motion in real-time. Its happening right now and it’s very real.
I firmly believe humanity is actually adapting to the problem of government. Advanced humanity sees the problem and now it is fully understanding what it’s dealing with. This new and evolving understanding is giving way to the evolutionary process of overcoming government. Humanity is intrinsically changing how it thinks in response to the problem of government. Think for a moment how just a century ago no one had any clue what a false flag was. Can you imagine that?
Here we are in the first quarter of the 21st century and humanity’s mentality is advancing beyond its years even as a huge segment is still stuck on the paradigm of entertainment allowing celebrities, Hollywood and TV to influence their perception of the world. Advanced humanity, nonetheless, is moving forward confidently. Those who are awakened cannot be un-awakened. The awakening process is a one-way street. It’s a process that moves forward not backward. Mathematically speaking there will be more (not less) awakened people on earth tomorrow than yesterday, and so on.
All of these factors put together define the evolution of humanity but not in the sense taught to children in public schools. This is the true and real evolution of the human thought process which includes its new awareness of itself, its new awareness of freedom, and full awareness of its enslavement to government and how it employs the current propaganda control system.
I believe this awareness alone is all that is needed for humanity to guarantee victory over the control system. It may sound crazy and exaggerated but this awareness alone will activate the spirit of freedom deep inside the minds of humans and it will activate the creativity in humanity to do whatever it takes to resist the control system. This resistance, when exercised on a mass scale will deal a blow to the control system in ways we can’t imagine.
So no one should be surprised that the control system will soon be using the U.S. military to practice intimidating Americans and pulling them out of their apartments (Jade Helm 15 operation officially starting soon). That’s because deep down the control system knows what it is up against. It’s up against a sophisticated species that is aware, is watching, is vigilant, loves freedom and most important, is evolving mentally. This new adaptation by the species to the problem of government will ultimately be the greatest threat to the control system. The controllers are hoping to overcome this by spreading fear. They know, however, that if they fail to spread their fear it is game over. Are you ready? Will you be ready when things get much worse? Is the greater picture finally coming together?
Bernie is a revolutionary writer with a background in medicine, psychology, and information technology. He has written numerous articles over the years about freedom, government corruption and conspiracies, and solutions. A former host of the 9/11 Freefall radio show, Bernie is also the creator of the Truth and Art TV project where he shares articles and videos about issues that raise our consciousness and offer solutions to our current problems. His efforts are designed to encourage others to joyfully stand for truth, to expose government tactics of propaganda, fear and deception, and to address the psychology of dealing with the rising new world order. He is also a former U.S. Marine who believes it is our duty to stand for and defend the U.S. Constitution against all enemies foreign and domestic. A peace activist, he believes information and awareness is the first step toward being free from enslavement from the globalist control system which now threatens humanity. He believes love conquers all fear and it is up to each and every one of us to manifest the solutions and the change that you want to see in this world, because doing this is the very thing that will ensure victory and restoration of the human race from the rising global enslavement system, and will offer hope to future generations.
This article may be re-posted in full with attribution.
Comparing societal conceptions from the nineteen fifties to today’s is an exercise in mental flagellation, but it is now easy to understand how malleable the human mind is after years of reading the works of competent authors on the real state of the union. Humanity has degenerated into such a state of complacency as to be unbelievable.
As the art form of mental manipulation advanced, governments worldwide sucked more and more individualism from their constituents until voluntary obedience and support was normal, and self reliance was considered traitorous until freedoms greatest enemy became leviathan and overwhelming. Such is the present state of nation’s world wide. It reminds me of an internet video I saw where millions of people were compulsively jumping into a giant crater. This sad state of affairs is depressing beyond comprehension.
My mind keeps wondering how humanity could accept slavery too concepts born in the mind of lunatics and abhor self determination. Even as I know full well how it was accomplished, my mind still cannot accept such stupidity from my friends, family, neighbors, and fellow countrymen. After all, these are the people who designed and built products making life so enjoyable and productive that back breaking labor is seldom ever needed. How could they possibly accept an ideology so destructive to freedom of thought, speech, and action, when so many millions of their ancestors died to acquire it? What made them believe they had the right and responsibility to support the theft of individualism through public education and media conglomerates? Or, the governments power to kill people for disagreeing? Can anyone really support a government that kills their constituents for supporting freedom of thought and speech? Can any thinking human being justify giving a cop authority to kill someone for disagreeing with them? Dear readers, if your mind has have been twisted so far that you support the government’s right to send tyrants to my home to kill me for disagreeing with their tyrannical laws; you should also warn them to bring plenty of body bags. I’ve had all of this lunacy I will take, and your support of a tyrannical government has made the only solution financially impossible for me.
So Abram said to Lot, “Please let there be no strife between you and me, nor between my herdsmen and your herdsmen, for we are brothers. “Is not the whole land before you? Please separate from me; if to the left, then I will go to the right; or if to the right, then I will go to the left.” Genesis 13:9
The biggest difference between us is, when they come for all of us, you will be on your knees begging, and I will be on my feet shooting back. An honorable death is nothing to fear.
Here is another honorable mans words
Sipsey Street Irregulars
The ORIGINAL gathering place for a merry band of Three Percenters. (As denounced by Bill Clinton on CNN!)
Saturday, June 20, 2015
Statement by Mike Vanderboegh at the opening of the Arms Expo, Yakima WA, 20 June 2015
I’d like to speak to you about the uniqueness of what we are doing here today and the efforts we are making to deal with this unprecedented event and how it affects the way we’re handling the competing interests of the participants and the press. First of all, I’d like to thank y’all for coming and taking your courage in your own two hands and braving the uncertainties to be here. In looking out at you I see the Founders descendants, only the Founders didn’t have to deal with the modern surveillance state. There were no cameras at the Boston Tea Party, the Green Dragon Tavern where the Sons of Liberty met was not bugged by the secret political police of Ministry of Homeland Security, the Committees of Correspondence did not have their communications photographed by the Royal Mail, General Gage did not possess surveillance drones and Captain Parker was not plagued by agents provocateurs within his own ranks working for the King and determined to discredit the Patriot cause by goading them into firing first. It is fortunate for us that King George did not possess these instruments of tyranny. But the fact of the matter is that Barack Obama and his minions do possess them. So when you come here today, you are, I believe, exhibiting every bit as much courage as the Founders, for you do face these threats and still you refuse to comply. By your very presence here today, you are sending the message: WE WILL NOT COMPLY WITH THE INSTRUMENTS OF OUR OWN SLAVERY.
But how does this new reality impact us? You are here. The press is, or will be, here. But the fact of the matter is that there’s gonna be some good old fashioned Sons of Liberty tyranny-breakin’ goin’ on here today and the event organizers are doing their best to balance the competing interests of the participants and the press. How? Well, first of all we have a First Amendment area set up for the press. We will be providing folks for them to interview throughout the day but they will not be allowed to roam freely in the event area. They will, I am sure, try to interview folks going in and coming out of the venue. Whether you talk them or not is strictly up to you. But I would urge caution because remember, there’s going to be some tyranny-defyin’ goin’ on here and anything you say, your identity, even your presence, may later be of interest to an unscrupulous state prosecutor who wants to enforce unconstitutional laws. The other thing is that there are groups out there — and the Southern Poverty Law Center comes first to mind — who specialize in masquerading as press, or who circulate through crowds at these events, asking provocative questions whose answers they can later use out of context to discredit people. Pretending to be participants, they take surveillance photos that they will later provide to their symbiotic agents of social control in the FBI and the DHS. This should come as no surprise. It is what they do. It is not for nothing that we in Alabama call them the Southern Preposterous Lie Center. But you should expect that. They are collectivists therefore they are liars. It is who they are. You might as well blame a rattlesnake for biting. But the thing is, they are not as noble as the rattlesnake because they give you no warning before striking. These folks are copperheads, people, pretending to be what they are not, so be advised.
As for the real press, this situation puts them at some risk as well. Anything they do here today, interviews, picture taking, video, may later haul them before a grand jury. This is a direct danger to their First Amendment rights to do their job without threat or interference. So as much as they might chafe under the restrictions of the First Amendment zone, I hope they understand that we’re trying to look out for their own interests as well as yours. After all, at the Bundy Ranch the press agreed to a First Amendment zone so it’s not the first time they’ve experienced this. So it’s not as great a challenge as, say, asking Hillary Clinton a serious question about Benghazi, or anything.
So, that being said, we will proceed as best we can to have a great event today, to celebrate our rights and responsibilities as free American citizens, and to nullify with our defiance Mike Bloomberg’s hateful unconstitutional law, purchased at the cost of his millions. American jurisprudence has long held that an unconstitutional law is null and void. But by your presence here today, you will nullify I-594 more directly and immediately. If it is later found to be “officially” unconstitutional, it will be redundant — FOR YOU HERE WILL HAVE NULLIFIED IT LONG BEFORE. And may God bless you for having the courage to be here.
Somewhere, Sam Adams and all the Founding generation are smiling.
Posted by Dutchman6
June 20th, 2015 by olddog
REBEL RANT by Michael Gaddy
“But when a long train of abuses and usurpations, pursuing invariably the same Object, evinces a design to reduce them under absolute Despotism…” ~Thomas Jefferson, Declaration of Independence
I would contend that a large majority of violent events that began with 9/11, continued through Aurora, Sandy Hook, Boston, Ferguson, Baltimore and now Charleston, are nothing if not a long train of abuses and usurpations pursuing invariably the same end: the complete and total destruction of individual freedom and liberty in this country.
Looked at intelligently and without the rose colored glasses of government idolatry, all those events have continued to grow government at an alarming rate and continually led to politicians, their lapdogs in the media and members of the species Ignoramus Americans to call for more and more government control over our lives and the subsequent loss of liberty.
Oh, our government would not do such a thing bleats the sheeple! The examples one could list where our government has killed its own citizens could fill volumes. Southern civilians during the War Between the States, American Indians, the 600 Black men treated for “bad blood” at Tuskegee in an experiment which lasted for 40 years and MK Ultra— just to name a very few.
Since 9/11 the government has used events mentioned in my first paragraph to increase the size of government, create new bureaucracies, (DHS and TSA) enlarge and expand intelligence gathering focused on we the people, given the police state new and expanded powers and military equipment and in general converted what was a struggling democracy into a complete totalitarian form of government. All the while the masses have applauded the efforts and shouted “more—more slavery for me and my friends” from the rooftops.
Are you ready to surrender your guns to those who would completely enslave you simply because agents of this totalitarian government found some naive dupe on psychotropic drugs, influenced and provided them with the opportunity and the means to commit mass mayhem which directly increases the powers of government? Have you wondered this week why 9 Black people allegedly killed by a White man in Charleston is a national tragedy but 12 people killed in black-on-black crime last weekend in Chicago is not mentioned?
This government is willing to spend trillions of dollars to rid the world of what they call terrorists—there is no difference in their mind between terrorists in the Middle East or those Domestic Terrorists who are the subject of Operation Jade Helm. Their goal is to eliminate both.
If you truly love Liberty, you must believe that any act of violence which benefits a totalitarian form of government was most likely planned and perpetrated by that government. The people should be innocent until proved guilty. The government, because of history, must be considered guilty until all the evidence is processed by outside, independent sources. Allowing the government to investigate its own crimes or appoint its own investigators is insanity to the infinite power.
How did it serve those who died at Pearl Harbor that in 1992 official government documents would reveal the government knew the Japanese were coming to bomb Pearl Harbor but kept it from the military commanders there? How did it serve those who died during the Vietnam War when it was revealed our government lied about the Gulf of Tonkin Incident? How did it serve those who have died in Iraq that our government lied about weapons of mass destruction, Saddam’s relationship with al-Qaeda and yellow cake from Niger?
How will it serve freedom and liberty 50 yeas from now when it is revealed our government was behind and responsible for many of the bombings and mass shootings that have taken place in this country since 2001?
If you still doubt our government would resort to such malevolent actions, please research Operation Northwoods, or the book Body of Secrets by James Bamford.
“Code named Operation Northwoods, the plan, which had the written approval of the Chairman and every member of the Joint Chiefs of Staff, called for innocent people to be shot on American streets; for boats carrying refugees fleeing Cuba to be sunk on the high seas; for a wave of violent terrorism to be launched in Washington D.C., Miami and elsewhere. People would be framed for bombings they did not commit: planes would be hijacked…” (Emphasis added)
Anything in the previous paragraph sound/look familiar?
“It is the duty of the Patriot to protect his country from its government.” ~Thomas Paine
When will Americans understand that “WE DO NOT HAVE A LEGITIMATE GOVERNMENT, THEY ARE ALL PROFIT SEEKING CORPORATIONS!!! ALL THEIR LAWS ARE NUL AND VOID. THEY RULE BY RAW POWER AND DO NOT REPRESENT THE PEOPLE. THEY ARE ONLY LOYAL TO THEIR MASTERS IN THE INTERNATIONAL BANKING CARTEL.”
DON’T BELIEVE ME?
WATCH THIS EVENT UNFOLD AND SEE FOR YOUR SELF!
Senators: Vote NO on TPA & EU-style Pacific Union
Here’s a recap of the Trade Promotion Authority (TPA) votes in the House and Senate:
- On May 22 the Senate passed a TPA bill and a Trade Adjustment Assistance (TAA) bill as a package and sent it to the House. On June 12, the House voted on TPA and TAA separately with the understanding that both TPA and TAA must be passed by the House to match the Senate action on the TPA/TAA package. Although the House passed the TPA bill by 219-211, it rejected the TAA bill by 126-302. This lopsided vote against the TAA bill resulted from most Democrats voting against the bill as a way to temporarily stop the approval of TPA.
- Since the House failed to pass both the TPA and TAA portions of the original Senate package, GOP leadership tried a new approach involving passing a standalone TPA bill (attached to an unrelated bill, H.R. 2146) on June 18 by 218-208 and sending it to the Senate for a vote. The Senate will have a cloture vote on the TPA bill on Tuesday, June 23.
- Although the Senate passed its TPA/TAA package by 62-37 on May 22, it is still possible to defeat TPA in the upcoming Senate cloture vote on the standalone TPA bill by convincing a few senators to change their vote. It takes 60 votes to invoke cloture and prevent a filibuster, so as few as three senators could stop passage of TPA by changing their minds and allowing a filibuster to prevent a vote on TPA. Click here to see how your senators voted on TPA on May 22. You should phone your senators no matter how they voted to help the ones who voted against TPA to stay the course, and to help convince those who voted for TPA to switch their vote.
Here’s the new information from Senator Jeff Sessions (R-Ala.), who has read the Trans-Pacific Partnership agreement, that should change some minds regarding the upcoming TPA vote in the Senate:
It is essential that there be no misunderstanding: fast-track [TPA] preapproves the formation of not only the unprecedentedly large Trans-Pacific Partnership, but an unlimited number of such agreements over the next six years. Those pacts include three of the most ambitious ever contemplated. After TPP comes the Transatlantic Trade and Investment Partnership (TTIP) between the United States and the European Union, followed by the Trade in Services Agreement (TiSA), seeking as one [of] its goals labor mobility among more than 50 nations. Together, these three international compacts encompass three-fourths of the world’s GDP. Including the nations whose membership is being courted for after enactment, the countries involved would encompass nearly 90 percent of global GDP. Yet, through fast-track, Congress will have authorized the President to ink these deals before a page of them has been made public. Then, the Executive sends Congress “implementing” legislation to change U.S. law-legislation which cannot be amended, cannot be filibustered, and will not be subjected to the Constitutional requirement for a two-thirds treaty vote….
This nation has never seen an agreement that compares to the TPP, which forms a new Pacific Union. This is far more than a trade agreement, but creates a self-governing and self-perpetuating Commission with extraordinary implications for American workers and American sovereignty.
Such a historic international regulatory Commission should never be fast-tracked, and should never be put on a path to passage until every word has been publicly scrutinized, every question answered, and every last power understood by Congress and the American people.” (Emphasis added.) (For Sessions’ full statement click on Sessions’ photo at left.)
Please take the following actions:
- Phone both your senators on Monday, June 22, and tell them to vote NO on the cloture vote for TPA (planned for Tuesday, June 23), and if cloture is invoked (filibuster prevented), vote NO on the TPA bill itself. Click here for phone numbers for DC and district offices.
- Tell them that you agree with Senator Sessions that TPA must be defeated because TPA would make it easier for the TPP, TTIP, and TISA agreements to be approved that would lead to a Pacific Union, an Atlantic Union, and increased labor mobility between the United States and 50 or so other nations, respectively.
- Tell them any other talking points against TPA that you find relevant in Sessions’ statement above.
- Please send your senators an editable, prewritten email with reasons that they should vote NO on TPA.
Your Friends at The John Birch Society
P.S. Click here to view this email as an article at JBS.org
June 17th, 2015 by olddog
By Chuck Frank
I think that for the most part people are very much aware today that they are losing numerous basic human and fundamental rights which were birthed just after the American Revolution and these rights were guarantees that were clearly written in stone in a document called the Bill of Rights. Yet today, there is an elite group who are intent on destroying all of those rights without any of our votes being counted or one shot being fired.
And just when you may have thought that there was light at the end of the tunnel, Austria played host last week to the yearly Bilderberg event. Many of these high rollin’ globalist players and climate change propagandists are not mentioned in the VIP list of invites, and once again the annual meeting was held without any invitations being given to journalists or the mainstream media. It is their tradition, which included another New York Times blackout.
For the record; the secretive Bilderberg Group is a rogue and dishonest UN Agenda 21 organization who only has their eyes set on world rule and full dominion from the top down which also includes a
depopulation plan that is in the billions. I kid you not. And what is their secondary mission and their greatest desire? You thought it was love at first sight? It is the “love” of money, which is the root of all evil. Furthermore, Bilderberg isn’t interested in anything that has to do with the common people’s rights. Why else would they be meeting secretly behind closed doors while also using electronic jamming devices to stay below the radar? That is not what democracies or republics are supposed to do. And just how secret is this group?
Years ago if you talked about Bilderberg, the mainstream media which is also an accomplice, would have said that it didn’t exist. But now, Alex Jones, the number one alternative news radio host said the following about Bilderberg’s secrecy while traveling to one of their gatherings in 2012. “We have forced it out in the open thanks to Infowars.com.” So the cat is out of the bag and the
public must now petition their own governments to stop this bullet train which is barreling down the track and ready to destroy everything in its path. It’s a long train runnin’…“Down around the corner-A half a mile from here-You see them old trains runnin’- And you watch them disappear-Without love-Where would you be now-Without love.” Tom Johnston of “The Doobie Brothers” also knows the score.
Last week, the Austrian Interalpen-Hotel Tyrol which headed up the gathering was guarded by an unprecedented security presence of 2,000 police, checkpoints and a 6-mile exclusion zone. For now, the
billionaire shadow elite who is behind the Bilderberg Group remains the epicenter of what can be referred to as a monstrous and sinister globalistic power grab which aims to transform the entire world into a totalitarian regime and a mega-police state(aka) Prison Planet.
Their ultimate goal is one cashless World Government with a single, global marketplace, a secular state policed by one world army, the czars of the agencies, the World Court and financially regulated by
one World Bank.
For more detailed information on this subject, the author Daniel Estulin investigated the cabal for 15 years. His book, “The True Story of the Bilderberg Group,” was published in 2005. And who were just a few of the many invites this year that came to the party? Look no further. It was the premium world bankers along with Martin Taylor, Former Chairman, Syngenta AG; William Burns, President, Carnegie Endowment for International Peace USA; Henry A. Kissinger; Robert B. Zoellick, Chairman Board of International
Advisors; The Goldman Sachs Group;
representatives from Harvard and Stanford;
Robert E. Rubin, Co.Chair, Council on Foreign Relations;
Eric E. Schmidt, Executive Chairman, Google Inc. USA,
and Peter D. Sutherland, UN Special Representative.