Archive for November, 2011
by: Deena Stryker, The South Africa Civil Society Information Service | News Analysis
(Photo: Páll Hilmarsson / Flickr)
An Italian radio program's story about Iceland’s on-going revolution is a stunning example of how little our media tells us about the rest of the world. Americans may remember that at the start of the 2008 financial crisis, Iceland literally went bankrupt. The reasons were mentioned only in passing, and since then, this little-known member of the European Union fell back into oblivion.
As one European country after another fails or risks failing, imperiling the Euro, with repercussions for the entire world, the last thing the powers that be want is for Iceland to become an example. Here's why:
Five years of a pure neo-liberal regime had made Iceland, (population 320 thousand, no army), one of the richest countries in the world. In 2003 all the country’s banks were privatized, and in an effort to attract foreign investors, they offered on-line banking whose minimal costs allowed them to offer relatively high rates of return. The accounts, called IceSave, attracted many English and Dutch small investors. But as investments grew, so did the banks’ foreign debt. In 2003 Iceland’s debt was equal to 200 times its GNP, but in 2007, it was 900 percent. The 2008 world financial crisis was the coup de grace. The three main Icelandic banks, Landbanki, Kapthing and Glitnir, went belly up and were nationalized, while the Kroner lost 85% of its value with respect to the Euro. At the end of the year Iceland declared bankruptcy.
Contrary to what could be expected, the crisis resulted in Icelanders recovering their sovereign rights, through a process of direct participatory democracy that eventually led to a new Constitution. But only after much pain.
Geir Haarde, the Prime Minister of a Social Democratic coalition government, negotiated a two million one hundred thousand dollar loan, to which the Nordic countries added another two and a half million. But the foreign financial community pressured Iceland to impose drastic measures. The FMI and the European Union wanted to take over its debt, claiming this was the only way for the country to pay back Holland and Great Britain, who had promised to reimburse their citizens.
Protests and riots continued, eventually forcing the government to resign. Elections were brought forward to April 2009, resulting in a left-wing coalition which condemned the neoliberal economic system, but immediately gave in to its demands that Iceland pay off a total of three and a half million Euros. This required each Icelandic citizen to pay 100 Euros a month (or about $130) for fifteen years, at 5.5% interest, to pay off a debt incurred by private parties vis a vis other private parties. It was the straw that broke the reindeer’s back.
What happened next was extraordinary. The belief that citizens had to pay for the mistakes of a financial monopoly, that an entire nation must be taxed to pay off private debts was shattered, transforming the relationship between citizens and their political institutions and eventually driving Iceland’s leaders to the side of their constituents. The Head of State, Olafur Ragnar Grimsson, refused to ratify the law that would have made Iceland’s citizens responsible for its bankers’ debts, and accepted calls for a referendum.
Of course the international community only increased the pressure on Iceland. Great Britain and Holland threatened dire reprisals that would isolate the country. As Icelanders went to vote, foreign bankers threatened to block any aid from the IMF. The British government threatened to freeze Icelander savings and checking accounts. As Grimsson said: “We were told that if we refused the international community’s conditions, we would become the Cuba of the North. But if we had accepted, we would have become the Haiti of the North.” (How many times have I written that when Cubans see the dire state of their neighbor, Haiti, they count themselves lucky.)
In the March 2010 referendum, 93% voted against repayment of the debt. The IMF immediately froze its loan. But the revolution (though not televised in the United States), would not be intimidated. With the support of a furious citizenry, the government launched civil and penal investigations into those responsible for the financial crisis. Interpol put out an international arrest warrant for the ex-president of Kaupthing, Sigurdur Einarsson, as the other bankers implicated in the crash fled the country.
But Icelanders didn't stop there: they decided to draft a new constitution that would free the country from the exaggerated power of international finance and virtual money. (The one in use had been written when Iceland gained its independence from Denmark, in 1918, the only difference with the Danish constitution being that the word ‘president’ replaced the word ‘king’.)
To write the new constitution, the people of Iceland elected twenty-five citizens from among 522 adults not belonging to any political party but recommended by at least thirty citizens. This document was not the work of a handful of politicians, but was written on the internet. The constituent’s meetings are streamed on-line, and citizens can send their comments and suggestions, witnessing the document as it takes shape. The constitution that eventually emerges from this participatory democratic process will be submitted to parliament for approval after the next elections.
Some readers will remember that Iceland’s ninth century agrarian collapse was featured in Jared Diamond’s book by the same name. Today, that country is recovering from its financial collapse in ways just the opposite of those generally considered unavoidable, as confirmed yesterday by the new head of the IMF, Christine Lagarde to Fareed Zakaria. The people of Greece have been told that the privatization of their public sector is the only solution. And those of Italy, Spain and Portugal are facing the same threat.
They should look to Iceland. Refusing to bow to foreign interests, that small country stated loud and clear that the people are sovereign.
That’s why it is not in the news anymore.
Marti Oakley (c)sopyright 2011 All Rights Reserved
Many of us have wondered if directed too; would our own military turn on us? It appears that this is the plan and has been all along, yet the question remains……would they actually do it if ordered to?
S.1867, the National Defense Authorization Act bill. Senators Carl Levin (D) MI and John McCain (R) AZ, are bringing this bill to the Senate floor on
S.1867 The end of Liberty
Monday after having holding committee meetings and never holding even one hearing on this bill which authorizes military action against US citizens, right here in theUnited States.
While the bill appears on the surface to be about authorizing defense funding for the illegal wars, the ongoing unwarranted surveillance of the US population and the continuing violations of the 4th Amendment as applied to US citizens, many of the provisions of the bill do not pertain to unidentifiable terrorists or any other villain carefully crafted to terrorize the country. The fact is, as a result of the false flag attacks on 9/11, we have massive numbers of police state “laws” on the books which created “terrorists” or redefined “terrorist activity” to include everything from political dissent and free speech, even including targeting of US citizens for mentioning or referencing the Constitution or supporting third party, non-approved candidates for public office.
When this bill passes with these police state provisions included (I believe it will) you can expect your senator who voted “yes” on the bill to maintain that they only did so because otherwise the funding for the wars would have ceased (we could only hope) and they have to continue to fight the terrorists, terrorism, or what ever lame excuse pops into their heads to explain why they voted to pass what is clearly a police state bill.
The bill itself was drafted in secret and I believe it would be to our benefit to know who actually drafted that bill.
Who were the “stakeholders” who actually wrote the bill introduced by these two traitorous senators. We know they didn’t write it, they never do. All bills are written by stakeholders who blow through the doors of congress carry bags of cash to buy the support of politicians who make their living selling off our rights along with anything else that isn’t nailed down.
If enacted, sections 1031 and 1032 of the NDAA would:
1) Explicitly authorize the federal government to indefinitely imprison without charge or trial American citizens and others picked up inside and outsidetheUnited States;
(2) Mandate military detention of some civilians who would otherwise be outside of military control, including civilians picked up within the United States itself; and
(3) Transfer to the Department of Defense core prosecutorial, investigative, law enforcement, penal, and custodial authority and responsibility now held by the Department of Justice.
The Washington Post of course did its part to make sure it appeared this bill was about “terrorists”, who could be held indefinitely, who could be subject to extraordinary rendition (transferred to countries like Egypt for extensive torture) and glossed over or totally avoided mentioning the fact that the provisions of this bill could be applied, and are actually intended to be applied to US citizens on US soil.
The language of the bill is intentionally very broadly written to allow later interpretations that will be used to redefine yet again, our rights, our protections, striking each one down under the false flag use of “the war of terror”.
In the last several years we have seen the militarization of our local law enforcement under the direction of Homeland Security. We now have majorUScities armed with military tanks, drones, and outfitted like star wars storm troopers; all for use against US citizens in their own communities. Local law enforcement has been remade into extended military units to enable them to become a working military unit in tandem with military control. These law enforcement units have ceased operating as “protect and serve” civil service operations and instead have become direct threats to the communities which are forced to endure them. The escalating violence against the citizens, the abrogation of rights, the violation of standing laws and the protection provided to these units by the courts should have us all demanding an end to Homeland Security interference in local law enforcement activities and reverting law enforcement back to one of community protection and service.
We have seen the creation of the White House Rural Council along with other newly created agencies that all include the military as part of their structure. This is no accident. There is no possible reason that the military would be included in any Council making preparations to unlawfully enter into the states, unless military action against the citizenry was anticipated.
S.1867 is a catch all bill. Its intention is to make legal (not lawful) the crime of unlawful detention without due process. By extension, the bill would condone the practice of extraordinary rendition for the purpose of torture of US citizens who could be kidnapped from our streets without being charged with a crime, having access to the courts for redress (the bill condones the military holding tribunals outside of the US court system at its discretion) and holding US citizens indefinitely without charging them with any crime.
This bill is one of the final steps necessary in striking down any remaining Constitutional protections or rights, all under the phony war of terror being perpetrated by our own government against its own citizens. This is not a right or left, Democrat or Republican plan……they are all in it together. They will all vote for it together knowing full well that it is an assault on the people of theUS.
In my opinion, it is an open declaration of war against the people by our own government.
This brings us back to the initial question:
If ordered to do so, would our own military turn on us?
It appears they would.
My Dearest Son,
As you well know, you are the center of my universe, and there is nothing I am more proud of than you. You are everything I always wanted to be, and nothing is missing in your nature or capabilities. I will always love you more than my life, but there remains one thing I require from you, and that is your absolute commitment to sacrifice your life for the preservation of freedom from any tyrannical government.
It is my horrible duty to inform you that our congress is considering a bill that will enable the military to detain U.S. Citizens indefinitely for any reason they deem necessary. As I have informed you before, our own government has turned on the United States with intentions of installing a new world order that does not include the freedoms we hold dear in this Nation. If this Police State bill passes, (and I believe it will) you will be in a compromised position that I could have never imagined when I served in the military, and it may become necessary for you to disobey an order that may cost you your life.
I implore you to educate your fellow soldiers to be loyal unto death to the Constitution for the United States, and for freedom every-where. Our leaders have become traitors, and do not deserve the honor of their office in Government, and should they ever require you to detain without due-cause any American regardless of their color, or worse yet to kill an American, you have my orders to blow their fucking brains out. I would sooner go to hell than have you die, but more than our lives are at stake here, and if ever there was a justified reason to die for your country, this is it.
Your adoring Father,
James OldDog Harvey
A VOTE for Ron Paul – Yes, with one change in his platform..
Resent-Date: Sat, 22 Sep 2007 11:51:14 -0700 (PDT)
A VOTE for Ron Paul Yes, with one change in his platform..
Well, I am sure you have heard that expression, "He who controls the Gold make the rules." Well, if they pull it off, it will be the last "Key" to opening the door for the one-world-governance being that the ones who own all of the gold is the cabal and if done the last and greatest play for conveyance of wealth into their hands will have been accomplished. Gold will move to $1200 to $3000 per oz and the Cabal will own most of it.
The US Government pledged, all of the gold it owned to the Federal Reserve in 1963 then at $42 per oz as can be seen and verified in the note section, note 2 and 14 of the1999 Federal Combined Financial Statement. If the dollar went on the gold standard we would have to buy the gold from the Cabal. Get it? I hope so.
When this push comes to shove play goes into effect, here is the silver bullet as they call it to cancel out the Cabal's final step for world wealth conversion into their hands;
Let the dollar be backed by a commodity index which includes; grains, metals produce; domestic stock; energy; etc. Here it will not be the golden rule but the stored and annual productivity value of the countries commodity production.
Doing this will really put a hiccup (to say the least) in the Cabal's plan for final conversion through their hoarding of gold since 1963. (The Cabal won't get killed, they just won't make a killing) It will also be a just economic environment world wide being that each country's currency will now maintain or grow in its value based on that country's own productivity in physical resources not "exclusively" on who owns the gold.
I cannot emphasize enough the importance of what is said in the paragraph above. It is the difference between primary failure of the Cabal's last step and significant success accomplished for the people.
A commodity INDEX backed currency and NOT a gold backed currency.
Keep in mind, the central banks with the Cabal players now are the "owners" of 85% of the gold, the general populace has very little. The Cabal's plan since 1963 has been to facilitate absolute corporate controlled management of the people as conversion of the people's wealth in final result ended up in their hands.
Since September 11th 2001, the process, in all respects (emphasis added) for conversion of that wealth has speeded up ten times fold. Do not let them turn the final and last key as they have planned.
A few Generals need to come forward from the general population to make what happens, happen for the "benefit" of We The People, and not the Cabal or there will no longer be We The People, but We the Slaves. Break that masterfully applied entertainment conditioning forced on you since birth and join the war, our war to protect our families, friends, and neighbors from the clear intent of the Cabal.
I support Dr. Ron Paul for President of the United States at this time on most points but not at all on his statements per the dollar backed by gold. Intentionally or unintentionally on his part, if he was elected president and was to implement a just gold backed US dollar, he would be finalizing turning the last key for the Cabal to accomplish their final conversion. If, at this time Dr. Paul changed his statements to a dollar backed by a "commodity index" that included gold and all other commodities (Where the true wealth of the US rests), then I would back this "General" platform 101% otherwise I could not.
Walter Burien WJB@cafr1.com
For those that have an interest, the following is the GAO (Government Accounting Office) 2010 audit of the IRS. The collection agency assigned by Congress to collect federal tax:
The US Government started auditing the "Private" Collection agency of the IRS in 1992.
Federal Government Agencies were audited from their inception. The audit of the "Private" IRS began long after it was contracted out as a collection agency contracted by Congress.
The IRS puts out two sets of Annual Financial Reports. One for their collection obligations under contract with the US Congress (The Audit noted above) and their internal AFR showing their corporate structure and corporate identity (that one they keep under lock and key)
You will note that every guideline that the IRS is supposed to follow is: "Recommended" or "Suggested" for voluntary compliance by the IRS establishing its status as a NGO (Non Government Organization).
For actual Federal Government agencies the US Government "tells; instructs; requires; or mandates" what to do by US Code.
For additional reference here is the 1999 GAO audit of the IRS:
So, if you have a problem with the IRS, don't fight the IRS, go after the "first line responsible party" the one who employes that private collection agency of the IRS under contract, the US Congress. If you do so, don't forget to motion for discovery to be provided in your case with the IRS's "Corporate" Annual Financial Report, you know, that one they keep under lock and key.
One of the first rules of a civil action is "clear" and truthful disclosure of who the apposing party to that civil action is. False, or attempts for false representation on that point would in true light invalidate on its face any civil action by established law.
Conjointly, federal or local courts in light of the above would have a tad bit of a conflict of interest out of financial self-interest enforcing collection activities of a private collection agency in which in part they were the beneficiary. (The Fox taking out a civil court action against the rancher to eat a certain percentage of the rancher's chickens, with the case being decided by the Fox's family back in the Fox den)
Sent FYI from,
Walter Burien – CAFR1
Posted by: The Publisher on: November 19 2011
The decision makers in the Teaching of Reading debacle are taking a final wrong path and from this new error there will be no return. After more than six decades of untested fads, illogical theories, and futile practices, the public education show has begun its final act. “The End” will be devastation.
Einstein once predicted that the weapons of the future would be “sticks and stones.” I suggest that the educational tools of the future will be…soft clay and stiff reeds. You see, the educational-powers-that-be have now decided that schools must stop teaching cursive penmanship, which will ultimately result in a return to primitive, preliterate skills.
Consider this…We speak in cursive. Our mouths, teeth, tongue, and lips control and coordinate breath and voice so that we not only articulate sounds but blend them, one into the other; so that we blend words, one into the other. In both external and internal language; in both expressive and receptive language; we do not separate sounds and spellings to create choppy thought processes. We say “stop” not “s/t/o/p.” We say “Seethebrowndog” rather than “See/the/brown/dog.” Cursive handwriting mimics and reinforces the natural language flow of brain processing whereas the act of printing causes the brain to stop, start, and fragment the understanding and full use of language.
From my observations and experiences during 40 years of teaching children and adults with language and literacy delays, I strongly believe that cursive handwriting not only supports the acquisition of literacy, but actually teaches and reinforces basic reading skills! As a child does cursive writing, the rhythmic and purposeful movements of the hand and pencil echo and reinforce the child’s thoughts and speech, matching and practicing those two basic and automatically acquired skills. Children master language without effort. With cursive writing, learners can see and feel the reading process pouring forth from their hands in reverse. Why would such a tool not help to make up for missing and/or ineffective classroom instruction and curriculum?
Instead of putting an end to the teaching of cursive, schools would be very wise to introduce and begin cursive instruction earlier – in First Grade – using a curriculum such as Cursive First. (More informationhere .) Every child would be the better for it; would be further along towards a literate and productive future. Print instruction can easily be delayed until literacy skills are solidified and until there is even a need for neat print…like in high school drafting classes.
As usual in the bass-ackwards world of education, teachers, administrators, and decision makers neither notice not understand the problems and consequences of forcing children – who naturally listen and speak in cursive – to shatter the natural linkages of language by stop & start printing of separated and fractured phonemes. Frankly, it is a wonder that any children learn to read and write while being given damaging instruction using counter-intuitive methods.
But therein lies the root of the failure of America’s educational systems…the Decision Makers never seem to wonder. They never wonder if Weirdo-Fad A will actually improve student learning and retention. They never wonder if Strange-Activity B will do more harm than good. They never wonder why American prisons are full of 3rd grade level readers. (Hint: The Look-Say Method lifts learners to that level. The deaf, who lack the ability to hear, store, retrieve, and use any phonetic information, too often graduate high school with Third Grade reading levels.)
Most importantly, the Educated Idiot Decision Makers never wonder if they should first try Counter-Productive-Fad Z on a test population before inflicting it on every child in the nationwide schooling system. How maddening that these so-called-experts never even wonder if the failure of the schools; the diminishing of potential in tens of millions of individuals; and the ultimate destruction of America should be blamed on them. (Note: It should.)
Not only do these so-called experts fail to wonder, they, themselves are apparently not fully and competently literate. I doubt that they even understand that “being literate” involves more than earning a fluctuating-pass score on some non-standardized test like the Michigan MEAP. When I was in school (in Michigan, 1953-1966), literacy was taught during classes and lessons in: Reading. Spelling. Writing. Penmanship. Grammar. Vocabulary development. Literature. Diagramming. Rhetoric. Oration. Debate. Foreign language. Linguistics. Comparisons vs. contrasts. Biased and slanted journalism. Critical analysis, and more. Much more.
Logical and literate individuals should be incapable of making the utterly inexcusable decisions that these so-called-experts make regarding educational methods. I conclude that those “experts” either act with Stupidity or with Evil Intent. Look at their record and decide. They insisted that schools throw out phonics. They dismissed the importance of neat handwriting. They put a stop to the precise teaching of grammar. They negated the value of spelling lessons, claiming that there are “hundreds of spelling rules and an exception to break every one of them.” (Aside: There are only 29 spelling rules and almost anything that appears to be an exception is really a word of foreign origin. Try as America might, it has no power to force foreign languages to fit English spelling and grammar rules.) These stupid…or evil…decision makers have pushed the children of America over one New Math cliff after another New-New Math cliff. These educated fools are so lacking in wonder and so devoid of intelligence, ethics, and conscience that the only recommendation they can now make is to…”not teach“! Teachers are now ordered to push the use of computers, spell checkers, calculators, writing groups, peer editing, peer tutoring, student-discovery of algorithms, and worse. Now, the Educated Idiot Decision Makers summarily dismiss cursive instruction.
With the end of cursive classes, the die will be cast and the loss of potential immeasurable. Our future citizens will not even be able to have a signature! They will not be able to “Sign here” and will instead need to print their names or resort to the pre-literate “Make your mark here____.” However, future signatures will be the least of our worries. Literacy rates are low now, but they are simply a warning of the near-total illiteracy that the end of cursive instruction will finalize. As the popular phrase goes, we have not seen anything yet.
The only hope of preventing the final act in the Progressives’ War on American Schools is to take back our local schools. We must demand that local schools reinstate the teaching of cursive instruction. We must insist that the children of America be assigned very competent teachers who not only use and teach accurate cursive for every aspect of instruction, but who also expect neatness and precision from the students, for all written work, on paper and on boards, black or otherwise. If we fail to rise up to fight and win this battle, it may be our last chance. God forbid.
November 18, 2011
Submitted to the Federal Observer for publication by the author. Originally posted at LewRockwell.com.
~ About the Author ~
By Dave Hodges
“The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in past centuries.”
David Rockefeller, Memoirs
The End of America
It is no secret that Goldman Sachs runs Wall Street. Even Ray Charles could see that that Goldman Sachs runs our government as evidenced by the former Goldman Sachs gangsters who have run our economy into the ground (e.g., Clinton’s Secretary of Treasury Goldman Sachs’ Rubin, Bush’s Secretary of Treasury Goldman Sachs’ “too big to fail” Paulson, etc.).
Goldman Sachs dominates the Federal Reserve. Goldman Sachs dominates the World Bank. Goldman Sachs dominates the IMF. And now Goldman Sachs is running the European financial system into the ground as another Goldman Sachs boy, “Super” Mario Monti, has taken over Italy to finish off what is left of the Italian financial system. Monti is also the head of the European Trilateral Commission as well as a Bilderberger. And yet another Goldman Sachs boy is finishing off the job in Greece.
Today’s events parallel the imperialists of the early 20thcentury which resulted in World War I. The Wall Street led depression of the 1930’s led to the rise of political extremism and ultimately to World War II. Today, Goldman Sachs and their fellow Wall Street cronies are currently running, or dare I say ruining the global economy and the consequences are going to result in the culmination of World War III from which these same gangster bankster’s will profit from the buildup, the death and destruction of hundreds of millions, if not billions, of innocent people as well as the lucrative clean up which follows every war. However, the ultimate prize for the coming war will be the ruination of the planet in order that it can reconstructed in a true fascist model that Hitler and Mussolini could only dream about. Remember, as the globalists like to say in reference to their favorite Hegelian Dialectic quote, “Out of chaos comes order.” Mind you, it won’t be Goldman Sachs money that pays for the destruction of humanity in the coming war. This war’s blood money will be your money and my money. Mind you, it won’t be Goldman Sachs children who are pressed into military service and will be sacrificed in the coming conflict. It will be your children and my children who will be sacrificed in the name of furthering the bottom line of the Goldman Sachs Mafia and the rest of the Wall Street gangsters. Meanwhile, the Goldman Sachs children will be safely tucked away attending private schools on your nickel and on the blood of your children as the devastation begins to unfold.
When that Wall Street sock puppet, Barack Hussein Obama, gave Israel permission to attack Iran, the dominoes leading to the next world war have begun to topple as Russia will surely come to the aid of its trading partner, Iran. Germany, except for Merkel, is taking a stand against this international banking cartel’s planned economic destruction of Europe, courtesy of Wall Street’s derivative debt. A growing number of experts feel that Germany may leave the EU and will join forces with Russia as evidenced by the recent series of trade and manufacturing agreements between the two countries. This could mark the breakup of NATO and leave American and British forces on their own, to fight the coming war. This is exactly these banksters desire, which is the destruction of America and her military might. America will prove to be the last man standing on this corrupt march toward a bankster dominated New World Order and we Americans must be taken down, and taken down with a vengeance, in order to achieve this end.
This swath of international destruction being promulgated by Goldman Sachs is also being visited upon the daily lives of the American public here at home. Courtesy of the Goldman Sachs gangsters, there are no more safe financial havens for American citizens. Your bank account, your pension fund, your investment accounts and your home mortgages are no longer safe. These collective funds are not at risk because of the risk of falling victim to the failing economy as much as these funds are subject to confiscation by Goldman Sachs and its shell corporations along with the complicit support of the federal government. A clear case in point lies in the recent happenings in MF Global.
MF Global, a shell corporation beholding to Goldman Sachs, was led to the slaughter by the former Goldman Sachs executive and former New Jersey Governor and senator, John Corzine. Corzine’s criminal actions have directly victimized 150,000 Americans by stealing an estimated $900 million dollars of his clients’ money from their supposedly secure private account. There is also another $600 million missing dollars from MF Global. Meanwhile, Corzine avoids sharing a prison cell with Bernie Madoff by purchasing a “get-out-of-jail card” through the sponsorship of a $35,000 per plate fundraiser for that great Wall Street puppet, Barack Hussein Obama. And what are the government watch dogs doing to protect our money from this new generation of robber barons? The short answer is that the feds are partners with Goldman Sachs in this monumental violation of the public trust. Take Gary Gensler, a former Goldman Sachs executive partner, who like so many other Goldman Sachs gangsters, have been placed into key governmental oversight positions in order to protect the Goldman Sachs co-conspirators, from prosecution, as they continue their reign of terror upon the global economy. Gary “the gangster” Gensler is the former Undersecretary of the Treasury (1999-2001) and Assistant Secretary of the Treasury (1997-1999) and the current director of the Commodity Futures Trading Commission. In his present position, Gensler has the authority to go after Corzine for his role in the MF Global debacle and order restitution. However, Gensler has decided to protect a fellow member of the Goldman Sachs Mafia by not looking into the massive fraud and theft by Corzine and his cronies. Your tax dollars, paying the salary of federal officials who are overseeing the most massive illegal private transfer of wealth, in the history of the planet, payable to Goldman Sachs and their criminal enterprise partners on Wall Street.
You may not be one of the current 150,000 Goldman Sachs/MF Global victims. However, this Robin Hood-in-reverse-scenario, in which the rich are plundering what’s left of the middle class, will soon be visited upon your bank and your pensions. These criminal banksters are in the process of stealing it all and what are you going to do about it?
While you and the rest of America are trying to collectively remove your deer in the headlight glaze while considering your next financial move, please consider that the greed and avarice of the Wall Street boys are increasingly in evidence as they are making people work on this coming Thanksgiving in their corporate stores. You would think that there would be two days, Thanksgiving and Christmas, in which the Wall Street gangsters would leave us alone. But no, the Wall Street addiction to greed, is a 24/7/365 affliction. To all employees in the chain stores: Call in sick on these two holidays and go be with your families.
If you are still trying to figure out your next move in an effort to take some measure of power back from these gangsters, please allow me to jump start your decision making by encouraging you to not buy anything on “Black Friday.” You say you will miss out on all the deals? Well, if you must shop on that day, don’t buy anything from the chain stores. Americans need to financially break the back of the Wall Street owned chain stores because as long as we support the chains, like the Chinese slave labor supported Walmart chain, we are going to be the ones who end up in chains! How about celebrating this Christmas in the spirit of honoring Jesus Christ? How about giving gifts from the heart? How about donating a portion of your Christmas money to the homeless and the hungry who have been victims of these criminal enterprise activities?
Before the corporate whores on Wall Street commercialized and stole the spirit of Christmas, this holiday used to be about helping the poor, going to church and spending time with loved ones. How about taking back Christmas and not buying one corporate made gift? The Wall Street boys are already stealing our tax money which is supposed to be going for things like roads, defense and education. As if Goldman Sachs hasn’t stolen enough, they are showing you and me that even our investment accounts are not beyond the reach of their thieving hands. How about this Christmas season you keep what little money the corporate bought and paid for, self-admitted insider trader political prostitutes (e.g., Nancy Pelosi) in Washington’s District of Criminals haven’t stolen from you and stay out of the corporate stores? How about letting this Christmas be the one in which you teach your children the value of being of service to humanity as opposed to helping to further the coffers of those who are plundering the spirit of humanity? And while you are it, take your money out of JP Morgan Chase, Bank of America, Wells Fargo, etc. Buy Gold, real gold coins. This Christmas, buy things of value that you will need and then begin to trade and barter for goods and services with other members of your community outside the reach of Wall Street, the Federal Reserve and the IRS. In this manner, you keep your money out of the clutches of these gangsters.
Some, who have heard my anger, have asked me if I favor a violent overthrow the United States Government. To that question, I answer in the negative. However, show me a way to be involved in the overthrow of the gangsters who have hijacked my country’s government, I will be the first in line.
I want to announce that I have a special Christmas present for the boys at Goldman Sachs during this holiday season. Before Christmas, I will reveal how the Goldman Sachs’ boys consisting of Peter D. Sutherland and Lord “Subprime” Blankenfein, orchestrated and profited from Gulf oil spill while spreading financial devastation, ecological destruction as well as a soft kill genocide to the 40 million people residing in the Gulf. I will also be revealing how Sutherland and Blankenfein took a page from the Corzine $35,000 “get-out-of-jail card” per plate presidential fundraiser when they made it possible for Obama’s Vanguard investment fund to net President Obama $85 million dollars in order to look the other way with regard to their criminal actions involving the BP, Goldman Sachs, Halliburton and Transocean’s complicity in the Gulf oil spill in a clear case of insider trading in order to cover this criminal conspiracy which resulted in the deaths of 11 oil rig workers.
The Great Gulf Coast Holocaust: The Goldman Sachs Masterminds (Part 6), appearing on a web site near you in December of 2011.
Dave Hodges is the host of The Common Sense Show with Dave Hodges along with Annie Deriso. The Common Sense Show is playing on your local radio station or live on the web at (www.republicbroadcasting.org and click the “listen live” button) every Sunday evening from 9-11pm Central.
“It is the American vice, the democratic disease which expresses its tyranny by reducing everything unique to the level of the herd.” – Henry Miller
Respect for legally constituted and honorable authority is good and proper for any society to exist in peace. Resistance to authority which abuses or exceeds its authorized powers is a virtue, patriotic and a wise course of action for free men of intellect and courage, if they have any hope of preserving and maintaining their freedom. When authority begins to exceed and abuse its powers, as all authority is destined to do, a culture of resistance in the people must be established to set the authority back on the track from which it was empowered. To do otherwise is to allow the authority to grow in power until it holds absolute power.
Good Lord people, have we grown so timid and weak in mind and spirit, that we would allow the government elite and their bureaucratic minions to run us about willy-nilly, as a rancher would herd his cattle? Are we so naive to think that government, any government, is benevolent and benign and we have nothing to fear from their everyday actions to control us, or protect us from ourselves? Have we buried our intellect so that we cannot see that government power grows exponentially if not held in check by strong laws and the people? Are we so blind that we would allow government to grow in power to the point at which government had all the rights and the people had none? If you cannot see that is where we are headed as a nation and as a people, then you are not only blind to history, but blind to reality itself.
From not adequately protecting our borders; to out-of-control illegal immigration; to nationalizing health care; to radical, internationally-driven environmental insanity taking priority over constitutional protections; to social justice that is just socialism by another name; to enforced charity that rewards failure through the abomination that is the American tax code; to an energy policy only our most feared enemy could have divined; to the loss of individual and property rights; to a legal system and courts that have corrupted their primary purpose; to a public and college education system that brainwashes and indoctrinates our children; to a foreign policy that reeks of appeasement; to entrenchment and protectionism in groups like large corporations, attorneys and unions; to waste, fraud, abuse and corruption in our government and private institutions; to the profligate spending that has sent us careening towards financial suicide; to the loss of honor and morality in our representatives and in our people; America is disintegrating before our very eyes, while we stand by and gripe, or bury our heads in the sand. The grand experiment of freedom, created by flawed, but wise men some 235 years ago at great sacrifice, is now succumbing to man’s inherent flaws, weaknesses and his herd instinct.
But free men are not cattle and they should resist with every fiber of their body against any attempts by any person, group or government, to be herded or treated like cattle. They should vigorously challenge the bully with commitment and determination, whether the bully is an individual, a group, or a government. If we do not mount a challenge in a culture of resistance against an abusive bully, the bully wins.
The question is, are we truly free men any more, when for the last 100 years government has been doing everything in its power to take freedom out of the individual and turn him into a mindless, obedient, compliant robot. Our education system is designed to do just that. Entrapment by millions of laws and then aggressive enforcement of those laws does just that. Our entertainment through all mediums, or what passes for entertainment, does just that. Our biased news sources do just that.
Thus, we have a system where collectivism is right and individualism and individual rights are wrong; where blind obedience to authority is right and resistance of any kind is wrong; where compliance and un-swerving loyalty to authority is right and criticism of authority is wrong; and finally where political correctness is right and truth is wrong. We have evolved into a system that values propaganda, lies, distortions and party line and relegates intellect, intelligence, objectivity, free thought, free choice and free actions to obscurity, or against the law.
Until we understand that life is a fight, a fight to stay alive and a fight to keep others from taking our life and our freedom from us, whether those “others” are foreign or domestic, our survival as individuals and as a free nation is in grave peril.
“The Parallax Prophecies” predicts that it will be only free men and women, who refuse to be herded like cattle, that will save our Republic from its impending demise, but the cost will be high. Who among you are truly committed to pay the price? When will you enter the fight and become the aggressor instead of the sheep or cattle? When will YOU confront the BULLY?
To get started, that is if you have the courage, begin by reading the written works of patriot giants like Tom DeWeese, Devvy Kidd, Michael Coffman and Henry Lamb, Michael Shaw, Alan Caruba, Beverly Eakmanand more. Study what they have written. Analyze their arguments and start cementing your beliefs about the sanctity of individual rights and life, liberty and the pursuit of happiness in the land of the free, under a Constitutional Republic. Perhaps then you will be ready to defend those treasured freedoms with your life, your fortune and your sacred honor, as did our Founding Fathers at the dawn of American liberty.
Knowledge is Power ladies and gentlemen! For those who do not consider themselves cattle to be pushed around by anyone, you can find the tools to take on the recalcitrant, arrogant and un-apologetic “cattle” herders HERE .
© Copyright Sunday, November 13, 2011 – All Rights Reserved
For Those Who Have Ears to Hear
By Gordon Duff, Senior Editor
I won’t write about Nigeria as a journalist. I am known in Nigeria as a national security specialist with decades of experience there.
I have close personal friends at the highest levels of government and only write these few words out of deep concern.
For those reading the news about Africa, both of you, Nigeria is under terrorist attack and preparing military operations against a group called Boko Harum, an Islamic group from the North, more accurately centered in Niger, a nation to the north, a cesspool of international intrigue.
H. G. Wells described it best in his science fiction novel, War of the Worlds.
“No one would have believed in the last years of the nineteenth century that this world was being watched keenly and closely by intelligences greater than man’s and yet as mortal as his own; that as men busied themselves about their various concerns they were scrutinised and studied, perhaps almost as narrowly as a man with a microscope might scrutinise the transient creatures that swarm and multiply in a drop of water. With infinite complacency men went to and fro over this globe about their little affairs, serene in their assurance of their empire over matter…
It is curious to recall some of the mental habits of those departed days…Yet across the gulf of space, minds that are to our minds as ours are to those of the beasts that perish, intellects vast and cool and unsympathetic, regarded this earth with envious eyes, and slowly and surely drew their plans against us. And early in the twentieth century came the great disillusionment.”
Thus, fiction again becomes reality, not an enemy from space but one of terrestrial origin, unnamed but recognized by all who see the lands laid waste.
In Nigeria, Terrorism is the Rough Version
This organization, call it “globalist” if you want, began orchestrating war in Yemen a bit ago after failing to set war against Iran into motion through incidents in Bahrain and the Persian Gulf.
What we are seeing now in Nigeria is part of the same strategy, one that has included attacks on a physical scale, currency manipulation and now a staged move against Africa, which will be combined with attempts to exploit the vulnerabilities of the Arab Spring.
Key Nigerians ripe for bribery are making this possible. They are aware they are bringing about the destruction of their own nation, they simply don’t care. The attitude there is “every man for himself.” Another way of describing those currently in power, including and especially officials in counter-terrorism and security is “rats abandoning a sinking ship.”
In all fairness, the U.S. has a similar elitist clique of politicians, special interest multi-nationals, some of whom have their own intelligence resources that rival most countries.
The terror group, Boko Harum, is real but in its current formation, it is a proxy of outside powers who plan to Balkanize Nigeria, simply another domino to fall as have so many others.
These Folks are Looking Forward to a Lifetime Career of Fighting
As with any group seeking redress, Boko Harum has been hijacked and is now being directed from within, from without as is the Nigerian government that will be fighting it.
What is playing out, though all are ready to “go through the motions” otherwise, is far more about drugs than anything else.
Drugs are perfection. If you produce narcotics, you control the land, if you transit narcotics, you control the authorities, if you sell narcotics, you control the courts, the police and, of course, the government itself.
Arms and oil count, money is still worth counterfeiting, oil worth stealing but all this is so “yesterday.”
The real world struggle today is narco-driven, fought from the Kyber Pass to the Mexico-Arizona border and all lands in between. Nigerians who think “tribal” or “ethnic” will die “regional” and “global,” perhaps by the millions.
This is all little but theatre. The US bought a ticket to a play staged in Afghanistan and has found themselves unable to find the exit. This one will be quieter as this is Africa, it will be black people killing black people. Few will notice, fewer will care.
Image if Mexico Were Made a Country with the U.S. and Canada – Would it be Realistic to Call it a County?
Nigeria is a tinderbox beyond imagination. Decades old hatreds and fears are closer to the surface here than even in the Balkans. This is a very dangerous game some have chosen to begin.
Nigeria, is, in itself, a construct that never should have existed. The North is Muslim, the South is Christian, each side having nearly 100 million people and neither half is united in any way.
Nigeria is a ripe plum for those who recognize such things and recognizing such things is how predators have come to dominate world affairs.
The history after colonial occupation is one of military dictatorship and corruption at levels unimaginable.
Nigeria is Africa, the most populace country, the most oil and gas wealth, the greatest economic potential, the biggest potential market. Thus, Nigeria is a target.
A note from a friend in the region choosing to weigh in with information generally not for public consumption:
“We can take down French AQIM without any problem to be honest but Boko Haram are tribes and clans, they are offered drugs, money etc… far far from Islam but at the origin it was an Islamic party infiltrated by the English, French and financed by the “narcos” linked to the CIA, DEA etc…
… who are landing their planes full of drugs in Niger, Mali, Mauritania, north of Nigeria, Chad in the desert… around 4 billions a year transit in this region…
…then up through Morocco, Polisario, Spain and then Europe and through Tunisia, Libya-Algeria border through Italy, or Greece depending which recipient networks… Ben Ali , king of Morocco, Polisario Front, Algerian zionists are deeply involved in this dirty business, same for migrants, exactly the same people… Boko Haram in charge of Nigeria up to Libya and south of Tunisia, with Touaregs…”
Saif Gaddafi – Reports Are He is in Niger With Money and Terrorist Groups
For those unaware, and those who wonder why Saif Gaddafi is where he is, those who choose to be fed the superficial view of a region maps show as only empty desert, I hope this is found to be “enriching.”
For others, it is exposure I hope they find disturbing.
Those in power know I laid out their fate. I told them when the bombings would start, what type, I was even right about the first target, exactly right. I figured what I would do and it happened.
I figured what I would do if I were the head of a foreign intelligence agency planning to take over security operations for the government by making the new president appear vulnerable, powerless and then exploiting divisions in the country in order to start two decades of extremely profitable war.
Nigeria's Friends – Congregating to Help?
In the process, side can be played against side, crooked politicians can keep the decision making apparatus paralyzed and the country can be turned into a terrorist battleground, leading to the long awaited civil war while being bled dry.
I laid the whole thing out.
Two foreign governments are involved, I named them.
I told my friends that Abuja would soon look like Islamabad, cameras, check points, troops, that was the first part of the destabilization plan. This is being done as we speak.
Real nation building is not in the cards, only rape and destruction, debt and more debt.
I saw it done, more carefully, to the United States. It isn’t the same crew, not entirely, but many of the same actors are involved.
First they began by blocking the new president from assuming real power, buying off key political and military leaders.
Then a phony terror campaign was begun, like the one the US saw with 9/11. Then “they” arrived with solutions.
At the same time, “they,” who have been working with the terror groups for years, are building an “Al Qaeda” type organization that will be able to dart across borders and carefully orchestrate a pattern of destabilization using the same contractors that are going to be paid millions to help put in place security apparatus to protect the country.
This happened in America, in a way at least. It is a plan long in motion.
Who is Going to Invest Here? – Other than Arms Dealers and Oil People?
Nigerians are ripe for civil war, angry, divided, fed up with abuse.
One minor offshoot of the decision making and policy formulation we are seeing is the utter and total destruction of Nigeria’s economic and commercial viability.
It is being erased from the maps of boardrooms across the world as a potential place of business, of development, of wealth creation, from Beijing to Zurich and places beyond.
Christian Nigeria is being set up, not just to fight a “terror group” in the North but to take on all of Islamic Africa, to draw them into a war that will bring more players, America, for one, into another endless cesspool.
Yemen was the model. Simple tribal misunderstandings became tribal conflict and then, through careful orchestration, bushels of bribe money and false flag terrorism, which Nigeria has already been dosed with, Yemen became the stronghold of an imaginary Al Qaeda cell.
Soon Nigeria will enjoy the sight of armed UAVs, piloted from, just perhaps, Tel Aviv, theoretically there to punish terrorists. Pakistan will explain it to you if you care to listen.
UAV attacks are how terrorists are recruited, how wars are instigated and how the disjointed and unsettled are turned into an enemy camp. The presentations have been made and the purchase orders await only the promised “backhanders” or as we call it here, “kickbacks” to be executed.
Drone Attacks – Guaranteed to Produce More Enemies Than They Kill – Or Money Back Guaranteed
Nigeria, I love the damned country, my friends there which include those who theoretically rule the country, if such a thing were possible. It is not.
What I did do is lay out a plan for the first hundred days that would have prevented this.
In order to accomplish this, one would have to overcome a corrupt government, meaning that one would have to assume near dictatorial powers and turn to the people, all the people, for support.
One would have to deliver on promises of electrical power, police reform, refinancing debt, so many things.
There were two choices, one was to build a nation and the other was to react and become the victim of a plot long stewing in two capitols far away.
The desire for a civil war, something so many want in Nigeria, have waited for, has allowed them, the government, the people, to become what they fear most, slaves in their own nation.
Nigeria isn’t Libya. It has a population 15 times that of Libya.
Nigeria is Africa. Saving Nigeria was vital to world stability, something only a select few know.
Destroying Nigeria was vital to world entropy, something only a select few know also. Even fewer know that Nigerian security is considered an area of “clear and present danger” to the United States, or to term it differently for others, an area of “vital national interest.”
Nigeria is America's Key Link to Africa
Our armies enjoy joint exercises yearly, Nigeria is the lynchpin of America’s African policy for the next 25 years. The destabilzation of Nigeria is part and parcel to the destabilization of America’s position in the world, one more thing making Nigeria attractive.
America has spent decades making enemies and Nigeria is a way of helping bury America as is Afghanistan. Who would wish such a thing?
Get a map and figure it out.
As we speak, planeloads of bomb detection equipment is coming in from the same people who built the car bombs in the first place.
War is being planned with the help of those who organized and armed the enemy.
Enough people were there who remember it all being laid out, how it would be done.
Predicting this didn’t take genius, not hardly. I had seen it all before, so many times.
The plots spoken of as against Libya are very real but Egypt and Nigeria are the primary targets, taking the place of Iran, a nation that has been more resourceful than expected.
Were it taught, which it is not, we would call it history.
By Dr. Edwin Vieira, Jr., Ph.D., J.D.
[The complete text of an address presented in part to the Committee for Monetary Research and Education, Fall Meeting, 20 October 2011, at the Union League Club, New York City]
We all are familiar with Robert Frost’s poem, “The Road Not Taken”:
“Two roads diverged in a yellow wood…” it begins. And it ends with the bittersweet and equivocal observation,
I shall be telling this with a sigh
The peregrinations of individual men and of whole nations are not dissimilar.
On every occasion of political and economic crisis but one in her history, America has come to the point where “two monetary roads diverged in a yellow wood”—and has taken the wrong road.
That unique occasion was the ratification of the Constitution in 1788. For—
• The Constitution adopted a scientific monetary unit—the “dollar”, a coin containing 371.25 grains of pure silver; and a companion coinage, denominated “eagles”, containing gold valued at the free-market exchange rate with silver.
• The Constitution withheld from the General Government the power to “emit bills”—which was the term of art at that time for paper currency. Any kind of “bills”, whether redeemable or irredeemable in precious metals; or whether or not designated “legal tender”.
• The Constitution prohibited the States from “emit[ing] Bills”. Again, any and every kind of “Bills”. And,
• The Constitution prohibited the States from “mak[ing] any Thing but gold and silver Coin a Tender in Payment of Debts”—thereby reserving to the States the power to “make gold and silver Coin a Tender in Payment of Debts”.
This was (and remains) a system legally just, politically astute, economically sound, and socially responsible, because it tends especially to benefit the common man, who typically holds much of his real wealth in money or the simplest claims payable in money (such as bank deposits).
Yet every other time since 1788, America has stumbled down the wrong monetary road. Not, however, “the road less traveled by”—for that would have been the road laid out according to constitutional principles—but instead “the road most traveled by”, the road that essentially every modern nation has taken. The road which has “diverged” from monetary units actually composed of silver and gold, honestly weighed. The road which has settled instead upon monetary units consisting of debt and administered through fraud: The first false step, to redeemable paper currency; then to redeemable paper currency declared to be legal tender; then to irredeemable paper currency declared to be legal tender; and even, as from 1933 to 1974, to the prohibition of the private ownership of gold altogether. And to make matters worse, now the central bank and the government treasury responsible for emitting the latest of these “bills of credit”—which have turned out to be “bills of discredit”, because of the Ponzi nature of their emission—have demanded, and will continue to demand, serial “bail outs” from common Americans, in order to keep the paper pyramids from collapsing.
Today, America finds herself once again lost in “the yellow wood” of monetary chaos, at a point where “two roads diverge[ ]”—
One road leads to “more of the same”—“monkey business as usual”, as it were, both politically and economically—aimed at propping up domestic as well as foreign zombie banks; subordinating the United States Treasury to the cabals of private financial power-brokers in New York and London; and, one may be assured, expanding the fraud of irredeemable legal-tender paper currency to the supra-national level, with a new “global currency” which will surely strip America of her economic sovereignty, and likely will attenuate if not eliminate her political sovereignty, too.
We must not be enticed down that wrong road by the illusion that we can convince Congress to reinstitute some kind of traditional “gold standard” that pulls the Federal Reserve System from the pit of its own incompetence, profligacy, and criminality, by somehow returning Federal Reserve Notes to redeemability in gold
My “Cross of Gold” address to this audience in October of 2010 said all that needs to be said against the substance of proposals of that kind. Of course, I shall be the first to commend the proponents of such plans for their patriotism, imagination, courage, and optimism. But, as General Sosobowski reputedly said when General Browning reviewed the plan for the ultimately disastrous Operation Market Garden: “I am thrilled that your great Field Marshall Montgomery has devised such a plan. I promise you that I shall be properly ecstatic if it works.”
Operation Market Garden failed because it was directed along the wrong road. I doubt that any plan to return Federal Reserve Notes to redeemability in gold will work, either—in any sense of the word “work” that will serve the American people’s interests. Even if such a plan could be put into practice, it would merely bring this country back to 1932—and those who have studied monetary history will recall that 1932 was followed by 1933.
That brings us to the other road. “The road not taken” yet, but which must be taken soon. The road that leads to
• honest, fully constitutional, and economically sound monetary units tied directly and inextricably to the free market;
• political “checks and balances”, in the form of decentralization of monetary authority, and control of their own money by the people themselves; and
• the retention and even strengthening of America’s national sovereignty and independence.
This is the road leading, not to salvaging the Federal Reserve System, but instead to walking away from it, through the adoption by each State of an alternative so-called “electronic currency” consisting of gold and silver, in which definite and fixed weights of precious metals are the only monetary units.
This can be done, because
(1) The present economic crisis has made some such action absolutely imperative.
(2) The present political crisis excludes any such action being taken by Congress.
(3) The States enjoy the constitutional authority to act.
(4) The people and public officials in the States are, slowly but surely, becoming aware that, if anything is to be done in their interests, they must do it themselves.
(5) The plan for an alternative “electronic currency” is fully workable—arguably, it is the only plan that can be made to work in time—
• Adoption of an alternative “electronic currency” by the States does not depend upon agreement or assistance from—or, indeed, any involvement whatsoever on the part of—Congress, the Treasury, the Federal Reserve System or other central banks, the major commercial banks either domestic or foreign, the big Wall-Street financial houses and speculators, or any of the other usual suspects in the political-cum-economic fraud that passes for national and international “monetary policy” today.
• Adoption of an alternative “electronic currency” establishes constitutional and scientific monetary units of gold and silver, immediately interchangeable with each other on the basis of the exchange rate between the precious metals in the free market.
• An alternative “electronic currency” avoids all of the problems that inhere in the use of coinage: namely, that
(i) Neither the United States nor any other country provides “free coinage” of gold or silver; and none is likely to do so in the foreseeable future.
(ii) The United States and foreign coins that are available are insufficient to make a coinage scheme work, particularly in that there are not enough different, especially low, denominations for use in average day-to-day commerce.
(iii) A State cannot safely rely on private mints to generate new coinage. For private mints will not be able to partake of any governmental immunity, by being made parts or agents of State government, because the States cannot themselves coin money—i.e., if the private mints could claim the immunity, then the prohibition would come into play. And without such immunity, the private mints would be exposed to “Bernard von Nothausing”, so none will start up without some previous judicial protection—which means a lengthy period of litigation, the outcome of which is likely to be negative in the decidedly unfriendly “federal courts”.
(iv) There exist no “gold and silver coinage banks” available to handle coinage on deposit, for transfers by checks, and so on; and banks in the Federal Reserve System cannot be expected to set up special gold and silver accounts. So businesses especially, as well as average citizens, will find the use of coinage very inconvenient.
(v) Bullion is perfectly assimilable on a constitutional basis to coin if the government provides or adopts some certification of amount and purity at least equivalent to the certification of amount and purity that inheres in official coinage. And, in any event, as to all “Payment[s] of Debts” that come within a State’s reserved power under Article I, Section 10, Clause 1 of the Constitution, a State can make actual “gold and silver Coin” the only final “Tender”, but can arrange that creditors can be paid with “electronic currency” at an appropriate premium, so that very few would ever opt for coins.
• An alternative “electronic currency” can be installed in at most 30, 60, or 90 days from passage of the enabling legislation, by using “off the shelf” technology that has already been thoroughly proven in the marketplace.
(6) A proper plan for an alternative “electronic currency” adopted and proven in one State can be taken up in short order in every other State. Indeed, once adopted in one State, it will be adopted in others, because the full force of the market will be behind it.
(7) An alternative “electronic currency” is satisfactory not only for intrastate and interstate commerce, but also for international trade. So its adoption will occasion the least possible disruption in the markets for real goods and services.
(8) This plan does not disperse our relatively meager forces, because the selfsame proposal can be promoted in each State—yet it also does not put all of our eggs into one basket, because there are 50 different baskets, in at least one of which the plan will likely prove successful.
(9) An objection frequently offered to this plan is that rogue officials in the General Government will attempt to enforce some statute of Congress—whether now on the books or to be specially enacted for the purpose—that prohibits or inhibits the States from adopting an alternative currency. Under the circumstances of accelerating economic crisis and civil unrest that will form the context in which an alternative currency will be adopted, however, the General Government will prove to be a paper tiger.
• First, if the General Government threatens or attempts to enforce some such statute against a State, the State can bring the case into the original jurisdiction of the Supreme Court, under Article III, Section 2, Clause 2 of the Constitution. In that event, it is most unlikely that the Justices would dare to take upon themselves the responsibility for interfering with a rearrangement of America’s monetary affairs that could save the people from a crushing economic collapse. They could, of course, correctly rule that the Court has already decided that the States retain the governmental authority to adopt their own currencies, whether of gold or silver coin or of bullion. See Lane County v. Oregon, 74 U.S. (7 Wallace) 71 (1869). Perhaps more likely is that—in the manner of Pontius Pilate that has always best suited them—the Justices will wash their hands of the matter entirely by ruling that the case presents a so-called “political question”: namely,
(i) The General Government has its monetary powers—to coin and to borrow money—and through the exercise of these powers the power to create a monetary and banking system. And it has done so.
(ii) The States enjoy an explicitly reserved power to “make gold and silver Coin a Tender in Payment of Debts”, and through the exercise of that power can create their own alternative monetary system. And they have done so.
(iii) These two systems serve as “checks and balances”, one against the other—limiting the States in what they can do, but preserving for them the ability to protect their people against an incompetent and imprudent Congress.
(iv) The ultimate “check and balance” is the people themselves, who can choose, in the market, which monetary system they want to use. And, therefore,
(v) The Judiciary cannot tell the people which level of government to support in this matter. Case dismissed.
Were the Justices to rule that the people cannot protect themselves against economic catastrophe by choosing their own form of currency, issued by their own State governments under a power constitutionally reserved to the States, their blunder would signal the end of the Judiciary’s authority in this country. The American people will not sit down resignedly to eat cat food in cold and squalor because five political appointees in black robes tell them they must do so, in order to enable the banks and Wall Street speculators to continue to loot this country. Rather, the people will adopt President Andrew Jackson’s view: “Justice Marshal has made his decision; now let him enforce it!”
• Second, concerns are often raised about the General Government’s employment of onerous tax regulations to inhibit the use of gold and silver as alternative currency. Because any tax-enforcement process must go through the courts, however, it will ultimately collapse on the grounds just stated. Long before that happens, however, any tax problems will be obviated by a political accommodation: namely,
(i) The States will agree to have their people keep two sets of books: one in Federal Reserve Note values, the other in the alternative gold and silver “electronic currency”.
(ii) The General Government will agree to create a system of dual tax returns, consisting of a “paper return” for transactions conducted in paper, bank-deposits, and base-metallic coinage; and a “specie return” for transactions conducted in gold and silver. And
(iii) Taxpayers will then pay their taxes on their paper transactions in paper, and on their specie transactions in specie.
The General Government will accept this arrangement, because, if it refuses, it will find itself bereft of any real tax revenues when the Federal Reserve System collapses. Only by cooperating with the States in the adoption and use of an alternative currency of gold and silver will the General Government financially survive. (And, of course, if it does not survive financially it will not survivepolitically, either.)
In sum, the plan for adopting an alternative “electronic currency” is workable constitutionally, technically, and politically. That being so, as America approaches the point at which “[t]wo roads diverge[ ] in a yellow wood”, the moment of her greatest opportunity arrives.
But so, too, approaches the moment of her greatestdanger.
The plan of the Powers That Be is, by hook or by crook, to maintain the terminally ill Federal Reserve System on life-support until a new “global currency” can be introduced. So any proposal for returning Federal Reserve Notes to apparent redeemability in gold could play right into their hands.
As turmoil in the markets and in the streets intensifies, the Powers That Be may very well agree with reformers that something must be done to stabilize the monetary and banking systems. They could very well offer what appears to be a compromise, in the form of a new internationally controlled currency, to be stabilized with some kind of gold “backing”. After all their years of effort, heretofore rewarded only by failure, reformers will be desperate for something than can be labeled “success”—and might therefore accept such a proposal, imagining that they have finally won the battle for sound money. In fact, they will have been led, as little children, down the wrong road once again.
For, when the new “global” financial institutions and currency are firmly in place, with sufficient supra-national political and economic authority, the Powers That Be will remove any gold “backing” from the “global currency”, just as they did with Federal Reserve Notes. Once again, 1933 will follow 1932, and with a vengeance.
The plan for a State alternative “electronic currency” promises the best, if not the only, means by America can avoid this pitfall. An alternative “electronic currency” can be set up in each State throughout the United States without any involvement of, let alone support for, the Federal Reserve System. And an alternative “electronic currency” cannot possibly be diverted or converted into a scheme for a “global currency”—unless the Powers That Be agree to adopt fixed weights of gold and silver as the only “global” monetary units, and to treat everything else, not as money, but only as mere debt. Which, one can be assured, they will never voluntarily do.
So, in the endeavor to secure sound money, we must remain unequivocal, uncompromising, adamantine—“extreme” in the manner that truth and justice are always and necessarily “extreme”:
• We must demand real money, not a bastard currency consisting of debt.
• We must demand scientific money, the composition of which can be verified or falsified anywhere in the world according to the selfsame standards—not political money, the composition of which depends upon the whims of politicians, bankers, and speculators whom the average American would not trust to take his automobile to Jiffy Lube for an oil change.
• We must demand economically sound money, consisting of fixed weights of gold and silver, the quantity of which the free market determines through “free coinage”—not paper chits only “redeemable in” or “backed by” gold or silver. As soon as we hear the words “currency redeemable in gold” or “currency backed by gold” we should recognize that we are exposing ourselves, if not to fraud, then certainly to the fallibility and faithlessness of politicians, bankers, and speculators. And therefore,
• We must demand constitutional money. Even if redeemable in gold, the Federal Reserve Note is not constitutional money. It is not a “dollar”. It is not even “lawful money”, because according to the very statute defining it, it is to be “redeemed in lawful money”. Self-evidently, the thing to be redeemed and the thing that redeems it cannot be the very same thing.
Finally, what America faces where these “[t]wo roads diverge[ ]” is not, at base, a monetary problem. It is not even an economic problem. It is a politicalproblem. After all, the free market is a governance mechanism, controlled by the people. Sound money is a governance mechanism, controlled by the people. And the Federal Reserve System is most assuredly agovernance mechanism—but one designed to manipulate money and thereby skew the workings of the free market, for the benefit of special-interest groups antagonistic to the people.
America suffers from the disease of unsound money—and all its increasingly serious sequelae—because all too many among her people have largely abdicatedself-government. The alternatives are not, as ultra-libertarians profess to believe, “government” (presumably bad) and some species of “liberty” largely divorced from “government” (presumably good). Within society, sovereignty is never is abeyance. If Americans do not govern themselves, they will not enjoy “liberty”, but surely will be governed by others—and in a manner not at all to their liking.
The establishment of an alternative currency is the first step down that road “less traveled by” towards America’s recovery of monetary, then economic, then political self-government. Let us not stumble at the turning-point.
© 2011 Edwin Vieira, Jr. – All Rights Reserved
More articles by Mr. Vieria at http://www.newswithviews.com/Vieira/edwinA.htm
Edwin Vieira, Jr., holds four degrees from Harvard: A.B. (Harvard College), A.M. and Ph.D. (Harvard Graduate School of Arts and Sciences), and J.D. (Harvard Law School).
For more than thirty years he has practiced law, with emphasis on constitutional issues. In the Supreme Court of the United States he successfully argued or briefed the cases leading to the landmark decisions Abood v. Detroit Board of Education, Chicago Teachers Union v. Hudson, and Communications Workers of America v. Beck, which established constitutional and statutory limitations on the uses to which labor unions, in both the private and the public sectors, may apply fees extracted from nonunion workers as a condition of their employment.
He has written numerous monographs and articles in scholarly journals, and lectured throughout the county. His most recent work on money and banking is the two-volume Pieces of Eight: The Monetary Powers and Disabilities of the United States Constitution (2002), the most comprehensive study in existence of American monetary law and history viewed from a constitutional perspective.www.piecesofeight.us
He is also the co-author (under a nom de plume) of the political novel CRA$HMAKER: A Federal Affaire (2000), a not-so-fictional story of an engineered crash of the Federal Reserve System, and the political upheaval it causes. www.crashmaker.com
He can be reached at his new address:
Intelligent people who read this man’s articles will soon realize that America needs to have the political equivalent of a military draft, so we could draft Mr. Vieira into the office of president. It goes without saying; we also need to be able to fire any politician effective immediately.
The present system has full control of the people’s power, and anyone with two inches between their ears can see, we are powerless as a result. Who can guarantee an honest election?
The US goes to the presidential polls a year from today, but there is little faith in the political system as recession bites
By Rupert Cornwell
'Ten years ago we had Johnny Cash, Bob Hope and Steve Jobs," runs a sour joke that has been doing the rounds since Silicon Valley lost its most famous son. "Now there's no cash, no hope and no jobs." Perhaps not a contender for the Nobel Prize in side-splitters, but it catches America's dark mood – a year to the day before the country delivers its verdict on whether Barack Obama merits a second term in the White House.
Before every presidential election, there is talk that this one will be historic, a "watershed" to match the two that truly qualified for that title during the previous century: 1932, which ushered in Franklin Roosevelt and five decades of Democratic domination, and the Reagan landslide of 1980 that made official a conservative shift in national politics that continues to this day.
The year 2008 was supposed to be another new beginning – not just in terms of the colour of the victor's skin, but in the vista of change, youth and renewal that seemed to open up, despite the worst economic crisis since the Great Depression that swept FDR into the Oval Office. But things didn't quite work out that way.
Great hopes can breed great anti-climaxes, and so it has been with Obama. The shining promise has not been fulfilled, at least not yet: in part because of his own inexperience (he had served barely two years in the Senate when he announced his candidacy in 2007); in part because of the singular bloody-mindedness of his Republican opponents; but above all because of an economic crisis that has proved deeper and more intractable than almost anyone expected.
The numerical truth was laid out last week in the latest forecasts from the Federal Reserve, the country's central bank. Growth for the next three years is unlikely to exceed 2.5 per cent – respectable by Euro-sclerotic standards, but barely enough to keep pace with a growing workforce. Even assuming a double-dip recession is avoided, unemployment will still be close to 9 per cent when the election comes around, and by late 2014 will probably still exceed 7 per cent. And that improvement may well reflect an increase not in the overall number of jobs available, but in the number of Americans who have given up looking for work. Remember, too, that no president since Roosevelt has been re-elected when the unemployment rate was above 7.2 per cent.
But figures tell only a fraction of the story. They cannot express the pervasive sense of decline, the feeling that this crisis is not just a blip, but a permanent inflection of the graph of national well-being. As long as the economy was broadly on the up, the injustices and shortcomings of the system were masked.
Worrying signs – increasing budget deficits, growing personal debt and a stagnation in middle-class incomes – have been around for more than a decade. But the Great Recession has brought them into glaring view, and may inspire America's voters into a revolution of their own. Frustration and anger are today's dominant emotions. You can measure them in the ascent of the Tea Party movement on the right, and the Occupy Wall Street (OWS) movement on the left. Ideologically, the pair are at opposite ends of the spectrum – the former seeing government as the source of every ill, the latter demanding that government stamp out the iniquities of capitalism run amok.
Compared with the OWS, the Tea Party is a relatively organised political force that now drives the Republican Party. But in a way they are two sides of the same coin. Both are exasperated with the status quo. Both loathe a system where money rules, where politicians are in the pockets of their financial contributors, and chief executives pay themselves obscene bonuses even when they have run their companies into the ground.
Even more fundamentally, the Great Recession is giving the lie to bedrock assumptions of the American Dream. The right to make a fortune has always been part of that dream, but within certain parameters of fairness. Those parameters are now stretched to breaking point. Hardly a week goes by without new statistics showing how national wealth is ever more concentrated in the hands of a very few. The gulf between the very rich and the rest is now wider than at any time since the 1929 crash. Liberals blame the Bush tax cuts of 2001 and 2003; these, however, only reinforced an existing trend, whereby technological advances rewarded the owners of capital and the superskilled, while globalisation of the labour market wiped out millions of traditional middle-class jobs in the US itself.
Another vanishing assumption is that each generation will be better off than its predecessor. Today's young Americans may well live worse than their parents, in a world where full employment in the traditional sense could be gone for good. Education, too, was supposed to be a key to eternally growing prosperity. Now Americans are constantly bombarded with evidence that their school standards are slipping dangerously behind their main Asian and European competitors.
American universities, it is true, are the envy of the world – as proved by the foreign students who flock to them. But the average debt of US students has risen to more than $25,000 per head, a record, while total student borrowing now exceeds total credit-card debt. And this when the decent jobs that will allow graduates to repay their loans are dwindling. America was supposed to be the land of social mobility. In fact, studies now show that if you are born into a poor family, you have a better chance of becoming rich in Canada and several European countries than in the US.
Which, in a way, leads back to Steve Jobs. Indubitably he was a titan of modern business, who has been compared to Thomas Edison or Henry Ford. But the grief at his death spoke to something more – a sense that a certain America had died with him, the America where a couple of kids in a garage could change the world.
Such fears, of course, are wildly exaggerated. The US is still the most inventive place on earth, as testified by patents taken out, Nobel prizes won, and crazes that sweep the world – not to mention the relentless industrial espionage against the US conducted by China, Russia and others. But the sense is palpable that the 21st century will not belong to America, and that global economic supremacy is shifting across the Pacific.
A less painful but still tangible contributor to the sense of decline is the ebbing power of the US abroad. Last week's G20 summit in Cannes underlined the point. Once, Washington would have been seen as a potential rescuer of the eurozone. These days, in debt to the gills itself, the US is a virtual bystander. All eyes are on China, with its $3.2trn of foreign reserves.
In military terms of course, America remains unchallenged, the world's only superpower, alone capable of projecting massive force instantly anywhere on the globe. But Washington can no longer afford another Iraq or Afghanistan, wars that have cost over $1trn, all of it borrowed money, and with little to show for it.
America's sway is waning too even in regions where its influence was traditionally huge. The US cannot shape an Israeli/Palestinian peace process; it watched from afar as the Arab Spring unfolded; and, in the honest but infelicitous phrase of an Obama aide, "led from behind" in Nato's Libya campaign. That approach may have made eminent diplomatic and financial sense. But for proponents of US exceptionalism and the country's global calling, it was thin gruel indeed.
Nowhere, though, is the disillusion, and the sense that the old ways no longer work, greater than Americans' views of their political system. When times were good, the imperfections did not matter: the federal government was traditionally a remote entity, and the checks and balances contained in the constitution were designed to keep it that way. But when times are bad, people look to Washington for solutions. Today's dysfunction and paralysis raise questions whether the two-party system in its present form is workable at all.
Americans, by and large, are pragmatists and moderates. Yet they look to Washington and see only polarisation and endless feuding between two parties driven by their extremes. In the US system of divided government, politics can work only by compromise, and compromise flows from the middle ground. Yet in Washington, the centre has mostly been destroyed. For the majority of incumbent senators and congressmen, the main threat they face is not the opposing party at the election, but a more radical rival in their own party primary, where a minority of committed activists determine the outcome.
The result is a Democratic Party dominated by its liberal wing, and a Republican caucus that has grown ever more conservative. Each is dug deep into ideological trenches. Americans generally favour robust argument and divided government – but not this divided. Checks and balances are all very well, but when one legislative body (the Senate) requires a vote of 60 of its 100 members for the slightest contentious legislation even to come to a vote, things, they feel, have gone too far.
After last summer's debacle over an increase in the national debt ceiling, dissatisfaction turned into disgust. A recent CBS/New York Times poll showed an approval rating for Congress of just 6 per cent – to which the common reaction is, who on earth are the 6 per cent?
But nothing seems to change. Last Tuesday, the House of Representatives did manage to pass, by a majority of 396 votes to six, a resolution reaffirming "In God We Trust" as the official motto of the United States. But anything that matters rots. The Republicans' theological aversion to higher taxes, even for the superwealthy, last week blocked a bill that would have provided jobs for hundreds of thousands, improving the country's ageing infrastructure. Similar resistance also looks likely to prevent the bipartisan congressional "super-committee" set up under the debt-ceiling deal from agreeing a plan for $1.2trn of further cuts in the deficit over the next decade by the appointed deadline of Thanksgiving. The price of failure may be a further downgrade of US sovereign debt by the ratings agencies – and yet more scorn for politicians from ordinary citizens.
No wonder Americans cast around for new saviours. No wonder the emergence of protest movements on both left and right, and no wonder the popularity of unconventional politicians such as New Jersey's blunt-spoken Republican Governor, Chris Christie, or Elizabeth Warren, Harvard professor, Democratic contender for the Senate and scourge of Wall Street and the financial industry.
The rebellious mood also helps to explain the weird contest for the 2012 Republican presidential nomination: the refusal to embrace the eminently qualified Mitt Romney and the flirtation with a string of alternatives, including the erstwhile pizza magnate Herman Cain, whose appeal, it would seem, not even a sexual harassment scandal can diminish.
The election is still a year off, and its outcome utterly unpredictable. In normal times, an approval rating of barely 45 per cent and polls showing 75 per cent of Americans believe the country is "on the wrong track" would spell big trouble for Obama. But, as the old sports adage runs, you can't beat somebody with nobody.
One thing, however, is sure. In this dark American moment, the stage is set for a populist. It could be the incumbent president, lashing heartless Republicans for their pandering to the rich. It could be a Republican who convinces his countrymen that Obama is leading the country to ruin. Or could a third-party candidate somehow become the outlet for the general exasperation with the status quo?
Don't write off the notion entirely. After all, the eccentric Ross Perot launched his candidacy only six months before election day in 1992, and won almost 20 per cent of the vote – in an age when America's problems were a 10th of what they are today. One way or another, 2012 could yet be the "watershed" election that 2008 was not.
IoS Special report: The State of the Union
Race for The White House
9 Iowa caucus
14 Nevada caucus
17 New Hampshire primary
21 South Carolina primary
31 Florida primary
7 Colorado and North Dakota caucuses; Georgia and Missouri primaries
21 Wisconsin primary
28 Arizona and Michigan primaries
6 Idaho caucus; Georgia, Massachusetts, Oklahoma, Tennessee, Texas, Virginia and Vermont primaries
10 Guam, Kansas, and Virgin Islands caucuses
13 Hawaii caucus; Alabama and Mississippi primaries
20 Illinois primary
24 Louisiana primary
3 Washington DC and Maryland primaries
24 Connecticut, Delaware, New York, Pennsylvania, and Rhode Island primaries
8 Indiana, North Carolina, West Virginia primaries
15 Nebraska and Oregon primaries
22 Arkansas, Idaho and Kentucky primaries
5 California, New Jersey, Montana, New Mexico and South Dakota primaries
12 Ohio primary
26 Utah primary
40th National Republican Convention in Florida
3 National Convention, Charlotte, North Carolina
6 Election of the President of the United States
Mitt Romney Governor of Massachusetts 2003-7. Ran for president in 2008, and now one of the two front-runners. Wants to lower corporate income tax, repeal Obamacare, cut public spending. Reputation as flip-flopper. Pro-life. Mormon.
Herman Cain Ex-CEO of Godfathers pizza chain, and outsider who has leapt into lead. Revelations that he was once accused by two women of sexual harassment have not derailed campaign – so far. Opposes government intervention in the economy through stimulus and bailouts, proposed much-criticised 9-9-9 flat tax plan which has helped his rise.
Rick Perry Governor of Texas 2000-now. Supports minimal government – low taxes and low spending, and repeal of Obamacare. Does not believe in gay marriage. Strongly pro-life. Never lost an election.
313 million people live in the US.
13 per cent are black.
15 per cent are Hispanic.
33 per cent of Americans are classified as obese.
Life expectancy is 50th in the world at 78.4 years. Monaco is top with 89.7.
4.7 per cent of US GDP is spent on defence – twice the rate of China.
Three billion pizzas are sold in the US every year.
By the end of 2009, the US had 2,292,133 adults in prison.
45 per cent of US households possess a gun; there are 300 million firearms owned by US civilians.
$10.5 trillion US government debt is more than five times what it was in 1979.
12 million jobs out of a workforce of 154 million are involved in manufacturing, the lowest since the 1940s.
Personally, I do not believe we will see another Presidential election, but for the first time in my 71 (then 72) years, I intend to be ready to vote, because it is probably the only chance I will ever have to document my hatred for this scumbag presently in that office. I take great pride in never having voted, because I believe it is a sign of intelligence. Look where it got us! There are those who say if you didn’t vote you have no right to complain, but I say if you had any damn brains you would have known it is a shell game under the control of people who have no intentions of running for office. Instinctly I knew this in my twenties, without having to study the political history of America.
Now, after years of study I have the documentation to prove it has been a shell game from the get-go, but still the majority are too stupid to study, and nothing can make a man believe something he does not want to believe; proof be damned. There is a cognitive dissonant pandemic in America. Better known as bull headed stupidity. Even after running his mouth for years now about the Federal Reserve, Ron Paul still knows better that to educate the people on the Federal Reserves Comprehensive Annual Financial Report, because he wants to live long enough to run for the Presidency. Get this through your heads folk’s, the International Banking Cartel owns this government, the land, resources, and the people. You are a slave to the bankers, and as long as you continue to avoid the issue by ignoring it, the tighter they draw the noose around your neck. The next President will be appointed, just like the past ones were. When they are finished drawing the last ounce of blood from you, they will kill you by the billions. Americans are self centered, entertainment addicted, Intellectual zombies, and yes, the American nightmare is at it’s end because they couldn’t recognize wolves from sheep! The bible told us what to expect from people but you simply could not believe it. Zombies!
Saturday, November 05, 2011
by Anthony Wile
A recently posted YouTube video, "EU: Treaty of Debt (ESM) – stop it now!" is attracting attention in the blogosphere because of shocking allegations about what the treaty means to Europeans.
You can click the link at the end of this article to see the video. It is apparently a totalitarianpact for a new European empire to be implemented within one to two years. As we've suggested before, the new world order is being formed NOW. This is the time. Not sometime in the next decade.
I think the Internet has panicked the elites behind this particular conspiracy. They are losing ground every day, perhaps, and don't think they can wait any longer. They need to act before a popular consensus forms against them.
Well, here's a hint. It may ALREADY be too late. They should have shut down the Internet years ago. Around 2000. Arrogance is always dangerous, eh?
But now, with their authoritarian concepts available for all the world to see, they nonetheless strike again and again. The video – and I cannot confirm this, but reports suggest the validity of its contents – is yet further proof.
It explains that the European Stability Mechanism (ESM) calls for the creation of a fund of 700 billion euros that can be expanded at any time. It calls for a committee to administer this fund that is entirely above the law – one that can be neither prosecuted nor even questioned within a normal legislative venue.
The putative reason to form such a fund, of course, is the EU's economic crisis. But Eurocrats are on record as gloating that as the euro is unsustainable, sooner or later some crisis will enable a more perfect union. The plan has always been to "consolidate" using the failure of the euro as a pretext.
This is how promotions work, by the way. This is how directed history works. The elites plot out what we call dominant social themes carefully. They use the Hegelian ?Dialectic in combination with their fear-based memes.
One step leads inexorably to another. It all seems logical. But of course it is not "logical." It is simply planned to look that way. It is what we have come to call directed history. How does directed history work. Well, just see yesterday's article on Iran: "Excavator Digs up Truth About CIA's Support for Khomeini's Regime Change in Iran."
The power elite always needs to control both sides of a conflict. That's how it seems to have worked for up to 300 years now. Without maximum control, a promotion can go awry. Sometimes it does anyway, to be sure.
Western elites (the ones that matter when it comes to the one-world conspiracy) have received numerous setbacks in the 21st century. The Internet itself is the major one, as there is considerable circumstantial evidence that theAnglosphere didn't see it coming …
But it did come! Billions of people are online and the one-world conspiracy is discussed endlessly as more and more people are introduced to the concept's reality. The truth-telling of the 'Net has thus blown up numerous memes and made elite promotions a good deal more difficult to create and implement.
The response, apparently, is to turn to increasingly authoritarian tactics. War, chaos, economic ruin are all to be employed to counteract the "Internet Reformation." And right in line with this authoritarian response comes … ESM.
It really seems to be a shocking concept. One of the feedback entries on the vid-thread notes that the formation of the ESM sounds a lot like that of the Bank for International Settlements located in Switzerland. We've written about the BIS and its extraordinary power brief. If you work for the BIS, you have blanket immunity around the world. NO ONE can search you or your belongings.
It is not clear, either, to whom the BIS reports; it seems to exist in a vacuum, supervising at least 100 central banksaround the world without any oversight. Strange, to say the least.
The contemplated ESM seems to adopt the BIS formula. It is to be entirely above the law while administrating billions or trillions of dollars as it sees fit. The ESM will presumably be located in Brussels and will receive tribute from all over the EU, from all of the nations (or former nations) that make up the EU's vassal system.
Surely, if the contents of this video are to be believed, there can be no question now about the elite conspiracy. One can see it unfolding here.
The EU was sold as a trade association. Later on it became a currency zone. Now it seeks to become an Empire, complete with vassals and conquered territories sending unlimited amounts of tribute.
I don't know if this video is accurate or not. Perhaps those who stop by occasionally to provide us with wise and insightful feedback can do some additional sleuthing. It was a feedbacker, yesterday, who pointed out this video to us. You can watch it by clicking here. http://www.thedailybell.com/3198/EU-Treaty-of-Debt-ESM–stop-it-now
By Devon DB
From the European Central Bank headquarters to the halls of the Senate floor in the United States, debt, deficits, and austerity measures are all on the minds of leaders all over the world due to the ongoing world-wide recession. Many facets of the economic crisis have been examined, however, the role of credit rating agencies has been largely ignored, with their being little to no in-depth analysis of the role of rating agencies in relation to the global economic downturn nor their influence on the global economy at large. It seems that while rating agencies can be used to rate the creditworthiness of a nation, they now have undue influence on countries and are able to hold them hostage, thus an examination needs to take place of how they wield such influence on the world at large.
Sovereign Credit Ratings
Credit rating agencies came into being due to the creation of railroad industry. In the 19th century “the growing investing class [wanted] to have more information about the many new securities – especially railroad bonds – that were being issued and traded”  and thus credit rating agencies filled that need. In the middle of the 19th century, railroads began to raise capital via the market for private corporate bonds as banks and direct investors were unable to raise the capital needed to construct railroads. This growth in the sale of the different private bonds led to a need for there to be “better, cheaper and more readily available information about these debtors and debt securities,” thus Henry Varnum Poor responded by writing and publishing the Manual of the Railroads of the United States in 1868, containing the financial information of all major railroads companies and providing “an independent source of information on the business conditions of these corporate borrowers.” 
With John Moody issuing the first credit ratings in the US in 1909, the credit rating agency had come into its own. Usually the entire process of “shaping investor perceptions of corporate borrowers” was dealt with by banks as they would be putting their reputations on the line by lending to corporations. Thus, if a venture succeeded, the bank’s reputation would go up and if the venture proved a flop, the bank’s reputation would be damaged, making it harder for them to attract new clients. Essentially the creditworthiness of a corporation was certified to the public via the reputation of the bank they had borrowed the money from. Due to this, “the bank as creditor would become more involved in the business of the corporation and become an insider,”  yet bond investors would not have access to the same information that the banks did. Thus, rating agencies aided in a leveling of the playing field and improved the efficiency of capital markets.
However, in time rating agencies went from rating the bonds of railroads to rating the bonds of sovereign states. In the 1970s global bond markets were reviving, but the demand for bond ratings was slow to occur as most foreign governments didn’t feel the need to have their credit rated since most already had good credit and for those that didn’t, credit could be attained by other means. However, this changed in the ‘80s and ‘90s when countries with bad credit “found market conditions sufficiently favorable to issue debt in international credit markets.”  These governments frequently tapped into the American bond market which required credit ratings, thus, “the growth in demand for rating services [coincided] with a trend toward assignment of lower quality sovereign credit ratings.”  While this may have been good for investors as they would be able to now see if a nation was a financial risk, this ability to rate the credit of countries would give them the power to decide a countries economic fate.
Ratings and Economic Policies
Credit ratings, while they can be a potentially positive part of the financial industry, can also have a negative effect on the economic policy of countries. This is especially true for developing nations.
For countries that take out loans, “a rating downgrade has negative effects on their access to credit and the cost of their borrowing.”  This could potentially force a government to have to borrow money at a higher interest rate and thus scale down its plans for economic development. The problem that this poses for developing nations is that the only way to increase their credit score is to follow the “orthodox policies [that focus] on the reduction of inflation and government budget deficits”  which is favored by such organizations as the IMF and the World Bank. The alternative, which would be to avoid a rating downgrade in the first place, is even worse as it could lead “borrowing countries [to] adopt policies that address the short-term concerns of portfolio investors, even when they are in conflict with long-term development needs.” 
This entire state of affairs is rather unfair to the Developing World as they are forced to take on large amounts of debt as they try to industrialize and modernize. This is largely caused due to the fact that they are victims of neocolonialism and that the major means of production are owned mainly by foreigners who don’t contribute much in terms of improving the long-term economic prospects of a country and getting them from under the weight of neocolonialism.
While rating agencies can have an effect on individual countries, they can also effect the global economic system at large as can be seen by their actions in the current global financial crisis.
As we all now know, the major reason for the near global economic collapse was due to a subprime mortgage lending bubble that occurred between the late ‘90s and 2007. The deep financial risk occurred due to the fact that financial corporations sold mortgages to families who could not pay them and used them to create collateralized debt obligations. This “encouraged subprime lending and led to the development of other financing structures, such as “structured investment vehicles” (SIVs), whereby a financial institution might sponsor the creation of an entity that bought tranches of the CDOs and financed its purchase by issuing short-term “asset-backed” commercial paper.” (ABCP)  Credit rating agencies came into play due to the fact that favorable ratings that the agencies gave allowed for high ABCP ratings. It is quite crucial to note that the ratings agencies gave were extremely important as they “had the force of law with respect to regulated financial institutions’ abilities and incentives (via capital requirements) to invest in bonds” and due to their friendly relationship with corporate and government bond ratings, many rating agencies were able to influence “many bond purchasers— both regulated and non-regulated—[to] trust the agencies’ ratings on the mortgage-related securities, even (or, perhaps, especially) if the market yields on those securities were higher than on comparably rated corporate bonds.”  Thus, the rating agencies were crucial in the economic calamity due to the fact that they were able to influence bond purchasers to bank on, what were in essence, junk investments.
Corporations may have had an effect on the ratings they were given due to the fact that the higher the ratings were, the larger the profits would be. Thus, corporations “would be prepared to pressure the rating agencies, including threats to choose a different agency, to deliver those favorable ratings.” 
Eventually, when the house of cards that was precariously built upon high risk mortgage loans came tumbling down, the rating agencies were swift to pass judgement in the form of massive downgrades. These downgrades caused the rated securities to lose value in both the primary and secondary markets, quickening the pace of the economic downturn. However the downgrades revealed that the ratings system itself was quite flawed, being influenced by such things as “the drive for market share, pressure from investment banks to inflate ratings, inaccurate rating models, and inadequate rating and surveillance resources.” 
Evidence reveals that in the years leading up to the economic meltdown both Moody’s and S&P were quite aware of the increasing credit risks due to factors such as “higher risk mortgage products, increasingly lax lending standards, poor quality loans, unsustainable housing prices, and increasing mortgage fraud” , yet the agencies continued to ignore any and everyone’s- even their own- assessment on the risks and refused to adjust the credit ratings to accurately reflect the risk of the investments. Interestingly enough, “Moody’s and S&P began issuing public warnings about problems in the mortgage market as early as 2003, yet continued to issue inflated ratings for [mortgage] and CDO securities before abruptly reversing course in July 2007.”  This leads one to wonder why they would continue to give good ratings to mortgages that they knew were junk. The reason this occurred was due to the issuer-pays model under which the firm interested in profiting from a security is required to pay for the credit rating needed to sell the security. In addition to this, “it requires the credit rating agencies to obtain business from the very companies paying for their rating judgment” which results in “a system that creates strong incentives for the rating agencies to inflate their ratings to attract business, and for the issuers and arrangers of the securities to engage in ‘ratings shopping’ to obtain the highest ratings for their financial products.”  Thus, the rating agency is forced to give inflated ratings if they want to stay in business. The ratings agencies are partially to blame for the financial crisis, but it is also the very system at large that needs to be uprooted and replaced. This entire fiasco brings up the question: Can the rating agencies be regulated?
Regulation and the Revolving Door
There has been some arguments for reform for CRAs, among these are switching to an investor pays model and promoting competition among rating agencies, however, each of these proposed solutions have their own problems.
Some argue for moving from the issuer-pays model to “an ‘investor pays’ model in which rating agencies would earn fees from users of the rating information.”  While this may sound like a good solution, there are still problems as “ it would not eliminate conflicts of interest but instead shift them from issuers to investors”  as it would now be in the interest of rating agencies to attract business from the very investors who are paying for their rating judgement, resulting, once again, in inflated ratings.
The proposal to promote competition among rating agencies is quite problematic due to the fact that “size and market recognition may be higher barriers to entry than regulatory status, turning the credit rating industry into an oligopoly.”  In addition to this, promoting competition could potentially lower the quality of the ratings due to the fact that new entrants would most likely offer higher ratings or lower prices as to compete with the three large rating firms, thus reducing both the level of effort in ratings and their reliability.
While these proposals may seem good, one must keep in mind that they are only reforms, which only make certain amendments to the overall system rather than creating an entirely new one. None of these reforms deal with the revolving door that exists between the Securities and Exchange Commission (SEC), the government institution that is supposed to regulate the ratings agencies among other financial markets, and the rating agencies themselves.
In May of 2011, the Project On Government Oversight announced that after completing a study from 2006 to 2010, found some rather interesting facts concerning the revolving door, such as that the SEC Office of Inspector General had “identified cases in which the revolving door appeared to be a factor in staving off SEC enforcement actions and other types of SEC oversight, including cases involving Bear Stearns and the Stanford Ponzi scheme” and one empirical study “uncovered several significant and systematic biases in the SEC’s enforcement patterns and found indirect evidence to support the contention that ‘post-agency employment at higher salaries may operate as a quid pro quo in return for favorable regulatory treatment.’”  Yet while these actions were taking place and the role of rating agencies in causing the global recession were known by the US government, Congress and Obama did little to nothing to remedy the overall problem.
Due to the major problems that rating agencies have caused in the recent years, it may lead some to ask the question are rating agencies even needed. The fact of the matter is that they are needed, but they need to play a much less influential role in the financial system than they do now. Instead of enacting small reforms that do nothing to solve the overall problem, a completely new way of interaction between the ratings agencies and the financial markets needs to be enacted. In addition to this, the revolving door between the SEC and members of the financial sector needs to end immediately. Without these changes the rating agencies may very well lead the world down another dark economic alley in the future.
As anyone can see from past experience, humanity as a whole has been deprived of the real power to direct their financial security, due to their lack of intellectual acumen, and the comparatively few who control the worlds wealth have near God like omniscience. Be honest with yourself and admit that you really understand very little of the complexities of world finance or credit rating’s, and how they interact.
However much admiration the ruling class believes is due to them, one would assume it is hardly justifiable to take advantage of the lesser intellect, and for the moment let us make a comparison to a 150-pound man trying to protect his wife and children from a three hundred pound intruder. Is it unfair for an intellectually superior person to manipulate the circumstances to gain his desire?
Many people today believe a superior person has the duty to share the proceeds of his endeavors, and also believe he could not have succeeded without taking undue advantage of the lesser person, but they offer no proof. Hence, humanity has devised governments to protect them from those with superior power. Either through war or laws, citizens expect their government to construct a level playing field for the game of life, but few if any of the lesser gifted, have any more morals than the highly gifted do.
All of this is expected if one is intelligent enough to observe human nature, and admit we are all depraved to some extent, and only occasionally is self-preservation the real culprit. With the total rejection of reformed theology, humanity has convinced their self they are good, and expect their leaders to be compassionate and honest. In truth, only God is compassionate and good, and requires humanity to try to be compassionate and good. For the glory of God is manifested in the lives of His children, and the rewards He has reserved for them.
Now day’s, humanity has declared they are good and deserving of Gods gifts. Hardly anyone in these days understands the complexities of human nature, or the requirements of God, and the majority of humanity denies that God even exists. Is it any wonder we are suffering God’s wrath?
Due to a total misunderstanding of Roman’s chapter thirteen, Christians now believe that God, being the one who instituted Government’s, intended us to be subservient to them, when in fact He requires us to control them by demanding they follow God’s law’s, and obey them. Now, we are reaping what we have sown, and expect God to protect us from an out of control government. Those of you, who reject what you have just read, have no chance of gaining His protection, as you have refused to do your duty to God. Not until we educate the government on the proper way to control our depraved nature, will we ever get God’s assistance.
The founders of our federal government did not obey God’s word, and because of their depravity, He let them construct an instrument that was designed to fail in preserving freedom for His children and all others. Now, we are stuck with our inability to find men inspired by God to correct it, and redesign it to praise the one and only power that can protect us. This is the most-perfect catch 22, imaginable. My fellow countrymen, God will not stand up for us, until we stand up for God, who is Jesus Christ now and forever.
If you are offended by this diatribe, consider your present position, and the power of the leviathan that controls your every thought word and action. Try as hard as you can to think of a way to reverse the present tsunami of evil that is drowning us in debt. Design an erudite set of operating principals to administer a global credit rating oligarchy, and protect commerce and our government from the power of those who issue and control our currency. Show me your wisdom! email@example.com
Wednesday, November 02, 2011 – by Staff Report
Two U.S. lawmakers will introduce measures to impose a transaction tax on financial firms that resembles a proposal released by the European Union. Senator Tom Harkin, an Iowa Democrat, and Representative Peter DeFazio, an Oregon Democrat, will introduce the bills tomorrow in their respective chambers. The bills will give the United States an increased role in the international debate over a transaction tax, which is likely to be discussed at the Group of 20 summit this week in Cannes, France. – Yahoo
Dominant Social Theme: There is a limit! These greedy thugs on Wall Street need to be taxed to an inch of their lives. And if we get taxed the same way, well, darn it, it'll be worth it. If OUR transactions are taxed, OK, we'll take it. If we have to keep records of everything we purchase, OK, we'll do it. If we get thrown in jail because we're not keeping records right, well that's OK, too, as long as some of these Wall Street types go to jail. We'll gladly live in a totalitarian society so long as we can punish these Wall Street evildoers!
Free-Market Analysis: If there is any single thing that shows Occupy Wall Street is a controlled opposition, the idea that its ideas resonate within weeks with the US Congress and the larger global power structure should at least give one pause.
OWS has called for a moratorium on student college loans. Now President Barack Obama is moving a bill through Congress to give students relief. OWS has called for mortgage relief and that's on its way, too. OWS has called for a transaction tax on Wall Street trades, and now THAT bill is being moved in Congress.
Watching OWS-types, the mainstream media and the political classes (under the control of Money Power) perform their elaborate dance is sort of amusing, or it would be if the consequences weren't so dire. Let's examine for a moment what a transaction will entail.
Basically, every firm of significance on Wall Street and presumably through the West will have to start keeping a log of trades. This means government and the Anglosphere power elites (who dominate trading anyway) will know everybody else's Book.
It's not enough that the elites control money. They have to have access to everybody's trade information as well. That way they can control markets even more than they do and reap even more money by front-running the market than they already do.
Not that they need money. That's not the real reason for a transaction tax. The real reason is CONTROL. If people think a transaction will stop with Wall Street, they're wrong. When the income tax came to America, the credulous middle classes were assured it would only target the wealthy. As it turned out, the wealthy pay few taxes and the middle classes increasingly are being thrown in jail for tax avoidance.
The arc of the transaction in our view will be predictable. First it will apply to Wall Street and then to all private traders. Soon the wealthy may have to begin to itemize their PURCHASES in order to pay a special tax on them, not just their trades. And so it will go.
At the very least, a transaction tax for America is the beginning of a back-door VAT – a value added tax of the sort that the elites have been aching to saddle the US middle class with. There can never be too many taxes, after all. The middle class is to be ground into dust with these taxes. Here's some more from the article:
"It's a significant way to raise some needed revenue," Harkin said in an interview today in Washington. "Quite frankly, I bet nobody would even feel it." The European Union in September proposed a financial- transaction tax that would take effect in 2014 and raise about $57 billion euros ($78 billion) a year. Germany and France have led a push for global implementation.
The bills are unlikely to become law: Republicans, who have opposed transaction taxes in the past, control a majority in the House. President Barack Obama's administration has also voiced concerns over the proposal and declined to give a direct endorsement in advance of the G-20 summit that opens Nov. 3. The chances a transaction tax could pass in the U.S. "are less than 50/50" primarily because of Republican opposition, Brian Gardner, senior vice president of research for Keefe, Bruyette & Woods Inc. in Washington, said in a Sept. 28 note to clients.
U.S. exchange operators fell the most since August on the news that the lawmakers would propose the tax. The exchanges would be negatively affected by the tax because "volume will drop off," Sam Ginzburg, a partner and head of capital markets at First New York Securities LLC, a New York-based proprietary trading firm, said today. "I shudder to think of the landscape of the market if this happens," Ginzburg said.
It is no coincidence that everything OWS's non-leader/leaders suggest, lawmakers in America, anyway, begin to act on. OWS is in this sense a kind of elaborate charade, a shadow play organized by the elites to implement their world-spanning agenda.
Conclusion: Fortunately, there is the Internet, which allows us to propose alternative viewpoints and point out elite agendas via "coincidences" that would not otherwise be made available. Cumulatively, these sorts of insights constitute a kind of Internet Reformation that is changing the complexion of the human hive mind. The Internet Reformation is a process not an episode.
There is somewhere between $700 million and $1 billion missing.
If you haven't yet heard, financial firm MF Global filed for bankruptcy. John Corzine, the ex Gov. of NJ, was chief of Goldman Sachs and left to run MF Global. There is somewhere between $700 million and $1 billion missing. However, there may be a 'deeper end' game being played out here.
Molly has zero expertise in this area however, below is a stunning article by Ann Barnhart who argues that the collapse of MF Global IS the beginning of a 'planned' crash of the entire financial system. For your own financial safety and future, please read her article & then, REPLY TO Molly your thoughts and she will pass them on.
Here’s what appears to be going on (based on Ann Barnharts below article).
1. This is the beginning of the end of the economic system orchestrated by what Ann Barnhart calls 'evil people' who want to consolidate power in their hands.
2. They are/will do this by collapsing the European economy first (a la Corzine's investments) and their bonds, then buying into them at pennies on the dollar and having the EU 'redeem' or prop them up.
3. The European 'strategy' however is but the beginning of the larger effort to drive out any 'smaller players' in the US market and then have the Obama administration along with the Goldman Sachs players who work/worked for Obama collapse the American economy so that they would be the 'last man standing' financially.
4. With the small financial entities now bankrupt, 'Mr. Big' players, including George Soros, after seeing the American dollar collapse, will then reissue 'new' money (via Executive Fiat) and in the Chaos, with people pleading for 'stability', then activate the 'bottom up', 'top down', 'inside out' Cloward & Piven collapse of the entire American system.
5. This economic catastrophe of the collapse of the US financial system will cause exactly what Obama and his backers have always had as their ultimate goal, the collapse of the American government and a call for 'stability', exactly what happened before Hitler came to power in 1932 and in Czechoslovakia because the people were starving in the streets and called for 'order'.
6. This will allow Obama to cancel elections after declaring martial law.
Nutshelling the MF Global Collapse
Posted by Ann Barnhardt – October 31, AD 2011 11:14 AM MST
Yes, I called it late last week and strongly urged MF customers to make a hasty exit stage right, but I absolutely did not see what happened this morning coming. This is utterly unprecedented. The Chicago Mercantile Exchange issued an email circular this morning (I received mine at 8:39 am MDT) stating that all MF Global positions were limited to LIQUIDATION ONLY and all MF employees and brokers and traders were banned from the floor of the exchange.
1. As I mentioned last week, MF Global came to its present form back in 2005 when the then-biggest clearing firm, Refco, imploded and was bought by EDF Man. The new, huge firm was then renamed MF Global. When Refco imploded in 2005, NOTHING like this happened. It was a relatively smooth transition, trading was not interrupted, and most of the Refco employees were absorbed into the new company. There was absolutely NO interruption of customer access to positions.
2. Shutting off access of customers to their floor brokers and limiting them to liquidation-only is UNPRECEDENTED. If a big account did not have multiple clearing relationships, the risk exposure this morning for those firms is terrifying to ponder. I did not see this coming. The whole industry is pretty much in shock.
3. Let's not forget that a whole lot of people have just lost their jobs. All of the MF clerks, back office staff, everyone who worked for MF on Friday is now unemployed this morning. Those people matter. John Corzine views them as meaningless economic units who exist only to serve him and advance his power and increase his personal wealth, but John Corzine is an evil sociopath who should be permanently removed from society and imprisoned for the rest of his life so that he can do no more damage. Fricking jackal.
4. Speaking of Corzine, more info is coming out in the bankruptcy filings. First, Corzine stands to reap a $12.1 million severance package / golden parachute per the bankruptcy filing. But that isn't the worst. Corzine was hired by MF less than two years ago. He promptly went about loading the company up on European bonds. That in and of itself is damning enough. Remember, Corzine is Goldman Sachs. He knew EXACTLY what was going on in Europe and he knew that European paper was junk. But guess which European countries he loaded up on? Greece, Portugal, Italy and Ireland. The four little PIIGs. Corzine intentionally drove MF into the ground so that someone, and my money is on Goldman Sachs, could come in and buy the remains for 30 cents on the dollar or less. Watch the news. Watch and see who ends up buying the remnants of MF. If it isn't Goldman outright, I'll bet it is a "holding company" that is tied to Goldman. As an astute commenter over at ZeroHedge.com said last night, it looks like Corzine never really stopped working for Goldman. He just moved his office into MF Global's suite.
5. And now, ONE MORE TIME regarding the financial industry regulators in this country. Guys, they are evil, corrupt and incompetent. The regulatory bodies are run by evil, evil people at the top who are complicit in these goings-on. There is NO POSSIBLE WAY that MF Global could have passed any honest audit with the amount of exposure it was carrying in the European bond market. By the way, MF Global's audit would have fallen under the jurisdiction and oversight of the Chicago Mercantile Exchange itself AND the Commodity Futures Trading Commission on the Federal level. It is just impossible that the CME and the CFTC didn't know MF's position and risk exposure all along. The second tier in these regulatory agencies are a combination of evil, greedy and incompetent bureaucrats who could very well be classified as "useful idiots" who will do anything, say anything, or overlook anything just so long as their salary check clears the bank every month. The third tier are full-blown useful idiots – and by that I mean totally, completely and astoundingly unqualified and incompetent "foot soldiers", many of whom are affirmative action hires. When things like this happen (and there are other examples of massive ponzi schemes being ignored in recent history, like the Sentinel Management Group fiasco) what these regulatory bodies do is lay the blame for "missing" the red flags at the foot of the affirmative action hires who are the on-site auditors and who are made to sign off on the audits. Do you see this? Do you see the evil we are dealing with here?
6. And now here is a paragraph that everyone in the financial industry, but most particularly the futures industry, should send viral. Every Introducing Broker and Futures Commission Merchant in the world is being targeted for extinction by the megabanks. They want you GONE. Goldman, Citi, JP Morgan, etc. They are working with and through the financial regulatory bodies and with the Federal Government via such legislation as Dodd-Frank to force out of business every FCM and fold all of that business into the megabanks. IBs like me are also a target, but we IBs are meaningless guppies compared to whale-sized FCMs.
Corzine was SENT into MF Global with the objective of collapsing it and rolling the remains into Goldman (presumably). And he was paid eight figures to do it, AND promised SEC TREAS after Geithner. If you had said six months ago that the largest FCM in the U.S. would be taken down, everyone would have laughed in your face, but here we sit. The only question is, who is next? How long will an FCM like ADM last before looking at Dodd-Frank and saying, "Screw this. We're selling our clearing operations and we'll just go back to straight-up product merchandizing." Why shouldn't they? If the FCM profit center is made impossible by the government and the corrupt regulatory bodies, why would they continue to operate an FCM? Why not sell to Goldman or one of the other megabank entites and then do their exchange-traded hedge business through them as a customer? When will the old Chicago boutique firms be similarly forced out, either through regulation that makes their business impossible, or through outright sabotage as with Corzine and MF? None of you FCMs are safe. THEY WILL COME AFTER YOU AT SOME POINT. You have been targeted for extermination. Either you wake up to this fact and expose these regulatory bodies, megabanks and the Federal Government and fight them, or you are going to end up like MF, being bought by Goldman or one of the other fascist government-connected megabanks for pennies on the dollar. You have been warned.
7. This MF Global collapse is a small-scale (yes, that's right, SMALL-SCALE) foretaste of what is going to happen to the entire system. When I say get your money out of the market, out of paper instruments, and turn it into something real that is physically located on your property, that you can then stand in front of with an assault rifle and physically defend, I'M NOT KIDDING.
**Just for the sake of clarity, I clear exclusively through Penson right now. I have previously cleared RCG, and worked in an RJO branch office which RJO purchased from LFG in 2000, before starting my IB in 2006. That is the extent of my FCM relationship history.
starting Monday Morning Off Right
Posted by Ann Barnhardt – October 31, AD 2011 10:08 AM MST http://www.barnhardt.biz