September 15th, 2015 by olddog
By Justin Raimondo
I heard it before I saw it: the horror in the voice of a TV anchor on the morning of September 11, 2001. As my father shook me awake – “Wake up, look at this!” – I shot straight up in my bed and beheld the scene unfolding on the television screen: a plane plowing straight into a skyscraper and coming out the other side, sheering off the top like Death wielding a scythe.
I had arrived in New York a few hours earlier on a plane from California, on the first leg of a trip to Serbia. I was slated to travel with a delegation of writers who had been invited to that recently-bombed country by the government of President Vojislav Kostunica, the liberal nationalist successor to the malevolent Slobodan Milosevic. As virtually the only visible opposition to Bill Clinton’s “humanitarian” crusade to establish the state of Kosovo – today the heroin and human trafficking capital of Europe – Antiwar.com was well known in Serbia, and I was looking forward to visiting the crime scene. But as I watched the drama of 9/11 unfold, I knew I wouldn’t be going anywhere.
As news of the attack on the Pentagon was broadcast by a clearly panicked newscaster a shock of pure fear ran up and down my spine. I recalled that the Indian Point nuclear power plant wasn’t all that far away: my father had worked there at some point in his career. I imagined that it probably wasn’t all that closely guarded – and the hair on my neck stood straight up.
Day One of the Long War was dawning.
In the days and months to come, a pall fell over the nation as the smoke emanating from the isle of Manhattan spread out and seemed to cover the whole country. People forget the atmosphere of those dark days: the war hysteria welling up in a collective spasm of fearful vituperation, seeking the closest target. Since Osama bin Laden and the hijackers weren’t available, this hate campaign was directed at anyone who dared question the narrative of a blameless and simon-pure America ambushed by demons.
To reference America’s longstanding occupation of great portions of the Middle East, and our government’s support for bloodthirsty tyrants, from Riyadh to Tel Aviv, was considered close to treason. The writer Susan Sontag was pilloried for registering the mildest dissent: led by the Bush administration’s intellectual bully-boy-in-chief, the writer Andrew Sullivan, a campaign was unleashed against anyone who opposed the neoconservative project of “draining the swamp” of the Middle East. Sullivan, you’ll recall, even went after some obscure poet whose poem he claimed had blasphemed the memory of 9/11 – a misreading he later acknowledged, but only after the damage had been done and the heretic had been defamed.
When the mysterious anthrax attacks showed up in the US mails, Sullivan fantasized that Iraq was behind it and demanded that we use nuclear weapons to attack Saddam Hussein. And around the same time the Bush administration began tying Iraq to 9/11, falsely implying that the Iraqis had been in league with Osama bin Laden and the hijackers: the march to war was on, and anyone who opposed it was fair game for the witch-hunters. “You’re either with us,”declaimed President Bush, “or you’re with the terrorists.”
It was open season on anyone who questioned the war plans of the administration and the Thought Police did not neglect us here at Antiwar.com: in the weeks and months after 9/11 we received hundreds of death threats. Sullivan and the crazed Stephen Schwartz tried to link us to Ismail Royer, arrested on charges of violating the Neutrality Act. Schwartz’s publisher, David Horowitz, ran a series of articles attacking myself and Antiwar.com as being little short of Al Qaeda supporters: one piece memorablyfantasized that a second 9/11 would see me put up against a wall and shot. Around the same time the FBI started an investigation of myself, our webmaster Eric Garris, and Antiwar.com based on the supposition that we are “agents of a foreign power.”
Fast forward to September, 2015: Dick Cheney is addressing the American Enterprise Institute, railing against the historic deal with Iran that short-circuited a war the former Vice President and his neoconservative supporters had been demanding since the days of the Bush administration. Cheney, whose office was the epicenter of a cabal that lied us into war in Iraq, broadcasting “intelligence” that turned out to be entirely fabricated, was up there predicting that an Iranian nuclear attack on the United States would be the fruit of the Iran deal. It was a deja-vu moment: the same lies, the same fearmongering, the same scam, the same audience of assembled neocons cheering him on – the difference being that the target is now Tehran instead of Baghdad.
Yet something else was different: the country was no longer in the throes of the post-9/11 syndrome. The Long War – still ongoing after all these years – had exhausted the country, and the lies that led to the invasion and conquest of Iraq had been exposed. The consequences of that disastrous war were spilling out into the headlines even as Cheney spoke: ISIS, the mutant offspring of Al Qaeda, was overrunning the Middle East, and chaos was enveloping the whole region. The architects of the neoconservative project had been discredited, and driven from office if not from public life. From the height of his power during the Bush years, when wags spoke of the “Cheney administration,” the former Vice President had been reduced to the least popular politician in the country, a Darth Vader-like figure often mocked on late nightcomedy shows.
Most importantly, the dissenters were no longer underground. The reign of terror presided over by the neocons had receded, and the opposition had emerged from the catacombs years ago, living to fight another day – with a significant degree of success. Instead of fearfully lying low, anti-interventionists of every political stripe had unfurled their banners and launched a counterattack. And one of them arose in the midst of Cheney’s speech – a young woman affiliated with the antiwar group Code Pink named Michaela Anang – and, unfurling a banner, demanded to know “Why is anyone listening to him?”
Security immediately surrounded her and escorted her out of the building as she shouted “Stop the warmongering!” – but before they dragged her out someone in the audience grabbed her banner and tried to pull it out of her hands. She resisted and a tug of war ensued. The man gripped the cloth banner and yanked at it while Michaela stood there steadfastly resisting him, seemingly without exerting much effort, until he finally gave up and collapsed in a heap, falling back in his chair.
The defeated man is no random person: his name is Patrick Clawson and he’s the research director of the Washington Institute for Near East Policy (WINEP), aspin-off of the American Israel Public Affairs Committee (AIPAC), the premier lobbying powerhouse that acts as Israel’s agent in Washington. Like many neocons, Clawson is a former Trotskyistwho decided giving up class war for the War Party was a clever career move. He was a key player in the propaganda barrage that preceded the Iraq war and afervent supporter of Ahmed Chalabi and his fellow “heroes in error.” And as a loyal shill for the government of Israeli Prime Minister Benjamin Netanyahu, Clawson has been a fanatical advocate of war with Iran. At a 2012 WINEP conference on “How to Build US-Israeli Coordination on Preventing an Iranian Nuclear Breakout,” Clawson responded to a question from the audience on what the US should do if the negotiations with Iran failed:
“Crisis initiation is really tough. It’s very hard for me to see how the United States President can get us to war with Iran.
“The traditional way America gets to war is what would be best for US interests. Some people might think that Mister Roosevelt wanted to get us into World War II. You might recall that we had to wait for Pearl Harbor. Some people might think that Mister Wilson wanted to get us into World War I. You may recall that we had to wait for the Lusitania episode. Some people might think that Mister Johnson wanted to send troops into Viet Nam. You may recall that we had to wait for the Gulf of Tonkin episode. We didn’t go to war with Spain until the Maine exploded. May I point out that Mister Lincoln did not feel he could call out the federal army until Fort Sumter was attacked, which is why he ordered the commander at Fort Sumter to do exactly that thing that the South Carolinians said would cause an attack.
“So, if, in fact, the Iranians aren’t going to compromise, it would be best if somebody else started the war… We could step up the pressure… We are in the game of using covert means against the Iranians. We could get nastier at that.”
Nasty enough to create another Gulf of Tonkin fraud– a false flag incident that would serve as justification for an attack on Iran? While Clawson hurriedly and somewhat unconvincingly said “I’m not advocating that,” he clearly was advocating exactly that – and perhaps suggesting that his Israeli sponsors might be up to the job.
Yes, “crisis initiation is really tough,” but where there’s a will there’s a way. Except it’s getting harder for Clawson and his fellow neocons to pull this off: people are on to their game. As if to underscore the neocons’ lack of political heft, Clawson couldn’t even pull that protest banner out of the hands of a woman half his size: he just collapsed, humiliated, as he fell into his seat rubbing his injured hand.
Furthermore, Michaela Anang’s message – “Why is anybody listening to this man?” – is getting out there, because the truth is that hardly anybody is listening to Cheney. The supreme irony is that even as Cheney spoke the remaining on-the-fence Senators were announcing their support for the Iran deal, giving the administration a veto-proof majority.
Not that this stopped the neocons: indeed, they accelerated their efforts, supposedly aimed at stopping the deal, with a move by the misnamed “Freedom Caucus” in the GOP congressional ranks to delay the Iran deal vote. The Republican leadership had been planning such a vote but this was nixed by the Freedom Caucusers, who came up with a complicated three-part plan, involving three separate votes. The first would be on a resolution declaring that the President and his State Department have not revealed the full text of the Iran deal, and that because they are hiding the “secret” “side agreements,” the deal is illegitimate. The second would be on a bill forbidding the lifting of sanctions. The third would be a vote on a resolution approving the deal, with the GOP majority poised to vote it down.
The first phase of this three-parter is the crucial one: as Max Fisher points out over at Vox, this would give the Republicans an ongoing issue with which to infatuate talk radio habitués and the GOP base. And, as per usual with this crowd, their contention has nothing to do with reality. The “secret side agreement” is the IAEA’s arrangements with Iran, which the US is not a party to, involving purely technical details. The IAEA has a similar “secret” agreement with the US, and indeed all parties to the Nonproliferation Treaty, and it is “secret” for the simple reason that countries with nuclear programs – especially the United States, for one – don’t want to advertise the details to the world.
Members of Congress who haven’t always gone along with the War Party’s agenda, and yet don’t want to incur their wrath, are using this pretext as a cover for their complete capitulation to the neocons’ anti-Iran jihad. Rep. Justin Amash pretends to fall for the “secret side deal” canard, but his rationalization is transparently false, as one can see by carefullyreading Amash’s argument:
“The Review Act requires the president to submit to Congress the text of any nuclear deal reached with Iran. Submission of the nuclear deal triggers a period of review for Congress to analyze the agreement – a period during which the president is prohibited from taking any actions to lift statutory sanctions.
“The precise language of the Review Act recognizes that a comprehensive nuclear deal includes many separate components, and that for members of Congress to accurately assess the merits of the agreement, Congress must have access to all portions of the agreement. Thus, the Review Act carefully defines ‘agreement’ to include ‘annexes, appendices, codicils, side agreements, implementing materials, documents, and guidance, technical or other understandings, and any related agreements.’
“We now know that there are at least two side agreements between Iran and the International Atomic Energy Agency (IAEA) that are integral to the nuclear deal but nevertheless will not be shared with Congress.”
The IAEA’s agreement with Iran is secret, including from the United States. As the international arbiter enforcing the terms of the Nonproliferation Treaty, the IAEA isn’t an American sock puppet: it is a neutral observer and its agreements with member states regarding the details of inspections and other technical matters are confidential. The administration can’t hand over documents to which it has no access.
Yes, the Review Act states that documents dealing with agreements made “between Iran and any other parties” must be made public by the administration, and yet Congress has no authority over the IAEA – unless Amash is arguing that congressional authority has to be extended to Vienna in order for the Iran deal to pass “constitutional” muster.
Hiding behind the skirts of the Constitution – or what they interpret as the intent of the Constitution – is a typical maneuver practiced by the Rand Paul wing of the ostensibly “libertarian” movement in order to explain away their total capitulation to the War Party. Amash’s non-explanation is reminiscent of Rand Paul’s supremely stupid legislation demanding that Congress issue a formal declaration of war against ISIS – as if clothing an invasion of yet another Middle Eastern country in “constitutional” clothing would somehow make it more palatable to libertarians.
Amash goes on and on, trying to put his vote in a “constitutional” framework, but ultimately winds up borrowing a line from none other than Donald Trump, declaring:
“Finally, even if we set aside the constitutional defects and related consequences discussed above, it is unconscionable that the Obama administration would negotiate a final agreement that does not secure the release of the three American hostages held in Iran – Saeed Abedini, Amir Hekmati, and Jason Rezaian – or information on the whereabouts of a former FBI agent abducted in Iran, Robert Levinson. The nuclear deal provides Iran access to billions of dollars in unfrozen assets and the almost immediate removal of major U.S. and international economic sanctions on Iran’s financial and energy sectors, followed by the termination of most nuclear-related sanctions on Iran in just a few years. If Iran is unwilling to return American hostages to their families as part of this agreement, then we cannot trust that Iran will act in good faith as sanctions are lifted.”
What this tells us is that Amash never did have an “open mind,” as he claims, regarding the Iran deal, because any serious student of the US-Iran negotiations, or diplomacy in general, knows that when it comes to bridging the gap between longtime adversaries only narrowing the framework of any agreement will lead to a successful conclusion. The release of the three people being held in Iran has nothing whatsoever to do with making sure Iran doesn’t develop nuclear weapons, and it is simply silly (in a Trumpish sort of way) to assert that failure to release them shows “we cannot trust that Iran will act in good faith as sanctions are lifted.” If Amash and his phony “Freedom Caucus” buddies are going to demand this, then why not include a demand that the Iranians free all their political prisoners, institute complete religious freedom, and give every oppressed Iranian a pony?
Amash is tired of fighting his own party: he recently survived a tough primary fight in the course of which his neocon-funded opponent accused him of being “Al Qaeda’s best friend.” And in spite of his pretensions, Amash is no Ron Paul – he doesn’t want to be the only Republican congressman to buck the neoconservative tide on this issue. If he thinks the neocons will let up on him because of his opposition to the Iran deal he had better think again, but I emphasize his pitiful capitulation in order to make a larger point.
The continuation of the neocon campaign against the Iran deal in spite of the fact that the deal will go through anyway has a purpose, one which includes cementing neoconservative control of the GOP. The Republican party is, today, an agent of a foreign power; it is the party of Benjamin Netanyahu. This was formalized when House Speaker John Boehnerinvited Bibi to undermine the Iran agreement in a speech to Congress, an invitation extended behind the President’s back. Not since the heyday of the cold war, when the Communist Party USA functioned openly as Moscow’s instrument, has an American political party bended its knee so brazenly to an overseas master. The battle over the Iran deal has effectively eliminated whatever reluctance some GOPers had to becoming Bibi’s congressional handmaidens. If the Iran deal confirms that Congress is no longer “Israeli-occupied territory,” as Pat Buchanan once put it, then its Republican component is now the political arm of the IDF.
Patrick Clawson and his crowd have lost the tug-of-war with the pro-American faction of the foreign policy establishment: that’s the significance of the Iran deal, and its importance should not be underestimated. This is a tipping point, a real sea-change – but the neocons never give up, and they never give an inch. We underestimate them at our peril.
It’s now fourteen years after 9/11, and the War Party’s momentum has been slowed, albeit not entirely halted. But this is no time for complacency. What they are counting on is their staying power within the GOP, and their many connections in the Democratic party – including their influence over Hillary Clinton, whose recent speech on the Iran deal was framed in terms of her total allegiance to Israel. She pledged a ramped-up US military presence in the immediate vicinity of Iran, perhaps giving Clawson new hope that another Gulf of Tonkin is in the works. He lost the tug-of-war with that protester, but don’t think he and his comrades will stop trying to pull the country their way.
A “Thank you!” Note: I want to thank all of our many readers who gave to the fundraising campaign this time around. Yes, we finally made it – and it’s all because of our faithful readers and supporters, who have stood by us through thick and thin. We here at Antiwar.com are working day and night to give you the best coverage of US foreign policy – and its horrific consequences – on the Internet. We report the news and we offer opinion: the first a guide to what is going on – what is really going on – and the second a guide to what we ought to do about it. We educate so you can be active in the worldwide movement for a more peaceful world. We aren’t just making the case for a noninterventionist foreign policy is abstract terms: we are educating the public in order to make peace a reality. Your tax-deductible donations make that possible. So thank you, again: I am personally dedicated to earning your support every time I sit down at my computer and start another column.
This is a syndicated repost courtesy of Antiwar.com Original. To view original, click here.
September 14th, 2015 by olddog
By Porter Stansberry
For many years now, it’s been clear that China would soon be pulling the strings in the U.S. financial system.
In 2015, the American people owe the Chinese government nearly $1.5 trillion.
I know big numbers don’t mean much to most people, but keep in mind… this tab is now hundreds of billions of dollars more than what the U.S. government collects in ALL income taxes (both corporate and individual) each year. It’s basically a sum we can never, ever hope to repay – at least, not by normal means.
Of course, the Chinese aren’t stupid. They realize we are both trapped.
We are stuck with an enormous debt we can never realistically repay… And the Chinese are trapped with an outstanding loan they can neither get rid of, nor hope to collect. So the Chinese government is now taking a secret and somewhat radical approach.
China has recently put into place a covert plan to get back as much of its money as possible – by extracting colossal sums from both the United States government and ordinary citizens, like you and me.
The Chinese “State Administration of Foreign Exchange” (SAFE) is now engaged in a full-fledged currency war with the United States. The ultimate goal – as the Chinese have publicly stated – is to create a new dominant world currency, dislodge the U.S. dollar from its current reserve role, and recover as much of the $1.5 trillion the U.S. government has borrowed as possible.
Lucky for us, we know what’s going to happen. And we even have a pretty good idea of how it will all unfold. How do we know so much? Well, this isn’t the first time the U.S. has tried to stiff its foreign creditors.
Most Americans probably don’t remember this, but our last big currency war took place in the 1960s. Back then, French President Charles de Gaulle denounced the U.S. government’s policy of printing overvalued U.S. dollars to pay for its trade deficits… which allowed U.S. companies to buy European assets with dollars that were artificially held up in value by a gold peg that was nothing more than an accounting fiction. So de Gaulle took action…
In 1965, he took $150 million of his country’s dollar reserves and redeemed the paper currency for U.S. gold from Ft. Knox. De Gaulle even offered to send the French Navy to escort the gold back to France. Today, this gold is worth about $12 billion.
Keep in mind… this occurred during a time when foreign governments could legally redeem their paper dollars for gold, but U.S. citizens could not.
And France was not the only nation to do this… Spain soon redeemed $60 million of U.S. dollar reserves for gold, and many other nations followed suit. By March 1968, gold was flowing out of the United States at an alarming rate.
By 1950, U.S. depositories held more gold than had ever been assembled in one place in world history (roughly 702 million ounces). But to manipulate our currency, the U.S. government was willing to give away more than half of the country’s gold.
It’s estimated that during the 1950s and early 1970s, we essentially gave away about two-thirds of our nation’s gold reserves… around 400 million ounces… all because the U.S. government was trying to defend the U.S. dollar at a fixed rate of $35 per ounce of gold.
In short, we gave away 400 million ounces of gold and got $14 billion in exchange. Today, that same gold would be worth $620 billion… a 4,330% difference.
Incredibly stupid, wouldn’t you agree? This blunder cost the U.S. much of its gold hoard.
When the history books are finally written, this chapter will go down as one of our nation’s most incompetent political blunders. Of course, as is typical with politicians, they managed to make a bad situation even worse…
The root cause of the weakness in the U.S. dollar was easy to understand. Americans were consuming far more than they were producing. You could see this by looking at our government’s annual deficits, which were larger than ever and growing… thanks to the gigantic new welfare programs and the Vietnam “police action.” You could also see this by looking at our trade deficit, which continued to get bigger and bigger, forecasting a dramatic drop (eventually) in the value of the U.S. dollar.
Of course, economic realities are never foremost on the minds of politicians – especially not Richard Nixon’s. On August 15, 1971, he went on live television before the most popular show in America (Bonanza) and announced a new plan…
The U.S. gold window would close effective immediately – and no nation or individual anywhere in the world would be allowed to exchange U.S. dollars for gold. The president announced a 10% surtax on ALL imports!
Such tariffs never accomplish much in terms of actually altering the balance of trade, as our trading partners simply put matching charges on our exports. So what actually happens is just less trade overall, which slows the whole global economy, making the impact of inflation worse.
Of course, Nixon pitched these moves as patriotic, saying: “I am determined that the American dollar must never again be a hostage in the hands of international speculators.”
The “sheeple” cheered, as they always do whenever something is done to “stop the speculators.” But the joke was on them. Within two years, America was in its worst recession since WWII… with an oil crisis, skyrocketing unemployment, a 30% drop in the stock market, and soaring inflation. Instead of becoming richer, millions of Americans got a lot poorer, practically overnight.
And that brings us to today…
Roughly 40 years later, the United States is in the middle of another currency war. But this time, our main adversary is not Europe. It’s China. And this time, the situation is far more serious. Our nation and our economy are already in an extremely fragile state. In the 1960s, the American economy was growing rapidly, with decades of expansion still to come. That’s not the case today.
This new currency war with China will wreak absolute havoc on the lives of millions of ordinary Americans, much sooner than most people think. It’s critical over the next few years for you to understand exactly what the Chinese are doing, why they are doing it, and the near-certain outcome.
Editor’s note: Our colleague Matt Badiali just published a presentation explaining China’s plan to increase its power and damage the U.S. If Matt’s predictions are right, millions of Americans will be completely unprepared when China makes its announcements. Stock markets and currency markets could crash overnight.
To learn what this means for you… why he’s certain this rumor is true… and how to prepare – and profit – from this situation, be sure to watch Matt’s brand-new presentation. Learn more here.
September 12th, 2015 by olddog
U.S. President Barack Obama waves as he walks from the Oval Office of the White House in Washington before their departure September 9, 2015.
BY JULIA EDWARDS
President Barack Obama has directed his administration to prepare to take in at least 10,000 Syrian refugees over the next year, the White House said on Thursday.
It is the first specific commitment the United States has made toward increasing its acceptance of refugees from the war-torn country.
Since the start of the Syrian civil war in 2011, the United States has taken in 1,500 refugees, with 300 more expected to be cleared by October.
But refugee advocates and some members of Congress said taking in an additional 10,000 refugees did not go far enough toward addressing the humanitarian crisis triggered by the war, which has prompted a massive refugee influx into Europe.
In a letter distributed to House members and seen by Reuters, Democratic Representative David Cicilline asked Obama to accommodate 65,000 Syrian refugees by the end of 2016. Religious groups have called for the United States to accept 100,000 Syrian refugees.
European countries have taken in waves of migrants fleeing violence. Germany allowed 20,000 migrants into the country over the weekend and is preparing for 800,000 this year.
Melanie Nezer, vice president of HIAS, a global refugee advocacy group, said that for the United States to allow 10,000 more refugees from Syria was not an adequate response to the crisis.
“This is totally within the realm of what the current system on autopilot could do. This is not time for autopilot. This is time to really ramp things up,” said Nezer.
The United States is conducting air strikes in Syria as part of its effort to fight against Islamic State. It currently admits a total of 70,000 refugees from around the world annually, and is due to increase that total by 5,000 for the fiscal year starting in October.
White House spokesman Josh Earnest would not say whether the 10,000 Syrians would be a part of or in addition to that total.
Earnest said national security was a top concern for admitting Syrians, a country rife with anti-American militants, noting that intensive security screening for refugees could take up to 18 months.
“I do feel confident in telling you that the president will not sign off on a process that cuts corners when it comes to the basic safety and security of the American people and the U.S. homeland,” Earnest told reporters.
The additional background checks and processing will require a “significant financial commitment” from Congress, Earnest said.
Secretary of State John Kerry met with the Senate Judiciary Committee on Wednesday, a requirement before the administration can change the number of refugees allowed. Committee Chair Chuck Grassley said he welcomed the additional 10,000 but that Kerry was not clear about whether additional refugees would be allowed later.
“Secretary Kerry initially said that the Obama administration is seeking a reasonable increase in refugees allowed into the United States in the upcoming fiscal year. But when pressed, the administration indicated that they were considering opening the floodgates and using emergency authority to go above what they proposed to Congress in today’s consultation,” the Republican lawmaker said in a statement.
Congress cannot block the administration from setting limits on the number of refugees it admits from each region. But it can block funding needed for staffing agencies such as the Department of Homeland Security and the Department of Health and Human Services that handle the screening and resettlement procedures.
(Reporting by Julia Edwards; Additional reporting by Patricia Zengerle, Richard Cowan andLisa Lambert; Editing by Bernard Orr, Peter Cooney and Ken Wills)
September 11th, 2015 by olddog
Two disturbing developments have occurred in the last couple of days that have gone relatively unnoticed compared to the recent IRS, AP, and Benghazi scandals.
First, the senate is debating an expansion of the already broad powers of the 2001 Authorization to Use Military Force (AUMF) so the U.S. can essentially engage any area in the world in the war on terror, including America. Which brings us to the second development: the Pentagon has recently granted itself police powers on American soil.
Assistant Secretary of Defense Michael Sheehan told Congress yesterday that the AUMF authorized the US military to operate on a worldwide battlefield from Boston to Pakistan. Sheehan emphasized that the Administration is authorized to put boots on the ground wherever the enemy chooses to base themselves, essentially ignoring the declaration of war clause in the US Constitution.
Senator Angus King said this interpretation of the AUMF is a “nullity” to the Constitution because it ignores Congress’ role to declare war. King called it the “most astoundingly disturbing hearing” he’s been to in the Senate.
Even ultra-hawk John McCain agreed that the AUMF has gone way beyond its authority.
“This authority … has grown way out of proportion and is no longer applicable to the conditions that prevailed, that motivated the United States Congress to pass the authorization for the use of military force that we did in 2001,” McCain said.
Glenn Greenwald wrote an excellent piece describing how this hearing reveals the not-so-secret plan to make the war on terror a permanent fixture in Western society.
It is hard to resist the conclusion that this war has no purpose other than its own eternal perpetuation. This war is not a means to any end but rather is the end in itself. Not only is it the end itself, but it is also its own fuel: it is precisely this endless war – justified in the name of stopping the threat of terrorism – that is the single greatest cause of that threat.
A self-perpetuating permanent war against a shadowy indefinable enemy appears to be the future of American foreign policy. How convenient for the war machine and tyrants who claim surveillance is safety.
But perhaps most disturbing of all of this is the military’s authority to police American streets as if it was in civil war. For all those still in denial that America is a militarized police state, this should be the ultimate cure to your delusion.
Jeff Morey of AlterNet writes:
By making a few subtle changes to a regulation in the U.S. Code titled “Defense Support of Civilian Law Enforcement Agencies” the military has quietly granted itself the ability to police the streets without obtaining prior local or state consent, upending a precedent that has been in place for more than two centuries.
The most objectionable aspect of the regulatory change is the inclusion of vague language that permits military intervention in the event of “civil disturbances.” According to the rule: “Federal military commanders have the authority, in extraordinary emergency circumstances where prior authorization by the President is impossible and duly constituted local authorities are unable to control the situation, to engage temporarily in activities that are necessary to quell large-scale, unexpected civil disturbances.”
A law from 1878 called the Posse Comitatus Act was put in place to prevent the Department of Defense from interfering with local law enforcement. But now, the DoD claims they’ve had this authority for over 100 years.
“The authorization has been around over 100 years; it’s not a new authority. It’s been there but it hasn’t been exercised. This is a carryover of domestic policy,” said an unnamed defense official who also emphasized that all soldiers take an oath to defend the Constitution against all enemies “foreign and domestic” indicating that citizens are a threat to the Constitution. How about (COULD BE A THREAT INSTEAD?)
Yet, the Constitution is a document that polices the government, not the people. In other words, the only people who can be “enemies” of the Constitution are those who took an oath to defend it. Therefore, only government officials can be an enemy the Constitution.
This follows a recent West Point study that sought to define the American people as “domestic enemies” in order to justify soldiers breaking their oath to corral pesky citizens.
The West Point Terrorism Center wrote that “conspiracy theorists” who worry that local law enforcement will be steadily replaced by federally-controlled law enforcement could potentially be a domestic enemy:
Some groups are driven by a strong conviction that the American political system and its proxies were hijacked by external forces interested in promoting a “New World Order,” (NWO) in which the United States will be embedded in the UN or another version of global government. The NWO will be advanced, they believe, via steady transition of powers from local to federal law-enforcement agencies, i.e., the transformation of local police and law-enforcement agencies into a federally controlled “National Police” agency that will in turn merge with a “Multi-National Peace Keeping Force.” The latter deployment on US soil will be justified via a domestic campaign implemented by interested parties that will emphasize American society’s deficiencies and US government incompetency.
So, as the US military claims to have the authority to be a “National Police” force, researchers who claim there is an agenda to do just that are now labeled as domestic terrorists?
Does this make any sense? Will oath takers see through these ridiculous interpretations and engage the real domestic enemy to the Constitution? Or will they just follow orders when the time comes to crack down on Americans?
How long can you continue denying that our government is OUR ENEMY?
They have it ass-backwards folks!
September 11th, 2015 by olddog
This article was written by Tom Chatham and originally published at Project Chesapeake
What does it take to make you sit up and take notice of the problems surrounding society today? What will it take to make you respond to the many crises taking place today? You have eyes so you can see and ears so you can hear but for many people any negative news is a reason to tune out the world and only think good thoughts.
The problems we face continue to pile up and doing nothing is not an option if you expect to survive the next few years in tact. Prior planning and execution of a plan is now required to stay out of the flood zone when the dam breaks and everyone starts to drown. It does not matter what kind of person you are. You have to be able to save yourself before you have the ability to help others including your own family.
You cannot protect your family if you cannot protect yourself from dangerous situations or people. You cannot protect your family if you are too weak from lack of water or food to get others to safety. You cannot protect your family from the elements if you have no cover for them due to sudden loss of your shelter.
You have car insurance just in case you have an automobile accident. You have health insurance just in case you get sick. You have life insurance to help your family just in case you die. You have homeowners insurance just in case your home is destroyed. There is unemployment insurance just in case you lose your job.
So where is your food insurance just in case you cannot find any food in the store? Where is your personal protection insurance just in case you are threatened and cannot depend on the police? Where is your water insurance just in case your water supply is shut off or becomes contaminated? Where is your communication insurance just in case the power is out and normal systems do not work? Where is your energy insurance just in case energy supplies are cut off and you need to drive to safety, cook your food or stay warm?
People think that the types of insurance for cars, health, home and life are just fine to have but the other ones listed are crazy and paranoid to think about. Even in the first case, your insurance policies depend on other people to fulfill them and those people depend on a system that is still functioning such as the banks, communications and the insurance company itself. So what happens to all those other types of insurance when the insurers themselves are no longer functioning. Any crisis that takes down the stock market, power grid or the banks will also take down all of the insurance companies.
The events of the past few weeks should have been a warning shot across the bow for many. Our financial and distribution systems are in a delicate balancing act right now and any sudden shifts could send them tumbling off the cliff rendering the services they perform extinct in a matter of hours. When that happens it will be too late to think about what you should have done when you still had the opportunity.
You cannot get your money out of the bank after the doors are shut, the ATM is empty and the POS systems are no longer working. You cannot get the food you need after the stores have been cleaned out and the distribution system has stopped functioning. You cannot get fuel for your car after the gas stations are empty and deliveries have been suspended. You cannot get police help when everyone calls 911 at the same time and most of the police have gone home to protect their own families.
If your alarm bells have not gone off already what will it take for you to realize you are in serious trouble? When that finally happens what do you plan to do to protect and care for your family? Having no plan means having a plan to suffer and persist through unpleasant situations for no good reason. Not knowing something is excusable but you have been warned many times in the past few years and to have to suffer in the future because you did not know what was coming is no longer an excuse. Failure to prepare at this time will not only cost you but it will likely put an unnecessary burden on those that will have to help you in the future.
The warnings continue to go out. The situation continues to deteriorate. The mass of humanity continues to go about its normal daily business. The Earth continues to rotate with no chance of going back from here. The early warning alarms have sounded advising people to take a defensive stance just in case. Do you hear the alarms yet or have you hit the snooze button for a few more minutes of sleep?
Folks if you continue to refuse participation in the educate America effort; you are undeserving of your citizenship. All you have to do is recommend articles to your friends and family, and have the courage to put up with their resistance to abandon their entertainment. America as we knew it is on the edge of total destruction and no one seems to give a shit. Go Figure!
September 10th, 2015 by olddog
There have been a serious of recent revelations which should concern Americans who desire to keep living their lives outside the perimeter of a FEMA Camp, or worse.
Red List Documents That Have Your Name On Them
Lisa Haven recently uncovered this report, which is over a year old and she summarizes the report in the following video.
Lisa Have is an excellent reporter who does not get enough credit for her fine work. With regard to the following, she is to be commended for this stunning revelation which makes it clear that George W. Bush’s previous admonition which stated that “You are either with us or with the terrorists” was indeed a portend of things to come.
Steve Quayle has often spoken of a “Red List” in which those considered most dangerous to the authority structure, legitimate, or not, will be dealt with in swift and severe terms. As Lisa pointed out in the video, this is why your every “google”, cell phone conversation and online reading material has become of supreme importance. A firm and irrevocable decision on whether you will live or die, under the NWO, is being determined as I write these words.
Lisa Haven does an excellent job of linking these draconian surveillance and categorization polices are, there have been other reports that point to the same variables that will come into play. Therefore, as good, and as shocking is Lisa’s work here, there are other warning signs which goes further and talks about what will happen after the implementation of martial law.
Many Documents and Practices Leading to the Same Place
Below is a very small sample size of the tyranny which has been codified and will be used against the American people:
Executive Order 13603provides for the nationalization of every resource in the country from all food, to all water, to all manufacturing, transportation, etc. In fact EO 13603 promotes the use of slave labor under the authority of the Secretary of the Labor at the behest of the President.
A high “Threat Martix Score” can lead one to be placed on the proverbial “Red List”. From my confidential sources. I have learned that there is a 16 dimensional rating of every American. Each of the 16 domains has an individual score and a combined aggregate score. Known associates is one of the domains and it is very concerning and it works like this: If Dave Hodges takes his family to the XYZ restaurant, the GPS in your phone/car notes the destination. On the same night, and unknown to Dave Hodges, Doug and Joe Hagmann visit the same restaurant, and as a result, our collective threat matrix score in the “Known Associates” domain climbs exponentially. And on the same night, Steve Quayle takes his family to the very same restaurant and subsequently, all three principals, move to the top of the list. The system notes the pre-crime potential for the three men to be planning acts of terrorism against the banker controlled government. This conclusion is reached without the involvement of a human analyst and without one shred of concrete evidence. This system of surveillance which would make the East German Stasi turn green with envy.
Further, this system also rates your internet browsing history. Even if you only visit Steve Quayle’s website out of curiosity, you will receive the same Red List rating whether you believe a word of what you read on this site. The amount of time on a site is also scored and factors into your Red List rating. You may review a previous article I have written on some of the ancillary support facilities and organizations which service this totalitarian system of surveillance.
The NDAA is threat to all Americans. Based solely on the say-so of the President, or his designees, you can simply disappear. There will be no trial, no “one phone call” and nobody will know where you are being held, or if you are even alive
If you are new to the subject of tyranny in America and have not heard of this, I would suggest starting here. When you are finished reading, ask yourself, why a government that has an established Constitution and a Republic form of representative form of government, would need such a law? If the government catches a terrorist, our court system is more than able to deal with the associated crimes. However, this law is not designed for terrorists, it is designed for you and because of your high threat matrix score.
Every American should fear and be angered by FM 3-39.40 Internment and Resettlement Operations (PDF). The document was originally to be kept secret, but everyone in the military command structure, as we know, is not on board with the encroaching tyranny sweeping across this country.
There are two terms which should concern you, namely, Internment and Resettlement (I/R). As if this needs any further elaboration, the two terms simply mean that you will be snatched from your home and sent to a detention camp for an undetermined period of time and treated in a manner which will not be defined by any law. This document describes Jade Helm 15 very accurately. It also serves to complement the work of Lisa Haven.
This document is the manifestation of the NDAA’s indefinite detention. The document describes the make up of the FEMA camps down to the fact that they will eventually be manned and managed by foreign troops, and some of you thought there were no Russians on American soil.
All of America’s firewalls have been breached. The American people, in order to escape this well-planned tyrannical future, have no options left except to acquiesce or fight. Our vote is meaningless and even if voting fraud was not rampant, we are forced to select from the list of candidates offered by the elite. Under this system, nothing will and can change.
For novice Patriot, please spend some time reading and checking facts. When you do, you will start to sound like Quayle, Hagmann and Hodges et al. At that point, there will be turning back. There is is indeed light at the end of this tyrannical tunnel. It is the headlights of the globalist training heading directly for you and your family.
September 9th, 2015 by olddog
by Bloomberg Business
Maria Levitov at Bloomberg
Emerging-market currencies weakened to an all-time low and stocks fell as investors grappled with the prospect of higher U.S. interest rates. Malaysia’s ringgit tumbled to a 17-year low and a bomb attack in Turkey sent the lira plunging to a record.
A gauge tracking 20 developing-nation currencies declined for a fifth straight day, losing 0.5 percent, as the ringgit depreciated 1.6 percent and the lira slid 0.7 percent. Investors have dumped riskier assets since China’s shock devaluation almost a month ago worsened the outlook for trade with the world’s second-largest economy, while also making a Federal Reserve interest-rate increase this month less certain.
“The momentum remains weak ahead of the Fed meeting” Sept. 16-17, said Martial Godet, the head of Europe and emerging-market equities and derivatives strategy at BNP Paribas SA in Paris, who recommends avoiding energy and commodity producers, while focusing on Taiwan, South Korea, Poland and, for those prone to taking risk, China. “With most markets already losing money in 2015, the appetite for risk is low.”
While small-cap stocks in Shanghai rose after a People’s Bank of China official said the rout that wiped out $5 trillion of the nation’s equities was nearing an end, China’s biggest companies plunged on speculation state-backed funds had stopped buying. The Borsa Istanbul 100 Index retreated for a second day as President Recep Tayyip Erdogan vowed to escalate the government’s campaign against Kurdish separatists after a roadside bomb killed Turkish soldiers. In Mexico, food company Grupo Lala SAB led gains on the benchmark IPC index, which closed little changed.
The MSCI Emerging Markets Index decreased 1.3 percent to 778.18 on Monday, pushing its price-to-earnings ratio for the next 12 months to 10.3 times, a 31 percent discount to developed-country stocks on the MSCI World Index. The 2.8 percent slump in the Karachi Stock Exchange KSE100 Index led declines in emerging markets, while shares in Saudi Arabia, Nigeria and Kuwait gained at least 0.8 percent. Trading in Brazil, Canada and the U.S. was closed for holidays.
Colombian lender Banco Davivienda SA led gains among members of the MSCI Latin America index, rising 2.5 percent. Its compatriot, state-controlled oil company Ecopetrol SA, posted the biggest loss as the price of crude fell.
The odds that the Fed will raise rates for the first time since 2006 this month rose to 32 percent Monday from 30 percent Friday after a report showed U.S. unemployment fell to the lowest level since April 2008. The likelihood was 48 percent Aug. 10, the day before the yuan devaluation.
“While concerns over the Fed rate can lead to outflows from emerging markets, the sooner they do it the better as it will remove huge uncertainties,” said Jeffrosenberg Tan, a money manager at PT Sinarmas Asset Management. “Once the uncertainties about the rate are gone, it would be a good time to buy stocks.”
All 10 of the MSCI Emerging Markets Index’s industry gauges dropped Monday, led by telecommunications and health-care companies. Among currencies, the South Korean won and Indonesian rupee weakened at least 0.7 percent. Colombia’s local bonds fell to a four-year low after higher-than-expected inflation.
As Brent crude declined for a second straight day, the ruble dropped 0.9 percent. The Russian currency has lost 19 percent of its value in the past three months, the most among 24 developing countries.
“If markets would sell off further, we would add some emerging-market risk,” said Michael Ganske, who helps manage about $4.5 billion as the head of emerging markets at Rogge Global Partners Plc in London. Ganske said he favors the Indian rupee, Mexican peso and ruble, while staying away from the Malaysian ringgit, Taiwan dollar and Thai baht.
The ChiNext gauge of smaller Chinese companies climbed 2.1 percent from a seven-month low. Officials attending the Group of 20 gathering in Turkey over the weekend predicted stabilization in the currency and stock markets in the coming weeks. People’s Bank of China Governor Zhou Xiaochuan said state intervention prevented systemic risk and stopped a free-fall.
PT Perusahaan Gas Negara sank 11 percent in Jakarta to the lowest level since September 2011 on a government plan to lower industrial-gas prices.
Source: Emerging Currencies Drop as Ambiguity on Fed Timing Hurts Stocks – Bloomberg Business
September 8th, 2015 by olddog
By Brandon Smith
It is undeniable; the final collapse triggers are upon us, triggers alternative economists have been warning about since the initial implosion of 2008. In the years since the derivatives disaster, there has been no end to the absurd and ludicrous propaganda coming out of mainstream financial outlets and as the situation in markets becomes worse, the propaganda will only increase. This might seem counter-intuitive to many. You would think that the more obvious the economic collapse becomes, the more alternative analysts will be vindicated and the more awake and aware the average person will be. Not necessarily…
In fact, the mainstream spin machine is going into high speed the more negative data is exposed and absorbed into the markets. If you know your history, then you know that this is a common tactic by the establishment elite to string the public along with false hopes so that they do not prepare or take alternative measures while the system crumbles around their ears. At the onset of the Great Depression the same strategies were used. Consider if you’ve heard similar quotes to these in the mainstream news over the past couple months:
John Maynard Keynes in 1927: “We will not have any more crashes in our time.”
H.H. Simmons, president of the New York Stock Exchange, Jan. 12, 1928: “I cannot help but raise a dissenting voice to statements that we are living in a fool’s paradise, and that prosperity in this country must necessarily diminish and recede in the near future.”
Irving Fisher, leading U.S. economist, The New York Times, Sept. 5, 1929: “There may be a recession in stock prices, but not anything in the nature of a crash.” And on 17, 1929:“Stock prices have reached what looks like a permanently high plateau. I do not feel there will be soon if ever a 50 or 60 point break from present levels, such as (bears) have predicted. I expect to see the stock market a good deal higher within a few months.”
- McNeel, market analyst, as quoted in the New York Herald Tribune, Oct. 30, 1929: “This is the time to buy stocks. This is the time to recall the words of the late J. P. Morgan… that any man who is bearish on America will go broke. Within a few days there is likely to be a bear panic rather than a bull panic. Many of the low prices as a result of this hysterical selling are not likely to be reached again in many years.”
Harvard Economic Society, Nov. 10, 1929: “… a serious depression seems improbable; [we expect] recovery of business next spring, with further improvement in the fall.”
Here is the issue – as I have ALWAYS said, economic collapse is not a singular event, it is a process. The global economy has been in the process of collapse since 2008 and it never left that path. Those who were ignorant took government statistics at face value and the manipulated bull market as legitimate and refused to acknowledge the fundamentals. Now, with markets recently suffering one of the greatest freefalls since the 2008/2009 crash, they are witnessing the folly of their assumptions, but that does not mean they will accept them or apologize for them outright. If there is one lesson I have learned well during my time in the Liberty Movement, it is to never underestimate the power of normalcy bias.
There were plenty of “up days” in the markets during the Great Depression, and this kept the false dream of a quick recovery alive for a large percentage of the American population for many years. Expect numerous “stunning stock reversals” as the collapse of our era progresses, but always remember that it is the overall TREND that matters far more than any one positive or negative trading day (unless you open down 1000 points as we did on Monday), and even more important than the trends are the economic fundamentals.
The establishment has made every effort to hide the fundamentals from the public through far reaching misrepresentations of economic stats. However, the days of effective disinformation in terms of the financial system are coming to an end. As investors and the general public begin to absorb the reality that the global economy is indeed witnessing a vast crisis scenario and acknowledges real numbers over fraudulent numbers, the only recourse of central bankers and the governments they control is to convince the public that the crisis they are witnessing is not really a crisis. That is to say, the establishment will attempt to marginalize the collapse signals they can no longer hide as if such signals are of “minimal” importance.
Just as occurred during the onset of the Great Depression, the lies will be legion the closer we come to zero hour. Here are some of the lies you will likely hear as the collapse accelerates…
The Crisis Was Caused By Chinese Contagion
The hypocrisy inherent in this lie is truly astounding, to say the least, considering it is now being uttered by the same mainstream dirtbags who only months ago were claiming that China’s financial turmoil and stock market upset were inconsequential and would have “little to no effect” on Western markets.
I specifically recall these hilarious quotes from Barbara Rockefeller in July:
“Something else that doesn’t matter much is the Chinese equity meltdown—again. China may be big and powerful, but it lacks a retail base and fund managers experienced in price variations, never mind a true rout…”
“Doom-and-gloom types have been saying for a long time that we will get a stock market rout when the Fed finally does move to raise rates. But as we wrote last week, history doesn’t bear out the thesis, not that you can really count on history when the sample size is one or two data points…”
Yes, that is a bit embarrassing. One or two data points? There have been many central bank interventions in history. When has ANY central bank or any government ever used stimulus to manipulate markets through fiat infusion and zero interest fueled stock buybacks or given government the ability to monetize its own debt, and actually been successful in the endeavor? When has addicting markets to stimulus like a heroin dealer ever led to “recovery”? When has this kind of behavior ever NOT created massive fiscal bubbles, a steady degradation of the host society, or outright calamity?
Suddenly, according to the MSM, China’s economy does affect us. Not only that, but China is to blame for all the ills of the globally interdependent economic structure. And, the mere mention that the Fed might delay the end of near zero interest rates in September by a Federal Reserve stooge recently sent markets up 600 points after a week-long bloodbath; meaning, the potential for any interest rate increase no mater how small also has wider implications for markets.
The truth is, the crash in global stocks which will undoubtedly continue over the next several months despite any delays on ZIRP by the Fed is a product of universal decay in fiscal infrastructure. Nearly every single nation on this planet, every sovereign economy, has allowed central and international banks to poison every aspect of their respective systems with debt and manipulation. This is not a “contagion” problem, it is a systemic problem to every economy across the world.
China’s crash matters not because it is causing all other economies to crash. It matters because China is the largest importer/exporter in the world and it is a litmus test for the financial health of every other country. If China is failing, it means we are not consuming, and if we are not consuming, then we must be broke. China’s crash portends our own far worse economic conditions. THAT is why western markets have been crumbling along with China’s despite the assumptions of the mainstream.
China‘s Rate Cuts Will Stop The Crash
No they won’t. China has cut rates five times since last November and this has done nothing to stem the tide of their market collapse. I’m not sure why anyone would think that a new rate cut would accomplish anything besides perhaps a brief respite from the continuing avalanche.
It’s Not A Crash, It’s Just The End Of A “Market Cycle”
This is the most ignorant non-explanation I think I have ever heard. There is no such thing as a “market cycle” when your markets are supported partially or fully by fiat manipulation. Our market is in no way a free market, thus, it cannot behave like a free market, and thus, it is a stunted market with no identifiable cycles.
Swings in markets of up to 5%-6% to the downside or upside (sometimes both in a single day) are not part of a normal cycle. They are a sign of cancerous volatility that comes from an economy on the brink of disaster.
The last few years have been seemingly endless market bliss in which any idiot day trader could not go wrong as long as he “bought the dip” while Fed monetary intervention stayed the course. This is also not normal, even in the so-called “new normal”. Yes, the current equities turmoil is an inevitable result of manipulated markets, false statistics, and misplaced hopes, but it is indeed a tangible crash in the making. It is in no way an example of a predictable and non-threatening “market cycle”, and the fact that mainstream talking heads and the people who parrot them had absolutely no clue it was coming is only further evidence of this.
The Fed Will Never Raise Rates
Don’t count on it. Public statements by globalist entities like the IMF on China, for example, have argued that their current crisis is merely part of the “new normal”; a future in which stagnant growth and reduced living standards is the way things are supposed to be. I expect the Fed will use the same exact argument to support the end of zero interest rates in the U.S., claiming that the decline of American wealth and living standards is a natural part of the new economic world order we are entering.
That’s right, mark my words, one day soon the Fed, the IMF, the BIS and others will attempt to convince the American people that the erosion of the economy and the loss of world reserve status is actually a “good thing”. They will claim that a strong dollar is the cause of all our economic pain and that a loss in value is necessary. In the meantime they will, of course, downplay the tragedies that will result as the shift toward dollar devaluation smashes down on the heads of the populace.
A rate hike may not occur in September. In fact, as I predicted in my last article, the Fed is already hinting at a delay in order to boost markets, or at least slow down the current carnage to a more manageable level. But, they WILL raise rates in the near term, likely before the end of this year after a few high tension meetings in which the financial world will sit anxiously waiting for the word on high. Why would they raise rates? Some people just don’t seem to grasp the fact that the job of the Federal Reserve is to destroy the American economic system, not protect it. Once you understand this dynamic then everything the central bank does makes perfect sense.
A rate increase will occur exactly because that is what is needed to further destabilize U.S. market psychology to make way for the “great economic reset” that the IMF and Christine Lagarde are so fond of promoting. Beyond this, many people seem to be forgetting that ZIRP is still operating, yet, volatility is trending negative anyway. Remember when everyone was ready to put on their ‘Dow 20,000′ hat, certain in the omnipotence of central bank stimulus and QE infinity? Yeah…clearly that was a pipe dream.
ZIRP has run it’s course. It is no longer feeding the markets as it once did and the fundamentals are too obvious to deny.
The globalists at the Bank for International Settlements in spring openly deemed the existence of low interest rate policies a potential trigger for crisis. Their statements correlate with the BIS tendency to “predict” terrible market events they helped to create while at the same time misrepresenting the reasons behind them.
The point is, ZIRP has done the job it was meant to do. There is no longer any reason for the Fed to leave it in place.
Get Ready For QE4
Again, don’t count on it. Or at the very least, don’t expect renewed QE to have any lasting effect on the market if it is initiated.
There is truly no point to the launch of a fourth QE program, but do expect that the Fed will plant the possibility in the media every once in a while to mislead investors. First, the Fed knows that it would be an open admission that the last three QE’s were an utter failure, and while their job is to dismantle the U.S. economy, I don’t think they are looking to take immediate blame for the whole mess. QE4 would be as much a disaster as the ECB’s last stimulus program was in Europe, not to mention the past several stimulus actions by the PBOC in China. I’ll say it one more time – fiat stimulus has a shelf life, and that shelf life is over for the entire globe. The days of artificially supported markets are nearly done and they are never coming back again.
I see little advantage for the Fed to bring QE4 into the picture. If the goal is to derail the dollar, that action is already well underway as the IMF carefully sets the stage for the Yuan to enter the SDR global currency basket next year, threatening the dollar’s world reserve status. China also continues to dump hundreds of billions in U.S. treasuries inevitably leading to a rush to a dump of treasuries by other nations. The dollar is a dead currency walking, and the Fed won’t even have to print Weimar Germany-style in order to kill it.
It’s Not As Bad As It Seems
Yes, it is exactly as bad as it seems if not worse. When the Dow can open 1000 points down on a Monday and China can lose all of its gains for 2015 in the span of a few weeks despite institutionalized stimulus measures lasting years, then something is very wrong. This is not a “hiccup”. This is not a correction which has already hit bottom. This is only the beginning of the end.
Stocks are not a predictive indicator. They do not follow positive or negative fundamentals. Stocks do not crash before or during the development of an ailing economy. Stocks crash after the economy has already gone comatose. Stocks crash when the system is no longer salvageable. Since 2008, nothing in the global financial structure has been salvaged and now the central banking edifice is either unable or unwilling (I believe both) to supply the tools to allow us even to pretend that it can be salvaged. We’re going to feel the hurt now, all while the establishment tells us the whole thing is in our heads.
Alt-Market is currently running our annual Summer Donation Drive!
If you would like to support the publishing of articles like the one you have just read, visit our donations page here. We greatly appreciate your patronage.
You can contact Brandon Smith at:
For the benefit of the cognitive dissonant three legged bulls, who deny, deny, deny, at least consider what a repeat of the 1929 collapse would be like in the mist of a fully equipped tyrannical MILITARISED POLICE, FORCE, and a society like we presently live in. In 1929 most of the population knew the difference between a screw-driver and a pair of pliers, and today’s majority could not pack a bag of groceries, let alone take care of their selves and family. Without the connivances we have today they will go completely berserk. No gas, no food, no temperature controlled environment, no personal protection or social services, no communication!
Just take today’s wiz-bang cell-phones away, and this society will shit their pants, and be obedient, appreciative, slaves. Common Core Has Won The Day.
A SOCIETY THAT DOES NOT KNOW HOW TO SURVIVE, WILL NOT SURVIVE.
September 7th, 2015 by olddog
The Central Bank policy of dumping precious metals onto the market to rig prices has come to an end. Soon, Central Banks will no longer have the ability to control the paper price of gold and silver as true market fundamentals will finally kick in. Unfortunately, when the decades long market rigging of the precious metals finally ends, most investors will not be prepared.
When we talk about Central Bank precious metal sales, most investors think of gold. However, Central Banks supplied a great deal of silver into the market over the past 50+ years. The United States was the world’s “Silver Sugar Daddy” during the 1960’s. I am putting together THE SILVER MARKET REPORT explaining this in detail.
As the U.S. Government depleted the last of its stocks of silver in the 1990’s, China, India and Russia supplemented the market over the past decade. This chart below, is from my THE SILVER CHART REPORT showing the Net Government Silver Sales since 2003:
From 2003 to 2013, these three governments (mostly China) sold a total of 454.2 million oz (Moz) of silver into the market. As we can see, net government silver sales were the highest from 2003 to 2006, continued to decline until 2013, and then dropped to zero by 2014.
If we combine Central Bank gold and silver sales over the same time period, we find a distinct change:
From 2003 to 2008, Central Banks sold 91.5 Moz of gold and 368 Moz of silver into the market. What is interesting to note here, is that the majority of gold sales came from Western Central Banks, while all the silver sales came from Eastern Central Banks. In a round-about way, the Western Central banks were supporting the gold price, while the Eastern Central Banks were supporting the silver price.
Of course, some investors would call this “manipulation hogwash”, but I can assure you… without Central Bank dumping of gold and silver on the market, the global fiat monetary system would have likely disintegrated years ago.
Now, let’s look at the gold and silver bars on the right hand side of the chart. After the collapse of the U.S. Investment Banking System and Housing Market in 2008, Central Bank gold sales dried up and silver sales declined significantly. From 2009-2014, Central Banks only sold 1.1 Moz of gold and 86.2 Moz of silver.
However, this is only part of the picture. While Net Government Silver sales continued until 2013, Central Banks actually starting buying gold in a big way in 2011. If we look the chart below, we can see the big change in Central Bank net gold purchases starting in 2010:
In 2009, net Central Bank gold sales were only 34 metric tons (mt), compared to 235 mt in 2008. As you scroll to the left of the chart, Central Bank gold sales reached a high of 663 mt (21.3 Moz) in 2005.
NOTE: Net Central Bank gold purchases shown in red are negative, because these figures represent sales into the market, while the gold-colored bars represent net purchases.
That being said, Central Banks dumped a total of 2,846 mt (91.5 Moz) of gold onto the market from 2003 to 2008, and consumed a net 2,301 mt (75.3 Moz) from 2009 to 2014. Here we can see a distinct change in net Central Bank gold purchases after the near meltdown of the U.S. and Global Financial System in 2008.
I believe the Central Banks (especially in the West) have run out of gold and silver to dump on the market. Thus, the END GAME for Central Bank precious metal rigging has arrived… it’s just a matter of time.
The huge volatility we are now experiencing in the oil and broader stock markets indicates BIG TROUBLE AHEAD. While some investors think it will take many decades for the Fiat Monetary System to unravel, I believe it’s just a matter of years…. maybe less.
If we see a serious collapse of the broader stock markets this fall, investors will likely ramp up their precious metals purchases in a big way. This will make the present shortage in the retail silver market even worse, thus causing it to spill over into the retail gold market.
The Great Precious Metals Reset is coming.
If you haven’t checked out THE SILVER CHART REPORT, there’s a great deal of information on the Silver Industry & Market not found in any single publication on the internet. There is one chart in this report (Chart #19) that I can guarantee that 99.9% of precious metal investors haven’t seen before.
CLICK HERE: For The Silver Chart Report
I use this bird’s-eye approach when I create my easy to understand charts. The Silver Chart Report is a collection of my top silver charts from articles published over the past six years, and includes in-depth, never-before-seen charts and content that indicate that silver is on the rise. There are 48 charts in the report, broken down in five sections.
Please check back for new articles and updates at the SRSrocco Report. You can also follow us at Twitter below:
As the price of silver skyrockets during the next global financial collapse, the Silver Market will become one of the world’s most explosive markets in the future. The Silver Chart Report is a must-read for the new and experienced precious metals investor. Most analysts focus on a certain area or sector of the silver market. However, the information in this report illuminates a holistic view of many sectors of the silver industry, capturing the relationships that connect many parts of the market.
The Silver Chart Report is a an updated collection of my top silver charts from articles published over the past six years, and includes in-depth, never-before-seen charts and content that indicate that silver is on the rise. There are 48 charts in the report, broken down in five sections:
- Silver Production
- Mining & Falling Ore Grades
- Official Silver Coin Sales
- Silver Price
- The Silver Market
Top of Form
$25.00 – Add to Cart
Bottom of Form
The charts in these five sections give the investor a broad background of the silver industry and market. Silver will likely be one of the most sought-after physical assets in the future. Why? There are several factors that will impact its price (value) in the future, and they are explained thoroughly in The Silver Chart Report.
One factor is the huge cumulative global silver deficit developed over the past decade. Basically, the world invested and consumed a lot more silver than total global output. How large was the silver deficit? This answer can be found on one of the charts in The Silver Market section of the report, and here’s a sample:
The global silver market suffered annual deficits nine out of 10 years reaching a staggering 930 million ounces over the past decade. To fill this large deficit, silver was supplemented by government and private stocks. The report shows how government silver sales have plummeted since 2005 and why China refuses to sell anymore of its official silver stocks.
The Price Of Silver Will Skyrocket In The Future Due To The
Collapse Of The U.S. Dollar & Highly Inflated Paper Assets
Investors need to be prepared for the upcoming collapse of the U.S. Stock Market, U.S. Dollar and U.S. Treasury Market. Physical assets such as silver will be some of the safest and most sought after when the Great Crash begins.
There are three reasons to purchase The Silver Chart Report:
1) It provides individuals who are new to the Silver Market with an overall background of the silver industry and market through simplified charts.
2) It offers more experienced silver investors and long-time readers of the SRSrocco Report a single publication that includes my top silver charts over the past six years AND many new ones never seen before.
3) The Silver Chart Report provides information and data on many areas of the Silver Market and industry not found in any other single publication in the precious metal trade industry today.
If you want to become better acquainted with the overall silver market, this report provides information and data not found in any other single publication in the industry.
Top of Form
$25.00 – Add to Cart
Bottom of Form
IMPORTANT NOTE: If you did not receive the report immediately after purchase, please let me know right away through my: CONTACT PAGE. . http://srsroccoreport.com/contact/
You should receive the report the very same day of purchase
September 5th, 2015 by olddog
By Mac Slavo
“The most effective way to destroy people is to deny and obliterate their own understanding of their history. […] He who controls the past controls the future. He who controls the present controls the past.” – George Orwell, 1984
Common Core and similar corporate-driven efforts to alter education are starting to have some serious consequences.
Rewriting history is a major part of the silent takeover that is and has been underway for some time.
The powers that be are interested in control, not in freedom. That much is understood.
As such, American history – as ugly and bloody as it has been – cannot be told. Knowledge about the U.S. Constitution, the critical Bill of Rights and the revolution for independence are inconvenient facts to the new social engineering.
Incredibly, public schools are now actually beginning to rewrite history by omitting this pivotal chapter from classrooms.
According to EAGnews.org, South Dakota – which is a Common Core state – is literally leaving it untaught:
Important topics like the Declaration of Independence, the Revolutionary War and the framing of the U.S. Constitution may simply be ignored by teachers under new history standards approved by the state’s board of education last Monday, the Argus Leader reports.
Current standards do not allow history teachers to delve into topics before the Civil War, so the new standards open up the door but don’t require teachers to cover early American history, as many would have preferred. The recently adopted history standards are set to take effect in 2016-17 school year and whittle the current standards from 117 pages to 44.
“Our current history standards do not even give an option as to whether it’s comprehensive or modern,” board president Don Kirkegaard told the news site. “It’s strictly modern.”
No, this is not hyperbole. These South Dakota schools are literally talking about leaving out lessons on the founding of the United States, to instead focus most of the school year on the last century, which can only be properly understood in the context of what has happened in the last 500 years… and beyond.
This should be alarming to everyone, whether you love America and what it stands for, or not!
The net effect of keeping kids ignorant of history is, of course, passed down the line to society who must endure “low information voters” and malleable sheep in many areas.
Already, college professors – with their own problems concerning academic standards– are complaining that students are arriving woefully ignorant and unprepared either to face history or the wider world. According to the Argus Leader:
Ben Jones, dean and associate professor of history at Dakota State University, has said he and his colleagues are “astounded by the level of ignorance” of U.S. history that they see in freshmen.
But there are other important reasons to teach high school students about our nation’s early history.
Constitutional topics are common in today’s political debate and students without a solid understanding and who do not have the appropriate level of context for these discussions are at a disadvantage. As citizens, we need to understand our rights and duties as well as appreciate how they came to be.
September 4th, 2015 by olddog
By Joel Hruska
Share This article
Every time Microsoft releases a new version of an operating system, there�s always a few users bitterly unhappy at the company�s decision not to support new features on older products. Microsoft has finally listened to these die-hard devotees of older operating systems. If you felt like Windows 7 and Windows 8 offered you a little too much privacy, rejoice: Microsoft is updating those operating systems with the same telemetry gathering software it deployed on Windows 10.
What? You wanted DirectX 12?
Ghacks.net has discovered four KB updates for Windows 7 and 8, each of which is described as an �Update for customer experience and diagnostic telemetry.� Each is detailed below:
KB 3068708: This update introduces the Diagnostics and Telemetry tracking service to existing devices. By applying this service, you can add benefits from the latest version of Windows to systems that have not yet upgraded. The update also supports applications that are subscribed to Visual Studio Application Insights.
KB 3068708 is listed as collecting diagnostics about functional issues on systems that take part in the Customer Experience Improvement Program. Determining whether or not you are a member of the CEIP, however, is less than obvious. The KB also notes that �Most programs make CEIP options available on the Help menu, although for some products, you might have to check settings, options, or preferences menus.� This is a recommended Windows update.
KB 3022345: This update has been superseded by KB 3068708, but previously provided the same telemetry-tracking services. It�s not clear how the two updates differ, but if you want to remove all traces of telemetry tracking, you�ll want to remove this update as well.
KB 3075249: This update adds telemetry points to the User Account Control (UAC) feature to collect information on elevations that come from low integrity levels. What this appears to mean is that MS wants more information about the kinds of applications that trigger UAC in the first place, presumably because it wants to know what they do and why they need that access. This update is classified as Optional.
KB 3080149: This update is described in identical language to the first two. �This package updates the Diagnostics and Telemetry tracking service to existing devices. This service provides benefits from the latest version of Windows to systems that have not yet upgraded. The update also supports applications that are subscribed to Visual Studio Application Insights.� It is provided as an Optional update, even though the first was classified a �Recommended� update.
Hard-coded phoning home
One of the assumptions made by various privacy advocates and journalists, including me, is that third-party utilities would be able to shut down the tracking Microsoft deployed in Windows 10. To some degree, that�s already happened, but there are certain new �features� of Windows 10 that can�t be blocked by any OS-level tweaks, including the hosts file. The updates listed above connect to vortex-win.data.microsoft.com and settings-win.data.microsoft.com. These addresses are hard-coded to bypass the hosts file and cannot be prevented from connecting. It�s been reported that software firewalls aren�t sufficient to block them, though this is unclear. (See update above).
It�s not clear if setting this flag in Windows 7 still disables all telemetry with the new patches installed.
The only way to block some of these connections is if your router has a firewall you can configure and if that firewall allows you to block HTTPS connections instead of simply passing them through. Some users have reported that they can block these connections, but plenty of other devices can�t, at least not completely. It�s still possible to reduce the amount of information flowing to Microsoft, but disabling it completely seems to be impossible unless you build a software router or replace your current hardware with a dedicated box.
Windows 7�s GPEdit.msc contains a setting that allows users to disable all application telemetry, and another setting that can shut off user participation in the Consumer Experience Improvement Program. Whether these options continue to function after the latest patches isn�t known. Users who do not wish to send Microsoft their own telemetry should uninstall the updates and tell Windows Update to hide them from now on.
Update (8/31/2015): This post originally reported that a firewall can�t be used to block the Windows connections that bypass the hosts file. There appears to be confusion on this point as to whether the ranges can be blocked on Windows 10 or not and conflicting reports on how the Windows Firewall treats such rules. We discussed the situation with Ars Technica�s Peter Bright, who has confirmed that these new connections can be blocked. Reports that they can�t be may have been confused or related to different OS settings.
September 3rd, 2015 by olddog
Another officer is found slaughtered in his Texas home amid growing safety fears and a manhunt for the Illinois cop killers who got away
Don Allen, 27, was found dead in Clyde, Texas, on Monday night.
Authorities launched homicide case over suspicious death
Grim discovery made not long before Charles Gliniewicz shot in Illinois
Both deaths follow Houston-area deputy Darren Goforth killed on Friday
A Texas police officer was found murdered in his home just hours before an officer in Illinois was gunned down in the street on a morning patrol.
Don Allen, 27, was killed at home some time Monday evening in Clyde, Texas, and found by family members around 7pm.
Authorities have not released details of his death, but launched a homicide investigation over Allen, who has served in the Abilene police department for three years.
Killed: Don Allen, a police officer in Abilene, Texas, was found dead at home within hours of Charles Joseph Gliniewicz being gunned down on patrol in Fox Lake, IllinoisManhunt: Authorities in Fox Lake are seen arming themselves to track down Gliniewitz’s killer
Search: Dozens of personnel were dispatched to bring in the suspects, two of whom are white and one black. He was off-duty at the time, and the only one at home when the discovery was made.
Another officer is found slaughtered in his Texas home amid growing safety fears and a manhunt for the Illinois cop killers who got away
OLDDOGS COMMENTS ON COP SHOOTERS
Whoa there folks. The solution to tyranny, is not being a tyrant, it’s being an informed American with enough guts to go to the top with your complaints. It’s the jerks at the top of the food chain that need to be done away with………………..IN A COMMON LAW COURT!
Killing cops is not going to do anything but create more killer cops. It is the fault of the jerk in the white house, and his advisers, and the State Governors who want more and more federal money.
You do not gain anything with murdering cops that have been brain-washed. All you do is make them feel justified.
Don’t misunderstand what I am saying here because I am as infuriated with these ass-holes as much as anyone, because they should know better than to lower their public standing, and their superiors should be fired for letting it happen. I don’t for a second support these rogue cops and would love to be their legal executioner, but you gain nothing by lowering yourself to their level. It’s the assholes at the top; and don’t forget it. Human nature, and the propaganda we have been exposed to is going to make it impossible to recover if we do not exercise some self-control. As for the attitude of low level police, it is apparent that they feel justified because of constant exposure to the criminal element and their training. Take this to the bank!, retaliation is going to cost us a lot more than the damage we do.
September 2nd, 2015 by olddog
BRICS create “New Silken World Order” to bypass West’s monetary stranglehold.
By Ronald L. Ray —
In July, world-changing events occurred, portending the approaching end of Zionist-Anglo-American financial and geopolitical hegemony, but they were ignored deliberately by most Western media. On July 8-9, the seventh summit of the BRICS nations (Brazil, Russia, India, China, South Africa) took place in Ufa, Russia. There, the long-heralded New Development Bank (NDB) was brought finally into existence. However, it was not until July 21, following the official opening in Shanghai, that a few media outlets could force themselves to report half-heartedly about it.
Thanks, however, to analysis by the German-language website “National Journal,” AMERICAN FREE PRESS can bring to readers the deeper significance of the above events.
Die Welt set the tone on July 25: “Now the battle begins for the global monetary system. The foundation of the ‘New Development Bank’ could cause the global financial system to totter.”
As its own website states, the NDB is a “multilateral development bank operated by the BRICS countries . . . as an alternative to the existing U.S.-dominated World Bank and International Monetary Fund [IMF].” It is thus a sort of declaration of financial war against the international banking cartel owned and controlled by the Rothschild family.
The NDB’s stated goal is in direct opposition to the Zionist stranglehold on nations, their peoples and their resources: “The purpose of the bank shall be to mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging market economies and developing countries to complement the existing efforts of multilateral and regional financial institutions for global growth and development.”
Since the infamous Bretton Woods agreement after World War II, which created the IMF and World Bank, the U.S. dollar has been the world’s reserve currency—the one nations have needed to engage in international trade, especially for oil. This has been a boon for the bankers, but not for smaller nations. The final knot in the financial noose was deregulation of commodities futures under former President William Jefferson Clinton, enabling the derivatives insanity.
As “National Journal” points out, IMF and World Bank “help” for developing countries always requires those nations to punish their people through “austerity,” while imposing “free trade” and “privatization” of various government enterprises, like public utilities and water supplies, to the detriment of the populace. Basically, the banksters become hidden dictators and seize the nation’s wealth. Multiple African countries that formerly fed themselves, for example, became dependent on giant multinational corporations, as local businesses were forced out and high prices starved the masses.
By contrast, the NDB is a positive alternative, whose charter prohibits wild speculation with funds and thus prevents profiteering. Mutual benefit for all parties is sought, not the unbridled exploitation and impoverishment of the common man exercised by the IMF and World Bank. The NDB is intended to create real wealth, not a mere transfer of wealth. As such, it may soon become the lender of choice for those nations tired of IMF piracy.
There is also no doubt that the NDB is intended to break the spine of Zio-American world hegemony. Former German Finance Minister Oskar Lafontaine once quoted former Treasury Secretary Lawrence Henry “Larry” Summers: “The IMF is an instrument of American global policy,” intended to preserve U.S. economic and military supremacy in the world. And it is no secret that the BRICS nations seek to break free of that enslavement.
But the effort to create a Eurasian economic community, free of Western financial shackles, does not stop with the NDB. Russia and China are developing an alternative gold market, founded on physical possession of that commodity, not pieces of paper.
More significantly, there is ever-broadening military coordination and mutual support through the Shanghai Cooperation Organization (SCO), which currently comprises China, Russia, Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan, India and Pakistan. Recently, Egypt and Iran have expressed interest in joining.
That has the weasels of Wall Street terrified. The Rothschilds never take threats to their debt-slavery empire lying down. The idea of billions of people free of their usurious chains is intolerable, but billions of free people with massive military might to defend themselves have the financial pharaohs frantic.
“National Journal” suggests this explains Barack Hussein Obama’s opening to Iran, which is a critical geostrategic crossroads. In order to save their empire, the banksters have left even Israel in the lurch. That same terror may also be behind many of the recent “spontaneous” demonstrations by “hundreds of thousands” of Brazilians against their president.
It is consequently no surprise that the sycophantic U.S. military taunts Russia and China on their very borders and is preparing to wage a war of aggression, which can only bring about the—most likely nuclear—annihilation of billions of men, women and children.
Ronald L. Ray is a freelance author and an assistant editor of THE BARNES REVIEW. He is a descendant of several patriots of the American War for Independence.
September 1st, 2015 by olddog
By Russia Today
A former Arizona police officer, who killed six people during his 12-year career before it ended after the latest shooting, is now selling firearm training simulators that jolt people who hesitate to shoot.
James Peters, former police officer with the Scottsdale PD, applied for “accidental disability retirement” in 2012 after he shot a 50-year-old man in the head with a rifle. The deceased, John Loxas, who was holding his baby grandson in his arms at that moment, had a record of threatening neighbors with firearms.
Peters reported seeing a black object in Loxas’ trouser pocket, believing it to be a handgun. It was actually a phone, but Peters learned that only after killing the man in what he called an action necessary to protect the baby.
The officer left the service and was not charged over the shooting, although Scottsdale paid a $4.25 million settlement to Loxas’ family. Prior to that incident Peters, who served some of his career as a SWAT team member, was involved in six other shootings, it was reported at the time. Five of them were fatal, with none of them ending in prosecution.
EX-COP WHO KILLED 6 PEOPLE NOW TEACHES OTHER OFFICERS
Less than a month after retirement with a $4,500 monthly pension, Peters was hired by a Tempe-based company called VirTra Systems. He is now selling and instructing customers on the use of its products – firearm shooting simulators meant to train police and military of how to handle themselves in a firefight, reported the Arizona-based blog Down and Drought.
The company’s flagship product is V-300, a simulator that places a trainee between five video screens arcing 300 degrees that create a virtual reality around him/her, complete with powerful audio. The trainee is also required to wear electrodes that jolt him every time he or she sustains a wound in the simulator. VirTra Systems says the feedback enhances the training process.
“The trainee knows they could experience pain during training, so they take the training far more seriously, leading to more effective training. In addition, the extra stress and pressure during training helps better prepare the trainee for a real life or death situation where a mistake could have dire consequences,” it says in a press release.
The report however is highly critical of the approach, arguing that it basically encourages people to shoot first and ask questions later.
“VirTra’s pain compliance training operates on the theory that officers who hesitate to take action, die,” it said. “The pain conditioning kicks in when the officer fails to react quickly enough, with the goal of reinforcing training. In essence, it recreates being shot, an outcome that VirTra’s officer-safety-first-and-foremost training strongly implies is the losing outcome.”
VirTra Systems says it supplies its products to some 200 police and military organizations around the world. V-300s may cost up to $300,000 apiece.
Reprinted from Russia Today.
The Best of Russia Today
Copyright © 2015 Russia Today
Previous article by Russia Today: The Horror of Atomic Bombings
August 31st, 2015 by olddog
By Mike Whitney
Corporations are taking the retirement savings of elderly public employees and using them to inflate their stock prices so wealthy CEOs and their shareholders can enrich themselves at the expense of their companies. And it’s all completely legal. Under current financial regulations, corporate bosses are free to repurchase their own company’s shares, push stock prices into the stratosphere, skim off generous bonuses for themselves in the form of executive compensation, and leave their companies drowning in red ink.
Even worse, a sizable portion of the money devoted to stock buybacks is coming from “massively underfunded public pension” funds that retired workers depend on for their survival. According to Brian Reynolds, Chief Market Strategist at New Albion Partners, “Pension funds have to make 7.5%,” so they are putting their money “in these levered credit funds that mimic Long-Term Capital Management in the 1990s.” Those funds, in turn, “buy enormous amounts of corporate bonds from companies which put cash onto company balance sheets…and they use it to jack their stock price up, either through buybacks or mergers and acquisitions…It’s just a daisy chain of financial engineering and it’s probably going to intensify in coming years.” (“How a Public Pension Crisis Is Driving an Epic Credit Boom“, Financial Sense)
So, once again, ordinary working people are caught in the crosshairs of a corporate scam that could blow up in their faces and leave them without sufficient resources to muddle through their retirement years.
The amount money that’s being funneled into buybacks is simply staggering. According to Dave Dayen at the Intercept:
“Last year, companies spent $553 billion to repurchase outstanding shares, just short of the record $589.1 billion in 2007. Large companies like Apple, General Motors, McDonald’s, Pfizer, Microsoft and more have engaged in buybacks in recent years.
Returning profits to shareholders through buybacks and dividends accounted for 95 percent of all earnings in 2014. As a result, each additional dollar of corporate earnings now translates to under 10 cents of reinvestment, according to a study by J.W. Mason of the Roosevelt Institute.”
(“SEC Admits It’s Not Monitoring Stock Buybacks to Prevent Market Manipulation“, Dave Dayen, Intercept)
This explains why business investment (Capex) is at record lows. It’s because the bulk of earnings is being recycled into buybacks, over $2.3 trillion dollars since 2009 to be precise. And it’s all connected to the Fed’s zero rate policy. Zero rates have created an environment in which corporations no longer look for ways to grow their businesses, expand operations, hire more employees or improve productivity. Instead, they look for the quick fix, that is, load up on debt, buy more shares, goose the stock price, and walk away with a bundle.
It’s all about incentives. The Fed has created incentives that encourage financial engineering and stock manipulation as opposed to growth and productivity. And keep in mind that repurchasing shares is a form of margin buying, the same type of margin buying that triggered Stock Market Crash of 1929.
According to Dayen: “Prior to the Reagan era, executives avoided buybacks due to fears that they would be prosecuted for market manipulation. But under SEC Rule 10b-18, adopted in 1982, companies receive a “safe harbor” from market manipulation liability on stock buybacks if they adhere to four limitations.”
We won’t go over the regulations now because, as you can see, they obviously don’t work or these corporations wouldn’t be $2 trillion in the hole. But it is interesting to note that, at one time, policymakers saw how destructive buybacks were and were prepared to prosecute offenders for manipulation. I doubt that any of our regulators today would even dream of bringing a case against these corporate behemoths, after all, they pretty much own the whole show lock, stock and barrel.
The real danger of this buyback phenomenon is that the corporations have piled on so much debt that any sharp decline in the market could push one or two of these giants into default. That, in turn, could quickly take down other counterparties touching off another financial crisis. So, the question regulators should be asking themselves, is how much red ink are these corporations hiding on their balance sheets and what are the risks to the public if they’re unable to repay their debts. According to Henry Blodget at Business Insider:
“As corporations have borrowed more and more money, the level of corporate debt relative to the size of the economy has continued to increase. As the chart below shows, this ratio is now at its highest level ever — even higher than it was in 2007, before the last debt-fueled economic implosion. Importantly, corporate net debt — the amount of debt that corporations are carrying minus the cash they have on hand (green line below) — is also at its highest level ever as a percent of the economy.”
(“Now It’s Time To Think About What Will Happen When Companies Stop Buying Back So Much Stock“, Business Insider)
- Buybacks are driving the stock market higher.
- Corporations purchase buybacks with credit.
- “The level of corporate debt relative to the size of the economy… is now at its highest level ever.”
What can we deduce from these three observations?
First, that stock prices are a bubble and, second, that a significant stock market shakeout could leave some of the nation’s biggest corporations teetering towards insolvency.
Of course, none of this is going to stop corporations from engaging in the same risky behavior. Heck, no. In fact, CEOs are actually looking for ways to speed up the buyback process. I’m not kidding. Check clip from yesterday’s Wall Street Journal:
“Companies are increasingly turning to accelerated share repurchase agreements…to return cash to shareholders and secure an immediate boost to per-share profits…..But these turbo-charged stock buybacks can backfire, especially when a steep market plunge—such as the 5.3% drop in the markets over the past two trading days. That’s because a steep plunge in stock prices can force the companies to potentially pay more to buy the shares through an ASR than what they would pay if they purchased the shares over time on the open market.
“Things can go wrong,” said Robert Leonard, head of specialty equity transactions at Citigroup Inc….
(“Accelerated Buybacks Less Favorable During Market Swoons“, Wall Street Journal)
You’re darn right, they can go wrong, but who gives a rip? Not America’s insatiable CEOs, that’s for sure. They’re just looking for faster ways to cash in, that’s all that matters to them. These guys aren’t even thinking about the health of their companies, let alone their customers. ‘Making widgets for the masses, is for suckers’, right? Corporate honchos have bigger fish to fry, like leveraging up their whole operation to its eyeballs, skimming the cream off the top, stuffing the moolah in an unmarked Caymans account, and slipping out the backdoor before the whole rickety structure comes crashing to earth. That’s modern-day capitalism in a nutshell. Slash and burn, Baby, just like big boys at the Pentagon.
One last thing: Just to show the extent to which these corporate mandarins will go to enrich themselves at their company’s expense, check out this blurb from this 2014 article at Bloomberg:
“International Business Machines Corp. (IBM) is reducing stock buybacks after an $8.2 billion first-quarter splurge… IBM said last week it won’t sustain its rate of share repurchases in the first quarter, when buybacks more than tripled from a year earlier to the most since 2007. The company plans to spend less than $5.8 billion total in the final nine months of this year….
IBM’s sales have fallen from a year earlier for eight straight quarters…Declining sales and rising buybacks have squeezed IBM’s free cash flow…The repurchases, meanwhile, have taken a toll on IBM’s balance sheet. Total debt climbed to $44 billion in the first quarter, up from $33.4 billion a year ago….
During the first quarter, IBM issued $4.5 billion of new bonds, clearly used to fund buybacks, Black said….
“The company tapped the bond market five different times last year, then you have a pretty sizable February issuance,” Black said in the interview. “I feel like there is investor fatigue on the name.”
(“IBM End to Buyback Splurge Pressures CEO to Boost Revenue“, Bloomberg)
Okay, let’s translate this into English: IBM spent $8.2 billion in first-quarter on stock buybacks, even though “sales have dipped “from a year earlier for eight straight quarters”; even though “declining sales and rising buybacks have squeezed IBM’s free cash flow”; even though buybacks “have taken a toll on IBM’s balance sheet”; and even though “Total debt climbed to $44 billion in the first quarter, up from $33.4 billion a year ago.”
Unbelievable, right? And that’s not even the best part. The best part is the fact that “The company tapped the bond market five different times last year.” In other words, they went to the bond market with ‘cup in hand’ and appealed to gullible investors to lend them more money to pay their lavish executive bonuses, to shower more dough on their worthless, do-nothing shareholders, and to keep this whole ridiculous farce going on a bit longer.
Talk about balls!
Tell me this, dear reader, when can we stop referring to this activity as “buybacks” and call it by its real name; looting?
Mike Whitney lives in Washington state. He is a contributor to Hopeless: Barack Obama and the Politics of Illusion (AK Press). Hopeless is also available in a Kindle edition. He can be reached at email@example.com.
August 29th, 2015 by olddog
By Joyce Rosenwald
On the night of December 23, 1913 the United States Congress passed the Federal Reserve Act and thereby committed the greatest act of TREASON in history. It surrendered this nation’s sovereignty and sold the American people into slavery to a cabal of arch-charlatan international bankers who proceeded to plunder, bankrupt, and conquer this nation with a money swindle.
The “money” the banks issue is merely bookkeeping entries. It cost them nothing and is not backed by their wealth, efforts, property, or risk. It is not redeemable except in more debt paper. The Federal Reserve Act forced us to pay compound interest on thin air. We now use worthless “notes” backed by our own credit that we cannot own and are made subject to compelled performance for the “privilege”.
From 1913 until 1933, the United States paid the “interest” with more and more gold. The structured inevitability soon transpired: the Treasury was empty, the debt was greater than ever, and the United States declared bankruptcy. In exchange for using notes belonging to bankers who create them out of nothing on our own credit, we are forced to repay in substance (labor, property, land, businesses, resources, life) in ever-increasing amounts. This may have been the greatest heist and fraud of all time.
When a government goes bankrupt, it loses its sovereignty. In 1933 the United States declared bankruptcy, as expressed in Roosevelt’s Executive Orders 6073, 6102, 6111, and 6260, House Joint Resolution 192 of June 5, 1933, confirmed in Perry v. United States, (1935) 294 U.S. 330-381, 79 L.Ed 912, as well as 31 USC 5112, 5119, and 12 USC 95A. The bankrupt United States went into receivership, reorganized in favor of 115 creditors and new owners.
In 1913, Congress turned over America… lock, stock and barrel to a handful of criminals whose avowed intent from the beginning was to plunder, bankrupt, conquer, and enslave the people of the United States of America and eliminate this nation from the face of the earth. The goal was, and is, to absorb America into a one-world private commercial government, a “New World Order.”
On March 9, 1933 President Roosevelt called for the passing of The WAR POWERS ACT TITLE 12 USC. Section 95 (a) and 95 (b). This act declared all United States Citizens to be the enemy of the United States Government, and placed us under permanent Emergency Rule, bypassing Constitutional constraints on government.
With the Erie R.R. v Tompkins case of 1938, the Supreme Court confirmed their success. We are now in an international private commercial jurisdiction in colorable admiralty-maritime under the Law Merchant. We have been conned and betrayed out of our sovereignty, rights, property, freedom, common law, Article III Courts, and The Bill of Rights has been statutized into “civil rights” in commerce. You have destroyed the Republic. America has been stolen. We have been made slaves, i.e. permanent debtors, bankrupt, in legal incapacity, renderedcommercial “persons,” “residents,” and corporate franchisees known as “citizens of the United States”
Since 1933 what is called the “United States Government” is a privately owned corporation of the Federal Reserve/International Monetary Fund. It is merely an instrument whereby the bankers administer their ongoing subjugation and plunder of what was once considered “the last great hope of human freedom.” All “public servants,” officials, Congressmen, politicians, judges, attorneys, law enforcement officers, States and their various agencies, etc., are the express agents of these foreign principals – see Foreign Agents Registration Act of 1938; 22 USC 286 et seq, 263A, 185G, 267J, 611(C) (ii) & (iii); Treasury Delegation Order #91 – who have stolen the country by clever, intentional, and unrelenting fraud, trickery, treachery, non-disclosure, miss-representation, intrigue, coercion, conspiracy, murder. If there is a greater tragedy in human history it is hard to know what it is.
An insidious aspect of this is that “officials” like you may think you are “public servants,” are upholding the “law,” or other hoaxes. In truth you are conscientiously and assiduously serving the archenemies of yourselves, your own rights, your fellow citizens, continued human rights, life, and freedom in general. YOU are seditiously administering the plunder, bankruptcy, conquest, destruction, dismantling, and elimination of your country. YOU are systematically defrauding, extorting, impoverishing, and injuring human life on the basis of crimes and lies of such magnitude, depth, and proportions as to be beyond human comprehension.
Now you believe you can sell this nation to foreign powers with the stroke of a pen by Executive Order 12803, April 30, 1992.
By so doing, you are committing TREASON and PERFIDY so immense as “to make the angels weep.” If you and your fellow “officials” do not understand the real situation, you are ignorant, naive, deceived, and conned. You are sheer dupes. If you do know and are parties to it, you are guilty of evil and heinous BETRAYAL. You are in such case TRAITORS and CRIMINALS. All of you “in power” are therefore, either fools or knaves, either of which eminently invalidates your “authority” and renders null and void absolutely all-moral obligation to pay allegiance or to obey the TREASONOUS SYSTEM you enforce with such mechanical viciousness.
If, you, “public servants” had any shred left of humanity, awe, heart, clarity, sanity, access to your true being and conscience, you would instantly resign and do everything possible to inform the American people of their plight and help us retrieve our rights and our country. Only by such means can you even begin to atone for your endless crimes against humanity, the lives you so arrogantly and mindlessly butcher with the “meat-grinder of the law.”
What do you think the American people will do as they discover that they have no more country, that they are slaves to mortal enemies, that they have been tricked and betrayed by their “leaders” who sold them out? What do you think they will do when they realize that all their alleged “public servants” are willing or stupidly compliant parties to the plunder, bankruptcy, subjugation, and ruin of their lives and country?
There is no acceptable excuse for what you have done. You cannot engage in bringing harm to life and, like the Nazi’s defense at Nuremberg, presume that because you do so under the “authority” of an imaginary, abstract, unreal legal fiction called “government” you are freed of the consequences of your acts. Moral and natural law are not obviated by ignorance, hubris and self-righteous militancy. Your entire system – from the ground up – is deceit and fraud. It is illicit in essence and ab initio. As Broom’s Maxims 297, 729 put it: “A right of action cannot arise out of fraud.” Honor is earned by honesty and integrity, not under false and fraudulent pretenses. The color of the cloth one wears cannot cover up the usurpations, lies, and treachery. “When black is fraudulently declared to be white, not all will live in darkness.”
More and more Americans are awakening to the truth. What do you think the American people will do as they discover that they have no more country, that they are slaves to mortal enemies, that they have been tricked and betrayed by their “leaders” who sold them out? What do you think they will do when they realize that all their alleged “public servants” are willing or stupidly compliant parties to the plunder, bankruptcy, subjugation, ruin and destruction of their lives and country? Thomas Jefferson wrote: “An honest man can feel no pleasure in the exercise of power over his fellow citizens.” Lincoln said: “Just as I would not be a slave, neither would I be a master.”
I will not participate in your corrupt, arrogant, and cruel fraud, either as perpetrator or victim. I will no longer sit here and writhe. The TYRANNY over this nation MUST END! End Emergency Rule. Repeal all laws passed under Emergency Rule. Give us back our substance and our law. Give us back our Republican form of government.
If you continue with this course, you will have natural and moral law and higher powers to answer to, not to mention all those you have wronged under color of law. You will have your own laws turned against you, as you have turned the law against us. To transform the shield of protection into a sword of exploitation, subjugation, and plunder is perfidy. I am an American. My destiny is to live as a freeman on the land my forefathers conquered and that I will fight to keep.
You have now been placed on notice. All further actions on your part will be willful!
Resolutely, from an American who demands their country back
See also Parens Patriae – Government as Parent
Joyce Rosenwald died in July 2011. While her web site has disappeared, Angela Stark of My Private Audio has maintained a web page in her honor which includes an excellent interview with Joyce as well as some of her research. Joyce lived in California and exposed some really important facts regarding the STATE OF CALIFORNIA and its judges. Web page for Joyce Rosenwald
August 28th, 2015 by olddog
By Shane Smith
It’s 3:00 in the morning. Your wife and young children are asleep. You hear a commotion outside, followed by the sound of a window rattling. You get up, grab your 12 gauge and creep down the stairs. You hear window glass breaking. A black-clad man scrambles in, and while he does, you exercise your right to defend your house and shoot. The man dies.
In a free society, this would be an acceptable, indeed, admirable, use of force in defense of your home and family. There’s only one catch: the man you shot is a cop. In a free, sane society, the benefit of the doubt would be given to you. You saw a masked thug climbing into a broken window, and for all you knew, intended to kill you and your family. You used justifiable deadly force to repel an attack against your home.
The fault would lie with the team of officers who attempted a highly dangerous operation that got a fellow officer killed, and they would be punished accordingly for acting so stupidly. Am I right? BUT, we don’t live in a sane society do we? We live in a 50k SWAT raid-per-year society, a society that worships police and when something like this does happen, the police are given a pass and the man defending his home from an unknown threat is charged with murder.
Killeen, Texas resident, Marvin Louis Guy, is just such a man, in just such a situation. You see, the Killeen SWAT team thought it would be a grand idea to execute a no-knock raid on Guy’s house at 5:30 in the morning. As they were breaking through his window, Guy opened fire on them, killing Charles Dinwiddie and wounding three other officers. They were acting on a bogus tip from an informant who promised that bags of cocaine would be found. Nothing of the kind was recovered. Charges against Guy do not stem from any drug crime, but solely from his successful attempt to fend off an attack on his home.
From KDH News: In Texas, anyone who kills a peace officer who is acting in the lawful discharge of an official duty can be charged with capital murder and could face the death penalty, if convicted.
Texas officials should be far more concerned with the lawfulness, and wisdom, of allowing officers to engage in this type of behavior than whether to sentence Guy to life or the needle. Stories like this always bring the mind back to the senseless, artificial nature of the Drug War. The Drug War paved the way for Dinwiddie to meet his demise on that early morning. Without the Drug War he would still be alive. Guy’s life wouldn’t currently be hanging on the slender threads of fate in Texas. The Drug War is the most reality-denying public policy being pursued today, and the body count daily climbs higher as it is allowed to continue.
Back to the beginning hypothetical: If black-clad men were breaking into your home in the middle of the night, would you use lethal force to defend your home? And if you did, and the dead intruders turned out to be police, what would it say about the society you lived in when you were sentenced to death? How much criminal activity can hide behind a badge? How far can an officer go before a citizen of a free republic has a right to intervene? And if those who are officially tasked with enforcing the law become the principal threat to the law of a free society, when will citizens put an end to the contradiction?
A man breaks into a home and the owner pulls a trigger to end a threat to his property and life. That is law; that is just. A society that recognizes it as such will draw nearer to the ideal of liberty. A society that turns a blind eye when innocent men and women are prosecuted for defending their homes will not remain free for long.
When police break into homes in the middle of the night, unannounced, they are taking their lives into their hands. It’s dangerous and stupid in the extreme, and as a result, many end up dead. There are many other examples of police killing and getting killed by barging into houses in the middle of the night. It seems senseless, but these SWAT raids are a direct outgrowth of the War on Drugs.
End this ridiculous crusade against the personal choices of citizens and the SWAT raids will end. Departments will have to give up their warzone goodies, as they won’t be needed any more. People will get high safely, and ditch the synthetics and prescription drugs, which have been given a market due to the War on a Plant.
The government knows this; however, the Drug War is their means into our wallets and lives, and a backdoor to our liberty. It’s their cash cow, their Golden Goose, it justifies billions in government jobs and departments. It’s the excuse for the Police State itself. The black-market crime wave that the Drug War gins up gives state and federal government the excuse for more legislation, more police, more abuse. It incentivizes employing more violent, authoritarian personalities in law enforcement positions. If you are in search of the hive, the Mother Brain of the American Police State, you will find it residing within the Drug War bureaucracy. Attack that bureaucracy by attacking the Drug War itself.
Legalization will deal the mortal wound to the hydra that has coiled itself around our lives and liberties. We can use its reaction as a compass. If full legalization gains steam throughout the country, every base emotion will be appealed to in order to prevent it. The creature will appeal to your fear, your anger, your patriotism, vanity, envy, pride … everything will be summoned to prevent the stake from being driven home. Ignore its screams, and act knowing full well that you act for the liberty of not just your generation, but the generations to come.
There is only two ways that cops are getting in my home alive, and that is to knock on the door with a warrant in their hand, or stepping over my dead body. If the reader disapproves of this, and finds solace in being compliant to tyranny, I pity your family.
August 27th, 2015 by olddog
By Dave Hodges
Trapped within the fanfare Chinese Black Monday and the American stock market plunging almost 600 points yesterday, suspicious explosions in China and on an American military base, there has been a very important, but quiet development ,which is escaping the attention of both the American people and the Independent Media.
The Corker Bill Spells the End of the Second Amendment
We are safe from the ravages of the UN Small Arms Treaty, aren’t we? In fact, many Senators have openly stated that they refuse to ratify this controversial treaty. Well, that is not exactly true. There is a new process established by the new Corker bill may very well have changed the way treaties are passed from here on out.
Under our Constitution, a full two thirds vote from senators for ratification to approve any kind of a treaty. This provision of the Constitution is very clear on this point and it is designed to prevent a treasonous subversion of the Constitution. However when one is living under a criminal enterprise, such as the one presented by the present criminal enterprise in power, who worries about following the rules? As a case in point, under the Corker bill, in order to have stopped the Iran nuclear deal, a two thirds vote to stop it from being implemented by the White House. This is not what the Constitution says and this out and out treason against the people of the United States as the Corker bill is a back door to taking our guns while nullifying the second Amendment.
Under the Corker bill, the following paragraphs describe what we are in for.
The Plot to Disarm America Is Commencing
The evidence is mounting that Obama and his colleagues at the United Nations are preparing for complete gun confiscation of civilian owned American guns. There is a new document, previously held secret, which has surfaced and clearly signals the intention of the United Nations to engage in gun confiscation in the relatively near future. The document is damning, however, the existence of the document is not even needed to prove the point that there is a major confrontation brewing between the American people and an international peace-keeping UN force, and it’s coming right around the corner.
Another Nail In America’s Coffin
The following is a smoking gun document that presents seven sequential steps designed to culminate in the total disarmament of the American nation. For those of you that know your history, you will note that there were 17 genocides in the 20th Century and in each case, these genocides were preceded by gun confiscation by the host government. According to theDemocide Project located at the University of Hawaii, governments killed far more people, an estimated 26o million victims, than even war. History shows that if we ever allow government, the UN, or the U.S., to ever be able to seize our guns, we are signing our death warrant!
The following document is a declaration of war against the United States people. For those who find the document to be on the blurry side, scroll down to the Appendix to view a clearer copy.
The UN and its cohorts have accomplished steps 1-5 (see below). They are now working on steps 6 and 7 which would constitute complete disarmament of the American people.
If one examines the first five steps of the plot, it is easy to ascertain the pattern of gun confiscation that Obama has attempted to follow. I do not believe that Obama has to completely implement steps 1-5 before moving to enforce steps 6 and 7. Therefore, even though Obama has not completely implemented the first five steps across the country, he has done enough to usher in Steps 6 and 7 in this United Nations disarmament plan. Steps 6 and 7 are listed below:
“6. Finally, codification of laws to completely makes any and all firearms illegal to own, possess or use outside of military and law enforcement usage.
Creation of a United Nations Police Taskforce with the specific mission of assisting member nations with the collection of weaponry from civilian hands”.
The proof for the validity of the intentions signaled by this document does not lie in the authenticity of any single document. The smoking gun evidence that Obama is progressively moving towards seizing all 300,000,000 civilian guns in this country, lies in the ubiquitous manner in which Obama has pursued sequential and progressive steps toward the disarming of the American people. As it has been said, “Judge a man by what he does, not by what he says”. The cases in point would be what Obama has tried to accomplish after the Boston Marathon Bombing, the Batman Aurora, CO. shootings and the Sandy Hook event. With some very sloppy bootstrapping steps following these events, Obama has progressively attempted to make guns more difficult to obtain and he has greatly expanded what is defined as “military grade weapons” and to limit what is considered to be “appropriate” for hunting as he has tried to block Americans from obtaining as many of these weapons as possible.
“1. Classification of military grade weapons to be made illegal for possession”.
“4. Codification of laws to begin the restricting and strict licensing of hunting grade firearms.”
I am certain that most people familiar with present Second Amendment debates will recognize the various and omnipresent “gun buy-back” programs funded with your tax money designed to remove guns from civilian hands.
“2. Creation of programs to provide reasonable compensation for voluntary surrender of said arms”.
How many times have we witnessed Obama standing before the cameras and national press corps and threaten to take unilateral action against our gun rights following each one of the false flag events mentioned above? In each instance, Obama has used thinly veiled excuses that he only wants to take away guns that “military grade weapons”.
“1. Classification of military grade weapons to be made illegal for possession.
- Codification of laws to restrict the sale of, and possession of ammunition and components to manufacture ammunition”.
Connecting the Dots for Gun Confiscation
Even if the the UN document designed to disarm America, listed above, was not genuine (and it is), the following, very public document has been proven to be very authentic.
Under the heading, “Hiding in plain sight”, the United Nations has been advertising for the following position for over a year:
Posting Title: Disarmament, Demobilization and Reintegration Officer, P4
Job Title Code: DISARMAMENT, DEMOBILIZATION AND REINTEGRATION OFFICER
Department/Office: Department of Peacekeeping Operations
Duty Station: New York
Job Description: A minimum of seven years of progressively responsible experience in disarmament, demobilisation and reintegration or related area. Experience working within peacekeeping, peace-building or development programmes operations is desirable. Experience with small arms control, conflict/post-conflict crisis management, economic recovery is desirable. Experience coordinating multiple partner agencies, funds or programmes is desirable.
Secretary of State, John Kerry, signing away America’s freedom, security and longevity as he signs the United Nations Arms Trade Treaty.
There is even more fuel to throw on this raging fire as we consider the fact that, at the behest of President Obama, Secretary of State John Kerry illegally, and in direct violation to the Constitution of the United States, signed the United Nations Arms Trade Treaty. The UN Arms Trade Treaty contains all 7 provisions listed above in the Disarmament Commission of the United Nations.
We should also be focusing on the military invasion that is about to unfold in this country. This will be the military invasion that will be UN sponsored and it will be the one that seizes our guns. Take a look at the following images of UN military vehicles spotted and photographed in our country in the past 14 months.
An occupation force is being mobilized.
Thanks to Congress, Obama has found a backdoor way around the Second Amendment by subverting our treaty process. The stealth in which this is occurring is mind-boggling. I hope that many of the readers will share this information with friends and neighbors. Americans cannot comply with the treason that will arise out of this act.
August 26th, 2015 by olddog
By Jon Rappoport
August 24, 2015
(To read about Jon’s mega-collection, The Matrix Revealed, click here.)
The powerful Globalist players at the Council on Foreign Relations, the Bilderberg Group, and the Trilateral Commission are certainly watching the presidential campaign of Donald Trump.
Trump has already made statements about immigration they find troubling. They may or may not be taking Trump’s presidential run seriously. They may or may not view him as an inconsequential blowhard, a shoot-from-the-hip cowboy who forgets today what he said yesterday—but today the New York Times has made reference to Trump in a way that will make these Globalist heavy hitters pause and blink while drinking their morning coffee (Here in “As Stock Market Plunges, Donald Trump Takes a Worldview” by Alan Rappoport):
“Mr. Trump has said that bad trade deals with China and Mexico are to blame for a sluggish American economy and weak job creation. He has promised to make ‘great’ deals with other countries to protect American workers and has threatened to raise taxes on imports to the United States to bolster domestic production.”
It’s the last part that rings alarm bells and shoots firecrackers into the sky:
“[Trump] has threatened to raise taxes on imports to the United States to bolster domestic production.”
Taxes on imports. Also known as tariffs.
Every significant trade-treaty negotiated since 1945 has been aimed at lowering or eliminating tariffs, in order to establish Globalist “free trade.”
Treaties like GATT, NAFTA, CAFTA, for example; as well as the current TPP and its cousins.
Free trade is code for: mega-corporations and banks can roam the planet and set up shop anywhere they please. They can bankroll and build production facilities, produce cheap goods, and sell them anywhere in the world without paying tariffs.
Tariffs would make that whole operation useless. It would defeat mega-corporate greed and ambition internationally.
“We’ve got these factories making gizmos in East Nowhere, we’re paying workers four cents an hour, we’ve got no environmental/health regs and rules that would raise production costs, there are no worker unions, and we’ve therefore got a big edge on our smaller competitors, because we can ship these gizmos anywhere in the world and sell them cheaper than they can, and all of this is possible because we pay no tariffs. If there were stiff tariffs, we’d have to shut down the whole scene, pack our bags, and leave…”
Globalism, at one level, is all about erasing tariffs.
Whether in a momentary fit, or by serious intent, Trump has crossed swords with the Globalists.
President Nixon tried that for a few moments in the early 1970s, and betrayed his main sponsor, David Rockefeller. Nixon erected a few tariffs to save American-based companies.
Rockefeller was and is Globalism personified.
Soon, Nixon found himself on a helicopter heading away from the White House for the last time.
Trump might want to think about pumping up his security detail.
He’s just stumbled into the Twilight Zone where money makes money for money making money. Trump $$$ is nothing compared with Globalist $$$.
He’s just pulled the pin on a quiescent grenade in the world of mainstream media, where the subject of tariffs is a no-no.
“Reggie, Klaus here. I was just reading the Times this morning. Did you see the reference to Donald Trump? Tariffs? Maybe we should take a second look at this lunatic. If he presses forward with the idea of protecting American businesses, and it catches on, and people figure out what he’s saying…if he figures out what he’s saying…we could have a problem. If all sorts of business people—I don’t mean people like us—but ordinary business people see a chance to come back to life…with tariffs to protect them…Trump’s campaign could take on a new dimension. We’d have to do whatever it takes to stop it…”
Yes, if the American people figure out that the new normal economy, as miserable as it actually is, is linked like a lock and key to the Globalist plan; if the American people figure out that no recent American president, including Obama, had any ambition whatsoever to lift up the American economy; that all these presidents are liars of the first order; something might happen.
If Trump, jumping and leaping and cavorting, suddenly grabs on to that secret and that issue, and tells the American people that their jobs really disappeared because of Globalist trade deals and no-tariffs…and he keeps growling and slathering and foaming…
He’s definitely caught the attention of the big-time Globalists at the CFR, the Trilateral Commission, and the Bilderberg Group.
Note to The Donald: Step up your security, and watch all the bankers you do business with very carefully. They will try to find a way to cut you off at the knees. You just stumbled into the Globalists’ private game preserve. They don’t like that shit.
The author of three explosive collections, THE MATRIX REVEALED, EXIT FROM THE MATRIX, and POWER OUTSIDE THE MATRIX, Jon was a candidate for a US Congressional seat in the 29th District of California. He maintains a consulting practice for private clients, the purpose of which is the expansion of personal creative power. Nominated for a Pulitzer Prize, he has worked as an investigative reporter for 30 years, writing articles on politics, medicine, and health for CBS Healthwatch, LA Weekly, Spin Magazine, Stern, and other newspapers and magazines in the US and Europe. Jon has delivered lectures and seminars on global politics, health, logic, and creative power to audiences around the world. You can sign up for his free No More Fake News emails here or his free Outside The Reality Machine emails here.
I am sorry to tell all you good folks that your hope and change dream just turned into nightmare, because “The Donald” just stepped on the wrong toes. However, when Trump is eliminated by the BIG BOYS maybe the outrage will sweep across the country and wake up the zombie voters, who will then figure out it has been a con game from the get go. The International Banking Cartel owns everything and they will nuke the whole earth before handing over our freedom to govern ourselves. You can take THAT to the bank! This shitstorm is the result of the people being too lazy to keep an eye on the bankers in the beginning, and continues to this day. Ignorance is not BLISS, it’s suicide!
Something might change.
August 25th, 2015 by olddog
By Michael Massey, who is a black writer in LA.
The below summary of Barack and Michelle Obama’s 6- year reign in the White House is by far the best I’ve ever read as it squarely hits the nail on the head.
And it took a black female reporter writing it to make it as effective as it is. A white man’s account would be instantly criticized by the liberal media as pure racism. But, how can anyone scream Racist when an exacting description of the Obama’s is penned by a well- known journalist of color?
BEST SUMMATION OF BARACK AND MICHELLE OBAMA EVER!
(Mychal Massie is a respected writer and talk show host in Los Angeles ..)
The other evening on my twitter, a person asked me why I didn’t like the Obama’s. Specifically I was asked: “I have to ask, why do you hate the Obama’s? It seems personal, not policy related. You even dissed (disrespect) their Christmas family picture.”
The truth is I do not like the Obama’s, what they represent, their ideology, and I certainly do not like his policies and legislation. I’ve made no secret of my contempt for the Obama’s. As I responded to the person who asked me the aforementioned question, I don’t like them because they are committed to the fundamental change of my/our country into what can only be regarded as a Communist state.
I don’t hate them per definition, but I condemn them because they are the worst kind of racialists, they are elitist Leninists with contempt for traditional America. They display disrespect for the sanctity of the office he holds, and for those who are willing to admit same, Michelle Obama’s raw contempt for white America is transpicuous.
I don’t like them because they comport themselves as emperor and empress. I expect, no I demand respect, for the Office of President, and a love of our country and her citizens, from the leader entrusted with the governance of same.
President and Mrs. Reagan displayed an unparalleled love for the country and her people. The Reagan’s made Americans feel good about themselves and about what we could accomplish.
Obama’s arrogance by appointing 32 leftist czars and constantly bypassing Congress is impeachable. Eric Holder is probably the MOST incompetent and arrogant DOJ head to ever hold the job. Could you envision President Reagan instructing his Justice Department to act like jack-booted thugs?
Presidents are politicians, and all politicians are known and pretty much expected to manipulate the truth, if not outright lie. But even using that low standard, the Obama’s have taken lies, dishonesty, deceit, mendacity, subterfuge and obfuscation to new depths. They are verbally abusive to the citizenry, and they display an animus for civility.
I do not like them because they both display bigotry overtly, as in the case of Harvard Professor Louis Gates when he accused the Cambridge Police of acting stupidly, and her code speak pursuant to now being able to be proud of America. I view that statement and that mind set as an insult to those who died to provide a country where a Kenyan, his illegal alien relatives, and his alleged progeny could come and not only live freely, but rise to the highest, most powerful, position in the world.
Michelle Obama is free to hate and disparage whites because Americans of every description paid with their blood to ensure her right to do that. I have a saying, that “the only reason a person hides things is because they have something to hide.” No President in history has spent over a million dollars to keep his records and his past sealed. (AND THE ‘SILENT MAJORITY’ REMAIN SILENT!)
And what the two of them have shared has been proven to be lies. He lied about when and how they met, he lied about his mother’s death and problems with insurance, Michelle lied to a crowd pursuant to nearly $500,000 bank stocks they inherited from his family. He has lied about his father’s military service, about the civil rights movement, ad nausea. He lied to the world about the Supreme Court in a State of the Union address.
He berated and publicly insulted a sitting Congressman. He has surrounded himself with the most rabidly, radical, socialist academicians today. (DON’T FORGET THE ‘DEVOTED MUSLIMS’ HE’S PLACED IN GOV’T) He opposed rulings that protected women and children that even Planned Parenthood did not seek to support. He is openly hostile to business and aggressively hostile to Israel.
His wife treats being the First Lady as her personal American Express Black Card (arguably the most prestigious credit card in the world). I condemn them because, as people are suffering, losing their homes, their jobs, their retirements, he and his family are arrogantly showing off their life of entitlement – as he goes about creating and fomenting class warfare.
I don’t like them, and I neither apologize nor retreat from my public condemnation of them and of his policies. We should condemn them for the disrespect they show our people, for his willful and unconstitutional actions pursuant to obeying the Constitutional parameters he is bound by, and his willful disregard for Congressional authority.
Dislike for them has nothing to do with the color of their skin; it has everything to do with their behavior, attitudes, and policies. And I have open scorn for their constantly playing the race card. I could go on, but let me conclude with this. I condemn in the strongest possible terms the media for refusing to investigate them, as they did President Bush and President Clinton, and for refusing to label them for what they truly are. There is no scenario known to man, whereby a white President and his wife could ignore laws, flaunt their position, and lord over the people, as these two are permitted out of fear for their color.
As I wrote in a syndicated column titled, “Nero In The White House” – “Never in my life, inside or outside of politics, have I witnessed such dishonesty in a political leader. He is the most mendacious political figure I have ever witnessed. Even by the low standards of his Presidential predecessors, his narcissistic, contumacious arrogance is unequaled. Using Obama as the bar, Nero would have to be elevated to sainthood.
Many in America wanted to be proud when the first person of color was elected President, but instead, they have been witness to a congenital liar, a First Lady who has been ashamed of America her entire life, failed policies, intimidation, and a commonality hitherto not witnessed in political leaders. He and his wife view their life at our expense as an entitlement – while America ‘s people go homeless, hungry and unemployed.
Please resend to all your address book.
America has to wake up before it is too late!
Just more evidence that a persons mind is more important than their race!
YOU GO GAL!