Tag Archive: Crash


Petrodollar done

I did this on the petrodollar awhile back but, never posted it. I decided to now after seeing the Reality Check video.

PETRODOLLOR PRIMER

Given that the US dollar is no longer based on the proportion of gold reserves, so what is it based on? Why is the US involved in conflicts all over the world? Why are we on the verge of attacking Iran for the suspicion of maybe, sort of, having a nuclear weapons program? Which, Iran is years away from perfecting. Even if they were enriching materials for that purpose they have the right. So, why would the US start WW III over WMD that don’t exist? The answer; the bankers and corporate elite have to protect their interest at any cost. Even snuffing the lives of men, women and children, destroying economies and invading sovereign countries is not too high in their eyes. There will be hell to pay when the US wars of aggression come home to roost.

Now let’s go back in time to August of 1971 when then President Nixon proclaimed: “I have directed the Secretary of the Treasury to take the action necessary to defend the dollar against the speculators. I have directed Secretary Connolly to suspend temporarily the convertibility of the dollar into gold or other reserve assets, except in amounts and conditions determined to be in the interest of monetary stability and in the best interest of United States.” Before Nixon’s statement it was clear to the world and notably France that the US was printing more Vietnam War dollars than gold reserves would allow. Given this fact, nations began demanding payment in gold for their dollars per the Bretton Woods agreement of 1944. For the nations that delegated their gold to the US, this was absolute pilfering for self-interests. In one foul swoop dollars where transformed into fiat currency giving the Federal Reserve ability to print worthless dollars out of thin air devaluing each with every new one printed. This system would be fine as derived by Sec. of State Henry Kissinger, except when demand for dollars fall.

Reality Check

watch?v=K9VLp0FcJ6I

To make sure there was a demand for US dollars Kissinger and Nixon convinced King Faisal of Saudi Arabia that the US would protect Saudi Arabian oilfields from any and all invaders. Of course the US wanted something in return. Saudi Arabia and by annex OPEC, agreed to sell their oil in US dollars only. Every country that wanted to by oil from OPEC first had to exchange their money into worthless US dollars first, at a loss most of the time. Participating nations as part of the deal also had to invest profits in US treasuries and bonds. How sweet it was for the US corporations and the elitist bankers. The US economy grew by leaps and bounds. The printing presses rolled as nations exported their goods for fiat dollars, buying oil in return. The scam was grand. The Military Industrial Complex grew like an out of control wildfire with the never ending influx of green paper. No country could compete against the might of the US military, not even the great Soviet Union in 1991. If you didn’t want to play the game, then you were forced. Oh, the scam got even grander, the only and biggest super power was created. There would be Pax Per Poten (peace through power).  The Petrodollar was born.

The same year the Soviet Union collapsed the US invaded Iraq. Destroying their developing country and crippling their military. Imposing harsh sanctions, which starved innocent children and their families. Zionist pig Madeline Albright thought it was worth it http://www.youtube.com/watch?v=FbIX1CP9qr4. In 2000 Iraq starting trading oil in euros causing the bankers to go into panic mode, they would not get away with that. Shortly after came the USrael false flag attack on the New York World Trade Center. The dreamed up threat of WMD in Iraq gave reason to invade the country and abruptly convert oil trade back into US petrodollars. But that is not the only country wanting to move away from the petrodollar. Egypt, Libya, Syria and others are looking to get out of the scam. Russia and China have started and want to trade more with their own currency. The list will grow as other countries wakeup to the largest scam in history. The petrodollar and its military might will fight tooth and nail to the end. The list of countries to convert and dominate is presently being aligned as the threat to petrodollars increase. Wesley Clark is an insider but, you get the picture here. http://www.youtube.com/watch?v=brckLyM1_FE .

Any country trying to get out of the petrodollar monopoly will be invaded and controlled and the list is growing. But, now the Fed Reserve banksters are losing their footing on a slippery rock and are about to fall into the water and drown. Their arms are flailing, lungs gasping for breath and legs getting tired. Unlimited QE3 will be the concrete slippers. The US economy will be pulled under along with the petrodollar.  Now ask yourself, how do we have a national debt if the worthless currency isn’t even real? Do they really care about you? No!

This was sent in an email, I don’t know who penned it or it’s origin but found it an interesting senerio.

Given the economic conditions across the pond with food riots already starting in Spain and other hard hit lands it just a matter of time until they jump the pond. We no longer have an American economy; we have a global financial system. Every country is tied together with the chains of the elite banking system. A system of complete control lorded over the workers of the world. You, me, and others work for pieces of paper “they” tell you are worth something, and even if they had any value, you give them right back to the banks from which they came. The Horror of coming events when all awake to the game.

Egypt food riots

 

Coming Food Riots

In response to recent articles in mainstream military journals
discussing the use of the U.S. Army to quell insurrections on American
soil, I offer an alternate vision of the future. Instead of a small
town in the South as the flash point, picture instead a score of U.S.
cities in the thrall of riots greater than those experienced in Los
Angeles in 1965 (Watts), multiple cities in 1968 (MLK assassination),
and Los Angeles again in 1992 (Rodney King). New Yorkers can imagine
the 1977 blackout looting or the 1991 Crown Heights disturbance. In
fact, the proximate spark of the next round of major riots in America
could be any from a long list cribbed from our history.

We have seen them all before, and we shall see them all again as
history rhymes along regardless of the century or the generation of
humankind nominally in control of events. But the next time we are
visited by widespread, large-scale urban riots, a dangerous new
escalation may be triggered by a new vulnerability: It’s estimated
that the average American home has less than two weeks of food on
hand. In poor minority areas, it may be much less. What if a cascading
economic crisis, even a temporary one, leads to millions of EBT
(electronic benefit transfer) cards flashing nothing but zeroes? Or if
the government’s refusal to reimburse them causes supermarket chains
to stop accepting them for payment? The government can order the
supermarkets to honor the cards, but history’s verdict is clear: If
suppliers are paid only with worthless scrip or blinking digits, the
food will stop.

STEP ONE: FLASH MOB LOOTING

In my scenario, the initial riots begin spontaneously across affected
urban areas, as SNAP (supplemental nutrition assistance program) and
other government welfare recipients learn that their EBT cards no
longer function. This sudden revelation will cause widespread anger,
which will quickly lead to the flash-mob looting of local supermarkets
and other businesses. The media will initially portray these “food
riots” as at least partly justifiable. Sadly, millions of Americans
have been made largely, or even entirely, dependent on government
wealth transfer payments to put food on their tables.

A new social contract has been created, where bread and circuses buy a
measure of peace in our minority-populated urban zones. In the era of
ubiquitous big-screen cable television, the internet and smart phones,
the circus part of the equation is never in doubt as long as the
electricity flows. But the bread is highly problematic. Food must be
delivered the old-fashioned way: physically. Any disruption in the
normal functioning of the EBT system will lead to food riots with a
speed that is astonishing. This will inevitably happen when our
unsustainable, debt-fueled binge party finally stops, and the music is
over. Now that the delivery of free or heavily subsidized food is
perceived by tens of millions of Americans to be a basic human right,
the cutoff of “their” food money will cause an immediate explosion of
rage. When the hunger begins to bite, supermarkets, shops and
restaurants will be looted, and initially the media will not condemn
the looting. Unfortunately, this initial violence will only be the
start of a dangerous escalation.

The ransacked supermarkets, convenience stores, ATMs and gas stations
will not be restocked during this period due to the precarious
security situation. A single truck loaded with food or gasoline would
be perceived to be a Fort Knox on wheels and subject to immediate
attack unless heavily protected by powerfully armed security forces,
but such forces will not be available during this chaotic period.
Under those conditions, resupply to the urban areas cannot and will
not take place. The downward spiral of social and economic dysfunction
will therefore both accelerate and spread from city to city. These
delays, in turn, will lead to more riots with the constant underlying
demand that hungry people be fed, one way or another.

Catch-22, anyone? When these demands do not bring the desired outcome,
the participants will ratchet up the violence, hoping to force action
by the feckless state and national governments.

The “food riots” will be a grass-roots movement of the moment born out
of hunger and desperation. It will not be dependent upon leaders or an
underlying organization, although they could certainly add to the
sauce. Existing cell phone technology provides all the organization a
flash mob needs. Most of the mobs will consist of minority urban
youths, termed MUYs in the rest of this essay. Which minority doesn’t
matter; each urban locale will come with its own unique multi-ethnic
dynamic.

Some locales will divide upon religious or political lines, but they
will not be the dominant factors contributing to conflict. In the
American context, the divisions will primarily have an ethnic or
racial context, largely because that makes it easy to sort out the
sides at a safe distance. No need to check religious or political
affiliation at a hundred yards when The Other is of a different color.

We Americans are all about doing things the easy way, so, sadly,
visible racial and ethnic features will form the predominant lines of
division.

Would that it were not so, but reality is reality, even when it’s is a bitch.

Especially then.

NEXT STEP: FLASH MOB RIOTS

In order to highlight their grievances and escalate their demands for
an immediate resumption of government benefits, the MUY flash mobs
will next move their activities to the borders of their ethnic
enclaves. They will concentrate on major intersections and highway
interchanges where non-MUY suburban commuters must make daily passage
to and from what forms of employment still exist. People making a
living will still be using those roads to get to where they earn their
daily bread.

The results of these clashes will frequently resemble the intersection
of Florence and Normandie during the Rodney King riots in 1992, where
Reginald Denny was pulled out of his truck’s cab and beaten nearly to
death with a cinder block. If you don’t remember it, watch it on
Youtube. Then imagine that scene with the mob-making accelerant of
texting and other social media technology added to stoke the fires.
Instead of a few dozen thugs terrorizing the ambushed intersections,
in minutes there will be hundreds.

Rioters will throw debris such as shopping carts and trash cans into
the intersection, causing the more timid drivers to pause. The mobs
will swarm the lines of trapped cars once they have stopped. Traffic
will be forced into gridlock for blocks in all directions. Drivers and
passengers of the wrong ethnic persuasions will be pulled from their
vehicles to be beaten, robbed, and in some cases raped and/or killed.
It will be hyper-violent and overtly racial mob behavior, on a massive
and undeniable basis.

Some of those trapped in their cars will try to drive out of the area,
inevitably knocking down MUY pedestrians and being trapped by even
more outraged MUYs. The commuters will be dragged out of their cars
and kicked or beaten to death. Other suburban commuters will try to
shoot their way out of the lines of stopped cars, and they will meet
the same grim fate once they run out of bullets and room to escape.

The mob will be armed with everything from knives, clubs and pistols
to AK-47s. A bloodbath will result. These unlucky drivers and their
passengers will suffer horribly, and some of their deaths will be
captured on traffic web cameras. Later, these terrible scenes will be
released or leaked by sympathetic government insiders and shown by the
alternative media, which continue to expand as the traditional media
become increasingly irrelevant.

Implausible, you insist?

This grim tableau is my analysis of age-old human behavior patterns,
adding flash mobs and 2012 levels of racial anger to the old recipe.
Early-teenage MUYs today are frequently playing “The Knockout Game” on
full bellies, just for kicks, and proudly uploading the videos. They
and their older peers can be expected to do far worse when hunger and
the fear of starvation enter their physical, mental, and emotional
equations. The blame for their hunger will be turned outward against
the greater society, and will be vented at first hand against any
non-MUY who falls into their grasp while they are in the thrall of mob
hysteria. These episodes of mass psychology we will refer to as “flash
mob riots”, “wilding”, or some other new name.

THE OFFICIAL POLICE RESPONSE TO FLASH MOB RIOTS

To gear up for even a single “Florence and Normandie on steroids”
flash mob street riot, city police departments will require an hour or
longer to stage their SWAT teams and riot squads in position to react.
Ordinary patrol cars in small numbers will not venture anywhere near
such roiling masses of hysterical rioters, not even to perform
rescues. Those citizens trapped in their cars cannot expect timely
assistance from local or state authorities.

Even in the first days of widespread riots, when the police forces are
well rested, it might take several hours to mount a response
sufficient to quell the disturbance and restore order to even one
major street intersection riot. In the meantime, scores of innocent
commuters will have been attacked, with many of them injured or killed
and left at the scene. It will be a law enforcement nightmare to quell
the disturbance, mop up lingering rioters, restore security, and bring
medical attention to the living and get medical examiners to the dead.
And each jurisdiction will face potentially dozens of such scenes,
thanks to the ability for MUYs to cross-communicate at will using
their wireless devices.

The far more difficult challenge for the police is that by the time
they are suited in riot gear, armed and geared up to sweep the
intersection, it will probably be empty of rioters. The police, with
their major riot squad reaction times measured in hours, will be
fighting flash mobs that materialize, cause mayhem, and evaporate in
only fractions of hours. This rapid cycle time is a clear lesson taken
from massive riots by immigrant French Muslim MUYs in their own
religious enclaves and bordering areas.

The American flash mob riot will exist almost entirely inside the law
enforcement OODA (observe, orient, decide, act) loop. In other words,
the rioters will have a much quicker reaction time than the police.
Until fairly recently, superior police communications meant that they
could use their radio networks as a force multiplier. With their
networking advantage and cohesive reactions both within a department
and among cooperating local agencies, police could act as shepherds
guiding or dispersing a wayward stampeding flock.

Today, the mob has the greater advantage, immediately spreading word
of every police preparation by text and Tweet, even in advance of the
police movement. Attempts by the authorities to stop the flash mobs by
blocking and jamming wireless transmissions will have limited success.

It is at this point that the situation spirals out of control.

The enraged mobs in urban America will soon recognize that their
spontaneous street riots cannot be stopped by the police, and then
they will grow truly fearsome. For the police, it will be a losing
game of Whack-a-Mole, with riots breaking out and dispersing at a
speed they cannot hope to match. The violence will spread to
previously unaffected cities as an awareness of law enforcement
impotence is spread by television and social media. After a few days,
the police forces will be exhausted and demoralized. As the violence
intensifies and spreads, and in the absence of any viable security
arrangements, supermarkets and other stores will not be restocked,
leaving the MUYs even more desperate and angry than before. The
increasing desperation born of worsening hunger will refuel the
escalating spiral of violence.

Nor will violent conflict be only between the inhabitants of the urban
areas and the suburbs. The international record of conflict in
tri-ethnic cities is grim, making the old bi-racial dichotomy formerly
seen in America seem stable by comparison. In tri-ethnic cities the
perceived balance of power is constantly shifting, with each side in
turn feeling outnumbered and outmuscled. Temporary truces, betrayals
and new alliances follow in rapid succession, removing any lingering
sense of social cohesion.

The former Yugoslavia, with its Catholic, Orthodox and Muslim
divisions, comes starkly to mind. The Lebanese Civil War between the
Christians, Sunnis, Shiites and Druze raged across Beirut (at one time
known as “The Paris of the Middle East”) for fifteen brutal years.
Once a city turns on itself and becomes a runaway engine of
self-destruction, it can be difficult to impossible to switch off the
process and return to normal pre-conflict life. It’s not inconceivable
that the United States could produce a dozen Sarajevos or Beiruts,
primarily across racial instead of religious divides.

Vehicle traffic by non-minority suburban commuters through adjoining
minority areas will virtually halt, wrecking what is left of the local
economy. Businesses will not open because employees will not be able
to travel to work safely. Businesses in minority areas, needless to
say, will be looted. “Gentrified” enclaves of affluent suburbanites
within or near the urban zones will suffer repeated attacks, until
their inhabitants flee.

Radically disaffected minorities will hold critical infrastructure
corridors through their areas hostage against the greater society.
Highways, railroad tracks, pipe and power lines will all be under
constant threat, or may be cut in planned or unplanned acts of raging
against “the system.” As long as security in the urban areas cannot be
restored, these corridors will be under threat. Even airports will not
be immune. Many of them have been absorbed into urban areas, and
aircraft will come under sporadic fire while taking off and landing.

In the absence of fresh targets of value blundering into their areas,
and still out of food, MUYs will begin to forage beyond their
desolated home neighborhoods and into suburban borderlands. “Safe”
supermarkets and other stores will be robbed in brazen commando-like
gang attacks. Carjackings and home invasions will proliferate madly.
As I have discussed in my essay “The Civil War Two Cube,” so-called
“transitional” and mixed-ethnic areas will suffer the worst violence.
These neighborhoods will become utterly chaotic killing zones, with
little or no help coming from the overstretched police, who will be
trying to rest up for their next shift on riot squad duty, if they
have not already deserted their posts to take care of their own
families.

THE SUBURBAN ARMED VIGILANTE RESPONSE

In the absence of an effective official police response to the
exploding levels of violence, suburbanites will first hastily form
self-defense forces to guard their neighborhoods—especially ones
located near ethnic borders. These ubiquitous neighborhood armed
defense teams will often have a deep and talented bench from which to
select members, and they will not lack for volunteers.

Since 9-11, hundreds of thousands of young men (and more than a few
women) have acquired graduate-level educations in various aspects of
urban warfare. In the Middle East these troops were frequently tasked
with restoring order to urban areas exploding in internecine strife.
Today these former military men and women understand better than
anyone the life-or-death difference between being armed and organized
versus unarmed and disorganized.

Hundreds of thousands if not millions of veterans currently own rifles
strikingly similar to those they carried in the armed forces, lacking
only the full-automatic selector switch. Their brothers, sisters,
parents, friends, and neighbors who did not serve in the military are
often just as familiar with the weapons, if not the tactics. Today the
AR-pattern rifle (the semi-automatic civilian version of the familiar
full-auto-capable M-16 or M-4) is the most popular model of rifle in
America, with millions sold in the past decade. Virtually all of them
produced in the past decade have abandoned the old M-16′s signature
“carrying handle” rear iron sight for a standardized sight mounting
rail, meaning that virtually every AR sold today can be easily
equipped with an efficient optical sight. Firing the high-velocity
5.56×45 mm cartridge and mounted with a four-power tactical sight, a
typical AR rifle can shoot two-inch groups at one hundred yards when
fired from a steady bench rest. That translates to shooting eight- to
ten-inch groups at four hundred yards.

Four hundred yards is a long walk. Pace it off on a straight road, and
observe how tiny somebody appears at that distance. Yet a typical AR
rifle, like those currently owned by millions of American citizens,
can hit a man-sized target at that range very easily, given a stable
firing platform and a moderate level of shooting ability.

And there are a far greater number of scoped bolt-action hunting
rifles in private hands in the United States. Keep this number in
mind: based on deer stamps sold, approximately twenty million
Americans venture into the woods every fall armed with such rifles,
fully intending to shoot and kill a two-hundred-pound mammal. Millions
of these scoped bolt-action deer rifles are quite capable of hitting a
man-sized target at ranges out to and even beyond a thousand yards, or
nearly three-fifths of a mile. In that context, the 500-yard effective
range of the average semi-auto AR-pattern rifle is not at all
remarkable.

So, we have millions of men and women with military training, owning
rifles similar to the ones they used in combat operations overseas
from Vietnam to Afghanistan. Many of these Soldiers and Marines have
special operations training. They are former warriors with experience
at conducting irregular warfare and counter-terrorism operations in
dangerous urban environments. They are the opposite of unthinking
robots: their greatest military talent is looking outside the box for
new solutions. They always seek to “over-match” their enemies, using
their own advantages as force multipliers while diminishing or
concealing their weaknesses. These military veterans are also ready,
willing and able to pass on their experience and training to
interested students in their civilian circles.

Let’s return to our hypothetical Florence and Normandie intersection,
but this time with hundreds of rioters per city block, instead of mere
dozens. Among the mobs are thugs armed with pistols and perhaps even
AK-47s equipped with standard iron sights, and except in rare cases,
these rifles have never been “zeroed in” on a target range. In other
words, past a medium distance of fifty to a hundred yards, these MUY
shooters will have little idea where their fired bullets will
strike—nor will they care. Typically, most of the rioters armed with a
pistol, shotgun or an iron-sighted rifle could not hit a mailbox at a
hundred yards unless by luck. Inside that distance, any non-MUY could
be at immediate risk of brutal death at the hands of an enraged mob,
but beyond that range, the mob will pose much less danger.

Taking this imbalance in effective ranges of the firearms most likely
to be available to both sides, certain tactical responses are sure to
arise, and ranking near the top will be the one described next.

THE SNIPER AMBUSH: THE NEW TACTIC OF CHOICE

The sniper ambush will predictably be used as a counter to rampaging
mobs armed only with short- to medium-range weapons. This extremely
deadly trick was developed by our war fighters in Iraq and
Afghanistan, taking advantage of the significant effective range and
firepower of our scoped 5.56mm rifles. Tactics such as the sniper
ambush may not be seen early in the civil disorder, but they will
surely arise after a steady progression of atrocities attributed to
rampaging MUYs.

Street intersection flash mob riots will not be the only type of
violence exploding during periods of civil disorder. As mentioned
earlier, the number and ferocity of home invasions will skyrocket, and
they will be very hard to defend against. Neighborhood self-defense
forces will be able to protect a group of homes if they are located on
cul-de-sacs or in defensible subdivisions with limited entrances,
turning them overnight into fortified gated communities. Individual
homes and apartment buildings located in open grid-pattern
neighborhoods with outside access from many directions will be much
more difficult to defend, and the home invasions will continue.

Carjacking and other forms of armed robbery will proliferate to
previously unimagined levels, leading to a total loss of confidence in
the government’s ability to provide security across all social lines.
Stray bullets striking pedestrians or penetrating houses will take a
frightening toll, even in areas previously considered to be safe. The
police will be exhausted by constant riot-squad duty, and will not
even respond to reports of mere individual acts of violent
criminality. They will simply be overwhelmed, and will be forced to
triage their responses. The wealthy, powerful and politically
well-connected will demand the lion’s share of remaining police
resources, further diminishing the safety of average Americans.

In that context, neighborhood self-defense forces will form the
nucleus of the armed vigilante direct action groups which will spring
up next in the progression. Suburban anger will continue to build
against the MUYs, who are perceived to be the originators of the home
invasions and gang-level armed looting raids. Survivors of street
ambushes, carjackings and home invasions will tell blood-curdling
tales and show horrific scars.

The neighborhood defense teams will evolve into proactive suburban
armed vigilante groups (SAVs) out of a desire to preemptively take the
violence to their perceived enemies, instead of passively waiting for
the next home invasion or carjacking. The SAV teams will consist of
the more aggressive and gung-ho members of the self-defense forces,
who met and compared notes. Often they will be young men with recent
combat experience in the armed forces, who will apply their military
training to the new situation. Major intersections and highway
interchanges where ambush riots have previously occurred will be among
the SAV targets. The SAV reaction times will be measured in minutes,
compared to the hours required by major police department SWAT teams
and riot squads.

A SAMPLE SNIPER AMBUSH SCENARIO

When word is received that a flash mob is forming at one of their
pre-reconnoitered intersections or highway interchanges, the SAV team
will assemble. Sometimes cooperating police will pass tactical intel
to their civilian friends on the outside. Some clever individuals will
have exploited their technical know-how and military experience to
build real-time intel collection tools, such as private UAVs. Police
will have access to urban security camera footage showing MUYs moving
barricade materials into position—a normal prerequisite to a flash mob
riot intended to stop traffic. Tip-offs to the vigilantes will be
common, and where the networks are still functioning, citizens may
still be able to access some video feeds. Sometimes, police will even
join the SAV teams, incognito and off-duty, blurring the teams into
so-called “death squads.”

The operation I will describe (and it’s only one of dozens that will
be tried) uses two ordinary pickup trucks and eight fighters. Two
riflemen are lying prone in the back of each truck, facing rearward,
with removable canvas covers concealing their presence. Their
semi-automatic, scoped rifles are supported at their front ends on
bipods for very accurate shooting. A row of protective sandbags a foot
high is between them and the raised tailgate.

In the cab are a driver and a spotter in the passenger seat who also
serves as the vehicle’s 360-degree security. The two trucks don’t ever
appear on the same stretch of road, but coordinate their movements
using one-word brevity codes over small FRS walkie-talkie radios. Each
truck has a series of predetermined elevated locations where the
intersection in question will lie between 200 and 500 yards away. Each
truck is totally nondescript and forgettable, the only detail perhaps
being the non-MUY ethnicity of the suburbanite driver and spotter
driving relatively near to a riot in progress.

By the time the two SAV pickup trucks arrive at their firing positions
on different streets and oriented ninety degrees to one another, the
flash mob riot is in full swing. A hundred or more of the rampaging
youths are posturing and throwing debris into traffic in order to
intimidate some cars into stopping. The riflemen in the backs of the
pickups are waiting for this moment and know what to expect, trusting
their spotters and drivers to give them a good firing lane. The
spotters in each truck issue a code word on their radios when they are
in final position. The tailgates are swung down, and the leader among
the riflemen initiates the firing. All-around security is provided by
the driver and spotter.

Lying prone and using their bipods for support, the shooters have five
to ten degrees of pan or traverse across the entire intersection.
Individual rioters are clearly visible in the shooters’ magnified
optical scopes. Each of the four snipers has a plan to shoot from the
outside of the mob toward the middle, driving participants into a
panicked mass. The left-side shooters start on the left side and work
to the middle, engaging targets with rapid fire, about one aimed shot
per two seconds. Since the two trucks are set at ninety degrees to one
another, very complete coverage will be obtained, even among and
between the stopped vehicles.

The result is a turkey shoot. One magazine of thirty aimed shots per
rifle is expended in under a minute, a coded cease-fire is called on
the walkie-talkies, and the trucks drive away at the speed limit. The
canvas covering the truck beds contains the shooters’ spent brass. If
the trucks are attacked from medium or close range, the canvas can be
thrown back and the two snipers with their semi-automatic rifles or
carbines will add their firepower to that of the driver and spotter.

Back at the intersection, complete panic breaks out among the rioters
as a great number of bullets have landed in human flesh. Over a score
have been killed outright, and many more scream in pain for medical
attention they will not receive in time. The sniper ambush stops the
flash mob cold in its tracks as the uninjured flee in terror, leaving
their erstwhile comrades back on the ground bleeding. The commuters
trapped in their vehicles may have an opportunity to escape.

This type of sniper ambush and a hundred variations on the theme will
finally accomplish what the police could not: put an end to mobs of
violent rioters making the cities through-streets and highways
impassible killing zones. Would-be rioters will soon understand it to
be suicidal to cluster in easily visible groups and engage in mob
violence, as the immediate response could come at any time in the form
of aimed fire from hundreds of yards away. Even one rifleman with a
scoped semi-auto can break up a medium-sized riot.

Many citizens will take to carrying rifles and carbines in their
vehicles, along with their pistols, so that if their cars are trapped
in an ambush they will have a chance to fight their way out. If their
vehicle is stopped outside the immediate area of the flash mob, they
will be able to direct accurate fire at the rioters from a few hundred
yards away. Inside the fatal hundred-yard radius, unlucky suburbanite
drivers and passengers pulled from their cars will still be brutally
violated, but the occurrences of large mob-driven street ambushes will
be much less frequent once long-range retaliation becomes a frequent
expectation.

THE GOVERNMENT RESPONSE TO VIGILANTISM

Where they will be unable to respond swiftly or effectively to the
outbreaks of street riots by MUY flash mobs, the police and federal
agents will respond vigorously to the deadly but smaller vigilante
attacks. These sniper ambushes and other SAV attacks will be called
acts of domestic terrorism and mass murder by government officials and
the mainstream media. A nearly seamless web of urban and suburban
street cameras will reveal some of the SAV teams by their vehicles,
facial recognition programs, and other technical means. Some early
arrests will be made, but the vigilantes will adapt to increasing law
enforcement pressure against them by becoming cleverer about their
camouflage, most often using stolen cars and false uniforms and masks
during their direct-action missions. Observe Mexico today for ideas on
how this type of dirty war is fought.

Eventually, the U.S. Army itself might be called upon to put out all
the social firestorms in our cities, restore order and security,
pacify the angry masses, feed the starving millions, get vital
infrastructure operating again, and do it all at once in a dozen
American Beiruts, Sarajevos and Mogadishus.

Good luck to them, I say.

A few hundred “Active IRA” tied down thousands of British troops in
one corner of a small island for decades. The same ratios have served
the Taliban well over the past decade while fighting against the
combined might of NATO. Set aside for a moment the angry starving
millions trapped in the urban areas, and the dire security issues
arising thereof. Just to consider the official reaction to vigilantism
separately, it’s unlikely that any conceivable combinations of local
and state police, federal law enforcement, National Guard or
active-duty Army actions could neutralize or eliminate tens of
thousands of former special operations troops intent on providing
their own form of security. Millions of Americans are already far
better armed and trained than a few hundred IRA or Taliban ever were.
And the police and Army would not be operating from secure fire bases,
their families living in total safety thousands of miles away in a
secure rear area. In this scenario, there is no rear area, and every
family member, anywhere, would be at perpetual risk of reprisal
actions by any of the warring sides.

In this hyper-dangerous environment, new laws forbidding the carrying
of firearms in vehicles would be ignored as the illegitimate diktat of
dictatorship, just when the Second Amendment is needed more than ever.
Police or military conducting searches for firearms at checkpoints
would themselves become targets of vigilante snipers. Serving on
anti-firearms duty would be seen as nothing but pure treason by
millions of Americans who took the oath to defend the Constitution,
including the Bill of Rights. Politicians who did not act in the
security interest of their local constituents as a result of political
correctness or other reasons would also be targeted.

A festering race war with police and the military in the middle taking
fire from both sides could last for many years, turning many American
cities into a living hell. Remember history: when the British Army
landed in Northern Ireland in 1969, they were greeted with flowers and
applause from the Catholics. The Tommys were welcomed as peacekeepers
who would protect them from Protestant violence. That soon changed.
Likewise with our tragic misadventure in Lebanon back in 1982 and
1983. Well-intended referees often find themselves taking fire from
all sides. It’s as predictable as tomorrow’s sunrise. Why would it be
any different when the U.S. Army is sent to Los Angeles, Chicago or
Philadelphia to break apart warring ethnic factions?

For a long time after these events, it will be impossible for the
warring ethnic groups to live together or even to mingle peacefully.
Too much rage and hatred will have been built up on all sides of our
many American multi-ethnic fault lines. The new wounds will be raw and
painful for many years to come, as they were in the South for long
after the Civil War. The fracturing of the urban areas, divided by
no-man’s-lands, will also hinder economic redevelopment for many years
because the critical infrastructure corridors will remain insecure.

Eventually, high concrete “Peace Walls” like those in Belfast,
Northern Ireland, will be installed where the different ethnic groups
live in close proximity. That is, if recovery to sane and civilized
norms of behavior are ever regained in our lifetimes and we don’t
slide into a new Dark Age, a stern and permanent tyranny, warlordism,
anarchy, or any other dire outcome.

Dark Ages can last for centuries, after sinking civilizations in a
vicious, downward vortex. “When the music’s over, turn out the
lights,” to quote Jim Morrison of The Doors. Sometimes the lights stay
out for a long time. Sometimes civilization itself is lost. Millions
of EBT cards flashing zeroes might be the signal event of a terrible
transformation.

It is a frightening thing to crystallize the possible outbreak of mass
starvation and racial warfare into words, so that the mind is forced
to confront agonizingly painful scenarios. It is much easier to avert
one’s eyes and mind from the ugliness with politically correct Kumbaya
bromides. In this grim essay, I am describing a brutal situation of
ethnic civil war not differing much from the worst scenes from recent
history in Rwanda, South Africa, Mexico, Bosnia, Iraq, and many other
places that have experienced varying types and degrees of societal
collapse. We all deplore the conditions that might drive us toward
such a hellish outcome, and we should work unceasingly to return
America to the path of true brotherhood, peace and prosperity. Race
hustlers of every stripe should be condemned.

Most of us wish we could turn back the calendar to Norman Rockwell’s
America. But we cannot, for that America is water long over the dam
and gone from our sight, if not from our memories. John Adams said,
“Our Constitution was made only for a moral and religious people. It
is wholly inadequate to the government of any other.” If that is true,
judging by current and even accelerating cultural shifts, we might
already have passed the point of no return.

The prudent American will trim his sails accordingly.

As I said at the top I wasn’t sure who wrote this but it may be this guy. http://www.freerepublic.com/focus/f-news/2561777/posts

Hard to tell whats real and whats not. But, given that the US dollar went from a 100% value in 1913 to a .03% value in 2012 is a good indication it won’t be long before it has a zero value. Better to be prepared and not need it than to need it and not be prepared.

Dominique de Kevelioc de Bailleul:  Lt. General William Boykin (retired) told TruNews Radio Tuesday that the U.S. economy of the United States“is just about the break” and collapse.  And when the dam gives way, severe food shortages and pervasive violence throughout America will warrant, in his opinion, an executive declaration of martial law.

“I’ll be very honest with you; the situation in America could be such that martial law is actually warranted, and that situation in my view could occur if we had an economic collapse,” said Boykin, a former CIA Deputy Director of Special Activities. Get my next ALERT 100% FREE

“The dam is just about to break on our economy, and I think when it does, there’s going to be a major disruption of the distribution of food,” he added. “And I think what you’ll see particularly in the inner cities is you will see riots, civil unrest that ultimately might justify martial law.”

Read More: http://etfdailynews.com/2012/08/02/former-cia-army-general-martial-law-expected-warranted/

As we head further down the road I’m sure we’ll see more and more towns and cities go broke, the fed can’t keep printing $$ and not expect it to become worthless.
 
July 12, 2012 | Originally posted at theTrumpet.com

Washington can print money to forestall national collapse. States can leech off that currency stream. But for some cities, that have no such rabbits in their hats, the collapse is happening now.

By Jeremiah Jacques

 

When selecting a setting for his nbc sitcom The Office, Executive Producer Greg Daniels decided on Scranton, Pennsylvania, in part because the city is typical. The Emmy-winning show wanted to ridicule American corporate life, and needed a typical American city to let the mockery happen in. Scranton embraced The Office, and has enjoyed nationwide recognition as a result of the hit show’s setting. But now, the former coal town is making headlines for a very different reason.

Last Friday, the city of Scranton sent out paychecks to its employees, as it does every two weeks. But these checks were for amounts significantly smaller than usual because Mayor Chris Doherty reduced all city employees’ pay—including his own—to the state minimum wage of $7.25 an hour.

After sending out Friday’s checks, Scranton had only $5,000 left in the bank and still owed its 400 employees almost $1 million.

Scranton’s police unions, firefighters’ union and public works unions have taken the city to court over the reduced pay, but Doherty says he has no other choice because the city is broke. His planned solution is to immediately raise taxes by 29 percent, and by 78 percent over the next three years. But the council wants the city to instead borrow money to solve Scranton’s fiscal woes.

On Monday, Mish’s Global Economic Trend Analysis said, “It should be perfectly obvious to every soul on the planet that Scranton is bankrupt. Tax hikes are not the answer. The solution is filing bankruptcy with the hope of killing public union wages and benefits.”

But like many other states, Pennsylvania has rules in place that prohibit cities from filing bankruptcy without approval from the state. Mish’s final assessment is that “Inept city management, with public union wages and benefits at the heart of it, killed Scranton.” Whether or not Pennsylvania is prepared to admit it, Scranton is bankrupt, and the tensions there are rising.

And Scranton it is not the only U.S. city in such a condition.

San Bernardino is expected to become the third Californian city in two weeks to file for municipal bankruptcy protection as it wrestles with increasing employee costs and declining tax revenues. Last fall, Jefferson County, Alabama, filed the biggest Chapter 9 municipal bankruptcy in American history, leaving county commissioners planning to default on a general obligation bond payment. In late 2011, Harrisburg, Pennsylvania, said it would default on a payment coming due to general obligation bondholders. Stockton, California, was in negotiations earlier this year in hopes of avoiding becoming the biggest American city yet to declare bankruptcy. The most recent reports said it is “very likely” that Stockton will go bankrupt. These are just a few of many examples.

Many municipalities across the nation have found themselves pushed over the brink by the recession and its lingering aftermath. They are in dire financial straits with little hope of recovery. “This is truly a new era for dealing with troubled municipalities,” said Michael Stanton, publisher of The Bond Buyer, a public finance newspaper.

Cities are going belly up while states and the nation hang on, largely because cities cannot rely on the deus ex machina currency printing that the larger entities rely on. Mayor Doherty explained that he does not have the same options as the Fed or even a state government, saying, “I want the employees to get paid. Our people work hard—our police and fire—I just don’t have enough money, and I can’t print it in the basement.”

These cities are the canaries in the toxic coalmine that is the U.S. economy. Smaller and more fragile than states, they are succumbing to their economic ailments in tragic ways. But the canary analogy breaks down at that point because, unlike the coal miner who leaves the mine after watching his canary keel over, state and federal policymakers are not heeding the warning.

Ditching The Dollar

While reading this story I had to think is this whole Iran sanction thing over the non-existing nuclear weapon development a complete setup. The powers that be want to bring down the US a couple notches and what a better way to bring this about. Force the other powers on the planet to work around the USD. Don’t think for a second the O-bama administration and insiders did’nt know a move away from the dollar would happen by other countries buying Iranian oil. If you thought the billion dollar bailouts devalued the dollor, we hav’nt seen nothing yet. 
 
 
Friday, 20 April 2012 04:28 Marin Katusa

This article was written by Marin Katusa and originally published at LewRockwell.com

There’s a major shift under way, one the US mainstream media has left largely untouched even though it will send the United States into an economic maelstrom and dramatically reduce the country’s importance in the world: the demise of the US dollar as the world’s reserve currency.

For decades the US dollar has been absolutely dominant in international trade, especially in the oil markets. This role has created immense demand for US dollars, and that international demand constitutes a huge part of the dollar’s valuation. Not only did the global-currency role add massive value to the dollar, it also created an almost endless pool of demand for US Treasuries as countries around the world sought to maintain stores of petrodollars. The availability of all this credit, denominated in a dollar supported by nothing less than the entirety of global trade, enabled the American federal government to borrow without limit and spend with abandon.

The dominance of the dollar gave the United States incredible power and influence around the world… but the times they are a-changing. As the world’s emerging economies gain ever more prominence, the US is losing hold of its position as the world’s superpower. Many on the long list of nations that dislike America are pondering ways to reduce American influence in their affairs. Ditching the dollar is a very good start.

In fact, they are doing more than pondering. Over the past few years China and other emerging powers such as Russia have been quietly making agreements to move away from the US dollar in international trade. Several major oil-producing nations have begun selling oil in currencies other than the dollar, and both the United Nations and the International Monetary Fund (IMF) have issued reports arguing for the need to create a new global reserve currency independent of the dollar.

The supremacy of the dollar is not nearly as solid as most Americans believe it to be. More generally, the United States is not the global superpower it once was. These trends are very much connected, as demonstrated by the world’s response to US sanctions against Iran.

US allies, including much of Europe and parts of Asia, fell into line quickly, reducing imports of Iranian oil. But a good number of Iran’s clients do not feel the need to toe America’s party line, and Iran certainly doesn’t feel any need to take orders from the US. Some countries have objected to America’s sanctions on Iran vocally, adamantly refusing to be ordered around. Others are being more discreet, choosing instead to simply trade with Iran through avenues that get around the sanctions.

It’s ironic. The United States fashioned its Iranian sanctions assuming that oil trades occur in US dollars. That assumption – an echo of the more general assumption that the US dollar will continue to dominate international trade – has given countries unfriendly to the US a great reason to continue their moves away from the dollar: if they don’t trade in dollars, America’s dollar-centric policies carry no weight! It’s a classic backfire: sanctions intended in part to illustrate the US’s continued world supremacy are in fact encouraging countries disillusioned with that very notion to continue their moves away from the US currency, a slow but steady trend that will eat away at its economic power until there is little left.

Let’s delve into both situations – the demise of the dollar’s dominance and the Iranian sanction shortcuts – in more detail.

(The continual erosion of the dollar could well be the tipping point that causes oil prices to skyrocket. But investors who get positioned before that happens could make life-changing gains.)

Signs the Dollar Is Going the Way of the Dodo

The biggest oil-trading partners in the world, China and Saudi Arabia, are still using the petrodollar in their transactions. How long this will persist is a very important question. China imported 1.4 million barrels of oil a day from Saudi Arabia in February, a 39% increase from a year earlier, and the two countries have teamed up to build a massive oil refinery in Saudi Arabia. As the nations continue to pursue increased bilateral trade, at some point they will decide that involving US dollars in every transaction is unnecessary and expensive, and they will ditch the dollar.

When that happens, the tide will have truly turned against the dollar, as it was an agreement between President Nixon and King Faisal of Saudi Arabia in 1973 that originally created the petrodollar system. Nixon asked Faisal to accept only US dollars as payment for oil and to invest any excess profits in US Treasury bonds, notes, and bills. In exchange, Nixon pledged to protect Saudi oilfields from the Soviet Union and other potential aggressors, such as Iran and Iraq.

That agreement created the foundation for an incredibly strong US dollar. All of the world’s oil money started to flow through the US Federal Reserve, creating ever-growing demand for both US dollars and US debt. Every oil-importing nation in the world started converting its surplus funds into US dollars to be able to buy oil. Oil-exporting countries started spending their cash on Treasury securities. And slowly but surely the petrodollar system spread beyond oil to encompass almost every facet of global trade.

The value of the US dollar is based on this role as the conduit for global trade. If that role vanishes, much of the value in the dollar will evaporate. Massive inflation, high interest rates, and substantial increases in the cost of food, clothing, and gasoline will make the 2008 recession look like nothing more than a bump in the road. This will be a crater. The government will be unable to finance its debts. The house of cards, built on the assumption that the world would rely on US dollars forever, will come tumbling down.

It is a scary proposition, but don’t bury your head in the sand because countries around the world are already starting to ditch the dollar.

Russia and China are leading the charge. More than a year ago, the two nations made good on talks to move away from the dollar and have been using rubles and renminbi to trade with each other since. A few months ago the second-largest economy on earth – China – and the third-largest economy on the planet – Japan – followed suit, striking a deal to promote the use of their own currencies when trading with each other. The deal will allow firms to convert Chinese and Japanese currencies into each other directly, instead of using US dollars as the intermediary as has been the requirement for years. China is now discussing a similar plan with South Korea.

Similarly, a new agreement among the BRICS nations (Brazil, Russia, India, China, and South Africa) promotes the use of their national currencies when trading, instead of using the US dollar. China is also pursuing bilateral trades with Malaysia using the renminbi and ringgit. And Russia and Iran have agreed to use rubles as a means of currency in their trades.

Then there’s the entire continent of Africa. In 2009 China became Africa’s largest trading partner, eclipsing the United States, and now China is working to expand the use of Chinese currency in Africa instead of US dollars. Standard Bank, Africa’s largest financial institution, predicts that $100 billion worth of trade between China and Africa will be settled in renminbi by 2015. That’s more than the total bilateral trade between China and Africa in 2010.

The idea of moving away from the dollar is also finding support from major international agencies. The United Nations Conference on Trade and Development has stated that “the current system of currencies and capital rules that binds the world economy is not working properly and was largely responsible for the financial and economic crises.” The statement continued, saying “the dollar should be replaced with a global currency.” The International Monetary Fund agrees, recently arguing that the dollar should cede its role as global reserve currency to an international currency, which is in effect a basket of national currencies.

There is also a host of countries that have started using their own currencies to complete oil trades, a move that strikes right at the heart of US-dollar dominance. China and the United Arab Emirates have agreed to ditch the dollar and use their own currencies in oil transactions. The Chinese National Bank says this agreement is worth roughly $5.5 billion annually. India is buying oil from Iran with gold and rupees. China and Iran are working on a barter system to exchange Iranian oil for Chinese imported products.

Speaking of Bartering for Oil… How about Those Iranian Sanctions?

The United States and the European Union based their Iran sanctions on the financial system behind Iran’s oil trade. The country uses its central bank to run its oil business – the bank settles trades through the Belgium company Swift (Society for Worldwide Interbank Financial Telecommunication) and the trades are always in US dollars. Once they take full effect in July, US and EU sanctions against Iran will make transactions with the Iranian central bank illegal. When that occurs, this official avenue of trade will shut down. In fact, Iran was shut out of Swift a few weeks ago, so that road is already blockaded.

But the arrogance in the sanctions is the assumption that Iran can only use this one, dollar-based avenue. In reality, the Islamic Republic is considerably more agile than that; removing its ability to trade in the official manner is only encouraging the country to find imaginative new methods to sell its oil.

Since the sanctions were announced, Tehran’s official oil sales have certainly declined. Iran actually preemptively halted oil shipments to Germany, Spain, Greece, Britain, and France, which together had bought some 18% of Iran’s oil. But covert sales have curbed or perhaps even reversed the reduction in shipments. It is impossible to know the details, as buyers and sellers involved in skirting the sanctions are being very discreet, but the transactions are undoubtedly happening.

As mentioned above, Iran is selling oil to India for gold and rupees. China and Iran are working on a barter system to exchange Iranian oil for Chinese imported products. China and South Korea are also quietly buying Iranian oil with their own currencies.

The evidence? Millions of barrels of Iranian oil that were in storage in Iranian tankers a few weeks ago now seem to have disappeared. Officially, no one knows where the oil went. Was it rerouted? Has production been shut in? Is the oil being stored elsewhere?

Oil is fungible, which means one barrel of crude is interchangeable with another. Once it leaves its home country, it can be nearly impossible to know where a barrel of oil originated, if its handlers so desire. And it’s not just barrels that are hard to track – even though oil is carried on ships so large they are dubbed “supertankers” it is surprisingly difficult to keep tabs on every tanker full of Iranian oil.

And the Iranians are using every trick in the book to move their oil undetected. In the last week it became apparent that Tehran has ordered the captains of its oil tankers to switch off the black-box transponders used in the shipping industry to monitor vessel movements and oil transactions. As such, most of Iran’s 39-strong fleet of tankers is “off radar.” According to Reuters, only seven of Iran’s Very Large Crude Carriers (VLCCs) are still operating their onboard transponders, while only two of the country’s nine smaller Suezmax tankers are trackable.

Under international law ships are required to have a satellite tracking device on board when travelling at sea, but a ship’s master has the discretion to turn the device off on safety grounds, if he has permission from the ship’s home state. Some tankers turned off their trackers to avoid detection last year during the Libyan civil war in order to trade with the Gaddafi government.

And Iran is about to gain even greater flexibility in disguising the locations of oil sales, as the National Iranian Tanker Company (NITC) is about to take delivery of the first of 12 new supertankers on order from China. The new tankers will add much-needed capacity to NITC’s fleet at a time when the number of maritime firms willing to transport Iranian crude has dwindled significantly, forcing Iran’s remaining buyers to rely on NITC tankers. Thankfully for NITC, the 12 new VLCCs – each capable of transporting two million barrels of crude – will significantly expand the company’s current fleet of 39 ships.

Sanctions or no sanctions, Iran is moving its oil. But even having your own, off-radar ships to transport oil bought in renminbi or rupees or won doesn’t mean all these tricks and maneuvers don’t have a cost.

Freight costs for each voyage add up to nearly $5 million, a sizeable hit for Tehran. Iran is often also shelling out millions of dollars in insurance for each oil shipment, because the majority of international shipments are insured through a European insurance consortium that is backing away from Iranian vessels because the EU sanctions will make such transactions illegal.

And since business is business, buyers are also demanding much better credit terms from the National Iranian Oil Company (NIOC) than normal. Traders are reporting agreements giving the buyer as much as six months to pay for each two-million-barrel cargo, a grace period that would cost Tehran as much as $10 million per shipment.

For Tehran to cover freight costs, insurance, and the cost of generous credit terms wipes out as much as 10 percent of the value of each supertanker load. Beyond that, customers are also negotiating better prices. For example, the flow of Iranian oil to China did slow in the first quarter of the year, but not because China endorsed the sanctions. Rather, Chinese refiner Sinopec reduced purchases to negotiate better prices with the National Iranian Oil Company. The country’s imports from Iran are expected to climb back to the 560,000 barrel-per-day level in April.

That trade, along with non-dollar-denominated deals with India, Turkey, Syria, and a long list of other friendly nations, will keep Iran’s finances afloat for a long time. The sanctions may be preventing Tehran from banking full value for each tanker of oil, but there is still a lot of Iranian oil money flowing.

The mainstream media is avoiding all discussion of the demise of the US dollar as the world’s reserve currency. Even fewer people are talking about how sanctions based on Iran’s supposed need to use the US dollar to sell its oil leave loopholes wide enough for VLCCs to sail right through.

Without acknowledging the elephant in the room, articles about Iranian tankers turning off their transponders or India using gold to buy Iranian oil invariably sound like plot developments in a spy thriller. Much more useful would be to convey the real message: The world doesn’t need to revolve around US dollars anymore and the longer the US tries to pretend that the dollar is still and will remain dominant, the more often its international actions will backfire.

Mac Slavo

March 16th, 2012

SHTFplan.com

One argument you’ll hear from the majority of Americans who refuse to wake up to the madness around them is that if there truly was an economic and financial cabal in cahoots with the government we would have heard about it. If this was actually happening, wouldn’t there be insiders from the private and public sectors that would have alerted us to the conspiracies? And wouldn’t the mainstream media report on it? And wouldn’t the Justice Department vigorously pursue and prosecute those responsible for the fraud, theft and manipulation?

It turns out that there are whistle-blowers – hundreds of them. But any attack on the establishment is met with either a full-on counter-attack that targets the credibility of the individual bringing forth the information and marginalizes the content of the message by dismissing it as the ravings of a lunatic or disgruntled employee, or, it’s simply erased from public view by the very institutions tasked with investigating such activity.

Yesterday, an open letter posted in the public comments section at the Commodity Futures Trading Commission (CFTC) by a self described JP Morgan insider and whistle-blower was removed in short order (no cache of the page exists, but it was briefly indexed by search engines). It was dead on arrival. A direct link to the letter now leads to an empty page in the hopes that it will never be seen by the 99% of Americans who tune in only to mainstream news sources for their daily dose of truth. Don’t worry, though, because if there’s one thing alternative news media learned from Orwell’s 1984 and real world experience, it’s that we should always expect the powers that be will attempt to rewrite history. As such, the full content of the post has been copied and archived for posterity’s sake by alternative media (and reprinted below).

In the letter, the JP Morgan insider reveals that high level executives and traders at the bank are putting the investments and savings of thousands, if not millions, of hard working Americans at risk of complete, wide-scale market collapse through their machinations and fraudulent practices. Moreover, he suggests that executives at his bank are fully aware of commodity manipulations in which the bank engages, as well as the risks posed by a European collapse, an event that, according to the whistle-blower, will lead to annihilation of investments within a matter of days.

Here is the full open letter (now removed from CFTC’s public comments), made available via Market Ticker and Modern Survival Blog:

[Emphasis Added]

From: Z A N
Organization(s):
JPMorgan Chase

Comment No: 57019
Date: 3/14/2012

Dear CFTC Staff,

Hello, I am a current JPMorgan Chase employee. This is an open letter to all commissioners and regulators. I am emailing you today b/c I know of insider information that will be damning at best for JPMorgan Chase. I have decided to play the role of whistleblower b/c I no longer have faith and belief that what we are doing for society is bringing value to people. I am now under the opinion that we are actually putting hard working Americans unaware of what lays ahead at extreme market risk. This risk is unnecessary and will lead to wide-scale market collapse if not handled properly. With the release of Mr. Smith’s open letter to Goldman, I too would like to set the record straight for JPM as well. I have seen the disruptive behavior of superiors and no longer can say that I look up to employees at the ED/MD level here at JPM. Their smug exuberance and arrogance permeates the air just as pungently as rotting vegetables. They all know too well of the backdoor crony connections they share intimately with elected officials and with other institutions. It is apparent in everything they do, from the meager attempts to manipulate LIBOR, therefore controlling how almost all derivatives are priced to the inherit and fraudulent commodities manipulation. They too may have one day stood for something in the past in the client-employee relationship. Does anyone in today’s market really care about the protection of their client? From the ruthless and scandalous treatment of MF Global client asset funds to the excessive bonuses paid by companies with burgeoning liabilities. Yes, we at JPMorgan that are in the know are fearful of a cascading credit event being triggered in Greece as they have hidden derivatives in excess of $1 Trillion USD. We at JPMorgan own enough of these through counterparty risk and outright prop trading that our entire IB EDG space could be annihilated within a few short days. The last ten years has been market by inflexion point after inflexion point with the most notable coming in 2008 after the acquisition of Bear.

I wish to remain anonymous as of now as fear of termination mounts from what I am about to reveal. Robert Gottlieb is not my real name; however he is a trader that is involved in a lawsuit for manipulative trading while working with JPMorgan Chase. He was acquired during our Bear Stearns acquisition and is known to be the notorious person shorting in the silver future market from his trading space, along with Blythe Masters, his IB Global boss. However, with that said, we are manipulating the silver futures market and playing a smaller (but still massively manipulative) role in manipulating the gold futures market. We have a little over a 25% (give or take a percentage) position in the short market for silver futures and by your definition this denotes a larger position than for speculative purposes or for hedging and is beyond the line of manipulation.

On a side note, I do not work directly with accounts that would have been directly impacted by the MF Global fiasco but I have heard through other colleagues that we have involvement in the hiding of client assets from MF Global. This is another fraudulent effort on our part and constitutes theft. I urge you to forward that part of the investigation on to the respective authorities.

There is something else that you may find strange. During month-end December, we were all told by our managers that this was going to be a dismal year in terms of earnings and that we should not expect any bonuses or pay raises. Then come mid-late January it is made known that everyone received a pay raise and/or bonus, which is interesting b/c just a few weeks ago we were told that this was not likely and expected to be paid nothing in addition to base salary. January is right around the time we started increasing our short positions quite significantly again and this most recent crash in gold and silver during Bernanke’s speech on February 29th is of notable importance, as we along with 4 other major institutions, orchestrated the violent $100 drop in Gold and subsequent drops in silver.

As regulators of the free people of this country, I ask you to uphold the most important job in the world right now. That job is judge and overseer of all that is justice in the most sensitive of commodity markets. There are many middle-income people that invest in the physical assets of silver, gold, as well as mining stocks that are being financially impacted in a negative way b/c of our unscrupulous shorts in the precious metals commodity sector. If you read the COT with intent you will find that commercials (even though we have no business being in the commercial sector, which should be reserved for companies that truly produce the metal) are net short by a long shot in not only silver, but gold.

It is rather surprising that what should be well known liabilities on our balance sheet have not erupted into wider scale scrutinization. I call all honest and courageous JPMorgan employees to step up and fight the cronyism and wide-scale manipulation by reporting the truth. We are only helping reality come to light therefore allowing a real valuation of our banking industry which will give investors a chance to properly adjust without being totally wiped out. I will be contacting a lawyer shortly about this matter, as I believe no other whistleblower at JPMorgan has come forward yet. Our deepest secrets lie within the hands of honest employees and can be revealed through honest regulators that are willing to take a look inside one of America’s best kept secrets. Please do not allow this to turn into another Enron.

Kind Regards,
-The 1st Whistleblower of Many

We wouldn’t bet on any of this actually being investigated by regulatory agencies, because according to President Obama and other politicians, nobody has committed any crimes.

What we would bet on is that this anonymous whistle blower isn’t just blowing smoke. Given the recent revelations of other insiders like Greg Smith, a former Goldman Sachs executive director of their equities derivatives business, who warned this week of a toxic and destructive environment at the government’s leading bailout darling, we’re of the belief that JP Morgan is no different.

The entire system is rigged, and they have most certainly done a great job of keeping it afloat and maintaining the illusion of stability in the eyes of the masses. One day, perhaps soon, the people will lose confidence in these firms and the government institutions that are complicit in their manipulations. When that happens, look out, because we’ve got decades of paper receipts and derivatives valued in the tens of trillions of dollars that will be shown to be worth absolutely nothing.

When this ponzi scheme finally comes down it will be unlike anything we’ve ever seen in terms of economic collapse and financial asset annihilation.

Society’s Five Stages

Society as we know it will break down and collapse in a five stage process outlined here. While it can be accelerated by certain events like war, a natural disaster, pandemic, terrorist attack, or even an impending asteroid impact, history has shown that economic collapse will essentially happen in this five stage process. To survive the collapse, it is important to read and interpret the signs and understand what assets are important to the current situation so you can be prepared for the worst thereby allowing you to survive intact and with as little damage as possible.

STAGE 1. The Decay Begins

Everything is good and the economy is thriving. A high standard of living has been achieved. This is the way things should be. Goods are cheap and readily available. Everything seems to be in abundance. Stores are filled with retail items ready to be purchased. Life in general is good. The nation’s working infrastructure is solidly intact and working well. However, the idea that everyone is entitled to have what others have earned now permeates society. Redistribution of Wealth Policies are implemented and quietly woven into the fabric of society. Unchecked and under the guise of fairness and equality, these policies slowly decrease productivity and increase dependency on government entitlement and welfare programs.

Primary Assets:

  1. Career
  2. Home Value
  3. Savings
  4. Investments – Stocks and bonds
  5. Health Insurance
  6. Lifestyle Image
  7. Good Credit Rating for Debt Accumulation

STAGE 2. The Slippery Slope

The economy goes into a slow but steadily increasing decline. Unemployment is on the rise. Ever increasing numbers of people receive government assistance in one form or another. People are paid not to work. Government spending has increased dramatically. The price of gold, silver, and other precious metals rise to prices unheard of just a few years earlier. Inflation reaches the double digit levels.

Primary Assets:

  1. Cash
  2. Precious Metals, Gold and Silver coins
  3. Job Stability
  4. Elimination of debt
  5. Health Insurance
  6. Home Equity
  7. Automobile with good MPG
  8. Acquiring secluded land more than 40 miles from densely populated areas

STAGE 3. It is Going to Get Worse

read more: http://www.shtfplan.com/emergency-preparedness/societys-five-stages-of-economic-collapse_02282012

Someday people will wake up to the fact there is no economy, the whole thing is a scam. You believe you have money but, you don’t. Something of value is produced with material and labor, USD’s only have debt attached to them and are made out of thin air. In fact they have minus value, there worthless pieces of paper.

 

Darryl Robert Schoon hosts another television show on the global economics.

 

For every step forward there are two steps back. As always we never get the truth from MSM.

 

Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low

Submitted by Tyler Durden on 02/03/2012 08:51 -0500

A month ago, we joked when we said that for Obama to get the unemployment rate to negative by election time, all he has to do is to crush the labor force participation rate to about 55%. Looks like the good folks at the BLS heard us: it appears that the people not in the labor force exploded by an unprecedented record 1.2 million. No, that’s not a typo: 1.2 million people dropped out of the labor force in one month! So as the labor force increased from 153.9 million to 154.4 million, the non institutional population increased by 242.3 million meaning, those not in the labor force surged from 86.7 million to 87.9 million.

Read More: http://www.zerohedge.com/news/record-12-million-people-fall-out-labor-force-one-month-labor-force-participation-rate-tumbles

 

 

Fiat Paper Money

by Rep. Ron Paul, MD
by Rep. Ron Paul, MD

 

In an article entitled “Gold and Economic Freedom,” Federal Reserve Chairman Alan Greenspan wrote that “The excess credit which the Fed pumped into the economy spilled over into the stock market- triggering a fantastic speculative boom…The speculative imbalances had become overwhelming and unmanageable by the Fed… In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.” The irony is that Mr. Greenspan’s words, written in 1966 to describe the era leading up to the Great Depression, could easily have been written in 2003 to describe the consequences of his own Fed policies during the 1990s.

Mr. Greenspan once understood that a fiat money system represents nothing more than a sinister and evil form of hidden taxation. When the government can print money at will, it’s morally identical to the counterfeiter who illegally prints currency. Fiat money polices especially hurt savers and those on fixed incomes, who find the value of their dollars steadily eroded by the Fed’s printing presses.

We need to understand why a fiat system is so popular with economists, the business community, bankers, and government officials. One explanation is that a fiat monetary system allows power and influence to fall into the hands of those who control the creation of new money, and to those who get to use the money or credit early in its circulation. The insidious and eventual cost falls on unidentified victims, who are usually oblivious to the cause of their plight.

Another explanation is that it’s human nature to seek the comforts of wealth with the least amount of effort. This desire is quite positive when it inspires efficient work and innovation in a capitalist society. Productivity is improved and the standard of living goes up for everyone. But this human trait of seeking wealth and comfort with the least amount of effort is often abused. It leads some to believe that by certain monetary manipulations, wealth can be increased out of thin air.

Most Americans are oblivious to the entire issue of monetary policy. We all deal with the consequences of our fiat money system, however. Every dollar created dilutes the value of existing dollars in circulation. Those individuals who worked hard, paid their taxes, and saved some money for a rainy day are hit the hardest. Their dollars depreciate in value while earning interest that is kept artificially low by the Federal Reserve easy-credit policy. The poor and those dependent on fixed incomes can’t keep up with the rising cost of living.

We do hear some minor criticism directed toward the Federal Reserve, but the validity of the fiat system is never challenged. Both political parties want the Fed to print more money, either to support social spending or military adventurism. Politicians want the printing presses to run faster and create more credit, so that the economy will be healed like magic — or so they believe.

Fiat dollars allow us to live beyond our means, but only for so long. History shows that when the destruction of monetary value becomes rampant, nearly everyone suffers and the economic and political structure becomes unstable. Spendthrift politicians may love a system that generates more and more money for their special interest projects, but the rest of us have good reason to be concerned about our monetary system and the future value of our dollars.

 

September 12, 2003

 

It’s to bad Dr. Paul didn’t mention the hidden tax, inflation. But, he still has it right. The cost of goods have not increased, they still take the same labor/material if not less to produce. Its the value of the dollar that has diminisied requiring more of the funny paper to buy the same products. During the prime of the Roman Impire an ounce of gold would buy the finest toga, the best leather crafted pouch and the best sandels available. Today an ounce of gold will buy the finest suit, the best leather crafted briefcase and the best shoes available. Don’t invest in paper, invest in something that has a proven record of worth. Not that you would ever see me wearing a tie or carring a briefcase! I bet an oz. of gold would buy me the best jeans, a fine rifle and some real good leather boots.   vtfree2

If these are the 5 places not to be where are the 5 places to be> You can eat paper ($$) but, it wouldn’t sustain life for long. So I guess you would need a longer growing season or a place you could hunt game. Water, food and shelter that you can protect from raiders is a good place to start. The question is will the money changers allow thier system to collapse or will they have any say in it. Or is this all part of the plan so the rulers of $$ can develope a new plan that controls the masses with a zioncommunistic agenda???

The question here is: dose peaceful protest accomplish change to the benifit of the people doing the protesting. If history is an indictor, hardly ever. I’ll bet ya the protesters on wall street are still using cash, checks and credit cards. By using the fiat currency system they are supporting the fed and wall street while protesting against it. Stop using their $$ and you shut down the system of the longest running scam in history. I know, I know, hard to do because we have become so invested in the scam. Even if we did go back to a gold backed system would we be able to exchange paper for gold when there is no gold in the fort. I don’t know but, there is change in the wind.

Update: I think some group wants the protest to become violent to bring about a police state.

Peaceful Occupy protests degenerated into chaos in Oakland overnight. 11/2/2011In the News

 1929 stock market crash 

Buckle Up: America Is Getting Very Angry And The Protests Are Going To Become Much More Frightening

October 12, 2011

Source: The American Dream

The Occupy Wall Street protests and the rise of the Tea Party movement have both changed America, but you haven’t seen anything yet.  You better buckle up, because America is getting very angry and as the economy continues to decline the economic protests are going to become much more frightening in the years ahead.  Americans have become very accustomed to prosperity.  Now that our prosperity is vanishing, people are starting to become very angry.  The scary thing is that the vast majority of our population now lives in tightly congested urban areas.  That makes the potential for mass rioting and civil unrest much greater.  Back in 1910, 72 percent of Americans lived in rural areas.  Today, only 16 percent of Americans live in rural areas.  So what happens when you have millions of incredibly angry people crammed into tightly congested metropolitan areas?  Well, we are about to find out.

Over the past 4 years, we have seen some unprecedented things happen in America.  First we witnessed the rise of the Tea Party movement.  Initially it pretty much was a true grassroots movement but now it has been mostly taken over by establishment Republicans.  Now we are witnessing the rise of Occupy Wall Street.  While there are some grassroots elements to it, the reality is that Occupy Wall Street seems to be pretty much controlled by the Democrats.  In fact, one individual was recently told that “Ron Paul signs are not welcome here” at a recent protest.

So we have the left and the right fighting with each other like cats and dogs.  The Tea Party movement and Occupy Wall Street both pretty much hate each other.

Meanwhile, those that control both political parties are enjoying the view.

But the people that are expressing their anger through protest movements such as Occupy Wall Street are not going to be content with the status quo for long.

The truth is that there is a lot of anger in the United States today, and that anger is rapidly growing.  Millions upon millions of Americans are deeply upset about the economy and about our financial system.

Right now, protests by both the Tea Party movement and Occupy Wall Street have been mostly peaceful.

But that will not last indefinitely.

In fact, there are already signs that Occupy Wall Street protesters are not content with simply sitting in the park and banging on drums.

For example, protesters stormed the Senate Hart Office Building in Washington D.C. today.  A handful of protesters were arrested.

Also, more than 50 protesters from the Occupy Boston movement were arrested today when they would not do what police were ordering them to do.

But most notable of all was the march to the homes of certain millionaires up in New York.  Earlier today, Occupy Wall Street protesters marched to the homes of Jamie Dimon, David Koch, John Paulson, Howard Milstein, and Rupert Murdoch.

Needless to say, that is going to seriously upset some people.

The home protests were not spontaneous.  The truth is that they were highly organized.  Organizers such as SEIU board member Stephen Lerner have been talking about them for quite some time.  In fact, you can hear him discussing plans for the upcoming protests at the homes of these millionaires back on October 3rdright here.

There is a lot about Occupy Wall Street that can be criticized (just check out this article), but one thing that Occupy Wall Street is actually doing right is that it is focusing on the role of money in politics.

The big financial powers spend hundreds of millions of dollars on political campaigns.  Just check out this infographic.  All of that money buys a lot of influence over the political process.  If it didn’t, the big financial powers would not be spending that kind of money.

But the big financial powers are not just spending money on political campaigns.  It has now come out that the big Wall Street banks can order New York City police officers just like they would order pizzas.  In fact, over a million dollars is going to be spent this way just this year alone.

A recent article that was posted on counterpunch.org detailed how this works….

One of the ingenious methods that has remained below the public’s radar was started by the Rudy Giuliani administration in New York City in 1998.  It’s called the Paid Detail Unit and it allows the New York Stock Exchange and Wall Street corporations, including those repeatedly charged with crimes, to order up a flank of New York’s finest with the ease of dialing the deli for a pastrami on rye.

The corporations pay an average of $37 an hour (no medical, no pension benefit, no overtime pay) for a member of the NYPD, with gun, handcuffs and the ability to arrest.  The officer is indemnified by the taxpayer, not the corporation.

New York City gets a 10 percent administrative fee on top of the $37 per hour paid to the police.  The City’s 2011 budget called for $1,184,000 in Paid Detail fees, meaning private corporations were paying  wages of $11.8 million to police participating in the Paid Detail Unit.  The program has more than doubled in revenue to the city since 2002.

So expect the big Wall Street banks to be sending in orders for huge numbers of New York City cops to protect them from the half-crazed Occupy Wall Street protesters.

Sadly, if recent poll numbers are any indication, the anger of the American people is not going to abate any time soon….

*According to Gallup, the percentage of Americans that lack confidence in U.S. banks is now at an all-time high of 36%.

*According to a recent Washington Post-ABC News poll, 90 percent of Americans believe that the economy is performing poorly and approximately 80 percent of Americans believe that it is “difficult” to find a job right now.

*According to a recent Rasmussen survey, 48 percent of all Americans believe that reductions in government spending are “at least somewhat likely” to result in civil unrest inside the United States.

*Another recent survey found that 73 percent of all Americans believe that the nation is “on the wrong track”.

*According to a recent CBS News/New York Times poll, Congress has a disapproval rating of 82%.

*A recent Rasmussen survey found that 85 percent of Americans believe that members of Congress “are more interested in helping their own careers than in helping other people”, and that same survey found that 46 percent of the American people believe that most members of Congress are corrupt.

*According to a different Rasmussen survey, only 17 percent of all Americans now believe that the U.S. government has the consent of the governed.

*A recent Washington Post poll found that 78 percent of Americans are dissatisfied “with the way this country’s political system is working” and that only26 percent of Americans now believe that the federal government can solve the economic problems that we are facing.

So what does all of that add up to?

It adds up to a U.S. population that is very frustrated and that is looking for outlets for that frustration.

As the U.S. economy continues to fall apart, that frustration is going to continue to rise.

What we are seeing all across America is only the beginning.  We are going to see protest movements and explosions of anger that we can’t even imagine right now.

Dark days are coming for America.

You better buckle up.

Cartoons today are produced to make young minds more pliable, using hidden images and key words. 30 – 40 years ago they told a story, well some anyway. Take a look at Whats a FRN.

 Would anyone expect anything less? No jobs, No food, No heat, a whole lotta NO’s these days.

 

For a couple of decades, crime had been steadily declining in the United States, but now we are seeing very disturbing reports from all over the nation of desperate people doing desperate things as they scramble to survive or as they vent their frustrations.

(LINK) http://theintelhub.com/2011/09/14/lawless-america-20-examples-of-desperate-people-doing-desperate-things/

Who’s Kidding Who?

 

Who’s kidding who?

 

This country is looking at a fourteen trillion dollar debt created by our elected officials in Washington. To the average Joe like myself what does a trillion dollars represent? I came up with a comparison to shine some light on these crooks. My first comparison is the difference between one billion dollars and one trillion dollars. Take out a ten dollar bill and put it next to a penny. It is the same as a million dollars to one billion dollars. Now let’s do to the math. The democrats want to cut this debt by thirty billion dollars. Using my scale fourteen trillion dollars is scaled down to one hundred and forty dollars; thirty billion is less than one third of one percent or five cents. Chump change!

 

Now let’s compare the republicans generosity, these crooks are ready to cut the debt by one hundred billion or fifteen cents out of one hundred forty dollars, big whoop.

 

The first thing I would do is pull a Ross Perot, go into each area of government and find 20 percent waste and fraud. I will only charge five percent of the twenty percent without touching any sacred cows which would balance the budget within ten years and have a five percent surplus. The second thing I would do is impeach every elected official from the president down. The third thing I would do is term limits on all elected officials, career politicians need not apply! The fourth thing I would do is tort reform, to control frivolous lawsuits with a two hundred fifty thousand dollar cap on all cases. The fifth thing I would do is regulate speculators. This would put a stop to the George Soros of the world trying to destroy the economy by devaluing the dollar. This would be a great platform for a god fearing, freedom loving, and conservative thinking person. In other words the average Joe like me can do a better job than these crooks in Washington today. P.s with the five percent that I’m charging to clean up Washington I would have enough funds to take on anyone in the presidential arena.

 

From one average Joe to another,

Steve Berry

(802)279-4539

steveberry@gmx.com

http://www.nevproduction~net