Tag Archive: Wealth


If anything is reported by MSM you can count on it being worse than their telling you. The 2010 census claims that 1 in 2 are poor or living below the poverty line. Today the talking heads are saying the economy is not rebounding as fast or good as they had expected, go figure. The powers that be know the only way to save the US economy is another world war. Because the planet is now a global market other countries are worse off than here at home. There will be a “Problem – Reaction – Solution” event soon. They need a massive event to start a massive war. November 12 -13th the government is having a terrorist attack drill on the power grid. With numerous other drills the event has gone live i.e. WTC, London bombing, Sandy Hook, Boston marathon and others. IF the electric grid drill goes live expect power to be off for an extended length of time. Its not turning the power off that creates a problem, its turning it back on. We will have to wait and see how this drill plays out.

evictionnotice

Post at: http://www.independentsentinel.com

Usually when plans fail, the person-in-charge doesn’t double down and make it worse, but not so with Mr. Obama. He believes the reasons for the problems in the United States are not the result of his policies but the result of not enough of them, when he admits he has policies that is.

Take his latest record-breaking firsts and decide if you would like more.

1. The median income has dropped every year Mr. Obama has been in office. Since 2008, it has dropped $2,627. The total number of people living in poverty are 46,496,000, twice the population of Syria, reports CNS News

2. SNAP – food stamps – has a record number of American households enrolled according to CNS News reports. There are more people are on food stamps than all households in the Northeastern United States.

3. A record number $90,473,000 are now out of the work force in our country of a little over 300,000 million people. It is up 10 million under Obama.

4. Seven times as many part-time jobs for every full-time job were created under Obama, in no small part due to Obamacare which penalizes employers for giving more than 30 hours per week to employees by making employers pay for their healthcare.

5. The number of weeks on unemployment has gone from 19.8 weeks to 36.6 weeks thanks to the increase in the number of weeks people are allowed to collect. That was Mr. Obama’s solution to unemployment.

6. Black unemployment continues to go up. It rose to 13% last month.

7. The immigration bill pushed through the Senate claims that illegal aliens who are legalized will all have to get jobs but it leaves out the fact that the dependents of illegal persons, who will also be legalized by the bill, will not.

8. Under Obama, the increase in job employment was 52% greater for foreign-born workers than for native-born citizens in this country, reports CNS News.

9. McDonald’s is pleading for an exemption from the 30-hour work week, according to The Hill. Warren Buffet, a leading supporter and fundraiser for Barack Obama says we need to dump Obamacare and start over. Union leaders are demanding changes in the work week requirement under Obamacare. They are very concerned about the taxes of 40% to be levied on their Cadillac health insurance plans.

10. For the 1,000 straight day, gas has averaged over $3 a gallon. The AAA CEO said gas will never be below $3 a gallon again. The rapid increase in the Chinese economy, which we are helping to fuel, is partly responsible – law of supply and demand. It was $1.85 when Mr. Obama came into office.

11. Another record under Obama is the gap in employment rates with those earning less than $20,000 topping 21% almost matching that of workers during the Great Depression. The rich are getting richer under Obama. According to Business Insider, the net worth of the 7% richest American households rose in wealth by 28%, in no small part due to the $85 billion in QE bailouts Bernanke has pumped into the system, enabling Wall Street to capitalize on it, increasing their wealth. The middle class is eroding its wealth – 93% of American households lost under Obama.

12. Twenty-four years ago, the median income was more than $600 higher than it is now at $51,017.

13. Housing policies under Obama are not solving the problem. His interference in the housing market includes his Troubled Asset Relief Program. So far, since 2009, nearly half of the homeowners who re-negotiated their mortgages are now in default again, reports cnbc.

Bloomberg informs us that for blacks, 18 years of economic progress has vanished and the dream purchasing their own homes has slipped out of their reach. Their unemployment rate is twice that of whites. Homeownership for blacks has fallen from 50% to 43% last quarter. The rates for whites has stopped falling.

Blacks were hit harder by the housing bubble. The reason is somewhat complicated. Almost 40% of borrowers took out loans they couldn’t afford with minority home purchasing helped along with reduced eligibility requirements for credit scores and down payments. They received lower interest rates than non-minorities.

The Fair Housing Act of 1968 and the Equal Credit Opportunity Act of 1974 banned discrimination in lending and home sales based on race and national origin. In 1977, the Community Reinvestment Act bolstered that by guaranteeing banks would actively loan money to ‘credit-worthy borrowers’ in low-income areas.

Obama’s first programs to help homeowners was to spin off with loan modifications, refinancing into lower-cost loans and billions in funding with 60% used in minority areas. The plan was to rebuild uninhabitable homes for first-time buyers in poor neighborhood and high crime areas like the south side of Chicago and Baltimore. The trouble is they are still poor, high-crime areas which are the reasons they are still defaulting.

The Obama administration is blaming banks for their ‘predatory’ lending practices because the homes are going into default and the banks loaned money to people who couldn’t keep up the payments even with all the modifications and assistance. On the other hand, if they don’t do it, they are accused of discrimination and are subjected to a negative PR blitz aimed at destroying non-compliant banks.

The people in these communities need jobs, the children need to stay in school, the gangs need to be broken up, and they need functioning parents.

Mr. Obama has yet another plan to solve the problem of minority home ownership. He will accelerate his social engineering plans even though they haven’t worked so far. He is now mapping every neighborhood in the country and will redistribute the assets of the areas that are not poor to the poor by giving the poor access to schools, homes, and whatever else he can come up with in the more fortunate areas.

14. Our nation, according to the recently released report by the CBO is on an unsustainable path. Mr. Obama will not address the real problem – entitlements. In fact, he’s added more, including Obamacare. We now have to pay for everyone’s every medical need. Instead of devising a plan to help Americans with catastrophic care, Mr. Obama destroyed our entire medical system.

15. Enrollment in Social Security Disability now outpaces job growth. The SSA has lowered the standards to collect. They now include back problems, stress-related illnesses, and people who are bipolar.

16. Fifty-three percent of all Americans now make less than $30,000 per year.

17. Manufacturing jobs have gone from 12.5 million jobs to 11.9 million. Many jobs are going to China. In 2008, the U.S. trade deficit with China was 268 billion dollars. Last year, it was 315 billion dollars. Check out more on the economic collapse blog.

18.Under Mr. Obama, the federal government has accumulated more debt than under the first 42 presidents combined.

19. In August 2011, Mr. Obama saw the first downgrade of the US credit rating in our history for failing to cut spending or raise revenue. He certainly does do his best to raise revenue through taxation, I will give him that.

20. Mr. Obama is arming terrorists in Syria. You want to know how I know? He had to lift the ban on supplying arms to terrorists to supply our ‘allies’ in Syria. The Washington Examiner has that story.

21. In three years, Mr. Obama played over 100 rounds of golf. That has to be some kind of first for a president. He is going to surpass his own golfing record of 2011 this year. He particularly likes to play during times of crisis and that might be why his number of golfing excursions is picking up.

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Get ready, this might be the big one. You know, the start of the one world currency bankster monopoly. I’m sure it’ll still be a money from nothing scam, more pieces of paper that in reality are worthless.

Listen to Ms. Hudes closely, what she is stating is outrageous and damming. With a big BUT, listen to what she says toward the end. Is she being allowed to say all this to promote a one world currency? I don’t know but, the powers that be have been perpetrating this money junkie scam for decades. What you think you have and what you really have are two different things. I’m sure your all well aware if you don’t pay your taxes to the strong arm of the fed (irs) they will come and take everything you paid to much for as a banker slave.

The cost for farming, manufacturing and services should have declined due to technology which saves time and money but, have increased enormously since 1913. The value of the USD has declined due to manipulation of the system. The dollar was once worth a dollar in precious metal, today its worth about 2 cents in the same metals, thanks to the federal reserve act. Where has all this wealth vanished too? Wait a sec, I’ll bet Leahy got some, he certainly knows the game by now.

At 1:45 she states who she gave this information to. Does the name Leahy ring a bell?

 

 

The Money Machine

The Money Machine

This isn’t new news; the only part that is new is that an official of the World Bank is coming forward to spill the beans. In the past the world bankers attempted the control of US funds but failed because our elected officials still had compassion and morels toward their contingents. By December 1913 the banksters got a break and created the privately owned Federal Reserve. Of course they swore up and down this would stabilize our economy, right. The act just gave them the ability to create booms and busts to their advantage. This corruption and lawlessness doesn’t stop with the world bankers, they have bought 90% of the world governments including most of ours.

I hope Ms. Hudes has a Kevlar vest and armed body guards because anybody that has tried to bring the world bankers into the open normally has one foot in the grave. I wouldn’t be a bit surprised if we don’t hear she committed suicide by shooting herself in the back of the head twice and then hanging herself.

I would have linked to this article but, I read so much I can’t remember where it came from. If I find it I’ll post it.

World Bank Insider Blows Whistle on Corruption, Federal Reserve

A former insider at the World Bank, ex-Senior Counsel Karen Hudes, says the global financial system is dominated by a small group of corrupt, power-hungry figures centered around the privately owned U.S. Federal Reserve. The network has seized control of the media to cover up its crimes, too, she explained. In an interview with The New American, Hudes said that when she tried to blow the whistle on multiple problems at the World Bank, she was fired for her efforts. Now, along with a network of fellow whistleblowers, Hudes is determined to expose and end the corruption. And she is confident of success.

Citing an explosive 2011 Swiss study published in the PLOS ONE journal on the “network of global corporate control,” Hudes pointed out that a small group of entities — mostly financial institutions and especially central banks — exert a massive amount of influence over the international economy from behind the scenes. “What is really going on is that the world’s resources are being dominated by this group,” she explained, adding that the “corrupt power grabbers” have managed to dominate the media as well. “They’re being allowed to do it.”

According to the peer-reviewed paper, which presented the first global investigation of ownership architecture in the international economy, transnational corporations form a “giant bow-tie structure.” A large portion of control, meanwhile, “flows to a small tightly-knit core of financial institutions.” The researchers described the core as an “economic ‘super-entity’” that raises important issues for policymakers and researchers. Of course, the implications are enormous for citizens as well.

Hudes, an attorney who spent some two decades working in the World Bank’s legal department, has observed the machinations of the network up close. “I realized we were now dealing with something known as state capture, which is where the institutions of government are co-opted by the group that’s corrupt,” she told The New American in a phone interview. “The pillars of the U.S. government — some of them — are dysfunctional because of state capture; this is a big story, this is a big cover up.”

At the heart of the network, Hudes said, are 147 financial institutions and central banks — especially the Federal Reserve, which was created by Congress but is owned by essentially a cartel of private banks. “This is a story about how the international financial system was secretly gamed, mostly by central banks — they’re the ones we are talking about,” she explained. “The central bankers have been gaming the system. I would say that this is a power grab.”

The Fed in particular is at the very center of the network and the coverup, Hudes continued, citing a policy and oversight body that includes top government and Fed officials. Central bankers have also been manipulating gold prices, she added, echoing widespread concerns that The New American has documented extensively. Indeed, even the inaccurate World Bank financial statements that Hudes has been trying to expose are linked to the U.S. central bank, she said.

“The group that we’re talking about from the Zurich study — that’s the Federal Reserve; it has some other pieces to it, but that’s the Federal Reserve,” Hudes explained. “So the Federal Reserve secretly dominated the world economy using secret, interlocking corporate directorates, and terrorizing anybody who managed to figure out that they were having any kind of role, and putting people in very important positions so that they could get a free pass.”

The shadowy but immensely powerful Bank for International Settlements serves as “the club of these private central bankers,” Hudes continued. “Now, are people going to want interest on their country’s debts to continue to be paid to that group when they find out the secret tricks that that group has been doing? Don’t forget how they’ve enriched themselves extraordinarily and how they’ve taken taxpayer money for the bailout.”

As far as intervening in the gold price, Hudes said it was an effort by the powerful network and its central banks to “hold onto its paper currency” — a suspicion shared by many analysts and even senior government officials. The World Bank whistleblower also said that contrary to official claims, she did not believe there was any gold being held in Fort Knox. Even congressmen and foreign governments have tried to find out if the precious metals were still there, but they met with little success. Hudes, however, believes the scam will eventually come undone.

“This is like crooks trying to figure out where they can go hide. It’s a mafia,” she said. “These culprits that have grabbed all this economic power have succeeded in infiltrating both sides of the issue, so you will find people who are supposedly trying to fight corruption who are just there to spread disinformation and as a placeholder to trip up anybody who manages to get their act together.… Those thugs think that if they can keep the world ignorant, they can bleed it longer.”

Of course, the major corruption at the highest levels of government and business is not a new phenomenon. Georgetown University historian and Professor Carroll Quigley, who served as President Bill Clinton’s mentor, for example, wrote about the scheme in his 1966 book Tragedy And Hope: A History Of The World In Our Time. The heavyweight academic, who was allowed to review documents belonging to the top echelons of the global establishment, even explained how the corrupt system would work — remarkably similar to what Hudes describes.

“The powers of financial capitalism had a far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole,” wrote Prof. Quigley, who agreed with the goals but not the secrecy. “This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations.”

But it is not going to happen, Hudes said — at least not if she has something do to with it. While the media are dominated by the “power grabber” network, Hudes has been working with foreign governments, reporters, U.S. officials, state governments, and a broad coalition of fellow whistleblowers to blow the entire scam wide open. There has been quite a bit of interest, too, particularly among foreign governments and state officials in the United States.

Citing the wisdom of America’s Founding Fathers in creating a federal system of government with multiple layers of checks and balances, Hudes said she was confident that the network would eventually be exposed and subjected to the rule of law, stopping the secret corruption. If and when that happens — even if it may be disorderly — Hudes says precious metals will once again play a role in imposing discipline on the monetary system. The rule of law would also be restored, she said, and the public will demand a proper press to stay informed.

“We’re going to have a cleaned-up financial system, that’s where it is going, but in the meantime, people who didn’t know how the system was gamed are going to find out,” she said. “We’re going to have a different kind of international financial system…. It’ll be a new kind of world where people know what’s going on — no more backroom deals; that’s not going to keep happening. We’re going to have a different kind of media if people don’t want to be dominated and controlled, which I don’t think they do.”

While Hudes sounded upbeat, she recognizes that the world is facing serious danger right now — there are even plans in place to impose martial law in the United States, she said. The next steps will be critical for humanity. As such, Hudes argues, it is crucial that the people of the world find out about the lawlessness, corruption, and thievery that are going on at the highest levels — and put a stop to it once and for all. The consequences of inaction would be disastrous.

The banking practices of the private FedReserveBank are not what your taught. And, that goes for the I-R-S and the US Treasury Department as well. The present finacial and currency system is the biggest fraud perptrated on mankind. The USD are worthless pieces of paper backed by nothing but the good faith of the government. Do you think our government, which is controled by fed interests have “good faith” toward the people? BTW the 16th amendment was never ratified, read The Law That Never Was.

Watch and listen to the presentation below. fed2

Video Link: https://www.youtube.com/watch?v=JbAl__y6mJw

https://www.youtube.com/watch?feature=player_detailpage&v=JbAl__y6mJw

Cyprus – Again

This mess is going to spread, when the banks and corporations come to the conclution they can steal the private sectors savings for their own benifit expect more “Let the bankster looting begin”………

I have to wonder if they realize the private sectors income has to grow to service the public sector. The governments need tax dollars to keep the public employees in a job. Me thinks this whole central banking thing aint working.

 

 

The Horror on Cyprus – Where Will it Go

bernanketrillion

Let’s get something straight; what’s going on in Cyprus is theft pure and simple. If anybody hacked into your checking/savings account and electronically removed your funds it would be a crime. The banksters can call it what they may, haircut or any other feel good name but, it’s still a convictable criminal act. This felonious act is no more than transfer of wealth from the working class to the rich elite. Even though this wealth is debt based it still has some purchasing power, no matter how minute that may be.

There are reports of Cypriots taking out loans for autos, education, homes etc. putting the funds in the bank for safe keeping but, now they can’t get to it and when they do it could be 10% shy. Yet they still have to pay back the full amount with interest. WTF! Now we are well aware that the banks may not be a safe place to keep your wealth and what about gold, silver or gems people may have in their “safe” deposit boxes? Will that be gone?

 

Not to unsimilar events took place here in the land of the free and the brave. We called it “bailouts”. The 534 dictators in DC allowed their overlord, the central reserve banking system, to steal our tax dollars amassed from our potential labor to pay off the unscrupulous debt of rotted international corporations.

What happened to those villainous criminals? Nothing, they got away with it and no one did any prison time or for that matter even a slap on the wrist. Granted, there may have been some protesting in the streets and a couple of counterfeit hearings which accomplished basically nothing. Did anybody get any of their fed notes back? The fat cats sat up in their high-rise offices looking down on the middleclass and poor laughing all the while saying “look at those dense, dimwitted citizens down there expecting their childish behavior to stop us”.  They are well aware we are nothing more than slogging debt slaves to their swindling Ponzi banking scheme.

move-your-money

The sad truth is the fed prints up pieces of paper with green ink imbedded on it, and then tell us it has value which it does not. Then make laws that make it illegal if you don’t accept it in commerce. How can a private banking cartel become king over us? Why do we not have a lawful currency of exchange? Why can’t consenting free men and women use a self-made form of exchange? (Liberty Dollar)

Why don’t Nations tell the banksters to take a flying leap over a cliff? Iceland did and now they’re doing better than they have in a long time. They grew some balls and saved themselves from economic doom. Apparently they have gotten more than a haircut in Cyprus, they’ve been castrated.

Now that the central banksters have ruined the world economy with worthless paper and war what’s next in their little bag of tricks.  I anticipate this is a test run for the ultimate heist on the rest of the EU and US.  That be the hijacking of every freedom, liberty and pursuit of happiness we have with cruel and unusual punishment of martial law with a little fascism mixed in.

vtfree2

Is this our “punishment” for using a fiat currency central banking system? Printing pieces of green pictured paper out of the thin air, telling all of us its worth something. Then you have to ask, how did a small state get into such a massive debt? All bank bought politicians and their friends, no matter where are honest aren’t they!!!!!?!!!!! Trust me I’m the BANK, We gave you that paper and now we’ll take it back.    OH, I long for a billion dollar federal reserve note.

What would you do if the fed wanted to take your savings/checking funds electronically out of your account? Right now you already pay over 50% of your income in taxes already (one way or another).

Cyprus Confiscates Bank Account Money in Guise of Tax.   Is USA next?

Posted at: http://www.veteranstoday.com/

by Johnny Punish

As you may have heard by now, Cyprus just decided to tax bank accounts. Right now, there are riots in the streets. People are freaking out. The government has closed the banks until Wednesday; a bank “holiday” and the Euro zone is about to catch fire. Is the USA next?

Look, this is nutzo!

YouTube – Veterans Today –

YouTube – Veterans Today –

When I started to read about the special tax Cyprus was planning to impose on bank deposits as a condition for a European Union bailout of its financial system, I went straight to a dictionary:

“Tax: A fee levied by a government on income, a product or an activity….The purpose of taxation is to finance government expenditure.”

In this situation, depositors aren’t being asked to cough up additional money to meet a tax liability. To the contrary, a portion of Cypriot deposits will be confiscated — electronically, no less — by the government because that’s what euro zone finance ministers, the European Central Bank and International Monetary Fund demanded as a precondition for a 10 billion euro bailout.

The alternative? Allow Cyprus’ two biggest banks to collapse, which could cause an implosion of the entire financial chaos and a swift exit from the euro zone.

The proposed plan, which must be approved by the Cyprus Parliament, would impose a tax of 6.75 percent on deposits of less than 100,000 euros and 9.9 percent above that level.

This amounts to a seizure of private property. No wonder the Cypriots are outraged. Euro-zone depositors are supposed to be insured for up to 100,000 euros. Message: Deposit insurance isn’t worth the paper it’s printed on.

And that’s just one reason this not-really-a-tax sets a bad precedent. The decision to seize private property means that all assets in the euro zone are at risk, subject to the whims of politicians as they try to prevent their dream of a united Europe from shattering.

  1. What does this all mean?
  2. Will the USA ever follow this new paradigm business model?
  3. When did the banks stop serving its depositors?
  4. Should we all move to gold and run from these banksters?

So many questions….

YouTube – Veterans Today –


ABOUT THE AUTHOR: Johnny Punish is a

Hugo Chavez — Paul Craig Roberts

Orignal post at: http://www.paulcraigroberts.org/

On March 5, 2013, Hugo Chavez, President of Venezuela and world leader against imperialism, died.  Washington imperialists and their media and think tank whores expressed gleeful sighs of relief as did the brainwashed US population. An “enemy of America” was gone.

Chavez was not an enemy of America. He was an enemy of Washington’s hegemony over other countries, an enemy of Washington’s alliance with elite ruling cliques who steal from the people they grind down and deny sustenance. He was an enemy of Washington’s injustice, of Washington’s foreign policy based on lies and military aggression, bombs and invasions.

Washington is not America. Washington is Satan’s home town.

Chavez was a friend of truth and justice, and this made him unpopular throughout the Western World where every political leader regards truth and justice as dire threats.

Chavez was a world leader. Unlike US politicians, Chavez was respected throughout the non-western world. He was awarded honorary doctorates from China, Russia, Brazil, and other countries, but not from Harvard, Yale, Cambridge, and Oxford.

Chavez was a miracle. He was a miracle, because he did not sell out to the United States and the Venezuelan elites. Had he sold out, Chavez would have become very rich from oil revenues, like the Saudi Royal Family, and he would have been honored by the United States in the way that Washington honors all its puppets: with visits to the White House. He could have become a dictator for life as long as he served Washington.

Each of Washington’s puppets, from Asia to Europe and the Middle East, anxiously awaits the invitation that demonstrates Washington’s appreciation of his or her servitude to the global imperialist power that still occupies Japan and Germany 68 years after World War II and South Korea 60 years after the end of the Korean War and has placed  troops and military bases in a large number of other “sovereign” countries.

It would have been politically easy for Chavez to sell out. All he had to do was to continue populist rhetoric, promote his allies in the army, throw more benefits to the underclass than its members had ever previously experienced, and divide the rest of the oil revenues with the corrupt Venezuelan elites.

But Chavez was a real person, like Rafael Correa, the three-term elected president of Ecuador, who stood up to the United States and granted political asylum to the persecuted Julian Assange, and Evo Morales, the first indigenous president of Bolivia since the Spanish conquest. The majority of Venezuelans understood that Chavez was a real person. They elected him to four terms as president and would have continued electing him as long as he lived. What Washington hates most is a real person who cannot be bought.

The more the corrupt western politicians and media whores demonized Chavez, the more Venezuelans loved him. They understood completely that anyone damned by Washington was God’s gift to the world.

It is costly to stand up to Washington. All who are bold enough to do so are demonized. They risk assassination and being overthrown in a CIA-organized coup, as Chavez was in 2002. When CIA-instructed Venezuelan elites sprung their coup and kidnapped Chavez, the coup was overthrown by the Venezuelan people who took to the streets and by elements of the military before Chavez could be murdered by the CIA-controlled Venezuelan elites, who escaped with their own venal lives only because, unlike them, Chavez was humanitarian. The Venezuelan people rose in instantaneous and massive public defense of Chavez and put the lie to the Bush White House claim that Chavez was a dictator.

Showing its sordid corruption, the New York Times took the side of the undemocratic coup by a handful of elitists against the democratically elected Chavez, and declared that Chavez’s removal by a small group of rich elites and CIA operatives meant that “Venezuelan democracy is no longer threatened by a would-be dictator.”

The lies and demonization continue with Chavez’s death. He will never be forgiven for standing up for justice.  Neither will Correa and Morales, both of whom are no doubt on assassination lists.

CounterPunch, Fairness & Accuracy in Reporting, and other commentators have collected examples of the venom-spewing obituaries that the western presstitutes have written for Chavez, essentially celebrations that death has silenced the bravest voice on earth.  http://www.counterpunch.org/2013/03/08/obituaries-for-hugo-chavez/ http://fair.org/take-action/media-advisories/in-death-as-in-life-chavez-target-of-media-scorn/

Perhaps the most absurd of all was Associated Press business reporter Pamela Sampson’s judgment that Chavez wasted Venezuela’s oil wealth on “social programs including state-run food markets, cash benefits for poor families, free health clinics and education programs,” a poor use of money that could have been used to build sky scrappers such as “the world’s tallest building in Dubai and branches of the Louvre and Guggenheim museums in Abu Dhabi.” http://www.fair.org/blog/2013/03/06/ap-chavez-wasted-his-money-on-healthcare-when-he-could-have-built-gigantic-skyscrapers/

Among the tens of millions of Washington’s victims in the world–the people of Afghanistan, Iraq, Libya, Sudan, Pakistan, Yemen, Somalia, Syria, Palestine, Lebanon, Mali, with Iran, Russia, China, and South America waiting in the wings for sanctions, destabilization, conquest or reconquest, Chavez’s September 20, 2006 speech at the UN General Assembly during the George W. Bush regime will stand forever as the greatest speech of the early 21st century.

Chavez beards the lion, or rather Satan, in his own den:

“Yesterday, the devil himself stood right here, at this podium, speaking as if he owned the world.  You can still smell the sulfur.”

“We should call a psychiatrist to analyze yesterday’s statement made by the president of the United States. As the spokesman of imperialism, he came to share his nostrums, to try to preserve the current pattern of domination, exploitation and pillage of the peoples of the world. An Alfred Hitchcock movie could use it as a scenario. I would even propose a title: ‘the Devil’s Recipe.’”

The UN General Assembly had never heard such words, not even in the days when the militarily powerful Soviet Union was present. Faces broke out in smiles of approval, but no one dared to clap.  Too much US money for the home country was at stake. [A reader pointed out that although Chavez’s speech was not interrupted with clapping, he received a healthy round of applause at the end.]

The US and UK delegations fled the scene, like vampires confronted with garlic and the Cross or werewolves confronted with silver bullets.

Chavez spoke about the false democracy of elites that is imposed by force and on others by “weapons and bombs.”  Chavez asked, “What type of democracy do you impose with Marines and bombs?”

Wherever George W. Bush looks, Chavez said, “he sees extremists. And you, my brother–he looks at your color, and he says, oh, there’s an extremist. Evo Morales, the worthy president of Bolivia, looks like an extremist to him. The imperialists see extremists everywhere. It is not that we are extremists. It is that the world is waking up. It is waking up all over and people are standing up.”

In two short sentences totaling 20 words, Chavez defined for all times early 21st century Washington:  “The imperium is afraid of truth, is afraid of independent voices. It calls us extremists, but they are the extremists.”

Throughout South America and the non-western world, Chavez’s death is being blamed on Washington. South Americans are aware of the US congressional hearings in the 1970s when the Church Committee brought to light the various CIA schemes to poison Fidel Castro.

The official document presented to President John F. Kennedy by the US Joint Chiefs of Staff, known as the Northwoods Project, is known to the world and is available online. The Northwoods project consisted of a false flag attack on American citizens in order to blame Cuba and create public and world acceptance for US-imposed regime change in Cuba. President Kennedy rejected the proposal as inconsistent with morality and accountable government. http://en.wikipedia.org/wiki/Operation_Northwoods

The belief has already hardened in South America that Washington with its hideous technologies of death infected Chavez with cancer in order to remove him as an obstacle to Washington’s hegemony over South America.

This belief will never die: Chavez, the greatest South American since Simon Bolivar, was murdered by Washington. True or false, the belief is set in stone.  As Washington and globalism destroy more countries, the lives of elites become more precarious.

President Franklin Delano Roosevelt understood that security for the rich required economic security for the underclasses. Roosevelt established in the US a weak form of social democracy that European politicians had already understood was necessary for social cohesion and political and economic stability.

The Clinton, Bush, and Obama regimes set about undermining the stability that Roosevelt provided, as Thatcher, Major, Blair, and the current prime minister of the UK undermined the social agreement between classes in the UK. Politicians in Canada, Australia, and New Zealand also made the mistake of handing power over to private elites at the expense of social and economic stability.

Gerald Celente predicts that the elites will not survive the hatred and anger that they are bringing upon themselves.  I suspect that he is correct. The American middle class is being destroyed. The working class has become a proletariat, and the social welfare system is being destroyed in order to reduce the budget deficit caused by the loss of tax revenues to jobs offshoring and the expense of wars, overseas military bases, and financial bailouts. The American people are being compelled to suffer in order that elites can continue with their agendas.

The US elites know what is coming. That is why they created a Nazi-style Ministry of the Interior known as Homeland Security, armed with enough ammunition to kill every American five times and with tanks to neutralize the Second Amendment rights of Americans.  http://www.informationclearinghouse.info/article34259.htm http://www.forbes.com/sites/ralphbenko/2013/03/11/1-6-billion-rounds-of-ammo-for-homeland-security-its-time-for-a-national-conversation/

Pistols and rifles are useless against tanks, as the Branch Davidians found out in Waco, Texas. The protection of a small handful of elites from the Americans they are oppressing is also the reason the police are being militarized, brought under Washington’s control and armed with drones that can assassinate the real leaders of the American people who will be, not in the legislative, executive, or judicial chambers, but in the streets.  http://www.globalresearch.ca/the-militarization-of-law-enforcement-in-america-use-of-military-technology-and-tactics-by-local-level-police/5326303

Internment camps in the US appear to be real and not a conspiracy theory. http://www.youtube.com/watch?v=FfkZ1yri26s http://info.publicintelligence.net/USArmy-InternmentResettlement.pdf

The threat that the US government poses to its own citizens was recognized on March 7, 2013, by two US Senators, Ted Cruz (R-TX) and Rand Paul (R-KY), who introduced a bill to prevent the US government from murdering its own citizens: “The Federal Government may not use a drone to kill a citizen of the United States who is located in the United States” unless the person “poses an imminent threat of death or serious bodily injury to another individual. Nothing in this section shall be construed to suggest that the Constitution would otherwise allow the killing of a citizen of the United States in the United States without due process of law.”  http://www.cruz.senate.gov/record.cfm?id=339952

The “indispensable people” with their presidents Bush and Obama have begun the 21st century with death and violence.  That is their only legacy.

The death and violence that Washington has unleashed will come back to Washington and to the corrupt political elites everywhere. As Gerald Celente says, the first great war of the 21st century has begun.

Does this not make you proud of the US military leaders and our elected officaials that lead this country on a path to destruction.? The banks are deeply involved with this crime against the youth of the US and the world. Profit at any cost is thier motto. Not unlike big pharma and the legal perscription drug trade that keeps a large percentage of the population on a controlled substance. Keep everyone on drugs and they will never know the truth.

 

Excerpted from Cruel Harvest: US Intervention in the Afghan Drug Trade (Pluto Press, 2013), by Julien Mercille.

As Obama proclaims that the US adventure in Afghanistan will draw to a close over the next couple years, we may look at the balance sheet with respect to one of the occupation’s alleged justifications: the fight against Afghan heroin. The outcome has been a total failure. In fact, whereas Afghanistan is sometimes referred to as the “graveyard of empires” because throughout history, big powers have attempted, unsuccessfully, to invade and control it, the country can already be labeled as the “garden of empire” because the US/NATO occupation has resulted in a drastic increase in drug production.

Opium production in Afghanistan skyrocketed from 185 tons to 8,200 tons between 2001 and 2007 (today it is down to 3,700 tons). Most commentary glosses over Washington’s large share of responsibility for this dramatic expansion while magnifying the Taliban’s role, which available data indicates is relatively minor. Also, identifying drugs as a main cause behind the growth of the insurgency absolves the United States and NATO of their own role in fomenting it: the very presence of foreign troops in the country as well as their destructive attacks on civilians are significant factors behind increases in popular support for, or tolerance of, the Taliban. In fact, as a recent UNODC report notes, reducing drug production would have only a “minimal impact on the insurgency’s strategic threat,” because the Taliban receive “significant funding from private donors all over the world,” a contribution that “dwarfs” drug money.

A UNODC report entitled Addiction, Crime and Insurgency: The Transnational Threat of Afghan Opium provides a good example of the conventional view of the Taliban’s role in drug trafficking. It claims that they draw some $125 million annually from narcotics, resulting in the “perfect storm” of drugs and terrorism heading toward Central Asia and endangering its energy resources. UNODC maintains that when they were in power in the second half of the 1990s, the Taliban earned about $75–100 million per year from drugs, but since 2005 this figure has risen to $125 million. Although this is presented as a significant increase, the Taliban play a lesser role in the opium economy than the report would have us believe as they capture only a small share of its total value. Moreover, drug money is likely a secondary source of funding for them: UNODC itself estimates that only 10 percent to 15 percent of Taliban funding is drawn from drugs and 85 percent comes from “non-opium sources” such as private donations.

 

The total revenue generated by opiates within Afghanistan is about $3 billion per year. According to UNODC data, the Taliban get only about 5 percent of this sum. Farmers selling their opium harvest to traffickers get 20 percent. And the remaining 75 percent? Al-Qaeda? No: the report specifies that it “does not appear to have a direct role in the Afghan opiates trade,” although it may participate in “low-level drugs and/or arms smuggling” along the Pakistani border. Instead, the remaining 75 percent is captured by traffickers, government officials, the police, and local and regional power brokers – in short, many of the groups now supported or tolerated by the United States and NATO are important actors in the drug trade.

Therefore, claims that “Taliban insurgents are earning astonishingly large profits off the opium trade” are misleading. Nevertheless, UNODC insists on the Taliban-drugs connection but pays less attention to individuals and groups supported or tolerated by Washington. The agency seems to be acting as an enabler of coalition policies in Afghanistan: when asked what percentage of total drug income in Afghanistan is captured by government officials, the UNODC official who supervised the above report quickly replied: “We don’t do that, I don’t know.”

Mainstream commentary blames the size of the narcotics industry and much of what goes wrong in Afghanistan partly on corruption. But to focus on bad apples in the Afghan government and police misses the systemic responsibility of the United States and NATO for the dramatic expansion of opiates production since 2001 and for their support of numerous corrupt individuals in power. The United States attacked Afghanistan in association with Northern Alliance warlords and drug lords and showered them with weapons, millions of dollars, and diplomatic support.

The empowerment and enrichment of those individuals enabled them to tax and protect opium traffickers, leading to the quick resumption of narcotics production after the hiatus of the 2000–2001 Taliban ban, as many observers have documented. Ahmed Rashid has written that the whole Afghan Interior Ministry “became a major protector of drug traffickers, and Karzai refused to clean it out. As warlord militias were demobilized and disarmed by the UN, commanders found new positions in the Interior Ministry and continued to provide protection to drug traffickers.” The United States was not interested in cleaning Afghanistan of drug traffickers either. Thus, to blame “corruption” and “criminals” for the current state of affairs is to ignore the direct and predictable effects of US policies, which have followed a historical pattern of toleration and protection of strongmen involved in narcotics.

In 2004, Afghan forces found an enormous cache of heroin in a truck near Kandahar, but both Wali Karzai, the president’s brother, and an aide to President Karzai called the commander of the group that had made the discovery to tell him to release the drugs and the truck. Two years later, American and Afghan counternarcotics forces seized more than 110 pounds of heroin near Kabul, which US investigators said were linked to Wali Karzai. But Wali Karzai was only the tip of the iceberg, as a former CIA officer asserted that virtually “every significant Afghan figure has had brushes with the drug trade.” In private, American officials acknowledge ties with drug-linked Afghan figures. A Wikileaks cable recounting US officials’ meetings with Wali Karzai in September 2009 and February 2010 stated that while “we must deal with AWK [Ahmed Wali Karzai] as the head of the Provincial Council, he is widely understood to be corrupt and a narcotics trafficker.” But in public, the ties are denied. As Senator John Kerry, chairman of the Senate Foreign Relations Committee, said: “We should not condemn Ahmed Wali Karzai or damage our critical relations with his brother, President Karzai, on the basis of newspaper articles or rumors.”

Of the annual $65 billion global market for opiates, only 5 to 10 percent ($3 to $5 billion) is estimated to be laundered by informal banking systems, while two-thirds ($40 to $45 billion) is available for laundering through the formal banking system. A recent UNODC report estimated that about $220 billion of drug money is laundered annually through the financial system. However, only about 0.2 percent of all laundered criminal money is seized and frozen, as governments have other priorities than regulating the banking industry, which benefits from this extra liquidity.

US COUNTERNARCOTICS POLICY

Until about 2005, American policy in Afghanistan was, by and large, not concerned with drugs. General Tommy Franks, who led the initial attack, declared in 2002 that US troops would stay clear of drug interdiction and that resolving narcotics problems was up to Afghans and civilians. When Donald Rumsfeld was asked in 2003 what the United States was doing about narcotics in Helmand, he replied: “You ask what we’re going to do and the answer is, I don’t really know.” A US military spokesman at Bagram base, Sergeant Major Harrison Sarles, stated: “We’re not a drug task force. That’s not part of our mission.” Moreover, the DEA had only two agents in Afghanistan in 2003 and didn’t open an office in the country until 2004.

Several reasons explain the early opposition to counternarcotics on the part of the White House and the military. First, Afghanistan was attacked to show that Washington should not be challenged, and destroying poppy crops and heroin labs contributes nothing in this respect. Therefore, there is no reason why any effort should have been directed toward that task. In late 2005, Lt. Gen. Karl Eikenberry, then commander of US forces in Afghanistan, made it clear that “drugs are bad, but his orders were that drugs were not a priority of the U.S. military in Afghanistan.” Furthermore, Washington’s most important target at that time was Iraq, whose oil resources and strategic location in the Persian Gulf region ensured that it would take priority.

Second, many of the United States’ local Afghan allies were involved in trafficking, from which they drew money and power. Destroying drug labs and poppy fields would have been, in effect, a direct blow to American operations and proxy fighters on the ground. As Western diplomats conceded at the time, “without money from drugs, our friendly warlords can’t pay their militias. It’s as simple as that.” According to James Risen, this explains why the Pentagon and the White House refused to bomb the 25 or so drug facilities that the CIA had identified on its maps in 2001. Similarly, in 2005, the Pentagon denied all but 3 of 26 DEA requests for airlifts. Barnett Rubin summarized the US attitude well when he wrote in 2004 that when “he visits Afghanistan, Defense Secretary Donald Rumsfeld meets military commanders whom Afghans know as the godfathers of drug trafficking. The message has been clear: Help fight the Taliban and no one will interfere with your trafficking.” As a result, US military officials closed their eyes to the trade. An Army Green Beret said he was “specifically ordered to ignore heroin and opium when he and his unit discovered them on patrol.” A US Senate report mentioned that “congressional committees received reports that U.S. forces were refusing to disrupt drug sales and shipments and rebuffing requests from the Drug Enforcement Administration for reinforcements to go after major drug kingpins.”

Third, the Department of Defense thought that eradicating crops would upset farmers and hurt attempts at winning Afghan hearts and minds. Indeed, since 2001, the Taliban have sought to capitalize on resentment caused by eradication schemes. For example, in Helmand “they appear to have offered protection to the farmers targeted by eradication” and in Kandahar “they were even reported to have offered financial assistance to farmers whose fields were being eradicated, in exchange for support in fighting against the government.” Thus, it is far from certain that eliminating drugs would weaken the insurgency. In fact, the opposite is more likely, as it would only add to the opposition already generated by NATO operations in the country, as noted by a well-informed analyst: “As the conflict progressed, victims of abuses by both Afghan and foreign troops and of the side-effects of US reliance on air power began to represent another important source of recruits for the Taliban.”

From 2004, counternarcotics started slowly moving up the US agenda. In 2005, Washington developed its first counternarcotics strategy for Afghanistan, composed of five pillars: elimination/eradication, interdiction, justice reform, public information, and alternative livelihoods (although the pillars were not weighted equally: alternative development was relatively neglected, while eradication/elimination was the priority). The Afghan government incorporated this strategy into its own 2006 National Drug Control Strategy, which was later updated and integrated into its National Development Strategy in 2008. Around 2005, counternarcotics operations were still relatively isolated from the broader counterinsurgency strategy. Nevertheless, the Pentagon started to consider the possibility of getting involved in counterdrug missions and issued new guidelines authorizing the military to “move antidrug agents by helicopters and cargo planes and assist in planning missions and uncovering targets,” among other things. A number of counternarcotics units were set up, such as Task Force 333 (a covert squad of special agents) and the Central Poppy Eradication Force, an Afghan team trained by the American private contractor Dyncorp at a cost of $50 million and supervised by the United States through the Afghan Ministry of the Interior, where Washington’s main contact was Lieutenant General Mohammad Daoud. It didn’t seem to be a problem that Daoud was “an ex-warlord from the north who was reputed to have major connections with the drug trade.”

Since 2007, the United States has intensified its counternarcotics efforts and sought to integrate them more closely with the counterinsurgency campaign. In particular, in late 2008, the Pentagon changed its rules of engagement to permit US troops to target traffickers allied with insurgents and terrorists, and soldiers were allowed to accompany and protect counternarcotics operations run by Americans and Afghans. This shift was also adopted by NATO, whose members were allowed to participate in interdiction missions.

Since 2009, the Obama administration’s strategy has deemphasized eradication by ending support for the Afghan central eradication force while focusing on interdiction and the destruction of heroin labs, based on the reasoning that this “would more precisely target the drug-insurgency nexus.” A focus on rural development has also been announced because, as Richard Holbrooke declared, eradication is a “waste of money,” it alienates farmers, and it “might destroy some acreage, but it didn’t reduce the amount of money the Taliban got by one dollar. It just helped the Taliban.” The number of permanent DEA agents in Afghanistan has increased from 13 to over 80 in 2011 and the Pentagon has established a Combined Joint Interagency Task Force-Nexus in Kandahar to provide coordination support and intelligence for DEA interdiction missions and ISAF counterinsurgency operations that target insurgents with links to the drug trade.

Overall, an interesting question is to explain the emergence, intensification and militarization of US counternarcotics operations in Afghanistan. Although such a discussion remains somewhat speculative, what follows discusses possible reasons that may account for the evolution of the anti-drug strategy over time. Some have pointed to the resignation of Donald Rumsfeld as secretary of defense in 2006. Rumsfeld had always been strongly opposed to military involvement in drug control and thus his departure is thought to have contributed to a “sea change” in the Department of Defense’s attitude, which then became more engaged in counternarcotics. However, the significance of staff changes should be downplayed when explaining the broad outlines of policy. It is not as if Rumsfeld had prevented single-handedly an army of drug warriors in the US government from carrying out counternarcotics operations in Afghanistan. As seen above, there were clear strategic reasons for the lack of military involvement in counternarcotics in the years immediately after 2001.

Congressional pressures have also been identified as a reason. This political pressure, the argument goes, eventually led the Pentagon and CIA to accept publicly that the insurgency was funded by drugs and to approve the 2005 counternarcotics strategy. Indeed, in 2004–05, a host of critical pieces in the media urged more action in light of the large 2004 opium harvest. For example, Henry Hyde, Illinois Republican, stated that there was “a clear need at this stage for military action against the opium storage dumps and heroin laboratories” and that if the military did not get involved, the United States would need to send “troops from places like Turkey to take on this challenge.” The Democrats also pitched in, as when John Kerry criticized Bush for failing to eliminate narcotics in Afghanistan.

Such explanations might be correct in terms of immediate causes, in that congressional pressures and debates contributed to putting the issue on policymakers’ agenda and generating media coverage. However, they beg the question of why the narcotics issue became a more prominent debate within government circles in the first place? Some have pointed to the explosion of poppy cultivation in Afghanistan and the political pressures it has generated in the United States to do something about the problem. For example, Ahmed Rashid noted how the greater emphasis on drugs in US policy from 2005 onwards was prompted in part by the fact that it had become too obvious that Afghan poppy cultivation was getting out of control. The United States could less easily afford to be seen as doing nothing, for public relations purposes. The 2004 massive opium harvest embarrassed Washington and London enough for them to begin addressing narcotics more seriously: farmland under poppy cultivation had just increased by 64 percent and for the first time poppies were cultivated in all 34 of Afghanistan’s provinces. Similarly, opium production rose to 6,100 tons in 2006 and to 8,200 tons in 2007, the highest amount ever recorded, and Afghanistan now accounted for 93 percent of global heroin production. The skyrocketing of drug production in 2006 and 2007, publicized in UNODC reports, could not be ignored indefinitely.

There is probably some truth to this interpretation. Even if drug control is not a US objective, the discourse that has been created around the issue has acquired a force of its own. Therefore, when poppy cultivation spread in Afghanistan to a point that it became difficult to ignore, Washington was forced to make some gesture seemingly addressing the problem, otherwise, its image as a government allegedly concerned with drug harms could have been tarnished.

Finally, another possible reason is that from 2004–05, it became useful politically to talk about a war on drugs to make the resurgent Taliban look evil by associating them with narcotics. Indeed, the intensification of counternarcotics rhetoric and operations “took place against the backdrop of an upsurge in armed opposition” to the US-backed Afghan government. That is to say, whereas in the years immediately after 2001, the drug trade was largely controlled by US allies (warlords), from the time the Taliban reemerged as a significant force partly financed by drugs, narcotics became an issue that could be used to cast a negative light on them. Indeed, it is interesting that since 2004, the intensification of drug war rhetoric has grown in parallel with the rise of the insurgency.

In sum, while from 2001 to 2005, drugs were simply not part of the US agenda in Afghanistan, since 2005, there has been more talk about drug control, and more counter-narcotics operations have taken place. However, this does not mean that the United States is moving closer to conducting a real war on drugs. It is not the intensification of militaristic counterdrug missions per se that makes a drug war real, but the implementation of strategies known to reduce drug problems. On that count, Washington has failed. Further, the United States has continued to support allies involved in trafficking, and Obama stated explicitly that his drug war is instrumental in fighting the insurgency and not about eliminating drugs per se. Indeed, in 2009, his administration presented its new approach to narcotics and elaborated a target list of 50 “major drug traffickers who help finance the insurgency” to be killed or captured by the military. Therefore, if traffickers help the Taliban, they will be attacked – but if they support government forces, they apparently will be left alone. This suggests that the drug war is used to target enemies.

Julien Mercille is lecturer at University College Dublin, Ireland.

Posted at: http://theinternetpost.net/2013/02/25/afghanistan-garden-of-empire-americas-multibillion-dollar-opium-harvest/

It’s Not a “Fiscal Cliff” … It’s the Descent Into Lawlessness

 

It’s Not a Tax or Spending Problem … It’s a Devolution Into Lawlessness

The “fiscal cliff” is a myth.

Instead, what we are facing is a descent into lawlessness.

Wikipedia notes:

In many situations, austerity programs are imposed on countries that were previously under dictatorial regimes, leading to criticism that populations are forced to repay the debts of their oppressors.

Indeed, the IMF has already performed a complete audit of the whole US financial system, something which they have only previously done to broke third world nations.

Economist Marc Faber calls the U.S. a “failed state“. Indeed, we no longer have a free market economy … we have fascism, communist style socialism, kleptocracy, oligarchy or banana republic style corruption.

Let’s look at some specific examples of our descent into lawlessness.

Lawless Looting and Redistribution of Wealth

The central banks’ central bank – the Bank for International Settlements- warned in 2008 that bailouts of the big banks would create sovereign debt crises … which could bankrupt nations.

That is exactly what has happened.

The big banks went bust, and so did the debtors. But the government chose to save the big banks instead of the little guy, thus allowing the banks to continue to try to wring every penny of debt out of debtors.

Treasury Secretary Paulson shoved bailouts down Congress’ throat by threatening martial law if the bailouts weren’t passed. And the bailouts are now perpetual.

Moreover:

The bailout money is just going to line the pockets of the wealthy, instead of helping to stabilize the economy or even the companies receiving the bailouts:

  • A lot of the bailout money is going to the failing companies’ shareholders
  • Indeed, a leading progressive economist says that the true purpose of the bank rescue plans is “a massive redistribution of wealth to the bank shareholders and their top executives”
  • The Treasury Department encouraged banks to use the bailout money to buy their competitors, and pushed through an amendment to the tax laws which rewards mergers in the banking industry (this has caused a lot of companies to bite off more than they can chew, destabilizing the acquiring companies)

And as the New York Times notes, “Tens of billions of [bailout] dollars have merely passed through A.I.G. to its derivatives trading partners”.

***

In other words, through a little game-playing by the Fed, taxpayer money is going straight into the pockets of investors in AIG’s credit default swaps and is not even really stabilizing AIG.

Moreover, a large percentage of the bailouts went to foreign banks (and see this). And so did a huge portion of the money from quantitative easing. Indeed, the Fed bailed out Gaddafi’s Bank of Libya, hedge fund billionaires, and big companies, but turned its back on the little guy.

A study of 124 banking crises by the International Monetary Fund found that propping up banks which are only pretending to be solvent often leads to austerity:

Existing empirical research has shown that providing assistance to banks and their borrowers can be counterproductive, resulting in increased losses to banks, which often abuse forbearance to take unproductive risks at government expense. The typical result of forbearance is a deeper hole in the net worth of banks, crippling tax burdens to finance bank bailouts, and even more severe credit supply contraction and economic decline than would have occurred in the absence of forbearance.

Cross-country analysis to date also shows that accommodative policy measures (such as substantial liquidity support, explicit government guarantee on financial institutions’ liabilities and forbearance from prudential regulations) tend to be fiscally costly and that these particular policies do not necessarily accelerate the speed of economic recovery.

***

All too often, central banks privilege stability over cost in the heat of the containment phase: if so, they may too liberally extend loans to an illiquid bank which is almost certain to prove insolvent anyway. Also, closure of a nonviable bank is often delayed for too long, even when there are clear signs of insolvency (Lindgren, 2003). Since bank closures face many obstacles, there is a tendency to rely instead on blanket government guarantees which, if the government’s fiscal and political position makes them credible, can work albeit at the cost of placing the burden on the budget, typically squeezing future provision of needed public services.

In other words, the “stimulus” to the banks blows up the budget, “squeezing” public services through austerity.

Numerous top economists say that the bank bailouts are the largest robbery and redistribution of wealth in history.

Why was this illegal? Well, the top white collar fraud expert in the country says that the Bush and Obama administrations broke the law by failing to break up insolvent banks … instead of propping them up by bailing them out.

And the Special Inspector General of the Tarp bailout program said that the Treasury Secretary lied to Congress regarding some fundamental aspects of Tarp – like pretending that the banks were healthy, when they were totally insolvent. The Secretary also falsely told Congress that the bailouts would be used to dispose of toxic assets … but then used the money for something else entirely. Making false statements to a federal official is illegal, pursuant to 18 United States Code Section 1001.

So breaking the rules to bail out the big, insolvent banks, is destroying our prosperity.

Lawless Justice System

A strong rule of law is essential for a prosperous and stable economy, yet the government made it official policy not to prosecute fraud, even though main business model adopted by the biggest financial crime in world history, the largest insider trading scandal of all time, illegal raiding of customer accounts and blatant financing of drug cartels and terrorists have all gotten away scot-free without any jail time.

There are two systems of justice in America … one for the big banks and other fatcats, and one for everyone else.

While Iceland prosecuted its top criminal bankers, and thus quickly got through its financial problems and now has a vibrant economy, the American government has done everything it can to cover up fraud, and has been actively encouraging criminal fraud and attacking those trying to blow the whistle.

The rule of law is now as weak in the U.S. and UK as many countries which we would consider “rogue nations”. See this, this, this, this, this, this, this, this, this, this and this.

This is a sudden change. As famed Peruvian economist Hernando de Soto notes:

In a few short decades the West undercut 150 years of legal reforms that made the global economy possible.

Moreover, U.S. government personnel are on the take. They have become so corrupt that regulators are literally sleeping with industry prostitutes … while they pimp out the American people.

The corruption of government officials is staggering, and the system of government-sponsored rating agencies had at its core a model of bribery.

We’ve gone from a nation of laws to a nation of powerful men making one-sided laws to protect their own interestsin secret. Government folks are using laws to crush dissent. It’s gotten so bad that even U.S. Supreme Court justices are saying that we are descending into tyranny.

It’s not a “fiscal cliff” … it’s an attempt to rape America … just like Greece and Ireland have been plundered.

Economics professor Randall Wray writes:

Thieves … took over the whole economy and the political system lock, stock, and barrel. They didn’t just blow up finance, they oversaw the swiftest transfer of wealth to the very top the world has ever seen. They screwed workers out of their jobs, they screwed homeowners out of their houses, they screwed retirees out of their pensions, and they screwed municipalities out of their revenues and assets.

Financiers are forcing schools, parks, pools, fire departments, senior citizen centers, and libraries to shut down. They are forcing national governments to auction off their cultural heritage to the highest bidder. Everything must go in firesales at prices rigged by twenty-something traders at the biggest and most corrupt institutions the world has ever known.

Economics professor Michael Hudson agrees … saying that the banks are trying to roll back all modern laws and make us all serfs.

Professor Hudson explained in 2008:

You have to realize that what they’re trying to do is to roll back the Enlightenment, roll back the moral philosophy and social values of classical political economy and its culmination in Progressive Era legislation, as well as the New Deal institutions. They’re not trying to make the economy more equal, and they’re not trying to share power. Their greed is (as Aristotle noted) infinite. So what you find to be a violation of traditional values is a re-assertion of pre-industrial, feudal values. The economy is being set back on the road to debt peonage. The Road to Serfdom is not government sponsorship of economic progress and rising living standards, it’s the dismantling of government, the dissolution of regulatory agencies, to create a new feudal-type elite.

Indeed:

Foreign Policy magazine ran an article entitled “The Next Big Thing: Neomedievalism“, arguing that the power of nations is declining, and being replaced by corporations, wealthy individuals, the sovereign wealth funds of monarchs, and city-regions.

Indeed, this isn’t the “Great Recession”, it’s the Great Bank Robbery. The big banks have pillaged and looted the rest of the world.

 

A lawless justice system is ruining the economy.

Lawless Central Bank

The non-partisan Government Accountability Office calls the Fed corrupt and riddled with conflicts of interest. Nobel the World Bank would view any country which had a banking structure like the Fed as being corrupt and untrustworthy. The former vice president at the Federal Reserve Bank of Dallas said said he worried that the failure of the government to provide more information about its rescue spending could signal corruption. “Nontransparency in government programs is always associated with corruption in other countries, so I don’t see why it wouldn’t be here,” he said.

Moreover, the Fed has broken the law by withholding information from Congress, letting unemployment rise in order to keep inflation low, and otherwise exceeding its authority under the Federal Reserve Act.

Our central bank’s lawless and unaccountable actions are hurting the economy.

Lawless Attack on Democracy

The ability of the people to participate in their government’s decision-making is vital for a nation’s prosperity. But we no longer have democracy or a republican form of government in America.

The big banks own Washington D.C. politicians, lock stock and barrel. See this, this, this and this. Two leading IMF officials, the former Vice President of the Dallas Federal Reserve, and the the head of the Federal Reserve Bank of Kansas City, Moody’s chief economist and many others have all said that the United States is controlled by an “oligarchy” or “oligopoly”, and the big banks and giant financial institutions are key players in that oligarchy.

Laws are being passed in secret, and not even Congress knows what’s going on.

In other words, not only the justice system, but the entire system of American representation has been corrupted, thus harming the economy.

Lawless Infringement of Freedom

Personal freedom and liberty – and freedom from the arbitrary exercise of government power – are strongly correlated with a healthy economy, but America is descending into tyranny.

Authoritarian actions by the government interfere with the free market, and thus harm prosperity.

U.S. News and World Report notes:

The Fraser Institute’s latest Economic Freedom of the World Annual Report is out, and the news is not good for the United States. Ranked among the five freest countries in the world from 1975 through 2002, the United States has since dropped to 18th place.

The Cato institute notes:

The United States has plummeted to 18th place in the ranked list, trailing such countries as Estonia, Taiwan, and Qatar.

***

Actually, the decline began under President George W. Bush. For 20 years the U.S. had consistently ranked as one of the world’s three freest economies, along with Hong Kong and Singapore. By the end of the Bush presidency, we were barely in the top ten.

And, as with so many disastrous legacies of the Bush era, Barack Obama took a bad thing and made it worse.

But the American government has shredded the constitution, by subjecting us to indefinite detention, taking away our due process rights, deploying drones above our heads, spying on all Americans, and otherwise attacking our freedoms.

Indeed, rights won in 1215 – in the Magna Carta – are being repealed.

Economic historian Niall Ferguson notes, draconian national security laws are one of the main things undermining the rule of law:

We must pose the familiar question about how far our civil liberties have been eroded by the national security state – a process that in fact dates back almost a hundred years to the outbreak of the First World War and the passage of the 1914 Defence of the Realm Act. Recent debates about the protracted detention of terrorist suspects are in no way new. Somehow it’s always a choice between habeas corpus and hundreds of corpses.

Of course, many of this decades’ national security measures have not been taken to keep us safe in the “post-9/11 world” … indeed, many of them started before 9/11.

And America has been in a continuous declared state of national emergency since 9/11, and we are in a literally never-ending state of perpetual war. See this, this, this and this.

In fact, government has blown terrorism fears way out of proportion for political purposes, and “national security” powers have been used in many ways to exempt big Wall Street players from the rule of law rather than to do anything to protect us.

So lawlessness infringement of our liberty is destroying our prosperity.

Lawless Initiation and Prosecution of War

It is well-documented that war destroys the economy.

Top U.S. government employees lied us into war, and used illegal torture, assassinations and other crimes of war in prosecuting the wars they unnecessarily started. They were – at a minimum – criminally negligent for failing to stop 9/11 (and see this).

In the name of fighting our enemies – the U.S. has directly been supporting Al Qaeda and other terrorist groups for the last decade. See this, this, this, this and this.

Our use of torture has also created many more terrorists than it has prevented.

Security experts – including both conservatives and liberals – agree that waging war in the Middle East weakens national security and increases terrorism. See this, this, this, this, this, this, this and this.

Indefinite detention, drone-strikes on innocent civilians, occupation of foreign countries, and most of America’s other tactics in the “war on terror” increase terrorism.

Terrorism feeds the cycle of war … and is thus harming our economy. (And because terrorism spooks people, they spend less, which further harms the economy).

So lawlessness in starting and prosecuting war is destroying our prosperity.

Postscript: We’re not facing a “fiscal cliff”. We’re facing a descent into lawlessness. Stopping the fraudulent schemes, endless bailouts and imperial adventures is the place to start.

Banksters at work

In case you missed this, on MSM even.

I can’t stress this enough. Don’t keep any more in a bank then necessary and if anyway possible, don’t use the corrupt banking system at all.  Some states are so broke they will steal your wealth.

 

BAD FED DEBT – YOU LOSE

 

How can the US have debt on pieces of paper that are absolutely worthless? It just doesn’t make good sense to pay back on a debt that was created out of thin air. Why can’t the government tell the banking cartel to kiss off, we’re not paying that debt and all the interest that comes with it. Those pieces of paper you hold is not money, money has to have value. We use currency, which has no value and no backing with anything of value. Basically our currency is faith based; we have faith that it has some value. That faith is dwindling fast, as more and more people catch on to the banking racket.

The US government borrows 2 million dollars a minute. I don’t care if they say they’re going to reduce the national debt; it grows back like a horrible weed as soon as you cut it. The U.S. government ran a budget deficit of $188 billion dollars for the month of March alone. Compensation that the federal government workforce earned last year came to a grand total of approximately 447 billion dollars. If the federal government began right at this moment to repay the U.S. national debt at a rate of one dollar per second, it would take over 440,000 years to pay off the national debt.

How on earth can the Federal Reserve throw around billions of dollars with no accountability or oversight? Do you know where your tax dollars went? How about private accounts in the Cayman Islands and elsewhere. Matt Taibbi exposes some of the folks that the Federal Reserve has been sending money to in a Rolling Stone exposé

The Fed sent billions in bailout aid to banks in places like Mexico, Bahrain and Bavaria, billions more to a spate of Japanese car companies, more than $2 trillion in loans each to Citigroup and Morgan Stanley, and billions more to a string of lesser millionaires and billionaires with Cayman Islands addresses. “Our jaws are literally dropping as we’re reading this,” says Warren Gunnels, an aide to Sen. Bernie Sanders of Vermont. “Every one of these transactions is outrageous.”

 It seems to me they are getting ready for something. Possibly making sure all insider friends have enough currency to last while the rest of us burn when the collapse comes.

I don’t know about you but, this has pissed me off for a long time. Now it’s worse than ever. If we don’t abolish the FED you, me and everyone else will be surly doomed in the next few years, if not a whole lot sooner.  

Wish I could whipe that smerk off his face with a bat.

 

History Repeats Itself

What goes around, comes around. No one wins in a war, except the wealthy gain more wealth and power. Then they steal all the losers have. We, the US are THE NEW ROME. Strange how this could be today anywhere throughout the world.

 

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!

Not that I’m a fan of MSM but, sometimes they air something that’s close to the truth. If you haven’t read “Creature From Jekyll Island” then do so, anyone working for a bank should defiantly read it.