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The New Slavery

November 27, 2014 by · Leave a Comment 

You Are The Slave…

Recently I received a book about the history of Islam.  It is written in inviting prose and covers in detail the saga that unfolded through history from the time of the birth of Ishmael and Isaac.  On the cover is the bust of a soldier armed with a rifle on a background tinted in blood red.  The Tile of the book is “The Blood of the Moon” written by Dr. George Grant and published in 1991.  It is a great read.  I recommend it.

Grant contends that Islam is a religion that cannot be stamped out by the sole use of military force.  Nevertheless he seems to support both Israel and the United States military.  The book provides a clarion call for resistance to an Islamic plan to use brutalities to bring the world under their control.

I have just finished reading through several of R. J. Rushdoony’s books for the second time. .  His writing platform has King Jesus enthroned and active in the affairs of the world. Rushdoony provides superb explanations of the implications of a thorough, literal interpretation of Scripture.  He maintains that righteous government requires righteous citizens.

Good books written by capable thinkers invariably avoid the obvious existence of conspiracies.  We have progressed from the empires of Rome and France where large portions of the world fell under tyranny to quests for new world orders that hope to extend hegemony over the entire earth.  Like the airplanes that spray chemicals in our skies the public and most good commentators ignore reality, preferring instead to live in the comfortable but dangerous world of fantasy.

Chalcedon Foundation has published another collection of Dr. Rushdoony’s musings entitled “Our Threatened Freedom”.  It is a collection of radio spots recorded in the early 1980s.  As with all of Reverend Rushdoony’s commentaries they are incisive and pertinent. They cement the necessity of freedom in creating a prosperous society and pinpoint the insanity of allowing humanism to gain control.  Over and over again Rushdoony documents the irrational chaos created by overzealous humanistic government. The book produces extensive evidence that the checks and balances incorporated into our Constitution are not working.

Unfortunately, Rushdoony does not entertain the premise that irrational chaos is being purposely created throughout the world because chaotic societies are easier to dominate. There is no mention of the yearly Bilderberg meetings (See Here) where the wealthy and powerful meet to discuss and implement their collective agenda.  There is no mention of Zionism, which is a conspiracy, or the International bankers who control currencies, a power which is tantamount to control of the food supply.  David Rockefeller’s long time promotion of world government now confirmed in his book “Memoirs” is not cited.

There is an element of irony in the fact that theologically sound Christian teaching maintains that the Triune God created the world and even in these rebellious and barbaric times is in firm control of current events.  This fact allays the fears and striving of those that oppose the power seekers.  God controls the world and will always do so in spite of the evil efforts of those He created.

Coincidentally, Presidential candidates are often invited to the Bilderberg meetings prior to running for office.

Princeton’s Martin Gilens and Northwestern’s Benjamin I. Page have published a study that concludes “–ordinary citizens have virtually no influence over what their government does in the United States. And economic elites and interest groups, especially those representing business, have a substantial degree of influence. Government policy-making over the last few decades reflects the preferences of those groups — of economic elites and of organized interests.”  Read here and here.

Conspiracies are ignored because “conspiracy theorists” are widely considered a bit whacky. The word “conspiracy” has been demonized to prevent the expression of truth.

The plotters have made great progress in the past several decades World government wonks have become leaders in most Western nations and as the United States military does the bidding of the Zionists, hegemonic progress is occurring in the Muslim world.

Influential neocon Max Boot lobbies for perpetual war seeking the destruction of all enemies of Israel using the United States military.  It has been going on for a long time.  Boot is supported by scores of wealthy, influential neocons in powerful positions throughout the nation; he also has the media and a horde of wild eyed Evangelical Christians that make his current position almost impregnable. We are a giant puppet being controlled by a midget puppeteer creating an anomaly that is regularly ignored by prominent American authors.  Read here and here

Jacob Hornberger (Future of Freedom Foundation) describes the current condition of our nation:  “Is the situation here at home bad? We both know it is. Invasions, occupations, torture, indefinite detention, embargoes, sanctions, foreign aid, empire, militarized police, drug raids, asset forfeiture, infringements on civil liberties, IRS, income taxation, Federal Reserve, fiat money, welfare, minimum-wage laws, and economic regulations. The welfare-warfare state is destroying our freedom, morality, prosperity, and independence. We need to smash this immoral and destructive apparatus out of existence!”

Hornberger is on target with his description and the need to “smash this immoral and destructive apparatus out of existence”.  However, he fails to identify exactly how it is to be smashed!

There are some cracks beginning to appear in one conspiracy that could bode for future confrontation.  Publisher, Editor and writer, Tal Brooke, has used his SPC (Spiritual Counterfeits Project) Journal to bring some light to our current dilemma.  In the latest issue 38.1 and 38.2 he has authored an incisive piece entitled “The Messiah of a Divided People”.  In a paragraph describing the ancient Elders of the Sanhedrin he describes their dissatisfaction with a Messiah “who went like a lamb to the slaughter” preferring one that would defeat the Romans, install Zion as the world ruler and appoint them as rulers of the world

He writes, “This was, and remains, their aim and expectation. They would be the world’s five star generals and judges, Jerusalem would be the center of the World Court.  And they could tell Caesar to roll over like a dog.  They could walk into the city of Rome and take anything they wanted.  They could occupy the palace, they could execute judgment on the multitudes of the treacherous.  The world would finally be theirs as they believed Isaiah had promised them. And these Elders would rule the entire earth from Zion.  This remains the goal.”   (Emphasis mine.)  .  (For copies of the SPC Journal call 510-540-0300)

The same issue of the SPC Journal contains articles by Jewish Christian writers Steven Wohlberg and Steven Sizer.  Confrontation is not about hatred but about justice, peace, truth and righteousness for all people.

Talmudic Zionists realize at least two goal by supporting perpetual war:  They destroy the United States of America, a supposedly Christian nation (a religion they overtly hate), and at the same time contribute to the safety and power of neo-Israel.  Christianity seeks to bring the Creation under the dominion of the Triune God by peaceful means; Talmudic Zionists by stealth; and Islam by siege.

What will happen when these various power structures conflict?  Will the bankers dominate; the Zionists, the international Bilderbergers, Islam, or the business tycoons?  Will the Christian Triune God allow His world to be controlled by evil forces as punishment to rebellious Christians?  Or will Christians repent and allow the sword of the Spirit to Challenge the enemies of Christ?  Time will tell.

Wake up America.  It is not our elected officials who are setting policy for our nation.  Instead, it is the money barons, the Zionists, the Bilderbergers, and the international business tycoons.  That is at least a partial reason why elected officials do not keep their pre-electoral promises.  Obedience to the enabling masters is mandatory and retribution for disobedience is severe – note the fate of Presidents Reagan and Kennedy.

President Nixon set the stage for China to decimate the U. S. economy; President Carter gave away the Panama Canal; the Patriot Act was written long before 9/11, and Obamacare was constructed before his election.  The agenda is set in place before the presidents are elected and the people are expected to blame the puppet president rather than the invisible power centers that are actually setting policy.  The system is working.

It is time for American voters to understand that the candidates for President of the United States are pre-selected and only those obedient candidates are allowed to gain the office.  Voting is a sham to placate the populace.

Overt slavery has been eradicated in most of the Western World but the often denied sinfulness of men has put the entire world under a threat of becoming a massive slave plantation.


Al Cronkrite is a writer living in Florida, reach him at: trueword13@yahoo.com

Al Cronkrite is a regular columnist for Veracity Voice

Trotsky At The IMF

November 27, 2014 by · Leave a Comment 

Does the Name “Strauss-Kahn” Ring a Bell?

The International Monetary Fund has finally admitted that it was wrong to recommend austerity as early as it did in 2010-2011. The IMF now agrees that it should have waited until the US and EU economies were on a sustainable growth-path before advising them to trim their budget deficits and reduce public spending.  According to a report issued by the IMF’s research division, the Independent Evaluation Office (IEO):  “IMF advocacy of fiscal consolidation proved to be premature for major advanced economies, as growth projections turned out to be optimistic…This policy mix was less than fully effective in promoting recovery and exacerbated adverse spillovers.”

Now there’s an understatement.

What’s so disingenuous about the IMF’s apology,  is that the bank knew exactly what the effects of its policy would be, but stuck with its recommendations to reward its constituents.  That’s what really happened. The only reason it’s trying to distance itself from those decisions now, is to make the public think it was all  just a big mistake.

But it wasn’t a mistake. It was deliberate and here’s the chart that proves it:


(Democrats Reap What They Sowed, Rob Urie, CounterPunch)

There it is, six years of policy in one lousy picture. And don’t kid yourself, the IMF played a critical role in this wealth-shifting fiasco. It’s job was to push for less public spending and deeper fiscal cuts while the Central Banks flooded the financial markets with liquidity (QE). The results are obvious, in fact, one of the Fed’s own officials, Andrew Huszar,  admitted that QE was a massive bailout for the rich.  “I’ve come to recognize the program for what it really is,” said Huszar who actually worked on the program, “the greatest backdoor Wall Street bailout of all time.”  There it is, straight from the horse’s mouth.

So now the IMF wants to throw a little dust in everyone’s eyes by making it look like it was a big goof-up by well-meaning but misguided bankers. And the media is helping them by its omissions.

Let me explain: Of the more than 455 articles on Google News covering the IMF’s mea culpa, not one piece refers to the man who was the IMF’s Managing Director at the time in question. Doesn’t that strike you as a bit odd?

Why would the media scrub any mention of Dominique Strauss-Kahn from its coverage? Could it be that (according to NPR):

“The IMF’s managing director wanted to give Greece, Portugal and Ireland the time needed to put their accounts in order, and he also argued for softening the austerity measures associated with the bailouts for those countries.

Greek economists say that under Strauss-Kahn’s leadership, the IMF was a counterbalance to the strict austerity policies favored by northern European leaders. In fact, according to the daily Le Monde, Strauss-Kahn is fond of calling those who argue for tighter austerity “fous furieux,” which roughly translates as “mad men.”

Strauss-Kahn’s view is that shock-therapy measures imposed on Greece and other European countries with sovereign debt crises will lead only to economic recession and severe social unrest.

Several commentators pointed out Monday that at a time of turmoil in the eurozone and division among European leaders, it was the IMF, under Strauss-Kahn’s leadership, that kept the eurozone’s rescue strategy on track.

The Financial Times said that the IMF’s single most important influence in the resolution of the eurozone crisis was political — amid a lack of political leadership, the paper said, the IMF filled a vacuum.
(IMF Chief’s Arrest Renews Euro Debt Crisis Fears, NPR)

Ah-ha! So Strauss-Kahn wasn’t on board with the IMF’s shock doctrine prescription. In fact, he was opposed to it.  So there were voices for sanity within the IMF, they just didn’t prevail in the policy debate.

But why would that be, after all, Strauss-Kahn was the IMF’s Managing Director, his views should have carried greater weight than anyone else’s, right?

Right. Except DSK got the ax for a sexual encounter at New York’s ritzy Sofitel Hotel. So the changes he had in mind never took place, which means that the distribution of wealth continued to flow upwards just like the moneybags constituents of the IMF had hoped for.

Funny how that works, isn’t it? Funny how it’s always the Elliot Spitzers, and the Scott Ritters, and the Dominique Strauss-Kahn’s who get nailed for their dalliances, but the big Wall Street guys never get caught.
Why is that?

The fact is, Strauss-Kahn was off the reservation and no longer supported the policies that the establishment elites who run the IMF wanted to see implemented.  They felt threatened by DSK’s Keynesian approach and wanted to get rid of him. That’s it in a nutshell.

Do you know why the bigwig plutocrats hated DSK?

It had nothing to do with his sexual acrobatics at the Sofitel Hotel. Nobody cares about that shite.   What they were worried about were his plans for the IMF which he laid out in a speech he gave at the Brookings Institution in April 2011, one month before he got the boot. The speech got very little attention at the time, but– for all practical purposes– it was DSK’s swan song.  And, I think you’ll see why.

The experience must have been a real shocker for the gaggle of tycoons and hangers-on who attend these typically-tedious gatherings. Instead of praise for “market discipline”, “labor flexibility” and “fiscal consolidation”, Strauss-Kahn delivered a rousing 30 minute tribute to leftist ideals and wealth-sharing sounding more like a young Leon Trotsky addressing the Forth International than a cold-hearted bureaucrat heading the world’s most notorious loan sharking operation. By the time the speech ended, I’m sure the knives were already being sharped for the wayward Managing Director. To put it bluntly, DSK’s goose was cooked. Here’s a clip from the speech that will help to explain why:

“…The outstanding faults of the economic society in which we live are its failure to provide for full employment and its arbitrary and inequitable distribution of wealth and incomes”…
Not everyone will agree with the entirety of this statement. But what we have learnt over time is that unemployment and inequality can undermine the very achievements of the market economy, by sowing the seeds of instability…

.. the IMF cannot be indifferent to distribution issues…

Today, we need a similar full force forward response in ensuring that we get the recovery we need. And that means not only a recovery that is sustainable and balanced among countries, but also one that brings employment and fair distribution…

But growth alone is not enough. We need direct labor market policies…

Let me talk briefly about the second lung of the social crisis—inequality…IMF research also shows that sustainable growth over time is associated with a more equal income distribution…

We need policies to reduce inequality, and to ensure a fairer distribution of opportunities and resources. Strong social safety nets combined with progressive taxation can dampen market-driven inequality. Investment in health and education is critical. Collective bargaining rights are important, especially in an environment of stagnating real wages. Social partnership is a useful framework, as it allows both the growth gains and adjustment pains to be shared fairly…

We have also supported a tax on financial activities (and) organized jointly with the ILO … to better understand the policies behind job-creating growth…

Ultimately, employment and equity are building blocks of economic stability and prosperity, of political stability and peace. This goes to the heart of the IMF’s mandate. It must be placed at the heart of the policy agenda. Thank you very much.”   (The Global Jobs Crisis— Sustaining the Recovery through Employment and Equitable Growth, Dominique Strauss-Kahn, Managing Director IMF, April 13, 2011)

Can you imagine the chorus of groans that must have emerged from the crowd when Strauss-Kahn made his pitch for “progressive taxation”, “collective bargaining rights”, “protecting social safety nets”, “direct labor market policies” and  “taxes on financial activities”? And how do you think the crowd reacted when he told them he’d settled on a more enlightened way to distribute the wealth they’d accumulated over a lifetime of insider trading, crooked backroom deals and shady business transactions?

Do you think they liked that idea or do you suppose they lunged for their blood pressure medication before scuttling pell-mell towards the exits?

Let’s face it; Strauss-Kahn was headed in a direction that wasn’t compatible with the interests of the cutthroats who run the IMF. That much is clear. Now whether these same guys concocted the goofy “honey trap” at the Sofitel Hotel, we may never know.  But what we do know is this: If you’re Managing Director of the IMF, you’d better not use your power to champion “distribution” or collective bargaining rights or you’re wind up like Strauss-Kahn, dragged off to the hoosegow in manacles wondering where the hell you went wrong.

DSK was probably done-in by the people who hated his guts. Now they want to polish-up their image by rewriting history.

And, you know, they’re rich enough to pull it off, too.


Mike Whitney is a regular columnist for Veracity Voice

Mike Whitney lives in Washington state. He can be reached at: fergiewhitney@msn.com

Anti-Putin Propaganda Not Working

November 27, 2014 by · Leave a Comment 

Anyone who follows the news regularly, knows that the media has done everything in its power to smear Vladimir Putin and to demonize him as a tyrant and a thug. Fortunately, most people aren’t buying it.
Yes, I’ve seen the polls that say that Putin and Russia are viewed “less favorably” than they were prior to the crisis in Ukraine. In fact, here’s a clip from a recent PEW survey which seems to prove that I’m wrong:

“Across the 44 countries surveyed, a median percentage of 43% have unfavorable opinions of Russia, compared with 34% who are positive.

Negative ratings of Russia have increased significantly since 2013 in 20 of the 36 countries surveyed…

Americans and Europeans in particular have soured on Russia over the past 12 months. More than six-in-ten in Poland, Germany, Italy, Spain, France, the U.S. and the UK have an unfavorable image of Russia. And in all but one of these countries negative reviews are up by double digits since last year, including by 29 percentage points in the U.S., 27 points in Poland, 24 points in the UK and 23 points in Spain.” (Russia’s Global Image Negative amid Crisis in Ukraine: Americans’ and Europeans’ Views Sour Dramatically, PEW Research)

These results strongly suggest that the public blames Moscow for the fighting in Ukraine and (presumably)agrees with the prevailing storyline that Putin is a vicious aggressor who seized Crimea in order to rebuild the Soviet Empire. The problem with the PEW survey is that the results are based random samples of nationwide face-to-face or telephone interviews.

Why is that a problem?

It’s a problem because the man-on-the-street hasn’t the foggiest idea of what’s going on in Ukraine. All he knows is what he’s heard on TV. So, naturally, when he’s asked to offer his opinion on the matter, he’s going to regurgitate some variation of the official version, which is that Putin is responsible.

But try asking someone who’s actually been following events in Ukraine that same question, and you’re going to get an entirely different answer. Among the people who follow the daily developments in Ukraine, roughly two out of three support the Russian position. This isn’t something you’re going to find in the survey data, but if you take the time to comb the comments lines in the international media, you’ll see what I’m saying is true.

I hadn’t figured this out until last week’s G-20 Summit in Brisbane when Canada’s PM Stephen Harper brusquely greeted Putin saying, “I guess I’ll shake your hand, but I only have one thing to say to you: you need to get out of Ukraine.”

The incident immediately became headline news around the world as journalists for all the major media heaped praise on Harper for courageously “shirt-fronting” the dastardly Putin. What was left out in the media’s account of the exchange, was Putin’s crisp retort, which was, “Unfortunately it is impossible, (for us to leave Ukraine) because we are not there.”

Touché. As you might expect, Putin’s response did not fit with the media’s narrative, so it was scrubbed from the coverage altogether.

The Harper incident was a particularly big deal in Canada where all the newspapers ran gushing articles lauding the prime minister for his righteousness and fortitude. Oddly enough, however, only a small percentage of the people who commented on the dust-up, saw Harper as the hero. Here’s a few samples of what ordinary people had to say. This is from BobsOpinion:

“Harper embarrasses Canadians again on the international stage. It will take years for Canadians to re-build our international relationships and to re-build our reputation.”

This comment is from redondex:

“Harper made a childish and baseless remark to Putin and walked off with a grin of a proud five year old spoilt kid. All Harper achieved was to ridicule himself in front of the rest of the world. That is our leaders usual behavior.”

This is from Makman1:

“I was under the impression that a proper democracy would first use negotiating as a way to understand the divergent groups involved in the Ukrainian revolution and then apply a political solution, if possible. The present Ukrainian government immediately used force. PERIOD! The Harper government, instead of using its “influence” to attempt to defuse a complex situation blindly followed the actions of the USA. If Harper really cared at all he would ask his foreign minister to get directly involved with Russian and Ukrainian counterparts and help reach a compromise…. Hopefully, Harper is not supporting Ukrainian right wing fascists?”

This is from Jörð:

“It’s not wise for Harper to follow America’s lead on every foreign policy. The USA government has a terrible track record when it comes to getting things right in foreign lands. Also Putin was correct when he responded to Harper’s comment by saying “It’s impossible, we are not there.” Technically Russia is not “In” the Ukraine.”

This is Time4Change:

“This is another example of Harper BLUSTERING backed with NO SUBSTANCE! Why are there NO SANCTIONS on the Russian Energy Giants Rosneft and Rostec? Could it be the hundreds of billions of $s the Russians have invested in the tar sands have caused Harper to be the SOFTEST on ACTIONS while shouting the loudest.”

And this is from Mt Athabaska:

” …one day Harper will reach puberty on global affairs.”

It’s worth noting that these comments were lifted from article that was published by the Canadian Broadcasting Corporation. I was shocked at how harshly Harper was criticized by his own countrymen. I was also surprised that the author’s obvious anti-Putin bias had virtually no impact on the opinions of the people who commented on the incident. In fact, it appeared to make many of them mad.

I should also mention that I omitted all of the comments that lambasted Harper for hiding in a broom closet “while a gun battle ensued in a nearby hallway of the Parliament building in Ottawa” in early October. (See here: Needless to say, Harper’s comical performance at the G-20 hasn’t convinced anyone that he’s the courageous leader he imagines himself to be.)

The media is increasingly worried that it’s losing its ability to persuade people to support policies that only serve the interests of elites. The media has rolled out all the heavy artillery in its campaign to demonize Putin, but the strategy hasn’t worked. In fact, it’s backfired quite badly leading some publications to cancel their comments section altogether.

And the response from readers has been huge too, mainly because the standoff between two nuclear-armed adversaries has galvanized the publics’ attention. For example, in the CBC article I cited above, more than 2,500 comments have been posted already, while many of the other articles on Ukraine or Putin have exceeded 6,000 comments. This just shows how closely people are following events and how passionate they feel about the policy.

And, as we said earlier, this isn’t just a Canadian phenom either. For example, here are a few of the comments I picked up from an article in the conservative UK Telegraph in an article titled Global economy to suffer as Putin quits G20 early.

Zeug Gezeugt:

“The US supports the neo-Nazi ethnic cleansing campaign in east Ukraine, Russia supports the Russian speaking Ukrainian majority in the east against it. Pretty simple really, and the US enforced sanctions can only harm EU Russian relations, a win-win all round for the neoconservative hawks.”

Pamela Cohen:

“So, the media tells us in the Title that Putin is to blame when the Global economy suffers, because he left the G20 early. What stupidity. And what a statement in bringing warships as their targeted President attends yet another meeting. Good for Putin. Blame the US-backed coup and looting and 4000 deaths on Putin, and blame the Ukrainian plane that shot down a passenger flight on him, too. Then shun him at a world meeting, as if he doesn’t have the right and responsibility to defend his country’s borders, Naval base, pipeline and brothers in the Ukraine as they are shelled and killed by US manipulation.

Instead of shock and awe and intruding where they didn’t belong like the US in all the Mid-Eastern countries according to long-ago made plans, Putin sends humanitarian aid and the people vote in Donetsk and Luhansk.

Putin-not all Americans are stupid sheep. My apologies for the onslaught of ignorance and imperialism. You are standing up to bullies of the worst kind. The world needs peaceful solutions to restore the harm of NWO fanaticism and corrupt bankers. Hold the line.”

MP Jones: “The US never ended the cold war and the ‘useful idiots’ in this context are us in Europe and the UK.”

Richard N:

“Most British people are deeply unconvinced by the flood of US and EU propaganda over Ukraine, trying to cast Russia as the villain – when the civil war there was caused directly by the US and their EU side kicks backing a coup to overthrow the elected government of a sovereign country, Ukraine.”

timepass:

“With due respect to the author, you say that his (Putin’s) popularity will rise at home as a consequence of this. Please read the message boards North American and European, you will find his popularity seems to have increased everywhere.

Guess the Brains behind 5 eyes and snooping will now have to move into the new reality of the power of the internet to provide information which they would not like others to get. Just a question of time before they make their next move – Censorship!”

Busufi:

“If, the ‘Seven Dwarfs’ (US, UK, EU, Japan, Australia, Canada, and South Africa) like bullies, weren’t so obsessed with beating Russia or China into a corner, rather than bringing Russia or China into their corner; the world would be a better place. Co-operation works better than devastation.”

John Derbyshire :

“Why all this Anti Russian propaganda. The fools who run the West keep creating bogeymen Bin Laden, ISIS, oddly both had connections to Western Powers. So as we face an economic down in the world economy we need another bogeyman, and up pops Putin in the Capitalist controlled media!

People seem to have short memories of pre Putin era, when Yeltsin backed by the West led the country to economic meltdown. Maybe he has scant regard for democratic institutions, but do Western governments support the views of the people!

All of this came about when the United States pushed Nato’s borders eastward and involved themselves in the Ukraine, particularly Mr Kerry. Russia felt itself threatened not by demands of democracy a device used by the worlds superpower, but the growing influence of the United States in the region. The fact that the USA exploited ethnic tensions only shows what was their intention in the region.”

petergardener:

“If the objective is to make Mr Putin appear isolated on the world stage in order to make him less popular at home, it isn’t working and also shows a profound misunderstanding of the Russian mind-set. ‘

Our Western political leaders also have a profound misunderstanding of strategy. Just about everything they do in relation to Russia is wrong and gains the West nothing. But they do like willy waving. Just a pity they do so much damage while they are at it.”

RedBaron9495: “With the public, the effect is rebounding and probably starting to gain Putin more support and worldwide sympathy. This British news forum is good example of that. They made the mistake of going into overkill…..and the public are wising up to the propaganda. They seen this all before prior to Iraq 2003 invasion…and again with Gaddafi.”

Circle of DNA :

“Well, the lives of average folks in Russia has been drastically improved since Putin took the reins of power. He defends Russian interests, fights the empire of chaos, and is massively supported by his people. He is also well educated and a first class statesmen. What is there not to like about him?”

Alltaxationistheft: “The Russian people appreciate how lucky they’ve been for Vladimir Putin to be around at the right time to resist the Neocon supremacist Wolfowitz doctrine…

Since the 1990s , the war mongering maniacs in the West have been planning to asset strip, and plunder Russia via ”liberal democracy”, claiming its natural resources while funding serial inter-ethnic tribal wars via US allies Qatar and Saudi Arabia…

In the 1990s, Russian people were driven into starvation ,prostitution and suicide under pro American ”Liberal” US corporate puppet Yeltsin… but Putin kicked the CIA EU Mossad lunatics out and has been re-building a Russia into a world power ever since.”

anonymous:

“The classless western free (loading) world that produces very little except paper currency, lies and bullshit. I am surprised Mr. Putin came and surrounded himself with such low life scum.
When all the western oligarchs hate someone as much as they hate President Putin, you know he has to be doing something right.”

There’s no need to be selective. Curious readers should go to any editorial platform that covers the crisis in Ukraine and judge for themselves if what I’m saying is true or not. The comments above are in no way extraordinary. What they do show, however, is that the media is losing the propaganda war in pretty stunning fashion, and that’s a huge victory for ordinary people. It’s very difficult for elites to prosecute their criminal wars or implement their rip-off economic policies when people can clearly see what they’re up to.

Now check out this article in the German paper Zeit Online where the author bemoans the media’s loss of influence. The article is titled “How Putin Divides”:

“Why do so many German citizens judge the crisis in Crimea in a completely different way than politicians and the media?

In my 30 years of experience with debates, I have never seen anything like what is now happening in Germany in the dispute over Russia and Crimea….

Unless surveys are misleading, two-thirds of German citizens, voters and readers stand opposed to four-fifths of the political class – in other words, to the government, to the overwhelming majority of members of parliament and to most newspapers and broadcasters. But what does “stand” mean? Many are downright up in arms. And from what one can gauge from letters to the editor, the share of critics seems significantly higher now than what was triggered by Sarrazin’s inflammatory book back then.” (Zeit Online)

Did you catch that part about the “two-thirds of German citizens.. stand opposed to four-fifths of the political class…and to most newspapers and broadcasters”?

That’s a triumph in itself, isn’t it? And what is the issue they disagree about?

They disagree “about the conflict between an aggressive autocrat (Bad Vlad) and Western democracies.”(the Washington-led troublemakers)

Here’s more from the same article:

“…the legitimacy of international law is being questioned in an offensive manner, while the legitimacy of Putin’s nationalist-imperialist ideology is being seriously considered….. It doesn’t do any good to accuse the majority of sheepishness or base economic selfishness, even if that seems to be the driving motive of some business leaders… The issue goes deeper, much deeper.” (How Putin Divides, Von Bernd Ulrich, Zeit Online)

“The legitimacy of international law is being questioned”?!?

Have you ever read such crybaby gibberish in your life?

Why is “the legitimacy of international law is being questioned”? Because people don’t accept blindly what they read the papers and hear on the news anymore? Because corporate editors no longer control how people think about issues? Because people are using their critical thinking skills to see through the lies and bullshit that idiots like the author ladle out in heaping doses every day? Is that why?

It seems to me that that’s a positive development, that people should question whatever they read in the papers and look for other sources of information before they form an opinion.

The bottom line is that no one believes the goofy propaganda the western media is trying to ram down the everyone’s throat anymore.

As kyle555 at Zero Hedge says: “India, China, Brazil and a host of other countries, representing more than half the world’s population, aren’t buying the western imperialist narrative on Ukraine. Nor are major segments of the domestic populations of the countries that are warmongering against Russia.”

Nor do they believe that US wars are a force for good in the world. Here’s strannick at Zero Hedge:

“Russia has seen firsthand the American dream for other nations, as American backed Oligarchs pillaged Russia while it’s people starved and were impoverished. Putin loves his country, and won’t sit on his thumbs while America attempts to encircle it through proxies while rationalizing its actions through corrupt MSMedia propaganda.”

Nor are they buying the “Putin is Hitler” crappola.

This is from smacker:

“People see in Putin a proud national leader who has the guts to stand up to our own criminals and who has over 80% support from his own population. That is enough to admire the guy, whatever else he might be.”

This is from Gaius frakkin':

“A lot of the hatred from the political puppets in the West is due to Putin’s popularity. They’re jealous sociopaths who yearn to be respected and admired as much as him. The fact that Putin’s popularity is never mentioned is the key tell.”

And this from Joe Tierney:

“Vladdy-Poot is hammering home the point that the euros need to stop being America’s bitches, think for themselves, consider the terrible “costs” accruing to them for “wearing the blue dress” for America.

…America’s “global chaos ploy” is failing. Its cynical, “throw everyone under the bus” strategy just to cut across the rise of Russia-China is exposed for what it is – America cares nothing about the euros or anyone else. All it cares about is its own global dominance in perpetuity, no matter the “costs” to the rest of the world, including its friends and allies.

Putin has balls the size of the moon, and you can damn well bet that right now Russia and Putin are secretly being cheered on a grand scale around the globe.”

There’s a reason why, according to Gallup, Trust in Media (is at an) All-Time Low. It’s because the corporate media is the most perfidious, double-dealing, hypocritical institution in the country today. That’s why the anti-Putin propaganda has fallen on deaf ears. It’s because most people know you can’t believe anything you read in the news.


Mike Whitney is a regular columnist for Veracity Voice

Mike Whitney lives in Washington state. He can be reached at: fergiewhitney@msn.com

How Christians And Conservatives Are Helping To Destroy America

November 23, 2014 by · 23 Comments 

What makes America America? What distinguishes this country from the nations of the world–or from world history, for that matter? Even casual historians must admit that there has never been a country like the United States of America ever to exist. This nation is unique to world history. There has never been a country like this–and probably will never be one like it again.

As hard as it is for the anti-God types to admit, America has a deeply-rooted Christian history and culture. However, when one says, “America is a Christian country,” (usually spoken by a Christian, of course), he or she may mean something that NEVER existed. So, let’s set the record straight: America was never founded as a theocracy. And even though there are some well-meaning, albeit naïve, Christian people today who pretend that America once had, and should have again, a theocratic-type government and society, the fact is, America was NEVER a theocracy.

The only theocracy in the history of the world was Old Testament Israel under Moses. After the death of Moses, God expected Israel to be governed by the principles established through Moses. Even the reign of Israel’s greatest king, King David, could not be classified as a theocracy. He, too, was expected to adhere to the tenets and principles of Moses. Only through Moses did God directly govern the people. And even within the government of Israel, God established the roots of what became known as republican (small “r”) government. But I will save that discussion for a later day.

So, if by “Christian nation” people mean that America was established as some sort of theocracy, they are gravely mistaken. It is also unfortunate that some well-meaning (at least, I think they are well-meaning) Christian people give the unchurched world the impression that they are trying to create some sort of theocracy in America today. Some even go so far as to teach that we don’t need a Constitution or State and municipal laws–and any such laws are themselves evil. This is an asinine philosophy, to say the least.

I, for one, would never want a so-called theocracy administered by the likes of the vast majority of Christian teachers and pastors today. Are you kidding? Most of them can’t even govern a small congregation of believers who are ostensibly assembled under the same ideology, same eschatology, same ecclesiology, etc. Have you been to a church business meeting lately? You really want those people dictating national laws? God forbid!

No! There is no Moses on the scene today with new revelation dictating God’s will for the nation. That being said, there is no mistaking the fact that America has a deeply-rooted, rich Christian tradition.

America’s founders, even those who were not professing Christians, as we understand the term today, acknowledged that fact.

Benjamin Franklin wrote a pamphlet called, “Information to Those Who Would Remove to America.” It was intended to be a guide for Europeans who were thinking about relocating to this country. In it, he said, “Hence, bad examples to youth are more rare in America, which must be comfortable consideration to parents. To this may be truly added, that serious religion, under its various denominations, is not only tolerated, but respected and practiced.”

Franklin continued, “Atheism is unknown there; infidelity rare and secret; so that persons may live to a great age in that country without having their piety shocked by meeting with either an Atheist or an Infidel.”

Franklin went on: “And the Divine Being seems to have manifested his approbation of the mutual forbearance and kindness with which the different sects [Christian denominations] treat each other; by the remarkable prosperity with which he has been pleased to favor the whole country.”

Noah Webster (himself an outspoken Christian, of course), said, “The religion which has introduced civil liberty is the religion of Christ and His apostles, which enjoins humility, piety, and benevolence; which acknowledges in every person a brother, or a sister, and a citizen with equal rights. This is genuine Christianity, and to this we owe our free Constitutions of Government.”

Webster also said, “When you become entitled to exercise the right of voting for public officers, let it be impressed on your mind that God commands you to choose for rulers just men who will rule in the fear of God. The preservation of a republican government depends on the faithful discharge of this duty.”

Notice, Webster did not say we should vote for “Christians.” He said we should vote for “just men who will rule in the fear of God.” That is the correct model set forth in both Natural and Revealed Law. Today, most Christians have never been taught this rudimentary truism.

Daniel Webster noted the following: “Finally, let us not forget the religious character of our origin. Our fathers were brought hither by their high veneration for the Christian religion. They journeyed by its light, and labored in its hope. They sought to incorporate its principles with the elements of their society, and to diffuse its influence through all their institutions, civil, political, or literary.”

There is the correct understanding of America as a “Christian” nation. America’s founders never thought they were creating a theocracy, but they did have a “high veneration” for the Christian faith and “sought to incorporate its principles” into American government.

The principles of the Christian faith include both Natural and Revealed Law. The Declaration of Independence and Bill of Rights, especially, clearly illustrate the founder’s understanding and appreciation for these principles.

The Declaration begins, “When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which THE LAWS OF NATURE AND OF NATURE’S GOD [emphasis added] entitle them, a decent respect to the opinions of mankind requires that they should declare the cause which impel them to the separation.

“We hold these truths to be SELF-EVIDENT [emphasis added], that all men are CREATED [emphasis added] equal, that they are endowed BY THEIR CREATOR [emphasis added] with certain unalienable Rights, that among these are Life, Liberty, and the pursuit of Happiness.”

As Thomas Jefferson quickly penned the Declaration (and he did write it rather quickly), he was borrowing heavily from John Locke and the commonly understood principles of Natural Law. Though the founders were dissimilar in regards to their understanding of Biblical teaching, to a man, they understood and agreed with the “self-evident” principles of Natural Law, or “the Laws of Nature.”

Furthermore, virtually every “right” enumerated in the Bill of Rights can be traced directly to commonly understood principles contained in Natural and Revealed Law. That fact is unassailable.

In addition to our common Christian heritage, America was united with a common language, along with a common culture and history. The loss of our Christian heritage, our common language, along with our common culture and history would certainly transform America into something other than America.

Unfortunately, however, there are those who share our common faith and history who are also contributing mightily to the destruction of America. I am talking about those who would identify themselves as Christians and/or conservatives. Of course, to hear these people talk, America’s problems are all caused by “liberals,” or Democrats. They would also single out drug-dealers (except they always seem to leave out certain politicians who are the true drug lords in America), pornographers, Hollywood entertainers (not all of whom are immoral reprobates, of course), and similar sorts, as being the cause of America’s destruction.

There is absolutely no question that a national breakdown of morality is seriously problematic to the survival of a free republic. No doubt about it! My only contention on this point is that the groups mentioned above are not the true problem; they are only symptomatic of the true problem. The real problem is the CHURCH. A soft, uncommitted, carnal, materialistic, lazy, self-righteous church is the root cause of ALL of America’s problems, including the ones mentioned above.

Too many of today’s churches are thoroughly consumed with self-righteousness and self-centeredness. They either try to mimic the world and by doing so become just like the world, or they think themselves better than the world and by doing so become worse than the world.

Phariseeism is a major problem today. Have you ever noticed that you seldom, if ever, hear a message about Christ and the Pharisees? Why is that? It’s because a study of the subject will reveal that too many church leaders are nothing more than modern-day Pharisees in practice. It’s a lesson that hits uncomfortably close to home.

Okay. Let me toot my own horn here. I have a DVD with three messages on the subject, “Christ And The Pharisees” available. And, seriously, when is the last time you ever heard the subject mentioned from anybody’s pulpit? I submit that one CANNOT possibly understand the ministry and teachings of Christ if one does not understand the contentious contest that took place between Christ and the Pharisees. If you would like to purchase this three-message series on ONE DVD, go here:

Christ And The Pharisees DVD

The spirit of Phariseeism is so prevalent among the Church today that is no wonder why so many unbelievers refuse to darken the doors of a church. Many of today’s Christians are as enslaved to the traditions and doctrines of men as any slave anywhere. How in the name of common sense can one expect Christians to fight for the political liberties of our country when they, themselves, are enslaved to the machinations of modern-day Pharisees?

Some of the most enslaved people on the planet are professing Christians. Many of our churches, Christian schools, colleges, seminaries, etc. are filled with the “servants of men.” The fact that our public education system fails to teach children to think critically is only matched by too many of today’s churches and Christian schools.

Not only do so many Christians have a slave mentality; they also have a war mentality. Who are the ones who are the first and loudest cheerleaders for perpetual wars of aggression in the Middle East? Christians and conservatives! But why should that surprise us? Look at our churches. What do you see? Perpetual war: infighting, gossip, slander, backbiting, name-calling, character assassination, etc. Some of the most mean-spirited, low-down, dishonest, conniving, and blood-thirsty people on the planet call themselves Christians. Believe me, if they could get away with it, there is no telling how many people in our country would be losing their heads at the hands of these pious-talking Christians. Hatred and bitterness is nothing more than murder of the heart; and millions of professing Christians are as guilty as can be.

Speaking of losing one’s head, the anti-Muslim bias and hysteria being evidenced in most churches today is absolutely alarming! In the mistaken notion that somehow it is God’s will that the American army be used as some sort of holy crusade against Islamic states, Christians are spearheading a perpetual war doctrine that has become the bane of freedom within our own country.

In the name of fighting a “war on terror,” America is being turned into a giant Police State–and Christians seem to be among its most ardent supporters. But Washington, D.C., is not fighting a “war on terror,” it is fighting a “war on liberty.” Our Bill of Rights is being decimated! We are living under an Orwellian surveillance society, the likes of which Hitler and Stalin could have only dreamed about. And, again, Christians and conservatives are among the loudest proponents.

Now that the GOP has control of both houses of Congress in Washington, D.C., and with a pro-war Democrat in the White House, we can expect an escalation of foreign wars during the next two years analogous to those of the G.W. Bush years. And, unfortunately, most of the Christian war fever seems to be predicated on the erroneous John Hagee theology that modern-Israel is Bible-Israel and, somehow, it is America’s responsibility to fight all of Israel’s wars.

The war fever demonstrated by too many Christians and conservatives is destroying our country. Endless wars abroad; hundreds of thousands of innocents killed–many of whom are our Christian brothers and sisters; trillions of dollars of deficit spending to fund these perpetual, unconstitutional wars of aggression; a burgeoning Police State at home under the rubric of “we are at war”; ad infinitum.

Worse still is the way Christian war fever has turned the nations of the world, not only against America, but against Christianity. How are our missionaries supposed to take the message of the Prince of Peace to a people whom we have just bombed into the Stone Age, killing their parents, children, brothers and sisters, etc.?

Since 1980, the United States has invaded, occupied, or bombed fourteen Islamic countries. Fourteen! But the pro-war politicians in D.C. keep telling the American people the reason that Muslims hate us is because of our freedom. What a crock! Some of us can remember when some of the best friends this country had were Islamic states in the Middle East. A meddling, intrusive, arrogant, war spirit in Washington, D.C., has turned people who were once friendly to the United States into some of our most fierce adversaries. And all Christians and conservatives can do is demand more and more war.

See this report:

How Many Muslim Countries Has The U.S. Bombed Or Occupied Since 1980?

And, as it appears right now, the only major prospective presidential candidate on the scene from either major party who is not marching in lock step with the war machine is Rand Paul. And you can bet that the military industrial complex, along with the military religious complex, will try to crucify Rand in the same way they crucified his dad, Ron Paul.

The assault against the United States is massive. We are fast losing our Christian heritage and culture–and Christians are as much to blame as anyone. They have tried to turn the Lord’s Church into a playground or entertainment center–or even worse, a corporation. Phariseeism is rampant. As a result, unbelievers have lost all respect for churches in general. I, for one, don’t blame them.

We have lost our understanding of, and appreciation for, Natural Law. Even most pastors cannot articulate the fundamental principles of Natural Law, even though this is the Law upon which America was founded. This means, we have lost the true meaning of America’s Declaration of Independence and Bill of Rights.

We cheer as our country has turned into a “Warfare State.” We applaud as our nation has turned into an Orwellian surveillance society. We are losing our common language, our common history and heritage, and our common faith. Christianity in 2014-15 is not even comparable to Christianity in 1775-76. We have traded Jonas Clark for Joel Osteen.

Yes, the very people who claim to love America the most and who claim to be interested in her blessing and prosperity are too often the very ones who are helping to destroy her.


Chuck Baldwin is a regular columnist for Veracity Voice

You can reach him at: chuck@chuckbaldwinlive.com
Please visit Chuck’s web site at: http://www.chuckbaldwinlive.com

Russia Invades Ukraine. Again. And Again. And Yet Again… Using Saddam’s WMD

November 22, 2014 by · Leave a Comment 

“Russia reinforced what Western and Ukrainian officials described as a stealth invasion on Wednesday [August 27], sending armored troops across the border as it expanded the conflict to a new section of Ukrainian territory. The latest incursion, which Ukraine’s military said included five armored personnel carriers, was at least the third movement of troops and weapons from Russia across the southeast part of the border this week.”

None of the photos accompanying this New York Times story online showed any of these Russian troops or armored vehicles.

“The Obama administration,” the story continued, “has asserted over the past week that the Russians had moved artillery, air-defense systems and armor to help the separatists in Donetsk and Luhansk. ‘These incursions indicate a Russian-directed counteroffensive is likely underway’, Jen Psaki, the State Department spokeswoman, said. At the department’s daily briefing in Washington, Ms. Psaki also criticized what she called the Russian government’s ‘unwillingness to tell the truth’ that its military had sent soldiers as deep as 30 miles inside Ukraine territory.”

Thirty miles inside Ukraine territory and not a single satellite photo, not a camera anywhere around, not even a one-minute video to show for it. “Ms. Psaki apparently [sic] was referring to videos of captured Russian soldiers, distributed by the Ukrainian government.” The Times apparently forgot to inform its readers where they could see these videos.

“The Russian aim, one Western official said, may possibly be to seize an outlet to the sea in the event that Russia tries to establish a separatist enclave in eastern Ukraine.”

This of course hasn’t taken place. So what happened to all these Russian soldiers 30 miles inside Ukraine? What happened to all the armored vehicles, weapons, and equipment?

“The United States has photographs that show the Russian artillery moved into Ukraine, American officials say. One photo dated last Thursday, shown to a New York Times reporter, shows Russian military units moving self-propelled artillery into Ukraine. Another photo, dated Saturday, shows the artillery in firing positions in Ukraine.”

Where are these photographs? And how will we know that these are Russian soldiers? And how will we know that the photos were taken in Ukraine? But most importantly, where are the fucking photographs?

Why am I so cynical? Because the Ukrainian and US governments have been feeding us these scare stories for eight months now, without clear visual or other evidence, often without even common sense. Here are a few of the many other examples, before and after the one above:

  • The Wall Street Journal (March 28) reported: “Russian troops massing near Ukraine are actively concealing their positions and establishing supply lines that could be used in a prolonged deployment, ratcheting up concerns that Moscow is preparing for another [sic] major incursion and not conducting exercises as it claims, US officials said.”
  • “The Ukrainian government charged that the Russian military was not only approaching but had actually crossed the border into rebel-held regions.” (Washington Post, November 7)
  • “U.S. Air Force Gen. Philip M. Breedlove told reporters in Bulgaria that NATO had observed Russian tanks, Russian artillery, Russian air defense systems and Russian combat troops enter Ukraine across a completely wide-open border with Russia in the previous two days.” (Washington Post, November 13)
  • “Ukraine accuses Russia of sending more soldiers and weapons to help rebels prepare for a new offensive. The Kremlin has repeatedly denied aiding the separatists.” (Reuters, November 16)

Since the February US-backed coup in Ukraine, the State Department has made one accusation after another about Russian military actions in Eastern Ukraine without presenting any kind of satellite imagery or other visual or documentary evidence; or they present something that’s very unclear and wholly inconclusive, such as unmarked vehicles, or unsourced reports, or citing “social media”; what we’re left with is often no more than just an accusation. The Ukrainian government has matched them.

On top of all this we should keep in mind that if Moscow decided to invade Ukraine they’d certainly provide air cover for their ground forces. There has been no mention of air cover.

This is all reminiscent of the numerous stories in the past three years of “Syrian planes bombing defenseless citizens”. Have you ever seen a photo or video of a Syrian government plane dropping bombs? Or of the bombs exploding? When the source of the story is mentioned, it’s almost invariably the rebels who are fighting against the Syrian government. Then there’s the “chemical weapon” attacks by the same evil Assad government. When a photo or video has accompanied the story I’ve never once seen grieving loved ones or media present; not one person can be seen wearing a gas mask. Is it only children killed or suffering? No rebels?

And then there’s the July 17 shootdown of Malaysia Flight MH17, over eastern Ukraine, taking 298 lives, which Washington would love to pin on Russia or the pro-Russian rebels. The US government – and therefore the US media, the EU, and NATO – want us all to believe it was the rebels and/or Russia behind it. The world is still waiting for any evidence. Or even a motivation. Anything at all. President Obama is not waiting. In a talk on November 15 in Australia, he spoke of “opposing Russia’s aggression against Ukraine – which is a threat to the world, as we saw in the appalling shoot-down of MH17”. Based on my reading, I’d guess that it was the Ukranian government behind the shootdown, mistaking it for Putin’s plane that reportedly was in the area.

Can it be said with certainty that all the above accusations were lies? No, but the burden of proof is on the accusers, and the world is still waiting. The accusers would like to create the impression that there are two sides to each question without actually having to supply one of them.

The United States punishing Cuba

For years American political leaders and media were fond of labeling Cuba an “international pariah”. We haven’t heard that for a very long time. Perhaps one reason is the annual vote in the United Nations General Assembly on the resolution which reads: “Necessity of ending the economic, commercial and financial embargo imposed by the United States of America against Cuba”. This is how the vote has gone (not including abstentions):

Year Votes (Yes-No) No Votes
1992 59-2 US, Israel
1993 88-4 US, Israel, Albania, Paraguay
1994 101-2 US, Israel
1995 117-3 US, Israel, Uzbekistan
1996 138-3 US, Israel, Uzbekistan
1997 143-3 US, Israel, Uzbekistan
1998 157-2 US, Israel
1999 155-2 US, Israel
2000 167-3 US, Israel, Marshall Islands
2001 167-3 US, Israel, Marshall Islands
2002 173-3 US, Israel, Marshall Islands
2003 179-3 US, Israel, Marshall Islands
2004 179-4 US, Israel, Marshall Islands, Palau
2005 182-4 US, Israel, Marshall Islands, Palau
2006 183-4 US, Israel, Marshall Islands, Palau
2007 184-4 US, Israel, Marshall Islands, Palau
2008 185-3 US, Israel, Palau
2009 187-3 US, Israel, Palau
2010 187-2 US, Israel
2011 186-2 US, Israel
2012 188-3 US, Israel, Palau
2013 188-2 US, Israel
2014 188-2 US, Israel

 
This year Washington’s policy may be subject to even more criticism than usual due to the widespread recognition of Cuba’s response to the Ebola outbreak in Africa.

Each fall the UN vote is a welcome reminder that the world has not completely lost its senses and that the American empire does not completely control the opinion of other governments.

Speaking before the General Assembly before last year’s vote, Cuban Foreign Minister Bruno Rodriguez declared: “The economic damages accumulated after half a century as a result of the implementation of the blockade amount to $1.126 trillion.” He added that the blockade “has been further tightened under President Obama’s administration”, some 30 US and foreign entities being hit with $2.446 billion in fines due to their interaction with Cuba.

However, the American envoy, Ronald Godard, in an appeal to other countries to oppose the resolution, said:

The international community … cannot in good conscience ignore the ease and frequency with which the Cuban regime silences critics, disrupts peaceful assembly, impedes independent journalism and, despite positive reforms, continues to prevent some Cubans from leaving or returning to the island. The Cuban government continues its tactics of politically motivated detentions, harassment and police violence against Cuban citizens.

So there you have it. That is why Cuba must be punished. One can only guess what Mr. Godard would respond if told that more than 7,000 people were arrested in the United States during the Occupy Movement’s first 8 months of protest in 2011-12 ; that many of them were physically abused by the police; and that their encampments were violently destroyed.

Does Mr. Godard have access to any news media? Hardly a day passes in America without a police officer shooting to death an unarmed person.

As to “independent journalism” – What would happen if Cuba announced that from now on anyone in the country could own any kind of media? How long would it be before CIA money – secret and unlimited CIA money financing all kinds of fronts in Cuba – would own or control most of the media worth owning or controlling?

The real reason for Washington’s eternal hostility toward Cuba has not changed since the revolution in 1959 – The fear of a good example of an alternative to the capitalist model; a fear that has been validated repeatedly over the years as many Third World countries have expressed their adulation of Cuba.

How the embargo began: On April 6, 1960, Lester D. Mallory, US Deputy Assistant Secretary of State for Inter-American Affairs, wrote in an internal memorandum: “The majority of Cubans support Castro … The only foreseeable means of alienating internal support is through disenchantment and disaffection based on economic dissatisfaction and hardship. … every possible means should be undertaken promptly to weaken the economic life of Cuba.” Mallory proposed “a line of action which … makes the greatest inroads in denying money and supplies to Cuba, to decrease monetary and real wages, to bring about hunger, desperation and overthrow of government.”

Later that year, the Eisenhower administration instituted its suffocating embargo against its everlasting enemy.

The United States judging and punishing the rest of the world

In addition to Cuba, Washington currently is imposing economic and other sanctions against Burma, Democratic Republic of the Congo, Iran, China, North Korea, South Korea, United Arab Emirates, Pakistan, Sri Lanka, Switzerland, Turkey, Germany, Malaysia, South Africa, Mexico, South Sudan, Sudan, Russia, Syria, Venezuela, India, and Zimbabwe. These are sanctions mainly against governments, but also against some private enterprises; there are also many other sanctions against individuals not included here.

Imbued with a sense of America’s moral superiority and “exceptionalism”, each year the State Department judges the world, issuing reports evaluating the behavior of all other nations, often accompanied by sanctions of one kind or another. There are different reports rating how each lesser nation has performed in the previous year in areas such as religious freedom, human rights, the war on drugs, trafficking in persons, and sponsors of terrorism. The criteria used in these reports are often political. Cuba, for example, is always listed as a sponsor of terrorism whereas anti-Castro exile groups in Florida, which have committed literally hundreds of terrorist acts over the years, are not listed as terrorist groups or supporters of such.

Cuba, which has been on the sponsor-of-terrorism list longer (since 1982) than any other country, is one of the most glaring anomalies. The most recent State Department report on this matter, in 2012, states that there is “no indication that the Cuban government provided weapons or paramilitary training to terrorist groups.” There are, however, some retirees of Spain’s Basque terrorist group ETA (which appears on the verge of disbanding) in Cuba, but the report notes that the Cuban government evidently is trying to distance itself from them by denying them services such as travel documents. Some members of the Revolutionary Armed Forces of Colombia (FARC) have been allowed into Cuba, but that was because Cuba was hosting peace talks between the FARC and the Colombian government, which the report notes.

The US sanctions mechanism is so effective and formidable that it strikes fear (of huge fines) into the hearts of banks and other private-sector organizations that might otherwise consider dealing with a listed state.

Some selected thoughts on American elections and democracy

In politics, as on the sickbed, people toss from one side to the other, thinking they will be more comfortable.
– Johann Wolfgang von Goethe (1749-1832)

  • 2012 presidential election:
    223,389,800 eligible to vote
    128,449,140 actually voted
    Obama got 65,443,674 votes
    Obama was thus supported by 29.3% of eligible voters
  • There are 100 million adults in the United States who do not vote. This is a very large base from which an independent party can draw millions of new votes.
  • If God had wanted more of us to vote in elections, he would give us better candidates.
  • “The people can have anything they want. The trouble is, they do not want anything. At least they vote that way on election day.” – Eugene Debs, American socialist leader (1855-1926)
  • “If persons over 60 are the only American age group voting at rates that begin to approximate European voting, it’s because they’re the only Americans who live in a welfare state – Medicare, Social Security, and earlier, GI loans, FHA loans.” – John Powers
  • “The American political system is essentially a contract between the Republican and Democratic parties, enforced by federal and state two-party laws, all designed to guarantee the survival of both no matter how many people despise or ignore them.” – Richard Reeves (1936- )
  • The American electoral system, once the object of much national and international pride, has slid inexorably from “one person, one vote”, to “one dollar, one vote”.
  • Noam Chomsky: “It is important to bear in mind that political campaigns are designed by the same people who sell toothpaste and cars. Their professional concern in their regular vocation is not to provide information. Their goal, rather, is deceit.”
  • If the Electoral College is such a good system, why don’t we have it for local and state elections?
  • “All the props of a democracy remain intact – elections, legislatures, media – but they predominantly function at the service of the oligarchy.” – Richard Wolff
  • The RepDem Party holds elections as if they were auctions; indeed, an outright auction for the presidency would be more efficient. To make the auction more interesting we need a second party, which must at a minimum be granted two privileges: getting on the ballot in all 50 states and taking part in television debates.
  • The US does in fact have two parties: the Ins and the Outs … the evil of two lessers.
  • Alexander Cockburn: “There was a time once when ‘lesser of two evils’ actually meant something momentous, like the choice between starving to death on a lifeboat, or eating the first mate.”
  • Cornel West has suggested that it’s become difficult to even imagine what a free and democratic society, without great concentrations of corporate power, would look like, or how it would operate.
  • The United States now resembles a police state punctuated by elections.
  • How many voters does it take to change a light bulb? None. Because voters can’t change anything.
  • H.L. Mencken (1880-1956): “As democracy is perfected, the office represents, more and more closely, the inner soul of the people. We move toward a lofty ideal. On some great and glorious day the plain folks of the land will reach their heart’s desire at last, and the White House will be adorned by a downright moron.”
  • “All elections are distractions. Nothing conceals tyranny better than elections.” – Joel Hirschhorn
  • In 1941, one of the country’s more acerbic editors, a priest named Edward Dowling, commented: “The two greatest obstacles to democracy in the United States are, first, the widespread delusion among the poor that we have a democracy, and second, the chronic terror among the rich, lest we get it.”
  • “Elections are a necessary, but certainly not a sufficient, condition for democracy. Political participation is not just a casting of votes. It is a way of life.” – UN Human Development Report, 1993
  • “If you don’t vote, you can’t complain!” I reply, “You have it backwards. If you DO vote, you can’t complain. You asked for it, and they’re going to give it to you, good and hard.”
  • “How to get people to vote against their interests and to really think against their interests is very clever. It’s the cleverest ruling class that I have ever come across in history. It’s been 200 years at it. It’s superb.” – Gore Vidal
  • We can’t use our democracy/our vote to change the way the economy functions. This is very anti-democratic.
  • What does a majority vote mean other than that the sales campaign was successful?
  • Roman Emperor Marcus Aurelius: “The opinion of 10,000 men is of no value if none of them know anything about the subject.”
  • We do have representative government. The question is: Who does our government represent?
  • “On the day after the 2002 election I watched a crawl on the bottom of the CNN news screen. It said, ‘Proprietary software may make inspection of electronic voting systems impossible.’ It was the final and absolute coronation of corporate rights over democracy; of money over truth.” – Mike Ruppert, RIP
  • “It’s not that voting is useless or stupid; rather, it’s the exaggeration of the power of voting that has drained the meaning from American politics.” – Michael Ventura
  • After going through the recent national, state and local elections, I am now convinced that taxation without representation would have been a much better system.
  • “Ever since the Constitution was illegally foisted on the American people we have lived in a blatant plutocracy. The Constitution was drafted in secret by a self-appointed elite committee, and it was designed to bring three kinds of power under control: Royalty, the Church, and the People. All were to be subjugated to the interests of a wealthy elite. That’s what republics were all about. And that’s how they have functioned ever since.” – Richard K. Moore
  • “As demonstrated in Russia and numerous other countries, when faced with a choice between democracy without capitalism or capitalism without democracy, Western elites unhesitatingly embrace the latter.” – Michael Parenti
  • “The fact that a supposedly sophisticated electorate had been stampeded by the cynical propaganda of the day threw serious doubt on the validity of the assumptions underlying parliamentary democracy as a whole.” – British Superspy for the Soviets Kim Philby (1912-1988), explaining his reasons for becoming a Communist instead of turning to the Labour Party
  • US Supreme Court Justice Louis Brandeis (1856-1941): “We may have democracy in this country, or we may have wealth concentrated in the hands of a few, but we cannot have both.”
  • “We don’t need to run America like a business or like the military. We need to run America like a democracy.” – Jill Stein, Green Party presidential candidate 2012

Notes

  1. Democracy Now!, October 30, 2013
  2. Huffingfton Post, May 3, 2012
  3. Department of State, Foreign Relations of the United States, 1958-1960, Volume VI, Cuba(1991), p.885 (online here)
  4. For the complete detailed list, see U.S. Department of State, Nonproliferation Sanctions
  5. U.S. Department of State, “Country Reports on Terrorism 2012, Chapter 3: State Sponsors of Terrorism,” May 20, 2013


William Blum is the author of:

  • Killing Hope: US Military and CIA Interventions Since World War 2
  • Rogue State: A Guide to the World’s Only Superpower
  • West-Bloc Dissident: A Cold War Memoir
  • Freeing the World to Death: Essays on the American Empire


Portions of the books can be read, and signed copies purchased, at www.killinghope.org

Email to bblum6@aol.com

Website: WilliamBlum.org

William Blum is a regular columnist for Veracity Voice

G 20 And BRICS Great Schism

November 22, 2014 by · Leave a Comment 

Global trade relationships and agreements are moving in very different directions. The public relations press releases hide the undercurrents that are driving the formations of alternative economic alliances. While the G 20, markets its all inclusive umbrella policy forums, the mere formation of a BRICS counterweight forecasts deep and fundamental differences. So what is really behind the creation of a different approach to the post WWII dominate U.S. lead model? A clue can be found in an attempt to modify the operations and direction of IMF functions.

Announced in the Russian press, BRICS to propose IMF reform at G20 summit, is a pressure attempt to move the center of power away from current synergism.

“At the G20 summit in the Australian city of Brisbane on November 15-16, Russia and other BRICS countries (Brazil, India, China and South Africa) will propose alternative solutions concerning the reform of the International Monetary Fund, involving, in particular, gradual implementation of reforms, Russian G20 Sherpa Svetlana Lukash told reporters.

“The most important thing for us is the still unresolved G20 problem of the IMF reform,” Lukash said. She recalled the U.S. Congress has yet to ratify the 2010 resolution. “Not only does it thwart the process of renewing the IMF in accordance with the current reality where we see a big rise in the role of emerging economies. It also prevents the decisions to double the IMF capital from coming into force,” she said.”

The appearance of maintaining a working relationship among opposing interests may present an assuring PR message, but who really believes that the path to a new cold war is paved with mutual cooperation? Impetus for a parallel financial system is certainly based more on political objective than commerce or economic benefits.

The Washington Post describes What the new bank of BRICS is all about in this manner.

“Heads of state from Brazil, Russia, India, China, and South Africa (the so-called BRICS countries) agreed to establish a New Development Bank (NDB) at their summit meeting. They will have a president (an Indian for the first six years), a Board of Governors Chair (a Russian), a Board of Directors Chair (a Brazilian), and a headquarters (in Shanghai). What is the purpose of this BRICS bank? Why have these countries created it now? And, what implications does it have for the global development-finance landscape?

The “what” is relatively straightforward. The NDB has been given $50 billion in initial capital. As with similar initiatives in other regions (see below), the BRICS bank appears to work on an equal-share voting basis, with each of the five signatories contributing $10 billion. The capital base is to be used to finance infrastructure and “sustainable development” projects in the BRICS countries initially, but other low and middle-income countries will be able buy in and apply for funding. BRICS countries have also created a $100 billion Contingency Reserve Arrangement (CRA), meant to provide additional liquidity protection to member countries during balance of payments problems. The CRA—unlike the pool of contributed capital to the BRICS bank, which is equally shared—is being funded 41 percent by China, 18 percent from Brazil, India, and Russia, and 5 percent from South Africa.”

China’s motivation to participate in BRICS banking is most interesting and revealing. Since it is not absolutely essential for China to be a member of BRICS, Gudrun Wacker, from the German Institute for International and Security Affairs presents this finding in a report, China’s role in G20 / BRICS and Implications, may shed an insight on their reasoning.

“The future of BRICS depends on the future performance of the G7/8 and G20: If the G20 develops into a real coordination mechanism, there might be less Chinese interest in BRICS. The future prospects of BRICS were presented as less promising than those of the G20, since BRICS will not be able to solve global problems. It is not yet clear whether the main deliverable of BRICS will be directed at cooperation among its members or at third countries. While the idea of BRIC as a group was originally picked up by Russia (the invitation to the first summit, as a move toward “extension” of the strategic triangle Russia, China. India?), its members are now all active in certain fields. For China, it is also an important effort to emerge from its isolation (Copenhagen climate summit). Another factor shaping the future of BRICS might be the development of US-China relations: While all interview partners agreed that BRICS does not aim at creating a new, anti-Western world order, it can be seen as a response to the US-led world order.”

The methodology of Mr. Wacker’s research relied upon comments from interviews. Relying on sentiments that BRICS goal is not bent on developing a counterbalance to Western banking hegemony is poppycock. Geopolitical dimensions in international affairs have Russia as the latest bogyman. Any economic analysis that ignores power brokers desperate attempt to shift the causes of a failing world economy onto the backs of enemy nations is flawed.

Also, the notion that major economic transnational corporatists operate with altruism for third world countries is sheer lunacy. All these trade organizations are attempts to position vying interests to settle for a subservient role to a subordinate structure under a global debt creation banking system.

Attempts to scare the populist into believing that Global Warming inaction raises specter of war over climate change are absurd. “At the G20 summit, other nations overrode host Australia’s attempts to keep climate change off the agenda and agreed to call for strong action with the aim of adopting a binding protocol at the Paris conference.” Such initiatives are pure political “PC” orthodoxy and actually diminish prosperity.

The great schism in trade among nations is that some countries are not willing to lie down with diseased parasites. This should not be construed to favor the emergence of the BRICS union as a shining future. However, what it does purport is that the road to the NWO modeling for globalism by entrenched financial elites has produced opposition.

Conflict is the normal human condition, and especially when money is used as a medium of world control and domination is the goal. The G 20 is useless. Breaking the banking monopoly that fosters endless terror and war is the universal objective for the inhabitants of this planet. Another unsavory photo op for world leaders just produces more nausea.


Sartre is the publisher, editor, and writer for Breaking All The Rules. He can be reached at: BATR

Sartre is a regular columnist for Veracity Voice

Globalism Free Trade Immigration Connection

November 21, 2014 by · Leave a Comment 

How is your life going under the Global Empire? If you answer honestly, for non billionaires, the response must reflect disappointment if not immense distress. Middle America stands on the precipice of oblivion. While the recent past decades have shown steep declines in financial security and net wealth, the future looks much more ominous. The link between the shift to an internationalist de-industrialization economy and open border immigration has hit the United States hard. This harsh reality is routinely denied in the financial press, but the social chaos that engulfs society is largely caused by this betrayal mindset. Corporatists are waging war against the American public.

Summing up the battle lines is the quintessential voice of an America First philosophy. Pat Buchanan on Free Trade is a collection of quotations and references that should be a must read for every displaced citizen. And that group includes virtually everyone.

“Good for global business” isn’t necessarily good for US

“Global capitalists have become acolytes of global governance. They wish to see national sovereignty diminished and sanctions abolished. Where yesterday American businesses suffered damage to their good name for selling scrap iron to Japan before Pearl Harbor, today [war materiel is routinely exported] to potentially hostile nations. Once it was true that what was good the Fortune 500 was good for America. That is no longer true, and what is good for America must take precedence.”

Source: “A Republic, Not an Empire,” p.349 , Oct 9, 1999

The most puzzling malady that penetrates the “PC” culture is a fear of confronting the direct consequences of encouraging an invasion of illegal’s into the country. The disconnect that sweeps across national borders is not isolated just to the United States. Western Europe is not only in decay but is on the verge of social and economic collapse.

Demetrios Papademetriou, PhD, Director of the Migration Policy Institute, wrote in his Sep. 2005 Migration Policy Institute essay “The Global Struggle with Illegal Migration: No End in Sight”: How Are Illegal Immigration and Globalization Related?

“For nearly two decades now, capital and the market for goods, services, and workers of many types have weaved an ever more intricate web of global economic and social interdependence… No aspect of this interdependence seems to be more visible to the public of advanced industrial societies than the movement of people. And no part of that movement is proving pricklier to manage effectively, or more difficult for publics to come to terms with, than irregular (also known as unauthorized, undocumented, or illegal) migration…”

Dr. Papademetriou’s assumption that interdependency is the new normal may be supported with the procession of the Trilateral Commission’s “New International Economic Order”. Nonetheless, the destruction of national sovereignty is a price that no country can afford to adopt, much less pay and remain a nation. Interdependency is the death knell of traditional values, autonomous commerce and individual civil liberties. With the ringing of the bell at the NY Stock exchange, the sound of prosperity goes deaf for the populist, while globalist elites extract the last pound of flesh from an intentionally designed consolidation of a Corporatocracy economy.

The fate of the world is at stake if the forces of globalization are left to complete their total domination of monetary and financial control. It is just as important to prevent the next bipartisan arrangement to grant effective amnesty to millions of illegal foreigners, who have shown little interest to assimilate or adopt the heritage and values of our founding principles.

Warren Mass wrote over a year ago in Permanent Amnesty, Temporary Border.

“An important part of regulating legal immigration, in addition to evaluating each prospective immigrant’s ability to become a productive, law-abiding citizen, is to determine how many immigrants the United States is capable of absorbing each year, taking into consideration the impact on our nation’s economy and culture.”

If this standard needs to apply to those who apply for citizenship, by what absurd twist of logic or sanity pertains to President Obama’s intentions of issuing executive orders that are clearly unconstitutional? How insulting it is to hard press citizens, relegated to enduring impoverishment from off shoring livable wage jobs, while awarding effective amnesty to illegals.

Columnist Glenn R. Jackson review of author Kenneth Buchdahl’s book, Dismantling The American Dream: Globalization, Free Trade, immigration, Unemployment, Poverty, Debt, Foreign Dependency hits the mark.

“First and foremost it is good to see the recognition by Buchdahl of American culture as   critical to the building of the American Dream.  As Buchdahl writes the development of a culture is grounded in a unique American personality and intricate system of values and beliefs that is responsible for America’s enviable situation.  And it is that enviable situation that has contributed to creating the forces that are working rapidly, knowingly or not, to dismantle the American Dream.

Dismantling the American Dream chronicles the unintended impact of America’s pop culture belief in globalization as a force for good in our economy and the failure of leadership to recognize that belief gone awry.  America’s political leaders continued belief in free trade and give-away trade deals, in the face of the near deathblow of NAFTA to American manufacturing is but one of the delusions of globalization that Buchdahl lays bare.”

The interjection of cultural aspects may well be the missing link that escapes most chronicles on current events. Documenting the actual results from Free Trade Treaties, should in and of itself win the intellectual argument that economic destruction of Middle America has already happened. Add in the deliberate call for mass migration and social incentives to cross the border has created the latest flood in undocumented aliens.

When Democracy Now asks, Obama & McConnell Pledge Cooperation; Will Fast-Tracking Secretive TPP Trade Deal Top Their Agenda?, and presents Ralph Nader on TPP and the “Unstoppable” Left-Right Anti-Corporate Movement, one has hope that the Buchanan Brigades message is being heard.

With the celebrity coronation that the Democrats are showering on their new favorite daughter, the “Pocahontas Princess”, Elizabeth Warren’s Crusade Against Disastrous “Free Trade” Agreements, is welcomed.

An inquiry was made to NY Senator Charles E. Schumer on the TPA, Trade Priorities Act of 2014 (S.1900). His reply can be read on this link.

An alliance among anti-free trade factions from all ideological camps is necessary to stop the globalist juggernaut. Even if such a coalition could be grown, the likelihood that linkage to the need to stop illegal immigration and opposition to amnesty, would be frosty.

This brings up the opportunity to interject the appeal, WE MUST NOT SURRENDER TO IMMIGRATION AMNESTY, by Frosty Wooldridge. ““Why would any member of Congress who opposes executive amnesty provide President Obama the funds to carry it out? A Republican majority must force congressional Democrats to answer this question through their votes”.

Likewise, why would as covered in the New American essay, Republicans to Obama: We Will Give You Trade Promotion Authority, patriots want to grant “fast track” authority to a President, who is defiant to congressional constitutional separation of powers?

“Fast track authority eventually expired on April 16, 1994, and was not reauthorized by Congress until the passage of the Bipartisan Trade Promotion Authority Act (BPTAA) of 2002. BPTAA reinstated fast track authority renamed as “trade promotion authority” (TPA), which expired in 2007. In 2012, President Obama requested renewal of TPA/fast track authority to complete negotiations for the TPP and TTIP.”

The answer should be apparent that any support of “fast track” or for TPP is a vote bought with globalist control. If it is so obvious that such influence is at play in trade deals, why are so many confused activists not able to see through the “Open Border” fraud and act upon the best interests for American workers and families?

That taboo culture factor, covered in the Buchdahl book explains the blind spot from the Loony Left. A review of a pro immigration site, Open Borders will demonstrate a systemic disconnect from reality. Often Libertarian purists, also fall under the spell of a transcendental fantasy. To their credit, Open Borders presents the concept of CITIZENISM and provides the following its key features.

Citizenism places substantially greater weight on the rights and interests of citizens than non-citizens, though it operates within moral side-constraints.

Citizenism is about current citizens, not about the people who may become citizens as a result of immigration or deportation policy.

Citizenism, as conceived by its original proponent Sailer, is both about the individual ethics of voters and about the responsibilities of elected representatives.

Citizenism is about loyalty, not admiration, toward one’s fellow citizens.

If you understand the destructive nature of corporatist trade agreements that only benefit transnational conglomerates, while poisoning economic commerce for Middle Americans, why would you not oppose the lunacy of unrestrictive mass migration? The imperative moral directive is to protect and defend your own nation, its traditional culture and responsible citizens.

Saving the world is a concept that resides in the sick minds of the Save the Planet Kill Yourself mindset. If they are so devoted to a globalist utopia, the influx of trespassers must be leaving their own homeland in better shape. Just how well is life south of the border doing?


Sartre is the publisher, editor, and writer for Breaking All The Rules. He can be reached at: BATR

Sartre is a regular columnist for Veracity Voice

Ultimate Schadenfreude: Democrat Is Twice Bitten, Not Shy

November 21, 2014 by · Leave a Comment 

There’s stupid. There’s really stupid. There’s really, really stupid.

Then there’s Democrat stupid.

A prime example is a Friday Wall Street Journal article titled “This Democrat Is Giving Up on ObamaCare.” It’s penned by one Burke Beu, someone I describe as “ethnically Democrat,” as he says “I grew up in a Democratic family. I have been a registered Democrat since age 18.” He also tells us, “[I was] a Democratic candidate for statewide office in Colorado and a party precinct captain in that caucus state. I’ve volunteered for numerous Democratic candidates and contributed to party causes and campaigns. The 2014 election results were extremely disappointing for me….”

And, of course, Mr. Beu has soured on ObamaCare. In fact, he wants it repealed. All good so far. Except that he doesn’t have any explicitly harsh words for Obama, hasn’t given up on his party, wants a single-payer system and seems to believe Hillary Clinton is the solution in 2016. (Note: In fairness, Clinton is different from Obama — she has two X chromosomes.) But here are the money lines:

I voted for Barack Obama in 2008, then lost my job in the Great Recession. I was lucky; my brother lost his job and his house. I survived on part-time jobs while paying out-of-pocket for my health insurance.

I voted for President Obama again in 2012, then received a cancellation notice for my health insurance. This was due to ObamaCare, the so-called Affordable Care Act. However, I couldn’t afford anything else.

Does this guy wear a “Kick me” sign?

Nah.

He wears a “Kick me harder” sign.

There’s a saying, “Fool me once, shame on you. Fool me twice, shame on me.” What do you say about a guy whose life consists of being fooled?

Beu believes Medicare should be “a model for health-care reform” and says “We Democrats need to get over ourselves, start anew on a national health-care policy, and return to our progressive principles.”

Actually, sir, you need to get over your party.

First, “progressive principles” is an oxymoron; liberals don’t have principles, but provisional positions. This is because they’re governed by emotion, which changes with the wind. As G.K. Chesterton put it, “Progress is a comparative of which we have not settled the superlative.” No, I won’t explain that, Mr. Beu. You figure it out.

Beu also mentions the “stupidity of the American voter” remark by ObamaCare designer Jonathan Gruber, taking umbrage and saying “Such comments…are insults to every citizen regardless of party.” So Goober is offended by Gruber.

And Beu is one of those very “useful” people. He doesn’t get that elitist snobbery and superciliousness define the left. Just think of the revelations about socialist French president François Hollande, who is “a cold, cynical cheat and a Socialist who ‘doesn’t like the poor,’” writes National Post about insights provided by the leftist’s ex-girlfriend Valérie Trierweiler. “He presents himself as the man who doesn’t like the rich. In reality, the president doesn’t like the poor” and in private calls them “the toothless ones,” reports Trierweiler. Oh, too anecdotal? “Hell hath no fury like that of a woman scorned”? Then read the 2008 piece “Don’t listen to the liberals — Right-wingers really are nicer people, latest research shows.” It relates what some of us without “Kick me” signs figured out for ourselves long ago.

Beu also says, when pointing out that Democrats need to exhibit humility and admit error on ObamaCare, “We resent Republicans who act morally superior and pretend to have a monopoly on patriotism, but….”

It’s not pretense, Bucko. As this Pew poll from this summer shows, while 72 percent of “steadfast conservatives” and 81 percent of “business conservatives” “often feel proud to be American,” only 40 percent of “solid liberals” do. That, Mr. Beu, is by liberals’ own admission. (Pew also has a category in the poll called “Faith and Family Left.” I’ve never heard of such a thing — unless it refers to faith in government and the family of the person the liberal is cheating on his spouse with.)

Note also that when liberals and conservatives don’t feel proud to be American, it’s for very different reasons. Liberals don’t like what America was, was meant to be, and what they often imagine it to be (“We’re so Puritan!”); conservatives don’t like the cesspool the liberals are turning it into.

I know schadenfreude isn’t a feeling reflective of a charitable spirit, but the best I can say about the Beus of the world is that they need tough love. Mr. Beu reminds me of a guy who’s being held by the back of the neck, is being repeatedly and violently kicked, and complains about how something needs to be done about the foot. Tend to the foot. Regulate the foot. Repeal the foot.

Mr. Beu, that foot happens to be attached to a man, a being with intellect and free will. And he is not your friend.


Selwyn Duke is a writer, columnist and public speaker whose work has been published widely online and in print, on both the local and national levels. He has been featured on the Rush Limbaugh Show and has been a regular guest on the award-winning Michael Savage Show. His work has appeared in Pat Buchanan’s magazine The American Conservative and he writes regularly for The New American and Christian Music Perspective.

He can be reached at: SelwynDuke@optonline.net

Selwyn Duke is a regular columnist for Veracity Voice

What’s Going On With Our Police?

November 14, 2014 by · Leave a Comment 

What’s going on with our police? More and more, it seems that our men in blue have been transformed from a friendly neighborhood peace office, whose mission is to protect and serve, to a hostile military force, whose mission is to harass and intimidate.

I am going to broach a subject in this syndicated column this week that people such as me are not supposed to talk about. By people such as me, I mean Christians, “conservatives,” Republican-types, etc. “We” are NEVER supposed to criticize the police–not in any shape, manner, or form. ANY criticism of all things police (and military, for that matter) is immediately deemed to be “left-wing,” “unpatriotic,” etc. To criticize the police in any way brings immediate and vehement accusations that one is against law and order or is a “bleeding heart liberal,” etc. But, in all probability, the vast majority of “our” folks will simply ignore this column. My observation is “WE” are mostly very closed-minded and don’t tolerate ideas that are outside the box of what is heard on FOX NEWS or from today’s milquetoast preachers.

However, it is an absolute fact that today’s law enforcement agencies are more and more being militarized and are becoming more and more hostile to the American citizenry. More and more, police officers view the American people as “enemy combatants” and are developing a deeply imbedded “us versus them” mindset. More and more, police officers are behaving like soldiers, not peace officers. Examples of police abuse are becoming more and more frequent and more and more severe. If this breach of the public trust is not reined in soon, it is going to get very ugly in this country.

When I grew up, we were all taught that policemen were our friends and that we could always trust them. Hardly anyone teaches that to their children anymore–and for good reason. Too many policemen have abused and misused the trust that the American people have placed in them. I’m sorry if you don’t like to hear that–I don’t enjoy saying that–but it is the honest truth.

More and more often, routine traffic stops quickly escalate into full-fledged police abuse over the most innocent conduct. Too many police officers today have developed an “I-have-a-badge-and-a-gun-and-therefore-I-can-do-anything-I-want” attitude. More and more police officers seem to feel that the law they are sworn to enforce is whatever they determine the law to be. More and more often, bringing up constitutional rights to a police officer today or merely questioning what a police officer is doing often invites physical beating, incarceration, or even death. This is especially true if one attempts to film a police officer.

One does not have to search long to find limitless examples of what I am talking about.

In the State of New York, a police sergeant is under investigation for slapping around a law-abiding young man simply because he asked the officer why he was demanding to search his vehicle. After the young man questioned the sergeant, who is a 27-year veteran of the police force, the officer slapped the man and yelled that he could “rip your f****** head off and s*** down your neck.” The only reason an internal investigation is going on is because another passenger video-recorded the event.

See the report:

Cop Suspended After He Was Caught On Camera Brutally Slapping Driver Who Asked Why He Needed To Search His Car

In Philadelphia, Pennsylvania, a police officer threatened to “beat the s***” out of a young man for simply looking at him. That’s right. All the young man did was look at him as he walked down the street.

In Miami, Florida, a police officer went ballistic with rage after a young man, whom he had just given a traffic ticket to, said, “God bless you.” That simple remark set off a profanity-laced tirade from the officer in which he took out his handcuffs and threatened to put the young man in jail.

See the report:

Cop Goes Nuts When Told “God Bless You”

In East Dublin, Georgia, drug task force police officers gunned down an innocent grandfather in his own home on the word of a self-confessed meth addict. Police executed a no-knock invasion of the home and killed the innocent 59-year-old businessman who had armed himself to protect his family from what he could only determine were armed home invaders. The resident was killed in a hail of gunfire by police. He was completely innocent of any drug offenses. Police acted as judge, jury, and executioner of the poor man.

See the report:

Police Kill Georgia Grandfather During No-Knock Raid On Wrong Home

In Boynton Beach, Florida, two young men were pulled over by police in a traffic stop. One of the young men began to video-record the officers. Quickly, the policemen became enraged and began physically assaulting the young men. One officer pointed his pistol at the boys and threatened to immediately shoot them. At no point did the young men display a weapon or physically assault the officers. Granted, the young men acted rudely and disrespectfully. But since when in America is cockiness and rudeness a potential death sentence?

But the worst part of the story came afterward when the chief of police issued a statement defending the conduct of the officers. Chief Jeffrey Katz viewed the video tape (recorded by a passenger in the car) and said the following: “When I watch this video, I don’t see a car full of young men who are behaving in a manner consistent with FEAR OF THE POLICE.” (Emphasis added)

See the report here:

‘I’ll Put A Round In Your A** So Quick’: Florida Police Chief Defends Cop Who Threatened To Shoot Young Black Man Because He Filmed His Partner Throwing Him On The Ground

Did you get that? The police chief and his officers were angry that the young men didn’t FEAR the police enough.

So, that’s it. We are supposed to FEAR the police. Really? Then, pray tell, who are the police supposed to fear? My father didn’t teach me to fear the police. He taught me to respect the police. And he taught me that the police were my friends. He did not teach me that I had to fear for my rights and my very life every time I’m pulled over for a traffic stop. And that’s not the way that Sheriff Cliff Arnold’s deputies behaved while I was growing up.

And, again in the State of Georgia, Henry County Police forced a small group of fifth graders to the ground at gunpoint as they attempted to build a tree fort in their neighborhood. Can you imagine? Throwing 11-year-old children to the ground and putting a gun to their heads for building a tree fort? This is reality in modern America’s burgeoning Police State.

See the report here:

Cop Pulls Gun On Fifth Graders Building Tree Fort

These kinds of reports are virtually endless.

Am I suggesting that all sheriff’s deputies and police officers behave in such fashion? Of course not! I am confident that the vast majority of our men and women in blue (and brown for sheriff’s deputies) are honest, law-abiding people who are doing their best to keep the peace and who respect the rights of the citizens they are charged to serve. But I am saying that the training procedures and mindset of our police agencies nationwide IS quickly developing into a police-state mentality. And the everyday occurrences such as those listed above absolutely prove my assertion. It is also an undeniable fact that more and more police training omits teaching the Constitution and, accordingly, more and more police officers are truly ignorant of the rights and liberties of the American people under the U.S. Constitution.

Based on current statistical data, you and I are eight times more likely to be killed by a police officer than we are an actual terrorist. Since 2001, over 5,000 American citizens have been killed by policemen. How many of these deaths were truly justified we will never know as police departments and courts of law have a proven track record of hardly ever charging an officer with wrongful death.

Add to the above the fact that even many minor incidents will often result in SWAT teams being deployed. In fact, Eastern Kentucky University professor Peter Kraska documents research showing, “There has been more than a 1,400% increase in the total number of police paramilitary deployments, or callouts, between 1980 and 2000. Today, an estimated 45,000 SWAT-team deployments are conducted yearly among those departments surveyed; in the early 1980s there was an average of about 3,000.”

See Kraska’s report here:

Militarization And Policing–It’s Relevance To 21st Century

Has violent crime increased 1,400 percent during that time? Not at all. In fact, for the last several years, violent crime has been decreasing to the point that currently it is at record lows. So, how can the need for SWAT teams increase by 1,400 percent? It is the result of Washington, D.C., deliberately militarizing our police agencies.

I am convinced that the Department of Homeland Security (DHS) is intentionally turning our State and local police agencies against us. Washington, D.C., is deliberately militarizing our police agencies. Give them military equipment, weapons, training, etc., and they will start acting like soldiers, not policemen. And that is exactly what is happening.

The phrase that we hear constantly repeated today by law enforcement personnel and spokesmen is “the safety of the officer.” But wait a minute! The sworn duty of a police officer is to obey the Constitution (including the Bill of Rights), which is designed to protect the rights, liberties, and safely of the American people. The role of the police officer is to protect the safety of the public. Any man or woman who volunteers to put on a badge should be consciously willing to put his or her life on the line to protect the public. That’s what their job is all about. And no one forces them to take this risk; they take it of their own volition.

Of course the men and women of law enforcement want to go home at the end of their shift. But so do the people of their community. Policemen are not the only ones who face hostility and threats of violence. I have had my life threatened too many times to count. I have even been shot at. (I would venture to say that the vast majority of police officers in the country have never actually been shot at.) I have had my family threatened. And none of us wear Kevlar vests and helmets and can call backup with the push of a button (calling 911 is not the same as a policeman calling for back up–not even close).

If the safety of the officer is the primary duty of policemen, they should just shoot suspects on sight and eliminate the threat before it exists. And that is pretty much what they do in totalitarian countries. But this is America where the rule of law and the rights of the individual reign supreme. In a free country, people are judged to be innocent until proven guilty. Plus, the only lawful reason a police officer has to fire his weapon at someone is for the same reason that the rest of us can do so: for self-defense against an imminent threat to their (our) lives.

Again, the impetus of the militarization of police is coming directly from DHS. In addition to receiving military equipment, hardware, attack helicopters, tanks, etc., from the DOD and DHS, more and more often U.S. military Special Forces troops are being employed to train our local police personnel. To the miscreants inside the Beltway, the American people are seen as the real terrorists, not foreign enemies or the criminal gang members that are pouring across our southern border. In truth, DHS is using our local police agencies in much the same way that the Nazi government used the local police agencies inside the occupied countries of Europe. And, unfortunately, it seems that most of our Christians, “conservatives,” and Republican-types are completely oblivious to the problem.

I applaud the numerous constitutionalist sheriffs around the country who are doing their best to maintain constitutional government within their counties and who are courageously resisting the efforts of DHS to turn their deputies into Storm Troopers. I just wish we had a lot more of these stalwart defenders of liberty. The American people are not doing a very good job of electing these kinds of patriots to public office, including the sheriff’s office. But on the whole, our sheriff’s offices around the country are far less oppressive than their counterparts in city police departments. The obvious reason for this is due to the fact that, while the sheriff is a constitutionally elective office, our chiefs of police are usually appointed by some sort of city council and are not answerable directly to the public. Bureaucrats are seldom known for any kind of allegiance to constitutional government.

And, again, this column is not an indictment against any of our law-abiding, liberty-loving, policemen and sheriff’s deputies. And I suggest that any policeman who would take umbrage at this column is subconsciously incriminating him or herself. Of all people, police officers, themselves, should be the most angry when their fellow officers betray the public trust and violate fundamental rights. A bad cop reflects badly on good cops. Therefore, instead of reacting angrily against a column such as this, it should behoove honest policemen to lead the charge against this kind of unlawful conduct being committed by their brethren in blue. They should also be the ones to most doggedly resist the militarization of their agencies by DHS.

However, this column IS an indictment against the current trend within law enforcement to become increasingly federalized, militarized, and Gestapo-like. I suppose it is also an indictment against the American people (including Christians, “conservatives,” and Republican-types) who seem to be blind and apathetic to what is becoming a major problem within our country.


Chuck Baldwin is a regular columnist for Veracity Voice

You can reach him at: chuck@chuckbaldwinlive.com
Please visit Chuck’s web site at: http://www.chuckbaldwinlive.com

The American Dream, Gone

November 8, 2014 by · Leave a Comment 

15 Reasons Why Americans Think We’re Still in a Recession…

1: Wage StagnationWhy America’s Workers Need Faster Wage Growth—And What We Can Do About It, Elise Gould, EPI

Economic Policy Institute:

“The hourly compensation of a typical worker grew in tandem with productivity from 1948-1973. …. After 1973, productivity grew strongly, especially after 1995, while the typical worker’s compensation was relatively stagnant. This divergence of pay and productivity has meant that many workers were not benefitting from productivity growth—the economy could afford higher pay but it was not providing it.

Between 1979 and 2013, productivity grew 64.9 percent, while hourly compensation of production and nonsupervisory workers, who comprise over 80 percent of the private-sector workforce, grew just 8.0 percent. Productivity thus grew eight times faster than typical worker compensation…” (EPI)

(Note: Flatlining wages are the Number 1 reason that the majority of Americans still think we’re in a recession.)

2: Most people still haven’t recouped what they lost in the crash: Typical Household Wealth Has Plunged 36% Since 2003, Zero Hedge

Zero Hedge:

“According to a new study by the Russell Sage Foundation, the inflation-adjusted net worth for the typical household was $87,992 in 2003. Ten years later, it was only $56,335, or a 36% decline… Welcome to America’s Lost Decade.

Simply put, the NY Times notes, it’s not merely an issue of the rich getting richer. The typical American household has been getting poorer, too.

The reasons for these declines are complex and controversial, but one point seems clear: When only a few people are winning and more than half the population is losing, surely something is amiss. (chart)”

3: Most working people are still living hand-to-mouth76% of Americans are living paycheck-to-paycheck, CNN Money

CNN:

“Roughly three-quarters of Americans are living paycheck-to-paycheck, with little to no emergency savings, according to a survey released by Bankrate.com Monday.

Fewer than one in four Americans have enough money in their savings account to cover at least six months of expenses, enough to help cushion the blow of a job loss, medical emergency or some other unexpected event, according to the survey of 1,000 adults. Meanwhile, 50% of those surveyed have less than a three-month cushion and 27% had no savings at all…

Last week, online lender CashNetUSA said 22% of the 1,000 people it recently surveyed had less than $100 in savings to cover an emergency, while 46% had less than $800. After paying debts and taking care of housing, car and child care-related expenses, the respondents said there just isn’t enough money left over for saving more.”

4: Millennials are Drowning in Red Ink:  Biggest economic threat? Student loan debt, USA Today

USA Today:

“Total student loan debt has grown more than 150% since 2005… We have more than $1.2 trillion of student loan debt…
And while 6.7 million borrowers in repayment mode are delinquent, the sad fact is that many lenders aren’t exactly incentivized to work with borrowers. Unlike all other forms of debt, student loans can’t be discharged in bankruptcy. Moreover, lenders can garnish wages and even Social Security benefits to get repaid…

In 2005 student loans accounted for less than 13% of the total debt load for adults age 20-29. Today, student loans account for nearly 37% of that group’s outstanding debt. Student loan debt’s slice of the total debt pie for the age group nearly tripled! The average loan balance for that age group is now more than $25,500, up from $15,900 in 2005.”

5: Downward mobility is the new reality: Middle-Class Death Watch: As Poverty Spreads, 28 Percent of Americans Fall Out of Middle Class, Truthout

Truthout:

“The promise of the American dream has given many hope that they themselves could one day rise up the economic ladder. But according to a study released those already in financially-stable circumstances should fear falling down a few rungs too. The study…  found that nearly a third of Americans who were part of the middle class as teenagers in the 1970s have fallen out of it as adults…  its findings suggest the relative ease with which people in the U.S. can end up in low-income, low-opportunity lifestyles — even if they started out with a number of advantages. Though the American middle class has been repeatedly invoked as a key factor in any economic turnaround, numerous reports have suggested that the middle class enjoys less existential security than it did a generation ago, thanks to stagnating incomes and the decline of the industrial sector.”

6: People are more vulnerable than ever:  “More Than Half Of All Americans Can’t Come Up With $400 In Emergency Cash… Unless They Borrow“, Personal Liberty

“According to a Federal Reserve report on American households’ “economic well-being” in 2013,  fewer than half of all Americans said they’d be able to come up with four Benjamins on short notice to deal with an unexpected expense…
Under a section titled “Savings,” the report notes that “[s]avings are depleted for many households after the recession,” and lists the following findings:

*Among those who had savings prior to 2008, 57 percent reported using up some or all of their savings in the Great Recession and its aftermath.

*39 percent of respondents reported having a rainy day fund adequate to cover three months of expenses.

*Only 48 percent of respondents said that they would completely cover a hypothetical emergency expense costing $400 without selling something or borrowing money.

7: Working people are getting poorer: The Typical Household, Now Worth a Third, New York Times

NYT:

“The inflation-adjusted net worth for the typical household was $87,992 in 2003. Ten years later, it was only $56,335, or a 36 percent decline, according to a study financed by the Russell Sage Foundation.

Those are the figures for a household at the median point in the wealth distribution — the level at which there are an equal number of households whose worth is higher and lower. But during the same period, the net worth of wealthy households increased substantially….“The housing bubble basically hid a trend of declining financial wealth at the median that began in 2001,” said Fabian T. Pfeffer, the University of Michigan professor who is lead author of the Russell Sage Foundation study.

The reasons for these declines are complex and controversial, but one point seems clear: When only a few people are winning and more than half the population is losing, surely something is amiss.”

8: Most people can’t even afford to get their teeth fixed:  7 things the middle class can’t afford anymore, USA Today

USA Today:

“A vacation is an extra expense that many middle-earners cannot afford without sacrificing something else. A Statista survey found that this year 54% of people gave up purchasing big ticket items like TVs or electronics so they can go on a vacation. Others made sacrifices like reducing or eliminating their trips to the movies (47%), reducing or eliminating trips out to restaurants (43%), or avoiding purchasing small ticket items like new clothing (43%).

2–New vehicles…
3–To pay off debt…
4–Emergency savings…
5–Retirement savings…
6–Medical care…
7–Dental work…

According to the U.S. Department of Health and Human Services, “the U.S. spends about $64 billion each year on oral health care — just 4% is paid by Government programs.” About 108 million people in the U.S. have no dental coverage and even those who are covered may have trouble getting the care they need, the department reports.”

9: The good, high-paying jobs have vanishedRecovery Has Created Far More Low-Wage Jobs Than Better-Paid Ones, New York Times

NYT:

“The deep recession wiped out primarily high-wage and middle-wage jobs. Yet the strongest employment growth during the sluggish recovery has been in low-wage work, at places like strip malls and fast-food restaurants.

In essence, the poor economy has replaced good jobs with bad ones. That is the conclusion of anew report from the National Employment Law Project, a research and advocacy group, analyzing employment trends four years into the recovery.

“Fast food is driving the bulk of the job growth at the low end — the job gains there are absolutely phenomenal,” said Michael Evangelist, the report’s author. “If this is the reality — if these jobs are here to stay and are going to be making up a considerable part of the economy — the question is, how do we make them better?”

10: More workers are throwing in the towel:  Labor Participation Rate Drops To 36 Year Low; Record 92.6 Million Americans Not In Labor Force, Zero Hedge

Zero Hedge:

“For those curious why the US unemployment rate just slid once more to a meager 5.9%, the lowest print since the summer of 2008, the answer is the same one we have shown every month since 2010: the collapse in the labor force participation rate, which in September slid from an already three decade low 62.8% to 62.7% – the lowest in over 36 years, matching the February 1978 lows. And while according to the Household Survey, 232,000 people found jobs, what is more disturbing is that the people not in the labor force, rose to a new record high, increasing by 315,000 to 92.6 million!

Bottom line: Unemployment has gone down because more people aren’t working and have fallen off the radar.”

11: Nearly twice as many people still rely on Food Stamps than before the recession: Food-stamp use is falling from its peak, Marketwatch

Marketwatch:

“Food-stamp use is finally moving away from the peak. At 46.1 million people, total food-stamp usage is down about 4% from its high in December 2012 of 47.8 million. Only eight states in March (the latest data available) were up from the same month of 2013.

It’s still not great news, however, considering there were 26.3 million people receiving food stamps in 2007…”

12: The ocean of  red ink continues to grow: American Household Credit Card Debt Statistics: 2014, Nerd Wallet Finance

Nerd Wallet Finance:

U.S. household consumer debt profile:

*Average credit card debt: $15,607

*Average mortgage debt: $153,500

*Average student loan debt: $32,656

In total, American consumers owe:

*$11.63 trillion in debt

*An increase of 3.8% from last year

*$880.5 billion in credit card debt

*$8.07 trillion in mortgages

*$1,120.3 billion in student loans

*An increase of 11.5% from last year

13: No Recovery for working people: The collapse of household income in the US, World Socialist Web Site

WSWS:

“The US Federal Reserve’s latest Survey of Consumer Finances, released last Thursday, documents a devastating decline in economic conditions for a large majority of the population during the so-called economic recovery.

The report reveals that between 2007 and 2013, the income of a typical US household fell 12 percent. The median American household now earns $6,400 less per year than it did in 2007.


Source: Federal Reserve Survey of Consumer Finances

Much of the decline occurred during the “recovery” presided over by the Obama administration. In the three years between 2010 and 2013, the annual income of a typical household fell by an additional 5 percent.

The report also shows that wealth has become even more concentrated in the topmost economic layers. The wealth share of the top 3 percent climbed from 44.8 percent in 1989 to 54.4 percent in 2013. The share of wealth held by the bottom 90 percent fell from 33.2 percent in 1989 to 24.7 percent in 2013.”

14: Most people will work until they die:  The Greatest Retirement Crisis In American History, Forbes

Forbes:

“We are on the precipice of the greatest retirement crisis in the history of the world. In the decades to come, we will witness millions of elderly Americans, the Baby Boomers and others, slipping into poverty.

Too frail to work, too poor to retire will become the “new normal” for many elderly Americans.

That dire prediction… is already coming true. Our national demographics, coupled with indisputable glaringly insufficient retirement savings and human physiology, suggest that a catastrophic outcome for at least a significant percentage of our elderly population is inevitable. With the average 401(k) balance for 65 year olds estimated at $25,000 by independent experts …the decades many elders will spend in forced or elected “retirement” will be grim…

The signs of the coming retirement crisis are all around you. Who’s bagging your groceries: a young high school kid or an older “retiree” who had to go back to work to supplement his income or qualify for health insurance?”

15: Americans are more pessimistic about the future, Polling Report

According to a CNN/ORC Poll May 29-June 1, 2014:

“Do you agree or disagree? The American dream has become impossible for most people to achieve.”

Agree: 59%

Disagree: 40%

Unsure: 1%

According to a NBC News/Wall Street Journal Poll conducted by the polling organizations of Peter Hart (D) and Bill McInturff (R). April 23-27, 2014:

“Do you agree or disagree with the following statement? Because of the widening gap between the incomes of the wealthy and everyone else, America is no longer a country where everyone, regardless of their background, has an opportunity to get ahead and move up to a better standard of living.”Agree: 54%

Disagree: 43%

Mixed: 2%

Unsure: 1%

Also, according to a CBS News Poll. Jan. 17-21, 2014. N=1,018 adults nationwide.

“Looking to the future, do you think most children in this country will grow up to be better off or worse off than their parents?”Better off: 34%

Worse off: 63%

Same: 2%

Unsure: 1%

The majority of people in the United States, no longer believe in the American dream, or that America is the land of opportunity, or that their children will have a better standard of living than their own.  They’ve grown more pessimistic because  they haven’t seen the changes they were hoping for, and because their lives are just as hard as they were right after the crash.  In fact, according to a 2014 Public Religion Research Institute poll– 72 percent of those surveyed said they think “the economy is still in recession.”

Judging by the info in the 15 links above,  they’re probably right.


Mike Whitney is a regular columnist for Veracity Voice

Mike Whitney lives in Washington state. He can be reached at: fergiewhitney@msn.com

“There You Go Again”

November 2, 2014 by · 1 Comment 

Reince Priebus, the chairman of the Republican National Committee (RNC), was on a conference call this past Monday evening, which was sponsored by TheTeaParty.net and attended by hundreds of Tea Party activists. During the conference call, a Tea Party activist asked him about President Barack Obama’s plans for executive amnesty. Priebus replied, “It’s unconstitutional, illegal, and we don’t support it.”

Breitbart.com covered the story. “‘While I can’t speak for the legislature, I’m very confident we will stop that,’ Priebus said. ‘We will do everything we can to make sure it doesn’t happen: Defunding, going to court, injunction. You name it. It’s wrong. It’s illegal. And for so many reasons, and just the basic fabric of this country, we can’t allow it to happen and we won’t let it happen. I don’t know how to be any stronger than that. I’m telling you, everything we can do to stop it we will.’”

Breitbart goes on to quote Priebus, “‘I have said repeatedly on immigration that the first thing is border security and the second thing is upholding the law that’s in place today. What ever happened to the border fence that was promised by Congress in 2006? It never happened. What about these sanctuary cities out there that take federal money and they’re not even upholding the law that we have in place? So somehow or another what can’t get lost in any of this conversation is the importance of border security and making sure that any sort of immigration reform talk doesn’t even begin without taking that first step.’”

As Ronald Reagan said to President Jimmy Carter, “There you go again.” There the GOP goes again: making a promise they have absolutely no intention of keeping.

Priebus’ promise that, should the GOP capture the U.S. Senate, they will stop Obama’s executive amnesty is just so much hot air. I guess he thinks that we have all forgotten then Speaker of The House Newt Gingrich’s “Contract With America.”

During the congressional elections of 1994, Gingrich promised the American people that if they put Republicans in charge of the Congress, they would pass legislation to eliminate five federal departments (Education, Energy, Commerce, Interior, and Housing and Urban Development), 95 federal domestic programs, and slash federal spending across the board. The GOP promises made during the ’94 elections became known as the “Contract With America.”

GOP promises during that election cycle proved extremely successful. In the House of Representatives there was a 54-seat swing to the Republicans, which gave them a majority of seats for the first time since 1954. In the U.S. Senate there was an eight-seat swing, which allowed the GOP to capture both houses of Congress.

During the succeeding congressional session, many of the elements of the Contract were indeed passed by the Republican-led House of Representatives. It was quite another story in the GOP-led Senate. In the Senate, most of the promised bills were either killed altogether or seriously compromised through a variety of watered-down amendments. A few bills–and I mean a precious few bills–made it somewhat intact out of the Senate. At the end of the session, very little of the Contract survived. In fact, during that time, Republican senators reminded everyone that the Contract With America was only the promise of the GOP House, that the GOP Senate never joined in that promise. (Politicians are the slickest liars in the world, are they not?)

While there were several positive results of that “Republican Revolution” of 1994, including a balanced budget in 1998 and surpluses in the federal budgets from 1999-2001–all of these budgets being proposed by Democratic President Bill Clinton–Gingrich and Senate Majority Leader Trent Lott quickly began to compromise away most of the principles of the 1994 Contract. This led to Gingrich being ousted as Speaker of the House.

Of course, none of the five federal departments targeted were eliminated–neither were any of the 95 targeted federal programs. In fact, not only were these departments and programs not eliminated, funding for all of these departments and programs actually INCREASED under the GOP-led Congress. In 2000, Edward Crane, president of the Cato Institute, noted that “the combined budgets of the 95 major programs that the Contract With America promised to eliminate have increased by 13%.” And, in case Republicans want to try and blame the Democrat Bill Clinton for these budgetary backslidings, the facts just don’t support it.

Consider the fact that from 2001 through 2006, the GOP controlled the entire federal government: the White House, House of Representatives, and Senate. Plus, Republican-appointed justices comprised a majority on the U.S. Supreme Court. (That has been the case since the early 1970s). During those long six years, the GOP-dominated federal government NEVER revisited the principles of the Contract With America. In fact, the Bush years are on record as seeing the most explosive growth in federal spending and overreach in U.S. history to that time. There has been absolutely NOTHING fiscally conservative about the Twenty-First Century GOP. And that’s a fact.

Again, even though the GOP controlled the entire federal government for the first six years of this century, there was no attention given to the promises of the 1994 Contract With America. In addition, no attention was given to overturning Roe v. Wade and ending legalized abortion-on-demand, and no attention was given to overturning Bill Clinton’s egregiously unconstitutional Executive Orders. In fact, no attention was given to G.W. Bush’s campaign promises of fiscal restraint and no-nation building, non-aggressive foreign policy promises, or his vow to honor the Constitution by curbing the usurpations of Washington, D.C., of individual liberties and civil rights. What a joke that turned out to be!

Now we have a Democratic President, Barack Obama, who is one of the most unpopular presidents of our entire history, and the GOP is struggling to energize its own base. How pathetic is that? That’s why RNC Chairman Reince Priebus took to the air with a live conference call with Tea Party activists. The national GOP has so alienated Tea Party conservatives that it is concerned that even with a despised Democrat President, disenfranchised conservatives within the GOP could stay home in large numbers next Tuesday.

Priebus’ concern is warranted.

So, Priebus makes a Contract With America-type promise: give us the Senate and we will stop Obama’s executive amnesty. And even though it was a conference call, I assume he said it with a straight face. The problem is, it is a lie, and Priebus knows it.

Obama is going to sign his executive amnesty order soon after the elections and before the Senate convenes next year. And there are about as many Republicans in the Senate that favor amnesty as there are Democrats. Does anyone really think that John McCain, Lindsey Graham, Lamar Alexander, et al. are going to get exercised over amnesty? The Chamber of Commerce establishment Republicans are salivating over amnesty for illegals. Some of them are trying to hide an amnesty amendment in the upcoming NDAA even as we speak. Plus, just exactly what is the Senate going to do to overturn an executive amnesty order? I can already hear it. After the GOP wins the Senate, they will say, “Well, as the U.S. Senate, we can’t really do anything; we need a Republican President in 2016. Then we will do something about it.” And the beat goes on.

It’s not about stopping amnesty; it’s about political posturing for a November election. House Speaker John Boehner has promised Big Business Republicans an amnesty deal. Does anyone in their right mind believe the GOP is going to overturn an Obama amnesty order? It’s a campaign bluff. I know it; and so does Barack Obama. (I would love to be proven wrong; but the GOP track record says I am 100% right.)

The Breitbart report goes on to say, “Priebus said at the end of the town hall that he thinks it’s important for Tea Partiers and the grassroots to hold Republicans accountable.

“‘I think it’s important to build our party through addition and make sure that we don’t subtract people out of our party,’ he said. ‘It’s also important for the Tea Party to hold the Republican Party accountable. I get that. It’s not always a cheerleading opportunity. It’s both that we’re going to be with you and help you, but we have to hold you accountable once in a while. And I understand that and respect it.’”

See the report here:

Exclusive–Priebus Rallies Base: GOP Will Stop Obama’s ‘Un-American’ Amnesty If We Win Senate

No, Priebus doesn’t understand that; neither does he respect it. This is pure partisan party electioneering.

The GOP leadership has not allowed itself to be held accountable to ANYBODY. They wouldn’t let Ross Perot do it; they wouldn’t let Pat Buchanan do it; they wouldn’t let Ron Paul do it; and they aren’t letting the Tea Party Republicans do it. They think themselves above their own platform, above their conservative base, and even above the U.S. Constitution. Accordingly, they have been subtracting numbers from their own ranks for a long, long time. Where do you think the Libertarian and Constitution parties came from? Where do you think so many of the registered independent voters came from?

In any given national election the numbers of people who stay home and don’t vote always outnumber the ones who do vote. Why is that? It’s because both the Democrat and Republican parties have been ignoring so much of their grassroots base that people from both parties have been drifting away by the millions. People by the millions have given up on both major parties. Neither party in Washington, D.C., respects the people of the United States or the U.S. Constitution. Both parties grovel before Big Money. That’s why so many people have removed themselves from the two major parties.

If the Republican leadership in Washington, D.C., had been listening to its base over the past several years, Barack Obama would not be President today and the GOP would not be biting its fingernails as to whether they can take back the Senate. This should be a slam-dunk election for the GOP. And, despite the stiff-necked, Big Business, Big Brother leadership of the national Republican Party, I think the GOP will take the Senate. But if you think for one minute that a GOP-led Senate and House will do diddly squat to stop Obama’s amnesty order or to close our Southern Border, there is this bridge in the Mojave Desert you need to look at. The GOP is famous for doing NOTHING after elections are won.

Reince Priebus lamented over the failure of Congress to honor its promise to close the Southern Border back in 2006. Well, Mr. Priebus, it was the Republican Party that controlled the federal government from 2001-2006, and despite their promises to close the Southern Border, did NOTHING to actually do it. And you think a GOP-led Congress is going to do something about it now? What a joke! Most of the anti-amnesty Republicans are in the House, and they are not even a majority within their own caucus there. Try to name the anti-amnesty senators. The only ones I can recall who have been outspoken against amnesty are Jeff Sessions, Ted Cruz, and Mike Lee. Even Rand Paul has softened on the subject.

I wasn’t on the Tea Party conference call last Monday evening with Mr. Priebus when he said what he said, but I’m hoping someone on the call hollered, “There you go again.”


Chuck Baldwin is a regular columnist for Veracity Voice

You can reach him at: chuck@chuckbaldwinlive.com
Please visit Chuck’s web site at: http://www.chuckbaldwinlive.com

The Special Treatment Homosexuals Demand

November 1, 2014 by · 2 Comments 

There is one particular thing that illustrates better than anything else the unreasonableness — and some would say gall — of homosexuality activists. It’s not demanding that bakers, shirt printers and wedding planners be party to events and expression deeply contrary to their principles, as offensive as that is. What I speak of is something even more fundamental, something again brought to light by the recent Vatican synod on the family.

As many know, the synod made news with an unwisely released and widely misrepresented mid-term report containing language that the secular media interpreted as signaling Church capitulation on the matter of homosexuality (an excellent article on this by Paul Bois is found here). And when it emerged that the language was the handiwork of just one or two individuals and was roundly rejected by the bishops, melancholia — and Machiavellianism — defined the media. “What a shame it is that the Church rejected the more welcoming tone,” we heard. “We thought tolerance and deference to the times were winning out, but then the voices of prejudice quashed progress.” They thought? Insofar as these leftists think at all, they do it all wrong.

The media’s notion that the Catholic Church isn’t “welcoming” to people with same-sex attraction (PSSA) is at best due to ignorance, at worst driven by insidious manipulation. Just consider the followingc passage — which expresses a long-held Church position — from the Catechism of the Catholic Church:

2358 The number of men and women who have deep-seated homosexual tendencies is not negligible. This inclination, which is objectively disordered, constitutes for most of them a trial. They must be accepted with respect, compassion, and sensitivity. Every sign of unjust discrimination in their regard should be avoided. These persons are called to fulfill God’s will in their lives and, if they are Christians, to unite to the sacrifice of the Lord’s Cross the difficulties they may encounter from their condition.

What about that sounds “unwelcoming”? Let me add that for nigh on 20 years I’ve attended Mass every Sunday and on Holy Days in parishes all over my area and in other parts of the country, and I have never, ever heard a priest rail against homosexuality; in fact, lamentably, I can’t even remember a priest mentioning it during a sermon, let alone talking “about these issues all the time,” as one rather prominent Catholic put it last year. In other words, the notion that priests are smoking PSSA out of churches with fire-and-brimstone, acid-tongued preaching is a media assumption — and invention.

It’s also quite stupid. Does anyone think the Church turns away adulterers, fornicators, artificial-contraception users or self-gratifiers? So why would anyone think it’s at all different with PSSA? In accordance with Jesus’ saying that “the healthy are in no need of a physician,” that God rejoices more over one lost sheep found than 99 who were never lost, the Church’s business is attracting sinners. And, of course, since she teaches that we’re all sinners, she’d have to close her doors if her market were confined to angels.

The reality is that homosexuality activists and the media (redundant, I know) are guilty of projection. They’d have us believe that the Church and other traditionalists can’t stop talking about PSSA, when they’re the ones who cannot. Much like a man who rains down unprovoked blows upon another and then screams “Why are you so violent!?” when the victim merely raises his arms to block, they start a fight and then are shocked when others defend themselves; not only that, they then portray their offensive against tradition as defense and the defense of it as offensive.

But the Church exercises no double standard. Her teaching lists homosexual behavior as just one of many behaviors at variance with God’s plan for man’s sexuality. It’s homosexuality activists who have the double standard, and this brings us to what they really want. Since the Church has always welcomed PSSA, the issue is not one of accepting “homosexuals.”

The activists want the Church to accept homosexuality.

Perhaps this is stating the obvious for many, but framing this properly illustrates its absurdity. The activists want a special dispensation from Church sexual teaching — and, of course, this can be applied to all of traditionalist Christianity — for their particular behavior. But consider where this leaves us:

Is the Church supposed to say adultery is a sin, fornication is a sin, self-gratification is a sin, viewing pornography is a sin, but homosexuality is, what? A lifestyle choice, sort of like living on a houseboat?

This would be comical to anyone who didn’t fail at mastering childhood categorization problems (i.e., what things belong together?). It would be like saying that devil’s food cake didn’t belong with sugar cookies, petits fours, Napoleons and ladyfingers in the category of desserts because it’s the favorite of some corpulent, Jabba the Hut-looking slob who’ll feel better about himself if it’s classified as a vegetable.

So in essence, what homosexuality activists are asking is that the Church scrap all of its sexual teaching to accommodate their wishes. It doesn’t matter that the teaching is the product of ages of thought, scholarship, discernment and divine revelation; that it’s promulgated in numerous official documents such as Humanae Vitae; or that it’s considered infallible, as it reflects Truth. You want it gone? We’ll get right on that for ya’.

To echo Bois in the earlier referenced article, that’s not happening — end of story.

Insofar as some PSSA are sincere in their conflation of acceptance of their behavior with acceptance of themselves, the psychology is no mystery. They identify so closely with their sin that there is little, if any, separation between it and themselves on an emotional level; thus, they view any rejection of their sin as a rejection of themselves. This is why I’ve generally avoided using the term “homosexual” in this article: the word too often carries the implication that it defines the person who thus identifies himself. And this is why homosexuality activists can, in certain cases, quite sincerely equate their movement with that of black civil rights. They tend to see their sexual impulses as integral to who they are and “homosexual” as their master status in the same way many blacks believe their race defines them (not that we should be consumed with race, either).

Yet there is even more going on when the Church is labeled “unwelcoming.” Some in the media do truly conflate the sin with the sinner; others are simply so ignorant of Catholic teaching and realities on the ground that they actually believe the fire-and-brimstone stereotype. But then there are the vile propagandists. They know something, something Bois mentioned when writing, “[T]he Catholic Church has lost its prominence in the West due to cultural acceptance of homosexuality and [‘gay marriage’].” And, no, that’s not the only reason. But it is a big one.

Think about it: if you can successfully portray rejection of homosexual behavior as analogous to rejection based solely on skin color — if “homophobia”=“racism” — the Catholic Church=the KKK. Of course, I don’t believe this, but it is how people imbued with homosexuality doctrine will view it.

This explains not only the utility of misrepresenting the Church’s teaching on homosexuality, but also why this tactic is ideal not just for homosexuality activists but all anti-Christian agitators. The more you can cast the Church as a fire-and-brimstone rejecter of PSSA, the more you push it into the hate-group category in modernists’ minds (note that overseas “hate speech” laws often prohibit criticism of homosexuality). And since the Church cannot bend on definitive teaching, she can do nothing to extricate herself from this category. It’s brilliantly devious — some would say devilish.

The good news is that “a lie has speed, but Truth has endurance,” as the proverb goes. Leftists are fond of saying about the Church, and traditionalists in general, that they’re on the wrong side of history. But the Church has been around for 2000 years and has often found herself on the “wrong side of history” — until that history became history and we found out it wasn’t history at all but just current events. And the Church will be around long after the current current-event commissars, and their ideas, are dust.


Selwyn Duke is a writer, columnist and public speaker whose work has been published widely online and in print, on both the local and national levels. He has been featured on the Rush Limbaugh Show and has been a regular guest on the award-winning Michael Savage Show. His work has appeared in Pat Buchanan’s magazine The American Conservative and he writes regularly for The New American and Christian Music Perspective.

He can be reached at: SelwynDuke@optonline.net

Selwyn Duke is a regular columnist for Veracity Voice

Risky Business “Easy Money”

November 1, 2014 by · Leave a Comment 

Here we go again.

Last week, the country’s biggest mortgage lenders scored a couple of key victories that will allow them to ease lending standards, crank out more toxic assets, and inflate another housing bubble.  Here’s what’s going on.

On Monday,  the head of the Federal Housing Finance Agency (FHFA), Mel Watt, announced that Fannie and Freddie would slash the minimum down-payment requirement on mortgages from 5 percent to 3 percent while making loans more available to people with spotty credit. If this all sounds hauntingly familiar, it should. It was less than 7 years ago that shoddy lending practices blew up the financial system precipitating the deepest slump since the Great Depression. Now Watt wants to repeat that catastrophe by pumping up another credit bubble. Here’s the story from the Washington Post:

“When it comes to taking out a mortgage, two factors can stand in the way: the price of the mortgage,…and the borrower’s credit profile.”

On Monday, the head of the agency that oversees the mortgage giants Fannie Mae and Freddie Mac outlined … how he plans to make it easier for borrowers on both fronts. Mel Watt, director of the Federal Housing Finance Agency, did not give exact timing on the initiatives. But most of them are designed to encourage the industry to extend mortgages to a broader swath of borrowers.

Here’s what Watt said about his plans in a speech at the Mortgage Bankers Association annual convention in Las Vegas:

Saving enough money for a downpayment is often cited as the toughest hurdle for first-time buyers in particular. Watt said that Fannie and Freddie are working to develop “sensible and responsible” guidelines that will allow them to buy mortgages with down payments as low as 3 percent, instead of the 5 percent minimum that both institutions currently require.”

Does Watt really want to “encourage the industry to extend mortgages to a broader swath of borrowers” or is this just another scam to enrich bankers at the expense of the public?  It might be worth noting at this point that Watt’s political history casts doubt on his real objectives.   According to Open Secrets, among the Top 20 contributors to Watt’s 2009-2010 campaign were Goldman Sachs, Bank of America, Citigroup Inc., Bank of New York Mellon, American bankers Association, US Bancorp, and The National Association of Realtors. (“Top 20 Contributors, 2009-2010“, Open Secrets)

Man oh man,  this guy’s got all of Wall Street rooting for him. Why is that, I wonder? Is it because he’s faithfully executing his office and defending the public’s interests or is it because he’s a reliable stooge who brings home the bacon for fatcat bankers and their brood?

This is such a farce, isn’t it? I mean, c’mon, do you really think that the big banks make political contributions out of the kindness of their heart or because they want something in return?  And do you really think that a guy who is supported by Goldman Sachs has your “best interests” in mind?  Don’t make me laugh.

The reason that Obama picked Watt was because he knew he could be trusted to do whatever Wall Street wanted, and that’s precisely what he’s doing. Smaller down payments and looser underwriting are just the beginning; teaser rates, balloon payments, and liars loans are bound to follow. In fact, there’s a funny story about credit scores in the Washington Post that explains what’s really going on behind the scenes. See if you can figure it out:

“Most housing advocates agree that a bigger bang for the buck would come from having lenders lower the unusually high credit scores that they’re now demanding from borrowers.

After the housing market tanked, Fannie and Freddie forced the industry to buy back billions of dollars in loans. In a bid to protect themselves from further financial penalties, lenders reacted by imposing credit scores that exceed what Fannie and Freddie require. Housing experts say the push to hold lenders accountable for loose lending practices of the past steered the industry toward the highest-quality borrowers, undermining the mission of Fannie and Freddie to serve the broader population, including low- to moderate- income borrowers.

Today, the average credit score on a loan backed by Fannie and Freddie is close to 745, versus about 710 in the early 2000s, according to Moody’s Analytics. And lenders say they won’t ease up until the government clarifies rules that dictate when Fannie and Freddie can take action against them.” (Washington Post)

Can you see what’s going on? The banks have been requiring higher credit scores than Fannie or Freddie.

But why? After all, the banks are in the lending business, so the more loans they issue the more money they make, right?

Right. But the banks don’t care about the short-term dough. They’d rather withhold credit and slow the economy in order to blackmail the government into doing what they want.

And what do they want?

They want looser regulations and they want to know that Fannie and Freddie aren’t going to demand their money back (“put backs”) when they sell them crappy mortgages that won’t get repaid. You see, the banks figure that once they’ve off-loaded a loan to Fannie and Freddie, their job is done.  So, if the mortgage blows up two months later, they don’t think they should have to pay for it. They want the taxpayer to pay for it. That’s what they’ve been whining about for the last 5 years. And that’s what Watt is trying to fix for them. Here’s the story from Dave Dayen:

“Watt signaled to mortgage bankers that they can loosen their underwriting standards, and that Fannie and Freddie will purchase the loans anyway, without much recourse if they turn sour. The lending industry welcomed the announcement as a way to ease uncertainty and boost home purchases, a key indicator for the economy. But it’s actually a surrender to the incorrect idea that expanding risky lending can create economic growth.

Watt’s remarks come amid a concerted effort by the mortgage industry to roll back regulations meant to prevent the type of housing market that nearly obliterated the economy in 2008. Bankers have complained to the media that the oppressive hand of government prevents them from lending to anyone with less-than-perfect credit. Average borrower credit scores are historically high, and lenders make even eligible borrowers jump through enough hoops to garner publicity. Why, even Ben Bernanke can’t get a refinance done! (Actually, he could, and fairly easily, but the anecdote serves the industry’s argument.)

(“The Mortgage Industry Is Strangling the Housing Market and Blaming the Government“, Dave Dayen, The New Republic)

Can you see what a fraud this is?  6 years have passed since Lehman crashed and the scum-sucking bankers are still  fighting tooth-and-nail to unwind the meager provisions that have been put in place to avoid another system-shattering disaster. It’s crazy. These guys should all be in Gitmo pounding rocks and instead they’re setting the regulatory agenda. Explain that to me? And this whole thing about blackmailing the government because they don’t want to be held responsible for the bad mortgages they sold to the GSE’s is particularly irritating. Here’s more from Dave Dayen:

“After the housing market tanked, Fannie and Freddie forced the industry to buy back billions of dollars in loans. In a bid to protect themselves from further financial penalties, lenders reacted by imposing credit scores that exceed what Fannie and Freddie require. ….And lenders say they won’t ease up until the government clarifies rules that dictate when Fannie and Freddie can take action against them.”

So the industry has engaged in an insidious tactic: tightening lending well beyond required standards, and then claiming the GSEs make it impossible for them to do business. For example, Fannie and Freddie require a minimum 680 credit score to purchase most loans, but lenders are setting their targets at 740. They are rejecting eligible borrowers….so they can profit much more from a regulation-free zone down the line.

So, I ask you, dear reader; is that blackmail or is it blackmail?

And what does Watt mean when he talks about “developing sensible and responsible guidelines’ that will allow them (borrowers) to buy mortgages with down payments as low as 3 percent”?

What a joke.  Using traditional underwriting standards, (the likes of which had been used for  the entire post-war period until we handed the system over to the banks) a lender would require a 10 or 20 percent down, decent credit scores, and a job. The only reason Watt wants to wave those requirements is so the banks can fire-up the old credit engine and dump more crap-ass mortgages on Uncle Sam.  That’s the whole thing in a nutshell. It’s infuriating!

Let me fill you in on a little secret: Down payments matter! In fact, people who put more down on a home (who have “more skin in the game”) are much less likely to default.  According to David Battany, executive vice president of PennyMac, “there is a strong correlation between down payments to mortgage default. The risk of default almost doubles with every 1%.”

Economist Dean Baker says the same thing in a recent blog post:

“The delinquency rate, which closely follows the default rate, is several times higher for people who put 5 percent or less down on a house than for people who put 20 percent or more down.

Contrary to what some folks seem to believe, getting moderate income people into a home that they subsequently lose to foreclosure or a distressed sale is not an effective way for them to build wealth, even if it does help build the wealth of the banks.”

(“Low Down Payment Mortgages Have Much Higher Default Rates“, Dean Baker, CEPR)

Now take a look at this chart from Dr. Housing Bubble which helps to illustrate the dangers of low down payments in terms of increased delinquencies:

Data on mortgage delinquencies by downpayment. Source:  Felix Salmon 

“When the mortgage industry starts complaining about the 14 million people who would be denied the chance to buy a qualified mortgage if they don’t have a 5% downpayment, it’s worth remembering that qualified mortgages for people who don’t have a 5% downpayment have a delinquency rate of 16% over the course of the whole housing cycle.” (“Why a sizable down payment is important“, Dr. Housing Bubble)

So despite what Watt thinks,  higher down payments mean fewer defaults, fewer foreclosures, fewer shocks to the market, and greater financial stability.

And here’s something else that Watt should mull over:  The housing market isn’t broken and doesn’t need to be fixed.  It’s doing just fine, thank you very much. First of all, sales and prices are already above their historic trend. Check it out from economist Dean Baker:

“If we compare total sales (new and existing homes) with sales in the pre-bubble years 1993-1995, they would actually be somewhat higher today, even after adjusting for population growth. While there may be an issue of many people being unable to qualify for mortgages because of their credit history, this does not appear to be having a negative effect on the state of market. Prices are already about 20 percent above their trend levels.” (“Total Home Sales Are At or Above Trend“, Dean Baker, CEPR)

Got it? Sales and prices are ALREADY where they should be, so there’s no need to lower down payments and ease credit to start another orgy of speculation. We don’t need that.

Second, the quality of today’s mortgages ARE BETTER THAN EVER, so why mess with success? Take a look at this from Black Knight Financial Services and you’ll see what I mean:

“Today, the Data and Analytics division of Black Knight Financial Services … released its November Mortgage Monitor Report, which found that loans originated in 2013 are proving to be the best-performing mortgages on record…..

“Looking at the most current mortgage origination data, several points become clear,” said Herb Blecher, senior vice president of Black Knight Financial Services’ Data & Analytics division. “First is that heightened credit standards have resulted in this year being the best-performing vintage on record. Even adjusting for some of these changes, such as credit scores and loan-to-values, we are seeing total delinquencies for 2013 loans at extremely low levels across every product category.”

(“Black Knight Financial Services’ Mortgage Performance Data Shows 2013 Loans Best Performing on Record“, LPS)

Okay, so sales and prices are fine and mortgage quality is excellent. So why not leave the bloody system alone? As the saying goes: If it ain’t broke, don’t fix it.

But you know why they’re going to keep tinkering with the housing market. Everyone knows why. It’s because the banks can’t inflate another big-honking credit bubble unless they churn out zillions of shi**y mortgages that they offload onto Fannie and Freddie. That’s just the name of the game: Grind out the product (mortgages), pack it into sausages (securities and bonds), leverage up to your eyeballs (borrow as much as humanly possible), and dump the junk-paper on yield-chasing baboons who think they’re buying triple A “risk free” bonds.

Garbage in, garbage out.  Isn’t this how the banks make their money?

You bet it is, and in that regard things have gotten a helluva a lot scarier since last Wednesday’s announcement that the banks are NOT going to be required to hold any capital against the securities they create from bundles of mortgages.

Huh?

You read that right. According to the New York Times:  “there will be no risk retention to speak of, at least on residential mortgage loans that are securitized.”

But how can that be, after all, it wasn’t subprime mortgages that blew up the financial system (subprime mortgages only totaled $1.5 at their peak), but the nearly $10 trillion in subprime infected mortgage-backed securities (MBS) that stopped trading in the secondary market after a French Bank stopped taking redemptions in July 2007. (a full year before the crisis brought down Lehman Brothers) . That’s what brought the whole rattling financial system to a grinding halt. Clearly, if the banks had had a stake in those shabby MBS— that is, if they were required to set aside 5 or 10 percent capital as insurance in the event that some of these toxic assets went south– then the whole financial collapse could have been avoided, right?

Right. It could have been avoided. But the banks don’t want to hold any capital against their stockpile of rancid assets, in fact, they don’t want to use their own freaking money at all, which is why 90 percent of all mortgages are financed by Uncle Sugar. It’s because the banks are just as broke as they were in 2008 when the system went off the cliff. Here’s a summary from the New York Times:

“Once upon a time, those who made loans would profit only if the loan were paid back. If the borrower defaulted, the lender would suffer.

That idea must have seemed quaint in 2005, as the mortgage lending boom reached a peak on the back of mushrooming private securitizations of mortgages, which were intended to transfer the risk away from those who made the loans to investors with no real knowledge of what was going on.

Less well remembered is that there was a raft of real estate securitizations once before, in the 1920s. The securities were not as complicated, but they had the same goal — making it possible for lenders to profit without risking capital.

The Dodd-Frank Act of 2010 set out to clean that up. Now, there would be “risk retention.” Lenders would have to have “skin in the game.” Not 100 percent of the risk, as in the old days when banks made mortgage loans and retained them until they were paid back, but enough to make the banks care whether the loans were repaid.

At least that was the idea. The details were left to regulators, and it took more than four years for them to settle on the details, which they did this week.

The result is that there will be no risk retention to speak of, at least on residential mortgage loans that are securitized.

“…..Under Dodd-Frank, the general rule was to be that if a lender wanted to securitize mortgages, that lender had to keep at least 5 percent of the risk…….But when the final rule was adopted this week, that idea was dropped.”  (“Banks Again Avoid Having Any Skin in the Game”, New York Times)

No skin in the game, you say?

That means the taxpayer is accepting 100 percent of the risk. How fair is that?

Let’s review: The banks used to lend money to creditworthy borrowers and keep the loans on their books.

They don’t do that anymore, in fact, they’re not really banks at all, they’re just intermediaries who sell their loans to the USG or investors.

This arrangement has changed the incentives structure. Now the goal is quantity not quality.  “How many loans can I churn-out and dump on Uncle Sam or mutual funds etc.” That’s how bankers think now.  That’s the objective.

Regulations are bad because regulations stipulate that loans must be of a certain quality, which reduces the volume of loans and shrinks profits. (Can’t have that!) Therefore, the banks must use their money to hand-pick their own regulators  (“You’re doin’ a heckuva job, Mel”) and ferociously lobby against any rules that limit their ability to issue credit to anyone who can fog a mirror. Now you understand how modern-day banking works.

It would be hard to imagine a more corrupt system.


Mike Whitney is a regular columnist for Veracity Voice

Mike Whitney lives in Washington state. He can be reached at: fergiewhitney@msn.com

Do You Want The Facts? You Are Probably A Conspiracy Theorist

October 26, 2014 by · Leave a Comment 

Conspiracy theorists, those who look for the facts, ignoring the pressure of jeers, flawed appeals to authority, and intimidation, are the sanest among us. The steady migration of investigative journalists, who turn their backs on more lucrative employment, is only one indication of this.

In a recent article, Scientific Study Reveals Conspiracy Theorists The Most Sane Of All, the author, J. D. Hayes, cites a recent study, published July 2013, by psychologists Michael J. Wood and Karen M. Douglas of the University of Kent in the UK. It was entitled “‘What about Building 7?’ A Social Psychological Study of Online Discussion of 9/11 Conspiracy Theories.”

Their conclusion is that, contrary to those mainstream media stereotypes, “conspiracy theorists” appear to be more sane than people who accept official versions of controversial and contested events.

Attempts to demonize our perception on conspiracy theorists erects barriers to protect those whose profits are endangered by the truth.

These techniques for manufacturing opinion were outlined by Edward Bernays, whose book, “Propaganda,” asserts those who rule should use the trust accorded them in exactly this way.

Interestingly, Leo Strauss, whose political philosophy is in alignment with Bernays, asserted the same opinion.  Strauss’ work was largely adopted by those who call themselves NeoConservatives who are anything but Conservative.

The opinion shared was that those in power are justified to lie, cheat and steal to keep and increase their power. The Kochs use these techniques in business and politically.

The use of the term, “Conspiracy Theory” increased rapidly in the wake of the JFK assassination due to its pejorative use in the MSM. This worked to stifle questions already being raised.

The issue which underlies the article by William Saletan, Conspiracy Theorists Aren’t Really Skeptics attempts to validate intellectual bullying, a logical extension of the philosophies of Bernays and Strauss. You don’t get more MSM than the Washington Post.

In the original formulation of American society those in positions of authority were morally and ethically obligated to explain themselves. The facts were to be available to all. Journalists investigated and reported the truth, as they saw it. This changed.

Saletan raised the issue of human psychology but failed to mention a perplexing issue which has long troubled us. This is the presence of those without conscience. For most of the 20th Century therapists believed these individuals could change, the problem was psychological. Today we know this is a neurological issue.

Advances in neurobiology have brought objective understanding. Now, thousands of criminals have been identified as psychopaths using an fMRI. The scan identified malfunctions in areas of the amygdala, which is now known to be associated with conscience, empathy, and compassion.

According to Dr. Robert Hare, serial murderers and con-men are always psychopaths. But Hare has also noted many who are also psychopathic are not violent and well able to control their impulses to gain far more expansive goals.

These individuals are highly intelligent. At any time there are 20,000 psychopaths with I.Q.s over 180 at large in the United States.

It would be instructive to see test results from MRI scans done on Dick Cheney, Karl Rove, and their cadre.

The cost of psychopathy has been calculated at around 360 billion a year – in the US. This does not include the highly intelligent ones which, clearly cost far more, given the impact of Cheney and company on America. Could the people who so desperately wanted torture as a tool be emotionally normal?

Today, experts believe the explanation for the financial meltdown now ongoing can be explained by the concentration of psychopathic individuals in corporations, finance and government.

The characteristics of the condition include calloused unconcern for others. This accounts for the oil companies which routinely externalize their costs, leaving those harmed by the toxic waste they cause, to struggle and die.

Those without conscience, willing to lie for their own profit, have long been with us. But today they can avoid the troublesome issue of having their actions known and understood. They have learned to spin.

To ensure this continues they must continue manufacturing public opinion about their previous actions. This is why they began using the term, “Conspiracy Theory.” They work vigorously to ensure the facts remain hidden.

Refusing to accept the officially mandated opinion on any subject, be in the JFK assassination or whether or not to give your child pharmaceuticals as treatment for ADHD has been used to  categorize individuals who refuse to accept predigested conclusions as crazy, stupid or paranoid. When this happens, rest assured, some corporation’s profits could be impacted.

This is a form of control intended to intimidate and inject fear. It also marginalizes vast numbers of people, keeping them in fear so they can be controlled.

To that end they, I call them Greedvilleins, also use our love of each other, country, loyalty, and trust, to manipulate us into wars which profit them and place us in perpetual debt.

If you limit what is acceptable to hold as opinions and deny people full access to the facts you  destroy the trust basis of our society.  Emotionally normal people are not comfortable when they cannot trust those around them.

These are rational responses to existing conditions.

What is insane is trusting psychopaths. Yet these are now common in finance and government. You can be sure they will routinely act with a sublime lack of conscience, for your freedom, your assets and your very life.

To cope with these conditions many still refuse to think about it, thus avoiding extreme anxiety. Others, for instance those who look for the facts, and are demeaned as “conspiracy theorists.”

The presence of highly intelligent psychopaths among us, who generally avoid being prosecuted, is one of these explanations.

Saladan’s article passes today as investigative journalism. It pays well and explains why so many truly honest journalists left to work in the alternative media.


Melinda Pillsbury-Foster will soon begin her new weekly radio program on Surviving Meltdown. The program examines how government can be brought into alignment with the spiritual goal of decentralizing power and localizing control and links also to America Goes Home americagoeshome.org, a site dedicated to providing information and resources.

She is also the author of GREED: The NeoConning of America and A Tour of Old Yosemite. The former is a novel about the lives of the NeoCons with a strong autobiographical component. The latter is a non-fiction book about her father and grandfather.

Her blog is at: http://howtheneoconsstolefreedom.blogspot.com/ She is the founder of the Arthur C. Pillsbury Foundation. She is the mother of five children and three grandchildren.

Melinda Pillsbury-Foster is a regular columnist for Veracity Voice

“The Spirit of Party”

October 26, 2014 by · Leave a Comment 

When I started my radio talk show back in 1994–and for the next six years hosting the show–I was considered a hero by conservatives everywhere. Between my leadership position with the Moral Majority back in the 1980s and my radio talk show in the 1990s, I walked shoulder-to-shoulder with practically every notable conservative leader, including Christian leaders, one could think of. I traveled the country speaking with, and for, the most visible conservative leaders in America. I became friends with a host of U.S. congressmen and senators, not to mention several State governors. I even sat at the “king’s table” with President Ronald Reagan and Vice President George H.W. Bush. I was one of the “darlings” of conservatism. Just about anybody who was anybody was a guest on my show.

I only mention all of that so readers can understand my background–along with the “rest of the story” that brought me to where I am today.

Back in those days, I fell right in lock-step with the left-right paradigm: Republicans were good; Democrats were bad. And even if the Republican was downright bad, he wasn’t as bad as the Democrat. That doctrine was sacrosanct and unassailable. And I believed that malarkey as much as anyone.

I started smelling a rat in 1996 when the GOP anointed Bob Dole as the next “conservative” Republican who was going to lead us to the Promised Land. I knew Dole well enough: he was anything but a conservative. In fact, he joined the likes of Richard Nixon and now John Boehner who say that they have never read the Republican Party platform. Boehner has gone so far as to say that he doesn’t know anybody who has read it. He probably told the truth there. The vast majority of Republican leaders in Washington, D.C., have not read it, don’t care what it says, and give no heed to it. I knew in my heart that Bob Dole would be a horrible President, and that he would NOT give a hoot in hades about obeying the Constitution. Plus, I had developed a great respect for and friendship with Pat Buchanan, who was an ardent conservative constitutionalist. So, I was supporting Pat’s presidential candidacy.

There is so much I would love to tell you about the rest of that primary, but let me fast forward to the end of the season. Toward the end of that 1996 GOP primary season, the congressman that my radio talk show was largely responsible for helping get elected, Joe Scarborough, came to me and pleaded, saying, “Chuck, I’m the only Republican congressman to not have already endorsed Dole. I’ve held out for as long as I can. Pat can’t win the nomination. It’s over. Dole will be the candidate. We have to rally behind Dole in order to beat Bill Clinton. You have to help me.”

I caved. For the sake of “party unity” and “defeating Bill Clinton,” I totally capitulated. Remember the sacred doctrine: Republicans are always good guys, and Democrats are always bad guys. And if even if the Republican is a bad guy he is not as bad as the Democrat.

So, there I was, standing next to Senator Bob Dole and Congressman Joe Scarborough at a press conference at the General Aviation office at the Pensacola, Florida, regional airport publicly endorsing the Republican Bob Dole for President of the United States. Albeit, I was still wearing my Pat Buchanan lapel pin. My defiance wasn’t dead, only crippled.

As I walked to my car after the press conference, I felt sick. I mean, totally and thoroughly sick. I had betrayed my convictions and my conscience, and I knew it. I vowed then and there that I would never again support a candidate—any candidate, no matter what his or her party label–for any public office that I did not believe in my heart would at least be faithful to the essential principles of liberty upon which our country was built.

For the next four years I marched forward with my radio talk show extolling the principles of liberty as loudly as I knew how. Mind you, the bitter taste of my compromise stayed in my mouth. It never went away. Still hasn’t. In addition, the next four years afforded me great opportunity to awaken to a host of truths, including the truth that both major parties in Washington, D.C., were actually not all that different. I came to realize that what Pat Buchanan had said was really true: “There are not two political parties in Washington, D.C., just two wings of the same bird of prey.”

One of the highlights of that awakening came when I interviewed David Schippers, who was the lead counsel for the House Judiciary Committee in the Bill Clinton impeachment hearings. He told me that as he pleaded with Republican leaders in the Senate (Trent Lott, Ted Stevens, etc.) to look at the evidence that his legal team had gathered, one of the “good guy” Republican senators said, “David, we don’t care if you have a video tape of the President raping a woman, then standing up and shooting her dead, we are not going to vote to remove this President from office.”

Schippers, a lifelong Democrat, was absolutely stunned. You can imagine. Schippers was a tough, no-nonsense, right-is-right, law-and-order kind of guy. He was the guy who took on the Chicago mafia–and won. He was an honest Democrat who was willing to unveil the criminality of a corrupt Democrat. Now he was watching a group of Republican senators in Washington, D.C., make the mafia look like good guys.

Schippers wrote a book of the whole sordid ordeal called, “Sellout: The Inside Story of President Clinton’s Impeachment.” It was published by Regnery Publishing. If you’ve never read it, you should do so immediately. The real story will shock you. And you will discover that, no, the Republicans are NOT always good guys–or even the “lesser of two evils.”

Enter the 2000 presidential elections. By now, my eyes were much wider open than they had been four years ago. But when G.W. Bush first ran for President, he said all of the right things. He said he was pro-life, pro-Constitution, pro-liberty, pro-less government, pro-Bill of Rights, etc. So in 2000, I supported G.W.

I’m still doing my radio talk show (and by now I was writing this column); I’m still a conservative hero; I’m still basking in the “success” of being a conservative Republican “darling.”

But that’s when the fun started! It didn’t take very long to realize that G.W. Bush was as phony as a three dollar bill. He was no “conservative.” He was not pro-liberty, pro-Bill of Rights or anything of the kind. G.W. Bush was Bill Clinton on steroids! Bill Clinton tried to pass what became known as the USA Patriot Act, but couldn’t get it done. Bush passed it with ease. He signed the Military Commissions Act into law; he gave America an unconstitutional national police force known as the Department of Homeland Security. Bill Clinton never attempted and could never have accomplished such things. G.W. Bush introduced the “preemptive war” doctrine to America. He invaded nations that had absolutely NOTHING to do with 9/11. He signed a law authorizing U.S. federal agents–or even military troops–to seize American citizens on U.S. soil and incarcerate them indefinitely without a subpoena or court order of any kind, without habeas corpus, without legal counsel, or any other requirement of justice guaranteed in our Bill of Rights. In truth, everything that Barack Obama is using today to abuse the power of the presidency, he borrowed from G.W. Bush.

So, by 2002 and 2003, and with the bitter taste of Bob Dole still gagging me, I made a decision: I will no longer protect and support Republicans for the sake of “party unity” or for the sake of “he’s not as bad as the Democrat.” No! In truth, it dawned on me that many times Republicans were WORSE than Democrats. From now on I was going to be faithful to my convictions and to the truth as I understood it.

Many of these “pragmatic political scientists” view politics as nothing more than mathematical formulas, test tube experiments, and lab rats. They will support and endorse any formula, no matter how evil the immediate process might be, in order to obtain their supposed “greater good” objective. They recognize absolutely nothing moral or immoral as it relates to politics. It is just “science.” Nothing is right; nothing is wrong; it’s all about putting in the right formulas in order to obtain some lofty, utopian, long-term objective.

In theological terms, the above is called “moral relativism.” In philosophical terms, it is called, “the end justifies the means.” In military terms, it is called, “might makes right.” In business terms, it is called, “what’s good for General Motors is good for America.” And it’s all a bunch of horse manure!

Republican shills will accept practically any evil committed by Republicans under the rubric of the “lesser of two evils” mantra. Democrat apologists will do the same for their fellow Democrats. In truth, party loyalists from both the Republican and Democrat parties in Washington, D.C., are giving America the royal SHAFT.

Our first and greatest president, George Washington, tried to warn us about this danger in his masterful “Farewell Address.” Washington said that the “spirit of party” (meaning, the preoccupation with, and loyalty to, political parties) was our “worst enemy.”  He said it was “sharpened by the spirit of revenge,” and that it “perpetuated the most horrid enormities.” He said that the “spirit of party” led to “a more formal and permanent despotism.” He said the leaders of political parties would be elevated “on the ruins of public liberty.” He said it is “the interest and duty of wise people to discourage and restrain it.”

Washington went on to say that the “spirit of party” “agitates the community with ill-founded jealousies and false alarms.” He said it “opens the door to foreign influence and corruption.” He said the “force of public opinion” must always “mitigate and assuage it.” Then, Washington ended this section of the address saying, “A fire not to be quenched, it demands a uniform vigilance to prevent its bursting into a flame, lest instead of warming it should consume.”

Every warning George Washington gave us concerning the “spirit of party” has come true in modern America. Party hacks place more loyalty to doing what is good for their party than doing what is good for their country. In many respects, their preoccupation with party partisanship has become their own worst enemy, just as Washington warned. These party shills constantly demonstrate the “spirit of revenge.” In the name of fighting FUTURE despotism, party hacks constantly surrender to an IMMEDIATE and “more formal and permanent despotism.” Party members are “elevated [elected] on the ruins of public liberty.” Party shills are constantly agitating “the community with ill-founded jealousies and false alarms [especially about how bad the other party’s candidate is].” Party shills stand back and say nothing when their party opens the door to “foreign influence and corruption.” Again, to them, party is more important than country.

The fascination with “political science” demonstrated by party hacks reveals a complete lack of moral conscience. Remember, to party hacks, nothing is right or wrong, only better or worse. Their mantra is, “Our party is better; their party is worse.” And virtually every moral and constitutional malfeasance committed by the favored party member is justified under this mantra.

Thus, Bill Clinton’s repeated perjuries could take the Office of The President of The United States to the brink of disgrace and ruin and, yet, he could still be thought a hero by Democrats. And G.W. Bush’s unconstitutional wars and assaults against the Bill of Rights could take the American people to the brink of totalitarian government and, yet, he could still be thought a hero by Republicans.

Needless to say, when I started telling the truth about G.W. Bush on my radio talk show (just as I had done when Clinton was in office), the “darling” luster quickly vanished. Suddenly, where I was once a hero, now I was a villain. Where I was once a man with great conviction and honor, now I was considered extremist–or even evil. But I was standing for the exact same principles and ideals I had always stood for. But because I was no longer loyal to the “spirit of party,” I became a political outcast. George Washington was exactly right!

As most readers know, I went on to run for President of the United States after Ron Paul was defeated in the Republican primaries in 2008. There was no way in hades I was going to pull another Bob Dole poison pill out of the GOP Big Pharma pill box and vote for the Neocon John McCain. So, when hundreds of Pat Buchanan/Ron Paul conservatives asked me to help keep the voice of constitutional government alive in the 2008 presidential campaign by seeking the presidential nomination of the Constitution Party, I did just that. And as far as I know, I am the only candidate for President that Ron Paul publicly endorsed since Ronald Reagan.

And, no, I didn’t vote for the Neocon Mitt Romney in 2012. And I won’t vote for any Neocon candidate in 2014. And should the GOP nominate another Neocon for President in 2016, I won’t vote for him either.

The liberties of the American people protected in the Bill of Rights are not test tube rats to be scientifically dissected and analyzed by party hacks, who love to call themselves political scientists. Our liberties and freedoms are not subject to the pragmatic “lesser evil” agendas of party shills–be they Democrats or Republicans.

We have been trading Democrats for Republicans and vice versa for as long as any of us can remember. And where has it gotten us? I realize that compromise is necessary in many aspects of politics–but NOT when it comes to the fundamental tenets of the Bill of Rights and Declaration of Independence. Compromise of those fundamental tenets is not compromise at all; it is appeasement and the worst kind of surrender. And to support those who commit such crimes in the name of party partisanship is the worst kind of patriotism.

Here is the problem. The political scientists and hacks among us do NOT recognize in any way, shape, manner or form, the SPIRITUAL warfare that we face. They do not recognize the spirit of darkness that governs in high places. They cannot recognize nor comprehend that the Evil One can just as easily accomplish his devilish purposes through a Republican office-holder as he can through a Democrat office-holder. Even many professing Christians seem to suffer from this myopia. It seems lost to them that there could be very powerful people who are masters at manipulating “conservative Republicans” and “liberal Democrats” alike for their own wicked and evil purposes. Well, there are; and they do. To single out one party as inherently “worse” and another party as inheritably “better” is the height of naiveté.

In fact, in many ways an “in the dark” Republican is MORE DANGEROUS than an “in the dark” Democrat, because the Republican is operating under the ruse of “light.” An enemy who wears the uniform of a friend is more dangerous than an enemy who wears the uniform of an enemy. That’s why G.W. Bush got away with a whole lot more than Bill Clinton did. And that’s why Mitt Romney would have gotten away with a whole lot more than Barack Obama has. And that’s why your local Neocon Republican congressional or senatorial candidate will get away with a whole lot more than your local Democrat candidate.

I made my decision as I walked away from a press conference with Bob Dole back in 1996. Somehow, in that short walk from the press room to my car, I came to agree with George Washington; and I traded the “spirit of party” for the “Spirit of ’76.” And I’ve never looked back.


Chuck Baldwin is a regular columnist for Veracity Voice

You can reach him at: chuck@chuckbaldwinlive.com
Please visit Chuck’s web site at: http://www.chuckbaldwinlive.com

Banks Hold Treasuries And Make Loans

October 26, 2014 by · Leave a Comment 

Ever since the 2008 financial collapse, banks have reduced their lending while accumulating U.S. Treasuries. On the surface placing capital into the safest depositor may seem prudent.   On the other hand, Why Big Banks Are Suddenly Interested in Talking to You Again? According to Inc, “After years of turning away small-business borrowers, the country’s largest banks are now granting one out of five loan applications they receive. The 20 percent benchmark represents a post-recession high for big banks (assets of $10B+). Further, small banks have been approving more than half of the funding requests they receive.”

Such news would normally be welcomed. The Sovereign Man article, Here’s Why US Banks Are Now Extremely Vulnerable, presents a sober warning that the banking industry is at risk from a bond market sell-off.

“In just the last month alone American banks increased their holdings of US treasuries by $54 billion, to a record $1.99 trillion.

Facing $127 trillion in unfunded liabilities – which is nearly double 2012’s total global output – and with no inclination to reduce those numbers at all, at this point disaster for the US is entirely unavoidable.

Under the rather arbitrary Bank of International Settlements Basel capital adequacy rules government debt rated at least AA continues to carry a “zero risk” weighting. Meaning that banks do not need to set aside capital against it.

Beyond that, regulations imposed after the last crash to reduce risk require banks to hold $100 billion in liquid assets, which of course includes bonds. Thus, they are not only encouraged, but actually forced to buy government bonds.”

The fundamental change in the last six years is that the banks were rescued from normal capital requirements under a zero interest rate discount window. The inevitable result starved the small business and personal borrowing market from obtaining loans. With the loosing of funds to finance business and consumers, could the dire warning that the banks understand they need to rotate out of Treasuries, be the reason for the shift in lending?

However, the rush to come into compliance has America’s Banks Pile Up Treasuries as Deposits Overwhelm Lending. This explanation of a change in regulation ordains that U.S. Bonds are still a necessary component in their balance sheet.

“Rules approved Sept. 3 by the Fed, Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. leave banks about $100 billion short of the $2.5 trillion in easy-to-sell assets that they need to meet the liquidity standard, according to the Fed. Lenders must reach 80 percent of their liquidity coverage ratios by January and have until the start of 2017 to reach full compliance.”

Illustrating this point, “Bank of America alone may need to purchase as much as $65 billion of government debt to become fully compliant, according to report last month from Marty Mosby, a banking analyst at Memphis, Tennessee-based Vining Sparks.”

Providing additional encouragement is a WSJ report that U.S. Bank Profits Near Record Levels.

“On the heels of the financial crisis, some lawmakers, regulators and consumers complained that banks weren’t lending enough. But steady improvement in credit quality, or borrowers’ ability to repay loans, is prompting banks not only to lend more but also to ease their standards.

The higher loan levels come as banks are easing up on their underwriting standards to borrowers. A Federal Reserve survey of senior loan officers released last week found that lenders were loosening standards and loan terms for commercial and industrial loans and commercial real-estate loans.”

Reconciling the need to keep buying treasuries and originating new loans to satisfy business demand is a challenging objective. By returning to the old fashion business model, of actually making loans to customers, banks are generating significant profits.

While graphs show the downward trend in loans since TARP, the current upturn is ready to be charted. Lending money for productive enterprise has contributed to a rise in GDP. The transition to a consumer based economy is dependent on the flow of transactions. When the pace of the velocity of money increases and confidence strengthens, prosperity usually follows.

The different in this feeble recovery phase is that the debt assumed by the Treasury, monetized within Federal Reserve liabilities, requires servicing no matter the health of the general economy. Near zero or cost free interest rates is approaching an expected crisis of uninterrupted maintenance. The exact trigger that drives up rates, while elusive to forecast, is inevitable in coming.

The Money Show article, Rising Rates? Beware of Big Banks, describes the predicament accordingly.

“The reality is that traditional commercial and consumer lending is no longer the big money maker that it used to be for banks. Since the 2008 financial crisis, households and businesses have been deleveraging—paying down debt—and demand for loans has been limp.

In recent years, the big banks have fattened their profits mainly from capital-markets businesses: Mergers and acquisitions, stock and bond offerings, and other types of trading. Rising interest rates also make the cost of capital go up for businesses, which can result in less deal making, lowering financing fees for the banks.”

Hype that loan demands have returned in earnest is overstated. Coming off such a low level, any modest increase looks bigger than it really is. That revered business cycle, simply is no longer the same.

So what happens in the catch-22 scenario when banks are adjusting to different capital requirements and Treasuries drop in price with a rise in interest rates? That’s the 64 trillion dollar question.

Banking is more about mathematics than business acumen when additional debt created money is needed to pay the service of obligations that come due. The roll over can be staggering. Banksters make up the monetary rules. That $127 trillion nut is bigger than all the bank reserves put together.

For those who argue the economy can grow its way out of this liquidity squeeze must have a time frame longer than the imaginative bag of tricks left in the vaults of banks.


Sartre is the publisher, editor, and writer for Breaking All The Rules. He can be reached at: BATR

Sartre is a regular columnist for Veracity Voice

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