Appearing in part 1 is the phrase “low-information voter” (LIV) which is oft used by a popular radio talk show host. The host suggests that those who make up this population set are individuals who vote for a candidate or important issue having little or in most cases zero knowledge about either. LIVs are highly opinionated even when they have no idea what they’re talking about.
Also included in part 1 was the following quote from D. Edmund Wright. I appreciate the way he expands on the LIV concept:
But forget low-information voters for just a minute; the malignancy that is really destroying this country is low-information people with high-profile power and/or influence. You know, people who would lobby for, comment on, advocate for, or vote on laws like ObamaCare without any understanding of its real-world impact. Such felonies are then carried out by low-information bureaucratic microbes with the power to destroy lives and businesses with impunity, and a political and talking-head class with the access and sway to codify these common malfeasances. Destruction of private property and liberty – and these two concepts are not divisible – takes place in government cubicles every minute of every day across the country. And why not? (Source – emphasis in original)
His thoughts fit nicely with what I’ve come to believe about many leaders in the evangelical community. Specifically, a large number of them are uninformed people with high-profile power and/or influence. The LIVs Wright’s pointing a finger at are liberals. Likewise many of the evangelicals that came to mind for me are liberals but because liberal has a negative connotation they prefer “progressive Christian” or “social justice Christian.” Take your pick. But whichever one you go with has its roots in communism.
So to Christianize the LIV phrase I simply changed “voter” to “evangelical,” thus it became “low-information evangelical” (LIE). I defined the LIE in this way:
Reminiscent of the LIV, the high-profile LIE does not understand the impact that his unorthodox view has on the visible church. When it comes to the Bible, the LIE has opinions on a variety of challenging topics. Even when his opinion is decidedly unbiblical, he presents it as the gospel truth. The LIE’s arguments are often based, not on what God’s Word clearly teaches but instead on esoteric experiences he’s had or what he’s picked up from LIE celebrities.
More on esoteric experiences in a moment.
There’s also a group of evangelicals that fall into the category of undistinguished LIE (ordinary folk). The term I bestowed on them is u-LIE. This group is also uninformed on many things (both Christian and otherwise). They are often biblically illiterate. In part 1 I made this observation:
Sadly, some undistinguished low information evangelicals (u-LIEs) assume that popular pastors, teachers and best-selling authors would never steer them wrong. But nothing could be further from the truth!
Last but not least, I coined the phrase LIE-celebs. These individuals are prominent Christian leaders who are uninformed people with high-profile power and/or influence. Many of them are false teachers who do not speak for God.
LIE-celebs And Their Vain Hopes
God tells us how we are to handle false teachers:
Thus says the LORD of hosts: “Do not listen to the words of the prophets who prophesy to you, filling you with vain hopes. They speak visions of their own minds, not from the mouth of the LORD.” (Jeremiah 23:16).
We are to pay these folks no mind.
One example of a LIE-celeb is popular women’s Bible teacher Beth Moore. In part 1 I reported on Moore’s claim that she receives personal direct revelation from Almighty God. In other words, God tells her things. According to her, He calls her “baby” and “honey.” I’ll have more to share on this modern day prophetess in a moment.
LIE-celeb Joyce Meyer also claims that she receives extra biblical revelation or “revelation knowledge” from the Almighty. Both Moore and Meyer’s respective claims clearlydeny the sufficiency of Scripture. Equally troubling is that Joyce holds to heretical Word of Faith (WoF) theology. So naturally her students are swallowing the poisonous prosperity health and wealth gospel that does not save anyone. Following is an erroneous assertion made by her:
The Bible can’t even find any way to explain this. Not really. That is why you have got to get it by revelation. There are no words to explain what I am telling you. I have got to just trust God that he is putting it into your spirit like he put it into mine. (Source)
Why do I say this is erroneous? Because it’s not taught in the Bible. She made it up. How do I know this? I searched the scriptures. (Acts 17:10-15) Nowhere does Scripture teach that God’s people are given special “revelation knowledge.”
“The fact that contemporary evangelicals seek ‘fresh’ revelations from God,” says Larry DeBruyn, “indicates that they no longer consider Holy Scripture to be sufficient and authoritative in matters of faith (2 Timothy 3:16). This seeking is Gnostic and mystic. Harvie Conn …a former missionary in Korea, noted that the ‘central feature of mystical religion is its ‘belief in special revelation outside the Bible.’ Yet if the Bible is no longer considered sufficient, the coming of “new revelations” raises the following conundrum. I repeat it.
“If added revelations repeat what’s in the Bible, they are unnecessary. If new revelations contradict the Word of God, they are heresy. And if they supplement God’s Word, then the new revelations imply Scripture’s insufficiency, and about this Proverbs warns: ‘Add thou not unto his [God’s] words, lest he [God] reprove thee, and thou be found a liar’ (Proverbs 30:6, KJV).” (Source – emphasis added.)
Gnosticism is esoteric mysticism – a desire to “know the unknowable.” One of the obstacles the early church faced was Gnosticism. The Gnostics believed that the masses are not in possession of spiritual knowledge, and only the truly “enlightened” can experience God. The Apostles condemned Gnosticism as a heresy.
But Gnosticism is not the issue; the issue at hand is this: how can one know for certain if Meyer’s so-called revelation came from God? “Is she on par with the apostles who received revelation knowledge from God himself?” asks apologist Matt Slick. He continues:
Or how about the Old Testament prophets? Does she, like them, also receive revelation knowledge from God? If so, how would we know if it were true or not? The answer is simple: we test what she says against Scripture, and it is obvious that she is getting a lot of things from somewhere else that contradict the word of God. (Source)
More On Moore
In part I brought the reader up to speed on Beth Moore’s slide into mysticism and also gave a heads up on her unbiblical teaching and had planned to leave it at that. But then the news came that she made an appearance on Joyce Meyer’s TV show. This is the sort of news Beth fans should be made aware of, so I decided to include a bit about it here. Just before her appearance Beth tweeted:
I have the great privilege of sitting down w/@ Joyce Meyer in her studio today to talk about unity. Pray for Jesus to be so present & pleased.
The unity Meyer and Moore espouse is man centered, not Christ centered.
Scoffers And Bullies And Meanies, Oh My!
So – Beth Moore sitting down for a chat with a WoF heretic is a problem in and of itself. But the reason she gave for appearing on the show was to talk about unity. The obvious question is why would a “solid Bible teacher,” as she is called, choose to unite with a woman who preaches a false gospel? Although their tête-à-tête is troubling it’s not the only concern people have with her. As I pointed out in part 1, she’s been under fire for, among other things, engaging in Christian mysticism, likewise for her acceptance of “charismania” which is odd for someone who’s an SBC Lifeway Bible teacher. Another problem arose when she appeared on Life Today with “Protholic” and big time promoter of ecumenism James Robison and proceeded to advise the audience to tune out the “scoffers”:
We’re going to have people that are honestly going to want to debate and argue with us about awakening and downpours … But there will be scoffers and they will be the far bigger threat, the one within our own brothers and sisters, our own family of God — far, far more demoralizing. And yes, it will come from bullies, and yes, it will come from the mean-spirited. (Source)
Beth’s attempt to shut people up who question her teaching should be concerning to Christian women who read her books and participate in Bible studies she has written.
For those of you who are Joyce Meyer fans, it’s imperative that you wake up to the fact that some of this woman’s teaching is outright heresy. Anyone who continues learning from her is choosing to remain under the teaching of what Jesus referred to in Mat. 7:15 as a ravenous wolf. Listen to John’s warning:
Everyone who goes on ahead and does not abide in the teaching of Christ, does not have God. Whoever abides in the teaching has both the Father and the Son. If anyone comes to you and does not bring this teaching, do not receive him into your house or give him any greeting, for whoever greets him takes part in his wicked works. (2 John 9-11)
Sadly, a growing number of LIE-celebs, likewise u-LIEs, are taking part in the wicked works John spoke of.
We are living in perilous times, brethren. It’s now common place for professing Christians to dabble in mysticism. The result? Many believers boast of having subjective magical mystical experiences such as visions; dreams; impressions; hearing inner voices; experiencing private illumination; and angel visitations. Warning! Christians who engage in esoteric mysticism deny sola Scriptura – the sufficiency of Scripture.
God’s people must come to grips with the fact that historic orthodox Christianity holds to the belief that everything we need to know about our Triune God is contained within the pages of the Bible. (Psalm 119:105)
Stranded In Spiritual Infancy
Following is an observation by apologist and author Bill Muehlenberg from a post entitled Kindergarten Christianity:
We have millions of believers who may have been saved decades ago, but are still acting like spiritual infants. They have not grown much, they have not progressed much in their walk with Christ, and their spiritual condition is rather anaemic [sic] and shallow.
They have not become genuine disciples in other words, and they are still stranded in a spiritual infancy. They can’t even handle the deep truths of God as revealed in Scripture. Indeed, many of them hardly even read their Bibles, barely pray, or engage in in-depth fellowship.
No wonder they are still floundering around as babies. They have not moved beyond the nursery. They are all stuck in day care. They are permanent residents of Christian kindergarten. Sadly this is so very widespread today in our churches.
This brings me back to the low information evangelical. As Muehlenberg pointed out, many Christians prefer milk to solid food. (1 Cor 3:1-3) Consequently they’re biblically illiterate…which is the reason for the colossal lack of discernment among Christians. So it should come as no surprise that the worst sort of unbiblical teaching has reared its ugly head in the visible church, thanks largely to diaper-wearing milk-fed u-LIEs who rarely, if ever, go to the Bible to scrutinize someone’s teaching. (1 John 4:1) These same u-LIEs are the ones who put on a pedestal/promote/pay tribute to and finance the lavish lifestyles of LIE-celebs, some of whom are prosperity preaching/health and wealth televangelists. What will it take to get professing Christians to understand that they’re propping up heretics?
Before I close I must also mention that the liberal media seems to think that all Protestants are evangelicals – and that includes WoF heretics such as Joyce Meyer, Joel Osteen,T.D. Jakes and Oprah’s pal New Age/New Thought/Emergent guru Rob Bell. Nowadays evangelical is such a broad term that it has lost its meaning. Even Red-letter ChristiansTony Campolo and Jim Wallis, who have abandoned the biblical gospel for the “social gospel,” call themselves evangelicals.
Campolo, Wallis, Osteen, Bell, et al can say they are monarchs and wear a crown if they so desire. But as I’ve said many times, a mouse in the cookie jar is not a cookie.
Beth Moore recommends ‘Jesus Calling’ book—Apprising Ministries
Contemplative Prayer–On Solid Rock Resources
Cults and Heretical Teaching—On Solid Rock Resources
Emergent/Emerging Church—On Solid Rock Resources
New Age/New Thought Spirituality—On Solid Rock Resources
Occult—On Solid Rock Resources
Word of Faith/Televangelists—On Solid Rock Resources
OMG, I am so sick and tired of writing about American-sponsored neo-Nazis in the Ukraine, American-financed genocide in Gaza and American-backed ISIS murderers in Syria and Iraq. Geez Louise. It’s enough to make me sick!
But not sick enough to stop eating.
Even though women and children are starving in Gaza and refugees in Erbil are hunkering down in city parks and Ukrainian babies are being shot by swastika-waving skin-heads, I still gotta have three or four square meals a day.
And all the average American can say about this insane world situation is, “Where the freak is Erbil?” It’s in northern Iraq, stupid. “Oh yeah? So where is Iraq?” It’s that rat-hole where three trillion of your tax dollars have been pounded down in the last 20 years. Iraq is the reason you have no jobs, no infrastructure, no schools — and no solar heating. http://www.truth-out.org/
“But what’s a Gaza?” Huh?
“It’s that charnel house in Palestine where Netanyahu practices being a fascist.”
“Who is Netanyahu?” He’s that guy in Israel that you pay billions of dollars to every year so he can commit genocide. Oh, good grief.
I need comfort food! Now!
Forget about genocide and dead babies. Let’s talk about sushi! And mac ‘n’ cheese. What is your favorite food? I think mine is ice cream. But I’m not sure. Chocolate cake sounds good too. http://blog.umamimart.com/
I once ate a beef stroganoff MRE in the Green Zone. It was delicious. And they had deep-fried tarantulas on offer at a roadside stall in Cambodia. Yummers! http://johnpilger.com/videos/
Got caught in a massive five-day storm off of Antarctica one time and popped Dramamine like it was candy — but still managed to eat. http://www.funnyordie.com/
Was stuck in Shenyang, China, for three weeks while waiting for my visa to North Korea to come through. Thirteen million people in that city and only ten of them spoke English. So I just drew a picture of a chicken and showed it to waiters. That worked fine until one waiter brought me a live chicken. Er, no.
And about a year later, when I finally did manage to get into North Korea, it was amazing to discover that Pyongyang featured luxury hotels, casinos, golf courses and elaborate 150,000-person choreographed mass games, all geared toward European tourists — who came in droves. The food there, however, was on the level of mediocre California Chinese take-out — but I still felt guilty eating it, knowing how many North Koreans had starved to death in the past.
In Uganda, a young girl was selling homemade flour-and-grease chapatis on the street that were so good that I still dream about them. “What’s a chapati?” Oh shut up.
The hummus and matzos in Israel/Palestine were great, served under an olive tree in Hebron. Loved Bethlehem and old Jerusalem — but why do people still keep accusing me of being anti-Semitic when I’m actually only anti-fascist and anti-apartheid? I just don’t understand. As Barb Weir is always fond of saying, “How come they never accuse the brave people who fought against apartheid in South Africa of being anti-white?”
On the beach in Yelapa, Mexico, an hour’s boat-ride south of Puerto Vallarta, friendly ladies will sell you lemon meringue pie right there on the beach. But now you don’t even have to go to Yelapa to get it, you can buy lemon meringue pie right there in Puerto Vallarta. Definitely worth the flight down if you can afford it — and if you can’t, there’s always the chocolate cream pie at the Sweet Adeline bakeshop here in Berkeley. http://rt.com/op-edge/178640-
In Motswedi, in northern South Africa, their potato fries are the best. Just ask for Mma Peter if you go there. Everyone knows her. And give her a big hug from me if you do.
In Damascus, the oldest city in the world (I think), they had fabulous ice cream for sale in the souk. That’s ICE cream, not ISIS cream. If it had been ISIS cream, I wouldn’t have had to pay for it myself — Congress woulda footed the bill.
In al Anbar province, Iraq, I accompanied a U.S. Marine colonel and his staff to a “goat pull” thrown by the local sheik. You gotta love goat meat. But now that whole area is overrun by ISIS thugs, thanks to Bush, Obama and Hillary Clinton and their grand competition to see who can destabilize the Middle East best.
At a sidewalk cafe in Cairo, a waiter jokingly offered me 200 camels for my daughter Ashley’s hand in marriage. At least I think he was joking. And in the Caliphate of Saudi Arabia, biological mother to ISIS and Al Qaeda (America’s military-industrial complex is the father, but insists on keeping that fact on the down-low), I lived on KFC and Cinnabons at a high-end mall in Mecca.
In Haiti, you just gotta love their pumpkin soup. In Afghanistan, their chicken kebobs were the best — unlike in Iran, where the kebobs tended to be rather dry. Burma offered up excellent hand-made noodles. Argentina had empanadas and beef. Berkeley has the Berkeley Bowl, best produce store in the world.
I love food! I love to eat!
So why do I keep thinking about all those poor starving children in Gaza and those poor slaughtered babies in Syria and Ukraine — thanks to the Yankee dollar?
As if globalist scheming had not yet caused enough death and destruction in the Middle East, the global government-promoting Council on Foreign Relations and various outfits associated with the secretive Bilderberg group are now pushing a radical new plot for the region: a European Union-style regional regime to rule over the Arab, Turkish, Kurdish, and other peoples who live there. The sought-after “Middle Eastern Union” would put populations ranging from Turkey and Jordan to Libya and Egypt under a single authority.
If the plot moves forward, like in other areas, it would usurp from the peoples of the region their right to self-government and national sovereignty. It would also advance the longtime establishment goal of setting up regional regimes on the path to a more formal system of “global governance.” Already, the peoples of Europe, Africa, South America, Asia, and other regions have had self-styled regional “authorities” imposed on them against their will. In the Middle East, numerous similar efforts such as the Gulf Cooperation Council and the Arab League have been making progress, too.
A true “union” to rule over the broader Middle East and North Africa, though, would represent a major step forward in the ongoing regionalization of power around the world. Using a wide range of pretexts to advance the scheme, top globalist outfits and mouthpieces claim such a regional government would solve myriad real and imagined problems. However, with the plot being pushed hard by the CFR and various globalist propaganda organs such as the Financial Times, a U.K. newspaper that is always well represented at the shadowy Bilderberg summits, there is good reason to be skeptical at the very least.
“Just as a warring [European] continent found peace through unity by creating what became the EU, Arabs, Turks, Kurds and other groups in the region could find relative peace in ever closer union,” claimed Mohamed “Ed” Husain, an “adjunct senior fellow for Middle Eastern studies” at the CFR, in a piece published in the Financial Times and on the CFR website last month. “After all, most of its problems — terrorism, poverty, unemployment, sectarianism, refugee crises, water shortages — require regional answers. No country can solve its problems on its own.”
Of course, the notion that Europe “found peace through unity” — in reality it was globalists surreptitiously crushing national sovereignty and foisting an unaccountable regime on the peoples — is fashionable among establishment types. In truth, though, “peace” hardly requires giving up self-government. Plus, many of the wars in Europe over the last century were actually fomented by the very same forces that imposed the EU on the continent. Prince Bernhard of the Netherlands, for example, was a member of the National Socialist (Nazi) party before going on to create Bilderberg, which attendees openly boast has played a crucial role in imposing the Brussels-based super-state that now dominates Europe.
Plenty of actual examples also refute Husain’s claims about the supposed necessity of a regional regime to solve national problems. The Swiss, for instance, have had peace for centuries, yet they have consistently and overwhelmingly refused to surrender their sovereignty to the EU or any other outfit. Switzerland also has virtually no terrorism, poverty, unemployment, sectarianism, refugee crises, or water shortages, yet it never sought “regional answers.” In fact, contrary to Husain’s factually challenged argument, the Swiss have done better than virtually any other people in solving their problems on their own. Perhaps Husain views Middle Easterners as less capable, but more likely, he knows full well that a country could solve its problems on its own.
“Most in the Middle East no longer feel the dignity of their ancestors,” continued the CFR’s Husain without citing any data or surveys. “What Plato called thymos is desperately missing: the political desire for recognition and respect as dignified peoples. A Middle Eastern Union could recreate it.” How being ruled by an unaccountable and autocratic EU-style leviathan would give the peoples of the Middle East “dignity” or “thymos” was not immediately clear. Plato, of course, like bigwigs at the CFR and their fellow travelers, believed the masses should be lorded over by their superiors — Plato called them “philosopher kings.”
Rather than allowing Middle Easterners to create their own union, Husain makes clear that Western globalists should take the lead. “Will the west wait until Islamists and radicals are powerful enough to create their own Middle East, one opposed to us?” he asked, conveniently failing to mention the gigantic role of the Western and globalist establishment in fomenting Islamic extremism and terror. “Or will we help our partners in government harness this momentum? This is the moment to create multilateral institutions that could implant pluralism across the region.” Husain also called for the EU and the U.S. government to lend “bureaucratic experience” to “voices in the region who want greater integration.”
“A complete change of psychology is needed,” he added without elaborating on how such a transformation in people’s views and beliefs would be achieved.
Of course, Husain at the CFR is not alone. In 2011, the Islamist president of Turkey, Abdullah Gül, also called for an EU-style regime to rule the Middle East. Speaking in the United Kingdom, Gül claimed “an efficient regional economic cooperation and integration mechanism” was needed for the region. “We all saw the role played by the European Union in facilitating the democratic transition in central and Eastern Europe after the fall of the Berlin Wall,” he claimed. Islamic Turkey is also working to join the EU.
Various Middle Eastern tyrants have echoed the calls for a regional regime, too — the kings of Saudi Arabia and Jordan, for example. As Husain pointed out, the radical Muslim Brotherhood and the terrorist group Hamas are also working to unify the Middle East under one single tyrannical government of gargantuan proportions.
Already, AstroTurf groups working toward such a union are popping up across the region, too. “We dream of a Middle East that is empowered, free, and governs for all it’s [sic] peoples at the highest level of being in a new world where the Middle East Union is an important integral part of a greater global community that pledges its allegiance to the earth and every human on it,” declares the newly created “Middle East Union Congress” on its website.
By 2050, the new Congress aims to shackle some 800 million people from Pakistan in Asia to Morocco in Northwest Africa under a single regime with a single euro-style currency. The outfit also wants to create a new capital city for the union named aftercommunist revolutionary Nelson Mandela, whom it described as “the 20th century’s greatest global citizen.” From “Nelson Mandela City,” the new regime would “eco-govern” all of the nations and peoples of the union as “a model for the new global paradigm that honors and respects mother earth.”
One of the primary selling points for the “union” plot is the notion it would help rein in radicals — most of whose organizations were either created, armed, trained, financed, or all of the above by Western governments and the Soviet Union. Ironically, though, just a few years ago, Husain was touting al-Qaeda’s key role in furthering the globalist plan to oust Syrian dictator Bashar al Assad. “The influx of jihadis brings discipline, religious fervor, battle experience from Iraq, funding from Sunni sympathizers in the Gulf, and most importantly, deadly results,” gushed Husain, a Sunni Muslim, in a 2012 piece for the CFR. “In short, the [Obama/CFR/Bilderberg/Goldman Sachs-backed Free Syrian Army] needs al-Qaeda now.”
Before joining the CFR, meanwhile, Husain spent years working with Hizb ut-Tahrir, a radical Islamist group pushing for an Islamic Caliphate — a vast, totalitarian “Middle Eastern Union” of sorts — based on sharia law. The outfit also promotes the death penalty for apostates and has been accused by various governments of involvement in jihad terrorism. Husain, though, is hardly the only figure at the globalist outfit with a history of extremism. CFR Latin America boss and Castro apologist Julia Sweig has even been identified by a senior U.S. intelligence officer as a probable “agent of influence” for the terror-sponsoring communist regime enslaving Cuba.
All over the world, globalists are quietly but quickly foisting supranational regimes on hapless populations. In Africa, for instance, the African Union is now sending its troops all across the continent. In Latin America, the socialist-dominated Union of South American Nations (UNASUR) is working to “integrate” the region, alongside various other transnational outfits. Even in North America, top CFR and Bilderberg globalists are doing the same. “After America comes North America,” boasted ex-general and CFR/Bilderberg bigwig David Petraeus this year.
Of course, the Council on Foreign Relations, despite its operatives’ anti-sovereignty extremism, remains immensely influential in terms of U.S. foreign policy. “We get a lot of advice from the Council, so this will mean I won’t have as far to go to be told what we should be doing and how we should think about the future,” then-Secretary of State Hillary Clinton told CFR bosses in Washington. The CFR’s affiliates around the world hold similar influence. Bilderberg, meanwhile, brings together many of the world’s top globalists, communists, government officials, media barons, and more.
For the sake of liberty, peace, self-government, national sovereignty, and prosperity, humanity should resist the globalist regionalization agenda from Europe to the Middle East and beyond. The alternative is literally global tyranny.
Source: Alex Newman | The New American
The post-Cold War status quo in Eastern Europe, not to mention in Western Europe, is now dead.
For Western plutocracy, that 0.00001% at the top, the real Masters of the Universe, Russia is the ultimate prize; an immense treasure of natural resources, forests, pristine water, minerals, oil and gas. Enough to drive any NSA-to-CIA Orwellian/Panopticon war game to ecstasy. How to pounce and profit from such a formidable loot?
Enter Globocop NATO. Barely out of having its collective behind unceremoniously kicked by a bunch of mountain warriors with Kalashnikovs, the North Atlantic Treaty Organization is now fast
“pivoting” – that same old Mackinder to Brzezinski game – to Russia. The road map will be put in place at the group’s summit in early September in Wales.
Meanwhile, the MH17 tragedy is undergoing a fast metamorphosis. When the on-site observations by this Canadian OSCE monitor (watch the video carefully) are compounded with this analysis by a German pilot, a strong probability points to a Ukrainian Su-25′s 30 mm auto-cannon firing at the cockpit of MH17, leading to massive decompression and the crash.
No missile – not even an air-to-air R-60M, not to mention a BUK (the star of the initial, frenetic American spin). The new possible narrative fits with on-site testimony by eyewitness in this now famously “disappeared” BBC report. Bottom line: MH17 configured as a false flag, planned by the US and botched by Kiev. One can barely imagine the tectonic geopolitical repercussions were the false flag to be fully exposed.
Malaysia has handed out the flight recorders to the UK; this means NATO, and this spells out manipulation by the CIA. Air Algerie AH5017 went down after MH17. The analysis has already been released. That begs the question of why it is taking so long for MH17′s black boxes to be analyzed/tampered with.
Then there’s the sanctions game: Russia remains guilty – with no evidence – thus it must be punished. The EU abjectly followed His Master’s Voice and adopted all the hardcore sanctions against Russia they were discussing last week.
Yet there are loopholes. Moscow will have reduced access to US dollar and euro markets. Russian state-owned banks are forbidden from selling shares or bonds in the West. Yet Sberbank, Russia’s largest, has not been sanctioned.
So Russia in the short and medium term will have to finance itself. Well, Chinese banks could easily replace that kind of lending. Don’t forget the Russia-China strategic partnership. As if Moscow needed another warning that the only way to go is to increasingly bypass the US dollar system.
EU nations will suffer. Big time. BP has a 20% stake in Rosneft, and it’s already freaking out on the record. ExxonMobil, Norway’s Statoil and Shell will also be affected. Sanctions don’t touch the gas industry; now that would have propelled the EU’s counterproductive stupidity to galactic levels. Poland – hysterically blaming Moscow for everything under the sun – gets more than 80% of its gas from Russia. The no less strident Baltic states, as well as Finland, get 100%.
The ban on dual-use goods – civilian and military applications – will badly affect Germany, the top EU exporter to Russia. On defense, the UK and France will suffer; the UK has no less than 200 licenses selling weapons and missile launching gear to Russia. Yet the French 1.2 billion euro (US$1.6 billion) sale of Mistral assault ships to Russia will go ahead.
Meanwhile, in the demonization front …
This is what Associated Press spins as “analysis” and distributes to papers around the world; a collection of cliches desperately in search of a thesis. Dmitri Trenin of the Carnegie Moscow Center, faithful to who pays his bills, gets a few things right and most things wrong. David Stockman at least has a ball deconstructing the lies of the Warfare State.
But the real thing is definitely Putin’s economic adviser Sergei Glazyev. One of his key theses is that European business must be really careful to protect their interests as the US attempts to “ignite a war in Europe and a Cold War against Russia”.
This, though, is the ultimate bombshell - delivered by a cool, calm and collected Glazyev. Watch it carefully. A detailed reappraisal of what Glazyev has been saying for weeks now, mixed with some outstanding comments here leads to a inevitable conclusion: key sectors of Western plutocracy want a still ill-defined war with Russia. And journalism’s Holy Grail - never trust anything until it’s officially denied - confirms it.
NATO’s Plan A is to install missile batteries in Ukraine; that is already being discussed in detail in the run-up to NATO’s summit in Wales in early September. Needless to say, if that happens, for Moscow, that’s way beyond a red line; it implies a first strike capability at Russia’s western borderlands.
Washington’s short Plan A, meanwhile, is to organize a wedge between the federalists in Eastern Ukraine and Russia. This implies progressive, direct funding of Kiev in parallel to building up, via American advisers already on the ground, and vast weaponizing, a huge proxy army (nearly 500,000 by the end of the year, according to Glazyev’s projection). Endgame on the ground would be to seal the federalists off into a very small area. Ukrainian President Petro Poroshensko has been on the record saying this should happen by early September. If not, by the end of 2014.
In the US, and a great deal of the EU, a monstrous grotesquerie has developed, packaging Putin as the new Stalinist Osama bin Laden. So far, his strategy on Ukraine was to be patient – what I called Vlad Lao Tzu – watching the Kiev gang hang themselveswhile trying to sit down with the EU in a civilized manner working for a political solution.
Now we may be facing a game changer, because the mounting evidence, which Glazyev and Russian intel relayed to Putin, points to Ukraine as a battlefield; a concerted drive for regime change in Moscow; a concerted drive aiming for a destabilized Russia; and even the possibility of a definitive provocation.
Moscow, allied with the BRICS, is actively working to bypass the US dollar – which is the anchor of a parallel US war economy based on printing worthless pieces of green paper. Progress is slow, but tangible; not only the BRICS but BRICS aspirants, the G-77, the Non-Aligned Movement (NAM), the whole Global South is absolutely fed up with the Empire of Chaos’s non-stop bullying and want another paradigm in international relations. The US counts on NATO – which it manipulates at will – and mad dog Israel; and perhaps the GCC, the Sunni petro-monarchies partners in the Gaza carnage, which can be bought/silenced with a slap on the wrist.
The temptation for Putin to invade Eastern Ukraine in 24 hours and reduce the Kiev militias to dust must have been super-human. Especially with the mounting cornucopia of dementia; ballistic missiles in Poland and soon Ukraine; indiscriminate bombing of civilians in Donbass; the MH17 tragedy; the hysterical Western demonization.
A bear with limited patience
But Putin is wired for playing the long game. The window of opportunity for a lightning strike is gone; that kung fu move would have stopped NATO in its tracks with a fait accompli, and the ethnic cleansing of 8 million Russians and Russophones in Donbass would never have developed.
Still, Putin won’t “invade” Ukraine because Russian public opinion doesn’t want him to. Moscow will keep supporting what is a de facto resistance movement in the Donbass. Remember: in give or take two months, General Winter starts to set in those broke, IMF-plundered Ukrainian pastures.
The leaked German-Russian peace plan will be implemented over Washington’s collective dead body. This New Great Game, to a great extent, is also about preventing Russia-EU economic integration via Germany, part of a full Eurasian integration including China and its myriad Silk Roads.
If Russia’s trade with the EU – about US$410 billion in 2013 – is due to take a hit because of sanctions, then that also spells out a Go East movement. Which implies a Russian fine-tuning of theEurasian Economic Union project. No more a Greater Europe from Lisbon to Vladivostok – Putin’s original idea. Enter the Eurasian Union as a brother in arms of China’s myriad Silk Roads. Still, this spells out a strong Russia-China partnership at the heart of Eurasia – and still this is absolute anathema to the Masters of the Universe.
Make no mistake, the Russia-China strategic partnership will keep evolving very fast – with Beijing in symbiosis with Moscow’s immense natural and military-technological resources. Not to mention the strategic benefits. A case could be made this has not happened since Genghis Khan. But it’s not like Xi Jinping is pulling a Khan to subdue Siberia and beyond.
Cold War 2.0 is now inevitable because the Empire of Chaos will never accept Russia’s sphere of influence in parts of Eurasia (as it doesn’t accept China’s). It will never accept Russia as an equal partner (exceptionalists don’t do equality). And it will never forgive Russia – alongside China – for openly defying the creaking, exceptionalist, American-imposed order.
If the US deep state, guided by those nullities who pass for leadership, in desperation, goes one step beyond – it could be a genocide in Donbass; a NATO attack on Crimea; or worst case scenario, an attack against Russia itself – watch out. The Bear will strike.
Pepe Escobar is the author of Globalistan: How the Globalized World is Dissolving into Liquid War (Nimble Books, 2007), Red Zone Blues: a snapshot of Baghdad during the surge (Nimble Books, 2007), and Obama does Globalistan (Nimble Books, 2009).
He may be reached at email@example.com.
Source: Asia Times Online
As the world explodes in violence, war, riots, and uprisings, it is challenging to step back and examine the bigger picture. With airliners being shot down over the Ukraine, missiles flying between Israel and Gaza, ongoing civil war in Syria, Iraq falling apart as ISIS gains ground, dictatorship crackdown in Egypt, Turkey on the verge of revolution, Iran gaining control of Iraq, Saudi Arabia fomenting violence, Africa dissolving into chaos, South America imploding and sending their children across our purposely porous southern border, Mexico under the control of drug lords, China experiencing a slow motion real estate collapse, Japan experiencing their third decade of Keynesian failure, facing a demographic nightmare scenario while being slowly poisoned by radiation, and Chinese-Japanese relations moving towards World War II levels, it is easy to get lost in the day to day minutia of history in the making.
Why is this happening at this point in history? Why is the average American economically worse off today than they were at the height of the economic crisis in 2009? Why is the Cold War returning with a vengeance? Why is the Federal Reserve still employing emergency monetary policies when we are supposedly five years into a recovery and the stock market has attained record highs? Why do the ECB and European politicians continue to paper over the insolvency of their banks and governments? Why did the U.S. support the ouster of a dictator we supported for decades in Egypt and then support the elevation of a new dictator after we didn’t like the policies of the democratically elected president? Why did the U.S. eliminate the leader of Libya and allow the country to descend into anarchy and civil war? Why did the U.S. fund and provoke a revolutionary overthrow of a democratically elected leader in the Ukraine? Why did the U.S. fund and arm Al Qaeda associated rebels in Syria who are now fighting our supposed allies in Iraq? Why has the U.S. been occupying Afghanistan for the last thirteen years with the result being a Taliban that is stronger than ever? Why are the BRIC countries forming a monetary union to challenge USD domination? Why is the U.S. attempting to provoke Russia into a conflict with NATO?
Why is the U.S. government collecting every electronic communication made by every American? Why is the U.S. government spying on world leader allies? Why is the U.S. government providing military equipment to local police forces? Why is the U.S. military conducting training exercises within U.S. cities? Why is the U.S. government attempting to restrict Second Amendment rights? Why is the U.S. government attempting to control and lockdown the internet? Why has the U.S. government chosen to treat the Fourth Amendment as if it is obsolete? Why is the national debt still rising by $750 billion per year ($2 billion per day) if the economy is back to normal? Why have 12 million working age Americans left the workforce since the economic recovery began? How could the unemployment rate be back at 2008 levels when there are 14 million more working age Americans and the same number employed as in 2008? Why are there 13 million more people on food stamps today than there were at the start of the economic recovery in 2009? Why have home prices risen by 25% since 2012 when mortgage applications have been at fourteen year lows? Why are Wall Street profits and bonuses at record highs while the real median household income stagnates at 1998 levels?
Why do 98% of incumbent politicians get re-elected when congressional approval levels are lower than whale shit? Why are oil prices four times higher than they were in 2003 if the U.S. is supposedly on the verge of energy independence? Why do the corporate controlled mainstream media choose to entertain and regurgitate government propaganda rather than inform, investigate and seek the truth? Why do corporations and shadowy billionaires control the politicians, media, judges, and financial system in their ravenous quest for more riches? Why has the public allowed a privately owned bank to control our currency and inflate away 96% of its value in 100 years? Why have American parents allowed their children to be programmed and dumbed down by government run public schools? Why have Americans allowed themselves to be lured into debt in an effort to appear wealthy and successful? Why have Americans permitted their brains to atrophy through massive doses of social media, reality TV, iGadget addiction, and a cultural environment of techno-narcissism? Why have Americans lost their desire to read, think critically, question authority, act responsibly, defer gratification, and care about future generations? Why have Americans sacrificed their freedoms, liberties and rights for the false expectation of safety and security? Why will we pay dearly for our delusional, materialistic, debt financed idiocy? – Because we never learn the lessons of history.
There are so many questions and no truthful answers forthcoming from those who pass for leaders in this increasingly totalitarian world. Our willful ignorance, apathy, hubris and arrogance will have consequences. Just because it hasn’t happened yet, doesn’t mean it’s not going to happen. The cyclicality of history guarantees a further deepening of this Crisis. The world has evolved from totalitarian hegemony to republican liberty and regressed back to totalitarianism throughout the centuries. Anyone honestly assessing the current state of the world and our country would unequivocally conclude we have regressed back towards a totalitarian regime where a small cabal of powerful oligarchs believes they can control and manipulate the masses in their gluttonous desire for treasure. Aldous Huxley foretold all the indicators of a world descending into totalitarianism due to overpopulation, propaganda, brainwashing, consumerism, and dumbing down of a distracted populace in his 1958 reassessment of his 1931 novel Brave New World.
Is There a Limit?
“At the rate of increase prevailing between the birth of Christ and the death of Queen Elizabeth I, it took sixteen centuries for the population of the earth to double. At the present rate it will double in less than half a century. And this fantastically rapid doubling of our numbers will be taking place on a planet whose most desirable and productive areas are already densely populated, whose soils are being eroded by the frantic efforts of bad farmers to raise more food, and whose easily available mineral capital is being squandered with the reckless extravagance of a drunken sailor getting rid of his accumulated pay.” –Aldous Huxley – Brave New World Revisited – 1958
Demographics are easy to extrapolate and arrive at an accurate prediction, as long as the existing conditions and trends remain relatively constant. Huxley was accurate in his doubling prediction. The world population was 2.9 billion in 1958. It only took 39 years to double again to 5.8 billion in 1997. It has grown by 24% in the last 17 years to the current level of 7.2 billion. According to United Nations projections, world population is projected to reach 9.6 billion in 2050. The fact that it would take approximately 70 years for the world’s population to double from the 1997 level reveals a slowing growth rate, as the death rate in many developed countries surpasses their birth rate. The population of the U.S. grew from 175 million in 1958 to 320 million today, an 83% increase in 56 years.
The rapid population growth over the last century from approximately 1.8 billion in 1914, despite two horrific world wars, is attributable to cheap, easy to access oil and advances in medical technology made possible by access to cheap oil. The projection of 9.6 billion in 2050 is based upon an assumption the world’s energy, food and water resources can sustain that many people, no world wars kill a few hundred million people, no incurable diseases spread across the globe and there is no catastrophic geologic, climate, or planetary events. I’ll take the under on the 9.6 billion.
Anyone viewing the increasingly violent world situation without bias can already see the strain that overpopulation has created. Today, six countries contain half the world’s population.
A cursory examination of population trends around the world provides a frightening glimpse into a totalitarian future marked by vicious resource wars, violent upheaval and starvation for millions. India, a country one third the size of the United States, has four times the population of the United States. A vast swath of the population lives in poverty and squalor. India contains the largest concentration (25%) of people living below the World Bank’s international poverty line of $1.25 per day. According to the U.N. India is expected to add 400 million people to its cities by 2050. Its capital city Delhi already ranks as the second largest in the world, with 25 million inhabitants. The city has more than doubled in size since 1990. The assumptions in these U.N. projections are flawed. Without rapidly expanding economic growth, capital formation and energy resources, the ability to employ, house, feed, clothe, transport, and sustain 400 million more people will be impossible. Disease, starvation, civil unrest, war and a totalitarian government would be the result. With its mortal enemy Pakistan, already the sixth most populated country in the world, jamming 182 million people into an area one quarter the size of India and one twelfth the size of the U.S. and growing faster than India, war over resources and space will be inevitable. And both countries have nuclear arms.
More than half the globe’s inhabitants now live in urban areas, with China, India and Nigeria forecast to see the most urban growth over the next 30 years. Twenty-four years ago, there were 10 megacities with populations pushing above the 10 million mark. Today, there are 28 megacities with areas of developing nations seeing faster growth: 16 in Asia, 4 in Latin America, 3 in Africa, 3 in Europe and 2 in North America. The world is expected to have 41 sprawling megacities over the next few decades with developing nations representing the majority of that growth. Today, Tokyo, with 38 million people, is the largest in the world, followed by New Delhi, Jakarta, Seoul, Shanghai, Beijing, Manila, and Karachi – all exceeding 20 million people.
To highlight the rapid population growth of the developing world, the New York metropolitan area containing 18 million people was ranked as the third largest urban area in the world in 1990. Today it is ranked ninth and is expected to be ranked fourteenth by 2030. The U.S. had the fewest births since 1998 last year at 3.95 million. We also had the highest recorded deaths in history at 2.54 million. The fertility rate for 20- to 24-year-olds is now 83.1 births per 1,000 women, a record low. That combination created a gap in births over deaths that is the lowest it has been in 35 years.
This is the plight of the developed world (U.S., Europe, Japan) and even China (due to one child policy). According to the U.N. report, the population of developed regions will remain largely unchanged at around 1.3 billion from now until 2050. In contrast, the 49 least developed countries are projected to double in size from around 900 million people in 2013 to 1.8 billion in 2050. The rapid growth of desperately poor third world countries like Nigeria, Afghanistan, Niger, Congo, Ethiopia, and Uganda will create tremendous strain on their economic, political, social, and infrastructural systems. Nigeria’s population is projected to surpass the U.S. by 2050. Japan, Europe and Russia are in demographic death spirals. China is neutral, and the U.S. is expected to grow by another 89 million people. I wonder how many of them the BLS will classify as not in the labor force.
What are the implications to mankind of the world adding another billion people in the next twelve years, primarily in the poorest countries of Asia, Africa and South America? What does the world think of the U.S., which constitutes 4.4% of the world’s population, but consumes 20% of the world’s oil production and 24% of the world’s food? Will there be consequences to having the 85 richest people on earth accumulating as much wealth as the poorest 3.5 billion, with 1.2 billion surviving on less than $1.25 per day? Can a planet with finite amount of easily accessible financially viable extractable resources support an ever increasing number of people? Is there a limit to growth? I believe these questions will be answered in the next fifteen years as the dire consequences play out in civil strife, resource wars, totalitarian regimes, and societal collapse. Fourth Turning Crisis cycles always sweep away the existing social order and replace it with something new. It could be better or far worse.
Impact of Over-Population
“The problem of rapidly increasing numbers in relation to natural resources, to social stability and to the well-being of individuals — this is now the central problem of mankind; and it will remain the central problem certainly for another century, and perhaps for several centuries thereafter. Unsolved, that problem will render insoluble all our other problems. Worse still, it will create conditions in which individual freedom and the social decencies of the democratic way of life will become impossible, almost unthinkable. Not all dictatorships arise in the same way. There are many roads to Brave New World; but perhaps the straightest and the broadest of them is the road we are traveling today, the road that leads through gigantic numbers and accelerating increases.” – Aldous Huxley – Brave New World Revisited – 1958
The turmoil roiling the world today is a function of Huxley’s supposition that over-population pushes societies towards centralization and ultimately totalitarianism. The relentless growth in the world’s population, not matched by growth in energy resources, water, food, and living space, results in increasing tension, anger, economic decline, government dependency, war and ultimately totalitarianism. Huxley believed politicians and governments would increasingly resort to propaganda and misinformation to mislead citizens as the problems worsened and freedoms were revoked. Could this recent statement by our commander and chief of propaganda have made Edward Bernays and Joseph Goebbels any prouder?
“The world is less violent than it has ever been. It is healthier than it has ever been. It is more tolerant than it has ever been. It is better fed then it’s ever been. It is more educated than it’s ever been.”
I’m sure the people living in Gaza, the Ukraine, Libya, Syria, Iraq, Afghanistan, Thailand, Turkey, Africa and American urban ghettos would concur with Obama’s less violent than ever mantra. Disease (Cholera, Malaria, Hepatitis, Aids, Tuberculosis, Ebola, Plague, SARS) and malnutrition beset third world countries, while the U.S. obesity epidemic caused by consumption of corporate processed food peddled to the masses through diabolical marketing methods enriches the mega-corporate food companies, as well as the corporate sick care complex. Religious wars and culture wars rage across the world as intolerance for others beliefs reaches all-time highs. After three decades of government controlled public education they have succeeded in dumbing down the masses through social engineering, propaganda, and promoting equality over excellence. Obama should stop trying to think and stick to what he does best – golf and fundraising. After reading his drivel, I’m reminded of a far more pertinent quote from Huxley:
“Facts do not cease to exist because they are ignored.”
The chart below details the fact that 12% of the world’s population in countries producing 9% of the world’s oil are currently in a state of war. The violence, war, and civil unrest roiling the Ukraine, Syria, Egypt, Libya, Iraq, and Afghanistan are a direct result of U.S. meddling, instigation, and provocation. The U.S. government funds dictators (Hussein, Mubarak, Assad, Gaddafi) until they no longer serve their interests, engineer the overthrow of democratically elected leaders in countries (Iran, Egypt, Ukraine) that don’t toe the line, and dole out billions in military aid and arms to countries around the world in an effort to make them do our dirty work and enrich the military industrial complex. The true motivation behind most of the violence, intrigue and war is the U.S. need to maintain the U.S. petro-dollar hegemony and to control the flow of oil and natural gas throughout the world. The ruling oligarchy’s power, influence, and wealth are dependent upon dictating currency valuations and flow of oil and gas from foreign fiefdoms.
In Huxley’s 1931 Brave New World fable the world’s population is maintained at an optimum level (just under 2 billion) calculated by those in control. This is done through technology and biological manipulation. Procreation through sexual intercourse is prohibited. Creation of the desired number of people in each class is scientifically determined and the classes are conditioned from birth to fulfill their roles in society. When Huxley reassessed his novel in 1958’s Brave New World Revisited he didn’t argue for an optimum level of population. He simply hypothesized a close correlation between too many people, multiplying too rapidly, and the formulation of authoritarian philosophies and rise of totalitarian systems of government.
The introduction of penicillin, DDT, and clean water into even the poorest countries on the planet had the effect of rapidly decreasing death rates around the globe. Meanwhile, birth rates continued to increase due to religious, social and cultural taboos surrounding birth control and the illiteracy and ignorance of those in the poorest regions of the world. The ultimate result has been an explosion in population growth in the developing world, least able to sustain that growth. Huxley just uses common sense in concluding that as an ever growing population presses more heavily upon accessible resources, the economic position of the society undergoing this ordeal becomes ever more precarious.
It essentially comes down to the laws of economics. Most of the developing world is economic basket cases. They cannot produce food, consumer goods, housing, schools, infrastructure, teachers, managers, scientists or educated workers at the same rate as their population growth. Therefore, it is impossible to improve the wretched conditions of the vast majority, as they wallow in squalor. Unless a country can produce more than it consumes, it cannot generate the surplus capital needed to invest in machinery, agricultural production, manufacturing facilities, and education. The rapidly growing population sinks further into poverty and despair. Huxley grasps the nefarious implications for freedom and liberty as over-population wreaks havoc around the globe:
“Whenever the economic life of a nation becomes precarious, the central government is forced to assume additional responsibilities for the general welfare. It must work out elaborate plans for dealing with a critical situation; it must impose ever greater restrictions upon the activities of its subjects; and if, as is very likely, worsening economic conditions result in political unrest, or open rebellion, the central government must intervene to preserve public order and its own authority. More and more power is thus concentrated in the hands of the executives and their bureaucratic managers.”– Aldous Huxley – Brave New World Revisited – 1958
Despots, dictators, and power hungry presidents arise in an atmosphere of fear, scarce resources, hopelessness, and misery. As the power of the central government grows the freedoms, liberties and rights of the people are diminished and ultimately relinquished.
Source: The Millennium Report
Over a year ago I published an essay entitled ‘The Linchpin Lie: How Global Collapse Will Be Sold To The Masses’. This essay addressed efforts by the ever malicious Rand Corporation to create a false narrative surrounding the possibility of global collapse. Linchpin Theory, as it was named by it’s originator and Rand Corp. employee, John Casti, is I believe the very future of propaganda. Every engineered crisis needs a clever cover story, and in Linchpin Theory, we are told that all human catastrophe is a mere natural product of the “overcomplexity” within various systems. Yes, there is no accounting of false flag geopolitics or elitist conspiracy, no acknowledgment of deliberately initiated chaos; such things do not exist in the world of “linchpins”. Rather, the Rand Corporation would have us believe that the world is a massive game of Jenga, and the supporting pieces just remove themselves from the teetering structure by magical and coincidental causality.
Today, the linchpin lie is now being carefully inserted into the mainstream narrative. I can’t say I was shocked to hear Alan Greenspan use its basic premise when he recently stated that:
“I have come to the conclusion that bubbles…are a function of human nature. We don’t have enough observations, but my tentative hypothesis to what we’re dealing with is that both a necessary and sufficient condition for the emergence of a bubble is a protracted period of stable economic activity at low inflation. So it is a very difficult policy problem. I do believe that central banks that believe they can quell bubbles are living in a state of unrealism.”
It is important that we understand what Greenspan is actually doing here. The former Fed chairman is asserting that economic bubbles like the derivatives bubble of 2008 are a “natural function”, like the seasons, and are out of the control of central bankers. The truth is that central bankers have never tried to “quell” economic bubbles, they have been deliberately creating them in order to position the global economy into a crisis which they can then exploit. Greenspan is not only diverting blame for all the past and future economic crashes central banks have engineered, he is also setting the propaganda stage for a great change in the dynamic of the central banking concept – what the IMF’s Christine Lagarde calls the “global economic reset”.
The current central banking structure gives the illusion of separation and sovereignty. Most people who have not researched the nature of the international banking cartel believe that the Federal Reserve, for instance, is a separate national entity from the Central Bank of Russia, or the Central Bank of China. They believe that these institutions act of their own accord rather than in concert with each other. The reality is, there is no Federal Reserve. There is no Central Bank of Russia. There are no separate entities. There are no Western banks and there are no BRICS. All of these banking edifices are merely front organizations for global financiers, as Council on Foreign Relations insider (and friend to the Rockefellers) Carroll Quigley made clear in his book, Tragedy And Hope:
“It must not be felt that the heads of the world’s chief central banks were themselves substantive powers in world finance. They were not. Rather they were the technicians and agents of the dominant investment bankers of their own countries, who had raised them up, and who were perfectly capable of throwing them down. The substantive financial powers of the world were in the hands of these investment bankers who remained largely behind the scenes in their own unincorporated private banks. These formed a system of international cooperation and national dominance which was more private, more powerful, and more secret than that of their agents in the central banks. “
A “global economic reset”, I suspect, will consist of a grand shift away from covert cooperation between central banks to an OPENLY centralized one world banking system, predicated on the concepts put forward by the IMF and led by the Bank of International Settlements, which has always been behind the scenes handing down commandments to the seemingly separate central banks of nations.
In order for this “reset” to be achieved, however, the establishment needs a historically monumental distraction. A distraction so confounding and terrifying that by the time the public has a chance to examine the situation rationally, the elites have already tightened the noose.
I have been warning ever since the beginning of the derivatives/debt collapse of 2007/2008 that the international financiers and globalists who created the artificially low interest rates and fiat lending bonanza would one day be required to fashion a considerably dangerous event in orderto trigger the final collapse of the dollar based monetary system and replace it with a new currency (or basket of currencies), along with a new centralized financial authority.
This distracting event would have to rely on three very important strategies in order to succeed -
1) The use of what I call the “scattershot effect”; a swarm of smaller crises growing exponentially until it blurs together to create one dynamic calamity.
2) The use of multiple false paradigms in order to confuse the masses and pit them against one another in an absurd fight over fake and meaningless causes.
3) The use of deceptive benevolence on the part of the financial elite as they tap dance in to act as global “mediators”, ready to save the public from itself.
The end result would be a new brand of “world war” rather unique to history.
When most people imagine WWIII, they immediately envision images of nuclear bombs and mushroom clouds, however, I believe that when world war erupts, it may progress far differently from our cinematic assumptions. Regional conflicts are very likely, there is no doubt, but if one places himself in the shoes of the elites, one realizes that all out mechanized nuclear Armageddon is not really necessary to achieve the desired result of global governance.
Economic warfare alone could be extremely effective in initiating full spectrum fiscal implosion as well as mass starvation, mass panic, and mass desperation. All the signs lead me to believe that financial combat and 4th generation warfare will be used in the place of large armies and missiles.
The Scattershot Effect
Consider the sheer scope and number of crisis situations that have reached explosive proportions just in the past six months.
Syria continues to destabilize due to ISIS insurgents supported by the U.S., Saudi Arabia, and Israel; it is a horrifying storm which is now bleeding into other nations such as Iraq.
Iraq is on the verge of complete disintegration as the same western organized ISIS movestowards the outskirts of Baghdad.
Libya has imploded, with the American embassy evacuated, as well as the French and British, as various militias battle for supremacy.
The Ukraine crisis is nearing mutation into another beast entirely after the attack on Malaysian flight MH17. In just the past week, the EU has instituted sanctions against Russia, fighting has become even more fierce around Donetsk, Russia has been accused of firing artillery into Ukraine, and the U.S. now claims that Russia has violated the terms of the Intermediate Range Nuclear Forces treaty.
In the meantime, the Federal Reserve continues to taper QE3 while ignoring the unprecedented equities bubble they have birthed in the stock market, as well as refusing to answer the question as to who will actually buy U.S. Treasury debt if they do not? Our secret friend from Belgium? And what if this secret friend is, as I suspect, actually the IMF/BIS global loan shark duo? What then? Do we become yet another third world African-style debtor owing our very infrastructure to a financial bureaucracy on the other side of the world?
And what about the Baltic Dry Index, one of the few measures of global shipping demand that cannot be manipulated by outside money interests? Well, the BDI is back down to historic lows,falling 65% since January, signaling that the so-called “economic recovery” is not at all what it is cracked up to be.
Add to this the deluge of illegal immigration on the southern border, aided by the Obama Administration, as well as possible presidential impeachment and lawsuit proceedings, and you have a recipe for total chaos of the fiscal variety.
If the first six to seven months of 2014 have been this frenetic, how bad will the next six months be?
We are all aware of the prevalence of the false Left/Right paradigm in American politics. Hopefully most people in the Liberty Movement understand, for example, that any impeachment or lawsuit proceedings against Barack Obama will be nothing more than a crafted circus designed to accomplish nothing – a con game to placate conservatives with useless top-down solutions while the country burns around their ears.
There are other false paradigms that are not so clear to some, though…
The false Israel/Hamas paradigm has certainly duped a particular subsection of Americans and even a few patriots, even though it is historical fact that the creation of Hamas itself wasfunded and supported by the Israeli government. Why do Israeli politicians put money and arms at the disposal of Muslim extremist groups like Hamas and ISIS, only to enter into brutal conflict with them later? Could it be that the Israeli government does not have the best interests of the Israeli people at heart? Could it be that Israel is being used by internationalists as a catalyst for chaos? It is vital that we question the intentions behind such contrary actions in the Middle East.
Why has the U.S. government (Democrats and Republicans), Saudi Arabia, and Israel put support behind the ISIS caliphate in Iraq after spending decades of time, billions in resources, and thousands of lives, attempting to overrun and dominate the region? Why are these governments creating enemies that will later try to harm us?
It is all about false paradigms; dividing the masses into numerous conflicting sides and pitting them against each other when they should be fighting against the elites.
The false East/West paradigm is perhaps the most dangerous lie facing free men today. It is a lie that may very well define our generation if not our century. I have outlined in multiple articlesthe substantial evidence that proves beyond a doubt that Russia and China are members of the globalist agenda, and that the tensions between our two hemispheres are completely fabricated.
The latest announcement of a BRICS bank to rival the IMF is yet another scheme to perpetuate the illusion that the elites of these nations are at odds. In fact, the BRICS conference mission statement makes it clear that developing nations have no intention of breaking from the IMF (and certainly not the BIS). Instead, the BRICS bank is meant to provide “leverage” to “force” the IMF to become more inclusive, and hand over more power and participation. Vladimir Putin had this to say at the latest summit:
“In the BRICS case we see a whole set of coinciding strategic interests. First of all, this is the common intention to reform the international monetary and financial system. In the present form it is unjust to the BRICS countries and to new economies in general. We should take a more active part in the IMF and the World Bank’s decision-making system. The international monetary system itself depends a lot on the US dollar, or, to be precise, on the monetary and financial policy of the US authorities. The BRICS countries want to change this.”
Brazilian President Dilma Rousseff insisted that the BRICS were not seeking to distance themselves from the Washington-based International Monetary Fund:
Putin and the BRICS commonly rail against the “unipolar” financial system revolving around the U.S. dollar, but in the end they are only controlled opposition, and their solution is to place even more power into the hands of the IMF (a supposedly U.S. government controlled institution), creating a truly unipolar world order. If the U.S. loses its IMF veto status this year due to lack of allocated funds, and the BRICS dump the dollar as world reserve, this may very well happen.
As sanctions between Russia and the U.S. snowball, a perfect rationalization for a dollar decoupling will be created that very few people would have believed possible only a few years ago. It is only a matter of time before fiscal warfare escalates to destructive levels. Russia will inevitably cut off gas exports to the EU, and the BRICS will inevitably drop the U.S. dollar as a world reserve standard.
The U.S. relationship to the EU is also currently being presented as dubious, and this is not by accident. Failing relations between America and Germany are yet more theater for the masses to chew on. Western allies have been spying on each other for decades, but somehow the exposure of CIA activities in Germany is shocking news? The NY Fed suddenly attacks Deutsche Bank, seeking expanded monitoring and regulation? Germany’s business interests are highly damaged by U.S. sanctions against Russia? It would seem as though someone is trying to create an artificial divide between elements of the EU and the U.S.
I believe that the narrative is being prepared for a faked financial breakup between the U.S. and many of its former allies, isolating the U.S., and destroying the dollar, but to what end? To answer that question, we must ask WHO ultimately benefits from these actions?
The Rise Of The Hero Bankers
In June of last year, the Bank of International Settlements, the central bank of central banks whose history began with the financial support of the Third Reich, released a statementwarning that “easy money” from central banks was creating a dangerous bubble in stock markets around the world.
The IMF too has been pushing warnings of stock bubble collapse into the mainstream.
In June of this year, the BIS, a normally obscure and secretive organization, released another statement pronouncing that government had been led into a “false sense of security” by easy monetary policy and low interest rates, making the world economy perpetually unstable.
For an organization so covert and occult, the BIS sure has become rather candid lately. Frankly, I agree with everything they have said. However, I do not agree with the hypocrisy of the BIS, which dominates the decisions of all of its member banks, publicly criticizing policies which it most likely scripted itself. Why would the BIS suddenly denounce fiscal methods it used to promote? Because the BIS is setting itself up as the great prognosticator of a collapse that IT HELPED ENGINEER.
After the great financial war has subsided, and the people are suitably poverty stricken and desperate, it will be institutions like the BIS and IMF that swoop in to “save the day”. Their offer will be to consolidate economic control into the hands of an elite group of bankers “not affiliated” with any particular nation state, thereby insulating them from “political concerns”. The argument will be that national sovereignty is a bane on the back of humanity. They will claim that the catastrophe will continue until we “simplify” and streamline our economic and political systems. They will present themselves as the heroes of the age; the ones who predicted the crisis would occur, and the ones who had a solution ready to save the day (after sufficient death and destruction, of course).
As long as people remain obsessed with false paradigms and faux enemies, the establishment’s goal of complete centralized dominance will be predictably attainable. If we change our focus to the internationalists as the true danger instead of playing their game by their rules, then things will become far more interesting…
Source: Brandon Smith | Alt-Market
With the centurial commemoration of the Great War, the Timeline of World War I provides a chronological list of facts and occurrences. Contrast such details with a wholly inadequate and sanitized version of the Top 5 Causes of World War 1:
1. Mutual Defense Alliances
5. Immediate Cause: Assassination of Archduke Franz Ferdinand
None of these simplistic categories or labels has any veritable bearing on the underlying political, social, economic and evil forces that conspired to drive Western Civilizations into a self-induced suicidal slaughter. The true history of World War I is rooted in the permanent struggle against satanic powers that seek the destruction of Christendom, the financial enslavement of humanity and the death of gentile society.
Understand the real history of The Rothschild 1901 – 1919: The secret creators of World War 1.
“In this war, the German Rothschild’s loan money to the Germans, the British Rothschilds loan money to the British, and the French Rothschilds loan money to the French. Furthermore, the Rothschilds have control of the three European news agencies, Wolff (est. 1849) in Germany, Reuters (est. 1851) in England, and Havas (est. 1835) in France. The Rothschilds use Wolff to manipulate the German people into a fervor for war. From around this time, the Rothschilds are rarely reported in the media, because they own the media.”
The video, World War 1, What Happened?, explains in the most fundamental manner, The Role of the Jews in WWI summarized by Benjamin H. Freedman. “The Balfour Declaration was merely Great Britain’s promise to pay the Zionists what they had agreed upon as a consideration for getting the United States into the war.”
Now read the essay, The Money Masters: How International Bankers Gained Control of America, for the account of America betrayal.
“In America, J.P. Morgan was the sales agent for war materials to both the British and the French.
In fact, six months into the war, Morgan became the largest consumer on earth, spending $10 million a day.
Other Rothschild allies in the United States made out as well from the war. President Wilson appointed Bernard Baruch to head the War Industries Board. According to historian James Perloff, both Baruch and the Rockefellers profited by some $200 million during the war.”
The more that things change the further they remain the same. The essay, International Bankers and WW I references, the book, A Century of War by William Engdahl.
“By 1920, Morgan partner Thomas W. Lamont noted with obvious satisfaction that, as a result of four years of war and global devastation, ‘the national debts of the world have increased by $210,000,000,000 or about 475% in the last six years, and as a natural consequence, the variety of government bonds and the number of investors in them have been greatly multiplied.’ These results have made themselves manifest in all the investment markets of the world but nowhere, perhaps, in greater measure than in the United States.”
“It may be noted that in 1913 the US government budget was a mere $714,000,000 (714 million dollars) while the Rockefeller empire was worth 950 million dollars in 1913. The Rockefeller and Morgan empires were built through financing by the Rothschild banking family.”
Such financial manipulation deserves an honest evaluation, as Brother Nathaniel offers, in his summary of the Benjamin H. Freedman viewpoint in the article, Jews Blackmailed Wilson Into WW I.
“Not a shot had been fired on German soil yet Germany was offering England peace terms. They offered England a negotiated peace on what the lawyers call a status quo ante basis, which means: “Let’s call the war off and let everything be as it was before the war started.”
England, in the summer of 1916, was considering Germany’s peace terms. They had no choice. It was either accepting this negotiated peace that Germany was offering them or going on with the war and being totally defeated.
While that was going on, the Zionists in Germany, led by the Jew, Chaim Weitzman, who later became the 1st President of Israel, went to the British War Cabinet and said: “Don’t capitulate to Germany. You can win this war if the United States comes in as your ally. We can arrange this. But in return, you must promise us Palestine once the tide turns in your favor.”
In this war, 115,516 American soldiers were killed and 202,002 were maimed for life.
That is what the Anti-Christian Jews of the world conspired to achieve in their crooked diplomatic underworld.”
Harsh words, but what was the actual outcome? Mujahid Kamran in the essay, International bankers and WW I, provides an insight into the true reason behind waging World War I.
“Historian Alan Brugar has pointed out that for every soldier who died in battle, the international bankers made a profit of $10,000 dollars! It was the bankers who manipulated the horrific World War I. This bloodletting was not just to make profits – this was also carried out to exhaust countries by bleeding them and enhance the control of bankers over governments with the objective of setting up the New World Order (NWO).”
“The penetration of the banking families into the power fabric of nations can be gauged from the astonishing fact that during WWI German intelligence was headed by the banker Max Warburg, brother of a naturalized US citizen Paul Warburg. Paul Warburg authored the diabolical Federal Reserve scheme. The Warburg’s were among the owners of the Federal Reserve. Both represented their respective “countries” in the “delegations” that met at the “peace” negotiations at Versailles after WWI in which Germany was ripped off completely.”
Remember that after World War I, Henry Ford published the Dearborn Independent and accounts on The Jewish Hand in the World War.
“As Henry Ford saw it, “Mr. Wilson, while President, was very close to the Jews. His administration, as everyone knows, was predominantly Jewish.”22 Wilson seems to have been the first president to have the full backing of the Jewish Lobby, including multiple major financial donors. And he was the first to fully reward their support.”
Today, such writings often criticized as anti-Semitic, present a viewpoint that is acknowledged by the Jewish Writer, Oscar Levy, The World Significance of the Russian Revolution; The International Jew, Vol. III, 1921, p. 184-87. The site, The Evil of Zionism Exposed by Jews, quotes Mr. Levy.
“There is scarcely an event in modern history that cannot be traced to the Jews. Take the Great War (World War I)…the Jews have made this war! … We (Jews) who have posed as the saviors of the world…we Jews, today, are nothing else but the world’s seducers, its destroyer’s, its incendiaries, its executioners … We have finally succeeded in landing you into a new hell.”
Henry Makow Ph.D. comments on the Webster Tarpley version of history (EVIL DEMIURGE OF THE TRIPLE ENTENTE AND WORLD WAR I) in the essay, Illuminati Bankers Instigated World War One, by saying that Dr. Tarpley “eschews mention of Jewish bankers in favor of euphemisms like “Venetians.” Therefore it is unusual for him to state bluntly that King Edward VII was in the pay of the Rothschilds and was responsible for World War One.”
In a “TC” environment, the modern genteelism, international finance has even more dire consequences facing the world today. The T. Hunt Tooley account, Merchants of Death Revisited: Armaments, Bankers, and the First World War references Professor Carroll Quigley and his books, Tragedy and Hope (1966) and The Anglo-American Establishment (written in 1949).
“In these works, Quigley described explicitly a kind of secret, benevolent “network consisting of international bankers and connected elites in business, education, the media, and government which had existed since the nineteenth century:
The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole.
In Quigley’s telling, the role of this elite and its banking connections in World War I was that of financing the “Anglo-American” cause against the Central Powers, whose victory might have threatened what he viewed as the existing Anglo-American Pax Romana.”
Contrast these with the banksters inspired and executed system of the pre World War I reality as described by David A, Stockman in If Only The U.S. Had Stayed Out Of World War I. “Between 1870 and 1914, there was a 45-year span of rising living standards, stable prices, massive capital investment and prolific technological progress. In terms of overall progress, these four-plus decades have never been equaled — either before or since.”A century ago, the term Jew had negative connotations associated with a long history as shylock moneychangers. In the present day, polite and accepted conversation pressures discourse to strike the idiom from the vocabulary. Purging future history from the scourge of debt created finance requires the courage of Henry Ford to strip international finance from its economic dominance and political power. Any ethnic, religious or tribal identity that bears the responsibility of inciting anti-Christian demise is the avowed enemy of all humanity.
International banksters thrive on war. World War I proved that no political regime is immune from satanic belligerence. The last century is an anthology of fabricated conflicts designed to foster Quigley’s NWO financial and coercive control vision. The Rothschild Dynasty vastly extends beyond family and tribe, as it is a matrix for the eradication of the sacred tenants and sanctity of individual life that is a bedrock principle of Western Civilization.
World War I was not about national disputes, but was a planned destruction of Christendom. This defining struggle gave rise to the temple of Totalitarian Collectivism. The only GREAT WAR is the battle to defeat the demon forces that want to impose a Luciferian rule upon the planet. Wars kill citizens, while usury destroys societies.Few people know, much less, understand the essential lesson of World War I. The entire last century needs interpreting and evaluation through the lenses of the eternal struggle. Ignorance is bliss for most people, but faulty history is much more dangerous.
The belief that calling for and instituting sanctions against Russia is a sound policy, illustrates the economic disconnect of the Obama administration. With the fervor for starting a new cold war, the propaganda machine is working overtime to paint a picture that ignores real economic synergism. Note the conflicting reports regarding the EU. Nine EU countries ready to block economic sanctions against Russia, quotes a diplomatic source to ITAR-TASS:
“France, Germany, Luxembourg, Austria, Bulgaria, Greece, Cyprus, Slovenia, and EU President Italy see no reason in the current environment for the introduction of sectorial trade and economic sanctions against Russia and at the summit, will block the measure.”
“According to the source, the US sees slapping Russia with sanctions as a way to promote its own trade agenda with Europe, a side rarely explored in mainstream media. The Transatlantic Trade and Investment Partnership (TTIP) between the US and Europe would create the world’s largest free trade zone, but some worry it could balloon into an “economic NATO” or could end up putting corporation interest above national.”
An article, EU and the USA have adopted new sanctions against Russia reports that the European Council has agreed to extend the restrictive measures for the entities in the Russian Federation. Romanian president Traian Basescu believes the EU needs to adopt tougher sanctions against Russia.
“My point of view was that unless the European Union takes tougher actions and moves on to the third stage of these sanctions, Ukraine might no longer be ready to move towards the European Union and would end up in a situation like that in the Republic of Moldova, currently facing the breakaway tendencies of the region of Transdniester, only with a greater impact for the EU, because Ukraine is a bigger country.”
This contradiction between individual national economic interests and the quest for a technocrat administered system of trade that fosters and facilitates an internationalist foreign policy under NATO and EU rule, is the actual objective of Washington and Brussels interventionism. This arrogance and self-delusion treats economic commerce as conducted in a vacuum. As The Hill article cites Putin. “Sanctions are “driving into a corner” relations between the two countries and will damage the interests of U.S. companies and “the long-term national interests of the U.S. government and people.”
Russian warns that the US campaign will have consequences as the Alliance News writes, that Moscow Blasts US Sanctions As “Primitive,” Promises Retaliation.
“Sergei Ryabkov, a deputy Foreign Minister, told the Interfax news agency that Moscow will hit back with measures that “will be felt in Washington painfully and sharply.”
The Russian Foreign Ministry said US measures against a number of state corporations are “a primitive attempt at revenge because events in Ukraine are not developing according to Washington’s scenario,” and added that it reserves the right to retaliate.”
The preposterous strategy that international finance can force a country like Russia, with the world’s largest energy resources, into a capitulation dependent status is absurd. The minimal effect according to Russia’s Finance Ministry, Says Harsher Sanctions Would Cost Russia 0.3% of GDP, does not sound like much of a threat. Then consider the counter response of Russian Sanctions Retaliation Escalates: Dumps Intel/AMD And Now Foreign Cars.
The cavalier and condescending manner by which the Western central banks assist the New World Order’s goal of global dominance has fortified opposition with the emergence of theBRICS Development Bank. Use your common sense, when Putin Wants Measures to Protect BRICS Nations From U.S. Sanctions, much of the rest of the world is listening.
“In an interview published as a two-day BRICS summit got under way in Brazil on Tuesday, Putin said he would urge Brazil, China, India and South Africa to draw “substantive conclusions” from sanctions imposed on Russia over its actions in the Ukraine crisis, and said it was time to dilute the dominance of the U.S.-led West and the U.S. dollar by boosting the role of the BRICS on the global stage.”
The American press and media, especially is fueling the fires to demonize Putin’s Russia as a resurrected Stalinist Soviet belligerent. Absent in this narrative is an honest chronicle of NATO’s expansion to encircle the Russian Federation. At what point will Western journalists and academic scholars admit that the convergence of EU authoritarianism and American hegemony propagates an internationalist foreign policy, designed to isolate and destroy any opposition to this New World Order.
The lesson of these failed attempts for economic bullying a country, with real weapons of mass destruction, has the potential of starting a hot war. The essay, IMF and EU Capture of Ukraine, explains the circumstances and false justification of initiating “regime change“. This Ukraine flashpoint may well commence a tangible economic union among countries, who recognize that American sanctions are nothing more than a desperate attempt to prop up a decaying globalist economic structure.
EU antagonism towards the citizens of their member countries is growing expediently. Within this context, US sanctions hurt Europe more than America.
“The Association of European Businesses (AEB), a Moscow-based business lobby, said that new US sanctions against Russia have a more severe effect on European than on American business.
The AEB says it “regrets” the US sanctions, and warns that they will stunt economic growth “not only in Russia“.
“These sanctions are more focused on the partners of European businesses than on the partners of American companies,” the group said in a statement on Thursday.”
Obama’s State Department bears a heavy responsibility for promoting a civil war in Ukraine. Using sanctions to push Russia into accelerating a BRICS economic block will have far more adverse effects than can be envisioned by the lunatic proponents of “selective” Free Trade. The moneychanger’s financial system is imploding and their rescue plan requires a massive global crisis to bail out their “To Big to Fail” model. Mutually productive commerce will be among the first causalities of the prelude to World War III. Soon clamors for sanctions against American companies will begin, as the blame game diverts the real cause of this fabricated debacle.
“The unipolar world model has failed. People everywhere have shown their desire to choose their own destiny, preserve their own cultural identity, and oppose the West’s attempts at military, financial, political and ideological domination.”
- Vladimir Putin
“While the human politics of the crisis in Ukraine garner all the headlines, it is the gas politics that in many ways lies at the heart of the conflict.”
- Eric Draitser, Waging war against Russia, one pipeline at a time, RT
What does a pipeline in Afghanistan have to do with the crisis in Ukraine?
Everything. It reveals the commercial interests that drive US policy. Just as the War in Afghanistan was largely fought to facilitate the transfer of natural gas from Turkmenistan to the Arabian Sea, so too, Washington engineered the bloody coup in Kiev to cut off energy supplies from Russia to Europe to facilitate the US pivot to Asia.
This is why policymakers in Washington are reasonably satisfied with the outcome of the war in Afghanistan despite the fact that none of the stated goals were achieved. Afghanistan is not a functioning democracy with a strong central government, drug trafficking has not been eradicated, women haven’t been liberated, and the infrastructure and school systems are worse than they were before the war. By every objective standard the war was a failure. But, of course, the stated goals were just public relations blather anyway. They don’t mean anything. What matters is gas, namely the vast untapped reserves in Turkmenistan that could be extracted by privately-owned US corporations who would use their authority to control the growth of US competitors or would-be rivals like China. That’s what the war was all about. The gas is going to be transported via a pipeline from Turkmenistan, across Afghanistan, Pakistan and India to the Arabian sea, eschewing Russian and Iranian territory. The completion of the so called TAPI pipeline will undermine the development of an Iranian pipeline, thus sabotaging the efforts of a US adversary.
The TAPI pipeline illustrates how Washington is aggressively securing the assets it needs to maintain its dominance for the foreseeable future. Now, check this out from The Express Tribune, July 5:
“Officials of Pakistan, India, Afghanistan and Turkmenistan are set to meet in Ashgabat next week to push ahead with a planned transnational gas pipeline connecting the four countries and reach a settlement on the award of the multi-billion-dollar project to US companies.
“The US is pushing the four countries to grant the lucrative pipeline contract to its energy giants. Two US firms – Chevron and ExxonMobil – are in the race to become consortium leaders, win the project and finance the laying of the pipeline,” a senior government official said while talking to The Express Tribune.
Washington has been lobbying for the gas supply project, called Turkmenistan, Afghanistan, Pakistan and India (Tapi) pipeline, terming it an ideal scheme to tackle energy shortages in Pakistan. On the other side, it pressed Islamabad to shelve the Iran-Pakistan gas pipeline because of a nuclear standoff with Tehran…
According to officials, Petroleum and Natural Resources Minister Shahid Khaqan Abbasi will lead a delegation at the meeting of the TAPI pipeline steering committee on July 8 in Ashgabat.
…At present, bid documents are being prepared in consultation with the Asian Development Bank, which is playing the role of transaction adviser. The documents will be given to the two companies only for taking part in the tender.
Chevron is lobbying in India, Pakistan and Afghanistan to clinch a deal, backed by the US State Department. However, other companies could also become part of the consortium that will be led either by Chevron or ExxonMobil.” (TAPI pipeline: Officials to finalise contract award in Ashgabat next week, The Express Tribune)
So the pipeline plan is finally moving forward and, as the article notes, “The documents will be given to the two companies only for taking part in the tender.”
Nice, eh? So the State Department applies a little muscle and “Voila”, Chevron and Exxon clinch the deal. How’s that for a free market?
And who do you think is going to protect that 1,000 mile stretch of pipeline through hostile Taliban-controlled Afghanistan?
Why US troops, of course, which is why US military bases are conveniently located up an down the pipeline route. Coincidence?
Not on your life. Operation “Enduring Freedom” is a bigger hoax than the threadbare war on terror.
So let’s not kid ourselves. The war had nothing to do with liberating women or bringing democracy to the unwashed masses. It was all about power politics and geostrategic maneuvering; stealing resources, trouncing potential rivals, and beefing up profits for the voracious oil giants. Who doesn’t know that already? Here’s more background from the Wall Street Journal:
“Earlier this month, President Obama sent a letter to (Turkmenistan) President Berdimuhamedow emphasizing a common interest in helping develop Afghanistan and expressing Mr. Obama’s support for TAPI and his desire for a major U.S. firm to construct it.
…Progress on TAPI will also jump-start many of the other trans-Afghan transport projects—including roads and railroads—that are at the heart of America’s “New Silk Road Strategy” for the Afghan economy.
The White House should understand that if TAPI isn’t built, neither U.S. nor U.N. sanctions will prevent Pakistan from building a pipeline from Iran.” (The Pipeline That Could Keep the Peace in Afghanistan, Wall Street Journal)
Can you see what’s going on? Afghanistan, which is central to Washington’s pivot strategy, is going to be used for military bases, resource extraction and transportation. That’s it. There’s not going to be any reconstruction or nation building. The US doesn’t do that anymore. This is the stripped-down, no-frills, 21st century imperialism. “No nation for you, buddy. Just give us your gas and off we’ll go.” That’s how the system works now. It’s alot like Iraq –the biggest hellhole on earth–where “oil production has surged to its highest level in over 30 years”. (according to the Wall Street Journal) And who’s raking in the profits on that oil windfall?
Why the oil giants, of course. (ExxonMobil, BP and Shell) Maybe that’s why you never read about what a terrible mistake the war was. Because for the people who count, it really wasn’t a mistake at all. In fact, it all worked out pretty well.
Of course, the US will support the appearance of democracy in Kabul, but the government won’t have any real power beyond the capital. It never did anyway. (Locals jokingly called Karzai the “mayor of Kabul”) As for the rest of the country; it will be ruled by warlords as it has been since the invasion in 2001. (Remember the Northern Alliance? Hate to break the news, but they’re all bloodthirsty, misogynist warlords who were reinstated by Rumsfeld and Co.)
This is the new anarchic “Mad Max” template Washington is applying wherever it intervenes. The intention is to dissolve the nation-state in order to remove any obstacle to resource extraction, which is why failed states are popping up wherever the US sticks its big nose. It’s all by design. Chaos is the objective. Simply put: It’s easier to steal whatever one wants when there’s no center of power to resist.
This is why political leaders in Europe are so worried, because they don’t like the idea of sharing a border with Somalia, which is exactly what Ukraine is going to look like when the US is done with it.
In Ukraine, the US is using a divide and conquer strategy to pit the EU against trading partner Moscow. The State Department and CIA helped to topple Ukraine’s elected President Viktor Yanukovych and install a US stooge in Kiev who was ordered to cut off the flow of Russian gas to the EU and lure Putin into a protracted guerilla war in Ukraine. The bigwigs in Washington figured that, with some provocation, Putin would react the same way he did when Georgia invaded South Ossetia in 2006. But, so far, Putin has resisted the temptation to get involved which is why new puppet president Petro Poroshenko has gone all “Jackie Chan” and stepped up the provocations by pummeling east Ukraine mercilessly. It’s just a way of goading Putin into sending in the tanks.
But here’s the odd part: Washington doesn’t have a back-up plan. It’s obvious by the way Poroshenko keeps doing the same thing over and over again expecting a different result. That demonstrates that there’s no Plan B. Either Poroshenko lures Putin across the border and into the conflict, or the neocon plan falls apart, which it will if they can’t demonize Putin as a “dangerous aggressor” who can’t be trusted as a business partner.
So all Putin has to do is sit-tight and he wins, mainly because the EU needs Moscow’s gas. If energy supplies are terminated or drastically reduced, prices will rise, the EU will slide back into recession, and Washington will take the blame. So Washington has a very small window to draw Putin into the fray, which is why we should expect another false flag incident on a much larger scale than the fire in Odessa. Washington is going to have to do something really big and make it look like it was Moscow’s doing. Otherwise, their pivot plan is going to hit a brick wall. Here’s a tidbit readers might have missed in the Sofia News Agency’s novinite site:
“Ukraine’s Parliament adopted .. a bill under which up to 49% of the country’s gas pipeline network could be sold to foreign investors. This could pave the way for US or EU companies, which have eyed Ukrainian gas transportation system over the last months.
…Prime Minister Arseniy Yatsenyuk was earlier quoted as saying that the bill would allow Kiev to “attract European and American partners to the exploitation and modernization of Ukraine’s gas transportation,” in a situation on Ukraine’s energy market he described as “super-critical”. Critics of the bill have repeatedly pointed the West has long been interest in Ukraine’s pipelines, with some seeing in the Ukrainian revolution a means to get access to the system. (Ukraine allowed to sell up to 49% of gas pipeline system, novinite.com)
Boy, you got to hand it to the Obama throng. They really know how to pick their coup-leaders, don’t they? These puppets have only been in office for a couple months and they’re already giving away the farm.
And, such a deal! US corporations will be able to buy up nearly half of a pipeline that moves 60 percent of the gas that flows from Russia to Europe. That’s what you call a tollbooth, my friend; and US companies will be in just the right spot to gouge Moscow for every drop of natural gas that transits those pipelines. And gouge they will too, you can bet on it.
Is that why the State Department cooked up this loony putsch, so their fatcat, freeloading friends could rake in more dough?
This also explains why the Obama crowd is trying to torpedo Russia’s other big pipeline project called Southstream. Southstream is a good deal for Europe and Russia. On the one hand, it would greatly enhance the EU’s energy security, and on the other, it will provide needed revenues for Russia so they can continue to modernize, upgrade their dilapidated infrastructure, and improve standards of living. But “the proposed pipeline (which) would snake about 2,400 kilometers, or roughly 1,500 miles, from southern Russia via the Black Sea to Bulgaria, Serbia, Hungary and ultimately Austria. (and) could handle about 60 billion cubic meters of natural gas a year, enough to allow Russian exports to Europe to largely bypass Ukraine” (New York Times) The proposed pipeline further undermines Washington’s pivot strategy, so Obama, the State Department and powerful US senators (Ron Johnson, John McCain, and Chris Murphy) are doing everything in their power to torpedo the project.
“What gives Vladimir Putin his power and control is his oil and gas reserves and West and Eastern Europe’s dependence on them,” Senator Johnson said in an interview. “We need to break up his stranglehold on energy supplies. We need to bust up that monopoly.” (New York Times)
What a bunch of baloney. Putin doesn’t have a monopoly on gas. Russia only provides 30 percent of the gas the EU uses every year. And Putin isn’t blackmailing anyone either. Countries in the EU can either buy Russian gas or not buy it. It’s up to them. No one has a gun to their heads. And Gazprom’s prices are competitive too, sometimes well-below market rates which has been the case for Ukraine for years, until crackpot politicians started sticking their thumb in Putin’s eye at every opportunity; until they decided that that they didn’t have to pay their bills anymore because, well, because Washington told them not to pay their bills. That’s why.
Ukraine is in the mess it’s in today for one reason, because they decided to follow Washington’s advice and shoot themselves in both feet. Their leaders thought that was a good idea. So now the country is broken, penniless and riven by social unrest. Regrettably, there’s no cure for stupidity.
The neocon geniuses apparently believe that if they sabotage Southstream and nail down 49 percent ownership of Ukraine’s pipeline infrastructure, then the vast majority of Russian gas will have to flow through Ukrainian pipelines. They think that this will give them greater control over Moscow. But there’s a glitch to this plan which analyst Jeffrey Mankoff pointed out in an article titled “Can Ukraine Use Its Gas Pipelines to Threaten Russia?”. Here’s what he said:
“The biggest problem with this approach is a cut in gas supplies creates real risks for the European economy… In fact, Kyiv’s efforts to siphon off Russian gas destined to Europe to offset the impact of a Russian cutoff in January 2009 provide a window onto why manipulating gas supplies is a risky strategy for Ukraine. Moscow responded to the siphoning by halting all gas sales through Ukraine for a couple of weeks, leaving much of eastern and southern Europe literally out in the cold. European leaders reacted angrily, blaming both Moscow and Kyiv for the disruption and demanding that they sort out their problems. While the EU response would likely be somewhat more sympathetic to Ukraine today, Kyiv’s very vulnerability and need for outside financial support makes incurring European anger by manipulating gas supplies very risky.” (Can Ukraine Use Its Gas Pipelines to Threaten Russia, two paragraphs)
The funny thing about gas is that, when you stop paying the bills, they turn the heat off. Is that hard to understand?
So, yes, the State Department crystal-gazers and their corporate-racketeer friends might think they have Putin by the shorthairs by buying up Ukraine’s pipelines, but the guy who owns the gas (Gazprom) is still in the drivers seat. And he’s going to do what’s in the best interests of himself and his shareholders. Someone should explain to John Kerry that that’s just how capitalism works.
Washington’s policy in Ukraine is such a mess, it really makes one wonder about the competence of the people who come up with these wacko ideas. Did the brainiacs who concocted this plan really think they’d be able to set up camp between two major trading partners, turn off the gas, reduce a vital transit country into an Iraq-type basketcase, and start calling the shots for everyone in the region?
Europe and Russia are a perfect fit. Europe needs gas to heat its homes and run its machinery. Russia has gas to sell and needs the money to strengthen its economy. It’s a win-win situation. What Europe and Russia don’t need is the United States. In fact, the US is the problem. As long as US meddling persists, there’s going to be social unrest, division, and war. It’s that simple. So the goal should be to undermine Washington’s ability to conduct these destabilizing operations and force US policymakers to mind their own freaking business. That means there should be a concerted effort to abandon the dollar, ditch US Treasuries, jettison the petrodollar system, and force the US to become a responsible citizen that complies with International law.
It won’t happen overnight, but it will happen, mainly because everyone is sick and tired of all the troublemaking.
The epidemic of stupidity in the USA has risen to new heights with the widespread public, political and media support for the tens of thousands of illegal immigrants from Central America invading the country from Mexico. Those protesting the way the government is behaving are being attacked.
The narrative goes like this: Oh those poor children and mothers escaping incredibly awful conditions want nothing more than a decent life in the USA, and why not? After all we are a nation of immigrants. How could we deny giving these suffering kids and mothers a place in our nation? Never mind the legitimate sanctity of our borders.
A sure sign of disgraceful and all too frequent media bias is use of the terms “migrants” and “undocumented immigrants” instead of illegal immigrants.
But here is where the real stupidity comes in. What could amount to from 50,000 to 100,000 of these illegal immigrants crashing into our nation at considerable expense is nothing compared to the many millions of kids and mothers in many places globally also suffering admittedly terrible conditions. What about all those in Africa, the Middle East and the desperately poor in India, for example? Sadly, in all too many places, children with or without their parents are plagued by disease, violence, starvation, exploitation and abandonment.
So it is rational to ask: What if millions of people, both parents and children, seeking nothing more than a better life in the USA were to make it across any of our borders? Should we not also let them come in and stay? Are those from a few Central American countries intrinsically deserving of better treatment? Are some illegal immigrants more deserving than others?
Can any nation maintain sovereign self respect and ensure its own economic future by allowing huge numbers of illegal immigrants to enter and stay in its country? I say absolutely NO!
I want to see a nationwide grassroots uprising that vigorously protests what is now happening. More Americans need to envision a lifeboat that sinks into the ocean because more and more floundering, desperate people beg to be let into the lifeboat and the idiots already in the lifeboat acquiesce. So they all sink and perish. Welcome to Lifeboat America.
Here is an idea for the insanely barbaric Islamic radicals filled with hatred for the USA: Start to replace your many ideas on how to use violence to defeat the USA with plans to ship suffering kids and mothers by any means across any of our borders. Think big. Think in terms of sending a few million sufferers to the USA. Get them on boats and airplanes. Don’t use explosives on airplanes. Use the worst off kids and mothers instead. Finance their transport to the USA. Then sit back and watch Lifeboat USA sink.
Wake up Americans. This illegal immigration situation is not about compassion and humanitarian assistance. It is sheer illogical stupidity. If we do not rationally and intelligently control illegal immigration, we have no future for most Americans. Our political system is clearly dysfunctional. Too many politicians seek an advantage by being illegal immigrant friendly; too many people in the business sector want to ensure low cost labor.
We cannot expect immediate rational action from the two-party duopoly and greed driven oligarchy. Not unless many millions of Americans understand that illegal immigration is a life or death issue for the country they profess to love. A big picture, longer term perspective supports government policy that requires all new illegal immigrants be immediately sent back to their country of origin. Anything other than this creates widespread motivation in foreign countries and among those making money from transporting illegal immigrants to keep sending more and more illegal immigrants across our borders. What would stop this madness? The longer it goes on, the more difficult it becomes to stop it.
July 4th has been the national birth date since the inception of the country. Americans want to celebrate past glories because there are few reasons to believe that the current government or society is worthy of rejoicing. Deifying the Founding Fathers and their wisdom usually is rooted upon the construction of a constitution based on separations of powers and shared authorities with individual states. Lost in this commemoration is the concept of true and lasting independence.
After a heated ratification process, Rhode Island on May 29, 1790, became the last of the 13th original colonies to approve constitutional central authority dominance. The years between 1787 and 1790 witnessed a betrayal of the American Revolution with that confirmation. In government schools, students taught that the Articles of Confederation was a failure, began their indoctrination into the cult of jingoist Federal Government Nationalism. Like most history, the version that becomes fact is the one written by the victor.
The undeniable reality of writing a constitution that provided exclusive powers over state governments creates a supreme national government, while destroying any effective restrictions upon the inevitable accumulation of absolute power. Bill of Right protections and the concept of “Federalism” are mere hollow promises when special esquire privileged “bar association” lawyers purport to possess the predominant right to determine and judge what the common law means.
The inevitability of a decent into despotism, built into the structure of Article VI, Paragraph 2 of the U.S. Constitution, commonly referred to as the Supremacy Clause, has proven true. It establishes that the federal constitution and federal law generally, take precedence over state laws, and even state constitutions.
Insatiable appetites and lust for power marks the ascendency of legislative, bureaucratic and judicial careers throughout the three branches of central government. Incrementalism and deception has evolved into open defiance and unfettered arrogance. The political class pretends that partisan parties actually offer loyal opposition, when both are camouflaged versions of the same vermin. As likely that cockroaches will inherit the earth, it is more certain that parasitic politicians steal the hopes and dreams of citizens, while destroying any chance for the common-man to have a future worth living.
That is the actual political system, which exists and so many ignorant citizens revere. Facing the truth is so horrible, that most citizens refuse to deal with reality, and go to extraordinary lengths to maintain their cognitive dissident illusions. Even with the imminent collapse of society staring frightfully before the targets for social and economic elimination, the sheeple cling to their blindness and stupidity.
How may unnecessary and futile wars need waging before the eternal wisdom of George Washington’s non-interventionism becomes our enduring policy and entangling alliances avoided, as capsulated in his Farewell Address? For this country to endure a genuine Republic, needs to be established and the imperial empire must cease to exist.
Independence means exactly the intent of the concept – the exercise of self-government, and sovereignty, over a territory. The Disunited States of America is no longer a functioning society, much less a legitimate authority. Substituting governance for self-determination is not the same as championing a Democracy. The mob is no lawful or righteous replacement for individual inherent autonomy. Yet the establishment tyrants continue to sell their neo-feudalism as a cradle to grave paradise to a gullible public.
Assuredly, to partake in the rape of our crumbling institutions, the invading barbarian hordes cross an open border, while our self-anointed national leaders ignore the vast public sentiment that cries out for territorial integrity. National survival has no place in the globalist ordained North American Union. So much for American Independence . . . as the country is systematically destroyed.
Be that as it may, the alternative of secession from a decaying union is deemed as the ultimate sin against the ruling elites. Even a causal mention, of the War of Northern Aggression, gets the Statists in the District of Criminals in a panic, since the sovereign citizen is the most feared “terrorist” on the planet.
Without the effective ability to leave a dysfunctional, prohibitive and illegal authority, the quest of creating a social structure based upon liberty is impossible. Waging war for independence is the essence of the struggle that produced victory over European dynasty domination. Today, the ability to combat armed revolution is unrealistic. The forces of globalism rule over America and the beggary of politicians to sustain their careers is only surpassed by their evil deeds enacted by legislation, regulation or executive orders.
The Reign of Terror that permeates all levels of governance is the greatest achievement of international finance that commands governments and holds subjects in bondage. The eradication of national sovereignty is a central objective for all regimes, but especially for America.The retention of that imperfect Bill of Right codification is an existential peril for the forces imposing their global gulag on the throngs of all humanity. How then can an independent civilization survive when the immense elements of the prevailing establishment work their entire lives to destroy the principles and canons of individual natural law?
A tranquilized fog has sapped life’s vital aptitude and innate abilities from most people. Yes, those “Precious Bodily Fluids” sucked from your body, as the media indoctrinates their ecumenical propaganda and the Satanic “PC” culture, seeks to destroy your soul.
Looking to the average guy on the block for responsible citizenship is one windmill that has no breeze to turn much less a gale force that could tip the balance of power. The death of independence is a tragic certainty as long as men and women of good will escape from facing up to their responsibility to confront the established order of ruling psychopaths. The consequence for inaction is that the sociopath society will expand the zombification of the public into a digenetic playhouse of horrors.
Facts confuse most people, so the simple bliss of oblivion is the most preferable state of mind. For the defenders of the coercive governing and absurd system, look no further than the mirror in your personal hell to see the face of evil.
Human nature is acting out its most vial offenses that have an end game of planetary extinction. As the Luciferian elites want to party with Aleister Crowley, the “community of nations” leaders, conduct administrative séances among their advisors on how to ratchet up the next stage of totalitarian authoritarianism.
What was the American Revolution all about if not to live in a social order where free persons could exercise their faith and live decent lives? The Meaning of Independence Day essay, and the article, Independence Day for Whom?, along with the column, End of Independence Day offers a sound and sober assessment on this essential topic.
Where can there be any rational optimism as the public picnics with family, relatives and friends on the 4th of July? Relaxation and distractions from the difficult burdens of daily life is a luxury that this country can no long afford. In order for Independence Day to attain any semblance of meaning, gatherings need to abandon the social niceties and start acting like “Sons of Liberty”.
If you are unwilling to take your own life seriously, at what point and what will it take to grow a set of gonads? All politics is local may better be stated that all politics starts with your local jurisdiction. The governmental system responds to pressure. Without the weight of civic force opposition, the “so called” officials will simply continue their extortion crime racket.
Patriots of 1776 confronted the Loyalists of the Crown. Today’s Tories defend the establishment and target Tea Party supporters as traitors. By only the utmost twist of absurdity and deceit could any honest civil libertarian condone the oppressive practices of the corrupt governance that has replaced “government of the people, by the people, for the people”. When Abraham Lincoln uttered those fateful words, the “politically correct” world praised his vision. How few actually understand that the foremost betrayer of original intend behind the Republic, shattered the very motivation for the American Revolution.
Well, just look at the tyrannical oligarchy that developed out of Lincoln’s precious union. Any governmental body that strays from the Jeffersonian principles in the Declaration of Independence is a traitor to our traditions and heritage.
Boycott commercial relations and companies that pledge their allegiance to the imperial empire. Vow to engage in civil disobedience at every opportunity to challenge and overload the dictatorial agencies that constantly act as if they were above the law. Express your free speech First Amendment rights in every venue that provides the opportunity. Rebel against arbitrary and illicit governmental fiats and challenge any violation of basic and universal protections. Encourage a culture of dissent and individualism. Practice sedition when despotism becomes the operative governmental conduct.
When the State relinquishes any moral claim and acts as a tyrant, the only virtuous course of conduct is to refuse consent of compliance. Righteousness and honor is more important than living in fear from governmental reprisals. Achieving and adhering to American independence is the prime purpose of any government jurisdiction and is the only way to earn the fidelity of citizens. As circumstances now exist, the death of independence is at our doorstep.
Central banks have shifted into stocks and are buying up everything that isn’t bolted to the floor.
That’s the gist of the story that breathlessly appeared in the Financial Times about a week ago and swept across the blogosphere like a Santa Anna brushfire. And there’s some truth to it too, if taken with a large grain of salt. Here’s a clip from the Omfif’s report the FT’s cites in the article:
“A cluster of central banking investors has become major players on world equity markets,” says a report to be published this week by the Official Monetary and Financial Institutions Forum (Omfif), a central bank research and advisory group. The trend “could potentially contribute to overheated asset prices”, it warns.” (Financial Times)
So, there you have it; stocks are rising, central banks are buying stocks like mad, therefore, central banks are driving the market. That’s all there is to it, right?
And we’re not talking chump change here either. According to the Omfif”s press release “global central banks and public sector institutions now account for an eye-watering “$29.1tn worth of investments … in 162 countries.”
Hmm. It’s easy to read that statement and assume that central banks have purchased $29 trillion in stocks, isn’t it? That’s what the folks over at Zero Hedge did. Check out the headline they ran shortly after the story appeared in the FT: “Cluster Of Central Banks” Have Secretly Invested $29 Trillion In The Market” (Zero Hedge)
But that’s not what the press release says, is it? It says “global central banks and public sector institutions”. There’s a big difference between the stocks a bank buys and all the investments in public pension funds, 401Ks, sovereign wealth funds etc. A huge difference. It looks like someone might be engaging in a bit of fear-mongering to get a rise out of readers.
That’s not to downplay the fact that CB’s are distorting prices by playing the market. They are. No one disputes that. Just like no one disputes that central banks should limit their activities to doing their job, which is maintaining price stability. (We’re deliberately omitting “full employment” since the Fed thinks it’s a big joke anyway.) But, hey, everyone knows these guys are a dodgy lot to begin with, so it’s hard to get whipped up into a lather every time they get caught in some new flimflam. Besides CB stock purchases are likely insignificant compared to corporate stock buybacks which are presently just-south of $600 billion per year. CB stock purchases are no where near that, regardless of what you read at Zero Hedge. Check this out in the Wall Street Journal:
“Last year, the corporations in the Russell 3000, a broad U.S. stock index, repurchased $567.6 billion worth of their own shares—a 21% increase over 2012, calculates Rob Leiphart, an analyst at Birinyi Associates, a research firm in Westport, Conn. That brings total buybacks since the beginning of 2005 to $4.21 trillion—or nearly one-fifth of the total value of all U.S. stocks today.” (Will Stock Buybacks Bite Back?, Wall Street Journal)
Yikes. “$4.21 trillion”! Now that’s what you call froth.
Anyway, the reason CBs are buying equities is to hedge their losses on the mountain of low-yielding bonds they purchased in their effort to recapitalize the insolvent banking system. They’re already taking it in the shorts for an estimated $250 billion per year, and when rates start marching upward, (as they inevitably will) they’re going to be bleeding red ink from both eyeballs. That’s why they want to diversify their portfolio; to staunch the hemorrhaging. Even so, the whole matter looks shabby and underhanded, which of course it is. It also calls into question present stock valuations which have been soaring with the zero rates, QE and positive earnings reports, the trifecta which pushes equities into the stratosphere regardless of the shitty condition of the underlying “real” economy. So–just like everyone else–the banks want to get on the winning side of the trade. But what a firestorm they’ve set off with these latest shenanigans! Here’s a sample of the outrage you’ll find on the Internet. This is from a Bill Bonner article titled “Proof the Stock Market Is Being Rigged”:
“We are still reeling.
Yesterday, we reported that central banks are major buyers of stocks…
We hardly know where to begin…
Outraged, we sputter and spit… we search for words… we look for metaphors and narratives… anything that will put this extraordinary situation in the right light…
Ah yes… central banks create new money… it gets passed around the financial community in many ways… and ultimately ends up in the equity markets…
In short, a grand slam of deceit. The World Series of financial catastrophe will follow. But that could be a long way off.” (Proof the Stock Market Is Being Rigged, Bonner and Partners)
“A grand slam of deceit”?
Fair enough. A little hyperbolic, but that’s to be expected, right? But, c’mon now, given the long list of scandals in the last few years–High-Frequency Trading (HFT), “toxic” mortgage-backed securities, Libor, London Whale, Robo-signing, structured finance, Madoff etc etc–it’s hard not to be little blasé about the whole deal, isn’t it? I’m not sure where Bonner’s been, but if you were to ask Joe Blow on the street, whether he thought the “market was rigged or not”, he’d undoubtedly nod his head affirmatively as if it was the most obvious thing in the world. Because it is the most obvious thing in the world. Heidi Moore summed it up pretty well in a recent article at the Gurdian. She said:
“Most Americans don’t think much about the stock market, and that’s just fine with Wall Street. Because once you wake up to how screwed up the stock market really is, the financial industry knows you’re likely to get very nervous and take your money out.
Many are catching on: between 2007 and 2014, investors pulled $345bn from the stock market. E-Trades are down and worries are up, with 73% of Americans still not inclined to buy stocks, five years after the financial crisis…
Let’s get one thing straight: Investor confidence is not the problem. The screwed-up stock market is the problem. It’s time to break down the polite fiction that investing in the stock market is something that sane, rational, sensible people do. It is a high-risk contact sport for your money…
The US stock market depends entirely on the ignorance of regular people who are supposed to just shovel their money into retirement funds and 401(k)s, pay a whopping one-third of your retirement in fees to high-priced managers, and never whisper a complaint.
It’s a wonder that anyone (trusts the market) at all.” (Wall Street and Washington want you to believe the stock market isn’t rigged. Guess what? It still is, Heidi Moore, Guardian)
The market is totally rigged from stem to stern, which is why it is so hard to feign outrage at this latest sign of corruption. It’s just par for the course. What we found more interesting, was the OMFIF’s contention that the experimental monetary policies, the centrals banks initiated to deal with the Financial Crisis, have changed the system to what the author calls “state capitalism”.
“Whether or not this trend is a good thing”, he opines, “may be open to question. What is incontestable is that it has happened”.
While you can’t expect the media to cover something like this, it’s certainly worth mulling over. The fact is, CBs have taken over economic policy altogether. They’re running the whole shooting match. The various congresses and parliaments across the western world now merely act as a rubber stamp for the austerity measures demanded by their corporate bosses. Fiscal policy is a dead letter in the US, Japan, Australia, Canada, UK and the Eurozone. Everywhere the bank cartel has extended it’s grip, fiscal policy has been jettisoned altogether. It’s bailouts and lavish subsidies for the 1 percenters and belt-tightening, shock therapy for everyone else. Isn’t that how it works? State Capitalism isn’t a conspiracy theory. It’s just class warfare taken to the next level. Check this out from Dave Marsh at Marketwatch:
“Central banks’ foreign-exchange reserves have grown unprecedentedly fast, especially in the developing world. The same authorities that are responsible for maintaining financial stability are often the owners of the large funds that add to liquidity in many markets…
Evidence of an increase in equity-buying by central banks and other public-sector investors has emerged from a survey of publicly owned or managed investments compiled by the Official Monetary and Financial Institutions Forum (OMFIF)… There are worries that central banks may be over-stretching themselves by operating in too many areas.
Jens Weidmann, president of Germany’s Bundesbank — spoke yearningly last week of the need for “central banks to shed their role as decision-makers of last resort and, thus, to return to their normal business.”
He said this “would help to preserve the independence of central banks, which is a key precondition to maintaining price stability in the long run.” (Central banks becoming major investors in stock markets, Dave Marsh, Marketwatch)
You might want to read that first part over again to savor what the author is saying. Here it is: “The same authorities that are responsible for maintaining financial stability are often the owners of the large funds that add to liquidity in many markets.”
That’s what you call corruption with a capital “C”. But then the author does a 180 and waxes-on about “preserving the independence of central banks, which is a key precondition to maintaining price stability in the long run.”
Right. The whole independence thing is a big joke. Why would anyone in their right mind bestow such extraordinary powers (“independence”) on a group of voracious, cutthroat bankers who have repeatedly shown that they can’t be trusted?
It’s insanity. This latest outrage just proves that the central bank system needs to be either reformed or terminated. Preferably, terminated.
There’s something that doesn’t ring-true about the coverage of crisis in Iraq. Maybe it’s the way the media reiterates the same, tedious storyline over and over again with only the slightest changes in the narrative. For example, I was reading an article in the Financial Times by Council on Foreign Relations president, Richard Haass, where he says that Maliki’s military forces in Mosul “melted away”. Interestingly, the Haass op-ed was followed by a piece by David Gardener who used almost the very same language. He said the “army melts away.” So, I decided to thumb through the news a bit and see how many other journalists were stung by the “melted away” bug. And, as it happens, there were quite a few, including Politico, NBC News, News Sentinel, Global Post, the National Interest, ABC News etc. Now, the only way an unusual expression like that would pop up with such frequency would be if the authors were getting their talking points from a central authority. (which they probably do.) But the effect, of course, is the exact opposite than what the authors intend, that is, these cookie cutter stories leave readers scratching their heads and feeling like something fishy is going on.
And something fishy IS going on. The whole fable about 1,500 jihadis scaring the pants off 30,000 Iraqi security guards to the point where they threw away their rifles, changed their clothes and headed for the hills, is just not believable. I don’t know what happened in Mosul, but, I’ll tell you one thing, it wasn’t that. That story just doesn’t pass the smell test.
And what happened in Mosul matters too, because nearly every journalist and pundit in the MSM is using the story to discredit Maliki and suggest that maybe Iraq would be better off without him. Haass says that it shows that the army’s “allegiance to the government is paper thin”. Gardener says its a sign of “a fast failing state.” Other op-ed writers like Nicolas Kristof attack Maliki for other reasons, like being too sectarian. Here’s Kristof:
“The debacle in Iraq isn’t President Obama’s fault. It’s not the Republicans’ fault. Both bear some responsibility, but, overwhelmingly, it’s the fault of the Iraqi prime minister, Nouri Kamal al-Maliki.”
Of course, Kristof is no match for the imperial mouthpiece, Tom Friedman. When it comes to pure boneheaded bluster, Friedman is still numero uno. Here’s how the jowly pundit summed it up in an article in the Sunday Times titled “Five Principles for Iraq”:
“Iraq’s Shiite prime minister, Nuri Kamal al-Maliki, has proved himself not to be a friend of a democratic, pluralistic Iraq either. From Day 1, he has used his office to install Shiites in key security posts, drive out Sunni politicians and generals and direct money to Shiite communities. In a word, Maliki has been a total jerk. Besides being prime minister, he made himself acting minister of defense, minister of the interior and national security adviser, and his cronies also control the Central Bank and the Finance Ministry.
Maliki had a choice — to rule in a sectarian way or in an inclusive way — and he chose sectarianism. We owe him nothing.” (Five Principles for Iraq, Tom Freidman, New York Times)
Leave it to Friedman, eh? In other words, the reason Iraq is such a mess, has nothing to do with the invasion, the occupation, the death squads, Abu Ghraib, the Salvador Option, the decimated infrastructure, the polluted environment, or the vicious sectarian war the US ignited with its demented counterinsurgency program. Oh, no. The reason Iraq is a basketcase is because Maliki is a jerk. Maliki is sectarian. Bad Maliki.
Sound familiar? Putin last week. Maliki this week. Who’s next?
In any event, there is a rational explanation for what happened in Mosul although I cannot verify its authenticity. Check out this post at Syria Perspectives blog:
“…the Iraqi Ba’ath Party’s primary theoretician and Saddam’s right-hand man, ‘Izzaat Ibraaheem Al-Douri, himself a native of Mosul…was searching out allies in a very hostile post-Saddam Iraq … Still on the run and wanted for execution by the Al-Maliki government, Al-Douri still controlled a vast network of Iraqi Sunni Ba’athists who operated in a manner similar to the old Odessa organization that helped escaped Nazis after WWII … he did not have the support structure needed to oust Al-Maliki, so, he found an odd alliance in ISIS through the offices of Erdoghan and Bandar. Our readers should note that the taking of Mosul was accomplished by former Iraqi Ba’athist officers suspiciously abandoning their posts and leaving a 52,000 man military force without any leadership thereby forcing a complete collapse of the city’s defenses. The planning and collaboration cannot be coincidental.” (THE INNER CORE OF ISIS – THE INVASIVE SPECIES, Ziad Fadel, Syrian Perspectives)
I’ve read variations of this same explanation on other blogs, but I have no way of knowing whether they’re true or not. But what I do know, is that it’s a heckuva a lot more believable than the other explanation mainly because it provides enough background and detail to make the scenario seem plausible. The official version–the “melts away” version– doesn’t do that at all. It just lays out this big bogus story expecting people to believe it on faith alone. Why? Because it appeared in all the papers?
That seems like a particularly bad reason for believing anything.
And the “army melting away” story is just one of many inconsistencies in the official media version of events. Another puzzler is why Obama allowed the jihadis to rampage across Iraq without lifting a finger to help. Does that strike anyone else as a bit odd?
When was the last time an acting president failed to respond immediately and forcefully to a similar act of aggression?
Never. The US always responds. And the pattern is always the same. “Stop what you are doing now or we’re going to bomb you to smithereens.” Isn’t that the typical response?
Sure it is. But Obama delivered no such threat this time. Instead, he’s qualified his support for al-Maliki saying that the beleaguered president must “begin accommodating Sunni participation in his government” before the US will lend a hand. What kind of lame response is that? Check out this blurb from MNI News:
“President Barack Obama Friday warned Iraqi Prime Minister Nouri al-Maliki that the United States wants him to begin accommodating Sunni participation in his government, or see the United States withhold the help he needs, short of U.S. troops on the ground, to ward off an attack on Baghdad.
Obama added the emphasis of an appearance before TV cameras to his midday message, that while he will be considering options for some military intervention in the days ahead, the next move is up to Maliki.”
(Obama Warns Iraq’s Maliki,Looking for Sunni-Shia Accommodation, MNI)
Have you ever read such nonsense in your life? Imagine if , let’s say, the jihadi hordes had gathered just 50 miles outside of London and were threatening to invade at any minute. Do you think Obama would deliver the same message to UK Prime Minister David Cameron?
“Gee, Dave, we’d really like to help out, but you need to put a couple of these guys in your government first. Would that be okay, Dave? Just think of it as affirmative action for terrorists.”
It might sound crazy, but that’s what Obama wants Maliki to do. So, what’s going on here? Why is Obama delivering ultimatums when he should be helping out? Could it be that Obama has a different agenda than Maliki’s and that the present situation actually works to his benefit?
It sure looks that way. Just take a look at what Friedman says further on in the same article. It helps to clarify the point. He says:
“Maybe Iran, and its wily Revolutionary Guards Quds Force commander, Gen. Qassem Suleimani, aren’t so smart after all. It was Iran that armed its Iraqi Shiite allies with the specially shaped bombs that killed and wounded many American soldiers. Iran wanted us out. It was Iran that pressured Maliki into not signing an agreement with the U.S. to give our troops legal cover to stay in Iraq. Iran wanted to be the regional hegemon. Well, Suleimani: “This Bud’s for you.” Now your forces are overextended in Syria, Lebanon and Iraq, and ours are back home. Have a nice day.” (5 Principles for Iraq, Tom Friedman, New York Times)
Interesting, eh? Friedman basically admits that this whole fiasco is about Iran who turned out to be the biggest winner in the Iraq War sweepstakes. Naturally, that pisses off people in Washington, Tel Aviv and Riyadh to no end, so they’ve cooked up this goofy plan to either remove Maliki altogether or significantly trim his wings. Isn’t that what’s going on? And that’s why Obama is holding a gun to Maliki’s head and telling him what hoops he has to jump through in order to get US help. Because he’s determined to weaken Iran’s hegemonic grip on Baghdad.
Friedman also notes the Status of Forces agreement which would have allowed U.S. troops to stay in Iraq. Al Maliki rejected the deal which enraged Washington setting the stage for this latest terrorist farce. Obama intends to reverse that decision by hook or crook. This is just the way Washington does business, by twisting arms and breaking legs. Everybody knows this.
To understand what’s going on today in Iraq, we need to know a little history. In 2002, The Bush administration commissioned the Rand Corporation “to develop a Shaping Strategy for pacifying Muslim populations where the US has commercial or strategic interests.” The plan they came up with–which was called “US Strategy in the Muslim World after 9-11”– recommended that the US, “Align its policy with Shiite groups who aspire to have more participation in government and greater freedoms of political and religious expression. If this alignment can be brought about, it could erect a barrier against radical Islamic movements and may create a foundation for a stable U.S. position in the Middle East.”
The Bushies decided to follow this wacky plan which proved to be a huge tactical error. By throwing their weight behind the Shia, they triggered a massive Sunni rebellion that initiated as many as 100 attacks per day on US soldiers. That, in turn, led to a savage US counterinsurgency that wound up killing tens of thousands of Sunnis while reducing much of the country to ruins. Petraeus’ vicious onslaught was concealed behind the misleading PR smokescreen of sectarian civil war. It was actually a genocidal war against the people who Obama now tacitly supports in Mosul and Tikrit.
So there’s been a huge change of policy, right? And the fact that the US has taken a hands-off approach to Isis suggests that the Obama administration has abandoned the Rand strategy altogether and is looking for ways to support Sunni-led groups in their effort to topple the Al Assad regime in Damascus, weaken Hezbollah, and curtail Iran’s power in the region. While the strategy is ruthless and despicable, at least it makes sense in the perverted logic of imperial expansion, which the Rand plan never did.
What is happening in Iraq today was anticipated in a 2007 Seymour Hersh article titled “The Redirection.” Author Tony Cartalucci gives a great summary of the piece in his own article. He says:
“The Redirection,” documents…US, Saudi, and Israeli intentions to create and deploy sectarian extremists region-wide to confront Iran, Syria, and Hezbollah in Lebanon. Hersh would note that these “sectarian extremists” were either tied to Al Qaeda, or Al Qaeda itself. The ISIS army moving toward Baghdad is the final manifestation of this conspiracy, a standing army operating with impunity, threatening to topple the Syrian government, purge pro-Iranian forces in Iraq, and even threatening Iran itself by building a bridge from Al Qaeda’s NATO safe havens in Turkey, across northern Iraq, and up to Iran’s borders directly…
It is a defacto re-invasion of Iraq by Western interests – but this time without Western forces directly participating – rather a proxy force the West is desperately attempting to disavow any knowledge of or any connection to.” (America’s Covert Re-Invasion of Iraq, Tony Cartalucci, Information Clearinghouse)
So, now we’re getting to the crux of the matter, right? Now we should be able to identify the policy that is guiding events. What we know for sure is that the US wants to break Iran’s grip on Iraq. But how do they plan to achieve that; that’s the question?
Well, they could use their old friends the Baathists who they’ve been in touch with since 2007. That might work. But then they’d have to add a few jihadis to the mix to make it look believable.
Okay. But does that mean that Obama is actively supporting Isis?
No, not necessarily. Isis is already connected to other Intel agencies and might not need direct support from the US. (Note: Many analysts have stated that the Islamic State of Iraq and al-Sham (ISIS) receives generous donations from Saudi Arabia and Qatar, both of whom are staunch US allies. According to London’s Daily Express: “through allies such as Saudi Arabia and Qatar, the West (has) supported militant rebel groups which have since mutated into ISIS and other al‑Qaeda connected militias. ( Daily Telegraph, June 12, 2014)
What’s important as far as Obama is concerned, is that the strategic objectives of Isis and those of the United States coincide. Both entities seek greater political representation for Sunnis, both want to minimize Iranian influence in Iraq, and both support a soft partition plan that former president of the Council on Foreign Relations, Leslie H. Gelb, called “The only viable strategy to correct (Iraq ‘s) historical defect and move in stages toward a three-state solution: Kurds in the north, Sunnis in the center and Shiites in the south.” This is why Obama hasn’t attacked the militia even though it has marched to within 50 miles of Baghdad. It’s because the US benefits from these developments.
Does the US Government “support” or “not support” terrorism depending on the situation?
Have foreign Intel agencies supplied terrorist organizations in Syria with weapons and logistical support?
Has the CIA?
Has the Obama administration signaled that they would like to get rid of al Maliki or greatly reduce his power?
Is this because they think the present arrangement strengthens Iran’s regional influence?
Will Isis invade Baghdad?
No. (This is just a guess, but I expect that something has been already worked out between the Obama team and the Baathist leaders. If Baghdad was really in danger, Obama would probably be acting with greater earnestness.)
Will Syria and Iraq be partitioned?
Is Isis a CIA creation?
No. According to Ziad Fadel, “ISIS is the creation of the one man who played Alqaeda like a yo-yo. Bandar bin Sultan.”
Does Isis take orders from Washington or the CIA?
Probably not, although their actions appear to coincide with US strategic objectives. (which is the point!)
Is Obama’s reluctance to launch an attack on Isis indicate that he wants to diminish Iran’s power in Iraq, redraw the map of the Middle East, and create politically powerless regions run by warlords and tribal leaders?
Yes, yes and yes.
While staying here in Damascus, I have heard the same thing said again and again from a whole array of sources, including foreign journalists, Syrian citizens and even Christian nuns. “This war on Syria is being fought by Al Qaeda operatives, fanatic Islamist jihadis, foreign fighters, terrorists and mercenaries for hire. And they are being financed by American money and given American weapons.” Yikes!
What this means to me personally is that my very own head (which I have actually become quite attached to) could possibly be blown off at any minute by fanatics and/or weapons bought and paid for by my very own tax dollars. Now that is a really confusing thought.
“War by proxy” is becoming a more and more frequently-used phrase here in Syria. The American military-industrial complex is now out-sourcing their war.
But, hey, that’s better than having American soldiers over here fighting and dying for Wall Street and War Street like they did in Iraq. Our soldiers’ jobs are being shipped overseas? That’s one example of outsourcing that is just fine by me.
Except, in the words of one local college professor I interviewed the other day, “We Syrians are fighting dirty enemies. This is a dirty war. The jihadists attack hospitals, power plants and schools. But the Syrian people are fighting back.” The professor also mentioned the discovery of vast new oil fields off the Syrian coast. And he found it ironic that the very first place that the jihadis, inquisionists, Taliban wannabes and Al Qaeda death squads attacked was in this oil-rich region. The original peaceful protests by Syrians themselves — before the Taliban wannabes arrived in force from overseas and turned Syria into a slaughterhouse — took place in Daraa, not in the oil fields. Hmmm.
“I also find it ironic that Americans are citing democracy as their primary reason for attacking Syria — while their biggest ally in this region is Saudi Arabia, a known dictatorship.” Not to mention the doubts that everyone has about American elections. Take Diebold for instance. And Florida and Ohio and that weird Supreme Court ruling that forced GWB down our throats. And voter ID cards and 92-year-old women turned away from the polls. But, hey, America is famous for exporting hypocrisy. Get over it, prof.
In Sweida, I talked with a young woman who spoke English and she said, “Living in Syria is like living in one of those Hollywood horror movies.” Slasher flicks. “These terrorists come here and they bomb our hospitals and schools, kill and rape women and children and even eat our flesh like cannibals. We Syrians just want this horror movie to stop.” And she was proud of Bashar Assad for standing up to these wannabe Freddy Kruegers. And most of the Syrians I have talked with feel the same way. “And you would too — if it happened to you.”
And it did happen to me too — sort of. I can hear the shelling outside Damascus going on night and day. Nerve-racking. I almost felt like a heroic citizen of London during the Blitz.
Syria’s president, Bashar Assad, has been playing the Great Game of political chess in this region like he is a grand master — and perhaps that’s why the American military-industrial complex hates him so much. But Syrians love him. They just do. It’s a Syrian thing. Remember what Maya Angelou said in “I know Why the Caged Bird Sings”? How she was being raped as a child and prayed for the Green Lantern to save her? Well President Assad, like it or not, is Syria’s Green Lantern.
Assad might have been a bit to enthusiastic in the past about suppressing dissidence. But please be aware that the inquisionist crazies and Al Qaeda freaks that have tried to invade Syria are so very much worse. Syrians weren’t totally behind Assad before the invasion — but they certainly are now, thanks to America’s military-industrial complex. Eisenhower warned us about the complex. He shoulda warned the Syrians too.
The only thing that I can truly fault Assad on presently are all those all-pervasive giant posters of him that you see everywhere — on buildings, in shops, on cars and buses, on T-shirts and even in elevators. Everywhere. He should stop doing that. He’s not just some Ken doll or even the next Brad Pitt. He’s a political genius who is trying save Syria from the bad guys. He should have understood by now that he has found a place in the hearts of the Syrians and just leave it at that.
PS: Observing the elections was fun. It was like attending a country-wide block party. Or, as Mother Agnes-Mariam said to me in an interview at the Dama Rose Hotel, “It would be impossible to coerce that many Syrians to vote out of fear. People actually went out from rebel-held territory to vote. Even the rebels voted.” So. Who are you going to believe about the authenticity of the Syrian elections? Mother Agnes-Mariam who said that they were valid — or Wall Street and War Street, who claim they were a fraud?
Are you going to believe the same people who lied to us about Iraq having weapons of mass destruction – or a mother-superior Christian nun?
PPS: In Homs, those nasty American-sponsored jihadists blew up a historic old Christian church — only to find an even older church lay buried under the newer church’s foundations. Built in 59 AD, this older church might actually been visited by the Apostles and Saint Paul himself. And these Taliban wannabes were happily trying to blow this older church up too. But apparently they got distracted by trying to break up the bones of some nearby Christian saints’ relics — and the old church was saved!
PPPS: I never did get to meet President Assad. “Apparently he has to keep his eye out for being assassinated by drones,” one journalist explained to me as to why Assad hadn’t come to the Dama Rose hotel. But still…I could have worn my cool “Berkeley High Water Polo Team” T-shirt that I had swiped from my daughter Ashley. I’m sure Assad would have been quite impressed.
On Thursday, European Central Bank chief Mario Draghi dropped rates on overnight deposits to minus 0.1% thereby charging commercial banks to keep their money at the ECB. The move, which was applauded by the media as a “historic measure to fight deflation”, is nothing of the kind. Negative rates have been used in both Sweden and Denmark in recent years, but to little effect. The policy will not “get the banks lending again” as the ECB suggests, nor will it ease the high unemployment and slow growth that have plagued the Eurozone for the last six years. In truth, the rate change will have no impact at all. It’s merely public relations stunt designed to create the impression that the ECB is aggressively addressing the crisis for which it is largely responsible. Here’s how the World Socialist Web Site summed it up:
“The move is an expression of the fact that, nearly six years since the collapse of Lehman Brothers, the world economy remains mired in deep crisis, for which the world’s central banks have no solution outside of pumping trillions into banks and financial firms. While trillions are handed out to the banks, workers throughout the continent are told that there is “no money” to pay for pensions, social programs, and healthcare benefits.” (European Central Bank cuts interest rate below zero, WSWS)
Stock traders loved the news that the ECB was going “sub zero”. As we’ve seen before, any indication that the easy money regime is here-to-stay is enough to send equities skyrocketing, which it did. All the main indices notched substantial gains on the day while the SandP 500 surged to a new record of 1,940.
The idea that charging the banks a small fee on overnight deposits will induce them to lend more freely, demonstrates a laughable misunderstanding of how the system really works. Banks don’t need piles of reserves to issue loans. What they need is creditworthy customers and strong demand. But, of course, demand is weak because the ECB has taken steps to keep the EU in a permanent state of Depression through its austerity policies. What this shows, is that the objectives of the class war precede the requirements for a healthy economy. Draghi and his cohorts would rather decimate the welfare state and reduce EU working people to abject poverty, then implement the policies that would generate a strong economic recovery.
But won’t the lower rates lead to more lending, you ask? After all, when the price of money falls, borrowing becomes more attractive, right?
It’s a persuasive theory, but it doesn’t work that way. For example, check out this blurb from Reuters and you’ll see what I mean:
“Lending to companies in the euro zone contracted at the fastest pace on record in November, piling pressure on the European Central Bank to do more to revive the currency bloc’s economy…
“Worryingly, there is still no sign of any trend change in bank lending to euro zone businesses…” said Howard Archer, chief European economist at IHS Economics…
Corporate borrowing in the euro zone overall declined at the fastest pace on record, November’s 3.9 percent drop comparing with a 3.8 percent decline on the year in the previous month.
Bank lending to Italian firms fell at an annual pace of 5.9 percent in November, the sharpest decline in the measure’s 10-year history. That was also true for the euro zone’s smallest economy, Malta, which recorded a 10.4 percent drop….The biggest decline was in Spain, where lending to companies fell 13.5 percent.” (Euro zone corporate lending shrinks at record pace in November, Reuters)
The reason bank lending saw “the sharpest decline in the measure’s 10-year history”, is because the economy is in a depression, and people don’t borrow tons of dough in a depression. They cut back, hunker down and squirrel-away whatever they can. Draghi knows this. He’s just going through the motions to make it look like he cares. It’s all PR. What he really cares about is his constituents, and what they want, is an end of the welfare state.
What’s so irritating about all of this, is that we know how fix the economy. We know how to increase activity. We know how to boost demand, create jobs, and raise GDP. None of this is new.
When the private sector (consumers and businesses) can’t spend for some reason, then the government has to step up and spend like crazy to keep the economy going. The only alternative is to allow consumption to fall sharply, which will push up unemployment, push down GDP and do vast damage to both the economy and financial system. Why would anyone want to do that, especially when all they have to do is increase the budget deficits temporarily while consumers patch their balance sheets and get back on their feet again?
Monetary policy has not and will not fix the economy. How many years are we going to repeat the same mistake before we acknowledge that? The whole presumption that this pointless, circle-jerk policy is designed to do anything other than provide another bailout for underwater, insolvent financial institutions and the crooked bank bondholders who own the whole friggin’ planet is laughable in the extreme. Check this out from Bloomberg:
“In a bid to get credit flowing to parts of the economy that need it, the ECB also opened a 400-billion-euro ($542 billion) liquidity channel tied to bank lending and officials will start work on an asset-purchase plan. While conceding that rates are at the lower bound “for all practical purposes,” he signaled the the ECB is willing to act again.” (Bloomberg)
So that’s what this is really all about, eh? Draghi is just laying the groundwork for a European version of QE?
Yep. Sure is. And that means another $542 billion will go to the chiseler class. Another $542 billion propping up crooked banks by purchasing their unwanted, toxic Asset-Backed Securities. (ABS) Do you think I’m kidding? I’m not. That’s what the money is earmarked for.
The point is, monetary policy alone will not produce a strong, self sustaining recovery, which is a point that Keynes makes in Chapter 12 of “The General Theory of Employment, Interest and Money”. Here’s what he says:
“For my own part I am now somewhat skeptical of the success of a merely monetary policy directed towards influencing the rate of interest. I expect to see the State, which is in a position to calculate the marginal efficiency of capital-goods on long views and on the basis of the general social advantage, taking an ever greater responsibility for directly organizing investment; since it seems likely that the fluctuations in the market estimation of the marginal efficiency of different types of capital, calculated on the principles I have described above, will be too great to be offset by any practicable changes in the rate of interest.” (John Maynard Keynes, “The General Theory of Employment, Interest and Money”, marxists.org, 2002)
Keynes is just stating the obvious, that during periods of weak demand, the sensible option is for the government to take up the slack by “directly organizing investment”, in other words, spending money to keep the economy running. Doesn’t that seem infinitely more reasonable than the Draghi approach which involves a decade of experimental monetary policy that ends in social upheaval, high unemployment, and political unrest?
And here’s the thing: Keynes “The General Theory” was published in 1936. That’s nearly 80 years ago! This isn’t some new-fangled theory concocted by pointy-head crackpots like Bernanke. This is settled science. Fiscal stimulus works. If the government spends, unemployment will drop. If the government spends, the economy will grow. What else do you need to know?
We’ve been hoeing this same row for 6 years now and the economy is still in the dumps. And, in the EU, it’s even worse. Youth unemployment is above 50 percent in Spain and Greece, GDP stuck at a miserable 0.2 percent, business and consumer lending still shrinking, bond yields on sovereign debt are in the toilet, civil disorder and fascism are on the rise, and with the entire 17-member union is rushing headlong into deflation.
And Draghi thinks that negative rates are going to fix all this and put the economy back on the road to recovery?
In your dreams! The only way out of a mess like this is to spend like a madman, which is what Keynes recommended in his famous statement about bottles stuffed with banknotes. Here’s what he said:
“If the Treasury were to fill old bottles with banknotes, bury them at suitable depths in disused coalmines which are then filled up to the surface with town rubbish, and leave it to private enterprise on well-tried principles of laissez-faire to dig the notes up again… there need be no more unemployment and, with the help of the repercussions, the real income of the community, and its capital wealth also, would probably become a good deal greater than it actually is. It would, indeed, be more sensible to build houses and the like; but if there are political and practical difficulties in the way of this, the above would be better than nothing.” (p. 129)
Okay, so it sounds crazy, but it’s really no different than Bernanke’s “helicopter drop” theory, that is, that –during a severe downturn–the government needs to find a way to stimulate demand. The best way to do that, is to avoid the normal transmission mechanisms (which don’t function properly during a slump) and get money directly into the hands of the people who will spend it quickly and get the economy growing again. It’s all about spending, spending, spending. It doesn’t matter if people buy Ipads or Ant Farms. Just spend, dammit. Spending is activity, activity is growth, growth reduces unemployment, which leads to more investment, more jobs and a virtuous circle.
If it seems to you, dear reader, that Keynes antidote for the ailing economy is more likely to succeed than Draghi’s, then you are certainly right. Massive doses of fiscal stimulus WILL revive the EU economy, lower unemployment, and boost growth. The question is whether that’s a goal the public should really support or not? In other words, is there any point in trying to restore a system which, at its very core, is unstable, self destructive and exploitative? Here’s how Counterpunch economics writer Rob Urie sums it up:
“John Maynard Keynes created a host of economic patch-jobs to save capitalism from more effective solutions. In the pit of the Great Depression FDR implemented programs based on Mr. Keynes’ ideas (which) produced minor relief now deemed by the economic insightful-lite to be a ‘robust’ economic recovery….. But the cause, leveraged (finance) capitalism gone wild, was only temporarily tamped down by regulation while its intrinsic instability was left intact…
Calls for re-regulation, managed capitalism, beg the question: re-regulate what? As demonstrated by history, the system of finance capitalism is intrinsically unstable and economically destabilizing. Under the guise of reviving a functioning financial system a dysfunctional system has been revivified, not revived, and nearly all benefits continue to accrue to a tiny economic elite.” (Financial Crises and Economic Depressions, Rob Urie, CounterPunch)
So, yeah, Keynes’ remedies will work. They’ll definitely get the economy up-and-running again and keep it sputtering-along until the next crisis. But why bother?
Why not just scrap the whole thing and move on to Plan B.
“Actually, as Winston well knew, it was only four years since Oceania had been at war with Eastasia and in alliance with Eurasia. But that was merely a piece of furtive knowledge, which he happened to possess because his memory was not satisfactorily under control. Officially the change of partners had never happened. Oceania was at war with Eurasia: therefore Oceania had always been at war with Eurasia. The enemy of the moment always represented absolute evil, and it followed that any past or future agreement with him was impossible…” – George Orwell, 1984
Nations, cultures and populations are best controlled through the use of false paradigms. This is a historically proven tactic exploited for centuries by oligarchs around the world. Under the Hegelian dialectic (the very foundation of the Marxist and collectivist ideology), one could summarize the trap of false paradigms as follows:
If (A) my idea of freedom conflicts with (B) your idea of freedom, then (C) neither of us can be free until everyone agrees to be a slave.
In other words: problem, reaction, solution. Two sides are pitted against each other in an engineered contest. Each side is led to believe that its position is the good and right position. Neither side questions the legitimacy of the conflict, because each side fears this will lead to ideological weakness and disunity.
The two sides go to war, sometimes economically, sometimes militarily. Both governments demand that individuals relinquish freedom, independence and self-reliance, a sacrifice that “must be made” so that victory can be achieved. In the end, neither nation nor society has truly won. The only winners are the oligarchs, who sing words of loyalty to their respective camps, while acting in league from the very beginning. The oligarchs, who never intended to target each other in the first place. Their target, their ONLY target, was the citizenry itself — the dumbfounded masses now mesmerized with shock, awe and terror.
The false paradigm method and the Hegelian dialectic are in full force today. Only a few years ago, Russia, China and the United States were considered close economic and political allies. Today, those alliances are being quickly scrapped in order to make room for conflict, a conflict useful only to a select international elite. As I have outlined in numerous articles, includingRussia Is Dominated By Global Banks, Too and False East/West Paradigm Hides The Rise Of Global Currency, when one looks beyond all the theatrical rhetoric being thrown around between Barack Obama and Vladimir Putin, the ultimate reality is that the relationship of both governments to the global banking elite is the same.
During both of Obama’s Presidential terms, he has flooded his cabinet with current and formeremployees of Goldman Sachs, a longtime proving ground for elitist financiers with globalist aspirations.
And who is the primary economic adviser to Vladimir Putin and the Russian state? WhyGoldman Sachs, of course!
U.S. and European elites have been calling for a centralization of economic power under the control of the International Monetary Fund, as a well as a new global currency.
Not surprisingly, Putin also wants a new global currency under the control of the IMF.
Obama is closely advised by globalists like Zbigniew Brzezinski, a member of the Council on Foreign Relations and cofounder of the Trilateral Commission, who in his book Between Two Ages: America’s Role In The Technetronic Era states:
“The nation-state is gradually yielding its sovereignty …[F]urther progress will require greater American sacrifices. More intensive efforts to shape a new world monetary structure will have to be undertaken, with some consequent risk to the present relatively favorable American position…”
“In the end, the political and economic systems can be harmonized in only one of two ways: by creating an international political regulatory system with the same reach as that of the economic world; or by shrinking the economic units to a size manageable by existing political structures, which is likely to lead to a new mercantilism, perhaps of regional units. A new Bretton Woods kind of global agreement is by far the preferable outcome…”
Both Kissinger and Brzezinski refer to this harmonized global economic and political structure as the “New World Order.” The fact that the political leaders of Russia and the United States are clearly being directed by such men should not be taken lightly.
China, too, has made demands for a restructuring of the global monetary system into acentralized currency basket under the dominance of the IMF.
China’s ties to the banking elite of London are well documented.
The call on both sides for a new monetary system and the end of the dollar as world reserve seems to greatly contradict the fantasy that the East and West are fundamentally at odds. The progression towards a world currency and/or economic governance also appears to be growing along with the consolidation of economic and military ties between Eastern nations. This would suggest that the rise of the East and the crippling of Western elements is actually advantageous to global bankers in the long term.
While disinformation agents and media shills have attempted to downplay any danger to the strength of America and the dollar, Eastern governments have been swiftly establishing alliances and decoupling from U.S. influence.
The historic 30-year Russia/China gas deal has, of course, been finalized. This deal is already eating up market space and influencing the way in which the energy trade traditionally behaves.
China and Russia have also expanded on their bilateral agreements made in 2010, which remove the dollar as the reserve currency in transactions between the two nations.
China’s thirst for gold continues, while the country is now building its own gold exchange to rival the U.S. Comex.
Russia has recently established what Putin calls the “Eurasian Economic Union,” a deal which includes Kazakhstan and Belarus, two countries that hold large, freshly discovered oil fields.
In response to the engineered conflict over Ukraine, as well as the “Asian-Pacific Pivot” by the U.S., China has openly called for a new security pact with Russia and Iran.
Let’s also not forget that China is set to surpass the U.S. as the world’s largest economy by 2016, according to the Organization for Economic Co-operation and Development (OECD).
While the rise of the East is being painted in Western circles as a threat to U.S. and NATO dominance, the bigger picture is being hidden from view. Yes, indeed, the consolidation of the East is a considerable threat to the dollar and the U.S. economy — most importantly in the event that China refuses to accept dollars as payment on exports and debts. With the world’s largest exporter/importer refusing to take dollars as a reserve, most nations will inevitably follow their lead. The argument against this development is, of course, that there is no rational trigger for such a violent fiscal attack. I would remind skeptics that there was no rational trigger for the current strengthened relations between Russia and China until the Ukraine crisis. Is anyone really foolish enough to bet against another direct or indirect conflict between NATO and the East? And is anyone really ignorant enough to assume that said event would not be used as an excuse to cut the legs out from under the dollar completely?
The New World Order players have positioned the East and West for just such a scenario. Why? In my article Who Is The New Secret Buyer Of U.S. Debt?, I give evidence indicating that the Bank of International Settlements and the IMF are preparing the financial world for a new global monetary system, brought into existence by a second Bretton Woods conference. The debasement of the dollar and the rise of the East are NOT obstacles to this plan. Rather, they are required factors. There can be no truly global economic system without “harmonization”, the demise of the dollar’s world reserve status, and the end of sovereign economic governance.
For those who doubt this scenario, read Paul Volcker’s latest statement, as reported by Zero Hedge.
Volcker, the same man who was directly involved in the destruction of the first Bretton Woods agreement and the final death rattle of the gold standard, is now promoting a NEW Bretton Woods-style agreement in which currencies are pegged to a controlled market system — in essence, a centralized international monetary system. Volcker also suggests that a single nation-based reserve currency like the dollar may be a danger to overall fiscal health.
Volcker is right. The dollar-dominated forex casino and fiat fraud is a danger to the world. Volcker helped make it that way! And what a surprise, the former Federal Reserve chairman has a solution on a silver platter for the American people — all we need is GLOBALcentralization and bureaucratic oversight.
The propaganda is being carefully planted within the mainstream. Christine Lagarde of the IMF now spends the whole of her media interviews inserting the phrase “global economic reset” without explaining exactly what that would entail, while central banking elites like Volcker suggest a Bretton Woods II conference leading to a global monetary authority. In the meantime, Russian government-funded media outlets like RT produce pieces accusing the U.S. of being a nuclear menace while we Americans get to watch manipulative Hollywood films like “Jack Ryan: Shadow Recruit,” which depicts a Russian plot to collapse the U.S. economy. China and U.S. representatives squabble with each other at geopolitical meetings fueling fears of diplomatic breakdown, while the Pentagon “suggests” they may have to revamp their military strategies in consideration of yet another World War. Just as in Orwell’s book, 1984, old enemies become allies and then enemies once again, and at the top of the pyramid, it’s all a farce.
The best lies contain elements of truth. The truth here is that the East is forming alliances in opposition to the West, the West is involved in underhanded covert operations all over the planet, and both “sides” are in fact on the verge of a catastrophic battle for supremacy. The great lie is that important details have been left out of our little story. Both sides are merely puppet pieces in a grand game of global chess, and any conflict will ultimately benefit the small group of men standing over the board. They include the international financiers who have influenced the very policy fabric of each government toward a climactic crisis which they hope will finally give them the “New World Order” they have always dreamed of.
Source: Brandon Smith | Alt-Market