The corporate media would have us believe that the nation is in the midst of an economic recovery.
In the shadow of the approaching mid-term elections, the president cites the number of jobs created and speaks optimistically about America’s economic future. The future is indeed bright, but only if you are among the wealthiest one percent of the population.
For instance, since the 2007 recession, the greatest crisis of capitalism in 75 years, corporate profits have risen, CEO salaries and bonuses are at record levels and the stock market is soaring. By contrast, workers’ wages have stagnated for more than four decades, benefits are either few or non-existent, and workers are encumbered with debt that forces them to perform multiple jobs— if they can find them—in order to survive.
Jobs that offer long-term security and a living wage are scarce even for those with university degrees. Adjusted for inflation, today’s workers are worse off than they were in the late 1960s.
Whose economic recovery is this?
According to economic forecaster Gerald Celente, 90 percent of the jobs created in 2013 were part-time, most of them paying low wages and providing no benefits. Student loan debt exceeds $1.1 trillion, a number that surpasses the combined credit card liability of the nation.
These debts cannot be discharged through bankruptcy. The big banks and corporations that finance political campaigns have no such restrictions placed upon them.
Even the unemployment figures are deceiving. According to the latest government data, unemployment is at 6.7 percent. In reality, that number is probably closer to 17 or 18 percent, according to economist Richard Wolff.
The government does not count people whose unemployment benefits have expired or those who have given up looking for work. A cashier working 10 hours a week at Food Lion is counted as fully employed.
We have students, many of them burdened with immense debt, entering a job market that makes it difficult for them to earn a decent living. This is the economic minefield that workers across America must navigate. A little truth might help them find their way and comprehend why this is happening.
One of the many reasons we face such a bleak economic future is the implementation of Free Trade Agreements (FTAs).
In 1992, the North American Free Trade Agreement (NAFTA) was implemented between the governments of the United States, Canada and Mexico. NAFTA was fast-tracked through Congress by President H.W. Bush and signed into law by President Clinton. NAFTA was promoted in the commercial media as an engine for job creation in the United States, an assertion that is contradicted by the facts. According to Wolff, more than 700,000 jobs fled the country as the result of NAFTA, many of them providing middle class incomes and benefits.
Those jobs are never coming back. It is not just the number of jobs created that matter, it is the quality of those jobs that is a predictor of economic success.
Furthermore, the mass movement of U.S. corporations to Mexico wrecked the already struggling Mexican economy, particularly its sustainable, locally-based businesses. The situation initiated a mass migration of immigrant Mexican workers to the U.S. in search of better-paying jobs than were available to them in the homeland. Multinational corporations seeking a source of cheap labor and a climate of deregulation are the primary benefactors. The quantifiable effect that NAFTA has had on the U.S. workers is staggering job loss, reduced wages and increasing economic disparity.
Now, with the backing of corporate lobbyists, yet another FTA—the Trans-Pacific Partnership (TPP)—is being fast-tracked through Congress. Both Democrats and Republicans are enthusiastically backing the legislation.
The Electronic Frontier Foundation describes the process: “The Trans-Pacific Partnership is a secretive, multi-national trade agreement that threatens to extend restrictive intellectual property (IP) laws across the globe and rewrite international rules on its enforcement.” TPP is currently being negotiated between nine to 12 nations.
If enacted, TPP will permit privately-owned corporations to have hegemony over the governments of sovereign nations. For instance, if the state of West Virginia were to ban the use of genetically modified soybeans, Monsanto Corporation could either overturn the decision or extort billions of dollars in remuneration from their projected loss of profits. FTAs belligerently put corporate profits before the legitimate needs of the people and the welfare of the biosphere.
The implications for students and working class people will be profoundly detrimental.
Hundreds of thousands of jobs will flee the country, wages will fall yet again, autonomy will be lost, and the job market will resemble the wreckage of the Hesperus. FTAs are the means by which the power elite are turning the U.S. into a Third World economy.
Only Washington Knows Best…
The control freaks in Washington think that only the decisions that Washington makes and imposes on other sovereign countries are democratic. No other country on earth is capable of making a democratic decision.
The world has witnessed this American self- righteousness for eons as Washington overthrows one democratic government after the other and imposes its puppet, as Washington did in Iran in 1953 when the CIA, as it now admits, and as Ervand Abrahamian proves in his book The Coup (The New Press, 2013), overthrew the elected government of Mossadeq, and more recently the elected government of Honduras and many governments in between.
Currently Washington is working overtime to overthrow the governments of Syria, Iran again, and Ukraine. Washington has also targeted Venezuela, Bolivia, Ecuador, and Brazil, and in its wildest dreams the governments of Russia and China.
On January 26 Syrian government advisor Bouthaina Shaaban asked Wolf Blitzer, a propagandist for Washington and the Israel Lobby, on US TV why the US government, speaking through Secretary of Stare John Kerry, has the right to decide who is to be the government of Syria instead of the Syrian people. [Polls show that Syrian president Assad’s approval ratings exceed those of every Western leader.] Even the slimy Blitzer wasn’t slimy enough to answer, “because we are the exceptional, indispensable people.” But that’s what Washington thinks.
Washington will soon be back at work on destabilizing the government of Iran again, a habit I suppose, but for the moment Washington is focused on destabilizing Ukraine.
Ukraine has a democratically elected government, but Washington doesn’t like it because Washington didn’t pick it. The Ukraine or the western part of it is full of Washington funded NGOs whose purpose is to deliver Ukraine into the clutches of the EU where US and European banks can loot the country, as they looted, for example, Latvia, and simultaneously weaken Russia by stealing a large part of traditional Russia and converting it into US/NATO military bases against Russia.
Perhaps Putin, an athlete, is distracted by the Olympic Games in Russia. Otherwise, it is something of a puzzle why Russia hasn’t put its nuclear missiles on high alert and occupied the western Ukraine with troops in order to prevent Ukraine’s overthrow by Washington’s money. Every country has citizens that will sell the country out for money, and western Ukraine is overflowing with such traitors.
As we have seen for decades, Arabs and Muslims will sell out their people for Western money. So will western Ukrainians. The NGOs financed by Washington are committed to delivering Ukraine into Washington’s hands where Ukrainians can become American serfs and this integral part of Russia can become a staging ground for the US military.
Of all the violent protests that we have witnessed, the Ukrainian one is the most orchestrated.
On February 6, Zero Hedge, one of the intelligent and informed Internet sites, posted a leaked recording from the despicable Victoria Nuland, an Assistant Secretary of State in the Obama Regime. Nuland is caught discussing with the US envoy to Ukraine, Geoffrey Pyatt, Washington’s choice for who heads the next Ukrainian government.
Nuland is incensed that the European Union has not joined Washington in imposing sanctions on the Ukrainian government in order to complete Washington’s takeover of Ukraine. Nuland speaks as if she is God with the God-given right to select the government of Ukraine, which she proceeds to do.
The EU, as corrupt as it is by Washington’s money, nevertheless understands being made rich by Washington is no protection agains Russian nuclear missiles. Nuland’s response to Europe’s hesitancy to risk its existence for the benefit of US hegemony is:
“Fuck the EU.”
So much for Washington’s attitude toward its captive allies and the peoples of the world.
Марионетки Майдана – “Puppets of Maidan”
Paul Craig Roberts was Assistant Secretary of the Treasury for Economic Policy and associate editor of the Wall Street Journal. He was columnist for Business Week, Scripps Howard News Service, and Creators Syndicate. He has had many university appointments. His internet columns have attracted a worldwide following. His latest book, The Failure of Laissez Faire Capitalism and Economic Dissolution of the West is now available.
Source: Paul Craig Roberts
The name ‘Rothschild’ first appeared in the 18th century when Mayer Amschel Bauer established his banking empire in Frankfurt, Germany, and changed the family name. The Bauers were a notorious satanic family in Middle Ages Germany and the major Rothschilds remain master black magicians to this day. Mayer Amschel’s father, Moses Amschel Bauer, was a moneylender and proprietor of a counting house.
The Rothschild dynasty is controlled by the family’s satanic black magicians who know how reality works and how they can manipulate energy and human perception. They know that money, like everything else, is energy and they have set up the financial system to exploit this knowledge. People talk about ‘flows of money’, but it is really flows of energy and they have created an energetic construct that ensures that the energy of money flows to them. We call this construct the ‘economic system’ or ‘the economy’ and it appears to consist of banks, financial houses, stock markets and other forms of trading; but all of these entities are just acupuncture points on the meridians of money to ensure that the wealth of the world flows to the bloodline families. It is because of this that the Rothschilds count their wealth in multiples of trillions and more.
The Rothschilds control the global financial system and have accumulated their power by theft and exploitation. Their whole system is based on a gigantic fraud because there is no money, as we perceive it. The paper money and coins are backed by nothing. Their value is only the value that we can be persuaded they have. They are just worthless pieces of paper (a promise-to-pay or promissory note) and pieces of metal that we are tricked into taking seriously. Most ‘money’ is not even something you can hold today; it is only figures on a computer screen. ‘Money’ is brought into circulation through what is called ‘credit’, but this ‘credit’ is a belief-system, that’s all, a belief that it exists. The banks are not lending us anything and people are paying them a fortune to do so.
The bloodline families, particularly the Rothschilds, have controlled governments and banking for centuries and they have been able to dictate the laws of the financial system and introduce what is called ‘fractional reserve lending’. This allows banks to lend at least ten times what they have on deposit. In other words, they are lending ‘money’ they don’t have and that doesn’t exist – called ‘credit’ – and are charging interest on it. When you go to a bank to borrow, say £50,000, you have to provide ‘collateral’ by signing over your house, land, car or business, and this will go to the bank if you don’t meet the repayments. The bank is giving you nothing in return for all this. It types into your account £50,000 and that’s it. The £50,000 doesn’t really exist – it is a line of non-existent ‘credit’. Say you give someone a cheque for £20,000 from the original £50,000 and the recipient deposits the money into another bank. Now this second bank can lend ten times the £20,000 to other people, quite legally, and charge them interest. When you follow the original £50,000 from bank to bank, the amount of ‘credit’ that is created as it circulates the banking system is absolutely fantastic. We are talking here about a single loan that was created out of thin air in the first place.
This is how the Rothschilds have come to own governments and most of the world. Interest on money is the key here. If money was put into circulation interest-free, and there was no interest on money in any form, it would return to its rightful role as a unit of energy exchange that overcomes the limitations of barter. It is when you introduce interest that the trouble starts because then you are making money from money and it no longer serves the people – it enslaves them. The bank credit / interest system means that the unit of exchange for human activity comes into circulation right from the start as a debt.
Governments could create their own money interest-free to pay for public services, but instead they borrow it from the banking system and the population has to pay it back, plus interest. It is the same with individuals and businesses. Governments don’t create their own interest-free money because they are controlled by the families who also control the banks, most notably the Rothschilds. Abraham Lincoln was assassinated by the Rothschilds when he began to print interest-free money called ‘greenbacks’ to fund the North in the American Civil War. The Rothschilds were funding both sides in the Civil War, as they do in all the wars they engineer, but Lincoln eventually refused to pay their phenomenal levels of interest. The greenback system worked so well that Lincoln was considering making it the permanent means of government finance. This was the worst nightmare for the Rothschilds. The Rothschilds had Lincoln assassinated by John Wilkes Booth in 1865 and the greenback policy went with him.
There is another vital aspect to understand about interest on money: when you take out a loan, the bank ‘creates’, in the form of ‘credit’, the amount of the ‘loan’. This sounds obvious and straightforward, except for one thing. You are not paying back only the loan; you are paying back the loan, plus interest, and the interest is not created, only the principle figure. This means that there is never even nearly enough ‘money’ in circulation to pay back all the outstanding loans and interest. It is a fatal flaw with regard to human freedom and it has been done purposely to ensure that bankruptcy and loss of property and possessions to the banks is built into the system. It is all part of the Rothschild energy-construct that flows the wealth and energy of the people in their direction. A fantastic amount of the money that people pay in taxes goes straight to the private banks to pay back interest on ‘money’ that the government could create itself, interest free. ‘Privatisation’ is the selling of state assets in response to bank-created debt.
The world’s poorest countries are handing over control of their land and resources to the Rothschild banks when they can’t pay back the loans made specifically to ensnare them in this very situation. ‘Third World Debt’ was manufactured to replace physical occupation of resource-rich or strategically-situated countries with today’s financial occupation. Once a country is indebted to the Rothschild bankers with non-existent credit, it is forced to hand over control of its affairs to the banks, the World Bank and the International Monetary Fund (IMF). These then dictate economic and social policy at every level. The World Bank and IMF are wholly-owned subsidiaries of the Rothschilds and always have their place-men at the helm. Poor countries with debt they are struggling to repay are forced to cut spending on social programmes, health, education and humanitarian projects to pay the banks the ‘debt’ they owe. The world does not have to be in poverty and conflict. It is manipulated to be that way to serve the bloodline agenda for global dictatorship.
Julian Websdale is an independent researcher in the fields of esoteric science and metaphysics, and a self-initiate of the Western Esoteric Tradition. His interest in these subjects began in 1988. Julian was born in England, received his education as an electronic and computer engineer from the University of Bolton, served in a Vaishnava monastery during 2010, and has travelled to over 21 countries. Julian is also a member of the Palestinian Solidarity Campaign. Blog: julianwebsdale.tumblr.com
Source: Julian Websdale | Waking Times
An editorial in the Financial Times last week, entitled “End drift to war in the East China Sea,” highlighted the growing alarm in ruling circles about the prospect of a conflict between Japan and China. “The possibility of war,” it declared, “is rapidly emerging as one of the biggest security risks facing the world,” and the two governments “are doing nothing to make conflict less likely.”
The FT focussed on comments by Japanese Prime Minister Shinzo Abe at the World Economic Forum in Davos, Switzerland, in which he explicitly drew the comparison between the current rivalry in East Asia and that between Britain and Germany prior to World War I. “For Japan’s prime minister to allow any comparison with 1914 in Europe is chilling and inflammatory,” it stated.
The immediate source of tensions is the territorial dispute over rocky outcrops in the East China Sea, known as Senkaku in Japan and Diaoyu in China. However, the chief responsibility for inflaming this dangerous flashpoint, along with others throughout the region, lies with the Obama administration’s “pivot to Asia”—a strategy aimed at isolating China economically and diplomatically, and encircling it militarily.
While hypocritically claiming to be “neutral” on the territorial dispute, Washington has repeatedly declared that, in the event of a war over the islands, the US would support its ally Japan. Moreover, as part of the “pivot,” the Obama administration has been restructuring its military bases in Japan and encouraging Japan to remilitarise.
Asia in 2014 does bear a chilling resemblance to Europe in 1914. World War I arose over the intractable competition for spheres of influence between the major powers. As Lenin and Trotsky, the great Marxists of that period explained, it marked the opening of the imperialist epoch—the epoch of the death agony of capitalism.
The global financial crisis that erupted in 2008, the worsening world economic slump and rising geo-political tensions make clear that capitalism has resolved none of the fundamental contradictions that produced the horrors of a century ago.
Over the past decade, US imperialism has plunged into one war of aggression after another—Afghanistan, Iraq, Libya—as well as numerous intrigues and provocations, in a desperate bid to offset its relative economic decline through its military predominance. The installation of Obama as president and his “pivot” to Asia reflected deep concerns in the American establishment that the Bush administration’s focus on the Middle East undermined US hegemony in Asia, including over its cheap labour platforms, above all China, that had become central to corporate profit.
Under Obama, the US has encouraged allies such as Japan and the Philippines to take a more assertive stance in their disputes with China; begun to “rebalance” 60 percent of US air and naval forces to the Indo-Pacific; and is establishing new basing arrangements with Australia and other Asia-Pacific countries as part of its war preparations.
In Japan, the US “pivot” has helped foster the emergence of the right-wing Abe government that, in the space of a year, has increased military spending for the first time in a decade and moved to end constitutional restrictions on the Japanese armed forces. Last month, Abe provocatively visited the notorious Yasukuni Shrine to the country’s war dead—a potent symbol of Japanese militarism in the 1930s and 1940s.
Abe is being driven by the interests of Japanese imperialism, which is not prepared to relinquish its position as a leading power in Asia. In his speech at Davos, Abe dismissed pundits who “called Japan the land of the setting sun” and declared that “a new dawn” was breaking. The two themes of his speech were equally aggressive—thinly-disguised criticisms of China, alongside cut-throat economic measures designed to undermine rivals and turn Japan into one of the “most business-friendly places in the world.”
By likening China to Germany in 1914, Abe is seeking to portray Beijing as a dangerous new menace. Unlike Germany, however, China is not an imperialist power. Despite the size of its economy, it continues to function as a cheap labour platform, completely dependent on foreign corporate investment and technology, as well as the existing centres of finance capital. In the military sphere, the US has an overwhelming preponderance, and a global network of bases and alliances that can threaten Chinese interests anywhere in the world.
Backed into a corner by the US over the past four years, the Chinese leadership has responded by offering further economic concessions to the major powers, on the one hand, while boosting military spending and asserting its claims in waters immediately adjacent to the Chinese mainland, on the other. The Beijing regime is whipping up anti-Japanese chauvinism both to justify its military build-up and to divert attention from the extreme social tensions produced by three decades of capitalist restoration.
While drawing attention to the rising danger of war, the Financial Times editorial offered no solution, other than an impotent appeal for “both sides to stop rattling sabres and start talking to one another.” Ignoring the fact that the US “pivot” has stoked the present confrontation, the editorial appealed for Washington to intervene as the voice of peace and reason. Both Abe and Chinese President Xi Jinping “should look for a route away from Armageddon before it is too late,” it concluded.
However, as in 1914, the drive to war is being fuelled by the inherent contradictions of capitalism—between global economy and the outmoded nation state system, and private ownership of the means of production and socialised production—that have erupted with full force in the wake of the 2008 global breakdown. The only means of averting the catastrophe being prepared for humanity is the abolition of the bankrupt profit system and the socialist reorganisation of society to meet the social needs of vast majority, not the super-profits of a tiny wealthy elite. The dangers of another world war underscore the necessity of rejecting all forms of nationalism and patriotism and building a unified international anti-war movement of workers and youth in China, Japan, the US and around the world to carry out this urgent task.
As the Russian Sochi Winter Olympics date approaches, a wave of suicide bombings in Volgograd (formerly Stalingrad, site of the decisive resistance to German invasion in 1942), have wreaked death and uncertainty in the region. On 29 December 2013 a suicide bomber exploded at the Volgograd railway station, killing the bomber and 16 more. A day later another suicide bombing on a trolleybus killed at least 15 people. The attacks come just a few weeks before the Sochi 2014 Winter Olympics begin on February 7 on the Black Sea near the border to Georgia.
Those most recent attacks followed an October 21 suicide attack in which a bomb carried by a female suicide bomber exploded on a passenger bus carrying 40 people. The Russian Emergency Situations Ministry, reported that at least 5 people died in the blast and 17 others were injured. The suicide bomber had been identified as 30-year-old Naida Asiyalova of Dagestan. Since 1999 Mujahideen Sunni Salafists, often from Saudi Arabia or other Arab countries, have tried to incite an Islamic revolution and install Sharia law in Dagestan from neighboring Chechnya as well as in Chechnya.
The recent new wave of suicide bombing attacks in the region has led many to believe they are the work of radical Mujahideen Salafist Sunnis led by an erratic Jihadist from Chechnya, Doku Umarov, who sometimes goes by the Arabized name, Dokka Abu Usman. Umarov has unilaterally proclaimed himself underground President of the unrecognized Chechen Republic of Ichkeria (ChRI), and later, the self-proclaimed Emir of the Russian North Caucasus, declaring it an Islamic state of the Caucasus Emirate. In doing so he announced, “I will serve the word of Allah and work to kill the enemies of Allah in all the time that he gives me to live on this earth.” 
In Russia he is called the “Russian bin Laden.” In March 2011, the United Nations Security Council Al-Qaida and Taliban Sanctions Committee added Umarov to the list of individuals allegedly associated with al-Qaeda, the Saudi-financed loose network of international Jihadist bands which had been trained during the 1980’s Afghan war against the Soviet Union by CIA, Saudi, Israeli and Pakistani intelligence services. AL-Qaeda is a name for a database set up by Saudi intelligence to keep track of all the Arab and other Muslim mercenaries working in defeating the Russians in Afghanistan during the 1980s.
Umarov has claimed responsibility for gruesome suicide bombings, using women called ?black widows” whose husbands had been killed fighting Jihad against Russian security forces. Umarov openly claimed responsibility for the 2010 Moscow Metro bombings and the 2011 Domodedovo International Airport bombing in Moscow. The person who did the Metro bombing was a 17-year old Mujahideen widow, Dzhennet Abdurakhmanova
Dzhennet Abdurakhmanova, 17, posing with her late husband Umalat Magomedov. She became a “black widow” suicide bomber, carrying out the Moscow metro bombings in April 2010 (Reuters)
In June 2013, Umarov called for his followers in and outside the Caucasus to use “maximum force” to ensure the 2014 Sochi Winter Olympics do not take place: “They plan to hold the Olympics on the bones of our ancestors, on the bones of many, many dead Muslims buried on our land by the Black Sea. We as Mujahideen are required not to allow that, using any methods that Allah allows us.” 
All indications point to the terrorists controlled by Umarov being behind the latest “Black Widow” suicide bombings in Volgograd. Naida Asiyalova, who blew herself up in the suicide bombing in Volgograd in October, is from Dagestan. She was reported “in love” with another suicide bomber before she “did her duty” to the jihad of Umarov. She was also a close friend of the woman implicated in the most recent Volgograd station bombing.All indications to date point to Doku Umarov’s Chechyn terrorist organization for these recent terror bombings in Russia.
The US State Department has just issued an Advisory Alert to US citizens going to Sochi as a response even though Volgograd is several hundred kilometers away.
Russia’s Mujahideen terrorists
Soon after the dissolution of the Soviet Union, Halliburton, the world’s largest oil services company, then led by Dick Cheney, determined that the Caucasus and the region around the former Soviet Union’s Caspian Sea contained staggering volumes of untapped oil. Some said it was a “new Saudi Arabia.” As part of broader Washington strategy of then-president George H.W. Bush, US intelligence began moving veterans of the bloody Afghan Mujahideen campaign into the Caucasus and Caspian region to facilitate independence from the Soviet Union and open the door for US and British oil companies to control the key oil regions.
Two “retired” CIA operatives close to former CIA head Bush, Ted Shackley and General (Ret.) Richard Secord set up a CIA “front” fake Azeribaijan oil company called Mega Oil. It was a cover to fly in hundreds of Mujahideen veterans from Afghanistan as “oilworkers.”
In 1991 Richard Secord along with veterans of US operations in Laos, and later of Oliver North’s operations with the Contras, turned up in Baku, Azerbaijan under the cover of MEGA Oil. This was when George H.W. Bush supported an oil pipeline stretching from Azerbaijan across the Caucasus to Turkey. Dick Cheney was then Bush senior’s Defense Secretary. MEGA never found oil. But MEGA operatives in Azerbaijan engaged in military training, passed “brown bags filled with cash” to members of the Azeri government, and set up an airline on the model of the CIA’s Vietnam era Air America which flew hundreds of mujahedin mercenaries from Afghanistan into Azerbaijan and the Caucasus, especially Chechnya. 
A faction of the CIA and US intelligence tied to the neo-conservatives and the US military industrial complex, have been involved in bringing fanatical Jihadist Islam into the traditionally Sufi peaceful Islam of the Caucasus region. Osama bin Laden actively moved from Afghanistan into Bosnia, then Kosovo and on into Chechnya after 1995, where his principal ally, fellow Saudi Jihadist, Ibn al-Khattab was leader of the Arab Mujahideen in Chechnya fighting the Russians. Chechnya happened to be the transit region for a major Russian oil pipeline from Baku into Russia for Caspian oil, something Washington was determined to block. Journalist Ali Soufan notes that by 1996, “the United States had been on the side of Muslims in Afghanistan, Bosnia, and Chechnya.”
At the time of the Beslan school massacre in Russia near the Georgia border in September 2004, Umarov’s Jihadists, including Arab Mujahideen, were partly financed with US money via a Washington-based NGO called ACDI/VOCA. Much of the money that the US Government-funded NGO received for the project reportedly came from a US Department of Agriculture Food for Peace Project. Apparently the food they dispensed was in the form of Kalashnikovs and hand grenades, not grain and apples.
According to veteran Caucasus-based journalist Jeffrey Silverman, Doku Umarov is today an “asset” controlled and guided by a Washington-based think-tank called Potomac Institute for Policy Studies. The board of the Potomac Institute reads like a who’s who of retired US military and intelligence people. According to Washington insider reports, Potomac is not entirely what it appears to be.
It is rather, these sources report, a front for Israeli intelligence, a group of US neo-conservatives, both working with Saudi Arabian intelligence. Two of Potomac’s key people involved in the Caucasus are reported to be Prof. Jonah Alexander, who heads the institute’s International Center for Terrorism Studies, and Ambassador (ret) David Smith.
Alexander has taught at Tel Aviv University and headed an interesting-sounding project, “Terrorism, Gray Area and Low Level Conflict,” for the US Global Strategy Council, a group founded by Ray Cline, former Deputy Director of the CIA. David J. Smith is Director of the Georgian Security Analysis Center (GSAC) at the Georgian Foundation for Strategic and International Studies in Tbilisi, Georgia. Between 2002 and 2006 Smith was US Member of the International Security Advisory Board, assisting Georgia to “build democracy and establish functional national security institutions.” By all indications, he did a rather poor job if that really was what he was building.
Many of the Arab and Chechyn Jihadist terrorists plaguing Russia in recent years have been infiltrated into Chechnya from the Pankisi Gorge region across the border in Georgia, where a pro-US Saakashvili regime at the time obviously “looked the other way.” Reportedly Saakashvili’s brother worked in London for BP, the head of the Anglo-American oil pipeline consortium that owns the BTC pipeline from Baku through Georgia to Turkey.
Contrary to outward appearance, there has been intimate cooperation between Saudi and Israeli intelligence services on matters of common strategic interest for years. Reportedly the ties began when Prince Bandar was Saudi Ambassador to Washington.
If all this is true, it would suggest that Umarov’s latest suicide attacks in Russia are part of a “revenge” operation of Netanyahu and Saudi Intelligence chief, Prince Bandar bin Sultan, to sabotage the Sochi Olympics, for Putin’s role in winning Obama away from war against Syria last fall and openly seeking a diplomatic resolution of the Iran nuclear problem. Saudi Arabia’s Bandar and Netanyahu, who admitted they were in cooperation, both were reportedly livid against Putin for sabotaging their Jihad in Syria.
Against Obama too
That the Saudis and Israel’s Netanyahu are actively working as well to sabotage Obama’s Iran diplomacy is also clear. On October 30, 2013, Sheldon Adelson, an Israeli-American billionaire with dual passports, a financier friend of Netanyahu who owns Las Vegas casinos, called on US Congress. He reportedly told his friends in Congress to pass new sanctions against Iran designed to sabotage the Iran-Obama talks. Adelson was the main financial backer in 2012 of Mitt Romney to defeat Obama, who has become a bitter Netanyahu foe. Adelson apparently feels that Obama has slowly been distancing from Bush and Cheney’s strong tilt to the hawkish US neo-conservatives tied to the US-Israeli military industrial complex around Netanyahu’s Likud Party.
The Republican Jewish Coalition — led by GOP financial donor Sheldon Adelson — is asking its members to call their senators and urge them to pass a new round of sanctions on Iran amid efforts from top Obama administration officials to persuade Congress to delay such measures to allow time for negotiations with the Islamic Republic over its nuclear program to “gain traction.” 
The Volgograd bombings are a part of a global political shift taking place with factions declaring war inside major governments. Washington is split today between a “pro-Israel” faction largely in Congress, and on the opposite side, a mix of nationalists who seem to be trying to define a genuine American interest in all the wars around the world. Reportedly General Martin E. Dempsey, the Chairman of the Joint Chiefs of Staff, the military’s highest body in the Pentagon, and others around President Obama are moving to distance Washington from the Saudi-Israeli war strategy which they have realized as against American interest.
The realization in and around the White House and State Department that the US Government was being manipulated by Israeli and Saudi false intelligence was the real reason, according to Washington reports, for the abrupt decision by President Obama last summer to halt the planned war against Syria. Obama was told that the “evidence” of a Syrian government chemical weapons attack on civilians had been doctored by Saudi and Israeli intelligence to force Obama to finally declare war. 
That was why Obama surprisingly and inexplicably embraced the Putin mediation offer to remove the chemical weapons and why Assad quickly agreed. Obama was himself strongly against military action in Syria. The chemicals used in Syria reportedly were supplied by Prince Bandar to the rebels, not from Syrian Government forces.  The intelligence intercepts given President Obama purporting to be tapes of Syrian Army commanders discussing the chemical attack were given to Washington by Israeli intelligence by Israeli Defence Forces’ 8200 unit and were also reportedly faked.
Now this same network seems to have activated a revenge attack against Putin and Obama for foiling their stratagems. It’s a high risk gamble by Netanyahu and Saudi Prince Bandar that could severely boomerang against them.
In a noteworthy footnote to the entire gruesome Doku Umarov drama, on January 17, Moscow Times reported on a social media message sent out by Chechen president, Ramzan Kadyrov, claiming that he had “new evidence” that rebel leader Doku Umarov was dead. Kadyrov wrote in an Instagram, “According to our information, Umarov is dead and we are looking for his body.” He claimed that Umarov had been killed during a Russian Special Forces operation. The report has not been confirmed by Moscow. The Kadyrov report has to be taken with more than a little grain of salt. The flamboyant Chechyn President has issued such messages before, the last time in December, when he wrote that Umarov was “mostly likely already dead or will be soon.” Whether dead or alive, it seems most likely that Doku Umarov is little more than a “cover” for the darker networks running terror against Putin’s Russia in the Caucasus, and that darker network is Moscow’s real problem.
Al Jazzera English, Chechen rebel chief denies quitting Europe, Al Jazeera English., August 12, 2010.
 Miriam Elder. Russian Islamist Doku Umarov calls for attacks on 2014 Winter Olympics, theguardian.com. August 12, 2013.
 EIN News, Russia’s deadly black widow cult that threatens Olympians, January 02, 2014, accessed in
 Peter Dale Scott, The Falsified War on Terror: How the US Has Protected Some of Its Enemies, The Asia-Pacific Journal, Vol. 11, Issue 40, No. 2, October 7, 2013.
 Ali H. Soufan, The Black Banners: The Inside Story of 9/11 and the War Against al-Qaeda (New York: Norton, 2011), p. 62.
 Henry Kamens, Did CIA train the Boston Bombers in Georgia?, April 2013
 The information on the Potomac Institute and Umarov was made available to the author from Jeffrey Silverman, an investigative journalist based in the Caucasus who has researched the subject for more than twenty two years.
 SourceWatch, Global Strategy Council, 23 July, 2013, accessed in http://www.sourcewatch.
 Ibid. ; As well, for bios on Smith and Alexander, the website of Potomac Institute accessed inhttp://www.potomacinstitute.
 Jeffrey Silverman, op. cit.
 Umberto Bacchi, Israel Negotiating Historic Alliance with Saudi Arabia over Iran’s Nuclear Weapons, Ooctober 3, 2013, accessed in http://www.ibtimes.co.uk/
 Stephen J. Sniegoski , Would Romney Pursue a Neocon War Agenda?, accessed inhttp://home.comcast.net/~
 Ben Armbruster, Group Led By Billionaire Sheldon Adelson Pushes Congress To Undermine Iran Talks, October 30, 2013, accessed in http://thinkprogress.org/
 Dale Gavlak and Yahya Ababneh, Syrians In Ghouta Claim Saudi Supplied Rebels Behind Chemical Attack, MintPress, August 29, 2013, accessed in http://www.mintpressnews.
 Seymour Hersh, Whose Sarin?, London Review of Books, August 12, 2013, accessed inhttp://home.comcast.net/~
 Moscow Times, Chechen Leader Kadyrov Again Says Rebel Leader Umarov is Dead, 17 January 2014,
RIA Novosti, accessed in http://www.themoscowtimes.
 Moscow Times, Chechen Leader Says ‘Rat’ Rebel Chief Is Likely Dead, 20 December 2013, accessed inhttp://www.themoscowtimes.
Damascus - As a new workweek begins here is Damascus many citizens across a fairly broad spectrum appear to be backing, and even exhibiting a kind of pride for their diplomatic team at the Geneva II conference. It might appear flippant for this observer to suggest that returning to Damascus after recent events in his neighborhood of Haret Hriek in Dahiyeh, South Beirut sort of feels like one has arrived in a peaceful holiday local rather stress free, but others have told me the same thing once they crossover from Lebanon. Damascus is currently the most quiet and ‘normal’ appearing that I have found this historic city for more than two years.
Damascenes to a person it appears, despite differing political views, are hoping for breakthroughs that just might bring an end to the carnage that has left virtually no one unaffected and has driven 9.5 million people from their homes, killed close to 140,000 and with more than 18,000 missing. These and many more tragedies creating a major humanitarian crisis both within Syria and among this birth place of civilization’s neighbors.
At the Set al Cham (Grandmother of Damascus) a home style cooking small restaurant around the corner from the Dama Rose hotel, close to where a rocket hit 30 yards outside the front entrance of the five star hotel last week and ignited half a dozen cars and shattered windows in this ‘security zone’, there are currently animated conversations about the Geneva II conference. They focus on the prospects for a ceasefire which all here apparently agree is the first essential step to ending the carnage ravaging this country for the past three years. The apparent imminent release of women and children from the more than 500 families who have for many months been trapped in the old city of Homs, Syria’s third largest city, has created some inchoate hope. According to UN Mediator, Lakhdar Brahimi , men also will be allowed to leave once their names are vetted to screen ‘terrorists’ from slipping out, a common security measure around this region during siege lifts and mass evacuations. The population allowed to exit Homs will be received immediately by volunteers from the courageous and deeply humanitarian Syrian Arab Red Crescent Society (SARCS) and other humanitarian organizations that have stockpiled a range of urgently required necessities close by. As in the case with Yarmouk Palestinian camp in south Damascus, itself still under tight siege this evening with snipers on rooftops scanning the streets and alleys below through their gun sites seeking targets, baby formula is one of the foodstuff items most in demand and urgently needed in order save infant lives since their starving mothers generally are no longer able to produce milk.
With respect to Yarmouk camp, which if of grave concern here in Syria as it is internationally, this observer had an informative three hour meeting today at UNWRA HQ on Mezzeh Autostrda with Chief Field Education Program Director, Mohammad Ammouri, and Abdullah Al Laham, Deputy Director of UNWRA in Syria. These gentlemen, Mr. Ammouri from Tantura village near Haifa, and Mr. Al Laham, from Bethlehem Occupied Palestine, devote their full schedules these days trying to get aid into Yarmouk, and to bring those under siege out. Both gentlemen gave this observer some reason to believe that finally an agreement, after more than half a dozen failed ones, might just stick tonight so that tomorrow UNWRA trucks, waiting nearby with more than 40,000 aid parcels can finally enter. Each aid box, contains rice, sugar, flour, dried milk, cooking oil and other basics and are designed to feed a family of five for two weeks (families up to eight in number will get one and one-half UNWRA boxes every two weeks) can finally enter. Syrians trapped in Yarmouk, who number more than 2000, will also receive the emergency parcels from UNWRA no questions asked. Mr. Al Laham raised his eyebrow a bit and did a sort of double-take when this observer asked him if like SARCS, UNWRA distributed the well-known World Food Program (WFP) or International Committee of the Red Cross (ICRC) or OCHA (Office for the Coordination of Humanitarian Affairs) family aid parcels. “No! No. My dear. You see, we at UNWRA have our own aid parcels, in fact ours are bigger and better” he quickly exclaimed and then smiled a bit sheepishly.
Three days ago UNWRA believed they would finally be allowed to enter Yarmouk with aid but at it turned out only about 3% of the aid parcels they were trying to deliver to the more than 18,000 starving Palestinian refugees and Syrians still trapped was able to be distributed because all aid is still being blocked by various militia who themselves appear to be rather well fed, financed, and armed. We should know by tomorrow (1/28/14) if substantial aid will be allowed into Yarmouk and whether dying residents can be evacuated. UNWRA literally has the engines of its trucks idling nearby tonight and ready to move into the besieged camp on less than a minutes notice if they get a green light, this observer has just been advised.
One senses in Damascus that much of the population believes that what is happening at Geneva, are admittedly “half-steps” to use UN envoy Brahimi’s description for the progress so far in the desperate effort to save Syria, just might result in a breakthrough of sorts and then move toward a cease-fire and the opening up of humanitarian aid corridors. A few hours ago, Syrian delegation member Dr. Bouthania Shaaban commented that today’s talks had been ‘professional’. This is a modest achievement even though both sides speak only to Envoy Brahimi and tend to avoid eye contact with their “negotiating partners” while entering and exiting the meeting room from doors at opposite ends.
Syria’s delegation in Geneva is led by a seasoned, smart, deeply knowledgeable formidable delegation that includes the power-house Foreign Minister Walid Muallum, a former Syrian Ambassador to Washington who has a reputation in the West and here as wily, profoundly intelligent, tough at times and no-nonsense. “If no serious work sessions are held by [Saturday], the official Syrian delegation will leave Geneva due to the other side’s lack of seriousness or preparedness,” state television quoted Muallum as telling UN mediator Lakhdar Brahimi last Friday. Mr. Muallum is credited with brokering the deal with by Russia to remove Syria’s chemical weapons enabling the Assad regime to present his government as a partner in the project and thus to strengthen its claim to legitimacy.
Another delegation member is Syria’s Minister of Information Omran al- Zoubi. Mr al-Zoubi has been indefatigable these past many months and is well known to the international media for his personal warmth and direct talk and incisive articulations of his government’s interpretations of the crisis. During literally hundreds of media interviews Mr. Zoubi has earned a reputation internationally and in Syria as being an insightful political analyst and a skilled lawyer, who does not mince or sugar his words but who is respectful of his audience. From Derra next to the Jordanian where the crisis began and a Sunni Muslim, the Ministers commented late this afternoon that “We will stay here until we do the job. We will not be provoked. We will not retreat and we will be wise and flexible.” And he added, anyone at Geneva II expecting the President’s removal was living “in a mythical world, and let them stay in Alice in Wonderland.”
Syrian delegation member and FM Muallum’s Deputy, Feisal Mdkdad, was described to this observer by one of his colleagues today as a deeply knowledgeable, unflappable career diplomat with deep knowledge of foreign policy issues facing Syria. Mr Makdad explained at Geneva today that his administration has been trying to send essential supplies to help beleaguered residents but not as much as they would have liked had got through, for two reasons: “The armed groups had kept firing at those who tried to take in aid and the weather has not been conducive to making the movement.” He pledges that his government will persevere. He also insisted that “we don’t hold any children prisoners at all. We categorically deny that.” He claimed that the list supplied by the opposition was full of errors. “I have studied this list; 60 to 70 per cent of the names are not in prison, 20 per cent have already been freed. About the rest, we don’t know anything.”
In one sense, Syria’s diplomatic team in Geneva is anchored by Professor Bouthaina Shaaban who is Political and Media Adviser to Syrian President Assad. Syria’s former Minister of Expatriates, she is also a mother and recently a grandmother, writer and professor at Damascus University and earned her Ph.D. in English Literature from Warwick University in the UK. Dr. Shaaban was Hafez al Assad’s personal interpreter, is well known internationally and has studied and taught in the USA and earned her Doctorate at Warwick University in the UK. She has authorized several well received books including her latest volume on Syrian diplomacy. Many media critics concede that, as the New York Times wrote, that she is stellar when explaining Syrian governments views on foreign policy. Dr. Shaaban is the most sought after delegation member from either side for interviews partly because of her quality of humanizing the conflict and her obvious love of country and dedication to stopping the carnage while possessing a quality of connecting with interlocutors emotionally and intellectually.
It would not be shocking were the Syrian delegation were to feel a bit on the defensive given the lineup of those who want them to falter, but there is so far little sign that the Syrian delegation is exuding a temerity at all similar to the defense team in The Hague trying to hold its own before the Special Tribunal on Lebanon (STL). Rather it acknowledges that it has come to represent Syria and to struggle through a cumbersome, slow diplomacy to achieve a cease-fire, open corridors of humanitarian aid, participate in prisoner’s exchanges with various militia, hold a presidential election in the spring, and begin reconstruction of the massive war damage.
We will likely learn soon if Syria and indeed can work through a myriad of opposing deeply antagonistic negotiating adversaries to achieve a sustainable cease-fire, reconciliation, and reconstruction. Its long suffering population demand and deserve no less.
Can you find yourself in the picture?
The HSBC bank is limiting withdrawals in both the United States and in Britain.
For the life of me, I have no idea why anyone would want to bank in this criminal enterprise bank. Regardless, isn’t the money your money? Shouldn’t you be able to do with your money what you want without justifying the purpose to the bank that you designate to hold your money?
John Cruz is a former vice president and relationship manager at HSBC. Cruz has made two guest appearances on The Common Sense Show in which he alleged that he uncovered that HSBC was laundering money for the Mexican drug cartels through phony shell corporations. He brought this to the attention of his supervisors at HSBC and was told to “leave it alone”. When he did not leave it alone, he was fired. Cruz went to prosecutors in the New York City area. They acknowledged that they knew what was going at HSBC, but they refused to investigate and prosecute and DHS and the FBI told Cruz the same thing.
The Cruz revelations leave no doubt that the entire banking system is nothing but a criminal enterprise system.
The Banking System Is Nearing Collapse
HSBC has admitted that it has not informed customers of the change in policy which allows the bank to deny customer withdrawals of cash from their own account. This policy was implemented in November of 2013.
This development at HSBC should raise red flags for everyone, not just HSBC customers, because in the same time frame, JP Morgan Chase announced an identical policy. As a result, many financial analysts are predicting a bank run in the near future and this is the primary strategy of the banks as they are obviously bracing for an economic collapse.
This illegal withholding of bank customer funds is justified by Eric Leenders, the present head of retail at the British Bankers Association. Leenders states that the banks are just being sensible to ask questions as to what the money is for and then make a subsequent decision on whether to release the funds to the account holder. Leenders stated that “I can understand it’s frustrating for customers. But if you are making the occasional large cash withdrawal, the bank wants to make sure it’s the right way to make the payment.” I would agree with Mr. Leenders in that the theft of customer money by a supposed trusted bank is indeed frustrating.
Sending a Clear Message
Clearly, this is a portend of things to come. If the banks were on sound financial footing, account holders would not see any such restrictions. However, if you knew if a bank crash was coming, wouldn’t you make sure your bank was as liquid as possible? To the banks, being liquid and cautious in these perilous times means that the banks intend on making it very difficult for their customers to gain access to their money.
These are the chest pains before the heart attack. Take your money out of the bank while you still can.
An Ominous Development
When the banking collapse happens, it will not be American bankers that will gobble up your life savings, pensions, 401K’s and IRA’s. It will be the Chinese.
Isn’t it interesting that JP Morgan Chase has sold their property located at One Chase Manhattan Plaza skyscraper to Fosun International, a Chinese investment firm, for $725 million. This is only the latest in a series of New York real estate purchases by Chinese investors.
It is time to connect the dots.
Just the Facts Ma’am
Fact, the American economy is in freefall.
Fact, the Chinese have purchased a large portion of our debt.
Fact, if the Chinese do not position themselves to acquire America’s hard assets before the crash, they will be left holding useless paper.
Fact, your house is a hard asset and the paper note is owned by the bank.
Fact, the Chinese not only make your clothes and most of your personal possessions, the Chinese will be calling in the loans on your homes before the crash, once they acquire more of our banks.
Fact, if a person does not think that your home is not at risk of being taken, then that person does not understand basic finance and they have obviously never heard of the MERS mortgage fraud.
Fact, the government has begun stealing everyone’s 401K and retirement plans from their previous allocations and converting them to buying U.S. government bonds and who owns the lion’s share of the bonds? Chinese take-out anyone?
Fact, many have been reporting that Hillary Clinton has been collateralizing American home mortgages, office buildings, land, public holdings and mineral assets to the Chinese so that they will continue, for a short time, to continue to purchase our debt.
Fact, it would be wise to learn Mandarin Chinese so that you can more effectively communicate with your soon-to-be slave masters.
Welcome to the Old West, Chinese Style
Are you familiar with the term “Company Town”? This is a phrase that was primarily reserved for towns in the “Old West” in places like Bisbee, Arizona. The mining company in Bisbee owned everything. The owned the mine where the people worked. They owned the homes where the people lived. They owned the drug stores. They owned the Grocery stores. In short, they owned it all! I fear that this is the new reality under which we will soon be living in which the Chinese will own everything.
One interesting side note has to do with a historical event called the Bisbee Deportation. The event was precipitated by miners who thought they would protest dangerous working conditions and substandard living quarters. The owners of the company town responded to worker demands by forcing the dissenters into trains and then transported the protesters to the deserts of New Mexico and were forced off of the train in the middle of nowhere. In the near future, I do not think the Chinese will transport dissenters to the desert, the new destination will consist of barb wire facing in and the word FEMA will be imprinted on the sign outside the destination.
What name would you give a system of economics and government where corporate entities own all of the property? I would call it modern day feudalism.
I can best sum up these events in the words of Johnny Cash, “I hear the train acomin’ it’s rollin’ round the bend and I ain’t seen the sunshine since I don’t know when …”
Source: The Common Sense Show
Concerns about an imminent bank crash were further fuelled today at news that HSBC are restricting the amount of cash that customers can withdraw from their own bank accounts. Customers were told that without proof of the intended use of their own money, HSBC would refuse to release it. This, and other worrying signs point to a possible financial crash in the near future.
HSBC is scrambling to manage a seemingly terminal liquidity crisis (a lack of hard cash) that could see the bank become the next Northern Rock – and trigger a bank crash. The analyst’s advice is for shareholders to sell HSBC investments, and customers to move their accounts elsewhere before the crash.
This from the Telegraph:
Forensic Asia on Tuesday began its coverage of Britain’s largest banking group with a ‘sell’ recommendation, warning the lender had between $63.6bn (£38.7bn) and $92.3bn of “questionable assets” on its balance sheet, ranging from loan loss reserves and accrued interest to deferred tax assets, defined benefit pension schemes and opaque Level 3 assets.
According a report by the BBC’s MoneyBox Programme, HSBC customers have gone to withdraw cash from their accounts, only to find HSBC would not release the funds. Customers were told to make a bank transfer instead, unless they provided documentation proving the intended use of the money. Stephen Cotton attempted a withdrawal and told the programme:
“When we presented them with the withdrawal slip, they declined to give us the money because we could not provide them with a satisfactory explanation for what the money was for. They wanted a letter from the person involved.”
Mr Cotton says the staff refused to tell him how much he could have: “So I wrote out a few slips. I said, ‘Can I have £5,000?’ They said no. I said, ‘Can I have £4,000?’ They said no. And then I wrote one out for £3,000 and they said, ‘OK, we’ll give you that.’ “
He asked if he could return later that day to withdraw another £3,000, but he was told he could not do the same thing twice in one day.
As this was not a change to the Terms and Conditions of your bank account we had no need to pre-notify customers of the change”
He wrote to complain to HSBC about the new rules and also that he had not been informed of any change.
The bank said it did not have to tell him. “As this was not a change to the Terms and Conditions of your bank account, we had no need to pre-notify customers of the change,” HSBC wrote.
Mr Cotton is not alone, with other customers seeking to withdraw cash amounts over £3,000 facing the same obstacles. While HSBC argue there is comes customer security interest here, the story simply doesn’t add up. Customer identification is required for large withdrawals, not customer intentions – a person’s cash is theirs to withdraw and place wherever they so wish. Instead, HSBC has been found to have a capitalization black hole (gap between actual cash and obligations) of$80bn. The message is simple, get your money out now.
The Gold Rush
The major banks and states appear to be preparing for impending crisis, while pretending to the public that the economic situation is improving.
There is a gold rush underway, with Banks and States frantically buying up as much gold reserve as they can, stoking fears that confidence in currency is at an all-time low. In recent months and weeks, banks like HSBC and JP Morgan, and states such as the US, Germany and China have joined the gold rush, making vast purchases of stocks.
Investment analysts at Seeking Alpha have been monitoring the strange activity on the COMEX, stating:
“keeping track of COMEX inventories is something that is recommended for all serious investors who own physical gold and the gold ETFs (SPDR Gold Shares (GLD), PHYS, and CEF) because any abnormal inventory declines may signify extraordinary events behind the scenes.”
Another Bank Crash? Why?
The crash is in some ways a replay of the last one. The US dollar is a fiat currency (as is the pound sterling, the euro and most other major currencies). This means, it is monopoly money. There is no gold reserve that its values are pegged to. It is simply made up. So how does money get made? A private, for profit central bank prints it and lends it to the government (or other banks) at an interest rate. So the Central Bank prints $100, and gives it to the government on the basis that it returns $101. You may have already spotted the first flaw in this process. The additional $1 can only ever come from the Central Bank. There is never enough money. The second issue is that all money is debt.
This used to be the way pretty much all of the money in circulation came to be. That is, until Investment and Retail Banks got tired of this monopoly on debt based currency, and kicked off thecommercial money supply. You might assume that when you take out a loan or other form of credit, a bank gives you that money from its reserves, and you then pay back that loan to the Bank at a given interest rate – the Bank making its profit on the interest rate. You would be wrong. The Bank simply creates that loan on a computer screen. Let’s say you are granted a loan for $100,000. The moment that loan is approved and $100k is entered on the computer – that promise from you to the bank creates $100k for the bank, in that instant. This ledger entry alone creates the $100k, from nothing. Today, over 97% of all money that exists, is made this way.
This is what drove the dodgy lending practises that created the last crisis. But since then, the failure to regulate the markets means that while bailouts hit public services and the real economy – banks were free to continue the same behaviour, bringing the next crash.
The world’s second richest man, Warren Buffet warned us in 2003 that the derivatives market was ‘devised by madmen’ and a ‘weapon of mass destruction’ and we have only seen the first blast in this debt apocalypse.
The news that should have us all worried is: the derivatives market contains $700trn of these debts yet to implode.
Global GDP stands at $69.4trn a year. This means that (primarily) Wall Street and the City of London have run up phantom paper debts of more than ten times of the annual earnings of the entire planet.
Not only can the Bankers not pay it back, the combined earning power of the earth could not pay it back in less than ten years if every last cent of our productive power went solely to pay off this debt.
This is why answering the issues with our currencies, our banking practices and economic system are not theoretical or academic – they are a matter of our very survival.
With Ben Shalom Bernanke set to depart on the last day of January 2014, the critique and speculation of his tenure as Chairman of the Federal Reserve begins. The mainstream financial press is giving mostly favorable accounts. Heretofore, such praiseworthy acclamations strike a shape contrast with the actual record of the state of the economy. However, the admirers of the Fed and his specific enactments live in a time warp that only masters of the universe encounter. For the remaining population, an intense struggle for survival is the actual experience, remembered from the Bernanke years.
Investopedia expresses a complimentary score of The Legacy Of Ben Bernanke, and cites distinguished highlights and concludes that “Under Bernanke’s stewardship, the Fed became the most transparent it has ever been in its history.”
Yet, they are compelled to mention that from 2008 onward, Bernanke and the Fed embarked on a series of unparalleled – and often unconventional – rescue programs and stimulus measures. These included:
- ratcheting interest rates down to the lowest levels in American history;
- force-feeding the U.S. economy with trillions of dollars through successive rounds of “quantitative easing”;
- bailing out troubled Wall Street firms and institutions;
- orchestrating the rescue of other troubled financial institutions through shotgun weddings; and
- lending funds to diverse sectors of the U.S. economy to revive stalled credit markets.
Ben Bernanke’s Great Inflation Coverup, is an assessment that one would expect from the Mother Jones publication.
“Bernanke’s problem is pretty simple here: he almost certainly wants higher inflation . . . Once the Fed has reduced interest rates to zero, it can’t go any further. But what if the economy is so bad that all the standard models suggest you need negative interest rates to get the economy back on track? The only answer is higher inflation. If inflation is running at 2% and interest rates are at zero, the real interest rate is -2%. If you borrow money, you’re effectively being allowed to pay back less than you borrowed.”
Then there is the valid point made by Bill Sardi in LewRockwell.com. “The Fed been printing new money at the rate of $85 billion a month which is being distributed to close member banks who are gambling it on the Wall Street stock market to recapitalize themselves rather than lending it out into the economy so citizens can buy new homes, automobiles.”
The example of Paying back retirees with cheaper dollars illustrates the real costs of built in systemic inflation, not just for citizens on a fix income, but for everyone. This lost in purchasing value of the currency is obvious to any honest person.
“The average social security check was $321 in 1980 and in 2011 it was $1183 (adjusted for inflation). But if that $321 pension check were to be fully adjusted for inflation according to way inflation was calculated in 1980 (cost of gasoline and food included), then that $321 should be $3636 to have the same purchasing power today.”
The severity of income disparity has reached staggering levels. Elite insiders game the system with insider speculation certainty, while the constructive producers that keep the real components of the economy functioning, are pushed to the margins.
Bernanke’s real legacy produced the following outcomes. The always-reliable ZeroHedge site states some undeniable facts under Bernanke’s watch.
- The US has never experienced 3% GDP growth.
- The labor participation rate has fallen to levels not seen since the ‘70s.
- Inflation-adjusted median incomes have fallen 7%.
- The US’s debt load has risen from $8.4 trillion to over $16 trillion.
- The Fed’s balance sheet has increased from $800 billion to over $4 trillion (larger than the economies of Brazil, France and even Germany).
- Food prices have hit record highs fomenting revolutions in the Middle East and untold suffering around the globe.
- The Fed has funneled trillions of Dollars into both US banks and European banks.
- The Fed has allowed fraud, insider trading, and corruption.
The banksters demanded a bailed out because their derivative greed exacted losses that required an immense infusion of liquidity to rescue their balance sheets. Under Bernanke, the titans of finance have an unlimited line of near zero rate interest of new credit. When the establishment financial press applauds the savior of the economy, their loyalty towards corporatist governance, dictates that the economic interests and the public welfare of ordinary people is expendable.
Look to a prime example of this concentration of wealth and control. The Global 1%: Exposing the Transnational Ruling Class by Peter Phillips and Kimberly Soeiro, focus on BlackRock.
“BlackRock is one of the most concentrated power networks among the global 1 percent. The eighteen members of the board of directors are connected to a significant part of the world’s core financial assets. Their decisions can change empires, destroy currencies, and impoverish millions. Some of the top financial giants of the capitalist world are connected by interlocking boards of directors at BlackRock, including Bank of America, Merrill Lynch, Goldman Sachs, PNC Bank, Barclays, Swiss Reinsurance Company, American International Group (AIG), UBS A.G., Arab Fund for Economic and Social Development, J. P. Morgan Chase & Co., and Morgan Stanley.”
These crony capitalists are the prototypes that benefited from Bernanke decisions.
During the Bernanke era, the debt bubble entered the point of no return to solvency. His place in the history of shame sets the stage for further economic turmoil. The Federal Reserve after Ben Bernanke article indicates that the Fed is boxed into a pattern that is likely to escalate out of control.
“With the uninterrupted, increase in federal debt, much of which is held by the Federal Reserve, the prospects of achieving prosperity by growing the economy, when interests rates have been near zero, failed miserably. It becomes almost absurd to believe that higher rates on Treasury Bonds will succeed. The new chair of the Fed will be hard pressed shutting down Quantitative Easing.”
A depression in the real economy is foreordained with the retraction of credit to most enterprises. This starving of access to funding is a conscious and deliberate strategy to force competition out of business. The grand scale that the banksters operate on has little room for upstarts or hanger-on’s. At the end of this very destructive Bernanke term, the rich got fabulous more wealthy, as the country sinks into decline on so many levels.
With everything on the line, no country hosting a Olympiad can afford to take it easy on security – especially Russia.
With terror threats already made openly and through back channels, the Sochi 2014 Winter Olympics has already been ramped-up as one of the biggest security operations in events history. But there’s a bigger story unfolding here – a tectonic shift in world geopolitics.
Putin Winds Back His Gains of 2013
News reports now place the probable cost of the Winter Olympics in Sochi, Russia at more than $51 billion making them the most expensive-ever. Security costs help explain this. Vladimir Putin’s ironclad determination to make the games a success – makes them a rising political risk, not only for domestic political consumption but also a challenge to Russia’s federal unity and relations with its Asian neighbors, and internationally. Making the Sochi games a PR disaster is the goal of Putin’s enemies.
The Islamic Bomb Lady was officially seen by Russian police. They identified her as 22 year old terrorist Razmena Ibragimova, displayed on Russia’s official Sochi blog sites like the one above. Her terrorist credentials were bolstered by a clumsily falsified side-profile photograph, portraying her bulging neck probably hiding explosives behind her scarf. Officially she was part of the Volgograd bombing conspiracy and Razmena is now the Most Wanted Lady in Russia.
Once Upon a Time There was Pingpong Diplomacy
Cold war-era diplomacy of the 1960s included the “ping-pong diplomacy” US-China phase, but today’s Russia-Saudi Arabia jousting is measured by the number of body parts on the pavement after each designer bomb attack by a throwaway human suicide bomber. To date, Saudi Arabia has scored several direct hits against Putin’s Russia, but the ex-KGB chief is unlikely to take that lying down. Revenge hits against Saudi-backed Arab capitals, and against Riyadh-backed forces active in Syria are either certain or not impossible, to ram home the Putin message that Saudi Arabia is a small country on the edge of “The World Island” that talks a lot too loud – only thanks to oil.
At home in Russia, the Islamic kamikaze bombing scare, which in fact may have been Soviet-era agitprop not needing any Saudi petro-dollars or American nods to be executed, enables Putin to further seal the power of his New State apparatus. The new state is little changed from the old USSR, which set the southern Caucus Republics as the acid test arena for total power by Moscow.
Today, Razmena is placarded on wanted posters all across Sochi. According to one poster on display at all security checkpoints in Sochi’s airport, Ibragimova is “currently located on Sochi territory” and ‘could attempt a suicide bombing’ at any time, according to the poster.
Ramming home the fear message for visitors who will pay at least $500-a-day to be in Sochi for the Winter Olympics, she is described as having been spotted on the street near the Russian foreign ministry building, and in streets near the upmarket hotels of Sochi. Imagine that. Not great in terms of events marketing, but the Russian Bear can ill-afford to be shy this time around.
Stalingrad and the Terror Republic
Under its former name Stalingrad, today’s Volgograd was the Martyr City for Soviet resistance to Nazi Germany, but security analysts estimate that hundreds of the 2000-odd Islamic terror attacks on Russian Federal territory since 1990 have been in or around Volgograd. Veterans of the 1990s-era conflict waged by Moscow against breakaway independence movements state that at the time most of them flew the Islamic flag and were eager to receive Saudi petrodollars. The theater was however already widening across the Caucasian Republics including Chechnya, Ingueshetia, Daghestan, Tatarstan, and in Russian satrape republics such as Azerbaijan, and the 1990s veterans recall that in that period, ruthless terror-versus-terror tactics and strategy became the norm.
These veterans, some of them now Douma parliamentarians say the intensity of conflict has moved up, from that previous terror war level to a much wider “conflict of civilizations”, even a threat to the continued existence of Russia. Tom Nichols, a professor of National Security Affairs at the U.S. Naval War College cited by Stripes .com 15 January said the intensity of conflict.. “ has made the Russians — who already are used to a strong state security apparatus — far more willing to empower its internal security forces way beyond anything Americans would ever allow”.
Saudi terror strategy may be comfortable for its Riyadh purveyors, players and payers safe in Riyadh, when it concerns Mali, Niger, South Sudan, the Central African Republic or Riyadh’s other low-income Black African asymmetric war theaters, but in the Russia Caucuses this is a high risk gambit and historic conflict that Islam always lost. Inside the Russian Federation, longstanding political conflicts are already sufficient to make government difficult. Adding a layer of Saudi-financed and American-tolerated Islamic extremism may create a runaway process of domestic conflict – which for Putin and his oligarchs is exactly what they want to intensify and seal their total power.
For Russian leaders, the calls by some Syrian rebels for the creation of a fundamentalist Islamic state in their homeland sound uncomfortably similar to the goals of Doku Umarov, the Chechen leader of the so-called, ‘Caucasus Emirate’. The stated aim of Umarov’s group, designated by Moscow, and by Washington as a terrorist organization, is to establish an Islamic state on Russian territory. Chechen fighters like Omar Abu al-Chechen, who leads an expatriate jihadist force known as the Faithful Immigrant Brothers in Syria, have sparked Kremlin fears that the real goal of extremists is to make Syria into a base for future terror operations inside Russia.
Chechnya has become ever more critical to Kremlin strategists, the front line theater for Russian-Saudi conflict with Sochi an easy ride from its borders. This theater is particularly acute due to the fact that Syria has thousands of fighters who, according to the Russian Spetznaz special services, are a serious and real threat for the country. Ramzan Kadyrov, the former Chechen rebel placed in charge by Kremlin and an adept at counter-terror war, has on many recent occasions said that Islamist insurgents in Chechnya have reached “plague proportions” and in his view are only biding their time before moving north to Russia – and to Europe.
Syria Split Could Set Russia Alight
State Douma deputy and Foreign relations commission chief Anatoly Ermolin, with a long military track record in Chechnya and the Caucuses during the 1990s bluntly says : “I think this is one of the most dangerous things for any government. They (the Islamists) are very serious and believe they can organize an Islamic state….They consider (Russia) to be their territory. We are dry wood; it’s very easy to set fire to the situation.”
Ermolin is openly alarmed and alarmist because he believes the disastrous conflict in Syria divided Russia and NATO-member countries into two camps, with the US-led west leaning to support or at least tolerance of the Islamists, despite the increasingly frenzied extremist nature of Syria’s opposition. For Russia this means it is next in line for destabilization, by Islam under the guise of, and stoked by Western-Russian rivalry and conflict. Ermolin says there can soon be a major realignment of international relations and vital interests.
Add the Saudi terror chief, Prince Bandar Bin Sultan (photo, left) into this mix and the fuse is nearly lit. The London Telegraph reported back in October about Saudi Arabia’s under the table offer to Russia for a chance to ‘control the world’s oil market’ in some type of strategic alliance between OPEC and Russia – but only if Russia would wash its hands of the Assad regime in Syria. That was the carrot. The stick was somewhat more barbaric:
Bandar threatened to unleash his Chechen terrorists in order to shutdown, and possibly kill civilians at Sochi. He is alleged to have said:
‘‘I can give you a guarantee to protect the Winter Olympics next year. The Chechen groups that threaten the security of the Games are controlled by us’’
Beyond Saudi Arabia international racketeering and extortion, in there is fear in Germany, France, the UK and Italy – as there is in Russia, of what happens when thousands of young “jihadis” return from the Syrian war. Russian foreign relations experts like Ermolin say this will be the acid test, and in the Middle East will surely and certainly coincide with the equally rising threat of more open and wider conflict between Sunni Saudi Arabia, and Shia Iran. The dangers of another Iran-Sunni war like the 1980-88 Iran-Iraq war are claimed by Russian policy experts to have been completely underestimated in the west. As they and Russian military analysts say, the potential for a repeat of the 1980-88 war “going nuclear” is high.
Russian experts also say the dangers of Iran itself destabilizing and “turning to terror” have been ignored or underestimated in the west. Both Saudi Arabia and Israel, backed by the US and several EU countries, especially France give either open or covert support to anti-Iranian Sunni terror movements, making all out Iran-versus-Sunni war the logical follow-up. In the case of Iranian defeat, spillover will, the Russians say, be large scale regional, not contained. As a result, although never stated as a driver for US and European thawing towards Iran, the risk of Iran being destabilized have to be taken seriously.
Whistling in the Dark
To date, western understanding of the war theater’s dimensions and component drivers is, Russians say, woeful. The USA’s Boston Bombings, for example, were laughably unprofessional pinpricks. European domestic experience of eradicating Islamist insurgents, they add, is close to zero making for permanent underestimation of the threat.
Reasons for this western blind spot to the insurgent threat, which in Russia now straddles both ethnic religious and nationalist political lines – notably in Tartarstan – can be traced to different Russian and western interpretations of geopolitics. For Russians, even in the 1930s Stalin era, Halford Mackinder’s theory of “The World Island”, centered on Russia but spreading south through the Caucuses to Arabia, North Africa and Europe was taken as a game plan and threat – or prize – for the USSR. Putin’s Russian Federation of today is driven by geopolitical hopes and fears linked to the Mackinder theory.
To be sure, Washington has decided the dispatch of a small anti-terror group of experts to Sochi, more for protecting US athletes and comforting domestic political opinion than aiding Moscow, but soon, analysts and Russian leaders say, Moscow and Washington will have to collaborate better. To do this, they will have to set aside other issues that get in the way. The USA’s new isolationism, however, may also hamper this needed collaboration, and like the Europeans, the US may be tempted to turn Russia’s difficulties to its advantage – by pouring oil and Saudi petro-dollars on the fire.
Senior Russian political figures like Alexander Khinshtein, Vice chairman of the State Douma’s Security and anti-corruption commission, make it plain that formerly contained, localized and specific Islamic terror threats and action have massively changed since the 1990s. Khinshtein says that “Terrorism cannot be a local problem; it is not a problem for just one place.” Russian news releases and investigations concerning the Volgograd bombings already say these attacks – which are part of a longstanding organized campaign – link closely to non-Islamic political independence movements in Russia’s Caucasian republics.
The challenge from the Islamic south, to Russia’s “world island” has now mutated and coalesced with other movements and issues that, in the 1990s, were totally separate. The Sochi theater for terror war and counter-terror war concerns the whole world.
Source: 21st Century Wire
The tradeoff for cheap goods and financial cronyism is coming back in a big way…
There is always a tradeoff in economics. The adage about a free lunch comes to mind to the rise of low wage capitalism in America. It is a complicated web driven by financial cronyism and a system largely driven by ignoring the plight of the working class. The story of US manufacturing is probably one tiny example of how we exported our middle class in exchange for cheaper goods and a massive amount of income inequality at the top. Yet there is a winner here as well. While the US middle class is shrinking the middle classes of China and India are growing and so is ourincome inequality. This trend tends to grow the economies overseas bus has placed a large burden on the unskilled and working class in the US. This is possibly an inevitably given the global nature of our markets. When you get addicted to low cost goods, you may find yourself in a race to low wage capitalism. In the US and Europe people would not take on the jobs that pay near wage-slave levels and have terrible working conditions in countries that are now booming. While the top wage earners in the US are doing fantastic protected by Wall Street and Washington D.C. (many are diversified across the world), those who get paid in US dollars and come from the working and middle class are having a tough time adapting. The tradeoff has been coming home to roost in a big way.
A low wage bias
While the recession ended in the summer of 2009, the jobs that have been added since then have largely tended to favor low wage employment. Hard to export cashiers and food service workers (although the industry is getting closer to automating those jobs as well). Nothing happens at once. The gradual erosion of the working and middle class goes back a generation. So it is no surprise that this recovery has largely been one of low wage employment. This is why young American workers are in such a tough position with student debt, wages, and being able to purchase a home.
The low wage hiring bias is evident:
A large amount of hiring has come in the form of lower paying and temporary work. You might say this is simply the modern way of things. Yet the massive financial bailouts during the crisis have protected the financiers of Wall Street to the point that they are fully recovered. The crisis occurred largely because they systematically gambled America away by creating instruments of debt to implode the economy. Some hedge funds actually made wealth by betting America’s economy would fail and encouraged the pushing of additional bad mortgage debt to increase their gains when things went bust.
The problem of course is that we have a system where austerity is the new game in town for working and middle class Americans while the financially connected get to fail and put the bill on those who least can afford it. Take a look at the drop in manufacturing jobs and the growth of our financial sector:
In 1960 you had roughly 8 manufacturing jobs for each one in finance. Today this is less than 2 manufacturing jobs per each job in finance. In the real economy, we still purchase goods that have to be made (i.e., cars, real estate, etc). Yet we have a giant industry that for the most part, is rent seeking. Is high frequency trading making things better? What about the crazy unrestricted derivatives market? With real estate most of the recent sales are going to investors. In other words, the shifting of current real assets in the world into the hands of fewer people.
Even in the once stable construction field, we see weak job growth in spite of a booming real estate market.
Why? Because most of the trading is going to investors looking for deals, not new families pushing for new demand on new homes. New home sales are still weak. Of course that should be expected when the typical American worker is making something like $27,000 a year and the median household income is $50,000 a year. Adjusting for inflation, this is now back to levels last seen in the 1980s:
The tradeoff has been tough but people like cheap goods. It is easy to offshore this development and have workers on the other side of the world work for menial wages so people can buy cheap goods. Yet at a certain point, the market hits an equilibrium and the pain comes back home. Once this happens it can be very quickly as we are seeing now with the middle class being hollowed out. At least we’ve done a good job exporting our middle class outside of the US.
Source: My Budget 360
Ynet reports in the last few days that an FBI investigation into Republican Congressman Michael Grimm’s campaign finances ties him to Israeli Rabbi Yoshiyahu Pinto through donations of more than half a million dollars, and has also led to suspicions of senior Israeli police officers accepting bribes from Pinto.
The affair came to light due to an FBI wiretap agreed to by Pinto as part of a settlement with the bureau, after Pinto filed a blackmail complaint resulting the rabbi having to testify against Grimm, the New York Republican Congressman and former FBI agent.
The New York Times reported that Grimm was in contact with Ofer Biton (an ex Porn distributor), one of Pinto’s assistants, in order to raise money for his election from the rabbi’s followers.
Grimm, it said, had good reason to turn to the popular rabbi since he needed a great deal of money. Pinto supplied the funds to the Republican incumbent, a Catholic who prays every Sunday in church.
Grimm was able to raise more than half a million dollars – which comprised half of his total fundraising for the election, the FBI revealed.
Biton is being investigated on the suspect of embezzling millions of dollars from Pinto’s followers. The New York Times also reported that there were illegal donations that included cash transfers and straw companies. The followers said they gave the money because Biton said Pinto wanted his followers to donate to the politician.
The message must be clear. America must target all Jewish lobby groups and block the possibility of foreign interests interfering with its politics politicians, domestic and international interests.
Two rather interesting things have happened to me lately. First, I had one of my teeth pulled this week — totally not a fun experience. And, second, while still oozing pain and eating Hydrocodone and climbing the walls, I started reading a book about plants by Michael Pollan, entitled “The Botany of Desire”. So now I have suddenly become an expert on both pain-killers and gardens.
Having one’s tooth pulled is like, er, pulling teeth. It really hurts. So from now on I plan to brush and floss constantly and do whatever it takes to keep my remaining teeth healthy and clean. Someone recommended gargling with Bombay Sapphire twice a day. I’d try even that.
Even though the student doctor who pulled my tooth at the UCSF School of Dentistry was an angel of mercy combined with Dr. McDreamy, having one’s tooth extracted is never pretty. I kept reciting that mantra “Challenges make me stronger” in the dental chair and silently doing jin shin jyutzu – but even that didn’t work. I’m a wimp. And not only that but once the tooth was out, they wouldn’t even give it back to me to give to the Tooth Fairy. Rats.
Then, once finally back home and safely collapsed into bed, I took some of those “opioid” pain-killers they gave me — and dreamed that I was an escaped convict running a funeral parlor in my childhood hometown (Millbrae) and hiding under my daughter Ashley’s bed (probably from NSA). Forget that. No more weird Kubla-Khan dreams for me. I’m sticking with aspirin.
Now I’m wishing there was something I could do to replace my poor sweet little lost tooth, but there doesn’t seem to be anything. Getting a dental implant is expensive — $3,000 per tooth, even done by a dental student. Who can afford that? Not me. So now I’ve got a big gap in my teeth. How ugly is that! However, I won’t be alone for long. Two-thirds of America will soon be joining me in being gap-toothed as well unless affordable dental insurance becomes available reasonably soon. But if not, then we’ll all be totally ugly together, not just me. America goes third-world. Who would have thought.
I also have a postage-stamp sized garden attached to my apartment, which grows nothing. According to Michael Pollan, this shouldn’t be happening — unless there has been some really heavy-duty weed killer sprayed there at one time. Yes, there was. But not by me. So, apparently, what I need now is all new dirt. And at the rate that American agribusiness keeps using millions of tons of herbicides and pesticides each year, all of America will soon be needing all new dirt too.
“Actually, it’s not the heavy use of herbicides and pesticides that is causing the most problems on huge agribusiness farms,” to summarize one of Pollan’s chapters on the potato, “but rather the monoculture nature of their crops. Organic farmers can vary and rotate what they plant and thus stave off insect and fungal infestations — but if your main customer for potatoes is McDonalds, then you have to plant Burbank russets and only Burbank russets all of the time. So it is Americans themselves that are causing the major use of [stuff] like Roundup and Roundup-Ready GMOs.”
So if I promise to plant a huge variety of everything in my garden, from fingerling potatoes to roses to dandelions, then will at least SOMETHING finally grow?
And will I also be able to grow a new tooth?
Aside from Michael Pollan, why else have my thoughts been turning to gardening lately? In the middle of freaking January? Because this winter has been the sunniest one in Berkeley that I have ever seen. It’s like freaking summer here now, like July, every day — even going beyond April or May. www.weather.com even declared Berkeley a drought area the other day. Time to bust out the seeds.
Michael Pollan also wrote about cannabis in his book on plants. “Marijuana doesn’t make you forgetful of everything. It just makes you forget [stuff] that’s not important.” Interesting. I always forget names. So I guess names aren’t all that important or necessary for me to remember. Whew. I’m off the hook then. Am not getting senile dementia after all, just sorting out my priorities.
And maybe that’s why Alzheimer sufferers forget so much mental stuff too — they might be shutting down everything that won’t immediately help them to cope with this devastating disease (yes, I know that Alzheimers also rots its victims’ brains — but isn’t that just one more good reason for them to shut said brains down?)
With regard to raising the minimum wage here in soon-to-be-toothless America, wouldn’t it make more sense to just cut the rate of inflation instead? Starting by eliminating the Federal Reserve and its tendencies to print meaningless Monopoly money and to finance Endless War? And, while we’re at it, let’s stop giving out billions in “food stamps” to corporate welfare queens like Bank of America, BP, WalMart, Halliburton and Monsanto. Works for me. And can we also please bring our millions of jobs back from overseas too?
Back in 1963, I made $1.75 an hour while working in the post office on weekends and during summers. With this money plus some help from my parents (yes, they could also afford to help me back then), I was able to graduate from San Jose State College without requiring any student loans. And in 1966, when I got a big salary-bump to $3.50 an hour for working the stamp window instead of sorting mail, I was able put myself through graduate school at UC Berkeley, just by working during summer vacations. Can you even imagine staying alive and not homeless in Berkeley today on that kind of salary — let alone paying for your tuition at Cal as well.
What has happened to all of America’s jobs and wealth since the 1960s, back when we were the richest country in the world? That’s a no-brainer. It’s all flown away into the pockets of Wall Street mega-bankers, the numbered Cayman accounts of war profiteers and the fat wallets of all those corporate welfare queens who currently own and run our government.
While it’s always a good idea to raise America’s minimum wage a few dollars, it’s also important to stop runaway inflation — and to also start lowering a certain type of maximum wage as well: The maximum amount that rich guys can steal from us before they get sent to jail.And we need to put some teeth into these new regulations too.
The globalists put their plan into motion decades ago. The proper meaning of the headline is not that China is an economic miracle, but that the United States, systematically stripped of its industrial might, is destined to fall even further. The Chinese economy is a haven of direct transnational integration. The outsourcing of manufacturing from domestic capacity is not solely a response of cheaper economic cost of goods production. No, the underlying reason for the migration of product assemblage is to weaken an independent American economy.
The news of this long awaited milestone, primarily announced in the foreign press, almost has a ring of glee. The Guardian reports that China surpasses US as world’s largest trading nation.
“China’s annual trade in goods passed the $4tn (£2.4tn) mark for the first time last year according to official data, after exports from the world’s second largest economy rose 7.9% to $2.21tn and imports rose 7.3% to $1.95tn.
As a result total trade rose 7.6% over the year to $4.16tn. The US is yet to publish its 2013 trade figures, but with trade totaling $3.5tn in the first 11 months of the year, it is unlikely to beat China.”
“It’s always been a matter of time until China surpasses the US … and there are good reasons to believe that China is likely to retain this pole position for the foreseeable future.
“The trade figures look very healthy and the factors underpinning them are structurally sustainable. It is hard to see them being reversed significantly, at least in the short to medium term.”
Contrast this viewpoint with the assessment out of Marketwatch.
“And let’s not forget: The economic data out of Chinese agencies has long been seen as a bit questionable. Even the country’s own statistics office has said it is trying to clean up the inaccuracies. As our own Michael Kitchen points out, trade data has come under particular suspicion, as businesses disguise some money flows as trade to try to bypass controls.”Of course, the U.S. press continues to make excuses that conceal the betrayal of American trade policy goals and practices. These are the same business journalists that repeat the statistical figures coming out of recent administrations that need revisions, when caught in dramatic errors of omission or deception.
Proponents of a structured destruction of America’s economy, laud international trade, as long as it slanted to eliminate domestic survival and reduces our standard of living. This lunacy, stated in Benefits of International Trade, does not square with the aftermath of a trade deficit that has become a permanent fixture.
Some important benefits of International Trade
- Enhances the domestic competitiveness
- Takes advantage of international trade technology
- Increases sales and profits
- Extend sales potential of the existing products
- Maintain cost competitiveness in your domestic market
- Enhance potential for expansion of your business
- Gains a global market share
- Reduce dependence on existing markets
- Stabilize seasonal market fluctuations
Now examine the real significance of this “Free Trade” globalist plan for America.
1. How can domestic competitiveness improve, when entire industries move offshore?
2. Where is the advantage in developing new technology domestically and transferring it to foreign plants, even if owned by “so called” U.S. national companies?
3. Increase sales and profits, booked by foreign subsidiaries, means that the capital is not repatriated back.
4. If products produced domestically, shipped, and sold to overseas markets, there would be a valid benefit. However, the direction is in reverse.
5. Maintaining cost competitiveness translates into closing domestic facilities.
6. Expansion of business means look overseas because domestic consumers have less money to spend.
7. Oh yes, the holy grail of market share, means last company standing, since domestic markets have reduced sales.
8. Yep, now that existing domestic markets are sinking, move your boat to a different ocean.
9. Seasonal fluctuations means that booms are past profit spikes, the new normal is a perpetual dip.
The Chinese perspective as reported in China Daily from Wang Haifeng, a researcher with the Institute for International Economic Research at the National Development and Reform Commission, needs especial emphasis.
“The size of the value of the trade in goods tells just one side of the story. The other side is that China’s export competitiveness, as well as the competitiveness of its trade structure, is far behind the US. The competitive advantage of US exports centers on its technology, quality and brands, with added-value being very significant. China’s export prices are much cheaper on average and a large part of its exports are from OEMs (original equipment manufacturers),” Wang said.
When an economic system intentionally transfers their technological advantages, inventions and intellectual edge to a foreign country so that companies can avoid domestic taxation or onerous regulation, the future adverse and inevitable consequences with such relocations, are preordained.
According to World Bank data, in 2011, the US GDP reached $15 trillion while China totaled $7.3 trillion. Just how long will it take this gap to narrow and surpass the U.S. GDP?
If a comparison of gambling revenue is a leading indicator, just look at Chinese Territory Broaden Lead as Global Casino Capital. “It now takes Macau’s gamblers just one day to wager what’s bet in an entire week on the Las Vegas Strip.” To make thing even worse, Nevada’s biggest casinos lose $1.35B in 2013.
This example demonstrates the extravagant cash flow and disposable income that is circulating in China. Much of this opulence comes from the pocketbooks of struggling Americans, who buy essential or sustainable goods that have a made in China label.
Tech firms transfer the secrets of their products and software to their Chinese partners as the U.S. government subsidized consumer or the remnant middle class, just deepen this destructive cycle. This absurd economic bargain drives the wealth disparity to irrational levels. That is exactly the objective of the globalists, and the rest of us are mere spectators as the Chinese laugh at our stupidity.
Ain el Helweh camp, Lebanon – It’s not just the leadership of the Zionist regime still occupying Palestine, six decades after the 1948 Nakba, that appears to be salivating at the current stoking of current tensions between the Palestinian Resistance and in some respects, its historic off-spring Hezbollah.
From Tel Aviv, to Amman, Riyadh, the Gulf Kingdoms to Washington DC and beyond, the forces allied against the Tehran-Damascus-Hezbollah-Palestinian Resistance are working on yet another project to weaken and hopefully destroy all four.
It won’t be easy, but it is reportedly a key element among the anti-Resistance forces still seeking regime change in Syria. Even while some of these governments have been playing down their central goal of regime change in public. The same governments appear to be fantasizing that by building up the Lebanese army with a pledged $three billion from Riyadh, its troops will somehow confront Hezbollah and its allies as part of a long-term “beat em or bleed em” project.
Patrick Cockburn writing recently in the UK Independent and Counterpunch accurately summarized situation of “Anti-Shia hate propaganda spread by Sunni religious figures sponsored by, or based in, Saudi Arabia and the Gulf monarchies, is creating the ingredients for a sectarian civil war engulfing the entire Muslim world.”
The egging on the Palestinian and Hezbollah to confront each other has increased over the past three months in Lebanon’s camps and particularly from some of the local Sunni and Christian power centers. This in addition to continuing support for various ‘militia of the month’ groups terrorizing the population of the Syrian Arab Republic, as well as essentially imprisoning without food and medical care the remaining 17,000 out of a March 2011 population of 250,000 Palestinian refugees in Yarmouk camp in Damascus.
This is not to say that there are no continuing, and sometimes long held tensions among a small percentage of the Palestinians in Lebanon and some among Hezbollah and its allies, the Amal Movement and Michele Aoun’s, Free Patriotic Movement (FPM). It is the latter who is among the most anti-Palestinian of the Christian warlords and who some in Hezbollah and Palestinian factions cite for blocking Hezbollah from pushing for the right to work and to own a home for Palestinians in Lebanon. As for Amal, this Hezbollah’s Shia ally, is widely believed to have killed more Palestinians in Lebanon during the 1985-88 camp massacres ( it’s a misnomer to call them “wars” as the camps were basically defenseless) than Zionists have in the past 60 years. To this day, many Palestinians take deep umbrage with the long-time Amal leader posters placed outside Shatila and other camps since he is fairly universally despised by Palestinians in Lebanon for giving the orders for slaughtering so many of them. Attempts to remove his posters-portraits from Palestinian camps which are considered a provocation by many, risk facing his armed militia that occupies part of Shatila. The Sunni and Shia populations in the camps largely co-exist in a tense but generally peaceful juxtaposition with refugees from Syria. But it’s not the quality of relations that obtained before the Syria crisis and Hezbollah’s involvement there.
Hezbollah also has several reasons to question Palestinian support of the “National Lebanon Resistance” which the Party of God leads. There has been some evidence of individual Palestinians supporting anti-Hezbollah militia forces and political parties in Lebanon, and, according to camp officials they admit that some individual Palestinians go and return to Syria to fight against the Assad regime. Some who are close to Hezbollah claim that many Palestinians don’t appreciate that the organization is the main supporter of their cause to return to Palestine and are ingrates for all that Hezbollah does for them. Rebuttals include that regrettably Hezbollah has done little for Palestinians living in Lebanon’s camps and that Hezbollah has to date refused to use its political power to force Lebanon to comply with international law and grant elementary civil rights to them, including the rights to work and to own a home.
Against this backdrop, Al-Nusra Front leader Abou Mohammed al-Jawlani said that the Al-Qaeda-linked organization is active on Lebanese soil in order to help the Sunnis including Palestinians face the “injustice” of Shiite Hezbollah. “Lebanon’s Sunni are requesting that the mujahideen intervene to lift up the injustice they are suffering from at the hands of Hezbollah and similar militias,” Jawlani said in an interview on Al-Jazeera recently.
Shiite-populated areas across Lebanon have been the target of terror attacks since Hezbollah declared it was fighting on the side of the Syrian regime in May. Three car bomb attacks have targeted southern Beirut in recent months while a number of IED attacks have occurred in Lebanon’s Beqaa Valley.
The head of the Islamic Jihadist Movement in Ain al-Helweh camps, Sheikh Jamal Khattab, voiced fears on 1/8/14 of a possible armed sectarian confrontation between Hezbollah and Palestinian refugees in Lebanon if the party did not revise its policies at home and in Syria. Sheikh Khattab told the Beirut Daily Star that “any fighting between Palestinians and Hezbollah could be worse than the three year violence between the Amal militia and Palestinians in the 1980’s, known as the “war of the camps.” (read: massacres) That conflict in which largely Shia forces attacked Sunni was not considered particularly sectarian and Hezbollah helped end it and protect the overwhelmingly Sunni Palestinians civilian population. Today it would be a Sunni vs. Shia war with regional and international consequences given the poisonous sea-change in sectarian relations since the invasion of Iraq in 2003.
In Ain al-Helweh and other camps, posters of local men killed while fighting alongside Syrian rebels or against U.S. troops in Iraq are tacked up throughout the camp. Lebanese security sources claim that Palestinian Islamist groups in Ain al-Hilweh, particularly Usbat al-Ansar, Jund al-Sham, Fatah al-Islam, other Salafist groups and supporters of controversial fugitive Sheikh Ahmad al-Assir have all finalized preparations to defend Sidon against any attack by Hezbollah’s organized and trained “Resistance Brigades”. Rumors abound that these groups are being financed for this purpose by certain of the six Gulf Cooperation Council countries and some Lebanese pro-Western March 14 parties. These groups and some of their sponsors consider conditions ripe in Lebanon for an expanded war against “Shia infidels” and have plans to bring it here. Several groups now fighting in Syria claim to seek a wider war “against Shia infidels “and pledge to bring the Sunni-Shia war here.
The Palestinian Follow-Up Committee, the Palestinian Liberation Organization, Fatah and the Palestinian National Security Forces have all strongly condemned as haphazard any irresponsible accusations against Ain el-Hilweh refugee camp after the assassination of ex-Finance Minister and former Prime Minister Saad Hariri’s adviser, Mohammed Shatah, Also recent harassment of passersby near Ain el Helweh camp remind some of the tight grip the army continues on Nahr al Bared, near Tripoli in the north of Lebanon. Based on interviews by this observer with residents of Ain el-Helweh, there clearly are supporters of the Islamic State of Iraq and Greater Syria (ISIS), the Nusra Front, Al-Qaeda and the Abdullah Azzam Brigades among others. But one can find the same across Lebanon especially in Sunni areas. The officials claim that while they cannot prevent anyone from joining the fighting in Syria, all Palestinian groups in Lebanon and Syria and elsewhere have consistently maintained their policy of non-involvement in the Syrian crisis. Yet some Palestinian Islamist factions and camp residents criticize Hezbollah’s armed support for Syrian President Bashar Assad.
For their part, some pro-Hezbollah groups and many Lebanese citizens are suspicious of possible Palestinian involvement in recent terror attacks in Dahiyeh and the recent bombing of the Iranian Embassy. In point of fact, one of the two suicide bombers who attacked the Iranian Embassy on 11/17/13 was a Palestinian named Mouin Abu Dahr. His mother is a Shiite and his father a Sunni. Ain al-Hilweh is also in the spotlight currently due to the arrest of Majid al-Majid, the leader of the Al-Qaeda-affiliated Abdullah Azzam Brigades. Majid is believed to have lived in Ain al-Hilweh since 2012.
Israel and its new and longtime allies seek Sunni-Shia war and the sooner the better. They also favor the continuation of the Syria crisis for the reason they consider Hezbollah is squandering some of their best fighters and commanders and well as their weapons stores. Western Diplomats have spoken about US-Israeli hopes that Syria will be Hezbollah’s Achilles heel and Iran’s Vietnam. Meanwhile Israeli media has commented on the views of some officials who are claiming that Hezbollah has shifted its attention to Syria and away from the southern front with occupied Palestine.
Time will tell.
But for its part Hezbollah maintains that by defending Lebanon and fighting ” takferi terrorists” it is using only five percent of its capacity to confront Israel. One source close to the Resistance reported that “Hezbollah has self-sufficiency when it comes to the missiles, strategic and non-strategic weapons. All these weapons are quite abundant. Any additional equipment will constitute a negative factor because there is no need for them. All the weapons that are manufactured by Iran or owned by Syria are also available for Hezbollah. The land forces and the Special Forces fighting in Syria have acquired a lot of practical and intelligence related experience and a force of maneuvering on the land. This experience will be used when the war with Israel begins again.”
The Sunni and the Shia just as with the Palestinians and Hezbollah need each other for many reasons including to confront growing Islamophobia, anti-Arab hate propaganda and the deepening and broadening Apartheid occupation of Palestine.
All must work to tamp down their differences publicly and privately while working to neutralize both Sunni and Shia sectarian provocateurs, domestic, regional and international that today are seeking internecine and sectarian violence in order to weaken both.
Canada’s Conservative government is trying to convince Canadian Jews to support its right-wing imperialistic worldview.
Prime Minister Stephen Harper recently spoke to the annual Toronto gala of the Jewish National Fund, which has a long history of dispossessing Palestinians and discriminating against non-Jews.
Echoing the words of Theodor Herzl, a founder of political Zionism, Harper told the 4,000 attendees that Israel is a “light of freedom and democracy in what is otherwise a region of darkness.”
Shortly before this event the Minister for Employment and Social Development Jason Kenney spoke at the launch of the Canadian chapter of the Middle East Media Research Institute (MEMRI). Established by a former colonel in the Israeli military, MEMRI selectively (mis)translates stories from Arab and Iranian media in a bid to advance expansionist Israeli interests.
Kenney told the audience assembled at Montreal’s Shaar Hashomayim Synagogue that MEMRI is “a peaceful weapon of truth-telling in a civilizational conflict in which we are all engaged.”
The comments from Harper and Kenney certainly play well with those in the Jewish community committed to Israeli and Western imperialism, but they also spur that sentiment. Most people respect power and when leading politicians say a country is involved in a “civilizational conflict” against “a region of darkness” it tends to shape opinion.
Few Canadian Jews — or others among the target audience for that matter — realize that Harper and Kenney don’t take this “clash of civilizations” talk literally (if they did they wouldn’t be deepening political ties with a number of Middle Eastern monarchies and selling billions of dollars in weaponry to the region’s “darkest” regime, Saudi Arabia.)
While the Harper government’s pro-Israel comments are particularly extreme, they are far from unique in Canadian history. For more than a century non-Jewish Canadians have promoted a Jewish homeland in Palestine.
Similar to Europe, Zionism’s roots in Canada are Christian, not Jewish. Early Canadian support for Zionism was based on the more literal readings of the Bible that flowed out of the Protestant Reformation.
They were also tied to this country’s status as a dominion of the British Empire, which in the latter half of the nineteenth century began to see Zionism as a potential vehicle to strengthen its geostrategic position in the region.
At the time of confederation, Canada’s preeminent Christian Zionist was Henry Wentworth Monk. To buy Palestine from the Ottoman Empire in 1875, Monk began the Palestine Restoration Fund.
Unsuccessful, seven years later he took out an ad in the Jewish World proposing a “Bank of Israel” to finance Jewish resettlement. Irving Abella’s book A Coat of Many Colours: Two Centuries of Jewish Life in Canada describes Monk as “an eccentric but respected businessman” who took up a campaign in Canada and England to raise funds for buying land in Palestine during the 1870s and 1880s.
“In 1881 Monk even proposed setting up a Jewish National Fund,” Abella writes. “He issued manifestoes, wrote long articles, spoke to assorted meetings and lobbied extensively in England and Canada to realize his dream.”
Monk called for the British Empire to establish a “dominion of Israel” similar to the dominion of Canada. In the 1978 book Canada and Palestine, Zachariah Kay notes: “Monk believed that Palestine was the logical center of the British Empire, and could help form a confederation of the English-speaking world.”
Monk was not alone in Canada. Citing a mix of Christian and pro-British rationale, leading Canadian politicians repeatedly expressed support for Zionism. In 1907, two cabinet ministers attended the Federation of Zionist Societies of Canada convention, telling delegates that Zionism had the support of the government, according to Kay’s book.
Kay’s book also states that Arthur Meighen, then solicitor-general and later prime minister, proclaimed in November 1915: “I think I can speak for those of the Christian faith when I express the wish that God speed the day when the land of your forefathers shall be yours again. This task I hope will be performed by that champion of liberty the world over — the British Empire.”
The 1917 Balfour Declaration, which declared British support for a Jewish homeland in Palestine, boosted support for Zionism in this country. In the years thereafter, Canadian politicians of various stripes repeatedly urged Jews (and others) to support Zionism.
During a July 1922 speech to the Zionist Federation of Canada, the anti-Semitic Prime Minister Mackenzie King “was effusive with praise for Zionism,” explains David Bercuson in Canada and the Birth of Israel. King told participants their aspirations were “in consonance” with the greatest ideals of the “Englishman.”
A dozen years later, Prime Minister R.B. Bennett told a coast to-coast radio broadcast for the launch of the United Palestine Appeal fund drive that the Balfour Declaration and the British conquest of Palestine represented the beginning of the fulfillment of biblical prophecies.
According to a 1962 book by Canadian Zionist Bernard Figler, Bennett said, “When the promises of God, speaking through his prophets, are that the home will be restored in the homeland of their forefathers…Scriptural prophecy is being fulfilled. The restoration of Zion has begun.”
Jewish Zionism must be understood from within the political climate in which it operated. And Canada’s political culture clearly fostered Zionist ideals.
British imperialism, Christian Zionism and nationalist ideology were all part of this country’s political fabric. Additionally, in the early 1900s most Canadians did not find it odd that Europeans would take a “backward” people’s land, which is what settlers did to the indigenous population here.
A number of books about Canada’s Jewish community discuss how elite Canadian Jews, especially after the 1917 Balfour Declaration, were more active Zionists than their US counterparts. In Canada’s Jews: A People’s Journey, Gerald Tulchinsky explains: “The First World War accentuated differences between Canadian and American Jewry. For example, loyalty to Britain’s cause provided Zionists with opportunities to identify their purposes with Britain’s imperial mission.”
When British General Edmund Allenby led a campaign in late 1917 to take Palestine from the Ottomans as many as 400 Canadians (about half recruited specifically for the task) fought in Allenby’s Jewish Legion. Sometimes beleaguered Jewish communities were praised by the media for taking up England’s cause to conquer Palestine.
Since Israel’s creation in 1948 different Canadian governments have expressed varying degrees of support. But overall, the laudatory public declarations have continued.
After a long career of support for Zionism as external minister and prime minister, Lester Pearson referred to that country as “an outpost, if you will, of the West in the Middle East.”
External Affairs Minister Don Jamieson echoed this sentiment in an October 1977 speech. “Israel is an increasingly valuable ally of the West and Jews and non-Jews alike should see to it that Israel remains … an ally of the Western world,” Jamieson said. “We in Canada must see to it that when Israel is making such tremendous sacrifices, we should stand ready to help Israel with oil and material assistance.”
Yes, the current government is more aggressive in its public declarations than any before it and this has helped drive the establishment Jewish community to an even more hardline position.
To the Conservatives’ delight, two years ago the ninety-year old Canadian Jewish Congress was disbanded by its wealthy donors in favor of an even more Israel-focused Centre for Israel and Jewish Affairs. Similarly, the Conservatives’ strong ties to Christian Zionism has prodded the Zionist lobby group B’nai Brith to deepen its ties with Canada Christian College and the prominent right-wing evangelist Charles McVety.
At the same time, the anti-racist sectors of Canada’s Jewish community have made major strides in recent years. Groups such as Independent Jewish Voices, Not In Our Name, Jewish Voice for Peace, the International Jewish Anti-Zionist Network, Women in Solidarity with Palestine and Jews for a Just Peace, have undercut the notion that all Canadian Jews support Israeli policy or Zionism. But these groups are unlikely to become dominant voices within the Jewish community until there is a shift in Canada’s political culture.
Canadian Zionism has long been part of the religious and political establishment. In every community there are those who take the side of the rich and powerful.
Source: Global Research