Volatility in the currency markets, bond markets, and stock markets likely has a lot of people on Wall Street feeling a bit worn out. Taking a summer vacation in the Hamptons might just be their best idea.
The coming months promise to be anything but quiet and predictable. Here are a couple of items that may yield profound implications for stock, bond and currency investors before summer ends…
The Threat of an Official Recession Is Looming
The next few months are critical for the U.S. economy. The official definition of recession calls for two successive quarters of negative GDP. First quarter GDP came in barely positive, initially estimated at 0.2%, but it will be revised twice before July. Some experts expect it will wind up in negative territory.
The U.S. trade deficit recently came in much larger than expected. The higher deficit will, setting other factors aside, translate to lower GDP. Investors will get a look at 2nd quarter GDP in late July and pessimism among forecasters is growing.
So far U.S. equity investors are hoping for the best, or at least hoping the Fed will reverse course on tightening. Stocks are shrugging off bad news and powering higher with price-to-earnings valuations climbing into the nosebleed section.
It is hard to imagine valuations at these levels holding if investors and high frequency trading algorithms must grapple with an official recession. Of course, should the Fed announce some new form of stimulus in response to bad news then all bets are off.
The End Is Nigh for Greece
The Greek government is running out of tricks to avoid a default. Last week, officials there paid €750 million Greece owed to the IMF by borrowing €650 from the IMF; a last resort gimmick they won’t be able to repeat.
Absent finding an agreement with lenders to modify loans and dramatically reduce what is owed, the Greeks will be in outright default as early as next month. This summer should tell the tale on Greece’s future within the European Union.
Should Greece default and exit the EU, it will be the first event of its kind, and it has the potential to open a Pandora’s Box. There will be bank failures within Greece and pain for anyone holding Greek debt. It could pave the way for bankruptcy and an exit in a number of other nations where finances are also in shambles. And no one can confidently predict the outcome in derivatives markets where banks and hedge funds have been making highly leveraged bets.
Should the Greeks manage to reach an accord with lenders, markets will have to contend with a different set of challenges. You can bet other overly indebted nations including Ireland, Spain, Portugal, and Italy will aggressively pursue similar deals. The pain for bond holders isn’t likely to end with Greece.
The EU has a flood of bad debt swirling around its knees, but officials there continue to pretend they stand on solid ground. Regardless of whether Greece defaults outright or manages to cut a deal, it looks like the pretending will have to stop – and soon.
Can one imagine how difficult it was for America’s founders to actually make the decision to separate from Great Britain? England was the Motherland. The Crown was the central government. For all of their lives, the government of Great Britain was the only government they had ever known. The history of England was their history. Not only that, these men had never experienced any other system of government. Neither was there history to guide them. A monarchical form of government was all they knew. The “divine right of kings” was inculcated into their hearts and minds via virtually every established institution, including the Church, from the time they were born.
The Magna Carta had paved the highway of philosophy for the acceptance of self-government and individual liberty, but it was hardly practiced. King John signed the charter under extreme duress and then spent the rest of his reign in bloody retaliation against those who had pressed him to accept it. For over five hundred years, the Magna Carta lay as a noble idea but with little practical application. The Enlightenment philosophers wrote and theorized much about the principles contained in the Great Charter, but, again, until America’s founding generation came on the scene, nothing much of substance had been achieved. It was America’s Founding Fathers and founding generation that took the principles of the Magna Carta and the Enlightenment philosophers and actually used those principles to birth a new nation.
But how did they come to such a decision? Imagine the consternation. Imagine the inner conflicts. Communities were divided. Friends were divided. Families were divided. Brothers were divided. Parents and children and husbands and wives were divided. Yet, make the decision, they did. They pledged their lives, fortunes, and sacred honor to the cause. They obtained liberty and independence for their posterity–at great cost.
Granted, the decision to separate from the British Crown was not made overnight. Thomas Jefferson explained the process of reasoning behind the separation in the Declaration of Independence. Hear him:
“Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.–Such has been the patient sufferance of these Colonies; and such is now the necessity which constrains them to alter their former Systems of Government.”
How could Jefferson have been any clearer? He and the rest of America’s founders were convinced of “a design to reduce them under absolute Despotism.”
Noah Webster’s Dictionary Of The English Language (1828) defines “design” as verb: “To project; to form in idea, as a scheme.” And as noun: “A scheme or plan in the mind.” And, “Purpose; intention; aim; implying a scheme or plan in the mind.”
Hence, America’s founders were convinced of a scheme, a plan, and an intention in the minds of those within the British Crown to “reduce them under absolute Despotism.” Yes, friends, America’s founders were convinced there was a CONSPIRACY within the hearts and minds of the British government to enslave them. Hear Jefferson again:
“But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design…”
When abuses and usurpations which pursue invariably the “same Object” continue unabated over a long period of time, this is NOT an act of happenstance; it is by “design.” Somewhere along the line, the eyes of America’s founders were opened to the conspiracy within the British government to enslave them. Once their eyes were opened to the conspiracy, the rest, as we say, is history.
I submit that what we have in America today are basically two groups of people: those whose eyes are opened to conspiracy, and those who eyes are blind to conspiracy. This is exactly as it was in 1775 and 1776. Christian or unchurched, Republican or Democrat, conservative or liberal, if one is blind to the conspiracy to “reduce [us] under absolute Despotism,” one cannot truly comprehend the real danger or the real war.
And, sadly, it appears that most people today do NOT see the CONSPIRACY. All they see is Republican and Democrat; conservative and liberal; right and left; Christian and Muslim; religious and secular; FOX News and CNN, etc. Until Americans awaken to the same “design” that our founders awakened to, they will not be able to obtain a solution to our country’s malaise, as they are blind to the real enemy.
Mind you, not everyone in the British government in 1775 had it in mind to enslave the Colonists. Not every British soldier, not every British magistrate, not every British agent had a personal goal to enslave the colonies. They were just following orders; their eyes were blind to the plans and objects of those who were orchestrating the conspiracy. And, of course, those within the colonies who supported the British Crown were, likewise, blind to the conspiracy. Thank God, enough of our forebears were enlightened to the design of the Crown to be willing to cast it off.
I will say it plainly: there is a design (conspiracy) within Washington, D.C., and its allies to reduce us under absolute despotism.
Come on, folks, think: when has it mattered to a tinker’s dam which party controlled the White House or Congress? No matter which party is in charge, the central government in D.C. continues to get bigger and bigger and more and more oppressive. Regardless of whether the President is a Democrat or Republican, NOTHING changes in regards to America’s foreign policies or our economic policies. Regardless of party, the Council on Foreign Relations (CFR) dominates our foreign policies and the Federal Reserve Bank (FRB) dominates our economic policies. Regardless of party, an American Police State and surveillance society continue to mushroom, the Department of Homeland Security (DHS) and Internal Revenue Service (IRS) continue to exert more and more control over the American citizenry, and states and communities continue to fall under the heel of federal overreach.
Both parties in Washington, D.C., are led by warmongering zealots who use war, not only to enrich themselves, but also to carry out their preconceived plans of perpetual war for the purpose of paving the way for international bankers to control the world’s economies and for the purpose of subjecting the American citizenry to greater and greater infringements of their liberties.
In this regard, militant Islam is but a tool of the globalists. As long as Americans think that Islam is our enemy, they are blind to who the real enemy is. Our enemy is NOT Islam; our enemy is the cabal of globalists who are manipulating militant Islamists. The same people (the CFR and their fellow travelers) who took one of our strongest allies in the Middle East (Iran) and turned it into one our (supposed) greatest enemies are the same ones who are manipulating all of the wars of the Middle East, as well as bringing Russia and China to the brink of global conflict.
I submit the conspiracy of the British Crown has returned; and what used to be an indefatigable, recalcitrant, and vigilant independent republic (the United States) has become little more than a puppet of the old European monarchy. What the Crown could not accomplish through military force, it has accomplished through international banking.
The Federal Reserve wields absolute control over U.S. economic policy, and yet, no one really knows exactly who all of the members of the FRB even are. One thing is known, many (if not most) of them are NOT even U.S. citizens. Yes, ladies and gentlemen, foreign bankers have been controlling U.S. financial policy for the better part of a century.
In like fashion, the CFR virtually controls U.S. foreign policy. And the goal of the CFR is the reduction of national sovereignty and the rise of global government. Listen to Admiral Chester Ward.
Rear Admiral Chester Ward, who was the Judge Advocate General of the Navy from 1956-1960 and a former member of the CFR, but withdrew from the organization after realizing what they were all about, warned the American people about the dangers of this and similar organizations (such as the Trilateral Commission). He said, “The most powerful clique in these elitist groups have one objective in common–they want to bring about the surrender of the sovereignty and the national independence of the United States. A second clique of international members in the CFR . . . comprises the Wall Street international bankers and their key agents. Primarily, they want the world banking monopoly from whatever power ends up in the control of global government.”
Admiral Ward also said, “The main purpose of the Council on Foreign Relations is promoting the disarmament of U.S. sovereignty and national independence and submergence into an all-powerful, one world government.”
Now, observe that the administrations of both Republican and Democrat presidents are littered with CFR members. Under President George H.W. Bush, CFR members comprised 20% of his cabinet; under President Bill Clinton, CFR members comprised 34% of his cabinet; under President G.W. Bush, CFR members comprised 22% of his cabinet; and under President Barack Obama, CFR members comprise 36% of his cabinet. And these figures do not take into account how many CFR members are scattered throughout the national news media.
Can one imagine how people would react if twenty or thirty percent of a given presidential administration’s cabinet members were from, say, the Christian Coalition–or, even the ACLU. If the Christian Coalition had that many members in a presidential administration, people on the left would be screaming bloody murder. And if the ACLU had that many members in a presidential administration, people on the right would be screaming bloody murder. As it is, the CFR DOES have that many members in EVERY presidential administration and no one from the right or the left even says “boo.” It’s because they (from both left and right) are blind to the conspiracy.
These international conspirators can be found in London, Brussels, Washington, D.C., New York City, Tel Aviv, etc. In terms of U.S. foreign policy, these conspirators completely control the neocon agenda. That doesn’t mean that every politician who embraces the neocon foreign policy agenda is him or herself aware of the conspiracy. In the same way, not every federal officer within the DHS is aware of the conspiracy. Not every soldier who is fighting these perpetual wars of aggression is aware of the conspiracy. But as with many in the old British monarchy, they are the pawns of the conspirators.
George Washington, Thomas Jefferson, Sam Adams, et al., were only able to declare and fight for independence and liberty after they understood that they were dealing with “a design to reduce them under absolute Despotism.”
Until the American people, including our State legislators, governors, city mayors, councilmen, county sheriffs, district attorneys, congressmen, senators, pastors, educators, journalists, etc., awaken to the conspiracy that seeks to enslave us, we will never have the sagacity and strength of will to properly resist it. This means that many of the current battles in which good people are engaged merely play into the designs of those who seek our enslavement. We can’t win the war until we know who the real enemy is.
P.S. On Sunday, April 19 of this year, I delivered the famous sermon of Pastor Jonas Clark that was originally delivered on April 19, 1776, on the occasion of the first anniversary of the Battle of Lexington. Pastor Clark was the pastor of the men who fought that historic battle, which began America’s War for Independence. Obviously, this message was delivered just a couple of months before our Declaration of Independence was signed. I preached this message word-for-word. And I tried to deliver it with the same zeal and passion in which it was originally preached.
The vast majority of today’s Christians NEVER hear a message that remotely resembles the kind of sermons that the pastors of Colonial America delivered. And since April 19 fell on Sunday this year, I delivered Jonas Clark’s powerful message regarding the Battle of Lexington and American liberty so people could listen to the kind of preaching that Christians in Colonial America heard routinely. Pastor Clark entitled his message, “The Fate of Blood-Thirsty Oppressors and God’s Tender Care of His Distressed People.”
My delivery of this awesome message is on DVD. I offer this DVD to my readers in the hope that many of you will purchase copies of the DVD and let your friends, relatives, fellow Christians, pastor, etc., hear true Colonial American preaching. Again, this is word-for-word the message of Jonas Clark delivered on April 19, 1776, concerning the Battle of Lexington Green and America’s fight for liberty.
I have never heard anyone deliver Rev. Clark’s famous message. As far as I know, this is the only verbatim recording of this historic message in existence–preached with the same kind of passion and fervor as it was said Pastor Clark delivered it.
To order my delivery of Jonas Clark’s message, go here:
Hedge Fund schemers are the modern version of robber barons. At the top of the list of unscrupulous manipulators is the Nazi collaborator, George Soros. With reports like in Forbes that George Soros May Owe Billions In Taxes, an alarm should go off to all investors.
“By the early 2000s, hedge funds were considered de rigeur for sophisticated investors willing to take a risk in exchange for potential wealth. As that potential wealth grew, so did the potential tax bill, and managers began looking at other options. The solution? Investing in offshore hedge funds. Hedge fund managers are generally taxed on income in the country where the fund is located making relocating to the usual offshore suspects such as the Caymans, Bermuda and Ireland attractive. Tax was essentially deferred on fees from these funds until it landed in the hands of those in the U.S.”
The 2008 financial meltdown had all the Wall Street elites scrambling to protect their investment, while avoiding the day of reckoning with the tax man. One such effort as Forbes cites allowed for another deferred work around.
The change was inserted into the Emergency Economic Stabilization Act of 2008 (Public Law 110-343) – and if that sounds familiar, you’re not imagining it. That law was also instrumental in the administration of the Troubled Assets Relief Program, or TARP. The new law essentially banned the deferral of fees and compensation by these offshore hedge funds.
Moving the domicile for the Soros fund to Ireland was an attempt to circumvent the intent of an ill-written law.
The Street lays out the basis for the enormous tax bill coming due.
“At the end of 2013, Soros—through Soros Fund Management—had amassed $13.3 billion through the use of deferrals, according to Irish regulatory filings by Soros.
Congress closed the loophole in 2008 and ordered hedge fund managers who used it to pay the accumulated taxes by 2017. A New York-based money manager such as Soros would be subject to a federal rate of 39.6 percent, combined state and city levies totaling 12 percent, and an additional 3.8 percent tax on investment income to pay for Obamacare, according to Andrew Needham, a tax partner at Cravath, Swaine & Moore. Applying those rates to Soros’s deferred income would create a tax bill of $6.7 billion.”
Now this background provides the business analysis but far more important is the relevance of the political clout that Soros has wheeled for decades and how that influence will effect if he will actually pay his tax bill.
Review the long laundry list of Organizations Funded Directly by George Soros and his Open Society Institute that have received direct funding and assistance from George Soros.
Note that the deadline for payment is 2017, just after the next election. Image the next puppet taking office using an executive order to further delay or water down the actual collection of the Soros tax obligation.
It should be self-evident that the weight of Wall Street influence will be enormous in the 2016 Presidential coronation.
Dismiss the obvious hypocrisy of advocating for higher taxes while avoiding your own tax payment and focus on the actual results.
“A manager with Soros’s track record who started with $12 million from investors, took 20 percent of the profits, and reinvested that money tax-free over 40 years, would end up with $15.9 billion. If that same manager paid federal, state, and local taxes on the fees and related investment gains before reinvesting them, the figure would shrink to $2.4 billion…”
This strategy is not unique but it is symbolic of the way the financial elites benefit from their extraordinary influence over the biased tax regulations that favors the politically well connected.
The difficulty for leftist supporters of the Soros mind numbing collectivist culture is that they are unable to separate between the rhetoric and the reality of actual actions.
Soros is a pied piper for the naïve and misguided. All the millions he spends on altering the political landscape have a financial component to protect his own fortune.
Restructuring tax law and regulations never reforms the system. This one example, how hedge funds circumvent taxes, should illustrate that inserting loopholes into statutes is the function of lobbying and providing campaign contributions.
George Soros has a long record of avoiding paying taxes, while undermining political regimes. But he is not alone in avoiding taxes. Bankers Anonymous outlines how the game is played.
With the two types of income, you need the two entities to keep the income tracked separately. Entity #1 collects the “2,” which is taxed like regular business income, and Entity #2 collects the “20,” which collects your totally awesome income at a lower tax rate.
The “2” refers to an annual management fee of 2% of assets under management. On a small/medium-sized hedge fund of, for example, $500 million under management, you will collect $10 million in management fees per year.”
Since the standard format for a hedge fund treats fees as different tax rates, the hidden deception is why such hedge funds go unregulated by the SEC? The sweet heart tax treatment deal that allows circumvention of normal rates is a profound offence. Moving the venture offshore just adds to the outrage. Targeting 2017 for final settle up will be forgotten as the next deferment exception is adopted.
Unless people admit the elite as the real power behind the political charade, there will never be equitable tax accountability. Soros plots to overthrow governments. Ignoring the tax bill should be a cake walk. A better solution is to institute serious and comprehensive oversight over the 2-20 tax dodge and apply the same rules to the financial privileged that ordinary citizens must observe. If you agree, keep the pressure on Soros and demand a long overdue resolution.
Are you ready for a “Long Hot Summer”? The prospects for urban riots are hyped as a breach of domestic security. The mass propaganda media does not waste a moment to ratchet up the tension and fear that torching neighborhoods will come to a community in your area. If people were able to apply critical thinking, they would realize that local incidents are being managed to increase and spread discontent nationwide. That asphalt jungle is paved with assault vehicles moving into place before your own eyes. The purpose is to manage disorder with the imposition of military tactics. As urban fires burn, advocates of an authoritarian police state implement their master plan for the final destruction of America.
The latest episode in the ghettofication of urban slums into an armed camp for interment is playing out in Baltimore. Lock down was used in Boston after the Marathon Race false flag experiment, now the time tested urban unrest brings back the LA Rodney King riots as an excuse for mob rule. Ah, yes, the pandering media never misses an opportunity to blame racism as the cause for a dysfunctional society, while ignoring the essential consequences of abandoning Posse Comitatus.
The unequivocal voice of straight talk, Brother Nathaniel explains that the Baltimore Riots…Prelude to Urban War. If this video analysis is too disturbing because “PC” purity prevents facing up to fact that the “Great Society” has turned the country into an urban war zone, no serious debate on the fallout of race baiting can occur.
Set aside the Rev. “tax cheat” Sharpton divide and extort maneuvers or the “Whorealdo” Rivera injection of his own self into the FAUX news story and confront the nature of the federalization of urbanized cities.
The always reliable and insightful John W. Whitehead writes an important viewpoint in Turning America into a Battlefield: A Blueprint for Locking Down the Nation.
“The problem arises when you start to add Jade Helm onto the list of other troubling developments that have taken place over the past 30 years or more: the expansion of the military industrial complex and its influence in Washington DC, the rampant surveillance, the corporate-funded elections and revolving door between lobbyists and elected officials, the militarized police, the loss of our freedoms, the injustice of the courts, the privatized prisons, the school lockdowns, the roadside strip searches, the military drills on domestic soil, the fusion centers and the simultaneous fusing of every branch of law enforcement (federal, state and local), the stockpiling of ammunition by various government agencies, the active shooter drills that are indistinguishable from actual crises, the economy flirting with near collapse, etc.
Suddenly, the overall picture seems that much more sinister. Clearly, as I point out in my new book Battlefield America: The War on the American People, there’s a larger agenda at work here.
Seven years ago, the U.S. Army War College issued a report calling on the military to be prepared should they need to put down civil unrest within the country. Summarizing the report, investigative journalist Chris Hedges declared, “The military must be prepared, the document warned, for a ‘violent, strategic dislocation inside the United States,’ which could be provoked by ‘unforeseen economic collapse,’ ‘purposeful domestic resistance,’ ‘pervasive public health emergencies’ or ‘loss of functioning political and legal order.’ The ‘widespread civil violence,’ the document said, ‘would force the defense establishment to reorient priorities in extremis to defend basic domestic order and human security.’”
In order to understand the profound transmutation from “Peace Keeping”, to “Law Enforcement” and now into a militarized Martial Law environment, the focus and apprehension on the ultimate game plan needs to be the basis of any dialogue. One aspect that reveals the hands of the federal connection is citied In 2008 Obama Revealed His Plan for Law Enforcement… and Now He Has the Perfect Excuse, which illustrates the transformation of law enforcement into a military command structure under Homeland Security.
“Coupling that with the consistent pattern of Obama injecting the feds into incidents like the one involving Brown, Eric Garner and now Freddie Gray in Baltimore, it seems as if Obama and his DOJ have the perfect excuse to begin implementation of their national police program, which could lead to a devastating impediment of the rights of American citizens.
It may have taken Obama most of his presidency to act on his sinister intentions to nationalize major police forces in order to bolster his liberal agenda, but make no mistake about it — it’s here.”
Sober and critical observers admit that the real danger comes from the federalization of local police powers. While media distractions report on the Black Lives Matter Movement, the crucial question absent to the “so called” aggrieved community is why “On average, 1,876 black babies are aborted every day in the United States.”
Maturing beyond simple injection of propaganda is difficult for the diminished mental capacity of manipulated and confused residents. The outrage of thugs just does not rise to the same level of responsible citizens. While civil liberties extend to all people, not everyone has earned the respect of their fellow neighbors.
If folks want to better themselves, the first step is to perceive the nature of the deception that divides all people and should be our common cause for action.
The essay, Is the Federal Government Ready for War Against the American People?; sets the stage for the pertinent issue that should unite everyone.
“Hence, the tightening of the noose with fed up Americans sick and tired of being brutally victimized and betrayed by its crime cabal government that’s now out to kill us law abiding citizens using the excuse of martial law to go on the offensive to quell the very civil unrest that the federal government intentionally created and caused in the first place. Washington’s been not-so-covertly preparing for this day of reckoning ever since 9/11 to wage war against its own people. And through globalization what’s been tragically happening here in the US has also been taking place insidiously throughout the industrial world – in Canada, Australia, New Zealand, Japan, South Korea, Israel and most all of Europe. All these Western nations are controlled by the same oligarch globalists whose NWO agenda successfully fabricated and invented their war on terror in order to enact counterterrorism laws completely draconian in nature that effectively destroy our freedoms while enslaving us in the twenty-first century version of George Orwell’s totalitarian nightmare come true.”
The context of urban riots must be viewed from the perspective of the NWO global plan to herd the sheeple into metropolitan concentration camps. The intentional destruction of a black community has been successful. Other ethnic groups and people of all color will experience this same devastation because individuals refuse to confront that the “so called” benefits of the welfare society has dumbed down each person to the lowest level of the cumulative culture.
When the federal authorities dictate that the streets of urban America will look like a Fallujah war zone, don’t be surprised. It is deliberate. The New American reports in the article, Military and Police in Florida Practice Detaining Citizens.
“The “urban warfare” exercises had been announced earlier in the month without much fanfare by authorities and local media outlets. However, last week, a dramatic video of the dangerous drill, already viewed by hundreds of thousands of people, sparked widespread alarm about the true purpose of the exercises. A spokesman for the Tampa-based U.S. Special Operations Command cited in media reports downplayed the exercise as merely “routine” training for overseas missions. But more than a few critics say the Obama administration is actually up to no good — potentially even training to impose martial law and overt tyranny on the American people following some sort of crisis.”
With the direct involvement of the central military command, conditions foreshadow valid apprehension that the National Defense Authorization Act (NDAA) is ready for widespread rollout.
This trend goes unreported by the press because the narrative of race baiting is the official story that the establishment is ordered to publish. Diversion media is big business. Consolidation of state power is a step towards the eventual merger into a world government. Keeping a dependency population distracted from the core conspirators, who use the military-industrial-security complex as their enforcement arm, is the true story behind the Baltimore disturbance.
Unfortunately, the only script followed by gang members is to burn down their own neighborhoods. A half century of LBJ’s social welfare experiment, as a model for upward mobility, produced a plantation for all citizens. With the prospects of expanded martial law, The Psychotic Militarization of Law Enforcement has moved well beyond mere training exercises.
As the Home Land dictatorship tightens the noose on America, a sincere conversation about internal unrest must begin if there is any chance to reverse the lock down environment. More and direct military patrolling should never become normal. Wake up to the Global Gulag coming to a town you call home.
The CVS Pharmacy at the corner of North and Pennsylvania Avenue in Baltimore is a burnt-out shell. You probably saw the video last week. An angry mob carried the store’s inventory out by the armload, then set fire to whatever was left. Company officials are still deciding whether or not to rebuild.
Looting is not good for business in Baltimore. But it is absolutely fantastic for business in Washington DC.
Legions of political fundraisers are busily drafting letters to the faithful. Politicians are weaving the riots into their rhetoric. There is nothing like this kind of red meat to get people voting and writing checks.
The Republicans seemingly have the upper-hand in the political debate. The Democrat Party has had an iron grip on the City of Baltimore, running things from top to bottom for nearly 50 years. It’ll be harder for political leftists to assign the blame elsewhere, but that won’t stop them from trying.
Every politician will tell you what the problems are and propose a solution. There will be buckets of diagnoses and prescriptions from all over the spectrum. Devotees will shout about welfare, schools, unemployment, poverty, police militarization, and more. There is one issue, however, that isn’t going to get so much as a whisper in either Democratic or Republican fundraising letters.
Corrupt Money System Causes America to Rot from Within
We’re referring to the subject of honest money. Neither party wants to bring it up.
Democrats may have spent the past 5 decades building the dystopia that is Baltimore today. But they couldn’t have done it without the bipartisan effort in Washington DC to build our modern welfare/warfare state using oceans of freshly printed dollars and mountains of debt.
Politicians of every stripe love dishonest money. It’s the ultimate accountability dodge. It’s how you make promises to voters without even asking them to pay.
One side will moan about American jobs being sent overseas, disproportionately impacting minorities and the lower class. They’ll blame it on greedy corporations. They won’t mention their party’s undying support of Fed money creation and limitless borrowing – the very foundation of massive and perpetual trade deficits. Don’t expect them to admit that a whole lot of the unbacked dollars they adore effectively filled the cargo holds of ships instead of U.S. manufactured goods. And then sailed abroad to be swapped for goods made elsewhere.
The other side will screech about welfare. But they aren’t going to screech about Richard Nixon (R) – who slammed the gold window and made the dollar completely irredeemable. No way. Their party happily puts those fiat dollars to work funding wars and defense contractors. And they used them to outfit police departments across America with armored vehicles, military grade weapons, and training on how to use them against the disaffected masses marching in our streets.
The Republican Establishment, too, likes the option to bail out banks and the well connected without having to raise taxes or send real money for the purpose. And, despite the rhetoric, they have yet to defeat a single bill hiking the debt ceiling. In fact, they are almost certain to quietly hike it again later this year when Obama and his Treasury Secretary come calling.
GOP fundraising letters won’t discuss the direct relationship between the dishonest money the party loves – the printing and borrowing – and the wasteful spending it purports to hate. The government’s myriad of free money programs will be blamed on those darned “Socialists” across the aisle instead. In reality, both parties are responsible.
The events in Baltimore make great fodder. Rest assured, DC fundraisers have gone into overdrive. They say that your contribution is urgently needed. We suggest you support sound money instead.
With the enactment of the privately owned central bank, the Bank of England provided the model for the financial enslavement of governments, and their citizens. Well before the conflict for establishing a National Bank in America or the eventual surrender to the money changers with the betrayal in instituting the Federal Reserve, the history of the Bank of England needs to be studied. Relying on British historians may seem to invoke a cultural bias; however, the range and wealth of information on this topic comes from an earlier age. Further research will expand this understanding and many of the sources cited can fulfill this objective.
For purposes of a mainstream account, the official site of the Bank of England provides a flowery version about the background and purported success of the scheme proposed by “William Paterson, envisaged a loan of £1,200,000 to the Government, in return for which the subscribers would be incorporated as the “Governor and Company of the Bank of England”. Although the new bank would have risked its entire capital by lending it to the Government, the subscription proved popular and the money was raised in a few weeks. The Royal Charter was sealed on 27 July 1694, and the Bank started its role as the Government’s banker and debt-manager, which it continues today.”
“The bank hath benefit of interest on all moneys which it creates out of nothing.”
– William Paterson
THE FORMATION OF THE BANK OF ENGLAND by Halley Goodman provides a detailed and well sourced chronicle and background.
“The goldsmiths evolved to become the original private bankers of the time. Since goldsmiths already had as part of their trade private stores of gold and stout vaults to store them in, entrepreneurs could entrust their own gold to them for safe keeping, for a fee, and receive a paper receipt for the deposit. The goldsmiths could then lend monies against these deposits for an additional fee. Mr. Hartley Winters declares that “some ingenious goldsmith conceived the epock-making notion of giving notes…and so founded modern banking.” Merchants would deposit “their money with the goldsmiths and received from them receipts” that “…were payable on demand, and were transferred from one holder to another in payment of debts.” These receipts or notes from the goldsmith bankers, often in the form of a letter, are some of the earliest surviving cheques in England. Given the economic realities of the time, although deposits provided the funds for their business, most of the clients of these goldsmith bankers were usually borrowers rather than depositors.”
From such humble origins, the foundation was laid to invent a central bank that would create money out of thin air and loan it at interest to the government, who lost it sovereignty for making this Faustian bargain.
The Charter of the Bank of England (1694) with the Great Seal of William and Mary. The first usury central bank to be incorporated in England.
The Bank of England account, published by Cassell, Petter & Galpin cites a rocky start and opposition from the goldsmiths.
“In 1696 (very soon after its birth) the Bank experienced a crisis. There was a want of money in England. The clipped silver had been called in, and the new money was not ready. Even rich people were living on credit, and issued promissory notes. The stock of the Bank of England had gone rapidly down from 110 to 83. The goldsmiths, who detested the corporation that had broken in on their system of private banking, now tried to destroy the new company. They plotted, and on the same day they crowded to Grocers’ Hall, where the Bank was located from 1694 to 1734, and insisted on immediate payment—one goldsmith alone demanding £30,000. The directors paid all their honest creditors, but refused to cash the goldsmiths’ notes, and left them their remedy in Westminster Hall. The goldsmiths triumphed in scurrilous pasquinades entitled, “The Last Will and Testament,” “The Epitaph,” “The Inquest on the Bank of England.”
It did not take long for the Jewish bankers to set their sights on Paterson’s bank and financers for the English regime. Brother Nathanael Kapner adds his audacious viewpoints.
“The new King William III soon got England involved in costly wars against Catholic France which put England deep into debt. Here was the Jewish bankers’ chance to collect. So King William, under orders from the Elders of Zion in Amsterdam, persuaded the British Treasury to borrow 1.25 million pounds sterling from the Jewish bankers who had helped him to the throne.
Since the state’s debts had risen dramatically, the government had no choice but to accept. But there were conditions attached: The names of the lenders were to be kept secret and that they be granted a Charter to establish a Central Bank of England. Parliament accepted and the Jewish bankers sunk their tentacles into Great Britain.”
Actual control of the fiat central bank is discussed in Who owns the Bank of England?
“A very famous story relates to the Bank of England and the infamous Rothschilds, that all powerful banking family. This story was re-told recently in a BBC documentary about the creation of money and the Bank of England.
It revolves around the Battle of Waterloo in which Nathan Rothschild used his inside knowledge of the outcome and his faster horses and couriers to play the market by getting the result of the battle before anyone else knew the outcome.
He quickly sold his English bonds and gave all the traders who looked to him for guidance the impression that the French had won at Waterloo.
The other traders all rushed to sell their bonds before the market crashed thinking that they were now worthless and a massive fire-sale occurred as brokers clamered to get rid of their stock. This massive sell off quickly drove the price of the bonds down to 5% of their original worth.
Once the bottom had dropped out the market Nathan Rothschild then re-bought as many bonds back as he could at hugely discounted prices and in doing so he multiplied his wealth twenty times in 3 days of trading.
At the same time as becoming immensely wealthy he also became the single largest debtor to the English government which ultimately gave him control over the bank of England.”
“As you can see by the 250-year chart of Bank of England stock, the shares showed no real trend during the 1700s, rose in price during the Napoleonic Wars as England left the gold standard and suffered inflation, declined in price from around 1818 to 1845 during the deflation that followed, rose in price for the rest of the 1800s as the Bank gradually increased its dividend, plunged until 1920 as inflation occurred without any compensating rise in the dividend, then gradually rose in price until the Bank was nationalized in 1945. The behavior of the Bank of England’s stock encapsulates the general behavior of the British stock market over that 250-year period.”
Now for most of its history the privately held, Bank of England was extremely profitable to its owners. The method for charging interest on the creation of money has been the prime vehicle for driving both public and private debt throughout modern times.
The Guardian reports in the article, The truth is out: money is just an IOU, and the banks are rolling in it.
“The Bank of England let the cat out of the bag. In a paper called “Money Creation in the Modern Economy“, co-authored by three economists from the Bank’s Monetary Analysis Directorate, they stated outright that most common assumptions of how banking works are simply wrong, and that the kind of populist, heterodox positions more ordinarily associated with groups such as Occupy Wall Street are correct. In doing so, they have effectively thrown the entire theoretical basis for austerity out of the window.”
The entire monitory financial system is based upon charging usury on the creation of national currencies. No larger debtor exists then governments. The perfection of the Rothschild fraud is founded upon charging compound interest on the very medium of exchange that serves as legal tender.
The Bank of England set the stage for the centralization of all banking under the umbrella of banksters control. In order to discover all the secrets of manipulating the financial system, one must comprehend, the first and primary lesson; that central banks do not function as beneficiaries to their host nation, much less the ordinary “little people”.
Keeping this deplorable rip-off system extorting their pound of flesh is the principal objective of the financial elites. Interest on government bonds must be paid. More debt needs to be incurred. And the framework for human impoverishment lies at the feet of central banking.
“The Christian family is seen by many as the great roadblock, together with the church, to the new world order.” R. J. Rushdoony, “Deuteronomy” Pg. 332
The destruction of the family has been a relatively long process. The woman’s suffrage movement began in France in the late Eighteenth Century and is now coming to fruition in the Twenty-First Century with the advent of same sex marriage.
Suffrage did not destroy marriage, but it encoded potential conflict and undermined the role of the father whose singular vote represented a united family structure. More importantly, it was a distortion of the design of God’s creation; allowing woman to contend with their husbands whose duty was to cherish and protect them.
Born of rebellion, Feminism was not far behind suffrage. It struck at the heart of marriage by equating male and female and setting women in competition with men.
Feminism was a logical extension of suffrage. It was the next step in the progress of a satanic lie. Rushdoony says, “A lie moves a man from the real world into a world of fiction, and his life begins to rest on falsity.” (Pg. 334 “ Deuteronomy”) This detrimental fiction has culminated in the highest ranking officers in our armed forces assenting to the equality of women and men in defending our nation. It has set woman as equals in our fire departments and police forces and maintained this fiction while women without the cover of husbands complain of being raped by their fellow male workers. It is one of many humanistic cognitive dissonances that currently plague our culture.
Lies destroy freedom by making just determination impossible. We cannot have justice in regard to Blacks and Jews when the distorted anachronisms of slavery and the holocaust remain yokes around our necks.
Destruction of the role of the father was another key element in destroying the family.
Christians who are ignorant of the Character of the God of the Bible cannot understand the father’s role in the Christian family. When we claim that “God is love” we gain the assent of the vast majority of the world’s Christians. But, if we assert that His love requires that we obey, most of them flee.
Christians have not accepted the fact that love seeks the very best for its subjects and the best requires obedience. They have not been taught that obedience to God’s Law will give them life more abundantly. The Law is a practical example of the love God has for His chosen people. If we truly love one another we will urge everyone to obey.
Men were created to be the heads of families. Women are physically weaker and though they are sometimes smarter and more stable they were created to live under the protection of husbands. In return for that protection and support they are to obey and contribute comfort, stability, brilliance, hope and prayer to him and to the family.
The state attempts to replace the husband by passing laws that protect women and now they are competing with men who are being emasculated and hamstrung in the process. This gross distortion of the Biblical family is paid for by a loss of social stability which is explosively evident in Black communities.
Christian churches tell husbands they should be the head of their home but the media tells the family that husbands are untrustworthy wimps that should be corrected by wives and children. In spite of physical assaults that women endure they have been convinced that a career is preferable to managing a home and are now often doing both. Since they have accepted this role, their work is now often financially necessary to maintain a household and they are forced to continue whether they like it or not.
Our government is populated by men and women who live and work in a sea of false premises. Confronting these lies would result in a deluge of criticism and our elected officials do not have the character to endure it. Though evidence of a conspiracy is abundant it is never discussed. A multitude of discrepancies in the government story of 9/11 are met with silence while the entire nation is governed as if it is authentic – no one questions this glaring omission. Our skies have been full of chemtrails for several years – no one demands to know what they are spraying or why. We are governed by elected official who in order to be elected must support the state of neo-Israel. This inordinate support for a foreign government destroys free elections; mentioning this anomaly results in a deluge of vituperation.
My wife has a close friend whose husband is a minister. She and her husband provided a fine home and proper instruction to their children but her sixteen year old daughter got pregnant and broke her heart. In her Black society 70 percent of babies are born out of wedlock. Social pressure overcomes the will of the family.
Social pressure destroys the proper role of the father. Fathers cannot demand obedience. Obedience and respect must be offered and when the entire culture rejects the role of the father there is little chance he can fulfill it. The majority of contemporary parents seek their children’s favor not their obedience.
The father’s role in the home is similar to God’s role in the life of the father. He is both a lover and a disciplinarian. It is the latter role that requires both the understanding and the support of the family and the culture.
Americans no longer admire discipline. Children cleave to those who are never critical. Fathers who care enough for their children to correct them and punish them for disobedience are neither admired nor properly understood. This alienation of fathers is encouraged by society and the father’s role as a spiritual leader is replaced by a humanist school system that prepares children to ignore their fathers and obey the state.
If the church, the school, the media, and the culture would support the authority of fathers over their homes the entire family would begin to change; crime would decrease, school children would begin to learn, women would be happier, and the entire culture would be healthier.
Consider the inanity that grips our world. The White race is becoming extinct because it is failing to reproduce in quantities that preserve the race. In the midst of this inexorable tragedy we are encouraging women to enter the work force when they should be at home raising larger families. We are promoting barren homosexual and lesbian relationships when we should be encouraging traditional marriages, fertile females, and viral males. While claiming reason as their god, our intellectuals are championing practices that contribute to not only their own extinction but that of the entire race!
The leaders of our world are either insane or engaged in a diabolical Luciferian plot to destroy civilization.
In his book “Systematic Theology” R. J. Rushdoony devotes several pages to the Doctrine of Causality. Causality has to do with blessing and cursing. In response to Leviticus 26 and Deuteronomy 28 Rushdoony writes, “that decay is not a natural but a moral fact, and renewal is the outcome of covenant faithfulness. In fact, such faithfulness will lead to the regeneration of the earth, radically changed circumstances among animals, and a greatly increased life span for man (Isa. 65:17-25). All this is impossible in terms of naturalistic science, but it is one of the most basic premises of Scripture.” (Pg.829) He contends that “We become ‘the restorer of the paths to dwell in.’ (Isa 58:12) Covenant man is God’s appointed lord over the earth.”
A few drops of Chanel #5 will not sweeten a thousand gallon septic tank and the meager amount of sound Christian theology that seeps out of our churches is a worthless palliative. Thousands of Christian pastors mount their pulpits on Sunday mornings and preach a variety of winsome sermons that fail to identify the source of the increasingly stifling effluence. The congregants receive an hour or two of inappropriate tranquility (In the midst of a war!) before returning to the sewer. Covenant men will not become Lords over the earth until the leaders of God’s church begin to take back the ground they have lost by default.
When will Christians begin to understand that the cause of our present tyrannical dilemma is disobedience? When will they realize that the solution is obedience? We are living in rampant confusion that requires tyrannical control because we refuse to obey God’s order restoring commandments. Disobedient people cannot enjoy freedom!
Sending a single righteous man to Washington or even several will not change the course of our nation. We are in need of a sewage treatment plant that can preserve and clean the entire culture. It may be blasphemous to compare the Church of Jesus Christ to a sewage treatment plant but it is an apt simile. The Church has access to the Word of God which provides instruction for the proper conduct of the affairs of men. The Church must begin to use that Sword of the Spirit to bring righteousness back into our culture.
The Bramble men hate the church and have already made serious efforts to stifle its message. If God allows them to succeed the world will experience tribulation until God decides to hear their pleading.
Both the Republican and Democratic parties are tools of the Bramble men, the Tea Party makes some good points but has an obedience hole in its platform. Libertarians support of limited government is on track but their lack of the just overarching Biblical legal system is a fatal error.
Covenant Christian husbands are not only meant to be heads of their homes but also directors of the paths of nations. The insanity we are presently living through is a result of the abdication of responsibility of the Church of Jesus Christ. Biblical Christians provide realistic sanity to the Creation and when they are replaced by Humanists, chaos is a result.
Humanism in the Church has caused chaos in the Church. It is time for God’s Church to wake up and begin to properly represent the One and only Great God of all Creation.
Why are stocks still flying-high when the smart money has fled overseas and the US economy has ground to a halt?
According to Marketwatch:
“For the eighth week in a row, long-term mutual funds saw more money flowing out of U.S. stocks and into international stocks, according to the Investment Company Institute……For the week ended April 22, U.S. stocks saw $3.4 billion in net outflows from long-term mutual funds…For the year to date, net outflows for U.S. stocks are $13.79 billion, while inflows for international stocks are $41.12 billion.
Those figures, however, don’t count exchange-traded funds. In April alone, mutual funds and ETFs that focus on international stocks saw $31.8 billion in net inflows, while U.S.-focused funds and ETFs shed $15.4 billion, according to TrimTabs Investment Research.” (“Why U.S. stocks are near highs even as fund investors flee“, Marketwatch)
So if retail investors are moving their cash to Europe and Japan (to take advantage of QE), and the US economy is dead-in-the-water, (First Quarter GDP checked in at an abysmal 0.1 percent) then why are stocks still just two percent off their peak?
Answer: Stock buybacks.
The Fed’s uber-accommodative monetary policy has created an environment in which corporate bosses can borrow boatloads of money at historic low rates in the bond market which they then use to purchase their own company’s shares. When a company reduces the number of outstanding shares on the market, stock prices move higher which provides lavish rewards for both management and shareholders. Of course, goosing prices adds nothing to the company’s overall productivity or growth prospects, in fact, it undermines future earnings by adding more red ink to the balance sheet. But these “negatives” are never factored into the decision-making which focuses exclusively on short-term profits. Now get a load of this from Morgan Stanley via Zero Hedge:
“In 2014, the constituents of the S&P 500 on a net basis bought back ~$430Bn worth of common stock and spent a further ~$375Bn on dividend payouts. The total capital returned to shareholders was only slightly less than the annual earnings reported. On the fixed income front, the investment grade corporate bond market saw a record $577Bn of net issuance in 2014. While the equity and bond universes don’t overlap 100%, we think these numbers convey a simple yet important story. US corporations have essentially been issuing record levels of debt and using a significant chunk of their earnings and cash reserves to buy back record levels of common stock.” (“Buyback Bonanza, Margin Madness Behind US Equity Rally”, Zero Hedge)
So corporations are borrowing hundreds of billions of dollars from investors through the bond market. They’re using this cheap capital to repurchase shares in order to boost skyrocketing executive compensation and to line the pockets of their shareholders. At the same time, they are weakening the capital structure of the company by loading on more debt. (It’s worth noting that “highly rated U.S. nonfinancial companies” are now more leveraged than they were in 2007 just before the crash.)
This madcap buyback binge has gotten so crazy, that buybacks actually exceeded profits in two quarters in 2014. Here’s the story from Bloomberg:
“Companies in the Standard & Poor’s 500 Index really love their shareholders….Money returned to stock owners exceeded profits in the first quarter and may again in the third. The proportion of cash flow used for repurchases has almost doubled over the last decade while it’s slipped for capital investments, according to Jonathan Glionna, head of U.S. equity strategy research at Barclays Plc.
Buybacks have helped fuel one of the strongest rallies of the past 50 years as stocks with the most repurchases gained more than 300 percent since March 2009.” (Bloomberg)
But maybe we’re being too pessimistic here. Maybe stocks would have risen anyway due to record high earnings and improvements in the economy. That’s possible, isn’t it?
Nope. Not according to Morgan Stanley at least. Check it out:
“Since 2012, more than 50% of EPS growth in the S&P 500 has been driven by buybacks and growth ex-buybacks has been a mere 3.3% annualized. (EPS: Earnings Per Share)
“More than 50% “! There’s your market summary in one damning sentence. No buybacks means no 5-year stock market rally. Period. If it wasn’t for financial engineering and the Fed’s easy money, stocks would be in the same general location as the real economy, circling the plughole, that is.
What’s so frustrating about the present phenom is that the Fed knows exactly what’s going on, but just looks the other way. So while the stock bubble gets bigger and bigger, CAPEX –which is investment in future productivity and growth– continues to deteriorate, GDP drops to zero, and demand gets progressively weaker. Shouldn’t that warrant a rethinking of the policy?
Heck, no. The Fed is determined to stick with the same lame policy until hell freezes over. Whether it works or not is entirely irrelevant.
Now take a look at this eye-popper from Wolf Street: “GE, in order to paper over a net loss of $13.6 billion and declining revenues in the first quarter, said on April 10 that it would buy back $50 billion of its own shares.” (Wolf Street)
I can’t tell you how many times I’ve read similar stories in the last couple years. The company’s revenues are shrinking, they’re losing money hand over fist, and what do they do?
They announce they’re going to buy back $50 billion of their own shares.
What a joke. And it doesn’t stop there. The Fed’s policies have also ignited a flurry of activity in margin borrowing. This is from CNBC:
“NYSE margin debt rose to an all-time high in March, according to recently released data from the stock exchange….NYSE margin debt sat at $476.4 billion, up from $464.9 billion at the end of February..(Note: That’s $95 billion more than 2007 at the peak of the bubble.)
Margin debt is created when investors borrow money in order to buy stocks. If an investor buys $100 worth of stocks with $50 in capital, that individual has $50 of margin debt outstanding. Since margin debt provides leverage, it amplifies gains, but also increases the risk to an investor.” (“What record-high margin debt means for stocks”, CNBC)
More borrowing, more risk taking, more financial instability. And it’s all the Fed’s doing. If rates were neutral, then prices would normalize and CEOs would not be engaged in this reckless game of Russian roulette. Instead, it’s caution to the wind; just keep piling on the debt until the whole market comes crashing down in a heap like it did six years ago. And that’s the trajectory we’re on today, in fact, according to TrimTabs Investment Research, February saw buybacks in the amount of $104 billion, ” the largest monthly figure since these flows were first tracked 20 years ago. ”
So things are getting worse not better. Bottom line: The Fed has led the country to the cliff-edge once again where the slightest uptick in interest rates is going to send the economy into freefall.
But why? Why does the Fed keep steering the country from one financial catastrophe to the next?
That’s a question that economists Atif Mian and Amir Sufi answer persuasively with one small chart. Check it out:
“Here is the distribution of financial asset holdings across the wealth distribution. This is from the 2010 Survey of Consumer Finances:
The top 20% of the wealth distribution holds over 85% of the financial assets in the economy. So it is clear that the direct income from capital goes to the wealthiest American households.” (Capital Ownership and Inequality, House of Debt)
Why does the Fed create one bubble after the other?
Now you know.
“The sand beneath our feet is saturate with blood of martyrs; and these rifted stones are awful witnesses against a people whose pleasure was the pain of dying men.” Cavalieri, in “Michael Angelo: A Fragment”, Henry Wadsworth Longfellow
The Mayweather-Pacquiao fight is coming up and regardless of the result Mayweather will be millions of dollars richer than he is today. Tickets printed at prices of $1,500 to $7,500 and are being scalped in the six figure range. Mayweather recently voiced a typical Black attitude when he complained that his current net worth of $275 million would be in the billions if he was White. Read here. It is very difficult to please people who are void of gratitude.
America’s Black population has been primed for resentment for the past several decades. Slavery has been publicized with the same vigor as the Holocaust and has been used to indict succeeding generations for prejudices and actions they neither harbor nor approve.
Invariably missing in the racial dialogue is the inordinate statistical difference in the Black crime rate which is about 7 times higher than the White population. The American press never publishes the correct figures instead it presents the public with a destructive distortion.
For every Black killed by a White person 18 Whites are killed by Blacks. When the Black crime rate Is adjusted for population the figure 7 times higher rises to an astounding 50 times higher. Read here.
The Neocon owners of the American press and media seem devoted to inciting Black citizens to riot. See current unrest in Baltimore here. Their coverage is not only biased but blatantly fosters a view of the Black condition that is false. Pat Buchanan writes, “We are now half a century on from the Civil Rights Act of 1964. African Americans have risen out of poverty and the working class to become successes as actors, artists, athletes, executives, politicians, TV anchors, journalists, scholars, generals, authors, etc.”
In spite of the tyrannical legislation that mandated Black equality the Black race has steadily progressed. The progress is never recognized because the press and Black leaders falsely create the impression that prejudice is keeping then from realizing success.
Sadly, a larger portion of American Blacks remain convinced that the White population is their enemy. Instead of gratitude they harbor a feeling that killing or stealing from a White person is a badge of honor. As long as their leaders and the powerful American press cultivate this attitude peace will be impossible.
Society views Jewish Americans and Black Americans sympathetically as oppressed and suffering races – the Jews from the Holocaust and the Blacks from Slavery. Both of these archaic tragedies have been used to create sacrosanctity. This eminence makes honest discourse impossible and allows racial problems to fester. That this attitude has been created with ulterior motives by our press and media and power hungry Black and Jewish leaders does not alter reality. The hatred for American society is very real.
Blacks and Jews are pragmatic and they use their power despitefully against a system that has been their benefactor. Until truth begins to permeate the current scene personal threats and riots will be used to further bleed a benevolent system.
As America continues to digest the riots in Ferguson, Missouri, and the current riots in Baltimore it is interesting to note that our nation has a history of violent behavior that goes back to the founding era!
In the mid-Seventeenth Century before the America Revolution, Britain claimed ownership of the colonies and the right to levy taxes ostensibly to cover the cost of protecting the colonies.
The right to tax was upheld by most of the members of Parliament and by some colonial leaders; but to the citizens, who had created civilization in the New World, taxation without representation was anathema.
There were strong feelings involved in this conflict. Colonial citizens wanted and thought they deserved some independence while in Britain the Parliament was affronted that their dominion was being challenged.
With help from a stirring oratory by young Patrick Henry an angry resistance developed against a British tax called the Stamp Act. Though the potential taxes collected under the act would probably have been insignificant the act of levying this tax created suspicions of tyranny that aroused freedom-loving citizens. British troops had been left in the colonies following the Seven Year War . and the presence of these troops contributed to as barrage of conspiracy theories that swept through the colonies.
According to Robert Middlekauff’s book “The Glorious Cause” fighting between factions in Massachusetts had already been vicious before the passage of the Stamp Act; “clubs, bricks, stones, and fists” were instruments of warfare. The new affront to their freedom solidified these mobs against the common enemy and put British agents in the colonies in danger. Andrew Oliver supposedly appointed as a Distributor of Stamps in Massachusetts was one of these men.
It was rumored that Oliver stood to profit from the Stamp Act this incensed the mob which created an image of Oliver and beheaded it in front of his house. They burned the beheaded image and proceeded to break all of the windows in the house. There was a call to find Oliver and kill him. They searched his house but he had already fled. Frustrated, they broke up his furniture. It turned out that Oliver’s appointment had not yet arrived from Britain and he promised to resign as soon as it did.
A few day later another British agent, Thomas Hutchinson, came under the ire of the mob. He was related to Oliver and was considered brave and proud. His house was big and luxurious. Seeking to humble him the mob patiently destroyed his beautiful home. Middlekauff writes, “Virtually everything moveable within was destroyed or stolen – papers, plate, furniture, clothing, and sterling – and what could not be moved – walls, partitions, and roof – were severely battered. The handsome cupola was cut off, a demolition that took three hours, and much of the slate roof was pulled down.” The wrecking crew worked until dawn and when they were finished a part of the roof and several brick walls were all that survived.
United States of America was founded by immigrants coming from tyrannical regimes in Europe. They found freedom in the new world. Freedom was the object of the great sacrifice necessary to travel to the new world. It was the ultimate jewel. The loss of freedom was fresh in the minds of these hardy people and when any sign of superiority reared its ugly head they were quick to react in violence.
Though the government was often dishonest with the Indian population it was the citizens themselves who often defied the proscribed borders and settled land that was designated for the Indians.
Policemen played a minor role in Colonial culture. This, coupled with an action oriented populace allowed frequent rioting. In his book “Rioting in America” Paul Gilje records a litany of colonial riots.
In 1677 a group of fishermen in Marblehead, Massachusetts captured two Indians they planned to barter for property the tribe had stolen from them while they fished off the shores of Maine. When they brought the Indians into Marblehead Indian hating housewives stoned them to death and cut off their heads.
War and violent behavior has been common to every civilization. When opposing perspectives meet each finds truth and justice in their view. Humanistic atheism has a perspective that conflicts with Theonomic Christianity. This battle is currently raging in the world
Human beings are maligned by sin. Sin causes us to make improper decisions and to react with anger when our ideas and plans are challenged. We really do not want to obey God, instead we want to be God and decide for ourselves what is right and wrong. Sin is ubiquitous; it can be seen in Christians as well as pagans. Sin leads to the creation of opposing religions and plants the seed for war and strife.
Our hope is in the progress of Christianity in the world; more and more people must view the world from a Christian perspective. When God brings in His harvest and Christians begin to obey Him by making His Law the basis for civil behavior the world will have a chance at peace. There are encouraging signs in China where a Christian revival is challenging the Communist government. Read here.
As the Twenty-First Century progresses the White population of the United States of America is surprisingly placid. Violence seems to be the domain of American imperialism, of Blacks, and of the nation’s local police forces.
War has resulted in a serious potential loss of freedom but neither the loss of freedom nor the wars have had much effect on our way of life. While are military forces are killing thousands of civilians, destroying property, and creating chaos in the Middle East, life at home goes on with little notice.
Both the Black and the White population suffer from the absolute authority now vested in our police. It is more noticeable in Black communities because crime is more common. Blacks protest but Whites remain silent. Black citizens are a danger to White Americans and most are willing to put up with police despots for protection.
From being keepers of the peace policemen have become unequivocal enforcers of the law. They are no longer responsible for using reasonable judgment. A mere traffic violation can escalate into an arrest and even a death. Innocent civilians are unnecessarily ordered about by policemen and charged with crimes if they disobey. This kind of arrogance produces resentment.
Our problem with police officers comes from the basic rules that govern their behavior. In another era they were called peace officers and were vested with the responsibility of maintaining a just and peaceful society. Today they are law enforcement officers vested with the responsibility of enforcing the law. The difference is quite substantial: enforcement has a strong arm connotation while peace is conciliatory.
In the presence of a police officer citizens have no rights. They are the consummate dictators whose every word must be immediately obeyed. Failure to obey results in arrest and handcuffs. This attitude comes from their leadership. The police are taught to demand acquiescence.
It is no longer the duty of police to protect citizens; their duty is to arrest law breakers. This is the reason savvy lawyers advise us to call the police only under the most dire conditions.
Suicide by police has become a recognized procedure. Police will shoot first and ask questions later. Point a gun at a policeman and you will be killed in a hail of bullets.
When policemen enter your home they may make a note of a theft or a burglary but they will also arrest you if they find any breach of current legal standards and since they know more about the law than most citizens you are at a disadvantage.
Policemen are paid to be public servants and it is time they are taught to respect innocent civilians. Convicted criminals have lost their right to be free but innocent civilians have not; Black or White, they should be treated with respect even when minor violations are involved.
They are public servants they are not dictators. Even though we have so many laws there can be reason to arrest almost anyone, the general public should always be treated with respect. Necessary instructions should be obeyed but requests should be courteous and reasonable.
If law and order is ever to return to our society the police must regain the respect of the general public.
What is America’s greatest threat? Some would say it is illegal immigration. Some would say the Muslim people. Some would say homosexual marriage. Some would say ISIS. But none of these are America’s greatest threat.
At the expense of sounding preachy, America’s greatest threat is GOD. Rightly did Benjamin Franklin say, “God governs in the affairs of men.” And, rightly did Thomas Jefferson say, “I tremble for my country when I reflect that God is just; that his justice cannot sleep forever.” Amen.
But the understanding of the Natural Law principles by which God governs in the affairs of men and upon which His justice and judgment are predicated is mostly lost to this generation of Americans–including America’s pastors and Christians.
The life of Old Testament Israel’s King David affords many illustrations of the principles that God has ordained for nations and governments. As a personal note, King David is my very favorite Bible character. My appetite for studying his life is insatiable. Unquestionably, he is one of the three greatest men of the Old Testament (Abraham and Moses are the other two). I can even say that David is my hero. With all of his faults and failures, God yet inspired the New Testament writer to say that David was “a man after mine own heart.” He is a man after my heart, as well.
As with others in the Bible, Holy Writ is not shy about recording the misdeeds of God’s servants, including King David. This is intended for our own “learning.” We should earnestly seek to mimic the goodness of these men and avoid their sins. Perhaps no man of antiquity demonstrates the polar extremes of success and failure more so than David.
To my non-Christian friends, please bear with me: this column has an extremely relevant message to what is happening in our country.
When almost everybody broaches the subject of King David’s failures, they almost always go immediately to the story of Bathsheba and Uriah. But, at the risk of inducing the ire of my fellow Christians, that was NOT David’s greatest failure. It might have been his greatest personal failure as a MAN, but it was not his greatest failure as a KING. In fact, the vast majority of pastors and Christians have completely overlooked David’s greatest failure. I dare say that the vast majority of you Christian folks who are reading this column right now have NEVER heard a message from the life of David regarding this tragic failure in David’s life and the implication it has for our country today.
I preached a message last Sunday on this very subject to the people of Liberty Fellowship. You can find it here:
The failure to which I speak resulted in the deaths of 70,000 men in the nation of Israel. (That is at least seven times more than were killed in the judgment upon Sodom and Gomorrah.) This was the single greatest plague that God inflicted upon Old Testament Israel. Think about the inference of that fact for a few minutes.
Again, Jefferson rightly said, “I tremble for my country when I reflect that God is just; that his justice cannot sleep forever.” God’s justice didn’t sleep in David’s time; and it is not sleeping in our time, either.
The story is recorded in II Samuel 24. The chapter begins with these words, “And again the anger of the LORD was kindled against Israel.”
As a result of God’s anger toward the people of Israel, he allowed their leader’s heart to be overcome with an awful motivation. And, remember, this leader was King David: the man after God’s own heart.
Ladies and gentlemen, America’s problem is NOT Barack Obama, Muslims, liberals, etc. Our problem is US. WE are the problem. God’s anger against the people (especially the Christian people) of this country has caused Him to give us evil leaders such as George H.W. Bush, Bill Clinton, George W. Bush, Barack Obama, John Boehner, Mitch McConnell, and Harry Reid (and Hillary Clinton or Jeb Bush, should either of them be elected).
The evil motivation to which King David succumbed is the same evil motivation that America’s leaders are succumbing to today; and it portends America’s GREATEST threat.
The above-referenced chapter records how David unlawfully numbered the people of Israel, the prophet’s warning against it, King David’s repentance, and God’s judgment upon the nation. But, again, most pastors and Christians have completely overlooked this episode in David’s life–and the significance of this crime to our nation today. As a result, America is teetering on the precipice of the same plague.
To help readers understand the terrible significance of David’s sin, I here quote the famous scholars Robert Jamieson, A.R. Fausset, and David Brown commentary on the Bible published in 1871. This is the commentary that famed English pastor Charles Spurgeon said is the one commentary a minister should possess, if he could possess but one. They write:
“The act of numbering the people was not in itself sinful; for Moses did it by the express authority of God. But David acted not only independently of such order or sanction, but from motives unworthy of the delegated king of Israel; from pride and vainglory; from self-confidence and distrust of God; and, above all, from ambitious designs of conquest, in furtherance of which he was determined to force the people into military service, and to ascertain whether he could muster an army sufficient for the magnitude of the enterprises he contemplated. It was a breach of the constitution, an infringement of the liberties of the people, and opposed to that divine policy which required that Israel should continue a separate people.”
Notice, this great sin of David included “ambitious designs of conquest.” The legal name for this sin is “The Crime of Aggression.” It is so grievous a sin, that God plagued Israel with the deaths of 70,000 men. And only David’s awakening to this crime, and his humility in repenting of it, saved the nation from the deaths of untold more. Plus, this is David’s last recorded act; he died soon after.
Ladies and gentlemen, The Crime of Aggression is currently America’s greatest threat. Many of the lesser threats against our country (ISIS, for example) are the result of this great crime. And since it is extremely doubtful that any U.S. presidential candidate (with the exception of maybe Rand Paul) would issue a national “repentance” of the neocons’ wars of aggression around the world, the same Death Angel that stood with sword drawn above Israel is doubtless standing above the United States as we speak.
Make no mistake about it: the neocons are governing America’s foreign policy regardless of which political party is in control of the White House and Congress. And they have been in complete control ever since George H.W. Bush was President. And the vast majority of our congressmen and senators, as well as those who will be running for POTUS in 2016, are in lock-step, I mean LOCK-STEP, with the neocon agenda regarding foreign policy. And, sadly, so are most Christians and conservatives. It is also no hyperbole to say that FOX News is totally and absolutely nothing more than a propaganda ministry for the neocon foreign policy agenda.
To help put this issue in perspective, and to try and further help readers to understand the seriousness of what I am saying, I want to quote some excerpts from an attorney who is attempting to stop the neocons’ Crime of Aggression via legal action and restore justice (GOD’S justice, I might add) to American government. I’m sure almost no one has heard anything about this case. The propaganda media is even more expert at NOT reporting news as they are propagandizing the news they do report.
Listen to attorney Inder Comar. He titles these remarks, “Saleh V Bush And Precedent For The Crime Of Aggression”:
“First, some brief background about the case. In 2013, my client [Sundus Shaker Saleh], who is an Iraqi refugee, filed a lawsuit in San Francisco, California, in the Northern District of California, which is a federal court, alleging the crime of aggression. The defendants in that case are the six highest ranking Bush administration officials: George W. Bush, Richard Cheney, Donald Rumsfeld, Condoleezza Rice, Colin Powell, and Paul Wolfowitz. So she is suing them in a civil case for her damages as a victim of the war, in much the same way that she would sue anybody for any cause of action.
“To make it very simple, if George Bush had hit her in a car, for example, there would be no controversy that she could sue him if she were injured. It’s a similar type of claim that we’re making: his conduct and his actions caused her monetary damage and under the American system, she has a right to seek her tort damages, her tort relief.
“The basis of the lawsuit in the United States is a very old law dating from 1789, the first year of our republic, known as the Alien Tort Claims Act. The first Congress in the United States passed this law to permit non-U.S. citizens–non-Americans–the ability to go to the United States courthouse and file claims against anybody for violations of international law. So you have to allege violations of international law in order to use this law.
“For about 200 years, people have used this law for piracy cases, for example. More recently, in the 1970s and 1980s, people started to use the Alien Tort Claims Act for claims of torture or for claims of crimes against humanity.
“In this case, we’ve alleged the ‘supreme crime,’ the crime of aggression, as Ms. Saleh’s international law claim. What this suggests is that just as you could pursue a pirate under this law, or just as you could pursue a torturer under this law, you must be able to pursue those who commit the ‘supreme crime’–the crime of aggression. In this case, she’s pursuing the six people who caused the Iraq War. As we know from Nuremberg, you don’t get to sue the soldiers who committed the aggression: they’re not responsible. The people who are responsible are the leaders who caused the aggression. And those are the people who are giving the orders, who are planning and executing these crimes.
“We filed the lawsuit. The United States Department of Justice headed by President Obama moved to immunize these defendants soon thereafter. They requested that the federal court immunize them under domestic law, on the basis that these defendants were acting under the scope of their valid employment when they planned and waged the Iraq War.
“We fought that certification for more than a year and a half. But unfortunately, in December of last year, the District Court agreed that they were immune and immunized these defendants from further proceedings. We’ve since appealed that order, and right now that case is on appeal in the Federal Court of Appeal for the Ninth Circuit in San Francisco.
“At the end of next month, we’re due to submit a brief arguing a very specific point of law on appeal: whether or not a domestic immunity applies to allegations of aggression.
“Now for those of you who are familiar with Nuremberg, you may recall that this was the exact defense–or one of the defenses–raised by the German defendants. They argued that everything they had done was valid under German law and, as a result, they couldn’t be held guilty for something like aggression.
“One of the things that we’ll be raising in our brief next month is that that issue was decided already at Nuremberg: domestic defendants do not get to raise that as a defense.
“What I’d like to offer are some thoughts as to how we can take this battle now on the offensive and go into courthouses, go find venues where we can try and do our best. Ultimately, I think, we can convince judges that this is the law—and to not follow it would not only upset Nuremberg, it would validate the defenses made by the Nazi defendants, who argued that this type of law could never exist, that everything they did was completely legitimate, that they were simply following orders.
“If those things don’t give you a chill, they ought to, because these are the exact defenses that the government is making in my case: that everything these defendants did was valid, that the court shouldn’t scrutinize war making, because war making is outside the scope of what the sovereign can be liable for.”
See the complete address here:
Folks, I hope you understand the significance of this case. For all intents and purposes, Bush I, Clinton, Bush II, Obama, et al., are behaving EXACTLY as did Germany’s National Socialists (Nazis). If the U.S. government prevails in this case, it will mean that the Nazis’ defense at Nuremberg was RIGHT, and that the allied courts were WRONG to indict them.
Ask yourself, why would Republican senators Lindsey Graham and John McCain viciously attack Rand Paul’s foreign policy like they have? Graham and McCain went on national television last week and said that Rand’s foreign policy was WORSE than Barack Obama’s. Why would Republicans laud a liberal Democrat above a fellow Republican, not once, but over and over? Why? Because these men are governed by the same neocon (Nazi-like) agenda. Rand Paul is not. Democrat and Republican mean NOTHING. As long as he or she allows him or herself to be controlled by the neocon foreign policy, he or she will receive the approbation and support of the governing establishment. And, while what I am about to say is NOT an official endorsement, the ONLY candidate for President who, so far, is not willing to grovel before the neocon foreign policy agenda is Rand Paul. You can bet that the political and media establishments will do ANYTHING and EVERYTHING to keep Rand from obtaining the Republican nomination, because, to them, IT’S ALL ABOUT MAINTAINING NEOCON CONTROL OF AMERICA’S FOREIGN POLICY.
(The pressure on Rand Paul to capitulate his policy of non-aggression is massive. It will be a miracle if he can maintain his convictions on this matter. His dad, Ron Paul, was able to do it. I hope Rand can. I am earnestly praying for him.)
The Crime of Aggression was the crime that King David was guilty of planning in his heart in II Samuel 24. It was the crime that caused a divine plague of 70,000 deaths and the end of David’s reign. It is the same crime that the vast majority of America’s leaders are currently guilty of. And it is the same sin that a seeming majority of America’s pastors and Christians are willing to tolerate and support.
Someone must see the Angel with sword drawn standing above America. Someone must be willing to call out our leaders for these crimes–as King David’s personal chaplain was willing to do to him. This is one reason why King David was such a great man: not because he never failed, but, because the times when he did fail, he was willing to repent and take personal responsibility for his failure. And, remember, David’s failure upon which we are currently focused was predicated upon the fact that God was angry with THE PEOPLE.
You can bet we are going to see NO REPENTANCE from the vast majority of America’s political leaders or from the vast majority of those who want to be our next President. If the pastors of America don’t call out the crimes of our nation’s leaders, who will?
Right now, there is an attorney in the Ninth Circuit who is trying to do it. For the most part, he is a voice in the wilderness. And, no, I know nothing of his personal faith. It doesn’t matter. This is a matter of Natural Law. This is a matter of national justice. And law and justice apply equally to ALL PEOPLE.
No wonder that King David’s last words were: “He that ruleth over men must be just, ruling in the fear of God.” (II Sam. 23:3)
People who love justice and who have the fear of God in their hearts are the kinds of people spiritually qualified to be a nation’s leaders. Right now, the vast majority of our leaders have neither. And their almost universal endorsement of The Crime of Aggression proves it.
But, be not deceived: this national crime is bringing America to the brink of divine judgment, the likes of which this country has never seen. It happened to David’s Israel; it happened to Caesar’s Rome; it happened to Hitler’s Germany; and it will happen to Bush/Clinton/Obama/Boehner/
The shadow cabal that exerts raw power over the public controls and dictates the mindset that passes as the popular culture. Keeping people in fear, real or manufactured is essential to keep the police state omnipresent. Both foreign and domestic operations are conducted to divide and rule, not only other nations, but the indigenous populations that are targets of the next clandestine mission. Since the end of WWII, the intelligence community has lead the way to overturn our constitutional republic and put into place a controlled social environment that is docile and obedient to the masters of the Amerika Empire.
In order to accomplish this fundamental transition from a free society into a despotic police state, threats must be fashioned, real or imaginary. Bona fide menaces that imperil our legitimate national security require intelligent and defensive action. However, such situations are rare, when compared to the entire mix of manufactured crisis that are designed to increase the range and scope of the power establishment.
The sordid and soiled history of the Central Intelligence Agency is a prime example of furthering international conflict and tension so that the national subjects will accept a trepidation culture. But the CIA is not alone in this coordinated effort to create undeviating terror. In the 50’s the FBI looked for a commie under any bed. Just consider how far we have sunk since Hoover did his illegal wire taps to a society that routinely accept the NSA collection of all electronic communications.
With the collapse of the Soviet International and the intellectual disrepute of Marxist ideology, one might think that the efforts of the intelligence communities might have earned their keep. With the recent disclosure of the CIA cooperated with Chinese intelligence to target Russia, the book “The Hundred Year Marathon” by former Pentagon official Michael Pillsbury reveals the following:
“Covert CIA-China cooperation was part of successive administrations’ programs to undermine the Soviet Union, which China turned on after realizing Moscow’s Marxist-Leninist economic model was doomed. China instead began courting the United States for economic benefit while creating a revised communist economic system.
The disclosures of clandestine U.S.-China intelligence cooperation dating to the 1970s are likely to embarrass Beijing. China frequently attacks the CIA for allegedly fomenting democratic revolution in China and for supporting the exiled Tibetan leader the Dalai Lama, whom China designated as a major enemy. Beijing also accused the CIA of organizing the recent large-scale pro-democracy demonstrations in Hong Kong. The U.S. government has denied any role in the public outcry over creeping Chinese control over the former British colony.”
The significance of the “Agency” working with an advocacy to destabilize a different foe should not shock seasoned observers of international intrigue. What is even less surprising is that the defeat of the Soviet Communist regime brought a new era of openness to Russia, while the neo-commies in Beijing China perfected their totalitarian model for the NWO globalism elites.
Now that the Putin administration is exerting its own national interest and pushes back against the American expansion to surround the “Motherland”, the pro Zionists over at the State Department ratchet up pressure on the new Russia. The U.S. inspired coup in Ukraine has always been about neutering the Christian revival in Russia.
As currency wars develop and the Russia Rubble was recently undermined, the attack on any intended opposition to the “world community” is set to expand. Conversely, speculation that the IMF will soon add the Chinese Yuan as a reserve currency indicates that it is vital to craft essential enemies when needed and elevate opportunist when useful.
The common theme throughout the last century has been the planned technocratic human bondage of the world population. The calls for democratic self determination and economic uplifting for subsistent level peasants may seem to have improved the human condition. Even so, the upgrading in material minimalism has not been accompanied with respect for individual human rights.
The State, no matter what nationality or ideological orientation all share a consistent flaw; namely, a false authority of supremacy that imposes the dictates of committed globalists.
Failure to recognize that intelligence and security agencies are nothing more than police state enforcers is a prime reason why a universal populist movement does not gain traction.
Different cultures perceive the world within their own ethnic eyes. Expecting varied outlooks should be accepted as normal. However, the overriding message that comes out of the mass media, both foreign and domestic, share a common commercial content. The powers that be must be obeyed. This social indoctrination is intended to protect the interdependency of a unified global matrix.
In order to achieve this objective, perceived threats are useful. Distinguishing between tangible and phony dangers, contrary to popular wisdom, is not a function, preformed by the security apparatus, one can have confidence in. Their literal agenda is to serve the shifting global instability template, so that the elite’s can continue to have free reign on adding more layers of servitude.
Today’s serfs often wear designer duds. But more important, perception is altered when history is perverted. How the CIA Turned Doctor Zhivago into a Propaganda Weapon Against the Soviet Union provided a valuable lesson.
“The CIA’s recently revealed use of Boris Pasternak’s novel Doctor Zhivago as a propaganda weapon. Repressed in Pasternak’s native Russia, the book first appeared in Italy in 1957. The following year, the British suggested to America’s Central Intelligence Agency that the book stood a decent chance of winning hearts and minds behind the Iron Curtain — if, of course, they could get a few copies in there. A CIA memo sent across its own Soviet Russia Division subsequently pronounced Doctor Zhivago as possessed of “great propaganda value, not only for its intrinsic message and thought-provoking nature, but also for the circumstances of its publication. We have the opportunity to make Soviet citizens wonder what is wrong with their government, when a fine literary work by the man acknowledged to be the greatest living Russian writer is not even available in his own country in his own language for his own people to read.”
That evaluation comes from one of the over 130 declassified documents used by Peter Finn and Petra Couvée in their brand new history of this act of real-life literary espionage, The Zhivago Affair: The Kremlin, the CIA and the Battle Over a Forbidden Book.”
The message behind this outstanding treasure of literature is undeniable. Hopeful, uplifting of the human spirit, while describing the grim circumstances of the commissar system, is memorable. Comrades beware; bringing down an evil empire to have it replaced with a kinder and gentler Western version of globalization is not exactly the definition of success.
Who among the defenders of Western Civilization will write the next masterpiece about the sinister motives and dire effects of the true global hegemony that seeks to subjugate all of humanity under the banner of world unity?
The imposition of State terror initiates its next operation with the full blessing of the financial controllers. Keeping and expanding the danger level of false flag terrorism, provides the excuse to impose the Jade Helm gulag.
“JADE-HELM – stands for: “Joint Assistance For Deployment and Execution – Homeland Eradication of Local Militants.” In other words, the Government is getting nervous about the fact that more Americans are now aware of the corruption, criminality and destruction of civil rights. Jade Helm is specifically intended for the purpose of eliminating fomenting Government insurrection groups. The States in which Jade Helm exercises are being conducted are “hot beds” for anti-Government militia groups (the latter are your allies).”
The faint-hearted vassals, who would never dare to jeopardize their own tranquility, if not meaningless subsistence, or oppose their countries deep sleep into oblivion, are real bondage serfs.
Keeping or amplifying the CIA sub-rosa agenda of warfare missions to include domestic operations should be opposed by any loyal citizen. Since apathy, confusion and denial of what actually constitutes a “Good and Open Society” is in such short supply, few will act upon resisting the forces of global tyranny.
When genuine national security is sacrificed to further a climate of prefab fear, we lose the battle for true safety. If enduring under a Reign of Terror is the price we all must pay to complete the global New World Order, we must be collectively insane to allow this transition to be accepted without a fight to the death.
Many will conclude that this conversion is inevitable. Doctor Zhivago was a heroic figure and fought the autocrats. His example provides motivation to apply the same principles of opposition to the established order of a demonic organized criminal syndicate.
Having the courage to combat despotism in favor of individual liberation, is fundamentally our duty and purpose as true Americans. Reject phony intelligence community terrorist threats. In order to restore the essence of our nation, every citizen needs to oppose any and all components of the New World Order. Reform will not work. Only total rebellion is left.
Obama’s “No Growth, No Jobs, No Recovery”
The world’s biggest economy ground to a standstill in the first quarter of 2015 wracked by massive job losses in the oil sector, falling personal consumption, weak exports and droopy fixed investment. Real gross domestic product (GDP), the value of the production of goods and services in the US, increased at an abysmal annual rate of just 0.2 percent in Q1 ’15 according to the Bureau of Economic Analysis demonstrating conclusively that 6 years of zero rates and Large-Scale Asset Purchases (LSAP)– which have enriched stock speculators, inflated the largest asset-price bubble in history, and exacerbated inequality to levels not seen since the Gilded Age– have done nothing to improve the real economy, boost demand or reduce unemployment. As the BEA data illustrates, the US economy is basically DOA, a victim of criminal congressional negligence and Central Bank chicanery.
From the BEA release: “The deceleration in real GDP growth in the first quarter reflected a deceleration in PCE, downturns in exports, in nonresidential fixed investment, and in state and local government spending, and a deceleration in residential fixed investment that were partly offset by a deceleration in imports and upturns in private inventory investment and in federal government spending.”
Translation: The economy is in the shitter. Consumers aren’t spending because the crap-ass jobs they landed after the crisis pay half as much as the jobs they lost when Wall Street blew up the financial system. Personal savings are up and spending is down because households face an uncertain future where pensions are being trimmed and Social Security is under attack. Also, spending is impacted by the historic low (employment) participation rate which indicates that joblessness is much higher than the government’s phony numbers suggest. When workers are unemployed they don’t spend, activity drops, and the economy tanks. It’s that simple. Today’s data just confirms what most people already know, that the economy stinks and that they’re being ripped off by a voracious oligarchy that’s stacked the deck in their favor.
The US economy is stuck in the mud because our bought-and-paid-for congress has relinquished all authority and handed over the management of the economy to the industry-controlled Federal Reserve. Whereas our current budget deficits are in the range of 2 percent per annum, the government should be spending a lot more to compensate for the slowdown in private sector spending and investment. In the past, the congress and president would initiate sensible Keynesian fiscal stimulus programs to keep the economy sputtering along while households repaired their balance sheets or businesses struggled with weak demand. Those tried-and-true remedies have been jettisoned for the new monetarist orthodoxy that requires that all the nation’s wealth be filtered through the Wall Street casino so that the pampered thieves who destroyed the country with their mortgage-securities-Ponzi-scam be further rewarded for their insatiable greed.
Manufacturing, retail sales, MBA purchase applications, business investment etc, are all in the toilet. There’s a very good chance the economy is already in recession which will undoubtedly send stocks even higher since every proclamation of bad news generates a buying frenzy by clever speculators who anticipate that the Fed will continue to extend the zero rates and easy money to infinity.
It’s worth noting that the economy had been hanging on by the skin of its teeth mainly do to strong activity in the oil patch where credit expansion, intensive corporate investment, and high-paying jobs (which supported 4 additional jobs in the local economy!) contributed more than $200 billion per year to GDP. Now domestic oil production is in deep distress. Layoffs recently surpassed the 100,000 milestone (See: Oil Layoffs Hit 100,000 and Counting, Wall Street Journal) and borrowing has dried up. Economist Warren Mosler explains the impact the cutbacks in domestic oil have had on GDP in this video from RT that I have transcribed:
“The price drop in oil has turned out to be the unambiguous negative that we had talked about before….where income saved by the consumer, is lost by another consumer. For every dollar not spend by one consumer, another doesn’t get it. ..so you’re just left with the collapse in capital expenditures. (business investment) It turns out, there was about $150 borrowed in the sector last year, driving what modest growth we had last year. Since that disappeared, all the numbers have been going straight down. Unless something steps up to the plate to replace the lost borrowing-to-spend from chasing $100 oil, I see no hope whatsoever.” (Warren Mosler Interview, RT)
Economic recovery requires credit expansion, business investment and jobs. All three of these were severely impacted by the Obama’s goofy plan to push down oil prices in order to destroy the Russian economy. Here’s a brief summary:
“John Kerry, the US Secretary of State, allegedly struck a deal with King Abdullah in September under which the Saudis would sell crude at below the prevailing market price. That would help explain why the price has been falling at a time when, given the turmoil in Iraq and Syria caused by Islamic State, it would normally have been rising.” (Stakes are high as US plays the oil card against Iran and Russia, Larry Eliot, Guardian)
As indicated by today’s ghastly GDP data, Obama not only shot himself in the foot, he might have blown off his whole leg. Aside from the colossal growth in private inventories–which will be a drag on future growth–todays report was nothing short of a disaster.
The Federal Reserve bank and its owners, the largest banks on Wall Street, want badly to be able to charge you interest for the privilege of depositing your funds. The problem is getting you to stand for it.
Depositors already complain vigorously about zero percent returns on checking and savings accounts. If they must start actually paying the bank to hold funds on deposit, many will opt to simply withdraw the cash and stuff it under their mattress or into a safe deposit box. That simply won’t do.
The Goal Is to Force You to Deposit Cash and Charge You Interest
Bankers in the U.S. can learn something from the Swiss. The Swiss National Bank recently implemented negative interest rates without first solving the “problem” of how to prevent cash from fleeing the banks. Predictably, depositors started doing some math.
In one example, a sizable Swiss pension fund, calculated it would save 25,000 francs for every 10 million it held in the bank by simply withdrawing those millions and taking the bales of paper francs to be kept in a vault. The vault storage fees are less expensive than the negative interest rate.
Jumping the gun on the implementation of negative rates put the Swiss banks in an awkward situation. Like all fractional reserve lenders, they don’t have anywhere near enough cash to make good on the withdrawals that may be coming. The bank holding the pension money had little choice but to refuse the client’s demand for millions of francs – funds the client is contractually entitled to. Telling clients “sorry, you can’t make a withdrawal” never goes over too well!
Nevertheless, the Swiss National Bank is sticking to its guns. It is encouraging retail banks to be “restrictive” with regards to cash withdrawals. And it is berating actors such as the pension fund for trying to circumvent negative interest rates. Apparently no one should be questioning the wisdom behind the policy! But the bluster isn’t hiding the fact that bankers stand upon shaky legal ground. The potential for a run on the banks remains.
Insiders here look anxious to avoid a similar situation. Willem Buiter, the chief economist at CitiBank, thinks he’s got the answer to this banker’s quandary. Simply abolish cash. Or tax it punitively. He isn’t the only one supporting this radical solution. Other economists, including the prominent Harvard professor Kenneth Rogoff, also think banning cash is a grand idea.
If depositors’ response to negative interest rates is predictable, so is the reaction from central planners. Effective herding is all about limiting the escape routes for members of the herd.
Eliminating physical cash may well be a longer-term project, but it is not something the Fed can likely implement any time soon. In the meantime, there are other ways to prevent depositors from making their escape.
Banks can also implement new policies of their own. Joseph Salerno from the Mises Institute discoveredJPMorgan Chase leading the way. The bank very recently began test driving new rules in Cleveland as well as other markets.The bank will no longer accept cash from customers who want to use it to make mortgage payments, pay credit card balances or to cover their automobile loan.
No Cash or Bullion Allowed in Safe Deposit Boxes
Chase also rolled out new restrictions on what can be put into safe deposit boxes. The “Updated Safe Deposit Box Lease Agreement” customers must sign states, “You agree not to store any cash or coins other than those found to have a collectible value.”
Expect other banks to follow suit shortly. The new rules go on top of decades of inflationary monetary policy, making paper currencies worth perpetually less over time. Clearly bankers are plumbing customers’ tolerance for pain.
More and more people will be looking for ways to make it stop. This is where things promise to get interesting for gold and silver investors.
Financial repression, the attempt to force citizens to accept the government shears, has long been a driver of demand for physical precious metals. This demand will accelerate as measures become more draconian. Some bank customers, perhaps even the Swiss pension fund mentioned above, will decide that bullion is a better option than sitting on bales of depreciating paper currency or paying banks to hold deposits.
Here in the U.S., the banks are central to just about all bureaucratic efforts at control. Look for droves of people to try and sidestep the banks and the dollar itself. The next decade or two is almost certain to see rapid innovation in alternative ways to store value and transact. Ways that preserve privacy and are beyond the reach of bureaucrats. As these new systems seek to gain trust and acceptance, precious metals are almost certain to play a much bigger role.
Blaming the 1% for diminished prosperity avoids the real reasons for designed poverty. In round terms, the seven billion souls that populate this planet translate into seventy million to be part of the 1%. Well, that amount is still a very large number to blame for the systemic transfer of riches into the hands of the few. A far more relevant approach is to examine the .001% or around seven million that fall into the mover or shakers of asset and possessions. Before targeting this group of mega wealth, that figure includes a very significant number, who are non players when it comes to global politics or transnational finance.
Recent record art sales illustrate the insulated existence that wraps the super rich in a different world from ordinary people. The Washington Post writes, What it looks like when the .001 percent fights over art.
“Welcome to Christie’s,” Pylkkanen said, without missing a beat.
It was that kind of night, with Christie’s selling a record $852.9 million worth of contemporary and post-war art. There were new records for 11 artists, including Twombly, Ed Ruscha, Peter Doig, Martin Kippenberger and Seth Price, according to figures released by Christie’s.”
Not exactly familiar household art celebrities, this version of trickledown economics is only for the in crowd. A Reuter report, Life continues sweetly for the .001 percent, continues.
“Art envy isn’t the only sign that the Occupy Wall Street din isn’t being heard on penthouse terraces. Sanford Weill, the former chief executive of Citigroup (C.N), put his 6,700-square-foot, top-floor residence on Central Park West on the market for $88 million. That’s twice what he paid for it four years ago and would be a Manhattan record. Weill said he plans to donate proceeds from the sale to charity, but for the time being would still have it as a deduction to apply against his taxable income.
The point is, the besieged banker class is still going about its business — and wielding considerable clout. That’s a lesson celebrity chef Mario Batali learned after likening bankers to Adolf Hitler and Josef Stalin at a media event. After news of the comments swept across Wall Street and sparked talk of boycotts among Batali’s well-heeled clientele, he apologized. With the 99 percent rallying against them, the rich clearly can’t afford to turn on themselves.”
While the uber rich are not exactly a monolith, there are certain factors that go unchallenged. List of 80 People With as Much Money as 1/2 of Humanityprovides a starting point. Then examine the growth in their wealth. In 2015, there was a record of 1,826 people on the list with a total net worth of $7.05 trillion, up from $6.4 trillion in 2014. The bible of financial registry is the Forbes billionaire list which is wholly inadequate as a comprehensive tally. Notwithstanding, the seven trillion figure is but a fraction of the estimated $241 trillion which represents total global combined wealth of all the people in the world.
This disparity just does not compute when compared to the commonly held dogma of the holdings of the 1%. Even the rarified air of the .001% will not account for the difference. The missing link is that people, as individuals, do not control the vast majority of resources, assets, money and wealth.
Governments, financial institutions, corporations, transnational conglomerates, NGO’s, trusts, estates and hidden hybrid ownership truly controls the global economy that dictates, who benefits from the consolidation of capital and oversight of natural resources.
The mandates that pass as national laws and international treaty relations share a common composition. Protecting the superstructure that facilitates elite domination over the masses of world population is the object of the game. The rest of us are left with distractions, illusions and misdirect narratives of a false reality that embodies the popular culture.
The mass media message is consistent. It paints the ruling class as benevolent and caring. The collectivist administrations of different regimes are planned as a huge dependence machine. Some countries are more dominant than others, by all practice institutional autocracy as a condition of allowing their citizens the privilege of conditional government sustenance.
Individual liberty is besieged as a frightening threat to the system. Actual free economic markets are destroyed as a matter of course. Cartels, cabals and monopolies rule as cronyism with the decision makers dictate the direction of the technocratic socialism that has engulfed world society.
The reason why human circumstances continue to deteriorate is clear to anyone who has the honesty to admit that the dire consequences are not accidental or unintentional. However, coming to grips with the architectures of international finance is just too painful to endure. A comment from a leaving subscriber of the BATR RealPolitik Newsletter, sums up perfectly a core reason why the world totalitarian system continues with such little opposition. “Your site does an excellent job of exposing the truth but this imposes too high a price on my daily mental attitude and overall health”.
Life is seldom fair, and more often painful, but a cop out of unpleasant reality guarantees that the Rothschild manipulated model of world slavery will achieve their ultimate goal of massive population extinction for the dependency populace.
A primary failure of the “Looney Left” is placing their faith into the role of government to correct the punitive excesses of global internationalism. The nature of the contrived interdependency is based upon the power of fiat finance to own and dictated policy to their state sponsored lackeys.
Those brave hearted dissenters to the “international community” are driven from office, discredited by a media assault or killed if they become too much of a threat.
Jack Lessenberry offers this assessment in, Politics and Prejudices: What’s really ruining America.
“Income inequality in this nation is not only bad and getting worse, but most of us are either brainwashed, in total denial, or too gutless to even talk about it. Why don’t you hear Hillary Clinton or Elizabeth Warren screaming about this, as they should be?
For two simple reasons: First, they’re afraid they’ll instantly be accused of wanting to start “class warfare,” a term that, like socialism, evokes bad nightmares of — shudder — Communist dictatorships.
But more sadly, they probably don’t think there’s anything they can do about it, other than maybe slow the trend a little bit.”
This critique of the “so called” daring progressives actually reveals that both play up to the establishment. Bucking the true world power brokers is very dangerous. Ask JFK, RFK, George Wallace and Ronald Reagan. Satanic megalomaniacs are committed to the impoverishment of the masses and their eventual total demise.
When was the last time that a real populist grassroots movement was able to overthrow the ruling elites? The deplorable answer is never in our lifetime.
The systemic wealth destruction that has rendered former Middle America to borderline poverty came as no accident. Don’t blame all those new faces in the billionaire crowd; they only have large bank accounts. Focus on the dynasty families that share the same bloodline and pull the strings on government puppets that administer the all-inclusive enslavement of humanity as their primary goal.
Collectivism is a deadened scheme, originated by the globalists to deceive the struggling “unwashed” to look toward government for a better future. Wow, what a miserable fiasco.
Having money is better than being poor, all other factors relative. However, earning wealth the old fashion way, by working hard is virtually a non starter today. The casino economy is a stacked deck against the industrious.
Only a total reputation of the Free Trade corporatist plantation that has de-industrialized America could remotely turn the tide. But before any boom could begin and restore national hope, the political organized crime syndicates must be recognized as the enemy of the people and driven from their power centers and debt created money schemes.
Just like the burnt out aforementioned BATR reader, the remaining moral participants that do battle with a corrupt system must risk having their head cut off, for any chance of returning to prosperity.
The task is great and little time is left. The NYT reports that a Deal Reached on Fast-Track Authority for Obama on Trade Accord, will expand the globalist fiefdom even more.
“To further sweeten the deal for Democrats, the package includes expanding trade adjustment assistance — aid to workers whose jobs are displaced by global trade — to service workers, not just manufacturing workers. Mr. Wyden also insisted on a four-year extension of a tax credit to help displaced workers purchase health insurance.”
This is a clear example of collectivism at play. Government subsidies that replace real employment, does not create wealth for our own people or for the country as a whole. It is high time to admit that the 99.9% is screwed as long as this same old globalist trade fraud continues to impoverish our domestic economy.
Rally against the globalists and refuse any legitimacy to a system that is designed to distract with class warfare, while the central banksters own the vast total wealth and control the power structure.
Peace Is Impossible Without It…
“The life is in the blood, and the whole nation shall bleed to death, or it shall change its faith!” Henry Wadsworth Longfellow, Antiochus in “Judas Maccabaeus”
Last July Brandon Smith wrote an article entitled “The Reasons We Fight the New World Order”. Read here.
He begins by enumerating several fallacies that the citizens of the U. S. continue to regard as truth: That the election of Democrats or Republicans can change the fall of our nation; that Russia and the U. S. are actually enemies; and that central banks are individually controlled.
He describes the battle as between two forces: the people and those that seek to control them. Maintaining that people just want to be left alone he cites those who want to control others as,” self-appointed elite who fancy themselves grandly qualified to determine the destiny of every man, woman and child at the expense of individual freedom and self-determination.”
Pointing out a conflict in the reasoning of the elite controllers who believe they have the proper definition of the greater good while at the same time maintaining that “good” is relative, he goes on to claim that “The greater good is inherently and intuitively felt by most people. Whether one listens to this voice of conscience is up to the individual.”
He denounces collectivism and writes, “As long as men are stricken by bias, selfish desire and lack of awareness, they will never be able to determine what is best for other people.”
“I don’t claim to know what ideology would make a perfect society and I certainly don’t know the exact solutions needed to get there. What I do know, though, is that no one else knows either.” He then goes on to present “The Opposite View” which outlines a solution.
Smith has written an interesting article with several good insights. However, like most Libertarians he fails to note the inherent human characteristics that are at war with peace and freedom.
First, men are by nature selfish and biased; Christians call it sin. It is the platform that has given the world a history of constant theft, murder, and war.
Second, we are not created equal – some are strong, some are weak; some are smart, some are not; some are agile, some are not; etc. Everything in creation is unique; the only one of its kind.
Third, some individuals and races will attempt to control and tyrannize other weaker and less aggressive individuals and races.
Fourth, each human being thinking in a void will consider his opinion the best and when opinions collide, power will prevail and tyranny will result.
The idea that sinful humanity can exist in peace without the force of law is utopian and foolish. History is replete with war because powerful men are often bullies who delight in beating up and robbing their neighbors. Now, I know everyone does not want to be king of the mountain but enough do so if left unchecked, chaos will result.
Freedom and peace can exist together but only when the immutable legal system of the Creator hovers over and guides their actions. Each individual is responsible to the Creator for acting according to His mandates. The new world order seeks responsibility at the top; Christianity seeks responsibility at the bottom. Freedom and peace require the wisdom of the Creator. Humanity will not know real peace and freedom until they understand and seek to live under the mandates of the only One with the right to rule.
Proper individual government is essential to a free society. Individuals who fail to govern themselves must be restrained by a just legal code. The simple legal guidelines God has given us in His Law provide a blueprint for individual behavior – we need to know how we should behave and how those around us should behave. Since God’s Law is above the entire creation both citizens and leaders are subject to its mandates.
Severe penalties are necessary to insure the social order is not disrupted by rebellion or insurrection. These penalties when properly enforced provide a form of righteous eugenics designed over time to create a peaceful, productive society. God’s perfect law works toward allowing all peace loving people to live in harmony without fearing their neighbor. Germany’s eugenics program under Hitler (designed after a U. S. program in California) sought only humanistic results.
Twelve volumes with matched bindings have rested on one of our bookshelves for several decades. They were acquired almost forty years ago when Patty and I were newly married as filler for one of the bookcase shelves in our new home. They were purchased for appearance purposes not content.
Recently, in an adventurous moment, with the aid of a flashlight I knelt to read the inscriptions. Six volumes were by Makepeace Thackeray and six by Henry Wadsworth Longfellow. I began to read Longfellow. The books were published in 1886 by Houghton Mifflin. The time worn pages were delicate; they cracked easily and the bookmaker’s cutter missed some which as I read needed to be cut apart with a sharp knife.
Longfellow was proficient in Latin and one of the volumes was entitled “Christus, A mystery”. I read through the volume finding particular interest in the latter pages “The Tragedy in New England” a critique of attempts to apply God’s Law concerning witches.
I have written many essays about the need for God’s Law in contemporary society. In response, critics invariably question the wisdom of allowing humans to administer law that requires the life of transgressors.
“The Tragedy in New England” affirms the need for extreme care in enforcing statutes involving mortality. Though three witnesses are considered a Biblical standard when they are not available and the requirement is discarded in favor of circumstantial evidence, egregious errors are common. DNA has now proven the frailty of not only this procedure but of the adversary court itself.
“The Tragedy in New England’ sets forth a powerful example of aggressive law enforcement untampered by the wisdom of justice. In poetic conversational prose Longfellow brings the injustice of the witch hunt to life along with its tragic result. Unusual circumstances used to prove the existence of evil spirits and innocent, law abiding people (often women) were convicted and executed. It was indeed a tragedy.
The lesson is not lost on our contemporary legal system which also fails to apply the law as a guideline to justice; sometimes creating an obvious injustice by blind enforcement.
Human beings need law. The question is what law and how is it to be administered. Humanistic law always involves the powerful controlling the powerless and will always end in tyranny. The Reformation brought resistance to the Divine right of kings and a movement to bring them under the rule of the One True God.
During the Seventeenth Century Scotsman Samuel Rutherford wrote a book entitles “The Law is King”. Its publication earned him a death sentence which was thwarted by his natural demise. Power in the hands of Bramble men is difficult to remove and those who seek to remove it put themselves in person jeopardy.
Human beings not only need law but if they desire to live in peace and freedom they need an immutable, overarching divine Law that will act as a shield to the anarchic opinions of powerful men.
Law must be enforced with compassion, mercy, sensitivity, and sometimes leniency. We must seek justice even at the sacrifice of the letter of the law. I shudder when a wife, physically and mentally abused by a sadistic husband, is given a long term in prison for killing him. The law is upheld but justice is destroyed. Society cannot allow wives to kill their husbands for trivial reasons but there are situations where it is the proper solution and in those situations the law should be sacrificed so justice can prevail.
We were not created to govern ourselves and when we attempt to rob God of His rightful dominion we produce chaos and end up under the thumb of the Bramble men.
“They word is a lamp to my feet, and a light to my path, I have sworn, and I will confirm it, that I will keep Thy righteous ordinances.” King David, Psalm 119:105-106
There’s a new front opening up in the war on your wealth. If you haven’t heard yet of the “bail-in,” you will. Even if you have, you need to know the latest…
The bail-in is another weapon in the government’s arsenal of capital controls meant to reward Wall Street cronies and separate you from your money.
We’ve long been familiar with capital controls, such as daily limits on bank withdrawals. Add that to seven years of microscopic interest rates cannibalizing savers’ nest eggs combined with planned inflation stealing your money while you sleep. But unlike the drip-drip we’re used to, the bail-in will come upon you quickly, harshly, and with finality.
As the world faced a complete financial meltdown in 2008, Congress ponied up fresh taxpayer money – $800 billion for openers and trillions since – to bail-out favored banks and industries. Out-of-favor institutions were allowed to fail. Jobs, fortunes, and futures disappeared while unborn generations were saddled overnight with unpayable debt.
Congress and bankers noted the sharply disagreeable taxpayer reaction. So they recycled an old idea from the Great Depression’s playbook – next time, just steal bank depositors’ life savings.
That tried and true tactic took a new name: the bail-in. The easy part – the laws they needed had been in place for decades. But for added cover, they passed the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, a 1930’s-styled, bank heist blueprint with a feel-good name.
Those laws altogether say your money in your bank account in your name is not your money. Those laws say the bank owns your deposited money, not you.
Court cases have upheld for decades that putting your money in savings, a CD, or other banking products means you’ve become an “unsecured creditor.”
Your deposit is actually an unsecured loan to the bank with all the problems of counterparty risk! Instead of being presented with collateral, you get an IOU that pays a pittance in interest, or in many cases nothing.
A busted bank doesn’t have to return your principal deposits. Unlike when YOU are the borrower and THE BANK is the lender, the bank didn’t tender you a lawyered up promissory note or offer you a lien on its assets. Legally speaking, you may as well have handed your money to a stranger in the alley.
“Unsecured creditor” means just what it says: “no security.”
As banks went belly up during the Great Depression, slaughtering depositors’ life savings, Congress offered reassurance that banks could be safe by creating the Federal Deposit Insurance Corporation, or FDIC. For decades thereafter, careful depositors walked the tightrope of spreading their deposits among various banks to qualify for insurance protection.
Every depositor should now be aware of the FDIC’s congressional mandate to handle the next global economic meltdown. Readers can read that entire scheme here.
It’s not an easy read because it was never meant to be. Here are some notes that might help…
The Scheme’s Fine Print Reads: Bank Depositors Are Screwed
It’s a joint plan with the Bank of England. Bankers see the next meltdown again going global. The title accurately names the sole intended survivors – “Globally Active, Systemically Important Financial Institutions.” The document reveals a future meltdown was anticipated, discussed, and coordinated years before the publication date of December 10, 2012.
The language “top of the group” refers to creditors, stock holders, and bond holders. They are first in line for slaughter (p. ii, p. iii).
“Resolution tools” and “resolution powers” are used throughout the document. “…applying resolution tools to different parts of the group” means FDIC has authority to make it up as they go (p.1, para 3). “…resolution authorities must not be constrained in exercising discretion” means FDIC decisions carry absolute legal authority (p.1, para.4).
FDIC doesn’t like the word “save,” as in “save bad banks.” FDIC substitutes the word “resolve” 18 times.
And then there’s you, the “unsecured creditor.”
As it happens, “unsecured creditors” are quite important with the FDIC, appearing 11 times in the 18 page document. “…unsecured creditors should thus expect that their claims would be written down to reflect any losses that shareholders did not cover” means we’ll tell you how much you lost after we divvy up the take (p.6, para 12). That could also point to lowered insurance limits without notice, if any insurance is left at all.
“…it will take time for losses to be assessed for purposes of recapitalization” strongly hints at freezing any loot in accounts left behind (p.8, para 35).
Your consolation prize, if there’s one at all, might be some government-issued bank stock you can’t sell.
FDIC congratulates itself 9 times for not “exposing taxpayers,” never mentioning FDIC itself would be bankrupt after the first $50 billion in claims, leaving taxpayers to bail-out the very FDIC created in 1933 to shield their savings deposits. One single zombie bank could easily swallow $50 billion. Estimates of currently insured FDIC deposits exceed $6 trillion.
Bail-in Scheme Has Been Tested and Is Ready for Use
The bail-in ripoff scheme has been successfully tested. Depositors in Cyprus found their savings largely wiped out early in 2013. That infamous bail-in was a test run, leaving the U.S. government’s fingerprints all over Cyprus. It is significant to note Cypriot authorities claimed, on their website, the legal authority to change rules mid-stream at any time, just as the FDIC claims.
Low withdrawal limits stopped panicked depositors’ last minute bank runs. As banks stole their deposits, no citizens stormed banks with pitchforks, no guillotines were hauled into the village square. Bankers from Cyprus to New York congratulated themselves all around.
Poland quickly followed, stealing not bank accounts but private pension funds. Authorities took 50% of Polish retirement funds overnight with the click of a mouse.
Bail-in plans have been adopted by Canada, Australia, and throughout Europe for future use. The G-20, representing the twenty largest national economies, rubber stamped approval for global bail-ins late last year, as has the International Monetary Fund. Just last week, Austria suddenly dumped its version of FDIC insurance altogether.
Governments facing economic annihilation across the globe are now legally authorized to seize banking depositors’ savings, either all or in part, overnight, and without notice. The bail-in is a treasure map for bankers and governments at the next hint of worldwide economic calamity.
They know the next meltdown will be your grandfather’s Great Depression.
Unlike the 1930’s, there will be no point standing in long lines with hat in hand to ask for your money. By the time you hear the news, your money in the bank will already be gone.