“I liken the economy to a car on a flat road that has no momentum. When you take your foot off the gas, the car just stops moving.” — Stephanie Pomboy, Interview Barron’s
If you follow the stock market, you probably think the economy is sizzling. But if bonds are your thing, then you probably think we’re still in recession.
So which is the better gauge of what’s going on in the real economy; stocks or bonds?
The bond market is more accurate. And recently, long-term yields have been dropping like a stone which is not a good sign for the economy. Investors seem to think that slow growth and low inflation are here to stay, and they could be right. According to Bloomberg, “Falling yields on longer-term Treasuries historically reflect periods of lackluster growth. Since 1960, they have predicted seven of the last eight recessions when 10-year yields fell below 3-month bill rates.” As of today, the benchmark 10-year UST is a dismal 2.44 percent.
The reason investors have been piling back into Treasuries is because is the labor market is weak and there’s no sign of inflation anywhere. When wages stagnate and incomes drop–as they have since the slump ended– then there’s no upward pressure on prices because everyone is making less dough, so there’s less demand, less growth and, hence, less inflation. Of course, Obama could have fixed the situation by holding off on slashing the deficits or by increasing the amount of stimulus in his fiscal package. That would have circulated more money into the economy boosting employment and revving up growth. But that would have put the economy back on its feet again which was not what he wanted. What he wanted was to grind working people into the ground by keeping the economy on life-support while his chiseling Wall Street buddies made out like bandits on the latest stock market bubble. The Wall Street Journal explains what’s going on:
“Bond yields are – once again – plunging worldwide. The reason for this revived buying among fixed-income investors is that central banks are – once again – signaling their intent to ease monetary conditions in yet another bid to kick-start sluggish economies and forestall a downward spiral in prices, or deflation. The prospect that central banks will continue to inject money into the world’s bond markets…has acted as a green light for the world’s bond buyers.”
So investors think the Fed will have to taper the “Taper” and start buying more government paper. But why?
Because they have no choice. Many of the usual buyers of US Treasuries have cut back on their monthly purchases or stopped buying altogether. That means that rates will have to rise to attract more buyers unless the Fed makes up the difference. Check out this blurb from Barron’s interview with Stephanie Pomboy:
“Foreigners are buying about $10 billion a month of Treasuries. This compares with deficit financing needs for the U.S. government of roughly $40 billion a month, based on this year’s deficit. So the Fed needs to pick up roughly $30 billion a month in slack. When the Fed slashed its buying to $25 billion, effective this month, it for the first time opened up a demand deficit for Treasuries. If they continue to taper, that gap will expand, and things could get bumpy in the Treasury market. Rates won’t go up five basis points before the Fed would start talking about more QE.” (Barrons Interview Posits Weak US Economy, Barron’s)
It’ll get bumpy alright, real bumpy. Higher rates will send housing and stocks into freefall. The Fed will have no choice but to step in to stop the bleeding.
The economy is already suffering from chronic lack of demand. Add higher rates to the mix, and cost-conscious consumers are going to cut back on everything from auto loans to nights-on-the-town. Yellen’s not going to let that happen. She’s going to come up with some cockamamie excuse for buying more USTs and hope-like-hell that wages and incomes rebound so she can start tapering again.
This illustrates the conceptual flaw in Central Bank policy. QE and zero rates are supposed to reduce the price of money, thereby enticing consumers to take out loans and spend like crazy. That, in turn, is supposed to generate more activity and stronger growth. But there’s a slight glitch to this theory, that is, consumers aren’t the brain-dead lab rats the Fed thinks they are. Most people don’t base their spending decisions on price alone. Sometimes, for example, it doesn’t make sense to borrow money no matter how cheap it is. The average working stiff doesn’t give a rip if he can get a loan at 3.5 percent when his credit card is already maxed out and the only job he can find is working graveyard at Jack in the Box. That guy doesn’t need more debt, he needs a decent paying job. Here’s how the managing partner of MBMG Group, Paul Gambles explained the phenom in an interview on CNBC:
“People and businesses are not inclined to borrow money during a downturn purely because it is made cheaper to do so. Consumers also need a feeling of job security and confidence in the economy before taking on additional borrowing commitments.” (Washington’s blog via Zero Hedge)
Bingo. Of course, the members of the Fed know that this whole “cheap money” thing is bogus, but they keep reiterating the same blather so they can keep the wampum flowing to their crooked friends on Wall Street. It’s worth noting that: since the end of the recession, “one-third of all income increases in this country went to just 16,000 households, 95 percent of it went to the top 1 percent, and the bottom 90 percent’s incomes fell, and they fell by 15 percent.”
In other words, the Fed knows exactly how QE works, (and who benefits) and it has nothing to do with extending credit to working people. That’s malarkey. It’s all about providing limitless liquidity for financial speculators so they can send stocks into the stratosphere and rake in record profits. Here’s a blurb from a piece by Zero Hedge that helps to illustrate what’s going on:
“According to the most recent CapitalIQ data, the single biggest buyer of stocks in the first quarter were none other than the companies of the S&P500 itself, which cumulatively repurchased a whopping $160 billion of their own stock in the first quarter!
Should the Q1 pace of buybacks persist into Q2 which has just one month left before it too enters the history books, the LTM period as of June 30, 2014 will be the greatest annual buyback tally in market history.” (Here Is The Mystery, And Completely Indiscriminate, Buyer Of Stocks In The First Quarter, Zero Hedge)
Why are companies buying shares of their own stock, you ask, when buybacks add no productive value to a company at all?
It’s because it gooses stock prices which makes shareholders happy. It’s a complete scam. And it’s a huge scam, too. Currently, total stock buybacks represent a whopping $4 trillion or 20 percent of the total stock market value. Just think of the walloping prices are going to take when these same shareholders decide it’s time to bail out? Look out below!
Now get a load of this clip from Action Forex:
“Disappointment over the pace of economic growth explains at least some of the downturn in yields. The U.S. economy very likely contracted in the first quarter of the year, perhaps by as much as 1.0% annualized … Even with a strong bounce back in the second quarter … – the average pace of growth in the first half of the year will be a tepid 2.0%, about the pace it’s been since the end of the recession…
The retrenchment in yields also reflects events abroad … However, there is perhaps another reason for the decline in yields that is more pernicious. There is the realization that even after the recovery has run its course, economic growth is likely to be slower than it has been in the past. Slower growth means that as the fed funds rate eventually moves off the floor, it will not go back to the 5.25% it was prior to the Great Recession or even the 4.0% it averaged over the quarter of a decade prior. Expectations of “lower forever”…increasingly appear to be built into longer-term interest rates.” (A year in the bond market, Action Forex)
Did you catch that part about “lower forever”?
What the author means is that the economy has reset at a lower level of activity and will not return to normal. This is an admission that the managers of the system have no intention of fixing what’s wrong; cleaning up the banks, writing down the debts, regulating the system, increasing workers buying power (boosting demand) or providing sustained fiscal stimulus until unemployment and growth are back where they should be. Instead, basic macro has been replaced with public relations, that is, a swindle that’s spearheaded by faux-liberal icons Krugman and Summers who are pushing the “secular stagnation” folderol which is just a lame excuse for maintaining the status quo plus a few anemic add-ons, like infrastructure projects. Big whoop. It’s all a fig leaf for maintaining the same wealth shifting monetary policies that are in place today.
So this is it? Are we really doomed to a future of high unemployment and slow growth?
The IMF seems to think so. Here’s an excerpt from an article by Nick Beams which gives a rundown on a recent IMF report that was ignored by the media. The article is titled “No end to economic breakdown”:
“Almost six years after the eruption of the global financial crisis, the International Monetary Fund has effectively ruled out any return to the economic growth rates that preceded September 2008.
Two major chapters of the IMF’s World Economic Outlook … provide a gloomy assessment of the state of the world economy. In the advanced economies, investment is falling as a proportion of gross domestic product (GDP), while in the “emerging markets,” there is no prospect for growth rates to return to pre-2007 levels.
The IMF notes that real interest rates have been declining since the 1980s and are “now in slightly negative territory.” But this has failed to boost productive investment. On the contrary, what it calls “scars” from the global financial crisis “have resulted in a sharp and persistent decline in investment in advanced economies.” Between 2008 and 2013, there was a two-and-a-half percentage point decline in the investment to GDP ratio in these countries. The report adds that ratios “in many advanced economies are unlikely to recover to pre-crisis levels in the next five years.”
This conclusion is of immense significance given the critical role of investment in the functioning of the capitalist economy … Investment…is the key driving force of capitalist economic growth … But if investment stagnates or declines, the circle turns vicious. This is what is now taking place.” IMF report: No end to economic breakdown (april), wsws
So no return to normal, after all. The American people are now facing a long period of high unemployment and slow growth that will shrink the middle class and change the country in ways we can hardly imagine. It’s unavoidable. It’s the policy.
NOTE: As this piece was going to press, the Wall Street Journal announced that “revised” First Quarter GDP contracted at a 0.6% annual rate. So while stocks have been setting records almost daily due to the massive injections of money from the Fed, the economy is steadily sliding towards recession.
“Comrade Wolf knows who to eat, and he eats without listening to anyone.” – Russian President Vladimir Putin referring to the United States…
The Ukraine crisis has its roots in a policy that dates back nearly 20 years. The origins of the policy can be traced to a 1997 article in Foreign Policy magazine by Zbigniew Brzezinski, titled “A Geostrategy for Eurasia.” The article makes the case that the United States needs to forcefully establish itself in Central Asia in order to maintain its position as the world’s only superpower. While many readers may be familiar with Brzezinski’s thinking on these matters, they might not know what he has to say about Russia, which is particularly illuminating given that the recent uptick in violence has less to do with Ukraine than it does with Washington’s proxy-war on Russia. Here’s what Brzezinski says:
“Russia’s longer-term role in Eurasia will depend largely on its self-definition…Russia’s first priority should be to modernize itself rather than to engage in a futile effort to regain its status as a global power. Given the country’s size and diversity, a decentralized political system and free-market economics would be most likely to unleash the creative potential of the Russian people and Russia’s vast natural resources. A loosely confederated Russia — composed of a European Russia, a Siberian Republic, and a Far Eastern Republic — would also find it easier to cultivate closer economic relations with its neighbors. Each of the confederated entitles would be able to tap its local creative potential, stifled for centuries by Moscow’s heavy bureaucratic hand. In turn, a decentralized Russia would be less susceptible to imperial mobilization.” Zbigniew Brzezinski, A Geostrategy for Eurasia, Foreign Affairs, 76:5, September/October 1997.
So is this the goal of US policy, to create “A loosely confederated Russia” whose economy can be subsumed into America’s market-based system?
Notice how easily Brzezinski chops Russia into smaller, bite-size statelets that pose no threat to US imperial expansion. Brzezinski undoubtedly envisions a Russia that will sell its vast resources in petrodollars and recycle them into US Treasuries further enriching the corrupt rent-skimmers in Washington and Wall Street. He foresees a Russia that will abdicate its historic role in the world and have no say-so in shaping global policy. He imagines a compliant Russia that will help facilitate US imperial ambitions in Asia, even to the point where it will pay to police its own people on behalf of US oligarchs, weapons manufacturers, oil magnates, and 1 percenters. Here’s the paragraph in Brzezinski’s piece that sums up Washington’s objectives in Ukraine, Russia and beyond. It is fittingly headlined with the following words in bold print:
“Defining the substance and institutionalizing the form of a trans-Eurasian security system could become the major architectural initiative of the next century. The core of the new transcontinental security framework could be a standing committee composed of the major Eurasian powers, with America, Europe, China, Japan, a confederated Russia, and India collectively addressing critical issues for Eurasia’s stability. The emergence of such a transcontinental system could gradually relieve America of some of its burdens, while perpetuating beyond a generation its decisive role as Eurasia’s arbitrator. Geostrategic success in that venture would be a fitting legacy to America’s role as the first and only global superpower.” Zbigniew Brzezinski, “A Geostrategy for Eurasia,” Foreign Affairs
Translation: The United States will police the world, dispatch troublemakers, and eliminate potential threats wherever it finds them. It will impose its neoliberal dogma (Austerity, privatization, structural adjustment, anti labor reforms, etc) across-the-board and on all participants. Also, minor partners–”Europe, China, Japan, a confederated Russia, and India”–will be expected to provide security for their own people at their own expense in order to “relieve America of some of its burdens.”
Nice, eh? So you even have to pay for your own jailers.
And what is “Transcontinental Security” anyway? Isn’t it just a fancy way of saying “one world government”?
Indeed, it is. It’s the very same thing. Here’s more from Brzezinski:
“Failure to widen NATO…would shatter the concept of an expanding Europe… Worse, it could reignite dormant Russian political aspirations in Central Europe.”
This is an oddly convoluted statement. In the first sentence, Brzezinski supports the idea of an “expanding Europe”, and then in the next breath, he worries that Russia might want to do the same thing. It’s another case of the pot calling the kettle black.
What’s clear, is that –in Brzezinski’s mind– EU and NATO expansion will help Washington achieve its hegemonic aspirations. That’s all that matters. Here’s what he says:
“Europe is America’s essential geopolitical bridgehead in Eurasia…A wider Europe and an enlarged NATO will serve the short-term and longer-term interests of U.S. policy… A politically defined Europe is also essential to Russia’s assimilation into a system of global cooperation.”
“Bridgehead”? In other words, Europe is just a means to an end. But what would that “end” be?
Global domination. Isn’t that what he’s talking about?
Of course, it is.
What makes the Ukrainian crisis so hard to understand, is that the media conceals the policy behind the impenetrable fog of daily events. Once the fog lifts though, it’s easy to see who’s causing all the trouble. It’s the party that’s calling the shots from abroad, the good old US of A.
Putin doesn’t want this war and neither do most Ukrainians. The whole thing was conjured up by Uncle Sam and his minions to stop the flow of Russian gas to Europe, to push NATO further eastward, and to break the Russian Federation into little pieces. That’s what it’s really all about. And these madmen are willing to raze Ukraine to the ground and kill every living organism within a 3,000 mile radius of Kiev to get their way. After all, isn’t that what they did in Iraq? They sure did. And did I mention that, according to this week’s Wall Street Journal, “Iraq’s Oil Output Surged to Highest Level in Over 30 Years” with all the usual suspects raking in hefty profits.
The point is, if they’d did it in Iraq, they’ll do it in Ukraine too. Because what Washington cares about is constituents not carnage. Carnage they can handle.
Brzezinski is not the only one supporting the current policy either. There’s also fellow traveler, Hillary Clinton. In fact, it was Secretary of State Clinton who first used the term “pivot” in a 2011 article in Foreign Policy Magazine titled “America’s Pacific Century”. Clinton’s op-ed described a “rebalancing” plan that would open up new markets to US corporations and Wall Street, control the flow of vital resources, and “forge a broad-based military presence” across the continent. Here’s an excerpt from the text of Clinton’s seminal speech:
“The future of politics will be decided in Asia, not Afghanistan or Iraq, and the United States will be right at the center of the action.
As the war in Iraq winds down and America begins to withdraw its forces from Afghanistan, the United States stands at a pivot point. Over the last 10 years, we have allocated immense resources to those two theaters. In the next 10 years, we need to be smart and systematic about where we invest time and energy, so that we put ourselves in the best position to sustain our leadership, secure our interests, and advance our values. One of the most important tasks of American statecraft over the next decade will therefore be to lock in a substantially increased investment — diplomatic, economic, strategic, and otherwise — in the Asia-Pacific region…
Harnessing Asia’s growth and dynamism is central to American economic and strategic interests and a key priority for President Obama. Open markets in Asia provide the United States with unprecedented opportunities for investment, trade, and access to cutting-edge technology…..American firms (need) to tap into the vast and growing consumer base of Asia…The region already generates more than half of global output and nearly half of global trade. As we strive to meet President Obama’s goal of doubling exports by 2015, we are looking for opportunities to do even more business in Asia…
…as I talk with business leaders across our own nation, I hear how important it is for the United States to expand our exports and our investment opportunities in Asia’s dynamic markets.” (“America’s Pacific Century”, Secretary of State Hillary Clinton”, Foreign Policy Magazine, 2011)
“Harnessing Asia’s growth and dynamism is central to American economic and strategic interests and a key priority for President Obama”?
Does that sound like someone who wants to cultivate a mutually-beneficial relationship with their trading partners or someone who wants to move in, take over and run the show?
Washington’s plan to shift its attention from the Middle East to Asia is all about money. Clinton even says so herself. She says, “The region generates more than half of global output and nearly half of global trade…Asia’s markets … provide the United States with unprecedented opportunities for investment, trade, and…a vast and growing consumer base.”
Money, money, money. The upside-profit potential is limitless which is why Madame Clinton wants to plant Old Glory right in “the center of the action”, so US corporations can rake in the dough without fear of reprisal.
Brzezinski says the same thing in his magnum opus “The Grand Chessboard” Here’s an excerpt:
“A power that dominates Eurasia would control two of the world’s three most advanced and economically productive regions. A mere glance at the map also suggests that control over Eurasia would almost automatically entail Africa’s subordination, rendering the Western Hemisphere and Oceania (Australia) geopolitically peripheral to the world’s central continent. About 75 per cent of the world’s people live in Eurasia, and most of the world’s physical wealth is there as well, both in its enterprises and underneath its soil. Eurasia accounts for about three-fourths of the world’s known energy resources.” (Zbigniew Brzezinski, “The Grand Chessboard: American Primacy And It’s Geostrategic Imperatives”, page 31)
Get the picture? It’s a gold rush! Having successfully looted every last farthing from the battered US middle class and left the economy in a ghastly shambles, Brzezinski, Clinton and Co. are headed for greener pastures in Central Asia, home of the world’s largest oil producing nation, boundless reserves in the Caspian Basin, and zillions of voracious consumers who’ll need everything from I Pads to leisure wear, all graciously provided by US-owned corporations. Cha-ching!
So don’t get tripped up on the daily events in Ukraine. This isn’t a clash between pro-government forces and anti-government activists. This is the next big phase of Washington’s plan to conquer the world, a plan that will inevitably pit Moscow against the amassed military power of the United States of America. This is David vs. Goliath, Mother Russia vs. the Great Satan, Vladie Putin vs. Comrade Wolf.
Ukraine is just Round 1.
The enormous energy spent on analyzing candidates and predicting elections is time wasted when the actual decisions are predetermined before the voting takes place. Even excluding voter fraud from the final count, the party selection process has made the decision. The pretense that primaries reflect the will of the electorate deceives the registered voter, amuses the party insiders and benefits the advertisement and media moguls. Ideas, policy positions and core principles take a back seat to the art of spinning and negatively defining the opponent.
Rivals start within your own party. Therefore, it comes as no surprise that the Republicans Tighten Grip on Debates in 2016 Race.
“Party leaders want to tighten their grip on a presidential primary season they believe has grown unruly and too long. This year, the party moved to set the nominating calendar by scheduling the first four contests — Iowa, New Hampshire, South Carolina and Nevada — for February, allowing other states to begin voting in March and holding winner-take-all primaries starting March 15.
Taken together, these procedural steps could thwart an underfunded insurgent who needs the free exposure of televised debates and would be hurt by a series of rapid-fire contests in March that could be tilted toward an establishment-backed contender.
A few conservative stalwarts on the committee are nervous about the establishment’s consolidation of power over the primaries. “Do we want a committee of the national committee, which will surely be controlled by the national chairman, picking which candidates participate in all Republican presidential debates?”
This point is illustrated in the AP report RNC Changes debate Rules for 2016. “The RNC rules panel endorsed the creation of a 13-person committee that would limit how many presidential debates can take place and who can ask the questions. The full committee on Friday went along with that plan to ban candidates who participate in scofflaw debates from future RNC-backed sessions, by a 152-to-7 vote.”
Before the usual ceremonial indignation takes hold, ask yourself what is exactly sacrosanct about a stacked primary system that has little to do with an open contest. Patricians that make up the GOP establishment long ago graduated from the country club set.
Nonetheless, the bleeding hearts over at Salon would have you believe that the Democrats operate by different rules. Why Democrats need a primary, too offers advice why the anointed “Queen of Mean” that Rodman woman, would attain a benediction from going through an orchestrated charade before her canonization.
“Clinton would benefit from that input just as all incumbents and other party luminaries do, despite the fact that they would rather not have to have that fight. It is not good for a president to take the office without having taken the temperature of his or her supporters and understanding what they care about and what they expect. During a tempestuous period like this one, it’s even more important than usual. It would only be to her advantage to have a challenger who could bring forth those issues and allow the public to see them argued before she goes up against a Republican.”
Lost in the fervor of progressive rhetoric is that the Democratic Party is just as elitist as the Republicans are. Both operate as useful idiots and corporatist tools of a system that has long ago abandoned the practice of free enterprise.
Contrast this American version of a Punch and Judy show that has an elephant bully bemoaning the folk hero Robin Hood, who actually resembles an ass, with the exceptional Broadway Play, “The Best Man” by Gore Vidal. Watch the 1964 movie version and consider just how far the political system has collapsed in half a century.
The basic assumption in the play and movie is that the nominee of the Democratic Party will handedly beat their Republican opponent. Characterizing convention ballot voting by delegates as a genuine selection process may be strange to those who were raised on the myth that registered voters in a state primary really has a voice in the inauguration of the next President.
A system of party bosses and smoke room dealmakers, surely must be far worse from the televised mortifying pilgrimage and penitent self-flagellation that goes into winning the party’s nomination? Or, is it . . .
Remember the way the primaries served the faithful Democrats in 2008.
“According to news reports, Barack Obama and Hillary Clinton went out of their way to hold their long-awaited private meeting in a very specific location – not at Hillary’s mansion in Washington – but in Northern Virginia, which also just happens to be the scene of the 2008 Bilderberg meeting.The neo-liberal website Wonkette, which had previously ridiculed “conspiracy theorists” for ascribing power to Bilderberg, seemed to take a somewhat different tone when it made the connection between Obama and Hillary’s meeting and the Bilderberg Group.”
Orders from on high or more to the point, international deciders had their “heart to heart” with Hillary, passing her over, and giving her a maybe for 2016. George W. Bush liked to call himself the decider, but we all should know that decisions out of Skull and Bones are not based upon primary results.
Vidal’s screenplay portrayed a party convention as a real nomination fight. To whatever slime degree existed in the horse-trading to win delegates back then, the appearance in today’s selection makes no pretext of concealing the hidden hands behind picking the next President.
The partisan politics protection racket has but one goal; namely, serve and safeguard establishment interests of the elites, who really command the ultimate power. In addition to the Presidency, Congress shares broad similarities in their version of The Incumbent Protection Racket.
“In the U.S. House of Representatives, over the past five elections, incumbents have been re-elected at an average rate of 96 percent. According to my unscientific calculations, a congressman is more likely to be eaten by a polar bear while panning for gold in Key West than to be voted out of office.”
Serious challenges in Congressional district primacies are rare. The exception was in 2010 with the success of Tea Party candidates. However, such expression of the will of the people cannot stand in the polluted Potomac sewer that passes for representative democracy. Just look at the concerted efforts to sabotage populist support to retool the excesses in the federal government. Party Goers – What Do You Take With Your Tea?, indicates that all the sugar in the Caribbean will not prevent the political diabetes disease from going into shock. The bipartisan protection con knows how to close ranks among the political class.
“When main street middle class beleaguered taxpayers resonated that, the system was out of whack, the damage control team went into overdrive. This background helps to explain why the face of unprompted Tea Party individualism must be distorted, maligned and redirected.”
Great disappointment among Tea Party activists in the hostile welcome from establishment NeoCons has set in. The alternative to playing the no win beltway game provided in Dissecting U.S. Elections – the People vs. the Pols, best states the rational solution.
“What if a real grassroots national movement emerged that supersedes all ideology with a singular purpose – remove all careerist “pols” from office. Forget about the phony No Labels effort to diffuse popular disgust. The solution is to attract the very citizens who NEVER vote in elections.
A national campaign – No Confidence – would be the clear message that the arrogant confidence game crooks could understand.”
Drawing upon a universal appeal to break from the travesties of the two party frauds is necessary to register countrywide outrage. Only through vigorous dissention will The Meaning of Third Parties in America, bring the necessary pressure to collapse both the Democrat and Republican Parties.
“The solution to implement meaningful reform is to defuse the political power that is presently concentrated within the ‘Tweedle-dumb and Tweedle Dee’ parties. The notion that differences between them are based upon core principles, denies the unending descent into ‘collectivism’. The edges have varied shapes, but the centers are formed from the same sponge.”
You can always resolve that either party will never nominate “The Best Man”. If you are so delusional to believe that a woman is the answer in the oval office, look in a different direction. Elizabeth Warren the self-proclaimed Pinocchio-hontas, is a sorry excuse for an accomplished liar. Flush with law school disingenuous skills, this want-a-be feminine messiah would have you believe that Hillary is the New World Order’s favorite grandmother.
Nonetheless, fake opposition simply projects the image that there is a choice in candidates. Noam Scheiber, in the New Republic writes, “A Clinton-Warren matchup would have all sorts of consequences, none of them especially heartwarming. The most immediate is that Warren would probably lose.” Well so much for a contest between squaws, better suited for commitment to the Hiawatha Insane Asylum.Partisan politics is mostly a ruse designed to divert attention from service to the substantial interests of establishment globalists. The noise generated around campaigns and media coverage, ignores or conceals the existent deals that serve the real goals and intentions of the master puppeteers. The terminal lesson is that establishment politics treats the public as reservation squatters.
Quite a stir occurred with the academic presentation, How Technology Is Destroying Jobs, by Brynjolfsson, a professor at the MIT Sloan School of Management, and his collaborator and coauthor Andrew McAfee. Both “have been arguing for the last year and a half that impressive advances in computer technology—from improved industrial robotics to automated translation services—are largely behind the sluggish employment growth of the last 10 to 15 years. Even more ominous for workers, the MIT academics foresee dismal prospects for many types of jobs as these powerful new technologies are increasingly adopted not only in manufacturing, clerical, and retail work but in professions such as law, financial services, education, and medicine.”
“Perhaps the most damning piece of evidence, according to Brynjolfsson, is a chart that only an economist could love. In economics, productivity—the amount of economic value created for a given unit of input, such as an hour of labor—is a crucial indicator of growth and wealth creation. It is a measure of progress. On the chart Brynjolfsson likes to show, separate lines represent productivity and total employment in the United States. For years after World War II, the two lines closely tracked each other, with increases in jobs corresponding to increases in productivity. The pattern is clear: as businesses generated more value from their workers, the country as a whole became richer, which fueled more economic activity and created even more jobs. Then, beginning in 2000, the lines diverge; productivity continues to rise robustly, but employment suddenly wilts. By 2011, a significant gap appears between the two lines, showing economic growth with no parallel increase in job creation. Brynjolfsson and McAfee call it the “great decoupling.” And Brynjolfsson says he is confident that technology is behind both the healthy growth in productivity and the weak growth in jobs.”
Building upon this study, MSM provides a three part series on, Loss of middle-class jobs compounded by tech advances. The following admission by the technological behemoth should give pause for future generations.
“Most of the jobs will never return, and millions more are likely to vanish as well, say experts who study the labor market. What’s more, these jobs aren’t just being lost to China and other developing countries, and they aren’t just factory work. Increasingly, jobs are disappearing in the service sector, home to two-thirds of all workers.
The global economy is being reshaped by machines that generate and analyze vast amounts of data; by devices such as smartphones and tablet computers that let people work just about anywhere, even when they’re on the move; by smarter, nimbler robots; and by services that let businesses rent computing power when they need it, instead of installing expensive equipment and hiring IT staffs to run it.”
This reality is all around us, but the full impact yet appreciated, is that the cloud of computing is not increasing business employment for the main street economy. For more bad news look at the results from the Associated Press analysis of employment data from 20 countries in, Can smart machines take your job? Middle class jobs increasingly being replaced by technology, which found that “almost all the jobs disappearing are in industries that pay middle-class wages, ranging from $38,000 to $68,000. Jobs that form the backbone of the middle class in developed countries in Europe, North America and Asia.”
“In the United States, half of the 7.5 million jobs lost during the Great Recession paid middle-class wages, and the numbers are even more grim in the 17 European countries that use the euro as their currency. A total of 7.6 million midpay jobs disappeared in those countries from January 2008 through last June.”
The article then goes on to cite that more information now crosses the Internet every second than the entire Internet stored 20 years ago. Other examples note that:
- The British-Australian mining giant Rio Tinto announced plans last year to invest $518 million in the world’s first long-haul, heavy-duty driverless train system at its Pilbara iron ore mines in Western Australia.
- Dirk Vander Kooij’s furniture-making company in the Netherlands needs only a skeleton crew — four people. The hard work at the Eindhoven-based company is carried out by an old industrial robot that Vander Kooij fashioned into a 3D printer.
Soon to come are pilotless airliners joining the several Japanese rail lines already run by themselves. Add the smart utility meter deployment and soon the employee reader, banished to a wax museum, becomes just another sign of “so called” progress.
Missing in all this corporate excitement for slashing payroll is the indisputable fact that the general standard of living is dropping like a rock for the average family. Couple this deadly trend with the unnerving prospects forecasted by Bob Lord in, Our First Trillionaire: Only a Matter of Time.
“The unavoidable result: Wealth at the top is growing at a faster rate than aggregate wealth. That’s where the arithmetic comes in to play. If the wealth of one group within a nation grows at a faster rate than the nation’s aggregate wealth, that group’s share of the aggregate wealth must increase over time. That’s a mathematical certainty. And the level of subsequent wealth concentration has no limit.”
Technological development coupled with favorable political treatment is regularly the formula for massive accumulation of fortune. However, the horrendous social distortions that inexorably follows such distortions in income, much less the fact that the disappearance in living wage employment of the masses cannot be ignored without fundamental political upheaval.
Once innovated technology of a Henry Ford raised the living standards and was a benefit for society. Today’s objective is to remove or eliminate the middle class as the gap in meaningful employment widens. Added leisure time has no significance if spent on playing games on an IPAD, while living off welfare government programs.
Brynjolfsson and McAfee’s breakdown is a chilling look at a bleak future and the goodbye kiss to a populist beneficial economy.
All the attention over the epoch vote by Crimean’s to leave the Ukraine makes for a timely review of other separatist factions that are seeking a similar resolution. The List of active separatist movements in Europe is exhaustive. The immediate impression is that a pervasive discontent, shared by legions of subjects, who want independence and self-determination, will be hard to derail. When European autocratic and aristocrats ruled, the only option was revolution. Today the descendants of the old regimes still wheeled power under the guise of democratically elected authorities. However, separatist sentiment does not mean the same to every splinter group.
Examine Europe’s Latest Secession Movement: Venice, for a telling indicator.
“An organization representing a coalition of Venetian nationalist groups, held an unofficial referendum on breaking with Rome. Voters were first asked the main question -“Do you want Veneto to become an independent and sovereign federal republic?” -followed by three sub-questions on membership in the European Union, NATO, and the eurozone . . .
As the referendum’s organizers announced the results: 2,102,969 votes in favor of independence—a whopping 89 percent of all ballots cast—to 257,266 votes against. Venetians also said yes to joining NATO, the EU, and the eurozone.”
Note the significance of wanting to be part of NATO and the EU.
Next, look at the more widely reported effort, in the land of “Braveheart” William Wallace. Scottish secession remains unlikely, but momentum is with the schismatics provides a more stately viewpoint from the Commonwealth.
“After months of comfort for the pro-unionist ‘Better Together’ campaign, the most recent polls point to a tighter race with 40 percent of Scots supporting secession. With six months to go, the momentum appears to be with those seeking an amicable divorce.
Scottish independence would not lead to a republic. Queen Elizabeth II (I of Scotland) would remain head of state, a smart move by the ‘Yes’ campaign to de-radicalize independence and make the electorate feel more comfortable with a vote for change. The debate has therefore become more focused on incrementalism, with plans for an independent Scotland retaining both membership of NATO and the European Union, a common currency with the rest of the UK, and open borders.”
A video from the Carnegie Council gives a spin in Which Separatist Movements Will Succeed, which plays down the urgent motivation for “FREEDOM” for an evolutionary approach.
An essay out of Wharton, Is Secession the Answer? The Case of Catalonia, Flanders and Scotland, points out the obvious, while illustrating the problematic.
“It may seem paradoxical in an age of global communications, but the revival of regionalism “is a global phenomenon,” notes Jacob Funk Kierkegaard, a senior fellow at the Peterson Institute for International Economics, a Washington, D.C. think tank. Today’s high-speed technologies, including the Internet, “enable people to start a campaign and get out their message” quickly and repeatedly to like-minded people who might have harbored such desires in private.
Beyond its unique constitutional challenges, Catalonia faces another hurdle: The eurozone has a de facto veto over its independence. “If Catalonia becomes independent, will they [still] be part of the eurozone?” Kierkegaard asks, adding that, if Catalonia votes to secede, the EU response could be that “you will have to issue your own currency, and your banks will have no access to the European Central Bank. You won’t automatically have a seat on the ECB governing council.”
The Spanish situation, by contrast, the establishment would have you believe the militant Basques ETA nationalists harbor violent resolve. The YouTube Thousands March In Spain In Support Of ETA, reports that the EU labels this movement as terrorists. Therefore, it comes as no surprise that the Catalan Sovereignty Claim Blocked by Spain Constitutional Court, is but a spillover effort to discredit the Catalonia’s claim. “Sovereignty is “not contemplated in our constitution for nationalities and regions that make up the state” and no one can break the principle of the “indissoluble unity of the Spanish Nation,” the ruling said.Such illustrations, all exhibit unique local concerns and grievances, while sharing a basic distrust of national authority. What stands out is an anserine eagerness to remain part of the EU and NATO. This factor may be a distinctively European trait, which seems to be lacking in the proper understanding that the surrender of national authority to a body of central banksters, social technocrats and empire military mercenaries, is the fundamental cause of popular dissatisfaction.
Pat Buchanan in the article, Is Red State America Seceding?, provides numerous other European examples of discontent, then goes on to cite secession initiatives in the United States. It is striking that our countries unique experience has a shape difference from the blue-blooded patricians’ clashes that mark the history of Europe. Because of this difference, the indigenous cultures on the continent have never developed the same passion of individual liberty, which is inborn in the American revolutionary spirit.
Applying the same principles defended in the View from the Mount essay, Secession Movement Ready to Take Hold, would serve our European cousins well, in breaking up the EU and their NWO oppression.
“Governments fall, while a consensual nation state can still survive. With the destruction of an accepted traditionalistic national identity, time-honored heritage becomes the target of dictatorial “do gooders” who facilitate subjugation of independent self-governing states.
Blowing out the candles of federal absolutism is the imperative of our age. Secession is not a dirty word, but is an indispensable solution. Dissolving the union of the suppressed, under the auspices of the subverted elite, is the path to social freedom and human liberty.”
Libertarian and author L. Neil Smith argues, “What happened in America in the 1860s was a war of secession, a war of independence, no different in principle from what happened in America in the 1770s and 1780s.” Compare most of the secession movements in the 21th century as half measure efforts that are not willing to take on the yoke of the globalist central banking financial system. The lessons presented in the Radical Reactionary article, Representation, Secession and Taxation, should be applied and adopted by the European secession movements.
“As discontent rises and practical solutions evaporate, that dirty historic sentiment begins to bubble to the surface, SECESSION. Russell D. Longcore provides a standard, when secession is a vital and justified option that many would accept.”Secession should be solemnly deliberated by the elected representatives and the state citizens. Secession should be initiated at the moment that any state reaches the point at which it will no longer accept the despotic tyranny and laws coming from the US Federal Government in Washington, DC. Or, secession should be initiated upon a collapse of the Dollar, or the imposition by Washington DC of martial law in the event of social upheaval.”
Discontent is not enough to overthrow the tyrants, who have definitively proven, that a European Union based upon top down authoritarianism is a lawful substitute for locally ruled government based upon common ethics and cultural heritage.
The dramatic rise in opposition to the ruling elites is most encouraging in the eternal struggle against despotism. However, the European socialist welfare model has produced generations of soft stock and irresponsible subjects. Surrendering national sovereignty was the monumental failure of the post war era. Open borders to a confederation of dissimilar ethnic groups, attracts the disparate and incongruent, which builds even more pressure for secession.
As it stands today, the prospects for successful secession movements to attain their independence and autonomy are slim because each are fragmented. The correct and necessary element for separation, must be based upon, the dissolution of the European Union and the elimination of the central banking system, under the control of the international banksters.
Countries need to exercise their proper authority to coin their own currencies and maintain low taxation levels that fund minimum governmental functions.
While such a goal and objective is justified, the globalist controllers will not allow a serene exit from the monolith that they created. Marginal regional self-rule may eventually be reluctantly recognized, only if the basic leviathan structure remain intact and accepted by disgruntle camps. Notwithstanding, that approach can and will never bring about a restoration of national self-determination.
It is time for secession movements to unit and coalesce around a few fundamental principles, which they all share. The regional concerns are issues for local administration. Taking on the monster of globalist governance is a universal task.
Consequently, the undertaking domestically is to build ground swell defiance that moves past a modest grassroots opposition to incorporate the bulk of the rapidly declining middle class. This genuine moral majority must be willing to marginalize the federal government and restore the rightful authority of individual state jurisdiction.
If timid and docile Europeans are engaging in secession movements in such significant numbers, what is the excuse for industrious and energetic Americans from doing the same? This was the country for the home of the brave. Now is the time to restore that outlook with direct action.
Debt is everywhere but it just does not seem to matter. Thanks to the folks at Zero Hedge, you get the account Global Debt Crosses $100 Trillion, Rises By $30 Trillion Since 2007; $27 Trillion Is “Foreign-Held” – “Total global debt has exploded by 40% in just 6 short years from 2007 to 2013, from “only” $70 trillion to over $100 trillion as of mid-2013, according to the BIS’ just-released quarterly review“. They make this assessment:
“Not surprisingly, given the significant expansion in government spending in recent years, governments (including central, state and local governments) have been the largest debt issuers (Graph C, left-hand panel). They mostly issue debt in domestic markets, where amounts outstanding reached $43 trillion in June 2013, about 80% higher than in mid-2007 (as indicated by the yellow area in Graph C, left-hand panel). Debt issuance by non-financial corporates has grown at a similar rate (albeit from a lower base).”
There seems only one valid conclusion drawing upon these figures. Whatever economic activity exists is based upon government expenditures and that corporations have lowered their interest rates on their outstanding debt. The former is most disturbing, while the latter, under normal circumstances, would offer a promise of an expanding economy.
Since the former middle class has endured the greatest loss of income and experiences a distinct lowering in their standard of living since the financial meltdown, the prospects of main street prosperity seems remote at best. Corporations, as a whole, have improved their balance sheets as they lower their debt service, accompanied with cost efficiencies and reduction in employee costs. The day of the upward mobility career looks like a distant memory for the working class.
Government employment is growing, but such a public sector economy never produces actual wealth. Only a disturbing burden of welfare obligations of all kinds and an increase in state debt comes out of this pattern of a false and unsustainable economy.
On the contrary, is that ultimate collapse inevitable when the paper financial system just keeps churning out a rise in the stated 40% increase in debt in just 6 years? Why not just continue the quantitative easing influx of funds to roll over past debt and purchase the new bonds needed to run the State/Corporate economy. If this irrational strategy is not working, why has the bottom not dropped out of the world economy?
This is a very sobering viewpoint that defies the normal predictability of mathematical consequences. Surely, there can be no debate that this 100 Trillion indebtedness will never be paid off. However, the political accommodations always seem to invent another rescue plan that prevents the wheels of commerce from stopping.
The reason why the elites are able to get away with this practice of delaying the inescapable is that they make the rules of how to elude the last constrains that would impose accountability. The financial game is like a moving target that never flies out of range. The quarry just changes direction and speed. Requirements for default are rewritten and the next imposition of austerity packages demands even more harsh burdens for the taxpayers. Net result from this tactic is that the purchasing power of all paper currencies loses value.
Possessing a monopoly on money means that this alarming world indebtedness only requires a periodic company bankruptcy that liquidates the stockholder equity or a governmental devaluation of its currency, which further impoverishes its citizen’s wealth.
Remember that the Bank of International Settlement is the central bank for all the other banksters’ own fiat fractional reserve branches. The essential question to investigate is why does every readjustment of national borders with the creation or demise of a particular country, immediately establish a national bank that conforms to the standards of the banksters’ financial system?
The obvious reason lies within the control of debt created currency. Not until every facet or deed of possessions is encumbered with a property lien, will the debt total be modified to superimpose a new financial order.
The uber-rich are not a function of amassing wealth alone. Titans of financial oppression are manipulators of the political banking system. Being part of the decisions that expropriate from the common-man and consolidates greater control under the auspicious of an evil elite, is the chart that needs to be tracked.
Funny money always buys fewer possessions. However, global indebtedness diminishes human freedom on a far more vast scale. While the economics of inconceivable debt defies intellectual acceptance, the absurdity of the geo-politics moves further to an institutional enslavement that is even more unimaginable to the naive laborer in a corporatist environment.
How many times have you heard soothsayers and investment guru’s forecast that the collapse is imminent? By all logic, they should be right. Nonetheless, there is to all intents and purposes, no end to the economic and governmental subjugation that continues uninterrupted.
Public and private debts are ultimately satisfied when insolvency turns into liquidation. Lawful and legal procedures do not apply when entire countries and economic alliances go on the chopping block. In the end, the trillions in unpaid debt instruments will continue to accrue interest from the theft of several billion peons that are afraid of resisting the established global order.
Economic prosperity is possible, but only after the chains of financial incarceration is broken. Within this zero interest rate backdrop, the acumination of untold fortunes grows as the people sink into a greater poverty. This plan is working well for the banksters.
Next, the winds of war are on the horizon to ratchet up another phony conflict in order to sell an even greater austerity to the public. It is very plausible that a 100 trillion measure will be but a long forgotten barrier when the gnomes of financial pillage ramp up their next rescue scheme.
Never underestimate the creative criminal wizardry of the central banksters to sell their next round of thievery or the gullibility of the masses to obey the dictates of outlaw governments.
There is now a New American War. It is inside America. It is called the “War on Terror”. The enemy is YOU!
It is a staged, Phony War that has been created by the International Zionist Crime Syndicate (IZCS).
This New War on Terror has an enemy. That enemy is the American People, You and Me.
Every Military Force needs an enemy. Without an ongoing or perpetual war, the War profiteers quickly go bankrupt.
In order to keep their profit stream going from war, war-profiteers need to create successive new wars or a significant threat of impending war.
Creating pretexts for these much needed wars is very hard work and quite expensive too. But war is a business, a very big business, and war-profiteers need to invest big money to make even more in return.
Members of Congress must be bought, and top Generals and Admirals of the Military High Command too.
This costs a great deal of hard cold cash, but that’s okay because the IZCS gets all it needs from fat US foreign aid to Israel, fat contracts with Israeli Defense providers, and fat donations from those wealthy zionist businessmen that the IZCS manipulates, guilts or shakes down.
At this point, a select group of 70,000 K-Street Lobbyists go to work distributing funds to get elected officials on Board. The several select Generals and Admirals are handled more covertly.
If this is not enough revenue to pay off the necessary officials, the IZCS gets the rest directly from its private Central Banksters who can create all the money they want digitally, anytime they want, and give it to tribal brothers or anyone else, anytime they want.
Of course the key thing here is a significant portion of these fat revenues are kicked back to the corrupt, bought and owned members of Congress who voted for them, and to select top Generals and Admirals of the High Military Command who support the IZCS intended proxy wars by America on their behalf.
Under President Obama’s Administration, for whatever reasons, the High Military Command has not been willing to take payoffs and favors and has not been blackmail-able by the IZCS.
[Note: this is a long article and one option is to read the caps first and then any areas you are interested in if you have time]
Here is the new game in the so-called American Defense Industry. It is a stateside game and it involves magically transforming any and all innocent, Constitutional, law-abiding citizens into Domestic Dissenters, aka “Domestic Terrorists” or something close enough to declare war on “Potential Domestic Dissenters, aka “Potential Domestic Terrorists”. This is an occult, alchemical symbolic processing of the American people (aka “we the people”) into an defined domestic enemy that can be waged war against on many fronts–phone and email tapping, massive spying and infiltration of all domestic groupings, even neighborhood coffee parties or local church charities–you name it, everything.
This new redefinition of normal law-abiding Americans into “Enemies of the State” and its internal security apparatus as a threat to national security IS a magical conversion or transformation of the normal American Society, mainstream law abiding America, into a huge domestic national security market. This is all an horrendous BIG LIE.
Actually the real situation is just the opposite–it is the USG and specifically the Fusion Centers and the Department of Homeland Security run by perverts and enemies of “we the people” that are the real risk to the true and actual national security of America the republic and to all honest, law abiding, Constitutional Americans. And the USG and DHS and Fusion Center officials are nothing less than world class criminals committing both High Treason and Sedition against America the Republic. The USG has been hijacked and is being run by those who have turned everything upside down.
This redefinition of course involves placing cameras and microphones on almost every street corner in the light-poles and pulsed beam psychotronic generators in many street lamps, turned on full power during rush hour to sedate and subdue the populace in order to keep the masses in line.
Some say that the new Chairman of the JCS, General Martin Dempsey, is a breath of fresh air, a real American Patriot who honors his Oath to defend the US Constitution from all enemies foreign and domestic.
So far, General Dempsey has resisted major efforts to coerce him to support and engage in any new major American Mideast Air and Ground invasion (another American proxy war for Israel).
And many believe that our new Secretary of Defense Chuck Hagel is another America-firster who takes his oath to defend the US Constitution seriously also.
JCS Chairman Dempsey’s independence and commitment to America on this matter has elevated him to the status of a “rock star” in the view of many who appreciate his steadfastness, and he is regarded as a true America-firster.
Some experts view JCS Chairman Dempsey’s integrity and commitment to America the Republic as a major turning point, signaling the realization by the High Military Command that the 9/11 attacks were an inside-job, a false-flag attack run by the IZCS with the help of several Traitors within the USAF, JCS, and NORAD.
And that it also signals a shocking realization, for the first time, that most of the Institutions of the USG have been deeply hijacked by the IZCS and their Cutouts have included the Bush Cabal which is now struggling to maintain a thin hold on power.(1)
Obviously, Chairman Dempsey’s and Defense Secretary Hagel’s steadfast resistance to being manipulated by the IZCS into fighting another major Mideast ground and Air proxy war for Israel appears to be driving the IZCS to desperation. So far these America-firsters are holding fast against any and all IZCS manipulations and pressure and doing an excellent job staying on course.
The IZCS knows that unless it gets another American proxy war in the Mideast for Israel, they are finished. They also know that if the American masses ever start finding out that 9/11 was planned and controlled by those owned by the IZCS, they are done too.
Actually the 9/11 attacks of the IZCS were in a sense a going-for-broke gamble of everything they have against the House (America the Republic). There is a very strong new American Populism which is emerging rapidly as a spontaneous by-product of the world-wide Internet and the Alternative news it carries, which provides truth to the masses for the first time.
Top insiders know all the names of who did the 9/11 inside-job false-flag attacks and are are ready to testify if an independent prosecutor is assigned and a special Grand Jury is called, and appropriate immunity agreements are offered for “coming clean”. At least one, Steve Pieczenik, MD, Ph.D., (former Assistant Secretary of State and father of many deep cover black ops, and also the main character in many Tom Clancy books) has already gone public and named names and has said he is willing to testify in a Federal Court as to who did it.(2) Obviously Dr. Pieczenik is another great American Hero.
Some top insiders close to to the High Command have suggested that America is so deeply hijacked by the IZCS that it will take some years of the actions of high officials like JCS Chairman General Dempsey and Defense Secretary Chuck Hagel to turn the tide and neutralize the rampant influence peddling of the IZCS over almost every member of Congress and many officials in the Department of Justice and the Alphabets.
Certainly the Department of Homeland Security is now recognized as a major IZCS beach-head inside America and part of a long term plan to establish a foreign controlled IZCS neo-Bolshevik military force inside America to Tyrannize, wage war against, and eventually serially mass murder most Americans.
This is why some top insiders refer to DHS as the New American Gestapo or Stasi. Some see it now morphing into a New Red Cheka mass-murder machine for dispensing Bolshevik-style Red Terror and mass-murder to Americans.
The Cold War was a great boon to the defense Industry even though it never went hot anywhere but Korea and Vietnam, which were limited to prevent an all out nuclear exchange.
The first Iraq War (aka the Gulf War) under Bush1 resulted from covert trickery using Kuwaiti cross drilling, which was reported to Saddam Hussein by April Glaspie, who convinced him that the USG wouldn’t care if he invaded Kuwait to stop the theft of his oil from his main oil field. The second Mideast war was an Invasion of Iraq and Afghanistan to get even with the alleged perps who supposedly did the 9/11 attacks, but actually never were involved at all.
President Obama is now unwilling to deploy American troops in any major new American land war or massive air bombardment campaign in the Mideast. Nor is the current US Military High Command willing to allow it at this time. In order to appease the so-called Defense Industry and their lobbyists, he has apparently deployed numerous teams of “special operators” and mercenaries but these have been fighting terrorists supported by America, a self-defeating exercise.
He has also continued to deploy drones with air-to-ground missiles to mass murder numerous innocent women, children and non-combatants. All these Mideast and African wars are illegal, unConstitutional, undeclared and unprovoked. They have been sold to the American People and the Congress based on the BIG LIE that they are preemptive strikes necessary to prevent any more 9/11 attacks.
The need for preemptive strikes to prevent terrorist attacks inside America is an obvious lie for numerous reasons. Anyone who examines all the available evidence on 9/11, including the BBC live TV announcement by Jane Standley that WTC7 fell to the ground 20 minutes before it happened (due to top MI-6 control officers forgetting about American Daylight savings time (too much personal coke use perhaps?).(3)
In addition, if DHS’s main concern is spying on normal Americans who dissent and crushing them because DHS believes they are “domestic terrorists or “potential Domestic terrorists” or “lone wolf” spontaneously emerging domestic terrorists, this obviates any lies about the need for preemptive foreign attacks. The reason? Because DHS now claims that the emergence of these ordinary lone wolf domestic terrorists inside America is a spontaneous phenomenon, as well as a completely independent problem that has nothing to do with foreign terrorists in the Mideast.
And beside DHS allows open borders, “sanctuary cities” where illegals can not be checked for legal immigration status, given traffic tickets for minor violations, and must be granted drivers licenses and social security cards without any proof of residency. Plus, thousands of Mideast Immigrants are allowed in to America when there is already a shortage of jobs, and the Muslim Brotherhood is invited into the White House to meet with President Obama.(4)
It is obvious that as the major American Defense Contractors who are either owned or controlled by the IZCS have realized that American Mideast war efforts are waning and have worked hard to create their phony War on Terror, first in foreign countries and now in America.
They have worked hard to generate massive public fear in reaction to the 9/11 attacks in order to engender public support and vast expenditures of taxpayer dollars for a large national security market and internal security apparatus, like the Fusion Centers and its specialized assassination teams disguised as corporate or political protection squads, the DHS and the TSA with its Vipr Teams.
This phony, staged War on Terror has been very craftily engineered to be an unending war that will assure perpetual war profits for Defense Contractors and a perpetual supply of artificially created enemies inside America to feed that war. How is this possible you might ask?
This new War on Terror has been socially engineered to provide a continual stream of degradations and provocations against the average American, provoking many in a never-ending stream to resist, and causing them to be labeled dissenters.
Once they have been labeled dissenters they are put on a Department of Homeland Security (DHS) Main Core Terror Watch List, which top insiders know is a targeted assassination list for later eradication of all Freedom-loving Americans who want to restore the American Constitutional Republic.
At present the Main Core list has over ten million Americans on it, and it is growing every day with thousands of new additions. Get a ticket for a driving offense or any arrest (even if later proven innocent) and it is highly likely you will be placed on this Main Core Terror Watch and Assassination list.
If you have a prior drug arrest many years ago or any arrest, it is likely you have already been placed on this list. If a USG web troll or fusion Center Officer comes across any patriotic postings or anything they consider subversive like the East German Stasi, that poster will likely be placed on this list.
Over time these provocations are designed to result in a continuing stream of America dissenters that want to take their Republic back from the zionist hijackers and will meet DHS tyranny and force with the like. Any and all Dissenters are now being defined as “Enemies of the State”.
And anyone who wants to restore the American Republic will also be defined as a “Domestic Terrorist”. DHS is a terrorist group, hand assembled by American/Israeli dual citizen Traitors and is designed to tyrannize, capture and eventually be deployed against Americans to serially mass murder them. This is why they have been called the New American Gestapo of the Neo-Bolshevik Red Cheka Terror Machine.
If you were a Ron Paul supporter or a Libertarian, you are likely on the Main Core list. If NSA routine scans of any and all of your digital emissions and have picked up enough key trigger words, then you have perhaps already been placed on the List. After all, Marcus Wolfe the former head of the East German Stasi, a vicious torturer and murder of innocent Germans, was hired as a USG consultant to set up DHS two years before he died.(5)
Note the recent admission by US Supreme Court judge Antonin Scalia that it is without question that the Prison Camps now being built by the USG will eventually be used just like they were in WW2 when innocent Japanese Citizens were wrongly captured, completely asset stripped and placed in USG Prison Camps. (6)
President Eisenhower was an insider placed in position by the Rockefellers early in his Military career and eventually propelled into the Presidency by them. But even Ike started being bothered by strong pangs of Patriotism and became alarmed at the undue influence of the Military Industrial complex over Congress. In his final public speech as President, he delivered a warning to Americans.
Ike never imagined that the Israelis would serve as the chief action agent for the City of London zionists and would eventually hijack, buy off, bribe, compromise or honey-trap almost every single member of Congress and also use their vast Central Bankster and manipulated donor funds to hijack almost all American defense and Intel contractors and American communication companies, many of which have been moved to Israel or have been located there in the first place.
Originally his speech included the phrase Military, Industrial, Congressional Complex. He took out “Congressional” after his political aides informed him that this could end up harming the Republican Party. When he referred to “Military” in the phrase “Military Industrial Complex”, he was actually thinking of the whole new peacetime defense Industry, which was driving the Military Industrial Complex and formation of a permanent armament industry.
Ike became concerned that this permanent armament industry could assert undue influence on the American political process and could hijack American society and harm its spiritual character.
Disarming the public is a key goal of the IZCS for everyone in America but them and their stooges at the DHS and the Alphabets or their militarized police now trained by the ADL.
Many Police Chiefs are taken to Israel on all-paid Anti-Terror training Junkets where they drink the Kool-aid and are subjected to some of the most sophisticated Psi powered and Psychotronic mind-kontrol ever deployed. In years past, many were given lavish gifts and provided personal escorts of their age and choice. Perhaps this practice continues?
Any Tyrannical Government must always get rid of we the people’s guns in order to be able to stay in power and concentrate it. A major goal of any tyranny, like what we have in IZCS-hijacked America now, is to gain maximum power by eliminating (as in serial mass-murdering) all political opponents and dissenters. Doubt this? Then check world history the last couple of hundred years.
The USG and DHS is now ramping up the militarization of the Police of American Cities and Suburbs under DOD Program 1033 under the ‘Transfer of Excess Military Property to Local Police Program”.
According to a video from ‘TheLipTV’, “Over the last decade, we have seen over 5,000 people killed by police in the United States,” when “4,489 soldiers have been killed since the beginning of the Iraq war. Since 9-11, you are 29-times more likely to be killed by a police officer than you are by a terrorist.”(7)
Most local urban and suburban police departments have been “militarized”, that is, received heavy armament including armored cars, MP5 and M-16 fully-automatic machine guns, grenades, grenade launchers and ballistic shields.
We the people are the new enemy of the militarized police. The police were set up to “protect and serve”, but their new mission is to wage war against “we the people” on behalf of the IZCS and the ADL.
Every military force must have a designated enemy. The common American is the new enemy of the now militarized police in their new war against Americans on behalf of the IZCS and the ADL.
Whether they realize it or not, the ADL has trained most police to view most Americans (we the people) as the enemy of the police and the Nation State. Ever attended a police training seminar put on by the ADL? Often they hide who really is running it. It’s the biggest bunch of twisted, sick paranoid crap one can ever imagine, and all designed to make police trigger-happy murderers of any citizen who questions their authority in any way or questions any detainment or arrest. Yes, ADL training is a crafty set of lies that produces trigger-happy cops who believe there is a domestic terrorist hiding behind every bush who want to murder them so the police cannot go home to their family at night.
This paranoid belief system will eventually produce this result as a self-fulfilling prophecy, as police tyranny and trigger-happy police continue to murder the innocent and use grossly excessive force for minor offenses. Almost all police abuse of the citizen is delivered “for your own safety”, when that is another big lie. It is done for the arrogance and authority complex of the police officer–an artifact of over 25 years of ADL training for your local police, who have almost all sold out to the feds in order to get military weapons and gear. All in return for signing over jurisdiction to DHS and the Feds.
Police are instructed to “charge up” anyone who questions them in any way, and any slight hesitation must be met with false charges of assault and/or battery towards the officer. Officers are told, an arrestee can beat the rap, but they cannot get out of the “ride” (i.e. the arrest and hassle of it.) They are taught that this deters deviance and crime, when actually it provokes the American people to hate police officers.
The new militarized police have one new main function. It is to continually provoke law-abiding, honest citizens with acts of selfishness and tyranny in order to “role force” them to act out so that “punishment” can be delivered. The goal, especially with inner urban kids is to make sure they are sold all the drugs they want, in order to dirty them up and get them into the system for life. Big prisons are a private business–a very big business–and quotas or guaranteed imprisonment rates are in place to reduce costs.
Since the IZCS is actually functioning as a neo-Bolshevik political block with East German Stasi and Nazi undertones, this reveals the actual goal of DHS–to serially mass-murder all American dissenters and political opponents. Doubt this? Then consider the purchase of over 2 Billion 40 Caliber hollow-point rounds and 7,000 M-16 fully-automatic (real assault rifles, not the mere look-a-like AR-15) and thousands of armored vehicles and armored booths, raised spy-towers and grenade launchers.(8) Many of these armored vehicles have been given to local police who have Police Chiefs who are Traitors to America the Republic in exchange for complete submission to Federal Jurisdiction of DHS.
Some of these traitors are just stupid and overly impressed by Feds or DHS Spooks, others have been paid off in very large cash donations (hundreds of thousands of USD in military duffel bags, untraceable CIA drug profits. Some have been sexually compromised by Pedophile or Honey Traps and then blackmailed into submission. Some have succumbed after being threatened or having their families threatened. This is the lowest scum-bag manipulation (aka Humint) ever deployed, and it is everyday stock and trade for the IZCS, the world’s biggest sexual compromisers, and pedophile and sex-slave operators.
Lessons of History: Any serious study of History quickly shows that war is a vehicle for a nation’s leaders to maintain control over their nation-states. The infamous Iron Mountain Report gave an inside glimpse of how the super-elite criminal Psychopaths running America thought about the need for ongoing war or a suitable state crisis to unify the society and solidify their control over society.
Wars are craftily engineered by criminal super-elites who rule nation-states and their advisers. There are various, crafty ways for a nation’s leaders to covertly start wars. The well-established standby is to stage False-Flag attacks and then wage war on the nation state or entity that you have framed for the attack that you did.
Another way to create a terrorist with a long and successful track record is to capture abandoned children in Mideast Countries, provide for their daily needs, while mind-kontrolling them to become terrorists with psychotic suicidal delusions of revenge toward what has been identified to them as their religious enemy which needs destruction to please their god.
The British, the Israelis, and the Saudi are experts at this, and American Taxpayers have unknowingly provided a large portion of the funding for this. One trick well known among intel insiders is the practice of acts of terror against the nation of the mind-kontrolled children to create an enemy for them to later attack in revenge.
Lots of American Taxpayer dollars were covertly dispensed to create and finance terrorists for future Mideast wars. American Intel has spent a great deal of money paying others, such as the Israelis, to do this. Otherwise, American Intel has not been very successful themselves. Their only real success is their arming, funding and training of the Mexican Drug Cartels and the training and deployment of the disgusting mass-murdering death squads in Central and South America, who murdered over one hundred thousand innocent women, children and young men.(9)
The 9/11 attacks were an inside job by the USAF and the IZCS. The staged Gladio-style False-Flag attack was the choice selected for the attack on the Twin Towers in NYC and the Pentagon in Washington, DC, on 9-11-2001. This attack was done by the USAF, under the authority of a zionist-controlled Criminal Cabal inside the JCS and the Secret Shadow Government (SSG).(10)
The 9/11 attack was planned, set up and run by NeoCon top Policy-Makers, Israeli Intel and their stateside Sayanims, utilizing a small criminal cabal inside the USAF, NORAD and the JCS. These are facts that can no longer be disputed by any reasonable person who has examined all the available evidence.
And it is exceedingly clear to any reasonable person who examines the pre-announcement of WTC-7 destruction that the whole attack was pre-scripted in London and Israel, and that WTC-7 was wired in advance with conventional demolition charges.
Typically, it takes a considerable amount of time and labor to wire up a building, which suggests complete access at the security level. This means that since it was a federalized building, with CIA and NYC Emergency Center occupants, building security had to be involved one way or another. And now that it has been proved that WTC-7 was wired up beforehand and demo’ed on 9-11, this means the Twin Towers had to have been pre-wired, too.
The War on Terror is obviously a Phony. But it has been the greatest boon to the American Defense Complex ever, with many times more net American Taxpayer dollars spent on this war than any other war in history, including WW2 or the Vietnam War.
Another way to establish a war is to create and fund so-called foreign terrorist groups. This is a costly exercise that take years and can involve as much work as fighting a war. Yes, creating terrorist groups is very hard and expensive work.
But enemies for necessary wars can be created if you have the technological help of a nation that has hundreds of years experience in creating its own enemies. This nation is the City of London (Financial District), a separate nation state like the Vatican, located within England.
There is a reason England has been referred to as “Perfidious Albion” for centuries. They have been known for their ability to instigate chaos inside nations they want to control by their standard well-developed strategy of “Divide and Conquer”. They are experts at creating long term provocations between different nations that have competing economic interests.
They do this in order to establish a beach-head from which to control the removal of natural resources and accrued wealth.
Remember the Opium Wars (Boxer Rebellions) where England brought opiate addiction to China as a covert act of war in order to recover all the silver and gold paid to import Tea, spices and silk from China? This was low intensity (covert) warfare that twice led to a short hot war.
The creation of the nation state Israel was created to serve as a long term provocation for numerous Mideast perpetual wars. This is why the Balfour Declaration was made, why the Nazi sent the “low Jews” to the labor camps, while the “High Jews” were able to either emigrate elsewhere or become collaborators like George Soros.
This is why the City of London created the New Israel and took land away from the Palestinians to set up a nation of Khazarian Judaic converts (aka “fake Hebrews”), a racially paranoid group mind-kontrolled to believe the delusion that they were of ancient Abrahamic Hebrew Blood.
The IZCS believes in preemptive strikes against Goyim and their institutions. Judaics have also been mind-kontrolled by Zionists (many of whom are not Judaics at all) to believe that they must hijack the American political system to preemptively crush Christianity and American Goyim Culture.
And that if they didn’t succeed in this, they would be persecuted again, just like what they call the “holocaust”–translated from Old English as “a fiery sacrifice”.
This philosophy of striking first and eliminating the Goyim to prevent another “holocaust” from ever occurring” is a Bolshevik ideology based on the “End Justifies the Means”.
This paranoid strike-first obsession will produce push back and persecution eventually, thus serving as a self-fulfilling prophecy. Of course the Zionists who control Talmudic, Noahide Judaism know that the 6-million-dead figure is untrue, because this had appeared in the late 1800′s andearly 1900′s in Judaic literature long before the work camps of WW2.
New Genetics research exposes a vast, paranoid race-based delusion. Recent Johns Hopkins genetic research has shown conclusively that approximately 80% of the Palestinians are of Hebrew (Abrahamic) bloodlines, and approximately 90% of Judaic converts living in greater Israel are not of ancient Hebrew (Abrahamic) bloodlines. Thus, the world’s greatest anti-Semites appear to be Israelis who have stolen Palestinian land and continue to do so against all UN rulings and International Law.
The nation of Israel was set up as the private nation state and Tribal Intel front for the City of London Zionist private Central Banksters, to serve as a beach-head to control the production and distribution of Mideast oil. This delusion that the Khazarian Judaic converts were God’s Chosen People (ancient Hebrews from the Ten Tribes) was then en-cultured into these Judaics who were sent to Palestine and armed so they could use terrorism to expand their region of control.
Greater Israel has no real boundaries and is ever expedient, as Israeli militants keep taking land and murdering unarmed Palestinians.
A serious spell, a racial delusion of superiority has been cast on many Judaics no matter where they live, but especially so among those living in greater Israel, where the Luciferian Hex Flag flies. Whether true or not, the flag signifies the merger of demonic fallen angel Beast-Bloodlines from above, bred with Human female bloodlines below.
If we accept this Hex Flag at face value, does this mean that the top Zionists running the IZCS are perhaps alien/human hybrids, or at least claim to be in their own secret ceremonies that Stew Webb has exposed numerous times in articles and radio appearances over many years?
It is obvious that the IZCS has hijacked the US Department of State and the US Military Defense Complex as well as Congress. Listen to what Kay Griggs had to say about this. She was married to a top USM officer and mind-kontrolled “wetboy” who became out of control and beat her and then tried to have her shut up. He and/or his controllers serious stalked and harassed Kay Griggs for years.
She went to live with Sarah McClendon for protection and was interviewed by Pastor Rick Strawcutter, which probably raised her profile so much that it saved her life. Kay is another Great American Hero and is a courageous standup person, one of the best you could ever meet anytime, anyplace. If you get a chance, be sure and listen to her 8-hour video affidavit with Pastor Rick Strawcutter, who is another Great American Hero. You will be amazed and angered at who has been running the USG and the Military.(11)
Kay’s video affidavit is packed with insider secrets known only by top Intel insiders. How much do you want to know about what is really going on in the background? How much do you dare to pull the curtain back to expose the Wizard Of Oz (as in Ounce)? You will need a great deal of courage to handle what Kay Griggs reveals. By the way, a great deal of her testimony has been cross-corroborated by experts. Any errors she makes are minor and not directly related to her main claims.
Two sides of the same coin: Of course those on the inside of the Ruling Cabal know that Nazi-ism and Zionism are two sides of the same coin and run by the City of London Central bank controllers. This entity is the Old Black Nobility (OBN), which prefers to stay in the background.
The IZCS controls Private Central Fiat, Fractional Reserve Banking: This reality that the IZCS owns and controls private Central Banking means that they have access to and can utilize Babylonian Money-Magick to make the money they need to control the USG officials and Congress from nothing. This access provides vast sums of money in seemingly endless quantities. Thus, they have access to all the cash they need to buy, own, compromise or blackmail almost every single Congressman/woman and Senator in America.
The serious down-side of this system of Babylonian Money-Magick is that it is based on fiat or fake-money with nothing but debt behind it. Actually this debt is imaginary, but has a stranglehold on most of the members of the societies it has hijacked. But it cannot go on without catastrophic readjustments, which will occur at some point.
A worldwide Web of Debt: The private Central Banksters in America have been so adept and successful at extracting wealth in America and all over the world, replacing it with debt, that nearly the whole world is now engulfed in extreme debt.
And this debt has now reached the point it cannot be paid off. This of course is the IZCS’s age-old plan which will result in massive chaos that engulfs the world and destroys all social systems, family systems, sex roles, and systems of government.
After this destruction of conventional society occurs, it is expected by the IZCS top leadership that a pure Luciferian NWO System will arise from the globalist framework they have put in place. They expect this NWO System emerging from the ashes to be their Phoenix, like the legendary Phoenix of Greek and Roman mythology.
All this tidal wave of debt is phony and a big charade. If all the people of the world unite, nationalize their monetary systems and declare all debt null and void, and if they assign all such debt directly to Central Banksters responsible for creating it, prosperity to “we the people” can return like it did to the Colonists who left England.
Babylonian Money-Magick has been used to create a debt based economy. It does this by producing “onerous usury” and allows the easy transformation of “all the money created from nothing which is worth nothing at face value” into the vast amounts of ever-increasing wealth. This wealth–fiat money–is covertly stripped from the common man these Banksters provide the money for and use as a means to extract real value and wealth from.
The Zionist IZCS vehicle used to gain control over almost every single member of Congress and to buy, compromise and control almost every top USG official and Judge, is the 70,000+ K Street Lobbyists, AIPAC and others who distribute the money to their marks, often through campaign contributions, cash to offshore accounts, and various other expensive luxury perks, such as ridiculously high honorariums for meaningless propaganda speeches.
And AIPAC, the ADL, the SPLC and the like are also zionist tools of espionage against America the Republic.
They should all be investigated by the FBI and fully prosecuted and convicted and sentenced for espionage by the Department of Justice. Note, espionage in many cases is a Capital Crime.
If the Rosenbergs were prosecuted, convicted and executed for their espionage against America, why should these IZCS Cutouts go free without identification and full prosecution?
These entities are really Intel fronts for espionage against America the Republic on behalf of the IZCS which includes the City of London zionist Central banksters, Israel, American NeoCons, and Israeli-American dual citizens who have betrayed America, putting Israel first over America.
Vast Funding for zionist Cutouts. These entities receive vast funding from the zionist Central Banksters and from the wealthy Judaic businessmen they shake-down or manipulate for large donations by playing on their paranoid tribal delusions.
These tribal delusions are that donations are necessary to prevent excessive antisemitism and future persecutions or “holocausts” by Goyims and Christians.
Many Judaics in America and elsewhere have been en-cultured with the false ideation that Nazi-ism was a Christian phenomena and Christians and Goyim must be destroyed.
This of course this is as far from the truth as possible because Hitler was a British Agent and Nazi-ism was created by the Tavistock Institute and the City of London Central Banksters and a counter-force to the Bolshevism they created and deployed in Russia in 1917.
What does the International Zionist Crime Syndicate (IZCS) run out of the City of London through its main Cutouts Israel and the hijacked USG attain? Obviously the IZCS’s unlimited funds and the fact it owns and/or controls almost every member of Congress and most USG officials and Judges, means that the ICS has been able to determine USG Policy.
It can do this because it owns and/or controls all USG top Policy-Makers, most of whom just happen to be outside of the visible USG and within the Secret Shadow Government (SSG).
Obviously the crimes of the IZCS and their espionage fronts like AIPAC, the ADL, SPLC and the like against the American Republic are far worse than the Rosenbergs.
Listed below are some of the IZCS crimes against America:
1. The NSA and all American Intel has been completely hijacked by the IZCS and all NSA intel data goes directly to Israeli Defense Contractors and Israeli communication Corporations that process all American phone calls and data transmissions. This means that the Five Eyes International Intel System is really a Six Eyes System controlled by Israeli Intel entities and proprietaries.
Thus, America has no real Intel, and Israeli Intel has control over all American politicians, judges and officials by use of this Intel for human compromise, blackmail and sophisticated mind-kontrol operations. Any time factions within American Intel agencies (there are 37 and growing) form opposition to the IZCS, this is readily discovered through Israeli Intel intercepts of NSA raw Intel and actions to neutralize such efforts are quickly deployed–whatever is required.
The conclusion here is that America no longer has any real Intel of its own–none at all–it is all compromised and hijacked by Israeli and City of London Cutouts and contractors.
2. Because the IZCS has hijacked all American Intel directly from NSA feeds, the IZCS has a long history of stealing American intellectual property and providing it to their corporations. The IZCS can also hijack American corporate bids and defeat them repeatedly until many companies go out of business.
3. The IZCS has compromised almost every single member of Congress, US Supreme Court Judges, most Federal, and almost every single USG official and American Intel Director.
4. The IZCS’s new DHS is a zionist terrorist front, a new Internal American Army that has been deployed against YOU as their NEW ENEMY. The IZCS has created and deployed DHS as the New American Stasi and a New American Neo-Bolshevik Red Cheka. It is controlled by an Israeli-American dual citizen who made millions of USD from selling unshielded X-ray machines to the TSA, which is creating numerous cancer clusters among TSA officers.
5. The principal goal of the IZCS in America is to deploy DHS to tyrannize and degrade Americans and then eventually to start a live “shoot to kill” war against ordinary Americans who organize to take their government back and restore the American Constitutional Republic. This tyranny by DHS is planned to culminate in serial mass-murder of up to 80% of Americans–one way or another.
6. The IZCS has set up and deployed AIPAC, the ADL, the SPLC and others to serve as agents of espionage inside America, to work to destroy its institution of government, dirty up Americans and to destroy the American Family, America’s language borders and culture and to destroy Christianity and Deism in general.
7. The IZCS has hijacked top factions in the CIA, DEA and other American Intel and uses them to traffick illegal narcotics and drugs into America to raise money for deep-cover covert ops.
8. The IZCS has compromised almost every major Urban and Suburban police Department, coercing them to sign secret transfer of jurisdiction agreements giving the Feds, DHS and the Fusion Centers complete jurisdiction in any matter they choose. In return, they are bribed with “stolen” war materials, machine guns, rounds, armored cars and, even in some cases, grenade launchers.
9. The IZCS has stolen numerous loads of nuclear materials from US DOD contractors and refiners for their Dimona Plant and nuclear storage center.
10. The IZCS has used NSA-provided intel to murder hundreds of witnesses to their crimes and federal Whistleblowers. The rest that they don’t murder are watched and often become victims of targeted harassments, placed on DHS and Fusion Center “Terror Watch Lists”, “No-Fly” Lists and “No work lists”. Take the example of Ronald Reagan’s Secret Agent, the Great American Hero Lee Wanta who was instrumental in “bringing down” the Soviet Union. Lee Wanta has been wrongfully imprisoned, tortured, and endures ongoing harassment.
Or consider Mark Novitsky, another Great American Hero who refused to do wrong and coverup crimes while working for an NSA contractor. Both of these American Heroes have paid a terrible price for obeying the law and for putting the welfare of the American People first.
11. The IZCS has hijacked the America Monetary Production and Distribution System and transformed Americans into debt-slaves, drastically reduced the Middle Class and the standard of living, and done this by massive asset-stripping of American wealth and prosperity.
12. The IZCS has used its Cutouts to debase American culture, take the God of our Founding Fathers out of the schools and institutions where they had certain Bible verses and phrases etched in stone, destroy traditional male and female sex roles, destroy the family, promote sexual perversion, promote promiscuity and sexual irresponsibility and addiction, promote diversity and political correctness and illegal immigration and multi-culturalism.
13. The IZCS has completely compromised all of the Major Mass media, transforming it into a propaganda dispenser for the USG and the Central Banksters which are completely under their control. Thus the Major media is now the Controlled Major Mass Media (CMMM).
14. The IZCS has hijacked American seed companies and most major food processors and is in the process of deploying sophisticated GMO’s which will, over time, radically increase the death rate of Americans.
15. The IZCS has hijacked Big Pharma and Big medicine and has used it to deploy vaccines containing monkey viruses like SV40 and numerous harmful adjuvants like squalene and aluminum or formaldehyde, as well as so-called preservatives like ethyl mercury.
16. The IZCS has hijacked many large Insurance Companies and used them for its own designated purposes.
17. The IZCS has deployed contract aircraft through their hijacked intel groups like the CIA that are spraying toxic weather and eugenic substances in the atmosphere. They have also been able to covertly add these toxic substances to ordinary jet fuel.
Numerous samples of these substances have been collected by researchers and scientists who have had them analyzed. What they found were toxic levels of nano-particulized aluminum, barium slats, Hemophilus Influenza, red blood cells, white blood cells, toxic molds, and other strange fiber like substances and compounds.
18. The IZCS has used its vast criminal networks and resources to launder its drug money by buying up large real estate entities and banks and is able to finance almost every new major corporate building with laundered drug money.
19. The IZCS has used a great deal of its money from illegal drug trafficking to build deep underground military bases (DUMBS). Some of these bases are claimed by top insiders to be joint ventures with alien entities and have special genetic labs involved in the development of alien ET/human hybrids.
20. The IZCS is the world’s top Mind-kontroller. It has used hijacked American Intel and its defense contractors to develop and deploy advanced high technology for psychotronic, direct brain entrainment and sound-based subliminal mind-kontrol.
21. Israel used advanced mind-kontrol on those who accept its all-paid junkets. Visitors end up drinking their special Kool-aide and are hit with sophisticated psychotronics, becoming significantly mind-kontrolled to operate as functional zionists without even being aware of it.
22. The IZCS has created what they call the federal family. They have done this by creating Fusion Centers, the DHS, the TSA and numerous armed (previously unarmed) agencies like the Department of Education. Unduly large salaries and extremely liberal benefits have been provided, as well as a special anointing with authoritarian powers to kill with very little accountability if any, due to the War on Terror.
Many of these federal Family folks have been mind-kontrolled by shoulder-held constant on pulsed beam microwave radios and other highly advanced psychotronics, which increases their tendencies to tyrannize and become violent with the public and minimizes their ability to control violent impulses which may crop up.
23. The IZCS has militarized local police departments and many Sheriff’s departments. Their ADL provides most of the police training and drives a hard line against any public dissent, describing it as “domestic terrorism”. It controls what the Fusion Centers and DHS put out as war propaganda which labels the public as “Domestic Terrorists”.
Here is the first part of one of their confidential lists of Domestic Terrorists or Suspected Domestic Terrorists: Catholics, Evangelical Christians, Veterans, Libertarians, Constitutionalists, Tax protestors, Gun owners…..These reports of course are pure ADL propaganda lies and complete smear jobs, all intended to provoke police and Federal Family officers to tyrannize and easily become violent with innocent ordinary Americans or anyone who decides to peacefully protest, an American Constitutional Right.
Remember that the operational goal of the top Policy-Makers who are tools of the IZCS is to provoke a full scale shooting war between ordinary Americans and their police and Federal family Members such as DHS.
Conclusion: The IZCS has hijacked America and has deployed numerous weapons against it now culminating in a phony, staged War on Terror, and if you are an American or live in America, one way or another YOU will soon become THEIR NEW ENEMY. Yes, from here on out if you live in America, you are the designated enemy in this new War On Terror.
If you are a member of the federal family, it is suggested that you read and study up on the Night of the Longknives (Operation Hummingbird) and the various purges under Lenin, Stalin and Mao. Maybe you should reconsider the oath you took to UPHOLD the US Constitution from ALL ENEMIES, FOREIGN and DOMESTIC.
Now for some good news about all this. Despite how bleak this all seems it is far from hopeless and American are beginning to wake up in mass. This is due to the worldwide Internet and the massive dissemination and diffusion of the alternative news. Once facts are published they sink into the hearts of “we the people” with a certain resonance that makes them take hold.
It’s almost instinctive how truth sticks like glue in people hearts and minds and spreads like wildfire all around the Earth. At least 1% of the American population has woken up. Some estimates are 11%. Proof of this is the massive first time gun buyers, the massive sales of high powered handguns, rifles and 12 gauge shotguns and massive ammo sales.
Guns and ammo have literally been flying off the shelves the last several years and there have been serious ammo shortages due to the massive DHS and USG stockpiling of 40 Caliber Hollow Pints and M-16 ammo rounds.
Once 12% of the population wakes up a critical mass turning point will spontaneously occur and through various very strange mass societal changes will occurs and new very powerful, unstoppable populism will emerge and the IZCS will be driven out.
If they are stupid enough to take us into a live shooting war, Internal Civil War with mass killing, the public will suffer great losses but the Federal Family will split and it and the IZCS and any of their forces will be defeated.
All wars are always won by what is in the hearts and minds. In America the American Spirit lives and is getting stronger every day. Soon the foreign filth and their Cutouts run by the Kingpins from City of London and Israel, the perps that have hijacked America, the IZCS, will be completely exposed, stopped, or routed out, one way or another.
And there is good evidence that many retired Intel Cowboys have gone back to work to bring the IZCS Beast down and destroy its grip on American Intel and private Central Banking. Some of the covert operators have long records of success and can create and use numerous different identities.
Many of these Intel Cowboys can use make up and make their own credentials to impersonate officers, draw military and USG paychecks from multiple sources, all at the same time and hack into any computer system anywhere in the USG or American Intel, anywhere anytime. Most of them just did not realize that the IZCS has taken control because of unlimited money provided by zionist Central Banksters and Judaic supporters.
And the best news of all is that more than a few seasoned Intel Cowboys that served the Bush Cabal at its center as well as the IZCS, have now woken up, pulled away from the Bush cabal and are targeting the IZCS with deep cover covert ops that would make your hair stand on end if you were allowed to know.
Some of these Intel Cowboys have now admitted that they were kept so narrowly compartmented that they did not realize the whole picture until the Internet and the numerous Federal Whistle-blowers coming forward and spilling the beans. the simple fact is this, the worldwide Internet and the alternative news it provides spreads truth like a wildfire that cannot be put out even with the application of military force.
The Internet is the New Gutenberg Press, the Achilles Heel of the IZCS. The Internet will turn out to be the greatest trick in history played on the IZCS by the young men at Drapa. They sold the Internet to the IZCS and its SSG promising the greatest spying and surveillance system imaginable. Yes the IZCS got much of what was promised but also a very big hidden surprise which assures their complete exposure and destruction, piece by piece. And this disassembling of the IZCS is already well under way.
The IZCS is now in its death throes and is like a rabid, cornered dog. That makes it very dangerous for the next year or two until it is completely defanged which is coming. If they use the Samson option which they have been threatening numerous nation-states with (they already used it on japan with the nukes planted in the sea bed and in the security camera on site because Japanese turned against them).
New factions within the Military High Command and the USN have already taken note and are working carefully in the background to defang Dimona by utilizing secret satellite activated back-doors in various hardware circuits.
During the height of the bush Cabal (Bush1) those Intel Cowboys that did know were arrested and jailed on trumped up charges to discredit any possible testimony before Congress or in the courts. Now that many have been informed of what really happened on 9-11-01, they are hopping mad that America has been hijacked and the Constitution and its Bill of Rights, and the Rule of Law has been suppressed and ignored by this world’s largest criminal cabal.
The IZCS attacks on America on 9-11-01 have proved to have been a “going for broke” attempt to build a expanded Israeli in greatest intended form. We now know that it was the greatest and final reckless mistake of Israel so far. Even far worse than Israel’s False-Flag attack on the USS Liberty in their attempt to draw America into a Mideast War at the time which even President Johnson, their crypto Judaic stooge refused.
And now many Americans have finally been informed that the Murrah Building attack as well as the first NYC Twin Towers attack using a 55 drum of cyanide stolen from Louis Champon’s Natural Cherrie Flavoring Plant in Boca Raton, Florida, financed by Dr. Ishan Barbouti, the IZCS Cutout that has died at least three times and always come back to life.
As few know, only the top NeoCons 911 Planners, Dr. Barbouti rose again and came back to life to assist with many of the 9/11 attacks subplots which were designed to provide numerous false leads. A few of the most Patriotic Intel Cowboys who have “traveled” very close to the very “top of the pyramid” now believe that Israel provided the anti-matter positron micro-nukes which were installed in the Twin Towers elevators approximately every ten floors.
Most retired Intel Cowboys had previously thought Israel was a supportive Intel partner but didn’t realize that Israel murdered 135 Americans on the Liberty ship as a False-Flag attack and also murdered another 3,000 humans being in NYC and at the Pentagon on 911, assisted by Traitors within the USAF, NORAD and the JCS.
Now that these Intel Cowboys know the truth, they have woken up and back at work serving America’s true “National Security”. I don’t know exactly what they will do but I would expect some very, very crafty covert moves to expose, drive the IZCS out of America or demo it irreparably if necessary.
(3) Jane Standley BBC announcer, http://www.youtube.com/watch?feature=player_detailpage&v=ltP2t9nq9fI
Note: Kay Grigg’s video affidavit has numerous other backup versions. Some have more than four parts and some additional material lost due to editing.
Source: Preston James | Veterans Today
The corporate media would have us believe that the nation is in the midst of an economic recovery.
In the shadow of the approaching mid-term elections, the president cites the number of jobs created and speaks optimistically about America’s economic future. The future is indeed bright, but only if you are among the wealthiest one percent of the population.
For instance, since the 2007 recession, the greatest crisis of capitalism in 75 years, corporate profits have risen, CEO salaries and bonuses are at record levels and the stock market is soaring. By contrast, workers’ wages have stagnated for more than four decades, benefits are either few or non-existent, and workers are encumbered with debt that forces them to perform multiple jobs— if they can find them—in order to survive.
Jobs that offer long-term security and a living wage are scarce even for those with university degrees. Adjusted for inflation, today’s workers are worse off than they were in the late 1960s.
Whose economic recovery is this?
According to economic forecaster Gerald Celente, 90 percent of the jobs created in 2013 were part-time, most of them paying low wages and providing no benefits. Student loan debt exceeds $1.1 trillion, a number that surpasses the combined credit card liability of the nation.
These debts cannot be discharged through bankruptcy. The big banks and corporations that finance political campaigns have no such restrictions placed upon them.
Even the unemployment figures are deceiving. According to the latest government data, unemployment is at 6.7 percent. In reality, that number is probably closer to 17 or 18 percent, according to economist Richard Wolff.
The government does not count people whose unemployment benefits have expired or those who have given up looking for work. A cashier working 10 hours a week at Food Lion is counted as fully employed.
We have students, many of them burdened with immense debt, entering a job market that makes it difficult for them to earn a decent living. This is the economic minefield that workers across America must navigate. A little truth might help them find their way and comprehend why this is happening.
One of the many reasons we face such a bleak economic future is the implementation of Free Trade Agreements (FTAs).
In 1992, the North American Free Trade Agreement (NAFTA) was implemented between the governments of the United States, Canada and Mexico. NAFTA was fast-tracked through Congress by President H.W. Bush and signed into law by President Clinton. NAFTA was promoted in the commercial media as an engine for job creation in the United States, an assertion that is contradicted by the facts. According to Wolff, more than 700,000 jobs fled the country as the result of NAFTA, many of them providing middle class incomes and benefits.
Those jobs are never coming back. It is not just the number of jobs created that matter, it is the quality of those jobs that is a predictor of economic success.
Furthermore, the mass movement of U.S. corporations to Mexico wrecked the already struggling Mexican economy, particularly its sustainable, locally-based businesses. The situation initiated a mass migration of immigrant Mexican workers to the U.S. in search of better-paying jobs than were available to them in the homeland. Multinational corporations seeking a source of cheap labor and a climate of deregulation are the primary benefactors. The quantifiable effect that NAFTA has had on the U.S. workers is staggering job loss, reduced wages and increasing economic disparity.
Now, with the backing of corporate lobbyists, yet another FTA—the Trans-Pacific Partnership (TPP)—is being fast-tracked through Congress. Both Democrats and Republicans are enthusiastically backing the legislation.
The Electronic Frontier Foundation describes the process: “The Trans-Pacific Partnership is a secretive, multi-national trade agreement that threatens to extend restrictive intellectual property (IP) laws across the globe and rewrite international rules on its enforcement.” TPP is currently being negotiated between nine to 12 nations.
If enacted, TPP will permit privately-owned corporations to have hegemony over the governments of sovereign nations. For instance, if the state of West Virginia were to ban the use of genetically modified soybeans, Monsanto Corporation could either overturn the decision or extort billions of dollars in remuneration from their projected loss of profits. FTAs belligerently put corporate profits before the legitimate needs of the people and the welfare of the biosphere.
The implications for students and working class people will be profoundly detrimental.
Hundreds of thousands of jobs will flee the country, wages will fall yet again, autonomy will be lost, and the job market will resemble the wreckage of the Hesperus. FTAs are the means by which the power elite are turning the U.S. into a Third World economy.
A geopolitically tense atmosphere prevails.
Security is extremely tight. It’s prioritized for good reason. Terrorist attacks are possible. Don’t discount potential Washington shenanigans.
Perhaps raining on Putin’s parade is planned. Obama may want him embarrassed. False flags are a longstanding US tradition. Will Sochi be Washington’s next target? The fullness of time will tell.
It’s a virtual armed camp. Measures in place are unprecedented. Around $2 billion was spent on security.
Ahead of February 6, around 23,000 personnel assured proper measures were in place as planned.
Tens of thousands of police officers are deployed. They’re backed by helicopters, drones, gunboats, submarines, and 70,000 Russian troops.
Hundreds of Cossacks are involved. They’ll check IDs. They’ll detain suspects. Sochi’s proximity to the North Caucasus raised concerns.
Islamist jihadists named it a target. They’re US assets. They’re used strategically. Washington used likeminded ones against Soviet Russia in Afghanistan.
Libya was targeted this way. They comprise America’s anti-Syrian proxy death squads.
Russia raised concerns after December Volgograd bombings killed 34 people. Were Washington’s dirty hands involved?
Is something similar planned for Sochi? Hegemons operate this way. America is by far the worst. Anything ahead is possible.
According to Sochi Organizing Committee chairman Dmitry Chernyshenko:
“Terrorism is a global threat, and for terrorism there is no boundaries, no territories, but here in Sochi from the very beginning of the construction phase the state authorities did their utmost to prepare special measures, starting from the screening of raw materials, checking all the venues and preparing far-reaching security measures to provide the safest ever environment here.”
A controlled zone was established. It covers 60 kilometers. It runs along the coast. It extends 25 kilometers inland.
It includes all venues. They’re heavily guarded. The entire area is for authorized visitors only.
Western anti-Russian sentiment persists. Cold War politics continues. Putin bashing is featured. He’s not about to roll over for Washington.
He wants rule of law principles respected. He opposes Western imperialism. He’s against meddling in the internal affairs of Russia, Syria, Ukraine and other nations.
He stresses Moscow’s “independent foreign policy.” He affirms the “inalienable right to security for all states, the inadmissibility of excessive force, and unconditional observance of international law.”
He and Obama disagree on fundamental geopolitical issues. Key is national sovereignty. So are war and peace. America claims a divine right to fight. Putin prioritizes diplomatic conflict resolution.
Disagreements between both countries play out in dueling agendas. Washington notoriously plays hardball. Putin protects Russia’s national interests. They’re too important to sacrifice.
US media scoundrels target him. They vilify him. They mischaracterize him. They call him a Russian strongman. They make all kinds of baseless accusations.
Lies, damns lies and misinformation substitute for truth and full disclosure. They want him embarrassed. They’re raining on his Sochi parade.
On February 6, the Financial Times headlined “Putin gambles all on creation myth behind Sochi.”
“I am particularly pleased to see what is happening here because I chose this place myself,” he said.
“It must have been in 2001 or 2002,” he added. “(W)e were driving around and arrived at this brook, and I said: ‘Let’s start from here.’ That’s how it all began.”
Putin staked much on the games, said the FT. George Washington University’s Sufian Zhemukhov said “(i)f all goes well, (he’ll) be seen as the leader who resurrected Russia.”
Failure perhaps won’t be forgiven, he added. His forthrightness for peace “made him a force on the world stage,” said the FT.
A January Levada Center poll showed he’d be elected today by a wide margin. At the same time, his overall support dropped.
Excluding undecided respondents, its “higher than ever.”
He’s taking no chances. He’s going all out to make Sochi successful. FT comments were tame compared to America’s media.
The Wall Street Journal headlined “The Putin Games.” He wants them to “showcase…modern Russia.”
“(H)e succeeded (but) not as he intended…What could go wrong?” Sochi is the most expensive Olympics in history.
Around $50 billion was spent. It’s five times the original estimate. It’s double what Britain’s 2012 summer games cost. It’s a fourth more than China spent in 2008.
Much of Sochi’s cost related to building vital infrastructure. It had to be done from scratch. Doing so added enormously to costs.
Major projects are expensive. According to Journal editors, “(t)he games are proving to be a case study in the Putin political and economic method.”
They claim billions of dollars “lost to corruption.” They provide no evidence proving it. They said “Russians call this Olympiad the Korimpiad.”
More Putin bashing followed. It’s standard scoundrel media practice. Journal editors feature it.
They claim he “made it impossible to hold his regime accountable through free elections or media.”
Russian elections shame America’s sham ones. They’re democratic. They not rigged. Monied interests don’t control them.
Outcomes aren’t predetermined. Russian voters decide. US ones have no say.
Don’t expect Journal editors to explain. Or how Voice of Russia and RT (formerly Russia Today) shame America’s corporate media.
They feature news, information and opinion viewers most need to know. They do it forthrightly. They’re polar opposite America’s managed news misinformation.
Truth is systematically suppressed. Demagoguery, propaganda, scandal, sleaze, junk food news, and warmongering substitute.
Journal editors ignore truth and full disclosure. Bias permeates their opinions. They betray readers. They shame themselves doing so.
They claimed billions spent on Sochi left it unprepared. They cite “unfinished hotel rooms, incomplete road work and now the famous photographs of two toilets in a single stall.”
RT.com responded. On February 6, it headlined “Spread fear, toilet humor? MSM guide to ‘Worst. Olympics. EVAR!” (Repeat: EVAR!)
Even before the opening ceremony, MSM scoundrels drew conclusions “Sports? Not really,” said RT. At issue is malicious Putin bashing. It’s longstanding practice.
It’s MSM’s “own Sochi 2014 moan-athon.” Imagine claiming something yet to occur the “worst Olympics ever.” They beat up on Beijing the same way.
They “never believed in Sochi,” said RT. They called its climate unfit for winter games. They cite corruption with no substantiating evidence.
They claim lax security despite unprecedented measures in place. They discuss possible terrorist threats. They leave unexplained what most worrisome – a possible disruptive US false flag attack.
It bears repeating. Perhaps Washington plans raining on Putin’s parade.
On August 7, 2008, hours before Beijing’s summer Olympics’ opening ceremony, Georgia’s Mikheil Saakashvili invaded South Ossetia. He did so at Washington’s behest. Attacking was strategically timed.
After Soviet Russia’s 1991 dissolution, South Assetia broke away from Georgia. It declared independence. It’s home to many Russian nationals.
Moscow responded responsibly. Conflict continued for days. Then President Medvedev was on vacation. Then Prime Minister Putin was in Beijing.
In half a day before Russia intervened, 1,700 people were killed. Included were 12 Russian peacekeepers.
Moscow was blamed for Georgian aggression. Does Washington plan something similar this time? Will a false flag attack occur?
Will Obama usurp a freer hand in Ukraine? Will he take advantage in Syria? Does he plan other mischief? Is disrupting Sochi planned?
Hegemons operate this way. Washington’s disturbing history gives Russia good reason for concern.
Preparations in Sochi aren’t perfect, said RT. “(F)laws and problems” exist. “But what makes the Sochi Olympics ‘the worst’ so far is…accommodation for the global media elite.”
“See it, slam it,” said RT. “Intrepid Olympic reporters, we thought, would get behind the scenes, unravel the PR.”
“Nope. Not this time. Of global importance were rooms (if they were available), toilets, floors, and shower curtains.”
“Oh – and a request to not flush toilet paper (it’s rarely done in public toilets) had the press pack throwing up.”
Washington Post reporter Kathy Lally was upset about “a tiny, tiny (hotel room) sink.”
It “sits atop an exposed white plastic pipe, stuck to the wall and surrounded by an unruly gob of caulk,” she said.
“The single room has two lamps – which don’t have light bulbs, but that’s okay because they aren’t near any unused outlets.”
Other journalists reported missing shower curtains, lamps, chairs, inadequate heat and hot water, and whatever else they wanted to cite to bash Putin.
Fox News called conditions “laughably bad.” It warned about event coverage being just as dreadful.
MSM scoundrels feature daily “hotel horror stories.” They regurgitate similar tweets to each other. They find new reasons to complain.
BBC journalist Steve Rosenberg tweeted about two sit-down toilets shown side-by-side with no partition. It went viral.
RT calls it a “must have” for every Sochi story. Imagine toilet humor substituting for real journalism. It gets worse.
Whatever is happening in Russia multiple time zones away gets reported. A Moscow school shooting creates Sochi shudders.
So does a derailed gas-laden freight train exploding. It happened 500 miles northeast of Moscow. It made Sochi headlines.
CNN connected Sochi to the September 2004 Beslan school siege. Its February 5 report said:
“Amid the shrill noise of militant threats ahead of the Sochi Olympic Winter Games, the gym in Beslan is now steeped in silence, a monument to the dead, untouched almost.”
Trashing Sochi bashes Putin. MSM scoundrels are deplorable. They disgrace themselves before dwindling audiences.
CNN and other US cable news networks report increasing to fewer viewers. Maybe one day they’ll all tune out.
RT called Sochi the “biggest construction site in the world over the past seven years.”
“Everything there – most of the hotels, sport venues, high-speed rail links, highways, 50 bridges, even the Olympic village itself – was built from scratch.”
It’s an extraordinary achievement in a short time. It’s almost like building an entirely new city in record time. Sochi deserves praise, not criticism.
Toronto Star reporter Rosie Dimanno wrote:
“Mounds of debris, parts of roads unpaved, mesh hoarding to hide the eyesore bits, lots of trash, unreliable power – nothing upsets journalists more than an internet that goes up and down – these have all featured in Olympics over the past three decades, as the Games have grown too big, too gaudy and too complicated.”
“The Olympics are no (place) for old sissies,” she added. “So I’ll take my own advice: Just chill.”
Most MSM scoundrels report as expected. They mock legitimate journalism. It’s verboten in America. It’s lacking in Canada. It’s largely absent in Western Europe. Managed news misinformation substitutes.
WSJ editors called Sochi “a shrine to authoritarianism.” They bashed Putin relentlessly. One bald-faced lie followed others.
“(T)he underbelly of Mr. Putin’s regime (was) exposed,” they claimed.
New York Times editors were just as bad. They headlined “A Spotlight on Mr. Putin’s Russia,” saying:
“(T)he reality of (his) Russia…conflicts starkly with Olympic ideals and fundamental human rights.”
“There is no way to ignore the dark side – the soul-crushing repression, the cruel new anti-gay and blasphemy laws, and the corrupt legal system in which political dissidents are sentenced to lengthy terms on false charges.”
NYT editors have a longstanding disturbing history. They one-sidedly support wealth, power and privilege. Whenever Washington wages imperial wars or plans them, they march in lockstep.
They long ago lost credibility. They feature mind-numbing misinformation. They violate their own journalistic code doing so.
They invented anti-gay law controversy. Russian gay propaganda law has nothing to do with persecuting people for their sexual orientation.
Everyone’s rights are respected. Russia wants its children protected from malicious anti-gay propaganda, illicit drugs, alcohol abuse and whatever else harms them.
Responsible governance demands it. America leaves millions of children unprotected. Cutting food stamps alone denies them vital nutrition.
Don’t expect Times editors to explain. Or about thousands of political prisoners languishing in America’s gulag.
About torture being official US policy. About rigged US elections. About impoverishing neoliberal harshness.
About destroying social America. About eliminating America’s middle class. About waging war on freedom.
About unprecedented levels of public and private corruption. About kleptocracy masquerading as democracy.
About out-of-control corporate empowerment. About Washington being corporate occupied territory. About crushing organized labor.
About commodifying public education. About ignoring international, constitutional and US statute laws.
About violating fundamental human and civil rights. About Obama’s war on humanity.
Bashing Putin takes precedence. Managed news misinformation proliferates.
Times editors report like other media scoundrels. MSM ones long ago lost credibility. They replicate the worst of each other.
They support what demands condemnation. They back wrong over right. Readers and viewers demand better.
MSM scoundrels don’t deliver. Sochi games run through February 23. Expect lots more Putin bashing ahead.
Stephen Lendman lives in Chicago. He can be reached at email@example.com.
His new book is titled “Banker Occupation: Waging Financial War on Humanity.”
Visit his blog site at sjlendman.blogspot.com.
I began writing analysis on the macro-economic situation of the American financial structure back in 2006, and in the eight years since, I have seen an undeniably steady trend of fiscal decline.
I have never had any doubt that the U.S. economy as we know it was headed for total and catastrophic collapse, the only question was when, exactly, the final trigger event would occur. As I have pointed out in the past, economic implosion is a process. It grows over time, like the ice shelf on a mountain developing into a potential avalanche. It is easy to shrug off the danger because the visible destruction is not immediate, it is latent; but when the avalanche finally begins, it is far too late for most people to escape…
If you view the progressive financial breakdown in America as some kind of “comedy of errors” or a trial of unlucky coincidences, then there is not much I can do to educate you on the reasons behind the carnage. If, however, you understand that there is a deliberate motivation behind American collapse, then what I have to say here will not fall on biased ears.
The financial crash of 2008, the same crash which has been ongoing for years, is NOT an accident. It is a concerted and engineered crisis meant to position the U.S. for currency disintegration and the institution of a global basket currency controlled by an unaccountable supranational governing body like the International Monetary Fund (IMF). The American populace is being conditioned through economic fear to accept the institutionalization of global financial control and the loss of sovereignty.
Anyone skeptical of this conclusion is welcome to study my numerous past examinations on the issue of globalization; I don’t have the time within this article to re-explain, and frankly, with so much information on deliberate dollar destruction available to the public today I’ve grown tired of anyone with a lack of awareness.
If you continue to believe that the Fed actually exists to “help” stabilize our economy or our currency, then you will never find the logic behind what they do. If you understand that the goal of the Fed and the globalists is to dismantle the dollar and the U.S. economic system to make way for something “new”, then certain recent events and policy initiatives do start to make sense.
The year of 2014 has been looming as a serious concern for me since the final quarter of 2013, and you can read about those concerns and the evidence that supports them in my articleExpect Devastating Global Economic Changes In 2014.
At the end of 2013 we saw at least three major events that could have sent America spiraling into total collapse. The first was the announcement of possible taper measures by the Fed, which have now begun. The second was the possible invasion of Syria which the Obama Administration is still desperate for despite successful efforts by the liberty movement to deny him public support for war. And, the third event was the last debt ceiling debate (or debt ceiling theater depending on how you look at it), which placed the U.S. squarely on the edge of fiscal default.
As we begin 2014, these same threatening issues remain (along with many others), only at greater levels and with more prominence. New developments reinforce my original position that this year will be remembered by historians as the year in which the final breakdown of the U.S. monetary dynamic was set in motion. Here are some of those developments explained…
Taper Of QE3
When I first suggested that a Fed taper was not only possible but probable months ago, I was met with a lot a bit of criticism from some in the alternative economic world. You can read my taper articles here and here.
This was understandable. The Fed uses multiple stimulus outlets besides QE in order to manipulate U.S. markets. Artificially lowering interest rates is very much a form of stimulus in itself, for instance.
However, I think a dangerous blindness to threats beyond money printing has developed within our community of analysts and this must be remedied. People need to realize first that the Fed does NOT care about the continued health of our economy, and they may not care about presenting a facade of health for much longer either. Alternative analysts also need to come to grips with the reality that overt money printing is not the only method at the disposal of globalists when destroying the greenback. A debt default is just as likely to cause loss of world reserve status and devaluation – no printing press required. Blame goes to government and political gridlock while the banks slither away in the midst of the chaos.
The taper of QE3 is not a “head fake”, it is very real, but there are many hidden motivations behind such cuts.
Currently, $20 billion has been trimmed from the $85 billion per month program, and we are already beginning to see what APPEAR to be market effects, including a flight from emerging market currencies from Argentina to Turkey. A couple of years ago investors viewed these markets as among the few places they could exploit to make a positive return, or in other words, one of the few places they could successfully gamble. The Fed taper, though, seems to be shifting the flow of capital away from emerging markets.
The mainstream argument is that stimulus was flowing into such markets, giving them liquidity support, and the taper is drying up that liquidity. Whether this is actually true is hard to say, given that without a full audit we have no idea how much fiat the Federal Reserve has actually created and how much of it they send out into foreign markets.
I stand more on the position that the Fed taper was actually begun in preparation for a slowdown in global markets that was already in progress. In fact, I believe central bankers have been well aware that a decline in every sector was coming, and are moving to insulate themselves.
Is it just a “coincidence” that the central bankers have initiated their taper of QE right when global manufacturing numbers begin to plummet?
Is it just “coincidence” the taper was started right when the Baltic Dry Index, a global indicator of shipping demand, has lost over 50% of its value in the past few weeks?
Is it just “coincidence” that the taper is running tandem with dismal retail sales growth reports from across the globe coming in from the final quarter of 2013?
And, is it just a “coincidence” that the Fed taper is a accelerating right as the next debt ceiling debate begins in March, and when reports are being released by the Congressional Budget Office that over 2 million jobs (in work hours) may be lost due to Obamacare?
No, I do not think any of this is coincidence. Most if not all of these negative indicators needed months to generate, so they could not have been caused by the taper itself. The only explanation beyond “coincidence” is that the Federal Reserve WANTED to launch the taper program and protect itself before these signals began to reach the public.
Look at it this way – The taper program distances the bankers from responsibility for crisis in our financial framework, at least in the eyes of the general public. If a market calamity takes place WHILE stimulus measures are still at full speed, this makes the banks look rather guilty, or at least incompetent. People would begin to question the validity of central bank methods, and they might even question the validity of the central bank’s existence. The Fed is creating space between itself and the economy because they know that a trigger event is coming. They want to ensure that they are not blamed and that stimulus itself is not seen as ineffective, or seen as the cause.
We all know that the claims of recovery are utter nonsense. Beyond the numerous warning signs listed above, one need only look at true unemployment numbers, household wage decline, and record low personal savings of the average American. The taper is not in response to an improving economic environment. Rather, the taper is a signal for the next stage of collapse.
Stocks are beginning to plummet around the world and all mainstream pundits are pointing fingers at a reduction in stimulus which has very little to do with anything. What is the message they want us to digest? That we “can’t live” without the aid and oversight of central banks.
The real reason stocks and other indicators are stumbling is because the effectiveness of stimulus manipulation has a shelf life, and that shelf life is over for the Federal Reserve. I suspect they will continue cutting QE every month for the next year as stocks decline. Will the Fed restart QE? If they do, it will probably not occur until after a substantial breakdown has ensued and the public is sufficiently shell-shocked. The possibility also exists that the Fed will never return to stimulus measures (if debt default is the plan), and QE stimulus will eventually be replaced by IMF “aid”.
Government Controlled Investment
Last month, just as taper measures were being implemented, the White House launched an investment program called MyRA; a retirement IRA program in which middle class and low wage Americans can invest part of their paycheck in government bonds.
That’s right, if you wanted to know where the money was going to come from to support U.S. debt if the Fed cuts QE, guess what, the money is going to come from YOU.
For a decade or so China was the primary buyer and crutch for U.S. debt spending. After the derivatives crash of 2008, the Federal Reserve became the largest purchaser of Treasury bonds. With the decline of foreign interest in long term U.S. debt, and the taper in full effect, it only makes sense that the government would seek out an alternative source of capital to continue the debt cycle. The MyRA program turns the general American public into a new cash stream, but there’s more going on here than meets the eye…
I find it rather suspicious that a government-controlled retirement program is suddenly introduced just as the Fed has begun to taper, as stocks are beginning to fall, and as questions arise over the U.S. debt ceiling. I have three major concerns:
First, is it possible that like the Fed, the government is also aware that a crash in stocks is coming? And, are they offering the MyRA program as an easy outlet (or trap) for people to pour in what little savings they have as panic over declining equities accelerates? Bonds do tend to look appetizing to uninformed investors during an equities route.
Second, the program is currently voluntary, but what if the plan is to make it mandatory? Obama has already signed mandatory health insurance “taxation” into law, which is meant to steal a portion of every paycheck. Why not steal an even larger portion from every paycheck in order to support U.S. debt? It’s for the “greater good,” after all.
Third, is this a deliberate strategy to corral the last vestiges of private American wealth into the corner of U.S. bonds, so that this wealth can be confiscated or annihilated? What happens if there is indeed an eventual debt default, as I believe there will be? Will Americans be herded into bonds by a crisis in stocks only to have bonds implode as well? Will they be conned into bond investment out of a “patriotic duty” to save the nation from default? Or, will the government just take their money through legislative wrangling, as was done in Cyprus not long ago?
The Final Swindle
Again, the next debt ceiling debate is slated for the end of this month. If the government decides to kick the can down the road for another quarter, I believe this will be the last time. The most recent actions of the Fed and the government signal preparations for a stock implosion and ultimate debt calamity. Default would have immediate effects in foreign markets, but the appearance of U.S. stability could drag on for a time, giving the globalists ample opportunity to siphon every ounce of financial blood from the public.
It is difficult to say how the next year will play out, but one thing is certain; something very strange and ugly is afoot. The goal of the globalists is to engineer desperation. To create a catastrophe and then force the masses to beg for help. How many hands of “friendship” will be offered in the wake of a U.S. wealth and currency crisis? What offers for “aid” will come from the IMF? How much of our country and how many of our people will be collateralized to secure that aid? And, how many Americans will go along with the swindle because they were not prepared in advance?
Source: Brandon Smith | Alt-Market
Urban War Zones are now a reality inside many American cities.
It’s no longer necessary to go to Iraq, Afghanistan or Africa to enter a real war zone and have to fight for your life.
Thanks to massive CIA drug trafficking and American Free-trade Treaties like NAFTA, CAFTA, GATT & WTO, many American inner cities have been transformed into actual war zones.
These inner city war zones are infested with drug gangs that outnumber police and out gun them too.
At present these gangs are typically competing and battling with each other for turf and making a living selling drugs and running prostitutes, some captive sex-slaves. At some point if the economy worsens and the SHTF, they could easily start looting and attacking anyone and everyone.
However, in every major city in America at present, violent urban predators prey on the unarmed, old, weak, sick or disabled. And while out of control Police Swat Teams battle these predators and drug gangs, they often tyrannize the innocent which include women and young children, using excessive force all too often. There are numerous incidents of such teams murdering innocents after attacking the wrong home.
The massive War on Drugs was designed as a dualistic program. One hand, the top secret part involves the USG bringing in massive amounts of illegal drugs to raise “off the books money” for covert ops. The other hand uses all serious gang crimes arising as a pretext to militarize the police as justify their deployment as Nazi Storm Troopers.
This second part of the War on Drugs is for public disclosure and consumption. In response to all this massive urban breakdown, the worsening economy and increasing government tyranny from the Department of Homeland Security, the TSA and out of control local police, Americans are arming at an astounding rate. Guns are literally flying off the shelves and ammo sales are at an all time high also.
Americans now arming up in mass in order to protect themselves from and this increasing USG Tyranny of the USG, DHS and their local militarized and Mind-kontrolled local police (1) and from increasing and spreading urban crime which includes robberies, car-jackings, home burglaries and home invasions.
Also given as an important reason for arming up for the first time when asked, is a fear of possible impending economic collapse with an associated SHTF occurrence. Many express a salient and absolute need to be able to protect themselves and/or their family members from possible looters and armed home invaders which would likely accompany a SHTF urban breakdown situation.
And who should be credited with creating such a foreboding urban environment? It is the Globalist Traitors and infil-Traitors who have hijacked the political process and Banking in America.
These Globalist “enemies within” have rammed through economically disastrous Free-Trade Agreements and forced Diversity, Perversions and Political correctness accompanied by massive immigration, most illegal. All this has been designed to destroy the borders, language and culture of America, to neutralize its Constitution, Bill of Rights and Rule of Law while transforming America into a economically distressed Third World Nation.
These Globalist enemies within the Gates have been working very hard to transform America into a Democracy (Mob rule by the masses) from the Republic which was set up by our Founding Fathers. Obviously any real enforcement of the US Constitution would assure that American would remain a republic the way it was set up.
Since the imposition of so-called “Free Trade” policies upon the American Republic, urban decay and blight have become epidemic in major American cities. Many cities have turned into Urban Jungles, where only the strongest survive. In these Urban Jungles, violent gangs prevail and the weak are parasitized and consumed, afraid to go out of their homes, especially after dark.
Take Chicago, which has become a “kill or be kill” free fire Urban War Zone in some of its Urban areas. Chicago is the one of the most gun restricted areas ever, but the only ones that do not carry guns to defend themselves are law abiding citizens.
Gang members have all the guns they want, supplied by drug gangs and the CIA and BATF.http://www.cbsnews.com/news/gang-wars-at-the-root-of-chicagos-high-murder-rate/
Some of these areas such as Washington DC have been rated as having a 300% chance of being mugged if out after dark in certain areas, which means you could likely be robbed three times in a single block if you have a victim profile (old, young, weak, disabled, female). The real unemployment rate is 37%, despite phony USG that it is 7% or less.(2)
And now Detroit has been declared Bankrupt. It has been reported that retired police and City workers will now receive approximately 13% of their pensions due.
The Ruins of Detroit:
The ten Most Dangerous American Cities which are truly Urban Jungles at Night:
There are areas in Detroit, South Chicago and St. Louis that are so violent and infested with violent gangs that even the police refuse to enter unless ordered and then do so with major forces.
Until recently parts of Detroit was so violent that police and ambulances refused to provide service during the night hours and often found abandoned dead bodies (murder victims) days later. Detroit, known as “Iron City”, the jewel of America, used to be prosperous beyond measure based on the manufacture of the world’s finest cars.
Remember what a 1965 Olds Starfire coupe was like, or a mid 60′s Buick Wildcat or Pontiac Bonneville was like. How about a mid 60′s Chevy with a HP409 engine or a Plymouth Belvedere with a 426 Hemi or 440 Wedge engine?
That all changed in 1971 with the introduction of very extreme anti-pollution “clean air” laws which reduced automotive engine compression ratios from approximately 10.5 to 8.5, required the installation of retarded, goofy extremely inefficient camshafts. The result was garbage engines that had little power, consumed huge increases in gasoline and a major shift in chassis quality to near complete crap. At that point American automotive quality was gone and is only starting to come back now forty years later.
This is but one symptom of the covert Globalist engineering of American Society on behalf of the City of London zionist Central Banksters.
This of course created a great opportunity for the Japanese Auto manufacturers, secretly owned and controlled by the super-elite American Banking families. When W. Edwards Deming, an astute American engineer approached American Automotive Manufacturers in Detroit and proposed his plan to drastically reduce defects and lemons, he was rebuffed because it was felt his plan was too expensive and too slow.
Deming’s plan required 100% quality checks and verification of all parts from every supplier instead of the approximately 1% or less sampling. When Deming approached the Japanese, who had already shown a new coming expertise in motorcycles and quality circles in their electronics manufacturing, his program was accepted and implemented.
The rest is history, and after about 15 years, the American Automotive manufacturers have been playing a catch up game ever since for quality with the Japanese Auto manufacturers.
And now the Korean Automotive Manufacturers have hired retired Japanese automotive engineers as consultants and have adopted many of their same practices and principals to their automotive manufacturing. The result?
Some Autos manufactured in South Korea have attained the same quality as the Japanese which are considered to currently be the highest quality in the world. As many automotive enthusiasts suggest, if you want the best performance buy German, if you want the highest quality buy Japanese.
It is a fair assumption that Globalism and the Free-Trade Agreements it produced, have resulted in the exportation of most American heavy industry, manufacturing and millions of good paying jobs. This alone has seriously harmed the American economy and set America on a path of destruction, starting first with its Urban Centers which have become urban wastelands and jungles, and now progressively spreading to middle class and upper middle class outlying suburbs.
Fair Trade with suitably adjusted reasonable Tariffs to protect American Jobs are necessary to America’s economic survival and prosperity. Free Trade is not Free at all and is an abomination to the American republic and its Sovereignty.
It is a tool of the Globalists to enhance the earnings of their international offshore Globalist corporations at the expense of the American worker. It is nothing less than a secret war against America’s Sovereignty and the Republic itself.
The only other globalist tactic to destroy America that approaches its effectiveness are the policies of unrestricted illegal immigration, forced diversity, cultural programming that perversion is good, required perversion programming in the public schools that it is normal, and political correctness.
Obviously these are all Globalist weapons of covert war waged against America to destroy its borders, language and culture and gut it economically. These Globalist weapons have been deployed against Americans in order to transform America into a Third World “Democracy” instead of the Republic that it was set up to be by the Founding Fathers.
These Traitors and Infil-Traitors in Congress and the Administration keep financing and running foreign wars for Israel in order to establish Democracy like they keep claiming we have in America. We have never had a democracy but they have been doing their best to kill the Republic on the behalf of their zionist owners and masters This is of course one of the biggest lies ever told.
America has always been a Republic, a democracy is mob rule. Of course bringing in 30-60 million illegal immigrants and millions of legally sanctioned foreign workers has quickly undermined American culture and tradition and established a real base to elect politicians who appeal to the masses. The election of President Obama was the first of such travesties.
Up until recently when American aircraft manufacturers starting buying foreign parts, American aircraft were the best in the world, especially the military aircraft and fighter/interceptors. Now we have an F-22 with a contaminated O2 system from China that causes some pilots to start passing out and a Boeing Dreamliner with a faulty battery system that was imported.
For years St. Louis has been so poor that some of their police radio don’t work properly and their squad cars are in disrepair. In East Los Angeles, despite how tough and well armed the LA Police Department is, top police officials know that they are completely outgunned by Mexican drug gangs allowed to enter and do business inside America and also provided arms shipped by the CIA and the BATF.
It’s not as if Americans weren’t duly warned what such Free-Trade Treaties would produce, because Presidential Candidate Ross Perot went public with what was coming. He described the effects as a “giant sucking sound” for American jobs as they would leave America in droves.
But despite Perot’s grave warnings, President George HW Bush signed NAFTA on Dec. 17, 1992 with full Congressional support. The NAFTA Treaty was ratified after Bill Clinton became President. Soon after the sucking sound started, with shocking support the the US Department of State which provided massive grants to major corporations to move manufacturing to Mexico. These grants continued at American taxpayer expense under the subsequent Trade Treaties that were subsequently signed and ratified such as CAFTA, GATT, and WTO.
Unbeknownst to most Americans, President Obama is now deeply involved in secret negotiations to pass the Trans Pacific Partnership Treaty (TPP) which experts have described as “NAFTA on Steroids”. TPP is far more than just another Free Trade Treaty which continues to lower the value of American wages to the “rock bottom” levels in third world countries. If signed and ratified by Congress, the TPP would be the complete end to any remaining American Sovereignty.
What established this frenzy for Free-Trade Agreements? It is now known that The last duly elected President of the United States of America was Ronald Reagan. It is also known by seasoned intel officers that Ronald Reagan distrusted American Intel in general and especially his Vice President George HW Bush.
In fact it has now been discovered that President Reagan distrusted the CIA and American Intel so much, he set up his “Kitchen Cabinet” and brought in Lee Wanta as his Secret Agent under the Totten Doctrine (3).
George HW Bush was illegally elected later as President, since his father Prescott Bush had signed an Immunity Agreement that no future Bushes (Scherfs) would ever run for office after he was arrested for “aiding the enemy” and his Union Bank assets were seized by FDR during WW2.
It is also known that George HW Bush ran his own private CIA inside the CIA which served the specific needs of the zionist City of London Central Banksters and their franchisees, the American private Federal Reserve and major Wall Street Banksters.
Some former top American Intel believe that it was this private GHW Bush Intel organization that tried to assassinate President Reagan, by using their man, a secret service man who fired a high speed plastic disc from a compressed air powered disc-gun, the type displayed by William Colby in Congressional Hearings on the abuses of American Intel.
PBS Judy Woodruff had reported this of seeing the SS man fire a gun from a second story window that night on PBS but the story was quickly squelched and she changed it after a very convincing “not to worry visit” from some very serious American Intel agents. President Reagan, despite a long slow disjointed route to the hospital, survived. This assassination attempt however signaled that the Treasonous Bush Cabal had attained a major power base inside the Military and Congress.
The sad thing is that all the political power and influence necessary to accomplish this and to transform the American Congress into Traitors was due to the vast money provided to K Street Lobbyists and zionist espionage groups like AIPAC, ADL, B’nai B’brith, and the like by the Central Banksters and the various Judaic groups shaken down and manipulated by zionist for donations.
So the first beach-head of the Globalists (aka zionist City of London Central Banksters and the “Old Black Nobility” they represented) was established with a bought, owned and controlled US Congress. Once GHW Bush was elected President, the circle of control was complete.
One of George W. Bush’s major assignments was to take American further down the Globalist path by fighting more Mideast wars for Israel. Another was to destroy the Republic party by being the worst President ever and fully debasing the Republican, which he did. Now the Republican leaders in Congress are tricking the Republican Party into committing suicide by agreeing to back the Democratic legislation for making illegal immigrants legal and future citizens.
So it is now obvious that the Republic Party is finished and Americans need to rise up and form a new Third Party. Otherwise you can be assured that just like in the last Presidential election, both candidates will be owned by the Bush Cabal.Unless the Bush Cabal has been fully exposed and displaced by then which is now real possibility.
It has been estimated that there are now approximately 30 million illegal immigrants inside Americaallowed in by a Globalist controlled USG who prevented border enforcement and liberal immigration laws which are not enforced. With the the passage of the currently proposed Democratic plan for legalizing illegal immigrants, this number could easily grow to 60 to 100 million.
In most major American Cities, Police are not allowed to arrest suspected illegal immigrants for minor traffic violations or check their identification for legal status. Not so for those whose license plates are run and show up as actual American Citizens. And this is all due to orders coming down from a few top policy-Makers who operate at the nexus of the Secret Shadow Government (SSG).
GHWB could now institute major efforts to undo all the excellent plans for the economic and industrial reconstruction of America that President Reagan had set in place and activated. As has been disclosed in a previous article (4), President Reagan had brought in Lee Wanta to serve as his Secret Agent because he didn’t trust the CIA which had been corrupted and hijacked by GHWB.
It should now be exceedingly clear to those who are well informed about the degradation of the American economy and rule of law accompanied by increasing tyranny, deployment of DHS, TSA and the passage of all the unConstitutional draconian laws (like the so-called Patriot Act, the Military Commissions Act, and NDAA 2014).
All this is being engineered by foreign controlled Globalist traitors and infil-Traitors who have hijacked America and worked hard to export heavy industry, manufacturing and jobs.
And that they are doing this to asset strip America, destroy it’s economy and the Republic itself in order to Balkanize America and prevent it from ever rising in economic strength again and operating as a Republic “of the people, by the people and for the people”.
Their motives for all this? To covertly re-fight the Revolutionary war that was lost and retake America on behalf of the zionist City of London Central Banksters and their Kingpin overlords the Old Black Nobility (OBN). These hidden masters of the world-wide occult network which runs the IZCS prefer to stay hidden in the background where they can pull all the strings of several top Policy-Makers in America with no personal risk to themselves.
What can be done to turn this around? Obviously the first step is to get rid of all Free-Trade Agreements. In order to do this all the zionist espionage fronts inside America such as AIPAC, ADL, B’nai B’rith and the like must be fully exposed and prosecuted to the fullest extent of the law. In order to do this zionist Israeli-American dual citizens inside Congress and the USG and its Agencies must be exposed as traitors and agents of foreign espionage and routed out of power.
America has to stop fighting Israel’s illegal Mideast wars and withdraw all aid and support for Israel as long as it is a criminal, racist apartheid state persecuting and murdering Palestinians and stealing their land incrementally.
Lee Wanta, a great American Heroe that served as President Reagan’s Secret Agent under the Totten Doctrine and was instrumental in bringing down the evil Soviet Union
We need to re-institute the Wanta Reconstructing America Plan based on the Maglev High Speed Rail System which has the necessary funding already available. (5)
And it is time to also re-establish the Want Economic Recovery Plan for America that was also set up under President Reagan, but later stopped cold by George HW Bush and his Cabal when they instituted a secret coup to take over the whole USG on behalf of the City of London zionist Central Banksters and their Wall Street and Federal Reserve Franchisees.(6)
In fact it is a reasonable assumption that the massive Free-Trade attack on America’s economy was largely a reaction by the Bush Cabal to these amazing economic reconstruction plans President Reagan had put in place through his Secret Agent Lee Wanta, who was the master strategist that took down the Soviet Union for President Reagan.
Recent respected surveys show that a majority of American are disgusted with the current administration and rating of the lowest ever experienced in America in the last century. Congress is also rated at an all time low with only 9% approving of it. Many view the current President as an alien imposter with no traceable past. Some alternative media writers have stated that he is a sheep-dipped CIA creation just like Bill Clinton. All this is a mute point. Why?
Because Ronald Reagan was the last duly elected President of the United States of America, the Republic, all presidents since have been fraudulently elected and owned by the Bush Cabal. And this Bush Cabal is the Action Agent of the City of London zionist Central Banksters and their International Zionist Crime Syndicate (IZCS).
The IZCS is centered in Israel where most intel is done by privatized Israeli corporations serving as American Defense and Intel contractors. It is these private Israeli contactors who control all NSA raw intel and almost all American communications including internal White House phone calls and messaging, as well as all Pentagon and DOD communications.
Obviously the Bush Cabal has been able to install its own Presidential puppets and run a lucrative illegal drug trafficking operations into America. All done to destabilize and “dirty up” American Cities while absorbing a great deal of the Welfare dollars and capturing vast “off the books” funds for their own covert operations and bribery of Congress. It is a fair conclusion that the Bush Cabal has destroyed the American Rule of Law, debased any true enforcement of the US Constitution and Bill of Rights and has corrupted every institution and agency of the USG.
However there is good news. A growing force for good has emerged in the Alternative Media now transmitted everywhere instantly on demand by the worldwide Internet, the new Gutenberg Press and the NWO Globalist’s Achilles Heel. Yes, the Controlled Mass media (CMMM) has been a propaganda mouthpiece for the Bush Cabal and the IZCS, but is now losing its appeal and credibility. The CMMM keeps feeding lies and crap to the American public that are obviously false, like the Mideast American wars are wars to establish Democracy. More and more Americans now realize this is complete BS, that we are there to fight Israel’s wars and defend British Oil interests.
Compare the articles of Veterans Today and other respected truth media now which are being published and read by millions inside America and all over the world with the CMMM. You will see the gap between the alternative media truth and the CMMM lies is ever widening and we are starting to see Alternative Media’s popularity driving stories into the CMMM, even thought the CMMM usually attempts to neutralize their significance.
Many thousands of brave American Soldiers who were lied to and deceived into fighting these illegal, unConstitutional, unprovoked, undeclared wars for Israel and Big Oil, thinking that they were defending America and its freedom. Few greater lies and deceptions has ever been predicated on Americans than this complete lie. Many thousands of Americans have been killed and horribly wounded and disabled in this war.
If the American Military ever fully realizes that all these wars were phony and based on a lie and that Israel did the 9/11 attacks with the help of a cabal within the USAF and JCS, there will be hell to pay for all those perps involved. And now there is good reason to believe that day is coming in the not too distant future.
As most Americans are beginning to realize, America has been infil-Traited by Traitors and Infil-Traitors in the highest positions of the USG. The major economic deterioration and loss of assets to the Wall Street Banksters and the private Federal reserve through financial Fraud have been staggering and Americans are catching on the the BLATANTLY OBVIOUS.
When American society reaches a critical mass awakening to this obvious situation that Globalists have been doing everything they can to destroy America, there will be major Blow-back of astounding proportions. When 12% of Americans are awakened, a critical mass and major turning point will be reached and you will begin to see major social change like never conceived, and this will all be due to major Blow-back from awakening.
The elites hate to acknowledge it, but when large numbers of ordinary people are moved to action, it changes the narrow political world where the elites call the shots. Inside accounts reveal the extent to which Johnson and Nixon’s conduct of the Vietnam War was constrained by the huge anti-war movement. It was the civil rights movement, not compelling arguments, that convinced members of Congress to end legal racial discrimination. More recently, the townhall meetings, dominated by people opposed to health care reform, have been a serious roadblock for those pushing reform…. A big turnout … can make a real difference….When someone tells you to stop imagining that you are having an impact, ask them to please direct their energy into getting 10 friends to join you in doing what needs to be done. If it has no impact, you’ll have gone down trying. If it has an impact, nobody will tell you for many years. (7)
This coming complete awakening will be due to information dispensed and diffused by the Alternative Media and the worldwide Internet as well as word of mouth. it is best viewed as a byproduct of a new and powerful emerging worldwide populism which has now reached the point it is unstoppable. One recent study has established 10% as a critical mass, turning point for Society.(8)
I believe we are already at 11% and when we reach 12%, the days of the Bush cabal will be dated. They know it too and are scared sh*tless. That is why they have been going for broke trying to ram the NWO down our throats and militarize local police and build up DHS to oppress and then mass murder us.
It’s time to speak up to all your family, friends and associates that we need to abandon the Republican and Democratic political Parties. Both parties are owned and controlled by the same Overlord, the IZCS who bought them and can blackmail them with NSA provided intel.
Former Minnesota Governor Jesse Ventura, who is also a Vet and a Navy Seal/UDT man had it right in his book of the Replican and Democrat Political Gangs in America, DemoCRIPS and ReBLOODlicans (9).
Gov. Ventura recommends Americans dump both political Parties which serve the same corrupt masters and start electing alternative candidates only who are not associated with either of the two parties.
It should now be exceedingly clear to those who are well informed about the degradation of the American economy and rule of law accompanied by increasing tyranny, deployment of DHS, TSA and the passage of all the unConstitutional draconian laws (like the so-called Patriot Act, the Military Commissions Act, and NDAA 2014), that all this is being engineered by foreign controlled Globalist traitors and infil-Traitors who have hijacked America and worked hard to export heavy industry, manufacturing and jobs.
And that they are doing this to asset strip America, destroy it’s economy and the Republic itself in order to Balkanize America and prevent it from ever rising in economic strength again and operating as a Republic “of the people, by the people and for the people”.
Their motives for all this? To covertly re-fight the Revolutionary war that was lost and retake America on behalf of the zionist City of London Central Banksters and their Kingpin overlords the Old Black Nobility (OBN). These hidden masters of the world-wide occult network which runs the IZCS prefer to stay hidden in the background where they can pull all the strings of several top Policy-Makers in America with no personal risk to themselves.
(3) TOTTEN DOCTRINE [ 92 U.S. 105, 107 (1875) ]
Source: Preston James | Veterans Today
There are times when hatred is a needed, logical and moral stance to take. Evil, injustice and corruption are fine examples of what to appropriately hate. For the overwhelming majority of people it is now rational to hate the super rich, notably the thousands of billionaires holding most of the world’s wealth and wielding power over political and economic systems. They have been successfully raping the global economy and while doing that have kept increasing their wealth as well as economic inequality afflicting ordinary people. One dollar, one vote describes the new reality.
Before discussing some basic reasons to hate the super rich consider some facts about them.
How many billionaires are there? According to the inaugural Wealth-X and UBS Billionaire Census 2013, the global billionaire population reached a record 2,170 individuals in 2013, with a combined net worth of $6.5 trillion. What happened after the most recent global economic meltdown? Some 810 individuals became billionaires since the 2009 global financial crisis. In other words, plain millionaires moved up to billionaire status.
But the super rich include many more than the billionaires, because the top one percent on the economic scale have monster size wealth, according to a new report Working for the Few. The one percent of the richest people in the world have $110 trillion. That equates to some 65 times the total wealth of the bottom half of the world’s population. But among the millions of the top one percent, the richest 85 people, true billionaires, have wealth equal to the bottom half of the world’s population. As to the US, the wealthiest one percent captured 95 percent of post-financial crisis growth since 2009, while the bottom 90 percent became poorer. That leaves 9 percent, about 30 million Americans, in the upper class that did very well as they strive to make it into the top one percent.
When people talk about economic, wealth or income inequality they are really talking about the incredibly small fraction of the richest people relative to the larger population that still are not sharing in the global jackpot, no matter how hard they work. Inequality means that money is not being fairly distributed. There have been times in history when prosperity was shared, as in the several decades after World War II.
No surprise that only 7 percent of Americans, according to a Gallup report, currently feel “very satisfied” with our nation’s distribution of income and wealth. Similarly, a new NBC/Wall Street Journal poll found that 81 percent of Americans believe the economy is working very or fairly well for the wealthy, compared to 22 percent for the middle class.
Why hate the super rich and the rising economic inequality that benefits them?
This distorted economic system means that democracy is more delusional than real. Consider this: Supreme Court Justice Louis Brandeis once said, “We may have democracy, or we may have wealth concentrated in the hands of the few, but we cannot have both.” Truly wise words.
The near total lack of public confidence in Congress, both major political parties and the whole political system by Americans goes hand-in-hand with the perverted economic system. You have every right to hate the super rich because for a long time in many visible and invisible ways they have intentionally manipulated the political system to create and maintain the unjust economic system. Their economic power gives them political power. Rather than one person one vote, think in terms of one dollar one vote.
Hate the super rich because their degree of wealth and power is obscene.
Hate the super rich because they persecute the vast majority of people worldwide. Some of the super rich play up their charitable activities, but that does not negate all the evil consequences of economic inequality on the daily lives of billions of people.
Hate the super rich because their greed is ungodly. If true democracy is to be restored, then Americans need to be much more than dissatisfied. They need to get more emotional. They need to hate. Then they must convert that hatred into political demands and actions.
The economy has been debilitated by the offshoring of middle class jobs for the benefit of corporate profits and by the Federal Reserve’s policy of Quantitative Easing in order to support a few oversized banks that the government protects from market discipline. Not only does QE distort bond and stock markets, it threatens the value of the dollar and has resulted in manipulation of the gold price.
When US corporations send jobs offshore, the GDP, consumer income, tax base, and careers associated with the jobs go abroad with the jobs. Corporations gain the additional profits at large costs to the economy in terms of less employment, less economic growth, reduced state, local and federal tax revenues, wider deficits, and impairments of social services.
When policymakers permitted banks to become independent of market discipline, they made the banks an unresolved burden on the economy. Authorities have provided no honest report on the condition of the banks. It remains to be seen if the Federal Reserve can create enough money to monetize enough debt to rescue the banks without collapsing the US dollar. It would have been far cheaper to let the banks fail and be reorganized.
US policymakers and their echo chamber in the economics profession have let the country down badly. They claimed that there was a “New Economy” to take the place of the “old economy” jobs that were moved offshore. As I have pointed out for a decade, US jobs statistics show no sign of the promised “New Economy.”
The same policymakers and economists who told us that “markets are self-regulating” and that the financial sector could safely be deregulated also confused jobs offshoring with free trade. Hyped “studies” were put together designed to prove that jobs offshoring was good for the US economy. It is difficult to fathom how such destructive errors could consistently be made by policymakers and economists for more than a decade. Were these mistakes or cover for a narrow and selfish agenda?
In June, 2009 happy talk appeared about “the recovery,” now 4.5 years old. As John Williams (shadowstats.com) has made clear, “the recovery” is entirely the artifact of the understated measure of inflation used to deflate nominal GDP. By under-measuring inflation, the government can show low, but positive, rates of real GDP growth. No other indicator supports the claim of economic recovery.
John Williams writes that consumer inflation, if properly measured, is running around 9%, far above the 2% figure that is the Fed’s target and more in line with what consumers are actually experiencing. We have just had a 6.5% annual increase in the cost of a postage stamp.
The Fed’s target inflation rate is said to be low, but Simon Black points out that the result of a lifetime of 2% annual inflation is the loss of 75% of the purchasing power of the currency. He uses the cost of sending a postcard to illustrate the decline in the purchasing power of median household income today compared to 1951. That year it cost one cent to send a post card. As household income was $4,237, the household could send 423,700 postcards. Today the comparable income figure is $51,017. As it costs 34 cents to send one postcard, today’s household can only afford to send 150,050 postcards. Nominal income rose 12 times, and the cost of sending a postcard rose 34 times.
Just as the American people know that there is more inflation than is reported, they know that there is no recovery. The Gallup Poll reported this month that only 28% of Americans are satisfied with the economy. http://www.gallup.com/poll/166871/americans-satisfaction-economy-sours-2001.aspx?version=print
From hard experience, Americans have also caught on that “free trade agreements” are nothing but vehicles for moving their jobs abroad. The latest effort by the corporations to loot and defraud the public is known as the “Trans-Pacific Partnership.” “Fast-tracking” the bill allowed the corporations to write the bill in secret without congressional input. Some research shows that 90% of Americans will suffer income losses under TPP, while wealth becomes even more concentrated at the top.
TPP affects every aspect of our lives from what we eat to the Internet to the environment. According to Kevin Zeese in Alternet, “the leak of the [TPP] Intellectual Property Chapter revealed that it created a path to patent everything imaginable, including plants and animals, to turn everything into a commodity for profit.”
The secretly drafted TPP also creates authority for the executive branch to change existing US law to make the laws that were not passed in secret compatible with the secretly written trade bill. Buy American requirements and any attempt to curtail jobs offshoring would become illegal “restraints on trade.”
If the House and Senate are willing to turn over their legislative function to the executive branch, they might as well abolish themselves.
The financial media has been helping the Federal Reserve and the banks to cover up festering problems with rosy hype, but realization that there are serious unresolved problems might be spreading. Last week interest rates on 30-day T-bills turned negative. That means people were paying more for a bond than it would return at maturity. Dave Kranzler sees this as a sign of rising uncertainty about banks. Reminiscent of the Cyprus banks’ limits on withdrawals, last Friday (January 24) the BBC reported that the large UK bank HSBC is preventing customers from withdrawing cash from their accounts in excess of several thousand pounds.http://www.bbc.co.uk/news/business-25861717
If and when uncertainty spreads to the dollar, the real crisis will arrive, likely followed by high inflation, exchange controls, pension confiscations, and resurrected illegality of owning gold and silver. Capitalist greed aided and abetted by economists and policymakers will have destroyed America.
Paul Craig Roberts was Assistant Secretary of the Treasury for Economic Policy and associate editor of the Wall Street Journal. He was columnist for Business Week, Scripps Howard News Service, and Creators Syndicate. He has had many university appointments. His internet columns have attracted a worldwide following. His latest book, The Failure of Laissez Faire Capitalism and Economic Dissolution of the West is now available.
Source: Paul Craig Roberts
“I was part of that strange race of people aptly described as spending their lives doing things they detest, to make money they don’t want, to buy things they don’t need, to impress people they don’t like.” ― Emile Gauvreau
If ever a chart provided unequivocal proof the economic recovery storyline is a fraud, the one below is the smoking gun. November and December retail sales account for 20% to 40% of annual retail sales for most retailers. The number of visits to retail stores has plummeted by 50% since 2010. Please note this was during a supposed economic recovery. Also note consumer spending accounts for 70% of GDP. Also note credit card debt outstanding is 7% lower than its level in 2010 and 16% below its peak in 2008. Retailers like J.C. Penney, Best Buy, Sears, Radio Shack and Barnes & Noble continue to report appalling sales and profit results, along with listings of store closings. Even the heavyweights like Wal-Mart and Target continue to report negative comp store sales. How can the government and mainstream media be reporting an economic recovery when the industry that accounts for 70% of GDP is in free fall? The answer is that 99% of America has not had an economic recovery. Only Bernanke’s 1% owner class have benefited from his QE/ZIRP induced stock market levitation.
The entire economic recovery storyline is a sham built upon easy money funneled by the Fed to the Too Big To Trust Wall Street banks so they can use their HFT supercomputers to drive the stock market higher, buy up the millions of homes they foreclosed upon to artificially drive up home prices, and generate profits through rigging commodity, currency, and bond markets, while reducing loan loss reserves because they are free to value their toxic assets at anything they please – compliments of the spineless nerds at the FASB. GDP has been artificially propped up by the Federal government through the magic of EBT cards, SSDI for the depressed and downtrodden, never ending extensions of unemployment benefits, billions in student loans to University of Phoenix prodigies, and subprime auto loans to deadbeats from the Government Motors financing arm – Ally Financial (85% owned by you the taxpayer). The country is being kept afloat on an ocean of debt and delusional belief in the power of central bankers to steer this ship through a sea of icebergs just below the surface.
The absolute collapse in retail visitor counts is the warning siren that this country is about to collide with the reality Americans have run out of time, money, jobs, and illusions. The most amazingly delusional aspect to the chart above is retailers continued to add 44 million square feet in 2013 to the almost 15 billion existing square feet of retail space in the U.S. That is approximately 47 square feet of retail space for every person in America. Retail CEOs are not the brightest bulbs in the sale bin, as exhibited by the CEO of Target and his gross malfeasance in protecting his customers’ personal financial information. Of course, the 44 million square feet added in 2013 is down 85% from the annual increases from 2000 through 2008. The exponential growth model, built upon a never ending flow of consumer credit and an endless supply of cheap fuel, has reached its limit of growth. The titans of Wall Street and their puppets in Washington D.C. have wrung every drop of faux wealth from the dying middle class. There are nothing left but withering carcasses and bleached bones.
The impact of this retail death spiral will be vast and far reaching. A few factoids will help you understand the coming calamity:
- There are approximately 109,500 shopping centers in the United States ranging in size from the small convenience centers to the large super-regional malls.
- There are in excess of 1 million retail establishments in the United States occupying 15 billion square feet of space and generating over $4.4 trillion of annual sales. This includes 8,700 department stores, 160,000 clothing & accessory stores, and 8,600 game stores.
- U.S. shopping-center retail sales total more than $2.26 trillion, accounting for over half of all retail sales.
- The U.S. shopping-center industry directly employed over 12 million people in 2010 and indirectly generated another 5.6 million jobs in support industries. Collectively, the industry accounted for 12.7% of total U.S. employment.
- Total retail employment in 2012 totaled 14.9 million, lower than the 15.1 million employed in 2002.
- For every 100 individuals directly employed at a U.S. regional shopping center, an additional 20 to 30 jobs are supported in the community due to multiplier effects.
The collapse in foot traffic to the 109,500 shopping centers that crisscross our suburban sprawl paradise of plenty is irreversible. No amount of marketing propaganda, 50% off sales, or hot new iGadgets is going to spur a dramatic turnaround. Quarter after quarter there will be more announcements of store closings. Macys just announced the closing of 5 stores and firing of 2,500 retail workers. JC Penney just announced the closing of 33 stores and firing of 2,000 retail workers. Announcements are imminent from Sears, Radio Shack and a slew of other retailers who are beginning to see the writing on the wall. The vacancy rate will be rising in strip malls, power malls and regional malls, with the largest growing sector being ghost malls. Before long it will appear that SPACE AVAILABLE is the fastest growing retailer in America.
The reason this death spiral cannot be reversed is simply a matter of arithmetic and demographics. While arrogant hubristic retail CEOs of public big box mega-retailers added 2.7 billion retail square feet to our already over saturated market, real median household income flat lined. The advancement in retail spending was attributable solely to the $1.1 trillion increase (68%) in consumer debt and the trillion dollars of home equity extracted from castles in the sky, that later crashed down to earth. Once the Wall Street created fraud collapsed and the waves of delusion subsided, retailers have been revealed to be swimming naked. Their relentless expansion, based on exponential growth, cannibalized itself, new store construction ground to a halt, sales and profits have declined, and the inevitable closing of thousands of stores has begun. With real median household income 8% lower than it was in 2008, the collapse in retail traffic is a rational reaction by the impoverished 99%. Americans are using their credit cards to pay their real estate taxes, income taxes, and monthly utilities, since their income is lower, and their living expenses rise relentlessly, thanks to Bernanke and his Fed created inflation.
The media mouthpieces for the establishment gloss over the fact average gasoline prices in 2013 were the second highest in history. The highest average price was in 2012 and the 3rd highest average price was in 2011. These prices are 150% higher than prices in the early 2000′s. This might not matter to the likes of Jamie Dimon and Jon Corzine, but for a middle class family with two parents working and making 7.5% less than they made in 2000, it has a dramatic impact on discretionary income. The fact oil prices have risen from $25 per barrel in 2003 to $100 per barrel today has not only impacted gas prices, but utility costs, food costs, and the price of any product that needs to be transported to your local Wally World. The outrageous rise in tuition prices has been aided and abetted by the Federal government and their doling out of loans so diploma mills like the University of Phoenix can bilk clueless dupes into thinking they are on their way to an exciting new career, while leaving them jobless in their parents’ basement with a loan payment for life.
The laughable jobs recovery touted by Obama, his sycophantic minions, paid off economist shills, and the discredited corporate legacy media can be viewed appropriately in the following two charts, that reveal the false storyline being peddled to the techno-narcissistic iGadget distracted masses. There are 247 million working age Americans between the ages of 18 and 64. Only 145 million of these people are employed. Of these employed, 19 million are working part-time and 9 million are self- employed. Another 20 million are employed by the government, producing nothing and being sustained by the few remaining producers with their tax dollars. The labor participation rate is the lowest it has been since women entered the workforce in large numbers during the 1980′s. We are back to levels seen during the booming Carter years. Those peddling the drivel about retiring Baby Boomers causing the decline in the labor participation rate are either math challenged or willfully ignorant because they are being paid to be so. Once you turn 65 you are no longer counted in the work force. The percentage of those over 55 in the workforce has risen dramatically to an all-time high, as the Me Generation never saved for retirement or saw their retirement savings obliterated in the Wall Street created 2008 financial implosion.
To understand the absolute idiocy of retail CEOs across the land one must parse the employment data back to 2000. In the year 2000 the working age population of the U.S. was 213 million and 136.9 million of them were working, a record level of 64.4% of the population. There were 70 million working age Americans not in the labor force. Fourteen years later the number of working age Americans is 247 million and only 144.6 million are working. The working age population has risen by 16% and the number of employed has risen by only 5.6%. That’s quite a success story. Of course, even though median household income is 7.5% lower than it was in 2000, the government expects you to believe that 22 million Americans voluntarily left the labor force because they no longer needed a job. While the number of employed grew by 5.6% over fourteen years, the number of people who left the workforce grew by 31.1%. Over this same time frame the mega-retailers that dominate the landscape added almost 3 billion square feet of selling space, a 25% increase. A critical thinking individual might wonder how this could possibly end well for the retail genius CEOs in glistening corporate office towers from coast to coast.
This entire materialistic orgy of consumerism has been sustained solely with debt peddled by the Wall Street banking syndicate. The average American consumer met their Waterloo in 2008. Bernanke’s mission was to save bankers, billionaires and politicians. It was not to save the working middle class. You’ve been sacrificed at the altar of the .1%. The 0% interest rates were for Jamie Dimon and Lloyd Blankfein. Your credit card interest rate remained between 13% and 21%. So, while you struggle to pay bills with your declining real income, the Wall Street bankers are again generating record profits and paying themselves record bonuses. Profits are so good, they can afford to pay tens of billions in fines for their criminal acts, and still be left with billions to divvy up among their non-prosecuted criminal executives.
Bernanke and his financial elite owners have been able to rig the markets to give the appearance of normalcy, but they cannot rig the demographic time bomb that will cause the death and destruction of our illusory retail paradigm. Demographics cannot be manipulated or altered by the government or mass media. The best they can do is ignore or lie about the facts. The life cycle of a human being is utterly predictable, along with their habits across time. Those under 25 years old have very little income, therefore they have very little spending. Once a job is attained and income levels rise, spending rises along with the increased income. As the person enters old age their income declines and spending on stuff declines rapidly. The media may be ignoring the fact that annual expenditures drop by 40% for those over 65 years old from the peak spending years of 45 to 54, but it doesn’t change the fact. They also cannot change the fact that 10,000 Americans will turn 65 every day for the next sixteen years. They also can’t change the fact the average Baby Boomer has less than $50,000 saved for retirement and is up to their grey eye brows in debt.
With over 15% of all 25 to 34 year olds living in their parents’ basement and those under 25 saddled with billions in student loan debt, the traditional increase in income and spending is DOA for the millennial generation. The hardest hit demographic on the job front during the 2008 through 2014 ongoing recession has been the 45 to 54 year olds in their peak earning and spending years. Combine these demographic developments and you’ve got a perfect storm for over-built retailers and their egotistical CEOs.
The media continues to peddle the storyline of on-line sales saving the ancient bricks and mortar retailers. Again, the talking head pundits are willfully ignoring basic math. On-line sales account for 6% of total retail sales. If a dying behemoth like JC Penney announces a 20% decline in same store sales and a 20% increase in on-line sales, their total change is still negative 17.6%. And they are still left with 1,100 decaying stores, 100,000 employees, lease payments, debt payments, maintenance costs, utility costs, inventory costs, and pension costs. Their future is so bright they gotta wear a toe tag.
The decades of mal-investment in retail stores was enabled by Greenspan, Bernanke, and their Federal Reserve brethren. Their easy money policies enabled Americans to live far beyond their true means through credit card debt, auto debt, mortgage debt, and home equity debt. This false illusion of wealth and foolish spending led mega-retailers to ignore facts and spread like locusts across the suburban countryside. The debt fueled orgy has run out of steam. All that is left is the largest mountain of debt in human history, a gutted and debt laden former middle class, and thousands of empty stores in future decaying ghost malls haunting the highways and byways of suburbia.
The implications of this long and winding road to ruin are far reaching. Store closings so far have only been a ripple compared to the tsunami coming to right size the industry for a future of declining spending. Over the next five to ten years, tens of thousands of stores will be shuttered. Companies like JC Penney, Sears and Radio Shack will go bankrupt and become historical footnotes. Considering retail employment is lower today than it was in 2002 before the massive retail expansion, the future will see in excess of 1 million retail workers lose their jobs. Bernanke and the Feds have allowed real estate mall owners to roll over non-performing loans and pretend they are generating enough rental income to cover their loan obligations. As more stores go dark, this little game of extend and pretend will come to an end. Real estate developers will be going belly-up and the banking sector will be taking huge losses again. I’m sure the remaining taxpayers will gladly bailout Wall Street again. The facts are not debatable. They can be ignored by the politicians, Ivy League economists, media talking heads, and the willfully ignorant masses, but they do not cease to exist.
“Facts do not cease to exist because they are ignored.” – Aldous Huxley
Source: The Burning Platform
The tradeoff for cheap goods and financial cronyism is coming back in a big way…
There is always a tradeoff in economics. The adage about a free lunch comes to mind to the rise of low wage capitalism in America. It is a complicated web driven by financial cronyism and a system largely driven by ignoring the plight of the working class. The story of US manufacturing is probably one tiny example of how we exported our middle class in exchange for cheaper goods and a massive amount of income inequality at the top. Yet there is a winner here as well. While the US middle class is shrinking the middle classes of China and India are growing and so is ourincome inequality. This trend tends to grow the economies overseas bus has placed a large burden on the unskilled and working class in the US. This is possibly an inevitably given the global nature of our markets. When you get addicted to low cost goods, you may find yourself in a race to low wage capitalism. In the US and Europe people would not take on the jobs that pay near wage-slave levels and have terrible working conditions in countries that are now booming. While the top wage earners in the US are doing fantastic protected by Wall Street and Washington D.C. (many are diversified across the world), those who get paid in US dollars and come from the working and middle class are having a tough time adapting. The tradeoff has been coming home to roost in a big way.
A low wage bias
While the recession ended in the summer of 2009, the jobs that have been added since then have largely tended to favor low wage employment. Hard to export cashiers and food service workers (although the industry is getting closer to automating those jobs as well). Nothing happens at once. The gradual erosion of the working and middle class goes back a generation. So it is no surprise that this recovery has largely been one of low wage employment. This is why young American workers are in such a tough position with student debt, wages, and being able to purchase a home.
The low wage hiring bias is evident:
A large amount of hiring has come in the form of lower paying and temporary work. You might say this is simply the modern way of things. Yet the massive financial bailouts during the crisis have protected the financiers of Wall Street to the point that they are fully recovered. The crisis occurred largely because they systematically gambled America away by creating instruments of debt to implode the economy. Some hedge funds actually made wealth by betting America’s economy would fail and encouraged the pushing of additional bad mortgage debt to increase their gains when things went bust.
The problem of course is that we have a system where austerity is the new game in town for working and middle class Americans while the financially connected get to fail and put the bill on those who least can afford it. Take a look at the drop in manufacturing jobs and the growth of our financial sector:
In 1960 you had roughly 8 manufacturing jobs for each one in finance. Today this is less than 2 manufacturing jobs per each job in finance. In the real economy, we still purchase goods that have to be made (i.e., cars, real estate, etc). Yet we have a giant industry that for the most part, is rent seeking. Is high frequency trading making things better? What about the crazy unrestricted derivatives market? With real estate most of the recent sales are going to investors. In other words, the shifting of current real assets in the world into the hands of fewer people.
Even in the once stable construction field, we see weak job growth in spite of a booming real estate market.
Why? Because most of the trading is going to investors looking for deals, not new families pushing for new demand on new homes. New home sales are still weak. Of course that should be expected when the typical American worker is making something like $27,000 a year and the median household income is $50,000 a year. Adjusting for inflation, this is now back to levels last seen in the 1980s:
The tradeoff has been tough but people like cheap goods. It is easy to offshore this development and have workers on the other side of the world work for menial wages so people can buy cheap goods. Yet at a certain point, the market hits an equilibrium and the pain comes back home. Once this happens it can be very quickly as we are seeing now with the middle class being hollowed out. At least we’ve done a good job exporting our middle class outside of the US.
Source: My Budget 360
“I’ve gotten some of my best light from bridges I’ve burned.”– Don Henley
What does it take, in an era dominated by progressive identity politics, to be accepted as a fully qualified member of the Left?
Jane is a London lawyer who identifies politically ‘as a woman,’ and marches enthusiastically for human rights. Can she join? I think the answer is yes, she can.
George is a medical doctor who happens also to be a black man and identifies as ‘Black middle class.’ Can he subscribe to a progressive email group and contribute to the discussion? I hope and suspect that he can.
And what about Julie? She runs an estate agency on the posh side of town but she also identifies as a ‘gay lesbian,’ can she join the parade? What a question! Of course she can.
Now Abe is an accountant and very attached to his Jewish heritage. Abe identifies as a ‘secular Jew,’ can he join the anti-war movement? More than likely he can, in fact he may even, within hours of his joining, find himself in a position of leadership.
But what about Hammed, a metal worker from Birmingham? Hammed identifies as a ‘Muslim’ — can he join a Left demonstration against the War in Syria? It’s a good question and the answer is not immediately obvious at all because it’s no secret that many of those who subscribe to ‘progressive’ ideology and indeed, activism, are rather troubled by religion in general and Islam in particular.
So, while Hammed is identifying with a universal and humanist precept, Jane, ‘the woman’, Julie ‘the Gay Lesbian’ and George ‘the Black’ openly subscribe to biologically-determined political identities. Furthermore, Abe, Identifying as a secular Jew, affiliates himself with a blood-based ethnocentric tribal identity. Clearly, the Left has no problem with such marginal and exclusivist political identities.
So, how is it possible that the contemporary Left discourse is sustained by people who, themselves subscribe to biologically-determined identity politics, yet so often reject similar, though often working class folk, who actually support equality and human rights issues? Could it be that the Left has in fact, drifted away from working class politics into some vague and inconsistent pseudo-empathic discourse primarily engaged in sectarian battles?
And there’s more.
Uri is an Israeli peace activist and writer who also identifies as an Israeli Leftist. Is Uri welcome within the progressive network? The answer is unreservedly, yes. But John Smith, an English bus driver from Liverpool is proud to be English and ‘as an Englishman’ he opposes the war because John actually believes that peace is patriotic. Can he join an anti-war protest and, while he’s at it, carry a Union Jack to demonstrations? I leave the answer to you.
Tony is a ‘Jewish Socialist’ – certainly not religious but an ethnic Jew who identifies ‘as a Jew’ racially and ethnically. And by the way, Tony also operates politically within Jews-only anti-Zionist groups. Now Tony is hugely welcome at most Left and progressive gathering. But can the same be said for Franz who identifies as an ‘Aryan socialist’? Again, I leave the answer to you.
The point is that yet again we detect a critical discrepancy in Left or progressive thinking. While Jewish ethnocentrism and even Jewish racial exclusivity is accepted, other forms of ethnocentrism are bluntly rejected. Is this a contradiction? You judge.
And, while we’re at it, what about Laura? She’s a Muslim convert who often hides her face behind the veil. Does she feel comfortable in ‘progressive’ gatherings? Not really. But Laura certainly supports human rights and equality almost as much as she loves Allah. But the Left’s and progressives’ tolerance towards Allah worshippers is particularly limited while, on the other hand, worshippers of the Talmud who are willing to oppose Israel are, not only tolerated, they are positively welcomed. Torah Jews, for instance, are often invited to progressive gatherings though, it must be said, they also encounter some resentment, especially from Jewish activists (This surely is because progressive Jews don’t like to be associated with people in caftans).
So it seems that membership of a progressive club is no straightforward matter because here we are here dealing with a discourse that is far from being open or inclusive. On the contrary, it is a pretty selective operation and far from being principled, coherent or universal. No longer is it committed to ‘members’ of the ‘working class’ – unless they first demonstrate adherence to a predetermined tablet of ‘correct politics’.
So what are these ‘correct politics’? Where are they defined and by whom?
In order to address this question we have to first delve into the peculiar ‘progressive’ threshold that leaves the Muslim and the nationalist out yet happily embraces other biologically-determined political, and even racial categories. Strangely enough, the mix that forms the Left alliance is suspiciously similar to the mix that sustains Liberal Zionist political power.
Is this a coincidence? Is it really that surprising that the Left, traditionally defined as a universal humanist discourse, is now supported politically and financially by a mixture of political identities that also lend their support to Israel and its rabidly nationalist, capitalist and ethnocentric ideology? No, it’s not, so I guess that the growing similarity between the Left and Liberal Zionism alliance demands some explanation. I’ve managed to come with three possible answers.
1. The Spin – The similarity between the Liberal Zionist alliance and the Left compound is a complete coincidence and reveals nothing about either Zionism or Left ideology.
2. The Observant – The Left and Liberal Zionism are basically two faces of the same coin.
3. The Forensic – By following the money trail, we see that most Left groups and liberal Zionism (a la J-Street and practically the entire progressive network) are funded by the same organizations, leading amongst them being George Soros’ Open Society Institute.
If the last is true (and I think it is) it may as well mean that a large part of the ‘dissident’ network is sustained by….wait for it… a Wall Street hedge fund. In other words we are dealing here with an institutional and well-funded controlled opposition apparatus. This may explain, what so often seems on the part of the Left and Progressive discourse generally, like complete dysfunction and utter impotence – whether in labour matters, domestic politics, foreign affairs, global wars and, of course, Palestine.
If the Left sees any reason to rescue itself — and this is indeed a big ‘if’ — it would first have to redeem itself from its greed and attachment to ‘big money.’ It may have to redefine for itself exactly what labour and ‘working class politics’ means for the workless.
Of course, it may just be that the Left has ended its political and ideological role, that basically, it belongs to the past. In other words, our capacity to think universally and ethically is now completely liberated from dialectical materialism or class division.
In the end, I doubt whether anyone within the progressive network possesses the intellectual capacity and ideological stamina to endure such a serious discussion.
I guess we’d just better move on.