The Super Rich Reinvent U.S. Capitalism

As U.S. corporate profits soar to record highs, food stamps for the neediest were quietly cut. The politicians who are demanding endless cuts to social programs — Democrats and Republicans alike — insist that the U.S. is broke, all the while conveniently ignoring the mountains of tax-free wealth piling up in the pockets of the super rich.

This newest flood of cash for the nation’s wealthiest 1% is a blatant government subsidy: the Federal Reserve continues to pump out an extra $75 billion a month, the vast majority of which fattens the already-bursting overseas bank accounts of the rich. Since Obama has been president this pro-corporate policy has helped funnel 95 percent of the nation’s new income to the wealth-soaked rich.  

And while it’s true that the global super rich have an estimated $32 trillion [!] stashed away abroad in off shore tax havens, an even newer way to avoid taxes has gripped the endlessly-greedy minds of U.S.-based billionaires.

Instead of shielding themselves behind the classic ‘C’ corporation structure — and all the burdensome taxes and regulations associated with it — two-thirds of new corporations have “evolved” into pseudo-legal “partnership” structures, commonly referred to as “pass throughs,” the idea being that the corporate-partnership instantly passes the profits through to the shareholders, no corporate tax necessary.

The most common form of pass throughs are “innovative” variations of a Limited Liability Company, a tax structure created in 1975 for narrowly regulated purposes. But now rich investors are performing accounting and legalistic somersaults to exploit the tax structure, practices that were illegal before the regulators were “captured” by the big banks.

The pro-billionaire Economist magazine recently discussed the pass through fad:

“A mutation in the way companies are financed and managed will change the distribution of the wealth they create…The corporation is becoming the distorporation…More businesses are now twisting themselves into forms that allow them to qualify as pass throughs.”

So, for example, imagine that nine rich guys get together and call themselves a pass through corporation of some variety. They do this because they want to avoid personal liability in case things go awry. Their partnership only buys and sells stocks and goes on to make billions, while paying zero corporate taxes. When their risky bets go bust and the partnership is sued by hoodwinked investors, the company instantly declares bankruptcy, since all profits were quickly “passed through.” The partners (the nine guys) cheerfully go home to swim through their sea of cash.

In real life shady pass throughs make massive wealth. Richard Kinder, who co-founded the biggest pass through, named Kinder Morgan, personally received $376 million in dividends last year alone [!], according to the Economist.

The pass through fad is on track to becoming the dominant way that the super rich get together to make huge amounts of money — pass throughs were 63 percent of all corporate profits in 2008, and are likely higher now, since many of the big private-equity companies making a killing by the cheap fed dollars are organized under pass through umbrella structures.

There is a huge society-wide risk for this type of behavior, which resembles the reckless gambling that destroyed the economy in 2008. As an ever-larger share of wealth is poured into these risky, non-regulated vehicles, the potential grows for them to self-destruct and pull down the broader economy with them. Pass throughs — which include most private-equity firms — function “efficiently” when the government is handing them cheap money; when interest rates go up, the pass throughs go bust, with predictable outcomes.

“But wait,” the billionaire will protest, “we pay individual taxes, which help fund social services.” Not necessarily. If the billionaire investor paid their legal obligation of “capital gains” taxes, they’d already be paying far less than the average worker. But the pass-through billionaires excel at avoiding all taxes. The Economist again:

“For a [pass through] partner a payout can be considered merely a return of capital rather than a profit, and consequently no tax is due until the sale of the underlying security. When tied to nuances of estate law, this may mean no tax at all.”
This type of blatantly criminal behavior used to be actually illegal, but as Wall Street bought Congress, the rules were either bent or ignored.

The Economist explains:

“The limitations on becoming [a pass through] seem to be tied more to legal dexterity [!] and influence [buying politicians] than any underlying principle. Politicians want to extend the benefits of [pass through] partnerships to industries they have come to favor either on the basis of ideology [of the corporate type], or astute lobbying [bribery], or a bit of both.”

The rest of society is affected because public services are being starved of funds, while these new pass throughs face vastly less regulation than the standard C corporations, and push wealth inequality to new heights while threatening a deeper recession.

Historically, government began regulating corporations because everyone realized the profound effects these institutions were having on the rest of society; the nation was becoming more unequal, the labor force more exploited and the environment torn to shreds.

As the super wealthy organized themselves into corporations they took most of society’s wealth with them; government realized that a semi-functioning country would need to tax these institutions and regulate their behavior, since the “natural” behavior of the capitalist — greed — was capable of pushing the rest of society into the dregs.

The new pass through fad is also indicative of the current state of U.S. capitalism; instead of investing profits in a company to buy machines or hire new workers, all the cash is either sitting in overseas bank accounts, or is being instantly funneled, via pass throughs, into the hands of ever-richer billionaires, who are proving to everyone that there is no bounds to the amount of cash they can accumulate. Where there are barriers to accumulation (regulations and taxes), they will supersede them while paying politicians of both major parties to ignore it or make it legal.

This dynamic occurs, in part, because the wealthy are basically refusing to invest in the real economy, as they fear the unstable economic conditions are not safe enough to make long term investments, which they believe won’t yield long term higher rates of profits. Safer to speculate on risky stocks, pocket the money and be the first one out when things go bust, as they did in 2008.

Of course the big name C corporations are up to their eyes in fraud too. Apple made big news when it only paid 2 percenttaxes on $74 billion in profits, by “declaring” its profits in Ireland, a corporate tax haven.

This occurs while other giant companies simply use clever accounting tricks to pay zero taxes, including giants like WellsFargo, Boeing, Verizon and General Electric. In fact, General Electric even finagled a rebate.

When it comes to oversea tax havens, it’s estimated that the U.S. national budget is annually starved of $280 billion in tax revenue. 

Politicians have been struggling with ways to deal with the problem, since even in their mind some amount of tax collection needs to happen, if only to fund the military, provide more subsidies to corporations, and please the public by appearing to try to reduce the billionaire’s obscene behavior.

One popular idea among the politicians is to declare a corporate “tax holiday,” where the trillions of off-shore profits can be ceremoniously brought back to the U.S. while the feds look the other way. The idea is that, once the money is actually back in the U.S., the wealthy will want to spend it on something which will eventually help the economy — trickle down economics at its finest.

What seems certain to happen is that lowering corporate taxes will be a central piece of any “grand bargain” that eventually emerges, since there is a clear bi-partisan consensus that corporations need to pay lower taxes.

Some argue that if corporate taxes are low enough — and regulations removed — the corporations will reward the nation by not stockpiling their profits abroad and not creating pass through loopholes.

Of course all of this implies that the wealthy have a stranglehold over the U.S. economy. It’s telling that politicians want to deal with corporate tax evasion by lowering the corporate tax rate, instead of actually sending the IRS after them and throwing them in jail, as they do with working and middle class people.

The above dynamics create an ever-increasing wealth inequality that claws at the thinning strings holding society together. The bankruptcy and social disintegration of Detroit is a foreshadowing event for the rest of the country, unless this dynamic is stopped.

When the next crash happens the nation will have learned its lessons: the big banks and wealthy investors who destroyed the economy in 2008 are back at it, encouraged by Obama’s pro-corporate behavior and the Federal Reserve’s money flooding.

It’s becoming increasingly obvious that breaking the power of the super wealthy is the first step towards balancing the budget, job growth, protecting the safety net, and creating a semblance of a rational society. Until then the U.S. will lurch from one crisis to another, while blaming everyone but the real culprits.

Empire Building, The Debt Ceiling, The Budget Deficit & The Samson Solution

US and world political and economic leaders are faced with what they describe as a ‘systemic catastrophe’: the inability to pay global creditors, including domestic and foreign banks, investors and governments, who hold $16.7 trillion in US Treasury notes. There is a related crisis: the government cannot secure passage of a budget to finance its military and civilian agencies and activities, including large-scale payments to military contractors, the financing of business, agriculture and banking operations and social programs.

The raising of the debt-ceiling is central to the functioning of the financial ruling class as it extracts hundreds of billions of tax dollars in interest payments from the US Treasury. Raising the debt ceiling allows the State to keep borrowing and pay its billionaire creditors. In turn, as long as the US Treasury has liquidity, it remains a ‘safe haven’ for investors thus providing guaranteed profits. In addition, as long as the dollar remains the principle currency for global transactions, it allows the US Treasury to print money at will and to borrow at a lower cost – at the expense of its competitors and adversaries.

Financing the budget deficit requires borrowing, which involves the sale hundreds of billions of dollars worth of US government bonds through Wall Street – but at a cost to the taxpayer. The common denominator is that the entire edifice of finance capital and all of its support structures depend on debt financing by the State. By borrowing and then taxing its citizens the Treasury extracts wealth from the vast majority of Americans.

To understand the fight to raise the debt ceiling and to pass a deficit budget it is necessary to analyze the long-term, large-scale sources of State debt.

Imperial Wars, the Ascendancy of Finance Capital and the Debt Crisis

The ever-increasing debt and the constant raising of the debt ceiling is a result of long-term, large-scale military spending to build the US Empire. The imperial enterprise has generated a huge deficit: the cost/benefit ratio has been overwhelmingly negative. Contrary to militarist propaganda, the empire has not been ‘self-financing’: Wars and occupation in Iraq, Afghanistan and elsewhere have cost the US taxpayers trillions of dollars, not off-set by incoming imperial plunder or domestic economic expansion.

Parallel to the cost of wars and occupations, the rise of finance capital has largely resulted from the pillage of the US Treasury. Huge bailouts, low interest loans, large-scale interest payments on bonds, subsidies and tax exemptions have created a financial ruling class based on maintaining a debt-laden, interest-paying State, which meets its obligations to the creditors while it privatizes (and eliminates) social programs. The result is a ‘poor indebted State’ and a rich and prosperous Wall Street. Wall Street stands to gain trillions with the privatization of the multi-billion dollar health (Medicare) and retirement plans (Social Security): this will form an integral component of the “Grand Bargain” to raise the debt ceiling.

Who are the Beneficiaries of Raising the Debt Ceiling?

The principle and immediate beneficiaries of increasing the debt ceiling are the wealthy, bond-holders and the medium and long-term beneficiaries are the military-intelligence-empire-builders who can continue to secure over $700 billion in annual budget allocations. The principle strategic losers from raising the debt ceiling will be the hundreds of millions of beneficiaries of social programs like Social Security, Medicare and Medicaid and their family members. As part of the ‘Grand Bargain’ struck by the Democratic President and Republican Congress ­ between $1.3 trillion and $1.4 trillion in social cuts will take effect over the next ten years, according to the Congressional Budget Office. The cuts in Social Security will occur by raising the age of eligibility for full benefits to 70 years, resulting in a loss of $120 billion, as many older retired workers would be expected to die before drawing a single payment while millions of Americans will be forced to delay retirement and work an extra five years.

Secondly, the earliest age of eligibility for partial benefits will increase from 62 to 64 years ­ resulting in an additional loss of $144 billion dollars from workers.

Thirdly, the cost of living index would be reduced – a ten- year loss of $112 billion dollars.

Fourthly, the calculation for initial benefits would discard the wage-based method for a so-called “price-index”, resulting in American workers losing another $137 billion dollars over 10 years. In sum, workers’ social security benefits would be reduced by more than half a trillion dollars ­ an enormous transfer of wealth to the billionaire creditors, investors and empire builders ­ all in the name of ‘debt reduction’.

The cuts in MEDICARE and MEDICAID would result in an even more retrograde class polarization. The ‘Grand Bargain’ could lead to additional losses of over $419 billion dollars.

The biggest cost to the workers will come in the form of an increase in their monthly premium for physician services (MEDICARE Part B) from the current 25% to 35%, resulting in a loss of $241 billion dollars. The second biggest loss to workers will result from raising the age of eligibility for MEDICARE from 65 to 67 years costing workers an additional S125 billion dollars. The third loss for workers will be a $53 billion hit from restricting the use of MEDIGAP insurance – supplementary policies that cover MEDICARE cost sharing requirements.

Further cuts of $187 billion in MEDICAID– the medical plan for the poor and disabled– would result when the federal government shifts its direct funding to block grants to the states that would severely cut services for the poor – a plan first proposed during the Clinton Administration with regard to welfare funding.

Once these reactionary cuts in basic social programs are in place, the beneficiaries, who are able, will be forced to buy alternative supplementary private medical insurance and private retirement plans, while the poor will go without. The running down of public social services by Wall Street has been a deliberate, cynical strategy to cause popular discontent paving the way for the gradual privatization of services: adding costs, eliminating options and limiting medical treatment, surgery and procedures, especially for the elderly. The privatization of Social Security, MEDICARE and MEDICAID, will maximize insecurity while minimizing services and lead to untreated and under-treated illness, greater suffering and economic distress. Bi-partisan Congressional ­White House agreements via the “Great Bargain” to raise the debt ceiling will widen and deepen inequalities in the United States.

In sum, “the Grand Bargain” will cause American workers to lose over $1.119 trillion dollars over the next 10 years, leading to a sharp decline in life expectancy, access to health care, living standards and quality of life.

The Samson Solution

Given the harsh terms, which accompany the “Grand Bargain” to raise the debt ceiling, it would be better if no agreement were reached. The financial elite is counting on the ‘Grand Bargain’ to leverage their debt collection over the lives and welfare of hundreds of millions of Americans. It would be better to shake the pillars and pull down this Temple of Mammon (the ‘Samson Solution’) making them pay a price!

The ‘shock and awe’ induced by default would shake the very foundations of the financial pillage of the US Treasury and the taxpayers; default would seriously undermine the financial basis for imperial wars, spying, torture and death squads. The entire empire building project would crumble.

True, in the short-run, the workers and middle class would also suffer from a default. But the discredit of the ruling political parties, the political elite and Wall Street, could lead to a new political alignment, which would fund social programs by, in David Stockman’s phrase, “soaking the rich” ­ raising corporate taxes by 50%, imposing a financial transaction tax of 5%, uncapping the social security tax and collecting taxes on overseas US multi-nationals’ profits. Additional billions would be saved by ending imperial wars, closing bases and canceling military contracts. Tax reform, imperial dismantlement and increased domestic investment in productive activity would generate domestic growth leading to a budget surplus, extending MEDICARE to all Americans, reducing the age of retirement to 62 and providing a living wage for all workers!

Source: James Petras

Wall Street Bosses Run America

They’re more powerful than standing armies. What they say goes. They decide policy. They rule the world. They do it by controlling money, credit and debt.

They manipulate markets for self-enrichment. Grand theft is official Wall Street policy. Government officials wink, nod, and permit the grandest of grand larceny to persist.

Financial giants recycle their executives in and out of Washington. They strip-mine economies for profit. They buy politicians like toothpaste. Whatever they want they get.

They do it at the expense of government of, by and for everyone equitably and just.

On October 2, 15 financial lords met with Obama. They did so at the White House. They gave him their marching orders.

They came to assert their demands. They’re uncompromising. They’re ruthless. They want business as usual continued. They want more than ever.

They want more bailouts. They want bail-ins. They want personal bank accounts, pensions and other assets looted.

They want more crushing neoliberal harshness. They want America thirdworldized. They want it looking like Greece.

Budget and debt ceiling debates conceal their ugly agenda. What’s ongoing is a longstanding orchestrated swindle. Bipartisan complicity supports it.

Social America is on the chopping block for elimination. Another grand bargain plans it. Expect it once current theatrics end.

The worst of what’s coming could begin in weeks. Harder than ever hard times will follow.

Obama expressed support for deeper Medicare and Social Security cuts. He’s on board for weakened social protections overall.

Partisan warfare is more subterfuge than real. Both parties fundamentally agree. They want New Deal/Great Society policies entirely ended.

Wall Street bosses demand it. They want to feed more aggressively at the public trough than already. They want money gotten used to make more of it.

They want it stolen from ordinary people to make doing so easier. Obama and congressional leaders are their hired hands.

They’re complicit. They’re on board to eliminate “unnecessary” social programs. He want them entirely eliminated. They’re dismantling them incrementally.

Social Security, Medicare, Medicaid and public pensions are prime targets. Planned death is by a thousand cuts. It’s the new normal. It’s by letting Wall Street profiteers control these programs.

So-called “creeping normalcy” is defined as a way to make major changes seem normal and ordinary.

Class war in America has been ongoing for decades. It’s worse now than ever. It benefits business and rich elites. It does so at the expense of most others.

Middle class America is targeted for elimination. Bipartisan complicity plans it. Obama capitulated to Republicans on preserving tax cuts and other benefits for rich elites.

He gave trillions of dollars to Wall Street crooks and other corporate favorites. Profiteers benefit hugely from ongoing imperial wars.

Main Street Depression conditions persist. Bipartisan complicity plans much worse ahead. Militarism, favoritism, waste, fraud and other rewards benefit Wall Street and other special interests.

They do so at the public’s expense. Let ‘em eat cakes defines official policy. Ordinary people are increasingly on their own sink or swim.

Wages no longer keep up with inflation. Benefits steadily erode. High-paying manufacturing and service jobs offshored to low wage countries. Automated production claimed more.

So-called free markets aren’t fair. They work best for those who control them. Growing numbers of others lose out entirely.

Technology driven productivity increasingly pressures workers to toil longer for less pay and fewer benefits.

Marx was right explaining capitalism’s contradictions. They reflect an anarchic, ungovernable system. Today’s monster is far worse than he imagined.

Powerful monopolies and oligopolies control production, commerce and finance. Wall Street and other corporate bosses demand increasing amounts of surplus from pressured workers.

They’re looting America. They’re wrecking it. They’re sucking it dry for profit. Predatory capitalism is too corrupted, malignant and broken to fix.

Institutionalized inequality reflects it. America is more hypocrisy than democracy. It’s a kleptocracy. Criminal gangs pose as political parties. They’re complicit with corporate crooks.

They’re war criminals. They’re serial liars. They’re scoundrels of the worst kind. America’s real crisis isn’t government shutdown, said Paul Craig Roberts.

It’s not the debt ceiling. It’s looting America. It’s wrecking the economy. It’s offshoring good paying jobs. It’s lowering the tax base in the process.

It did so by transferring America’s wealth and overall well-being to China and other low wage countries.

It did it by permanent imperial wars. They inflate annual spending. Larger deficits followed. They’re “too large to be closed,” says Roberts.

Money printing madness sustains things as long a possible. What can’t go on forever, won’t. Dollar debasing doesn’t work. Gold and silver prices reflect it.

Wall Street and Washington rig markets to keep them from going higher. Illegal naked short selling is done to do so.

It constrains prices even when physical demand is increasing. It bears repeating. What can’t go on forever, won’t.

Given irresponsible financial/economic policies, expect eventual gold and silver prices to explode.

Another crisis, says Roberts, “is the absence of intelligence among economists and policymakers.”

Don’t worry, they said. Offshoring jobs doesn’t matter, they claimed. A “New Economy” with better jobs is coming.

Monthly payroll data explain otherwise. High paying/good benefit jobs are disappearing. Low paying/poor or no benefit jobs replace them.

America is being hollowed out in the process. It’s being strip-mined of its material wealth and resources.

It’s being suffocated. It’s being thirdworldized. It’s headed toward dystopian backwater status.

Plans are to force feed greater austerity. It’s to replicate Greece harshness. It’s to make America a ruler – serf society.

It’s to crush trade unionism. It’s to crack down hard on nonbelievers. It’s to make America more than ever unfit to live in.

It’s to create more severe crisis conditions than now. It’s to do so for greater profits and control.

Ending what’s ongoing requires replacing duopoly power with responsible governance. It requires rebuilding the nation’s industrial base.

It’s ending imperial wars. It’s disbanding America’s empire of bases. It’s strengthening social protections too vital to lose.

It’s putting money power back in public hands where it belongs. It’s making the privately owned and controlled Fed really federal. It’s prohibiting banks too big to fail from existing.

It’s ending corporate personhood. It’s replacing kleptocracy with real democracy. It’s running free, fair and open elections. It’s getting money entirely out of politics.

It’s curbing corporate power once and for all. It’s empowering people over money. It’s making crime no longer pay. It’s prosecuting crooks in the suites. It’s protecting human and civil rights.

It’s mandating universal healthcare and public education. It’s reinvigorating organized labor.

It’s reinstating progressive taxes. It’s making everyone pay their fair share. It’s guaranteeing a minimum life sustaining income.

It’s abolishing poverty, unemployment, hunger, homelessness and inequality. It’s ending favoritism. It’s getting rogues, rascals and other miscreants out of government.

It’s substituting truth and full disclosure for managed news misinformation. It’s replacing media scoundrels with responsible ones to do so.

It’s consigning Wall Street and other corporate crooks to the dustbin of history.

It’s establishing government of, by and for everyone. It’s making America what it never was before.

It better happen soon or else. Roberts calls today’s situation dire and “discouraging.”

“At this time,” he says, “collapse seems the most likely forecast.”

Perhaps rebuilding from ruins will change things, he hopes. Perhaps intelligent life exists elsewhere. Perhaps it’s on other planets.

Perhaps it’ll replace what doesn’t exist on earth. Perhaps it’s the only hope for survival. There may be no other way.

Stephen Lendman lives in Chicago. He can be reached at .

His new book is titled “Banker Occupation: Waging Financial War on Humanity.”

http://www.claritypress.com/LendmanII.html

Visit his blog site at sjlendman.blogspot.com.

 

Can We Recover America Back To America?

For the past several years, America finds itself fragmenting at the seams. We suffer a gridlocked Congress that watches problems grow and grow—but it fails to take action to solve anything. It continues endless wars abroad. It watches our educational systems disintegrate, but does nothing. Endless millions of minorities and the Middle Class cannot secure jobs, but Congress continues to import 100,000 green card holding immigrants every 30 days.

A mind-blowing 47 million Americans subsist on food stamps, but our U.S. Congress continues to offshore jobs, insource jobs and outsource jobs. Those 535 congressional critters do everything in their power to subvert the Middle Class of America.

Across America, illiteracy grows as 7,000 kids quit high school every day of the nine-month school cycle. CBS anchor Scott Pelley said, “Our educational results cannot sustain America.”

In other words, we cannot keep kicking illiterate kids into the job market and hope they can read, write and perform simple math—when they can’t.

We suffer Black-America revolting with marches over Latino-American Zimmerman killing African-American Martin with calls of racism, when, at the same time, 1,300 blacks killed 1,300 blacks from the Martin killing to the trial date. Black on black crime killed 1,299 black kids while blacks protested over one shooting of a Latino killing a black. It never occurs to them that black on black and black on white crime runs 1,000 to 1.

The Main Stream Media censors the phenomenon known as “Black Flash Mobs” where young blacks in cities like Philadelphia, Detroit, Chicago and Minneapolis—run wild in streets beating up white people and looting stores.

Why? Those kids don’t enjoy fathers to mentor them toward responsible adulthood as 68 percent of all black kids in America are raised by single mothers. About 99 percent of them live on welfare and in poverty. (Source: Denver Post, Dottie Lamm) Yet, the Congress sits and knits, picks its nose and yawns and scratches its rear-end, but won’t get off its collective butt to solve the problems.

Our nation faces $16.5 trillion debt, entrenched poverty class, growing illiteracy, accelerating killings, intractable crime, drugs and unemployment.

Yet, it imports 100,000 legal Third World immigrants every 30 days. In 2013, we feature over 40 million people not born in this country. As they continue to bring in their families and birth their babies, whole communities in cities like Chicago, Miami, Houston and LA do not resemble America or speak our language.

Every American sees the mess exploding, but most remain clueless as to its origins.

On a recent radio show where I interview weekly, www.KGAB.com with Dave Chaffin on the “Morning Zone,” a caller asked a poignant question: “Will we ever get back to the America that I knew growing up as a kid?”

First of all, the America of 50 years ago with Norman Rockwell paintings of paper boys throwing papers onto the steps of nicely painted houses with picket fences—will not be seen again. Instead, we see violent mega-cities exploding beyond the sky line with air pollution and gridlock.

Since 1965, we imported 100 million third world immigrants because of Teddy Kennedy’s Immigration Reform Act. That bill continues today as it adds 1.2 million third world people annually.

We contorted America from three major ethnic tribal groups with the same Christian religion to over a dozen tribal groups with aggressive religions like Islam. If the current amnesty bill passes, it will import 1.5 million third world immigrants annually, or, about 125,000 new comers each month. Total: 100 million by 2050.

Where are they coming from? This two-minute video on Bangladesh will stun you, but this will be our end result: http://safeshare.tv/w/vwncRciSFb

That video probably shocked the daylights out of you, but that’s what all of China, India, Bangladesh, Indochina and many other parts of the world face with their population loads. I’ve witnessed it first hand on my world bicycle travels. Worse, they come to America for a better life, but they continue propagating beyond reason.

Back to the question: Can we return America back to the way it was before this mass immigration juggernaut?

If we don’t reduce all immigration to less than 100,000 annually, instead of 100,000 monthly—we will never, ever return to what it meant to be an unhyphenated American. We will never enjoy religious civility as the Muslims grow their numbers and aggressively push for Sharia Law within America. We will never again enjoy a flourishing Middle Class. We will never again enjoy clean air and plenty of water.

We will not enjoy a single language or culture. We will never again enjoy unlimited freedom as we compact ourselves into cities and begin to resemble China, India and even Bangladesh before this century expires.

What to do? How to take action?

1.    Do everything in your power to stop S744 amnesty bill. Call, write, visit your Senators and House reps. Write letters to the editor, call your radio shows and push the issue to stop mass immigration.

2.    Join every organization you see on my website:  in order to make collective impact to stop passage of S744.

3.    Vote out any senator or congressman that thinks importing the entire third world or the projected 100 million new immigrants to this country within 37 years.

4.    Call or email Charlie Rose  and ask him to interview top environmental/population experts as to our future if we allow another 100 million people to be imported via mass immigration.  Write Matt Lauer, Katie Couric, Diane Sawyer, 60 Minutes, Dateline, Primetime, and ask them to interview top speakers as to our survival prospects of an America that grew from 316 million to 625 million people within this century.

5.    Join , , ,  in order to join over 1.5 million Americans of all persuasions who collectively possess the power to stop mass immigration into America and work toward a viable and sustainable future for our civilization.  It’s free and powerful because you can send in pre-written faxes to your reps to enlighten them as to the consequences of a mass amnesty and jumping legal immigration to two million annually.  You will become part of an armada of parents, grandparents, citizens and more to change course toward a positive future.

6.    Send me your thoughts on more ideas I can share with Americans in order to regain or at least not lose any more of America than we have already.

Crushing The Middle Class

The Federal Reserve presently lends money at a lower rate than anytime in history. In fact, the rate at which the Fed lends money is more than a full percentage point below the current rate of inflation. That means the Fed is subsidizing borrowing. Naturally, zero rates create price distortions which are greatly amplified by the Fed’s asset purchase program called Quantitative Easing. During its three rounds of QE, the Fed has ballooned its balance sheet by more than $2.8 trillion inflating the prices of financial assets across-the-board while establishing itself as the world’s biggest buyer of US Treasuries, the benchmark asset class upon which every financial asset in the world is priced. Those prices are now grossly distorted due to the Fed’s presence in the market. (Note: Fed chairman Ben Bernanke set the Federal funds rate in the range of zero to 0.25% in December, 2008 and has kept it there ever since. The policy is called zero-interest-rate-policy or ZIRP.)

When rates are cut to zero, it means that the demand for credit is weak. If the economy was growing at a faster clip, then the demand for funds would increase and the Fed would raise rates so they were closer to their normal range. But the Crash of ’08 triggered deflationary pressures (particularly massive deleveraging by homeowners who saw their home equity go up in smoke during the downturn) unlike anything experienced since the Great Depression. For the Fed to adequately address the sharp drop in demand, it would have had to set its target Fed funds rate at minus 6 percent which is impossible since the Fed cannot set rates below zero. (This is called ZLB or zero lower bound problem.) Thus, the Fed has implemented other strategies which are supposed to achieve the same thing.

Bernanke’s asset purchase program, QE, is an attempt to push rates below zero by reducing the supply of risk-free assets. By loading up on US Treasuries (USTs) and agency mortgage-backed securities (MBS), the Fed tries to lure investors into stocks and bonds hoping to push prices higher. Higher prices create the so called “wealth effect” which paves the way for more consumption and investment. Hence, soaring stock prices create a virtuous circle which boosts demand and jump-starts the flagging economy. That’s the theory, at least. In practice, it doesn’t work so well. Five years after the policies were first implemented, the economy is still sluggish and underperforming (GDP is below 2 percent for the last 12 months), the output gap is still roughly $1 trillion per year, and unemployment is still sky-high. (Unemployment would be 14 percent if the people who have dropped off the unemployment rolls and who are no longer actively looking for work were counted.) For all practical purposes, ZIRP and QE have been a bust .

The traditional antidote for a “liquidity trap” (that is, when normal monetary policy doesn’t work because rates are already at zero) is fiscal stimulus. In other words, when monetary policy can’t gain traction because consumers and businesses refuse to borrow, then the government must use its balance sheet to keep the economy growing. That means widening the budget deficits and spending like crazy to increase demand until consumers and businesses are in a position to resume their spending. Bernanke’s monetary policy is the polar opposite of this time-tested remedy. The Fed’s policy provides zero-cost reserves to poorly run zombie banks who refuse to pass on the savings to their customers via credit cards or mortgage rates. If the Fed was serious about expanding credit and strengthening growth, it would require the banks to cut their credit card rates and mortgage rates so that consumers benefit equally from the Fed’s cheap money. (In other words, if the Feds funds rate dropped from 6% to 0% then credit card rates should be slashed from 18% to 12%. That would stimulate more consumer spending.) But the Fed has made no demands on the banks. Instead, all of the gains from the wider spreads have gone to the banks, which is why ZIRP and QE have had virtually no impact on lending at all.

The main beneficiary of the Fed’s policies has been the investor class. While low rates have helped households reduce their debtload more easily, low interest lending coupled with the ocean of liquidity provided via QE has triggered a long-term stock market rally that has increased equities funds inflows to new records, boosted margin debt to precrisis levels, quadrupled stock buybacks from their 2008 lows, buoyed covenant-lite loan sales to $188.7 billion (“far surpassing the record of 2007″), and sent all three major indices to new highs. Unable to find profitable outlets for investment in the real economy, investors have taken their lead from hedge fund manager Ben Bernanke, snatching up stocks and bonds in a ravenous, yield-crazed flurry of speculation. Indeed, they have done quite well too, raking in sizable profits even while the real economy is still flat on its back. The bottom line: All the gains from ZIRP and QE have gone to Wall Street with precious little trickling down to the workerbees.

After 5 years of monetary policy that has failed to produce a strong, sustainable recovery, reasonable people have begun to wonder if Bernanke’s real objectives are different than those in his official pronouncements. After all, the Dow Jones and S & P 500 have more than doubled in the last 4 years, corporate earnings just hit an all-time high of $2.1 trillion, the banks announced record profits of $42 billion in Q2, and–according to a new study by Emmanuel Saez, an economics professor at UC Berkeley— the top 10% of earners in the US captured 50.4% of total income in 2012, a level higher than any other year since 1917.” (LA Times) Meanwhile, 47 million people are scraping by on food stamps, labor’s share of productivity gains have never been smaller, median household income has plummeted by 7.3 percent since the end of the recession, (Sentier Research), and 46.5 million Americans now live in poverty. (US Census Bureau). Inequality– which is already at levels not seen since the Gilded Age–continues to widen at an accelerating pace while the battered and rudderless economy drifts from one crisis to another.

To pretend that the objectives of ZIRP and QE are different than the results they’ve produced (ie–greater concentration of wealth and political power, and the crushing of the middle class) is laughable given the fact that they’ve been in place for more than 5 years without any significant change. This suggests that the Fed’s policies are doing what they were designed to do, shift more wealth upwards to the uber-rich while political leaders dismantle vital safteynet programs which protect ordinary working people from the ravages of unregulated capitalism. The Central Bank and the political establishment in Washington are working hand-in-hand to restructure the economy along the same lines as they would any third world banana republic. And that’s the real goal of the current policy.

Replace Third Party Delusions With A Political Boycott

Recently, Jonathan Cymberknopf wrote a very upbeat article where he makes it sound like third party presidential candidates in 2012 achieved remarkable, even historic, success. He provides considerable data on how a number of third party candidates did better in 2012 than in the previous presidential election. For many years I strongly advocated third party options and even was a state chairperson for a major third party. But over time I realized what a fool’s effort third parties are for presidential elections and also for nearly all congressional ones. Why? Because anyone who thinks clearly and understands the US electoral system should know that the system is so rigged against third parties that they are mostly a wasted effort. Worse even, and this is my major point, because third parties provide a kind of high pressure escape valve for very unhappy Americans to express their anger and frustration. In so doing, they perversely help to sustain the very corrupt, dysfunctional two-party system they reject and want to change but cannot possibly do.

Let me further explain. As someone who worked within the federal and state political system for a long time I am totally convinced that the American political system has become a farce, actually an evil system for the vast majority of Americans. Why? Because this political system has become the tool for sustaining the upper, wealthy class and is destroying the middle class and succeeding in creating a two-class society. Economic inequality is now at its highest level. This has resulted because the rich, upper class controls the political system through money that more than earns a terrific return on the funds invested, because the political system has also corrupted the economic system.

We desperately need a second American revolution. But it will not and cannot come through elections. Elections merely represent a delusional notion that American democracy still works, when in fact it is nothing more now than a delusional democracy. Beyond the top 1 percent so talked about as the very wealthy grabbing nearly all the increases in economic growth and prosperity, it is probably the top 10 percent or more that enjoys fabulous lives. There really are two economies. The one for the top on the economic ladder is working wonderfully. They are gobbling up luxury cars, jewelry and all kinds of products, eating expensive foods at home and in fancy restaurants, getting the very best medical care, and experiencing the joys of luxury travel and entertainment. The lives of some 30 million Americans are truly wonderful. But the remaining vast majority of Americans who constitute most of the voters are leading very, very different economic lives with much diminished quality of lives and considerable economic insecurity.

So, rather than celebrate that less than 2 percent of voters supported third party presidential candidates and, in so doing, legitimized the US electoral system, what the country really needs are millions of Americans more forcefully attacking the status quo that the two-party plutocracy uses to serve and protect the upper, wealthy class. Americans who happily and proudly vote and work for third party candidates are delusional if they think that their actions are helping to bring down our corrupt political system. They need to realize that in a perverse way they are protecting and sustaining the status quo political system. It would be far better if many millions of Americans who, as expressed in virtually all surveys and polls, have no trust and confidence in both major political parties and all the elected politicians chose to express their discontent by NOT voting in elections. Yes, that is what we need. We need to concretely show our rejection of the political system by not honoring it through voting.

The sad joke is that not much more than half of eligible voters actually vote, far worse than in other advanced, industrialized nations. What the goal of Americans who correctly see both major parties as rigidly corrupt and useless for most citizens should be is to attack the legitimacy of the political system by cutting voter turnout substantially.

Stop feel-good voting for third party candidates and reject the current electoral system altogether. Do that and think more about other ways to destroy this system. Think in terms of a political boycott just as you would an economic boycott against a company. Never delude yourself that by electing Republicans or Democrats you will see the many necessary, fundamental changes for restoring true democracy and honoring the values of the Constitution. The one most powerful tactic to restore democracy and economic freedom is removing all private money from the entire political system. That requires a constitutional amendment, and that can only happen through an Article V convention that recently Mark Levin so powerfully advocated in his new book, but which he, sadly, failed to present the full truth about, namely that Congress has already failed to obey the Constitution and recognize the sufficient number of state applications for a convention.

This failure of Congress, like so many other circumstances, decisions and events, only further proves just how awful American democracy has become. And it shows just how much we need millions of Americans to fight for what is necessary, rather than think that third party candidates are the answer. Interestingly, third party presidential candidates have not made the Article V convention option a major campaign issue, just as Republicans and Democrats have ignored this constitutional option.

Bernanke’s Head Fake Sends Stocks Soaring

Fed chairman Ben Bernanke shocked the world on Wednesday when he announced there would be no change in the Fed’s $85 billion-per-month asset purchase program dubbed QE. The announcement sparked a buying frenzy on Wall Street where all three major indices shot to record highs. The Dow Jones Industrial Average (DJIA) climbed 146 points to 15,676 while the S & P 500 logged another 38 points to 1,725 on the day. Bonds and gold also rallied big on the news with the yield on the benchmark 10-year US Treasury dipping sharply to 2.69 percent (from 2.85 percent the day before) while gold rose more than 4.1 percent to $1,364. The US dollar was hammered savagely on the news, dropping to a seven-month low against a basket of major currencies. According to Reuters, the buck “saw its biggest one-day slide in more than two months” and “has fallen to levels not seen since well before Fed Chief Ben Bernanke first floated the idea of reducing the stimulus in May.”

Bernanke attempted to justify his reversal (some are calling it a “head fake”) on continuing weakness in the economy, particularly high unemployment and tightening in the financial markets. He also implied he was worried about the possibility of a government shutdown and the impact that would have on the anemic recovery.

While Bernanke presented a rational defense for his pet program, he was not convincing. The truth is, the Princeton professor is out on a limb and doesn’t know how to get down. That’s why he didn’t trim his bond buying by even a measly $5 billion per month, because he’s afraid the announcement would trigger a selloff that would unravel his $2.8 trillion reflation effort. So he decided to stand pat and do nothing.

But standing pat is not a long-term option, eventually the Fed will have to end the program and wind down its balance sheet. Investors know this, which is why Thursday’s giddiness quickly morphed into somber reflection and head scratching on Friday. Everyone wants to know “what’s next”, especially since QE’s impact is diminishing, financial markets are getting frothy, and improvements in the economy are marginal at best. Can the Fed really inflate its balance sheet by another 1 or $2 trillion hoping that the economy picks up in the meantime, or will Bernanke simply call it quits and let the chips fall where they may? Who really knows? This is the problem with unconventional policies; it’s impossible to predict the downside risks because they’re, well, unconventional, and haven’t been thoroughly tested before.

In the case of QE, we can see now that Bernanke forged ahead without developing a coherent exit strategy. That’s a big no-no; you never want to paint yourself into a corner especially when trillions of dollars and the stability of the financial system are at stake. But that’s where Bernanke finds himself today four years after embarking on a policy path that has boosted corporate profits to all-time highs, widened income inequality to levels not seen since the Gilded Age, and pushed Dow Jones Industrial Average up by 146% since its March 2009 low.

And that’s what made QE such an irresistible policy, because the upside rewards were so great. QE created a vehicle for transferring incalculable wealth to the investor class while concealing its real purpose behind public relations blather about lowering unemployment and strengthening the recovery.

As we have pointed out before in this column, QE has no effect on unemployment. The swapping of Treasuries for bank reserves does not create a transmission mechanism for increasing demand that leads to additional hiring. As Lee Adler of the Wall Street Examiner says:

“Job growth has not accelerated as a response to the flood of money printing…The growth rates were actually stronger before the Fed started pumping money into the economy in November when it settled its first MBS purchases in QE3…Money printing works to inflate asset prices, but it does nothing to stimulate job growth…

House prices and stock prices have inflated, thanks to too many dollars chasing too few assets. But job growth has been slow–steady, but slow, growing at slightly above the rate of population growth…..” (“Here’s How BLS Data Proves QE Has Had Zero Effect As Jobs Growth Plods Along”, Wall Street Examiner)

QE does not lower long-term interest rates either, in fact, long-term rates have edged higher during QE1, QE2 and now QE3. (Presently, rates are a full percentage point above what they were when the program was first announced on 13 September 2012) Similarly, rates should fall again when Bernanke finally settles on an exit strategy and stock holders pile back into Treasuries acknowledging the feeble state of the economy. Long-term yields will fall because the demand for funds remains weak. When the demand for money is weak, the price of money decreases which means that rates fall. It’s another sign that we are in a Depression. Now check this out from Reuters:

“Since the bottom of the recession just over four years ago, commercial bank loans and leases have grown 4.0 percent, one of the weakest post-recession recoveries in terms of borrowing since the 1960s, according to Paul Kasriel, the former chief economist of Northern Trust Company. For comparison, over the same period after the July 1990-March 1991 recession, loans and leases grew over four times faster…..” (“Time to taper? Not if you look at bank loans”, Reuters)

Once again, credit expansion is weak, because the economy is still on the ropes.

Consumers and households aren’t borrowing because they are still deleveraging from the big bust of ’08 that wiped out their home equity and a good part of their retirement savings. They’re not borrowing because their wages have stagnated and their income is falling. Also, they’re not borrowing because they’ve lost confidence in the institutions which they used to think were governed by regulations and the rule of law. They know now that that’s not how things work, so they have become more cautious in their spending.

QE doesn’t even increase inflation which is why the Fed is still unable to hit its target rate of 2 percent. The fact that inflation has stayed so low (The Consumer Price Index was up just 0.1% in August) while stock prices have more than doubled at the same time, proves that Bernanke’s nearly $3 trillion in liquidity has not “trickled down” to the real economy at all. The injections have merely boosted profits on inflated asset prices for financial parasites and speculators.

Even hedge fund managers like Duquesne Capital’s Stanley Druckenmiller are now willing to admit that QE is a farce. Here’s what Druckenmiller said in an interview with CNBC following Bernanke’s announcement on Wednesday:

“This is fantastic for every rich person. This is the biggest redistribution of wealth from the middle class and the poor to the rich ever.”

Indeed, while the dwindling middle class faces deeper budget cuts and tattered safety net programs, the rich have never had it so good. And much of the credit goes to Ben Bernanke and his bond buying program, QE.

As economist Anthony Randazzo of the Reason Foundation wrote last year QE “is fundamentally a regressive redistribution program that has been boosting wealth for those already engaged in the financial sector or those who already own homes, but passing little along to the rest of the economy. It is a primary driver of income inequality.” (“Druckenmiller: Fed robbing poor to pay rich”, CNBC)

The World’s Most Evil Corporation Issues A Dire Warning

Goldman Sachs is the epitome of the word “evil.” If one wants to know what the evil central bankers are up to, one only needs to pay attention to the actions of Goldman Sachs. The power elite residing inside of this country does not begin and end with the Federal Reserve, that privilege is reserved for the interrelationship between Goldman Sachs, the Federal Reserve, the corrupt World Bank and the IMF. And now, Goldman Sachs is running the European financial system into the ground as another Goldman Sachs boy, “Super” Mario Monti, has taken over Italy to finish off what is left of the Italian financial system. Monti is also the head of the European Trilateral Commission as well as a Bilderberg member. And yet another Goldman Sachs boy is finishing off the job in Greece. It is the mission of Goldman Sachs to implode the global economy with massive debt arising from the failed derivatives market, in which the debt totals 16 times the total GDP of the planet and that debt has been passed on to the governments of the world. There is no way that any country will ever pay off this debt. The world’s financial system will be collapsed and then reorganized under the Bank of International Settlement. Goldman Sachs is merely the grim reaper in this unholy process.

The Goals of Goldman Sachs

The purpose of this article is to expose the three pronged attack, directed at the American people, by Goldman Sachs, and its partners at the Federal Reserve, the US Treasury Department, the IMF and the World Bank. These central banker controlled institutions are engaged in a plot which is designed to accomplish the following:

• The destruction of America’s domestic economy through the introduction of derivative debt which is 16 times greater than the world’s GDP. This goal has been accomplished as evidenced by the fact that America now has more workers on welfare (101 million) as opposed to actual full time workers (97 million).
• Setting the chessboard in such a way that WWIII is a foregone conclusion. This is near completion as the US and Israel are poised to go to war with China and Russia, over Syria and Iran, in order to preserve the Petrodollar.
• Initiating a false flag event which will culminate in martial law and the elimination to all opposition to both the coming WWIII and the imposition of a tyrannical world government as well as a one world economic system.

It is no secret that Goldman Sachs runs Wall Street. After the first bail out, Goldman Sachs cut the head off of Shearson Lehman and several other Wall Street competitors when they used their undue influence to determine winners and losers after the first round of TARP. Even Ray Charles could see that Goldman Sachs is in near complete control of our government as evidenced by the former Goldman Sachs gangsters who have run our economy into the ground (e.g., Clinton’s Secretary of Treasury Goldman Sachs’ Rubin, Bush’s Secretary of Treasury Goldman Sachs’ “too big to fail” Hank Paulson, etc.). Make no mistake about it, the introduction of the massive derivatives debt was a power consolidation move designed to collapse the economy and hand over essential control to Goldman Sachs and its partners.

History Repeats Itself

Today’s events parallel the imperialists of the early 2oth Century which resulted in World War I. The Wall Street led depression of the 1930’s led to the rise of political extremism and ultimately to World War II. Today, Goldman Sachs and their fellow Wall Street cronies are currently running, or dare I say ruining the global economy and the consequences are going to result in the culmination of World War III from which these same gangster bankster’s will profit from the buildup, the death and destruction of billions of innocent people as well as profiting from the lucrative clean up which follows every war.

The ultimate prize for the coming war will be the ruination of the planet in order that the power structure of the earth can be reinvented in a manner that not even George Orwell could imagine. Remember, as the globalists like to say in reference to their favorite Hegelian Dialectic quote, “Out of chaos comes order.” Of course, it won’t be Goldman Sachs’ money that pays for the destruction of humanity in the coming world war. This coming war and its subsequent blood money will be your money and my money. It goes without saying that it won’t be the executives of Goldman Sachs children who are pressed into military service and will be eventually sacrificed on the battlefields of WWIII. It will be your children and my children who will be sacrificed in the name of furthering the bottom line of the Goldman Sachs Mafia and their masters at the Bank of International Settlement. Meanwhile, the Goldman Sachs children who will be safely tucked away as the world’s final chapter plays out as we know it.

 Goldman Sachs Destroying the American Middle Class

This swath of international destruction being promulgated by Goldman Sachs is also being visited upon the daily lives of the American public here at home. Courtesy of the Goldman Sachs gangsters, there are no more safe financial havens for American citizens. Your bank account, your pension fund, your investment accounts and your home mortgages are no longer safe. These collective funds are not in jeopardy because of the risk of falling victim to the failing economy as much as these funds are subject to confiscation by Goldman Sachs and its shell corporations along with the complicit support of the federal government. Most of these public officials are former Goldman Sachs employees. A clear case in point lies in what happened with MF Global.

MF Global, a shell corporation beholding to Goldman Sachs, was led to the slaughter by the former Goldman Sachs executive and former New Jersey Governor and senator, John Corzine. Corzine’s criminal actions directly victimized 150,000 Americans by stealing an estimated $900 million dollars of his clients’ money from their supposedly secure private accounts. There is also another $600 million missing dollars from MF Global which is still unaccounted for today.  Meanwhile, Corzine avoids sharing a prison cell with Bernie Madoff by purchasing a “get-out-of-jail card” through the sponsorship of a $35,000 per plate fundraiser for that great Wall Street puppet, Barack Hussein Obama. And what are the government watch dogs doing to protect our money from this new generation of robber barons? The short answer is that key federal officials are actually partners with Goldman Sachs in this monumental violation of the public trust. Take Gary Gensler, a former Goldman Sachs executive partner, who like so many other Goldman Sachs gangsters, have been placed into key governmental oversight positions in order to protect the Goldman Sachs co-conspirators from prosecution as they continue their reign of terror upon the global economy.

…but a Goldman Sachs cop on the take.

Gary “the gangster” Gensler is the former Undersecretary of the Treasury(1999-2001) and Assistant Secretary of the Treasury (1997-1999) and the current director of the Commodity Futures Trading Commission. In his position at the time of the MF Global debacle, Gensler had the authority to go after Corzine for his role in the MF Global theft of customer funds and order restitution. However, Gensler has decided to protect a fellow member of the Goldman Sachs Mafia by not looking into the massive fraud and theft by Corzine and his cronies. Your tax dollars, paying the salary of federal officials, are overseeing the most massive illegal private transfer of wealth in the history of the planet. And this debt is payable to Goldman Sachs and their criminal enterprise partners.

You may not be one of the current 150,000 Goldman Sachs/MF Global victims. However, this Robin Hood-in-reverse-scenario, in which the rich are plundering what’s left of the middle class, will soon be visited upon your bank account, your home mortgages and your pensions. Whether it is the MERS mortgage fraud or the theft being perpetrated upon Federal employee retirement accounts, these criminal banksters are in the process of stealing it all and what are you going to do about it? Our nation of entrenched sheep will do nothing. The American citizens are going to lie down and take their beating in the face of the largest unfolding criminal syndicate in human history.

While you and the rest of America are trying to collectively remove your “deer in the headlight” glaze, you, as an American, have far more serious issues to concern yourself with and you are not going to have to wait long to have your worst fears to be born out.

 Something Wicked This Way Comes

Some, who have heard my expressed sense of outrage, have asked me if I favor a violent overthrow the United States Government. To that question, I answer in the negative. However, show me a way to be involved in the overthrow of the gangsters who have hijacked my country’s government, and I will be the first in line. However, before that day arrives, we have some very formidable obstacles to face with regard to what is looming just around the corner.

Goldman Sachs Is the Financial Kingpin of False Flag Attacks

If one wants to predict the next false flag attack, one merely has to watch the actions and the money movements of Goldman Sachs.

In the days leading up to the attacks on 9/11, Goldman Sachs “shorted” the sale of airline stocks which plummeted in the aftermath of the attacks. Just a coincidence you say?

In the days leading up to the housing bubble, Goldman Sachs shorted housing stocks which ignited the bubble. The Federal government fined Goldman Sachs, but in typical fashion, nobody went to jail. Just another coincidence you say?

As I documented in my seven part series, The Great Gulf Coast Holocaust, Goldman Sachs executed a “put option” for preferred insiders invested in Transocean stock, thus protecting the profits of these preferred insiders on the morning of the explosion. Transocean was the owner of the ill-fated oil rig. Goldman Sachs also sold the lion’s share of its stock less than two weeks before that fateful day on April 20, 2010. Nalco was the subsidiary of Goldman Sachs and BP at the time of the explosion. Who is Nalco? Nalco was the exclusive manufacturer of the deadly oil dispersant, Corexit. Corexit has done more to wreck the ecology of the Gulf as well as the health of the Gulf Coast residents than the oil spill itself. Again, this is all documented in my seven part series. By the way, I count another three coincidences in this paragraph alone and if you are keeping score, we are looking at a total of five amazing coincidences. But wait, there is more!

The moral of this story is clear, if there is to be a significant false flag event, the financial actions of Goldman Sachs will prove to be the key. And Goldman Sachs’ actions have signaled yet another oncoming false flag. As I reported on in April, Goldman Sachs instructed its brokers to sell short on gold stocks. And then after the bulk of the gold market panicked and the price of gold plummeted in a massive sell off, the Goldman Sachs boys did it again. The Goldman Sachs brokers began to purchase gold in massive amounts, for its elite clients, at a greatly depressed price. By the way, Goldman Sachs employed the EXACT same strategy with regard to the Gulf Oil tragedy. When Goldman Sachs sold off BP stock in the days before the explosion, they purchased massive amounts of BP stock at a greatly reduced price in June of 2010. The coincidence meter is now up to seven.

Why Goldman Sachs Cornered the Gold Market

The global elite would only want massive amounts of gold because something bad is about to happen to the dollar. When the dollar collapses, the elite, courtesy of the Goldman Sachs brokers will be sitting in a great position in which they hold the only sustainable medium of exchange following the collapse. But when will the collapse come? What form will it take?

As I reported, less than two weeks ago, the Bank of International Settlement ordered the central banks, including the Federal Reserve, to greatly decrease loans as a protection to the coming bad financial times. So, now we are getting warned and the narrowing down of where this is leading, is getting easier to predict.

It is important to remember that Goldman Sachs and the rest of the international banking community desperately want to wage war in Syria and eventually Iran over the demise of the Petrodollar caused by Iran in which they are selling oil for gold to India, China and Russia. There is also big money to be made by the banks in an upcoming global conflict. More importantly, and just as the world witnessed in the aftermath of WWII, consolidation of power can be achieved following a major war. Additionally, Goldman Sachs and the rest of the international bankers are not about to let China and Russia thumb their noses at the prevailing economic system. Gold will not be allowed to be used as a medium of exchange for nation states, because a nation on the gold standard, is a nation that controls its debt levels and financial security. This is unacceptable to the central bankers who kill national leaders, such as Gadaffi and Sadam Hussein, for daring to break from the plan and achieve financial independence. What the globalists also need is a game changing event which will destroy all opposition to the coming war. And the financial intentions of Goldman Sachs clearly speaks to the fact that a false flag attack is imminent which will implicate Syria and Iran and provide the pretext for the US and Israel to attack.

The Nature of the Coming False Flag Attack

The coming false flag attack which will plunge America into martial law, for our own protection of course, will result in WWIII. The false flag event could take two forms. It was reported two weeks ago, that the US was missing a nuclear weapon from a military base in Texas. This prompted Senator Lindsay Graham to state that the harbor in Charleston, SC. would be nuked if the US did not attack Syria. This is the first scenario.

The other scenario, and the far more likely one, has the power grid going down on November 13th. The Grid Ex II drill being conducted by DHS, FEMA, 150 corporations and the 50 governors, will simulate a power grid take down by terrorists on that same date. How many times have we witnessed a drill which turns into a false flag attack? This happened with 9/11, the 7/7 bombings and the Boston Marathon. There is a good chance it is going to happen here

In this scenario, once the grid is taken down, a banking collapse can be instituted and most will not notice because by the third day of a blackout, total chaos will ensue and nobody will be paying attention to the banks. Martial law will be imposed and Syria and Iran will be blamed.

The CEO of Goldman Sachs, Llloyd Blankfein, is on the record stating that an economic collapse is imminent. Need I say more?

Conclusion

Regardless of the form that an upcoming false flag event will follow, Goldman Sachs has tipped their false flag hand. A false flag event is coming and it is a safe bet that it will culminate in martial law. This would certainly explain DHS’ collecting of 2.6 billion rounds of ammunition and 2700 armored personnel carriers. There is also going to be a resulting third world war. The globalists know humanity is waking up. They are running out time and they are desperate. This could all be over in a few months. Do you not feel the collective sense of dreaded anticipation that has overtaken the country? At the unconscious level, we all know what is coming.

The November power grid drill is worth watching and I predict in the upcoming weeks, there will be many articles written about how to survive the coming events. I would advise all to pay attention, but most of all, I would advise people to get their spiritual affairs in order. We come into the world with nothing and all we leave with is the sum total of our spiritual experiences. It is time to attend to that detail in the present time frame.

Source: The Common Sense Show

Financial Meltdown Five Years After

So appropriate that the architect of banking deregulation, Larry Summers pleads that he is not the right person to head up the Federal Reserve. No S$%#. Well, the Fed is certainly the hot seat under normal circumstances. What will it be like when the next crisis directly puts into play the reserve currency status of the dollar? Do not worry, anniversaries are supposed to look at the brighter side. Never mind, our benevolent government is hard at work presenting the public with the kind of assurance that would make anyone start singing happy birthday.

Your government money provides charts for inspection. However, what did all that TARP money do to correct the panic? According to Anthony Reyes writing in Treasury Notes comes to a laughable conclusion in The Financial Crisis Five Years Later: Response, Reform, and Progress In Charts.

“But putting out the fires of the crisis was not enough. To address the underlying causes of the crisis, we had to modernize our regulatory framework and put powerful consumer financial protections in place. That is why President Obama took up the mantle of financial reform by championing and enacting the Dodd-Frank Wall Street Reform and Consumer Protection Act?. Americans now have a dedicated consumer financial protection watchdog, financial markets are more transparent, and the government has more tools to monitor risk, and resolve firms whose failure could threaten the entire financial system.

As we approach the five-year anniversary of the height of the crisis, the financial system is safer, stronger, and more resilient than it was beforehand. We are still living with the broader economic consequences, and we still have more work to do to repair the damage. But without the government’s forceful response, that damage would have been far worse and the ultimate cost to repair the damage would have been far higher.”

Sound so reassuring. However, Dodd-Frank ignored serious derivative overhaul. Forget about mere regulation of financial markets, what about the federal government taking on even more fiscal responsibility of last resort. Too big to fail is an empty phrase, when the full faith and credit of the Treasury is placed into question. Just whom do you trust?

“Hester Peirce, a scholar at the Mercatus Institute, told TheDCNF how Dodd-Frank’s placement of all financial derivatives into government-managed clearing houses could lead to poor investment decisions and possibly unbalance the financial markets.Because derivatives are such a complicated and long-term investment, Peirce argues that investors should always pay close attention to who they’re dealing with. “What Dodd-Frank does is say, ‘Don’t worry about [your counterparty], because you’re going to be in this relationship now with a clearing house for a year, and the clearing house is safe, so don’t worry about it,” she said.

“What we’ve done then is we’ve removed a whole layer of market scrutiny on counterparties,” Peirce concluded.”

Ah, the “so called” success of the Sugar Daddy rescue effort is that the final counterparty is the U.S. government, financed by the private Federal Reserve. Over at the Fiscal Times in an article, The 5 Best and 5 Worst Regulations in Dodd-Frank, provides the operative summary.

“The worst thing about Dodd-Frank is the misguided effort to remove risk from the system,” said Dan Crowley, a partner at K&L Gates and head of the capital markets reform group. “Risk is essential to the capital formation process. Empowering the government to reduce risk in the system will inevitably increase compliance costs and decrease investor returns.”

Oh, that nasty risk, raising its head again. After the toll in human suffering from the loss in capital value and income return, it is a rare person who can say that their wealth factor has recovered to pre 2008 conditions. So too, the government has taken a tremendous hit. The New York Times presents in their Business Day, Adding Up the Government’s Total Bailout Tab, a two year old list of additional guarantees that are part of the price of the Wall Street bailout.

“Beyond the $700 billion bailout known as TARP, which has been used to prop up banks and car companies, the government has created an array of other programs to provide support to the struggling financial system. Through April 30, the government has made commitments of about $12.2 trillion and spent $2.5 trillion — but also has collected more than $10 billion in dividends and fees. Here is an overview, organized by the role the government has assumed in each case.”

Read the entire breakdown. Wonder what Mr. Reyes over at Treasury would say to this cost to the taxpayer? Does it not seem that the math just does not add up? The next summary from the same Treasury Notes has Mr. Reyes stating.

“The federal government’s crisis response was designed to stop the panic and stabilize the financial system with a series of measures, including government guarantees, emergency financial programs, and capital investments. It succeeded in doing so.

Estimates of the potential losses at the time exceeded $1 trillion dollars. By mid-2013, with most of the emergency programs wound down and most of the funds disbursed under the Troubled Asset Relief Program (TARP) recovered, we can more realistically measure the potential losses and gains on the overall effort.”

Well, just ask anyone with a positive net worth before 2008 and inquire if they still consider themselves part of the middle class. The overview of the last five-year monetary architectural plan of providing costless money to the banksters, while starving the average worker and depleting individual investment coffers, is frightening. It is a hard sell for the Treasury. Putting a smiley face on a report, when the actual results are killing Main Street, is preposterous. Thanks Larry Summers, for designing the free rein, wheeler-dealer derivative house of cards that only partially broke in phrase one.

Just wonder what kind of improved government charts we might expect when the next government debt guaranteed bubble bursts wide open. Save the cost to the Treasury, your credit is zero.

Forecasts of a Doomed Economy

Contrary investing used to be a profitable endeavor. Things have changed. The doom business is in full swing as many financial prognosticators seek to hedge their normally ecstatic outlooks in order to sell their advice. When tragedy becomes a consensus sentiment, it used to be the time to buy. Now that formula has to factor in a different set of risks. Namely the incoherent political intrusions and stimulus-austerity gyrations has to head the list. Has forecasting become a lost art or did it evolve into an algorithm supercomputer project? In either case, the doom factor is sure to continue to be a stable from the Cassandra circle as long as an economic recovery allures the former members of the middle class.

Nevertheless, the bulls want you to believe that economic indicators are guardedly improving. The Global Economic Intersection boldly portends.

“Our September 2013 Economic Forecast shows a change of trend. Many portions of our economic model started to expand over the previous month’s baseline.

We continue to warn that consumer spending increases are expanding at a much faster pace than income – and that eventually either a jump in income or a fall in consumption must occur to close this gap. This remains an economic headwind for 3Q2013.”

Surely, equities are back in vogue as spending flows. Yet, Tom Stevenson writing in The Telegraph recommends Take forecasts with a pinch of salt…or move to Omaha, for those who have the courage to bet their money on picking particular stocks.

“The problem for investors is that very often, at the individual stock level, good news is not built into valuations for some time after it has become publicly available.

This means that contrary to markets as a whole, where it can be better to travel than to arrive, good company news can trigger sustained outperformance as investors slowly accept the improved outlook.

This might sound like a counsel of despair for investors, but it shouldn’t. Awareness of the limitations of knowledge is actually strangely liberating when it comes to managing your investments.”

Woe is me, what opportunities are missed by sitting on the sidelines? Almost moves one to subscribe to some of those pricy newsletters. But before you brush off the dust on your wallet, heed the lesson that Ian R. Campbell references when he asksEconomic forecasting – how credible?

“Frequently in this Newsletter I have said I believe that many economists wrongly advance a theoretical forecast framework based on irrelevant history when reaching conclusions on what is prospectively going to happen in any particular economy at any given point in time – and hence many economists inherently are doomed to get things wrong before they put pen to paper.”

The prediction record of most experts is dismal at best. Therefore, when Charles Colgan, former chair of Maine’s Consensus Economic Forecasting Commission is cited in On economic forecasting as a ‘forlorn hope’. He “humbly admitting he’s botched the past several annual forecasts, Colgan compared himself to Charlie Brown, ever the optimist, who repeatedly tries to kick the football being held by his friend Lucy.”

Yes, the small investor is just as dimwitted as Charlie Brown. The fate of most plays in the M A R K E T S, are sealed before they get started. In a corporatist economy, the balance sheets of companies swell, but the return on equity to stockowners often falls short.

One needs to admit, before placing funds in the hands of Wall Street money managers, that the game is speculation, not investing. Fortunes are made by knowing the insider decisions before the public is even aware of the news that a stock is in play. Even bigger sums are extracted from shorting a vulnerable public company as the vultures sense a ripe carcass.

Any thinking citizen with even a modest understanding of economics and commerce must conclude that the consumer patience is still gravely ill. Sophistication in interpreting trend forecasts is not necessary when CNNMoney provides the evidence. “The average age of vehicles on America’s roads has reached an all-time high of 11.4 years, according to the market research firm Polk. And that average age is sure to keep climbing, the firm said.”

If the financial sages deem the consumer superfluous and define a healthy economy by a growing public sector, the prospects for a doomed system are inevitable.

For those who reject this analysis and want to be informed about the latest perspective from The Economist, signup for the Global Forecasting Service. Get unrestricted access to full, updated and interactive coverage of our world economic outlook, including projections of key indicators and analysis of developed and emerging markets.

Reading such international financial establishment pronouncements usually provide a reassuring crutch even when countries are going bankrupt. Telling as it is for the spin you are meant to accept, the forecast for personal success in the investment jungle is wrath with predators of all species.

Now all this caution is moot if the global economy enters into a new golden age. Duplicating the prosperity of the industrial revolution with a cyber collection matrix that digitally spies on propitiatory business secrets is not exactly the formula that generates wealth, which is shared by the masses.

The incomparable Paul Craig Roberts is the best political and economic forecaster. In his 2011 article, How the Economy was Lost, Doomed by the Myths of Free Trade, he explains the basic reason for the doomed forthcoming financial meltdown end game.

“As the issuers of swaps were not required to reserve against them, and as there is no limit to the number of swaps, the payouts could easily exceed the net worth of the issuer.

This was the most shameful and most mindless form of speculation. Gamblers were betting hands that they could not cover. The US regulators fled their posts. The American financial institutions abandoned all integrity. As a consequence, American financial institutions and rating agencies are trusted nowhere on earth.”

This is the forecast that you can bank on.

Obama Destroys The Middle-Class

According to a survey conducted by Gallup on August 15, 2013, Obama’s Economic Approval rating has slipped to 35%. A full two-thirds of the American people are now dissatisfied with Obama’s performance vis a vis the economy. The survey mirrors the results of an earlier poll (Aug 12) which found that a mere “Twenty-two percent of Americans say they are satisfied with the direction of the country… Three-quarters of Americans are now dissatisfied with the nation’s course.” (Gallup)

The surveys show that people are finally beginning to realize that Obama has been an unmitigated disaster and that the propaganda about economic recovery is just meaningless hype. To underline how bad things really are, consider this:

“Over the last six months, of the net job creation, 97 percent of that is part-time work,” said Keith Hall, a senior researcher at George Mason University’s Mercatus Center quoted by McClatchy Washington Bureau. Hall was head of the US Bureau of Labor (BLS) Statistics from 2008 to 2012.

Citing the BLS Household Survey, Hall said that over the past six months 963,000 more people reported that they were employed while 936,000 of them reported they were in part-time jobs. Hall continued, “That is a really high number for a six-month period. I am not sure that has ever happened over six months before.” (“Report: 97 percent of new US jobs are part-time”, World Socialist Web Site)

The only jobs being created under Obama are low-paying service sector positions that don’t pay enough to meet the rent. Which is why a record number of young people are living at home. Have you seen this?

“Last year, a record 36 percent of people 18 to 31 years old — roughly the age range of the generation nicknamed the millennials — were living in their parents’ homes, according to a new Pew Research Center analysis of Census Bureau data. …And despite the frequent stories of recent college graduates stuck on their parents’ couches (or in their basements or above their garages), it is actually young people without bachelor’s degrees who are most likely to be living at home….” (“Millennials, in Their Parents’ Basements”, Catherine Rampell, New York Times)

Don’t kid yourself, it’s nearly as bad for college grads. The only difference is that after you’ve wracked up $40,000 or $50,000 in student loans, you can proudly display your sheepskin on the wall in your Dad’s attic where you spend your days combing the internet for jobs that no longer exist in the good old USA.

And another thing: The only reason unemployment has gone down at all is because so many people have stopped looking for work altogether and fallen off the radar. If the BLS counted these lost souls, we’d be looking at 11.2% unemployment instead of the bogus 7.4 percent figure. But who cares what the numbers are at this point. What matters is that the economy stinks, and the smiling idiot at the top deserves a lot of the credit for that.

Did you know that according to the National Institute on Retirement Security, 45 percent of working-age households have no retirement savings at all? On top of that, high unemployment and hard times have forced more and more people to dip into their 401Ks just to make ends meet, which means that things are worse than the numbers indicate. Has Obama made any effort to address the pension catastrophe facing baby boomers and Generation Xers in the years ahead?

Sure, he has. He appointed a commission of deficit hawks (Bowles-Simpson) to figure out clever ways to cheat people out of their Social Security. That’s why Obama’s approval rating is circling the plughole, because people are finally wising-up to what a phony he is. Check this out from Dean Baker:

“It is unfortunate that President Obama has proposed a budget that has substantial cuts to Social Security. The vast majority of seniors are already struggling. The proposed cuts would be a reduction in their income of more than 2 percent. By contrast, his tax increase last fall cut the after-tax income of the typical wealthy household by less than 0.6 percent…

President Obama has accepted the agenda of the Washington elite, putting cuts to Social Security and Medicare at the center of his budget and offering little that will help to speed the growth of the economy and create jobs.” (“Obama Accepts the Agenda of Misguided Washington Elites”, Dean Baker, CEPR)

Amen, to that, Dean. And have you noticed the strong growth surge under Obama?

No, of course not, because there hasn’t been one. The second quarter (Q2) GDP just clocked in at a miserable 1.7 percent, most of which was due to an unexpected uptick in inventories. Absent that, GDP would have been below 1 percent which would be an embarrassment for anyone except the narcissist in chief. Get a load of this from Nick Beams at the WSWS:

“Over the past three quarters the US economy has grown at an annualized rate of only 0.96 percent, exposing the claims of the Obama administration that a “recovery” is underway. The fact that the US economy is able to achieve a growth rate just one sixth of the post-World War II average indicates that deep structural changes have taken place within the American economy and anything approaching previous growth rates will not be seen again.” (“US growth and jobs figures point to continuing economic breakdown”, Nick Beams, World Socialist Web Site)

Astonishing! Under 1 percent GDP for the last three quarters. What a joke.

The reason the economy isn’t growing is because the people in charge don’t want it to grow. It’s that simple. I mean, how hard is it to boost GDP: You spend a little money, you run up the budget deficits and “Viola”, the economy grows! It ain’t rocket science. What Obama and his paymasters want, is a subtler form of “structural adjustment”. (Subtler than the Euro-model, that is.) This is typical of the Democrats; they’re always trying to prove they can implement the same hard-right policies with more finesse than their blundering counterparts. But it all amounts to the same thing, doesn’t it? Everyone knows that the middle class is getting clobbered while all the gravy is flowing to the parasites on top.

Here’s something else from Beams article concerning the “disconnect between the level of profits and the rate of investment”:

“While pre-tax corporate profits are at record highs, amounting to 12 percent of GDP, net investment is barely 4 percent of output…. Increased profits are not being used to expand production, as took place in the past, but are increasingly being used to finance stock buybacks, so as to increase the rate of return on shareholders’ capital…

This result indicates that rising profits are no longer being produced by an expansion of the market, as they were in the past, but are increasingly the result of cost-cutting, as firms raise their bottom line by grabbing an increased share of a stagnant or contracting market from their rivals. In other words, the once “normal” process of capitalist accumulation—increasing investment leading to an expanding market, higher profits and further investment—has completely broken down.” (“US growth and jobs figures point to continuing economic breakdown”, World Socialist Web Site)

This is more than a minor technicality. If corporate profits are being recycled into stock buybacks and dividends instead of capital improvements and investment, then Obama’s deficit cutting policies are actually squelching growth rather than fueling it. Now take a look at this from Media Matters:

“The Congressional Budget Office has estimated that the sequester “will halve U.S. growth in 2013.” MarketWatch explained:

“U.S. economic growth in 2013 will be 1.4%, the Congressional Budget Office estimated on Tuesday….. CBO said however that growth would be about 1.5 percentage points faster in 2013 if not for fiscal tightening including the so-called budget sequester.” (“WSJ Ignores Experts To Downplay Harmful Economic Consequences Of Sequester”, Media Matters)

Looks like the CBO nailed it, doesn’t it? After all, there’s only a small difference between 1.7 percent and the predicted 1.4 percent. For all practical purposes, they’re the same. The economy is still not creating enough jobs, growth, or momentum. The world’s biggest economy is essentially dead-in-the-water, just where Obama wants it to be. That way he can compress wages, increase hardship, and further concentrate wealth and power at the top. Hurrah for Obama, Champion of the 1 percent!

Most people have figured out what’s going on by now. Our charismatic hologram president has led us down the primrose path. All the promises of hope and change were pure malarkey, not a word of truth to any of it. 10 million workers still can’t find a job, 47 million people are on foodstamps, 5 million borrowers are in some stage of default on their mortgages, the share of productivity gains going to workers is smaller now than anytime on record, “four out of 5 U.S. adults struggle with joblessness, near poverty or reliance on welfare for at least parts of their lives” (Associated Press), and according to the Fed’s 80-page tri-annual Survey of Consumer Finances, the median net worth of middle class families in the US fell by 38.9 percent between 2007 and 2010″ while “the median value of a US home dropped by 42 percent.”

Face it, Obama has been a disaster. Discretionary federal spending is lower than it’s been in a half-century, while the budget deficits are falling faster than anytime since WW2. What does that mean? It means Obama is sucking the stimulus out of the economy to put more pressure on wages and to reduce working people to grinding third-world poverty. It’s a stealth version of starve the beast, and it’s working like a charm. The middle class is taking it in the stern-sheets while Obama’s moneybags buddies laugh all the way to the bank.

Escape From Wall Street

This bankster run system does not work for you and I. After reading this article and you still have not taken your money out of their banks and you have not stopped shopping in globalist stores like Walmart and you are not planning to trade and barter with your neighbors as well as grow your own food, then you get the dismal future you deserve. If you stay in the banksters system and continue to participate in this rigged game stemming from Wall Street, you are sowing the seeds of your own destruction!

There Is a New Elephant in the Room

There are a series of new free trade agreements which threaten to obliterate the cities of the United States in the same manner we have witnessed in Detroit. Among the worst of these new free trade agreements is the one entitled “Increasing American Jobs Through Greater Exports to Africa Act of 2013 (H.R. 1777).”

The premise of this article is based upon the fact that Detroit was primarily destroyed by the anti-worker free trade agreements of NAFTA and CAFTA.

If the complete destruction of one American city was not enough, through NAFTA and CAFTA, we should all be concerned that Congress is preparing to pass H.R. 1777. H.R. 1777 is not just another free trade agreement, but this is far worse than NAFTA and CAFTA in that this bill takes American taxpayer money and funds industrial infrastructure in many of the 54 African countries in order to make them “factory ready.” America, you are soon going to be forced to fund your own economic demise. Not only will you likely lose your job, witness your city going broke, but you will go deeper into debt paying the taxes that Congress will require to fund the African Free Trade Agreement.

Before discussing the impact of H.R. 1777 on America as a whole, we can get a strong sense of what it is going to be like when this bill passes by quickly examining the impact of NAFTA and CAFTA on Detroit.

NAFTA, CAFTA and the Destruction of the Motor City

At the height of Detroit’s success as a city. the city was a representation of the American middle class dominance. It was greatest manufacturing city ever seen on the planet. Detroit once made cars that were the envy of the world.

At its peak, Detroit was the America’s fourth-largest city, with more than 1.8 million people. Detroit’s population losses began in the 1960s with migration to the suburbs. Then in the 1990′s Detroit fell victim to global politics in the names of NAFTA and CAFTA and literally, the roof caved in.

Today, 30% of Detroit’s 140 square miles are either vacant or deserted. Detroit used to be the fourth-largest city in the US, with a population of nearly 2 million people. Today, Detroit has less than 700,000 residents. There are more than 33,500 vacant housesand over 90,000 vacant lots in Detroit. The city government is razing entire city blocks of business buildings and residential homes. If you are the only one left on your block, you are forced to move and if you are lucky you will receive $10,000 for your home.

Under NAFTA and CAFTA, virtually all tariffs were eliminated so that manufacturers could shut down U.S. plants and relocate to the third world in order that they could pay their new, foreign workers slave labor wages. Then, adding insult to injury, when NAFTA and CAFTA eliminated tariffs, they made it possible for the multinational corporations to ship these foreign made products back into the U.S. and pay no import taxes at all. Thus, the great city of Detroit was destroyed.

The National Impact of the African Free Trade Agreement

Soon after H.R. 1777 passes, every major city is going to look like Detroit. As bad as NAFTA and CAFTA are, at least the government did not take trillions of America dollars to build infrastructure in foreign labor markets. Yet, this is exactly what the African Free Trade Agreement is going to do.

I have to hand it to Congress for their undisguised boldness as they are not even hiding this private theft of public money. Additionally, Congress has the nerve to title this bill in such a way that it appears that American jobs are going to be created by passage of the bill. Sadly, most of the sheep will believe them.

How can I be sure that H.R. 1777 will be passed?

A Wolf In Sheep’s Clothing

In addition to H.R. 1777, SB 718 “Increasing American Jobs Through Greater Exports to Africa Act of 2013,” is being run through the Senate. The language for both bills is identical.

Additionally, the text of H.R. 1777 turns up in SB 431, the Nepal Trade Preferences Act, and SB 432, the Asia-South Pacific Trade Preferences Act. The language for all four bills is virtually identical.

Why do the banksters need all four bills with the same language? Simple, if one bill does not pass, the other three bills still have a chance.

For those who do not think that Congress doesn’t cater to the whims of Wall Street, explain why these bills contain provisions for global health, global education, global transportation and global water?

Make no mistake about it, there is an excellent chance that at least one of these bills will pass.

Conclusion

This bill is being perpetrated by the international banksters on Wall Street. Why do we continue to fund this criminal government, who in turns funds Wall Street? The solution resides in defunding the government which hands our money and our jobs over to the thugs on Wall Street. It makes no sense to continue funding our demise.

There are several options. First, there are countries which would be happy to accept skilled Americans because of the boost to their economy. Can you imagine if 100 million Americans suddenly left the country? Certainly, the government would eventually move to impose an iron curtain type of restriction on leaving the country.

Secondly, we should withdraw from the Wall Street system as much as possible. I can see the day where people cash out of their 401K’s (the government is preparing to steal them anyway), withdraw money from your bank account and invest with other like-minded people in a farm collective. Trading and bartering would be the new underground economy. By owning farms, urban refugees would be food sufficient, could become water sufficient with the proper planning and we could largely be out of the reach of the feds. However, there is one caveat. In a brilliant move, the Obama administration and the Supreme Court mandated participation in the Obamacare system. In my opinion, this was establishment’s way to keep people in their system. Obviously, defying the dictates of Obamacare would have to become our first line of civil disobedience.

There is a third option. The American people could defy the tyrannical laws to the point where the country erupts into a civil war. I prefer the second option because it comes the closest to nonviolent revolution. However, my instincts and knowledge of history tells me we are in for a very serious civil war. The flash point for what is coming will be gun confiscation.

Of course, the fourth option is to acquiesce. Presently, that is what well over half the country is presently doing. It is sad to think that so many will go quietly into the night without putting up a fight.

At the end of the day, all Americans have a choice on whether we are going to stop funding our destruction.

Source: Dave Hodges  |  The Common Sense Show | War Is Crime

How The Corrupt Establishment Is Selling Moral Bankruptcy To America

Morality is a highly misunderstood component of human nature. Some people believe they can create moral guidelines from thin air based on their personal biases and prejudices. Some people believe that morality comes from the force of bureaucracy and government law. Still, others believe that there is no such thing; that morality is a facade created by men in order to better grease the wheels of society.

All of these world views discount the powerful scientific and psychological evidence surrounding Natural Law — the laws that human beings form internally due to inherent conscience regardless of environmental circumstances. When a person finally grasps inborn morality, the whole of the world comes into focus. The reality is that we are not born “good” or “evil.” Rather, we are all born with the capacity for good AND evil, and this internal battle stays with us until the end of our days.

Every waking moment we are given a choice, a test of our free will, to be ruled by desire and fear, or to do what we know at our very core is right. When a man silences his inner voice, the results can be terrible for him and those around him. When an entire culture silences its inner voice, the results can be catastrophic. Such a shift in the moral compass of a society rarely takes place in a vacuum. There is always a false shepherd, a corrupt leadership that seeks to rule. Rulership, though, is difficult in the face of an awake population that respects integrity and honor. Therefore criminals must follow these specific steps in order to take power:

Pretend To Be Righteous: They must first sell the public on the idea that they hold the exact same values of natural law as everyone else. The public must at first believe that the criminal leaders are pure in their motives and have the best interests of the nation at heart, even if they secretly do not.

Pretend To Be Patriotic: Despots often proclaim an untarnished love of their homeland and the values that it was founded upon. However, what they really seek is to become a living symbol of the homeland. They insist first that they are the embodiment of the national legacy, and then they attempt to change that national legacy entirely. A corrupt government uses the ideals of a society to acquire a foothold, and when they have gained sufficient control, they dictate to that society a new set of ideals that are totally contrary to the original.

Offer To “Fix” The Economy: Tyrants do not like it when the citizens under them are self sufficient or economically independent. They will use whatever methods are at their disposal including subversive legislation, fiat currency creation, corporate monopoly and even engineered financial collapse in order to remove the public’s ability to function autonomously. They will begin this process under the guise that the current less-controlled and less-centralized system is “not safe enough,” and that they have a better way to ensure prosperity.

Offer To Lend A Hand: Once the population has been removed from its own survival imperative and is for the most part helpless, the criminal leadership moves in and offers to “help” using taxation and money creation, slowly siphoning the wealth from the middle class and raising prices through inflation. Eventually, everyone will be “equal”; equally poor that is. In the end, the whole nation will see the rulership as indispensable, for without them, the economy would no longer exist and tragedy would ensue.

Create External Fear: Once in place, the criminal leadership then conjures an enemy for the people, or multiple enemies for the people. The goal here is to create a catalyst for mass fear. When the majority of people are afraid of an external threat, they will embrace the establishment as a vital safeguard. When a society becomes convinced that it cannot take care of itself economically, little coaxing is required to convince them that they are also not competent enough to take care of their own defense. The government not only becomes caregiver and nanny, but also bodyguard.  At this point, the establishment has free reign to dissolve long cherished liberties while the masses are distracted by a mysterious threat hiding somewhere over the horizon.

Create Internal Fear: They move the threat from over the horizon, right to the public’s front door, or even within their own home. The enemy is no longer a foreigner. Now, the enemy is the average looking guy two houses over, or an outspoken friend, or even a dissenting family member. The enemy is all around them, according to the establishment. The public is sold on the idea that the sacrifice needed in order to combat such a pervasive “threat” is necessarily high.

Sell The People On The Virtues Of Moral Relativism: Now that the populace is willing to forgo certain liberties for the sake of security, they have been softened up enough for reprogramming to begin. The establishment will tell the people that the principles they used to hold so dear are actually weaknesses that make them vulnerable to the enemy. In order to defeat an enemy so monstrous, they claim, we must become monstrous ourselves. We must be willing to do ANYTHING, no matter how vile or contrary to natural law, in order to win.

Honesty must be replaced with deceit. Dissent must be replaced with silence. Peace must be replaced with violence. The independent should be treated with suspicion. The outspoken treated with contempt. Women and children are no longer people to be protected, but targets to be eliminated. The innocent dead become collateral damage. The innocent living become informants to be tortured and exploited. Good men are labeled cowards because they refuse to “do what needs to be done,” while evil men are labeled heroes for having the “strength of will” to abandon their conscience.

Thus, the criminal leadership makes once honorable citizens accomplices in the crime. The more disgusting the crime, the more apt the people will be to defend it and the system in general, simply because they have been inducted into the dark ceremony of moral ambiguity.

The actions of the state become the actions of all society. A single minded collectivist culture is born, one in which every person is a small piece of the greater machine. And, that which the machine is guilty of, every man is guilty of. Therefore, it becomes the ultimate and absurd purpose of each person within the system to DENY the crime, deny the guilt, and make certain that the machine continues to function for generations to come.

Though we have already passed though most of the above stages, Americans are still not yet quite indoctrinated into the realm of moral relativism. This, though, is swiftly changing.

The Current Sales Pitch

Just take a look at the attitude of the Obama Administration and the mainstream media towards Edward Snowden and his recent asylum approved by Russia.

The White House, rather than admitting wrongdoing in its support for the NSA’s mass surveillance of American citizens without warrant, or even attempting to deny the existence of the PRISM program, is now instead trying to promote NSA spying as essential to our well being while wagging a finger of shame at Snowden and the Russian government for damaging their domestic spy network. Obama has lamented on Russia’s stance, stating that their thinking is “backwards.”

Did I miss something here? I’m no fan of the Russian oligarchy, but shouldn’t Obama and most of the NSA (let alone every other Federal alphabet agency) be sitting in a dark hole somewhere awaiting trial for violating the Constitution on almost every level? Yet, we are instead supposed to despise Snowden for exposing the crime they committed and distrust any country that happens to give him shelter?

Due to public outcry, Obama has attempted to pacify critics by announcing plans to make NSA mass surveillance “more transparent”. First, I would like to point out that he did NOT offer to end NSA spying on Americans without warrant, which is what a President with any ounce of integrity would have done. Second, Obama’s calls for more transparency have come at the exact same time as the NSA announces its plans to remove 90 percent of its systems administrators to make sure another “Snowden incident” does not occur.

Finally, when the public called for an investigation into the NSA and the Director of National Intelligence in the handling of the Snowden affair and the PRISM program, the White House appointed none other than James Clapper, the Director of National Intelligence, as part of the team that would “investigate” any wrongdoing.  The Obama Administration insists that Clapper, a documented liar who told Congress that the NSA was not involved in mass domestic spying, was not going to “head” the panel of investigators, even though a White House memo specifically named Clapper as the man who would form the so-called “independent group”.  The White House still admits that Clapper will be involved in the process.

So, just to reiterate, the people who perpetrated the criminal act of warrant-less surveillance on hundreds of millions of Americans, and who were caught red-handed lying about it, are now appointed to investigate their own crime.

Does this sound like a government that plans on becoming “more transparent”?

Ask yourself, would Obama have called for ANY transparency over the NSA whatsoever if Snowden had never come forward? Of course not! The exposure of the crime has led to lies and empty placation, nothing more.

In the meantime, numerous other political miscreants have hit the media trail, campaigning for the NSA as well as other surveillance methods, bellowing to the rafters over the absolute necessity of domestic spy programs. Fifteen years ago, the government would have tried to sweep all of this under the rug. Today, they want to acclimate us to the inevitability of the crime, stating that we had better get used to it.

Their position? That Snowden’s whistleblowing put America at risk. My questions is, how? How did Snowden’s exposure of an unConstitutional and at bottom illegal surveillance program used against hundreds of millions of innocent Americans do our country harm? Is it the position of the White House that the truth is dangerous, and deceit is safety?

I suspect this is the case considering the recent treatment of military whistleblower Bradley Manning, who has been accused by some to have “aided Al Qaeda’s recruiting efforts” through his actions.  How did Manning do this? By releasing information, including battlefield videos, that were hidden from the public containing proof of U.S. war crimes in Iraq and Afghanistan.

Perhaps I’m just a traditionalist and not hip to modern diplomatic strategy, but I would think that if you don’t want to be blamed for war crimes, then you probably shouldn’t commit war crimes. And, if you don’t want the enemy to gain new recruits, you should probably avoid killing innocent civilians and pissing off their families (there is also ample evidence suggesting that the CIA has done FAR more deliberate recruiting for Al Qaeda than Bradley Manning could have ever accomplished on accident). Just a thought.

So, to keep track – U.S. government funds and trains Al Qaeda, but is the good guy. U.S. government commits war crimes, but is the good guy. U.S. government hides the truth from the American people, but is the good guy. Bradley Manning exposes war crimes, and is the bad guy. Moral relativism at its finest. Moving on…

The shift towards moral bankruptcy is being implemented in the financial world as well. Investors, hedge funds, and major banks now surge into the stock market every time the private Federal Reserve hints that it may continue fiat stimulus. When bad news hits the mainstream feeds, people playing the Dow casino actually cheer with glee exactly because bad economic news means more QE from the Fed. They know that the Fed is artificially propping up the markets. The Fed openly admits that it does this. And, they know that our fiscal system is hanging by a thin thread. And you know what, very few of them care.

The Fed created the collapse with easy money and manipulated interest rates, and now, some people cheer them as the heroes of the U.S. financial structure.

The American narrative is quickly changing. There has long been criminality and degeneracy within our government (Democrat and Republican) and the corporate cartels surrounding it, but I believe what we are witnessing today is the final step in the metamorphosis that is totalitarianism. The last stage accelerates when the average citizen is not just complicit in the deeds of devils, but when he becomes a devil himself. When Americans froth and stomp in excitement for the carnival of death, and treat the truth as poison, then the transformation will be complete.

Source: Brandon Smith | Alt-Market

Neo-Feudalism

A Growing Precariat Class…

I knew a man whose wife divorced him and who never remarried.  He liked women and for the remainder of his life he had affairs with several.  His exuberant intentions were good but he was blind to the preferences of the people he intended to help (usually women friends) and they often resisted his plans.  He went through life intending to do good deeds that were often barely tolerated.

Public television recently ran a documentary on the Rockefeller family.  My friend and the Rockefeller family had a common goal of bettering the lives of others whether they like it or not.  David Rockefeller promotes the new world order because he sincerely believes world government benefits mankind.  He and other like minded individuals seem to have the power to move their goal forward but they are meeting heavy resistance from multitudes who cherish freedom, hate tyranny and prefer to make their own choices.

Competition is a fitting impetus to a healthy business environment. But competition produces winners and losers.  Unfortunately, all men are not created equal. (Jefferson’s claim in the Declaration of Independence notwithstanding).   Some men have superior abilities, allowing them an advantage over their fellows.  Men who win in the money war become wealthy while losers become relatively poor.  The libertarian nature of the early American business culture provided a realistic example of the outcome of free Capitalism.  Several families accumulated massive fortunes and were able to shelter their wealth allowing an extended influence on the culture.

John D. Rockefeller (1839-1937). was raised in poverty by a Christian mother.  His father was often absent. The family lived in Ohio during the birth of the oil industry.  He was an astute competitor who successfully used the freedom of Capitalist system to gain control of a majority of the industry.  In spite of government intervention he preserved the family fortune allowing his descendents to wield the power of great wealth through successive generations.

J. P. (John Pierpont) Morgan (1837-1913) was a key recipient of the bounty of Capitalism.  A Connecticut banker Morgan gained control over much of the country’s manufacturing base.  He formed U. S. Steel Corporation and on at least two occasions (one with Rothschild help) bailed out the U. S. government.

Andrew Carnegie (1835-1919)  came to the United States from Scotland in his early teens.  He was an astute businessman who enjoyed success in several different enterprises.  Ultimately he became extremely wealthy by creating the world’s largest steel mill.  The mill was finally sold to J. P. Morgan and became a major part of U. S. Steel Corporation.

Cornelius Vanderbilt (1794-1877) was an uneducated farm boy of Dutch and English extraction, his thrifty ways allowed him to prosper by moving goods by steamship around New York City.  As the railroads took over the freight moving business he used his profits to invest in the railroads.  Though uncouth in manner he was astute in business.

Henry Ford (1863-1947) made his fortune in a later era.  He reduced manufacturing costs and made products available to the general population by using an assembly line to mass produce automobiles. Mass production was the crown of the industrial revolution making its benefits available to everyone.

Bill Gates (1955 –   ) a contemporary “robber baron” started and nurtured software giant Microsoft into the world’s pre-eminent producer of computer software.  He was criticized for his business practices and called before congress but he warded off the government wolves and saved his company.   He and his wife Melinda are now busy managing their Foundation. .    

Hundreds of fortunes have been made in the United States.  These six are well known. All had the advantage of living in times when the conduct of their businesses was largely unencumbered and they could garner great riches from a wealthy nation.  They were criticized for cutting prices and buying up competition but both of these practices are legal in a free Capitalist system; they did it better than their competitors.

Corporations and Foundations are stores of wealth and power. They are artificial entities that function as individuals.  They can and often do grow into quasi-monopolies that can be controlled with a small percentage of the outstanding stock.  Real Estate appreciation and the steep rise in value of hard assets produces riches but the primary source of great wealth is the huge increase in value of the stock of a successful company.  Foundations are usually spawned with shares of stock.  They depend upon profits from stocks for their income.  Stocks are a store of wealth.

Bill Gates became one of the wealthiest men in the world through ownership of stock in Microsoft Corporation, a company he nurtured to greatness. Using that stock he and his wife Melinda have formed the Bill and Melinda Gates Foundation, the largest in United States and second largest in the world.

The stock market uncouples the cost of a stock from its real value as an ownership unit and allows speculation to determine value.  In a bull market a popular stock, as a fractional unit of owner ship, might have a real value of $10.00 but sell on the market for $100.00.  Owners of successful business enterprises who retain or purchase large blocks of stock can enjoy a massive increase in wealth that has no relation to value or effort.

We see this principle play out in the price of gasoline.  The real cost of oil at the well head might be $10.00 a bbl. but on the commodities market it sells for $100.00.  Consumers pay the inflated market price and the well owners enjoy a massive increase in income.

Before the revolution English Corporations had exploited the colonies and in its early years the United States government was wary of corporate power.  .  For decades, until the Civil War, corporations were strictly regulated.

The Internet page Reclaiming Democracy provides this information:

• Corporate charters (licenses to exist) were granted for a limited time and could be revoked promptly for violating laws.
• Corporations could engage only in activities necessary to fulfill their chartered purpose.
• Corporations could not own stock in other corporations nor own any property that was not essential to fulfilling their chartered purpose.
• Corporations were often terminated if they exceeded their authority or caused public harm.
• Owners and managers were responsible for criminal acts committed on the job.
• Corporations could not make any political or charitable contributions nor spend money to influence law-making.

The Civil War brought an end to restrictions on corporate power.  Corporate agents infested both state and federal governments; they bribed officials, enjoyed huge profits, gained limited liability, more autonomy, and extended charters.  The corporate demon was loosed!

Most Americans know of Foundations but few know much about them.  Foundations are tax-free instruments that allow the winners of the money war to protect their wealth from taxation and exert some control over how it is used    According to “The Non-Profit Times” private foundations have at least four characteristics:

• It is a charitable organization and thus subject to the rules applicable to charities generally;
• Its financial support came from one source, usually an individual, family, or company;
• Its annual expenditures are funded out of earnings from investment assets, rather than from an ongoing flow of contributions; and,
• It makes grants to other organizations for charitable purposes, rather than to its own programs

Foundations have few restrictions.  They are not dogged by the media or overseen by congress. Wealthy donors are seldom confronted by elected officials who might at some point seek their donations.

Billions of dollars are sheltered by Foundations and the income earned is frequently used to support an elite agenda.  The world is often impacted and sometimes altered by the organizations these Foundations support but people are usually unaware of the source of the change.  Foundations are big supporters of world government; they supported the Feminist Movement and donate heavily to woman’s rights, the homosexual agenda enjoys large grants, as does Planned Parenthood, there are also big efforts to influence other nations.  The Global Fund for women is a relatively new foundation but their U. S. giving provides a glimpse of the humanist agenda supported by the Foundation culture.

Writing in “” (Vol. 18, No. 2, 2003) Valerie Aubourg contends that the Bilderberg meetings were organized by European Elites with help from American sources as well as the Rockefeller Foundation, the Ford Foundation and the CIA.

The Foundation Center lists some past foundation grants, “dissidents and intellectuals in Eastern Europe in the 1970s and 1980s, funded legal challenges to apartheid in South Africa starting in the 1970s, and helped human rights groups in Latin America in the 1970s and 80s. Foundations supported work on AIDS at home and abroad when those with the disease were stigmatized; they pushed for public policies to address climate change when the U.S. federal government denied there was a problem of global warming; and they established a dialogue with Iran when the U.S. and Iranian governments were not talking directly to each other. Building on the early vision and practice of Rockefeller, Carnegie, and Ford, today’s foundation leaders see these problems in global, not just American terms; seek to address them on a worldwide scale; and directed considerable resources around the world to that end.”

In the Washington Post, Michael McFaul, a Senior Fellow at the Hoover Institute, describes Foundation interventions: “Did Americans meddle in the internal affairs of Ukraine? Yes. The American agents of influence would prefer different language to describe their activities — democratic assistance, democracy promotion, civil society support, etc. — but their work, however labeled, seeks to influence political change in Ukraine. The U.S. Agency for International Development, the National Endowment for Democracy and a few other foundations sponsored certain U.S. organizations, including Freedom House, the International Republican Institute, the National Democratic Institute, the Solidarity Center, the Eurasia Foundation, Internews and several others to provide small grants and technical assistance to Ukrainian civil society. The European Union, individual European countries and the Soros-funded International Renaissance Foundation did the same.”

Large amounts of U. S. Foundation money go to organizations located in Switzerland and England. Open the link, (wait for it to load) click on Switzerland and England and note the number of grants to International organizations.   While American citizens sign petitions and hold rallies, powerful U. S. Foundations often finance the programs concerned citizens groups are trying to prevent.

The Rockefeller Foundation is one of three funds supported by the Rockefeller family.  The other two are The Rockefeller Brothers Fund and the Rockefeller Family Fund.   The Rockefellers are famous for supporting studies on Eugenics.  here and here  They are also big supporters of Globalism and according to Andrew Gavin Marshall one of the most powerful families in the world.  He describes the breadth of Rockefeller influence: “Initially through the Standard Oil empire, which was broken up into corporations we now know as ExxonMobil, Chevron and others, Rockefeller influence was prominent in universities (notably the University of Chicago and Harvard), in finance, with Chase Manhattan Bank (now JPMorgan Chase), in the creation and maintenance of major foundations (Rockefeller Foundation, Rockefeller Brothers Fund, Rockefeller Family Fund) and in the establishment and leadership of major think tanks (Council on Foreign Relations, Trilateral Commission, Bilderberg), all of which created access to political and social power that shaped institutions, ideologies and individuals on a vast scale.”

The Financial Times reported in May of 2012,”Two of the best-known business dynasties in Europe and the US will come together after Lord Jacob Rothschild’s listed investment trust and Rockefeller Financial Services agreed to form a strategic partnership, with the Rothschild-owned RIT Capital Partners purchasing a 37% stake in the Rockefeller family’s ‘wealth advisory and asset management group.’This ‘transatlantic union’, noted the Financial Times, ‘brings together David Rockefeller, 96, and Lord Rothschild, 76 – two family patriarchs whose personal relationship spans five decades.’”

I could not find a Foundation for the descendents of J. P. Morgan but Jamie Dimon, CEO of J. P. Morgan Chase, the world’s largest bank ($13 trillion assets), describes their current philosophy this way, “Diversity is a cornerstone of our global corporate culture, and we continue to build upon it by: Linking management rewards to progress in achieving diversity; identifying top talent and building development plans accordingly; seeking a diverse slate of candidates for all key job openings; building a pipeline for diverse talent by working closely with universities and key industry groups;  actively involving our people – through employee networking groups, annual forums, open discussions with senior leaders, seeking input on multicultural marketing efforts, and partnering on community activities; and, offering a comprehensive set of policies, programs and benefits to meet the changing needs of a wide spectrum of individuals”

The Carnegie Foundation lists many of its recipients in this database:  Most of the big Foundations support world peace and feminism.  Many make donations to the Council on Foreign Relations and the Carnegie Endowment for International Peace.  The boards of directors of the large foundations and the major international corporations are made up of individuals who know each other, have a common agenda and often serve together on more than one board.

I did not find a contemporary Foundation for the Vanderbilt Family.  The Vanderbilt fortune suffered losses during the Twentieth Century but the family is still prominent; Gloria Vanderbilt and her son, Anderson Cooper, are well known descendents.

The Ford Foundation has an interesting history. John J. McCloy became president of the Ford Foundation in 1954.  McCloy, a consummate insider, used the foundation as a cover for CIA agents making it almost a subsidiary of the U. S. Government.   Henry Ford exposed the Talmudist Jewish conspiracy and when the Foundation gave some support to the Palestinians it was excoriated as an anti-Semitic organization.  It repented and ceased supporting Paletinian causes.  The Ford Foundation provides serious support for National Public Radio and like many others it helps finance the Council on Foreign Relations.  Both the Rockefeller Family Fund and the Ford Foundation support the Third Wave Foundation, a fast growing, fifteen year old organization that “supports young people creating new models of leadership that strengthen community efforts to resist oppression and ensure justice, that are led by and for young women, transgender, and gender non-conforming youth and queer youth of color.”

Please take time to click on the Foundation links and look over the recipients of grants.  A short study will help you understand the nature of the organizations they support.  Foundations hold billions of dollars in assets.  The common interests of those that control these assets allow them to support programs outside and sometimes against the governments of the nations of the world.  Not only can they go around governments but they can and often do control them.  They are a powerful force for the privileged one percent.

The addiction to wealth often culminates in a quest for power.  This hunger to control has become more evident in the Twenty-First Century as the world’s neo-Feudal Lords have begun to exert their power for world dominance in the public realm.  They have succeeded in gaining control of the world’s most powerful nation and are using it to insert their tentacles into all corners of the Globe.  The theft of knowledge has succeeded through control of public education and the theft of wealth is well underway. Failure to curtail the centralization of power has exposed the world to the domination of an amoral, cruel and Godless oligarchy that is well on the way to enslaving mankind.

World corporations have become fewer and fewer and bigger and bigger.  International corporations benefit from globalization by acquiring multiple new marketing opportunities.  Wealthy corporations and foundations exert influence on the governments of the nations of the world.  Their leaders are members of the secret elite groups that meet and determine policy.  So far David Rockefeller’s dreams are progressing at a formidable rate.

It is not unusual for Christians to ignore significant scriptures.  The Law of the Sabbath Year has been significantly neglected for centuries.  It is doubtful that even ancient Israel practiced it properly.   The Bible describes the year of Jubilee like this: “You shall thus consecrate the fiftieth year and proclaim a release through the land to all its inhabitants.  It shall be a jubilee for you, and each of you shall return to his own property, and each of you shall return to his family.”  Land is to be returned to its original owners, debts are to be forgiven, and slaves are to be freed!

God created the world in six days and on the seventh day He rested.  Sunday, the Sabbath, is a day of rest.  God also applies this principle to years.  We are to plant and harvest for six consecutive years and on the seventh year the land is to lay fallow. Jubilee is to be celebrated in the year following seven Sabbaths of years – the fiftieth year.

There are several important principles contained in the 25^th Chapter of Leviticus: God makes a distinction between the people He has chosen and others. He supports competition but does not want permanent, burgeoning inequities of wealth among His people.  Benevolent slavery is condoned but His people are to be freed at jubilee. Foreigners do not enjoy the provisions of jubilee.  They can be used as slaves until their debts are paid.  Usury is forbidden among God’s people but not among foreigners.

Erroneous interpretations of scripture often nullify important principles.  Arminianism and modern methods of evangelism urge people to choose God destroying the Biblical doctrine of selection.  God’s chosen people are granted legal benefits that are lost in the doctrine of universal atonement.  The Bible teaches that Christians are a chosen people who have special legal rights that are not afforded to others.

Jubilee is God’s remedy for the inordinate accumulation of wealth and power.  It is a resource to correct the inequities that develop in a competitive society without depending on the arbitrary, emotion driven policies of frivolous politicians.

Today, in the United States the disparity between the wealthy and the remainder of our population is greater than ever before.  One percent of our population own 40 percent of the nation’s wealth.  .  The Middle Class is being destroyed and a permanent underclass is growing.  In the 1970s the upper 1 percent received 8 percent of the nation’s income, in 2010 that figure had risen to 21 percent.  The 400 wealthiest Americans own more than the bottom 150 million.   According to Andrew Gavin Marshall almost all of the wealth gains over the previous decade went to the top 1%. In the mid-1970s, the top 1% earned 8% of all national income; this number rose to 21% by 2010.

We have ignored the Word of God and are in the process of suffering the consequences.  God provided The Law of Jubilee to protect His people from human tyranny.  There is a righteous way of rectifying the imbalance of wealth that results from a competitive economy.  God’s Law always trumps the imagination of His creatures.

Christians are often described as followers of Jesus.  This definition is inadequate because Jesus is a servant to His Father.  He sits on the right hand of His father and judges the world.  Those who truly follow Jesus follow the Triune God: Father, Son, and Holy Ghost.  This concept brings the entire Bible into focus and sets up legal standards for Christian behavior.

“To learn who rules over you, simply find out who you are not allowed to criticize.” – – Voltaire (1694-1778)

Who Killed Detroit City And Why?

Cities don’t die because of happenstance. The city of Detroit has been murdered by the same forces that are slowly killing cities all across the United States.

Detroit Becomes the Largest US City to Declare Bankruptcy

On July 18, 2013, Detroit declared Chapter 9 bankruptcy to squelch most of their $18 billion in debts. The Chapter 9 filing occurred only four months after the appointment of an emergency financial manager. “Let me be blunt: Detroit’s broke,” says Michigan’s governor, Rick Snyder. Snyder went on to say that Detroit is the heart of Michigan and if Detroit is in trouble, Michigan is in trouble.

Detroit is the largest American city to declare bankruptcy, officially succumbing to job losses in the auto industry, decades of population flight, and the collapse of revenue to cover everything from policing to street lighting.

By the end of this article, the reader will come to see the prophetic wisdom of Governor Snyder’s words as the bankruptcy of Detroit is a portend of what is to come to most American cities.

Detroit Was Once the Pride of America

At the height of Detroit’s success as a city. the city was a representation of the American middle class dominance. It was greatest manufacturing city ever seen on the planet. Detroit made cars that were the envy of the world.

At its peak, Detroit was the America’s fourth-largest city, with more than 1.8 million people. Detroit’s population losses began in the 1960s with migration to the suburbs. Then in the 1990′s Detroit fell victim to global politics and literally, the roof caved in.

How It All Went Wrong

Today, almost 30% of Detroit’s 140 square miles are either vacant or deserted. Detroit used to be the fourth-largest city in the US, with a population of nearly 2 million people. Today, Detroit has less than 700,000 residents. There are more than 33,500 vacant houses and over 90,000 vacant lots in Detroit. The city government is razing entire city blocks of business buildings and residential homes. If you are the only one left on your block, you are forced to move and if you are lucky you will receive $10,000 for your home.

The median price of a home in Detroit is only $9,000! In some areas in Detroit, you can buy a house for just $100. There are approximately 85,000 streetlights in Detroit, but copper thieves have stripped so much wiring out  that many of the lights are not working. The Mayor of Detroit previously announced that he will reduce the number of streetlightsto almost half the existing total down to 46,000.

Today, sixty percent of Detroit’s children live in poverty, when less than 45 years ago, Detroit boasted the highest per capita income in the United States. Today, Detroit does not have one chain supermarket left in the city.

It has one of the highest murder rates in its country. Its infrastructure has been gutted. Real unemployment may be as high 20% in some parts of the city. This is a real bad city to not be able to find a cop and with the new cutbacks, it is really hard to find a cop because most police stations in Detroit now only open to the public for 8 hours per day. So, if you have to defend yourself, you better be prepared to get through the night on your own. You can call the police on your Obama phone, however, you better only call between 8am and 5pm. Just how dangerous is it? Justifiable homicide in Detroit rose by an amazing 79% during 2011.

The Globalists Murdered Detroit City

The globalists murdered Detroit through the various free trade agreements. Through NAFTA, GATT, and CAFTA, American auto manufacturing were free to ship their factories overseas in search of near slave labor markets. The passage of these free trade agreements made it possible to hire foreign slave laborers and without the now prohibited tariffs on imports, the globalist controlled corporations could ship slave labor manufactured products back into the United States. Our government failed to protect manufacturers and the net effect is that we are beginning to see third world conditions inside of the United States in cities such as Detroit and it is spreading like wildfire. Since the 1970′s, America has lost 86% of its manufacturing jobs. Actually, the Globalists have been trying to get rid of American tariffs for 100 years in the name of free trade. Look up the Payne-Aldrich Tariff, it is part of our history. A year later, we got the Federal Reserve Act of 1913 and then real fun began in earnest.

Tariffs used to pay our national debt. This is no longer, we replaced tariffs with the Income Tax Amendment. If you are reading this historical facts for the first time, you have to be getting angry. And who could blame you for getting angry? You and I should not be paying income tax, tariffs should be paying for the national debt. We are paying income tax because the globalists wanted free trade and it is our “duty to pay” so they can maximize their profits. The third leg of this scheme was to introduce fiat currency where bankers could invent money out of thin air which caused our money to now be worth less than 4 cents for what used to be a dollar.

Now, back to Detroit which helps us understand where we are headed. You may not live in an area of the country in which the jobs are headed overseas. However, you have been targeted for de-industrialization through Obama’s Cap and Trade policies which he has declared he will initiate through Executive Order as this president continues to carry out his Agenda 21 goals.

If you ever let Agenda 21 get a grip on your city, the result will be like Detroit and will result in abject poverty as a result of green zones, Wildlands, promises of Smart Growth, saving the planet from global warming and economic growth inhibitors, etc. By the way, the globalists have the guts to build a $25 million dollar light rail in Detroit, right in the middle of this rotting corpse.

What Happens When a City Goes Into Default?

Look for an organization such at the World Bank to loan Detroit the $18 billion dollars it needs in order to regain temporary financial solvency. However, without a viable industry to maintain the economic foundation of the city, the city will predictably default on its future loan obligations. What follows is a glimpse into the future of all American cities as an increasing number of cities default on their “rescue” loans.

When a political entity defaults on its loans, the lending agency takes possession of the collateral which was pledged to cover the loan. Most often, the infrastructure is the collateral most sought after by the banks. When banksters typically take control over a political entity, like they did in Bolivia, they will quadruple the cost of water, astronomically hike the price of utilities and seize control of public transportation in order to jack up the rates to its ridership (i.e. poor people who cannot afford a car and need public transportation to get to work.). This is Detroit’s future and it will soon be all of our futures.

Detroit has failed as a viable entity because of the loss of manufacturing and subsequent population flight out of the city. The rest of our cities will all experience an economic collapse but for different reasons.

When, not if, Obama ushers in his industry killing Cap and Trade Executive orders, every American city will effectively be deindustrialized and we will have nation full of Detroits.

Do you know that Obama has stated that his Cap and Trade plan will eliminate the use of of 80% of the energy that we presently use? Can you drive 80% less miles to work? On a sub-freezing day, can you run your thermostat 80% lower? Can you use your lights 80% less with a major impact on your lives? Can you get buy on 20% of the gasoline that you presently use? And what business will survive these draconian caps placed upon our energy use? And then, where will you find work? Who will pay for your mortgage? Oh by the way, does it make sense now to about why the Federal Reserve is buying up $40 billion dollars worth of mortgage backed securities every month? Hmm, and some people wonder how the powers that be will force the rest of us into stack and pack cities. America, you have just seen your collective future.

Does it makes sense to you that DHS has purchased 2.2 billion rounds of ammo and 2700 armored personnel carriers? The globalists forces know what is coming. It is time that this country wake up and smell the coffee. You have been conquered, America, and many of you will not survive. And if you doubt the words that I have posted here, lets have Obama tell you so in his own words.

Source: Dave Hodges | The Common Sense Show | War Is Crime

As Corporate Profits Reach Record Levels, Their Effective Tax Rates Decrease

American citizens are paying an increasingly higher percentage of taxes as effective corporate tax rates fall during a period of soaring profits.  The key word here is effective, as in taxes actually paid by corporations to the federal treasury. (Advocates for cutting corporate tax rates cite the official government levies, not what corporations actually pay for the right to do business as US companies.)

What this means in plain English is that you and I are paying more to the government, on a relative basis, than big business, a lot more.

Long-time friend of BuzzFlash, Pulitzer Prize winning economic reporter David Cay Johnston explains how we are being hoodwinked by the “America can only remain competitive with lower official corporate tax code” arguments (made by DC politicians “rented” by corporations, according to Johnston):

Individual income tax payments have been rising fast since the economy began to recover, even though wages have hardly budged. But the same isn’t true for taxes for most corporations.

For the vast majority of America’s 5.8 million corporations, profits soared in 2010 — up 53 percent compared to 2009 — when the recession official ended at mid-year. Despite skyrocketing profits, however, their corporate income tax bills actually shrank by $1.9 billion, or 2.6 percent.

In an article in the National Memo entitled “Corporate Tax Rates Plummet As Profits Soar,” Johnston elaborates:

The effective tax rate paid by 99.95 percent of companies fell to 15.9 percent in the robustly profitable year of 2010, from 24.9 percent in the half-recession year 2009.

Those figures do not count the 2,772 companies that dominate the American economy. These giant firms, with an average of $23 billion in assets, own 81 percent of all business assets in America.

Their combined profits soared 45.2 percent to a new record in 2010, but their taxes rose just 14.8 percent, new IRS data show. Profits growing three times faster than taxes means their effective tax rates fell.

In 2010 these corporate giants paid just 16.7 percent of their profits in taxes, down from 21.1 percent in 2009. The official tax rate is 35 percent.

The Washington Chamber of Commerce meme is that corporations are being kept from helping to expand the US economy by high taxes that make them non-competitive in the world market.  However, the stock market continues to flirt with record highs because big businesses are making big profits, distributing them to shareholders and in the form of executive compensation.  The excess profits are generally not being spent to expand plants or staff in the US because individual Americans — squeezed between relatively stagnant wages (adjusted for inflation) and an increasing percentage of the tax burden (as compared to companies) — can’t afford to increase consumption.  So the Chamber of Commerce meme is malarkey.

Many of the largest corporations sit on their profits (Apple being a prime example of this) or throw a bone of investment to the American economy for public relations purposes.

US corporations, in general, don’t need lower tax rates; they need to pay higher actual taxes given that the biggest of them don’t pay anywhere near their IRS codified tax percentage.

Johnston is not optimistic that the burden will start shifting from individual citizens to big business anytime soon.  As he writes in his recent article:

Going forward, the Obama administration predicts that Washington will rely more on individual income taxes and less on corporate taxes.

Between fiscal 2010 and fiscal 2018, individual income taxes will rise from 41.5 percent of federal revenues to 49.8 percent, an increase of 8.3 percentage points, the president’s proposed fiscal 2014 budget shows. Corporate income taxes – assuming current statutory rates – are expected to grow by only 2.4 percentage points from 8.9 percent in 2010 to 11.3 percent of federal revenues in 2018.

What this amounts to is corporations, as a result of their bought and paid for elected officials in DC, are skimming from the Sunday donation plate as others put in their hard-earned dollars to pay the price for the infrastructure that allows US-based corporations to flourish.

It is vital to never forget one important fact.  Although, the mainstream corporate media covers the economy as if it were one monolithic force, it is not.

The rich are richer than ever now.  Their economy is growing more gluttonous by leaps and bounds as the working and middle class, in essence, subsidize them with tax loopholes.

Johnston explains the revolving door and politician for rent game in DC:

Those rents – er, donations and perks – also ensure that those appointed to regulatory agency boards do well after they leave office, provided they have been good servants to corporate interests. Tricks like making customers paytaxes to monopolies that are exempt from the corporate income tax are one way that those appointed to regulatory boards will do well when they leave the government payroll, as my book The Fine Print revealed.

The corporate giants quietly lobby for laws and regulatory rules that get little to no attention in the mainstream news.

GE spent $39.3 million just on Washington lobbying in 2010, more than $73,000 per senator and representative.

ExxonMobil has spent on average almost $23 million annually lobbying Washington in 2008 through 2010. Walmart has spent between $6.2 million and $7.8 million lobbying Washington each year since 2008.

Lobbyists for these and other corporations have lawmakers on speed dial. As for you, just try to get a face-to-face appointment with your senator or representative.

Many years ago, the late US Senator Paul Simon (D-Illinois) announced that he was not going to run again.  I was with him at an event and asked him why he had decided not to seek another term.  His answer was telling.

“Mark,” he said (to the best of my memory), “I spend 70% of my time fundraising and 30% of my time legislating. There’s nothing I can do. You get elected to a six-year term and immediately your staff has you fundraising for the next election.  If some interest gives my campaign $20,000, my staff is going to make sure I answer if they call.  If a guy in a union with a lunchbucket calls, he’ll get routed to an intern.  I’ve tried to change that, but it just seems to end up returning to the fundraising scramble and attention to the big givers. I’m just sick of the little guy or woman not being able to get through to me.”

Simon was the last of a generation and retired with dignity. (He died in 2003.)

Now you can probably count on one hand the number of senators who don’t wear a “for rent” sign on them.

And corporations continue to see their effective percentage of tax liability shrink as we continue to see ours rise.

Source: Truthout

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