- The current estimated US$14 Trillion of bailout, guarantees, loans… by the US government will not revive the economy. It is simply trying to paper over the $1.5 Quadrillion (1000 Trillion) derivatives problem. No amount of money can paper over this financial black hole. The derivatives market is a financial casino that the banksters have been running and it is totally out of control.
- ACTIndependent.org statement to the G20 :
On the eve of the long-awaited London conference of the G-20 nations, we are rapidly descending into the chaos of a Second World Economic Depression of catastrophic proportions. In the year since the collapse of Bear Stearns, we have moved toward the disintegration of the entire globalized world financial system, based on the residual status of the US dollar as a reserve currency, and expressed through the banking hegemony of London, New York, and the US-UK controlled international lending institutions like the International Monetary fund and the World Bank. This is a breakdown crisis of world civilization, prepared over decades by the folly of deindustrialization and the illusions of a postindustrial society, ….. If current policies are maintained, we face the acute danger of a terminal dollar disintegration and world hyperinflation.
The G-20 leaders are must deliberate a new set of policies capable of leading humanity out of the current crisis. We must first identify the immediate cause which has detonated the present unprecedented turbulence. That cause is unquestionably the $1.5 quadrillion derivatives bubble. Derivatives have provoked the downfall of Bear Stearns, Countrywide, Northern Rock, Lehman Brothers, AIG, Merrill Lynch, and Wachovia, and most other institutions which have succumbed. Derivatives have made J.P. Morgan Chase, Bank of America, Citibank, Wells Fargo, Bank of New York Mellon, Deutsche Bank, Société Générale, Barclays, RBS, and money center banks of the world into Zombie Banks.
Derivatives are financial instruments based on other financial instruments– paper based on paper. Derivatives are one giant step away from the world of production and consumption, plant and equipment, wages and employment in the production of tangible physical wealth or hard commodities. In the present hysteria of the globalized financial oligarchy, the very term of “derivative” has become taboo: commentators prefer to speak of toxic assets, complex securities, exotic instruments, and counterparty arrangements. At the time of the Bear Stearns bankruptcy, Bernanke warned against “chaotic unwinding.” All of these code words are signals that derivatives are being talked about.
Derivatives include such exchange traded speculative instruments as options and futures; beyond these are the over-the-counter derivatives, structured notes, and designer derivatives. Derivatives include the credit default swapsso prominent in the fall of AIG, collateralized debt obligations, structured investment vehicles, asset-backed securities, mortgage backed securities, auction rate securities, and a myriad of other toxic variations. These derivatives, in turn, are pyramided one on top of the other, thus creating a house of cards reaching into interplanetary space.
As long as this huge mass of kited derivatives was experiencing positive cash flow and positive leverage, the profits generated at the apex of the pyramid were astronomical. But disturbances at the base of the pyramid turned the cash flow and exponential leverage negative, and the losses at the top of the pyramid became immense and uncontrollable. By 2005-6, the disturbances were visible in the form of a looming crisis of the automobile sector, plus the slowing of the housing bubble cynically and deliberately created by the Federal Reserve in the wake of the collapse of the dot com bubble, the third world debt bubble. and the other asset bubbles favored by Greenspan.
Financiers are trying to blame the current depression on poor people who acquired properties with the help of subprime mortgages, and then defaulted, thus – it is alleged — bringing down the entire world banking system! This is a fantastic and reactionary myth. The cause of the depression is derivatives, and this means that the perpetrators to be held responsible are not poor mortgage holders, but rather globalized investment bankers and hedge fund operators, the derivatives merchants.
We are now in the throes of a world wide derivatives panic. This panic has been gathering momentum for at least a year, since the fall of Bear Stearns. There is no power on earth which can prevent this panic from destroying most of the current mass of toxic derivatives. It is however possible that the ongoing attempts to bail out, shore up, and otherwise preserve the deadly mass of derivatives will destroy human civilization as we have known it. We must choose between the continued existence of derivatives speculation on the one hand, and the survival of human society worldwide on the other. If this be crude populism, make the most of it.
- Unless this derivatives problem is resolved, there is no way the world economy is not headed towards a massive 7-10 years Great Depression. ACTIndependent.org again :
FREEZE DERIVATIVES FOR THE DURATION OF THE CRISIS
The G-20 must remove the crushing mass of derivatives which is now dragging down the world economy. Derivatives must be banned going forward, but this by itself will not be sufficient. The ultimate goal must be to wipe out and neutralize the existing mass of $1.5 quadrillion in notional values of toxic derivative instruments. Some governments may be able simply to decree that derivatives be shredded, deleted, and otherwise liquidated, and they should do so at once. Virtually all governments should be able to use their emergency economic powers to freeze derivatives and set them aside for at least five years or for the duration of the crisis, whichever lasts longer. Legal issues can be settled over the coming decades in the courts. Humanity is in agony, and we must act against derivatives now. Going forward, we must ban the paper pyramids of derivatives in the same way that the Public Utility Holding Company Act of 1935 banned the pyramiding of holding companies.
- American Investment banks and the Federal Reserve are at the heart of this problem. These banksters do not want to face reality and want to perpetuate this derivatives market forever. They will not succeed. The US$14 trillion committed is equivalent to the entire USA GDP output. Why isn’t the economy turning around? With US$14 T you can pay all the outstanding mortgage loan amount, all the credit card debts and have some left over. Where did all these money disappear to ? Stop blaming Main Street sub prime mortgages for this problem. They are not the real cause at the heart of the problem.
- If this problem is not resolved, look at what happened during the 1st Great Depression. Similar unresolved issue led to World War 2.
Derivatives pose the question of fictitious capital — financial instruments created outside of the realm of production, and which destroy production. In 1931-2, fictitious capital appeared as tens of billions of dollars of reparations imposed on Germany, plus the war debts owed by Britain and France to the United States. These debts strangled world production and world trade. Bankers and statesmen tried desperately to maintain these debt structures. But US President Herbert Hoover proposed the Hoover Moratorium of 1931-1932, a temporary freeze on all these payments.
The Lausanne Conference of June 1932 was the last chance to wipe out the debt permanently. But the Lausanne Conference failed to act decisively, and passed the buck. By the end of 1932, there was near-universal default on reparations and war debts anyway. And by January 1933, Hitler had seized power. We urge the London G-20 to defend world civilization against derivatives. It is time to lift the crushing weight of derivatives from the backs of humanity before the world economy and the major nations collapse into irreversible chaos and war, as seen during the 1930s.
- This financial crisis is an engineered crisis by the Illuminati Satanists to drive the world to global government and global financial dictatorship –> ‘666’. The Illuminati’s motto is : Order Out of Chaos. They have created this chaos and will make it worse so as to drive the world to their pre-planned New World Order, World Government dictatorship!
- It is getting clearer by the day where we are headed. Adam Abrams opines :
Is the U.S. about to lose its status as the dominant global superpower? Will the dollar collapse? If so, what would become the new global reserve currency and what would replace U.S. hegemony in a new world order?
American troops are currently stationed in over 150 countries around the world and have been actively engaged in combat since the beginning of the war in Afghanistan in 2001. The pretext for the invasion of Afghanistan was provided by the 9/11 attacks.
A second front in the U.S. “war on terror” was opened in 2003 with the invasion of Iraq. As well these military expenditures, the U.S. has an outstanding national debt of $10.8 trillion and rising. Although U.S. President Barack Obama has outlined a timetable for complete U.S. troop withdrawal from Iraq by 2011, he has ordered an increase of 17,000 more U.S. troops in Afghanistan. With no clear end in sight to U.S. military engagement and with the U.S. national debt growing at an accelerating rate, it seems reasonable to ask whether or not the U.S. might be irreversibly overextending itself.
What does “new world order” mean? There are two distinct variations. Both expressions – a new period of history evidencing a dramatic change in world political thought and the balance of power and the advent of a cryptocratic or totalitarian world government – have relevance.
The global geopolitical climate is changing rapidly and appears to be on the verge of a realignment. This has become more apparent since the start of the world financial crisis, which finds its roots in the U.S. economic downturn.
So how would a new world order emerge? It seems that the global population would only be willing to accept the implementation of a new world order, in either form, in the event of a major global crisis, such as the complete economic collapse of the United States of America.
The U.S. is at the heart of the global economy because the U.S. dollar is currently the reserve currency of the world. Oil, gold and all major commodities are measured in U.S. dollars. If the U.S. were to collapse in the same way that Iceland and Latvia already have, the whole world would be affected. A new world order would need to be formed that no longer relied on U.S. global hegemony.
Many experts believe that this is not only possible, but likely. According to Professor Willem Buiter, a former member of the Monetary Policy Committee who is now at the London School of Economics, “There will, before long … be a global dumping of U.S. dollar assets, including U.S. government assets… The past eight years of imperial overstretch, hubris and domestic and international abuse of power on the part of the Bush administration has left the U.S. materially weakened financially, economically, politically and morally.”
Other economic gurus agree. Peter Schiff, an American economic commentator and president of the stock brokerage firm Euro Pacific Capital Inc. was mocked by economist Art Laffer, when he accurately predicted, in 2006, that the U.S. housing market “bubble” would burst. Schiff now predicts that gold will climb to $2,000 per ounce in response to the U.S. dollar dropping “like a stone” and losing its status as the global reserve currency.
Schiff was also an economic adviser to Ron Paul during his 2008 presidential campaign. Paul has been articulating similar concerns regarding the U.S. financial system for over 30 years, and advocates the legitimization of gold and silver as currency, as well as the elimination of the U.S. Federal Reserve System. This he says, “will allow Congress to reassert its constitutional authority over monetary policy.”
Paul sees the Federal Reserve as the main culprit in perpetuating and exacerbating the current U.S. financial crisis: “Americans have suffered a steadily eroding purchasing power because of the Federal Reserve’s inflationary policies. This represents a real, if hidden, tax imposed on the American people.” He has repeatedly introduced a bill to the U.S. Congress that would allow for the auditing of the Federal Reserve Board and provide transparency into its dealings, to no avail.
Meanwhile, the man who accurately predicted the stock market crash of 1987 and the collapse of the Soviet Union has an intriguing prediction that goes even further. Gerald Celente, the CEO of Trends Research Institute, has forecast that by 2012 there will be a revolution in the U.S., accompanied by food riots and tax rebellions.
So, with this in mind, who or what could replace the United States as the world’s dominant player? One possibility is that the United Nations will take on the role of a global government. This theory seems to be supported in a speech by then-president George H. W. Bush before Congress on March 6, 1991, following the expulsion of Iraqi forces from Kuwait.
“…We can see a new world coming into view,” said Bush. “A world in which there is the very real prospect of a new world order. In the words of Winston Churchill, a ‘world order’ in which ‘the principles of justice and fair play … protect the weak against the strong …’ A world where the United Nations, freed from cold war stalemate, is poised to fulfill the historic vision of its founders. A world in which freedom and respect for human rights find a home among all nations.”
Until recently, the advent of a global government seemed unrealistic, and reserved for conspiracy theorists. But since the acknowledgement by then-president George W. Bush in September 2008 that the United States is indeed “in the midst of a serious financial crisis”, there have been numerous calls for a “new world order” by global leaders and prominent intellectuals.
In January, Henry Kissinger told CNBC reporters that the current world economic crisis is a “great opportunity” for President Barack Obama to help form a “new world order.”
British Prime Minister Gordon Brown actually began the call for a new world order before the acknowledgement of the current financial downturn.
Speaking in June 2007, Brown said: “I believe it will be said of this age, the first decades of the 21st century, that out of the greatest restructuring of the global economy, perhaps even greater than the industrial revolution, a new world order was created.”
The British leader has continued to press for a new world order since that speech. Even a few weeks ago he declared the need for a “global new deal.”
“Britain and America may be separated by the thousands of miles of the Atlantic, but we are united by shared values that can never be broken. And as America stands at its own dawn of hope, I want that hope to be fulfilled through us all coming together to shape the 21st century as the first century of a truly global society.”
Could this “truly global society” be the same society that Bush Sr. spoke of, with the UN fulfilling “the historic vision of its founders”?
It is certainly possible, but would be rather difficult to implement. The government of every nation in the world would either have to willingly surrender sovereignty to the United Nations or be forced into doing so by the use of military force. Both options are utterly improbable -unless an unpheaval on a massive scale resulted in a new-found willingness by the big players in the global arena to submit to an international body.
The only such event that seems even remotely likely is the end of Western global dominance and the transfer of global hegemony to the Eurasian powers. Perhaps it would not be a “global government”, but a “new world order”, with the central power of the world residing in Asia.
This seems to be the most realistic scenario, particularly as China is the largest creditor to the U.S. If the Chinese government decided to dump all of its U.S. dollars, the entire U.S. economy would collapse overnight. But would China do that? The motivation would be two-fold; firstly, the U.S. Federal Reserve’s “inflationary policies” (as described by Ron Paul) devalue the U.S. currency to the point that China no longer has an incentive to hold U.S. dollars, and secondly, China sees an opportunity to become the dominant player in the new world order.
Perhaps this is the scenario that Buiter envisions when he describes a “global dumping of U.S. dollar assets.” If the Chinese government were to abandon the U.S. dollar it would certainly trigger such a “dumping” of U.S. assets.
In fact, just last week China’s premier hinted that Beijing is concerned about its creditor-debtor relationship with the U.S.: “We have lent a huge amount of money to the United States. I request the U.S. to maintain its good credit, to honor its promises and to guarantee the safety of China’s assets.”
In addition, the Kremlin last week called for the creation of a “supranational reserve currency” to be on the agenda at the upcoming G20 meeting in London. Zhou Xiaochuan, the governor of China’s central bank, has expressed a similar desire for a new global reserve currency “that is disconnected from individual nations and is able to remain stable in the long run, thus removing the inherent deficiencies caused by using credit-based national currencies.”
China and Russia have both experienced severe economic downturns since September 2008, but both blame the U.S. for initiating the global crisis. If such a currency were to be formed, one that was “disconnected from individual nations,” it is possible that some form of global bank would be the creditor. According to Zhou Xiaochuan, the International Monetary Fund is one potential candidate for this role. The U.S. president, meanwhile, has said that he does not support a global currency.
Looking at history, there is only one circumstance under which a very large and diverse population would be willing to accept such a massive override and restructuring of the global order. That circumstance is chaos.
The collapse of the United States of America would certainly create the chaos necessary to justify the formation of a new global reserve currency and ultimately a new world order, with its central power residing in Eurasia.
- The calls for a new financial order are getting louder. The past few weeks have seen both Russia and China pressing for a 1 World Currency. Don’t be deceived by the double talk of some of these ruling Illuminati elite ‘against’ the global currency to replace the USD. These are just mis-direction, bait and switch tactic to confuse the sheeple. Their intent is to create a 1 world currency totally controlled by them. Behind the scenes, the wheels have been set in motion.
- Paul Joseph Watson reports :
Both the IMF and the United Nations have thrown their weight behind proposals to implement a new world reserve currency system to replace the dollar as part of the acceleration towards a global financial dictatorship, in the same week that Treasury Secretary Timothy Geithner told CFR globalists that he was “open” to the idea.
As we reported yesterday, Timothy Geithner initially renounced a Chinese and Russian proposal to supplant the dollar with a new global currency, but he later told CFR elitists, who have consistently lobbied for a global currency as part of a wider agenda for global government, that he was “open” to the idea. Indeed, before Geithner was appointed by Obama when he was still president of the Federal Reserve Bank of New York, he argued for a new global central banking system shortly after attending the 2008 Bilderberg meeting.
Now the U.N. and the IMF have thrown their weight behind the move and reports indicate that the matter will be a major point of discussion at the upcoming G20 conference, with officials having initially dismissed speculation that a global currency would be on the agenda.
“A UN panel of expert economists pressed Thursday for a new global currency reserve scheme to replace the volatile, dollar-based system and for coordinated steps by rich countries to stimulate their economies,”reports AFP.
“A new Global Reserve System — what may be viewed as a greatly expanded SDR (Special Drawing Rights), with regular or cyclically adjusted emissions calibrated to the size of reserve accumulations, could contribute to global stability, economic strength and global equity,” the panel said.
In addition, “IMF managing director Dominique Strauss-Kahn said that talks on a new global reserve currency to replace the US dollar were “legitimate” and could take place “in the coming months,” according to the report.
As we have repeatedly warned, the introduction of a new global currency system is a key cornerstone in the move towards global government, centralized control and more power being concentrated into fewer hands.
The swift and ruthless exploitation of the economic meltdown on behalf of globalists and central banks who caused the problem in the first place revolves around their drive for a global monetary union, which is a directive coming from the very inner core of the CFR and the Bilderberg Group.
The Federal Reserve is already is a private organization and as such unaccountable to the American people. A global central bank, which is effectively what a new global reserve currency system will create, will establish a de facto financial dictatorship which will wield power over the economies of every country on the planet with no accountability whatsoever.
The ruling elite resolved long ago to force a global currency down our throats. In fact, a global currency is at the very core of their plan to dominate the world. Control money and you control the destiny of states, you eliminate national sovereignty. “The control of money and credit strikes at the very heart of national sovereignty,” A.W. Clausen, president of Bank of America once observed.
As Georgetown professor and CFR historian Carroll Quigley noted, the goal of the banking families and their minions consists of “nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole… controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences.”
In 2007, Robert Mundell, “the father of the euro,” noted that “international monetary reform usually becomes possible only in response to a felt need and the threat of a global crisis.”
That very crisis arrived shortly after, providing the elite with the perfect opportunity to ram through a massive program of financial centralization by posing as the saviors – when they created the problem in the first place.
The very actions of the elite will continue to worsen the financial crisis, providing the necessary political capital for them to institute what they had planned all along – a new global currency for the global government that they plan to implement thereafter.
- Bob Chapman of International Forecaster, gives his insightful perspective on the Illuminati’s lust for gold :
The big secret that the Illuminati don’t want you to know about is that they are gold-bugs themselves, and are even more fervent about precious metals than you are. They are, of course, closet gold-bugs, hiding their wanton desire for the “barbaric relic” to make it look like it is a cumbersome thing of the past, an ancient curiosity from a bygone era that no longer serves a valid or useful purpose. They hide their lustful desire for precious metals from the public so that the public remains moribund about owning the King and Crown Prince of currencies, gold and silver. They don’t want any monkey-see, monkey-do, from their pool of future indentured servants. Their worst nightmare is that the serf proletariat would come to own thousands of tons of gold and silver bullion like they do. All their institutions and front companies, like central banks, bullion banks, investment banks and brokerage houses, all de-emphasize investment in precious metals for one reason, to keep it out of the hands of the public.
In the meanwhile, the Illuminati are pilfering gold from their own financial institutions at fire-sale prices like the sales conducted by Gordon Brown, the King of Fire-Sale Gold, when he sold the UK’s national gold at the bottom of the gold market, or by outright pilfering as was done with the gold held in Fort Knox, allegedly by the Rockefellers. American Illuminists have been collecting their gold and silver hoards for over a century, while European Illuminists have been collecting their hoards for many centuries. All their gold and silver lies in Swiss vaults, or in secret offshore locations. These hoards serve as their insurance policy if their plans to become masters of the universe should go astray. In addition, their mounds of gold and silver might be offered as reserves for a new world currency in order to sell that concept to the public, thereby giving control of the world currency to private bankers who would operate outside of government control. Or there might still be government control, as long as they, the Illuminati, control the world government, of course.
In summary, the Illuminist gold cartel is a conspiracy of outward suppression of precious metals, while inwardly it is one of aggressive acquisition of both gold and silver. They acquired control over national holdings of gold and silver via the system of central banks around the world, and they have systematically looted their own financial institutions and gold reserves to gain control over what they know is the only real currency recognized as such around the world.
Always remember, if you lose control over your nation’s currency, you lose your sovereignty and become a bond servant to the Illuminati. As Thomas Jefferson said, central banks are more dangerous than standing armies. By extrapolation, a single world bank would be dangerous beyond your wildest imagination.
This is why mints around the world have curtailed the amount of gold and silver bullion that is made available to the public. This also explains why gold and silver, in what can now be termed the “physical black market,” are trading at such hefty premiums to the prices cited in the futures markets. You are being starved of precious metals intentionally and malevolently to hinder you from doing the only thing that will prevent these miscreants from bringing you to your knees financially so they can shove their one-world government down your throat.
They will grudgingly allow you to own paper gold and silver. The futures markets in precious metals, along with the mints and the new ETF’s, were set up specifically for that purpose. They knew that the demand for precious metals would grow as they intentionally sabotaged fiat currencies and economies around the world to pave the way for world government. So they set up all these paper markets as a trap for lazy investors to acquire an interest in precious metals without taking physical possession so that they could retain control of the physical inventories and therefore the price for same.
…. consider the cartel’s decades long suppression of precious metals via futures contracts, and also the recent games played with prices for oil and food futures. We rest our case. As long as you do not take physical delivery, they will continue to control the physical supplies of gold and silver via leasing and lying, using “smoke and mirrors” and “creative accounting methods” to hide their nefarious dealings, such as those conducted through the Exchange Stabilization Fund, the London Gold Pool, the naked-shorting of shares in the silver ETF and the leasing of ETF gold and silver to cover short positions of the Illuminist commercials in the paper markets such as CRIMEX futures contracts and OTC derivatives contracts.
The Illuminist financial institutions are down to the dregs as far as their physical institutional holdings are concerned, but their shortage is not being sufficiently challenged and exposed quickly enough because physical delivery is not being utilized as extensively as it should be, which allows them to lie about their bullion inventories. They will not be able to lie anymore when demand outstrips supply and they run out of precious metals in deliverable form to satisfy demands for physical delivery, which is why you should be demanding physical delivery of both gold and silver by the truckload.
The miscreants who run the gold cartel use their control over paper markets, which is enabled by insufficient physical off-take caused by the diversion of hard money capital into paper gold and silver assets (other than resource stocks), to suppress precious metals prices. This allows the Illuminist Puppet Masters and their henchmen to clean up in the paper markets with all their short positions, which are mostly naked. These short positions are monopolistic, manipulative and illegal, but regulators like the SEC and CFTC do nothing about them because our regulators are also criminals and are part of the cover up.
The Illuminati also want to control the availability of food, water, weapons and ammunition to the public for exactly the same reason as they control the availability of, and public desire for, gold and silver. You must take steps immediately to own all of these items, which they are suppressing or are attempting to gain absolute control over. Otherwise, we suggest that you acquire a large, thick, comfortable pad on which you can drop to your knees to do obeisance to the Illuminati.
Buck-Busting Ben and the Fed have made gold suppression JOB ONE. This is obvious by his support of the Treasury market, which is gold’s only serious competition for safe-haven money. He wants to buy another $300 billion of treasuries to drive their prices up and rates down. Presumably this is being done to assist the continually imploding real estate market by reducing mortgage rates which is the bogus excuse they give, when what they are really trying to do is help the treasury bonds compete with gold and silver for the capital of terrified investors. This new acquisition of treasuries is in addition to the illegal purchases of unauthorized treasuries that have been made by the Fed through off-shore entities already. You will never hear about such illegal purchases from the Fed or the fane-stream media, but you will hear about it in the IF. (International Forecaster)
- See also :
Depression, World Currency and Digital Gold
World Financial System in a State of Insolvency !
Bob Chapman – America Has To Come To Grips With The Fact It Is Bankrupt!
Bob Chapman – Economic And Financial Systems Deliberately Destabilized
Professional Runs on Banks Has Begun !
Economic Meltdown 2009 – Gerald Celente, Bob Chapman & Robbie Noel
The Great Depression of 2009 – Bob Chapman
- Telecast on 21 Feb 2009. Max Keiser on the gold suppression scheme. It will ultimately fail ! When it fails gold price will leap skywards! You could see gold price jump 200-300 dollars a day. Finally, when gold breaks US$1000/ounce convincingly, the move to US$2000/ounce will be quick. And the move to US$3000-4000/ounce will be even quicker.
- Central banks the world over have announced they will be buying more gold. Gold price is manipulated in the COMEX. The time they can keep the price artificially low is running out.
- See also:
Max Keiser – Financial Terrorists should be Decapitated !
Max Keiser – UK is Doomed!
Max Keiser Interviews Peter Schiff on Middle East Oil Economies, Inflation & Quantitative Easing.
Max Keiser The Oracle on Bankster and Bonuses!
Max Keiser on Bad Bank Plan and Dollar
- Max Keiser is the man ! Finally, someone with the gumption to tell the truth instead of all the shills in the MSM. Max Keiser :
– I would not rule out decapitation
– This is a pre-planned financial holocaust by financial terrorists
– Alan Greenspan is one of the worse of the worst
– Revolving door between Washington and Goldman Sachs
– They need to be prosecuted under RICO laws
– Systematically undermining the entire system
– Riots all over the over due to this pre-meditated financial terrorism
– They are the worst criminals of all. They do the most damage
– Governments are rewarding robbery.
– If governments will not defend the people. The people will rise up.
– People around the world should not be enslaved by banksters
– Return to sound money: Gold and Silver.
– Get rid of all these chicanery
- Spread the word people. Spread the word !
- Change for the better? I don’t think so. This is just a continuation of old policies and even an escalation into dangerous areas. Pakistan and China are allies. This is the real reason US has become best buddies with India recently. We all know India and China are ‘not friends’. They fought a border war in the 60s. So who is the real final target here ? China???
- Noah Shachtman reports :
Perhaps you were wondering whether or not the U.S. was really at war in Pakistan, as well as Afghanistan. Well, President Obama just put those questions to rest.
With everyone from Hillary Clinton to Robert Gates to General David Petraeusat his side, Obama announced this morning “a comprehensive, new strategy for Afghanistan and Pakistan.” Not Afghanistan, with an occasional cross-border drone strike. Afghanistan and Pakistan.
“I want the American people to understand that we have a clear and focused goal: to disrupt, dismantle, and defeat al Qaeda in Pakistan and Afghanistan, and to prevent their return to either country in the future. That is the goal that must be achieved. That is a cause that could not be more just.”
Obama also made it clear that the military won’t just go after the militants sowing mayhem in Afghanistan, but the ones undermining Pakistan’s government, too. Specifically, Obama all-but-called-out Pakistani militant leader Baitullah Mehsud, the leading suspect in the assassination of Prime Minister Benazir Bhutto and the September 2007 bombings in Rawalpindi, which killed 25. In recent weeks, American drones have hit his network, over and over again.
- So what is Obama’s grand strategy ? Or is is the Same O Same O? Anti-War News comments :
The ‘New’ Strategy – Did Obama Expand the War Into Pakistan?
Is The Real Change a Massive Escalation Into Pakistan?
When President Barack Obama unveiled his “comprehensive, new strategy” for the war in Afghanistan it struck many how decidedly old most of the strategy looked. A vague justification for throwing more money and troops at the seemingly endless war, bundled with posturing about how vital the war’s success ultimately would be.
But is that the whole story? Was the much-heralded new strategy just about polishing up the same old escalation in Afghanistan and selling it as a change? Perhaps the real novelty in this plan takes place outside of Afghanistan, in neighboring Pakistan.
Indeed, while they emphasize Afghanistan in public comments about this plan, the white paper (PDF) distributed by the White House on the strategy looks decidedly Pakistan-centric. It calls for “a more capable, accountable, and effective government” in Afghanistan, but promises “a vibrant economy” for Pakistan. It pledges to “disrupt terrorist networks in Afghanistan and especially Pakistan.”
While promising “A New Way Forward” (not so coincidentally the working title of the 2007 escalation in Iraq), it seems that all roads lead to Pakistan. The government will be getting billions in new aid, the US is committing itself to fight militants in the area (above and beyond the repeated drone attacks). They’re not even ruling out sending ground troops.
So Afghanistan has its new strategy, which is its old strategy with more guys. But maybe the real story here is that President Obama has made the equivalent of a de facto declaration of war against Pakistan’s border regions.
- For all those out there who are still worshipping their Obama messiah, wakey wakey!
- Why should you invest in gold? Gold is money. Real money that no central banks in the world can create out of thin air. All fiat currencies end up debased and worthless throughout history.
- The Telegraph UK reports :
Russia has become the first major country to call for a partial restoration of the Gold Standard to uphold discipline in the world financial system.
Arkady Dvorkevich, the Kremlin’s chief economic adviser, said Russia would favour the inclusion of gold bullion in the basket-weighting of a new world currency based on Special Drawing Rights issued by the International Monetary Fund.
Chinese and Russian leaders both plan to open debate on an SDR-based reserve currency as an alternative to the US dollar at the G20 summit in London this week, although the world may not yet be ready for such a radical proposal.
Mr Dvorkevich said it was “logical” that the new currency should include the rouble and the yuan, adding that “we could also think about more effective use of gold in this system”.
The Gold Standard was the anchor of world finance in the 19th Century but began breaking down during the First World War as governments engaged in unprecedented spending. It collapsed in the 1930s when the British Empire, the US, and France all abandoned their parities.
It was revived as part of fixed dollar system until US inflation caused by the Vietnam War and “Great Society” social spending forced President Richard Nixon to close the gold window in 1971.
The world’s fiat paper currencies have lacked any external anchor ever since. It is widely argued that the financial excesses and extreme debt leverage of the last quarter century would have been impossible – or less likely – under the discipline of gold.
Russia is a major gold producer with large untapped reserves of ore so it has a clear interest in promoting the idea. The Kremlin has already instructed the central bank of gradually raise the gold share of foreign reserves to 10pc.
China’s government has floated a variant of this idea, suggesting a currency based on 30 commodities along the lines of the “Bancor” proposed by John Maynard Keynes in 1944.
- What is planned by the financial banksters, the Brzezinski clique, the puppet Obama for the future? What are the wars planned?
- The attack on Pakistan has begun. But what is the real reason? Will Russia-phobe Brzezinski trigger his obsession with attacking Russia and China?
- Historian Webster Tarpley gives his geo-political assessment of the wars to come. See also :
Webster Tarpley on Barack Obama
Barack Obama – A Fraud You Can Believe In?
Alex Jones – Obama Deception ! New Full Length Video Release !
Ron Paul: Obama Foreign Policy Identical To Bush
Gerald Celente – Obama Deception, The Emperor Has No Clothes.
America’s Fiscal Collapse – Obama’s Budget Will Impoverish America
Obama Weighs Military Options in Mexico