Iran’s Nuclear Program: Iran Truthful, in Treaty Compliance; US/Israel Lying, in Treaty Violation! False Flag, Lies and Nuclear Bombs!
The usual amount of propaganda, dis-information and mis-information are growing. I have no doubt that my site will be targeted. Let me just say that for every attack by all these dis-information specialists, I intend to reply 10 fold with truth! Truth matters! We do not need this war with Iran. Do you actually believe George Bush about Iraq and WMD? Lies and more lies are escalating to drive the sheeple to support this coming war. We need to counteract and do so quickly.
- The Examiner.com opines :
The title is of this article is alarming, and accurate. It will brief you on:
· the treaty that manages Iran’s nuclear program,
· the status of compliance with Iran, the US with the UK and now France, and Israel,
· analysis for the disinformation delivered by the US, UK, France, Israel.
The treaty in question: The Non-Proliferation Treaty (NPT): The Non-Proliferation Treaty(NPT) was designed to limit nuclear weapon development, facilitate availability of nuclear energy, and lead to global nuclear disarmament. The treaty allows any country to develop nuclear material for energy, receive the assistance of the nuclear countries to do so (US, UK, France, Russia, and China), and then be inspected by the International Atomic Energy Agency (IAEA) to verify they do not refine fissionable material beyond energy-grade (3-5%) to weapons-grade (over 85%). To date, no NPT country with a nuclear energy program has developed nuclear weapons. Iran and the US are signatories of NPT. Therefore, the legal and Constitutional US response is to help Iran develop nuclear energy.
Status of compliance: You need three brief paragraphs of history to put the present into context: in 1953, the United States CIA, led by one of President Theodore Roosevelt’s grandsons, initiated a coup in Iran (Operation Ajax) to remove the democratically elected Prime Minister Mohammed Mossadegh. The Iranian government was understandably dissatisfied with the terms of its contract with the Anglo-Persian Oil Company that allowed British interests to claim 85% of the oil profit from Iran.Iran voted to nationalize the oil industry in 1951 after the British declined to renegotiate the terms. The US-led coup was successful, and the royal monarch, Shah Mohammad Reza Pahlavi,became virtual dictator. Fearing popular reprisal, Pahlavi’s government was supported by the CIA in creating the Iranian SAVAK, a vicious secret police for the Shah’s dictatorial government. We can only assume that the oil revenue sharing agreement with the Shah was acceptable to the US and UK.
Under the Eisenhower administration, the US cooperated with the Shah’s government for the development of Iranian nuclear energy through the “Atoms for Peace” program. President Ford agreed to US full cooperation to help Iran build about two dozen nuclear energy plants. When the Iranian people overthrew the Shah’s government in 1979, the US stopped cooperating. The US backed Iraq in their invasion of Iran in 1980 and throughout the war until 1988, seeking a more US-friendly Iranian government. The US provided Saddam Hussein with chemical and biological weapons to use against Iran that the W. Bush administration later used as justification for invading Iraq.Since 1979, the US has worked to prevent Iran having a nuclear energy program, even under the legal provisions of the NPT, and reneged on a multi-billion dollar contract to deliver nuclear fuel to Iran without refunding Iran’s money.
Therefore, all US administrations since Carter in 1979 have committed lies of omission by not disclosing to the public Iran’s treaty-right to nuclear energy under NPT. US political “leadership” obfuscates the issue with rhetoric of Iran’s “nuclear program” to link energy with weapons.Ironically, the US is in additional violation of NPT by developing new nuclear weapons and threatening to use them rather than work for global disarmament as per treaty terms. The US actions are also in violation of the UN Charter in threatening war.
The UK and France are out of NPT compliance by not assisting Iran for nuclear energy development and then accepting the reasonable terms of full monitoring of nuclear refinement that has had a perfect history for safety and compliance for over 40 years. Israel is not signatory to NPT; they ironically choose what they accuse of Iran: a secret nuclear weapons program estimated at 200 warheads. Israel has also been found by the UN’s Human Rights Council to be in numerous violations of War Crimes against Gaza.
The previous three paragraphs are plain vanilla history in conservatively-known content. This means it is encyclopedic and not disputed by government or argued by historians. It should be clear to you that “leadership” from both political parties and mainstream media do not provide the necessary context of history and treaty facts to evaluate the Bush and Obama administrations’ statements threatening war with Iran. Their collective use of the term “nuclear program” is intentionally conflating the two distinct technologies of legal low-grade energy refinement with illegal very high-grade weapons refinement. We could also call it fraud, as it deliberately misinforms.
Iran is in compliance of NPT by having all facilities disclosed and open for IAEA monitoring. On Monday September 21, 2009 Iran disclosed to IAEA per NPT terms of 180 day notification of a new nuclear energy facility that is about 18 months away from operation. For discussion, read here.
Analysis: I’ll give you two paragraphs of recent history, then current analysis. Pulitzer Prize-winning journalist, Seymour Hersh, has reported since 2005 that government insiders have disclosed to him that the CIA is presently engaged in covert operations similar to 1953 to overthrow the Iranian government.Hersh, claiming inside White House sources, reported one idea from Vice President Dick Cheney was for the US Navy to build four or five boats that looked like Iranian Naval PT boats, man and arm them with US Navy Seals, then have the Navy Seals attack a US Navy ship off Iran’s coast. The incident would be filmed and used as propaganda to enflame US public opinion for war with Iran.Hersh is the reporter who insiders trusted to report the My Lai Massacre and its cover-up in the Vietnam War, and the Abu Ghraib Torture Scandal in the current Iraq war. Scott Ritter, US former weapons inspector and officer for US Marine Intelligence calls any covert planning and actions by their correct legal name: Acts of War. Ritter states the obvious: the US would never allow Iran to take these actions without calling them Acts of War.
Recently and disturbingly, was the US Air Force admission that they “mistakenly” transported six live nuclear warheads attached to ready-to-launch cruise missiles to the US military base that is the jump-off for US supplies to Middle East Operations. This could be a veiled threat of nuclear war against Iran rather than explained by the long chain of continuous “mistakes” required for such an event to occur. Nuclear weapons are protected by detailed protocol and lethal force; they go nowhere by mistake and had a 50 year perfect record for their handling.
President Obama’s UN speech on Wednesday September 23 was full of lies of omission and commission. He claimed Iran was “in pursuit of nuclear weapons” without proof and all existing reports and IAEA inspections confirming Iran is only in pursuit of their legal right to nuclear energy. Mr. Obama continued: “But if the governments of Iran and North Korea choose to ignore international standards, if they put the pursuit of nuclear weapons ahead of regional stability and the security and opportunity of their own people, if they are oblivious to the dangers of escalating nuclear arms races in both East Asia and the Middle East,” he said, adding, “Then they must be held accountable.” President Obama then asked the world leaders to demonstrate to Iran and North Korea that international law is not an “empty promise.” “We must insist that the future not belong to fear,” he said.
President Obama is a lying sack of spin, along with the Republican leadership for their silence in the face of these transparent lies. The US is out of compliance of the international standards of NPT, not Iran. The US and Israel threaten regional stability, security, and opportunity for Iran. The US is unaccountable, holding NPT as an empty promise, and actively instilling fear for the future.
Israeli Deputy Foreign Minister Danny Ayalon told Reuters: “I think the fact that such brutal thugs, such barbaric dictators like Ahmadinejad, speak in front of the world assembly is a real low point in the annals of the United Nations.” Israel’s Foreign Minister Avigdor Lieberman claimed “without a doubt” the Islamic Republic is pursuing nuclear weapons, and, “Without wasting time, we must work towards the overthrow of the mad regime of Teheran.”
Secretary of State Clinton piled-on the propaganda, stating Iran must prove their program is peaceful, despite all evidence stating that it is and none suggesting otherwise. President Obama and Secretary of Defense, along with members of Congress, also threatened a military response to Iran. French President Sarkozy: “More uranium enrichment and declarations by the leaders of Iran to wipe a UN member state off the map,” he continued, referring to Israel. Sarkozy repeats the lie that Iran threatened Israel.
Iran has responded by demanding proof that they have been deceptive or out of compliance in any way. They also assert that the US, UK, and France are and have been out of compliance with NPT for over 40 years. They did not mention Iran’s replacing the dollar for the Euro as their oil reserve currency that might explain much about the US sharp response.
In conclusion of this analysis, res ipsa loquitur, the facts speak for themselves. The US is attempting to deceive their people through political and media manipulation to believe Orwellian claims exactly opposite from the truth. The UK, France and Israel are accomplices in this criminal deception.
If you wish to continue this history of lies to inflict war upon the innocent, and damn your allegiance to the US Constitution, rule of law, and American values, believe the transparently false rhetoric that bombards us. If you choose to build a brighter future of human cooperation, especially those of you with an oath to defend and protect the Constitution against all enemies, foreign and DOMESTIC, then you must tell the simple truth concerning this understandable issue of NPT. Call out lies as lies. Refuse to accept illegal orders of aggression based on known lies; that is the duty of Patriots and the accepted legal conclusion from the Nuremberg Principles: Principle IV states, “The fact that a person acted pursuant to order of his Government or of a superior does not relieve him from responsibility under international law, provided a moral choice was in fact possible to him.” Saying one was just following orders is no excuse under the law.
My recommended policy response because of the magnitude of the criminal lies and liars is Truth and Reconciliation.
- Dr Michael F. Holick delivers a great and humorous lecture in this seminar: “D-Lightful Vitamin D: Bone and Muscle Health. Prevention of Autoimmune and Chronic Disease” . This is one video which medical students should watch. Vitamin D can prevent cancer! Does this surprise you? Watch the video!
Vitamin D is Called the Sunshine Vitamin for Good Reason
Michael F. Holick, PhD, MD
Professor of Medicine, Physiology and Biophysics
Director of the General Clinical Research Center
Director of the Vitamin D, Skin and Bone Research Laboratory
Director, Biologic Effects of Light Research Center
Boston University Medical Center
Vitamin D is not a vitamin but a hormone. It is unique in that it is made in the skin as a result of exposure to sunlight. Photosynthesis of vitamin D has been occurring on earth for more than 750 million years. Some of the earliest life forms that were exposed to sunlight for their energy requirement were also photosynthesizing vitamin D. Both children and adults have in the past depended on adequate sun exposure to satisfy their vitamin D requirement. It is well documented that at the turn of the last century upwards of 80% of children in the industrialized, polluted cities of northern Europe and northeastern United States suffered from the devastating consequences of vitamin D deficiency rickets. The skin has a large capacity to make vitamin D. Exposure of a person in a bathing suit to a minimal erythemal dose of sunlight, which is typically no more than 15-20 minutes on Cape Cod in June or July at noon time, is the equivalent to taking 20,000 IU of vitamin D orally. It is now well documented that in the absence of any sun exposure 1,000 IU of vitamin D3 a day is necessary to maintain healthy levels of 25-hydroxyvitamin D in the circulation. An analysis of the NHANES III data has demonstrated that neither children nor adults are receiving an adequate amount of vitamin D from their diet or from supplements.
…. to continue reading click here!
- See also :
Vitamin D The ‘Wonder Drug’, Sunlight and Skin Cancer
Reduce Your Risk of Cancer With Sunlight Exposure
Overwhelming Evidence That Sunlight Fights Cancer
Avoid Flu Shots With Vitamin D
Can Vitamin D Cure the Common Cold?
Facts About Sunlight and Skin Cancer
Valuable Insights Into the Importance of Vitamin D and Sun
Vitamin D Fights Breast Cancer
Vitamin D Deficiency is Major Health Risk
Vitamin D Reduces Colon Cancer
Vitamin D Lowers Risk of Type 1 Diabetes
Why Vitamin D Protects You Against Cancer
Breakthrough Updates You Need to Know on Vitamin D
- The FDIC is busted! It needs a bailout from banks! What is going on here? The recession is coming to an end because the depression in beginning! Bloomberg reports :
The Federal Deposit Insurance Corp. proposed asking banks to prepay three years of premiums to replenish reserves dented by a rash of bank failures that the agency said will cost $100 billion through 2013. The insurance fund will run a deficit as of tomorrow after 120 banks failed in the past two years, the agency said today. Half the costs from seized banks have been incurred already and prepaying the fees will raise $45 billion, the FDIC said. The agency rejected options for a second special fee or borrowing from the Treasury Department.
“What we are proposing to do is to tap the ample liquidity of the banking industry to improve our own liquidity position without borrowing from the Treasury,” FDIC Chairman Sheila Bair said at a Washington board meeting. The agency raised its five- year loss estimate by 43 percent. The agency is required by law to rebuild the fund when the reserve ratio, or the balance divided by insured deposits, falls below 1.15 percent. It was 0.22 percent on June 30. The fund, drained by 95 bank failures this year, had $10.4 billion at the end of the second quarter. The fund will erase its deficit by 2012, the staff said.
The proposal approved by the board requires banks to pay premiums for the fourth quarter and next three years on Dec. 30. The board backed prepayments over alternatives such as borrowing taxpayer dollars from the Treasury, charging the banking industry a special fee in addition to levies they already pay and borrowing directly from the banks.
“For banks that were already feeling the effects of a weak economy, special assessments could only make them weaker,” said Dugan, a member of the five-person FDIC board. Under the proposal, the FDIC wouldn’t impose another special assessment this year. The agency would raise assessments by 3 basis points in 2011. The FDIC will seek public comment until Oct. 28 and then make a decision on its approach.
The FDIC raised its projected fund losses, from $70 billion in May, because the assets and number of failed and “problem” banks have increased, said Arthur Murton, director of the FDIC’s division of insurance and research. Bank failures will peak this year and 2010, he said. The banking industry lobbied against a special fee that would be added to the regular annual premium, telling the FDIC and Congress such a levy would hurt their ability to raise capital. The industry welcomed the FDIC’s proposed approach.
“It’s certainly a better solution than taking a large chunk of money out of banks’ income and capital,” James Chessen, chief economist at the American Bankers Association, said. The prepayment approach gives “the FDIC the cash that they need, it will be paid for by the industry and it will not have the severe impact that other options would have had on banking,” Chessen said.
Banks paid a special assessment in the second quarter that raised $5.6 billion for the insurance fund, in addition to an estimated $12 billion in annual premiums. The agency also has authority to impose fees in the third and fourth quarters. Banks backed prepayment because the premiums are classified as an asset when the payment is made, becoming an expense during the quarter in which the obligation is due.
The agency has authority to borrow against a Treasury line of credit that Congress in May increased to $100 billion. This option would have put the FDIC in the position of borrowing from taxpayers in the wake of public anger over the bank bailout.
- This is not the time to be quiet in the face of the massive propaganda war in the western MSM. Remember Iraq? Where were the WMD? There were non! Where were the links between Saddam Hussein and 9/11 attack? There were non! Over 1 million Iraqi civilians have died because the Neo Cons lust for Iraqi oil and world conquest. Over 250,000 Afghanistan civilians are dead. Why ? Because the corporate fascist American government wants to build their oil pipeline across their country. The CIA wants to control the poppy fields in Afghanistan right? The Taliban had been actively destroying the fields.
- What are the calls for troop increase in Afghanistan and Pakistan about? They need the troops for their coming war with Iran. Both Afghanistan and Pakistan are on the eastern borders of Iran. Iraq is on the western border. The encirclement is almost complete. Time to trigger this war right?
23 “Thus he said:
‘ The fourth beast shall be
A fourth kingdom on earth,
Which shall be different from all other kingdoms,
And shall devour the whole earth,
Trample it and break it in pieces.
- Infowars.com reports :
It looks like an attack on Iran is a fait accompli. It’s just a matter of timing at this point. Reading the corporate media — and much of the so-called “progressive” media — one hears what amounts to a chant: Iran has nukes, Iran has nukes… or they will very soon.
In fact, Iran does not have nuclear weapons. It does not have the capability to build one solitary nuclear bomb, crude or otherwise. Iran has not enriched uranium to the point required to make a bomb. It has enriched uranium for nuclear energy. Iran’s uranium enrichment is less than five percent and consistent with fuel for a civilian nuclear power plant. Iran has imposed restrictions on its enrichment program including ratifying the Additional Protocol to allow more stringent inspections by the International Atomic Energy Agency, operating the uranium enrichment facility at Natanz as a multinational fuel center with the participation of foreign representatives, renouncing plutonium reprocessing and immediately fabricating all enriched uranium into reactor fuel rods. The IAEA has repeatedly said Iran is not enriching nuclear-weapons grade uranium.
But this does not matter. The U.S. government and its European partners, Israel, and the corporate media have repeated the lie that Iran is building a nuclear bomb so often that millions of people believe it and think Iran is a threat. Even peacenik liberals who mistrusted Bush and the neocons now believe Iran is a threat. They just disagree on how this manufactured and phantom threat should be addressed.
It looks like mass murder before Christmas.
Keep in mind that when the “liberal” Clinton was in office, he had few problems with his “liberal” supporters when he attacked Serbia. Democrats stood behind Clinton’s mass murder campaign. “For many leading Democrats, including some in top positions in the Obama administration, it was a ‘good’ war, in contrast to the Bush administration’s ‘bad’ war on Iraq,” writes Stephen Zunes. “Unless there’s a willingness to critically re-examine the war, the threat of another war in the name of liberal internationalism looms large.”
Zunes points out that liberals supported the illegal and immoral bombing campaign because they “recognized the severity of the ongoing oppression of the Kosovar Albanians and the need to challenge Serbian ethno-fascism.”
Serbian mistreatment of minorities was selectively focused on by the U.S. government for geopolitical reasons. “While showing themselves ready and willing to bomb Yugoslavia on behalf of an ostensibly oppressed minority in Kosovo, U.S. leaders have made no moves against the Czech Republic for its mistreatment of the Romany people (gypsies), or Britain for oppressing the Catholic minority in Northern Ireland, or the Hutu for the mass murder of a half million Tutsi in Rwanda,” writes historian Michael Parenti. “Nor have U.S. leaders considered launching “humanitarian bombings” against the Turkish people for what their leaders have done to the Kurds, or the Indonesian people because their generals killed over 200,000 East Timorese and were continuing such slaughter through the summer of 1999, or the Guatemalans for the Guatemalan military’s systematic extermination of tens of thousands of Mayan villagers.”
The problem with the Serbs and Yugoslavia was they were a viable nation and an economic success. Between 1960 and 1980 Yugoslavia had one of the most vigorous growth rates: a decent standard of living, socialist medical care and education, a guaranteed right to a job, one-month vacation with pay, a literacy rate of over 90 percent, and a life expectancy of 72 years, as Parenti notes.
“The dismemberment and mutilation of Yugoslavia was part of a concerted policy initiated by the United States and the other Western powers in 1989. Yugoslavia was the one country in Eastern Europe that would not voluntarily overthrow what remained of its socialist system and install a free-market economic order,” Parenti explains. In short, it was a threat to the New World Order and the so-called “free traders,” that is to say the rape and pillage gang on Wall Street. It had to go — and in sensational fashion so other uppity states would get the message. It was easy to sell the mass murder campaign to the liberals. Clinton sold it as humanitarian intervention. It was nothing of the sort
Iraq was dismembered under a different and more cynical pretense — Saddam represented a threat to his neighbors (this was the pretense under Bush Senior) and then under Bush the Lesser he was a threat to the United States itself with weapons of mass destruction and support for al-Qaeda. Of course, as I said at the time, these were transparent and easily debunked lies. It didn’t matter. The American people — habitually ignorant of history, geography, and politics — bought into the lies and supported Bush’s mass murder campaign.
Iraq was a lot like Yugoslavia. In the 1970s the country had well-developed health and education systems. People from around the Arab world went to Iraq to get a college education. Infant mortality and diseases were in decline. All of this changed when Iraq went to war with Iran in the 1980s. The war was encouraged and supported by the U.S. Reagan removed Iraq from the State Department list of known terrorist countries, sold chemical weapons to Saddam (including weapons grade anthrax and botulinum), and provided military logistics. At the same time, the U.S. agreed to facilitate the sale of arms to Iran through Israel. The eight year conflict resulted in nearly a million dead Iranians and Iraqis. Bush Senior’s invasion a few years later made a bad situation far worse.
Between the two Bush gangsters and Bill Clinton, the U.S. has killed well over 2 million Iraqis. Obama will either sign off on an Israeli attack on Iran or he will direct the U.S. to bomb the country. Millions of liberals will support this because they are brainwashed by the government and the corporate media into the completely fallacious belief that Iran has nukes or will have them soon. Millions more will not directly support the coming mass murder campaign but will not raises their voices in opposition to Obama.
Opposition is irrelevant. Recall Bush arrogantly dismissing the antiwar movement as a “focus group.” Obama will ignore the small number of people who will go into the street on the day after Israel or the U.S. bombs Iran. Obama is a puppet to the international bankers and the one-worlders and he will do as instructed.
Iran has to be reduced to a smoldering wasteland the same way Iraq was because it is outside the one-world loop. It does not take orders from Wall Street and the international bankers. Iran has its own ideas on how the country should be ruled and this is unacceptable. It has nothing to do with nukes, the alleged antisemitism of Mahmoud Ahmadinejad, or even the dictatorship of the clerics. The coming attack on Iran is about breaking the back of the Iranian people and killing off their leaders. It’s about making Iran part of the global slave plantation.
- Erdogan the Turkish president speaks the truth. He is not under the control of the Zionist Illuminati cabal. Most Zionists are just brain washed Jews and Christians. The Zionist Illuminati cabal I am talking about are the hidden Satanists who manipulate the world to their cause: New World Order, One World Government, Global Fascist Police State.
- Why are these Satanists, Zionists? This has to do with what Satan desire in his heart :
12 “ How you are fallen from heaven,
O Lucifer,[b] son of the morning!
How you are cut down to the ground,
You who weakened the nations!
13 For you have said in your heart: ‘ I will ascend into heaven,
I will exalt my throne above the stars of God;
I will also sit on the mount of the congregation
On the farthest sides of the north;
14 I will ascend above the heights of the clouds,
I will be like the Most High.’
15 Yet you shall be brought down to Sheol,
To the lowest depths of the Pit.
- He wants to ‘be like the Most High‘. God’s throne on earth is in Jerusalem. This is the city where God the Father will be worshipped and God the Son rule. Thus, the Satanic plan has been to create a counterfeit state of Israel (and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.), rebuild the temple, place his ‘son’ the Anti-Christ on the throne in Jerusalem and get the whole world to worship his ‘son’ and himself Satan: like God the Father.
- Press TV reports :
The Turkish president has condemned Western countries’ focus on Iran’s nuclear program, stressing that the world should deal with Israel’s nuclear weapons instead. Turkey’s “Radikal” newspaper on Sunday reported that Recep Tayyip Erdogan’s strong comments against Israel’s nuclear program was similar to his “one minute” stance in Davos in January when he walked out of a televised debate with his Israeli counterpart Shimon Peres.
Erdogan told reporters in New York that Iran’s nuclear program is not aimed at “military ends”. The Turkish president noted that Israel has “nuclear weapons” and has used “phosphorous bombs” against Palestinians in the Gaza Strip. “Why these are not on the agenda? It is always Iran…” Erdogan told reporters in New York.
“If only Iran is put on the world agenda, then we may neglect other issues such as the Gaza [conflict] that should be addressed,” he said.
Erdogan, upon his arrival to Istanbul from New York, said that during his meetings in the UN General Assembly and the G20 leaders’ summit in Pittsburg, no military option against Iran has been on agenda.
Iran’s northwestern neighbor has also urged caution over imposing any new sanctions on Tehran, saying they will not be useful. The Turkish Prime Minister Recep Tayyip Erdogan is due to visit Tehran next month to discuss Iran’s nuclear program with President Mahmoud Ahmadinejad.
Erdogan ruled out any attempts to impose sanctions on Tehran’s gas industry, saying sanctions would be especially problematic for its neighbor Turkey. The Turkish president has plans to visit Iran next month to help resolve the dispute over Tehran’s nuclear program.
“I will make a trip to Iran towards the end of October… We will discuss regional problems, including this (nuclear) one,” Turkey’s Anatolia news agency quoted Erdogan as saying.
Israel, which is the only possessor of nuclear weapons in the Middle East and has imposed several wars on the region, accuses Iran of trying to develop a military nuclear program and has repeatedly voiced its determination to halt the Islamic Republic’s nuclear program through military options.
Unlike Israel, Iran is a signatory to the nuclear Non-Proliferation Treaty (NPT) and has been pushing for a the removal of all weapons of mass destruction across the globe. Tehran says its nuclear program is being pursued within the framework of the IAEA and international regulations. The UN nuclear watchdog in its previous reports had confirmed that Iran only enriches uranium-235 to a level of “less than 5 percent.”
Uranium, which fuels a nuclear power plant, can be used for military purposes only if enriched to high levels of above 90 percent.
- The war mongering is escalating. War with Iran seems inevitable. The Neo-Cons madmen who are running America and Israel is hell bent on starting this war. Quite frankly all the facts are against them. But they control the MSM and thus the hollywood presentation last week during the G20 meeting. What total bull crap lies and propaganda! Can you trust Obama, Sarkozy, Brown and Netanyahu? They lie and lie constantly and unabashedly.
- Listen to Dr. Ron Paul he tells the truth! The Iranian has not broken any international law but have abide by all they agreed to. Please circulate this and break the MSM propaganda. The world do not need this war! This war will easily escalate into World War 3. The Satanic cabal that rules the western world want to trigger this war. They are losing their grip on their financial fiat currency hegemony. China is a huge threat to their economic and financial system. China can just tell all of them to goto hell and go in alone economically and financially. This will end their central bankster fiat currency control.
- The modern state of Israel is not the same as the Israel in the bible. Here are the facts about modern Israel:
1980 Jewish Almanac
“Strictly speaking it is incorrect to call an ancient Israelite a ‘Jew’ or to call a contemporary Jew an Israelite or a Hebrew.”
(1980 Jewish Almanac, p. 3).
The Jewish Encyclopedia:
“Khazars, a non-Semitic, Asiatic, Mongolian tribal nation who emigrated into Eastern Europe about the first century, who were converted as an entire nation to Judaism in the seventh century by the expanding Russian nation which absorbed the entire Khazar population, and who account for the presence in Eastern Europe of the great numbers of Yiddish-speaking Jews in Russia, Poland, Lithuania, Galatia, Besserabia and Rumania.”
The American Peoples Encyclopedia
… for 1954 at 15-292 records the following in reference to the Khazars: “In the year 740 A.D. the Khazars were officially converted to Judaism. A century later they were crushed by the incoming Slavic-speaking people and were scattered over central Europe where they were known as Jews.
American Jew Jack Bernstein
The powerful Zionist propaganda machine has led the American people to believe that a Jew is a Jew — one race of people and that they are “God’s Chosen People”. I will deal with the “God’s Chosen People” LIE later. First, it is important for you to understand that Jews are NOT one race of people.
There are two distinct groups of Jews in the world and they come from two different areas of the world — the Sephardic Jews from the Middle East and North Africa and the Ashkenazi Jews come from Eastern Europe. The Sephardic is the oldest group and it is they, if any, who are the Jews described in the Bible because they lived in the area described in the Bible. They are blood relatives to the Arabs — the only difference between them is the religion.
The Ashkenazi Jews, who now compromise 90% of the Jews in the world, had a rather strange beginning. According to historians, many of them Jewish, the Ashkenazi Jews came into existence about 1200 years ago.
The Khazars chose Judaism, but it wasn’t for religious reasons. If the Khazars had chosen Islam, they would have angered the strong Christian world. If they had chosen Christianity, they would have angered the strong Islamic world. So, they played it safe — they chose Judaism. It wasn’t for religious reasons the Khazars chose Judaism; it was for political reasons.
Sometime during the 13th century, the Khazars were driven from their land and they migrated westward with most of them settling in Poland and Russia. These Khazars are now known as Ashkenazi Jews. Because these Khazar Ashkenazi Jews merely chose Judaism, they are not really Jews — at least not blood Jews.
- Having said this, there are no grounds for hating anyone, Jews, Muslims or Christians…etc.. based on their race, color or religion. God does not teach us to hate. What I am trying to point out is: Christians should not blindly follow the propaganda dished out by the MSM. The idea that modern Israel is God’s chosen people and can do no wrong is utterly a lie. In the old testament, God unreservedly condemned the Jews when they sinned. And God threw them out of the holy land when they refuse to repent of their sins.
- Who is really destabilizing the middle east? Truth hurts but it is still the truth!
Estimates of the Israeli Nuclear Arsenal
1997 >400 deliverable thermonuclear and nuclear weapons
- See also:
Outfoxing the 9/11 Coverup
Controlled Demolitions Caused the Collapse of the World Trade Center (WTC) buildings on September 11, 2001
The 9/11 Commission Rejects own Report as Based on Government Lies!
Bigard’s 9/11 Series
9/11 Truth Revolution
9/11 and Hitler’s Reichstag Fire!
Bee Gees: 9/11 is a Lie!
Stop the 9/11 Cover-Up! 9/11 Commission Members Doubt Official Story !
9/11 Loose Change Documentary
Seven CIA Veterans Challenge 9/11 Commission Report!
Actor Charlie Sheen: America Was Behind the 9/11 Atrocities!
Aaron Russo: Rockefeller Knew about 9/11 Well In Advance?
Jesse Ventura on 9/11 Inside Job
Turning 9/11 Realities Upside Down: When the “Big Lie” becomes the “Truth”
9/11 In 7 Minutes! 9/11 Myths – Think About It!
Japanese Politician Yukihisa Fujita: Bush’s 9/11 Lie !
Councilor Fujita Questions 9/11 in the Japanese Diet (Parliament)!
The 9/11 Chronicles: Part One, Truth Rising!
Richard Gage: Was 9/11 an Inside Job?
Justice for 9/11
9/11 Coincidences – 1
9/11 Coincidences – 2
9/11 Coincidences – 3
9/11 Coincidences – 4
9/11 Coincidences – 5
9/11 Video Clips Dan Rather Would Rather Not Show You
Osama Bin Laden Worked for US until 9/11
Experts Want New 9/11 investigation
Jesse Ventura: They Spent $100M Investigating Clinton But Only $4M On 9/11!
Professor Harrit: WTC Buildings Were Brought Down By Controlled Demolition
Official 7/7 London Bombing Account is a Complex and Contradictory Series of Lies!
New 7/7 Bombing Photo Contradicts Official Story
9/11 FLIR Infrared Camera proves NIST and 9/11 Commission Lies
Major General (Ret) Albert N. Stubblebine: Official Version of 9/11 is a Fraud!
29 Structural & Civil Engineers Cite Evidence for Controlled Explosive Demolition in Collapses of All 3 WTC High-Rises on 9/11
Major 9/11 Truth Breakthrough KBDI Denver Airs 9/11 Press for Truth
9/11 Blueprint for Truth
Ex-Italian President: 9/11 Was CIA/Mossad Operation
Danish Scientist Niels Harrit: Nano Thermite (Explosives) in the WTC Dust !
Active Thermitic Material Discovered in Dust from the 9/11 World Trade Center Catastrophe
Medical Professionals for 9/11 Truth
Political Leaders for 9/11 Truth
- Japan has been the staunchest ally of America post WW2. And this has greatly enhanced stability in Asia. However, Japan has been perceived as somewhat of a ‘Yes’ man to America’s global hegemony. As long as the American empire promoted peace, stability and prosperity, I doubt anyone really minded. However, for the past decade America has become increasingly an unmanageable ‘beast’. It’s war machine is out of control. It’s government is profligate. Sound economic policy is thrown to the wind. The rulers are siding with the banksters in robbing the people blind.
- Even before their election win, the Democratic Party of Japan had indicated they will dispose of their US treasury hoard (about US$560B). Hatoyama the new PM has indicated that Japan will be relooking at many agreements and even reviewing secret agreements with the US government. He is rethinking the agreement to allow nuclear armed US ships to enter Japan. The relationship between America and Japan is changing rapidly. Japan is opening up to Russia also.
- He has also made remarks in favor of a stronger Japanese Yen. Something, past administration would not have done. It affects their exports greatly. My feeling was that the Japanese central bank will intervene when the USD-JPY drop below 90 Yen. It now seems unlikely. Will USD-JPY be allowed to drop below 85? Past administrations will intervene massively. Now all bets are off!
- Martin Weiss brings his usual erudite and insightful assessment of the currency situation:
Just when the worldwide onslaught against the U.S. dollar seemed to be temporarily subsiding, a new round of attacks hit Friday — this time from Japan.
On August 30, in a landslide election victory that shook the world, the left-of-center Democratic Party of Japan derailed the ruling party and swept a new leader to power, Yukio Hatoyama. It was the most significant tipping point in that country’s politics since 1955. Now, 30 days later, we are starting to see the repercussions for the U.S. dollar: For the first time in decades, the new Japanese regime is effectively giving up supporting the greenback in the currency markets!
The consequences are immediate: Just this past Thursday, the U.S. dollar could buy 91.27 Japanese yen. By the end of the day Friday, it could only buy 89.63 yen. In just 24 hours, the dollar fell by 1.81 percent, more than it would typically fall in 24 DAYS!
The Dollar Decline Could Deliver A Major Blow to Your Wealth
Right now, American households own $67.2 trillion in assets, including stocks, bonds, and real estate. Here’s the key: If measured in terms of Japanese yen, just between the close of business Thursday and close of business Friday …Over one trillion dollars in American wealth was wiped off the map! All in just 24 hours!
Fatal Flaw #1. Your money isn’t just falling in far-away markets. It’s falling everywhere.
When the value of your money crashes globally, it also falls domestically. Already, the cost of more than 90 percent of the products sold at Wal-Mart (all produced overseas) is being impacted. Already, the vast majority of products sold in electronics stores, furniture stores, and appliance stores are being affected. Ditto for the lion’s share of the oil, gasoline, and heating oil you buy. So when the dollar falls, you ultimately pay.
Fatal Flaw #2. Your money isn’t really yours. A lot of it is actually theirs.
It’s been loaned to America by the very same foreign countries where the dollar is falling the fastest — Japan, China, the eurozone, and other countries. And it’s being loaned to America …
To finance the massive $1.58 trillion federal budget …
To fund our addiction to debt …
And to once again fuel the borrow-and-spend binging that helped create the financial crisis in the first place.
Fatal Flaw #3. When they want their money back, they GET it back.
When foreign central banks and investors want to pull their money out, they don’t have to grovel to the U.S. Treasury Department or wait on line at the Fed. They merely issue sell orders to liquidate their U.S. investments, convert them into cash, and exchange them for other currencies.
So far, this process has typically been orderly, with no panic. But if the action in the Japanese yen on Friday is any indication, it may not stay that way for long.
Fatal Flaw #4. They can sink YOUR investments.
The more the dollar falls, the more they want to sell. And the more they sell, the further the dollar falls. But dollars aren’t sold in a vacuum. Whenever foreign investors and governments sell U.S. our dollars, they’re also selling U.S. stocks, bonds, and real estate. And that’s how it comes back to bite ordinary Americans on the rear end, causing potentially big losses in the $67.2 trillion of household wealth.
The Unfathomable Risk Our Leaders Are Taking
The U.S. dollar is not going to die. But our leaders are taking an unfathomable risk with our money and our destiny as a nation. Every time we run budget deficits, we must go, hat in hand, asking for money from central banks and investors in Asia, Europe, and even Latin America. Every time we run a trade deficit, spending more on imports than we earn on exports, we run back for still more money from Asians, Europeans, and Latin Americans.
And now, after thousands of such trips and billions of such transactions, the U.S. now has a total of $7.9 trillion in liabilities to foreigners.
Why It’s Now Far More Difficult to Postpone the Day of Reckoning
Until recently, we were able to continually postpone our day of reckoning as a nation. The U.S. dollar was king, the only reserve currency. And the U.S. financial market was the only game in town big enough to satisfy the needs of overseas investors. So they had to keep most of their money in dollars, whether they liked it or not. They had no choice.
Whenever they lost faith in other countries — Argentina, South Africa, Thailand, or even a country like Great Britain — they could pull out along with hoards of others, sending those financial markets into a tailspin. But when the United States made similar mistakes, it got away with it. And so it was that we merrily ran huge deficits, borrowed to the hilt, and continued to party as if nothing were wrong. And that’s why, despite it all, overseas investors continued to pour more and more money into America.
In the 1980s, it was primarily cash-rich Japanese who led the way, investing billions in U.S. stocks and bonds, helping to lift the Dow and Treasuries out of their worst slumps of the postwar era. In the 1990s, it was mostly Germans who played that role, helping to drive the big tech boom. And in the 21st century, China has become the big provider of new funds to the U.S. But now all of this is changing and we’re nearing the end of the line:
– Foreign central banks have sought — and begun to find — viable alternatives to the U.S. dollar as a reserve currency.
– China and others have pushed progressively harder to replace the dollar with a basket of currencies.
– The United Nations has proposed a similar scheme, creating a new monetary system.
– And this past week, as I mentioned at the outset, even Japan, America’s staunchest and richest financial ally, is beginning to abandon its long support for the U.S. dollar.
But U.S. authorities remain conspicuously complacent. Despite rhetoric supporting the greenback, both the U.S. Treasury and the Federal Reserve have actively pursued policies that merely sink the U.S. dollar further — a national debt that will grow by $9 trillion by 2019 … and massive money printing to finance it.
Clearly, our government can think of no better response to the new pressures than to flood the world with still cheaper dollars.
- The world will eventually return to gold and silver as real money. Foreign creditor nations are beginning to realize that taking USD in payment is no payment at all. They have to recycle the USD back into treasuries which is another debt IOU instrument. Treasuries are never paid off. They are just another ponzi scheme. When the maturity comes around, the US government simply issues more treasuries to ‘pay off’ those that are maturing. Will you take another IOU in payment of a due IOU? Gold or silver will eventually be demanded as payment for international trade. Mark Rasmussen opines :
Silver is less than 1/4 of its 1980 cost (nominal prices, not inflation adjusted). Is there anything else on the planet you can think of that is currently 1/4 of its 1980 price? Oh, and do they have the following attributes?
Silver is an industrial metal and a monetary metal. 5,000 years of sound history as a measure of value and store of wealth, portable, fungible, divisible and unique. Known as “the poor mans gold”, Silver is more affordable and useful in smaller units, as real money, than Gold.
Silver has had more patents issued with its use than all other metals combined. Silver is a very good natural biocide and is now being used in clothing and food storage containers like Tupperware because of that property. Silver is the second most malleable metal next to gold, the most reflective and the best electrical conductor of all metals.
Silver is widely used in industrial applications as a conductor, RFID (radio frequency identification chips) for inventory and tracking, nano technology and surgical equipment where the biocide and super conductivity qualities are needed. Photography was the largest industrial use but is declining due to digital photography. Silver has replaced lead in solder for both Europe and the U.S. Most industrially used silver is used and effectively destroyed because it is not recovered and ends up in landfills….Permanently lost.
There is an estimated 20 billion oz. of above ground silver that can be accounted for by coinage, bullion in storage, flatware, jewelry, religious and artistic objects. There is an estimated 9.2 billion oz. of gold above ground (an estimated 90% of all gold ever mined is still in existence). 2.17 : 1 ratio.
The 800 year price ratio of silver to gold is apx. 16:1 (1980 $50/$825), in 1913 18:1. Today the current price ratio of silver to gold is 59.1 (3.75 X the historical average). The Gold/Dow ratio is now 9.6:1 (was 44:1 in 2000)…..yes, the Dow is down 78% in gold terms, over the past 9 yrs. Do you think precious metals are a risky and dangerous investment? Gold is up 33% and Silver up 57% over the past year….what else is? Incidentally, in 1933 and 1980 1 oz. of gold equaled 1 share of the Dow (825 Dow, $825 gold in 1980). A regression to the historical mean sounds just right to me. You see, gold and silver are resuming their historical role as real money and wealth and still have a long way to go….particularly silver. Precious metals cannot be printed or digitally produced. You have probably noticed the obscene amounts of un-money being created for our Special Olympic economic model “no one loses and no one fails”, with bailouts and monetary stimulus to and from the ends of the earth.
If the current volume of fiat dollars was converted to gold it would exceed $50,000 per oz. There was a 17 consecutive year shortage of silver production until 2007.
1971 when Nixon closed the gold window and abandoned the gold standard, the U.S. had in excess of 2 billion oz. of silver reserves. The U.S. Treasury now has none and the U.S. Mint has to purchase the silver in the open market to mint their silver eagles.
Fully 70% of silver is produced as a result of mining other metals, mostly base metals. Copper mining, for example, is responsible for 28% of the silver mined in 2007. Lead/Zinc mining yielded 32% of the silver mined in 2007. Finally, gold mining brought about 10% of the silver market.
Gold sales by central banks are at their lowest levels since 1994 and several central banks (Russia and China the most notable) are buying gold for reserves. Total global gold production has contracted over the past 10 years (down 4% 2008) in spite of a 294% price increase over that time. Last year, many companies announced curtailing production and delaying projects, and all companies are at lease reviewing their spending plans. Randlgold Resources (Amex: GOLD) expects global gold production to decline by between 15% and 20% in the next two to three years, as unprofitable operations are squeezed out and difficult market conditions delay the development of new mines.
Disclaimer – I am not a financial advisor. This is not an advice to buy, sell or hold any stocks or bonds or any precious metals.
- The British sterling pound is toast. It has collapsed dramatically over the past week. The USD is no better. It is in fact a worse currency. There is no real way the US government can meet all its liabilities. The era of competitive devaluation is starting. Gold will go much higher!
- All these talk about strong currencies are BS. What is planned is for a devaluation of the sterling pound and USD. They need to be debased to inflate away all their debts and help their banks. I believe the sterling pound will be phased out in favor of the Euro. Any actions to raise interest rates and end QE will send the economy into a deep dive! The Telegraph UK reports :
The Bank of England has summoned the City’s leading economists to an unprecedented meeting in Threadneedle Street, as the pound plunges amid growing confusion over its radical Quantitative Easing (QE) policy.
The Bank will host a seminar of all London’s major economists next Tuesday – the first time it has invited them in en masse in recent memory – in what has been construed as a sign that it fears market participants are starting to lose faith in its efforts to pump cash into the economy. The move has also sparked speculation that it is poised to announce a major change to the monetary policy framework, although insiders dismissed such suggestions.
It came after the minutes from the Bank’s latest Monetary Policy Committee meeting revealed that the idea of cutting the interest rate banks are paid on the reserves they hold there was not discussed this month. The pound has lurched lower in recent weeks, thanks in part to speculation that the Bank will impose charges on banks for holding excessive amounts of cash in reserve at its vaults. Under QE, it is pumping £175bn into the economy, but much of this cash is sitting in banks’ reserve accounts rather than being recycled and flowing around the broader economy.
The suspicion that the Bank will soon take action to mitigate this has pushed down market interest rates sharply and contributed to an almost 5pc fall in the pound against other leading currencies. It has caused gilt prices and short-term interest rates to fluctuate wildly in recent weeks.
The Bank’s seminar, chaired by deputy Governor Charlie Bean, alongside chief economist Spencer Dale and markets director Paul Fisher, is intended to clear up this confusion. It sparked anticipation in the City not merely because the Bank has a reputation for extreme secrecy, but because some suspect it may come alongside an announcement over the Bank’s reserves policy. Others suspect the Bank is concerned that many think either that QE amounts to printing money, much as Zimbabwe and Weimar Germany did, or that it simply is not working.
In yesterday’s minutes, the MPC revealed that its nine members had voted unanimously to leave interest rates unchanged at 0.5pc and the QE total at £175bn, although both the Governor, Mervyn King, and external member David Miles said that “a larger asset purchase programme could still be justified.” In a separate speech, MPC member Kate Barker said that the months ahead would be a critical test of whether a recovery was likely to be maintained.
She added that, even as growth picks up, rising unemployment will eliminate the “immediate prospect of a ‘feel-good’ factor”. She also indicated that low interest rates and Quantitative Easing would remain in place for the foreseeable future, saying: “As the expected recovery becomes established, monetary policy will need to be sensitive to the concern that too rapid an adjustment in private sector balance sheets could be provoked by premature monetary tightening.”
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- What was the G20 meeting discussing about? Bankers bonuses and pay? This is an issue that do not need much discussion. Just break up all the banks that are considered too big to fail into much smaller banks. Re-institute mark to market accounting. The bank bonuses are based on accounting shenanigans, mark to model accounting. If you value a US$1M asset as US$100M, hey everyone can have a profit and obscene bonuses.
- The real discussion is the USD IMO. The rest of the world are unhappy at the state of the American economy. They know it is a matter of time before the USD collapses. Jim Rickards has some very interesting perspective on the USD, gold and the G20 behind the scenes discussion.
- Paul Craig Roberts was Assistant Secretary of the Treasury in the Reagan administration. He tells the truth about what is really happening in America.
Americans cannot get any truth out of their government about anything, the economy included. Americans are being driven into the ground economically, with one million school children now homeless, while Federal Reserve chairman Ben Bernanke announces that the recession is over.
The spin that masquerades as news is becoming more delusional. Consumer spending is 70% of the US economy. It is the driving force, and it has been shut down. Except for the super rich, there has been no growth in consumer incomes in the 21st century. Statistician John Williams of shadowstats.com reports that real household income has never recovered its pre-2001 peak.
The US economy has been kept going by substituting growth in consumer debt for growth in consumer income. Federal Reserve chairman Alan Greenspan encouraged consumer debt with low interest rates. The low interest rates pushed up home prices, enabling Americans to refinance their homes and spend the equity. Credit cards were maxed out in expectations of rising real estate and equity values to pay the accumulated debt. The binge was halted when the real estate and equity bubbles burst.
As consumers no longer can expand their indebtedness and their incomes are not rising, there is no basis for a growing consumer economy. Indeed, statistics indicate that consumers are paying down debt in their efforts to survive financially. In an economy in which the consumer is the driving force, that is bad news.
The banks, now investment banks thanks to greed-driven deregulation that repealed the learned lessons of the past, were even more reckless than consumers and took speculative leverage to new heights. At the urging of Larry Summers and Goldman Sachs’ CEO Henry Paulson, the Securities and Exchange Commission and the Bush administration went along with removing restrictions on debt leverage.
When the bubble burst, the extraordinary leverage threatened the financial system with collapse. The US Treasury and the Federal Reserve stepped forward with no one knows how many trillions of dollars to “save the financial system,” which, of course, meant to save the greed-driven financial institutions that had caused the economic crisis that dispossessed ordinary Americans of half of their life savings.
The consumer has been chastened, but not the banks. Refreshed with the TARP $700 billion and the Federal Reserve’s expanded balance sheet, banks are again behaving like hedge funds. Leveraged speculation is producing another bubble with the current stock market rally, which is not a sign of economic recovery but is the final savaging of Americans’ wealth by a few investment banks and their Washington friends. Goldman Sachs, rolling in profits, announced six figure bonuses to employees. The rest of America is suffering terribly.
The unemployment rate, as reported, is a fiction and has been since the Clinton administration. The unemployment rate does not include jobless Americans who have been unemployed for more than a year and have given up on finding work. The reported 10% unemployment rate is understated by the millions of Americans who are suffering long-term unemployment and are no longer counted as unemployed. As each month passes, unemployed Americans drop off the unemployment role due to nothing except the passing of time.
The inflation rate, especially “core inflation,” is another fiction. “Core inflation” does not include food and energy, two of Americans’ biggest budget items. The Consumer Price Index (CPI) assumes, ever since the Boskin Commission during the Clinton administration, that if prices of items go up consumers substitute cheaper items. This is certainly the case, but this way of measuring inflation means that the CPI is no longer comparable to past years, because the basket of goods in the index is variable.
The Boskin Commission’s CPI, by lowering the measured rate of inflation, raises the real GDP growth rate. The result of the statistical manipulation is an understated inflation rate, thus eroding the real value of Social Security income, and an overstated growth rate. Statistical manipulation cloaks a declining standard of living.
In bygone days of American prosperity, American incomes rose with productivity. It was the real growth in American incomes that propelled the US economy.
In today’s America, the only incomes that rise are in the financial sector that risks the country’s future on excessive leverage and in the corporate world that substitutes foreign for American labor. Under the compensation rules and emphasis on shareholder earnings that hold sway in the US today, corporate executives maximize earnings and their compensation by minimizing the employment of Americans.
Try to find some acknowledgement of this in the “mainstream media,” or among economists, who suck up to the offshoring corporations for grants. The worst part of the decline is yet to come. Bank failures and home foreclosures are yet to peak. The commercial real estate bust is yet to hit. The dollar crisis is building.
When it hits, interest rates will rise dramatically as the US struggles to finance its massive budget and trade deficits while the rest of the world tries to escape a depreciating dollar.
Since the spring of this year, the value of the US dollar has collapsed against every currency except those pegged to it. The Swiss franc has risen 14% against the dollar. Every hard currency from the Canadian dollar to the Euro and UK pound has risen at least 13 % against the US dollar since April 2009. The Japanese yen is not far behind, and the Brazilian real has risen 25% against the almighty US dollar. Even the Russian ruble has risen 13% against the US dollar.
What sort of recovery is it when the safest investment is to bet against the US dollar? The American household of my day, in which the husband worked and the wife provided household services and raised the children, scarcely exists today. Most, if not all, members of a household have to work in order to pay the bills. However, the jobs are disappearing, even the part-time ones.
If measured according to the methodology used when I was Assistant Secretary of the Treasury, the unemployment rate today in the US is above 20%. Moreover, there is no obvious way of reducing it. There are no factories, with work forces temporarily laid off by high interest rates, waiting for a lower interest rate policy to call their workforces back into production.
The work has been moved abroad. In the bygone days of American prosperity, CEOs were inculcated with the view that they had equal responsibilities to customers, employees, and shareholders. This view has been exterminated. Pushed by Wall Street and the threat of takeovers promising “enhanced shareholder value,” and incentivized by “performance pay,” CEOs use every means to substitute cheaper foreign employees for Americans .
Despite 20% unemployment and cum laude engineering graduates who cannot find jobs or even job interviews, Congress continues to support 65,000 annual H-1B work visas for foreigners. In the midst of the highest unemployment since the Great Depression what kind of a fool do you need to be to think that there is a shortage of qualified US workers?
- America is dying. Its rulers treat the Constitution with contempt. Through a few decades of dumbing the population down, the people no longer have the will to take the country back from traitorous leaders. The country is being raped by banksters with a complicit MSM. It’s economic statistics are no more than cleverly disguised lies. Yes, the economy is improving! But only for the banksters. The shills in the MSM continues to believe and promote the idea that China, Japan…foreign creditors have no choice but to continue buying treasuries. So all will be well. Clive Maund writes :
The general public, who never understood the global financial crisis in the first place, have been hoodwinked into thinking it’s over. It’s not. None of the underlying structural abnormalities, distortions and excesses within the global financial system have been addressed and rectified, because to do so in a meaningful way would involve allowing a constructive depression to purge the system of dross and parasitic elements (like much of government itself) in what would amount to a teardown and rebuild.
Instead, the same crew who got us into this mess are still in charge, and their “solution” to the global financial crisis has been even more extravagant helpings of what created the mess in the first place – namely money and credit creation. This shameless procrastination has not and will not fix anything – all it has done is postpone the day of reckoning and guaranteed an even worse crisis later.
Recession, depression and deflation have their rightful place in the scheme of things, which is to straighten the system out after a prolonged period of profligacy. The willful obstruction of these forces is ultimately counterproductive and futile. Almost all of you will be aware of the longstanding inflation versus deflation arguments, which still rage. What happened last year is that the deflationary forces that had built up to explosive proportions suddenly burst into the open. However, instead of allowing these cleansing forces to do their grim work, The US Fed and government and then Central Banks worldwide decided to beat them back with a massive inflationary frontal assault of money and credit creation.
There should by rights have been many more bloated carcasses like Lehman Brothers floating down the river, but instead we have the legacy of an army of zombie corporations, hopelessly corrupt and mismanaged, lurching towards us like the figures in the The Night of the Living Dead. The same rotten management with their crony connections in government, the same leeching off shareholders and the public purse, and the same soaking of gullible foreigners with share and bond issues. However, there is a limit to everything, and as made clear by Karl Denninger in his recent article “WARNING: Deflationary Collapse Dead Ahead”, the US debt is continuing to accelerate into the stratosphere, racing way ahead of GDP so that it is effectively unserviceable already.
Any significant increase in interest rates would make it blatantly obvious that it is unserviceable and lead to default – this is why interest rates have been held at such an artificially low level for so long, but this itself is creating massive problems. For a start it is undermining the dollar which is threatened with collapse, and extremely low rates and inflation of the money supply are also encouraging another carry trade boom in commodities and other assets. Another big danger is that the US can no longer count on dull-witted foreigners to keep buying increasingly large tranches of Treasuries to keep the party going. Foreigners are slowly wising up and refusing to fall for it, which means that in order to meet its funding requirements the US Fed and government are having to buy their own garbage, which is of course hugely inflationary.
So what we have is a bizarre stagflationary situation, where an attempt is being made to beat back massive deflationary forces by means of further money and credit creation. This continues to ramp up the national debt to astronomic levels requiring a continuance of zero interest rates to avoid default. The zero interest rates and continued expansion of the money supply threaten to destroy the dollar, but if rates are raised significantly default will rapidly ensue. This is a classic Catch 22 situation and it is quite clear that the United States is on its way to becoming a third world country. If default occurs and the banks in the US close their doors things could get ugly really fast, with the prospect of 100 million people with guns going on the rampage looking for food and essentials – and someone to blame. Martial Law and a curfew with a “shoot to kill” policy would have to be declared instantly – fortunately this has been catered for by the provisions of the Patriot Acts.
There is however one escape route that might enable the US to avoid the indignity of ending up like Zimbabwe, and that is for it to “surrender” to its creditors and submit to being economically carved up by them. In effect sovereignty would be lost, but face-saving measures might be permitted such as allowing the inhabitants to continue to celebrate Independence Day, and to fantasize that the Constitution of the US still applies and to plaster flags everywhere, provided that the “Made in China” reference in the corner of the flag is clear to see. On the plus side the paranoid nonsense at airports will probably be curbed and meals may even be reintroduced on flights, with curries and sushi as an option. The creditors will call the shots and the US military machine will be neutered, so that there will be no more military adventures on the other side of the planet to secure geopolitical objectives. US military bases will all be closed down or maybe refurbished as schools. Israel could find itself with a sudden severe funding crisis.
Major US corporations will effectively be run by foreigners who will restructure them as they see fit – which could be good news for US waistlines as workers start their day with Tai Chi and a session on the treadmill. Large tracts of Real Estate and other assets will be taken over in lieu of debt repayment. The Hamptons may be largely peopled by Asian entrepreneurs. There will be work for Americans in their own country, however, with plenty of vacancies bagging groceries and stacking shelves in supermarkets at decidedly modest rates of pay and plenty of other service opportunities for their new masters such as gardening and window cleaning. “Green cards” may even be permitted for the lucky few – not to enter the country but to leave.
Since those in control of the US have demonstrated their unwillingness to allow recessionary forces to do their necessary work of correcting the extreme imbalances within the economy, there are only two options left – default and deflationary implosion – ruin, or a comprehensive takeover of the country by its creditors, both of which options probably occurring after a period of runaway inflation as the Fed and government desperately try to stop the inevitable. If the former occurs the shockwaves will reverberate around the world, like last year, and we can expect a collapse in commodity and stock markets.
Until that happens it will be case of inflate and inflate, to forestall rising rates and liquidity problems, which will make gold and silver probably the best investments around, but you sure don’t want to be around once the music stops. It is therefore to be hoped for the common good that the US authorities make the right decision and surrender to the mercy of their creditors before it’s too late. Either way the American Empire is finished.