Sunday, November 10, 2013

Barack Obama's Pants are on Fire


 

November 10, 2013
americanthinker.com

More than 40 days and 40 nights after it was revealed that what President Obama repeatedly promised wasn't true, at last count 52 million Americans will lose their health insurance, mainly because Barry apparently believes that when it comes to choice, he knows better.

Based on the millions being unwillingly dropped from health insurance policies they chose and were perfectly happy with, Barack Obama must feel that Americans are incapable of choosing correctly. Not for nothing, but if the president is right, that conclusion casts a whole new perspective on his being elected twice.

Irreparable damage on the national level aside, after hawking the Affordable Care Act like a snake oil salesman, barking "Step right up, if you like your insurance plan you can keep your insurance plan," some gravely ill Americans are finding out that the cure-all the merchant of "Hope and Change" peddled was pure quackery.

Now, after a panicked realization has set in, the president, doing what he does best, decided he should at least make believe that he's sorry and that he's diligently working toward rectifying the catastrophic situation he caused.

Appearing remarkably serene, Obama chose to share his remorse with NBC anchor Chuck Todd. In an on-air interview the president said that he was sorry about people with cancer who, because they can't afford the Obamacare premium, have decided to "let nature take its course."

Feigning regret, the president acknowledged that people like Edie Littlefield Sundby, a woman with Stage IV gallbladder cancer who was dropped from her insurance, are "finding themselves in this situation based on assurances they got from me."

After talking about how "we didn't do a good enough job" in crafting the law (note the use of "we" instead of "I"), and unable to fall back on his usual scapegoat, G.W. Bush, the president, who modifies everything he says after he says it, first put the onus on evil insurers being responsible for modifying their plans after the law was passed.

Moving the conversation along, the president, who is gaining the reputation for being a liar around the world, said that "we" are doing "everything we can to get it fixed," and that "we" are "looking at a range of options." A "range of options" to do what, compensate for the disastrous results of three years' worth of the president's blatant lies?

And although it's too little, too late, Obama's on-camera façade of contrition was, at best, mildly amusing. Then, predictably shifting into full-blown victim status, Barack Obama came out with something downright stunning.

Having lost his head for a moment, the Barack Obama we all know and recognize emerged when he bemoaned his having "been burned ...[by] a website."

Whoa! After spending three years actively conning the country into buying a product he knew the whole time was bogus, and after millions of insured Americans laid aside their cynicism only to find themselves without healthcare coverage, blame-meister Barack 'Hey, Don't Look at Me, I Didn't Do It' Obama now dares to say that a poorly-planned healthcare rollout burned him?

Yes! Constitutional arsonist Barack Obama, the man who advocates the saline-scalding of unborn babies, the person who regularly blowtorches the First and Second Amendments, ignites racial unrest, has turned the economy into burnt toast, inflamed relations with America's allies, and set afire just about everything America holds near and dear, actually had the effrontery to utter the words "I've been burned."

The only thing missing from the interview was Barack Obama having to have his smoldering pants be doused with a fire extinguisher.

Jeannie hosts a blog at www.jeannie-ology.com




Sunday, October 20, 2013

Mark Levin explains what President Obama is really doing - seizing the power of the purse from Congress

October 16, 2013

Mark Levin explains what President Obama is really doing - seizing the power of the purse from Congress and taking away their ability to control funding in the government. In essence, this has been a coup by the Executive to limit the power of all other branches so that there are no checks and balances. Obama will set spending levels and veto any bills that fall short of his demands as he threatens to single handedly push the nation into a default. Congressman Louie Gohmert calls in and gives an update on the inner fighting within the House, as nobody really knows what's going on as backdoor deals are being made. Mark talks about the Republican Party members that want to go along with Harry Reid and give in on the debt ceiling.

Freedom...Refuse the Enslavement System

Government is all Lies and Propaganda

Wednesday, October 16, 2013

MUST LISTEN — Mark Levin: Obama holding nation RANSOM to SEIZE ‘power of purse’ from Congress



October 16, 2013
therightscoop.com

Mark Levin shows below how Obama is holding the nation ransom in order to seize the power of the purse from Congress, which would absolutely eviscerate the Constitution. Levin explains that Obama has absolutely no constitutional power in this regard, that the power of the purse was explicitly given to the people’s House of Representatives in the Constitution. And Obama’s plan is to seize it and Levin calls this a ‘coup’.

See, Obama doesn’t actually have to raise the debt ceiling himself in order to accomplish this. If his ransom demands (threat of default) are met by the Congress and he gets everything he wants, which is a clean CR and a clean debt ceiling raise with no ‘partisan’ strings, then he will have effectively stolen the power of the purse from Congress. All he’ll have to do is threaten default or some other calamity in the future and Congress will have to bend to his will.

Mark Levin plays audio from Rep. Tom McClintock in his segment below who spoke about this recently on the House floor. You can listen to the full segment below and it is rated a “MUST LISTEN”:

Wednesday, September 18, 2013

Mark Levin’s EPIC monologue on Republicans being forced to defund Obamacare



Sept 18, 2013
therightscoop.com

Mark Levin delivered a fantastic monologue coming out of the gate today on Obamacare and the fact that Republicans have finally been forced by the American people to try and defund it.

To Listen

Thursday, September 12, 2013

The Big Cover Up – Why Obama Really Wants to Go to War in Syria



Sept 12, 2013
theblaze.com
By Wayne Allyn Root

Let’s take an honest look at what Obama is doing to black Americans and his own most loyal supporters. It is, in a word…unimaginable.

It all starts with Syria. Why Syria? Why now? Until Russia interceded, going to war in Syria seemed the most important thing in the world to Obama and his Secretary of State John Kerry. They seemed DESPERATE to go to war, at any costs.
The Big Cover Up Why Obama Really Wants to Go to War in Syria

President Obama is using Syria to distract from his poor jobs record. Photo Credit: Mandel Ngana/AFP/Getty Images

But why? Syria has nothing to do with us. They are not threatening us. Their own war is a civil war with no “good guys.” How does America benefit from a war with Syria? Why did Obama suddenly decide a “red line” has been crossed, when there are “red lines” all over the world- including the killing of Christians and the burning of 71 Christian churches in Egypt. Why is it so important to risk American lives to defend the Syrian rebels- who are partners with Al Qaeda, America’s sworn enemy? We didn’t go to war to avenge the murder of our own citizens at Benghazi, so why would we go to war to avenge Al Qaeda deaths in Syria? None of this makes any sense at all.

Until you realize it’s a massive cover-up. Obama’s WMD- Weapon of Mass Distraction. Obama is desperate to cover-up the facts about his dying economy and the damage he’s done to his own most loyal voters. Obama has destroyed the lives of the very people who consider him “the American Idol.”How bad is Obama’s economy? Forget the 7.3 percent unemployment rate that is reported by the government. That’s pure fraud and propaganda. That figure goes down only because hundreds of thousands of Americans drop out of the workforce. In other words, if you stop looking for work, and go on food stamps and welfare, Obama says the unemployment number just got better!

The only truth about unemployment is found in the Labor Force Participation Rate of 63 percent. That’s the lowest in four decades. For men it’s the lowest since record-keeping began in the 1940’s. What this means is 37 percent of the able-bodied, working age adults in America are not only not working, they’ve given up looking for work.

Even worse, a unimaginable percentage of those who are employed have only part-time jobs. Seventy-seven percent of the new jobs created since January 1st are part-time jobs. That’s not good folks. Studies show 1-in-4 part-time workers live in poverty, while only 1-in-20 full-time workers live in poverty. So millions of Americans under Obama who show up as “employed” are merely working their way towards poverty. And millions of others who have full-time jobs are working at McDonalds, or working as waiters, or bartenders, or janitors. Those are the only jobs left under Obama. The middle class is being slaughtered.

Here are the two most ironic points about this slow-motion train wreck called the Obama economy:

Obamacare is the number one culprit destroying real jobs. Business owners are done. No smart business owner in all of America will lift a finger to create a full-time, high-paying job with benefits. It just makes no economic sense anymore. So Obama’s signature achievement has not only created a part-time economy, but all those people in part-time jobs don’t have health insurance. This should be a Saturday Night Live skit. The man has created nationalized health care so that everyone loses their jobs and no one has health care. Insanity. Unless your goal is to create an entire nation of Americans living in poverty, dependent on government welfare.

Secondly, here’s the really sad, tragic, and ironic fact of the Obama economy. Obama hurts the ones he loves. Obama’s policies are destroying the very people who elected and believed in him. It’s almost as if Obama is out to destroy his own voters. Let’s take a look at who is suffering the most from this Obama Great Depression.

Obama won the 2012 election with a razor thin 51 percent of the vote. His biggest supporters were blacks (93 percent voted for Obama), Hispanics (71 percent), single women (67 percent), young people (60 percent), and those without a high school diploma (64 percent). This is the loyal foundation of Barack Hussein Obama. This is who made him President, without a single qualification, except being a community organizer.

Now let’s look at how Obama repays his loyal fans. New research out just last week proves that since 2009 income for black heads of households dropped by 10.9 percent. For Hispanic heads of households it dropped by 4.5 percent. For single women head of households it dropped by 7 percent. For young people (under age 25) it dropped by 9.6 percent. For those with a high school diploma or less, income dropped by 8 percent.

In dollar terms the numbers are even worse. Female incomes are down by $2,300 per year under Obama; black incomes are down over $4,000 per year; Hispanic incomes are down by $2,000 per year.

How about actual unemployment figures for Obama’s fans? We see the same results. Reported unemployment (a bogus figure) is 7.3 percent. But among blacks (who voted 93 percent for Obama) it is an unimaginable 13.3 percent. Among Hispanics it’s 9.4 percent. Among black youth it’s 20.9 percent. Among teens it’s 23.7 percent.

The black middle class is being destroyed. Black homeownership has slipped to the lowest level in decades.

But perhaps the worst statistic of all is the unemployment plus under-employment rate for college graduates under age 25: 18.3 percent. That means new college graduates (also big supporters of Obama) not only can’t find a decent full-time job in the Obama economy, at the same time they are saddled with the highest student debt in history. That could be why we have the highest student loan default rates in history.

So what does a President, who couldn’t find a job if it hit him in the head, do to keep the masses of his own voters from revolting and rioting in the streets? Go to war.

Create a distraction. Make people look away from the scene of the tragedy. Create a “situation” that induces patriotism. Make the masses rally around the President. And if that “situation” happens to help unemployment by sending unemployed young people and minorities off to war, BINGO- you’ve just hit the lottery!

That is the answer to the questions “Why Syria? Why now? How does this benefit America?” Obama’s war is a desperate attempt to keep his own most loyal supporters from noticing that his policies have ruined their lives and set their economic progress back decades. His policies have sent black Americans in particular hurtling back to the days of poverty and racial inequality.

Obama is desperate to keep his own voters from noticing he is the worst thing to happen to them in their lifetimes. His socialist policies don’t solve poverty, they cause poverty. And it’s no surprise. Socialism, income redistribution, big taxes, big spending, big unions, and big government have caused poverty in every nation they’ve ever been tried.

Obama, Mao, Stalin, Castro, Chavez. Same people. Same policies, Same results.

They always hurt the masses. They always victimize their own voters. They always hurt the ones they claim to love. A sick, dysfunctional death spiral.

History will not look kindly on Barack Hussein Obama. Trust me, this death spiral has only just begun.

Saturday, August 31, 2013

What To Expect During The Next Stage Of Collapse



August 29, 2013
alt-market.com
By Brandon Smith

For years now at Alt-Market (and Neithercorp.us) I have carefully outlined the most likely path of collapse to take place within the U.S., and a vital part of that analysis included economic destabilization caused by a loss of the dollar's world reserve status and petro-status. I have also always made clear that this fiscal crisis event would not occur in the midst of a political vacuum. The central banks and international financiers that created our ongoing and developing disaster are NOT going to allow the destruction of the American economy, the dollar, or global markets without a cover event designed to hide their culpability. They need something big. Something so big that the average citizen is overwhelmed with fear and confusion. A smoke and mirrors magic trick so raw and soul shattering it leaves the very population of the Earth mesmerized and helpless to understand the root of the nightmare before them. The elites need a fabricated Apocalypse.

Enter Syria...

I have been warning about the Syrian trigger point for a very long time. Syria's mutual defense pact with Iran, its strong ties to Russia, the Russian naval base off its coast, the advanced Russian weaponry in it's arsenal, its proximity to vulnerable oil shipping lanes, all make the nation a perfect catalyst for a global catastrophe. The civil war in Syria is already spreading into neighboring countries like Iraq, Jordan, and Lebanon, and if one looks at the facts objectively, the entire war is a product of covert action on the part of the U.S. and its allies.

The U.S. trained, armed, and funded the insurgency using Al Qaeda operatives. Saudi Arabia has sent funding and arms as well. Israel has aided the rebels using air strikes within Syria's borders (even though this means that the Israeli government is essentially helping their supposed mortal enemies). This war would NOT be taking place today without the express efforts of the West. Period.

If one takes more than a brief examination of the Syrian insurgency, they would find an organization of monsters. Wretched amoral wetwork ghouls whose crimes have been thoroughly documented, including the mass executions of unarmed captured soldiers, the torture and beheading of innocent civilians, the mutilation and cannibalism of dead bodies, and the institution of theological tyranny on a terrified populace. The U.S. created and unleashed these demons, and now, we the people are being asked by the White House to support them through force of arms.

But what is the goal here...?

The goal, I believe, is to utterly transform the world's political, economic, and social systems. The goal is to generate intense fear; fear that can be used as capital to buy, as the globalists call it, a “new world order”. Syria is the first domino in a long chain of calamities; what the Rand Corporation sometimes refers to as a “linchpin”. As I write this, the Obama Administration is moving naval and ground forces into position and clamoring in a painfully pathetic fashion to convince the American public that 90% of us are “wrong” and that a strike on Syria is, in fact, necessary. It appears that the establishment is dead set on starting this chain reaction and accelerating the global collapse. So, if a strike does occur, what can we expect to happen over the next few years? Here is a rundown...

1) Many U.S. allies will refrain from immediate participation in an attack on Syria. Obama will continue unilaterally (or with the continued support of Israel and Saudi Arabia), placing even more focus on the U.S. as the primary cause of the crisis.

2) Obama will attempt to mitigate public outcry by limiting attacks to missile strikes, but these strikes will be highly ineffective compared to previous wars in Iraq and Afghanistan.

3) A no fly zone will be established, but the U.S. navy will seek to stay out of range of high grade Russian missile technology in the hands of Syria, and this will make response time to the Syrian Air Force more difficult. Expect much higher American naval and air force casualties compared to Iraq and Afghanistan.

4) Iran will immediately launch troops and arms in support of Syria. Syria will become a bewildering combat soup of various fighting forces battling on ideological terms, rather than over pure politics and borders. Battles will spread into other countries, covertly and overtly, much like during Vietnam.

5) Israel will probably be the first nation to send official ground troops into Syria (and likely Iran), citing a lack of effectiveness of U.S. airstrikes. American troops will follow soon after.

6) Iran will shut down the Straight of Hormuz sinking multiple freighters in the narrow shipping lane and aiming ocean skimming missiles at any boats trying to clear the wreckage. Oil exports through the straight of Hormuz will stop for months, cutting 20% of the world's oil supply overnight.

7) The Egyptian civil war, now underway but ignored by the mainstream, will explode due to increased anger over U.S. presence in Syria. The Suez Canal will become a dangerous shipping option for oil exporters. Many will opt to travel around the Horn of Africa, adding two weeks to shipping time and increasing the cost of the oil carried.

8) Saudi Arabia will see an uprising of insurgency that has been brewing under the surface for years.

9) Gasoline prices will skyrocket. I am predicting a 75%-100% increase in prices within two-three months of any strike on Syria.

10) Travel will become difficult if not impossible with high gasoline costs. What little of our economy was still thriving on vacation dollars will end. Home purchases will fall even further than before because of the extreme hike in travel expenses required for families to move.

11) Russia will threaten to limit or cut off all natural gas exports to the EU if they attempt to join with the U.S. in aggression against Syria. The EU will comply due to their dependency on Russian energy.

12) Russia will position naval forces in the Mediterranean to place pressure on the U.S. I feel the possibility of Russia initiating direct confrontation with the U.S. is limited, mainly because countries like Russia and China do not need to engage the U.S. through force of arms in order to strike a painful blow.

13) China and Russia will finally announce their decision to drop the dollar completely as the world reserve currency. A process which already began back in 2005, and which global banks have been fully aware of for years.

14) Because of China's position as the number one exporter and importer in the world, many nations will follow suit in dumping the dollar in bilateral trade. The dollar's value will implode. China, Russia, and the war in Syria will be blamed, and global banks including the Federal Reserve will be ignored as the true culprits.

15) The combination of high energy prices and a devaluing dollar will strike retail prices hard. Expect a doubling of prices on all goods. Look for many imported goods to begin disappearing from shelves.

16) Homelessness will expand exponentially as cuts to welfare programs, including food stamps, are made inevitable. However, welfare will not disappear, it will merely be “adjusted” to fit different goals. The homeless themselves will be treated like criminals. The roaming bands of jobless drifters common during the Great Depression will not exist during a modern crisis. State and Federal agencies will pursue an “out of sight, out of mind” policy towards the indigent, forcing them into “aid shelters” or other bureaucratic contraptions designed to conditioning the homeless to accept refugee status, making them totally dependent on federal scraps, but also prisoners on federally designated camps.

17) Terrorist attacks (false flag or otherwise) will spread like wildfire. Israel is highly susceptible. The U.S. may see a string of attacks, including cyber attacks on infrastructure. Syria and it's supporters will be blamed regardless of evidence. The White House will begin broad institution of authoritarian powers, including continuity of government executive orders, the Patriot Act, the NDAA, etc.

18) Martial Law may not even be officially declared, but the streets of America will feel like martial law none the less.

19) False paradigms will flood the mainstream as the establishment seeks to divide American citizens. The conflict will be painted as Muslim against Christian, black against white, poor against rich (but not the super rich elites, of course). Liberty Movement activists will be labeled “traitors” for “undermining government credibility” during a time of crisis. The Neo-Conservatives will place all blame on Barack Obama. Neo-Liberals will blame conservatives as “divisive”. Liberty Movement activists will point out that both sides are puppets of the same international cabal, and be labeled “traitors” again. The establishment will try to coax Americans into turning their rage on each other.

20) The Homeland Security apparatus will be turned completely inward, focusing entirely on “domestic enemies”. The domain of the TSA will be expanded onto highways and city streets. Local police will be fully federalized. Northcom will field soldiers within U.S. border to deal with more resistant quarters of the country. Totalitarianism will become the norm.

What Can We Do Right Now?

The level of collapse, I suspect, will not be total. The government is not going to disappear, rather, it will become more dominant in its posture. Certain sections of the country will be maintained while others fall apart. The IMF will move in to “help” the ailing U.S. economy by tying funding to the SDR (Special Drawing Rights). America's economy will be absorbed by the IMF. Constitutional protections will be fully erased in the name of reestablishing “law and order”, with the promise that the loss of our civil liberties is “only temporary”.

If the U.S. strikes Syria, and refuses to disengage, these things WILL happen. So, the next question is what can we do about it?

1) Given that this crisis is going to be riding a wave of extremely high energy prices, every single Liberty Movement activist (and every American for that matter) should be stockpiling energy reserves. Motor oil, gasoline (with gas saver), diesel fuel, propane, etc. should be at the top of your list right now. A generator should be next. Prices are only going to rise from here on out. Buy reserves now, before it is too late.

2) Everyone in the Liberty Movement should have at least minimal solar power capability. A couple of 100 watt panels, an inverter, a charge controller, and two-four deep cycle batteries can be had for under $1000. You may not be able to run your house on it, but you can at least charge important electronics, run a well pump, run some lights, a security system, etc.

3) The internet as we know it will no longer exist. The White House will apply preexisting executive orders on U.S. communications to restrict internet use, or, a convenient cyber attack will take place, opening the door for federal controls. The web will likely still operate, but only as a shell of its former greatness. Certain sites and email providers will be designated “safe”, while others will be designated “unsafe”. This leaves a gaping hole in our society's ability to communicate information quickly and efficiently, and, it removes the alternative media from the picture. The best solution I can present for this problem is Ham Radio, which is very difficult for the establishment to shut down. Ham Radio communication chains could take the place of the internet as a lower-tech but useful means of spreading information across the country. In the next few months, EVERYONE in the Liberty Movement should have a Ham Radio set, or handheld model, and they should know how to use it.

4) Harden your home during the next few months. Place security bars on windows, and replace weak doors with steel core doors. An internal lock bar will still frustrate entry by those who might blast hinges. Add a fire suppression system for good measure. This might sound like overkill, but if you want to be able to sleep at night during such an event, you must make your home your castle. No one should be able to enter your house without your permission.

5) Learn a useful trade right now. If you don't already know how to produce or fix a necessary item or commodity, take the next six months to learn how. If you don't know how to teach a valuable skill, get to work. Barter and trade will become the primary method of economy during a dollar collapse. Make sure you are sought after within your local economy.

6) Cache items before winter begins. Do not assume you will be able to stay on your homestead indefinitely. There are no guarantees during collapse. A wildfire could reduce your neighborhood to ashes in hours. Your home could be overrun. Make sure you have secondary supplies in a safe location just in case.

7) Find two friends (or more) right now that are willing to coordinate with you in the event that the worst happens. This means mutual aid and defense. This means predetermined arrangements for supplies, communications, meeting spots, and security. Do it now. Do not wait until our situation worsens.

8) Buy six months worth of food over the course of the next two months. Bulk food, freeze dried, MRE's, whatever. Just buy it. Have a lot of food already? I don't care. Buy six more months of supplies now. You'll thank me later.

9) Cultivate nutrient rich soil before winter begins. Buy a truckload of planting soil and manure and create a garden space if you have not already. Purchase extensive seed storage. Compile books on growing methods.

10) Gauge the temperament of your neighborhood. If all of your neighbors are mindless brain eating zombies, then perhaps it would be better to share a home with a prepared family member in another region now. If not, then start a neighborhood watch. Two or three families working together is far stronger than only one, and can change the temperament of an entire block of homes.

11) Train for tactical movement over the next three months. Learn how to move, shoot, and communicate as a team. Learn your strengths and weaknesses today or suffer the consequences tomorrow.

12) Prepare yourself mentally for conflict and self defense. Sign up for at least six months of hand to hand defense training. Learn how to deal with the mental and emotional strain of another person trying to harm you. Get used to the idea, because where we're headed, someone, at some point, will probably want to do you in. Always maintain your conscience and your principles, but never allow yourself to become a victim.

The Tension Is Palpable

As I have said many times before, a fight is coming. There is no way around it. But this fight must be fought intelligently, and we must never forget who the REAL enemy is.

If a revolution ensues and Obama loses control, the establishment could simply trigger a Neo-Con or military coup in order to placate the masses and fool Constitutionalists into believing they have been saved. Useless solutions will be presented to the people, including new leadership composed of more old guard elitists, a disastrous Constitutional Convention, or limited secession (which will never be honored by the establishment anyway). The purpose of these false solutions will be to fool you into relaxing your vigilance, distracting you from seeking justice against globalist organizations, or, to redirect your energies away from self sufficient communities, counties, and states, ready to dispel aggressive establishment elements.

Beware of those who grasp too readily for leadership over you. Real leaders stand as teachers, not oligarchs, and rarely do they take on the role without considerable reservations. Never trust anyone who does not immediately back their promises with tangible action. And, never forget that we fight not just for the removal of one particular tyrant, but for Constitutional liberty itself. One must follow the other, or there has been no victory.

Though it is depressingly difficult to see in times like these, there is indeed good in this world. There are ideals, and aspirations, and visions, and loves worth standing up for, worth fighting for, and worth dying for. There is still a future worth striving for at the end of the long night. There are dreams here, in the hearts of men, worth realizing. We do not necessarily battle for what humanity is, but for what we have the potential to become. The tides of society may shift and storm, the chaos may become unbearable, and the world may tear apart until it is unrecognizable. The agents of dominion believe they are the only constant, but there is another. In time, the dim pale of tyranny will always break in the light of freedom's resolute. Get ready, honorable Liberty Movement, our work has just begun.

Thursday, August 29, 2013

Freedom vs Servitude

 servitude

August 27, 2013
lewrockwell.com
By Paul Rosenberg

Some years ago I found myself at dinner with a small group of people. We had a pleasant time, but soon enough, someone brought up my “weird” opinions. I explained that I was an advocate for freedom and opposed restrictions on it.

A spirited debate followed, of course, and at one point I said something about disliking servitude. In response, one of the people at the table – a medical professional – asked:

“What’s so bad about servitude?”

At first I was shocked, because I had never heard anyone say such a thing. I’m an American boy, after all, and I grew up surrounded by at least an implied demand for freedom.

But once past that, I realized I didn’t have an answer to the question. I had always taken it as a given that servitude was bad – not only from what I had heard and read, but from what I knew in my bones. I dug within myself for a serious response to the question, but I came up dry. I had no answer to give.

I continued the conversation as best I could, and perhaps I did some small amount of good. But, as I drove home, I realized that I had a problem. This man asked a simple and essential question, and I didn’t have an answer to it.

The Answer That Should Have Worked, But Didn’t

Needless to say, I did eventually come up with an obvious answer: Being in servitude means that other people control your life, and they can lead you into disaster at any time, purposefully or not.

I saw the man again not too long afterwards and brought up our initial conversation. I gave him my answer to that first question. His response?

“I’m doing okay.”

In other words, he didn’t care. Now that really bothered me.

By all outward appearances, he was in control and successful. But, aside from work-related activities, he avoided almost every subject I brought up. He didn’t want to explore any new thought, had no measurable curiosity, and was threatened by the very idea of freedom.

Why?

The answer, it turned out, was a simple one: This man liked the idea of other people running his life for him. That way, nothing would ever be his fault, and if things went badly, there would always be someone to blame. Read More

Sunday, August 25, 2013

The Confidential Memo at the Heart of the Global Financial Crisis

 


gregpalast.com

When a little birdie dropped the End Game memo through my window, its content was so explosive, so sick and plain evil, I just couldn't believe it.

The Memo confirmed every conspiracy freak’s fantasy: that in the late 1990s, the top US Treasury officials secretly conspired with a small cabal of banker big-shots to rip apart financial regulation across the planet. When you see 26.3 percent unemployment in Spain, desperation and hunger in Greece, riots in Indonesia and Detroit in bankruptcy, go back to this End Game memo, the genesis of the blood and tears.

The Treasury official playing the bankers’ secret End Game was Larry Summers. Today, Summers is Barack Obama’s leading choice for Chairman of the US Federal Reserve, the world’s central bank. If the confidential memo is authentic, then Summers shouldn’t be serving on the Fed, he should be serving hard time in some dungeon reserved for the criminally insane of the finance world.

The memo is authentic.

I had to fly to Geneva to get confirmation and wangle a meeting with the Secretary General of the World Trade Organisation, Pascal Lamy. Lamy, the Generalissimo of Globalisation, told me,

“The WTO was not created as some dark cabal of multinationals secretly cooking plots against the people... We don’t have cigar-smoking, rich, crazy bankers negotiating.”

Then I showed him the memo.

It begins with Larry Summers’ flunky, Timothy Geithner, reminding his boss to call the Bank bigshots to order their lobbyist armies to march:

“As we enter the end-game of the WTO financial services negotiations, I believe it would be a good idea for you to touch base with the CEOs…”

To avoid Summers having to call his office to get the phone numbers (which, under US law, would have to appear on public logs), Geithner listed the private lines of what were then the five most powerful CEOs on the planet. And here they are:

Goldman Sachs: John Corzine (212)902-8281

Merrill Lynch: David Kamanski (212)449-6868

Bank of America: David Coulter (415)622-2255

Citibank: John Reed (212)559-2732

Chase Manhattan: Walter Shipley (212)270-1380

Lamy was right: They don’t smoke cigars. Go ahead and dial them. I did, and sure enough, got a cheery personal hello from Reed – cheery until I revealed I wasn't Larry Summers. (Note: The other numbers were swiftly disconnected. And Corzine can’t be reached while he faces criminal charges.)

It's not the little cabal of confabs held by Summers and the banksters that’s so troubling. The horror is in the purpose of the "end game” itself.

Let me explain:

The year was 1997. US Treasury Secretary Robert Rubin was pushing hard to de-regulate banks. That required, first, repeal of the Glass-Steagall Act to dismantle the barrier between commercial banks and investment banks. It was like replacing bank vaults with roulette wheels.

Second, the banks wanted the right to play a new high-risk game: “derivatives trading”. JP Morgan alone would soon carry $88 trillion of these pseudo-securities on its books as “assets”.

Deputy Treasury Secretary Summers (soon to replace Rubin as Secretary) body-blocked any attempt to control derivatives.

But what was the use of turning US banks into derivatives casinos if money would flee to nations with safer banking laws?

The answer conceived by the Big Bank Five: eliminate controls on banks in every nation on the planet -- in one single move. It was as brilliant as it was insanely dangerous.

How could they pull off this mad caper? The bankers' and Summers' game was to use the Financial Services Agreement (or FSA), an abstruse and benign addendum to the international trade agreements policed by the World Trade Organisation.

Until the bankers began their play, the WTO agreements dealt simply with trade in goods – that is, my cars for your bananas. The new rules devised by Summers and the banks would force all nations to accept trade in "bads" – toxic assets like financial derivatives.

Until the bankers’ re-draft of the FSA, each nation controlled and chartered the banks within their own borders. The new rules of the game would force every nation to open their markets to Citibank, JP Morgan and their derivatives “products”.

And all 156 nations in the WTO would have to smash down their own Glass-Steagall divisions between commercial savings banks and the investment banks that gamble with derivatives.

The job of turning the FSA into the bankers’ battering ram was given to Geithner, who was named Ambassador to the World Trade Organisation.


Bankers Go Bananas

Why in the world would any nation agree to let its banking system be boarded and seized by financial pirates like JP Morgan?

The answer, in the case of Ecuador, was bananas. Ecuador was truly a banana republic. The yellow fruit was that nation’s life-and-death source of hard currency. If it refused to sign the new FSA, Ecuador could feed its bananas to the monkeys and go back into bankruptcy. Ecuador signed.

And so on – with every single nation bullied into signing.

Every nation but one, I should say. Brazil’s new President, Inacio Lula da Silva, refused. In retaliation, Brazil was threatened with a virtual embargo of its products by the European Union's Trade Commissioner, one Peter Mandelson, according to another confidential memo I got my hands on. But Lula’s refusenik stance paid off for Brazil which, alone among Western nations, survived and thrived during the 2007-9 bank crisis.

China signed – but got its pound of flesh in return. It opened its banking sector a crack in return for access and control of the US auto parts and other markets. (Swiftly, two million US jobs shifted to China.)

The new FSA pulled the lid off the Pandora’s box of worldwide derivatives trade. Among the notorious transactions legalised: Goldman Sachs (where Treasury Secretary Rubin had been co-chairman) worked a secret euro-derivatives swap with Greece which, ultimately, destroyed that nation. Ecuador, its own banking sector de-regulated and demolished, exploded into riots. Argentina had to sell off its oil companies (to the Spanish) and water systems (to Enron) while its teachers hunted for food in garbage cans. Then, Bankers Gone Wild in the Eurozone dove head-first into derivatives pools without knowing how to swim – and the continent is now being sold off in tiny, cheap pieces to Germany.

Of course, it was not just threats that sold the FSA, but temptation as well. After all, every evil starts with one bite of an apple offered by a snake. The apple: the gleaming piles of lucre hidden in the FSA for local elites. The snake was named Larry.

Does all this evil and pain flow from a single memo? Of course not: the evil was The Game itself, as played by the banker clique. The memo only revealed their game-plan for checkmate.

And the memo reveals a lot about Summers and Obama.

While billions of sorry souls are still hurting from worldwide banker-made disaster, Rubin and Summers didn’t do too badly. Rubin’s deregulation of banks had permitted the creation of a financial monstrosity called “Citigroup”. Within weeks of leaving office, Rubin was named director, then Chairman of Citigroup – which went bankrupt while managing to pay Rubin a total of $126 million.

Then Rubin took on another post: as key campaign benefactor to a young State Senator, Barack Obama. Only days after his election as President, Obama, at Rubin’s insistence, gave Summers the odd post of US “Economics Tsar” and made Geithner his Tsarina (that is, Secretary of Treasury). In 2010, Summers gave up his royalist robes to return to “consulting” for Citibank and other creatures of bank deregulation whose payments have raised Summers’ net worth by $31 million since the “end-game” memo.

That Obama would, at Robert Rubin’s demand, now choose Summers to run the Federal Reserve Board means that, unfortunately, we are far from the end of the game.

Special thanks to expert Mary Bottari of Bankster USA www.BanksterUSA.org without whom our investigation could not have begun.

The film of my meeting with WTO chief Lamy was originally created for Ring of Fire, hosted by Mike Papantonio and Robert F. Kennedy Jr.

Further discussion of the documents I laid before Lamy can be found in “The Generalissimo of Globalization,” Chapter 12 of Vultures’ Picnic by Greg Palast (Constable Robinson 2012).

Saturday, August 24, 2013

The Pentagon Is Preparing A Cruise Missile Attack Against Syria



August 23, 2013
zerohedge.com

Earlier today, in "US Refines "Military Options" Ahead Of Syrian Strikes", we reported on what we thought was now inevitable especially since it was in agreemenet with what we predicted with absolute certainty over a month ago in "US Prepares For "Kinetic Strikes" Against Syria."  There we said: "The pre-story here is well-known to most: in a repeat fabulation of the Iraq "WMD" lie, the US and the entire developed world "found" Syria to have crossed a red-line when it used chemical weapons, despite subsequent reports that it was the Syrian rebels, aka Qatari mercenaries, who were the party responsible for chemical weapon use. No matter though: the public media campaign was hatched, and merely waited for the catalyst. That catalyst may be imminent..."
Sure enough, a month later the convenient catalyst emerged when this Wedensday, despite the entire world watching Assad (and as Iraq WMD inspector Rolf Ekeus stating the obvious in  "It would be very peculiar if it was the government to do this at the exact moment the international inspectors come into the country"), we are meant to believe that the Syrian leader launched the biggest nerve gas attack in the history of the Qatari, Al-Qaeda and CIA-funded and organized Syrian rebellion. Two days later, without any actual investigation, the west determined somehow, on its own, that the attack was launched by Assad, not a false flag attack by the rebels even though it was their chemical weapons depot that had been previously uncovered. Visions of Colin Powell lying to the world (with his former aide admitting years later the WMD speech was the "lowest point in my life") should now be emerging right before your eyes.
Moments ago the inevitable denouement arrived when as CBS' David Martin reports, the US is preparing for a cruise missile launch against Syria, and is further ordering warships closer to Syria to be prepared and ready for when the trigger is pulled.
More from CBS:
CBS News has learned that the Pentagon is making the initial preparations for a cruise missile attack on Syrian government forces. We say "initial preparations" because such an attack won't happen until the president gives the green light. And it was clear during an interview on CNN Friday that he is not there yet.

"If the U.S. goes in and attacks another country, without a U.N. mandate and without clear evidence that can be presented," the president told CNN, "then there are questions in terms of whether international law supports it -- 'do we have the coalition to make it work?' Those are considerations that we have to take into account."

Launching cruise missiles from the sea would not risk any American lives. It would be a punitive strike designed not to topple Syrian dictator Bashir Assad but to convince him he cannot get away with using chemical weapons.

Watch a report on Syrian activists gathering evidence to prove chemical attack:

Joint Chiefs Chairman Gen. Martin Dempsey is expected to present options for a strike at a White House meeting on Saturday.

Potential targets include command bunkers and launchers used to fire chemical weapons.

However, officials stress President Obama, who until now has steadfastly resisted calls for military intervention, has not made a decision.

CBS News has learned that the Pentagon is making the initial preparations for a cruise missile attack on Syrian government forces. We say "initial preparations" because such an attack won't happen until the president gives the green light. And it was clear during an interview on CNN Friday that he is not there yet.

"If the U.S. goes in and attacks another country, without a U.N. mandate and without clear evidence that can be presented," the president told CNN, "then there are questions in terms of whether international law supports it -- 'do we have the coalition to make it work?' Those are considerations that we have to take into account."

Launching cruise missiles from the sea would not risk any American lives. It would be a punitive strike designed not to topple Syrian dictator Bashir Assad but to convince him he cannot get away with using chemical weapons.

Watch a report on Syrian activists gathering evidence to prove chemical attack:

Joint Chiefs Chairman Gen. Martin Dempsey is expected to present options for a strike at a White House meeting on Saturday.

Potential targets include command bunkers and launchers used to fire chemical weapons.

However, officials stress President Obama, who until now has steadfastly resisted calls for military intervention, has not made a decision.
None of this should come as a surprise to our readers. We explained in detail why not the US state department, not the Pentagon, not even the president or the US MIC is seeking this war. No: the culprit is none other than the Federal Reserve and it banking industry superiors. To wit:
The chart below will likely come as a surprise to most. It shows total nominal US defense spending, more importantly it shows that such spending has been rapidly declining since 2010. And while on the surface it is great news the US is becoming more "pacifist" (apparently mass killings using drones are relatively cost-effective) and the result for the US is even better as it means lower deficits, there is one person who is very unhappy with this outcome - Ben Bernanke.



Why is Ben unhappy? Simple - as a reminder, the only reason Ben is even contemplating tapering has nothing to do with the economy. After all the Fed chairman (and/or his successor) is willing to send the stock market into stratospheric overdrive and would be very happy to add not subtract from the monthly QE $85 billion notional since it means more "wealth effect" and thus brings the US closer to the "Keynesian successful endgame" (that the logic here is completely inverted is well known to all but the most die-hard Keynesian fanboys and is not in the scope of this article).

However, the fact that the gross US debt issuance is declining (if only until the demographic and healthcare crunch hits in 2015 and deficits explode once more) means Bernanke has less primary issuance to monetize. Were Bernanke to maintain his monetization run rate into a lower deficit regime, the Chairman would destabilize the liquidity in the already increasingly illiquid Treasury market in which the Fed now holds over 30% of all 10 Year equivalents and its holdings increase by 0.3% every week.

This illiquidity is manifesting itself most directly in the "special" repo rates that have become a norm in the past few months especially in the 10 Year, and which indicate an ongoing shortage of TSY collateral.

Of course, there is a very simple and elegant solution to declining defense spending, one which has been used time and again in US history when the US government needed to provide the Fed with more securities (i.e. deficit) to monetize: war.
And speaking of war:
The ultimate decision will come not from Congress but from the Fed.

So what may have spooked Bernanke and the sudden reappearance of the Syrian war as a real and credible possibility?

Why, the economy of course. Only not its "improvement" but its recent (and ongoing) deterioration.

And since the taper is largely priced in, Bernanke is already contemplating how to reengage in the subsequent untapering should all hell break loose following a September tapering announcement prompting the Fed to reengage once more. However, for that to happen, US deficits would need to flow as before, as only then will there be the much needed copious primary issuance of debt that the Fed will need in order to resume monetizing at a fervent pace without impairing the liquidity characteristics of the bond market.

As for the downside? What are some irrelevant Syrian lives in the grand scheme of things, when the status quo's wealth must be preserved at all costs. Costs including the death of thousands of innocent civilian Syrians and/or other nationalities should the conflict just happen to spill outside the Syrian borders.
So there you have it: in order to make way for the inevitable Untaper, Bernanke has launched in motion a chain of events that will ultimately culminate with a surge in US deficit spending, which will require a surge in Treasury issuance, and thus, a surge in Fed monetization, which also means reserve creation, and as has been made all too clear over the past 5 years, yet another surge in the stock market.
Of course, the use of war as a culmination point to end a depression is nothing new. Just look at the first Great Depression.
And just like then, the only cost to perpetuate the myth of the Keynesian and monetarist religion and the pillaged wealth of the 0.01% status quo elite, will be a few hundred thousand innocent men, women and children. Or, as they are known in the Beltway, collateral damage.
That is, unless, Putin decides to retaliate. Then history will truly rhyme, when just as the first great US depression was followed promptly by a world war, so the second great US depression will have an identical outcome.
* * *
Finally, for those curious, this is the current layout of US naval assets around the world courtesy of Stratfor.