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Archive for January 17th, 2013


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Firstly, America is now a hugely aggressive, and very expensive, military empire. The latest news is that American troops are going into thirty five African nations to create mayhem and assassinate civilians; the USA has a seeming determination to precipitate a Sino-Japanese war; and, in any case, with its foreign policy controlled by Zionism and heavily influenced by the Christian Zionists, it is doing its best to engineer some form of major war in the Middle East.”

An idea is going the rounds that the American Treasury should mint a new coin. Not any old coin, but a $1,000,000,000,000 platinum one. If the zeros are right, that’s one trillion dollars. And, as long as there is room for some suitable words, it need not be very big either, only the size of an existing coin.

The trillion-dollar coin would be deposited with the Federal Reserve and so improve the government’s account thereby enabling it to borrow another one trillion dollars and avoid the ‘fiscal cliff’ or debt limit. In this cunning way, the official legal debt limit would have been evaded.

Why one trillion? Well it’s a nice number, not too small and not so big that you cannot get it into one sentence. Moreover, and please do not laugh, there are those who say it could be two trillion and, as the situation is, it might well come to be.

Of course there are rotten spoilsports like the USA Treasury and the Federal Reserve who are saying that they will have nothing to do with a ridiculous idea. Which is brave talk because there is now the possibility that the one trillion platinum coin may be thrust upon them whether they like it or not. This is because the coin would temporarily alleviate the USA budget situation by allowing the government to carry on its present pattern of spending without for example, slashing welfare benefits or sharply raising taxes.

But only temporarily. The permanent underlying problems are not being addressed by the Democrats, the Republicans, the Treasury, the Federal Reserve or academics.

Firstly, America is now a hugely aggressive, and very expensive, military empire. The latest news is that American troops are going into thirty five African nations to create mayhem and assassinate civilians; the USA has a seeming determination to precipitate a Sino-Japanese war; and, in any case, with its foreign policy controlled by Zionism and heavily influenced by the Christian Zionists, it is doing its best to engineer some form of major war in the Middle East.

The USA also has somewhere around nine hundred military bases around the world and, if all its military expenditure were to be openly admitted, instead of disguised in obfuscating accounts, it would probably be somewhere towards half of the world’s total.

Secondly, gripped by elitist financial fascists and the military-industrial complex intent on enriching themselves at the expense of the middle classes, the USA has permanently exported the jobs of 56,000 commercial enterprises. The spending of each worker supports another four jobs so that, in all, thirty two million jobs have been lost for ever.

The trillion dollar platinum coin, therefore, not only increases the (already un-repayable) American national debt but does not address the profound structural problems. So its minting seems unlikely.

But watch this space. If the American politicians refuse to allow the debt limit to be raised and do not address the structural problems, the platinum coin may yet be minted, no matter how ‘ridiculous’ that is thought to be by the Treasury and Federal Reserve.

Does gold have anything to do with this?

Unfortunately, yes. The USA, UK and Japan are engaging in competitive devaluation which means they are printing money to try to lower the price of their exports and to stimulate their domestic economies. At some point, it may be sooner or later, although housewives and others are already sharply aware of rising prices, there will be big inflation.

On top of which many nations are no longer trading in US dollars but are preferring to make regional groupings using their local currencies or bartering. In short, the USA dollar is looking increasingly weak.

This matter is much more serious than it seems because many people believe that the gold alleged to be held in the Federal Reserve has already been pledged or lent so many times already that, even if it exists, any one piece of gold has several competing claims on it.

As a result big question marks exist over the actual existence of the USA’s gold, AND whether the gold of other countries, kept by the USA, really does exist, AND even whether such gold as the USA holds, really is gold or a lot of gold-coated tungsten bars.

Not surprisingly, therefore, possibly following Venezuela’s example or even the advice of financial journalist Max Keiser who, four years ago, memorably exhorted the German people to look after their gold, Germany’s central bank is planning to repatriate its gold from the USA Federal Reserve and elsewhere, including the UK. Germany, moreover, allegedly the trusting friend of France, is also repatriating its gold from Paris.

Other countries can be expected to follow the lead of Germany and, for that matter, of Venezuela.

In the UK, the Queen has been visiting the bank of England’s gold vaults in the endeavour to create the impression that all is well. The Federal Reserve is trying the same trick.

But, however you look at it, all is not well not least because any gold in the Federal Reserve or the Bank of England, if not already pledged, could be pledged without the true owner knowing anything about it. In fact, the gold could simply be expropriated. As they say, possession is nine tenths of the law.

Not surprisingly, countries such as China believing, where countries are concerned, that a piece of gold in hand is worth two in the bush, are known to be building up huge gold reserves.

So the news about platinum and gold is telling us something. Although the platinum coin is really about egregious money printing and gold is about something which is substantially the opposite, both relate to an American economy and its politics which no longer serve the interests of its people let alone the rest of the world.

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French Mirage 2000 D aircraft flying to N’Djamena overnight (AP Photo/ R.Nicolas-Nelson, Ecpad)

January 15, 2013

The French military intervention into Mali on Friday — France’s second in as many years into a former African colony — was reportedly “seconded” by the United States.  This ought to come as no great surprise, given the Pentagon’s deepening penetration into Africa.

According to the U.S. Africa Command (AFRICOM), the Pentagon plans on deploying soldiers to 35 different African countries in 2013.  As NPR reports, upwards of 4,000 U.S. soldiers will “take part in military exercises and train African troops on everything from logistics and marksmanship to medical care.”  (The Malian army officer responsible for the country’s March coup just so happened to have received U.S. military training.)

Of course, the U.S. military already has a significant on-the-ground presence in Africa.  For instance, the “busiest Predator drone base outside of the Afghan war zone” — with 16 drone flights a day — is located at Camp Lemonnier in Djibouti.

But as the Army Times notes, “the region in many ways remains the Army’s last frontier.”  And in order to satiate the U.S. appetite for global “power projection,” no frontiers are to be left unconquered.

MORE HERE

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17 Jan 2013 Today, we read that a Newtown fourth-grade girl asked to ‘ban semiautomatic weapons and large-capacity magazines.’ Wow. This is one erudite eight- or nine-year-old! See: Newtown Schools Chief Tells Washington Hearing About Fateful Day 16 Jan 2013 Newtown schools Superintendent Janet Robinson on Wednesday told U.S. House Democratic leaders about the horrors of the Dec. 14 shooting and ended by sharing a fourth-grader’s letter to House Democratic Leader Nancy Pelosi asking for a change in gun laws. “What everyone in Newtown wants is for you to ban semiautomatic weapons and large-capacity magazines and to make everyone use guns safely,” Robinson said, reading from the letter. “This is important so that a person cannot shoot many people at once, and/or injure people badly. Semiautomatic weapons and large-capacity magazines put lives at risk.” The Newtown fourth-grade girl asked that people opposed to gun control visit the town’s municipal offices, which are lined with boxes full of cards and letters, and to read one card from every box to realize just how many people want a change in gun laws. [Yes, she asked for people to visit the ‘town’s municipal offices.’ Now, how many *fourth-graders* do you know who pontificate about ‘large-capacity magazines’ and ‘municipal offices?’ This is obvious FAKERY.]

by Lori Price, www.legitgov.org

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Here’s a warm up for you GOYS and girls:

“America, This is How Your Tax Dollars are Used” to support and prop up that noxious STATE OF HATE, APARTHEID ISRAEL. View the videos and then ask yourself why isn’t this hate shown on CNN or FAUX?

Anti-African KKKhanukah Rally #2

MORE HERE

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Ben Bernanke and the rest of the US Federal Reserve bet the farm that they could engage in countless monetary interventions, keep interest rates at zero, and print over $2 trillion in new money without damaging the US’s credibility.

They were wrong. Indeed, Germany just fired a major warning shot to the US Federal Reserve.

On Monday, Germany announced that it will be moving a significant portion of its Gold reserves out of storage with the New York Fed and moving them back to Germany.

A few background details.

  • Germany has the second largest Gold reserves in the world behind the US.
  • Since the early ’80s, Germany has stored the largest portion of its Gold reserves with the New York Fed (45% vs. 13% in London, 11% in Paris and the remaining 31% in Frankfurt).
  • In the fall of last year, German officials began raising the issue of auditing its reserves at the NY Fed.

Why would Germany suddenly decide that it wants to change a policy it has had in place for over 30 years?

More importantly, how did it go from wanting to audit its reserves to actually removing them from the NY Fed’s care?

In simple terms, Germany has just announced that it doesn’t trust the US Fed.

The world’s Central Banks have been staging a global currency way for several years now. Germany, China, Japan, and the US all want to keep their currencies weak to improve exports and minimize their debt loads.

In the case of Germany, it’s the second largest exporter of goods in the world behind China. More than anyone in the EU, Germany wants a weak Euro. However, every time the Fed announces a new policy, the US Dollar falls, the Euro rallies and German exports fall off a cliff.

Germany is now openly telling the Fed that it is done playing around. This will have severe consequences in the financial system.

Remember, the only thing holding the financial system together is belief in the Central Banks. If the Central Banks (it was Germany’s Bundesbank that is behind the Gold move) stop trusting one another or grow openly antagonistic, then things will get very bad very quickly.

For months now we’ve been asserting that the “improvements” in the global economy and financial system were a mirage. Germany’s move has confirmed this. If the financial system was in fact safe and the global economy was improving, Germany would not feel the need to repatriate its Gold.

Which begs the question, what exactly do German Central Bankers know that we don’t?

SOURCE LINK

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‘British taxpayers are set to pay $800m (£500m) in fines as a result of Royal Bank of Scotland traders’ involvement in the Libor interest rate fixing scandal – with nearly all of the money going to the United States.

American watchdogs are set to hit RBS with as much as four-fifths of the total penalty as it becomes the third bank to settle over its traders’ role in the scandal.

The remaining £100m will come from the Financial Services Authority (FSA), which will eventually be returned to UK Government coffers. But people close to the talks told The Independent the figure hadn’t been finalised on the American side and could still go higher.’

Read more: UK Taxpayers Face £500 Million Bill for RBS Libor Fraud

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