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In this episode we are going to make the case that our upside-down political conspiracy governing system is masquerading as legitimate, while branding the legitimate minority as conspiracy theorists: A system where real criminals are protected and rewarded: From players of mega financial institutions to those corrupt thieves occupying the seats of Congress; A system in which the real thieves are legitimized and rewarded monetarily and the robbed citizenry is left to bleed. And we’ll showcase a system where the worst President in history (that is, when it comes to wars of aggression, butchering liberties at home, murdering and assassinating people abroad, and prosecuting and jailing truth-tellers) is rewarded handsomely with prizes.

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The chart below would appear to be in conflict with the results of a recent Gallup poll regarding stock ownership by Americans. The ratio of household equities to money market fund assets is near a record high, 60% above the 2007 high and 30% above the 1999 internet bubble high. The chart would appear to prove irrational exuberance among the general populace.

In reality, the lowest percentage of Americans currently own stock over the last two decades. With the stock market within spitting distance of all-time highs, only 52% of Americans own stock, down from 65% in 2007. As the stock market has gone up, average Americans have left the market. They realize it is a rigged game and they are nothing but muppets to the Wall Street shysters.

InvestInStocks1

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The banks have been allowed to investigate themselves,” one source familiar with the investigation told Reuters. “The investigated decide what they want to investigate, what they admit to, and how much they will pay.

Wall Street has manipulated virtually every other market as well – both in the financial sector and the real economy – and broken virtually every law on the books.

And they will keep on doing so until the Department of Justice grows a pair.

The criminality and blatant manipulation will grow and spread and metastasize – taking over and killing off more and more of the economy – until Wall Street executives are finally thrown in jail.

It’s that simple …

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‘Serious allegations that multibillion-dollar frauds have contributed to the ongoing debt financial crisis in Puerto Rico have triggered an uprising of pro-independence groups on the island, including the Boricua Popular/People’s Army and Los Macheteros group.

A 23-page legislative report, released by the government of Puerto Rico, outlines how government officials conspired with Wall Street firms to commit $11 billion in financial fraud. According to the report, Puerto Rico Electric Power Authority paid previous bondholders with capital received from new investors, otherwise known as a classic Ponzi scheme.’

Read more: How Wall Street’s Greedy Plans to Fleece Puerto Rico Are Fueling the Island’s Independence Movement

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‘When the P5+1 Nuclear Talks were completed, and the Joint Comprehensive Plan of Action (JCPOA) was put into practice, jubilant words resounded from many places. The “reformist movement” within Iranian politics used the nuclear deal as a campaign issue and swept up victories in the recent parliamentary elections. Meanwhile, the Republican Party writhed with the anger of defeat, inviting Netanyahu to address Congress against Obama’s wishes, and screaming doomsday predictions about a “nuclear-armed Iran” after the deal was signed.

The expectation of all parties involved, and the many voices supporting the negotiation process, was that after the deal was signed, the United States and the Islamic Republic of Iran would become much friendlier. The nuclear deal was expected to open a new chapter of diplomacy, resolving the decades of intense hostility.’

Read more: After Nuclear Deal Wall Street Still Wants Iranian Blood

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The elites have been at war with America all my life. I can remember in high school reading a Foundation study saying we needed to cut world population to a billion or so people. There have been hundreds of studies since which also concluded billions of people like you and me should stop breathing.I think I am justified to conclude that anyone who wants to kill 6 billion people  has declared war against us.

I have decided to write this essay based on an article by Brandon Smith which appeared at Zero Hedge. It included a talk given by Max Boot on insurgencies. It seems the rich and powerful are worried that the 5 or 6 billion who are supposed to die to benefit the Uber Rich might object to decisions made concerning their early demise.

Smith specifically mentioned the US Army exercise Jade Helm which is using resources from the FBI and the DEA. This is clearly not an exercise designed to train US troops for battle in Iraq or Iran. He thinks the billionaires are preparing to defend their position because they know we are near an economic collapse.

I have said that the Mossad has put forward two publicity campaigns to explain to American Christians that an economic collapse in September of 2015 and even a war were the Will of God and not caused either by the gross criminality of Bankers or by Israeli Warhawks.

China has decided to apply to the IMF to add the yuan to the SDR basket of currencies. America depends on its ability to print the world’s reserve currency to feed itself. Wall Street has stolen everything so when we lose our reserve currency status 80% of Americans will be reduced to abject poverty. That is unless we reform the system.

There is so much corruption in our government that Bankers have been allowed to steal money by the tens of trillions of dollars and yet not one man from Wall Street has seen the inside of a jail. But then the Chinese are doing the same. The wealthy of China created nearly a trillion a year in false invoices to get money out of the country. They do have $4 trillion in British banks in the Caribbean. Asia Times magazine says the Banks launder at least $200 billion a year in bribes for Chinese officials.

My previous essay explored that relationship between the elite in America and China. I concluded that a threatened Thermonuclear involving the US, China and Russia could be used to keep the exploited citizens of those nations in line after their economies collapse more devastatingly than during the Great Depression.

Max Boot is an adviser to the Defense Department on insurgencies. His advice is well heeded by the elite. They need to control the flow of information to prevent Americans from resisting. Boot thinks American won the Revolutionary war because British public opinion turned against the war and its costs. Americans did make more money than did British workmen. But he thinks that the British could have won if they had waged war like the Romans did against Spartacus. Crucify a few thousand rebels. Only a minority of the colonials supported the revolt anyway.

Max Boot does not understand America. He was born in Moscow. He was raised in Los Angeles in a Jewish family and attended America’s best universities. But he actually thinks crucifying Americans could work. American Christians would seriously object to crucifixion. If he tried that today, he would not be able to count the number of bullets in the bodies of the men who followed his orders. American cops fired 137 bullets into the bodies of one unarmed couple in a car.

Boot thinks torturing resistance leaders is fine as long as the general public does not get wind of it. He likes the British Malay model. Put the people in concentration camps and cut off their contact with the rebels.

He can monitor us 24/7 with NSA snooping. But that is only good in the initial stages. It intimidates the timid. It also identifies the opposition. The government knows who does not like them. During the Bush administration, they compiled a list of 8 million people to be ‘Disappeared’ in case of national emergency. There are by now probably many more than that on their ‘To Be Disappeared List’. The problem is that Wall Street’s Minions in DC cannot go into full combat mode against 8 to 10 million people. If they want to ‘Disappear’ 10 million Americans, 20 or 30 million will think they are coming for them because there is no way to know you are not on the ‘Kill list.’ Millions of Americans will grab their guns and shoot the men seeking to do them harm. On Day 2 they will seek vengeance against those who gave the orders. The Resistance will probably cut all electricity going into Washington DC before Day 3 is over. It will not be a pretty sight.

Boot said they should use Special Forces to target specific men in the armed rebellion as the British did in Malay in the 1950s. The US has 25,000 Special Ops soldier. One problem is that even if he can get 50,000 soldiers to go out and grab 10,000 Americans a day, how many days would it take to grab 10 million people? And how many men would come back alive after Day One and then Day Two and Three.

Another problem is that Boot currently has no armed rebellion so what will he do? He could blow something up like the Israelis and the US government did on 911 at the World Trade Center and at the Pentagon. But people are already having trouble believing the lies they are told.

Boot also said the British succeeded by making promises of independence and reform to the people of Malay. That definitely can’t happen here. The Bankers control the government and stole money from us by the tens of trillions. They will not voluntarily go to jail and surrender the tens of trillions of dollars they stole from us. Nor will they surrender the right to charge us interest on the money they created out of nothing. And they cannot stop their attacks against the Bill of Rights.

Max Boot, Wall Street and Israel can never offer reform.

More: https://vidrebel.wordpress.com/2015/05/11/the-elite-declared-war-against-us-they-expect-resistance/

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FOUR HORSEMEN is an award winning independent feature documentary which lifts the lid on how the world really works.

As we will never return to ‘business as usual’ 23 international thinkers, government advisors and Wall Street money-men break their silence and explain how to establish a moral and just society.

FOUR HORSEMEN is free from mainstream media propaganda — the film doesn’t bash bankers, criticise politicians or get involved in conspiracy theories. It ignites the debate about how to usher a new economic paradigm into the world which would dramatically improve the quality of life for billions.

“It’s Inside Job with bells on, and a frequently compelling thesis thanks to Ashcroft’s crack team of talking heads — economists, whistleblowers and Noam Chomsky, all talking with candour and clarity.” – Total Film

“Four Horsemen is a breathtakingly composed jeremiad against the folly of Neo-classical economics and the threats it represents to all we should hold dear.”
– Harold Crooks, The Corporation (Co-Director) Surviving Progress (Co-Director/Co-Writer)

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Courtesy of the Cronybus(sic) last minute passage, government was provided a quid-pro-quo $1.1 trillion spending allowance with Wall Street’s blessing in exchange for assuring banks that taxpayers would be on the hook for yet another bailout, as a result of the swaps push-out provision, after incorporating explicit Citigroup language that allows financial institutions to trade certain financial derivatives from subsidiaries that are insured by the Federal Deposit Insurance Corp, explicitly putting taxpayers on the hook for losses caused by these contracts. Recall:

Five years after the Wall Street coup of 2008, it appears the U.S. House of Representatives is as bought and paid for as ever. We heard about the Citigroup crafted legislation currently being pushed through Congress back in May when Mother Jones reported on it. Fortunately, they included the following image in their article:

 

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Unsurprisingly, the main backer of the bill is notorious Wall Street lackey Jim Himes (D-Conn.), a former Goldman Sachs employee who has discovered lobbyist payoffs can be just as lucrative as a career in financial services.

We say explicitly, of course, because taxpayers have always been on the hook implicitly for the next Wall Street meltdown.

Why?

Exhibit A: US banks are the proud owners of $303 trillion in derivatives (and spare us the whole “but.. but… net exposure” cluelessness – read here why that is absolutely irrelevant when even one counterpaty fails):

 

Exhibit B: Here are the four banks that are in complete control of the US “republic.”

At least we now know with certainty that to a clear majority in Congress – one consisting of republicans and democrats – the future viability of Wall Street is far more important than the well-being of their constituents. Which also, implicitly, was made clear when Hank Paulson was waving a three-page “blank check” term sheet, and when Congress voted through the biggest bailout of banks in US history back in 2008.

The only question is when the next multi-trillion (or perhaps quadrillion now that all global central banks are all in?) bailout takes place.

Source: OCC

http://www.zerohedge.com/news/2014-12-12/presenting-303-trillion-derivatives-us-taxpayers-are-now-hook

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Wall Street has been bracing for a billion-dollar currency manipulation investigation that will be over in a few weeks, says The Wall Street Journal.

In the past few weeks, it seems banks have been scrambling to prepare for whatever regulators on both sides of the pond may find after a fairly boring earnings season. Performance was average to slightly below, and the total trading rout banks expected didn’t turn out to be that bad.

But then the disclosures started coming.

First Citigroup revised its earnings down to $0.88 per share from $1.07 per share to add $600 million to its legal reserves.

Then JPMorgan Chase also disclosed that US and UK regulators were conducting criminal (the Department of Justice is in there) and civil probes into its Forex trading operations. Of course, it’s cooperating, but it has no idea how much it could lose in such a settlement — maybe nothing, maybe $6 billion.

Finally, on Thursday after the closing bell, Bank of America followed Citi and revised its earnings down by $400 million, adding that to its legal reserves to deal with whatever comes of the probe.

So here’s what we know about the investigation: Barclays, HSBC, Royal Bank of Scotland Group, UBS, Citigroup, JPMorgan, and Bank of America are all involved.

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Cornel West, activist and professor at Union Theological Seminary, ripped Barack Obama’s “Wall Street presidency,” calling him another neoliberal “counterfeit” after posing as a progressive in his initial campaign for the White House in 2008.

“We ended up with a Wall Street presidency, a drone presidency, a national security presidency,” West told Salon.com’s Thomas Frank.

“The torturers go free. The Wall Street executives go free. The war crimes in the Middle East, especially now in Gaza, the war criminals go free. And yet, you know, he acted as if he was both a progressive and as if he was concerned about the issues of serious injustice and inequality and it turned out that he’s just another neoliberal centrist with a smile and with a nice rhetorical flair.”

Public intellectual West lamented Obama’s failure – or refusal – to attempt a revival of democratic principles at a time of “an empire in decline.”

“Our culture is in increasing decay. Our school systems are in deep trouble. Our political system is dysfunctional. Our leaders are more and more bought off with legalized bribery and normalized corruption in Congress and too much of our civil life. You would think that we needed somebody—a Lincoln-like figure who could revive some democratic spirit and democratic possibility.”

West said at a time of deep need for solutions, for a change of culture in the gilded halls of Washington, Obama was another “opportunist.”

“It’s like you’re looking for John Coltrane and you get Kenny G in brown skin.”

Looking back, West said he believes Obama’s “motus operandi” has always consisted of seeking to placate the powers-that-be and to occupy the “middle ground,” even though he acted the part of a transcendent figure during his campaign 2008, the year that saw the beginning of the Great Recession.

“And so what did he do? Every time you’re headed toward middle ground what do you do? You go straight to the establishment and reassure them that you’re not too radical, and try to convince them that you are very much one of them so you end up with a John Brennan, architect of torture [as CIA Director]. Torturers go free but they’re real patriots so we can let them go free. The rule of law doesn’t mean anything.”

West also chided US Attorney General Eric Holder for his cozy relationship with Wall Street.

“Eric Holder won’t touch the Wall Street executives; they’re his friends. He might charge them some money. They want to celebrate. This money is just a tax write-off for these people. There’s no accountability. No answerability. No responsibility that these people have to take at all.”

Acting as if there are no divisions in the US, that there is one “American family,” as Obama has said, is part of the President’s “temperament,” West said.

“You don’t try to act as if we have no divisions and we’re just an American family, with the poor getting treated in disgraceful ways and the rich walking off sipping tea, with no accountability at all, and your foreign policy is running amok with Israelis committing war crimes against precious Palestinians and you won’t say a mumbling word about the Palestinian children. What is history going to say about you? Counterfeit! That’s what they’ll say, counterfeit. Not the real thing.”

Obama and Holder, both black men, were “completely silent,” West said, following the police killing of unarmed African-American teenager Michael Brown in Ferguson. The incident was emblematic of “arbitrary police power” that is often trained on communities of color, he added.

West said Holder will likely step down by the end of the year, as he is “concerned about his legacy as if he’s somehow been swinging for black folk ever since he’s been in there. That’s a lie. He’s been silent, too. He’s been relatively silent. He’s made a couple of gestures in regards to the New Jim Crow and the prison-industrial complex, but that’s just lately, on his way out. He was there for six years and didn’t do nothing.”

The post-Obama era will be “an America in post-traumatic depression,” West said, and the likely successor in the White House, “neo-liberal opportunist par excellence” Hillary Clinton, will be “much worse.”

“Hillary Clinton is an extension of Obama’s Wall Street presidency, drone presidency, national surveillance, national security presidency. She’d be more hawkish than he is, and yet she’s got that strange smile that somehow titillates liberals and neo-liberals and scares Republicans. But at that point it’s even too hard to contemplate.”

http://rt.com/usa/182688-cornel-west-obama-counterfeit/

 

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Quantitative easing will cease come October, unless Yellen and Wall Street can create a new “crisis” to cure with more money printing. By every valuation measure used over the last 100 years, stocks are overvalued by at least 50%. By historical measures, home prices are overvalued by at least 30%. Ten year Treasuries are yielding 2.4%, while true inflation is north of 5%. With real interest rates deep in negative territory, the bond market is even more overvalued than stocks or houses. These simultaneous bubbles have been created by the Federal Reserve in a desperate attempt to keep this debt laden ship afloat. Their solution to a ship listing from too much debt was to load it down with trillions more in debt. The ship is taking on water rapidly.

We had a choice. We could have bitten the bullet in 2008 and accepted the consequences of decades of decadence, frivolity, materialism, delusion and debt accumulation. A steep sharp depression which would have purged the system of debt and punishment of those who created the disaster would have ensued. The masses would have suffered, but the rich and powerful bankers would have suffered the most. Today, the economy would be revived, saving and investing would be generating needed capital for expansion, and banks would be doing what they are supposed to do – lending money to businesses and individuals. Instead, the Wall Street bankers won the battle and continue to pillage and loot the national wealth while impoverishing the masses.

The arrogance, hubris and contempt for morality displayed by the ruling class is breathtaking to behold. They think they are untouchable and impervious to norms followed by the rest of society. They may have won the opening battle, but will lose the war. Discontent among the masses grows by the day. The critical thinking citizens are growing restless and angry. They are beginning to grasp the true enemy. The system has been captured by a few malevolent men. When the stock, bond and housing bubbles all implode simultaneously, all hell will break loose in this country. It will make Ferguson, Missouri look like a walk in the park. I wonder if the occupants of the Eccles building in Washington DC will get out alive.

The Story @ http://www.zerohedge.com/news/2014-08-19/your-recovery-and-your-recovery-without-drugs

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(David Catanese)  Hillary Clinton’s claim of being “dead broke” offered up easy fodder to Republicans, who swiftly poked fun at a politician who appeared out of touch with regard to her own potential wealth.

Yet what’s really keeping GOPers tossing and turning at night is the powerful political fundraising punch the Clinton brand brings to the table.

The Wall Street Journal did the math and found that Bill and Hillary Clinton helped raise more than $1 billion from U.S. companies over the last two decades, through political fundraising, paid speeches and their advocacy groups.

“Clinton Inc. is going to be the most formidable fundraising operation for the Democrats in the history of the country. Period. Exclamation point,” said Rick Hohlt, a lobbyist and fundraiser for Republican Party presidential candidates. “It sure causes concern.”

Particularly notable in the Journal’s tally is the Clintons heavy reliance on Wall Street. Goldman Sachs Group Inc. have been the power couple’s No. 1 Wall Street contributor, doling out nearly $5 million to the Clintons. As a senator, Hillary raked in $5.7 million from financial services firms, fairly typical for a New York legislator. Financial-services firms accounted for about 12 percent of the total amount raised by the Clintons. By comparison, Mitt Romney – Mr. 47 Percent – raised 13 percent of his 2012 campaign funds from financial-services firms.

Put it altogether and it’s easy to see how Hillary Clinton could become the preferred candidate of Wall Street in 2016.

And that has both the right and the left trembling, but for different reasons.

http://wealthydebates.com/hillary-clinton-raised-1-billion-wall-street/

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A man holds a sign during an anti-Wall Street protest. (file photo)

A man holds a sign during an anti-Wall Street protest. (file photo)
 

History never repeats itself, but from time to time, consciously or not, some influential men attempt to force us into the monstrosity of their imaginary time machines to try to reverse decades, and in the case of feudalism, almost a millennium of social progress.

The mid-20th century brought the years of collective psychosis of Adolf Hitler’s “thousand year Reich,” and more recently what can be viewed as the United States of America’s imperialist manifesto or so-called “Project for the New American Century”, concocted in 1997 but still in effect today under the current administration, with the self-proclaimed objective to “promote American global leadership” resolutely and by military force, if necessary.

Montesquieu and his colleagues of the mid-18th century, such as Voltaire, Diderot and Rousseau of the Age of  Enlightenment, denounced feudalism as being a system exclusively dominated by aristocrats who possess all financial, political and social power.  During that time, which incubated the French Revolution and built its ideological foundations, feudalism became synonymous with the French monarchy. To the Enlightenment writers, feudalism symbolized everything that was wrong with a system based on birth privilege, inequality and brutal exploitation. In August 1789, shortly after the takeover of La Bastille on July 14, one of the first action of the Assemblee Constituante was to proclaim the official abolition of the “feudal regime.”

Ironically, feudalism is making a comeback in the latest evolution and under the impulse of predatory global capitalism. After all, Karl Marx, in the mid-19th century, considered feudalism to be a precursor of capitalism. Typically a feudal system can be defined as a society with inherited social rank. In the Middle Ages, wealth came exclusively from agriculture: the aristocracy strictly assumed ownership of the land while the serfs provided the labor.

The feudal system of the Dark Ages was the social and economic exploitation of peasants by lords. This led to an economy always marked by poverty, sometimes famine, extreme exploitation and wide gaps between rich and poor.  The feudal era relation of a serf to his lord is essentially identical to the relation of a so-called WalMart associate to a heir of the Walton family. If one looks objectively at the power stratum in the US circa 2013, and the one of, let’s say, France circa 1750, it is hard to ignore the startling similarity. For example, attendance at Ivy-League schools in the US is principally an inherited privilege; the same can be said for elected positions in Congress. The concept of dynasties rules, not personal merit.

A powerful network of oligarchs worldwide seems to be pursuing the objective to set back the social clock to before the era of Enlightenment so as to return us to the Dark Ages of lords and serfs: a new era of global slavery to benefit Wall Street’s “masters of the universe.” Compared to the Middle Ages, today’s servitude is more insidious: the International Monetary Fund (IMF), World Bank, and many private banks operate like mega drug dealers. The IMF and World Bank do so with countries, while the banks do so with individuals. Once Greece, Detroit or John Doe is addicted to its fix — loans in this case — the trick is done. After a while, money must be borrowed even to service the debt.

In a recent cynical opinion piece titled “Detroit, the New Greece”, New York Times columnist and Nobel-prize winning economist Paul Krugman reasoned more like a callous Wall Street operator than someone with the self-proclaimed humanist “conscience of a liberal” by casually calling Detroit a “victim of market forces.”

“Sometimes the losers from economic change are individuals whose skills have become redundant; sometimes they are companies serving a market niche that no longer exist; and sometimes they are whole cities that lose their place in the economic ecosystem,” writes Krugman, forgetting Greece in his laundry list of “innocent victim of these mysterious “market forces.” Krugman concludes his paragraph with: “Decline happens,” as if this is a physical phenomenon, like gravity or magnetism. Like most of the leading international economists, Krugman has adamantly supported the North America Free Trade Agreement (NAFTA) and the World Trade Organization (WTO). Detroit and Greece are not some sort of collateral damage of “market forces” in Krugman’s “decline happens” scenario. Detroit was demolished wholesale by NAFTA, and Greece was enticed to borrow money to join the EURO zone.

The IMF itself recently conceded that the policies it has implemented for Greece resulted in “notable failures.” The IMF failed to push for an immediate restructuring of Greece’s debt, but didn’t prevent money owed by the country before 2010 to private-sector creditors from being fully repaid at the onset of the fiscal crisis. Greece’s overall debt level remained the same, except it was now owned to the Euro-zone taxpayers and the IMF instead of banks and hedge funds. Both Greece and Detroit were targets of  a predatory capitalism that sought to downgrade and then shut down all public sectors of an economy.

The “market forces” are not physical phenomena; they are the hyenas and vultures from Wall Street who dismantle and then feed on the carcasses of a city or country. Decline does not just happen; it is engineered by the corporate entities of global capitalism to maximize profit without regard for human costs. It is ultimately up to us, for the common good of human kind, to put wrenches into the well-oiled wheels of this global corporate machine that is breaking our backs by grinding and crushing our accomplishments of more than 250 years to return us to the servitude of feudalism.

Gilbert Mercier is the Editor in Chief of News Junkie Post, where this essay originally appeared.

 

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So what’s a Peeping Tom, anti-democratic, Constitution-trampling intelligence crony to do after leaving decades of “public service?” Move into the private sector and collect a fat paycheck from Wall Street, naturally. Following in the footsteps of some of the other top tier public sector cronies looking to cash out after doing their best to destroy the Republic, such as Banana Ben Bernanke collecting $250,000 per speech and Turbo Tax Timmy Geithner hopping over to private equity giant Warburg Pincus, Mr. Alexander is in good crooked company.

So what is Mr. Alexander charging for his expertise? He’s looking for $1 million per month. Yes, you read that right. That’s the rate that his firm, IronNet Cybersecurity Inc., pitched to Wall Street’s largest lobbying group the Securities Industry and Financial Markets Association (SIFMA), which ultimately negotiated it down to a mere $600,000 a month. In case you need a refresher on how much of a slimy character this guy is, I suggest you read the following posts:

 

NSA Chief is Pushing for Legislation to Stifle the First Amendment

NSA Holds “Top Secret” Meeting to Stop Powerful Anti-Spying Amendment

NSA Chief Admits “Only One or Perhaps Two” Terror Plots Stopped by Spy Program

We learn from Bloomberg that:

As the four-star general in charge of U.S. digital defenses, Keith Alexander warned repeatedly that the financial industry was among the likely targets of a major attack. Now he’s selling the message directly to the banks.

More@ http://libertyblitzkrieg.com/2014/06/20/ex-nsa-chief-keith-alexander-is-now-pimping-advice-to-wall-street-banks-for-1-million-a-month/

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Dr Jim Willie has been talking about the BRICS nations (Brazil, Russia, China, India and South Africa) being joined by other nations to take down the dollar. He says there are now 80 nations in the BRICS alliance who have joined together to end the dollar’s reign as the international reserve currency. China could have taken down the US economy any time it wanted to after it had accumulated more than a trillion dollars in US Treasury bonds. All it had to do was to sell them and buy real assets until the US government collapsed and surrendered.

The Chinese are playing a much more sophisticated game. Their goal is to take down the dollar and the British pound but not to hurt their customers in Africa, Latin America, Australia and elsewhere. He thinks a Northern euro will emerge leaving southern Europe and France far behind. Italy’s future was hurt when they mistakenly decided to send half of their gold to New York. That gold is in Asia along with the bullion from the Netherlands and Germany. Dr Willie agrees with Jim Rickards who says the dollar will be devalued 80%. This will make imported goods 500% more expensive. And it will also enable foreigners to buy food off the shelves of America and Great Britain. Please note that the British pound is being targeted by the BRICS 80 as well.

Dr Willie also believes that J P Morgan and other financial firms in the US and the UK are helping China to manipulate gold and silver. The Chinese want to buy gold for a low price and spend it at a much higher price when everything goes to hell and Americans have to sell off their few remaining assets to feed themselves. He says the London and New York banks have been sending a thousand tons of gold to China every month since April of 2012. The dollar will collapse and the price of gold will skyrocket when there is no gold left in London and New York to send to China.

The Federal Reserve balance sheet has grown from $800 billion in 2009 to $3.9 trillion today. That is almost a 500% increase in less than 5 years. You would think that would be inflationary. But the federal government lies about employment, economic outlook and inflation. John Williams at Shadow Stats says the inflation rate is really almost 9%. Since GDP is flat, the real economy after factoring in the inflation rate is contracting at 9%.

Read more@ http://vidrebel.wordpress.com/2014/05/08/jim-willie-brics-80-preparing-to-take-down-the-dollar/

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