Gramercy Images News

A Financial Novelty weblog

Archive for the ‘Libya’ tag

Panetta Tells Congress: Screw Your Constitution?

without comments

Obama Admin Cites ‘Int’l Permission,’ Not Congress, As ‘Legal Basis’ For Action In Syria

I share Senator Jeff Sessions’ aghast horror, during this Congressional hearing on Syria:

Breitbart’s inflammatory editorial on this topic puts it better than I could – Panetta: ‘International Permission’ Trumps Congressional Permission For Military Actions – what about all those in the military who’ve sworn an oath to Defend the Constitution from exactly this sort of TREASON? This ‘international espoinage’, this off-shore fascist bankers coup d’etat of every sovereign country. Where do the Defenders of the Constitution stand? Or are they just gonna let this pass? Are we finished?

Oh, another pretty thing about this is when Panetta says, “Just like we did in Libya.” but… but… Syria is nothing like Libya. It’s a totally different situation. Oh, wait a minute, that’s scary… we are a Corporate War World, official.

Panetta’s US Military says “Screw your Constitution” to Congress?

[Chimeraworld 6]

COMEX: The March To Irrelevance

without comments

by Jim Willie CB
December 21, 2011

Divergence between paper gold and physical gold price is happening, the process begun. Actual physical shortages have kept the price up. The naked shorting of futures has kept the paper price down. The fraud cases and lawsuits, with no hint of prosecution, provide the levered force to create much wider divergence, as traders and entire firms depart the tainted crime scene that is the COMEX. Trust has vanished along with private accounts. At the center of the backdrop for the divergence, apart from the criminal events, is the economic deterioration and asset market downdraft. It leads to margin calls, loan payment obligations, fading investor confidence, negative sentiment, and a desire to avoid loss. Hence the huge liquidity concerns, selling of good assets that command a strong price, and central bank encouragement of gold sales even with lease. These forces conspire to push down the gold futures price from the discovery process, called the paper gold price. These forces, although real, are exaggerated by the Syndicate to explain all. On the other side is the desperation among central bankers to cover debt securities up for sale or rollover funding. They resort to utter hyper inflation by monetizing the many types of government bonds. They are obligated to aid their banker cohorts, and thus purchase truckloads of badly impaired sovereign bonds and other collateralized bonds. Over time these sovereign bonds have proved toxic. The compelling need to stimulate economies, to redeem toxic bonds, and to recapitalize and nationalize the big banks adds to the monetary inflation outcome. Therefore, two sides are in opposition in a battle to the death of one or the other. No middle ground can be achieved, not any longer. It is the quintessential battle between monetary hyper inflation and restoring bank system integrity to avert collapse. The insolvency has recently met illiquidity. The battle features strong forces on each side. The divergence between physical and paper gold price is widening.

The incurable speculator junkies committed to the addictive leveraged game rigged by the Forces of Evil seem stuck at the casino tables, where fingers are lost, finally entire hands and arms. If their practice was to purchase physical, they could benefit from the paper price swoon, and join the Forces of Good team, rather than fighting the evil side on their dominated turf. To be sure, many aware analysts in the news maintain a small gold position in COMEX that is rolled over constantly. Many have physical positions but keep with the paper trades as a hobby, better described as an addition to the juice. Leverage cuts both ways. Their continued activity has left them exposed to theft, while knowing the criminality was widespread within the arena. So many players and firms are departing the arena altogether like Ann Barnhardt of BCM Capital. The divergence between physical and paper gold price is widening.

The desperation of the bad team is growing. The gold cartel has benefited significantly from the fresh Libyan gold supply (144 metric tons) and Greek gold supply (111 metric tons), not to mention the ample Dollar Swap Facility. It is the bankers New Gold, as reported by intrepid Jeff Neilson. In a fresh sign of bankster desperation, the lease rates for gold have been pushed down to net negative levels. The fresh supply from the two broken nations has greatly aided the COMEX, providing new cannon fodder. Perhaps more wars to liberate the oppressed can be conjured up, to release more tyrant wealth. It is not a coincidence that negative gold lease rates came when Libyan gold was made available (heisted) and when Italian sovereign bonds went into critical DEFCON mode. The gold supply helped to aid the lack of bond demand. The gold lease story is analyzed more fully in the December Hat Trick Letter.

INELASTICITY BLEMISH

A preface is warranted. The paper Gold market is very different in its internal dynamics from the physical. The paper Gold market shows signs of inelasticity that borders on comical. Witness the low demand in 2001 and 2002 when Gold had a paper price tag at $300 or less per ounce. Witness nowadays the amplified selling when the paper price declines. The leverage from the corrupted paper mechanisms forces margin pressures and sales. The leveraged game goes opposite to the real world of price mechanisms. On the upside, global demand rises with a rising physical price, called the gold fever. The inelasticity on the supply side is prevalent in the paper market, while the inelasticity on the demand side is prevalent on the physical market. To confuse the mix, mining firms realize some inelasticity as price falls, they are stuck with a liquidity crunch on their forward sales ruin. A huge amount of money is required to cover their losses, urged on by Wall Street advisors. Their mining operations suffer from lack of funds, and projects are curtailed. The paradoxical differences in dynamics help to push the gap between the paper and physical Gold price. The incompatible forces work to rip apart the COMEX. The divergence between physical and paper gold price is widening.

ILLICIT USAGE OF CLIENT FUNDS AS COLLATERAL

The hypothecation battle will bring sufficient publicity to help the divergence along. As more assets are seen as committed, involved, and tainted in the process of grabbing, snatching, and securing collateral, even by illegal means, the physical assets will be removed from the system. Parties will remove accounts and metal from the COMEX in response from basic self-preservation. On the investment and speculation side, harm has been rendered to managed risk. The client funds have begun to flee. The protection and security of money in private accounts has been under siege in recent weeks since the MF Global crime scene was established and the yellow tape cordon has been put in place. Investors are pulling money out of hedge funds at a rapid rate. The COMEX will be increasingly isolated. Clients funds were redeemed to the tune of $9 billion in October, almost four times as much as they pulled in September, according to Barclay Hedge and TrimTabs Investment Research. Investors in October yanked more from hedge funds, setting a single month high over the last two years.

The redemptions are the largest for the hedge fund industry since July 2009, when $17.8 billion was returned. The Barclay Hedge office put lipstick on the corrupt pig by commenting on how investors have lost patience with lackluster investor returns. To be sure, the average hedge fund is down by about 4% this year. The global hedge fund industry size has been reduced to $1.66 trillion, still sizeable. It is always interesting, if not amusing, to read the spin from the isolated corners. Hedge funds are seeing capital depart for the simple reason of moving away from crime centers. In the process the COMEX is being isolated. With increased isolation comes the easily recognized fraud. Look for some major stories soon about the raids to the GLD and SLV inventories by their custodians engaged in naked shorting. The Exchange Traded Fund fraud story is analyzed more fully in the December Hat Trick Letter. The divergence between physical and paper gold price is widening.

DYNAMICS OF PAPER VERSUS PHYSICAL BASIS

Grand divergence dynamics are becoming clear. Ann Barnhardt explained in detail how the COMEX will go away. It will not default, but rather fall into irrelevance. She laid it out in credible detailed form with numerous factors coming to play. The COMEX might still suffer the shame and spotlight of criminal prosecution. It will more certainly suffer from being ignored and shunned. The physical basis market will not respond to the declines in the paper futures market. The current dominant market will go away due to lost integrity and eroded trust. The consequences and implications of the recent major scandal and coverup are enormous, staggering, and sweeping. The changes from the MF Global failure and theft of private segregated accounts will come in time, perhaps accelerated by another similar event to slam the message home. The Syndicate has turned desperate, resorting to theft in the open daylight, which has resulted in direct consequences. Hundreds of COMEX clients waited in line for delivery of gold, and had their wallets stolen by JPMorgan. Their Gold & Silver set for delivery found its way into JPMorgan accounts at the COMEX. The details of the missing silver then reappearing silver is discussed in the December Hat Trick Letter. The slow mentally overlook this fact. The alert who point to fraud consider it a smoking gun. On its face, evidence mounts that JPMorgan simply converted 614k ounces of MF Global client silver into JPM licensed vaults. Big hats off to the Silver Doctors for excellent financial fraud forensic analysis. Do not expect prosecution over the crime, for MF Global, for JPMorgan, or for the accomplices in London, not even Jon Corzine. The Fascist Business Model in the Untied States does not permit prosecution. The bigger the crime, the more likely the perpetrator is in control of the government high offices, the financial ministry, the printing press, or the regulators.

Ann Barnhardt explained how the COMEX will fade away into oblivion. Its final chapter will be marred by a grand price divergence, where the futures market price declines from shunned avoidance, while the cash physical market price holds steady then rises. Many including the Jackass had thought that a slew of delivery demands would force a drain in their gold & silver inventory, eventually leading to a slew of lawsuits, together to shut them down as a corrupt enterprise arena. The MF Global theft reveals the alternative route that seems more clear. The gold cartel led by JPMorgan and secretly by the USFed will not go quietly. They have resorted to theft of private accounts on the open stage. The money is not missing. That is the lie. It is held in JPMorgan accounts in London, where fraud laws are more relaxed. We have seen this Madoff movie before, but it will be shown on the silver screen again. The divergence between physical and paper gold price is widening.

The backlash has begun and will gain strength. Barnhardt offered many cogent arguments with detail on how the COMEX will be ignored from distrust and suspicion of further thefts, as clients remove funds and close accounts. Here are her main points. They apply to Gold & Silver. She has the Barnhardt weblog: http://barnhardt.biz

  • Arbitrage is set to kick in. Players will buy at the cheaper corrupt paper market in COMEX and sell in the higher honest physical market, wherever brokers can match to make deals. (It is the same phenomenon that ripped the Euro sovereign bond market apart, as the German Govt Bond yields remained much lower than the Spanish and Greek.) They will take advantage of a strong basis, buy at the discount offered by COMEX, and sell into the cash spot physical market.
  • A linchpin holds the market together. Keeping the futures markets tied to the underlying cash physical market is the fact that the futures contracts permit taking delivery. That delivery mechanism just broke as linchpin in full view. The futures market has lost viability and trustworthiness because of the MFG collapse and theft.
  • The entire delivery mechanism has been corrupted and undermined. Taking delivery has meant a holding of physical metal bars is stored in a certified vault with your name attached. No longer are such holdings considered safe. Thefts occurred, and lawsuits have occurred to decided upon ownership of bars in dispute.
  • The de-coupling process comes when arbitrageurs finally lose all confidence in market interaction dynamics, as the cash market will lose connection on price from the futures market. Players will not be willing to take the risk of having their money, positions, and physical metals stolen or confiscated.
  • As players flee the futures market, the paper futures prices will decline. The cash physical market will hold steady. The divergence will come and be noticed, then be widely publicized. The players will realize that the physical market is the only remaining game to be played with honest rules in effect. The cash dealers will ignore the futures prices, no longer a valid price discovery, seeing that market demand for their physical inventory is robust, and maintain their prices steady. Later, they will even raise the physical prices. Then later still, the parabolic spike comes for physical Gold & Silver.

THE GREAT SHUN BY MINERS

Asset management funds are appealing to mining firms for direct metal supply. They are bypassing the COMEX in a new trend. It is a natural development, as miners seek a fair price and the funds seek a reliable supply. The COMEX is cut out of the process. The Sprott Funds have revealed how they sourced their precious metal from mining firms last year. The official exchanges are being cut off, a form of isolation as a result. The divergence between physical and paper gold price is widening.

See the Ashanti story as typical. The COMEX is seeing reduced supply lines, reduced operations, more criminal implications, horrible publicity, and fewer clients. Criminal fraud does that, as lawsuits will follow like cold rain. The trend shapes up well for higher gold & silver prices. Mark Cutifani is CEO of AngloGold Ashanti, a $16 billion mining firm. He said, Major [asset management fund] buyers are finding it is hard to get physical gold. People are coming directly to us [for large gold purchases,] people who want tonnes of physical gold, people with serious financial muscle, because they are finding it is very difficult to secure the volume of gold they want. That is something we have noticed over the last 18 months, and it has been increasing in the last six months. People are finding its hard to get physical gold.” The clear message is that the COMEX has no spare available metal at all. Cutifani has good insights into the commodities and precious metals markets, and describes a fascination new trend regarding the global picture. He pointed out that major gold buyers are emerging from the Middle East and Asia. See the Bull Market Thinking article (CLICK HERE).

NEW MARKETS FLOWERING

New gold centers are forming, where the safety is most assured. Hong kong and Dubai have emerged as reliable honest brokers, and will continue to provide valid safe haven. Switzerland, London, and other locations are fading fast. They are the corrupt centers where fascism has become prevalent, laced through the financial system. Takahiro Morita, the Japan director of the World Gold Council, reported that Japan’s gold exports in the 10 months ended October totaled 95.6 metric tonnes, their highest level since 2008, when it registered at 95.5 metric tonnes. People who bought gold and jewelry in the 1980 and 1990 decades are selling back what they purchased, according to precious metals traders. Japan has turned into a big exporter. Contrast to the official side. Central bank purchases have risen by 114% over the previous quarter. Purchases by central banks could hit 450 metric tonnes this year, concludes the investment research at the council. The volume represents the highest level of central bank buying since at least 1970, perhaps the greatest in recent history. A veteran gold trader with actual experience in these locations pitched in to explain. He said, “These are not sales in Japan. They are exports, an important distinction. Many investors are busily relocating their precious metal bullion to Hong Kong and Dubai UAE. Look for Dubai to be the HK of the Middle East. The Chinese have made that decision, and it is being implemented with lightning speed.” Most of the relocation from Japan shows up as exports, which require payments.

October imports into China from Hong Kong rose 50% over September, and up 40-fold from last year. The more attractive fair price paid in Shanghai reached $50 above the corrupt controlled London price. The arbitrage has been very active. Chinese gold imports from Hong Kong hit a record. The Financial Times reported Chinese gold imports from Hong Kong hit a record high in October and astoundingly, they accounted for more than one quarter of the entire global demand. Data showed that China imported 85.7 tonnes of gold from Hong Kong in October, up 50% from the previous month and up more than 40 times from October of last year. It marks the fourth consecutive month that China’s gold flows from Hong Kong have hit new highs. The article noted that the price arbitrage between London and Shanghai was favorable for Chinese imports during late September and early October, giving astute clever traders an edge. Gold on the Shanghai Exchange traded up to $50 per ounce above the main global market based in London, a record price difference. Purchases from China have fallen since October, as the recent strength in the USDollar has made gold more expensive. Also, considerable new strain has been felt inside China in recent weeks. Conclude that price arbitrage has begun to show itself across international boundaries. The divergence between physical and paper gold price is widening.

ONE GOLD EVENT, THE BIG SQUEEZE

No gold chart will be shown in this article, out of disrespect deserved for the COMEX criminal activity. A story was recounted in recent days from my best source of solid reliable gold information. The aware gold community has overlooked a phenomenon that might be more profound in action here and now. A major squeeze is on that capitalizes on the artificially low COMEX price and the higher honest physical price. The Barnhardt effect can be seen, or at least recounted. A gold trader informed that some multi-$billion purchase Gold orders have been in the process of filling at or near the $1600 price per ounce. The price must remain near $1600 to complete the orders and permit them to clear. Call it Agent2000 who seeks the massive amount of Gold, one of the Good Guyz. The name fits since their goal is to force the Gold price back over $2000/oz after the sale transaction clears. Since so large, the orders take time to fill completely. The low-ball buy orders have been filling for over two weeks. At the same time, the Agent2000 buyer has enlisted the aid of numerous assistants to push down the paper Gold price by putting extreme pressure on some bad players, some nasty types from the usual list of suspects in the Western banking sector. These bankers are being squeezed out of their gold, as they contend with deep insolvency, reserves requirements, falling sovereign bond values, depositors exiting, and more. They are players in what has been widely called the Gold Cartel. The Jackass term has been applied in a wider sense, as they have been part of the Syndicate that reaches into the Wall Street banks, the defense contractors, news media, and big pharma.

The other side of Agent2000 is where additional intrigue lies. He (they) have buyers lined up on the physical side some deals ready to close at $1900 per ounce. Later the price will push over the $2000 mark. The buyers are ready. One must infer that the buyers have a great deal of money ready to devote to the battle. Maybe some is piled up to escape the clutches of the cartel, removed from the system. Maybe some is piled up at a major new slush fund to do battle with the cartel at their own game. Maybe some is piled up and kept out of sight from greedy hands in government officials, like off-shore in the Caribbean or sequestered in the Persian Gulf. This story might be perplexing to many in the gold community since the Good Guyz are pushing down the Gold price in order to facilitate a gigantic order that will work toward crushing the cartel by draining their gold. Their gold cannot be drained without the completion of a great many orders. It is only natural to attempt to achieve the lowest possible price. If the gold cartel insists on pushing the price down, then they open the door for major volume sales at the artificially low and very much bargain price. It is happening, but the gold community does not enjoy the symptoms of the process.

So a huge huge huge buyer of gold is busy, and a multi-$billion order is working through. The buyer demands a $1600 price, while on the other side of the table Agent2000 has a sale lined up for the same metal at a $1900 price on physical. The trade will take gold bullion from the Bad Boyz hands and put it into the Good Guyz hands. In the process, the COMEX supply lines will be drained more. This is consistent with mining firms removing supply lines to the COMEX. The Agent2000 buyer is pushing price down, squeezing some evil parties hard, crushing testicalia along the way. He (they) describe to the distressed seller at $1600 that pressures will continue until the deal is closed. The seller is in tremendous pain with open distress showing. So many assume the Bad Powerz are pushing down the Gold price. Not so!! This event and transaction displays how some pain comes in many isolated cases of Good Guyz pushing the Gold price down to empty the Bad Powerz vaults. My source would not reveal the identity of Agent2000 or the location of the squeeze. It seemed like London. The money is not exclusively coming from China. Word has it that Russia is also applying the pressure, with some Chinese teamwork. The Competing Currency War has a new major flank. The divergence between physical and paper gold price is widening.

THE HAT TRICK LETTER PROFITS IN THE CURRENT CRISIS.

From subscribers and readers:
At least 30 recently on correct forecasts regarding the bailout parade, numerous nationalization deals such as for Fannie Mae and the grand Mortgage Rescue.

“You have warned over and over since Fall of 2009 that Europe would come apart and it sure looks like exactly that is happening. You have warned continually about the COMEX and now the entire CME seems to be unraveling. You must receive a lot of criticism regarding your analysis, trashing the man, without debate. Your work is appreciated. I do not care how politically incorrect or how impolite your style is. What is happening to our economy and financial system is neither politically correct or polite.”
   (DanC in Washington)
“The best money I spend. Your service is the biggest bang for the buck.”
   (DaveJ in Michigan)
“As the nation screams down the mountain out of control into the abyss, it is good to have a guide. Jim Willie helps to understand what is happening and more important, why. With that information, you can make the right decisions to protect yourself from the current apocalyptic catastrophe. Forget the MSM propaganda. Here is offered good in-depth actionable reports that are the most insightful and valuable.”
    (AlanS in New Mexico)
“Your work is by far the most comprehensive, informative, and accurate of all, no question. I cannot overstate how much I have learned from your work. It must be a conscious effort on your part to teach people. Please don’t give up on that commitment. Your article on the Petro-Dollar standard is a turning point for any investor or geo-political power observer.”
   (CurtB in Kansas)

Jim Willie CB is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics. His career has stretched over 25 years. He aspires to thrive in the financial editor world, unencumbered by the limitations of economic credentials. Visit his free website to find articles from topflight authors at www.GoldenJackass.com . For personal questions about subscriptions, contact him at JimWillieCB@aol.com

home: Golden Jackass website
subscribe: Hat Trick Letter
Jim Willie CB is the editor of the “HAT TRICK LETTER”

Use the above link to subscribe to the paid research reports, which include coverage of critically important factors at work during the ongoing panicky attempt to sustain an unsustainable system burdened by numerous imbalances aggravated by global village forces. An historically unprecedented mess has been created by compromised central bankers and inept economic advisors, whose interference has irreversibly altered and damaged the world financial system, urgently pushed after the removed anchor of money to gold. Analysis features Gold, Crude Oil, USDollar, Treasury bonds, and inter-market dynamics with the US Economy and US Federal Reserve monetary policy

.

COMEX: THE MARCH TO IRRELEVANCE

Gold Eagle . com

Keiser Report: A Confidence Game

without comments

This week Max Keiser and co-host, Stacy Herbert, discuss psyops in the gold market, Tony Blair’s con job in Libya and Jamie Dimon’s ‘patriotic’ bailout in America. In the second half of the show Max talks to Nick Verbitsky, director of “Confidence Game,” a film that explores the last week in the life of investment bank Bear Stearns.

The Keiser Report on Facebook

[183] Keiser Report: Confidence Game

[maxkeiser.com]

Benjamin Fulford: What Replacing The Government of The Planet Means

without comments

Long title. But well worth it. As was mentioned in the last Ben post, “The global soap opera continues, but the end is in sight.” And, “Their [the cabal's] time is coming to an end.” As I read this week’s Ben, all I could hear in my mind was, “Wow!!”

You know, this is so much like what I started hearing from Mark H and his group (Ashtar, Mother Sekhmet, et al.), a couple of years ago. And that was that many of the dark hats, once confronted with their misdeeds and what consequences they would face if they kept on the same (dark) path, would then begin to change their hats, from dark to Light (or is that black to White?). Anyway, I find these stories “fascinating”, particularly that of Dominique Strauss-Khan (DSK) and Rupert Murdoch. If what Ben says is correct, DSK has started to “cooperate with the White Dragon Society” and spilling his beans, while Mr. Murdoch “is breaking away from the five person cabal that controlled the corporate media information flow.” Who are these five? I do not know, but it could be that Mr. Murdoch has had to play a touchy game these years to keep his life intact and his head attached to his torso.

Personally, I was thrilled to see all of these reports from Ben. It certainly resonates (such a great word) with things that others are reporting, and what so many of us have been sensing.

Please use your Higher Discretion as you read.

“There will be many more revelations as the old power cabal continues to unravel and competing factions begin to reveal each other’s scandals… Big changes on these fronts are expected this autumn.”

Highlights

  • Changing the very top of the world’s power structure involves a shift in the psychology of the people who rule the planet. That change is then followed by a change in public announcements and actions.
  • … the signs of global regime change are everywhere…The case of Dominique Strauss-Khan… is one… Another… is Rupert Murdoch.
  • …DSK has been released because he has begun to cooperate with the White Dragon Society and reveal the secrets of the criminal cabal that illegally seized control of global finance.
  • On the surface, Murdoch is under attack… truth is that Murdoch is breaking away from the five person cabal that controlled the corporate media information flow.
  • There will be many more revelations as the old power cabal continues to unravel and competing factions begin to reveal each other’s scandals.
  • …the fake debate over the US budget… was irrelevant…the US corporation needs to borrow close to $2 trillion every year… They are only getting to kick the can down the road a bit longer while the new system gets ready.
  • Despite all of these changes under the surface, the fact remains the public news being given to the brainwashed Western world is still mostly cabal propaganda.
  • When will the White Dragion Society take action? many continue to ask. The answer to this remains that painful though the situation is; some secret negotiations are still needed to prevent a nuclear holocaust.
  • The criminal cabal in Washington D.C. also needs to understand the inevitable. Big changes on these fronts are expected this autumn.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .


Benjamin Fulford, August 2, 2011: What Replacing The Government of The Planet Means

Power is an elusive thing. It is ultimately a fine balance of mass psychology built up through the momentum of the past. Changing the very top of the world’s power structure involves a shift in the psychology of the people who rule the planet. That change is then followed by a change in public announcements and actions. People watching the collapse of the current world regime are getting impatient because it seems to be taking so much time. They need to understand that changing a system that has existed for thousands of years needs to be handled with great care in order to avoid chaos, starvation and war. Nonetheless, the signs of global regime change are everywhere.

Let us look at some of the signs in both the corporate propaganda media and behind the scenes. The case of Dominique Strauss-Khan, the former head of the IMF, is one. On the surface, he was arrested and deposed for allegedly raping a maid. Under the surface, DSK has been released because he has begun to cooperate with the White Dragon Society and reveal the secrets of the criminal cabal that illegally seized control of global finance.

Another case is Rupert Murdoch. On the surface, Murdoch is under attack for a scandal involving listening in on mobile phone calls. This is simply a pretext because such mobile listening scandals have emerged in the past and never had such repercussions. The truth is that Murdoch is breaking away from the five person cabal that controlled the corporate media information flow. He is threatening to reveal a lot more if he continues to be persecuted. The White Dragon Society offers him protection if he is willing to start using his media empire to report the unvarnished truth about things like 911 without worrying about any power group, including the WDS.

The other big split that is obvious is that between the British and Roman empires. When George Bush Jr. and Tony Blair went to the Vatican offering to convert to Catholicism, they were seeking the protection of a Roman Godfather. This did not stop the British powers from revealing Blair was complicit in agreeing to the criminal invasion of Iraq and the mass murder of its citizens. Retaliation came a while later with wide publicity in such propaganda organs as the Association Press about the alleged murder of Princess Diana by the British Royal family.

There will be many more revelations as the old power cabal continues to unravel and competing factions begin to reveal each other’s scandals.

A lot of people were paying close attention to the fake debate over the US budget but those with inside knowledge ignored this annual farce because they knew it was irrelevant. The fact of the matter is the US corporation needs to borrow close to $2 trillion every year from foreigners to keep going and they are not getting it. They are only getting to kick the can down the road a bit longer while the new system gets ready.

Last week a group linked to Dick Cheney, Henry Kissinger and fellow cabalists tried to cash some megabonds through the White Dragon society. They were told no. They issued threats, they received counter-threats.

Their flunkies in Japan, meanwhile, are in deep trouble. Former Prime Minister and Bush slave Junichiro Koizumi has gone into hiding in North Korea for the past month. The Inagawa crime syndicate, which displays a picture of their boss meeting Bush Senior at their headquarters, has finally realized they were being fooled and used.

Some police officials who work for the Washington criminal cabal are still trying to make mischief but they have lost any public pretense of being on the side of justice and their days are numbered.

Former Prime Minister Nakasone has begun to keep a low profile. The Rockefeller crime syndicate is no longer welcome in Japan.

Despite all of these changes under the surface, the fact remains the public news being given to the brainwashed Western world is still mostly cabal propaganda. A visit to Canada revealed that brainwashed intellectuals were confused about contradictions in the official propaganda line about places like Afghanistan and Libya but they were still far from understanding the truth about the criminal nature of their government.

In the “news,” UN Secretary General Ban Ki Moon was given a new term as head of the UN despite the fact that the people of the planet did not choose him for the job. As a result the general theme and direction of the planet remains one of unrestrained corporate profiteering, huge income gaps between the rich and the poor, endless criminal wars and a daily deluge of corporate lies being fed to the people.

When will the White Dragion Society take action? many continue to ask. The answer to this remains that painful though the situation is; some secret negotiations are still needed to prevent a nuclear holocaust. In specific, the Israeli government and its 200 or so nukes needs to be dealt with. The Jewish people need to renounce the gangsters who have seized power in Israel. The criminal cabal in Washington D.C. also needs to understand the inevitable. Big changes on these fronts are expected this autumn.

Benjamin Fulford, August 2, 2011…”What replacing the government of the planet means… the signs of global regime change are everywhere… Big changes on these fronts are expected this autumn”

[Kauilapele's Blog]

Benjamin Fulford Interviewed by Jeff Rense – April 27, 2011

without comments

Discusses the global economic crisis, the New World Order, the dollar, Japan, World War III, oil, Libya, nuclear weapons, nuclear earthquake bomb, Stuxnet, unknown nuclear operators, oil company commandos, the real China GDP, slow-motion disintegration, and the military industrial complex.

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

(runtime 41 min 38 sec)

[Rense.com]

| Gramercy Images |

Gaming Our Own Asses

without comments

by James Howard Kunstler

A wicked vibe rattles the mental furniture in men’s minds these days. Against the dreadful normality of American life – the morning traffic on I-495, the mayhem awaiting in some school cafeteria or motor vehicle office, the household awakenings to a new dawn of foreclosure here, there, and everywhere – all this ceremony of the familiar is like a stage backdrop that conceals the awful crush of history. Things are swaying and crashing outside the magic theater of the normal, where we act out our tragicomedy of “Waiting for Recovery.”

I have never lived in a time when so many false narratives competed for supremacy of the collective mind-space. Omnipresent as it is, reality seems to elude us, and certainly its supposed interlocutors – figures such as presidents, his highest appointed officials, their voluble, strutting opponents in the other party, the glamorpusses behind the Cable TV news desks, poor dim Bill Keller at The New York Times, and, of course, the necromancers of economics on campuses from Cambridge to Palo Alto.

A more primitive radar would conclude that the planet Earth is angrier than usual this year. Japan is still in a radioactive daze from the seventeen inch shove it suffered and lots of people in Carolina are surely shaking their heads over this weekend’s visitation of wrath. Is it possible that climate change and Jesus are one and the same? Let them figure that out in the little cinderblock roadside chapels next Sunday before they all trundle over to the Nascar track.

It was heartening at least to see a few signs of life “out there” in the karmic interstices. Senator Carl Levin of Michigan sent a memo to the Attorney General of the US – viz: something has been going on in Wall Street that merits your attention. As in most seemingly crucial turnings lately, echo answered. Can someone please check to see if Eric Holder over in the Department of Justice is leaking sawdust? He must be stuffed something. Styrofoam would just make him look lumpy. Could he be a computer graphic? Or is he just a simple slab of cardboard with a photo glued on. Perhaps Senator Levin’s next memo might be in the form of a subpoena to Mr. Holder, requesting his testimony as to how many trillions of dollars were snookered, swindled, and Ponzied out of the US public for the benefit of about a thousand guys in and around lower Manhattan (with branch offices in suburban Connecticut and New Jersey). (Cue: sound of Timberwolves howling.)

Gretchen Morganson and Louise Story over at The New York Times put out a related query last week, asking how come nobody went to jail for misdeeds in the banking sector after several years of incidental revelation through things such as senate hearings, Web journalism, and a few vagrant strolls down the Maiden Lanes of the Federal Reserve’s balance sheets. How did “the newspaper of record” come to wait so long to ask that question? Not even the Times’s Op-Ed viziers have essayed to ask why Lloyd Blankfein is not parked in a court of law instead of a limo. Morganson and Story appeared to conclude that the web of turpitude in finance was too complex for anybody in a disciplinary role to understand, and that was that. Run up the white flag. We give up.

Last week, Eliot Spitzer called out the US attorney general, the alphabet agency regulators, and the secretary of the treasury on Anderson Cooper’s nightly CNN slot. Spitzer, you will recall, the New York attorney general, then briefly governor, was discovered to have had relations with a prostitute. How unfortunate. But consider this: it was at least an honest commercial transaction. Of all the complaints lodged in the matter, none involved any failure to pay the required fees. Spitzer now has his own TV show – which is truly one of the miracles of our time (and I mean that it’s a good thing). He was joined on Cooper’s slot by Rolling Stone’s Matt Taibbi, who has done the bravest and most truthful reporting by far on our national clusterfuck. Taibbi reported last week – one of a now-long string of pithy, revalatory articles going back a couple of years – that two bimbo wives of Morgan Stanley executives set up a hedge fund with $14 million in “walking around” money from their hubbies, and parlayed it (no doubt with help) into a $200 million-plus TALF bailout drop. Now that the story is out, will any regulators or prosecutors have a look? Nobody in the public arena has even suggested it.

Of course, I continue to marvel that the Hamptons have not been burned down by an angry mob of “99ers” marching down the Sunrise Highway. Perhaps that kind of action is yet-to-come during the summer when the Federal Reserve will have to decide to either destroy American currency, or watch the S & P sink to 200… when various sun struck nations around the Mediterranean move to stiff the banks of northern Europe… when the Tea Party ventures to prang the operations of the US government over the debt ceiling sometime in July. Meanwhile, consider how many people will get shot in Syria, Libya, Yemen, and other places around the center of the World’s oil production capacity. Business may be down at Walt Disney World this coming vacation season.

To me, the outcome of all this was clear a while ago: a world made by hand. Incidentally, watch Japan lead the way, as they give up on the industrial meth trip and return to a traditional society. Readers think I’m kidding about this. We’re heading there, too. The signs are unmistakable. It’s not as bad you think, either. We’ll become reacquainted with that fugitive experience, reality. Disillusion is not the worst thing that can happen to people. We can re-direct all the effort that we put into gaming our own asses and cast off the awful weight of pretending to be what we no longer are.

Barack Obama has waited a bit too long to change the national storyline using the authority of his high office. It’s not about “growth” and “recovery.” It’s about managing contraction and becoming a different sort of American society. Observers of the scene have made a mistake about Obama. He’s not “eloquent.” He’s merely respectable. Being able to speak in grammatical sentences is not the same as having anything to say. It will be a sorrowful day when he is replaced by a genuine idiot like Michele Bachman, but it will happen because he wasn’t able to set the tone for his times with something like a straight story, or a memo to his chief law enforcement officer.

________________________

My books are available at all the usual places.


WOH100px.jpgWMBH100px.jpgBigSlide100.jpgTLE100px.jpgGeography100px.jpgCityinMind100px.jpg

Gaming Our Own Asses

[Clusterfuck Nation]

The End of An Empire and The Beginning of A Depression

without comments

Since the end of World War 2, the United States has been the leading military power and the leading economic power on the entire globe. The U.S. has had the largest economy in the history of the world, the U.S. dollar has been used by nearly all of the nations on earth as a reserve currency and the U.S. military has had a physical presence in most of the countries on the planet. Today, the U.S. military is in approximately 130 different nations and it has a total of about 700 military bases around the world. But just like the Roman Empire, the U.S. empire has become overextended and it is starting to decline. Most of our politicians believe that we can continue to “police the world” and project our power to every corner of the globe, but the more we meddle the more the rest of the world hates us and the worse our financial problems get. America is now swamped with debts and our influence is fading. The truth is that what we are witnessing is the end of an empire and the beginning of a depression.

Over the past decade, the wars in Iraq and Afghanistan have cost U.S. taxpayers well over a trillion dollars.

So what have we gotten in return for a trillion dollars?

In Afghanistan, we haven’t even found the one man we supposedly went there to look for – Osama Bin Laden. It defies comprehension how a man with a really bad kidney disease can hide in caves and evade the most powerful military on earth for nearly a decade.

But at least we got rid of the Taliban and set up a good form of government, right?

Oh yeah, we set up a really wonderful government. For example, they recently arrested a one-legged Afghan Red Cross worker and sentenced him to death for converting to Christianity.

Fortunately there was enough of an international outcry that Said Musa was not hung, but the fact that the Afghan government wanted to string him up is enough to show that we have completely failed over there.

The same thing is true in Iraq. Yeah, we may have gotten rid of Saddam, but the nation is now in far worse shape than before we went in.

Before the war Christians felt safe in Iraq. Now large numbers of them are fleeing Iraq as fast as they can. More than 80 Iraqi Christians were recently beheaded on a single day. All the Christians were trying to do was attend a church service.

Now we are involved in a third war in the Middle East. Even though Libya was no threat to the United States, Obama felt compelled to stick our nose into a chaotic civil war.

Now it looks like our involvement in Libya could last for a very, very long time.

In a joint op-ed piece in the New York Times, Barack Obama, David Cameron and Nicolas Sarkozy declared that NATO military operations in Libya will not end until there is a regime change….

However, so long as Qaddafi is in power, NATO must maintain its operations so that civilians remain protected and the pressure on the regime builds. Then a genuine transition from dictatorship to an inclusive constitutional process can really begin, led by a new generation of leaders. In order for that transition to succeed, Qaddafi must go and go for good.

So exactly who are we “helping” in Libya?

It turns out that we are providing “air cover” for many of the same people who were shooting at our troops in Iraq.

Yes, you read the correctly.

According to The Telegraph, the leader of the Libyan rebels is even admitting that his “troops” include jihadists that were firing bullets at U.S. troops in Iraq….

Abdel-Hakim al-Hasidi, the Libyan rebel leader, has said jihadists who fought against allied troops in Iraq are on the front lines of the battle against Muammar Gaddafi’s regime.

What type of government do you think they are going to set up once this is over?

And all of this meddling is turning the rest of the world against us in a big way.

Most Americans don’t realize just how much hatred there is for America in the rest of the world. There are millions upon millions of people out there that now hate us with every fiber of their beings, and every time we bomb someone else world opinion turns against us even more.

Sadly, our meddling goes well beyond the three wars we are currently fighting. The truth is that the U.S. military is actively “conducting operations” in dozens of different countries.

For example, most Americans don’t even realize what the U.S. is doing in Pakistan.

How would you like it if a foreign power was conducting missile attacks inside the United States over the objections of our national leaders?

Well, that is what we are doing in Pakistan and we are going to continue even though Pakistani officials are adamantly objecting.

According to AFP, the CIA intends to continue conducting operations in Pakistan no matter what the Pakistani government says….

The Central Intelligence Agency has no plans to suspend “operations” in Pakistan against terror suspects despite objections from leaders in Islamabad, a US official said Thursday.

This approach to foreign policy is absolutely foolish. Attempting to have an “iron grip” on the rest of the world is only going to cause the rest of the world to deeply hate us and deeply resent us. We like to think of ourselves as “do gooders” but most of the rest of the world considers us to be tyrannical. Eventually the rest of the world will lash out at us.

In addition, maintaining our vast empire is bankrupting us.

As I have written about previously, U.S. military spending is wildly out of control. The truth is that U.S. military spending is greater than the military spending of China, Russia, Japan, India, and the rest of NATO combined.

The United States already accounts for 46.5% of all military spending in the world. China is next with only 6.6%.

Just one day of the war in Afghanistan costs more money than it took to build the entire Pentagon.

So will reducing military spending solve all of our financial problems?

Of course not.

In fact, if you eliminated every penny of military spending we would still have a gigantic budget deficit.

And that is another reason why our empire is dying.

The United States has the biggest debt problem in the history of the world.

Right now the U.S. government is over 14 trillion dollars in debt. Our debt is increasing by over 2 million dollars every single minute.

Our politicians are running up the national credit card as if there will never be any consequences.

But a very serious day of reckoning is coming, and when it arrives the rest of the world is not going to be in the mood to help us.

It is being projected that by 2021, the U.S. will be paying $1.1 trillion a year just in interest on the national debt.

So how big is a trillion dollars?

Well, if you were alive when Jesus was born and you spent a million dollars every single day since then, you still would not have spent a trillion dollars by now.

Our national debt is now at a tipping point. A recently revised IMF policy paper entitled “An Analysis of U.S. Fiscal and Generational Imbalances: Who Will Pay and How?” projects that U.S. government debt will rise to about 400 percent of GDP by the year 2050.

So what are our politicians doing about it?

Nothing.

During the last election, the Republicans made a “pledge” to the American people to cut $100 billion from the 2011 budget if they were elected.

Then once they got in they told us that $61 billion would be enough.

Then John Boehner gave in and agreed to cut the 2011 budget by only $38.5 billion.

Well, now it turns out that even the $38.5 billion figure was not even real.

According to the Congressional Budget Office, the “budget deal” will only slash $352 million (with an “m”) from the 2011 budget.

That is less than one percent of the $38.5 billion figure that was announced.

No wonder so many Tea Party activists are now declaring that John Boehner must go.

In the end, our politicians do not intend to do anything about our runaway debt.

The Democrats will shut down the government rather than allow serious cuts to social programs or entitlements.

The Republicans will never allow serious cuts to the military and they are pushing for even more tax cuts.

So how in the world is U.S. government debt ever going to be brought under control?

The sad news is that it is not going to be. It is just a matter of time before a great U.S. debt crisis strikes.

But the U.S. is not the only one with a debt crisis.

The European debt crisis just seems to get worse with each passing month. The bonds of several European nations have been significantly downgraded in recent weeks.

According to the Wall Street Journal, Moody’s actually downgraded Irish debt by two levels on Friday….

Moody’s Investors Service Inc. downgraded Ireland’s government debt by two notches Friday, taking the country to the brink of junk status, and kept its outlook negative.

Things are getting scary.

Bond yields all over Europe are going through the roof.

A year ago, the yield on 10-year Portuguese bonds was hovering around 5%. On Friday it reached 9.0%.

A year ago, the yield on 10-year Irish bonds was also generally in the neighborhood of 5%. On Friday it closed at 9.7%.

But that is nothing compared to what is happening to Greek debt. On Friday, the yield on 10-year Greek bonds skyrocketed to an astounding 13.83%.

Yes, a depression is getting a little bit closer every single day.

Things don’t look good in Asia either. Prior to the recent tsunami, the Japanese economy was the third largest economy on the entire globe.

But there are now very serious questions about whether or not Japan will ever fully recover from what has just happened.

The mainstream media has been really downplaying the economic damage that has been done to Japan, but eventually the truth will become clear. In a previous article, I contended that this was essentially a “death blow” for the Japanese economy….

The tsunami that struck Japan on March 11th swept up to 6 miles inland, destroying virtually everything in the way. Thousands upon thousands of Japanese were killed and entire cities were wiped off the map. Yes, Japan is a resilient nation, but exactly how does a nation that is already drowning in debt replace dozens of cities and towns that are suddenly gone? The truth is that thousands of square miles have been more completely destroyed than if they had been bombed by a foreign military force. The loss of homes, cars, businesses and personal wealth is almost unimaginable. It is going to take many years to rebuild the roads, bridges, rail systems, ports, power lines and water systems that were lost. Nobody is quite sure when the rolling blackouts are going to end, and nobody is quite sure when all of the damaged manufacturing facilities are going to be fully brought back online.

If all that wasn’t bad enough, the nuclear crisis at Fukushima just seems to get worse by the day.

According to the Los Angeles Times, seawater near the Fukushima nuclear complex was recently found to contain “iodine-131 at 7.5 million times the legal limit”.

Authorities in Japan recently upgraded the crisis at Fukushima to a “level 7″ nuclear disaster, and almost everyone is finally acknowledging that this crisis is as bad or worse than Chernobyl.

Many now fear that vast portions of northern Japan may end up being uninhabitable after all this is over. The health effects and the economic effects from this nightmare are going to be felt for the rest of our lives.

But even if all of the things above were not happening, the rapidly rising price of oil could potentially be enough to push the world into a depression. The entire global economy is predicated on the ability to consume gigantic amounts of very cheap oil. Nobody has ever been able to prove that the global economy can continue to function normally if the price of oil stays above $100 a barrel for an extended period of time.

When oil goes up, people start staying home. Certain types of economic activity become unprofitable. The cost of transporting all goods increases. The amount of money being transferred out of the U.S. economy and into the hands of oil barons soars.

The average price of a gallon of gasoline in the United States is now $3.81. It is about a dollar higher than it was at this time last year.

If the price of oil stays where it is right now, the global economy can probably handle it, at least for a while. However, if it explodes up to $150 or $200 a barrel it is going to unleash hell on world financial markets.

The world is becoming a very unstable place. The U.S. empire is crumbling and the global financial system is on the verge of a nightmare.

Hopefully the rest of 2011 will not be as eventful as the first part has. We could use some global peace and stability for a while. Unfortunately, that is probably not going to be the case.

The End Of An Empire And The Beginning Of A Depression

[The American Dream]

Written by testudoetlepus

April 16th, 2011 at 3:08 pm

When The Saudi Monarchy Falls

without comments

Why gold and oil will soar but the dollar and America we knew might be finished!

by Ron Holland

Oil at $200 plus a barrel will be the least of America’s problems when the Saudi Monarchy falls. “If something happens in Saudi Arabia it (oil) will go to $200 to $300 (a barrel). I don’t expect this for the time being, but who would have expected Tunisia?” ~ Former Saudi oil minister Sheikh Zaki Yamani 4/5/11. The most important question facing the United States today is whether the freedom revolutions sweeping the Middle East will impact the authoritarian regime of Saudi Arabia and the major oil producers surrounding this nation of major oil reserves? The second question is if the government is overthrown, will the new government continue the practice of pricing oil in depreciating dollars rather than consider new options?

The future value of the dollar and the dollar status as the world’s reserve currency depend heavily on the outcome of these two questions. This is why the price of gold could soar and the dollar move dramatically lower when the Saudi Monarchy is overthrown. I fear, the probable American military reaction to this scenario threatens what remains of our republic and may be compared by future historians as comparable in scope to Caesar’s march across the Rubicon in Roman history.

“I don’t think that what the King is doing now is sufficient to prevent an uprising. Saudi Arabia is a time bomb, but one that is constantly being reset,” ~ Jaafar Al Taie, managing director of Manaar Energy Consulting.

Today, I’m warning about the risk of a dollar and Treasury bond threat which could make the real estate collapse or 2008 market meltdown mere footnotes in comparison. Today in the Middle East, either by stupidity or design, the Federal Reserve’s perpetuation of the dollar and treasury debt Ponzi schemes is now dependent on the survival of a few dictatorial regimes staying in power in the Persian Gulf while surrounded by spreading freedom revolutions. This is the most dangerous region in the world and the focal point for conflict between Iran and America, the freedom revolution and authoritarian regimes, Sunni and Shiite, Israel and the Arab world, vast oil resources and the oil needs of the West and China, and where the decision will be made to price oil in depreciating dollars or in other currency alternatives. Of all the conflicts and threats in the region, I believe the question as to whether oil continues to be priced in dollars and the dollar remains the world’s reserve currency for now and the risk of a US dollar and debt collapse are the greatest threats facing America and the West. The real estate bubble and financial meltdown as well as the new stock market bubble are misdemeanors in criminality compared to the Federal Reserve mistake of allowing our currency and debt to be dependent and held hostage based on the survival of a few corrupt authoritarian leaders in fake nations created by London politicians many years ago.

The Saudi Monarchy Will Fall Sooner Rather Than Later
The democracy index published by the Economist Intelligence Unit for 2010 places Libya 158th out of 167 and Saudi Arabia 160th of all nations in terms of an authoritarian government verses a democracy. I fear the oil producing nations of Saudi Arabia, Kuwait, Iraq, Qatar and the U.A.E. could eventually fall to freedom revolutions which have mutated into movements outside the control of the United States. Whether the current radical elements in the revolutionary movements will move to the forefront and possibly take control depends a lot on the current authoritarian regimes reaction to the freedom revolutions in each nation as well as future United States actions to safeguard the future of oil reserves and the dollar.

The fear of these movements sweeping the region is why the Obama Administration postponed actions which could have toppled Gaddafi weeks ago because another perceived victory there would have dramatically increased the growth and blitzkrieg effect of the revolutionary movements thus making them unstoppable and a real threat to first Bahrain and then Saudi Arabia etc. I previously discussed how the Libyan civil war is just a sideshow and deception to buy time and slow down what had been a cake walk by revolutionaries across the Middle East. The real action is in the Persian Gulf and the region is called the Persian Gulf because historically most of the region was under Persian (Iranian) influence.

Washington has successfully in the past chosen stability and tyranny in the region over the Arab people in the streets and now we are going to pay the price through the unintended consequences of our foreign policy in the region. This foreign policy failure when combined with Washington and Federal Reserve economic policies could be a lethal combination for the United States as well as the future of our children and grandchildren.

Our nation may well suffer severe economic consequences, a dollar and debt mini-collapse as well as the risk of a major war in the Persian Gulf region requiring an increasing degree of police state controls at home, the possible return of the draft and even a more authoritarian government in Washington. This is the dark future engineered by the Anglo-American monetary elites, some Washington politicians and the Federal Reserve which have put our currency at such risk.

The United States cannot allow new revolutionary governments outside our control to replace current regimes with political leaders which could threaten the dollar, our national debt and the US economy. If this becomes a risk, I fear the US military could be ordered to intervene and do whatever is necessary to either prop up or install new governments that will still continue to price oil in dollars. Frankly speaking should this situation develop, this may actually be the only way to defend a collapsing fiat dollar regardless of my personal views against military intervention.

The daily news reports continue to show the spread of revolutionary activity across the Middle East now directly impacting Syria, Jordan, Yemen and other nations around the periphery of Saudi Arabia. It appears the new social media driven freedom movements attack both US backed authoritarian regimes and enemies like Libya and Syria. What is often not recognized but apparent is the initial foreign intelligence involvement in the early birth of these revolutionary movements.

Regardless of their initial birth as engineered opposition movements by foreign intelligence, as has often been the case since the early 20th century, today these freedom movements have taken on a life of their own. They now threaten not only out of favor authoritarian leaders and enemy regimes but in the case of the United States, the modern day empire which covertly spawned the initial birth of the revolutions today.

Don Tapscott below certainly explains the situation in the region far better than I can and this is what we now face in the Middle East.

The real situation is “Revolution is not happening because of the current systems in place, it is happening despite them,” he said. “In the Middle East the old thinking has been support tyrants because they provide stability and keep the oil flowing; the young people are revolting against this very kind of thinking….Technology is enabling revolutions across the Middle East. Young people do not want to be subjects anymore. Until now revolutions have had a leader, technology has changed that,” ~ Don Tapscott, the co-author of “Macrowikinomics: Rebooting Business and the World.”

The Law of Unintended Consequences

The US should have learned from Iraq and Afghanistan how the law of unintended consequences from aggressive military, political or covert actions in a complex system like the Middle East can often create undesirable outcomes far different from what was hoped. Just as our invasion of Iraq destroyed the major bulwark against Shiite Iran and actually created another Iranian ally. Also our Afghanistan venture destabilized Pakistan, and today the freedom revolutions are slowly surrounding the House of Saud and the major Persian Gulf oil producing and US debt holding nations. We should also remember how our blind backing of the Shah of Iran and his excesses helped bring about the Iranian Revolution of 1979 and the Khomeini led Islamic state and the problems we are dealing with today.

An excellent analogy of the unintended consequences is the long-term result of Germany introducing Lenin and communism to Czarist Russia during World War One. This was successful in the near term to take Russia out of the war and end Germany’s two front war. But the long-term result was a 70 year battle between the communist system and the West which created both the Cold War and contributed to the rise of Hitler in Germany as an alternative against a communist takeover in the 1930’s. Even now, most of the fabricated nations in the Middle East were actually created in London and Paris following the Treaty of Versailles and our oil and dollar controlled foreign policies there are a direct result of fake countries and boundaries created following the First World War almost a century ago.

America’s Weakest Point is the Persian Gulf

“The importance of maneuvering so your enemy is hit in his weakest points.” ~ Sun Tzu’s, The Art of War

Although the United States is unassailable from a military standpoint in the region, the Washington dollar and Treasury debt are our weakest points and the entire world knows this.

If you have noticed, whenever Saudi Arabia is mentioned, the establishment news coverage is always followed by a comforting statement stressing how the House of Saud will somehow escape the political change in the region. The fall of the Saudi monarchy or serious unrest in the Shiite oil producing region of Saudi Arabia is the “elephant in the room” that no one wants to discuss or write about and why the threat is being ignored and going unaddressed.

The reason is all of the oil produced in the Persian Gulf region outside of Iran is currently priced in US dollars thus allowing the United States and the Federal Reserve to create more dollars at will. 87% of the oil exported out of the Persian Gulf is priced in US dollars and as I explained last week in The Great Anglo-American Gaddafi Deception, the pricing of oil in dollars is a major contributor to maintaining the dollar’s role as the world’s reserve currency.

I believe the Washington Treasury debt and US dollar Ponzi scheme would risk collapse if these five nations mentioned above should threaten or seriously consider pricing oil in gold, Euros, SDR’s or any other currency other than dollars. In addition, Israel wouldn’t survive even with its feared Samson option for more than a few months if the US should lose in the region. Therefore the existence of Israel and the economic survival of the United States, our fiat dollar and the continued rollover of our Treasury debt are very dependent on friendly governments controlled and protected by Washington maintaining power at any price in the Persian Gulf.

Thus our economic future is only guaranteed by fake monarchs and Washington backed puppet regimes staying in power in the region. These are authoritarian regimes and dictatorships because the countries are artificial nations with questionable national boundaries. These nation states only began when needed by the British colonial office almost a century ago in London. In fact, the actual delineation of national borders only started with the first oil concessions in the 1930’s as the United Kingdom needed to map the different oil deposits and this was when the European modern nation state concept was first forced on the region by European powers.

Washington’s Greatest Fear Are the Color Revolutions Sweeping the Middle East

In Libya, the rebels are called the Interim National Council (INC) and apparently run by a former Libyan colonel Khalifa Hifter, who broke with Gaddafi over 20 years ago and has lived a quiet life with no visible means of support only a few miles from CIA headquarters in Langley, Virginia.

Remember, the rebel forces were initially at the gates of Tripoli, when any kind of military or even diplomatic action would have overthrown Gaddafi but now once again they have been pushed back and cornered in Benghazi for the second time in several weeks after the use of air power.

Certainly the rebels have sadly been reduced to “dogs of war” and held on a leash by the US and allied elites in order to continue the sideshow action for entertainment and nightly news coverage as the new freedom revolutionaries are taught that victory can only be achieved by working within the confines of the Anglo-American paradigm.

What Will China Do? China can manipulate the foreign policy of the United States in the same way the United States forced the United Kingdom to withdraw its forces back during the Suez crisis. This was in 1956 when the UK, France and Israel invaded Egypt to take control over the Suez Canal. Washington threatened to dump the US Government’s Sterling Bond holdings if Great Britain didn’t withdraw troops and the invasion ended.

What Will Iran Do? – They are masters at thinking long-term and I do not believe they will take any action to provoke a wounded beast like the Washington Empire. Iran has not invaded another nation in hundreds of years while you well know America’s sordid track record of aggression, drone attacks, aerial bombing and military occupation. Why should they? Their intelligence services were behind the fake weapons of mass destruction evidence in Iraq and they provoked the Bush Administration into invading Iran and toppling their major opponent in the Middle East. They will just sit back and let us do ourselves in.

What Should Americans Do?

  • First, we need to audit and eliminate the Federal Reserve which is the vehicle the monetary elites use to enslave our nation and most of the rest of the world.
  • Second, follow the real news on the Middle East with alternative news sites and email letters like LewRockwell.com, The Daily Bell and the Swiss Mountain Vision newsletter for which I’m also a contributing editor.
  • Third, get as much of your wealth as possible legally and following all of the new reporting requirements out of the threatened fiat dollar currently being destroyed by Washington and the Federal Reserve. Consider other investments, currencies and real estate denominated in the Euro, Swiss franc etc. as well as gold and natural resource stocks. None of your wealth will be safe inside the United States if the dollar status as the reserve currency is compromised by the fall of Saudi Arabia and other friendly governments selling oil for dollars in the region.
  • Store large amounts of gold outside the US in protected and safe jurisdictions in Europe, Australia and Switzerland in secure storage programs like Global Gold located in Switzerland.
  • Finally oppose all future military activities in the Middle East as the unintended long-term consequences of US control in the region have historically far outweighed any near-term military gain advocated by the Neocons or profits for a few elite controlled financial institutions and international corporations.

If the Saudi Monarchy and other Persian Gulf dictators are overthrown by the current revolutionary movements, the debate will be shifted from should we go to war and occupy the region and restore stability (which actually means they continue to rollover treasury debt and price oil in dollars) to like the trial runs of 9/11 and the Fed induced meltdown, do we choose military action or risk economic and dollar collapse. Both Congress and the American people showed their preference for stability at any price including war and loss of liberties. Therefore I fear our conditioned response is already assured.

In the final analysis, the monetary elites are probably correct that their continued survival and parasitic control over much of the West can only be assured by full occupation of the oil resources of the region rather than depending on the former strategy of authoritarian regimes now shown to be weak and subject to powerful freedom movements.

Although all efforts will be made to stay outside the Moslem Holy cities of Mecca and Medina, a new foreign occupation of the Middle East although cloaked in some UN, NATO or Arab organization agreement will still be seen by the people in the street as another crusade for oil and against the Moslem world. This will be magnified if the US and their former colonial masters also utilize the forces of Israel in this repeat version of the 1956 Suez Crisis and takeover of the Suez Canal.

This kind of action although maybe necessary for the survival of the dollar and oil supplies could begin the end of the West as we know it. But then again, maybe that is the goal of the Anglo-American elites moving toward global governance and control by a few wealthy and powerful families? Maybe they can only succeed in their goals of one world government if they world they govern has become so desperate, poverty stricken and tired of permanent war that we will accept any limitation on our wealth and liberties to just survive.

After all, in the end, most people will sacrifice freedom and liberty for stability. It worked for the Soviet Union, Nazi Germany and since the end of World War Two in the Middle East. Why would this not work in Europe and America?

I guess Benjamin Franklin was right.”They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety.” We did this after the 9/11 attack, and we again allowed this to happen after the Federal Reserve created bubble and financial meltdown in 2008. I fear if history is any guide, America and the West will follow the same course of action again in the Middle East but this time straight to the slaughter house of perpetual war and the risk of economic poverty at home.

April 6, 2011Ron Holland [send him mail] is a contributing editor to the Swiss Mountain Vision Newsletter and Chairman of the Advisory Board of the Foundation for the Advancement of Free-Market Thinking (FAFMT) in Vaduz, Liechtenstein.

Copyright © 2011 by LewRockwell.com. Permission to reprint in whole or in part is gladly granted, provided full credit is given.

Previously by Ron Holland: The Great Anglo-American Gaddafi Deception

WHEN THE SAUDI MONARCHY FALLS

[Freedom Guide]

Which Countries Are Most Reliant on Libya for Oil?

without comments

Libya, Conflict, Oil, North Africa, International Energy Agency, World news, Infographics, Transpareny

As unrest continues to mount and conflict rages on in Libya, questions surrounding the North African nation's oil exports remain in the air. The international Energy Agency said in March 2011 that the country's oil production has "slowed to a trickle" as the fighting has prompted international companies to halt their operations and close ports. 

What does this mean for the countries that receive shares of Libya's typical daily output? Here's a breakdown of which ones depend most on the turbulent but oil-rich nation. 

A collaboration between GOOD and Column Five Media

Sources: The International Energy Agency, Reuters, U.S. Energy Information Administration, Wall Street Journal, The Economist

Infographic: Which Countries Are Most Reliant on Libya for Oil?

[GOOD]

Written by testudoetlepus

April 7th, 2011 at 3:53 pm

Posted in Change

Tagged with , , ,

Steven Quayle on Coast To Coast AM – Japan, Libya, Global Turmoil & The New World Order

without comments

P l a y l i s t

Tuesday April 5, 2011

| Gramercy Images |