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This ain’t your mama’s economy! February 1, 2014

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Stalin and Hitler didn’t do what America has done… April 22, 2012

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Americans associate lawlessness with unaccountable governments and view China’s government as unaccountable. However, Unz points out that it is the Bush/Obama Regime that has declared itself to be unaccountable to both US and international law. The problems facing American society is an unfortunate assumed definition of democracy.

The demise of the War Powers Act and the Geneva Conventions, and the asserted power of the executive to imprison without trial or charges or to assassinate any American whom the executive thinks might be a “national-security threat” are indicative of a total police state masquerading as an accountable democracy. In America six-year old little girls who misbehave in school are handcuffed, jailed, and charged with felonies. (see, 10 Disgusting Examples of Very Young School Children Being Arrested, Handcuffed and Brutalized By Police ). Not even Hitler and Stalin went this far.

Americans have lost control of the government, and governments that are not controlled by the people are not democracies. In America today, Social Security, Medicare, food stamps, and the entire social safety net are threatened by the vociferous desire for war profits by armament plutocrats and by financial institutions determined that ordinary citizens bear the cost of the banksters incompetence and fraud.

Unz’s comparison of how the Chinese media and government handled the melamine or infant formula scandal and how the American media and government handled Merck’s Vioxx scandal is especially damning. It was China’s controlled media and unaccountable government that punished the infant formula wrongdoers, while America’s free press and accountable government allowed Merck to walk.

Unz’s conclusion is that it is in America, not China, where life is regarded as cheap.

Ron Unz is an American hero, and a very courageous one. As George Orwell said, “In a time of universal deceit, telling the truth is a revolutionary act.”

It is an even more courageous act when no one wants to hear the truth. As Frantz Fanon said, “Sometimes people hold a core belief that is very strong. When they are presented with evidence that works against that belief, the new evidence cannot be accepted. It would create a feeling that is extremely uncomfortable, called cognitive dissonance. And because it is so important to protect the core belief, they will rationalize, ignore and even deny anything that doesn’t fit in with the core belief.”

Or as it is explained to Neo in the film, “The Matrix is a system, Neo. That system is our enemy. But when you’re inside, you look around, what do you see? Businessmen, teachers, lawyers, carpenters. The very minds of the people we are trying to save. But until we do, these people are still a part of that system, and that makes them our enemy. You have to understand, most of these people are not ready to be unplugged. And many of them are so inured, so hopelessly dependent on the system, that they will fight to protect it.”

Most of the people I know personally are not willing to be unplugged. I assume my readers are, so seize the opportunity to be further unplugged and read Ron Unz’s comparison of America and China. Then do what you can to unplug others. Be courageous and dare to be different, question authority show some independence in your ability to think.

John Maynard Keynes and “Keynesianism” economic WAR! September 13, 2011

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War was the economic stimulus of last resort when politicians were so confused in their understanding of economics that they would not allow the government to go into debt except for national emergencies. But Keynes said there are less destructive ways to get money into people’s pockets and stimulate the economy and I can’t say how right he was.(America: Losing the Empire)

Workers could be paid to dig ditches and fill them back up, and it would stimulate the economy. What a lagging economy needed was simply demand (available purchasing power).  Demand would then stimulate businesses to produce more “supply”, creating more jobs and driving productivity. The key was that demand (money to spend) must come first.

The Chinese have put workers to work building massive malls and apartment buildings, many of which are standing empty for lack of customers and purchasers. It may be a wasteful use of resources, but it has succeeded in putting wages in workers’ pockets, giving them the purchasing power to spend on products and services, stimulating economic growth; and unlike wasteful war spending, the Chinese approach has not involved death and destruction.

GET READY PEOPLE FOR,FINANCIAL TSUNAMI! February 23, 2010

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While people were being lulled into a false sense of security, prominent voices warning of the harsh bite of reality to come were, instead of being listened to, berated and pushed aside by the mainstream media. Gerald Celente, who accurately predicted the economic crisis of 2008 and who had been warning of a much larger crisis to come, had been accused by the mainstream media of pushing pessimism porn.[1] Celentes response has been that he isnt pushing pessimism porn, but that he refuses to push optimism opium of which the mainstream media does so outstandingly.

So, are these voices of criticism merely crying wolf or is it that the media is out to castigate Cassandra? Cassandra, in Greek mythology, was the daughter of King Priam and Queen Hecuba of Troy, who was granted by the God Apollo the gift of prophecy. She prophesied and warned the Trojans of the Trojan Horse, the death of Agamemnon and the destruction of Troy. When she warned the Trojans, they simply cast her aside as mad and did not heed her warnings.

While those who warn of a future economic crisis may not have been granted the gift of prophecy from Apollo, they certainly have the ability of comprehension.

So what do the Cassandras of the world have to say today? Should we listen?

Empire and Economics

To understand the global economic crisis, we must understand the global causes of the economic crisis. We must first determine how we got to the initial crisis, from there, we can critically assess how governments responded to the outbreak of the crisis, and thus, we can determine where we currently stand, and where we are likely headed.

Africa and much of the developing world was released from the socio-political-economic restraints of the European empires throughout the 1950s and into the 60s. Africans began to try to take their nations into their own hands. At the end of World War II, the United States was the greatest power in the world. It had command of the United Nations, the World Bank and the IMF, as well as setting up the NATO military alliance. The US dollar reigned supreme, and its value was tied to gold.

In 1954, Western European elites worked together to form an international think tank called the Bilderberg Group, which would seek to link the political economies of Western Europe and North America. Every year, roughly 130 of the most powerful people in academia, media, military, industry, banking, and politics would meet to debate and discuss key issues related to the expansion of Western hegemony over the world and the re-shaping of world order. They undertook, as one of their key agendas, the formation of the European Union and the Euro currency unit.

In 1971, Nixon abandoned the dollars link to gold, which meant that the dollar no longer had a fixed exchange rate, but would change according to the whims and choices of the Federal Reserve (the central bank of the United States).  One key individual that was responsible for this choice was the third highest official in the U.S. Treasury Department at the time, Paul Volcker.[2]

Volcker got his start as a staff economist at the New York Federal Reserve Bank in the early 50s. After five years there, David Rockefellers Chase Bank lured him away.[3] So in 1957, Volcker went to work at Chase, where Rockefeller recruited him as his special assistant on a congressional commission on money and credit in America and for help, later, on an advisory commission to the Treasury Department.[4] In the early 60s, Volcker went to work in the Treasury Department, and returned to Chase in 1965 as an aide to Rockefeller, this time as vice president dealing with international business. With Nixon entering the White House, Volcker got the third highest job in the Treasury Department. This put him at the center of the decision making process behind the dissolution of the Bretton Woods agreement by abandoning the dollars link to gold in 1971.

In 1973, David Rockefeller, the then-Chairman of Chase Manhattan Bank and President of the Council on Foreign Relations, created the Trilateral Commission, which sought to expand upon the Bilderberg Group. It was an international think tank, which would include elites from Western Europe, North America, and Japan, and was to align a trilateral political economic partnership between these regions. It was to further the interests and hegemony of the Western controlled world order.

That same year, the Petri-dish experiment of neoliberalism was undertaken in Chile. While a leftist government was coming to power in Chile, threatening the economic interests of not only David Rockefellers bank, but a number of American corporations, David Rockefeller set up meetings between Henry Kissinger, Nixons National Security Adviser, and a number of leading corporate industrialists. Kissinger in turn, set up meetings between these individuals and the CIA chief and Nixon himself. Within a short while, the CIA had begun an operation to topple the government of Chile.

On September 11, 1973, a Chilean General, with the help of the CIA, overthrew the government of Chile and installed a military dictatorship that killed thousands. The day following the coup, a plan for an economic restructuring of Chile was on the presidents desk. The economic advisers from the University of Chicago, where the ideas of Milton Freidman poured out, designed the restructuring of Chile along neoliberal lines.

Neoliberalism was thus born in violence.

In 1973, a global oil crisis hit the world. This was the result of the Yom Kippur War, which took place in the Middle East in 1973. However, much more covertly, it was an American strategem. Right when the US dropped the dollars peg to gold, the State Department had quietly begun pressuring Saudi Arabia and other OPEC nations to increase the price of oil. At the 1973 Bilderberg meeting, held six months before the oil price rises, a 400% increase in the price of oil was discussed. The discussion was over what to do with the large influx of what would come to be called petrodollars, the oil revenues of the OPEC nations.

Henry Kissinger worked behind the scenes in 1973 to ensure a war would take place in the Middle East, which happened in October. Then, the OPEC nations drastically increased the price of oil. Many newly industrializing nations of the developing world, free from the shackles of overt political and economic imperialism, suddenly faced a problem: oil is the lifeblood of an industrial society and it is imperative in the process of development and industrialization. If they were to continue to develop and industrialize, they would need the money to afford to do so.

Concurrently, the oil producing nations of the world were awash with petrodollars, bringing in record surpluses. However, to make a profit, the money would need to be invested. This is where the Western banking system came to the scene. With the loss of the dollars link to cold, the US currency could flow around the world at a much faster rate. The price of oil was tied to the price of the US dollar, and so oil was traded in US dollars. OPEC nations thus invested their oil money into Western banks, which in turn, would recycle that money by loaning it to the developing nations of the world in need of financing industrialization. It seemed like a win-win situation: the oil nations make money, invest it in the West, which loans it to the South, to be able to develop and build western societies.

However, all things do not end as fairy tales, especially when those in power are threatened. An industrialized and developed Global South (Latin America, Africa, and parts of Asia) would not be a good thing for the established Western elites. If they wanted to maintain their hegemony over the world, they must prevent the rise of potential rivals, especially in regions so rich in natural resources and the global supplies of energy.

It was at this time that the United States initiated talks with China. The opening of China was to be a Western project of expanding Western capital into China. China will be allowed to rise only so much as the West allows it. The Chinese elite were happy to oblige with the prospect of their own growth in political and economic power. India and Brazil also followed suit, but to a smaller degree than that of China. China and India were to brought within the framework of the Trilateral partnership, and in time, both China and India would have officials attending meetings of the Trilateral Commission.

So money flowed around the world, primarily in the form of the US dollar. Foreign central banks would buy US Treasuries (debts) as an investment, which would also show faith in the strength of the US dollar and economy. The hegemony of the US dollar reached around the world.

The Empire is lost as we once knew it, hold on to your worthless dollars and lets get out into the G-Damn streets with them, STANDUP!!! iT’S TIME…as andrew gavin would say.

Bernanke and Paulsen Pimped America… December 22, 2008

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It Is So Stupid To Borrow US Dollar “Toilet Papers” For Trade Finance. 

There Can Be Only A Credit Crunch For Dollars If You Are Stupid Enough To Want To Be Paid And To Pay In Dollars.

Otherwise, There Is Only An Illusion Of A Global Credit Crunch.

This Is The Global Con Game By Bernanke, Paulson,. 

It may have made some sense, post-World War II to dollarise international trade when the so-called “Free World” was supposedly threatened by the “Communist Bloc” and the Imperial United States was offering “protection” in exchange for financial dominance.

The imperial design for financial dominance was the Bretton Woods dollar reserve currency scheme.

Since those days, the US has been abusing its financial power by the use of its greatest invention, the “toilet paper printing press” (now, the modern “electronic printing press”) to issue irredeemable fiat money.

Now the world is flooded with trillions of this toilet paper, namely US dollars.

The US Superpower is at the very precipice of the abyss and a wrong move will plunge it into the black-hole of financial Armageddon.

 The world will not face Armageddon, only the US. The rest of the world will suffer pain, deservedly so, for being so stupid in believing in the use of US toilet papers as money!

To avoid this catastrophe, Ben Bernanke and Paulson as directed by their Shadow Money-Lender masters have devised an insidious scheme. The ultimate con-game!

Basically, what they have done is to try to turn a weakness into perceived strength.

Let me explain.

Countries have been so used to trading in dollars that they cannot think otherwise. They continue to borrow dollars to finance their imports. Their corporations continue to borrow dollars to finance their business expansion. It is as if the world is addicted to dollars, as a drug addict is addicted to cocaine and or crack!

The world has been brainwashed into thinking that without the US toilet paper, their global economy would come to a grinding halt.

How stupid!

Yet this is exactly the state of mind of governments and central banks all over the world. China is a case in point: blind reliance on the US dollar. But fortunately, they have other strengths which will see them through this painful period.

Taking advantage of this temporary idiotic global mindset, the Fed and the US Treasury have deliberately triggered a credit crunch for US dollar denominated toilet papers. The major global banks are hoarding the toilet papers and with-holding cross-border financing of every kind.

There is an ocean of toilet paper (literally in the trillions) but there is now created, a deliberate shortage of these very same toilet papers.

But where is the money? There is no money. It is an illusion!

What a ridiculous contradiction. But that is the present reality. The Fed has stated that they will pump US$8.5 trillion to resolve the crisis! You have to give credit where credit is due. This is indeed a brilliant con-game and the whole world has fallen for it hook, line and sinker – almost the whole world! 

I refuse to accept this state of affairs.

Yet, the Nobel Laureates in economics have missed this stark reality by a thousand miles and are coming up with all kind of theories for the present global credit crunch of US toilet paper. Alternatively, it may be that as paid-scribes, they have been directed to spew economic nonsense to confuse other economists.

How was this illusion set up?

This happened when all of a sudden, and in total connivance, Brazil, Mexico, South Korea and Singapore got into the act by entering into swap facilities with the FED, each requesting a hefty US$35 Billion to “overcome their liquidity problems.” These countries could not get enough toilet papers! Wow!

Even the great magician Houdini would not have come up with this grand illusion of shortage in currency when there is an ocean of funny money. But it is an illusion and a stupid one at that.

So now, Bernanke and Paulson is advertising to the whole world, that they are prepared to do anything and use all financial weapons, including financial nuclear weapons to defeat the crisis.

For those countries that are short of toilet papers, the US will be the global guarantor and will be willing to lend trillions of toilet papers to help them weather the financial crisis and the credit crunch. How generous of the FED and the US Treasury. But there is a catch.

The catch being – countries must continue to use the worthless toilet papers in global trade.

In one masterful stroke, the US has created an artificial demand for dollars thereby rescuing in the short term the plunging value of the dollar.

Since the global banks are not willing to lend and are insolvent, the mighty FED, the nasty and abhorrent creation of the global Shadow Money-Lenders, will be the lender of last resort to the whole world. It will be business as usual. That is what they hope. This is their final gambit. The last magic show!

And as I have written earlier, this is the OBAMA’s GAMBLE!

Countries need not trade in dollars, as after all, they are not even BUYING “MADE IN AMERICA GOODS”. AMERICA IS A NET IMPORTER, NOT EXPORTER.

So central banks of the world, especially the Third World, and the emerging powers of China and Russia: you have no need for US toilet papers when you sell your national products to countries other than the US.

And in so far as the U.S. is concerned, why are you demanding to be paid in toilet papers? Why are you not demanding payment in your own currency?

China and Russia are at the present moment on the wrong course. They hold trillions of US dollar denominated debts but act as if they are at the mercy of the US, fearing that if they do anything unfavourable to US or cahllenge the hegemony of the greenback, there will be a massive slump in the value of the dollar.

But that is a given in any event. So why play a game that has been rigged in the favour of the global Shadow Money-Lenders.

There is no reason why Russia and China should be in a recession or experience slower growth. They are suffering from the present so-called credit crunch because they continue to manage their economies in dollar terms and in a dollar mindset.

The US is playing suicide poker and calling one last card. They have nothing on the table but toilet paper.

The US will collapse in a minute, if not sooner if China and Russia were to categorically call the US’s bluff and say:

1) Close down the derivative casino now!

2) Buy back all the toxic wastes which you have unloaded on the unsuspecting global economies with currencies of our choice!

3) Since the US is in debt, the US must now borrow in the currencies of our choice to repay past debts and new loans!

Failure to comply will result in a credit crunch to US banks and companies. US can continue to use domestically their worthless toilet papers (to wipe the shit off the ceiling fans, if there are any left hanging from the ceilings) but there will be no more credit in toilet papers. Period. There will be loans only in other currencies.

This is the checkmate. .

So China and Russia should wake up and do what is necessary to save their economies as well as the global economy or their economies will end up in the shit hole as they are now playing the US / UK rigged game.

I am not surprised at the present state of mind of Chinese and Russian bankers. They have sent some of their best brains to be trained in Harvard etc., and by the fraudsters in Goldman Sachs, JP Morgan Chase, Merrill Lynch, Citigroup etc. They have all been infected with the Ponzi disease and as such cannot think otherwise. Otherwise, how do you explain their mental paralysis?

This is a simple financial puzzle.

There is no credit crunch. There is only a false or an illusion of credit crunch for US toilet papers.

Once there is no demand for dollars, there will be no credit crunch for dollars. The Shadow Money-Lenders con-game will be exposed for what it is – a giant fraud. Not unlike that of Bernard Madoff, only a thousand times more insidious and toxic.

I hope that I have made myself absolutely clear to the financial officials in Russia and China.

If China and Russia and the third world continue to stand pat, these economies deserve to be in the dog house.

Bernanke and Paulson are going to destroy the US and the global economy so as to fulfil the grand design of the Shadow Money-Lenders. Stop them before it is too late.

The Count-down has started!

Africa! Is it The next Iraq? November 18, 2008

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 As the dynamics of world trade resuscitates  considerable interest in the discovery of oil in Africa, the United States government has reasserted its interest in and quest for  control over  what it claims to be the most powerful and useful resource in the world. The United States has already put the wheels in motion for war with Africa since the recent discovery of oil.  Currently, there is fighting going on with Zimbabwein rebels against US corporations over oil, because Zimbabwe refuses to do business with the US— there is a lack of trust in the US when it comes to honesty and integrity over oil in this Bushit administration.  There is more oil in western Africa than in all of the Persian Gulf.  The U.S. has stationed ships off the west coast of Africa to establish a military presence, signifying the financial interest that America has as part of its strategic plan for piracy and tactical overthrow, which is what the U.S. has been conjugating for a long time, dating back to when the real “Tricky Dick” Cheney was Chairman and CEO of Haliburton.   To illustrate the basis for these statements…  (1) United States national energy policy according to a report from Vice President (Tricky Dick) Richard Cheney confirms that Africa would be the fastest growing oil source for the United States; (2) In February 2002, Walter Kansteiner, Assistant Secretary of State for African affairs stated “African oil has become an appealing national strategy for the United States”. 

   In 2003, according to United States security analyst Michael Klare, there were several warnings given concerning Washington’s potential implication on the African continent with regards to where the next oil conflict will be after Iraq.  Of course, if America selects another oil family as they’ve done in the past with other oil magnates, this is surely without doubt a clear cut sign. Bush and Clinton politics of war will be fought on the shores of Africa which would then involve China as a major component…  This is the only interest the United States has in being in Africa.  The United States has been there for nearly seventy five years on what Americans call peacekeeping missions, but Africans are dying of hunger and disease in the same record numbers today as they have in the past, all under the watchful eye of United States

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