Saturday, March 31, 2012

Billionaire Hugo Salinas Price - World May Go Down in Flames

Today multi-billionaire Hugo Salinas Price told King World News a complete catastrophe is unfolding in Europe. He also called Fed Chairman Bernanke “a vampire” and urged people to hold gold and silver because they will be the last things standing. But first, Salinas Price warned about the serious dangers we are facing: “I think that unless we see legislation, somewhere, that is rational and recognizes that gold and silver are really different forms of money, and that this whole scheme of paper is unworkable, then the world is going to go down in flames. The only thing that would last will be people’s savings of gold and silver.”

Hugo Salinas Price continues:
But what kind of a world that will be? I think it will be a very nasty world. In spite of having gold and silver, that may not be enough to save you. They’re good things to have, but what we actually need to do is save our civilization and not go down in flames.


I think the first thing to do would be to insert silver coins into the monetary system. That would be a healthy thing to do. I was very happy to see Ron Paul pull out a silver coin. To me it’s like he was facing the vampire Ben Bernanke with a silver coin, instead of a silver bullet.”


Hugo also issued this warning regarding Europe: “I was thinking this problem in Europe is going to eventually have to be felt here....
“I don’t think we can be isolated from such an enormous problem as Europe foundering. The great French economist Jacques Rueff, back in 1950, when the idea of a closer union of European nations was being studied, he said, ‘Europe will be built upon a gold coin or it will not be built.’


In other words he knew perfectly well the relations between the European nations could find a satisfactory basis for mutual cooperation and growth only through gold. That message of his was not heeded.


Now we are seeing that the result is a complete catastrophe in Europe. It’s going to be very grim. I don’t really know what they are going to do at this point. They are going into a terrible depression. That is what they have right now and I think it’s going to get worse.


What happened to European society when the gold standard was abandoned was the same thing that happened to the United States. Their industry has been undermined by accepting imports which can be paid for with euros, instead of with exports.


It used to be that all trade was paid. Exports paid for imports. If you didn’t export, you couldn’t import. A country that wanted to sell had to buy at the same time.


The Chinese have not been doing that as the Southeast Asians have accumulated enormous reserves of dollars because they could sell without purchasing. That is the root of the world imbalances in trade which are leading to such conflicts.


Now we are going to have protectionism. I think we are going to see a rise of protectionism in Europe, maybe even between the different countries. Sarkozy seems to be waffling if you noticed statements recently.


He wants to protect the French. Well, that doesn’t go with the plan of the original project, does it? They are reverting back to protectionism. I don’t know how, out of these ruins, Europe is going to rebuild.”

Friday, March 30, 2012

Imminent Televised Event: Mass Arrests of 10,000 Global Cabal Members - 2012

An Aging, Bankrupt Empire

The U.S. government has created borders within the country’s borders at every airport in the country. Technologies abound in ticketing and check-in on one side of the border while commerce thrives on the other. In between is a massive government apparatus requiring that shoes be kicked off, laptops be unpacked, and less than 3.1 ounces of liquid be carried in any one container. The only technology in sight is the offensive porno scanners. And for those that refuse scanning, a brutish pat-down is administered.

These Transportation Security Agency (TSA) borders are guarded by 58,401 bureaucrats in blue, at a cost this year of $8.1 billion. The taxpayers must not spare any expense in convincing themselves that the government is making us safe.

The arbitrariness of rules at borders is brought to mind in the opening pages of Charles Goyette’s sobering new book Red and Blue and Broke All Over: Restoring America’s Free Economy. Viewing borders from the air, one can hardly tell where they are, these imaginary lines drawn by governments. However, while the terrain on either side of a border may be identical, satellite imagining provides a stark contrast of neighboring countries where capitalism operates on one side of a border while socialism reigns on the other.

The native culture and language may be identical, but roads that are paved on the capitalist side, turn to dirt on the socialist side. While lights burn brightly in the capitalist night, those living under socialism are shrouded in darkness.

Within its borders, America once provided an example to the world of what free markets and sound money can provide. But as Goyette painstaking points out, those days are over. Today’s America is but an aging bankrupt empire. Not so different than the last days of Rome. Its armies spread thin throughout the world. Its treasure wasted long ago, government finances are in shambles, and it can only pay its promises with money it creates from nowhere.

April 1st America Will Have The Highest Corporate Tax In The World

Come Sunday, America finally has something to crow about in its economic war with China and Japan: It will have the highest jobs-killing corporate tax rate in the industrialized world.

No, it’s not an April Fool’s joke. When Japan officially slashes its rate to 36.8 percent Sunday, America’s will be tops at 39.2 percent.

President Obama has proposed a rate of 28 percent, but Republicans charge that it comes with $350 billion in new, off-setting taxes. The GOP is pushing for a cut to 25 percent, but the election year is getting in the way of any deal.

The Business Roundtable has been pushing for a clean cut in corporate tax rates, claiming it would spur job growth and industrial reinvestment. They even cite a recent move by England to cut their tax rates from 28 percent to 22 percent, which officials called “an advertisement for investment and jobs in Britain.”

Tita Freeman of the Business Roundtable told Secrets, “Comprehensive tax reform is an imperative for the U.S. if we are going to remain a leader in the worldwide economy.”

Sen. John Barrasso, R-Wyo., chairman of the Senate Republican Policy Committee, has also been pressing for action on the tax rate. “Even Russia, at 20 percent, and China, at 25 percent, have lower rates than America does. The difference in tax rates means American companies are trying to compete with one hand tied behind their backs,” he said.

Thursday, March 29, 2012

Why you need a second passport

March 29, 2012
Santiago, Chile

It wasn’t too long ago that nearly every human being lived their entire lives without traveling more than 10-miles from home. For the small handful of people who actually did venture out, you could make it across the globe with no official documents whatsoever.

This began to change rapidly in the 1920s. The newly formed League of Nations began meddling in the business of international travel and worked to standardize an international identification document that would be required by travelers to cross most borders.

The ominous phrase, “Papers, please”, was born from this standardization.

These days, international travel is big business for governments. Think about all the massive bureaucracies that have been created as a result of national borders: Immigration checkpoints. Customs. Border patrol. Passport offices. Even the IRS is involved in passport application procedures.

As much as it would be nice to go back to the days when people were free to criss-cross the world without such inconveniences and indignities, this just isn’t going to happen. So since we can’t go back to a zero passport world, the next best solution is a multiple passport world.

Let me explain.

Nearly everyone on the planet becomes a citizen of some country at birth… either due to the citizenship of their parents or the country that they were born in. Most people live their entire lives with this sole citizenship, and usually reside in the same country.

In a way, this is akin to having all of your eggs in one basket– living, working, banking, etc. in the same country of your citizenship. And history is full of colorful examples of those baskets breaking… from economic hardship to social turmoil to natural disaster to all-out genocide.

Ultimately, the concept of having multiple citizenships is about having more baskets… and spreading your eggs around. It means having more flexibility, no longer being constrained by the limitations of a single country. For example:

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Wednesday, March 28, 2012

March 31: Operation Global Blackout: Hackers Intend to Shut Down the Internet by Disabling Core DNS Servers

The hacking group known as Anonymous intends to attack the core servers that control the routing of all internet traffic. DNS, or Domain Name Servers, are a critical backbone of the web and make it possible for internet surfers to reach web site destinations by typing in a domain name in their browsers. Once a particular web site is requested, a query is sent to a domain name server, which then redirects that web address to a specific IP address on the web. Without these servers, access to web sites through traditional means (typing in a ‘dot com’) becomes impossible, because there is no way to direct the traffic to the appropriate web site destination.

According to a statement released by Anonymous, it is these servers that will come under fire on Saturday, March 31.

Anonymous says they do not intend to ‘kill’ the internet completely, but rather, the end game of Operation Blackout 2012 is a temporary take down of the internet where “it hurts most.” According to the group, the operation is being carried out to:

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Funding Government by the Minute

10 Reasons Why The Reign Of The Dollar As The World Reserve Currency Is About To Come To An End

The following are 10 reasons why the reign of the dollar as the world reserve currency is about to come to an end....
#1 China And Japan Are Dumping the U.S. Dollar In Bilateral Trade
A few months ago, the second largest economy on earth (China) and the third largest economy on earth (Japan) struck a deal which will promote the use of their own currencies (rather than the U.S. dollar) when trading with each other.  This was an incredibly important agreement that was virtually totally ignored by the U.S. media.  The following is from a BBC report about that agreement....
China and Japan have unveiled plans to promote direct exchange of their currencies in a bid to cut costs for companies and boost bilateral trade.
The deal will allow firms to convert the Chinese and Japanese currencies directly into each other.
Currently businesses in both countries need to buy US dollars before converting them into the desired currency, adding extra costs.
#2 The BRICS (Brazil, Russia, India, China, South Africa) Plan To Start Using Their Own Currencies When Trading With Each Other
The BRICS continue to flex their muscles.  A new agreement will promote the use of their own national currencies when trading with each other rather than the U.S. dollar.  The following is from a news source in India....
The five major emerging economies of BRICS -- Brazil, Russia, India, China and South Africa -- are set to inject greater economic momentum into their grouping by signing two pacts for promoting intra-BRICS trade at the fourth summit of their leaders here Thursday.
The two agreements that will enable credit facility in local currency for businesses of BRICS countries will be signed in the presence of the leaders of the five countries, Sudhir Vyas, secretary (economic relations) in the external affairs ministry, told reporters here.
The pacts are expected to scale up intra-BRICS trade which has been growing at the rate of 28 percent over the last few years, but at $230 billion, remains much below the potential of the five economic powerhouses.
#3 The Russia/China Currency Agreement
Russia and China have been using their own national currencies when trading with each other for more than a year now.  Leaders from both Russia and China have been strongly advocating for a new global reserve currency for several years, and both nations seem determined to break the power that the U.S. dollar has over international trade.
#4 The Growing Use Of Chinese Currency In Africa
Who do you think is Africa's biggest trading partner?
It isn't the United States.
In 2009, China became Africa's biggest trading partner, and China is now aggressively seeking to expand the use of Chinese currency on that continent.
A report from Africa’s largest bank, Standard Bank, recently stated the following....
“We expect at least $100 billion (about R768 billion) in Sino-African trade – more than the total bilateral trade between China and Africa in 2010 – to be settled in the renminbi by 2015.”
China seems absolutely determined to change the way that international trade is done.  At this point, approximately 70,000 Chinese companies are using Chinese currency in cross-border transactions.
#5 The China/United Arab Emirates Deal
China and the United Arab Emirates have agreed to ditch the U.S. dollar and use their own currencies in oil transactions with each other.
The UAE is a fairly small player, but this is definitely a threat to the petrodollar system.  What will happen to the petrodollar if other oil producing countries in the Middle East follow suit?
#6 Iran
Iran has been one of the most aggressive nations when it comes to moving away from the U.S. dollar in international trade.  For example, it has been reported that India will begin to use gold to buy oil from Iran.
Tensions between the U.S. and Iran are not likely to go away any time soon, and Iran is likely to continue to do what it can to inflict pain on the United States in the financial world.
#7 The China/Saudi Arabia Relationship
Who imports the most oil from Saudi Arabia?
It is not the United States.
Rather, it is China.
As I wrote about the other day, China imported 1.39 million barrels of oil per day from Saudi Arabia in February, which was a 39 percent increase from one year earlier.
Saudi Arabia and China have teamed up to construct a massive new oil refinery in Saudi Arabia, and leaders from both nations have been working to aggressively expand trade between the two nations.
So how long is Saudi Arabia going to stick with the petrodollar if China is their most important customer?
That is a very important question.
#8 The United Nations Has Been Pushing For A New World Reserve Currency
The United Nations has been issuing reports that openly call for an alternative to the U.S. dollar as the reserve currency of the world.
In particular, one UN report envisions "a new global reserve system" in which the U.S. no longer has dominance....
"A new global reserve system could be created, one that no longer relies on the United States dollar as the single major reserve currency."
#9 The IMF Has Been Pushing For A New World Reserve Currency
The International Monetary Fund has also published a series of reports calling for the U.S. dollar to be replaced as the reserve currency of the world.
In particular, one IMF paper entitled "Reserve Accumulation and International Monetary Stability" that was published a while back actually proposed that a future global currency be named the "Bancor" and that a future global central bank could be put in charge of issuing it....
"A global currency, bancor, issued by a global central bank (see Supplement 1, section V) would be designed as a stable store of value that is not tied exclusively to the conditions of any particular economy. As trade and finance continue to grow rapidly and global integration increases, the importance of this broader perspective is expected to continue growing."
#10 Most Of The Rest Of The World Hates The United States
Global sentiment toward the United States has dramatically shifted, and this should not be underestimated.
Decades ago, we were one of the most loved nations on earth.
Now we are one of the most hated.
If you doubt this, just do some international traveling.
Even in Europe (where we are supposed to have friends), Americans are treated like dirt.  Many American travelers have resorted to wearing Canadian pins so that they will not be treated like garbage while traveling over there.
If the rest of the world still loved us, they would probably be glad to continue using the U.S. dollar.  But because we are now so unpopular, that gives other nations even more incentive to dump the dollar in international trade.
So what will happen if the reign of the U.S. dollar as the world reserve currency comes to an end?
Well, some of the potential effects were described in a recent article by Michael Payne....

Tuesday, March 27, 2012

ROBERT SHILLER: Suburban Home Prices Will Not Rebound In Our Lifetime

Many young people are choosing to live at home for a longer period of time instead of buying. Moreover, would-be homebuyers are settling into modern apartments and condominiums, further hindering a housing rally. Shiller says the shift toward renting and city living could mean “that we will never in our lifetime see a rebound in these prices in the suburbs.”A perpetually sluggish housing market, which Shiller believes has become “more and more political,” might push the country in a “Japan-like slump that will go on for years and years.”
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Cashless Society Is Totalitarian Dream

Cashless Society Is Totalitarian Dream
In a recent Slate article, the author asks the question, “Would the United States save money by switching to a cashless economy?”
Reading the replies alone is more revealing than the contrived article, which seeks to condition the population for an ongoing attempt at a transition away from cash.
One reader asks, “Will the tooth fairy leave a debit card under the child’s pillow?”
The social implications of relinquishing the last vestige of liberty, personal control over one’s labor, as represented by one’s paycheck, are grave and manifold.
Already, as it stands today, the vast majority of transactions are denominated in currency, a system set up to allow an infinite number of other currency units to be counterfeited and handed to (banks) connected institutions.
The Swedish public, who pay for the public bus system, can no longer ride a bus unless they pay electronically. This means location tracking.
In Finland, merchants have to pay to make cash deposits, and banks charge customers for cash withdrawals.
In Turkey, the banking regulator will soon roll out a plan to pay interest on gold on deposit. Clearly gold and silver are money, but as Slate points out, so is zinc. The penny and the nickel are mostly zinc, and are finally worth more than the face value. This means that these coins are worth more than paper or electronic 1’s and 0’s.
I don’t know about you, but I want my money to grow in value, and we measure value in the terms of what our can purchase.
So what is common between a 70-year old housewife from Istanbul, Turkey and famed hedge fund manager Kyle Bass of Dallas, Texas?
Here is what the housewife said about the plan to give your gold to banks: "I'm keen to save, so keeping gold at home is easy for me; there is no complicated procedure," she said. "In an emergency, I can convert it to cash, and I don't have to wait for the bank to say the asset has matured."
Sound familiar? Just as silver can be converted to any other paper or digital currency in an emergency, exchange also can take place with the coins themselves. Storing wealth in a tangible manner, such as owning physical gold and silver, gives ultimate flexibility and choice—and doesn’t depend on the security of an electricity grid.
As for Kyle Bass, he bought 20 million nickels, exchanging 1 million dollars in digital money for the real thing. Now that the zinc coin buys 6.8-7 cents worth of goods, those who hold onto real money, like the housewife, are positioned to protect their wealth.

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Danish Host Mocks Obama

Monday, March 26, 2012

The U.S. Prison-Cell Economy

Every month, the U.S. propaganda machine plays the same game in the housing sector. It announces “new home starts”. Then a few days later it announces “new home sales”. But it never, ever, ever talks about the two numbers in the same news item.
There is a very good reason for this: the two numbers have absolutely no connection in the real world. Month after month the U.S. government announces new home sales bouncing around a little above 300,000 units.
However, month after month, year after year; the same propaganda machine announces new home starts at 500,000 or 600,000, and now 700,000 units per month.
In other words, every month, year after year; the U.S. government announces that its home-builders have commenced construction on roughly twice as many units as they sell. This alone is proof of some massive deceit taking place. Obviously no business which builds double what it sells can remain in business. However this is only the beginning of the fraud with these statistics. It gets really interesting when we look at what the U.S. government is also saying about the inventories of new homes.
So here is the question the propaganda machine will never answer: how can U.S. home-builders be constructing twice as many homes as they sell every month, while (supposedly) inventories have plummeted lower? The answer is that there is no answer. Obviously if U.S. home-builders are building more “homes” than they sell every month then inventories can only go higher and higher.
Before the collapse of the U.S. real estate market (after the made-in-Wall Street “bubble” burst), the U.S. propaganda machine could have argued that a significant portion of this massive statistical discrepancy might have been explained by self-owned units, i.e. (small) home-builders building units for themselves (and thus they didn’t need to sell those units to anyone). However, at that time U.S. house prices were sky-high; but building material costs were relatively low. It made sense for people to build their own homes.
Today, that explanation cannot possibly account for more than a trivial portion of these phantom housing starts. Building material costs are relatively high, while house prices have collapsed. Even with the temporary lull in foreclosures, still a full third of all U.S. home sales are “distressed sales” – where buyers can purchase units at substantial discounts. It makes no sense at all to build your own home, when buyers can purchase a house for less than the cost of the land and building materials (and avoid the free labour).
We know that we are not being told the truth here. The question is how are we being lied to? The most obvious answer is that the “new home starts” statistic is just another U.S. fantasy-number, conjured out of thin air, and with no connection to the real world – just like the monthly U.S. jobs reports. However that explanation will not suffice.
Here’s the problem. With sales of new homes having plummeted by more than two-thirds (and stayed at that bottom), and with the housing-crash having been especially precipitous, this directly implies that 2/3 of all U.S. home-builders should have been forced into bankruptcy.
Yet while some smaller, regional home-builders have declared bankruptcy; none of the large, national builders have been forced out of business. They build 100’s of thousands more units than they sell – every month – and yet somehow manage to stay in business.
What if there was an easy/obvious explanation for this “somehow”? What if the two-party dictatorship which runs the U.S. had been told by their Oligarch masters to turn the U.S. economy into a prison-cell economy?
Suddenly there is a way for all of these apparently contradictory numbers to make sense. What are the only “housing units” which a home-builder could build (and get paid for) without having to make a sale after construction was complete? Prison cells. This explanation accounts for how home-builders could build 100’s of thousands of units more than they sell each month (while inventories declined). It explains how these home-builders could have avoided bankruptcy, despite losing more than 2/3 of their market.
Moreover, we have evidence all around us that the U.S. government has willingly chosen the Dickensian “social policy” of warehousing millions of their own people in prisons. Indeed, CNN’s Fareed Zakaria just referred to the U.S. as the “Incarceration Nation”.
The U.S. incarcerates about nearly six times as many people (760 per 100,000) as it's northern neighbour, Canada (131 per 100,000). It imprisons five times as many people as the UK, more than seven times as many as France, more than eight times as many as Germany, and more than twelve times as many as Japan.

Richard Russell - Gold & Silver Being Bought Up By Billionaires

With gold remaining in a trading range below the $1,700 level, the Godfather of newsletter writers, Richard Russell, had this to say about what is happening with regards to gold, silver, stocks, inflation and the Fed: “Technically, both the US and Europe are dead broke, and their GDPs would have to run wild on the upside to make the debt to GDP ratio more acceptable. How will it all end? It will end with the central banks churning out junk fiat inflation-adjusted money in order to service the debts. Meanwhile, the precious metals and other tangibles are being bought up by millionaires and billionaires as they await their turns to feast on the remnants.”
“The fact is that the Fed is happy with 2% inflation each and every year. Compound 2% inflation year after year, and you know what's happening? -- you've effectively wiped out the middle class. Between inflation, stagnant wages, higher taxes, and no jobs, the middle class has hit the brick wall like a fresh egg hitting the trunk of a redwood tree.


Why are you fearful, oh ye of little faith?” asked Jesus. And the answer is that I've been fearful all my life. It's probably a result or a reaction from growing up during the Great Depression and having my wits scared out of me during my stint in World War II. Today's young ones are fearful because they can't find jobs. Stop worrying, guys and gals, believe me it could be worse.

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Doug Casey:

"It's a Dead-Man-Walking Economy"
Doug:The Obama administration, just like the Baby Bush administration before it – there really is no great difference between the Evil Party and the Stupid Party – and its minions in the US and its cronies around the world, stubbornly stick to the bankrupt idea that economic growth is driven by consumption. This is confusing cause and effect. Healthy consumption follows profitable production in excess of consumption, resulting in savings – accumulated capital – that can either be spent without harm or invested in future growth.
Consumption doesn't cause an economy to grow at all. To paraphrase: "It's productivity that creates wealth, stupid!"
Doug: Perhaps, but let's take a closer look. I advocate the Greek government defaulting, overtly and immediately, on 100% of its debt, for several reasons. First, it would punish those who lent it money to do all the stupid and destructive things it's done. Second, it would ensure that the Greek government wouldn't be able to borrow again for a very long time. Third, it would liberate young and yet unborn Greeks, who are being turned into serfs by all that debt. It would also mean that most European banks would fail. Tough luck for those who relied on them. When new banks are established, it will serve as a lesson to people to be more careful about where they put their capital.
Anyway, it would be much less of a catastrophe than the way we're currently heading.
Here in the US, the twelve-month fiscal deficit is still over $1.2 trillion, an extreme situation that is gutting the value of the dollar, because it's mostly financed by the Fed buying US debt. It's temporarily expanded the eye of the storm we're in, but it's done nothing to dissipate the storm itself. Their easy-money policies may have bought them a little more time, but they will only make it worse when we do exit the eye of the storm.
There's a third definition of a depression that I use: a depression is the end phenomenon of an inflation-caused business cycle. Inflation is the sole cause of business cycles, and inflation is caused by governments and their central banks printing money. The government – the state – is 100% responsible for society's economic problems. But it arrogantly represents itself as the cure. And people believe it. There's no hope until the psychology of the average person changes.

Saturday, March 24, 2012

This Will Scare You To Death

If this doesn't scare the shit out of you - and scare you out of paper dollars and into real assets like gold and silver - then you are either brain dead or you just don't care anymore.

Tim Geithner (along with Bernanke) was testifying before the House Committee on Government Oversight and Reform yesterday. Congressman Trey Gowdy (R-SC) - in a display of forcing Geithner to answer a question directly that Ron Paul should take notes on - asked Geithner if he had only ONE more debt increase request that could possibly be made, how big would it be.

After trying to shuffle - very awkwardly, I might add - around answering the question, Geithner responded with, "It would be a lot - it would make you uncomfortable." Here's the exchange, which I found spine-chilling:

Geithner: “That I’d have to get to you in writing, I can’t do it in my head though.” (note: in the background someone says "he can't put that in writing.")
Gowdy: “How about a round number?”
Geithner: “No idea….
Gowdy: “$20 trillion?”
Geithner: “I just can’t do it in my head.”
Gowdy: “$50 trillion?”
Geithner: “I don’t know..."
Gowdy: “A lot? Can we agree it would be a lot?”
Geithner: “It would be a lot. It would make you uncomfortable.”

Let that sink in for a moment. Please note that Geithner did not try to dispute the $20/$50 trillion number that Congressman Gowdy threw out. Here's the 3 minute video of the exchange, which I sourced from Ed Steer's Gold and Silver Daily:
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UNITED NATIONS: "Your health, your property, your food, your kids, your money, your thoughts..BELONGS TO US

The fact that the world is being restructured from decentralized diversity to collectivized hierarchy by an authoritarian regime cloaked in green trappings can hardly be disputed.

The final push toward the next and perhaps final phase may be announced this June at the 2012 U.N. Conference on Sustainable Development in Rio de Janeiro, Brazil.

A Scientific American
editorial by Gary Stix highlights a policy article written by several dozen scientists that appeared online March 15 in the journal Science.

The conclusions reached by the scientists, as well as the editorial from a staff member of Scientific American are incredibly unscientific and fly in the face of the
many thousands of independent scientists and researchers who have refuted the theory of man-made global warming.  Regardless, this small group pushes ahead with their suggestions that the only way to combat such a global catastrophe is of course to solve it through global government.  And not just any global government, but one that Scientific American suggests should be "heavy-handed (in its) transnational enforcement powers."

The policy paper entitled, "Navigating the Anthropocene: Improving Earth System Governance" is one of the most blatantly authoritarian among the incrementally more open policy papers that we are witnessing, as global governance continues on its runaway path in the name of saving humanity from itself.
Opening with a summary, the conclusions and solutions are clear:

Science assessments indicate that human activities are moving several of Earth's sub-systems outside the range of natural variability typical for the previous 500,000 years (1, 2). Human societies must now change course and steer away from critical tipping points in the Earth system that might lead to rapid and irreversible change (3). This requires fundamental reorientation and restructuring of national and international institutions toward more effective Earth system governance and planetary stewardship. (Source)
The full text of the article is available for a fee which we paid for access, and we can tell you that it is centered around the "Building Blocks" that form the foundation for the edifice of a one-world government.  These building blocks have been repeated throughout globalist literature, so this is nothing necessarily new, but the fact that they fall within the context of at best a hotly disputed assertion that humans are to blame for catastrophically altering their environment -- namely through climate change -- indicates that their agenda must move forward, factually based or not. (All section titles are paraphrased.)

Thursday, March 22, 2012

What is President Obama so afraid of?

Quietly, and with little fanfare, President Obama signed a “National Defense Resources Preparedness” Executive Order on Friday. As the name suggests, the order intends to shore up the country’s national defense resources in advance of a national emergency.

To be fair, this is not the first time that such an order has been written. Presidents Bush (II), Clinton, Reagan, and even Eisenhower provided directives in the same spirit as President Obama’s order– providing some level of government commandeering in times of national emergency.

In the past, these orders have related to things like production capacity for defense contractors, or giving FEMA authority to resolve disputes between other departments in federally designated emergency areas.

President Obama’s order, however, takes things much, much further.

(1) The order vastly expands the role of Homeland Security… as if these knuckleheads didn’t already have too much influence in people’s lives. Apparently highways, shopping malls, airports, bus stations, Wal-Marts, hotels, train stations, etc. aren’t enough for DHS. Now the Secretary of DHS will:

a) “advise the President on issues of national defense resource preparedness”.

This one is really clear. Under normal circumstances, matters related to defense would fall under the Secretary of Defense… or perhaps the National Security Advisor. Giving such responsibility to DHS suggests that the government is expecting an emergency from within.

b) “provide for the central coordination of the plans and programs… under this order, and provide guidance to agencies assigned functions under this order…”

DHS now has authority to direct the emergency preparedness of every other government department. The Secretary of Homeland Security has effectively become the Emergency Czar.

c) have oversight of “all other national defense programs, including civil defense and continuity of Government.”

In case it wasn’t clear before, the people who molest children and radiate travelers will have total and complete control in some event defined as a national emergency in the sole discretion of the President.

(2) The order further provides for an effective nationalization of the entire US economy in the event of an emergency.

The Secretary of Labor, for example, will “collect and maintain data necessary to make a continuing appraisal of the Nation’s workforce needs for purposes of national defense” and then “formulate plans, programs, and policies for meeting the labor requirements of actions to be taken for national defense purposes.”

In other words, the Labor Department becomes the Ministry of Plenty, and all the good little citizens will be forcibly reallocated to other jobs. This turned out really well for the Soviets.

(3) The purpose of this order, for example, is to “take actions necessary to ensure the availability of adequate resources and production capability, including services and critical technology, for national defense requirements;”

It goes on to list ‘adequate resources’ to include things like:

(i) “all forms of energy including petroleum, gas (both natural and manufactured), electricity, solid fuels… solar, wind, other types of renewable energy, atomic energy”, etc.

(ii) “all usable water, from all sources, within the jurisdiction of the United States, that can be managed, controlled, and allocated to meet emergency requirements…”

(iii) “all commodities and products… that are capable of being ingested by either human beings or animals…”

(iv) “drugs, biological products, medical devices, materials, facilities, health supplies, services and equipment required to diagnose, mitigate or prevent the impairment of, improve, treat, cure, or restore the physical or mental health conditions of the population.”

Hmmmm. Food. Water. Energy. Medicine. Security. All the stuff that human beings need at a basic level to survive. Except that Obama’s executive order puts all of these resources under control of the government and allocates them exclusively to meet the needs of government.

In this capacity, we are all merely subordinates to the interests of the state… and it should be absolutely clear at this point where normal people stand in the grand pecking order: Citizens are resources to be exploited and sacrificed in order to ensure the continuity of government.

In the event of some catastrophe, you will be stripped of basic resources so that the government can survive. A free society cannot exist under a system in which the state exercises such control… or has the authority to exercise such control.

Taken in conjunction with the NSA’s new Utah spy center (which will collect and archive the complete contents of every email, tweet, Facebook post, Google search, phone call, and text message) and the National Defense Authorization Act, it’s clear that the Obama administration is expecting trouble from within.

And with good reason. By every possible calculation (except flat-out fraud), the US government is completely insolvent, and its balance sheet is growing worse by the day. The dollar is beginning to be seriously challenged as the global reserve standard, and every effort politicians make to ‘fix’ the economy only makes things worse.

As a matter of convenience, people are willing to deal with a lot of pain. They’ll suffer through wars, recessions, and all sorts of national unpleasantness. But the moment that rapidly decaying economics and shortages prevent people from being able to put food on the table for their families, they rise up. Just look at the Arab Spring.

This is all playing out with nearly perfect historical precision. Time and time again throughout history as once great empires accelerated their declines, governments have taken steps to protect their interests against the people.

In the past, they have imposed curfews, disarmed the population, curtailed civil liberties, and declared national emergencies, usually against some great faceless enemy from abroad who threatens their way of life.

As it turns out, though, our great faceless enemy is not some mythical boogeyman living in a cave, nor some angry brown person who hates us for our freedoms… but the very people within the system who’ve taken an oath to ‘support and defend the Constitution of the United States against all enemies, foreign and domestic.’

Have you hit your breaking point yet?

General Wesley Clark: Wars Were Planned - Seven Countries In Five Years

It’s All About Control

By Greg Hunter’s USAWatchdog.com  (Revised) Ever since the original Patriot Act was passed by Congress in 2001, American civil liberties have steadily shrunk and government control has steadily grown.  In a financial crisis, your bank or brokerage can severely restrict the amount of money you can withdraw from your accounts.  The government can now assassinate so-called terrorists anywhere in the world, including on U.S. soil.    Think Anwar al-Awlaki, the American-born radical Muslim cleric who was assassinated by a U.S. drone strike in September.
It can also indefinitely detain suspected terrorists without charge or due process, all thanks to the National Defense Authorization Act recently signed into law by the President.  The government can shut down a website anywhere in the world without due process, just ask Megaupload owner Kim Dotcom from New Zealand.  (Yes, that’s his real name.)
As of last Friday, President Obama has authorized the government to take just about whatever it needs in the name of national defense.   It is an Executive Order appropriately called “National Defense Resources Preparedness (NDRP).”  This allows members of Obama’s Cabinet to take resources such as livestock, water, fuel, farm equipment, vehicles, planes, boats, food and just about anything the government thinks it needs for “defense preparedness.”   I am just skimming the surface here as there are many more details in the order.  (Click here for the complete Executive Order — National Defense Resources Preparedness – NDRP.)  Many are calling this a setup for peacetime martial law.  After reading the Executive Order, I don’t see how anyone could disagree with this statement.
My question is why?  If all that happened was an extension of the Patriot Act in 2011, I might not worry that much (although, Congress basically traded liberty for so-called security.)   But when you look at several of the government’s big power grabbing moves, you can’t help but ask what are they getting ready for?  Is it a Middle East war that will probably turn into world war?  Is it another financial meltdown worse than the one in 2008?  Or, is it all of the above?
On the war question, I have written many posts that say war is a “when” not an “if” scenario.  Just last week, Israeli Prime Minister Benjamin Netanyahu said he did not need the approval of the U.S. to attack Iran.  Iran has said it has the right to strike first if it feels necessary.  Now, there are reports of Russian troops landing in Syria.  The U.N. calls this development a “bomb.”  The world hasn’t been this close to a global war since the late 1930’s.  War would plunge the world into a deep depression so fast that many could be wiped out financially literally overnight.
MORE AT HEADING ABOVE

Wednesday, March 21, 2012

Sheriff Joe: 'Tons' more shocking Obama info

“America’s toughest sheriff” says there is “tons” more potentially shocking information on Barack Obama in connection with his probe into the president’s eligibility, and he calls the media’s suppression of his findings of a likely forged presidential birth certificate and Selective Service Card “probably the biggest censorship blackout in the history of the United States.”
“I’m not going after the president to keep him off a ballot or anything else, but that could happen,” Arizona Sheriff Joe Arpaio said. “I’m going at it strictly as a law-enforcement guy investigating a possible forgery and fraud. I’m sticking with that, but I’ll tell you one thing. We got tons of other information that could be very shocking, too, but I’m sticking now with just the [forgery] investigation and possible criminal violations.”
The lawman from Maricopa County made the comments March 16 on a national radio show hosted by Roger Hedgecock. (Scroll down for video.)
Follow all the future developments in this story – sign up for WND’s email news alerts right now!
As WND reported March 1, Arpaio and his Cold Case Posse announced there is probable cause indicating the documents released by the White House last April purported to be Obama’s original, long-form birth certificate and Selective Service registration card are actually forgeries.
Read the preliminary findings of Sheriff Arpaio’s Cold Case Posse investigation.
He stressed on the radio show his original intent with the posse was to put to rest all the claims suggesting Obama was not meeting the constitutional requirements to hold the presidency.

Italy Gets A Big Brother Tax Collection. Is this Next For North Americans?

This is something out of an Orwellian science fiction movie.
uls rnb5wm4 Italy to launch Skynet tax collection system after 197% YoY borrowing increase
The Italian tax authorities are now field testing a new system called ‘redditometro’, a database that automatically collects and analyzes taxpayers’ tax data vs. spending data based on automated collection of credit card and banking information.
For example, if the credit card reports show that you have an expensive gym membership… or perhaps you bought too fancy of a mobile phone, then the system will flag you if your annual tax liability isn’t commensurate with such spending habits.
Big Brother would be proud.
Preliminary results showed that a full 20% of Italian taxpayers will be initially flagged, much to the delight of agency director Attilio Befera. According to Befera, “We have €120 billion of tax evasion, and to cope with this emergency, we need to take emergency measures…”
Naturally, the way to deal with fiscal urgency is to treat everyone like a suspect. Befera has dismissed criticism from privacy groups, wrapping himself up in a blanket of duty and righteousness–’desperate times call for desperate measures’ and all that nonsense.
It’s the same rationalization you see with these lowlife government agents who molest children at airports; they look in the mirror each morning and convince themselves that they’re keeping the country safe from criminal terrorists. Their mission is noble… and that justifies the means.
Italy is in a world of hurt, no doubt. Despite all the talk of austerity and eliminating the budget deficit by 2013, recently released central bank figures from Banca d’Italia showed that the 2011 state budget balance actually deteriorated by 11.49%.
Moreover, the first numbers released so far for this year show a whopping 197% increase in central government borrowing requirements from January 2011 to January 2012. Hardly the right direction.
Throughout it all, Italy’s public debt has been steadily rising and is now closing in on 2 trillion euros, much larger than the country’s economy. Meanwhile GDP actually shrank in the 4th quarter of last year by an annualized rate of 2.6%.

Tuesday, March 20, 2012

The U.S. Economy: Soul Crushing Total System Failure

No matter how often the pretty people on television tell us that the U.S. economy is getting better, it isn't going to change the soul crushing agony that millions of American families are going through right now. The stock market may have gotten back to where it was in 2008, but the job market sure hasn't. As I wrote about a few days ago, the percentage of working age Americans that are actually employed has stayed very flat since late 2009, and the average duration of unemployment is hovering near an all-time high. Sadly, this is not just a temporary downturn. The U.S. economy has been slowly declining for several decades and is nearing total system failure. Right now, many poverty statistics are higher than they have ever been since the Great Depression. Many measurements of government dependence are the highest that we have ever seen in all of U.S. history. The emerging one world economic system (otherwise known as "free trade") has cost the U.S. economy tens of thousands of businesses, millions of jobs and hundreds of billions of dollars of our national wealth. The federal government is going into unprecedented amounts of debt in order to try to maintain our current standard of living, but there is no way that they will be able to sustain this kind of borrowing for too much longer. So enjoy this bubble of false prosperity while you can, because things will soon get significantly worse.

As the U.S. economy experiences total system failure, it will be imperative for all of us not to wait around waiting for someone to rescue us.

And I am not just talking about the government.

Today, millions upon millions of Americans are waiting around hoping that someone out there will hire them.

Well, the truth is that our politicians have made it so complicated and so expensive to hire someone that many small businesses try to avoid hiring as much as possible.

Businesses generally only want to hire people if they can make a profit by doing so. When our politicians keep piling on the taxes and the regulations and the paperwork, that creates a tremendous incentive not to hire workers.

Michael Fleischer, the President of Bogen Communications, once wrote an op-ed in the Wall Street Journal entitled "Why I'm Not Hiring". The following is how Paul Hollrah of Family Security Matters summarized the nightmarish taxes that are imposed on his company when Fleischer hires a new worker....

A Massive Spike In The Price of Silver Is Imminent

Gold and silver are very close to entering the mania phase of this bull market. In order for gold and silver to go into the mania phase, value has to be diverted from somewhere, and that “somewhere” is most likely stocks. Since 2000, there has been a correction in stock values, in real terms; however, nominally, stocks are still significantly high (close to its all-time highs).
I expect that significant value will soon be diverted from the general stock market, to silver and gold, causing prices to rally significantly, until these metals also become overvalued.
This is exactly what happened in 2007/2008. Below is a graphic (charts from barchart.com) that illustrates how this happened in 2007/2008:
The top chart is for the S&P 500 and the bottom is for silver. I have drawn a yellow line, at the point where the S&P 500 peaked. It is only after the peak in the S&P 500 that silver broke out, and eventually rallied significantly (while the S&P 500 was crashing). From a “fractal” point of view, we are currently in a similar position, with stocks getting ready to peak.

MORE at Heading Above..

Monday, March 19, 2012

Governments Are Eating Themselves Alive

Here's the scene. It was an overcast day in southern England last March. That is to say, a normal day in southern England. 

Attempting to retrieve something that had blown into the water, 41-year old Simon Burgess slipped and fell into a 3 1/2 foot-deep pond. He then suffered a seizure. His body, lying motionless and face down in the water, was spotted at 12:15pm by a witness who immediately called 999 emergency services (like 911).

Within five minutes, emergency crews began arriving. Then more. Then more. 36-minutes after the initial phone call, no fewer than 25 emergency workers were at the scene. They brought out a state of the art emergency medical tent, resuscitation equipment, several fire engines, ambulances, and specialty dive gear.

 daily.jpg

For more than thirty minutes, emergency crews set up a complex operations center. Fire fighters positioned their trucks. Police officers cordoned off the area for crowd control. Water Support Unit officers donned protective gear and checked the pond for underwater hazards.

Yet with all of this commotion, nobody bothered to fetch Mr. Burgess. For 36-minutes, he floated in the center of the pond, face down, while dozens of first responders scurried about with their 'make work' projects.

Why? Because they hadn't been 'trained and certified' by their various government agencies to enter water that was more than ankle deep. According to the UK's Daily Mail, 

"When a policeman decided to go in anyway, he was ordered not to. A paramedic was also told not to enter the water because he didn't have the right "protective" clothing and might be in breach of the Personal Protective Equipment at Work Regulations 1992."

And so, the emergency crews stood by waiting until a specialty team arrived, donned protective gear, and waded into the waist-deep water (at maximum depth) to retrieve Mr. Burgess. Needless to say, doctors formally pronounced him dead by the time his body arrived to the hospital, roughly 90-minutes after he fell in the lake.

Following public outcry over how Britain's impotent bureaucracy could manage to cost a man his life, the government held a formal investigation into the matter a few weeks ago. As expected, public service workers and politicians closed ranks, defending their decisions on the ground and claiming that they were only 'doing their jobs' and following the rules.

It's certainly not the first time this has happened. Last year, a 14-year old girl in London collapsed while in the middle of a cross-country competition. It took emergency workers 30-minutes to arrive, at which point they refused to carry her body through the muddy park to the ambulance as it was against health and safety regulations. 

Then there was the case of 44-year old Alison Hume in Scotland; she had fallen into a mine shaft and was trapped there for six hours suffering from hypothermia because emergency service supervisors claimed that using their winch to retrieve her would be a violation of regulations. 

Or the case of 10-year old Jordon Lyon of northern England, who was drowning in a local pond when two police officers arrived to the scene... and did absolutely nothing because they weren't properly trained. Apparently you have to be trained by the government in order to jump in the water and save a drowning child. 

The public outcry in each of these (and similar) incidents more often than not results in a call for more regulation. This is such a typical government reaction-- the solution to a problem created by too much regulation is more regulation. It's the only thing these people know how to do.

These examples focus on the United Kingdom... but the issue exists around the world. Common sense and human decency are becoming increasingly sidelined to what the regulation says. Any good people in the rank and file are being crushed by an amoral bureaucracy.

In the United States, the government has gone so far as to state that it has no obligation to provide police protection or emergency services; courts have routinely upheld that "a government and its agents are under no general duty to provide public services, such as police protection, to any particular individual citizen..." (Warren v. District of Columbia)

It's all a stark reminder that government is a disease masquerading as its own cure... and that, ultimately, we only have ourselves to rely on. Trust me, this is good news. The sooner people wake up to how horrifically incompetent and amoral their governments are, the better off we'll all be.

Until tomorrow,
  sig.jpg
Simon Black
Senior Editor, SovereignMan.com

Sunday, March 18, 2012

A Message from Our Criminal Government: "We Got to Get Paid"

On March 6th, Robert Stanford was convicted in a Houston federal court on 13 out of 14 counts of fraud.

The jury decision was delivered three years after Stanford defrauded 30,000 investors in 113 countries in a Ponzi scheme involving $7 billion in fraudulent high-interest certificates at the Stanford International Bank located in Antigua.


The corporate media has accurately reported Stanford's use of the fraudulently obtained money (e.g., purchasing mansions, jets, yachts, million dollar condominiums). However, the corporate controlled media conspicuously failed to report that much of the stolen money went to bribing corrupt members of congress on both sides of the aisle as well as their parent political parties. The illegally obtained money was given to the likes of Barack Obama, William Nelson, John McCain, John Boehner, Nancy Pelosi and Harry Reid.


The mainstream media also failed to mention that both the Republican and Democratic political parties accepted this fraudulently obtained money as well. The court-appointed receiver tasked with returning the money to Stanford investors obtained a federal court order last June against five Democratic and Republican campaigns. Yet, despite the court order, the leadership of both parties has still not returned the money! The Democratic Senatorial Campaign Committee received nearly a million dollars. The National Republican Congressional Committee (NRCC) has accepted almost a quarter of a million dollars of Stanford's ill-gotten gains. The Democratic Congressional Campaign Committee have received almost $200,000 of the stolen money. The Republican National Committee $130,000, and the National Republican Senatorial Committee (NRSC) has accepted $83,345.” These facts indict the entire Democratic and Republican apparatus and they are unquestionably participants in a criminal enterprise system which is benefitting from the theft of investor monies in the same fashion as did ex-New Jersey Governor and Goldman Sachs executive, John Corzine, when he stole tens of millions of dollars from MF Global investors.


Stanford used his influence, using the stolen money of his investors, to block two pieces of legislation which would have made it easier to prosecute this crook with millions of dollars on political campaigns donations. The two biggest recipients of the "donations" designed to stop this bill were Senator Bill Nelson (D) and John McCain (R). Other important Democrats on the Senate Banking Committee got checks from Stanford and the reform bill never got out of the Senate.


In the most brazen move in this litany of criminal enterprise actions, both the Republican and Democratic campaign committees actually possess the nerve to appeal the lower court decision to return the money to a higher federal court instead of returning the stolen investor's money to the rightful owners.


Anyone who votes democratic or republican in subsequent elections gets the government that they deserve. The political whores from both parties have sold out the American people and now they are not even trying to hide their organized criminal activities. Meanwhile, the bulk of the American people are still asleep at the wheel.


To date, the Stanford victims have managed to reclaim about $150,000 from elected officials who accepted this stolen money. However, almost two million dollars of political donations are still missing. President Obama took his money and donated it to charity. Someone should explain to Obama that he does not have the legal authority to dispense stolen money, obtained by fraud, to anyone but to the victims. But when has Obama recently followed the law? Obama, McCain, and Reid more closely resemble the Sopranos than public officials who have sworn to uphold the U.S Constitution.

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Dr John Rengen Virapen, Whistleblower of the Psychopathic Pharmaceutical Industry, Speaks Out




Virapen states the he eventually became the executive director "of one of the largest and most evil companies in the world...Eli Lily and Company." He further added "I did a lot of bad things...people were dying from taking medication that was legalized because I had bribed the Swedish government."

He also articulately states:
"What is the pharma industry doing to us? They are the most powerful industry in the world....they sleep in the same bed with governments...they use corruption to get what they want...corruption involves money...they have lots and lots and lots of money and that is how they make their money. They also kill more people than the wars we have in the world. They're not interested in curing any disease you may have..they're more interested in making you get diseases."

Saturday, March 17, 2012

The CIA wants to spy on you through your TV: Agency director says it will 'transform' surveillance

  • Devices connected to internet leak information
  • CIA director says these gadgets will 'transform clandestine tradecraft'
  • Spies could watch thousands via supercomputers
  • People 'bug' their own homes with web-connected devices
When people download a film from Netflix to a flatscreen, or turn on web radio, they could be alerting unwanted watchers to exactly what they are doing and where they are.
Spies will no longer have to plant bugs in your home - the rise of 'connected' gadgets controlled by apps will mean that people 'bug' their own homes, says CIA director David Petraeus.
The CIA claims it will be able to 'read' these devices via the internet - and perhaps even via radio waves from outside the home.
A Sony internet TV: The rise of 'connected' devices in the home offers spies a window into people's lives - CIA director David Petraeus says the technologies will 'transform' surveillance
A Sony internet TV: The rise of 'connected' devices in the home offers spies a window into people's lives - CIA director David Petraeus says the technologies will 'transform' surveillance
General David Petraeus, former head of the allied forces in Afghanistan, is sworn in as the next director of the Central Intelligence Agency on September 6, 2011 in the White House
General David Petraeus, former head of the allied forces in Afghanistan, is sworn in as the next director of the Central Intelligence Agency on September 6, 2011 in the White House
Everything from remote controls to clock radios can now be controlled via apps - and chip company ARM recently unveiled low-powered, cheaper chips which will be used in everything from fridges and ovens to doorbells.
The resultant chorus of 'connected' gadgets will be able to be read like a book - and even remote-controlled, according to CIA CIA Director David Petraeus, according to a recent report by Wired's 'Danger Room' blog.
Petraeus says that web-connected gadgets will 'transform' the art of spying - allowing spies to monitor people automatically without planting bugs, breaking and entering or even donning a tuxedo to infiltrate a dinner party.

Read more: http://www.dailymail.co.uk/sciencetech/article-2115871/The-CIA-wants-spy-TV-Agency-director-says-net-connected-gadgets-transform-surveillance.html#ixzz1pQ6rAjDo

Proposed UN Environmental Constitution For The World Would Establish An Incredibly Repressive System Of Global Governance

Most people have no idea that the United Nations has been drafting an environmental constitution for the world that is intended to supersede all existing national laws.  This document has a working title of "Draft International Covenant on Environment and Development" and you can read the entire thing right here.  Work on this proposed world environmental constitution has been going on since 1995, and the fourth edition was issued to UN member states on September 22nd, 2010.  This document is intended to become a permanent binding treaty and it would establish an incredibly repressive system of global governance.  This "covenant", as it is being called, claims authority over the entire global environment and everything that affects it.  Considering the fact that everything that we do affects the environment in some way, that would mean that this document would become the highest form of law for all human activity.  This proposed UN environmental constitution for the world is incredibly detailed.  The U.S. Constitution only has 7 articles, but the UN document has 79 articles.  If the U.S. eventually ratifies this treaty, any national, state or local laws that conflict with this covenant will be null and void.  This is potentially one of the greatest threats to our national sovereignty that we have ever seen and we need to warn the American people about it.
Essentially what this proposed environmental covenant does is it takes the sustainable development principles underlying Agenda 21 and turns them into global constitutional law.

Friday, March 16, 2012

Why Are Bankers "Resigning" in Droves Worldwide?

1) They are making preparations for what is to come soon, getting their affairs in order
Here is a graphic depiction showing the rate of change:
2) Top world elite are "retiring" their lower level minions for more control of the New World Order plans


Full list: "358 resignations from world banks, investment houses, money funds"
HERE

5 Reasons Why American Riots Will Be The Worst In The World

California Imploding Just Like Greece

Lady Thatcher’s axiom regarding Socialism has come to California. They have “run out of other people’s money” at least in the sense that tax revenues are plunging. The table below shows the accounting results of a dying economy.
Doug Ross reports:
California and Greece have more than a few things in common, including the fact that their unofficial slogans are both “Ask Us About Our Death Spiral!”
Inquiring minds have noticed a huge plunge in California Tax Revenue for the month of February compared to February 2011…
That is a 22.55% plunge in spite of the fact that this February was a leap year adding a day to the calendar
To learn more about this situation, read the rest of the article.
Sadly,  the contraction in income and wealth is inevitable when regulations, taxes and fees become unbearable. The incentive to work diminishes and the incentive to flee the taxing jurisdiction increases. People and capital flee CA while the legislative body continues to spend, spend, spend and tax, tax, tax. Its destructive policies are destroying the state. Revenues will continue to shrink as will population and corporate activity.
MORE AT HEADING ABOVE

Thursday, March 15, 2012

Top 5 Place NOT To Be In A Dollar Collapse

Events Moving at an Accelerating Pace Towards the Great Collapse

Little has changed in the basic outlook.  The U.S. economic and systemic-solvency crises of the last five years continue to deteriorate.  Yet they remain just the precursors to the coming Great Collapse: a hyperinflationary great depression.  The unfolding circumstance will encompass a complete loss in the purchasing power of the U.S. dollar; a collapse in the normal stream of U.S. commercial and economic activity; a collapse in the U.S. financial system, as we know it; and a likely realignment of the U.S. political environment.  Outside timing on the hyperinflation remains 2014, but events of the last year have accelerated the movement towards this ultimate dollar catastrophe.  Following Mr. Bernanke’s extraordinary efforts to debase the U.S. currency in late-2010, the dollar had lost its traditional safe-haven status by early-2011.  Whatever global confidence had remained behind the U.S dollar was lost in July and August.  That was in response to the lack of political will—shown by those who control the White House and Congress—to address the long-range insolvency of the U.S. government, and as a result of the later credit-rating downgrade to U.S. Treasury debt.
Those latter circumstances triggered something of dollar selling panic, particularly as reflected in the corresponding buying of gold and Swiss francs, but various interventions, misdirection and manipulations helped to quell the currency disorders.  Still, many financial markets were left rocking with the aftershocks of a major shift in the global view of the U.S. dollar. 
The economy has underperformed and likely will continue to underperform consensus forecasts by a significant margin.  In turn, weaker-than-expected economic growth will mean significantly worse-than-expected federal budget deficits, Treasury funding needs and banking-system solvency conditions.

JP Morgan Whistleblower States JP Morgan Manipulates Silver & Gold Futures

With today's NYT OpEd by Greg Smith of Goldman Sachs,  a JP Morgan insider has contacted us to release insider information regarding the manipulation of gold and silver futures by JP Morgan that he calls 'damning at best for JP Morgan', states that JPM is fearful of a cascading credit event being triggered in Greece as JPM has hidden derivatives in excess of $1 TRILLION USD, and confirms that JPM is involved with hiding client assets from MF Global.

This is the very first time this insider information has been made public, and the source is also contacting the CFTC with this same statement.


Dear CFTC Staff,

Hello, I am a current JPMorgan Chase employee. This is an open letter to all commissioners and regulators. I am emailing you today b/c I know of insider information that will be damning at best for JPMorgan Chase. I have decided to play the role of whistleblower b/c I no longer have faith and belief that what we are doing for society is bringing value to people. I am now under the opinion that we are actually putting hard working Americans unaware of what lays ahead at extreme market risk. This risk is unnecessary and will lead to wide-scale market collapse if not handled properly. With the release of Mr. Smith’s open letter to Goldman, I too would like to set the record straight for JPM as well.
I have seen the disruptive behavior of superiors and no longer can say that I look up to employees at the ED/MD level here at JPM. Their smug exuberance and arrogance permeates the air just as pungently as rotting vegetables. They all know too well of the backdoor crony connections they share intimately with elected officials and with other institutions. It is apparent in everything they do, from the meager attempts to manipulate LIBOR, therefore controlling how almost all derivatives are priced to the inherit and fraudulent commodities manipulation. They too may have one day stood for something in the past in the client-employee relationship. Does anyone in today’s market really care about the protection of their client? From the ruthless and scandalous treatment of MF Global client asset funds to the excessive bonuses paid by companies with burgeoning liabilities. Yes, we at JPMorgan that are in the know are fearful of a cascading credit event being triggered in Greece as they have hidden derivatives in excess of $1 Trillion USD. We at JPMorgan own enough of these through counterparty risk and outright prop trading that our entire IB EDG space could be annihilated within a few short days. The last ten years has been market by inflexion point after inflexion point with the most notable coming in 2008 after the acquisition of Bear.

I wish to remain anonymous as of now as fear of termination mounts from what I am about to reveal. Robert Gottlieb is not my real name; however he is a trader that is involved in a lawsuit for manipulative trading while working with JPMorgan Chase. He was acquired during our Bear Stearns acquisition and is known to be the notorious person shorting in the silver future market from his trading space, along with Blythe Masters, his IB Global boss. However, with that said, we are manipulating the silver futures market and playing a smaller (but still massively manipulative) role in manipulating the gold futures market. We have a little over a 25% (give or take a percentage) position in the short market for silver futures and by your definition this denotes a larger position than for speculative purposes or for hedging and is beyond the line of manipulation.
On a side note, I do not work directly with accounts that would have been directly impacted by the MF Global fiasco but I have heard through other colleagues that we have involvement in the hiding of client assets from MF Global. This is another fraudulent effort on our part and constitutes theft. I urge you to forward that part of the investigation on to the respective authorities.

There is something else that you may find strange. During month-end December, we were all told by our managers that this was going to be a dismal year in terms of earnings and that we should not expect any bonuses or pay raises. Then come mid-late January it is made known that everyone received a pay raise and/or bonus, which is interesting b/c just a few weeks ago we were told that this was not likely and expected to be paid nothing in addition to base salary. January is right around the time we started increasing our short positions quite significantly again and this most recent crash in gold and silver during Bernanke's speech on February 29th is of notable importance, as we along with 4 other major institutions, orchestrated the violent $100 drop in Gold and subsequent drops in silver.

As regulators of the free people of this country, I ask you to uphold the most important job in the world right now. That job is judge and overseer of all that is justice in the most sensitive of commodity markets. There are many middle-income people that invest in the physical assets of silver, gold, as well as mining stocks that are being financially impacted in a negative way b/c of our unscrupulous shorts in the precious metals commodity sector. If you read the COT with intent you will find that commercials (even though we have no business being in the commercial sector, which should be reserved for companies that truly produce the metal) are net short by a long shot in not only silver, but gold.

It is rather surprising that what should be well known liabilities on our balance sheet have not erupted into wider scale scrutinization. I call all honest and courageous JPMorgan employees to step up and fight the cronyism and wide-scale manipulation by reporting the truth. We are only helping reality come to light therefore allowing a real valuation of our banking industry which will give investors a chance to properly adjust without being totally wiped out. I will be contacting a lawyer shortly about this matter, as I believe no other whistleblower at JPMorgan has come forward yet. Our deepest secrets lie within the hands of honest employees and can be revealed through honest regulators that are willing to take a look inside one of America's best kept secrets. Please do not allow this to turn into another Enron.

Kind Regards,
-The 1st Whistleblower of Many

SOURCE HERE

Wednesday, March 14, 2012

Why Are Millions Of Americans Preparing For Doomsday?

All over America, there are millions of Americans that are quietly preparing for doomsday. They are turning spare rooms into long-term food storage pantries, they are planting survival gardens, they are converting their homes over to alternative sources of energy, they are taking self-defense courses and they are stocking up on just about anything you can imagine. They are called "preppers", and their numbers have absolutely exploded in recent years. In fact, you might be living next door to one and never even realize it. According to a recent Daily Mail article, there are approximately 3 million preppers in the United States today. Others believe that the true number is significantly higher than that. This movement has become so popular that there are now even television shows being done about preppers. The most popular is probably "Doomsday Preppers" on the National Geographic Channel. This movement is still growing and is not going to go away any time soon. In fact, as the world continues to become even more unstable it is likely that a lot more Americans will find themselves becoming preppers in the years ahead.

So what exactly are all these people so concerned about? Exactly why are there millions of Americans that are feverishly preparing for doomsday?

Well, the truth is that you will never find two preppers that are exactly alike. Some are deeply concerned about the potential for natural disasters and believe that we are now entering into a time when there will be catastrophic earth changes. Other preppers believe that terrorism is the most significant threat to our way of life. Killer pandemics, an EMP attack, World War III, martial law, solar megastorms, asteroid strikes and societal chaos are some of the other things that some preppers are worried about.

Of course an economic collapse is one of the biggest concerns for preppers, and without a doubt the U.S. economy is deeply troubled. A collapse of the financial system would change all of our lives permanently.

But it isn't just preppers that are concerned about these things.

A recent survey conducted by National Geographic asked Americans the following question....

"Which of the following, if any, do you think might happen in the United States in the next 25 years? Please choose all that apply."

These were the results....

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America Is Using Tricks To Hide A Debt Crisis Worse Than Greece

When the federal government guarantees a student loan, that loan is subject to accounting treatment that was established by the 1990 Fair Credit and Reporting Act (FCRA). It should come as no surprise that the FCRA methodology is not “fair” at all.
The Congressional Budget Office (CBO) succinctly described the problem in a new report.  (Link):
FCRA Treatment Does Not Give a Comprehensive Accounting of Federal Costs.
In CBO’s view, FCRA-based cost estimates do not provide a full accounting of what federal credit programs actually cost the government because they do not incorporate the full cost of the risk associated with the loans.
A few questions come to mind:
How extensive is this problem?
Is there an alternative to FCRA?
How large is the understatement of risk at the federal level from the loan guaranty programs?
The answer to A is that the problem is enormous. CBO has provided some details:
CBO’s list of outstanding federally guaranteed debt comes to $2.665 Trillion. But that is just a part of the story. Note that the report includes $1.18T of FHA guarantees and $258B of Veteran's Home loans. These guarantees all relate to mortgages. If the credit risks associated with FHA’s/VA's mortgage activity is included in the numbers, then why are the guarantees and loans provided by Fannie and Freddie excluded? The answer is that a more appropriate method of accounting would trigger a a huge increase in total debt. No one wants that, right? The CBO waves away over $6 Trillion of additional debt with this very simple footnote:
Excludes the activities of Fannie Mae and Freddie Mac, purchases by the Treasury of securities issued by Fannie Mae and Freddie Mac, the financial assets acquired through the Troubled Asset Relief Program, and certain other transactions that involve credit assistance.
Adding all the pieces that should be included brings the total to $9 Trillion!

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