Wednesday, July 1, 2015

Greece: A Warning of the Totalitarian Power of Centralized Government and Banking, and FRACTIONAL RESERVE BANKING

Greece is a bankrupt mess for a whole lot of reasons with the primary reason being that it's a debt ridden socialist nation that borrowed heavily to fund statist programs.  Of course, the debt mountain is now so big that paying it back is simply impossible.  Moreover, most of the new loan proceeds in recent years have gone to servicing the debt instead of to entitlement programs.  This is precisely how socialism and statism ends: eventually the debt is so big that it will eat up nearly all tax dollars. America and nearly all of Europe will face the exact same problems as Greece in the not too distant future.

The socialist Greek government wants more loan proceeds from the Troika (European Commission, European Central Bank and International Monetary Fund).  The Troika is demanding many thing including cuts in pensions and public spending.

The real issue here isn't Greek debt as everybody know that the Greeks can't possibly pay it, now or anytime in the future.  The real issue here is the ELA or Emergency Liquidity Assistance that the ECB uses to prop up its member banks.  Over the weekend, the Troika bared it's gargantuan razor sharp teeth by cutting off the ELA.  Greeks could not get their money out of the banks and Greece was forced to close its banks for 7 days.  They do this by declaring a bank holiday! It's also called capital controls.

The Troika is sick of negotiating with Greece and effectively nuked the nation by withdrawing ELA. Yeah, Greece is holding a referendum on whether or not to submit to the Troika but at this juncture does it really matter?

There is a big lesson to be learned here, namely that fractional reserve banking is fraught with horrific risk, especially for depositors.  Under fractional reserve banking, banks only keep a small percentage of its deposits as reserves and the rest is converted to loans (bank assets) that earn interest income for banks.  If too many people go to the bank to get their money, there isn't sufficient money to give the depositors back their money and a bank run occurs.  Central banks function as a backstop to bank runs by providing liquidity.  Yes, the 'liquidity' is fiat central bank money created out of thin air but so long as the public has confidence in the system, it works.

With the situation in Greece, the extreme volatility of many western banks and the economic fragility of European nations, confidence in central banking is waning, especially after the bail-in in Cyprus when depositor money was literally stolen to recapitalize bankrupt banks that wiped out all their capital by making bad loans.

If the world needs anything now, it needs to restrict fractional reserve banking and offer options in non-fractional reserve banking. It's the only way that deposits can be truly protected.  Before the arrival of fractional reserving banking and before Americans flocked to the banks with their money in exchange for a toaster, folks actually paid banks a small fee to house and protect their wealth, typically gold, silver or gold and silver certificates. The wealth of citizens is no longer protected (never really was) and central banks are such schizophrenic basket cases that they can no longer function as guarantors of deposits. That's already been proven in Cyprus and Greece.

At the end of the day, fractional reserve banking turns toasters (bank deposits) into burnt toast. The public absolutely needs safety and accessibility for their money.  

Sunday, April 5, 2015

Kenya, Gun Rights and the Murder of Kenyan Christians by Muslims

This week 147 Christian Kenyan students were massacred by Muslims with firearms. Back in 2013, at least 67 Kenyans were massacred by Muslims at a popular Kenyan Mall. During both attacks, the potential victims were questioned and Muslims and were released providing they could convince the murderers that they were in fact Muslims.

Kenya is a predominantly Christian nation (over 80%) and the Muslim minority is about 10-12%.

The NY Daily News reported that that the student massacre was carried out by 4 armed Muslims, here.
Four twisted Islamic extremists strapped explosives to their bodies and rushed into a crowded college dorm in Kenya Thursday, sparking a 13-hour siege that killed 147 innocent people and injured dozens, authorities said. Al Shabab terrorists stormed Garissa University College at 5:30 a.m., occupying a main dormitory and targeting Christian students, witnesses said. The men waved assault weapons and brandished grenades, yelling in Arabic and Swahili that the students were now hostages. For 13 agonizing hours, the gunmen traded fire with Kenyan police while petrified students pleaded for their lives.
The NYT reported that the Muslim murderers numbered between 4 and 10, here.
A small group of militants, most likely between four and 10, roved from dorm to dorm, separating Christian from Muslim students and killing the Christians, the authorities said. Students described being awakened before dawn by the sound of gunfire and fleeing for their lives as masked attackers closed in....

The Shabab has killed hundreds of Kenyans — on country buses, in churches, in remote coastal towns and inside one of Kenya’s fanciest malls during a devastating siege in 2013 that left 67 people dead and rattled Kenya’s prized image as a cornerstone of stability in this part of Africa. The Kenyan government is so desperate to stop the Shabab, one of the most violent franchises of Al Qaeda, that some officials have even proposed building a 424-mile wall across the entire Somali border.

Kenya’s tourist industry, one of the pillars of its economy, has been badly damaged by the terrorist attacks, and the bloodshed on Thursday is sure to make things worse. There are also fears that the Shabab’s relentless emphasis on singling out Christians could inflame religious strife in a country already wrestling with tensions between a Muslim minority, which has complained about government persecution, and a Christian majority that increasingly feels under attack.
Besides the obvious question of whether or not anybody can peacefully co-exist with Islam, the real issue that jumps out is the issue of gun rights.  The slaughtered Kenyans in both attacks were unarmed and defenseless, therefore the issue of gun rights in Kenya must be addressed because armed Kenyans could have massively reduced the carnage, saved lives and serves as a warning to Muslim murderers that they refuse to be easy and soft targets.

In Kenya, gun rights are weak, very weak.  Apparently you can't own a firearm in Kenya, a nation of over 44 million, without a government license and the government shut down the firearms licensing office in 2014.
Firearms licensing office shut down temporarily 
There are about 10 firearm dealers in the country who issue guns to those with permits to own them.

The moratorium was put in place after it emerged that there is no thorough vetting done before guns are issued to civilians.
Kenyan firearms laws are indeed responsible for the massacre of defenseless unarmed citizens and the only reason the death toll at the Kenyan Mall attack wasn't higher than 67 is that an armed British Marine rescued 100 potential victims, here.
The terror at the Westgate Mall in Nairobi, where Islamic militants killed 67 defenseless people is over, Reuters reported early this afternoon. Emerging as a surprise hero is a former British Marine who, armed with a handgun, rescued 100 terrorized shoppers, returning dozens of times into the mall, according to Mail Online.

How he came to be armed is open for question, and his continued anonymity “for security reasons” leads to fair speculation that he is an operative for the British government working with the military and the Kenyans “in tracking UK citizens involved with hardline Islamists in Somalia and Yemen.”

In any case, the hapless victims had no similar response options, as Kenyan law effectively assured the “al Shabaab militants” a guaranteed unarmed victim pool. That's because Kenya provides a veritable wish list of what so-called “gun safety” groups, masking their ultimate goal of a total ban on private ownership of firearms, represent as “common sense gun laws.” A steely former British Marine armed only with a handgun repeatedly risked his life to save about 100 people from the Kenya mall massacre, running in and out at least a dozen times to shepherd frightened civilians to safety, British reports say.

There is something fundamentally evil and wrong when a legal system disarms citizens and guarantees a huge pool of unarmed victims.

Meanwhile, anti-gun groups in Kenya and elsewhere continue to demand that all citizens everywhere be disarmed.  This of course would not disarm those committed to murder and evil.  At the end of the day, the only sane defense against violence and murder is the armed citizen. Unarmed citizens are nothing more than sitting ducks and potential victims of all violence, including gun violence.

The anti-gun folks do indeed promote policies that enable criminals to commit horrific violence against innocent victims.  The anti-gun folks are the real criminals here and yes their hands are dripping with the blood of the innocent.

Friday, January 2, 2015

Will Audit the Fed Pass with the new GOP Controlled Congress?

The Republicans will have a Senate majority when the new congress is sworn in within a few days, while also enjoying  a very strong House majority.  Staffers for new Senate Majority Leader Mitch McConnell have indicated that McConnell will definitely seek a floor vote for Audit the Fed, here.

In September 2014, the House passed Audit the Fed with a whopping 333-92, here.  227 Republicans and 106 Democrats voted YES on Audit the Fed. The NO votes included 91 Dems and 1 Republican (John Campbell, CA).

Before the 11/14 elections, the Dems has 54 Senate seats, the Republicans 44 and there were 2 independents (who typically caucus with the Dems).  After the 2014 elections, the Republicans will have 54 Senate seats.

While the Republicans clearly have a Senate majority, Senate cloture rules require 60 votes to advance to a full Senate floor vote.  The Republicans are short 6 votes and that's assuming that all Republican senators will support Audit the Fed (not likely).  However, it's entirely possible that some Dems will join with the Republicans on Audit the Fed.

If Audit the Fed manages to pass the House and Senate, there is the issue of a guaranteed presidential veto.  I'd be shocked if Obama didn't veto Audit the Fed.  Republicans will not have enough Senate seats to override a presidential veto.  Overriding a presidential veto requires a 2/3 majority in the House and Senate.

While Audit the Fed is advancing and is closer than it's ever been, it's still got some huge obstacles.   However, Audit the Fed is extremely popular with voters and according to a Rasmussen poll, 74% want to Audit the Fed, here.

With Audit the Fed being so popular and considering the bruising that the Dems suffered in the 2014 elections, there is no guarantee that the Dems will continue to oppose Audit the Fed.

What is important at this juncture is that Audit the Fed gets introduced in the House and Senate early. I see no problem in the House and not because Republicans actually support Audit the Fed.  They don't but they would they look awfully foolish voting against a bill that they previously vote for. Voting YES on Audit the Fed was an easy vote to appease its base knowing full well that Audit the Fed stood no chance in the Senate.  But now things have change and anything passed in the House automatically bumps up to McConnell's Senate where he supposedly supports a Senate vote.  Federal Reserving loving Republicans can no longer hide behind Harry Reid's skirts.

Frankly, the Republicans would love nothing better than a presidential veto of Audit the Fed.  They'd love to scream " Don't blame me, Obama did it".

Finally, Audit the Fed is going to be very interesting in 2015 and the Federal Reserve is bracing for it by already lobbying to kill it.
Chairwoman Janet L. Yellen said earlier this month the Fed remains opposed to stricter oversight of its monetary policy decisions, and Reuters reported she and other Fed officials are lobbying Capitol Hill to drop the audit push, here
Well, Yellen is lying through her teeth because Audit the Fed is about DISCLOSURE and has nothing whatsoever to do with stricter oversight of the Fed and its monetary policy decisions.

As the Audit the Fed drama plays out, the American people will clearly know which of their Congress Critters can be easily bought with a few shekels of fiat money.

Meanwhile, I look forward to the House and Senate Audit the Fed bills being filed and following the co-sponsors.  I wonder how many Republicans will run from it?

Sunday, November 16, 2014

Dear Progressives....Why You Are Losing the People and What You Can Do About It

"[The task is to] covertly lower the standard of living, the whole social structure, of America so that we can be merged with all other nations." -- Rowan Gaither (1909-1961) Attorney, investment banker, President of the Ford Foundation (1953-1956).  The Ford Foundation is a rich and powerful progressive institution.

Headlines can be hilarious as was Alternet's It's a Rout: Democrats Lose Badly as GOP Extremists Consolidate Power In Congress and Across America.  The article then goes on to bitch and moan about America's discriminatory election.  Guess what?  Nobody stopped anybody from voting.  Even the suffering Democrat base couldn't even hold their noses and vote because they knew they had been screwed.  Life for them was no better under Obama and Gang than it was under Bush and Gang.

OKAY, progressives are in deep mourning over the 2014 elections.  I'm not gloating or rubbing it in because as a liberty activist who abhors the damn wars, the thieving banking system, corporate welfare, the militarized police state, the Patriot Act, the NSA and many other nasties that have rendered America nothing more than a totalitarian empire controlled by oligarchs, I do observe and understand the American people.

I have no skin in the game; I didn't vote this year although when I do vote I generally vote 3rd party and AGAINST the Republicans and Democrats.  The DNC and RNC machines are wholly owned subsidiaries of the banksters, defense contractors and corporate welfare queens.  Moreover, my contempt for the Republicans is just as great as my contempt for the Democrats.  In many ways, I despise the Republicans more, especially since the GOP was hijacked by neocons and theocons years ago.  While I was happy that a slew of Congress Critters were fired by the voters, I was anything but happy that they were replaced with Republicans.

Rest assured, the American people didn't actually vote for Republicans.  The people were just so pissed off that they wanted to fire somebody and this election cycle it was Dems who were most vulnerable.   Why are the American people so pissed off?  Why it's the economy of course.  If folks are lucky enough to have a decent paying job, taxes are eating them alive.  Those who don't have jobs are suffering and many who do have jobs have low wage jobs with no future.

America is a place where the middle class is vanishing and the poor are getting poorer.  The rich are definitely getting richer and at the expense of the poor and middle class.  The Dems love the poor which is why they function as plantation owners doling out subsistence level goodies to their devoted slaves.  Vote buying can only go so far until it bankrupts a nation under the weight of the entitlement state where everybody is entitled to substantial freebies as evidenced by the fact that over 92 million Americans don't even bother to work, here, and many live off the dole.

Yes, progressives, the Republicans and Democrats are all responsible for the demise of the American middle class and the future-less lives of the poor. How did it happen?  Well, it started back in 1913 when progressives passed the Federal Reserve Act that transferred all monetary power to Wall Street. That was the beginning of the death of the middle class because it resulted in a massive wealth transfer from the poor and middle class to the rich.  But not to worry says progressive, we will pass welfare bills that throw you the picked bones of the steaks we eat because you don't need to build wealth and financial security, you must be dependent on US because we OWN you.

Things got far uglier in 1971 when Nixon de-tethered the dollar from gold and made the dollar a 100% fiat currency that totally destroyed the purchasing power of the dollar.

Yet, progressives pay scant attention to monetary policy and all they ever care about is throwing a few moldy crumbs at the dutifully compliant sheeple people who are definitely growing restless.

Besides collaborating with Wall Street to pass the Federal Reserve Act to destroy the purchasing power of the dollar, progressives were also instrumental in passing some job killing legislation and bankster protection bills over the years.

Although inflation, taxation, lower wages and massive job losses have been bleeding the middle class dry, the history of the loss of good paying manufacturing jobs is quite interesting. Even more interesting, it was actually planned! And while there are other components to the systematic sell-off of America, like our criminal Congress Critters passing bills that tax domestic corporate earnings at much higher rates if they produced and earned on US soil versus earning their dough offshore, another major component of our national misery is NAFTA and other horrifying trade agreements supported by Republicans and Democrats alike. The expediting of the real bleed of American jobs is fully attributable to Bill Clinton who enthusiastically supported the North American Free Trade Agreement (NAFTA). Despite numerous warnings that NAFTA would be catastrophic to the American middle class and domestic manufacturing, the political class was more interested in filing its campaign coffers with special interest dough by selling multi-national corporatists legal protectionism.

NAFTA was a piece of legislation that was unprecedented in its scope and economic consequences as it conferred dictatorial powers of implementation upon the executive branch of government without any congressional oversight whatsoever. Moreover, NAFTA established secret working groups that are publicly funded, totally unaccountable to anyone and they operate off the radar of congressional and public scrutiny.

NAFTA passed in both houses of a Democratic controlled Congress in 1993. In the Senate, it passed with 61 yeas and 38 nays. In the House, it was much closer at 234 yeas to 200 nays. The Republicans in the House really came through for Clinton by providing 132 Yeas to counter 156 Democratic nays. Still, 40% of the Democrats in the House voted for NAFTA.

The vote itself is more than a bit intriguing. Many of NAFTA’s congressional supporters ended up as presidential candidates or secured congressional leadership positions. On the Senate side, the big name Democrats who voted for NAFTA includes Bill Bradley, Tom Daschle, Christopher Dodd, Ted Kennedy (deceased), Joe Lieberman, John Kerry and Joe Biden, now Vice President. A lot of these Democrats had made various bids for the presidency or vice presidency of the United States. Interestingly, big name NAFTA supporting Republicans includes John McCain, Bob Dole (defeated by Clinton), Mitch McConnell (soon to be Senate Minority Leader post 2014 elections) and many others who were none too eager to assist Bill Clinton in the sellout of the American worker.

On the House side, NAFTA supporters included big name GOPers like Dennis Hastert, Newt Gingrich, Dick Armey, John Boehner and Ron Portman, all of whom rose to leadership positions in the House or the Bush Administration. Democrat Nancy Pelsoi, who voted yes on NAFTA, ended up Speaker of the House for her role in decimating U.S. manufacturing and jobs.

Clearly, these traitorous rogues were handsomely rewarded with greater political power for engineering the systematic dismantling of the world’s greatest manufacturing legend in all of human history.

Progressives handsomely rewarded Nancy Pelosi for her NAFTA vote by anointing her Speaker of the House.  Now that's truly ironic considering that progressives are chronically ranting about the injustice of rich Republicans, especially rich white Republicans, yet they rabidly endorse a rich white bitch and the 12th richest member of Congress, here.  LOL, Pelosi sold the poor and middle class down the river and was rewarded! For more information on NAFTA and its devastating economic consequences, see my blog post The Kleptocracy of Cannibal Crony Capitalism. Bill Clinton and his Republican NAFTA Baby Co-Conspirators.

As if playing a key role in the destruction of US manufacturing and middle class jobs with corporatist crony capitalist boondoggles like NAFTA isn't bad enough, progressive icon Bill Clinton paved the road in 1999 for Banksters Gone Wild that resulted in the 2008 financial crisis.

Photo Above: Bill Clinton signs into law the Gramm-Leach-Bliley Financial Services Modernization Act, November 12, 1999

Who are the Architects of Economic Collapse? Global Research

This extraordinary Global Research article documents how the same folks that were behind the Financial Services Modernization Act ended up in top positions in the Obama Administration.

The simple truth is that Wall Street and its interests rule America and they also own both political parties.  It's even more interesting to note that liberal progressive icons were in fact part of the ruling elite cabal that's that been selling out the poor and middle class since 1913.

My issues with progressives are numerous and my most intense hatred of progressivism is their love of wars and interventions, although these days that mantle appears to have somewhat passed to the Republicans.  But let's look at the facts:  Who got us into WW I, WW II, the Korean War, Vietnam and the Balkan Wars?  All liberal progressive Dems  - Wilson, Roosevelt, Truman, LBJ and Clinton.  The body counts of those progressive wars exceed 100 million folks.  Yes, progressive hands are dripping in blood.

Where's the anti-war movement that was so awesome in the 1960's?  Well, it's somewhere between invisible and non-existent.

Where were progressives when Bush and the Republicans needed the Patriot Act passed?  They were voting with Bush and the Republicans and they continued with each successive Patriot Act renewal. Who in Congress is standing up to the NSA?  Not many, just a few Libertarian leaning Republicans like Rand Paul and Justin Amash, along with a few Dems.

Progressive don't stand for civil liberties and privacy.  In fact, they seem to be addicted to totalitarian government power.  Progressive policies are rooted in command and control economies where nobody is allowed to earn a living unless they grant permission and that permission comes with economy destroying bureaucratic dictates.

Although progressives have embraced marijuana legalization and decriminalization, they've botched it up in CO and WA with insane bureaucracies and taxes to the extent that underground marijuana markets continue to flourish because the taxed price is too damn high (vs. the free market price) and it's quite difficult to grow and sell pot if one seeks to be a an entrepreneur.  New York, the poster child for anti-business, anti-entrepreneurship progressive economic policies, may be the most absurd example of how progressives botch something as simple as growing and selling medical marijuana.

$20M to Start an MMJ Business in New York?

Medical marijuana in New York might prove to be a pretty wealthy club.
Startup costs to open a dispensary and grow could run over $20 million, according to a recent report by The New York Times. And it might take upwards of $1 million just to navigate through the application process, estimated one cannabis lobbyist quoted in The Times piece. These lofty costs would make it difficult for small businesses to get involved.
What the hell do progressives have against folks seeking to start small businesses?  Apparently, a lot!  Economically, progressives are like the mafia demanding tribute for the privilege of working and earning a living.  When it comes to folks who want to work and produce, progressives are like Shylock from the Merchant of Venice demanding a pound of flesh.

While the Nazified Police State is a draconian assault on natural rights and civil liberties that is at least tolerated if not encouraged by progressives, the Progressive Economic Police State against small businesses is just as destructive because it utterly denies folks the right to earn a living.

Perhaps it's long overdue for progressives to do some serious soul searching, starting with admitting their own roles in growing Police State USA, destroying small businesses by making it impossible for limited capital small business operators to even start a business.  And then there are the damn wars that never end.

America needs less laws, less regulation and more freedom.  On the criminal code, progressives should embrace the Libertarian approach:  No Victim, No Crime.  America has more folks in prison than any nation on the planet and many of these folks are imprisoned for victim-less crimes. Progressives should stop criminalizing every act that they personally disapprove of.

Progressives need a revolution within the Democrat party and they need to get rid of the old, fraudulent leadership that is owned by the same special interests that own the GOP.

Progressives need to fight to end the damn wars and yes they also need to give up their imperial aspirations of non-stop intervention that so devastated the world in WW I, WW II, Korean War, Vietnam and other murderous interventions.

Progressives need to support limited government,  business growth and lower taxes.  If anything, progressives are famous for being anti-business.   Progressives need to be more Libertarian and they must learn to stop controlling everything at the point of a gun.  Speaking of guns, progressives should absolutely support the 2nd amendment because the right to defend yourself from violence, sexual assault or death is an absolute natural right that no free citizen should ever be denied.

Libertarians and 'sane' progressives, well, at least the progressives that aren't Nazis, have a lot in common.

Ralph Nader gets it and his book Unstoppable: The Emerging Left-Right Alliance to Dismantle the Corporate State lays out a solid argument on why liberals and Libertarians should unite to defeat the corporate state.  As a Libertarian, I find Nader to be honest and sane even if he is more statist than my Libertarian ideology but he's definitely on the right track.

Ralph Nader On Why Libertarians And Liberals Should Unite

Defeating the corporate state, the military industrial complex, the prison industrial complex and the security industrial complex is a damn good place to start where we can demolish the absolute worst aspects of government power.

This isn't a Republican or Democrat issue; there is only one issue at stake here - namely the freedom and prosperity of the people.

Hello progressives?  Where art thou? Can you possibly resist the temptation to CONTROL every possible aspect of human existence and champion historical classical liberalism that embodied a high level of personal and economic freedom with minimal government interference?

The principles of voluntarism enshrine classical liberalism because it's based on the absence of state violence and coercion.  I never understood why progressives are so supportive of state violence and coercion and so oppose voluntary cooperation and transactions among people to deliver peace, harmony, goods, services and consent.

Finally, while progressives may toss a few crumbs at folks to achieve political power they utterly fail to understand that humans desperately seek personal sovereignty, independence and economic opportunity.  People don't want to be tethered to the impoverishment of the progressive plantation anymore than more than they would consent to be slaves.

If progressives truly advocated for progress rather than raw and absolute power, they could kick GOP ass.  However, progress will never come from state power.

Image: Delacroix's Liberty Leading the People. "The composition is part of a pyramid whose base are the bodies that have fallen in the struggle against tyranny, corpses lit to emphasize its importance."

Saturday, November 15, 2014

History Lesson - Why America Doesn't Need a Standing Army

During WW I, Japanese General Yamamoto supposedly said "“You cannot invade America. There is a rifle behind every blade of grass.”

Many Americans live in fear and dread of what would happen if America didn't have a military and standing army. However, most of America's founding fathers opposed a standing army because they understood that so long as one existed dangerous psychopaths would concoct reasons to use it for endless warmongering and war profiteering.

But Americans should also be thinking about the War of 1812.  The British invaded America and headed straight for DC but those in the capital, including the military, had all fled and never even offered an honorable defense.  So the Brits burned DC and headed to straight Baltimore where they planned a land and sea invasion believing that Baltimore would easily fall.  But the Brits encountered the armed citizens of Baltimore and butted heads with 1,0000 defenders of Ft. McHenry who valiantly fought the Brits from 6:00 a.m. on September 13, 1814 until 7:00 a.m. September 14th when the British shells fell silent and "our flag was still there".  Thus, the words to the Star Spangled Banner were born as a captured America lawyer, Francis Scott Key, watched as a prisoner of war on a British ship and wrote down those now memorialized words.

Folks near and around Baltimore also valiantly fought the British land invasion.  Defeated and demoralized the Brits immediately sailed to New Orleans where they anticipated that the undefended city would easily fall.

But the Brits were forced to butt heads with the legendary Andrew Jackson and his hastily raised rag tag army of yeomen farmers who despite being vastly out-gunned and outnumbered managed to deliver a devastating and humiliating defeat to the Brits and sent them packing.

The passion and tenacity to defend one's homeland against a foreign invader is just so much a part of the human condition that it cannot be ignored.  The ghosts of history firmly attest to the fact that our current crop of wars will never, ever be winnable.  No nation wants to be attacked, have its citizens murdered and suffer the humiliating occupation of an invading foreign military.

America's only invasion by a foreign military, the War of 1812, not only resulted in a defeat for the invader, an invader considered the most military powerful nation on earth at the time, but proved that armies do not defend nations.  It was the American people who successfully defended America and sent the British packing.

Sunday, November 2, 2014

Petro Dollar = ISIS Dollar, Saudi Arabia, Sunni Salafist Wahhabism and US Foreign Policy - Connect the Dots

In 1971, Nixon de-tethered the dollar from gold thereby making it a 100% paper-electronic fiat currency.  But there is way more to the story and The Daily Reckoning sums it up perfectly with quotes from Jim Rickards book The Death of Money.
Did you know that when Nixon made his ‘temporary suspension’ of the Bretton Woods Agreement that gold would back currencies around the world that the gold standard didn’t die right then and there? No, it took four years before the gold standard/Bretton Woods was euthanized.

“But the dollar immediately began to lose ground which is exactly what Nixon wanted it to do, for he had tons of debt left over from President Johnson’s great society, and Vietnam War, and needed to print dollars and get them weaker to pay down loans with cheaper dollars....

The “dollar monopoly in energy trade” is another legacy of 1971: In 1974, Secretary of State Henry Kissinger cut a deal with the Saudi princes: Saudi Arabia would price oil in U.S. dollars and use its clout to get other OPEC nations to do the same. In return, the U.S. government agreed to protect Saudi Arabia and its allies against foreign invaders and domestic rebellions.  Link here.
The green (color of Islam) flag of Saudi Arabia contains 2 things:  a sword and an inscription in Arabic "There is no god but Allah".  The sword is very significant Muslim symbol because chopping off heads as an implement of terror against infidels constitutes the symbolic power of Islam religiously, culturally, politically and historically.

The deal that Kissinger, a Jew no less, cut with the anti-Semitic House of Saud and Sunni Salafist Wahhabism was far dirtier and evil than anybody could ever imagine. In Saudi Arabia, Jews are banned from the country and every religion except Islam is also banned and the death penalty for practicing any religion except Islam has been enforced, usually by publicly beheading infidels (the term Muslims use for non-Muslims) as sorcerers and witches.

America and Europe effectively agreed to military bankroll the expansion of Sunni Salafist Wahhabism and jihad against the West, Christianity and other non-Muslim and even moderate Muslim nations, sometimes overtly but mostly covertly and this was accomplished through the massive importation of Sunni Muslims into Europe and the US, along with their radical jihad Imams, mosques and Islamic centers all of which were financed with Sunni Salafist Gulf money.  While the concept of separation of church and state are codified into western (European and US) law, it's appropriate and valid to state that the only state supported religion in Europe and the US is Sunni Salafist Wahhabist Islam.  Many radical Sunni Muslims teach in western public schools and western prison systems are loaded with taxpayer funded Muslim clerics.

As Europe and America ponder the horror of how many western coverts to Islam are among ISIS butchers, the answer is simple.  We allowed this to happen.

Besides facilitating and spawning the rise of the most radical form of Islam ever to exist and largely on western soil where Islam used to be close to non-existent, the West and its banksters didn't really care so long as these evil Sunni Salafist Wahhabist Muslims continued to trade oil in dollars, thus preserving the petro-dollar and the dollar as the world's reserve currency.

The logical question is:  why would the West do such things and purposely destroy western culture? At the elite level, they are very comfortable with Sunni Salafist Wahhabism.  In fact, many western elites admire the ability of tyrants like the House of Saud and Islam to control populations while guarantying that the people never revolt for liberty; this is largely accomplished by rigidly imposing religion into every facet of daily living and vigorously oppressing those who reject theocracy. Women have no rights under Islam and homosexuality is considered an offense warranting the death penalty in some Muslim nations.

If there is one thing that western elites fear more than anything, it's Saudi Arabia and other Gulf nations pulling the rug out from under the petro-dollar and trading oil in non-dollar currencies.  This would immediately crash the dollar, the entire western banking system and America would be nothing more than just another bankrupt banana boat republic.  It's critically important to understand the vast and absolute power of being the world's reserve currency.  The demise of the petro-dollar would wipe out Wall Street and every central bank on the planet.

For the first time ever, western elites feel threatened because new players have arrived on the scene and they are swimming in oil and gas.  Russia has the largest natural gas reserves on the planet and it's oil reserves rival that of Saudi Arabia.

Top Natural Gas Reserves by Country 2014, here.
Russia has 1,688.00 trillion cubic feet
Iran has 1,193.00 trillion cubic feet
Qatar has 885.29 trillion cubic feet
Turkmenistan has 265.00 trillion cubic feet
US has 308.44 trillion cubic feet

Not only is the West committed to importing Sunni Muslims, mosques, Islamic centers and jihadists as well as arming, funding and protecting them and their murderous groups like ISIS, the West is also committed to preserving the OPEC energy cartel from any threatening competition.  With Russia being the new big energy player, the West is now committed to locking up Russia's enormous natural resources in energy to protect OPEC and it's monopolistic powers, as well as the DOLLAR as the world's reserve currency.

As western central banks, especially the Federal Reserve and Bank of England, increasingly become the focus of attention following Wall Street's 2008 meltdown that was immediately rescued with trillions of electronically created fiat money and bond buying, which was nothing more than welfare for rich investors, the volatility of western central banking finally started to get some much need attention.   Banks are swimming in bad loans and writing off all the bad debt paper would bankrupt every western bank by wiping out its capital.  Hence, the urgency of doing anything and everything to keep a failed fiat financial system from collapsing, as it should, is the only priority of banksters, governments, globalists and the NWO that controls all economic activity.

The deviously evil House of Saud understands that it literally owns the West, that the West will do anything to preserve the dollar as the world's reserve currency, including Islamizing western nations and funding the expansion of Sunni Salafist Islam, it's violence and it's jihads.

The West wasn't duped - all the players fully understood what they were consenting to but corporate power,  bankster power and empire trumped everything, including preserving western styled liberty, law and culture.

Counterpunch published an extraordinary Q & A interview with Zbigniew Brzezinski in 1998 titled How Jimmy Carter and I Started the Mujahideen.  Brzezinski was Carter's National Security Advisor.

Q: The former director of the CIA, Robert Gates, stated in his memoirs ["From the Shadows"], that American intelligence services began to aid the Mujahadeen in Afghanistan 6 months before the Soviet intervention. In this period you were the national security adviser to President Carter. You therefore played a role in this affair. Is that correct?

Brzezinski: Yes. According to the official version of history, CIA aid to the Mujahadeen began during 1980, that is to say, after the Soviet army invaded Afghanistan, 24 Dec 1979. But the reality, secretly guarded until now, is completely otherwise: Indeed, it was July 3, 1979 that President Carter signed the first directive for secret aid to the opponents of the pro-Soviet regime in Kabul. And that very day, I wrote a note to the president in which I explained to him that in my opinion this aid was going to induce a Soviet military intervention.

Q: Despite this risk, you were an advocate of this covert action. But perhaps you yourself desired this Soviet entry into war and looked to provoke it?

Brzezinski: It isn’t quite that. We didn’t push the Russians to intervene, but we knowingly increased the probability that they would.

Q: When the Soviets justified their intervention by asserting that they intended to fight against a secret involvement of the United States in Afghanistan, people didn’t believe them. However, there was a basis of truth. You don’t regret anything today?

Brzezinski: Regret what? That secret operation was an excellent idea. It had the effect of drawing the Russians into the Afghan trap and you want me to regret it? The day that the Soviets officially crossed the border, I wrote to President Carter: We now have the opportunity of giving to the USSR its Vietnam war. Indeed, for almost 10 years, Moscow had to carry on a war unsupportable by the government, a conflict that brought about the demoralization and finally the breakup of the Soviet empire.

Q: And neither do you regret having supported the Islamic [integrisme], having given arms and advice to future terrorists?

Brzezinski: What is most important to the history of the world? The Taliban or the collapse of the Soviet empire? Some stirred-up Moslems or the liberation of Central Europe and the end of the cold war?

Q: Some stirred-up Moslems? But it has been said and repeated: Islamic fundamentalism represents a world menace today.

Brzezinski: Nonsense! It is said that the West had a global policy in regard to Islam. That is stupid. There isn’t a global Islam. Look at Islam in a rational manner and without demagoguery or emotion. It is the leading religion of the world with 1.5 billion followers. But what is there in common among Saudi Arabian fundamentalism, moderate Morocco, Pakistan militarism, Egyptian pro-Western or Central Asian secularism? Nothing more than what unites the Christian countries.
Stirred up Moslems?  Indeed! The Saudis have dumped $100 billion into spreading its evil form of Islam.

Terrorists shaped by Wahhabi petrodollars
Over more than two decades, Saudi Arabia has lavished around $100 billion or more on the worldwide promotion of the violent, intolerant and crudely puritanical Wahhabist sect of Islam that the ruling royal family espouses.... The spread of Wahhabism sparked not only a separatist war against the Russians, but also a good deal of violence among Muslims....

There are similar strands leading back to Wahhabist indoctrination in the histories of very many of the known Muslim terrorists of the last 20 years.

The founder of the sect, Muhammad ibn abd al-Wahhab, was an eighteenth century Muslim zealot allied to the Al-Saud clan who promoted an extreme version of Salafism.
The US isn't fighting ISIS, the current brand of Islamic Sunni butchers on a rampage of murder and head chopping in Iraq and Syria, the US is pretending to fight ISIS when in fact it must support Sunni Salafist Wahhabism or risk having the House of Saud destroy the dollar by trading oil in non-dollar currencies.

The geo-politics of oil are indeed complicated, especially with big new players on the scene like Russia. Yeah, the US made the decision to jump in bed with Muslim butchers to protect the petro-dollar.  The blowback from American global empire builders has wrought devastation upon America's economy, America is bankrupt from endless wars, the phony baloney War on Terror is a joke that only beneficiaries are defense contractors.  Civil liberties have been crushed in America which is now just a Nazified Police State.  Moreover, every US intervention in the Muslim world actually serves to strengthen Saudi Arabia and its powers over us, all while vastly empowering recruitment for Sunni Salafist Wahhabism, radical Islam and its jihads.

Finally, America's neocon-theocons who are ferocious supporters of America's endless wars and the War on Terror are just to blind or stupid to grasp that they are effectively facilitating the spread of radical Sunni Salafist Wahhabist Islam, all in the name of squashing a religion that they perceive as an acute threat to them.

Although I detest Sunni Salafist Wahhabist Islam and consider it evil, I'm not anti-Islam or a Muslim hater. Moreover, I have documented why I believe that Sunni Islam is critical to world peace.  There are Muslims who oppose Wahhabism but many also fear it because of its savagery and butchery, as evidence by the carnage in Syria and Iraq,  The Muslim world remains in turmoil and God forbid that Wahhabism should win.

Why Sunni Islam is Crucial to World Peace and Crushing the NWO

Yet, Wahhabism has a huge advantage - it's got the US military fighting its jihads.  It's got western governments flooding western nations with nutjob Muslims, Saudi trained clerics and Saudi funded mosques.

The US government and Wall Street would rather see the entire planet Islamized than let the criminal banksters go bankrupt and sound money restored.  The US empire cannot exist with sound money.  The military-industrial-security complex cannot exist with sound money.  It can only feed off its victims of fiat central bank currency and the petro-dollar creates plenty of victims for feasting.

So long as the petro-dollar exists, the world will remain an extremely dangerous place and America will just continue on its journey to the black hole of totalitarian tyranny. 

Sunday, September 21, 2014

Age Demographics of the Scottish Secessionist Referendum - Old Folks and Fear Killed Liberty

An astounding 73% of Scots 65 years of age and older voted NO and 57% of the 55-64 age group voted NO on Scotland's secessionist referendum.

All other age group hit YES at 51% to 59%, with the lions share of YES votes (59%) coming from the 25-34 age group.

What does this tell us?  It tells us that old folks don't give a shit about their children and progeny, and are so tethered to Britain's welfare state, its empire and its tyranny that they gladly would sacrifice anything for the privilege of compliant subservience.

In many ways, the Scottish vote demographics reminds me of America's Republican Party that is dominated by old, white folks who control Republican primaries; they consistently vote for establishment statist candidates.  Like their Scottish counterparts, these folks tend to worship the welfare state, empire, wars, fascism, the military and the wholesale slaughter of civil liberties.  Turns out the Greatest Generation isn't so great after all.

Michael Krieger who blogs at offered some astute observations on the Scottish vote including why the vote can accurately be interpreted as HOPE.

Fear and Loathing in Scotland – Why the NO’s Won and Lessons Learned from the Vote
In the wake of the results, I have witnessed a great deal of bitterness and anger about the vote. While I can relate to such sentiments, I try to take a much more constructive and optimistic approach to the future. First and foremost, we should all be proud that the vote happened at all. So many people within the so-called “liberty movement” are discouragingly extreme pessimists. While proclaiming to fight for liberty, many of them seem to think we are powerless in the face of the powerful. To them, the independence referendum is proof that nothing can ever be changed. I completely disagree with this perspective.

Yes, I believe there are many important takeaways, several of which are instructive going forward.

First, there’s the fact that fear was a driving force behind the NO voters.

Recall that the older lady yesterday (I would guess she was in her 70s) stated that her friends were all voting NO because they were “afraid.”

The NO vote was entirely secured by overwhelming support from those aged above 55. In fact, the “better together” camp failed to win any of the age groups below 55 years of age. For the 65+ crowd it was simply a blowout. 73% of them voted NO. So in a nutshell, old people filled with fear blocked independence. Similarly, fearful old people bailed out the banks in the U.S. several years ago, putting a nail in the coffin of the middle class and the youth generally. See what I am getting at here?

What we now know for certain is that old people in positions of wealth and power, and the ability to frighten others of their generation, is proving to be the most significant obstacle to global change. For those of us who wish to see paradigm shifting changes, this is a very positive realization. For starters, the older generation will gradually fade away, and the promises made to them via pensions will not be on the table for younger generations. Pensions were a huge issue for the 65+ crowd when it came down to their voting decisions....

As a result of the horrific and self-interested choices of older generations, the youth will be left with a much more difficult and uncertain future. This is already happening, but it will worsen considerably following the next severe economic decline, likely to start in late 2015. 
Of course, any rational and informed individual who follows monetary and fiscal issues fully comprehends that western style central banking and its accompanying 'cradle to the grave' entitlement state are on the cusp of imploding and that there is no money to fund these programs (there never was).

In the US, the Social Security Trust Fund is empty and has always been empty simply because Congress immediately stole the money and spent it on wars and other slop while leaving a worthless pile of IOU (US Treasuries) that can never be repaid.  When SS was created, there were 41 workers supporting every beneficiary but that ratio has plunged to 2.9 workers supporting every beneficiary.

Western nations have piled on mountains of debt and taxes in various vote buying schemes over the decades.  The day of reckoning is starting to arrive.  Interest on debt service will continue to rise and eat up larger and larger percentages of government revenues and there will be far less entitlement money to dole out.  Printing 'magical money' out of thin air will only result in massive inflation and currency depredation.

The game is up.  What is left is hope and fear and right now fear is winning.

The young understand that there is nothing for them in a once prosperous western economic system that was totally destroyed by the ravages western elites, statism, corporatism and unfunded entitlement promises, and they seek a glimmer of hope for an otherwise desolate future.  The old cling to fear and a prayer that the bankrupt system will somehow last at least until they exit this earthly paradise.

It's an economic lose-lose for everybody as well as a blueprint for future generational warfare in a statist society where nobody will have much of a future, young or old.

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