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Ron Mauer Sr

7th October 2015, 02:13

Fed Plan is Print Money Until System Blows-Bix Weir

By Greg Hunter’s USAWatchdog.com (http://usawatchdog.com/) (Early Sunday Release) Financial writer and analyst Bix Weir is not surprised by the Federal Reserve’s policies because it is all part of the long term plan. Weir explains, “The goal, since we went off the gold standard in 1971, has been to run the financial system as long and as hard as possible, sucking up all the benefits of fiat money, and there are very few attempts to slow this mess down. The idea is to put as much money as you can . . . until you have printed so much money the system implodes. This was a Nobel Prize winning paper in the 1960’s called “On the Road to the Golden Age.” It basically says if you have this freedom and flexibility with the monetary system, run it as hard as you can until people stop accepting the unbacked fiat money, then crash the system and go back to something safe and sound after it all blows up. . . . What they need is a big enough bubble so when it crashes, it take out all the derivatives, the malfeasance of the banks, the good guys and the bad guys and all the things going on behind the scenes. They need the bubble so big, and that’s what they are doing right now is blowing the bubble so big everybody feels the effect of a crash.”
When is the next crash coming? Weir says it will all unwind before “the end of this year.” Weir contends, “The decision will need to be made this year. The banks will, once again, come to Congress and say we need money for a bailout. That decision will be made by the U.S. people, not by Congress, not by the Fed and not by the banks. It’s going to come to the people, and I believe they will say no to bailouts.”

more (http://usawatchdog.com/fed-plan-is-print-money-until-system-blows-bix-weir/)

mgray

7th October 2015, 02:59

Thanks Ron.
I had the slight displeasure of chatting (https://mgray12.wordpress.com/2015/10/06/my-chat-with-ben-bernanke/)with ex-Fed chief Ben Bernanke earlier this week.

I said to him this. My son is studying finance in college. I have told him that the economic theories he is studying are not applicable to what we are going through because of the perversion of central banks intervening in the markets.

Bernanke's answer was: You're right, new theories will need to be developed.

So there you have it. Seven years of intervention and no much to show for it. Four trillion in debt and the ATMs stayed working.

So that said, these markets won't crash because of Uncle Sam in the name of national security will not let that happen. If Citigroup is still open, that's proof positive the feds are rigging the game.

That's

mgray

7th October 2015, 11:24

idiit

7th October 2015, 11:42

Seven years of Fed manipulation into stocks, bonds and commodities have produced nothing. The global economy is at zero growth on average and the central bankers are at a loss for what to do.

the NWO Zionists have made worse worser.

the fed is powerless. the usa gubmint is powerless. USA is moot.

if you take the real inflation out of America's gdp we are already in a severe recession. over 100 million American's can't find a job that pays sustenance level for a family of four. 100+ million americans already live on electronic welfare.

we are going into global economic meltdown and it was intentional. david icke called it; problem, reaction, solution ( attempted NWO coup).

the yuan has just risen to the fourth most used currency globally.

gold back trade will rule global finances very soon.

the $ is toast. all fiat currencies are toast. it's happening as I type. the usa has few valid exports as we have exported our manufacturing and many service jobs overseas. no one wants our gmo food. tobacco is a toxic product. how much jack daniels (liquor) can we export? if the world goes back to peace ( all wars are Zionist bankers wars and Russia just checkmated them is syria) where does that leave our industrial war machine ( including the fact that America will be too broke to keep the gas tanks filled)? big pharma will be embargoed; natural remedies like good nutrition and generics mfg. for 1/000th of big pharma's price gouging methods. the usa has no physical gold! gone!

America is just another third world nation getting by on counterfeiting the world's reserve currency until the world goes to physical bullion backed ( including other valuable commodities) TRADE.

TRADE backed by physical commodities valued by the world will be the new medium of exchange and the usa has effectively very few physical commodities desired by the world to exchange for outsourced goods and services. no gold to back a non fiat currency. this was intentional. this is the Zionist NWO destruction of America's economy.

fait accompli

silk road trade based financial system has won the day. done deal.

Carmody

7th October 2015, 12:42

One cannot play the expansion of credit game thorough forward and front loaded debt, all with fiat currency...in a rigged and forced limit resource system. That was a failure point to be reached, and known to exist, in at least potential (as a brick wall future), right from day one.

Open energy systems are the only thing that can save this attempt at civilization when there are seven billion people around.

The only problem for any given system or ordered hierarchy, is that everything has to change. Right down to the psychological lay and launch point of each individual in that system. Not just change but fundamental change in those individuals.

The only saving grace in it all is that it is actually the people running the system and those invested in the system that have to change the most. They are the pressure, motion and break point in this. And due to how they are wired, it will have to be forcefully enacted upon them --on and into their physiological and psychological break point.

Those who covet power, control and personal safety through projected rage and violence in act, they will all have to be shattered. enough of them so that their 'system' of integration with one another is broken beyond any hope of repair or rebuild. These people do not recognize the base psychology that is at play, here. They do not understand that they are not the solution, but the problem itself - incarnate. They can only have the power they have, the control they have, the feeling of safety they have, if they limit human reach in enterprise and resource, as a closed control loop. Previously (in the physical origins of human psychology) , this was accomplished by environmental controls, all within an environment that seemed, in some ways, at the same time..unlimited. Always another hidden open horizon in a world of pressure and 'stressed into form' limits.

Well, we are now, for the first time in the collective memory and design of the human body, we are brick walling on potentials, due to the design of the psychology of those who desire control over groups of humans. We are doing this globally.

Thus, all control minded and control through violence and limits type of personalities, all of them have to be turned on and identified, turned out.... and either terminated or disabled, permanently.

And then an open world can finally enter the system of humanity via the widespread introduction of free energy or over unity devices, and this will happen concurrently across the world.

And in that, we will return to the idea of justice, and integrity..... as the origin points, the launch points of the people's base psychology will be coming from an unpressured and unleveraged position.

If humanity can show that it can learn limits, understand limits, understand controls, controls of self and controls of projection of self..to gain and hold this in all things, this form of self control.....then humanity can finally be allowed into a world that has no limits.

idiit

7th October 2015, 13:23

^ my take as well, but i'm not that eloquent. :)

according to the ed threads I attend to you are right on the money carmody. they state that the global financial collapse will put nearly everyone's "skin in the game". joe six-pack sheeple will be forced out of his "convenient lies" bubble world. according to several groups there will be a stratification; those that don't adjust will be offered different opportunities than those that do make the necessary transformations.

very interesting times indeed. :)

idiit

7th October 2015, 13:47

http://www.oftwominds.com/photos2015/population-NILF10-15.png

Taurean

7th October 2015, 16:22

I think this is the bombshell we've been waiting for;-

Glencore, Metal Derivatives, Conspiracies & The End Game
Bix Weir

http://www.roadtoroota.com/public/1655.cfm?awt_l=ON33Y&awt_m=3XrjXkVJUKAZ85B

idiit

7th October 2015, 17:08

idiit

7th October 2015, 17:13

^ nice post taurean:

I think this is the bombshell we've been waiting for;- taurean

http://www.roadtoroota.com/public/16...XrjXkVJUKAZ85B

Glencore, Metal Derivatives, Conspiracies & The End Game - Bix Weir

Remember Marc Rich? Many know him as the rich donor that Bill Clinton pardoned in his final act as President on January 20, 1999. That's pretty much all your "Average Joe" knows. If you want to know the real Marc Rich read the book "Metal Men" by A. Craig Copetas and you will get a better understanding of this unique individual.

Marc Rich was born Marcell David Reich but changed his name to present himself as more Anglo-American and less of the poor Jewish immigrant that fled from Germany...he claimed it would be better for business. This name change wasn't the only facade he would portray over the years.

Marc Rich was by far the most successful physical commodity trader in the world from the early 1970's until the day he died in Switzerland in June 2013. There is no disputing that fact. But during that time he and the small group of traders that he trained racked up a laundry list of crimes around the world that would make Al Capone blush. In 1983 he was indicted on 65 criminal counts including racketeering, money laundering, tax evasion and trading with Iran during the US hostage crisis. Facing charges that would have amounted to over 300 years in prison he fled to Switzerland where he ran his global operations for another 18 years until Bill Clinton mysteriously pardoned him and his colleagues in 2001 for reasons unknown to the public.

The true story - the conspiracy story - is that Marc Rich controlled the backbone of the commodity rigging operations run by a group I have come to call the "Bad Guys." As large financial institutions and central banks ran the computer controlled price rigging operations, Rich and his traders were hired, as needed, to control the physical side of these covert operations.

Here's a short list of the Crimes and Conspiracies he played a key part of: hired by Henry Kissinger and the Israeli Mossad in the 1970's to help rig the oil markets in order to set up Petro-Dollar; hired by George Bush Sr. as part of "Project Hammer" to economically destroy the Soviet Union; hired by Bill Clinton in the 1990's to rig the gold and silver markets for the "Strong Dollar Policy" in exchange for the pardons of himself and Pincus Green(Rich's right hand man) also exonerating his accomplices Ivan Glasenberg (now CEO of Glencore) and Claude Dauphin (Majority owner and Chairman of Trafigura who just suspiciously DIED on September 30, 2015).

Although it is still unknown to the public to what extent he played, Marc Rich was knee deep in the Bernie Madoff scandal which was much, much more extensive than the mainstream media portrayal of it as a $65B Ponzi Scheme run by a single person. The Madoff con was how the "Bad Guys" got paid via market rigging programs run out of the secretive 17th floor below the Madoff Investment Securities offices located on floors 18 & 19 of the "Lipstick Building" on 3rd Avenue, NYC. Marc Rich and friends controlled the commodity side of that operation.

If above information isn't enough to make you feel ill, in the 1990's then-Rep. Bob Wise, D-W.Va, unearthed evidence in hearings from the early 1990s which showed that while Rich was still a fugitive the U.S. Mint was a large customer buying metal from one of his companies. The US Mint issued at least 21 separate contracts for various types of metal to the company. Also, in 1988, the US Defense Logistics Agency lifted its bar on contracting with Rich's company while he was still under indictment...so much for being on "America's 10 Most Wanted" list! There were/are people in the US Treasury and at the US Mint that were kneed deep in this global con game.

So what does all these past misdeeds of Marc Rich have to do with the current situation for commodity investors?

That's easy...Glencore PLC is headline news these days and is sitting on suspected derivative losses in the billions. The global financial system is on a "Death Watch" and many are likening the ramifications of Glencore imploding as the next "Lehman Moment".

Let's put the conspiracy pieces together - Glencore at one time was called Marc Rich & Co and owned and operated by the very same Clinton Pardon recipient, Marc Rich. According to court documents around from the world, Rich hired and trained the most unscrupulous, oops, I mean successful commodity traders alive today. Many in the commodity industry call them "The Rich Boys". These are NOT business men but covert commodity trading racketeers who have no county, follow no laws and have no allegiance to anyone. These people can be bought by the highest bidder to do the more unsavory deeds in the underbelly of the already shady physical commodity world. Oil out of Iran, Toxic chemical "disposal" off the Ivory Coast, commodity market price rigging for profit and/or "on consignment" - you name it. Glencore is still headed by one of the co-conspirators in the US indictments against Rich's company, their CEO Ivan Glasenberg.

In the 1990's Glencore was privately owned by Marc Rich but was split into two companies with the exodus of a few of "The Rich Boys" who start an identical operation called Trafigura. Having the two companies kept the spotlight off the Marc Rich entity but it is not hard to imagine these two management teams worked together to foment their market manipulations and operations. In 2011 Glencore went public and Trafigura was kept private to avoid the scrutiny of the regulators and law enforcement. They not only liked the privacy - they needed it.

For over 40 years Marc Rich's companies traded, conspired and rigged commodity markets with practical immunity. Setting up each market rigging operation by either holding back physical inventories or flooding the physical markets with product depending where there was money to be made. Although physical commodity trading can be a great way to make money if you control the majority of the inventory, the real money was to be made in leveraged futures and options contracts...especially when you can significantly influence the supply of physical inventories. Knowing the future outcome of every futures or options bet on commodities can be very lucrative.

Fast-forward to today and it is clear that something has gone wrong at Glencore and Trafigura. Their game is no longer working and being massively leveraged commodity derivative players is not a good thing for "The Rich Boys." Glencore has lost 65% of it's market cap in less than 3 months with a sudden 29% drop on Monday (9/28/15). Their "reported bank debt" is ballooning at over $30B but when you add in operating lines of credit and letters of credit it is closer to $100B...and revenues are falling off a cliff!

The rating agencies are threatening a downgrade from their investment grade rating unless they sell off assets to reduce their debt load and there are rumors that this downgrade would trigger significant metal collateral calls. The problem is that this forced liquidation goes against any good trader's Modus Operandi - NEVER SELL AT THE BOTTOM OF A MARKET!...especially if it would blow up your derivative book.

Trafigura is no better off but they are private and less is known about their problems. In January they were estimated to have $20B in debt but with a much weaker cash flow than Glencore. Again, rumors of collateral calls are spreading. But there is something else happening at Trafigura, the founder and largest shareholder(and one of the original Rich Boys), Claude Dauphin, turned up dead on September 30th (the last day of the 3rd Quarter) in Bogota, Columbia. The company said he died after a battle with cancer but he lived in Switzerland and France - not Columbia. Hmmm. I wonder if he really died or just disappeared to the same tropical island that many rich criminals go for their "afterlife"!

Given the wild stock price fluctuation with Glencore and the rampant speculation about the demise of Trafigura I would venture to say that the commodity rigging game that has been so successful for these people for so many years is now coming to a ugly end. Both companies are well versed in the use of leverage to make enormous amounts of money in any rigged market. Since they had never lost at this game in the past, they most likely were leveraged to the hilt when their trusty operations failed them.

So let the collateral calls begin. Make "The Rich Boys" deliver the physical metal they used as collateral to leverage their nefarious deeds as this was always the End Game for those calling for the end of metal price manipulation - Metal Delivery.

Like all financial conspiracies, the ramifications won't hit the mainstream media until weeks or even months after the damage is done. It was true for Lehman Brother, Enron, AIG and Madoff Investments...but in the end we will find out the truth and then all my friends at GATA and those traveling with me on "Road to Roota" can finally say...

"WE TOLD YOU THE MARKETS WERE RIGGED!!"

May the Road you choose be the Right Road.

Bix Weir

sigma6

7th October 2015, 19:45

Thus, all control minded and control through violence and limits type of personalities, all of them have to be turned on and identified, turned out.... and either terminated or disabled, permanently.

further to the "New alignment for a Peaceful Future" initiative, you have been selected for control minded reprogramming, please report with all required paperwork to the nearest modification center for immediate reprocessing... - Admin Staff of State Selection Committee and Re-orientation Command Post AZW-1128, delegated to the Peace Corp Security Personnel Unit #THX-1138

;-D

sigma6

7th October 2015, 19:50

Apologize for the above I was going to sleep when I wrote it.

The point I wanted to make (but feel I failed) is that The free markets, economics, and statistics employed to speak about the financial picture we face is so perverted by central bank debt issuance that no one including the central bankers know what is going to happen.

Seven years of Fed manipulation into stocks, bonds and commodities have produced nothing. The global economy is at zero growth on average and the central bankers are at a loss for what to do.

No economic theory works anymore, so when some talking head says "that if this, then that" he or she is banking on an outdated theory that in practice doesn't work anymore.

Even the basic tenant of supply and demand has been perverted. Look at US bond offerings. The more they issue the price goes up with yields hitting new lows.

No this is a new paradigm for economic theory of a (mis)managed economy. So for anyone to call for something dire to happen, based on historical precedence is misquided.

the irony is that the US dollar will be a good hedge as a near term investment to protect the value of any holdings, as commodities continue to tumble... mind you, this is contrarian to the "hold gold" investors, but there is just no way gold is going to "explode" to $5,000... it's another rigged market imo (and 2¢)

there's a saying... it goes something like this... when everyone on the street is "in the know" and you are getting the same tip from even the 'shoeshine boy'... run in the other direction... when I was reading gold was going to take off in 1998-2000, absolutely no one was on board... and of course here I am, almost 18 years later... on the other side of the mirror again... lol

and I think I have another post that called the Dow... that it was a short opportunity (back when it was heading toward 18,000 and beyond... or there abouts... ;-)

ThePythonicCow

7th October 2015, 20:45

ThePythonicCow

7th October 2015, 20:58

the irony is that the US dollar will be a good hedge as a near term investment to protect the value of any holdings, as commodities continue to tumble... mind you, this is contrarian to the "hold gold" investors, but there is just no way gold is going to "explode" to $5,000... it's another rigged market imo (and 2¢)
Yes - it collapses toward the center - the US Dollar, and Treasuries become stronger - for a while.

I liken it to being on the first floor of World Trade Center (WTC) One, the morning of 9/11. Everyone in the floors above you is rushing to get to the first floor. The forces of destruction being unleashed on the WTC were far deeper, more fraudulent and more lethal than almost anyone that day imagined.

The US Dollar and its associated debt-paper are the foundation of the current monetary system. Either it, and the fraudulent political, corporate, economic, monetary and financial machinations built on it, collapse, including the US Dollar and US Treasury debt, presenting an existential crisis to the current "government" in Washington, DC and financial markets in New York ... or they don't.

The Dollar, and the (human?) entities behind it are at the ground floor.

The small silver coin under my mattress, and an extra bag of beans in my pantry, are my puny bets that it collapses ... and some popcorn ... either way, this will be quite the spectacle.

Taurean

8th October 2015, 02:16

BOOM

The First Crack: Deutsche Bank Pre-announces Massive Loss, May Cut Dividend

http://www.zerohedge.com/news/2015-10-07/first-crack-deutsche-bank-preannounces-massive-loss-may-cut-dividend

All it takes is a bank who has some security over Glencore to ask for immediate repayment and the show is over. Every loan in the fine print say so. That is why you go broke slowly then all of a sudden.

http://www.zerohedge.com/news/2015-10-07/shocking-100-billion-glencore-debt-emerges-next-lehman-has-arrived

PathWalker

8th October 2015, 15:36

^^ As A Shocking $100 Billion In Glencore Debt Emerges, The Next Lehman Has Arrived
10/07/2015

http://www.zerohedge.com/news/2015-10-07/shocking-100-billion-glencore-debt-emerges-next-lehman-has-arrived

Thanks for the update,
I see no real risk event from the derivatives market.
It is very simple, the finance players are making the rules as they go and are immune to any ramification.
For example the 405 billion$ instant creation, from last month.
If a loss, is risking the institutions they will create enough phoney money as needed.
The businesses trading with USD and controlled by the institutions are at risk of changing handlers.

Put in short, there is no financial risk to the financial institutions inside the USD trade zone.
There is indeed worldwide collapse in USD trade. Diminishing the USD control system. This is a real danger to the elite, and opportunity to other elites.

idiit

8th October 2015, 18:29

Put in short, there is no financial risk to the financial institutions inside the USD trade zone.

^ nobody will take the $fiat in trade and usa imports 1/2 of what it consumes.

http://l.yimg.com/fz/api/res/1.2/.BNLE6JcpMTL0Lz7OeASpg--/YXBwaWQ9c3JjaGRkO2g9MzI3O3E9OTU7dz00NTQ-/https://uttersocial.files.wordpress.com/2014/07/heres-johnny-social-media-lesson-from-the-shining.gif

^^^ errrrrr "here's yuan", real physical gold backed yuan/

China Launches Yuan-Based International Payment System20:14 08.10.2015

Up to 19 major banks were named as direct participants in CIPS, with 38 Chinese banks and up to 140 foreign financial institutions named as indirect participants.

Read more: http://sputniknews.com/business/20151008/1028228289.html#ixzz3o0Cc8gxD

(Currency Wars=Shooting Wars!!)

In Major Escalation, US To Sail Warships Around China's Man-Made Islands In South Pacific
10/08/2015

http://www.zerohedge.com/news/2015-10-08/major-escalation-us-sail-warships-around-chinas-man-made-islands-south-pacific

the entire world is moving away from the toxic $.

America keeps isolating herself while china and Russia are binding the globe via trade backed by physical collateral aka GOLD.

idiit

8th October 2015, 18:50

China, Russia, Norway, Brazil, Taiwan Dump US Treasuries
by Wolf Richter • October 8, 2015

https://pbs.twimg.com/media/CQscQ20WUAAQ0SK.jpg

http://wolfstreet.com/2015/10/08/china-russia-norway-brazil-taiwan-dump-us-treasuries/

LOOKS LIKE THE SELF ISSUED CREDIT CARD BASED ON COUNTERFEITING THE WORLD'S RESERVE $CURRENCY IS COMING TO A RAPID DEMISE.

what happens to America and her citizens when they have to earn their money instead of just creating it out of thin air (debt)?

it's pronounced: 3rd world nation .

idiit

9th October 2015, 19:05

Congress Declares Martial Law as Dollar Rapidly Collapsing: “Living in Last Days of This Republic.”
Mac Slavo
October 8th, 2015

For the second time in a month, the House on Tuesday invoked “martial law” to allow more expeditious consideration of a stopgap spending bill to avoid a government shutdown on Oct. 1.

Crisis is averted – for now.

But the dollar is now an unwanted export commodity. As the U.S. rattles sabers with Russia in its proxy wars, the basis for American power overseas is rapidly collapsing.

•The dollar is collapsing
•China is demanding a “reset” of the global currency standards, which would official end the dollar’s reign as reserve currency
•In its place, a global reserve currency planned since 2009 is forming, using a basket of currencies as value, and SDRs as a drawing mechanism on the global stage
•Putin is fighting with the U.S. openly on multiple fronts, as the War on Terror turns into a Russian offensive in Syria and Ukraine remains tense

•The Federal Reserve faces an existential crisis over its bipolar decisions in furthering quantitative easing and/or hiking the interest rate enough to leave the economy on life support
•Stock market gyrations, looming derivatives disasters, and a system wide economic collapse regularly threaten the financial system, as experts predict collapse as an
inevitable result of the 2008 crisis, and detrimental recovery policies afterwards that have given more power than ever to the banks.
•Procedural martial law was passed in Congress under the guise of confronting the next round of debt ceiling

Now the criminal Congress and shadow government need to use procedural martial law to pass stop-gap spending measures to keep the entire house of cards from coming down.

And who is at fault? We must remember and point to the Rothschild central bank – the Federal Reserve is to blame for all of this. The entire system has been manipulated to wring out the very last dollar from the American people, to bankrupt the Treasury, and to bring the United States of America to its knees – so that a new international currency can rise like a Phoenix from the ashes.”

“We are living in the last days of this Republic.”

http://www.shtfplan.com/headline-news/congress-declares-martial-law-as-dollar-rapidly-collapsing-living-in-last-days-of-this-republic_10082015

the Zionists are hard core ganstas. they asset strip ( bust -out ) by exchanging virtual fiat$ for real assets, then they bring down the whole she-bang.

Taurean

10th October 2015, 01:22

WHEN FIRST YOU VENTURE TO DECEIVE ETC,

How much longer can they keep the lid on this ?

Bank Of England Tells British Banks To Reveal Their Full Exposure To Glencore And Other Commodity Traders

Submitted by Tyler Durden on 10/09/2015 09:49 -0400

http://www.zerohedge.com/news/2015-10-09/bank-england-tells-british-banks-reveal-their-full-exposure-glencore-and-other-commo

Alan

10th October 2015, 02:00

mgray

10th October 2015, 05:36

No capitalist economic theory presupposes this much central bank involvement. Ironically much of Austrian School of economic theory is centered on the individual's action, not central planners.

If your inputs are perverted by CB involvement, then what comes out is perverted. It's the Perversion Constant, (which I just made up). I think I may get a call from Oslo lol.

As far as explaining history, hindsight or revisionist history is 20/20. Anyone can retrofit a theory to a previous event.

Beyond that Alan I'm not sure what you're asking.

bearcow

10th October 2015, 17:20

If your inputs are perverted by CB involvement, then what comes out is perverted. It's the Perversion Constant, (which I just made up). I think I may get a call from Oslo lol.

The rate of classified technology leaked into the public sector/(The perversion Constant* The gullibility of the masses)= The world economic growth rate

lol

ThePythonicCow

10th October 2015, 19:14

No capitalist economic theory presupposes this much central bank involvement.
I would suggest that the current (very) excessive involvement of central banks is not the cause of the deep distress in the financial/monetary/economic systems, but just one of the "end-stage" symptoms, and rather to be expected.

I would also suggest that the natural progression of debt-money based systems, especially those without serious limitations in growth of the monetary base (no longer even pretends to be gold backed, for example) is the exponential growth of debt, which is a manifestation of double entry bookkeeping - someone promises to pay, and someone else expects to receive.

Eventually the promises to pay so vastly exceed any actual capacity to pay that the promises can only be bantered about in faux markets that pretend to trade in the trillions, increasingly divorced from the "real" world markets in food, energy, resources, labor, land, goods and services that trade in the mere billions. The strain of increasingly diverting cash flows to meet debt payment demands makes the basic unit of account (US Dollars, in our case) increasingly precious, while increasingly destroying the ebb and flow of supply and demand in real markets and their proper moderating effect on the health of those markets and economies.

It's like driving a hot-rod with a broken drive shaft ... the tachometer pegs at "11" on a dial that only goes to "10", but the vehicle slows to a stop, belching fire and smoke and making dreadful noises as the engine self-destructs.

This is all a rather natural outcome of attaching an engine (unlimited debt-money) that can increase in power like Moore's law in computers, doubling the world's debt load every 18 months (or whatever) for many decades, to a chassis that only increases at best linearly with human population, or even decreases when limited by the finite resources of this planet.

Eventually the engine goes kablooie. The damage to the drive shaft and transmission gears has already been done. No imaginable engine governor (Fed chair) can do much now, as the trillions they play with are increasingly divorced from the broken shambles of real world markets and production that have been left behind.

We don't have a "clean up in aisle seven" problem on our hands. Rather we will soon have a "find the scattered remains of what used to be our food store, before the massive tornado hit it dead center" problem ... on a world-wide scale.

idiit

12th October 2015, 10:01

Criminals Running THE FED Are Stealing TRILLIONS

http://www.youtube.com/watch?v=OK6IwqGSE5M

^ the best 40 minute explanation of fed criminality I've viewed ( and I've viewed a lot for quite a while).

the interview primarily covers the collateralized debt security (cds) muti $trillion fraud perpetuated by the Zionist criminals running the federal reserve, central banks of other sovereign nations and the world's "too big to fail" ( aka too tied in to the criminal elites to prosecute) major banks.

this interview just primarily deals with the cds fraud and how it is intentionally bankrupting America.

other pieces as big or even bigger are; pentagon losing $8.5 trillion, twin towers biggest bank heist in the history of man, treasury bond fraud ( many T-bonds are sold for every t-bonds owned aka "failure to deliver"), the illegal drug trade run by the cabal elite ( Afghanistan/Iraq/Syria) and mexico ( open borders, fast and furious/sinola drug cartel), haliburton and like military industrial complex contractor frauds, big bank drug laundering profits, and more.

Russia has pulled back the curtain on isis in Syria.

Russia, China, and many more sovereign nations are at this very moment dumping treasuries as fast as they can sell them. the world is going east and leaving America isolated.

soon the nation that consumes twice what they produce for themselves, borrows half of what they spend, destroys any country that stands in the way of the Zionist agenda will be dirt broke.no one will accept Zionist funny money in international trade. soon. very soon.

mgray

12th October 2015, 10:57

ThePythonicCow

12th October 2015, 16:36

The egg heads with economic PhDs cannot plug in to a theory
Yeah - trying to hatch peacocks from goose eggs is difficult.

In other words, they have theories - plenty of them - just none of them work very well to explain the current circumstances.

idiit

13th October 2015, 10:36

China launches global yuan payment system

The odd thing about all this is HSBC (Hong Kong and Shanghai Banking Corporation) owns SWIFT in the first place (as we proved from Bloomberg data in 2013), so who's fooling who? -AK

https://www.rt.com/business/318103-china-payment-system-yuan/
China launches global yuan payment system
Published time: 9 Oct, 2015 10:37

China’s Central Bank has started a global payment system which provides cross-border transactions in yuan. The China International Payment System (CIPS) intends to internationalize the yuan and challenge the US dollar's dominance.

“The establishment of CIPS is an important milestone in yuan internationalization, providing the infrastructure that will connect global yuan users through one single system,” Helen Wong, greater China chief executive at HSBC, was cited as saying by the Financial Times.

CIPS will accept payments in cross-border trade, direct investments, financing and personal remittances. The system is open for operations 11 hours a day. The first CIPS transaction was completed by Standard Chartered Bank for Sweden's IKEA.

Nineteen banks have been authorized to use CIPS; eight of them are Chinese subsidiaries of foreign banks, including Citi, Deutsche Bank, HSBC and ANZ.

READ MORE: China's mega international payment system is ready, will launch this year - report

Prior to launching CIPS international, transfers in Chinese currency could be carried out mostly through offshore clearing banks in Hong Kong, Singapore or London. While the procedure was slow and costly, the new system is expected to significantly reduce the cost and time for money transfers.

China is also trying to reduce its reliance on the global transaction services organization SWIFT.

http://americankabuki.blogspot.com/2015/10/china-launches-global-yuan-payment.html

Benjamin Fulford 10-13-15… “The Khazarian mob is on the run as US military takes over Federal Reserve Board”
Posted on 2015/10/12

“The Chinese coordinated with this [Fed takeover] move by announcing their China International Payments System alternative to the Khazarian controlled SWIFT system meaning their take-over of the US dollar system outside of the United States was proceeding as planned. The implosion of the big Khazarian mafia banks is now just a matter of time.

https://kauilapele.wordpress.com/2015/10/12/benjamin-fulford-10-13-15-the-khazarian-mob-is-on-the-run-as-us-military-takes-over-federal-reserve-board/

Taurean

16th October 2015, 18:17

Looks like the plot is unfolding, Bix Weir is on the ball ;-

The Bad News at the $70T Mega-Derivative holder Deutsche Bank...their chief compliance guru is leaving...fast!

Deutsche Bank Board Member Stephan Leithner to Leave Bank
http://www.wsj.com/articles/deutsche-bank-board-member-stephan-leithner-to-leave-bank-1444937354

"Deutsche Bank AG senior executive Stephan Leithner plans to leave the bank after 15 years, vacating a management-board seat he has held since 2012, according to a person familiar with the matter. Mr. Leithner is chief executive officer for Europe except for Germany and the U.K., and is broadly responsible for the German lender’s regulatory affairs, compliance and human resources."

"Mr. Leithner was among current and former Deutsche Bank executives criticized earlier this year by Germany’s financial watchdog, BaFin, for alleged failures to stop market manipulation and address other cultural shortcomings at the bank. BaFin questioned whether Mr. Leithner was adequately forthcoming with regulators about traders’ roles in efforts to rig financial benchmarks."

And here's an interesting tidbit from Bloomberg...

"The lender plans to sell Postbank in Germany. It’s also considering the sale of its U.S. private-client brokerage, a life-insurance unit and a $250 billion portfolio of credit-default swaps, people familiar with the matter said this month."

BANG, BANG, BANG...now we know who the "counter-party" is on some of the Glencore CDS's!!!

If anyone buys this CDS Portfolio they are either 1) Insane or 2) a Government Entity that will transfer the risk to the people in order to "save the system!"

Stay tuned!

Bix Weir

idiit

19th October 2015, 16:17

Traders Are Panic-Selling T-Bills After Jack Lew Warns Of "Terrible" Debt Limit Accident

The one-month-ish Treasury Bills that mature November 18th are collapsing. Following comments this morning by Treasury Secretary Jack Lew that the US will run out of cash on November 3rd and his warning of a "terrible" debt limit accident,

"Our best estimate is November 3rd is when we'll exhaust what we call extraordinary measures; those are things we can do to manage things. I will run out of things that I can manage on November 3rd," Lew told CNBC's "Squawk Box."

Lew insisted that a hike is not a commitment to new spending but an ability to pay the bills on money already spent

A selloff that started on Friday in T-bills deepened on Monday, sending the yield on the bill maturing on Nov. 12 to the highest level since 2013, when last time the market was rattled by debt ceiling fear. Monday's selloff spread to all four bills maturing during the course of November.

Few expect US to default because debt ceiling is a political issue and investors have experienced such episodes in 2013 and 2011. Still, many cut exposure to bills maturing close to the deadline of debt-ceiling to avoid hassels, as suggested by bill yields in December and January that traded below those on November.

http://www.zerohedge.com/news/2015-10-19/traders-are-panic-selling-t-bills-after-jack-lew-warns-terrible-debt-limit-accident

Ron Mauer Sr

20th October 2015, 18:09

With just $10 (net), you are wealthier than 25% of Americans, according to Credit Suisse

Link (http://www.sovereignman.com/trends/credit-suisse-with-just-10-youre-wealthier-than-25-of-americans-18072/?inf_contact_key=cca4a1f377c3b48608fd6f783a061b16ff57dbf8194263febe6674978ac42843)

"Credit Suisse estimates that half of the world has a net worth less than $3,210. And a large chunk of Americans and Europeans can’t make that cut because their net worth is negative.

That’s especially the case for young people these days, who graduate from university with an incredibly expensive degree and an average of $35,000 in student debt. Of course, plenty of people are in debt up to their eyeballs in the Land of the Free, and not just student debt.

Debt has become the American Way. People go deeply into debt that they can’t afford to buy stuff they don’t need to impress people they don’t know, simply because everyone is doing it.

And it’s just so damn easy." Simon Black

idiit

21st October 2015, 16:26

If Caterpillar's Data Is Right, This Is A Global Industrial Depression

http://www.zerohedge.com/news/2015-10-21/caterpillars-endless-pain-screams-global-depression

we been in a depression imo.

first time I see it called a depression.

take out the quadtrillion$ and trillions euros and other fiat QE "money from nothing" from the global economy and everyone would know it's a depression.

promezeus

23rd October 2015, 15:18

next week is oct 29, the anniversary of the infamous black monday stock market crash of 1929 leading to final bottom in 1932, a staggering 89% drop from the top. Contrary to most observers, the u.s. economy is in many ways more vulnerable now than 1929, and more susceptible to cracking.
The fed raised rates leading directly into the crash in 1929 .
But the huge level of monetary excesses by the fed in the 1920s created the instability.

Are we seeing a repeat?

https://www.youtube.com/watch?t=61&v=7EPTCm9RVRM

promezeus

23rd October 2015, 17:29

There are good guys who want the system to implode to take back control of the monetary system in the United States from these bad guys. So, we are at a situation now where they both want it to happen, and that’s why they have built these bubbles so big. They seem to be making decisions completely off the wall, but truthfully, it is all leading to the same thing. Blow the bubble as big as possible so that it implodes. Then, you will see a fight to get control of the monetary system after the implosion.”

On war, Bix says, “The bad guys right now are trying to start World War III. That is the real dark side of how this thing might end. It will be China and Russia against us, and that is not a good thing.”

Bix Weir is clueless as are almost all of the mainstream AND alternative commentators including zero hedge.
In a nutshell, everything is happening by design, but not the way Weir thinks. The bad guys are simply moving headquarters to the east, but not giving up control of the west either. It's just theatre to consolidate their power while the sheeple's noose gets tightened further. Of course, The best-laid plans of mice and men often go awry.

If you want to get a clue what's really going on:

http://redefininggod.com/2015/10/globalist-agenda-watch-2015-update-78-the-one-two-punch-that-will-knock-down-the-dollar-a-us-debt-ceiling-hit-and-gold-backed-brics-currencies/

Morbid

23rd October 2015, 19:23

its highly advisable to aquire some precious metals and bitcoin while still possible. they are the only financial instruments outside of the current financial system. the latter is at the bottom now so perhaps some research can help.

idiit

2nd November 2015, 18:56

global depression ( already happening) is causing a global decline in demand for oil. prices for oil are way below many drilling sites cost to produce a barrel of oil. the decline in oil revenues ( not to rise anytime soon due to plummeting demand) is causing a global cascade of highly leveraged investments.

Petrodollar Reflux to Hit Treasuries, Other Assets
by ISA Intel • November 2, 2015
Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+Share on RedditPrint this pageEmail this to someone
Oil-producing countries dump assets to fill budget holes.

Executive Report with ISA Intel, Oil & Energy Insider:

The collapse in oil prices is draining oil-exporting countries of revenue. With substantially lower oil revenues, many of the world’s sovereign wealth funds are dropping in value, which has ramifications for the assets they are invested in. The IMF took a look at this connection between oil prices and sovereign wealth funds and raised the possibility that asset prices around the world could be negatively impacted.

Oil-Backed Sovereign Wealth Funds

Sovereign wealth funds emerged in a big way when oil prices started to rise in the early 2000s. An enormous transfer of wealth occurred from oil-consuming countries to oil-producing countries. Countries like the U.S., for instance, had to shell out ever more cash to buy imported oil from, say, Saudi Arabia.

The wealth accumulated in oil-producing countries. Since they needed to put all the surplus somewhere, they setup sovereign wealth funds to invest the money abroad. The IMF says that the total assets from all of the world’s sovereign wealth funds is estimated at $7.3 trillion.

The wealth transfer is clearly visible when looking at the current account balances of several countries. For example, the United States saw its relatively minor current account deficit balloon into a truly massive deficit by 2005, when oil imports peaked and prices rose. Of course, oil-exporting countries saw the mirror image of that experience, with surpluses opening up from 2004/2005 onwards.

The surpluses quickly disappeared following the financial crisis in 2008-2009 – when oil prices crashed below $40 per barrel – but came back relatively quickly following a rapid resurgence in crude prices.

The oil bust that struck last year, however, is something entirely different from the one that occurred in 2009. The collapse in oil prices is not driven by a global economic meltdown; it is a supply-side story. That suggests that the monumental current account surpluses seen in recent years for oil-exporting countries may not come back quickly since there is a low chance of $100 oil again in the near future. The IMF predicts that the combined current account surplus of oil-exporters could rebound to $200 billion by 2020, merely a third of the $630 billion those countries posted in 2011 when oil prices routinely traded above $100 per barrel.

Capital Flows Reverse

So what does all of this mean for sovereign wealth funds and their investments? The world’s largest sovereign wealth funds were made possible by the huge flow of capital into oil-producing countries. The sovereign wealth funds, in turn, reinjected hundreds of billions of dollars into a variety of assets around the world. Notably, a lot of that wealth was plowed into U.S. Treasuries, pushing down interest rates for the U.S., allowing for a large buildup of American consumer debt. Capital also flowed into other assets, such as property, corporate debt, hedge funds, and much more.

Now that the flow has dried up, oil-producing countries are starting to recall some of their investments, pulling out cash that had been parked in an array of assets around the world. Norway’s sovereign wealth fund, the world’s largest, just reported a 4.9% loss in the third quarter, the worst quarterly performance in four years.

The IMF estimates that the combined fiscal surplus of the Gulf Cooperation Council (GCC) – Oil-exporters from the Arabian Peninsula – will flip into a huge deficit. Before the collapse of oil prices, the IMF predicted that the GCC would post a combined $100 billion fiscal surplus for 2015, plus $200 billion between 2015 and 2020. Now the IMF believes the GCC will have a $145 billion deficit this year, which will widen to $750 billion over the next five years. That equals a net change of $250 billion for 2015 and $950 billion for 2015 to 2020.

Trends to Watch

The sums in question are gargantuan, and depending on how they move, they could ripple across the global economy. Here are a few important trends to watch:

Effects on asset management funds

The obvious and more direct effect could be on individual fund managers who manage investments for the sovereign wealth funds. The FT reports that Saudi Arabia has pulled $70 billion out from external asset managers. “Our view is that if the oil price stays where it is, these [oil-rich] funds will continue to take reserves back,” a Moody’s vice-president told the FT. “Longer term, that’s a trend we view to be negative for the [asset management] sector.”

That is bad news for companies like Blackrock (NYSE: BLK) and State Street (NYSE: STT), large wealth management companies. State Street saw $65 billion in capital outflows from its management in the second quarter of 2015. State Street manages $662 million from the Azerbaijan sovereign wealth fund, but the Azerbaijani fund plans on bringing all of that asset management in-house. Blackrock suffered $24 billion in capital outflows.

JPMorgan (NYSE: JPM), Deutsche Bank (NYSE: DB), and UBS (NYSE: UBS) are also likely to be negatively impacted, but are keeping figures close to the vest. A manager from one of the latter companies conceded that the decision by sovereign wealth funds to pull out cash “hit a little close to home for us,” according to the FT.

“Large asset managers will be hit the most, since sovereign wealth funds tend to prefer well-known brands. They will suffer a double whammy: loss of fees and falling asset values,” concluded Amin Rajan, CEO of Create Research.

http://wolfstreet.com/2015/11/02/petrodollar-reflux-to-hit-treasuries-other-assets/

leverage works great in a growing economy. leverage is essentially magnification.

the global depression combined with excessive leveraging of investments is causing a commodity collapse.

this collapse will ripple thru the global economy.

Baby Steps

2nd November 2015, 21:26

Oooh what is happening in Saudi

http://http://www.muslimpress.com/42971/rich-princes-withdraw-all-their-money-from-saudi-banks/ (http://www.muslimpress.com/42971/rich-princes-withdraw-all-their-money-from-saudi-banks/)

Rich princes withdraw all their money from Saudi banks
on: November 01, 2015No Comments Print Email
(Muslim Press) – Based on new reports, all the princes and rich people of Saudi Arabia intend to pull their money out of the country’s banks and they are going to transfer their assets out of the country.

This has created severe financial problems for Saudi regime in a way that King Salman ordered significant limitations to be applied for transferring money out of the country, AWD News reported.

Therefore Saudi banks are required to impose restrictions on large cash withdrawals.

According to the issued statement, transferring more than 500 thousand dollars out of the country is prohibited, unless the trasnferrer presents an official permit from the supreme court.

Saudi Arabia’s internal situation has been radically altered. Its intense media censorship prevents transmission of factual information that could reflect the present catastrophe that Saudi Arabia is facing to the world.

Ron Mauer Sr

2nd November 2015, 22:06

What's happening in Saudi Arabia ... T-R-O-U-B-L-E ... I think.
Trouble for the royal's and more negative impact to the petro-dollar.

idiit

7th November 2015, 19:57

HUGE! BALTIC DRY INDEX LOWEST EVER FOR NOVEMBER IN HISTORY AND CLOSE TO ALL TIME LOW!

Baltic dry index is global shipping index. it's a valued global economy indicator.

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/11/20151106_bdiy1_0.jpg

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/11/20151106_bdiy_0.jpg

Hard to ignore something that has never happened before as anything but a total disaster for world trade and economic growth.

http://zerohedge.com/sites/default/files/images/user5/imageroot/2015/10/20151103_CCFI_0.jpg

http://www.zerohedge.com/news/2015-11-06/its-official-baltic-dry-index-has-crashed-its-lowest-november-level-history

avid

7th November 2015, 20:12

The Baltic Dry Index is brilliant, have watched this for years, and the drain to the far east is obvious. Compounded by covert globalistic trade deals, the 1% corporate ideology is to asset-strip any 'competition' despite home-based, to utilise resources anywhere, despite local opposition. Neutralise us, leave us in slavery. OK - let's not buy anything outsourced from our home country that can be reasonably manufactured here, and place a high duty (not for banksters) on any imported goods. That will motivate us to reinvent ourselves, grow our own, and stop being blindsided by usurist bankster nonsense.

idiit

8th November 2015, 18:04

US Debt Is 3 Times More Than You Think

In a shocking admission for most of mainstream America, the former U.S. comptroller general says the real U.S. debt is closer to about $65 trillion than the oft-cited figure of $18 trillion, thanks to unfunded liabilities which simply cannot be ignored.

Just how big of a problem is this you ask? Well, pretty big, according to Moody’s which, as we noted last month, contends that the largest 25 public pensions are underfunded by some $2 trillion.

http://www.zerohedge.com/news/2015-11-08/us-debt-3-times-more-you-think-former-chief-us-accountant-warns-americans-have-lost-

hey, what's a lousy $65 trillion?

the fed keeps talking about next year, next quarter they're going to raise rates. the interest on $65 trillion is what? :)

oh hell, let the grandkids figure it out.

idiit

9th November 2015, 15:49

And this is what an industrial depression looks like in numbers:

Was: $2.9m | Now: $15,000: Caterpillar 992C wheel loader

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2015/11/6893082-3x2-700x467_0.jpg

http://www.zerohedge.com/news/2015-11-09/what-industrial-depression-looks-photos-australian-heavy-machinery-auction

$trillions of monetary creation has helped cause tremendous asset bubbles. when the bubble pops stand back from the compressed bs "splat attack".

physical gold and silver are pretty much the only two asset classes that are extremely undervalued due to both metal's price valuations being forced down for over 100 years to protect the perceived value of the frn$ created in 1913.

all fiat currencies, many asset classes, even entitlement programs will see their actual tradable worth crash to near 0. your stocks, ira's, etc will be paid out in worthless fiat currency.

protecting your purchasing power ( ie tradable power) is paramount.

we are moving from monetary based on fiat valuations (not-money) to trade based on tradable commodity backed mediums of exchange.

Taurean

9th November 2015, 19:00

In a Post collapse world what will a Baker want in terms of Silver for a loaf of Bread ?

31751

idiit

12th November 2015, 12:39

Shocking, Little-Known Facts About Debt

those evil muslim terrorists are a threat to usury. 9/11 those bastards!

Russia and china are leading the brics alliance away fom debt based not-money; tianjin,south china sea provoations, Ukraine destabilization courtesy of Victoria nuland and $5 Billion us frn ($), Syria ( Russia energy pipeline to Europe) to preserve petrodollar, nato threats to Russia in violation of many signed treaties, etc..... oh yeah isis created by the Zionists to protect the Zionist controlled $frn not-money us$

Shocking, Little-Known Facts About Debt
Posted on November 11, 2015 by WashingtonsBlog

Both liberals and conservatives assume they have a rough idea of how much “the debt” is. But the real numbers are shocking …

Public Debt Is Soaring

Global debt has soared to $199 trillion dollars.

The debt to GDP ratio for the entire world is 286%. In other words, global debt is almost 3 times the size of the world economy. (William Banzai sarcastically suggests we send out a space beacon asking aliens to bail us out.)

The Hill reports:

The former U.S. comptroller general says the real U.S. debt is closer to about $65 trillion than the oft-cited figure of $18 trillion.

Dave Walker, who headed the Government Accountability Office (GAO) under Presidents Bill Clinton and George W. Bush, said when you add up all of the nation’s unfunded liabilities, the national debt is more than three times the number generally advertised.

***

“If you end up adding to that $18.5 trillion the unfunded civilian and military pensions and retiree healthcare, the additional underfunding for Social Security, the additional underfunding for Medicare, various commitments and contingencies that the federal government has, the real number is about $65 trillion rather than $18 trillion, and it’s growing automatically absent reforms ….”

But former Senior Economist for the President’s Council of Economic Advisers and current Boston University economics professor Laurence Kotlikoff says that – when unfunded liabilities are taken into account – the fiscal gap for the U.S. is actually 3 times higher … $205 trillion.

Many states are also deeply in the red … For example:

Illinois faces a $9 billion dollar annual deficit and $159 billion in IOUs
New Jersey faces a structural deficit of $10.2 billion dollars
Pennsylvania has to deal with a $2.3 billion budget deficit
Wisconsin is running a $2.2 billion dollar deficit
And unfunded pension debts of the states collectively total between $1.4 trillion (according to Federal Reserve figures) and more than $3 trillion dollars (according to a Stanford finance professor).

Europe is in poor shape as well. For example:

Greece’s debt is 175% of its GDP
Italy’s debt is 132% of its GDP
Portugal’s debt-to-GDP ratio is 130%
Ireland’s 109%
Cyprus’ is 107.5%
Belgium’s is 106.5%
Asia is not immune:

Singapore’s debt is over 100% of GDP
Japan has the most debt of any country on Earth … with a 245% debt-to-GDP ratio
Private Debt is Also Exploding

Goldman Sachs notes that U.S. corporate debt has doubled since 2008.

Corporate debt in emerging markets has exploded. For example, it’s gone absolutely ballistic in China.

The Telegraph reported in September:

The International Monetary Fund (IMF) has issued a double warning over higher US interest rates, which it said could trigger a wave of emerging market corporate defaults and panic in financial markets as liquidity evaporates.

The International Monetary Fund (IMF) … said corporate debts in emerging markets ballooned to $18 trillion (£12 trillion) last year, from $4 trillion in 2004 as companies gorged themselves on cheap debt.

It said the quadrupling in debt had been accompanied by weaker balance sheets, making companies more vulnerable to US rate rises.

Household debt is also rising in most of the world:

Household debt is “reaching new peaks”. Only in Ireland, Spain, the UK and the US have households deleveraged. According to the study, not only have household debt-to-income ratios continued to rise, they now actually exceed the peak levels in the crisis countries before 2008 in some cases, including advanced economies such Australia, Canada and Denmark.

And young adults are piling it on. For example, student debt in the U.S. has grown to $1.2 trillion.

Does Debt Matter?

Mainstream economists believe that deficits don’t matter … and that private debt doesn’t even “exist“ as a force that acts on the economy.

Indeed, mainstream economists such a Alan Greenspan thought that paying off America’s national debt would be so harmful to the economy that he suggested cutting taxes on the wealthy … to intentionally increase our debt.

People assume that this is a “Keynesian” versus “hawkish” debate … but that’s barking up the wrong tree. We’ve got to get beyond labels to see what’s really happening.

The world’s most prestigious financial institution, known as the “Central Banks’ Central Bank” – the Bank for International Settlements – warned in 2008 that bailing out the big banks would create sovereign debt crises, transferring the banks’ problems to their host nations. That’s exactly what’s happened.

Last year, the head of the Bank for International Settlements said that things have gotten worse:

The world economy is just as vulnerable to a financial crisis as it was in 2007, with the added danger that debt ratios are now far higher and emerging markets have been drawn into the fire as well, the Bank for International Settlements has warned.

A study of 124 banking crises by the International Monetary Fund found that propping up banks which are only pretending to be solvent – instead of forcing them to write off their bad debt – typically shreds the nation’s economy:

Existing empirical research has shown that providing assistance to banks and their borrowers can be counterproductive, resulting in increased losses to banks, which often abuse forbearance to take unproductive risks at government expense. The typical result of forbearance is a deeper hole in the net worth of banks, crippling tax burdens to finance bank bailouts, and even more severe credit supply contraction and economic decline than would have occurred in the absence of forbearance.

Cross-country analysis to date also shows that accommodative policy measures (such as substantial liquidity support, explicit government guarantee on financial institutions’ liabilities and forbearance from prudential regulations) tend to be fiscally costly and that these particular policies do not necessarily accelerate the speed of economic recovery.

***

All too often, central banks privilege stability over cost in the heat of the containment phase: if so, they may too liberally extend loans to an illiquid bank which is almost certain to prove insolvent anyway. Also, closure of a nonviable bank is often delayed for too long, even when there are clear signs of insolvency (Lindgren, 2003). Since bank closures face many obstacles, there is a tendency to rely instead on blanket government guarantees which, if the government’s fiscal and political position makes them credible, can work albeit at the cost of placing the burden on the budget, typically squeezing future provision of needed public services.

Similarly, Bloomberg notes that high debt leads to austerity:

Concerned that high debt loads would cause international investors to avoid their markets, many nations resorted to austerity measures of reduced spending and increased taxes, reining in their economies in the process as they tried to restore the fiscal order they abandoned to fight the worldwide recession.

And contrary to another mainstream myth, military spending is HORRIBLE for the economy … especially in the long-term.

But What About Private Debt?

But what about the global build-up of private debt?

In 2008, the most prestigious financial agency in the world – the Bank for International Settlements (BIS), often described as the “central bank for central banks” – said that failing to force companies to write off bad debts “will only make things worse”.

Moreover:

The recent edition of the Geneva report – “an annual assessment informed by a top drawer conference of leading decision makers and economic thinkers” – finds that the “poisonous combination” of spiraling debts and low growth could trigger another crisis. The report also notes:

Contrary to widely held beliefs, the world has not yet begun to de-lever and the global debt to GDP ratio is still growing, breaking new highs.

And as the Telegraph put it last year:

On a global level, growth is being steadily drowned under a rising tide of debt, threatening renewed financial crisis, a continued squeeze to living standards, and eventual mass default.

In addition, some top economists and economic agencies have recently verified that bubbles cause huge crashes, and are thus bad for the economy. See this, this and this.

Indeed, some Keynesians now acknowledge that “reaction to phases of excessive boom” was one of the primary causes of major recessions.

And that is why, in June 2007, the Bank for International Settlements “warn[ed] of Great Depression dangers from [the] credit spree“:

The Bank for International Settlements, the world’s most prestigious financial body, has warned that years of loose monetary policy has fueled a dangerous credit bubble, leaving the global economy more vulnerable to another 1930s-style slump than generally understood.

“Virtually nobody foresaw the Great Depression of the 1930s, or the crises which affected Japan and southeast Asia in the early and late 1990s. In fact, each downturn was preceded by a period of non-inflationary growth exuberant enough to lead many commentators to suggest that a ‘new era’ had arrived”.

In other words, the bigger the bubble, the bigger the bust. And given that the enormous super-bubble of debt may be about to burst, the world’s skyrocketing might not look very smart in the coming years.

Despite what mainstream economists think, 141 years of history shows that excessive private debt – in and of itself – can cause depressions.

Indeed, an economics professor who bases his analysis on computer models says we’ll have “a never-ending depression unless we repudiate the debt, which never should have been extended in the first place”.

Well-known economist Michael Hudson agrees (starting around 4:00 into video):

If the problem that is grinding the economy to a halt is too much debt, and if no one in the government – in either party – is looking at solving the debt problem, then … we’re going to go into a depression as far as the eye can see.

The Bottom Line

We don’t believe that all debt is good. For example, unlike many Keynesians, we don’t think that paying people to dig holes and then fill them back in helps the economy.

But we also don’t believe that all debt is bad. For example, we think that borrowing money for productive purposes – like funding basic innovation, helping to launch small businesses or re-tool manufacturing equipment – is beneficial.

But public and private debt have both been incurred for non-productive purposes.

For example, a very large chunk of the private corporate debt has gone into massive stock buybacks … to boost the bonuses of a handful of top executives.

In terms of public funding, we’ve fought the longest-running, most-expensive wars in American history … but they’re only decreasing our national security. We might as well flush money down the drain …

Indeed, not only does war lead to debt, but high levels of debt lead to more war. For example, Martin Armstrong argued that war plans against Syria are really about debt and spending:

The Syrian mess seems to have people lining up on Capital Hill when sources there say the phone calls coming in are overwhelmingly against any action. The politicians are ignoring the people entirely. This suggests there is indeed a secret agenda to achieve a goal outside the discussion box. That is most like the debt problem and a war is necessary to relieve the pressure to curtail spending.

Billionaire investor Jim Rogers agrees:

“Add debt, the situation gets worse, and eventually it just collapses. Then everybody is looking for scapegoats. Politicians blame foreigners, and we’re in World War II or World War whatever.”

So do many other top economic advisers.

And virtually none of the public debt has gone into helping the economy. Instead, governments chose big banks over their own people. The huge amount of debt was racked up to bail out the big banks … and it’s still happening.

Central banks have been engaged in the the “greatest backdoor bailout of all time.” Indeed, even mainstream economists are starting to admit that quantitative easing helps the rich … and hurts everyone else.

In essence, the elite financial players are manipulating the game so that they get the stimulus … and the little guy gets the austerity. Indeed, the IMF is recommending “financial repression” of the average person, to plug the giant debt holes created by the bank bailouts.

That’s the opposite of using debt in order to help the main street economy and the average citizen.

Top economists say that Iceland did it right … and everyone else is doing it wrong. Here’s why:

Arni Pall Arnason, 44, Iceland’s minister of economic affairs, says the decision to make debt holders [i.e. the people to whom the debts are owed … mainly bondholders] share the pain saved the country’s future.

Even the IMF points to Iceland as a model for debt write-offs as a way out of its economic slump.

Postscript: Debt-forgiveness was historically considered the cornerstone of both religion and liberty.

http://www.washingtonsblog.com/2015/11/shocking-little-known-facts-about-debt.html

on the street it's called a flex; exchanging something worthless for something of value. the Zionists have not only asset stripped the entire world ( broke) they have placed the entire world in debt; worser than broke!

watch the smart countries default on illegal frn$ denominated debt.

Iceland Defaults On Debt--And Lives!

https://www.stormfront.org/forum/t812694/

the frn$ Ponzi scam is coming down, coming down, coming down...

tnkayaker

13th November 2015, 08:32

TargeT

13th November 2015, 12:32

all fiat currencies, many asset classes, even entitlement programs will see their actual tradable worth crash to near 0. your stocks, ira's, etc will be paid out in worthless fiat currency.

protecting your purchasing power ( ie tradable power) is paramount.

we are moving from monetary based on fiat valuations (not-money) to trade based on tradable commodity backed mediums of exchange.

I took out the biggest loan I could from my retirement portfolio and bought an over sized solar system for my house (which in itself is a very sound investment, as electricity is still around .47 kw/h and the "pay back" on my system will be about 4 years giving me around 14-16 years of "free" electricity and complete independence from the VERY suspect grid down here).

My next investment is a well; then castle walls and sniper towers.

idiit

13th November 2015, 20:29

This will become an epic retirement funding crisis.

It’s pretty appalling when you think about it.

Private pensions are nearing insolvency, and the government’s guarantee agency is insolvent.

Public pensions and retirement funds are also nearing insolvency. And individual retirement funds are completely undercapitalized.

Fast-forwarding to 2015, we can see that none of this turned out quite like they’d expected. The state of retirement in America is now pretty abysmal.

First and foremost, Social Security is desperately, woefully unfunded.

Again, this is not Simon Black’s conjecture. The Treasury Secretary and the Labor Secretary both sign an annual report stating that Social Security is close to “trust fund depletion”.

In fact one of Social Security’s major trust funds is literally days away from running out of money.

Federal retirement trust funds across the board, like the Railroad Retirement Fund, are also nearly exhausted.

Meanwhile, private companies have followed the government’s example, with many private pension funds similarly approaching insolvency.

It's Official: Barack Obama Wants To "Help" You Manage Your Retirement Savings
11/13/2015 :)

But not to worry, once again the federal government is to the rescue.

Last week the Obama administration officially rolled out its MyRA program.

MyRA is a special form of IRA that ‘helps’ Americans save for retirement by making it easy for you to loan your money to the federal government. :)

But the only thing guaranteed is that you’ll lose money… whether through inflation, default, or confiscation.

http://www.zerohedge.com/news/2015-11-13/its-official-barack-obama-wants-help-you-manage-your-retirement-savings

http://monsterrefund.com/wp-content/uploads/2014/03/uncle-sam-I-want-your-money.jpg

idiit

14th November 2015, 11:40

Social Security is going to fail.

remember, we already paid out for our social security benefits. :)

Officially, the US government is now $18.5 trillion in debt, and Social Security is the biggest financial sinkhole in America.

Social Security’s various trust funds currently hold about $2.7 trillion in total assets; yet the government itself estimates the program’s liabilities to exceed $40 trillion.

Social Security’s second biggest trust fund, the Disability Insurance fund, will be fully depleted in a matter of weeks.

The US Government Accountability Office recently released a report showing that tens of millions of Americans haven’t saved a penny for retirement; and roughly half of Baby Boomers have zero retirement savings.

This means that there’s an overwhelming number of Americans pinning all of their retirement hopes on Social Security.

more at below link to article:

http://www.silverdoctors.com/congress-proposes-a-chilling-resolution-on-social-security/#more-60262

Ron Mauer Sr

14th November 2015, 19:57

http://projectavalon.net/forum4/attachment.php?attachmentid=31825&cid=1&stc=1

idiit

19th November 2015, 21:39

As Of Today, The Baltic Dry Freight Index Has Never Been Lower

http://www.zerohedge.com/news/2015-11-19/today-baltic-dry-freight-index-has-never-been-lower

Taurean

20th November 2015, 05:31

It's my guess that in an effort to stifle Terrorism all Cash transactions are about to be abolished.

Clearly this will affect the Bankers ability to manipulate the economy with inflation

Maybe they think that being able to Tax every transaction will compensate for this ?

The World's First Cashless Society Is Here - A Totalitarian's Dream Come True

http://www.zerohedge.com/news/2015-11-18/worlds-first-cashless-society-here-totalitarians-dream-come-true

promezeus

20th November 2015, 12:22

if you read the article you linked, you see it's about enslaving us to the debt/credit system which can also be tracked.

idiit

22nd November 2015, 10:07

Global Trade Just Snapped: Container Freight Rates Plummet 70% In 3 Weeks

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/11-overflow/20151119_bdiy2_0.jpg

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/11-overflow/20151121_trade2_0.jpg

http://www.zerohedge.com/news/2015-11-21/global-trade-just-snapped-container-freight-rates-plummet-70-3-weeks

me thinks it's time to admit we are in a global depression.

you don't wait until the barn burns down to get your lifestock ( financial assets) out. plenty of smoke for those that can see.

PHYSICAL gold/silver are real assets that will protect you to some degree from the great fiat currency collapse. what will your ira's, stocks, bank accounts be paid out in if you sell?

promezeus

3rd December 2015, 14:34

http://redefininggod.com/2015/12/preventative-alert-for-an-isis-attack-in-washington-next-week/

…the perfect opportunity for “ISIS” mischief is laid before us.

Be on the lookout for a Paris-style multiple location attack on Washington DC between now and December 11 (most likely during Hanukkah, which starts on December 6). The most likely strike points would be the Capitol Building (to prevent Congress from convening for a budget vote) and the DC-area residences of Congress members (to force the Representatives and Senators to be locked-down in place or dispersed back to their districts). A Capitol Building attack could involve a real or simulated biological agent, chemical weapon, or dirty bomb to keep Congress closed.

Although the government has “continuity of operations” plans that could allow Congress to convene in an alternate location and vote, these plans would not be utilized (because if the globalists carried out such an operation, they would want the desired shutdown to occur – it would be a big propaganda victory for “ISIS”).

http://www.zerohedge.com/news/2015-12-02/fall-america-signals-rise-new-world-order

promezeus

4th December 2015, 01:13

The Fall Of America Signals The Rise Of The New World Order
12/02/2015

Submitted by Brandon Smith via Alt-Market.com,

“The contemporary quest for world order will require a coherent strategy to establish a concept of order within the various regions and to relate these regional orders to one another.” — Henry Kissinger, “Henry Kissinger On The Assembly Of A New World Order”

“[P]art of people’s concern is just the sense that around the world the old order isn’t holding and we’re not quite yet to where we need to be in terms of a new order that’s based on a different set of principles, that’s based on a sense of common humanity, that’s based on economies that work for all people.” — Barack Obama

“We reiterate our strong commitment to the United Nations (UN) as the foremost multilateral forum entrusted with bringing about hope, peace, order and sustainable development to the world. The UN enjoys universal membership and is at the center of global governance and multilateralism.” — Fifth BRICS Summit Declaration

“We support the reform and improvement of the international monetary system, with a broad-based international reserve currency system providing stability and certainty. We welcome the discussion about the role of the SDR in the existing international monetary system including the composition of SDR’s basket of currencies. We support the IMF to make its surveillance framework more integrated and even-handed.” — Fifth BRICS Summit Declaration

Here is where many political and economic analysts go terribly wrong in their examination of current global paradigms: They tend to blindly believe the mainstream narrative rather than taking into account conflicting actions and statements by political and financial leaders. Even in the liberty movement, composed of some of the most skeptical and media savvy people on planet Earth, the cancers of assumption and bias often take hold.

Some liberty proponents are more than happy to believe in particular mainstream dynamics. They are happy to believe, for example, that the growing “conflict” between the East and West is legitimate rather than engineered.

You can list off quotation after quotation and policy action after policy action proving that Eastern governments, including China and Russia, work hand in hand with globalist institutions like the International Monetary Fund, the Bank of International Settlements, the World Bank and the U.N. toward the goal of global governance and global economic centralization. But these people simply will not listen. They MUST believe that the U.S. is the crowning villain, and that the East is in heroic opposition. They are so desperate for a taste of hope they are ready to consume the poison of false dichotomies.

The liberty movement is infatuated with the presumption that the U.S. government and the banking elites surrounding it are at the “top” of the new world order pyramid and are “clamoring for survival” as the U.S. economy crumbles under the facade of false government and central banking statistics. How many times have we heard over the past year alone that the Federal Reserve has “backed itself into a corner” or policy directed itself “between a rock and a hard place?”

I have to laugh at the absurdity of such a viewpoint because central bankers and internationalists have always used economic instability as a means to gain political and social advantage. The consolidation of world banking power alone after the Great Depression is a testament to this fact. And even former Fed Chairman Ben Bernanke has admitted (at least in certain respects) that the Federal Reserve was responsible for that terrible implosion, an implosion that conveniently served the interests of international cartel banks like JPMorgan.

But the Federal Reserve is no more than an appendage of a greater system; it is NOT the brains of the operation.

In his book “Tragedy And Hope,” Carroll Quigley, Council on Foreign Relations member and mentor to Bill Clinton, stated:

"It must not be felt that these heads of the world’s chief central banks were themselves substantive powers in world finance. They were not. Rather, they were the technicians and agents of the dominant investment bankers of their own countries, who had raised them up and were perfectly capable of throwing them down. The substantive financial powers of the world were in the hands of these investment bankers (also called “international” or “merchant” bankers) who remained largely behind the scenes in their own unincorporated private banks. These formed a system of international cooperation and national dominance which was more private, more powerful, and more secret than that of their agents in the central banks."

In “Ruling The World Of Money,” Harper’s Magazine established what Quigley admitted in “Tragedy And Hope” — that the control of the global economic policy and, by extension, political policy is dominated by a select few elites, namely through the unaccountable institutional framework of the BIS.

The U.S. and the Federal Reserve are mere tentacles of the great vampire squid that is the new world order. And being a tentacle makes one, to a certain extent, expendable, if the trade will result in even greater centralization of power.

The delusion that some people within the liberty movement are under is that the fall of America will result in the fall of the new world order. In reality, the fall of America is a necessary step towards the RISE of the new world order. The Rothschild-owned financial magazine The Economist reaffirmed this trend of economic “harmonization” in its 1988 article “Get Ready For A World Currency By 2018,” which described the creation of a global currency called the “Phoenix” over three decades:

"The phoenix zone would impose tight constraints on national governments. There would be no such thing, for instance, as a national monetary policy. The world phoenix supply would be fixed by a new central bank, descended perhaps from the IMF. The world inflation rate — and hence, within narrow margins, each national inflation rate — would be in its charge. Each country could use taxes and public spending to offset temporary falls in demand, but it would have to borrow rather than print money to finance its budget deficit. With no recourse to the inflation tax, governments and their creditors would be forced to judge their borrowing and lending plans more carefully than they do today. This means a big loss of economic sovereignty, but the trends that make the phoenix so appealing are taking that sovereignty away in any case."

"...The phoenix would probably start as a cocktail of national currencies, just as the Special Drawing Right is today. In time, though, its value against national currencies would cease to matter, because people would choose it for its convenience and the stability of its purchasing power."

We are now on the cusp of the “prediction” set forth by The Economist over 27 years ago. The BRICS nations, including Vladimir Putin’s Russia, have all consistently called for the formation of a global reserve currency system under the direct control of the IMF and predicated on the basket methodology of the SDR. This new global system, as The Economist suggested, requires the marginalization of existing power structures and the end of sovereign economic control. Governments around the world including the U.S. would be at the fiscal mercy of the new financial high priests through the use of insidious debt based incentives given or withheld at the whim of the IMF.

China is set to be inducted into the SDR basket in 2015, with specific economic changes to be made by September 2016, a development I have been warning about for years. The "vote" is in and the decision has been finalized. While some in the mainstream media are playing off the rise of the Yuan as meaningless, IMF head Christine Lagarde presents the shift as a major event, not for China, but for the IMF and the SDR which she proudly refers to as the "currency of currencies".

The addition of China to the SDR, I believe, is the next trigger event for the continuing removal of the dollar as the world reserve currency. The monetary shift may explode with speed if Saudi Arabia follows through with a possible plan to depeg from the dollar, effectively ending the petrodollar status the U.S. has enjoyed for decades.

This is, of course, the same IMF-controlled SDR system that Putin and the Kremlin have called for, despite the running fantasy that Putin is somehow an opponent of the globalists.

Putin continues to press the “U.S. as bumbling villain” narrative, while at the same time supporting globalist institutions and the internationalization of economic and political governance. While many people were overly focused on his “calling out” of the U.S. and its involvement in the creation of ISIS in his recent speech at the U.N., they seemed to have completely overlooked his adoration of the United Nations and the development of a global governing body. Putin often speaks at cross purposes just as Barack Obama does — one minute supporting sovereignty and freedom, the next minute calling for global centralization:

"Russia is ready to work together with its partners to develop the UN further on the basis of a broad consensus, but we consider any attempts to undermine the legitimacy of the United Nations as extremely dangerous. They may result in the collapse of the entire architecture of international relations, and then indeed there will be no rules left except for the rule of force."

"Dear colleagues, ensuring peace and global and regional stability remains a key task for the international community guided by the United Nations. We believe this means creating an equal and indivisible security environment that would not serve a privileged few, but everyone."

Putin also proclaimed his support for the UN's fight against "climate change", the same climate change which Secretary of State John Kerry argued was a "contributing factor" in the crisis in Syria and the rise of ISIS. I have written in the past on the fraud of "man made climate change (global warming)" and will not enter that tangent here now, but the point remains that Putin is fully on board with said fraud like all other puppet politicians around the globe:

"...One more issue that shall affect the future of the entire humankind is climate change. It is in our interest to ensure that the coming UN Climate Change Conference that will take place in Paris in December this year should deliver some feasible results. As part of our national contribution, we plan to limit greenhouse gas emissions to 70–75 percent of the 1990 levels by the year 2030."

"It is indeed a challenge of global proportions. And I am confident that humanity does have the necessary intellectual capacity to respond to it. We need to join our efforts, primarily engaging countries that possess strong research and development capabilities, and have made significant advances in fundamental research. We propose convening a special forum under the auspices of the UN to comprehensively address issues related to the depletion of natural resources, habitat destruction, and climate change. Russia is willing to co-sponsor such a forum."

one more issue that shall affect the future of the entire humankind is climate change. It is in our interest to ensure that the coming UN Climate Change Conference that will take place in Paris in December this year should deliver some feasible results. As part of our national contribution, we plan to limit greenhouse gas emissions to 70–75 percent of the 1990 levels by the year 2030. - See more at: http://www.russianmission.eu/en/news/president-vladimir-putin-addresses-...
It is indeed a challenge of global proportions. And I am confident that humanity does have the necessary intellectual capacity to respond to it. We need to join our efforts, primarily engaging countries that possess strong research and development capabilities, and have made significant advances in fundamental research. We propose convening a special forum under the auspices of the UN to comprehensively address issues related to the depletion of natural resources, habitat destruction, and climate change. Russia is willing to co-sponsor such a forum. - See more at: http://www.russianmission.eu/en/news/president-vladimir-putin-addresses-...

Indeed, it has been Putin’s intention all along to support and defend the internationalist framework while at the same time participating in the theatrical East versus West false paradigm:

"In the BRICS case we see a whole set of coinciding strategic interests.

First of all, this is the common intention to reform the international monetary and financial system. In the present form it is unjust to the BRICS countries and to new economies in general. We should take a more active part in the IMF and the World Bank’s decision-making system. The international monetary system itself depends a lot on the US dollar, or, to be precise, on the monetary and financial policy of the US authorities. The BRICS countries want to change this."

The Chinese support the same agenda of an IMF managed economic world:

The world economic crisis shows the "inherent vulnerabilities and systemic risks in the existing international monetary system," Gov. Zhou Xiaochuan said in an essay released Monday by the bank. He recommended creating a currency made up of a basket of global currencies and controlled by the International Monetary Fund and said it would help "to achieve the objective of safeguarding global economic and financial stability."

It is rather interesting how the desires of the BRICS seem to directly coincide with the designs of international bankers. This Hegelian dialectic is perhaps the most elaborate public distraction of all time, with the ultimate solution to the artificially engineered problem being a single “multilateral” but centrally dictated world economic system and world government, i.e., the new world order.

Again, the globalists at the BIS and the IMF require a diminished U.S. dollar, greatly reduced U.S. living standards and a much smaller U.S. geopolitical footprint before they can establish and finalize a single publicly accepted global elitist oligarchy.

If you cannot understand why it seems that the Federal Reserve and U.S. government appear hell-bent on self-destruction, then perhaps you should consider the facts and motivations at hand. Then, you’ll realize it is THEIR JOB to destroy America, not save America. When you are finally willing to accept this reality, every disastrous development since the inception of the Fed a century ago, as well as all that is about to happen in the next few years, makes perfect sense.

This is not to say that the ultimate endgame of the new world order will result in victory. But the cold, hard, concrete evidence shows that internationalists do have a plan; they are implementing that plan systematically; and all major governments around the world are participating in that plan. This plan involves the inevitable collapse and reformation of America into a Third World enclave, a goal that is nearly complete, as I will outline in my next article.

As the U.S. destabilizes, we are not escaping the clutches of the Federal Reserve system, only trading out one totalitarian management model for another. It is absolutely vital that the liberty movement in particular finally and fully embrace this reality. If we do not, then there will truly be no obstacle to such a plan’s success and no end to the tyrannies of the old world or the new world.

ThePythonicCow

4th December 2015, 04:23

Ron Mauer Sr

18th December 2015, 15:20

The UFO Economy 2.0 (copied from an email sent from Forbidden Knowledge TV)

Dark Journalist, Daniel Liszt
interviews his regular guest; a
real-life heroine to many people,
(including me), former Assistant
Housing Secretary and Financial
Expert, Catherine Austin Fitts.

Liszt says this may be "...the
most amazing, insightful, gripping,
stunning and controversial
Dark Journalist episode on
record."

And this is only Part I. Part II
will be fresh out of the editing
room this weekend!

I agree. This is perhaps one of the
most coherent conversations that
I've ever witnessed on the full
range of topics covered by my own
website, FKTV and which are of most
interest to the subscribers and
visitors of FKTV.

Fitts describes the globalist forces
that operate at covert levels in
corporate, government and institutional
roles. She dubs this group "Mr. Global".
During her stint as the Assistant
Secretary of Housing and Urban
Development (HUD) during the George
HW Bush Administration, Fitts had the
opportunity to witness their nefarious
actions, up close. She goes into
harrowing detail of how she ran afoul
of these forces, when she noticed that
$4 billion dollars that had gone missing
from the HUD's budget and ended up
spending eleven years and $6 million
to defend herself against the several
tactics that were used to frame her and
to put her in jail for up to 20 years.

In Fitts' analysis, Mr. Global's ultimate
goal is increased mechanization,
robotics, artificial intelligence, centralized
control, the militarization of local law
enforcement and Total Information
Awareness (i.e., continued dragnet
surveillance), GMO agriculture, the drain
of the Black Budget on virtually all of
our resources and the continued erosion
of the Middle Class, who will be reduced
to spectators to their own demise, via
their own unemployment and debt
slavery.

Fitts stresses the dangers of Common
Core, the US Federal educational program,
which is spreading rapidly throughout
the debt-stressed States, due to the
financial incentives being offered by the
Federal Government to the States to
adopt this nefarious educational program.
Fitts (like most aware, thinking people)
sees Common Core, in conjunction with
GMOs and the tenfold increase in the
administration of vaccines as a way to
engineer American children with their
intellectual capacity curtailed; their
innate, Divine Intelligence destroyed;
able only to function as automatons,
unable to respond to any real, social
interaction, but with perfection on their
SmartPhones. She observes that the
younger generations of are primed to be
programmed and harvested by brainwave-
entrainment technology (i.e. psychotronics/
mind control) on their SmartPhones, that
have the built-in ability to utterly destroy
their capacity for mental growth and
self-determination.

Fitts and Dark Journalist investigate the
controversial subject of advanced UFO
technology and deduce that whoever's
operating this technology must have a big
role in controlling the power structure on
Earth today. Fitts guesses that the trillions
of dollars missing from the American
economy have financed a UFO Economy
via the Black Budget, creating a breakaway
civilization in space - but why? What's
really going on in the Solar System and
why has this secrecy and paranoia become
such an entrenched modus operandi for the
Deep/National Security State?

Fitts sees one last chance for the American
Middle Class to rise up and expose the
forces that have been marshaled against
them and their future generations. While
she criticizes the onslaught of "fear porn"
circulating in both the Mainstream Media
and the Alternative Media she does agree
that America may, indeed be staring down
the dystopian future depicted in so many
Science Fiction movies, over recent decades
- unless the game and the invisible players
inside the matrix are exposed, prosecuted,
sentenced and jailed.

Fitts articulates the objective, balanced
attitude and actions that the people must
take, in order to reclaim their power away
from the corporate and media overlords
linked to the Deep State, who want to
consolidate power quickly, before the
sleeping giant of the American People wake
up and stop their plans for world control.

As she says, "The stakes are whether our
children and grandchildren are going to be
free or slaves. Where this is headed right
now is into slavery and the absence of any
personal, physical, mental or emotional
freedoms.

"You're talking about technology that is
designed to control peoples' bodies, control
their minds, to harvest them, financially -
so, we're really talking about whether we're
going to be slaves or are we going to be
free."

http://www.youtube.com/watch?v=gKSY5ooqY8Y

https://www.youtube.com/watch?v=gKSY5ooqY8Y

Ron Mauer Sr

5th January 2016, 19:23

When the control freaks decide to trigger the economic crash, they will need a scapegoat, someone/something to blame. The blame will likely be assigned to a civil war or foreign war. After a significant amount of discomfort (to encourage compliance), follow up will be the offering of a an engineered solution (already planned) that would otherwise be unacceptable to the general population.

http://projectavalon.net/forum4/attachment.php?attachmentid=32499&cid=1&stc=1

The offered solution may be enhanced with holographic images including:

(1) a religious figure (tailored to the specific audience) directing people to take specific action (new world religion?) that will lead to more dis-empowerment, loss of freedom and subjugation to a new world government (no U.S. Constitution and no Bill Of Rights). Who is the new boss? Same as the old boss (with a new and different image).

Note: It is far easier and less expensive to control a population by establishing religious dogma instead of putting military and police on every street corner.
(2) a false flag ET invasion (Project Blue Beam (https://startpage.com/do/dsearch?nossl=1)) enhanced with real UFO's built here on Earth, designed to unite all countries into a new world government and combine resources to repel the (fake) invaders. The actual invasion occurred many years ago.

The solutions for those who desire freedom, well being, joy, love and truth will be people who are inspired to action with positive ideas, people who have a general understanding of the manipulation, past and present. Solutions will include and not be limited to:

(1) self reliance (education and action) to reduce the influence of manipulators.

(2) replacing fear with respect, cooperation and love for others.

(3) accepting responsibility to change ourselves instead of expecting others to make the needed changes.

http://projectavalon.net/forum4/attachment.php?attachmentid=32500&cid=1&stc=1

http://projectavalon.net/forum4/attachment.php?attachmentid=32501&cid=1&stc=1

It is my hope that humans will become so smart, so clever, so intuitive that manipulation of humans is no longer possible. Inspired action is needed. Are we meditating yet? I could use some divine intervention help to get better connected with Source.

In joy, safety and harmony we step into the unknown.