Archive for August, 2010

The Masses are Awakening

Posted: August 27, 2010 in Uncategorized

“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”

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Ron Paul wants an audit of the United State’s Gold Reserves.  It’s been thirty years since any inventory check and public record catalog of the US/Federal Reserve System Banks physical Gold Holdings.

The Globalists have no manners.

Posted: August 24, 2010 in Uncategorized

Obama To Replace Washington on the Dollar Bill?

Writes Fastcodesign.com: “It took George Washington 72 years to get on the front of the dollar bill. SF-UK design firm Dowling Duncan wants to put Barack Obama on it now. In blue. The Obama bill anchors their sweeping concept for redesigning U.S. banknotes, which also includes plastering a tepee on the five, the Bill of Rights on the 10, and FDR on the 100 — each in its own technicolor hue. The impetus: The greenback has an image problem. It has come to represent everything that’s wrong with the American economy, and worse, with its cartoonish graphics and vaguely sinister styling, it actually looks the part.” Of course, that’s right, but we need gold and silver coins, not more fiat money featuring dictators. Read the rest, and don’t miss the chilling FDR design. (Thanks to Mike ‘in Tokyo’ Rogers)

Divide And Conquer

Posted: August 23, 2010 in Uncategorized

A united America can not be defeated.  It is the goal of the globalists to divide Americans through race and religion to further their world government agenda.

It has now come out that the co-owner of Fox News is the main financier of the Imam proposing the mosque. The mosque Imam is hooked in with the CFR and other top globalist organizations, the evidence is conclusive, this is a divide and conquer operation.


Dr. Paul Craig Roberts is the father of Reaganomics and the former head of policy at the Department of Treasury. He is a columnist and was previously an editor for the Wall Street Journal. His latest book, “How the Economy Was Lost: The War of the Worlds,” details why America is disintegrating

The United States is running out of time to get its budget and trade deficits under control.  Despite the urgency of the situation, 2010 has been wasted in hype about a non-existent recovery.  As recently as August 2 Treasury Secretary Timothy F. Geithner penned a New York Times column, “Welcome to the Recovery.”

As John Williams (shadowstats.com) has made clear on many occasions, an appearance of recovery was created by over-counting employment and undercounting inflation. Warnings by Williams, Gerald Celente, and myself have gone unheeded, but our warnings recently had echoes from Boston University professor Laurence Kotlikoff and from David Stockman, who excoriated the Republican Party for becoming big-spending Democrats.

It is encouraging to see some realization that, this time, Washington cannot spend the economy out of recession. The deficits are already too large for the dollar to survive as reserve currency, and deficit spending cannot put Americans back to work in jobs that have been moved offshore.

However, the solutions offered by those who are beginning to recognize that there is a problem are discouraging. Kotlikoff thinks the solution is savage Social Security and Medicare cuts or equally savage tax increases or hyperinflation to destroy the vast debts.

Perhaps economists lack imagination, or perhaps they don’t want to be cut off from Wall Street and corporate subsidies, but Social Security and Medicare are insufficient at their present levels, especially considering the erosion of private pensions by the dot com, derivative and real estate bubbles. Cuts in Social Security and Medicare, for which people have paid 15 per cent of their earnings all their lives, would result in starvation and deaths from curable diseases.

Tax increases make even less sense. It is widely acknowledged that the majority of households cannot survive on one job. Both husband and wife work and often one of the partners has two jobs in order to make ends meet. Raising taxes makes it harder to make ends meet–thus more foreclosures, more food stamps, more homelessness. What kind of economist or humane person thinks this is a solution?

Ah, but we will tax the rich. The rich have enough money. They will simply stop earning.

Let’s get real.  Here is what the government is likely to do.  Once  Washington realize that the dollar is at risk and that they can no longer finance their wars by borrowing abroad, the government will either levy a tax on private pensions on the grounds that the pensions have accumulated tax-deferred, or the government will require pension fund managers to purchase Treasury debt with our pensions. This will buy the government a bit more time while pension accounts are loaded up with worthless paper.

The last Bush budget deficit (2008) was in the $400-500 billion range, about the size of the Chinese, Japanese, and OPEC trade surpluses with the US. Traditionally, these trade surpluses have been recycled to the US and finance the federal budget deficit. In 2009 and 2010 the federal deficit jumped to $1,400 billion, a back-to-back trillion dollar increase. There are not sufficient trade surpluses to finance a deficit this large. From where comes the money?

The answer is from individuals fleeing the stock market into “safe” Treasury bonds and from the bankster bailout, not so much the TARP money as the Federal Reserve’s exchange of bank reserves for questionable financial paper such as subprime derivatives. The banks used their excess reserves to purchase Treasury debt.

These financing maneuvers are one-time tricks. Once people have fled stocks, that movement into Treasuries is over. The opposition to the bankster bailout likely precludes another. So where does the money come from the next time?

The Treasury was able to unload a lot of debt thanks to “the Greek crisis,” which the New York banksters and hedge funds multiplied into “the euro crisis.” The financial press served as a financing arm for the US Treasury by creating panic about European debt and the euro. Central banks and individuals who had taken refuge from the dollar in euros were panicked out of their euros, and they rushed into dollars by purchasing US Treasury debt.

This movement from euros to dollars weakened the alternative reserve currency to the dollar, halted the dollar’s decline, and financed the US budget deficit a while longer.

Possibly the game can be replayed with Spanish debt, Irish debt, and whatever unlucky country is eswept in by the thoughtless expansion of the European Union.

But when no countries remain that can be destabilized by Wall Street investment banksters and hedge funds, what then finances the US budget deficit?

The only remaining financier is the Federal Reserve. When Treasury bonds brought to auction do not sell, the Federal Reserve must purchase them. The Federal Reserve purchases the bonds by creating new demand deposits, or checking accounts, for the Treasury. As the Treasury spends the proceeds of the new debt sales, the US money supply expands by the amount of the Federal Reserve’s purchase of Treasury debt.

Do goods and services expand by the same amount?  Imports will increase as US jobs have been offshored and given to foreigners, thus worsening the trade deficit.  When the Federal Reserve purchases the Treasury’s new debt issues, the money supply will increase by more than the supply of domestically produced goods and services. Prices are likely to rise.

How high will they rise? The longer money is created in order that government can pay its bills, the more likely hyperinflation will be the result.

The economy has not recovered. By the end of this year it will be obvious that the collapsing economy means a larger than $1.4 trillion budget deficit to finance. Will it be $2 trillion? Higher?

Whatever the size, the rest of the world will see that the dollar is being printed in such quantities that it cannot serve as reserve currency. At that point wholesale dumping of dollars will result as foreign central banks try to unload a worthless currency.

The collapse of the dollar will drive up the prices of imports and offshored goods on which Americans are dependent. Wal-Mart shoppers will think they have mistakenly gone into Neiman Marcus.

Domestic prices will also explode as a growing money supply chases the supply of goods and services still made in America by Americans.

The dollar as reserve currency cannot survive the conflagration. When the dollar goes the US cannot finance its trade deficit. Therefore, imports will fall sharply, thus adding to domestic inflation and, as the US is energy import-dependent, there will be transportation disruptions that will disrupt work and grocery store deliveries.

Panic will be the order of the day.

Will farms will be raided? Will those trapped in cities resort to riots and looting?

Is this the likely future that “our” government and “our patriotic” corporations have created for us?

To borrow from Lenin, “What can be done?”

Here is what can be done. The wars, which benefit no one but the military-security complex and Israel’s territorial expansion, can be immediately ended. This would reduce the US budget deficit by hundreds of billions of dollars per year.  More hundreds of billions of dollars could be saved by cutting the rest of the military budget which, in its present size, exceeds the budgets of all the serious military powers on earth combined.

US military spending reflects the unaffordable and unattainable crazed neoconservative  goal of US Empire and world hegemony. What fool in Washington thinks that China is going to finance US hegemony over China?

The only way that the US will again have an economy is by bringing back the offshored jobs. The loss of these jobs impoverished Americans while producing oversized gains for Wall Street, shareholders, and corporate executives. These jobs can be brought home where they belong by taxing corporations according to where value is added to their product. If value is added to their goods and services in China, corporations would have a high tax rate. If value is added to their goods and services in the US, corporations would have a low tax rate.

This change in corporate taxation would offset the cheap foreign labor that has sucked jobs out of America, and it would rebuild the ladders of upward mobility that made America an opportunity society.

If the wars are not immediately stopped and the jobs brought back to America, the US is relegated to the trash bin of history.

Obviously, the corporations and Wall Street would use their financial power and campaign contributions to block any legislation that would reduce short-term earnings and bonuses by bringing jobs back to America. Americans have no greater enemies than Wall Street and the corporations and their prostitutes in Congress and the White House.

The neocons allied with Israel, who control both parties and much of the media, are strung out on the ecstasy of Empire.

The United States and the welfare of its 300 million people cannot be restored unless the neocons, Wall Street, the corporations, and their servile slaves in Congress and the White House can be defeated.

Without a revolution, Americans are history.

When gold and silver continue to behave as a direct currency in the world marketplace, you can begin to use it again as a trusted form of exchange between individuals.  If I owe a 100.00 dollar debt in modern day America and it is private in nature (not between myself and the government or myself and a corporate entity,) a payment due someone who does not take credit cards can be made the following ways;

cash- ie Federal Reserve Notes, no intrinsic value but has value in the current way we exchange goods

coin- treasury issued pieces of change with no intrinsic value other than small amounts of metal depending on the year of issuance.  Reference the Mint removing copper from the One Cent piece during the copper spike in the 1970’s.

check- Federal Reserve notes either withdrawn or deposited into a Federal Reserve System Bank account

Precious metals- ie gold and silver (outside the Federal Reserve System with intrinsic value, the material itself stores some degree of value or purchasing power)

If in 2008 I exchanged 100.00 Federal Reserve Notes for 10, 1 ounce Silver coins, I would be able to pay my current $100 Dollar private debt with 5 of my coins.  If this money was in a Federal Reserve controlled bank, I would have to write a check for $100.00

I now have paid my debt and retained 5, 1 ounce Silver coins, now valued at 100 Federal Reserve Notes.

Time and time again it is fact that when a private citizen today is given the above choices of payment and they are net SAVERS, not debtors, not in need of Federal Reserve sanctioned credit or notes, they would be more willing to receive gold and silver as form of payment.

Fiat currency or hard currency?  Gold has been on a steady incline since it became the policy of the United States to expand it’s bureaucracy and quest for global dominance at the expense of the currency that created the world we know today.

Exchanging goods and services within a community using a hard currency backing will preserve wealth and will fend off the the malinvestment of resources.  http://en.wikipedia.org/wiki/Malinvestment

Stanford “Neill” Franklin
Police (Ret.)

Executive Director, LEAP

“It pains me to know that there is a solution for preventing tragedy and nothing is being done because of ignorance, stubbornness, unsubstantiated fear and greed.”

Neill_Franklin

Major Neill Franklin is a 33-year law enforcement veteran of both the Maryland State Police and Baltimore Police forces. His career has not only spanned three decades, but he’s been promoted and recruited so many times that he jokes, “Every time I turned around, I was in a new position.” He worked the streets. He investigated. He supervised and trained others. Neill oversaw 17 drug task forces, and he instituted and directed the very first Domestic Violence Investigative Units for the Maryland State Police.

Early in his career, Neill served as a narcotics agent with the Maryland State police, focusing on everything from high-level drug dealers in the Washington suburbs to that guy growing one pot plant on his apartment balcony. Neill was proud of his work and proud of the hundreds of arrests he executed. “I had been taught that the people who use and sell drugs are trash, and that we needed to put those people behind bars forever.”

Two people permanently changed his steadfast belief in fighting the drug war: the Mayor of Baltimore, and Ed Toatley, one of the best undercover agents the State of Maryland had ever seen.

Sometime in the mid nineties, Kurt Schmoke, the sitting mayor of Baltimore, declared on television that the drug war was not working. ”We need to have a discussion about where we go from here,” Neill recalls him saying, “because the drug war is not working.” Schmoke put forth the reasoning that fighting a war on drugs was not only violent, but also counterproductive to fighting the high rates of AIDS and Hepatitis C in the city.

“I knew instantly,” Neill says, “that he had said something profound, and that this deserved some looking into.” This was the beginning of Neill’s new direction, and it started with researching and evaluating his own experiences in law enforcement. He compared the areas in his jurisdiction with the people and cases that came across his desk.

“We worked in predominantly white areas, but most of our cases and lock ups were minorities. There were only a couple of cases in the outlying areas that involved whites.”

Not too long after Schmoke’s announcement, Neill’s good friend, Corporal Ed Toatley, was killed in Washington, DC, while making a drug deal as an undercover agent.

“When Ed was assassinated in October 2000, that is when I really made the turn. That’s when I decided to go public with my views. I even contacted my police commissioner at the time and warned him that I was going to start speaking out on this. I didn’t want him to be blindsided.”

The institutionalized racism and cost of life to both civilians and police officers are just two of the many unintended consequences of our drug policy that keep Neill Franklin speaking for LEAP.

In July of 2010, Neill became executive director of Law Enforcement Against Prohibition. Additionally, he volunteers his time by serving on many boards that include Children 1st (a child advocate organization), the Faith Based Community Council on Law Enforcement and Intelligence, the Place of Grace Church, the Anne Arundel Community College Criminal Justice Advisory Board, and board president for TurnAround, Inc. (a domestic violence and sexual assault victim advocacy organization providing counseling and shelter services). Major Franklin is married to Denise, his wife of 26 years and has one son, Brandon.