QUOTES ON ECONOMY
"The goal of the
NSA and its Five Eyes partners in the English speaking world (Canada,
New Zealand, Australia, and especially the UK) is to eliminate privacy
globally. It is to ensure that there can be no human communications that occur
electronically, that evade their surveillance network. They want to make sure
that all forms of human communication, by telephone or by Internet, and all
online activities, are collected, monitored, stored, and analyzed by that
agency and by their allies. To describe that is to describe a ubiquitous surveillance
state. You do not need hyperbole to make that point, and you do not need to
believe me when I say that is their goal. Document after document within the
archive that Edward Snowden provided to us declares that to be their goal.
They are obsessed with searching out any small little crevice on the planet
where some form of communication might take place without their being able
to invade it." ~ unknown
"At last in an
ugly chapter, the banker murders have begun. The initial round is mid-level
bankers, as anticipated. They know too much, yet are not ranked high enough
to be protected. Later comes the upper level murders, as the bankers feed
on each other for survival. When one event happens at upper level (unsure
who), it will stop the earth's financial rotation. Yet another forecast has
come correct, made in 2011 and 2012, whose realization means a final resolution
chapter has begun to unfold." ~ Jackass
"According to a
well-placed source, Washington is now preparing contingency plans to
confiscate and nationalize IRAs and 401(k)s." ~ Larry Edelson
of the greenback is the root cause of global financial and economic crises.
The solution to this is to replace the national currency with a global currency." ~ Justin Yifu Lin (former World Bank
"This selloff in
the emerging markets, with their currencies going down and their interest
rates going up, it is going to be disastrous and there are going to be riots
everywhere." ~ Gerald Celente (JW: also lead to
global currency system breakdown in a chain reaction)
"The federal govt
could not get in the way of an economic recovery with a shutdown. Finally,
the Fed stimulus is working." ~ Michael Santoli (formerly one of
the smart guys on CNBC years ago, now a converted wonk moron and trumpeter
"What about inflation?
We are told that QE is necessary because inflation is too low. Again, really?
I do not know about you but my cost of living has increased dramatically.
My health insurance rose 33% for this coming year after a 10% rise last year.
Gasoline at $3.50 per gallon, this is nearly double in five or six years.
So this is close to 10% year over year. Food? Electricity? What about property
taxes? Are any of these crawling along at under 2%? Is there maybe a little
bit of a disconnect between what is reported and what is real?" ~ Bill Holter (huge disconnect, not small)
"Do not underestimate the [German] Attorney General's power and independence
in getting things his way. There might be some politicians who end up as a
bedside rug. The NSA spying is far worse and breaks more international and
national laws than there are prosecutors to deal with all this criminal actions.
The United States will fall onto
its own sword, as did the East German STASI. People do not understand the
blowback scenarios that always develop in an event driven scenario. An avalanche
cannot be controlled once it comes racing down the mountain, taking all down
with it that lies in its way." ~ The Voice (the process of rejected
contracts has begun)
"This is what Fascists do. They are
obsessed by extreme control at all levels, monitor of communications, movement
of people, movement of money, commitment of federal funds, design of humans
at the chromosome level, psychological control mechanisms, and much more.
They engage in diverse bond fraud and central bank thefts, focusing on the
financial sector for their assaults and capture of nations. They rely upon
war as a business venture to secure supply and to steal other gold along with
mineral wealth, whether stacked conveniently in central bank vaults or lying
in available mine ore deposits. They alienate allies and anger enemies, by
fraud, theft, arrogance, hegemony, immunity from prosecution, invasion of
data systems, and broad disrespect. Then they find themselves isolated with
a failed economy on the home front. So they start a war as a diversion, useful
for capturing the world in their demented viewpoint. They regard themselves
as the global masters from a superior bloodline, and the people as human rodents.
They experiment with genetics for both human control and food control. They
even play god with weather, used as weapon. They ruin all in their path. Yet
they are not recognized as Nazis, probably since they speak English." ~ Jackass
"There is an unresolved
self-contradiction in China's current policies.
Restarting the furnaces also reignites exponential debt growth, which cannot
be sustained for much longer than a couple of years." ~ George Soros (born Gyorgy Schwartz,
business magnate, investor, philanthropist, market manipulator, and syndicate
"It is almost humorous,
and quite predictable. Just as Iran
goes off the radar as a fictional war threat, North
Korea appears on the same phony radar. The rogue nation
is as neutered as it is belligerent, but it is useful for replacing Iran
as boogeyman. The United
States urgently requires a high risk enemy at all times,
both to maintain the high security risk level and to keep the weapons appropriations
game going forever. The other nonsense billboard is a potential war with China.
It will not happen, since China
is purchasing the entire national financial foundation of USA. It will not go to war
with its debtor subjects, since doing so would jeopardize the colonialization." ~ Cato (USMilitary source)
## BANKER HIT SQUAD MURDERS
◄$$$ A NEW CRITICAL PHASE HAS BEGUN... BANKERS ARE DYING, BEING KILLED,
SILENCED BEFORE OFFERING DAMAGING EVIDENCE... THEY ARE NOT COMMITTING SUICIDE,
RATHER BEING SUICIDED, AS IT IS CALLED... THE COMMON THREAD IN MOST IS A COMBINATION
OF FOREX DERIVATIVE FRAUD AND VATICAN INVOLVEMENT... DEAD BANKERS DO NOT TALK... THEY WILL BE DYING
IN DROVES BEFORE TOO MANY MORE MONTHS... A LIST OF PROFESSIONAL HITS EXISTS.
One might believe that three groups of bankers are being targeted. 1) bad guys
who know too much at middle levels but are expendable since not high ranked,
or 2) good guys who discovered too much and are being silenced before they
come forward to authorities, or 3) bad guys who are being cornered, facing
jail time, cooperating in legal cases but also facing execution by their own
clan. The early indication is that most come from group #3, but the Fed economist
qualifies as a good guy from group #2. A great many more bankers will be killed.
A small number will likely commit suicide. The formal police reports will
conclude suicide before any forensic evidence is analyzed, and work vociferously
not to disclose the evidence. Men will be shooting themselves in the back
of the head from five paces. Men will be leaping in front of a stray hail
of bullets. Men will toss themselves out of high rise windows. It will become
a tragic comedy.
The unfortunate fact of legal life as it pertains to big banker crime is that
the mid-level bankers are caught in a grand squeeze. They are precisely whom
the Jackass forecasted would be murdered, the forecast made in 2011 and repeated
in 2012. The victim bankers and financial firm directors know information
that could change the world perception on major institutions ranging from
Wall Street banks to London banks to Vatican banks to government ministries.
The corruption next faces justice, whether in a court of law or the barrel
of a gun, whose extension covers hangings and building leaps. It must remind
observers of the good old days when Clinton witnesses were being removed by the dozens.
Old fashioned justice is happening. We should prefer that protective custody
and witness protection are more effective, so that damning evidence reaches
the court rooms. However, the stakes are too high, and the frauds are in the
$trillions. As The Voice stated two years ago, there will be no trials, only
forced suicides and vanished bankers. See the Before Its News article (CLICK HERE)
for an introductory overview.
In a strange story, the Bank of China has hired a former Goldman Sachs executive
for the New York office. One should not be dismayed, thinking that GSax controls
the Chinese banks. Not at all. Instead, Beijing is plucking information and experience,
learning what they can. They are spending money wisely, for the leverage of
information and channels. The Voice commented, saying "The Chinese
and Russians are strategic thinkers. Yes, the Bank of China
Intl hired Stephen Branton-Speak for his metals market experience. But they
will juice the guy for he is worth and then toss him on to the banker graveyard.
Just wait and see." It will make great theater if he suffers an accidental
death in a few months, after serving a purpose.
◄$$$ STEVE QUAYLE SENDS WORD THAT HIT SQUADS ARE OUT WITH A LIST OF WALL STREET BANKERS... JUSTICE WILL BE METED OUT IN A GANGLAND MANNER...
MAJOR LEGAL CASES ARE MOVING FORWARD... IT COULD BE THAT DOZENS OF PROMINENT
BANKERS AND MID-LEVEL BANKERS ARE IN LINE TO BE REMOVED, SILENCED, AND PUT
IN THE GROUND... THEY KNOW TOO MUCH ABOUT MULTI-$BILLION FRAUD, BUT ARE NOT
THE PRINCES. $$$
Steve Quayle is an interesting figure. He has a past record of countless wrong
stories and fantastic events that never occurred. However, on events already
having taken place, his sources should be heard, since they are filling in
blanks on past events (not future). His banker source V has warned that "big things are going down" as a result of the fact that
the NYFed & bullion banks are now out of physical gold, the pressures
tremendous. Also, he states that the four banker suicides in the past
few weeks were men whose names are on an official Hit List. They are associated
with FOREX fraud. The list might contain dozens of Wall Street bankster figures.
It is unclear how high the names are involved in rank within the bankster
fortress. The Quayle banker source V stated clearly that recent killings are
tied to FOREX fraud, but he completely misses the Vatican
protection and Mafia triggerman angle. A certain convergence might be in progress.
As the end of the gold supply has been reached, the bottom of the gold bins
scraped, the legal prosecutions are coming to the fore. The two factors are
not so much competing as they are intertwined. The V guy indicates that
the New York Fed is in a panic, since no gold bars
are available anywhere in central banks and bullion banks. The end game is
The source V went on to state that Word on the Street is to watch for a top
level American bankster to expire. Hit teams are fully operational, taking
aim on Wall Street. Witness highly visible power broker actions in a coordinated
manner, here and now. Details on the Hit List indicate a high ranking Citibank
executive is in the line of fire, tied in with FOREX fraud. The newly arrived
V, who is highly placed in a major Western bank, revealed that the Hit List
contains 43 names in all. Quayle sums it by saying that desperate times require
desperate measures in the world of monetary control. The FOREX is erupting.
Gold is vanishing. LIBOR will not go away. Deutsche Bank is being squeezed.
The implosion of derivatives coincide with banksters suddenly being suicided.
Some deaths will not be possible to call suicide, as time will tell. The shock
waves of death events and many other scandals are creating turmoil everywhere. So far the deaths are of men wishing to divulge very incriminating evidence,
and information to alter institutional perceptions. See the Quayle article
(CLICK HERE) and the Silver
Doctors article (CLICK HERE).
The race is on to clean house before the cops find data.
Rob Kirby stated, "I would not be shocked if investigations originating
might be behind many things we are witnessing, from bankers falling from windows
ready to reveal the structuring of how and who trades commodities."
The Voice warned in 2012 that Deutsche Bank was the key to bringing down the
Anglo bankers. It is happening.
◄$$$ BEN FULFORD COMMENTED ON BANKER DEATHS... THE TARGETS ARE THREE GROUPS
IN HIS VIEW... THE CRIME SCENE WAS GOLD AND CURRENCY MARKET PRICE FIXING AND
DEEP FRAUD. $$$
The bankster infighting within the banking world is connected, in Fulford's
opinion, with major concerted attacks against JPMorgan, the secret Skull &
Bones society, and the branches of the Bush Family. The mysterious deaths
of three bankers last week were all connected to this battle, according to
his sources at MI-5 (British Govt security agency) and other sources. BenF
supplied the following details.
Gabriel Magee, the JPMorgan banker who died in London, was
an Info Technology specialist dealing with Europe, the Middle East, and Africa,
including Saudi Arabia. He worked on
a market predictive program which spots market movements. These are the closest
ting to financial sector Artificial Intelligence and have generated huge profits.
investigators suspect he was killed to silence him after he spotted and was
about to blow the whistle on huge dollar transfers being made out of the BRICS
William Broeksmit (the Deutsche Bank banker) died after
the big bank pulled out of the Gold price fixing committee and removed its
gold from Paris. Investigators believe the banker
was killed because DBank ran for the exits and stopped helping JPMorgan in
the gold market. JPMorgan now owns 60% of all gold derivatives in the United
States. It owns 65 times more paper gold than it has
physical gold. The White Dragon Family and others are demanding that JPMorgan
hand over physical gold.
The third death was of former Federal Reserve Board economist Michael Dueker,
who was working for an outfit known as Russell Investments. Although still
subject to confirmation, it is likely that Russell Investments is linked to
the Russell Trust that controls Skull & Bones accounts linked to the Council
on Foreign Relations. Dueker may have been silenced because he was about to
blow the whistle on the looting of pension and insurance funds by the Feds.
Snowden confirmed the cross. He summarized as follows. Deutsche Bank executive
Broeksmit was called among the finest minds in his field. Dueker from Russell
Investments ranked among the top 5% of economists, according to published
works. They were at the forefront of the European investigation into JPMorgan
gold and silver price manipulation. Their inside man was the JPMorgan tech
guru Magee who oversaw the bank's computer systems designed for this crime.
For additional information on the derivative connection, see the Golem article
◄$$$ SOME ADDED DETAILS ON BROEKSMIT AT DEUTSCHE BANK AND DEUKER FORMERLY
OF THE STLOUIS FED. $$$
Bill Broeksmit was found hanged in his London
home. His origins include starting interest rate swaps for the former Continental
Bank in Chicago. He moved to Merrill
Lynch to head up interest rate swaps. A major whistle blower lawsuit centered
upon a dispute over Deutsche Bank's credit derivatives. Their marks to market
showed a difference of $12 billion. Broeksmit was caught in the middle of
this dispute in 2011, the investigation ongoing still. He retired in February
2013, a month before David Rossi for Monte Paschi (the Italian bank with Vatican
connections) was himself suicided. A string of murders is related to such
rooted nefarious chambers dating back to the 1980 decade. Both JPMorgan and
Deutsche Bank were involved in swap, derivatives, and convertible contracts
that obscured the big Monte Paschi's losses. The nasty vines connect to an
Italian bank named Antonveneta, and to Grupo Santander. A big loss in the
Madoff Fund was realized by a Santander executive, whose past has been speckled
by drug events and plane crashes. Thanks to Janet Tavakoli for some background
information, as her professional life intersected with Broeksmit. See the
UK Daily Mail article (CLICK HERE).
A Central European bank source pitched in with information. His contacts extend
to the United States. He wrote, "These
guys closely collaborated with the Mafia. Once they talk to the investigating
authorities, they go down or receive immunity. In any case they squealed on
their Mafia partners in crime. Broeksmit was killed to prevent key data to
implicate the Vatican. Dueker was killed
to prevent divulging Bush Family pilferage of federal trust accounts, possibly
used to launder narcotics funds. Knowledge turns out to be a death warrant
one way or the other. Either they would be killed in jail or they would be
tracked down and be killed wherever they try to hide. The deeply culpable
bankers must be sweating bullets for even being pressured with investigations.
Justice will tend to be old-fashioned."
Michael Dueker was the chief economist at Russell Investments. He was found
dead at the side of a highway that leads to the Tacoma
Narrows Bridge in Washington state. The story goes that he fell down a 40-foot embankment,
called an apparent suicide. He once worked on staff as a research economist
at the St Louis Fed. He published dozens of research papers over the past
two decades, many on monetary policy. His most cited work was a 1997 paper
about how the USTreasury yield curve serves as a predictor of economic recessions.
See the Zero Hedge article (CLICK HERE).
◄$$$ ANOTHER JPMORGAN BANKER DIED WHO HAD A REMARKABLE RECORD, BUT WITH
FEW DETAILS... DEAD BUSINESS MEN AND MISSING JOURNALISTS ADD SPICE. $$$
Ryan Crane was an Executive Director in Global Program Trading desk at JPMorgan
in New York. The group was founded in 1999 and has boasted a nearly impeccable
record of flawless trading noted by zero trading losses. There was little
detail surrounding Crane's death. He died at age 37 years, a Harvard graduate,
and 14-year veteran at the venerable JPMorgue. As head of program trading,
he might have known far too much about insider trading with peeks at exchange
market orders. Perhaps he was planning to come forward to share daming information
to the press, and had told the wrong superior manager. Crane oversaw all of
the trading platforms and worked closely with Gabriel Magee of the JPM London
desk, who dived out a high rise JPM office building to his death in Canary
Wharf. By the way, the Magee murder occurred moments
after texting his girlfriend that he would be home shortly. Both Crane
and Magee had had access to the exact same data. The added details came, compliments
of V, the banker hit list source. V concluded the two men knew each other
and had uncovered something, clearly dangerous. JPMorgan has recently
made some very important news. The giant bank has exited the commodities arena.
The adjunct bank to the US Federal Reserve sold the Manhattan HQ at a heavily
discounted (distress, i.e. default) price to the Chinese. See the Zero Hedge
article (CLICK HERE)
and the Silver Doctors article (CLICK HERE).
British born Karl Slym was the managing director of the Tata Motors from October
2012 until his recent death. He served at SGMW Motors (China)
and General Motors India between 2007 and 2011. He was due to be interviewed
as part of a corporate fraud investigation into General Motors India that
led to the recall of over 100,000 cars. The General Motors spokesman said
the company had nothing to hide. Police concluded it would be impossible to
accidentally fall from the small window located on the 22nd floor of the Bangkok hotel. He plunged to his death following a heated argument
with his wife. See the UK Daily Mail article (CLICK HERE).
Then the case of David Bird, the oil markets reporter who had worked at the
Wall Street Journal for 20 years. He vanished without a trace on the afternoon
of January 11th after leaving his New Jersey home for a walk. He was involved in
covering the crude oil & commodity market, which is under investigation
by the US Senate's Permanent Subcommittee on Investigations for possible manipulation.
The FBI is involved in the Bird investigation, but they might be part of a
cover-up at the periphery. See the Wall Street Parade article (CLICK HERE).
With no details, a UK-based communications director at Swiss RE was reportedly
found dead. The re-insurance executive Tim Dickenson died under undisclosed
circumstances. Recall that Swiss RE was involved in large payouts on the World Trade Center
attack after strange shifts in insurance coverage just nine months before
An insurance executive was killed with a nail gun, often a Mafia hit method
to send a certain message. It is doubtful that the crime scene involved the
Gold or FOREX derivatives. The Denver Post reported Richard Talley, founder
and CEO of American Title, was found dead in his home from self-inflicted
wounds. Talley died from seven or eight supposedly self-inflicted wounds from
a nail gun fired into his torso and head. Perhaps he nailed himself to death
from a distance of ten feet (three meters). His firm was under investigation
from insurance regulators. The suiciding of Talley might be related to the
investigation by the Colorado Division of Insurance, which regulates title
companies. See the Zero Hedge article (CLICK HERE).
## NSA ESPIONAGE & BLOWBACK
◄$$$ THE GREAT USMILITARY PURGE CONTINUES... WHAT CLINTON
STARTED, OBAMA IS FINISHING... THE AGENDA IS UNSTATED... ANY OFFICER WHO SPEAKS
ABOUT THE WHITE HOUSE OR POLITICS IS QUICKLY ELIMINATED... IN THE 1990 DECADE,
CLINTON REMOVED ALL OFFICERS WHO PLEDGED DEDICATION
TO THE PEOPLE/CONSTITUTION, AND ELEVATED THOSE LOYAL TO THE BANKER/NARCO SYNDICATE...
THE LIST OF AXED CAREER OFFICERS IS ASTONISHING... THE USMILITARY ELITE ARE
BEING PURGED, BUT THEY ARE ORGANIZING. $$$
Since the Obama Admin began its occupation of the White House, high ranking
military officers have been removed from their positions at an unprecedented
rate. Many retired generals are publicly speaking out about the Great
Purge of the USMilitary that they believe is underway. An agenda is at work.
Dozens of highly decorated military leaders have been dismissed from their
positions over the past few years. The dismissals are astonishing, especially
during a time of peace. During the Clinton Admin, a great many Pentagon brass
figures were removed. The buzz was that those devoted to the Constitution
were purged, devoted to the people. He instead favored those loyal to the
banker syndicate laced dedicated to the narcotics business, called Loyalists.
It seems a deliberate attempt to reshape the USMilitary is fast apace. The president
is removing all those who do not conform to the proper viewpoints. Among the
litmus tests for staying onboard are willingness to kill US citizens as part
of domestic pursuits. Officers who would refuse to cooperate with the new
agenda are being pushed out of the way. Throughout world history, whatever
comes next after a military purge is never good. See Stalin for instance. The USMilitary is being shaped to obey the new totalitarian state agenda,
clearly. The word purge is not too strong for usage in this case. Check
out the story, and read the quotes from honorable soldiers (most very decorated)
discharged with little if any explanation by the commander and chief, usually
after complaints lodged or political comments made. See the End of American
Dream article (CLICK HERE).
Ex-CIA Jim Garrow claims the military purge has actually backfired, the dissed
generals and admirals working toward an organization. Such could be wishful
thinking, as momentum of the purge has years and tremendous activity already.
See the Before Its News article (CLICK HERE).
Think nazi nation.
◄$$$ THE BRITISH GCHQ TAUGHT THE AMERICAN NATIONAL SECURITY AGENCY HOW
TO MONITOR FACEBOOK AND TWITTER IN REAL TIME, ACCORDING TO ANOTHER SNOWDEN
LEAK... THE FBI ROUTINELY REQUESTS THAT BACKDOORS BE CREATED INTO NEW SOFTWARE...
A CERTAIN GOOGLE CHROME BUG LETS WEBSITES MONITOR ENTIRE CONVERSATIONS, EVEN
AFTER MOVEMENT AWAY FROM THE WEBSITE... THE DEVICE ACTUALLY CAN BE ACTIVATED
WITH KEYWORD TRIGGERS. $$$
The security agencies that run the US-UK Fascist states share their cutting
edge research. The Government Communications Headquarters (GCHQ) is the primary
British intelligence agency. The MI-6 is its field operation wing. Apparently,
full spectrum dominance is at work. They taught the USGovt's NSA some tricks
on how to monitor FaceBook and Twitter messages in real time. Obviously, such
devious methods are essential in protecting our freedom and way of life, even
if tens of thousands of citizens suffer violations and countless laws are
broken. See the Russia Today article (CLICK HERE).
The ongoing Facebook fraud continues apace, with disguised value and hidden
function. It has no real value in the Jackass book, but clear tactical function
to the surveillance teams. All invitations that come to my desk (including
those automatically generated) are rejected.
To those who hold true to valuation models, the firm is worth a few hundred
$million maybe, no more. Its bloated market cap is largely based on a heap
of hot air, since the firm is nothing but a giant rack of disk drives run
by obnoxious Zuckerberg lookalikes. Its higher value is only realized by
the NSA types, not shareholders. To be sure, Goldman Sachs shorted the IPO,
then bought into the stock after the glow wore off. No doubt, the Plunge Protection
Team routinely buys the stock, evidence being the FaceBook selection into
the S&P500 index, which is a total TOTAL absurdity. Other important
stocks have failed to qualify for the same volatility in the share price that
FB routinely has exhibited. See the YouTube video (CLICK HERE).
At a recent RSA Security Conference, where the world mucky mucks talk cutting
edge security, Nico Sell was on stage. She announced that her company Wickr
was making drastic changes to ensure its user security. She said that the
company would switch from RSA encryption to elliptic curve encryption. Furthermore,
Sell assured that the service would not provide a backdoor for any agencies.
She runs the risk of being painted a terrorist. As she left the stage, a suit
approached her and introduced himself as an agent with the Federal Bureau
of Investigation. He then proceeded to casually request if she would be willing
to install a backdoor into Wickr that would allow the FBI to retrieve information.
One can only wonder what might happen to her or Wickr if the executive refused.
Think nazi nation. See the Security Watch article from PC Magazine (CLICK HERE).
The recent history is ugly on the creeping encroachment of federal agency surveillance.
The Intel Pentium chip supplanted Motorola in a grand technological wave,
but with a hidden twist. All Pentium chips contained a convenient back
door for the CIA to monitor all internet commerce. The Motorola chips
still are used, more so in cluster arrays that form multi-processor settings.
One must wonder if competing AMD chips also contain the requisite back doors.
Assume yes. Google is deeply involved in surveillance, the evidence being
Mainland China and Cuba which do not permit any Google usage there
or even Google executive to set foot to their countries. Many more twists
in design dot the landscape, not a province of Jackass expertise. The latest
in operating system big brother devices is found in the new MSWindows upgrade.
It is hardly better, with more ample multi-media hooks or more astute integration
or whatever. The next operating system upgrade from Vista is instead loaded with far more back doors, for easier CIA breakins.
They designed portals for more widespread surveillance, probably easier downloads
in opposite direction (when at rest). Anytime a MSWindows automatic upgrade
is done, often forced by nuisance notifications done by default, expect more
monitoring devices to be installed. Of course, it is all done to protect our
freedom and way of life. Any added support for the syndicate would be coincidental.
When Blackberry suffered some extreme technology breakdowns a couple years ago,
the story went much deeper. Their software was so advanced and untouchable
for surveillance that the Langley crew sabotaged it. The Langley
hotshots did the best they could to interrupt all Blackberry usage, given
they could not successfully monitor it. The gesture was a stark shot across
the bow. When SKYPE hit the scene a decade or more ago, it was revolutionary.
Global point to point communication and free. But they sold out to a Yahoo
subsidiary, which sold out to the Langley
crew later on. Narco money in almost unlimited fashion has enabled them to
buy whatever nation or bank or corporation or patented device they wish. Assume
safely that almost all internet communication and commerce is monitored.
A bug (defect, designed perhaps) in the Google Chrome web browser enables
malicious websites to activate your microphone and to actively monitor conversations
in the room containing the computer. The Israeli web developer Tal Ater
library called Annyang. The internet giant dismissed the problem, naturally,
but they lied. In a statement Google brushed aside any immediate threat, claiming
a user must first enable speech recognition for each site that requests it.
In a video the savvy Tal Ater filmed with a voice-over artist, in a demo how
websites that legitimately turn on your microphone to enable speech recognition,
can continue to record and listen in on conversations in the background even
after the user has left the website. His video showed successfully that every
word of the script which was read aloud by the voice-over artist was recorded
by Chrome's speech recognition feature, even after the website was closed.
According to the video, the information captured from the conversation is
then sent to Google's servers, analyzed and then can be directed almost anywhere,
like the NSA center in Utah. The
malicious website could hide information being recorded beneath a banner ad,
Ater suggested. The Chrome bug also enables attackers to program the speech
recognition feature so that it stays dormant, and only starts recording conversations
if the user says certain keywords near the computer. A clever trigger activation. This is Big Brother with advanced intelligence, sponsored by Google, probably
with research funds awarded by the NSA itself. See the UK Yahoo News article
Think nazi nation.
◄$$$ GERMAN TELEVISION CONDUCTED THE FIRST EDWARD SNOWDEN INTERVIEW. THE
WESTERN NATIONS DID NOT COVER IT. $$$
German Television Channel NDR did an exclusive interview with Edward Snowden.
It was uploaded onto the LiveLeak website because the it was believed that
rest of the world is not interested in Edward Snowden in a fully televised
show. This is the first real interview with Edward Snowden, who has been
quietly nominated in Oslo for a Nobel Peace Prize, another story not covered in the Western
press. The Fascist States are painting him as a traitor. Many regard him
as a national corruption whistle blower, and thus a hero. So conclude that
to fascists, Snowden is a traitor, but to freedom advocates he is a hero.
See the Live Leak video (CLICK HERE).
Or see the Before Its News link (CLICK HERE)
that was censored.
◄$$$ SNOWDEN CLAIMS THE USGOVT NSA IS DEEPLY INVOLVED IN INDUSTRIAL ESPIONAGE
ON AN ONGOING BASIS... REFER TO STEALING TRADE SECRETS ON A GLOBAL SCALE,
AND GATHERING DATA ON CORPORATE STRATEGIES... THE BENEFICIARY IS MORE THE
USGOVT SYNDICATE IN CONTROL, WITH A FEW PRIMARY CORPORATIONS IN TRUST. $$$
The vast dragnet operations of the NSA surveillance programs
go far beyond anti-terrorism activity, and into industrial espionage, so claims
whistle blower Edward Snowden. He made the claim on the German television
network ARD TV in an exclusive recent interview. In his first televised appearance
since speaking with journalists Glenn Greenwald and Laura Poitras in Hong
Kong, Snowden spoke at length with German journalist Hubert Seipel on his
current predicament as an exile living in Russia.
This time, Snowden blew the cover off the vast surveillance run by the USGovt
security agencies. The revelations even took the Jackass off guard.
The ARD sources quoted Snowden as claiming the NSA does not limit its espionage
to issues of national security. He gave a specific example of spying against
the German engineering firm Siemens. He said, "If there is information
about Siemens that benefits the national interest of the United States, but have nothing to do with national
security, then take this information anyway." The entire ARD interview
was recorded in Russia. He claimed not to be in possession of
any other key documents in hand then and there. He has passed them onto journalist
Glenn Greenwald and others at the Washington Post, citing no personal influence
any longer over their publication. According to a preview of the interview,
Snowden also discussed reports that American officials want to kill him for
exposing the vast dragnet operations of the NSA. The conflict is ripe on the
question of patriotism. One should never pay much attention to labels of treason
by leaders who trample on the Constitution, who justify murdering civilians,
who wage illegal wars for syndicate contract benefit, and who protect the
Wall Street banker criminal activity. See the Disinfo article (CLICK HERE).
The Jackass position is simple. Those who call Snowden a traitor are fascists.
Those who honor him with the label of patriot are advocates of liberty against
a creeping state which develops the Big Brother role and function.
◄$$$ NSA SURVEILLANCE IS ABOUT BLACKMAIL AS MUCH AS MONITORING ACTIVITY...
THEY ARE GATHERING INFORMATION FOR LEVERAGE LIKE HOOVER
DID, WITH THE HIDDEN MOTIVE TO INFLUENCE KEY DECISIONS... THINK TRADE PARTNERSHIPS
AND TREATIES, ALONG WITH BANK RESERVE MANAGEMENT SCHEMES, EVEN GOLD PURCHASES.
Blackmail has become a key component to internal USGovt policy directives at
the ground level. For instance, a Supreme Court justice might be taped with
a prostitute in a honey trap sex game session. A US
Senator might be taped during a cocaine party with noted dignitaries. A Congressional
committee chairman might be taped in some vile hunting posse on a certain
Texas farm. A high profile politician
might be taped at a Mexican sex farm, where children are occasionally murdered.
The leverage on key decisions rendered, and key legislation produced, and
key policy set, is enormous. They essentially own the leading figures, and
can dictate the decisions and direction of policy itself. One should wonder
if the NSA gathered some data on Angel Merkel and her bathroom habits, or
any masturbation techniques, maybe even playtoy bedroom devices. Perhaps she
has a secret amour, or a favorite bodyguard to whom she enjoys giving a oil
massage. What they might have gathered against Merkel, they could have also
gathered against any number of monitored key leaders.
Harken back to JEdgar Hoover and the prime seminal years of the FBI. Long after
his departure from walking above ground on this earth, Hoover
was revealed to have kept extensive files on presidents, senators, committee
leaders, and other political figures. He used leverage and brokered the information
for the USGovt benefit and his own benefit. Hoover had his own ugly secrets, a gay cross dresser in his private
time. The NSA has grown to become part of the dirt collection for leverage
purposes in numerous arenas. Of course, the purpose is to protect the nation,
its people, and to keep America safe. The purpose is to sustain our cherished
way of life. Try not to puke on the printed pages or PC screen.
By 2012, the storage at the NSA Utah center via digitization
of all voice, video, text, and financial communications over a manged worldwide
network of fiber optic cables allowed the NSA to monitor the globe by penetrating
a mere 190 data hubs. It was an extraordinary economy of effort for both political
surveillance and cyber warfare. Think nazi nation.
In a Top Secret document dated 2012, the NSA revealed to the Five Eyes allies
(Australia, Canada, New Zealand, United Kingdom, with the United States as
core hub) the complete 190 access programs used for penetrating the Internet's
global grid of fiber optic cables for both surveillance and cyber warfare.
Translate to mean for monitor and sabotage, both. The source is the NRC Handelsblad.
The USDept Defense has indeed cut back modestly on expensive weapons and reduced
the size of the USMilitary. In compensation, the USGovt has invested $billions
in the construction of a new architecture for global information control.
Regard it as Big Brother technology and implementation. The USGovt security
agencies have done to monitor the world, what the British Govt has done to
monitor the city of London. Do some napkin accounting on total investment,
or at least some cumulative investment. Add the $791 billion expended to build
the Dept Homeland Security bureaucracy to the $500 billion spent on global
intelligence networks, all costs incurred during the dozen yea rs since 2001. The USGovt security agencies have made a ripe $1.3 trillion investment
in a new apparatus to control world power over information. See the Tom
Dispatch article (CLICK HERE). The Jackass would never
consider living and planting roots in any of the Five Eyes nations, since
they form the backbone of a fascist network manifesting Big Brother. Hey,
it aint top secret no more!
◄$$$ A SIGNIFICANT SATELLITE DEAL BETWEEN FRANCE & THE UAE IS IN DOUBT
AFTER US-ORIGINATED SPY TECHNOLOGY WAS DISCOVERED ON THE EQUIPMENT... ANOTHER
LOST CONTRACT COULD OCCUR, AS A RESULT OF MORE SURVEILLANCE NOT REQUESTED,
NOT WANTED... THE DIRECTION OF BLOWBACK IS TO CANCEL US-CORPORATE CONTRACTS
AND THUS ISOLATE THE FASCISTS AMERICAN STATE FURTHER... THE COLLATERAL DAMAGE
IS THE USECONOMY AND ITS DEDICATED WORKERS. $$$
The sale of two intelligence satellites to the United
Arab Emirates by France
with a nearly $1 billion price tag could go bust. The satellites were found
to contain American technology designed to intercept data transmitted to the
ground station. The equipment, costing 3.4 billion Dirhams (US$930 mn), constitutes
two high-resolution Pleiades-type Falcon Eye military intelligence satellites.
A top UAE defense source has disclosed that they contain specific US-made
components designed to complete the intercepted transmission. An unnamed defense
industry source shared some detailed information. He said "The discovery
[of US-made components] was reported to the deputy supreme commander [Sheikh
Mohammed Bin Zayed] in September. We have requested the French to change these
components and also consulted with the Russian and Chinese firms. If this
issue is not resolved, the UAE is willing to scrap the whole deal. The satellites
would be part of a big package deal. It is not surprising the UAE drives a
hard bargain. They are using it as a layer of power."
The unnamed defense specialist referred to the possibility that the Emirates
may wish to drive the price down for other contracts related to additional
equipment purchases later on, such as for the Dessault Aviation Rafale fighter
jet. The incident has resulted in a flurry of intensive conversations with
Moscow, which along with Beijing
has also been a frequent defense tech supplier to the Gulf state. A reverse
engineering blowback effect is the risk. The Russians & Chinese might
obtain a long peek at the equipment, or a copy of the software fully downloaded.
Think asymmetric damage. Think nazi nation.
One French defense specialist found an inconsistency. He found it unusual that
France had placed US
spy technology onboard its equipment, especially when French usage of the
Pleiades surveillance system is considered to be of critical importance to
its national security. Some savvy observers believe the Arab elite wish to
embarrass the USGovt following extreme conflict and friction. Also, the UAE
threats to scrub the deal might be a ploy to secure a better price from the
French. The NSA flap has many sides and many impact craters on foreign relations.
◄$$$ THE UNITED STATES WAS PERCEIVED WIDELY ACROSS THE WORLD AS THE BIGGEST
THREAT TO WORLD PEACE IN 2013, ACCORDING TO A GLOBAL POLL... WITHOUT EXPLICIT
IDENTIFICATION, THE UNITED STATES IS SEEN AS A WARMONGERING AGGRESSIVE STATE,
NOT A GOOD BUSINESS PARTNER IN PURSUIT OF CAPITAL FORMATION... FURTHERMORE,
THE UNITED STATES FELL BY 13 PLACES TO RANK #46 IN PRESS FREEDOMS. $$$
The United States has been voted as the most significant
threat to world peace in a survey across 68 different countries. Anti-American
sentiment was not only recorded in typical adversary countries, but also in
many allied NATO partners like Turkey and Greece. A global survey conducted by the Worldwide
Independent Network and Gallup at the end of 2013 revealed strong animosity
towards the self-designated US role as the world's policeman. In the poll,
people across more than 60 nations were asked, "Which country do you
think is the greatest threat to peace in the world today?"
topped the list, with a significant 24% of respondents believing America to be the biggest
danger to peace. The US in fact gathered three times as many votes
as any other single nation. Pakistan came in #2 with 8%, with China
close behind at 6% in the #3 spot. A tie was seen for the #4 spot, with Afghanistan, Iran,
Israel, and North Korea in joint fourth
place with 5% of the vote each. A heavy weight of US votes came from respondents
in the Middle East and North Africa, areas most recently
affected by USMilitary intervention. Curiously, the survey revealed a growing
alarm by US citizens. The Americans respondents regard their country as
a global threat, with fully 13% of them voting the US as the major threat to
peace. Think nazi nation.
Latin America pointed the finger at the United
States. The survey showed Peru,
Brazil, and Argentina
all flagged the US
as the most dangerous country. Respondents from many countries voted Israel was the biggest threat
to prosperity. Naturally, nations like Morocco, Lebanon,
and Iraq all chose Israel as the prime threat
to world peace. Next the big weird irony. In the survey participants were
also asked, "If there were no barriers to living in any country of
the world, which country would you like to live in?" Despite being
the perceived as largest threat to world peace, the US
still topped the tables by a narrow margin of 9% over rival nations. Go figure. Chalk it up to extreme ignorance, since citizens of other nations have
absurd impressions of life inside the United States. Most harbor idiotic perceptions
formed in magazines and movies. Almost no Latinos the Jackass has encountered
in seven full years comprehend a hint twit inkling or indication about poverty
in the US, about job insecurity in the US, about executive orders in the US,
about home foreclosures in the US, about bankrupt Social Security in the US,
about gold purchase restrictions in the US, about failed businesses in the
US, about the mass of white trash in our society, of anything about Wal-Mart
being the butt of jokes and odd stories replete with photos. See the Russia
Today article (CLICK HERE).
In a recent World Press Freedom report, the United
States fell by 13 positions, landing in the #46 rank,
next to Romania, Haiti,
hardly distinguished company. The wild card in the calculation is the wide
interpretation of national security as it eclipsed the right of the public
to be informed. The United
States is under the thumb of the Neo-Nazis. A
disturbing retreat from democratic practices has taken investigative journalism
as victim in consequence. Nations once seen as bastions of freedom in
exalted democracies are falling by the wayside. The United Kingdom fell 3 positions to rank #33, next
to Lithuania, Slovenia, and Spain, again hardly proud company. Deterrents
are many and of high profile. Increased efforts to track down whistle blowers
and to plug the sources of leaks has created a hostile atmosphere. The fascist
state tightens in the US
and the UK.
The trial and conviction of Private Bradley Manning and the pursuit of NSA
analyst Edward Snowden were warnings to all those thinking of assisting in
the disclosure of sensitive information that would clearly aid the public
interest. See the entire report in the Reporters Without Borders article (CLICK HERE).
◄$$$ GEORGIA POLICE STRIP SEARCH
DRIVERS DURING MINOR TRAFFIC STOPS... POLICE CAN DO ANYTHING THEY WANT NOWADAYS...
OFTEN THEY DO NOT EVEN REQUIRE SPURIOUS OR BOGUS ACCUSATIONS, JUST LIKE THE
BANKERS... THINK NAZI NATION. $$$
Terry Phillips told Channel 2 Action News in Atlanta
about the orders to unbuckle all his clothes after a routine traffic incident.
The officer proceeded to put his hands down inside the man's pants. While
sitting in the passenger seat after his wife was pulled over for a suspended
registration, Phillips was unexpectedly ordered to exit the vehicle by Forest Park police. Coming up empty on a vehicle
search, the police suddenly turned their attention back towards Phillips,
demanding he submit to a search as well. Expecting a routine external search,
he consented. Strangely, the officer demanded that Phillips pull down his
pants on the side of the road. When rights were claimed openly and outwardly
against such activity, suddenly the police officer claimed to smell marijuana,
demanding Phillips remain still as he continued his illegal search. See the
Prison Planet article (CLICK HERE).
In Costa Rica, the device
ploy used by US Marshalls is a phony trumped up charge of aggravated
assault on the wife, ex-wife, or ex-girlfriend. Sometimes no wife or ex-wife
exists. Suddenly the ex-pat is on a plane to Texas without a warrant. Then comes days of interrogation
of online business and banking activity. Think nazi nation.
◄$$$ A STRANGE TYPE OF SNOW HAS FALLEN ON GEORGIA,
FAR NORTH OF THE GULF... THE SNOW TEST REVEALS WHITE BLOBS THAT SMELL LIKE
PLASTIC... FURTHER EXAMINATION POINTS TO COREXIT FROM THE GULF
OF MEXICO... THE GULF WATER CONTAMINATION IS NOW CONTAMINATING THE SOUTHERN
GULF STATE LAND MASS. $$$
It is not real snow. It melts but like plastic does, and gives off a bad oily
odor. The tests revealed a pack of supposed snow, which melted down to a glob
of white goo. It smelled like plastic. Many tasted the melted substance and
said it tasted bad too. All the experiment required was a handful of fallen
snow and a match fire. See the Sherrie articles (CLICK HERE
and the Raw Story article (CLICK HERE).
At times, snow in the South originates as moisture from the Gulf
of Mexico. The hypothesis is that the substance is due to the dispersant Corexit
widely used in the oil slicks that hit the gulf during the Deepwater Horizon
sabotage commited by Halliburton. The entire foul snow and its melting is
not normal. The video shows the glob. Viewers can see what happens when it
is melted. The storm came from the Gulf of Mexico, not from Canada. Therefore all the snow was Gulf of Mexico moisture. One must ask what is in the Gulf of Mexico, loaded from past events and broadbased treatments. In
fact, the substance COREXIT continues to be sprayed down in high volume to
this day, a full four years after the major BP environmental disaster. Corexit
still continues to be sprayed in the Gulf. It is a toxic chemical whose ingredients
have never been disclosed. The EPA has never demanded the information be made
public. All requests for its chemical makeup have been rejected. Think nazi
## CONFISCATION, COLLAPSE & DECEPTION
◄$$$ USGOVT IS TO FORCE EMPLOYEES 401K FUNDS INTO TREASURIES... THE PROCESS
APPEARS TO HAVE BEGUN FOR WIDESPREAD PENSION FUND CONFISCATION AND FORCED
INVESTMENT IN TOXIC USGOVT DEBT SECURITIES... OBAMA HAS FORMALLY TAKEN ONE
STEP CLOSER TO SEIZING RETIREMENT ACCOUNTS, AS HE PROPOSED IN THE STATE OF
THE UNION ADDRESS THE REDIRECTION TOWARD USTBILLS FOR IRA AND 401K FUNDS...
THE USGOVT HAS REVEALED THE CHANNEL AND OUTLINE FOR THE PENSION CONFISCATIONS...
FEW SEEM TO BE PAYING ATTENTION.
THE DAVOS AGENDA UNVEILED THE PLAN SLOWLY COMING INTO VIEW... THE PATH TO SPLIT
DOLLAR CENTRAL BANK MANAGEMENT IS NEAR... THE CHINESE WILL TAKE CONTROL OF
FOREIGN HELD USDOLLARS... THE USDEPT TREASURY WILL LAUNCH A NEW SCHEISS DOLLAR,
WHICH WILL BE SUBJECTED TO REPEATED DEVALUATIONS... IT WILL BE THE THIRD WORLD
DOLLAR FOR THE NEW DE-INDUSTRIALIZED THIRD WORLD UNITED STATES (THE GUTTED
NATION)... THE NATION IS MARRED BY DEBT, CORRUPTION, WAR, ABSENT RULE OF LAW,
GESTAPO SECURITY, AND TATTERED INFRASTRUCTURE. $$$
Those US citizens wishing to protect their pension funds
must finally realize that they have been duped. Although they have avoided
income tax (deferred actually), they face a bigger tax tacked on for removing
those same pre-tax dollars from the system. The President is taking aim
at private pensions, starting with the USGovt federal employees as guinea
pigs for the Thrift Savings Plan (called the TSP). As preface, recall
why it is urgent for the grab. The USGovt has had deficits in the neighborhood
of $1 trillion since 2008. The Jackass forecasted they would continue in that
range forever, until the debt default. True forecast so far. When the USFed
began its QE bond purchase programs, the hyper monetary inflation policy also
put pressure on the entire global economy, the US included. The effect was
to lift the cost structure, not just for critical food & energy, but for
metals, materials. Later but quickly, the services and utilities rose in cost
as well. The blowback has been foreign nations urging the United
States to put its fiscal house in order. Rather than
to reduce significantly the USGovt spending with severe cutbacks in the welfare
state, the many do-nothing offices, the ridiculous disability programs, and
the endless predatory war efforts, the USGovt will instead confiscate pension
funds. The USGovt will finance a large part of its debt with forced pension
fund investment in special USTreasury Bonds which include the most toxic of
Fannie Mae and USAgency Mortgage Bonds. Regard the forced USTBond pension
conversion as a cousin to bail-in confiscation for private savings accounts
New questions arise immediately, which few analysts seems to ask. What will
be the penalty if a person opts out of the new Govt Pension Fund? Probably
not possible to opt out. As of now, an extra 10% tax is applied over and above
the standard graduated income tax. What will be the feature on passing the
pension fund onto heirs in the event of death, as declared in last wills and
testaments? What option will a citizen have in choosing USTreasurys over USAgency
Mortgages, or even some Municipal Bonds later on? Can employers still match
the contributions into these pension funds?
The stage is set for introduction of the New Scheiss Dollar (aka Shit Dollar).
With the USGovt finally ready to fund by force its deficits without the 80%
to 90% dependence upon the Weimar monetary press at the USFed, the United States is ready to introduce a true Third World currency. Notice other preparatory events having occurred.
The JPMorgan headquarters were sold to a Chinese conglomerate. For decades,
JPM has served as the USFed operational office. The JPM gold vault is almost
empty, and has tunnels that connect to the New York Fed gold vault. The Intl
Monetary Fund is controlled in large part by China, for both rationed fund
contributions and policy since 2009. The USDept Treasury took back certain
legal responsibility on USDollar currency management from the USFed in the
latter months of 2013. Put it all together, and it looks extremely likely
that China will manage the central bank functions for the USDollar held by
foreign entities. The USDept Treasury will take responsibility for the newly
soon-to-be launched Scheiss Dollar (aka Shit Dollar or Republic Dollar).
The impact of outsized deficits for the USGovt and monetary inflation to cover
the debt will be felt on the new Scheiss Dollar alone. It will therefore suffer
numerous and repeated devaluations, or just several severe devaluations. The
Jackass expects the total devaluations to be at least 50% and possibly 70%.
The resulting effect on import prices would therefore be between 100% and
233%. Calculate that roughly half of the USEconomy supply chain is imported,
and the price inflation impact would be between 25% and 116% overall. The
national priority projects of gas fracking and shale oil will prove to be
a massive disaster, not to enable energy independence. The fracking has
destroyed the water table with over ten thousand holes, making many water
supplies flammable from natural gas infiltration. The shale oil volume of
output will endure significant declines from rapid depletion. Both the contamination
and depletion phenomena are already evident, hardly forecast outlooks. See
the Zero Hedge articles (CLICK HERE)
and the Silver Doctors article (CLICK HERE)
and the Before Its News article (CLICK HERE).
◄$$$ THE MYRA FEDERAL PENSION FUND IS A TOXIC WASTELAND AND FASCIST ENDEAVOR
INTENDED TO CAPTURE THE SHEEP'S WOOL (PENSION FUNDS)... THE RISKS ARE UGLY
BIG, THE BENEFITS NEARLY NIL... THE USGOVT IS IN A GRAND BIND, AS IT MUST
FINANCE ITS DEBT... NO PENSION FUNDS ARE SAFE, AS THE SEIZURES WILL EXTEND
TO PERSONAL PENSION FUNDS, MANAGED PENSION FUNDS, AND MORE OF THE VAST $17
TRILLION POOL. $$$
Take your pick on imagery. The Black Hole of the USGovt finances will suck,
or the Grand Parasite eyes the lucractive pool, or simply the national wealth
is mandated to disappear. Already, President Obama has received mockery and
critical suspicions. The ObamaCare offered originally claims that citizens
could keep their health care plans. Next the citizens will be deceived in
some unforeseen manner on keeping their pension funds. Demagogues and tyrants
deceive by nature. The MYRA (My Retirement Account) is inadequate and a plan to shove toxic
bonds down the American throats. The stated plan is to give workers with no
option of private pension funds the wonderful opportunity to invest in toxic
Third World domestic debt securities is egregious. They
are lined up for losses. The quality of the special no-risk bond is not special;
instead it is full of risk. The contributions would be mandatory through payroll
deductions, later surely to spread to non-federal workers in the private sector.
The monster debt must feed on your pension funds. The USGovt will soon be
just one step away from being able to confiscate all the nation's retirement
accounts. The biggest battles will come over managed state pensions, corporate
pensions, and academic pensions like TIAA-CREF.
Apparently many of the rules for MYRAs will be the same as for a Roth IRA, in
which taxes are paid on the money before invested. When withdrawn, the funds
plus any earnings are not to be taxed. The way a MYRA
earns a return will be more like a savings bond, backed by the USGovt. Savers
would contribute after-tax dollars. There are reports to the effect that the
Special USTreasurys will offer a higher yield than the short-term USTBills.
For more information of TSP and the other federal pension funds like FERS,
as well as current fund investment options, see the USGovt TSP website (CLICK HERE).
The down side risk is great. With currency devaluations coming on the highly
likely new Scheiss Dollar, the MYRA funds will be first in line for getting smacked.
Any global restructure of USGovt debt in the future will also write down the
MYRA funds based in these special
USTreasury (in)securities. Be sure to know that like with elite corporations,
which have Preferred Stock for its executives, the MYRA
bonds will be very un-Preferred. In mocking tones, if you like your retirement
account you can keep your retirement account. Presto, the automatic continuity
to the USFed's Quantitative Easing is ensured, by means of a transfer in pure
fascist style. Behold the MY Resorts & Arcades, or the MY Ripoff by Arson,
the newest Ponzi Scheme on the national scene to put funds ablaze. See the
Zero Hedge article (CLICK HERE)
and and the Washington Post article (CLICK HERE).
For a cheerful piece of propaganda, fresh from the Treasury Secy mouth Jacob
Lew, published in the McClatchy newspaper chain, see the Zero Hedge article
For a realistic contrast on the last remaining pool of funds that to date
had not been subject to seizure or confiscation, with warnings and no nonsense,
see the SD Bullion article (CLICK HERE).
The late great comedian George Carlin warned that the USGovt would grab your
Social Security and Retirement Funds. They want it all and they will get it,
because you are not in their club. Carlin called the thefts years ago. See
the YouTube video (CLICK HERE).
Expect the US political leaders to march out the national
security and patriotism cards, for encouragement of the citizen participation
in these toxic special USTreasury Bonds and confiscated pension funds.
Fascists precisely play the card. They will talk about the protection of our
way of life, which is really protection of elite wealth and control of money.
The Elite are leaving the country and taking their wealth, with off-shore
accounts galore. The main big step next is to secure pension marginal annual
contributions, rather than entire pension funds which could come later. First
they will seize federal penions, then personal pensions, and finally perhaps
managed pensions & corporate pensions. The big tough enchilada will be
managed & corporate pensions, since they have powerful management teams
with influence and experience. The total size of US pension funds is $17 trillion,
and they grow by $700 billion to $1 trillion per year. Counting annuity
funds, the total is $19.5 trillion. Forced annual contributions could potentially
finance 20% to 40% of the USGovt deficit, a significant amount and a strong
backing for the new Scheiss Dollar. The ratio covered would be higher
if pre-tax dollars are directed to the MYRA. Still, very large annual USGovt deficits would overwhelm the
pension funds used to finance the debt. Currency devaluation will be urgently
called for. Notice the size of the entire US-based pension system equals
the total USGovt debt. The beast in the Black Hole eyes these funds as a fascist
As transfers occur, a big loser will be the S&P500 index of stocks, since
many IRAs and 401k's are directly invested in such stalwart stocks. Ironically,
the main supporter of US Stocks & Bonds is the USFed central bank through
QE programs, funneled through the offices of the Working Grop for Financial
Markets. Either the S&P500 stocks will suffer, or else the USFed will
have to support the decline from pension contribution removal. Watch CALPERS
and the Texas Teachers Union for indications, two biggest
in US pension funds from
California and Texas. Watch also the TIAA-CREF managed pension
giant fund, which has a $500 billion asset base, for academia and research
institutions. They will both resist. The battles will be interesting. The
bank account bail-in confiscation alongside the pension fund confiscation
will put the Third World America in full view.
◄$$$ KERRY HAS SIGNALED THE ADVANCE OF NORTH AMERICAN UNION PLAN, A CLEAR
INDICATION THAT THE NAZI BANKER SYNDICATE WILL GO DOWN WITH THE SHIP AND ITS
TOXIC USD BUSINESS CARD... THE TRADE PACT WILL BE PUSHED THROUGH THE USCONGRESS
WITH VERY LITTLE DEBATE PERMITTED... A NORTH AMERICAN UNION WILL BE THE ONLY
ACHIEVEMENT, AS NO GLOBAL PACT WILL FORM WITH ASIA WHERE
THE POWER LIES. $$$
In the 2013 State of the Union address delivered last year, President Obama
announced an ambitious trade agreement negotiated behind closed doors with
North American and Pacific Rim nations, the Trans-Pacific Partnership (TPP). It fell to
earth like a lead balloon, drawing little attention, a massive failure and
embarrassment. The amateurs continue to kick the TPP around, converting it
into a Grand NAFTA. The Asian nations already have a plan led by China
& Russia, their regional superpowers.
The US trade zone will
be limited to Canada and
The TPP plan originated with the Bush II Admin. Undeterred by failure, next
Obama will strain to obtain fast track authority which would rush the Trans-Pacific
Partnership through Congress with limited debate. In a joint press conference
held in Washington on January 17th
at the conclusion of a ministerial meeting with Canadian Foreign Minister
John Baird and Mexican Foreign Secretary Jose Antonio Meade, more was revealed.
Secy State John Kerry let it be known that the Obama Admin already considers
the US, Mexico, and Canada as part of a post-NAFTA world. Meaning,
already considers its neighbors part of the new trade zone. Both the TPP and
the forthcoming Atlantic counterpart, known as the Trans-Atlantic Trade &
Investment Partnership (T-TIP), are in the process of being negotiated with
the Europeans. The Canadian minister Baird reinforced Kerry's point on the
The alert observer would notice USGovt deceptions that threaten US
sovereignty itself, in order to form the regional union. Such a union could
grow into a new state. A rubber stamp passage of the TPP by Congress would
be a travesty, since not to be debated, and worse, since it involves corporate
domain in ownership in a broad sweeping manner. Furthermore, Asia does not want to participate, clearly. The wrong-footed and deeply
flawed TPP trade zone does not include China. No Asian nation
will join without their leader China onboard. Treaties typically require a two-thirds
majority for passage. The Obama Admin wishes to merge the TPP with T-TIP,
by means of a TPP fast track un-democratic process. The Fast-track authority
would permit approval of the TPP by Congress with a simple majority vote,
since it would not pass with the greater majority requirement. The rules
would limit debate so that no amendments could be introduced to modify the
language of the agreement the Obama Admin has negotiated behind closed doors.
The TTP and T-TIP provisions would remain secrets. They do not wish to see
an open debate on sweeping patent laws and corporate dominance in what some
call the future totalitarian framework. It looks like Obama plans to keep
the fiat game going with the USDollar as the toxic core of TPP trade, with
no gold involved. See the WND article (CLICK HERE).
◄$$$ THE JACKASS IS EXTREMELY UNIMPRESSED WITH THE HUMAN SPECIES FOR ITS
INABILITY OR UNWILLINGNESS TO OFFER LEADERSHIP OR EQUITABLE GOVERNANCE...
NO HINT OF FREEDOM FROM THE DOMINANT STREAK OF CORRUPTION, IF NOT SADISTIC
PSYCHOPATHS... ALSO, THE JACKASS IS VERY BOTHERED BY THE PROFOUND STREAM OF
WITLESS SLEEPY GULLIBLE AMERICANS WHO SEEM PAINFULLY NAIVE, EASILY DECEIVED,
TOO OFTEN BUSY WITH STRESS-FILLED LIVES, AND SADLY UNAWARE IN THE FACE OF
INCREDIBLE THREATS... THE NATION SEEMS LONG AGO TO HAVE LOST ITS WAY, TO HAVE
BEEN CAPTURED WITHOUT RECOGNITION, TO HAVE ADOPTED ALL MANNER OF FAULTY POLICY
(ECONOMIC, BANKING, TRADE, WAR, POLITICS)... IT FACES ONGOING SYSTEMIC FAILURE
THAT IS NO LONGER IMMINENT, BUT RATHER CURRENTLY IN PROGRESS. $$$
As preface, be sure to know the Jackass admires the significant but minority
of Americans who resist the monetary congame, the Ponzi Scheme, and the Paper
Chase, the propaganda bull horns, those people who invest in Gold & Silver.
Less respect has been given to precious metal mining stock investors since
2008, a valid proven concern. Permit a rant by the Jackass, directed at the
other half of the American nation, not the awakened aware alert. Respect is
strong for those who follow diligently the gold world developments and even
subscribe to the Hat Trick Letter. As preface, start with the realization
that the US citizenry does not comprehend its own history
well. See the Maine in Spanish-American War, or see the
open passage to Pearl Harbor as almost invitation in
World War II, or see the Diem killing by CIA in Vietnam War, or see 911 in
Iraq & Afghan Wars. The American war history is replete with false flag
events and genocide masked with the politically correct phrase Manifest Destiny.
The United States also seems to label certain large groups as obstacles, identifying
them as subhuman, like the native Americans, the Mexicans, the Japanese then
Koreans, then the Communists (not as subhuman but rather intellectually inferior).
The current subhuman obstacle is the Arabs. When the Jackass moved to Costa Rica, one of the biggest
motivations was to remove myself from its sickening culture with 20 distasteful
features. To be sure, a big push came due to the two death threats given to
me by my own USGovt agents. The culture disgust was equally large as a factor.
A dozen cultural fixtures could be mentioned that regularly made me sick,
such as awful diets, corn syrup inclusion universally, horrible health, endless
pharma advertisements on television, absurd association of beer and trucks
with sports, the devious overarching narco political party with its Democrat
and Republican visible heads, deadly vaccine programs, chemtrail dispersion,
the obnoxious materialism especially among the youth, and the endless wars.
Some examples of unimpressive cultural elements. Like jumping to the cause for
war in response to fallen soldiers, even though attacks are done by our team
with false flags (aggression stupidity). Like the consumer mentality so pervasive,
whether clothes for women or gadget toys for men (consumer stupidity). Like
the belief that the USEconomy requires strong consumption, even though it
eats capital, the most egregious example being home equity loans to pay for
boats, vacations, and lifestyle lifts (consumer suicide). Like the total incredible
ignorance of all things related to capitalism, business formation, and enterprise
(economic stupidity). Like regarding the two major political parties as offering
any tangible differentiable alternatives (political stupidity). Like the diverse
ignorance on food threats, from Nutri-Sweet to hamburgers to french fries
to pizza to coke to even potato chips & nachos, with climax on sugar &
diabetes (nutrition stupidity). Like the acceptance of subliminals, such as
beer & football, toys & McDonalds, sports & military (psychological
stupidity). Like the overlooked parallels from famous books, such as "Brave
New World" and "1984" and "Civil Disobedience" linked
to today's American landscape without realization (literature stupidity).
Like the engineering ignorance that cannot comprehend either HAARP or virus
delivery systems in vaccines or chromosome lacing with modified food items
in Monsanto seeds (scientific stupidity). Like the relaxed requirements in
school on math, science, and even physical education (educational stupidity).
The next phase will happen rapidly, the plowing under chapter. Perhaps the
nation does not qualify as one to warrant evolutionary success in natural
selection. It cannot seem to reform or cleanse itself. Surely half the
nation does, but half the nation does not at all. The Jackass has warned of
the Third World arrival to the United States for
a few years now, which results in blank stares and wise cracks of being a
lunatic. The De-Industrialized Third World is coming for the nation, which
is dubbed the DI3W. It will include the United
Kingdom and most of Western Europe.
It will split Canada
in half. It will offer new life to Eastern Europe. It
will offer great opportunity to Latin America. The Jackass
has had difficult conversations with my father several years ago, but none
anymore. The topic was about the shameful nation, and the foundation of war
and genocide that carried into the 20th Century beyond WW2. A military veteran
pledges an oath to defend the nation, but nowhere does the oath include aspects
of internal coup d'etat and adopted treason at high level. The stupidity on
the aggression, consumer, economic, political, nutrition, psychology, literature,
science, and education fronts is truly shocking, totally embarrassing. The
nation is going to be plowed under. The new colonist will be China,
a process already well along, much done in secrecy. Their industrial parks
and commercial property acquisitions will change the face of the nation.
They will become the next manager class, leading over the American worker
class. The wages will be fair but not high, the fringe benefits to be minimal
and much less than in the past. Let the next victors tell history on what
happened. My hope is for the Golden Jackass chronicles to be part of the annals
of the Great Paradigm Shift and the transition to Third
The entire issue of patriotism is extremely bothersome and convoluted, as some
criticism has been directed my way with resentment. The USGovt cannot define
patriotism for application, since they are the problem, the controlled offices
by the syndicate. So loyalty to the leadership and devotion to policy goes
counter to loyalty to the flag and nation. The Jackass does not salute those
who shred of the Constitution and trample on the Bill of Rights, as they build
a Fascist Behemoth State.
A totalitarian state is being gradually constructed. It is difficult for soldiers
and military veterans to display overt gestures against the authority and
brass superiors, since insubordination at the extreme is seen as sedition,
and since they see fallen soldiers regardless by whose hand. My WW2 veteran
father cites often his oath taken to defend and to protect the United States. But the entire situation is turned
on its head, after the hidden coup d'etat that took place with a gigantic
bank robbery at the 911 incident. Many old-liners and veterans consider it
a sign of deep disloyalty to even entertain the notion of a major false flag
attack. Some comprehend almost zero about the nature of the World Trade Center,
home formerly of the largest private bank in the world. It is like they are
all blind to what a trade center is. They have shown almost no interest in
verifying the gold wealth in Fort
Knox. The salute a captured flag and ravaged pillbox.
The following actions to establish the Patriot Act in 2002 was itself in my
viewpoint a concerted act of treason. Coercion exerted on the USCongress was
obscene. The exposure of whistle blowers as child pornography devotees was
transparently absurd. A shootout in the Congressional parking garage had to
be covered up in clumsy fashion, the site of an open battle between US good
guys and US/UK bad guys, as a handoff of an important CD disk was attempted
to expose the 911 crime scene. The nation's citizenry seems overwhelmed by
confusion on the events to interpret, by delusion on values once held sacred
that no longer apply, and by assumptions that are part of a fantasy landscape.
The citizens also cannot seem to comprehend the scientific evidence that extends
from cordite explosives, to material disintegration from nano tech elements,
or to meltdown of vehicle engines near the WTCenter scene of the crime. They
cannot seem even to notice basic evidence like a caravan of trucks exiting
the World Trade Center
before the demolition. They do not ask questions about the missing debris
on the Pentagon lawn. Then again, they asked few questions about the Kennedy
assassination, nor its actual motives, nor its incongruities.
The Jackass is a patriot, a defender of the Constitution, and advocate of a
currency backed by Gold Standard. When ex-President Bush II so clearly boldly
blatantly called the Constitution a mere piece of paper, and then ripped it
with the Patriot Act and numerous executive decrees, it seems to my young
naive eyes (without benefit of USMilitary service) to have been an official
act of treason at the top which demanded a salute. The Jackass will not salute.
Instead, the country was left behind, along with family, friends, and favorite
locations. The actions by US leaders were a direct violation of the President
Oath of Office. So who is the patriot?
◄$$$ THE WHITE HOUSE CLAIMS RECORD LOW TEMPERATURES ARE CAUSED BY GLOBAL
WARMING... THEY USE A SPURIOUS ARGUMENT ABOUT AN UNSTABLE POLAR VORTEX, MAD
SCIENCE... THE OBAMA ADMIN HAS A VAST TEAM OF IDIOTS ON STAFF. $$$
The quack science, highly deceptive to cover vast activity, is replete with
stupidity and insults to our intelligence. A leader among the fools and shamans
is John Holdren, of Planetary Regime infamy. Let's keep this brief. He is
the Obama science czar, the moron held in regal court. Holdren dubiously
claims that the recent polar vortex which has caused record low temperatures
across many areas of the United States is due to global
warming. The record low temperatures logged in the northern region, so
the shaman claims, are caused by global warming which is responsible for the
polar vortex becoming more wavy, and thus giving off a harsh effect to the
United States and Canada.
He criticizes those who cite cold weather as an argument against man-made
global warming, despite the fact that global warming alarmists routinely
lean on the same factor when it the heat arrives in summer. The guy is
an arrogant fool.
Holdren is also apparently unaware of the fact that the IPCC was forced to admit
last year that there has not even been any global warming since 1998. So even
Time Magazine, hardly the nexus of geology expertise, is clownish. Time attributed
the very same polar vortex to global cooling back in 1974. Now Time blames
the polar vortex on global warming. Recall that in 1986, Holdren was busy
fear-mongering about a new ice age during which carbon dioxide induced famines
would kill one billion people by 2020 as part of a global cooling eco-disaster.
The Obama Admin is consistent in hiring utter morons with little business
experience or serious accomplishment. Think Third World Cabinet and entourrage.
The stupidity extends to England. The UK Guardian
published an article recently which argued that the extreme low temperatures
were a consequence of shrinking Arctic ice, despite the fact that Arctic
sea ice recently grew by a massive 533,000 square miles in the last year.
The hack predictions by climate scientists that expected an ice free Arctic
summer by 2013 were rendered totally embarrassing. These men are beyond stupid
and teem in arrogance. According to Princeton
Physicist Dr. Will Happer, "Polar vortices have been around forever.
They have almost nothing to do with more CO2 in the atmosphere."
Finally some reason, See the Info Wars article (CLICK HERE).
As footnote, bear in mind that Princeton is the home of hack central banker
Benjamin Shalom Bernanke, outgoing USFed Chairman, who completed his term
only to disprove his own doctoral thesis using the USEconomy as his laboratory.
It is pure folly to believe quack scientists like Holdren who have proven themselves
to be inaccurate when it comes to spewing fraudulent and alarmist claims about
man-made climate change. Holdren was spectacularly wrong when he said that
global cooling would wipe out one billion people just 27 years ago, and now
he is saying the exact opposite, claiming that global warming is the threat.
Statists who have seized control of the environmental movement will make whatever
bizarre claims necessary in order to advance their agenda of restricting personal
freedom and introducing carbon taxes, which have already been implemented
in many countries under different guises. They also provide cover for nefarious
programs like HAARP weather alteration and chemtrail spraying.
◄$$$ GLOBAL WARMING FRAUD MIGHT BE EXPOSED BY TWO EVENTS... THE CONCEPT
IS CONTRADICTED BY THE RESEARCH TEAM STUCK IN ANTARTICA ON A GLOBAL WARMING
DATA PROJECT, AND BY THE EXTREME COLD WEATHER IN THE UNITED STATES SINCE THE
HOLIDAYS... THE CARBON TAX NEVER STUCK, WHICH WOULD HAVE BEEN A TAX ON THE
AIR WE BREATHE... BEWARE OF COLOSSAL LIES AND FRAUD, WITH A HIDDEN MOTIVE
TO CONCEAL ITS HAARP WEATHER WEAPON IN HEAVY USAGE. $$$
The cold weather blast has hit the northern United
States and Canada for several weeks running.
Temperatures are several degrees colder than the norm. Furthermore, the cold
has reached as far south as Texas. The Great Lakes in the United States are
almost completely covered with ice. This winter has been so bitterly cold
for so long that the sprawling Great Lakes have a natural
impediment (shown above). The group of lakes, which holds nearly 20% of the
surface fresh water in the entire world, might freeze over for the first time
in two decades. See the AOL articles (CLICK HERE
although hundreds are available. Record breaking temperatures are the new
normal. Recall the hurricane to hit New York and New
Jersey in October 2012. These are not natural occurrences. One winter storm
after another has struck the nation, arriving from the polar region in an
arctic grip. See the AOL article (CLICK HERE)
for impact. The Jackass must admit that since my memories began in the 1950
decade, nothing like this weather has ever occurred in the United States. The picture
below of the Niagara Falls in western New
York is usually idyllic. Here it is more from a winter nightmare or fant asy.
Perhaps the funniest story has come from the Antartica research team, which
was stuck for a few days near the giant floating icepack that acts much like
an odd continent. A group of climate change scientists were rescued by helicopter
finally on January 2nd, after being stranded in the ice since Christmas morning.
But the majority of the broadcast network reports about the ice-locked climate
researchers never mentioned climate change. In fact, the science mission
objective was to find evidence of climate change, seeking to verify global
warming with data. Ironically, they were caught in the cold, left to ponder
the folly of their intellectual ways. The press networks often referred
to the stranded people as passengers, trackers, and even tourists, without
a word about climate change research or global warming which was central to
their mission. In fact, 98% of stories ignore that ice-bound ship was on global
warming mission. More deception to be sure, as they were frozen out of their
mission. One should bear in mind that at Patagonia Argentina
and the South Pole, the December solstice is the warmest time, just like June
is the warmest time in Alaska and
the North Pole. So the cold is even more significant. See the News Busters
article (CLICK HERE).
Notice the ice surrounding the Akademik Shokalskiy vessel. The voyage is part
of a research expedition to commemorate the centenniel of Douglas Mawson's
exploration. One is left to wonder what Mawson would think of the global warming
fraud and worldwide deception with countless baseless scientific research
efforts embraced as valid, many paid for with full motive to falsify.
◄$$$ SOME QUICK MOCKERY... RECALL THAT AL
GORE WON THE 2007 NOBEL PEACE PRIZE FOR HIS TIRELESS AND INDEFENSIBLE WORK
ON GLOBAL WARMING... HE WAS VALUABLE TO THE CARBON TAX FRAUD THAT WAS DE-RAILED...
GORE DID HIS WORK ON WEATHER PATTERNS AFTER INVENTING THE INTERNET. $$$
US Presidential politics are a mix between
a crime syndicate maneuver game and a comedy of buffoons, recently mired in
voter fraud. Gore surely was selected by Clinton
as VP since he was an idiot. When he ran for president himself, Gore could
not win his own home state of Tennessee.
If he had, he would have beaten George Bush II to become president of the
land. Some groups found Gore useful to promote the global warming sham. He
has slipped into obscurity during the winter blast from the arctic. Insecure
men select vacant zoid fools for vice president. See Spiro Agnew by Richard
Nixon. See Dan Quayle by Papa Bush. See Al Gore by Bill Clinton.
◄$$$ BILL GATES ADMITTED TO THE EXISTENCE OF CHEMTRAILS... GATES IS INVOLVED
IN DEADLY VACCINES AND THE TOXIC SULFATE CHEMTRAILS... FIRST THE GULF
OF MEXICO WAS CONTAMINATED... THEN THE PACIFIC
OCEAN WAS RADIATED... THE TOXIC CHEMTRAILS ARE IN
PROGRESS ALSO... DO NOT OVERLOOK THE DESIGNER VIRUSES (HIV, SARS, SWINE, WEST
NILE) TO GO ALONG WITH CHROMOSOME DAMAGING MONSANTO AGRI SEEDS. YES, THE HUMAN
IMMUNO-DEFICIENCY VIRUS WAS CONSTRUCTED IN THE FORT DIETRICH BIOWEAPOS LAB
IN MARYLAND. $$$
Geo-engineers are finally going public, as reports emerge about deliberate plans
in the works to dump untold tons of sulfate chemicals into the atmosphere.
The purported purpose is to combat and halt global warming. The sulfates
from chemtrail spraying are toxic and will cause acid rain in addition to
contamination of water supplies. The water supplies are already under
extreme pressures from the fracking natgas projects. The result has been 10,000
holes punched in the US water table, which has led to water pools becoming
flammable. The UK Guardian and others are reporting that a multi-$million
research fund, started and funded by Microsoft founder and vaccine enthusiast
Bill Gates, will fund the project. A large balloon hovering at 80,000 feet
over Fort Sumner New Mexico will release the deadly sulfates into the atmosphere
within the next year. The absurd stated purpose for this massive release of
toxic sulfate particles is to supposedly reflect sunlight back into the atmosphere,
and thus cool the planet. But many environmental groups and advocates of common
sense harshly criticize the lunatic idea as dangerous, and one that could
result in permanent damage to ecosystems all across the globe. The claimed
logic is lunatic, and reminds the Jackass of medieval bloodletting.
The Gates Gang is persistent in its efforts, having won over the USGovt officials
who never pass on a broadbased genocide plan. Notice all the warming effects
in the US winter wonderland, as record arctic weather
is equally persistent to prove Gates and his ilk wrong. The greenhouse gases
from global industries must be offset by toxic sulfates, so goes the reasoning.
So next the medical profession might suggest strangulation to treat serious
influenza, or liver removal to treat gout, or decapitation to relieve a backache. Spraying the skies with sulfate particles will destroy the planet faster
than global warming ever could. The chemtrails with sulfate particles
are toxic, and constitute the very same type of ambient particulate matter
that the USGovt Environmental Protection Agency (EPA) considers to be a noxious
The effect is hazardous to respiratory health in humans and animals, as well
as to water sources, soils, and other delicate environmental resources. Also,
blocking the sunlight with reflective particles will deprive humans of natural
sunlight exposure, which is a primary source for naturally generating health
promoting vitamin D in the body. More elite projects in broad endeavors that
is certain to create all sorts of potentially irreversible problems for humanity
and the planet. See the CS Globe article (CLICK HERE).
The global genocide project is in full gear on several key fronts. See the
photos below, of actual spraying and the cannisters onboard, of chemtrails
in the sky and the national grid held by NASA.
People who still believe the fairy tale story that the skies are filled with
contrails from commercial airline traffic are morons. They are not for interfering
with foreign attempts to intercept telecom transmissions either. Stories have
been spread about usage of aluminum particles for that purpose. They are not
for slowing the global warming in any way whatsoever. In the past, the chemtrail
sprays have been laced with benzene. The incident in mid-2011 whereby thousands
of dead birds fell to the ground in Michigan and Wisconsin was
a wake-up call that went unheeded. The mechanics had a dosage problem which
revealed their deeds, but only to those not braindead, distracted, or gullible.
Bear in mind that Bill Gates is also a major share holder in Monsanto, which
alters the food supply with extreme risk to human genetics. The senior Bill
Gates (his father) is a member of the Masons.
## INTRO ECONOMIC TIDBITS
◄$$$ THE TOP FRENCH COURT APPROVED A MORONIC 75% TAX ON THE NATION'S MILLIONAIRES,
A CELEBRATED COUNTER-PRODUCTIVE MEASURE... CAPITAL FLIGHT WILL SURELY ACCELERATE...
THE STUPIDITY OF SOCIALISM IS DIFFICULT TO FATHOM... THEY CAUSE POVERTY AND
MISERY, THEN SHARE IT EQUITABLY. $$$
In my entire professional career, two groups stand out as blockheaded and deeply
stupid on economic matters, to the point of being highly destructive as well.
US Democrats (liberal party) and European socialists. They continue to kill
their nations by destroying the primary wealth engines founded in capital.
For forty years, the Jackass has seen higher tax rates imposed, and lower
tax revenue result. They learn nothing, only to re-apply the same stupid tax
hikes with the same unrecognized outcome from their folly. Finally the
United States has the highest corporate tax rate
in the industrialized world, and among the smallest of industrial bases on
a relative size basis. The French Govt just increased a 75% millionaire
tax, recently upheld by the nation's high court. The decision will guarantee
continued flight of money from wealthy citizens. The Spanish youth are leaving
their nation in search of opportunity elsewhere, like in South America in a significant new trend. The French upper class are
taking their money out of their country in order to protect it, putting it
in Scandinavia and other locations. Socialist stupidity
is beyond comprehension. The United States is embracing socialism. Share the
misery equally, as the motto goes. The continent would be better off if funds
were raised by selling government official organs to reduce deficits, with
forced volunteers off the Congressional retiree lists. See the UK Daily Mail
article (CLICK HERE).
◄$$$ ALL NORWEGIANS ARE KRONE MILLIONAIRES, TECHNICALLY... THEIR SOVEREIGN
WEALTH FUND HAS TOPPED THE 511 TRILLION KRONE LEVEL... THE SWFUND IS A MASSIVE
SUCCESS STORY, WHOSE FUNDS WILL NOT BE INTEGRATED INTO THE LONDON
MORASSE DESPITE THREATS AND VIOLENCE. $$$
Norway is stinking rich, from the North
Sea energy production, vast technology breakthroughs, and global consulting
in the offshore energy business. The Norway
sovereign wealth fund has grown to the point that every Norwegian citizen
has become a millionaire on a per capita basis. The country reached the
milestone as a result of a recent increase in oil & gas prices during
2013. While the rest of Europe remains mired in financial crisis, Norway has quietly been amassing
a huge fortune which reached 5.11 trillion Krone (=US$828 billion), according
to the its central bank, Norges Bank. The new figure is over a million times
the population of Norway, which totaled 5.096 million in 3Q2013.
The surplus revenue from the national energy surplus investments around the
world is collected in the Govt Pension Fund Global. The fund grew markedly
in 2013, adding a hefty increment of 288 billion Krone ($46 bn) from around
the world. The offshore platform shown below is a typical national gem
to dot the North Sea and elsewhere. Their engineers
are world leaders in placing giant platforms and production columns on the
seabeds and ocean floors. Contrast to the comparable national gem in the United
States, their central bank that spins out toxic money.
Norwegian Finance Minister Siv Jensen has openly stated the national objective
to protect Norway from volatile fluctuations
in the energy market, and to build the national pension fund. It is a grand
kitty that will not be wrecked by short-term volatility or greedy hands, not
moronic socialist plans, not even sophomoric plans from aspiring politicians.
Despite reaching the millionaire milestone, Norwegians will not yet be permitted
to access the money, which is being saved for a rainy day. The Norwegian Govt
has been parsimonious with the surplus that has built up in its Govt Pension
Fund Global, a fund begun in 1990. The institution was first established in
a move to compensate for the predicted decline of oil revenues over the following
decade. See the Russia Today article (CLICK HERE).
Bear in mind an extremely important event, mentioned in past reports, but worth
repeating. It addresses the height of risk and the violent nature of the global
banker wars. This same fund was the motive for the Oslo
supposed terrorist attack in early 2011. The British security agency MI-6
was responsible for the false flag attack, the same modus operandi used by
the US agencies. They viciously
retaliated against Oslo for refusing to integrate the
$800 billion fund in London banks, for fear of corruption and thefts. The London
crew were desperately insolvent, seen today as their plight plays out. The
Norway funds still are not integrated in the bankrupt
London City black holes rimmed by greedy hands. The Oslo
energy moguls continue to thrive, while the London
bankers continue to sink.
◄$$$ SYSTEMIC FAILURE HAS STRUCK IN VENEZUELA...
THE CHAVEZ REGIME DESTROYED THE ECONOMY... THE STRESS IS ON FOOD SUPPLY, AS
THE CONTROLLED PRICE HAS RESULTED IN EMPTY STORES AND AMPLIFIED EXPORTS...
PRICE INFLATION HAS SOARED OVER 100% FOR THE COUNTRY. $$$
Focus on the food supply dynamics and price. Countless Venezuelans travel to
Colombian border towns to buy food, in search of rice, beans, and coffee.
The food stores in Venezuela are bare on food
supplies, nothing to be found often. The supplies are taken to Colombia for sale, in what
is being called a locust plague, but the pestilence is socialism in the Chavez
aftermath. President Maduro can do nothing to halt the painful adjustments.
Here is the irony. While many Venezuelan shelves go bare, the country's rice
exports to Colombia
have doubled this year and now represent 11% of the market, according to the
US Foreign Agricultural Service and the Colombian rice growers association,
called Fedearroz. The Venezuelan Bolivar's decline by 73% against the USDollar
on the black market in 2013 is fueling contraband and worsening shortages
in both food items and consumer goods in the country. Contrast the foodstuff
hardship with the fact that the nation contains one of the world's biggest
oil reserves. Thus the witnessed failure of a queer type of crony socialism.
Pressure for yet more currency devaluation is fierce. Expect another currency
cut by March. A weaker Bolivar reduces Venezuelan purchasing power by making
imported goods more expensive. See the Bloomberg article (CLICK HERE).
Socialism kills national economies. The Chavez version added staggering corruption
to the mix. Venezuela as a failed state.
The legacy of Hugo Chavez is of disaster, corruption, incompetence, cronyism,
and massive thefts under the supposed name of socialism. He placed his friends
in important engineering positions within the national energy firm PDVSA,
only to see outcome declines. The thefts and inefficiency is bound for the
business school textbooks, as the national wealth was plundered, not exploited
in an economic sense. This stark failure is behind the price inflation and
ruin occurring today. Socialist braindead demagogues and their army of moron
followers do not perceive the ruin in the same manner as the Jackass. See
the Financial Sense article (CLICK HERE). Five years from now, the US
story of systemic failure will be written, about banker corruption, the lost
industrial base, the effect of aggravated consumption, the impact of socialism,
and the high economic cost of war. The American Tragedy is unfolding in
full view, as forecasted.
◄$$$ THE BALTIC DRY INDEX HAS COLLAPSED BY 50% TO MAKE THE WORST START
OF THE YEAR IN 30 YEARS... GREAT DIFFICULTY FOR TO MAKE FIRM CONCLUSIONS...
SEVERAL FACTORS CAN BE POINTED TO IN SUSPICION. $$$
The Baltic Dry index measures the shipping freight cost to traverse the oceans
with cargo of dry goods, like cement, copper, iron ore, or grains. The
severe decline in the Baltic Dry index since the end of 2013 serves as evidence
of something very wrong with the global economy or global trade. One can
point a finger toward at least three possible factors. First, the global economy
is on the big skids as a recession is taking deep root. With the USFed entering
its third year of official bond monetization, the capital destruction from
rising costs universally has harmed the economies of the world significantly.
Second, a USDollar rejection appears to be gathering force as nations actively
pursue an alternative after coming to the conclusion that the USD is toxic
and so is its savings vehicle in the USTreasury Bond. Third, perhaps some
unusual effects have settled out from last year, as many olders ships were
retired and scrapped. The effect was to reduce ship supply (not cargo, but
actual shipping vessels) and thus to raise temporarily the shipping costs.
The Jackass gut tells me that global trade is collapsing from all the above
nasty mixes, not one alone. The result will convert to a desperate pursuit
of a USD alternative in trade settlement, and a new direction. Nations will
pursue a solution from a toxic financial system. The world needs the new barter
system to kick in quickly, with gold trade settlement used. It is the valid
solution. The graph below is from the Baltic Dry Index, the shipping cost.
◄$$$ COLD WEATHER AND THE NATURAL GAS MARKET HAVE A DEEPLY CORRUPTED LACE...
FORECASTS ARE ALTERED... WALL STREET EXPLOITS THE FALSE STORIES... JPMORGAN
IS AT THE CENTER OF NAT GAS MARKET MANIPULATION BY MEANS
OF FALSE UNSUPPORTABLE USGOVT WEATHER FORECASTS WITH NO BASIS IN HISTORICAL
ACCURACY, BUT EXTREME USEFULNESS BY THE BIG BANK. $$$
The Jackass first caught wind in 2011 of USGovt corruption in the agricultural
market with bogus weather forecasts and phony grain inventories, as Wall Street
firms did what they do best. They exploited false stories, produced false
grain reports, and profited from their leveraged positions put in place. The
corrupt practice extends today to the energy market and the phony weather
forecasts. The following was given to the Jackass by a weather expert
extraordinaire, whose identity will be kept quiet due to threats and abuses
suffered from high level authorities. He wrote the following, his points,
my edits for readability. The note was written on January 28th.
After the polar vortex formed three weeks ago, rumors swirled of some Northeastern
power companies having issues purchasing natural gas. They were challenged
to come up with the capital necessary to supply electricity to customers.
Local storage is depleted and drillers cannot obtain nat gas quickly enough
to residents. Power companies are forced to purchase spot nat gas at whatever
cost to keep the power plants running. Roughly a week afterwards, a story
was posted on the Price Futures website that JPMorgan was heavily involved
with shorting nat gas. When one looks back at the nat gas chart in January,
the sudden second plunge can be seen in the middle of the month despite average
to slightly above normal weather conditions following the polar vortex effect.
On last Friday, my weather model showed a second polar vortex coming. The
energy markets did not seem too aware of its arrival, not until the middle
of last week. My thought was JPM was going to get caught with their pants
down unless it was being financed with QE money at the Fed. Nat gas exploded
up in price last week, and one must wonder if JPM was short squeezed out of
the play. The weather man is doubtful, but possibly yes. What happened was
the venerable JPMorgan lost control of the markets.
When the insane option prices for the March contract were posted late last week,
it seemed like someone was underwriting whatever someone wanted to bid, as
prices were insane. My expectation was to notice more phony weather models
to arrive over the weekend Saturday evening, like they have every single time
JPM has lost control of the Nat Gas market over the past seven years.
Right on time came the phony weather models, and the nat gas price tanked
today. Some of the pressure was due to options expiration day, leading to
hot money flushed out.
A remark was heard on CNBC which seemed highly indicative. The Fast Money crew
were talking about Nat Gas price movements between noon and 1pm and a remark
came. It told me JPM took a huge hit and is shorting the energy market still.
Some guy said, "The large financial institutions think the rise in
nat gas prices is transitory." What a bunch of buffoons. One must
think in contrary terms to the stories promoted. It tells me the price
decline was deliberate market sabotage, which included phony weather models
submitted by the USGovt. The NG price will likely retrace back higher
and JPM will have to react. The USFed is caught supporting asset bubbles,
while other corrupted markets are twisted by phony weather forecasts. Their
propaganda is coming apart at the seams. According to my weather model, expect
five more weeks of arctic air, followed by the spring & summer rolloff,
probably taking the price back to $4.25 by August. As footnote, when gas generator
fuel costs soar, electric grid operator are regularly requesting that FERC
waive the price cap. See the EENews article (CLICK HERE).
As the Russians infiltrate the Platt offices, a done deal by energy giant
Rosneft, one must wonder if the potential for energy market corruption can
continue in the status quo. Probably not.
◄$$$ ACCOUNT FROM AN INDIAN EX-PAT LIVING IN CANADA...
THE WEST TINKERS VIOLENTLY WITH INDIAN LEADERSHIP IN ORDER TO OPEN IT TO THE
MULTI-NATIONAL CORPORATIONS... THE EXPLOITATION IS HARD TO PROVE, BUT THE
BENEFITS ARE ENORMOUS... KEY ASSASSINATIONS ARE NEVER INVESTIGATED, NEVER.
The Jackass recently has an in-depth conversation with a Hat Trick Letter client
from Toronto. He is a very well-informed Indian ex-pat with 25 years of
residence in Canada, who runs a very successful business. PaulS
shared the following, his thoughts, my prose. The reality behind the assassinations
of Indira Gandhi and her son Rajiv is ugly. They were in all likelihood economic
hits to open up India for multi-national corporations. Until the
1990 decade, these Western firms were non-existent in the country. Now
is one big laboratory for Monsanto and Big Pharma, which carry out all their
Mengele-type research using Indian kids, even men and women as guinea pigs.
It seems clear that India was punished last year because the Supreme Court
refused to extend patents on drugs to unreasonably long times as demanded
by Big Pharma. In addition to gold import, regard the retaliation as a second
reason behind the Rupee currency collapse. India
is the biggest manufacturer of generic drugs, and the Third
World depends on these drugs for their very survival. But Big Pharma stood
in the way.
As a rejoinder, EuroRaj was asked his opinion on the Gandhi killlings, since
he is a highly informed person with regional knowledge. He wrote, "From
all I know, both were assassinations due to religious backlash and fanaticism.
The country was really opened up after Rajiv's assassination, but it would
have been forced to open up and devalue the INR [Rupee] because it was being
plundered and looted by the Congress into bankruptcy anyway. Of course, the
Western motive might be real, since no rules apply and no value is put on
life in India."
Methinks EuroRaj is being diplomatic. The Jackass emphasizes that high profile
assassinations are never investigated properly or competently, since the perpetrators
are usually in charge of the investigation. See the Kennedy murder, or the
attempted murder of Reagan. Motive should be used to direct suspicion, the
finger pointed to the major beneficiaries. For Kennedy is was the CIA and
Wall Street, as the Vietnam War continued and Gold Standard was abandoned.
With Reagan it was Papa Bush who assumed continued control from the previous
Bush Admin and conducted Star Wars technology R&D. In India it is the Western multi-national
corporations, led by the banks and big pharma.
◄$$$ EMERGING MARKET MELTDOWN RESUMES... MANY SUCH NATIONS ARE HIKING
INTEREST RATES IN DEFENSE OF EMBATTLED CURRENCIES, WHICH HARMS THEIR ECONOMIES...
ONE MUST LOOK CLOSELY FOR EVIDENCE THAT THE USFED AND MAJOR WESTERN BANKS
ARE RATTLING EMERGING MARKETS IN ORDER TO KEEP THE INSOLVENT WRECKED USD-BASED
SYSTEM PROPPED UP... THEY ARE TAPERING LIQUIDITY FLOWS ON THE OTHER SIDE OF
THE FENCE, THE EASTERN SIDE THAT PURSUES THE USDOLLAR ALTERNATIVE... A BLOWBACK
NASTY EFFECT COULD HIT THE WESTERN ECONOMIES AS A RESULT, AS THEY ARE HIGHLY
MOTIVATED TO IMPLEMENT THE GOLD TRADE SYSTEMS BEING DESIGNED. $$$
Turkey, India, Brazil, and a host of emerging market countries
are being forced to tighten monetary policy. The three nations must halt capital
flight despite crumbling growth, raising the risk of a vicious cycle as debt
problems mount. Tighter policy will exacerbate the economic distress they
suffer. The USFed might not be tapering in the US and Western European
financial arenas, but the central bank might be pulling the liquidity plug
in emerging market nations with a devious sinister plan and ugly motive, done
in desperation. The Turkish central bank recently raised interest rates
to 12.0% from 7.75% at an emergency meeting in a bid to defend its currency.
The Lira strengthened to 2.18 against the USDollar after the decision, from
2.25 per dollar, but the currency relief is surely temporary. The move followed
which raised rates a quarter point to 8.0% to choke off inflation and to defend
the struggling Rupee. It was the third interest rate hike since Raghuram Rajan
took office in September at the Reserve Bank of India. The South African central bank contemplates
a rate hike decision as the Rand currency hovers near
a record low at 11.06 to the USD. Witness a rising USDollar which will continue
to rise and rise and rise, then die, a Jackass forecast made in years 2011
The emerging market bloc makes up half the world economy, a far higher proportion
than during any previous crisis. The Intl Monetary Fund has warned that the
sheer weight of these rate increases could lead to a severe blowback effect
that ultimately smacks the US, Europe, and Japan in return.
Jose Vinals, director of the IMF's Monetary & Capital Markets Dept, actually
made a public statement in denial of a panic situation. Therefore the mega-banker
corps is in a panic, a confirmation. See the Zero Hedge article (CLICK HERE).
Independent financial analyst Gregory Mannarino directly accuses the USFed of
inflicting damage by whatever means to the emerging market nations, with motive
to help keep the United States and its USD
regime propped up. By implication, the accusation is directed at all banks
in collusion with the USFed, namely all the major Western banks, the Bank
of England, and the Euro Central Bank. The concept is not new. Rather than
strengthening the homeland in the US with structural reforms and bank liquidations
and a return of industry, the bank syndicate prefers to continue the bond
fraud, to sustain the insolvency, and to derive benefit from control of the
monetary press. By damaging the Eastern Hemisphere,
they both invite a blowback in economic effect, and a greater motivation to
pursue the final steps in implementing the alternative to the USD in trade.
See the USA Watchdog interview (CLICK HERE)
of Mannarino hosted by Greg Hunter.
◄$$$ POLICY BREAKDOWN IS IN PROGRESS, AS EMERGING MARKETS FALTER... AS
THE CRISIS GROWS IN THE EAST, THEY WILL WITH URGENCY SEEK TO CONDUCT TRADE
OUTSIDE THE USDOLLAR, AND TO REPLACE THEIR BANKING SYSTEMS WITH GOLD BULLION
RESERVES AS FOUNDATION... THEY WILL DIVERSIFY OUT OF THE USTREASURY BOND...
THE WEST INVITES ACCELERATED ACTION TO DUMP THE USDOLLAR. $$$
RBI head Rajan in India has been explicit in
warnings to the West. He offered a statement based on expedient reality, and
not so much a threat. The Eastern Hemisphere, often described
in terms of the emerging markets, is struggling to survive. They are under
financial assault by the Western bank policy on money itself. Money from the
West is toxic. At an interview in Mumbai with Bloomberg TV India, Rajan emphasized
how emerging markets helped pull the global economy out of crisis starting
in late 2008. Their reward is attack here and now. They are under seige
in the last couple months. He stated, "International monetary cooperation
has broken down. Industrial countries have to play a part in restoring that.
They cannot at this point wash their hands off and say we will do what we
need to do, and you make the adjustment."
Rajan openly makes an explicit threat. He states how changes are to be made
by the East which the industrial economies will not like. The control room
is on the verge of changing the staff in the room. The East is ready to enter
the room and push the Western bankers out. By interfering with Eastern financial
structures, clearly to defend the West, they motivate the East to take urgent
action. It will come, with gold trade settlement and gold reserves held
as banking system foundation. The will discard and abandon the USDollar en
masse, when pushed to the brink of systemic failure in their own countries.
See the Bloomberg article (CLICK HERE).
See the Your Money Site video (CLICK HERE).
◄$$$ BIG EUROPEAN BANKS ARE BADLY EXPOSED WITH $3.4 TRILLION IN EMERGING
MARKET LOANS... THE MOST VULNERABLE BANK IS STANDARD CHARTERED... THE BLOWBACK
OF RISK IS STAGGERING ON THE BIG WESTERN BANKS... AS EASTERN NATIONS STRUGGLE
AND ENTER DEFAULT, THE BANKS ARE LINED UP FOR SEVERE DAMAGE... THE DAMAGE
RUNS PARALLEL TO THE SOVEREIGN BOND CRISIS OF SOUTHERN
EUROPE, BUT WITH THE SECOND TIER WESTERN BANKS VULNERABLE TO FAILURE FROM
EMERGING MARKET DEFAULTS. $$$
The emerging market is receiving an enormous amount of attention. They will
enter systemic failure, and react by abandoning the USDollar. New names are
coined to cite the nations. The Fragile Five, the BRICS, and the MINT are
acronyms for countries like Turkey, Mexico,
Indonesia, and China that are at the focus
of the emerging market core crisis. But Europe may
be the most vulnerable region, as banks have more than $3.4 trillion in loans
in shaky markets. The reserve wealth lies in the emerging markets ironically.
Such is the nature of blowback from tinkering with sabotage that the West
is well-known for. The European companies have a bigger exposure to emerging
markets than US or Japanese firms, according to research by Morgan Stanley
Capital Intl. Many banks have huge risk in emerging markets. The most vulnerable
European banks are BBVA (Spain),
Erste Bank (Austria), HSBC
(England), Santander (Spain),
Standard Chartered (UK-HK), and UniCredit (Italy), according to analyst reports. Deutsche
Bank analysts estimate these six most exposed European banks have over $1.7
trillion committed and exposed in developing markets.
Some useful data comes from Deutsche Bank analyst Matt Spick. Attention has
come to Standard Chartered, which could be the most exposed bank. It has 90%
of earnings dependent on Asian, African, and Middle Eastern loans. Santander
is deeply involved in Latin America with 23% of bank earnings sourced from
Brazil and EUR 132 billion
in loans across the region at the end of 2013. The BBVA is very involved in
which in 2013 made up 80% of group profits. The bank has $55 billion in exposure
whose Peso fell by nearly 3% in January alone. Both BBVA and UniCredit have
high exposure in Turkey.
Both Standard Chartered and HSBC have heavy exposure to India and Indonesia. In summary, at the end of September, the European banks as a group had $3.4 trillion of loans tied to developing
countries, according to data from the Bank for Intl Settlements. British banks
had a $518 billion exposure in Asia and Pacific regions.
Spanish banks had a $475 billion in Latin America.
In addition, French and Italian banks had a $200 billion exposure in Southern
European economies. Collectively the European banks hold about 12% of their
assets in emerging markets, which are high risk but lure high return. Speck
reminded that "When currency [volatility] combines with revenue slowdowns
and rising bad debts, we see compounding threats to the exposed banks."
Brazil, Russia, India,
China, and South Africa, known as the
BRICS nations, account for 25% of global gross domestic product. As a combined
engine, their growth disappointed in 2013. Currency moves have harmed the
BRICS nations, while the Western bankers are often in the control rooms doling
out the disruptions using clever levers. The Chinese Yuan is under tight control.
But the Indian Rupee has suffered badly, having declined by 11% in 2013 against
the USD. The Russian Ruble recently hit a 5-year low against both the USD
and Euro. These nations are growing rapily in motivation to put into place
the newly implemented trade system with gold settlement. It will have a flip
side effect in diversification out of Western sovereign bonds, the new toxic
paper. Instead, their banking reserves system will center upon the more stable
Gold bullion. See the Russia Today article (CLICK HERE).
◄$$$ JAPAN HAS DIRECTLY TOLD THE
UNITED STATES: YOU CANNOT RAILROAD THE TRANS-PACIFIC PARTNERSHIP ONTO OUR
NATION... THE HIDDEN MOTIVE BEHIND THE US-LED TRADE ZONE IS THE BOLSTERED
POWER OF CORPORATIONS FROM PATENT OWNERSHIP IN PERPETUITY... THE CORPORATE
GOVERNMENT MODEL IS PROMOTED... THE TPP WOULD CRIPPLE THE USECONOMY FURTHER,
RAISE TRADE DEFICITS, AND ADVANCE THE WRECKING BALL SLAM TO THE UNITED STATES
DONE BY GLOBALIZATION. $$$
The movie "Roller Ball" was way ahead of its time, in previewing the
rise of corporations and the blurred lines of nations. The folly known as
the Trans-Pacific Partnership (TPP) and its sidekick monstrosity in European
version, the Trans-Atlantic Trade & Investment Partnership (T-TIP), could
potentially define and cement the geopolitical and economic developments of
the century, if enacted, but gone backwards in progress. These two partnership
accords strive to solidify nearly three decades of gains made by commercial
entities, and to affirm the losses made by nation states with citizens as
members. The accords are to place corporations at the top of the power
chain. The Supra-nationalist trade courts would be legally binding and rule
over all. The patent ownership would be wielded like blunt bludgeon weapons
over nations, as patents would overshadow most of society and commerce. The
accord would embed the commercial rule above national rules of law, superceding
them. The accords would prevent any counter-measure movements to the growth
of the global mega corporation apparatus. Consider the TPP and T-TIP be
be the proposed framework of the global totalitarian state, plainly stated.
The good news is that the accords are floundering and hitting the rocks. Asia
wants no part of them, as the rally around China
instead with their own regional trade zones and even regional currency initiatives.
The USGovt and its Elite overlords have a major challenge. They must buy off,
bribe, intimidate, and engage in power trading in order for the broader acceptance
of the trade pacts. So far the outlook does not seem good or promising. The
main proponents to the TPP are the typical usual suspects, the multi-national
corporations. They must overcome the strong headwinds of countries on the
Pacific Rim, and induce them to go against their own
vested interests. Intense opposition comes from subsidized agricultural producers
and state owned enterprises, which would have to be betrayed. Notice the struggles
to plant Monsanto seeds in various nations, a heated battle in Colombia for instance. The USDept State is the
deal maker, the whore at work for the big business interests. Nothing new
there. No strategic economics involved here either, just power politics. But
the good news again is the lack of success in the pathetic TPP pandering power
play by the Obama Admin. He has no standing on the geopolitical stage. He
is seen as a marionette, the control strings visible. The mask has already
slipped and the true nature of the TPP is in the process of being revealed.
See the Naked Capitalism article (CLICK HERE).
In short, the Trans-Pacific Partnership is a vast power grab. It is a clumsy
attempt by the Obama Admin to forge a secret trade agreement that would create
a totalitarian state run by major corporations. It would push the de-industrialization
of the United States into overdrive.
The TPP would limit internet copyrights, and enable cross intellectual property
grabs. It would advance the already disastrous globalization, enabling much
more outsourcing to supply the US. It would accelerate the
trade deficit to a ruinous level. See the Global Research article (CLICK HERE).
## EURASIA &
UKRAINE FOCAL POINTS
◄$$$ THE EU BOWS TO GAZPROM... THE EUROPEAN UNION
HAS GIVEN GAZPROM PRELIMINARY APPROVAL FOR SOUTH STREAM GAS PIPELINE... THE
NATIONS INVOLVED ON THE TRANSIT LINES ARE AUSTRIA,
BULGARIA, CROATIA, GREECE,
HUNGARY, AND SLOVENIA, BUT THEN ONTO WESTERN
EUROPEAN NATIONS WHERE LAWS ARE MORE PRICKLY... THE PIPELINE PROJECT IS EXPECTED
TO BE PROFITABLE FROM DAY ONE... THE TWIN NORD STREAM PIPELINE RUN BY GAZPROM
CONNECTS RUSSIA TO GERMANY
UNDER THE BALTIC SEA, A STRONG SUCCESS STORY. $$$
Countries hosting the Gazprom super pipeline across European lands will not
be required to revise earlier agreements that technically violate EU law. Russia and the EU have agreed on further cooperation on a route that will
meet 15% of natural gas needs for Europe by 2018, the legal obstacles overcome.
Gunther Oettinger, the European Commissioner for Energy, told Vedomosti newspaper
that Moscow and Brussels will find
a solution to honor previous inter-governmental agreements which Gazprom has
made with European transit countries. A commission will be formed to address
technical and legal details of the gas pipeline, which will stretch 2400
km (1500 miles). By year 2018 the system will have the capacity to deliver
64 billion cubic meters of natural gas to Europe. The
route will supply Europe through pipes in Eastern Europe and under the Black
Sea with two separate massive pipeline networks that Europe
will become totally dependent upon. Some unusual obstructive EU laws called
the Third Energy Package protects third party access to pipelines, thus preventing
Gazprom from both owning the pipeline and serving as vendor of the product
shipped through it.
Moscow broke ground on the lengthy construction of the South Stream project after
securing agreements with Austria, Bulgaria,
Croatia, Greece, Hungary,
Slovenia, and soon-to-be
EU member Serbia,
but ignored the European anti-monopoly law. A delegation of Eastern Europeans
formally requested the European Commission to help broker a deal with Russia on their behalf. Separately, a nasty hornet
nest case is before the EU Commission. An anti-trust investigation has been
launched into Gazprom, which could lead to $15 billion in fines for unfair
pricing, due to its dominant practices in the European gas market. Expect
the case to be resolved in low tones, or else for Europe to have a very cold winter from cutoff supply. Gazprom is the
new commercial overlord, whose power will be extremely evident, and very soon.
A South Stream pipeline is shown below for a stretch in Serbia, just north of capital Belgrade.
Many are the details in the project and its legal formulations. Gazprom opened
an office in Brussels in December. Tensions have been high between the Russian brass
and the tin soldier EU commissioners, due to fresh protests in Ukraine.
The strategic partners in the South Stream project are Eni of Italy, EDF of
France, and Wintershall of Germany. These giant European utility firms want
to see the project become a reality so as to reduce reliance on gas deliveries
from North Africa. The South Stream pipeline bypasses
politically unstable Ukraine.
In the winter of 2009, deliveries through Ukraine
were disrupted for a three-week period, which left customers in Europe without heat and cost Gazprom (by their estimates) around $2
billion in losses. Gazprom has strong support from Germany, the biggest energy consumer in Europe. The massive sister pipeline project called Nord Stream, connects
Russia and Germany under the Baltic Sea.
It was opened in November 2011. Partners in Nord Stream are Dusseldorf-based
E.ON, the largest German crude producer Wintershall, the French gas utility
GDF Suez, and Gasunie from the Netherlands. Gazprom calculates the $45 billion South Stream project will pay for itself
in 15 years, as expensive Ukrainian transit fees will be averted. It will
also benefit from a new modern transport grid, instead of Ukraine's aging pipes.
Curiously, natural gas deliveries to Europe from Russia
fell to very low levels in 2013, only reaching 162.7 billion cubic meters.
Demand from Eastern Europe has been weak, while an emphasis
has grown in favor of the LNG market. The EU Economic recession is partly
to blame. The South Stream project is vital to compete with the rival EU-backed
Nabucco pipeline project. The battles are intense and critical in the new
energy pipeline wars, which Russia
will win universally. For instance, the largest Italian industrial company
Eni is a 20% stakeholder in South Stream, but has taken Gazprom to court over
so-called Take & Pay contracts. In 2012, supply to Italy dropped by 12%, which is significant. See
the Russia Today article (CLICK HERE).
◄$$$ PUTIN HAS DEFEATED THE WESTERN PLAN TO COLONIZE UKRAINE...
HOWEVER, THE UKRAINE
ELITE WISH FOR THEIR NATION TO REMAIN AN INDEPENDENT FENCE BETWEEN EAST AND
WEST... LIKE TURKEY,
THE NATION IS A SWING VOTE IN THE CREATION OF THE EURASIAN TRADE ZONE, WHICH
WILL SEE MUCH STRONGER EASTERN LEADERSHIP... EXTREME HARDBALL PRACTICE WAS
SHOWN BY RUSSIA.
Ukraine is part of the Russian soul, and cannot be removed from
their commercial arena any more than California can be
separated from the United States. Secretly, the
West does not want Ukraine to prosper, or to become a stable and
a strong state either. A weak, poor, and destabilized Ukraine with some sort of semi-colonial dependence
to the West and a well placed NATO base is the best future for the country,
as perceived by diabolical hegemonists in WashingtonDC and Brussels. The chess game is alive and Putin
is a chess master. The Ukrainian leaders in Kiev snubbed closer relations with Europe in favor of a $15 billion
debt deal and gas discounts from Russia. Of course, they make the decision under
intense Kremlin pressures, some visible, some hidden. The oligarchs in Ukraine
are very wealthy. They prefer their nation to remain in its current status,
on the fence between the East and the West but still independent. That
cannot be, as Ukraine
is a northern linchpin nation, a vital chess piece that must move on the chess
board during a Global Paradigm Shift. They are afraid that the Russian
companies will strip their assets, should the Ukraine join the Customs Union.
Yanukovich was in big trouble, as the default was rapidly approaching. He annoyed
the pro-Western populace, and he irritated his own domestic supporters. A
collapse into anarchy was a real risk. A far-right nationalist party, Svoboda
(Liberty) made a bid for power. It
qualifies as a neo-nazi party. Politicians in Europe accused Russia
of pressuring Ukraine
unduly. Russian missiles suddenly emerged in the western edge of Russia on their border. The
Russian armed forces reacted to the US strategy of a disarming first strike, as tension
was very high. See the Israel Shamir article (CLICK HERE).
◄$$$ CHINA HAS BACKED RUSSIA
THE EURASIAN TRADE ZONE COMES TOGETHER PIECE BY PIECE, STEP BY STEP, WITH
THE TAGTEAM SUPERPOWERS SHOWING THEIR EXTREME STRENGTH... THE WILD CARD KEY
PIECE MIGHT BE JAPAN AS THE EURASIAN TRADE ZONE COMES TOGETHER. $$$
When Chinese President Xi Jinping visited Sochi
to attend the inaugural ceremony of the 2014 Winter Olympics, the event was
loaded with political symbolism. It was a clear expression of solidarity with
Russian President Vladimir Putin. In the event, Xi's meeting with Putin at
Sochi was marked by exceptional warmth and solidarity. Putin disclosed
that he will be meeting Xi on five occasions this year, which would include
two visits to China. During their meeting, the two leaders discussed
bilateral cooperation and increasing cultural exchanges of their peoples.
The two leaders also spoke via video uplink to the captains of the Chinese
and Russian vessels that have been providing naval escort to European ships
chemical weapons for their final destruction. The Kremlin cited that Xi took
a common stand with Putin in regards to Ukraine. The two parties emphasized the unacceptability
of any outside interference from the West in this key country's affairs, a
clear reference to hands off by the EU and a loud no for NATO. This amounts
to Beijing supporting all Moscow concerns
over the Ukraine situation. It is an
important new Chinese step, considering that the nation is not a Eurasian
power, not yet. It implies their censure of the European Union and the US,
whose officials have been visiting Ukraine
and openly encouraging anti-government protests. So strange, but any private
venue will suffice, even an Olympic upper box. See the BRICS Post article
The West is seen as blatant instigator of violent protest. Evidently, China
and Russia have drawn still
closer against the backdrop of the US
strategies in the Asia-Pacific and in Ukraine. At the Munich
security conference last week, US secretaries of state and defense John Kerry
and Chuck Hagel spoke abrasively over the Ukraine
situation in remarks that were patently directed at Russia. They just cannot accept defeat. They
objected openly to China
and Russia rapidly modernizing
their militaries and global defense industries, the US technology in challenge.
The USMilitary prefers not to be challenged in its hegemony as the full spectrum
dominance has faded away in the long recent shadow cast by Iran. The workaround on sanctions
exposed USMilitary weakness from economic levers. The next wild card is Japanese
Prime Minister Shinzo Abe, who visited the Putin court at Sochi.
Indeed, Japan is breaking
ranks with the US, Britain, France,
and Germany, whose leaders
were almost totally absent at the inaugural of the Sochi Winter Olympics. Their absence means the world is at war, a global
monetary war, a European energy war.
Russian diplomacy is working to maintain the upper hand as the Eurasian Trade
Zone forms. Japan will slowly move into the fold, despite the
Fukushima event, an attack that will
become known as one of the most dastardly violent deeds in modern history.
The US does not wish to
see Japan and China
join forces with South Korea to form an East
Asian power triad with no further dedication to the USDollar regime. Such
was the framed motive. See the Rediff Indian Punchline article (CLICK HERE).
In a bizarre demonstration, the USDept State
harshly criticized the European Commission for its involvement in Ukraine demonstrations, protests, and violent
disorder. What a strange accusation, like JPMorgan calling down Goldman Sachs
for strongarm tactics in the financial markets. The USGovt and EU Commission
work closely together. See the Zero Hedge article (CLICK HERE)
and try not to laugh too hard.
◄$$$ THE USGOVT AMBASSADOR TO RUSSIA
WILL STEP DOWN, A BIG BLOW TO THE UNITED STATES OVER THE RUSSIA
CONFLICT... THE PIECES ON THE CHESS BOARD WITH AMERICAN COLOR ARE BEING REMOVED...
MCFAUL WENT TOO FAR IN HIS METHODS, DEALING WITH OPPOSITION LEADERS AND LOCAL
ACTIVISTS... SUCH ACTIONS ARE NOT PART OF ANY DIPLOMATIC AGENDA AND REVEALED
THE USGOVT AS UNPROFESSIONAL, IF NOT MILITARISTIC. $$$
US Ambassador to Russia Michael McFaul announced he will leave the post. He
is credited with engineering the USGovt reset of relations with Moscow,
but who also angered Russia
during his tenure as envoy. Despite some improved ties, his work was marred
by controversy after Vladimir Putin, campaigning to regain the presidency
in 2012, accused Washington of stirring
up protests. Going beyond diplomatic circles, McFaul met with local rights
activists and opposition leaders during his first week at the post, incredibly.
The actions were egregious and unprofessional. The actions in Moscow
drew criticism from Russian officials and particularly the state media, as
the US Embassy was easily seen as fomenting protests. The USGovt has for decades
relied upon destablization as a weapon. It was McFaul's manner that created
The Montana native broke from the mold of restrained diplomacy, using social
media and speeches to students to communicate his messages. He operated within
the amateurish Obama Admin agenda, to work toward producing a popular opposition
to Vladimir Putin. What reckless naivete! Russian Foreign Minister Sergei
Lavrov once accused McFaul of stepping far beyond the boundaries of diplomatic
etiquette, in his words, when he accused Russia of offering Kyrgyzstan
a bribe to eliminate the United States
from usage of a transit facility that supported military operations in Afghanistan. The most uneasy
element to the McFaul departure might have come from high praise by the NSA
office, which praised his service in shaping US policy and advancing US
interests. Maybe the good ambassador planted a bug on Putin's lapel to obtain
information on his secret lovers or a hidden itinerary.
Putin refused to permit relations to grow cordial. He frequently accused the
United States of trying to undermine Russian stability.
The friction between Putin and the novice Obama can be identified. Moscow
has ejected the US Agency for Intl Devmt, claiming it tried to sway elections.
It has also barred Americans from adopting Russian children in response to
a US law blacklisting Russians
deemed involved in abuses including the death of whistle blowing lawyer Sergei
Magnitsky. Putin snubbed a G-8 summit hosted by Obama in 2012. The NSA spy
data touched the two men also. Obama canceled a Moscow
meeting with Putin last year after Russia granted asylum to fugitive American Edward
Snowden (a minor Jackass correct forecast). The insider scoop from the embassy
is that McFaul became worried over Russian media reporters following him.
He was often shadowed by reporters from a TV station friendly to the Kremlin,
prompting him to wonder publicly whether the media had found a way to obtain
his itinerary. See the Reuters article (CLICK HERE)
or the Washington Post article (CLICK HERE).
As footnote, Putin has already made an important decision on handling Ukraine after the Winter Olympic
Games conclude. A source informs the decision has already been made. Something
big will be announced, which changes the chess board.
◄$$$ ON THE QUESTION OF WHETHER UKRAINE
BELONGS TO EUROPE... THE EUROPEAN COMMISSION HAS BEEN INCOMPETENT IN PURSUING BOTH
TURKEY AND UKRAINE... THE MOTIVES FOR
INTO THE FOLD APPEAR TO BE DISRPUTION IN REAL TERMS, WITH A FANTASY TO WIN
THE ENERGY PIPELINES... THE EUROPEAN UNION IS A FAILED
CONCEPT, WHICH STILL SEEKS TO EXPAND LIKE A SEWER OVERFLOW. $$$
The rocky evolution of the European Union has been given a major setback in
Ukraine, after stalling the Turkish bid for membership.
Bear in mind that the Euro Monetary Union (common currency) is a total wreck,
with Southern sovereign bonds destroyed, with the Euro Central Bank illegally
holding the financial sinew together, and the poison pill austerity programs
all a disaster. Yet the EU wishes to expand its brokenness to include Eastern
Europe. What folly! The incompetent and spineless ways of the EU top offices
in its efforts to become a major European political power is evident in its
track record to make Turkey
a member. Turkey would
have become the second most populous member of the EU in representation with
nearly 80 million people, rivaling Germany,
but over 95% Muslim. Its history is replete with military juntas for governments,
and a quasi democracy when civilian led. It currently experiences serious
political disorder. Its membership could have paralyzed the EU.
The next awkward doomed maneuver by the EU Commission was its effort to build
a political association with Ukraine. The nation's history
is closely aligned with Poland,
and western Christianity. The maneuver has been reckless and extremely subversive. For membership, the initial foray in EU qualification required rupturing
Ukraine's medieval and
modern association with Russia.
The cultural and religious ties between Ukraine
are difficult for Westerners to comprehend. The Western Russia region was
the object of Christian missionaries, such as by Ukraine's Byzantine Saints Cyril and Methodius
in the 9th century. Much of the Russian civilization resulted from the foundation
laid that has stood a millennium. The US-EU joint effort was certain to produce an upheaval
in Ukraine and Russia, most likely the USGovt objective once again,
the common theme of destabilization seen in the Middle East and North Africa. Such are not noble pursuits by an honorable nation, nor
of a true superpower leader on the geopolitical stage.
Ukraine in its modern form is historically divided between Central
Europe and Russian influences. The US
wished to divide it further, and with a lunatic notion to win Ukraine for the West, complete
with all its energy transit pipelines. These critical pipeline networks
are rarely mentioned in the Western press, despite their importance. A
positive potential might be the motive, but more for public oratory more than
for reality basis. The country might in the future provide a cultural bridge
and means of beneficial mutual influence between Europe and Russia. The attempt to recruit
to the EU, preceded by the clumsy amateurish American effort to make it part
of NATO, was inevitably destined to end in conflict. But few in Brussels
or Washington appear to have been
aware of this doomed direction. Their ignorance is exceeded only by their
The nation is bordered to the west by Poland
and to the east by Russia,
with Romania located to the south.
Almost all political decisions and votes are divided along the east-west line.
The Russian side has been dominant in recent decades. The official language
is Ukrainian, an east slavic language, which uses a variant of the Cyrillic
alphabet. Votes are frequent on matters pertaining to language. The issue
of adopted language for public usage and schools is a constant source of friction.
Note the Russians operate a critical naval port facility in the Black Sea
at Sevastopol on the Crimean Peninsula. Few realize that Chernobyl
is located in northern part of Ukraine.
It is a unique city (population 500) in the restricted Chernobyl Exclusion
Zone situated in northern Ukraine
near the border with Belarus.
◄$$$ IN THE GLOW OF POST-ENERGY REFORM, MEXICO
SIGNED ITS FIRST OIL DEAL WITH RUSSIA...
THE RUSSIAN LUKOIL GIANT HAS ANNOUNCED AN AGREEMENT WITH THE MEXICAN STATE-RUN
OIL COMPANY PEMEX FOR EXPLORATION, EXTRACTION, AND COOPERATION ON ENVIRONMENTAL
BEST PRACTICES... THE US
FIRMS LOBBIED HARD, BUT LOST AS PEMEX HAS OPENED THE DOOR TO FOREIGN CONTRACTORS.
This is a very big deal, the event occurring in the US
southern border. The state run Mexican PEMEX oil firm has forged a partnership
with Russia, and not with
oil firms, a grand insult. The deal was announced at the World Economic
Forum in Davos Switzerland.
It represents the first foreign contractual pact since Mexico completed reforms on its energy sector
in December, bringing an end to the 75-year state monopoly within PEMEX
over exploration and production. Since 1938, the state owned firm has
controlled the entire energy production chain in Mexico. In the past decade, sharply falling investment
and production has forced changes, regarded as failure of management. Output
declined from 3.8 million barrels per day in 2004 to 2.6 million barrels in
2013, a staggering decline of almost 32%. The Jackass forecast made in summer
2007 was for the severe Mexican oil output decline to cause a systemic failure
for the nation due mainly to big budget deficits as a result. The rise of
the drug cartels in Mexico proves the forecast probably to be correct,
a difficult one to confirm as correct. The drug cartels are fanning out across
Central America, including in Costa Rica.
The result has been newly opened doors to international oil companies. The
arrival of foreign partners is expected to spark a revival of production in
Mexico to 3.0 million barrels per day by 2018
and 3.5 million barrels by 2025. Such forecasts seem overly ambitious,
and require the presence of much more oil reserves than Mexico currently possesses.
Much depletion has occurred in the last 40 years. The Mexican Congress is
currently debating and drafting secondary laws to implement a sweeping energy
reform bill passed last month, designed to open up the market to international
oil & gas companies. The main news item of open door policy is trumped
by the Russian pact, rather than a pact with the US and Western European seven
sisters big oil family. The end of the PEMEX monopoly has finally come, which
is indeed progress. The presence of foreign contractors might inhibit the
vast thefts of PEMEX oil from diverted pipeline flow.
The Mexican Congress has 12 months to develop energy related environmental regulations
and to establish the National Center of Natural Gas Control and the National Energy Control
Center. On downstream matters, the Ministry of Energy
will issue permits for processing and refining. Among the companies that have
expressed interest in partnering with PEMEX to explore untapped deep-water
reserves in the Gulf of Mexico are Shell (Netherlands),
Exxon (US), Repsol (Spain),
and Petrobras (Brazil).
According to Southern Pulse, the language of the bill under consideration
allows for risk contracts in which the "owner of the resources [Mexico]
transfers the economic risk of exploiting those resources to a third party
without lessening its ownership." The contractor or operator receives
compensation tied to their success in exploiting the resource, although the
state would retain the majority benefit. Companies will not be permitted to
count unproduced reserves on their ledgers for accounting, although they can
list final contracts and projected profits. Also at Davos, Mexico drew
in over $7 billion in investment from Pepsico, Nestle, and Cisco as a result
of economic reforms to boost foreign investment and growth. See the Oil Price
article (CLICK HERE).
◄$$$ RUSSIA & EGYPT
HAVE SIGNED A HEFTY ARMS DEAL, BUT THE SHOCKER IS THAT THE PURCHASE IS FINANCED
BY SAUDI ARABIA
AND THE UNITED ARAB EMIRATES... THE EGYPTIAN JUNTA'S PRINCIPAL PATRONS ARE
BUILDING A WALL AGAINST THE ANGLO WEST... THE RUSSIANS ARE BUILDING THEIR
POSITION IN THE NORTH AFRICAN ZONE, WITH SYRIA AND JORDAN AS RUSSIAN NAVAL PORTS... THE
KREMLIN HAS TAKEN ADVANTAGE OF AN EXTREMELY CLUMSY INEPT OBAMA ADMIN. $$$
The Israeli and Iranian media reported an astonishing MidEast development, an
arms deal between Russia and Egypt worth $2 billion. Notice is given, attention
paid, since the signal is resumption of military ties after a 40-year break
between Moscow and Cairo. The US has indeed lost Egypt, the deal being a second slam in exclamation.
Worse, the deal is to be financed by Saudi Arabia and the United Arab Emirates, which are the Egyptian junta's
principal patrons, without whom the Morsi puppet would never have been kicked
out. The nation faces an acute internal security situation borne out of the
repressive character of the regime, against a new backdrop of Islamic terrorism
at the hands of the USGovt supported Muslim Brotherhood. The Obama Admin goons
criticized the arms deal in dissent, with mumbo jumbo about democracy, tolerance,
polarized political environment, and absent constructive process in drafting
and debating the constitution. The Team Obama has no credibility after Libya
and Syria, given the topple of the Washington puppet Morsi. The Cairo leaders, including its generals, have grown tired of US
turn of screws. The Kremlin wins new chess pieces, with its Tartus naval port
in Syria it will add another
naval port in Jordan. Look for Russian ships to patrol the Suez Canal, and thus assure safe passage
for Persian Gulf oil to supply the European market. Such
is the stuff of ended USMilitary protectorate role as key element to the Petro-Dollar.
The recent scorecard in North Africa and Middle East is
an abomination. Incredibly, Saudi Arabia
patronized Salafists in Syria
with traceable links to al-Qaeda, whom the regime in Damascus
is fighting with help from Russia. Meanwhile in the context of Egypt,
both Moscow and Riyadh seem to agree that Islamism is poison. There can be no rational
explanation for the actions, except to conclude that no parties wish to align
with the United States any longer. The US isolation continues. On
the other side, Russia
has been consistent about the imperatives of fighting the Salafists, whether
in North Caucasus or Central Asia or the Levant (Syria,
Jordan, and edges of Iraq and Saudi Arabia). By contrast, the Obama Admin speaks
in multiple voices depending on the exigencies of the situation, like amateur
As for Syria, the Assad regime
is working with Russia on Geneva Iran Talk conference continuation.
The Damascas clan professes dedication to fight al-Qaeda, but still keeps
all options open to bring about a regime change. Such profound contradictions
make the Middle East an arena for the US-Russian geopolitical
chess game, with much jockeying. Russia
is using its strong ties with Iran
to create the diplomatic and political space for Tehran
to negotiate from a more favorable position with the United States. The key player in the background
is the Saudi intelligence chief Prince Bandar. He has already paid two visits
to Moscow, angering Putin. Let it
be known that the Egyptian military coup last year was the Bandar masterpiece.
He must look over his shoulder though, for Putin hit squads if a misstep is
made. No comment on Israel, which watches. See the Rediff Indian Punchline
article (CLICK HERE).
The extremely clumsy inept Obama Admin actions have lost much of North Africa
& Middle East nations to the Eastern Coalition. Perhaps the USGovt syndicate
objective is to steal the central bank gold after all, since what is left
is hollowed out nations devoid of significant wealth. After the wealth is
gone, the depleted nations mean little.
## MINING SECTOR PLIGHT
◄$$$ INSIDE THE TROUBLED MINING INDUSTRY IS COLOSSAL DISRUPTION AND BUSINESS
TURNED ON ITS HEAD... LOW PRODUCTION MARGINS HERALD GOLD & SILVER PRICE
INCREASES... THE SUPPLY SHORTAGES WILL ONLY BECOME MORE ACUTE, WITH CERTAIN
IMPACT ON THE INDUSTRY... PROJECT SHUTDOWNS HAVE BEEN SLOW... MINING FIRM
OPERATIONS HAVE BEEN DISCOMBOBULATED... PROFIT MARGINS HAVE TURNED NEGATIVE...
THE BEST ASSETS ARE BEING DRAINED... THE SECTOR SHOULD GO ON STRIKE AGAINST
THE COMEX. $$$
The gold mine industry fundamentals have never been worse.
The gold price market fundamentals have never been better. The entire mine
industry should go on strike, and demand a proper higher gold price from the
corrupt COMEX. The plight of the mining sector continues, the wreckage
piling up. The dim bulbs and easily led sheep point to the price decline,
which have been big, and are discouraged. The drops in precious metals prices
in 2013 have been impressive: Gold down 28%, Silver down 36%, Platinum down
11%, Palladium flat. Staring at the billboard is folly, an exercise that misses
how the entire wall is caving in that supports the billboard itself. The key
is always found in the fundamentals. The Supply & Demand fundamentals
are hugely favorable for all precious metals. The case is compelling for Gold
& Silver and even improving over time. The corrupt system offers deep
discount, with the main risk nowadays in finding supply to capture the advantage
on lower artificial price. Recent project shutdowns and company consolidations
with top producers portend severe pressure on the supply of precious metals
throughout the entire industry. At the same time, government policies in Russia
have created a pent-up demand. Couple this with the ongoing torrent of demand
for gold coming out of China,
and a perfect storm for rising prices is presented. However, the bigger potential
is for non-linear developments in price, meaning huge quantum jumps from the
The supply shortage has begun to emerge based on mine
closings and consolidations, due to both pitifully low prices offered for
output, and the high yet still rising cost of production. The situation is dire, and requires
a quick update. Alexco (Canadian producer) has put its Bellekeno mine on Care
& Maintenance, which will decrease production to a minimum until prices
begin to rise again. It went from an operating margin of plus 4% in 2012 to
minus 340% in 2013, a typical development in the sector. Aurcana (Texas
company) has put Shafter mine on Care & Maintenance. The mine will wait
to start production until higher prices are established. The profit margins
dropped from plus 17% in 2012 to minus 149% in 2013. Hence no more jobs at
the silver mine in Presidio County of Southwest Texas. Even thelow cost producers,
such as Gold Resource Corp, are still operating but doing so at minus 6% margin.
The world's largest gold producer, Barrick Gold closed its giant Pascua Lama
mine in South America for the foreseeable future. The
$5 billion project has suspended operations until 2017, a staggering disaster.
Labor issues and high costs forced the decision to abort the project at these
current price levels. Other big miners have mothballed projects in recent
years. Rival Newmont Mining has put its Conga project in Peru on hold, and Anglo American last month dropped
plans to develop the Pebble copper-gold mine in Alaska. Like Pascua Lama, the Pebble project has faced strong environmental
opposition. These suspensions have been overshadowed by actual bankruptcies,
such as with Colossus Minerals. The firm lost a $25 million financing deal
required to continue the Serra Pelada mine, located in Brazil.
In a recent article by Rich Checkan of ASI, the four outcomes were presented
when prices are at the cost of production or below it:
1) Mines close or firms go into actual
2) Junior mines consolidate and the major
mining companies take over
3) Mines sell as much as they can at
current prices in attempt to tread water until prices rise
4) Mines slow production and harvest
only the easiest to extract, or at lowest cost.
Supply will sharply decrease, as finally all above options are being taken.
Meanwhile, hedge funds are selling off the Exchange Traded Fund holdings in
precious metals held in inventory in order to chase the mainstream lunatic
equities markets. The SPDR Gold Trust is being drained of its metal bar inventory. Deceptive stories abound, as GLD shares are being taken out, in order for
major investors to walk off with physical gold bars, hardly a negative story.
The press focuses on GLD share sales improperly. The gold price ambushes
have put strong downward pressure on prices. The profit margins have turned
into unsustainable losses for the mining firms, resulting in business decisions
that will amplify the output reductions. Worse, the mining firms are attacking
and exploiting their best assets, draining them for pitifully low profit,
a true waste. They should shut down all operations and go on strike, forcing
the COMEX to pay a valid market price. The operational struggles with
rugged union demands, labor situations, violence at sites, negotiated worker
conditions, rising costs, hijacked output by truck, and government confiscations
make for a nightmare. The internal organization and efficiency of mines has
not always been strong or impressive. The smaller mines coasted through the
high flying precious metals markets of the past few years, and their fundamental
weakness shows in the form of severe troubles in recent months. Supply is
dwindling, and promising assets are being sacked. Mining firms should halt
unprofitable operations and preserve their best assets. See the Asset Strategies
International article (CLICK HERE).
◄$$$ A NEW THREAT TO GOLD MINING FIRMS IS THEIR CREDIT RATING... THE MOODYS
SURPRISE ATTACK ON THE GOLD PRICE SETS UP THE DOWNGRADE OF MINING FIRMS...
THE ASSAULT IS BROAD BASED, SETTING UP EXPLOIT BY WELL FUNDED PARTIES LIKE
THE MAJORS OR NARCO GROUPS... WATCH THE CHINESE SCOOP UP MINING FIRMS WHOLE.
The move was genius. The latest threat is to mining firm credit ratings, which
will hinder their ability to generate commercial loans and to raise bonds. Moodys Investors Service cut its gold price forecast for the year to $1100,
putting the credit ratings of large Canadian precious metal producers at risk
of a downgrade. Notice how the gold price rise to $1300 contradicts the rating
agencies, making them look corrupt, again! The mining firms face attack
from all sides, as the gold price is downgraded every week. The credit rating
agency announced it will use an average bullion price of US$1100 per ounce
instead of $1200 to determine a company's credit rating, even though the price
has remained above the $1200 level for all the assault ambushes. The official
statement read "The increasing risk of lower prices suggests that
key credit metrics of certain producers are stretched for current ratings
in the absence of mitigation through cost reductions or other actions. The
increasing risk of lower prices suggests that key credit metrics of certain
producers are stretched for current ratings in the absence of mitigation through
cost reductions or other actions."
Observe basic piling on. The weaker price forced producers to write down assets,
cut jobs, and suspend dividends and projects. A credit downgrade would put
companies in a more precarious financial position and make it more expensive
for miners to borrow funds. One must wonder if the rating firms are guided
by a secret giant entity or the private equity firms or narco barons, like
Papa Bush who used to sit on the Barrick Gold executive board. To be sure,
gold companies are far less profitable or they are actively losing money. The weaker gold price puts some of their unmined reserves at risk in terms
of not serving as exploitable wealth or as collateral at all. They should
halt operations and go on strike against the COMEX altogether!
Mining firms might have only been pushed to re-work their
accounting of reserves, the possible real motive behind the ratings agency
threat. Barrick Gold had used $1500 gold price in calculating reserves. Newmont Mining
Corp had used $1400 gold price to calculate its reserves. The midsized stalwart
producer Agnico Eagle Mines had used a $1490 price assumption for its mines
that have a shorter life and $1345 for its longer duration mines. Many majors
actually have near junk debt ratings, like Barrick, Kinross, and Goldcorp,
all with ratings at the lowest investment grade ranks. Barrick is rated Baa2;
Kinross is Baa3; and Goldcorp is rated Baa2. Add the debt rating new woe to
old woes like vanished profit margins. The credit downgrades will make access
to capital more costly. Watch for acquisitions.
Barrick has taken the most drastic steps to improve its balance sheet. The company
suspended development of its disastrous Pascua Lama mine in South
America, raised $3 billion to reduce its debt load, sold mines, and cut jobs.
Similarly, Kinross slashed its capital expenditures, cut its dividend, and
delayed making a decision on expanding its Tasiast gold mine in West
Africa. See the Globe & Mail article (CLICK HERE).
◄$$$ BARRICK TO MAKE MORE HUGE IMPAIRMENT WRITEOFF LOSSES... EXPECT NEW
BARRICK SHARE HOLDERS TO BE CHINESE ENTERPRISES... THE ASSUMED GOLD PRICE
IN THEIR CALCULATIONS INDICATES THE LIKELY GOLD PRICE FLOOR DETERMINED BY
GOLDMAN SACHS. $$$
Not much in the way of information details, but by contrast huge interpretations
and implications. By calculating their reserves at $1100 per ounce in value,
Barrick is indicating the floor in the gold price. The move up to $1300 in
price confirms the floor. New CEO Jamie Sokalsky stated the mining firm met
2013 gold production guidance of between 7.0 million and 7.4 million ounces
in output. He also indicated the firm's all-in 2013 production costs were
within the sustained cost guidance of $900 to $975 per ounce. The firm remains
profitable on working projects. However, Barrick expects to register a further
gigantic impairment charge on the disastrous Pascua Lama project, the stalled
$8 billion boondoggle project located on the Argentine border of Chile. Yet the PL project suspension was an excellent
business decision. The firm is also looking at other impairment charges. Expect
more secondary stock issuance, and perhaps a shareholder lawsuit for failed
fiduciary responsibility related to the stalled projects. See the Reuters
article (CLICK HERE).
My Jackass gut tells me some Bush narco money is soon to arrive at the Barrick
doorstep, where they will go on an acquisition trail to recover production.
The firm will obscure the origin of funds. The Bush Family narco income is
in the range of $300 billion per year, the biggest source on the planet,
yet the least mentioned ever. The firm does not want full scrutiny of
its failures and criminal financial books that include the Evergreen gold
contracts. Those were special price suppression contracts designed to pull
down the gold price ten years ago, and never to be delivered on for the gold
bullion. The very large mining firms are worth watching, since they are in
the best position to exploit the plethora of struggling junior firms that
are busted. The large firms will be in a position to hide the source of
their incoming funds used for acquisition, dirty money my suspicion. The
opportunity is too enormous for exploit not to take advantage, even with dirty
◄$$$ AFGHANISTAN HAS RARE EARTH
METALS, A TREASURE TROVE NEXT TO THE POPPY FIELDS WHERE THE USGOVT PRODUCES
HEROIN... THE NATION NEVER CONTAINED THE CRUDE OIL THAT THE CHEVRON TEAM BEHIND
CONDY RICE CLAIMED, ALL A RUSE...
BUT DIFFICULT MINERALS ARE PLENTIFUL... EXPECT CHINA
TO CAPTURE THE RARE EARTH BONANZA, JUST LIKE THEY DID IN MONGOLIA. $$$
It might be a puff piece on rare earth metals loaded in Afghanistan,
but the Mining magazine article describes another angle to the Afghan puzzle.
The United States is poised
to lose on rare earth metal contracts to China, and even become strategically vulnerable
in the dependence in the industrial supply sense. The Chinese are sitting
on a decade worth of mined and refined rare earths. The emerging superpower
will buy up any other supply source that tries to come up, besides the ample
supply offered by neighboring Mongolia. All rare earth development today has
to be heavily subsidized by a government, since so costly. The Chinese are
willing to consume from their supply stockpiles, as long as it is used toward
manufacturing activity within China
industry. See the Mining article (CLICK HERE).
## USECONOMY STUMBLES DOWNHILL
◄$$$ THE ISM MANUFACTURING INDEX FELL HARD... WEATHER IS A FACTOR, BUT
SO ARE THE COLLECTIVE EFFECTS OF QE BOND PURCHASES, BIG BANK INSOLVENCY, CAPEX
BY US-FIRMS OUTSIDE THE UNITED STATES, THE EMERGING MARKET ECONOMY DECLINE,
AND OBAMACARE. $$$
The Institute for Supply Management (ISM) index for manufacturing registered
51.3 in January, a decrease of 5.2 percentage points from the December reading
of 56.5 percent. This is a significant decline. To be sure, weather was a
factor, and might explain some but not the full impact. New Orders were barely
above 50, down a massive 13.2 points to 51.2 in a shocker. The sudden decline
in US factory orders was shocking. Factory orders in the US
suffered their steepest fall for 33 years in January. Production was down
6.9, employment contracted 3.5, and inventories contracted to 44 from 47.
The message is clear, that producers have no faith in improvement in the coming
months. Worse still, prices went up 7 points to 60.5 and order backlog was
just below 48, a neutral reading. This was a wretched report as while people
tried to lay full blame on weather. The ISM figures fly in the face of USEconomy
in recovery, and contradicts the Reich Finance release of a revised 2.7% annualized
GDP fo Q4. The growth is not only a myth, but a requirement as byline on economic
reporting. Any reporter who fails to begin a story without citing the struggling
growth is dismissed and out of work. Factory activity slowed further in China
in complementary fashion, confirming the obvious on a massive global recession
that will not go away. The world's two biggest economies are in trouble, along
See the UK Telegraph article (CLICK HERE).
◄$$$ USECONOMIC RECESSION CONTINUES... THE ELECTRICITY USAGE HAS RELIABLY
INDICATED A POWERFUL DECLINE FOR SIX CONSECUTIVE YEARS... THE CASS SHIPPING
INDEX POINTS TO LESS ACTIVITY AND LOWER EXPENDITURES IN THE LAST TWELVE MONTHS...
NO SIGN OF RECOVERY. $$$
A few favorite Jackass macro-economic indicators have been displayed in the
past two or three years, useful to provide reality in the face of deception
and propaganda. The foolproof economic indicators include the IRS payroll
tax withholding, the freight shipments, the electricity usage. Recessions
do not go away by politician pronouncements atop a pedagogue stage. It is
time for an update on reliable macro measures. Declines in miles driven across
the USEconomy indicate lower fuel consumption. The message is recession. Do
not accept those spurious arguments of increased efficiency or boosted productivity.
Both are hogwash. Notice how the recession admitted in 2008 and 2009 started
actually in 2007 and continues with a fierce vengeance still. The decline
The Cass Freight Index for Shipping had a December 2013
reading of 1.037, which is a hefty 3.2% down from the same month of 2012. The index for Expenditures had a December 2013 reading of 2.387, which is a
ripe 7.1% down from September 2013. Both number of shipments and the spending
value of the cargo are down, but the size of cargo is increasingly slightly.
Efficiency has risen. Economic recovery is a fiction. Freight volumes in North
America plummeted 6.2% from November to December, making this the largest
monthly drop in year 2013 and the third straight monthly decline. December
shipment levels were 3.2% lower than in December 2012 and 1.8% lower than
2011. The business new year begins in September in the United States, following summer vacations. The
typical autumn monthly rise was absent all three years recently. On the bright
side, efficiency is evident. Despite lower shipment trips, other indicators
such as the Truck Tonnage Index produced by the American Trucking Assn have
shown that loads are heavier on a steady basis. This matches well with anecdotal
evidence from the carriers that they are carrying fuller loads.
◄$$$ USECONOMY LABOR PARTICIPATION RATE REACHED 62.8% AND CONTINUES TO
DROP... THIS INDEX IS MORE MEANINGFUL AND INDICATIVE THAN THE JOBLESS RATE...
THE POWERFUL RECESSION CONTINUES TO RACE DOWNHILL... NEARLY HALF OF AMERICA LIVES PAYCHECK TO PAYCHECK, AS ECONOMIC
RECOVERY IS ELUSIVE OR NONEXISTENT. $$$
A Wall Street adviser in a recent memo to his clients
said that the actual unemployment rate in the United
States is 37.2 percent. The interpretation of the inverse
Labor Participation rate makes perfect sense. The memo from David John Marotta
was picked up by the Washington Examiner. It stated that unemployment is far
worse than reported by the USGovt. His claim is based primarily on the Bureau
of Labor Statistics data on the current labor force participation rate, which
is about 62.8%, a pathetic low reading, and still in harsh decline. The graph
reflects the adult, non-military, and non-jailed population that is currently
employed or actively seeking work. Simple arithmetic surpasses the highly
paid Reich Finance data merchants and propaganda artisans employed by the
USGovt. Marotta merely subtracted the current labor force participation
rate from 100, with one hundred representing full labor force participation.
It is clear that 37.2% of the civilian, non-institutional population is not
working. The flaw in the exaggerated claim is easy to identify. Such a
calculation includes everyone such as retirees, adolescents, college students,
and homemaker mothers, even the injured and infirmed. In other words, he includes
people who would ordinarily be excluded from what we refer to as the active
labor force. But the point is heard loud and clear. In a normal recovery,
the participation of the work force grows, a novel concept. It grows from
students seeking work, from mothers returning to work, from the injured recovering.
See the Investment Watchdog article (CLICK HERE).
The Corporation for Enterprise Devmt (CFED) made a recent report conclusion.
They stated that nearly half of Americans are living in a state of persistent
economic insecurity, where they operate from paycheck to paycheck, with no
real savings. They operate in a state of quiet desperation. They cannot look
beyond immediate needs or plan for a more secure future. The CFED called these
people the liquid asset poor. About one quarter of middle class households
fall into this category. Geographically, most of the economically insecure
are clustered in the South and West, with Georgia, Mississippi, Alabama,
Nevada, and Arkansas
being the states with the highest percentage of financially insecure. The
report found that 44% of Americans are living with less than $5887 in savings
for a family of four. See the Time Business & Money article (CLICK HERE).
◄$$$ FORECLOSURES SUDDENLY JUMPED 57% IN CALIFORNIA,
AND HAVE SOARED IN MOST OF THE UNITED STATES... NO SOLUTION ANYMORE, JUST
AMPLE PAPER MACHE AND LARGE CARPETS TO COVER UP THE BLACK HOLE... THE USFED
BOND MONETIZATION SOLVES NOTHING... THE FANNIE MAE ASSUMPTIONS SOLVE NOTHING...
THE NEW FHA GOVERNMENT LOANS WITH PICAYUNE DOWN PAYMENTS SOLVE NOTHING...
THE NATIONWIDE HOUSING MARKET CANCER HAS RETURNED... WITNESS SYSTEMIC FAILURE.
The non-solutions to the housing market are stuff for history books, along with
multi-$trillion criminal fraud that so far has produced zero jail time for
any Wall Street firm perpetrators. The housing bubble is making a comeback,
but only in isolated areas, desirable locations to be sure like Silicon Valley
(suburban San Francisco to the south). However, so are the home foreclosures
making a comeback. The excesses of speculation have returned in some pla ces. The private equity funds and highly leveraged REITs are throwing money
around, buying up every single family home in sight, even many with hostile
tenants. They are proving to be the primary impetus behind the awkward non-recovery
in the housing recovery. The Wall-Street financial engineer criminal junkees
have devised a new and improved product. It is a synthetic structured security
that on the surface looks like that the old falsely labeled triple-A rated
mortgage backed securities of the past, the same toxic waste that contributed
to wrecking the big banks in the infamous subprime chapter. This time the
securities are backed by enumerated rental payments from single family homes
that are supposedly rented out and bear income. Excuse the Jackass, but the
previous corrupted tranches this time simply have a more detailed list. Enough
side tracking on big bank fraudulent mortgage security packaging.
The United States has just undergone the shock of
a major rise in foreclosure filings, since the cancer has returned, nothing
solved. The USEconomic recession might be the proximal cause. The total
foreclosure filings (default notices, scheduled auctions, bank repossessions)
suddenly jumped 8% to 124,419 in January across the nation, compared to December,
according to RealtyTrac. Not even polar vortexes and arctic weather could
stop the process. Still, the total monthly foreclosure filings were down 18%
from a year earlier, the 40th month in a row that they declined on an annual
basis. But it was the smallest annual decline since September 2012. In
addition, the 8% jump from December was the largest such increase since May
2012. No formerly hot states have cleaned up their mess. The statement
from RealtyTrac VP Daren Blomquist indicated, "The foreclosure rebound
pattern is not only showing up in judicial states like New
Jersey, where foreclosure activity reached a 40-month high in January, but
also some non-judicial states like California."
In California, the foreclosure starts in 2013 had plunged 60% from 2012,
and had declined year on year for 17 months in a row. With the exception of
five months, the FC fliings had declined four years in a row. Then suddenly,
amidst a ballyhooed supposed recovery by the usual shaman suspects, foreclosure
starts in January shot up by 57% to capture attention. It is almost a nationwide
phenomenon on the relapse. Foreclosure starts rose 10% from December to
hit 57,259 properties across the entire country. In all, 22 states registered
annual FC increases, some with bigger monster moves. Consider New
Jersey, where they soared by 79%, in Connecticut by 82%,
and in Maryland by 126%. The Jackass has warned for three
years, that the housing market is not recovering, still with a gigantic overhead
of bank held inventory (supply) and concocted bids from private equity mug
firms (demand). Perhaps January was a fluke, as time will tell. My gut says
a turning point has been seen, with evidence elsewhere in five sectors to
the wrecked USEconomy, while the USFed acts as Politburo to bring more sophistication
to the old Soviet model. Not even free money can fix a broken housing market.
See the Business Insider article (CLICK HERE)
or the Testosterone Pit article (CLICK HERE).
◄$$$ IN WASHINGTON STATE (NON-JUDICIAL), THE CONTROVERSIAL MERS TITLE
DATABASE LOST A MAJOR CASE IN A COURT RULING... THE MERS ENTITY HAS NO LEGAL
In a huge ruling against Bank of America, a MERS entity was again shot down,
this time in Washington State. It has no legal standing.
It cannot take title on a home with a loan bearing title supposedly shoved
into the MERS database, since it cannot hold a home loan note. In addition
to being an entity with no legal standing, the MERS company is as corrupt
as is conceivable with multiple usage of single titles and many forgeries
inside its festering confines. The judge ruled the foreclosure conducted
by BOA & MERS was not legal in any way. He also ruled that the person
foreclosed upon has the right to receive monetary damages directly from BOA
in a separate process. Countless people are in a position to reverse past
foreclosures or to halt ongoing foreclosures or to prevent future foreclosures.
The Wall Street and big financial firms are mere crime syndicates who committed
multi-$trillion fraud, with some remedy coming but way too little, way too
The following is a key portion from ruling from Hon. George Bowden from the
Superior Court of
Washington State. "There
was no evidence that MERS was ever the owner or holder of the note. Hence,
under the Bain decision, MERS could not have been the beneficiary. Bain left
open the issue of whether MERS could act as an agent of the lender or trustee,
and in support of its motion for summary judgment defendants make that assertion
here. More troubling is the role of ReconTrust. It was ReconTrust which
issued the notice of default to the borrower. ReconTrust was not the trustee
when that notice was issued. It is undisputed that ReconTrust was, at all
times, a wholly owned subsidiary of BANA. There is no reason, or at least
none that I could see, that would preclude ReconTrust from issuing a notice
of default as an agent of BANA. But thereafter MERS named ReconTrust as the
trustee. Or perhaps ReconTrust named itself as the trustee, since the signatory
G. Hernandez was not an employee of MERS but rather was employed by ReconTrust.
While the DTA appears to have been amended and arguably might permit a subsidiary
to act as a trustee, the statutory requirement remains that the trustee be
independent and not beholden to the lender or borrower. Acting as an agent
of BANA and being a wholly owned subsidiary of BANA, it seems specious to
attempt to argue that ReconTrust was an independent trustee."
A powerful decision, with specific legal violations. It is one of several state
rulings against MERS, a device created by Wall Street banks to enable and
expedite criminal fraud on a grand scale, with rapid response time in the
sale of mortgage bond securities and shuffling of home titles. The precedent
cases are piling up, even as the publicity grows on the widespread illegal
foreclosure practices. See the Sherrie article (CLICK HERE)
and the Court ruling PDF file (CLICK HERE).
As footnote, Washington is a non-judicial
foreclosure state. That means the cases are not required to go in front of
a judge. The bank can advertise a home in default for four weeks and then
sell it on the court house steps at auction. In judicial states they have
to go in front of a judge to foreclose and seize the home with defaulted loan.
◄$$$ ONE MILLION JOBLESS AMERICANS HAVE LOST FINANCIAL SUPPORT IN UNITED
STATES... THE USCONGRESS HAS HALTED THE EXTENDED UNEMPLOYMENT BENEFITS, AND
IMPOSED POVERTY AS THE NEW NORMAL. $$$
At the end of December 2013, the lights went out for over a million US jobless
citizens. They lost unemployment benefits after an emergency federal program
expired. The USGovt lawmakers failed to agree on a further continuance of
the program before the Congress went into winter recess. The White House claimed
the benefits have kept millions of families out of poverty, while many Republicans
argued that the plan's annual $25 billion price tag was too costly. By the
end of 2014, the number of Americans who will lose access to long-term unemployment
benefits will be five times higher. By July, another 1.9 million people will
fall off the stage for extended benefits. By the end of 2014, a huge 1.6 million
more will be kicked off, totaling about five million Americans. The marginal
total to lose benefits is a significant portion, around 3% of the working
USEconomy's workforce. The impact will be severe and noticeable, since the
monthly support is not a trifling amount. See the BBC article (CLICK HERE) and the Bloomberg
article (CLICK HERE).
The USCongress spends more money on anti-urban riot vehicles than extended
Consider the bizarre side to the news. It is a positive for the stat rat Reich
Finance officials. They will immediately pull the benefit losers from the
workforce calculation in the unemployment survey. So the unemployment rate
will fall 3 or 4 tenths of 1% as a result over the next few months. The recovery
story will thus be bolstered. Worse, one week ahead of the cut to Food Stamp
benefits of $29 per family, the USDept Homeland Security spent $80 million
to beef up security in New York City with the expectation that those who lost their benefits
would start rioting. They know that we are rapidly approaching a breaking
point. Just a shift in spending, in concert with police state economics.
◄$$$ THE BIG RETAIL BUSINESS NEWS READS LIKE AN OBITUARY... US-RETAILERS
ARE ON THE ROPES DURING THE FICTIONAL RECOVERY THAT HAS NO RECOVERY FEATURES,
ONLY RAPID DETERIORATION... MANY LARGE FIRMS ARE HURTING, IN RETREAT, CUTTING
WORKERS, FACING SURVIVAL THREATS... THE BAD NEWS IS ALMOST UNIVERSAL... JOB
CUTS ARE THE COMMON THEME ALL ACROSS RETAIL. $$$
While Amazon had an important miss on earnings, they
likely will not cut workers. They might have some help from the hidden slush funds
like the USMilitary on drone delivery systems. Workers aplenty are busily
putting together the logistics of the experimental systems. The sick minds
among us might wonder if rogue packages might arrive filled with small semtex
goodies or papers soaked with benzene. To be sure, Homeland Security could
be making ready new databases on Amazon delivery sites. The deliveries require
a photo and thumb print. One must wonder if the NSA is an Amazon investor.
In late January, Macys fired 2500 workers and announced
it will shut down five stores. On constant death watch for bankruptcy,
JCPenney reported a deceptive holiday sales summar over the holiday period.
They came forward with a more truthful report a couple weeks later. The embattled
firm will terminate some 2000 jobs and the close 33 stores. Check the JCPenney
executive stock sales after the holiday report but before the job cut admission.
The retail chain intends to focus resources on the highest potential growth
opportunities. Try not to chuckle. While annual cost savings of nearly $65
million were cited, the reality of $26 million in 4Q2013 charges and $17 million
in future periods seems the meaty part of the spin.
Sears hit the skids too. Comparable store sales are down
7.4%, while year-to-date sales are down 3.9% in a modified crash.
For the full year ending February 2014, the expected loss will be at least
$1.3 billion. Parent firm Sears Holdings will close 120 Sears and KMart stores
in an effort to put the company back on track, or to manage the death spiral,
depending upon the perspective. Recall billionaire investor Edward Lampert
entered the board room, and decided to merge struggling retailers Sears and
KMart back in 2004. A failure was built into his plan, which focused on selling
properties to generate cash for the retailer, thus boost the stock price temporarily.
Next came the death spiral. The strategy to go with membership is also a disaster.
Some sinister motives have come to the surface on speculation as to why Michael
Dell was eager to take the company he founded into a private firm. Perhaps
he saw the end of the glory days and the beginning of the intense Asian competition
to wreck his house and business model. The latest news is that Dell recently
executed a leveraged buyout (LBO) has initiated the highly anticipated huge
layoff program. The job cuts will exceed 15,000 workers worldwide. The
new private managers will focus on maximizing cash flows in an environment
of falling PC sales. They must react to a server market with a new commodity
look with intense Asian competition. They will focus on enterprises with their
ever-increasing mobile and cloud-focused IT requirements. What has come is
the greatest axe ever to hit Dell. The winner is Michael Dell and the biggest
investors, who have already sold out. The losers are the new private firm
acquirers, who take over control of a mess. The severance package is actually
generous, at two months pay plus an extra week of pay for each year of service,
a bonus of 75%, obligated COBRA health insurance for 18 months in the United
States, and outplacement services (in the US at least).
See the assorted stories, like the Zero Hedge article on Amazon (CLICK HERE)
and the Biz Journal article on Macys (CLICK HERE)
and the Zero Hedge article on Macys and JCPenney (CLICK HERE)
and the Business Insider article on Sears (CLICK HERE) and the
Channel Register article on Dell (CLICK HERE).
Contrast the dreadful retail picture, where the consumption sector is primary
to the imbalanced USEconomy, with the hefty rise in the US Stock market. The
stock valuations are 80% correlated with USFed pump prime continuation ad
nauseum, and 20% correlated with internal share buyback, both phony baloney.
George from Chicago, a fine source of insight for commodity
markets, pitched in to say that if the USEconomy really did improve, and the
global competitiveness did improve, the official jobs data would crater. The
irony would be that a huge number of part-time jobs would be converted to
full-time status. So all those people double counted in the labor market for
having two part-time jobs would vanish. No end to the dreadful news and associated
deception in USEconomic data.
◄$$$ JCPENNEY APPEARS DESTINED FOR THE JUNKPILE... THE BIG RETAIL FIRMS
WILL SEE MASSIVE SHOCK THIS YEAR, AND SOME PAINFUL BONDHOLDER LOSSES... THE
STRATEGIC ERRORS BY MANAGEMENT AT JCPENNEY AND SEARS IS WORTHY OF NOTE...
SEARS IS IN LINE FOR A BANKRUPTCY ALSO. $$$
In plain words, JCPenney suffers from stupid management. The retail chain announced
a big sale, spent money on promotions and advertisements. When a colleague
went to a store in a back lot location, he found their big sale prices were
30% higher than Wal-Mart. From the junk pile, Amazon will prevail again. Move
onto Sears, another site of stupid management. It is run (mismanaged) by a
hedge fund fool and Napoleon type. The smart guy at Sears stripped out the
patents owned by the firm and put them in a subsidiary or a separate entity.
Retail patents is a novel concept, seemingly a fiction. The plan was to securitize
them and sell them off separately. The plan was hatched way back in 2010 or
so. Nothing happened, as in fizzle. The bond holders are going to witness
a shock in bankruptcy, when the recovery value is way below expectations.
Then onto the JCPenney. The dumb lumbering retail giant was in decline. But
the decline was accelerated when the JCP board brought in Apple's top retail
guy, paid him a fortune, including hefty bonuses. The clown changed the JCP
pricing strategy from a tradional sales promotions and coupon approach to
everyday low pricing similar to Wal-Mart. A key exception, but with higher
prices. This dramatic strategy switch was not tested, instead simply rolled
out to the overwhelming rejection by the JCP customers. The year 2014 should
see a bankruptcy for both Sears and JCPenney companies.
◄$$$ WAL-MART HAS OPENLY ADMITTED THAT RECENT USGOVT FOOD STAMP CUTS HAVE
HURT THEIR PROFITS... THE GIANT RETAIL FIRM IS QUIETLY DEPENDENT UPON THE
TAXPAYERS AND FEDERAL DOLE... IT IS A HIDDEN WELFARE RETAIL WAREHOUSE. $$$
On the last day of January, Wal-Mart made a surprise
admission that cuts in a USGovt Food Stamp program as well as record cold
temperatures hurt its fourth quarter profits. Sales growth for its WMT and Sams
Club locations would be slightly negative for the November to January quarter.
Some of the blame was placed by CFO Charles Holley on deeper than expected
cuts to the US Supplemental Nutrition Assistance Program (SNAP), but also
by the extreme cold weather occurring in the past month. On November 1st,
the federal government cut $5 billion from the SNAP program due to a planned
stimulus withdrawal, which translated to an average reduction by $36 per month
for each of the almost 50 million Americans. The SNAP Program curiously
includes an army of Wal-Mart customers and many of Wal-Mart's own employees.
In essence, the USGovt taxpayers are subsidizing Wal-Mart through an endless
cycle of purchases made through welfare benefits and public assistance. They
are given to supplement the sprawling firm's notoriously low wages. A study
released last year concluded that nearly $1 million in public assistance each
year went to 300 employees at just one Wal-Mart Supercenter in Wisconsin.
The quality of the jobs in the United
States has gone down the toilet, with the supposed success
story of Wal-Mart hardly such a gem. Founder Sam Walton's motto of Made in
went out the window 15 to 20 years ago. The clients who frequent the thousands
of super stores provide a real freak show. The majority of the Wal-Mart hourly
workers make under $25,000 in annual income. See the Info Wars article (CLICK HERE).
◄$$$ US-BASED CAR SALES FELL DOWN HARD FOLLOWING A SUPPOSEDLY STRONG NOVEMBER...
THE FINGER OF SUSPICION IS CLEARLY CONNECTED TO THE HARSH PARENT CARMAKER
FIRM PRACTICE OF CHANNEL STUFFING... THE NATIONAL TREND IN WORKER CAR OWNERSHIP
IS DOWN NOTABLY. $$$
Domestic vehicle sales are at the lowest level in 14 months. The actual data
pointed out a dismal drop from the November data filled with false exuberance.
It was the biggest miss since October 2008, a dismal story indeed. Nearly
ever carmaker reported lower than expected sales, apart from Maserati, whose
December sales rose by a 210% shocker. The One Percent crowd is thriving.
The data for truck sales showed a 16.% rise for Chrysler interestingly, but
a decline of 10.3% for GM and 0,5% for Ford and 4.2% for Toyota.
The smaller player Nissan rose 7.3% in truck sales. Since the non-recovery
USEconomic recovery began (or did not begin at all) in 2010, the channel
stuffing, the seven year car loans (dubbed car subprime loans), and the 0%
down payment deals have lifted the sales data. But notice the trend is
ugly and down. See the Zero Hedge article (CLICK HERE).
The trend is down in car ownership, seen in the per-capita worker car sales.
The workers must be taking the bus or railroad more, or holding onto older
cars a longer number of years.
The WSJ reported that the Detroit Big Three are sweetening discounts to clear
a massive inventory of unsold vehicles from dealer lots. The dealers employ
self-deception, with thoughts of selling their way out of the mess. But doing
so only harms near-term future sales, as usual. Nothing learned there. The
analysts at Morgan Stanley warned, "The best of the US auto replacement cycle
is over." The General Motor dealer lots are again full of cars to
sell, just like the end of 2012. The practice is called channel stuffing.
The parent GM corporation requires the dealers to accept a slew of inventory,
even though sales demand is poor. The dealers cannot refuse. A total of 51,705
cars in the form of channel stuffed vehicles were parked on dealer lots. It
looks like even subprime leasing and lending has topped out. See the Zero
Hedge article (CLICK HERE)
and the Wall Street Journal article (CLICK HERE).
◄$$$ FOOD PRICES IN THE USECONOMY ARE ON A FAST RISE AND UPWARD TEAR...
A FRIEND PERFORMS AN ANNUAL BASKET TEST... FOOD PRICES ARE RISING ON THE ORDER
OF 50% PER YEAR. $$$
A friend from the United States has maintained
close contact with the Jackass for a few years. He finally shared a very interesting
stable basket test that he conducts. He is curious on the price inflation
within the USEconomy. He performs the test every Christmas holiday, his fixed
date that avoids all seasonal factors. It is a simple test that involves a
list of about 25 to 30 items that he purchases at the same large supermarket
in Tucson Arizona
every holiday season. The results are alarming. As preface he mentioned that
a gallon of gasoline in the last year has gone from $3.10 to $3.80 in cost,
for a rise of 22.5% in the single year. But the food price inflation is on
the order of 50% per year. Notice the results are far greater than the 1.5%
to 2.5% reported by the scheisters at the USGovt statlab offices. His food
basket at Christmas 2011 cost $90, at Christmas 2012 cost $130, and at Christmas
2013 cost $190. Note the steady 50% rise each year. Not rocket science. The
story is quite similar elsewhere in the US
◄$$$ THE COLLEGE FOOTBALL CHAMPIONSHIP GAME, MANY
MAJOR COLLEGE BOWL GAMES,
AND EVEN THE SUPER BOWL SUFFERED FROM LOW DEMAND... THE USECONOMY IS FALTERING
BADLY, AS MARGINAL ELEMENTS IN THE ENTERTAINMENT FIELD DECLINE. $$$
The television camera crew had a hard time in not showing the empty seats. In
bowl game after bowl game, the empty seats were very evident. Low ticket demand
for the NCAA College Championship Game between Auburn
and Florida State led to a struggle to sell out. The USEconomy is hurting, and
spending on entertainment is the marginal decision. The Super Bowl held in
New Jersey was a different story,
with lower temperatures. However, the college football bowl games were almost
all held in warm climes or even indoors. See the Yahoo Sports article (CLICK HERE).
◄$$$ SUMMARY OF IMPORTANT STORIES ACROSS EUROPE, ENGLAND,
THE GLOBAL ECONOMY IS IN DECLINE... NOTHING TO STOP IT EXCEPT DISCARDING THE
USDOLLAR AS TRADE CURRENCY AND RESERVE CURRENCY... LONDON BANKER JOB CUTS WILL BE BRUTAL... FRANCE MAKES A TRUE STAND ON REFORM, TO REDUCE
THE SOCIALIST MONSTER STATE. $$$
Japan suffered a record tumble in machine
orders in December. The 15.7% decline in orders for the #3 global economy
is serious, since a leading indicator of capital expenditure. See the Reuters
article (CLICK HERE).
London retail turned notably negative
for the Christmas season. The Debenhams chief said High Street was a sea of
red. See the UK Telegraph article (CLICK HERE).
The French Economy is in sharp decline, worse than Spain
Their manufacturing PMI index was revised down to 47.0 from 47.1, the lowest
level since May. The second largest country in the EMU currency bloc saw its
reading fall below Greece.
It also under-performed Italy
The spread between French and German bond yields has widened in recent weeks.
See the FX Street article (CLICK HERE).
The jobless youth in Spain
are now in the majority, the jobless rate among the young (25 yrs & under)
at 57.7%, a record. The labor situation in the country is worse than in Greece, their economy in tatters,
despite a soaring IBEX stock market. The Greek youth have a 54.8% jobless
rate. See the Zero Hedge article (CLICK HERE).
The housing market in Spain
is in turmoil, and so are related laws. Owners of empty homes in Barcelona are to be fined EUR 100,000 at maximum
from three penalties. It is a crazy crackdown on unused homes. With this measure,
Barcelona joins other municipalities
that have already approved the proposal. Socialists are consistently stupid.
See the Libre Mercado article (CLICK HERE)
translated into English with semi-accuracy.
The High Street haircut on the London banker job front will be painful. The British
banks will axe thousands of workers to reduce costs. Three of the UK's
biggest lenders (Barclays, Lloyds and the Royal Bank of Scotland) plan to make massive staff cuts and
to close a large number of branches. Some multi-$billion regulatory costs
eat their profits. The venerable Barclays will cut a quarter of its 1600 branches
in the UK and release hundreds from the investment banking division staff,
hoping to reduce spending by $2.8 billion by next year. Lloyds Banking Group
will cut 1080 jobs, in a continuation of the restructuring plan announced
in 2011. The Royal Bank of Scotland will cut an astonishing 12,000 workers.
The RBS criminal crew, under majority UKGovt aegis, has awarded itself some
generous bonuses for jobs well done. They justify the outsizes bonuses as
requisite for retaining their wondrous talent. See the Russia Today article
and the Zero Hedge article (CLICK HERE).
Francois Hollande vows to conduct a supply side assault on the bloated French
state in order to achieve a valid recovery. His clownish regime will double
down on the European Monetary Union austerity agenda. Expect bigger deficits
from the poison pill application, predictably. Poor Francois is late to the
awareness game. He promises to shrink the elephantine state sector and to
push through numerous pro-business reforms. Let's see if he is permitted to
make such urgent and useful reforms. He wishes to reduce spending in order
to reduce taxes by 2017. The French Economy and banking sector will have collapsed
by then. The nation has the largest social welfare network and the lowest
retirement age. The president was won praise for a shift in reform strategy,
after 18 months of truly inept boneheaded socialist popular rubbish in policy.
The national employers federation MEDEF has pledged to create one million
new jobs by year 2020 in exchange for broad reform in labor laws and cuts
in labor costs. The results are to be achieved in tax cuts and lower social
security contributions. The risk is a triple-dip recession from austerity
without effective reform. See the UK Telegraph article (CLICK HERE).
Thanks to the following for charts StockCharts, Financial Times, UK Independent,
Wall Street Journal, Zero Hedge, Business Insider, Calculated Risk, Shadow
Govt Statistics, Market Watch, and more.