"What if, to put it simply, you could not get out of a debt crisis by creating more debt?"
-- Bill Gross (co-head of PIMCO)
"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved." -- Ludwig von Mises (1949)
"The enemy has only images and illusions behind which he hides his true motives. Destroy the image and you will break the enemy." -- Enter the Dragon (1973 movie)
SYSTEMIC SHOCK AMIDST BREAKDOWNS
◄$$$ THE USDOLLAR BASED SYSTEM IS GOING TO IMPLODE, AS SIGNALS ABOUND OF GREAT UNUSUAL STRESS. GOOD LUCK PREDICTING WHERE THE BREAKDOWN WILL COME, SINCE SO MANY CANDIDATES ARISE. THE COLLAPSE IS GUARANTEED. $$$
An implosion is coming!! The signals are not only coming from numerous arenas but growing in number. Any two or three signals several years ago would have been big news, but not now. Many arenas are facing ruin, discredit, strain, and border on failure. With pseudonym, Gordon Gekko wrote a great article for Zero Hedge. Their entire staff is mysterious, anonymous, and of high quality. They are rumored to be Wall Street insider professionals. The Gekko character was the feature of a movie entitled "Wall Street" with Michael Douglas playing the corrupted broker seeking insider information. The ZH essay of crisis factors parallels one by the Jackass in a Gold-Eagle article entitled "Distress Signals on Crisis Watch" (CLICK HERE). The main message is that crisis has become the norm, as the signals ring loudly from across numerous arenas.
Gekko outlines and describes numerous threats to a subsystem implosion. He starts with a story of Everbank in Florida, which warns all investors in the Non-FDIC Insured Metals fund they the bank maintains the right to close and liquidate any account in order to limit a potential loss either to the investor or the bank. They promise a payout in US$ terms, not gold delivery. They must foresee a great and rapidly rising risk of decouple in the gold market between the paper and physical price. Then take Citibank, which warned customers that the bank reserves the right to require seven days notice before permitting any withdrawal form a checking, savings, or money market account. They must foresee a bank run with heavy capital flight. More likely they anticipate a grand devaluation or collapse of the USDollar itself. Like other banks, Citibank must be motivated by knowledge of their own insolvency, even the insolvency of the entire
US banking system. Then take certain unnamed homebuilders whose banks are forcing developers to forfeit their unsold inventory of homes. The banks can claim the homes are no longer performing assets. Sales pace can be cited as slower than the pro-forma statements submitted as part of the loan covenants. The banks are unwilling often to refinance rolling loans to the builders. One particular man mentioned that the bank cited an April 15th deadline to secure refinance elsewhere, and offered a 1/3 discount on a buyout from the bank of remaining unsold homes. He also passed along the information that many homebuilders have shared information. The common thread is being told by banks to write off inventory, refinance it, or find new partnerships before the end of the second quarter. Something is coming by July, it appears. This time frame coincides with a warning from my property market source, whose billionaire Chinese client warns of a global real estate price shock coming by June, one to take down scores of US banks.
Then the USTreasury Bond auctions are borderline failures recently. The Direct Bidders make up 25% of the auction, but are unnamed, and could be phony to cover up unauthorized monetization, where the USDept Treasury buys its own bonds and stuffs them in the USFed balance sheet. Those in charge of USGovt debt auctions have been using the 'Household' category clearly to conceal their illicit bids. Competitive Bids are happening more frequently at the high end of the yield range, which means a higher bid is demanding in return for the higher risk. The Primary Dealers are obligated to purchase the offered USTreasurys, and they are choking on inventory, not finding many investors. Of the Indirect Bids, only 19% were foreign central banks. Fewer foreign governments are interested in buying
US debt anymore. Self-styled gold guru Jim Sinclair cited two Canadians from a conference crowd, each from
Eastern Europe. A Russian and Polish emigre each said the same thing, that "All the signs that preceded our inflation of more than 100% per year are here now in the West."
Gekko stated his belief firmly that we are witnessing the last gasp for the USDollar, as debt sales attempt to draw the last buck from the public investors. The USTreasurys serve as the backbone to the entire Ponzi scheme that has become the
US$ fiat currency system. He expects most assets to eventually be priced in gold terms, rejecting the
US$ altogether, so that only those who own the true currency gold can take ownership of the assets in transferred titles. He expects the physical gold price to disconnect from the paper price in the form of huge premiums to the price. He urges all investors to exit the Exchange Traded Funds, citing GLD as the most corrupted, whose investors will surely become bagholders. Gekko admits the gold price does advance over time, but only enough to attract more witless braindead holders of gold willing to part with it for fiat cash. These are the weak hands, who will always be numerous. He expects gold shorts to be crushed, but they will not lose money in their own controlled arena. The Powerz will force redemption of long investors, and by regulations dictate a 'Force Majeure' so as to wiggle out with cash payouts at an artificially low gold price. In the last chapter, when the squeeze is on, the paper gold holders will scramble to buy physical gold, but little or none will be available. Their laziness and ignorance will be costly. Europeans no longer support either the COMEX or the LBMA, the gold exchanges in
New York and
London. They are busy setting up a physical only gold market, in due time, like when the crisis explodes. Wall Street and the USDollar are fast becoming isolated. Gekko concludes, "Wall Street and the US Dollar are being increasingly marginalized at the global level.
China has instructed its companies to renege on Wall Street's derivative contracts last year. Russia, the Middle East, and
China are setting up their regional currency blocs.
Germany is calling for an end to the Credit Default Swap casino. And recently Wall Street banks have been excluded from European Government bond market. For obvious reasons, none of this is getting much play in the lapdog
US media." See the Zero Hedge article (CLICK HERE), which is inspirational.
◄$$$ SYSTEMIC COLLAPSE IS ASSURED, BUT TIMING AND IMPACT IS NOT. THE CRISIS CANNOT BE STOPPED. INNER CITIES WILL SUFFER MIGHTILY FROM FOOD SHORTAGES. $$$
Chris Hedges is a Pulitzer Prize winning reporter for the New York Times, and the author of several geopolitical books. He provides powerful arguments that the US-UK financial foundation system has broken and is fatally flawed. He paints a picture of breakdown that is complete whose efforts at rescue will inevitably prove futile. He provides derogatory labels for those in charge and responsible for the collapse. He anticipates the economic wasteland will spawn new Fascist regimes worldwide. He wrote, "Our mediocre and bankrupt elite is desperately trying to save a system that cannot be saved. More importantly, they are trying to save themselves. All attempts to work within this decayed system and this class of power brokers will prove useless. And resistance must respond to the harsh new reality of a global, capitalist order that will cling to power through ever-mounting forms of brutal and overt repression. Once credit dries up for the average citizen, once massive joblessness creates a permanent and enraged underclass and the cheap manufactured goods that are the opiates of our commodity culture vanish, we will probably evolve into a system that more closely resembles classical totalitarianism. Cruder, more violent forms of repression will have to be employed as the softer mechanisms of control favored by inverted totalitarianism break down." Hedges warns of food shortages in the cities, which he calls food deserts of the inner cities. The key to stopping the Powerz is to say NO, and to retain the capacity to object in defiance. The tendency to say NO is a human trait deeply engrained in our species that they hope to eradicate. See the Counter Currents article (CLICK HERE).
◄$$$ CHINESE COMMODITY SHIPMENTS HAVE ACCELERATED. THEY ARE SUFFERING LOSSES ON US$ HEDGES. THEY MUST ANTICIPATE A FURTHER RISE IN THE
US$ EXCHANGE RATE. SOME SPECULATE AN IMMINENT OVERT CHINESE YUAN DEVALUATION AS STIMULUS TO ANGER THE USGOVT. $$$
Data points strongly to a wave of exports coming out of
China. The indexes fail to tell the full story of goods being shipped. Anecdotal evidence abounds that metals from
China are making their way to other countries. Unusually high volume shipments of aluminum, probably from
Shanghai, showed up in
Japan recently. The month of January saw a marked increase in Chinese applications for steel imports into the European Union. Observers in the metals industry have been openly fearful of a sequence of events, of a "bust that would launch a thousand ships."
China built huge stockpiles of copper, zinc, aluminum, coal, silver, and iron ore over the last year. The motive was to accumulate the diverse commodity inventory on speculation of rising prices. The metals and other commodites would return to the world market when fretful investors and discouraged investors sell wholesale. The discharge dishoard would act as a big drag on global metals prices. Recent action in the shipping indexes may be confirming those fears. The Baltic Dry Index used to measure shipping costs has risen from 2600 in mid-February to 3500 in mid-March. Shipping activity is clear, but based upon what is not clear. See the Oil Price article (CLICK HERE). Perhaps
China is experiencing simple export growth, but that fails to explain extraordinary commodity sales abroad. If the sales are planned and calculated, then they must expect a USDollar rise versus their Yuan currency. Or else, they are scrambling to raise cash in a severe pinch of capital. A credit crunch is not apparent from other indications.
U.K. MOVE CLOSER TOWARD DEBT DOWNGRADES. WHAT IS REVEALING AND IMPORTANT IS NOT SO MUCH AN ACTUAL DOWNGRADE EVENT AS THE PRESSURES TOWARD DOWNGRADE. DEBT LEVELS ARE HUGE AND GROWING WORSE. $$$
Moodys Investors Service has gone public stating that the
United States and
United Kingdom are moving closer to losing their pristine sacred debt rating. They have moved substantially closer (in their words) to losing their AAA credit ratings. At issue is the rising cost of servicing their respective debt. Director of sovereign risk at Moodys in
London, Pierre Cailleteau summarized that the governments of the two economies must balance bringing down their debt burdens without damaging growth by removing fiscal stimulus too quickly. Moodys anticipates that the
United States will spend more on debt service as a percentage of revenue this year than any other top-rated country except the
United Kingdom, and both nations will worsen in key measures. The pattern should continue on debt service expenditures from 2011 to 2013. Cailleteau said, "We expect the situation to further deteriorate in terms of the key ratings metrics before they start stabilizing. This story is not going to stop at the end of the year. There is inertia in the deterioration of credit metrics... Those economies have been caught in a crisis while they are highly leveraged. They have to make the required adjustment to stabilize markets without choking off growth." The leverage referred to pertains to the level of private and public debt as a percentage of Gross Domestic Product. So a major debt rating agency has placed scrutiny and focus on debt service cost for the
United States. In doing so, they take focus off themselves for causing another much larger sovereign debt problem to turn to major crisis. Watch for other crucial focal points to be created. The debt rating agencies are attempting to act more responsibly after their outright collusion with Wall Street firms on mortgage bonds.
Details both reveal the extreme nature of the problem and defuse irresponsible calls of hype. The USGovt is set to spend 7% on debt service in 2010 and almost 11% in 2013, provided a weak to moderate economic recovery unfolds and interest rates normalize a little higher. Take the less rosy and more adverse scenario, an exercise conducted also by Moodys. Assume 0.5% lower growth each year, less fiscal adjustment, and a stronger interest rate shock. The USGovt would pay out nearly 15% of revenue in interest payments, above the critical 14% limit that would lead to a downgrade to AA, Moodys publicly stated. Across the
Atlantic, consider the other major default candidate, where the banking system is also insolvent, where stimulus is also failing, where borderline debt default impact would shake the world. The UKGovt is set to spend 7% of debt service in 2010 and 9% in 2013, but that amount would rise to almost 12% under the adverse scenario, according to the Moodys model. The agencies maintain within their models a debt reversibility band. Debt financing costs cannot rise above a certain level that depends on the ability and willingness of nations to reduce their debt burden by raising taxes or reducing spending. Peter Chatwell is bond strategist at Credit Agricole in
London. He sees the political reality, when he claimed none of the current Aaa rated countries are likely to lose their ratings. He said, "This report is a warning shot to governments, setting out the line that they cannot cross with their budgets." My view is a little different. The lines are being drawn to lay blame and responsibility, after the severe criticism given to the debt rating agencies over the mortgage debacle. If lines are crossed, responsibility can later be properly assessed. See the Bloomberg article (CLICK HERE). Fitch has joined the warnings. Theirs is directed at the
United Kingdom, citing fast growing risks of sovereign debt. They correctly raise important questions about the Greek rescue and similar risks to other nations. Those nations conducting the rescues might be burdened by their own risks of like kind. See the UK Telegraph article (CLICK HERE).
◄$$$ EL-ERIAN FROM PIMCO WARNS OF FUTURE SHOCK FROM GOVT DEBT. HE URGES A BROADER VIEW BEYOND THE GREEK DEBT. HE WARNS OF GREATER INFLATION, AND POSSIBLY DEFAULT WITH CONFISCATION. $$$
Mohamed El-Erian warns to beware of public finance shock (sovereign debt, state debt, city debt, municipal debt) on a wider basis. PIMCO runs the world's biggest mutual fund. He points to the general deteriorating condition of public finances around the world and the direct effect on the global economy. He believes the effect is much greater than currently realized. He said, "The importance of the shock to public finances in advanced economies is not yet sufficiently appreciated and understood. [The risk and damage is] at present being viewed primarily, and excessively, through the narrow prism of
US sovereign indebtedness has surged by a previously unthinkable 20 percentage points of Gross Domestic Product in less than two years. Countries will thus be forced to make difficult decisions relating to higher taxation and lower spending. If these do not materialize on a timely basis, the universe of likely outcomes will expand to include inflating out of excessive debt and, in the extreme, default and confiscation." In my view, El-Erian is one notch smarter than Bill Gross, but his past carries the stench of Harvard University, where the entire Enron fraud scheme was designed, hatched, and exploited for gain, with Citigroup funding and JPMorgan management of off-shore entities. Harvard has avoided almost all rotten publicity. Harvard also hired Obama as a professor even though he never attended
University, which gave him a law degree.
El-Erian stressed the required need for governments to raise taxes and slash spending in order to cope with fast rising deficits. He linked the current risk to actions taken by many nations including the
United States to stave off the global financial crisis, as they ran up staggering deficits which result in borrowing unprecedented amounts of money. He directly makes a warning. A failure to carry out fiscal measures in time would raise the possibility of governments seeking to eliminate excessive debt through stronger monetary inflation or actual debt default. He anticipates very slow global economy as
Southern Europe continues to inhibit growth. He predicts a shrinking global role for the USEconomy. He openly states how greater debt burdens of countries including the
United States translate to many nations classified as advanced economies facing weaker prospects than emerging economies. See the Bloomberg article (CLICK HERE).
CHINA PLANS TO NULLIFY ALL GUARANTEES FOR ITS REGIONAL AND LOCAL GOVERNMENTS. AN ANTICIPATED BREAKDOWN SOON COULD BEGIN IN
CHINA. THE CHINESE GOVT IN
BEIJING HAS BEGUN TO BUILD A FIREWALL. $$$
China has begin to set in to motion plans to nullify all guarantees made to local governments by the Beijing central government for loans taken by their financing vehicles. Concern has elevated over credit risks to the regional and city government debt, which has seen a surge in recent years. The Chinese Govt Ministry of Finance will formally ban all future guarantees by local governments and legislatures in rules that may be issued before the start of April, according to Yan Qingmin, head of the banking regulator
Shanghai branch. The actual proceedings took place in discussions of the rules on February 25th with regulators. The meetings included officials from the China Banking Regulatory Commission and the Peoples Bank of
China, so stated Yan. The scope of regional debt is staggering, bigger than the US Muni Bond market. The plethora of local governments in
China have been raising funds through specially designed investment vehicles so as to work around regulations that prevent them from borrowing directly. The stability and integrity of this quasi Sino Muni bond market is uncertain, and very likely not very stable or sound. A crackdown on local government debt production could trigger a gigantic wave of bad loans. Projects would be stranded without funding. Northwestern University Professor Victor Shih estimated the value of this bond market at 24 trillion Yuan (=US$3.5 trillion), which can be compared to the US Muni Bond market with $2.8 trillion size. See the Bloomberg article (CLICK HERE). Speculation is ripe.
China might be preparing for a powerful credit market shock wave to strike.
China might be attempting to protect itself from a run on its $2.4 trillion in reserves.
China might be making preliminary groundwork for a currency devaluation, as new stimulus in direct contradiction with the popular notion of a higher imposed Yuan valuation.
China might suspect that the Greek Govt debt problem will be contagious globally.
◄$$$ STIGLITZ ACCUSES THE
US FEDERAL RESERVE OF MAINTAINING A CORRUPT STRUCTURE. THE HARSH LIGHT IS CHANGING IMPRESSIONS OF THE U.S. CENTRAL BANK. IT IS A SYNDICATE HEADQUARTERS WITH A CONTRACT STRANGLEHOLD OVER THE USGOVT AND USECONOMY. $$$
Imagine owners and managers from Major League Baseball teams serving as commissioner. Well, actually Bud Selig did play a dual role as team owner of the Milwaukee Brewers and commissioner. Imagine owners and managers from the British or German soccer football league serving as commissioners. Conflict of interest and lack of unbiasedness would be obvious. The US Federal Reserve framework is corrupt. Stiglitz calls the USFed a corrupt structure that permits built-in conflict of interest. The USFed regional banks are managed by board members who are officers from the very private institutions they are designed to govern, accuses Nobel economist Joseph Stiglitz. He once worked as chief economist at the World Bank. He openly stated that if a country had come to him looking for aid while running a central bank in such a manner, loud alarms would have sounded. He said, "If we had seen a governance structure that corresponds to our Federal Reserve system, we would have been yelling and screaming and saying that country does not deserve any assistance. This is a corrupt governing structure. It is time for us to reflect on our own structure today, and to say there are parts that can be improved." Take a closer look. The New York Fed right now has on its board of directors Jamie Dimon, the CEO of JPMorgan Chase. See the Daily Bell article (CLICK HERE). Improper financial activity or outright fraudulent activity simply does not result in direct NYFed alerts and remedy. Too little scruinty, surely too late.
THREATS OF HYPER-INFLATION
◄$$$ OPPOSING FORCES OF INFLATION VERSUS DEFLATION REVEAL THE UNITED STATES AT A TIPPING POINT. ONE SIDE WILL PREVAIL. RICKARDS BELIEVES IF INFLATION IS TO OCCUR, IT CANNOT BE MILD. MY BELIEF IS POWERFUL INFLATION COMES, ONE LEVEL GREATER THAN BEFORE, SINCE REACTION AGAINST DEFLATION WILL BE CONSTANT AND LADEN WITH FEAR. $$$
The US Federal Reserve has overseen vast money printing for years, and a continuous climax in the past two years. A crescendo comes. Neither big banks nor financial markets are functioning properly, since interventions are the norm and accounting rules are suspended. Remedy and reform are not permitted, thus recovery is an impossibility. The USFed desperately pursues mild inflation, but they cannot possibly achieve it. All their efforts to date have seriously weakened the USDollar. The velocity of money has declined, a factor ignored by the policy makers. These are important points made by Jim Rickards at Market Intelligence at Omnis. When he mentions market bottom, he must refer to stocks and housing together. He declares, "Either the slide resumes and we finally arrive at the market bottom that we never hit in 2009, or they keep printing money to paper it over, eventually destroying the dollar and undermining the entire economy. Those are the choices. What the Fed wants is the one thing they are not going to get: Mild inflation. They are desperately trying to get some inflation going because they are scared to death of deflation. All of their Quantitative Easing [debt purchase with newly printed money] and special programs with the Treasury and the fiscal stimulus are designed to weaken the dollar. They are basically trying to scare the markets into spending money. But right now, all Americans want to do, naturally, is save money, de-lever, pay down debt. All very sensible things to do on an individual basis. But when you do that, in a world where consumption is 70% of GDP, your GDP is going to collapse. That is reflected in the velocity of money. The whole notion that you can dial up nominal GDP by increasing the money supply rests on another false assumption, which is that velocity is fairly constant. Velocity has dropped through the floor." Rickards is a superstar analyst, featured in past Hat Trick Letter reports, like with his arguments for a 50% USDollar devaluation. Beware the tipping point.
Imagine a car with a very inefficient engine that cannot process gasoline well, an engine that leaks fluids, an engine with a gearbox that slips, an engine whose differential is stripped, and wheels with missing ball bearings. That is the USEconomy. Its new money production line is disconnected to the tangible economy. The bankers actually are thrilled by this development, since they can tap federal liquidity facilities and ignore their loan customers. The banking authorities are resisting the solution, for the clear reason that many from their sector would be destroyed and their power eradicated. They are seriously insolvent, vulnerable to liquidations. A tipping point comes, when all the USGovt deficits, all the USTreasury Bond issuance, all the US bank failures lead to a change in international sentiment toward the USDollar. A psychological turning point approaches. Creditors will someday exit, since the
US markets are not permitted to clear, to liquidate, to enjoy the fresh breeze inherent to capitalism. Financial markets throughout the entire USEconomy are essentially frozen. A huge waiting game has emerged between the expectant beneficiaries of USFed efforts to stimulate inflation and economic participants. In the process, the USEconomy deteriorates further, as credit is denied sound businesses. Lastly, if the USFed balance sheet is ever to enjoy repair with significant lift in asset values, asset inflation with housing must be the initial basis. The bank leaders must therefore push for more powerful inflation progressively. Watch soon a QE2 be announced, the next round of official Quantitative Easing, the exact opposite of what Bernanke talks about in his tightening and normalcy themes. The USFed is on a toxic diet!!
BATTLE OF INFLATION VERSUS DEFLATION IS FAR MORE COMPLEX THAN PRESENTED TO THE PUBLIC. THE DESTINATIONS OF MOST MONETARY CREATION ARE THE ELITE SANCTUARIES. THE OBSTRUCTIONS TO MOST NEW MONEY PREVENT THE MAIN ECONOMY FROM BENEFIT. THE PLAN IS A SERIES OF SLAVE STATES LED BY THE MONOLITHIC STRUCTURES BEING BUILT BY THE ELITE. $$$
A preface. Catherine Austen Fitts served as auditor for USDept Housing & Urban Development in the 1990 decade. She uncovered $1.5 trillion stolen by the Papa Bush and Clinton Admins from HUD between 1988 and 2000. The thefts took place from the
Houston office from 1988 to 1992 (home district of Bush) and from the
Oklahoma City office from 1992 to 2000 (home district of Clinton). She attempted to bring the thefts and discovered slush fund to the USCongress, but was obstructed. For her efforts, she was removed from office, stripped of her professional license, and survived three murder attempts. The Black Bag funds have proliferated since then, along with projects. They fund the Plunge Protection Team on stock market rescues. So she is credible as a source of syndicate information. Data like that convinces me that Democrats and Republicans differ not at all, since but two chambers from the same narcotics and financial crime syndicates. The HUD thefts by
US Presidents have been cited many times in my analysis, as a point to demonstrate syndicate control of the presidency itself for at least 25 years. The start in my opinion was October 1981, when President Reagan was shot but not killed. He was debilitated, at which time VP Papa Bush took control. Reports amply describe how Reagan was kept in a substandard mental state from steady microwave barrages, possibly resulting in Alzheimers that ended his life a few years ago. Bear in mind that Reagan was coerced into choosing Bush as his Vice Presidential running mate. It would be a shock to the Jackass to learn Bush was not responsible for the hired murder attempt, since it installed the CIA into the White House oval office. Fitts has argued that Fannie Mae (formerly under HUD aegis) is the central clearinghouse for several different $trillion fraud programs, a convenient nexus since the beneficiary of such gargantuan cash flow. Anyway, Catherine sent me and a few other colleagues a note yesterday. She responded to the news story of how the Bank of Japan has decided to shore up the liquidity in
Japan, by doubling the liquidity flow to lenders. BOJ Governor Masaaki Shirakawa announced an increase to the primary loan facility to 20 trillion yen (=US$222 billion). They held the overnight lending rate at 0.1%, extending the near zero rate for close to 20 years. So
Japan is actively attempting to prevent the deflation plague to spread in their struggling economy. See the Bloomberg article (CLICK HERE).
My interpretation is that the Japanese central bank is slowly moving away from direct control by the
United States, and more toward
China. The sun has set on the Japanese from US-directed sunshine. Perhaps
Tokyo is trying to buy more time to aid the US-UK bankers losing control. Perhaps
Tokyo is working closely with
Beijing to perpetuate the inflation strategy they are committed to, since Chinese reserves are very much committed to the USDollar base. Fitts is convinced that the Western world is in the middle of a planned shutdown, a strangle to granted credit that forces economic suffocation. My view is parallel. Credit and federal aid has been dominated by the Elite, led by Wall Street financial firms and the Pentagon, led by the defense contractors and service contractors. The USEconomy has been subjected to extreme duplicity by the US Federal Reserve, which talks a good game about aiding the credit flow, provided the destination is a giant bank, but at the same time orders the big banks not to lend. Instead, the big banks send their reserves to the USFed itself for safe keeping, an action that prevents the USFed from imploding due to $trillion insolvency.
A plan for global totalitariarnism is underway in my view, the outcome and timing uncertain. A plan is clear to those who can put aside their idealism and personal psychological frameworks enough to look at the facts of the last decade. The flies in the ointment are
Russia, the two new superpowers.
China brings its vast industrial base and deep war chest of funds.
Russia brings its vast commodity supply and military technology. Neither is under control by the Western syndicates governed by the
United States and
United Kingdom. The plan is to enrich the Elite and severely weaken the Western Economy, thus installing a series of slave states in a new totalitarian system. Fitts has described their tactic as stealing, defrauding, and pillaging the Western Economies, leading to impoverishment, in order to cause the economic conditions for the big broad Fascist regime to take root across many nations. The rapacious ruin is the method to cause the placement of the Fascist state, not the side effect of the totalitarian movement. This is all very scary stuff. Factor in the news last month that came from a tipoff not from Catherine Fitts, but rather a different source. The very high level murders of US-UK bankers has begun by competing billionaires, in league to combat the Western corruption that has total control of governments, monetary operations, military apparatus, security establishments, and law enforcement. The competing billionaires have enlisted the aid & cooperation of the Triad syndicate for the murders. A secret war has begun for global control. The anti-US-UK wing does not want global Fascism, but rather capitalism, dominated by the East but with key Western cooperation.
Catherine Fitts provided the following summary. She wrote, "If the goal is to combat inflation, then credit would be flowing to the small players here. It is not. Every effort is being made to shut down the economy on
Main Street [arteries of USEconomy]. It is not an accident; it is not a coincidence; it is a plan. So providing liquidity to insiders [Big Banks, the Elite] while trying to choke everyone and everything else indicates a different dynamic from fighting deflation. Note that we are promoting deflation throughout the economy and have been for a long time. It is called demand destruction and it offsets the monetary inflation being pumped into insiders." She paints a picture of enrichment to the Elite as the landscape is sufficiently destroyed in order to enable installation of global Fascism in a powerful monolith of totalitarianism. See the Patriot Act which shredded the US Constitution. The War on Terrorism in the
United States is the pretense smokescreen for bringing down the USEconomy and building up the Elite through the financial syndicate and military sector. The important turns enable a shift of power. The Elite want total power. They have lusted for internet control, the free gateway for information flow.
◄$$$ CONCERNS OF A TRADE WAR GROW OVER SIZEABLE CHINESE SALES OF USTREASURY BONDS. THIS IS AN ESCALATION OF TRADE WAR. THE
TAIWAN WEAPONS SALES ADD TO EXISTING TENSION OVER YUAN CURRENCY AND CHINESE EXPORT POLICIES. THEIR SURPLUS REMAINS STRONG, BUT A GLOBAL RECESSION REDUX COULD SEND SURPLUS TO DEFICIT AS DOMESTIC DEMAND GROWS WITH GUSTO. $$$
Evidence mounts of trade war retaliation over significant Chinese sales of USTreasury Bonds over recent months. At issue is the record $34 billion net sale of USTreasurys in December by
China, possibly the beginning of an important new trend. Conclusions of an intended warning shot across the
Washington bow has become clear over ratcheting political disputes. This is not a routine portfolio shift, a belief held by the naive. The news story has been splashed on several publications, such as the state China Information News, by the National Bureau of Statistics, and by China Daily (the Politburo Voice). The wider dissemination indicates a political theme rather than simple financial diversification. A mainstream opinion came from Neil Mellor, a currency expert at the Bank of New York Mellon, who mentioned the challenge to read the complex signals from
China. He said, "There are ongoing spats between the
China on so many fronts. So you have to assume that this is some sort of implicit threat. We still think
China will have to continue buying USTreasurys by the bucket load. Where else can they invest in a liquid market. The Euro has become a tarnished currency." Such beliefs are as popular and self-serving as they are misguided and obtuse. They ignore the reality of the Global Paradigm Shift that has been in progress for over a year, often discusses in my analysis. China is far more willing to accept some losses in return for more Eastern power and less Western power, much like a two soldiers bleeding in a pit together, one with more blood available to shed. Notice the lack of new Chinese purchases, the rising
US deficit borrowing, and the turndown in Chinese ownership of USTBond holdings. This is significant.
China has many options, such as investment domestically, or a direct decision to produce a smaller export surplus, or a hastened plan to buy the world's assets. The USGovt officials and
US finance sector incorrectly consider
China a locked in bond buyer, no matter what. What a reckless viewpoint, detached from consequences of abused power. Since the
Taiwan weapon sales and the quick response to impose sanctions toward US firms involved,
China has indeed turned up the heat and ratcheted up the tension. Expect only Airbus jet aircraft sales, and no more Boeings. Any challenge to
US foreign policy contains risk, since so much of the Chinese export market is within the
United States. Clearly,
Beijing cannot stop accumulating USDollars without permitting the Yuan to rise, eroding the profit margins of its export industry. Some reserves will continue into commodity investments, but
China already owns large stockpiles. Besides, evidence comes that they might be liquidating a portion of those stockpiles. Liquid commodity markets are not of sufficient size to absorb the scale of Chinese surpluses. See the UK Telegraph article (CLICK HERE). This will be extremely interesting to watch unfold. Maybe
China will buy up discounted Euro Bonds from troubled nations in
Southern Europe, integrated and protected by currency agreements with hedge contracts. Eventually a trimmed down Euro base of nations will be apparent, and the currency will be on the rise. The next phase of a USDollar decline is assured. The Chinese are definitely buying a long list of Persian Gulf properties, in particular in the
United Arab Emirates, as in
Dubai. They have never stopped active shopping in
Africa. However, be clear that only assorted types of government debt are big enough to park such multi-billion$ monthly savings.
◄$$$ HYPER-INFLATION REMAINS A THREAT, AS PARALLELS ARE STRONG WITH 1922 IN
GERMANY. THE NEXT ROUND OF QUANTITATIVE EASING IN THE UNITED STATES IS A CERTAINTY, MATCHED BY
ENGLAND. SOME KEY DIFFERENCES STAND OUT VIVIDLY. $$$
USFed Chairman Ben Bernanke has been set in contrast to Rudolf von Havenstein, the central banker responsible for
Germany's hyper-inflationary period in the 1920 decade. Comparisons and similarities between present
United States and the
Republic are alarming and extensive. The parallels relate to a) heavy debt monetization, b) heavy war spending, c) personal achievement awards, d) polarized political factions, e) emergency spending measures, f) mass unemployment, g) blamed placed on non-govt, non-banker factors, and h) inability to notice rising economic costs due to a currency in decline. Bernanke incorrectly analyzes the Great Depression chapter of history, the basis for his selection to office. He ignores the effects of fractional banking, excessive credit creation, leverage in stock market, foreign influence on US banks, and chooses his interpretation centered upon the lack of liquidity in the 1930 decade. Mother Nature is well along in doling out vengeance, as she is the great enforcer. The inflation path unfortunately is impossible to step off. Corrupted madmen, agents for the syndicate, enamored of their engineering, delusional with hubris, these are the men in the control tower of the national money and banks. This will end badly. Other parallels exist between the US today and Weimar Germany, that include the hostile toxic political atmosphere, steeped with class warfare, xenophobia, and revolutionary spirit, ours better masked, theirs overtly high pitched. Details flow easily to make the point.
The phony contrived staged War on Terrorism (used to cover vast defense contracts, to skim from the Iraq Reconstruction Fund, and to justify capture of the Afghan narcotics trade) is precisely the ripening, politically correct, legally sanctioned anti-Moslem racism. Also, class warfare is seething under the
US cultural fabric, as hatred and distrust of
New York bankers is at an historical peak, ready to overflow. Also the
US President cannot be seen in a press conference for a speech without at least 15
US flags, the symbol of patriotism turned xenophobia by intensity. As for revolutionary spirit, see the Tea Parties and Tenth Amendment movements across several states, attested by low approval ratings for the USCongress and the President.
The monetary press secretly covers grand grotesque leveraged losses from Fannie Mae, AIG, and the sacrosanct Wall Street giants. This destination of new money creates a stark contrast from
Germany 70-80 years ago, one of important differences. The fires will soon be treated with accelerant, as both the USGovt and the UKGovt succumb to pressures and announce the second phase of Quantiative Easing (QE), the powerful monetary inflation they so vigorously deny as necessary. The slowdown in the economies, the continued credit portfolio losses from property declines, the stubborn unemployment, and the urgent continuation of federal props to a long list of financial functions will urge the trumpets for QE2. This is not a ship named the Queen Elizabeth, but a machine that creates phony money of US$ denomination, with a toxic side effect to kill capital very effectively. The treatment of Black Holes from an imploded
US leveraged financial structure, the tribute to Wall Street, results in mammoth hidden funds to neutralize their effects. Some call them large fires without end. The directed funds are more aptly described as bailouts for the owners and counter-parties to the mountains of derivative contracts assigned to Fannie Mae, AIG, and Wall Street firms. The mammoth funds prevent derivative explosions, and enable henchmen of the financial syndicate in control of power to avoid bankruptcy, prison, and shame.
Another key difference. Weimar Germany did not deal with credit derivatives, leveraged losses, and their endless bailouts. Their economy was more cash based in simple structures, highly vulnerable to monetary growth. In that respect, the
United States avoids a certain amount of new money from hitting the street and pushing up prices. The plan might be to starve the
Main Street and its tangible economy until the fires from Wall Street end. That would involved a long wait. The new funds essentially neutralize the Black Holes one increment of time per treatment. The USEconomy is more at risk to strong price inflation from the QE2 and the next round of money printing to manage the federal deficits, the new stimulus programs, meaningful home loan modification aid, and urgently needed credit lines WILL be inflationary in the sense that they hit the street. The costs from nationalized business failures, continued Wall Street extortion, the Black Holes of leveraged losses, and the costs of endless war will all tend not to touch the street. For price inflation to be triggered and burn hot, the street must be the destination where the people feel the incremental volume of money.
LIES, EXTORTION & STATE POWER
◄$$$ MEDIA NETWORKS ROUTINELY FORCED INTO SURVEILLANCE DEALS, AS THE UNITED STATES MOVES DEEPER INTO A POLICE STATE. THE DEPTH OF SURVEILLANCE IS DEEP AND BROAD, ENLISTING THE COOPERATION FROM MAJOR CORPORATIONS. QWEST IS BUT ONE EXAMPLE. $$$
The US National Security Agency threatened the Qwest CEO with repercussions if he failed to comply with a surveillance contract. The Wayne Madsen Report has learned from sources who worked in senior positions for Qwest that its former chairman and CEO Joseph Nacchio was threatened with retaliation after he refused to participate in an unconstitutional and illegal National Security Agency (NSA) wiretapping program. The meeting took place with NSA officials on 27 February 2001, some six months before the 911 attacks. Nacchio refused to turn over customer records without a court order, an item the NSA did not have in its possession.
After Nacchio refused the NSA request due to its illegal nature, sources close to Nacchio reported the backlash with the USDept of Justice and the Securities & Exchange Commission began. First, Qwest lost out on several lucrative USGovt contracts. Second, Nacchio was indicted and convicted in 2007 of 19 counts of insider stock trading. Nacchio was sentenced to six years in the Schuykill federal prison camp in Minersville
Pennsylvania, where he is now assigned prisoner number 33973-013.
In January 2010, US District Judge Marcia Krieger of the 10th Circuit Court in
Denver denied Nacchio's motion for a new trial. Qwest is headquartered in
Denver. Krieger was nominated for the federal bench by President George W Bush on 10 September 2001. That date is significant. Nacchio was not to join in the NSA and FBI illegal surveillance programs. That was the day before the Bush Admin would discard the First and Fourth Amendments to the Constitution after the 911 attacks. They installed a Fascist Dictatorship, sealed later by the Patriot Act.
The illegal NSA surveillance program, once known by its classified code name STELLAR WIND, was revealed by AT&T employee Mark Klein. He identified the NSA so-called Secret Room on the sixth floor at the AT&T central office on Folsom Street in
San Francisco. The special location was located side by side to the 4ESS phone switch. According to AT&T documents, NSA had direct wiretaps on key Internet circuits on the floor above. The NSA operation conducted large scale copying of access records to the Internet, which included email, web browsing, and Voice Over Internet Protocol (VOIP) phone calls like Skype, as well as all the other common Internet services. Informed speculation has concluded that due to an aggressive fiber optic upgrade by AT&T for its old long distance traffic, traditional phone calls that passed through the 4ESS switch were likely transferred to the Internet circuits, making phone calls also very likely subject to NSA eavesdropping. AT&T was a nexus for eavesdropping, totally illegal, but not something any USGovt legal authorities give a cold dry turd about. See the Online Journal article (CLICK HERE).
If you believe this eavesdropping is isolated, think again. In the 1990 decade, Intel enabled all Pentium processor chips to be integrated with backdoor monitors that the CIA routinely uses. This enables CIA the access to monitor all internet based financial transactions. The Motorola x86 chips did not contain such features, almost totally phased out. Also, most Anti-Virus software is equipped with two-way communication that enables USGovt downloads of your entire computer hard drive while scans take place. In general, if an Anti-Virus is free, it corruptly works with routine downloads for USGovt agencies, like AVG and McAfee (via Microsoft Windows). The so-called Wintel team of Microsoft and Intel work in close cooperation with the USGovt agencies and security establishment. The thought of Big Brother and "1984" are both vivid and appropriate.
◄$$$ THE 911 COMMISSION REPORT HAS AN EXTREMELY LONG LIST IN DISSENT. THE SO-CALLED TRUTHERS ARE DENIGRATED. THOSE WHO OBJECT TO THE NONSENSICAL STORY AND OBVIOUS COVER-UP HAVE SOLID CREDENTIALS. THE UNITED STATES COULD SOMEDAY AWAKEN IN A FIRESTORM OF PROTEST OVER ONE OF THE MOST SIGNIFICANT MASS MURDER CRIMINAL EVENTS IN THE NATIONAL HISTORY. THE EVENT WAS A POORLY DISGUISED MILITARY COUP BY THE C.I.A. THE EVENT CHANGED THE UNITED STATES INTO A FASCIST DICTATORSHIP. THE CURRENT PRESIDENT IS A FORMER AGENT FROM THE SECURITY ESTABLISHMENT. $$$
Editor Note: For subscribers who cannot accept a USGovt participation in the deadly destructive events and mass murder at the
New York, and at the Pentagon in WashingtonDC, please skip this report item. Mine is to follow the evidence like a forensic analyst. For subscribers who embrace a personal psychological belief system that enables them comfort in life, who refuse to examine basic facts, physics principles, chemistry principles, common sense principles, personal testimony, and a mosaic of supporting information, please skip this report item. My preference is to build premises based on evidence, to arrive last at a conclusion, not to start with a conclusion and reject contradictory evidence along the way. That is just me! For the two types described, the risk is to become a sheep for the slaughter. Be sure to know the Jackass does not wear stars and stripes in his Jockey shorts.
Count me in as one who cherishes the truth. The entire 911 story is the lie that will not go away. It changed the course of the nation, leading to the dismissal of the
US Constitution, with hardly a peep of objection. Never should anyone be expected to be called unpatriotic for pursuing the truth about 911. But in the Fascist United States, that is the case, plain & ugly. Here is a compendium of the people, their backgrounds, their comments, in objection to the official stupidity story promulgated, disseminated, and defended in what was produced as the official 911 Commission Report. This is a powerful list that adds great credibility to the protest. Their impressive credentials speak for themselves. See the
Washington's Blog article for details and links for more details (CLICK HERE). The truth is out there.
US Senior intelligence officers:
- Former military analyst and famed whistleblower Daniel Ellsberg said that the case of a certain 9/11 whistleblower is "far more explosive than the Pentagon Papers." He also said that the government is ordering the media to cover up allegations about 9/11. And he said that some of the claims concerning government involvement in 9/11 are credible, that "very serious questions have been raised about what they [USGovt officials] knew beforehand and how much involvement there might have been." That engineering 9/11 would not be humanly or psychologically beyond the scope of the current administration. He believes that there is enough evidence to justify a new hard-hitting (in his words) investigation into 9/11 with subpoenas and testimony taken under oath.
- A 27-year CIA veteran, who chaired National Intelligence Estimates and personally delivered intelligence briefings to Presidents Ronald Reagan and George HW Bush, their Vice Presidents, Secretaries of State, the Joint Chiefs of Staff, and many other senior government officials, Raymond McGovern said "I think at simplest terms, there is a cover-up. The 9/11 Report is a joke." He is on record as open to the possibility that 9/11 was an inside job.
- A 29-year CIA veteran, former National Intelligence Officer (NIO) and former Director of the CIA's Office of Regional & Political Analysis, William Bill Christison said "I now think there is persuasive evidence that the events of September did not unfold as the Bush Administration and the 9/11 Commission would have us believe. All three [buildings destroyed at the
Center] were most probably destroyed by controlled demolition charges placed in the buildings before 9/11."
- A number of intelligence officials, including a CIA Operations Officer who co-chaired a CIA multi-agency task force coordinating intelligence efforts among many intelligence and law enforcement agencies, Lynne Larkin sent a joint letter to Congress expressing their concerns about "serious shortcomings, omissions, and major flaws" in the 9/11 Commission Report. In it they offered their services for a new investigation. They were ignored.
- A 20-year Marine Corps infantry and intelligence officer, the second ranking civilian in US Marine Corps Intelligence, and former CIA clandestine services case officer, David Steele stated that "9/11 was at a minimum allowed to happen as a pretext for war." He claims it was probably an inside job.
- A decorated 20-year CIA veteran, who Pulitzer Prize winning investigative reporter Seymour Hersh called perhaps the best on-the-ground field officer in the Middle East, and whose astounding career formed the script for the Academy Award winning motion picture Syriana, Robert Baer said that the evidence points at 9/11 having had aspects of being an inside job.
- The Division Chief of the CIA Office of Soviet Affairs, who served as Senior Analyst from 1966 to 1990, who also served as Professor of International Security at the National War College from 1986 to 2004, Melvin Goodman said "The final 9/11 Commission report is ultimately a cover-up."
- Professor of History & International Relations,
Maryland. Former Executive Assistant to the Director of the National Security Agency, former military attache in
China, with a 21-year career in USArmy Intelligence, Major John M Newman (PhD) questions the USGovt's version of the events of 9/11.
- According to the Co-Chair of the Congressional Inquiry into 9/11 and former Head of the Senate Intelligence Committee, Bob Graham, an FBI informant had hosted and rented a room to two hijackers in 2000 and that, when the Inquiry sought to interview the informant, the FBI refused outright, and then hid him in an unknown location. A high level FBI official stated these blocking maneuvers were undertaken under orders from the White House.
- Current Democratic US Senator Patrick Leahy said "The two questions that the Congress will not ask: Why did 9/11 happen on George Bush's watch when he had clear warnings that it was going to happen? Why did they allow it to happen?"
- Current Republican Congressman Ron Paul calls for a new 9/11 investigation and states that "We see the 9/11 investigations that have been done so far as more or less cover-up and no real explanation of what went on"
- Current Democratic Congressman Dennis Kucinich hints that we are not being told the truth about 9/11.
- Current Republican Congressman Jason Chafetz says that we need to be vigilant and continue to investigate 9/11.
- Former Democratic Senator Mike Gravel states that he supports a new 9/11 investigation and that we do not know the truth about 9/11.
- Former Republican Senator Lincoln Chaffee endorses a new 9/11 investigation.
- Former US Democratic Congressman Dan Hamburg says that the USGovt assisted in the 9/11 attacks, stating that "I think there was a lot of help from the inside."
- Former US Republican Congressman and senior member of the House Armed Services Committee, who served six years as the Chairman of the Military Research & Development Subcommittee, Curt Weldon has shown that the USGovt tracked hijackers before 9/11, is open to hearing information about explosives in the Twin Towers, and is open to the possibility that 9/11 was an inside job.
- The Commission's co-chairs said that the 9/11 Commissioners knew that military officials misrepresented the facts to the Commission, and the Commission considered recommending criminal charges for such false statements.
- 9/11 Commission co-chair Lee Hamilton says "I do not believe for a minute we got everything right." He believes that the Commission was set up to fail, that people should keep asking questions about 9/11, and that the 9/11 debate should continue.
- 9/11 Commissioner Timothy Roemer said "We were extremely frustrated with the false statements we were getting."
- 9/11 Commissioner Max Cleland resigned from the Commission. He later stated, "It is a national scandal... This investigation is now compromised... One of these days we will have to get the full story because the 9/11 issue is so important to
America. But this White House wants to cover it up."
- 9/11 Commissioner Bob Kerrey said that "There are ample reasons to suspect that there may be some alternative to what we outlined in our version... We did not have access."
- And the Senior Counsel to the 9/11 Commission, who led the 9/11 staff's inquiry, John Farmer recently said "At some level of the government, at some point in time,... there was an agreement not to tell the truth about what happened... I was shocked at how different the truth was from the way it was described .... The tapes told a radically different story from what had been told to us and the public for two years.... This is not spin. This is not true."
Other USGovt officials:
- US General, Commanding General of US European Command, and Supreme Allied Commander Europe, decorated with the Bronze Star, Silver Star, and Purple Heart, General Wesley Clark said, "We have never finished the investigation of 9/11 and whether the Administration actually misused the intelligence information it had. The evidence seems pretty clear to me. I have seen that for a long time."
- Former Deputy Secretary for Intelligence & Warning under in the Nixon, Ford, and Carter Admins, Morton Goulder; former Deputy Director to the White House Task Force on Terrorism, Edward L Peck; and former US Dept of State Foreign Service Officer, J Michael Springmann, jointly call for a new investigation into 9/11. They are joined by literally a Who's Who of Liberals and Independents.
- Former Federal Prosecutor, Office of Special Investigations, US Dept of Justice in the Carter and Reagan Admin, former USArmy Intelligence officer, and currently a widely sought media commentator on terrorism and intelligence services, John Loftus says, "The information provided by European intelligence services prior to 9/11 was so extensive that it is no longer possible for either the CIA or FBI to assert a defense of incompetence."
- The Group Director on matters of national security in the USGovt Accountability Office said that President Bush did not respond to unprecedented warnings of the 9/11 disaster and conducted a massive cover-up instead of accepting responsibility.
- President of the US Air Force Accident Investigation Board, who also served as Pentagon Weapons Requirement Officer, a member of the Pentagon's Quadrennial Defense Review, who was awarded Distinguished Flying Crosses for Heroism, four Air Medals, four Meritorious Service Medals, and nine Aerial Achievement Medals, Lieutenant Colonel Jeff Latas is a member of a group which doubts the USGovt's version of 9/11.
- Deputy Assistant Secretary of Defense under President Ronald Reagan, Colonel Ronald D Ray said that the official story of 9/11 is "the dog that doesn't hunt."
- The former director of the FBI, Louis Freeh says there was a cover up by the 9/11 Commission.
- Director of the
US so-called Star Wars space defense program in different administrations, who was a senior Air Force colonel who flew 101 combat missions, Colonel Robert Bowman stated, "If our government had merely [done] nothing, and I say that as an old interceptor pilot... I know the drill. I know what it takes. I know how long it takes. I know what the procedures are. I know what they were. And I know what they have changed them to... If our government had merely done nothing, and allowed normal procedures to happen on that morning of 9/11, the
Towers would still be standing and thousands of dead Americans would still be alive. That is treason!"
- Numerous other politicians, judges, legal scholars, and attorneys also question at least some aspects of the government's version of 9/11.
911 WORLD TRADE CENTER DEMOLITION EVIDENCE
Personally, the Jackass is sick & tired, disgusted to the bone at how 90% of the nation still accepts the official stupid asinine story and a pathetically thin lousy cover-up story. Also, the hatemail received on the topic from utter morons and dimwitted political nitwits running around in the
US society is annoying and without end. My response has been a copy & paste paragraph used at least 80-100 times. It points out four major flaws from the 911 Commission Report, ones that a high school dropout can comprehend without benefit of much intelligence. 1) Gravity dictates that 10 to 11 seconds be required for a free-fall of uppermost floors at 110 stories, precisely what was seen, not a pancake effect of gradual collapse. 2) Jet fuel burns at 2000 degrees Fahrenheit too low to melt structural steel. 3) No debris from any commercial aircraft was scattered on the Pentagon lawn. 4) No impacts left and right of the primary Pentagon hole are evident from the 5000-lb engines known to power commerical aircraft. The tendency too often is for acceptance of the official story to come after first embracing a conclusion, dismissing all evidence to the contrary, and refusing to believe the USGovt could be part of any such mass murder crime. Such is NOT the scientific experimental method. A few important professional engineering organizations have made their voices known. They focus on cordite evidence at the
Center site for a solid month, a chemical that burns to completion in a longlasting chemical reaction. Cordite was used in the numerous explosives during the WTCenter demolition, found in the rubble. The professional groups have been the target of steady intimidation by the USGovt.
911 PENTAGON LACK OF COMMERCIAL AIRCRAFT DEBRIS
For those old enough to be of at least adolescent age during the 1963-1964 era following the Kennedy assassination, the 911 Commission final report was as utterly absurd and lacking in credibility as the Warren Commission to cover up the Kennedy planned killing. Even at the tender age of 12 years, the Jackass laughed at the Warren Commission as the stupidest official display ever seen. Now the 911 Commission report is the second stupidest official display ever seen. Other communications with connected people have informed me that the CIA, the FBI, the Pentagon, and even the USDept Treasury were deeply divided. Each agency is at war within itself, one group the loyalists to the syndicate, the other group those sworn to uphold the US Constitution and the people. The latter position is seen as corny by the Fascist supporters. The connected people report a tremendous amount of internal theft, fraud, and confiscations that are reaching a climax. What is described reminds me of the climax of state property theft at the end of the
Soviet Union regime.
My best conclusion is that the 911 events were a combined Military Coup of the USGovt by the Central Intelligence Agency, the National Security Agency, elements of the Pentagon, the Wall Street financial syndicate, certain US Defense Contractors, and the security agency of a tiny MidEast ally that looks northwest across the Mediterranean Sea toward Italy (whose name is rarely ever mentioned in my work, due to two death threats). This topic will never be let go by me, never, since it changed the nation and opened the door to a Fascist Dicatorship, stamped and sealed by passage of the Patriot Act, which shredded the US Constitution. The
United States of America is no longer a Republic, not in any form whatsoever. Far too much of its entire foreign policy and airport security rules are dictated by narcotics trafficking directives. Offshore legal attacks are intended to identify and isolate narcotics competitors to the US Security Establishment, whose syndicate includes the CIA, the Drug Enforcement Agency, the Coast Guard, and Defense Contractors, each of whom plays a key role in narcotics distribution or confiscation. Wall Street firms manage the narcotics money laundering operations. These are the major reasons why the Jackass departed in January 2007 for
Costa Rica. The
US media continued acceptance of the official story, the absence of Habeas Corpus, the ongoing war to control narcotics, and the lost control of the USDollar and USDept Treasury to Wall Street firms were my other justifications to leave the
United States, my home nation. These additional factors convinced me that control of the nation has been lost, probably forever.
◄$$$ AFGHAN NARCOTICS ARE ACTUALLY RENDERING SIGNIFICANT DAMAGE TO THE RUSSIAN SOCIETY, KILLING MORE PEOPLE THAN THE AFGHAN WAR IN THE 1980 DECADE. $$$
For a compendium of information about
Afghanistan and the USMilitary involvement in the heroin trade, complete with details about cooperation with druglords, details on production and deaths, see Evgeny Khrushchev's weblog (CLICK HERE). The one fact that was most surprising had to do with the Russian population. The US sponsored heroin trade has a direct effect on the Russian population. Evgeny reports that, "Annually, Afghan opium is 33 times more efficient at killing Russians at home than Afghan insurgents killing Soviet soldiers abroad, if you compare Russia's 50,000 loss last year to the USSR's 15,000 Killed In Action in 10 years [during the Soviet-Afghan War]."
◄$$$ BIG RISE IN SOLDIERS UNFIT TO SERVE IN COMBAT DUTY FOR THE USMILITARY MACHINE. EXHAUSTION AND DEPLETION BEST DESCRIBE THE CONDITION OF THE SOLDIER CORPS. $$$
The portion of soldiers deemed unavailable for combat has risen sharply during the past three years from 11% of each brigade in 2007 to 16% in year 2010, USArmy records show. Repeated tours in military combat, serious wounds not recovered, and nagging health problems have driven much of the increase in soldiers listed as non-deployable. Mental health disorders increased by 67% from 657,144 cases to 1.1 million, from official records. Nearly 70% of the Army's current roster of 460,000 enlisted soldiers have served in combat duty, half of them once, nearly a third of them twice, 13% with three combat tours, and 4% deployed four times. Suicides are on the sharp rise among soldiers, who are routinely pressed into continued tours despite serious wounds and at times permanent injuries. See the USA Today article (CLICK HERE).