John R. Houk
© December 27, 2013
Japan embarked on military campaigns in the 1930s to become an Asian political hegemon and to obtain the natural resources to maintain hegemony. The beginning of the end for Japan’s hegemonic agenda occurred when the Japanese Imperial Military attacked the U.S. Naval Base at Pearl Harbor Hawaii with the design to cripple the U.S. Navy in the Pacific. Military aggression was bad enough; however even worse things than aggression took place against innocent civilians and Prisoner of War (POW) personnel. Civilians of China, Korea, Philippines and other Asian peoples were rampaged, put into slave labor, raped, murdered, tortured and a lot of Korean gals were drafted to be pleasure girl prostitutes for the Japanese Imperial Military personnel. The American, British and the Asian nations lucky enough to have any kind of military were also tortured and brutalized as POWs.
Because of European Theatre of WWII and the NAZI implemented Holocaust, most Americans are cognizant of the atrocities particularly against the Jews and other groups of people that were considered genetically inferior to the NAZI super race. The Nuremberg War Crimes trials of NAZIS is prominent on documentary channels such as the History Channel and in American entertainment motion pictures. BUT did you know the Japanese treatment of conquered people may have been more brutal in its nature of execution than the Holocaust. Perhaps not as many people died as in the Holocaust (Approximately 6 million Jews and 6 million other people by race and physical limitations).
Apparently the Japanese Imperial Military was better at covering their tracks than the NAZIS. Genocide expert R.J. Rummel produces the number genocide victims at the hands of the Japanese to be between 3 MILLION and 10 MILLION. You can find Rummel’s research on Japan’s acts of genocide at “STATISTICS OF DEMOCIDE: Chapter 3; Statistics Of Japanese Democide Estimates, Calculations, And Sources”. Rummel uses the word “Democide” rather genocide. He defines Democide thus:
Democide is the murder of any person or people by a government, including genocide, politicide and mass murder. Democide is not necessarily the elimination of entire cultural groups but rather groups within the country that the government feels need to be eradicated for political reasons and due to claimed future threats. According to Rummel, genocide has three different meanings. The ordinary meaning is murder by government of people due to their national, ethnic, racial or religious group membership. The legal meaning of genocide refers to the international treaty on genocide, the Convention on the Prevention and Punishment of the Crime of Genocide. This also includes nonlethal acts that in the end eliminate or greatly hinder the group. Looking back on history, one can see the different variations of democides that have occurred, but it still consists of acts of killing or mass murder. A generalized meaning of genocide is similar to the ordinary meaning but also includes government killings of political opponents or otherwise intentional murder. In order to avoid confusion over which meaning is intended, Rummel created the term democide for the third meaning.
The objectives of such a plan of democide include the disintegration of the political and social institutions of culture, language, national feelings, religion, and the economic existence of national groups; the destruction of the personal security, liberty, health, dignity; and even the lives of the individuals belonging to such groups.
Rummel defines democide as “the murder of any person or people by a government, including genocide, politicide, and mass murder”. For example, government-sponsored killings for political reasons would be considered democide. Democide can also include deaths arising from “intentionally or knowingly reckless and depraved disregard for life”; this brings into account many deaths arising through various neglects and abuses, such as forced mass starvation. Rummel explicitly excludes battle deaths in his definition. Capital punishment, actions taken against armed civilians during mob action or riot, and the deaths of noncombatants killed during attacks on military targets so long as the primary target is military, are not considered democide.
You can read the entire article from Wikipedia (Democide; Wikipedia)
With this information in hand I have to ask you. Did you know that Japan has a National Shrine dedicated to their war dead that reaches back to 1867? The place honoring Japan’s war dead is called the Yasukuni Shrine.
Yasukuni Shrine … is a Shinto shrine located in Chiyoda, Tokyo, Japan. It was founded by Emperor Meiji to commemorate individuals who had died in service of the Empire of Japan during the Meiji Restoration. The shrine’s purpose has been expanded over the years; the deities enshrined at the Honden shrine within Yasukuni currently include more than 2,466,000 individuals who died in conflicts spanning from the Boshin War of 1867 to the end of World War II, and the adjacent Chinreisha “spirit-pacifying” shrine commemorates all of the dead from all wars fought worldwide throughout history.The shrine also includes a war museum, Yushukan, which honors Japan’s war dead and presents a pro-Japanese narrative of World War II. (Yasukuni Shrine; Wikipedia)
As Americans we can understand honoring our war dead for we do that as well (we just don’t deify our war dead as the Japanese do). That is what Arlington National Cemetery is for in Virginia near Washington DC. The thing that bothers the billion or so Chinese and the Koreans (North and South) and to a certain extent the U.S. government is that Japan buried notorious war criminals at Yasukuni Shrine. The big dog himself, the Japanese Premier during WWII – Hideki Tojo.
Here comes the most recent controversy over the Yasukuni Shrine. Yesterday Japan’s Prime Minister Shinzo Abe went to the shrine to honor Japan’s war dead in a Shinto religious ritual. On the diplomatic front the official governments of Communist China and South Korea formerly protested vehemently that the highest representative of the Japanese government essentially honored all the Japanese war dead INCLUDING WWII war criminals. The Obama Administration joined his displeasure with the Chinese and South Koreans expressing disappointment with Prime Minister Abe’s display of honor.
The AEI organization posted an essay on this situation entitled, “Japan officially enters Cold War with China and Korea”. That article explains that antagonism between these nations (which included nuclear armed North Korea) has been brewing for some time.
Here is a snapshot to look at about a brewing new military paradigm emerging among the Asian nations of the Pacific Ocean.
Abe’s finance minister Taro Aso, a former prime minister, declared in 2006 that there was nothing wrong with discussing whether Japan should possess nuclear arms. A Japan Times article last month, entitled “Nuclear arms card for Japan,” noted that politicians who had advocated nuclear weapons, officially and unofficially, included former prime ministers—Nobusuke Kishi (Abe’s grandfather), Hayato Ikeda, Eisato Sato, Yasuo Fukuda and Aso.
During the election campaign last year, Shintaro Ishihara, who was an LDP member until last year and now leads the extreme nationalist Japan Restoration Party, declared: “It’s high time Japan made simulations of possessing nuclear arms,” saying that it would be a form of deterrent against China. He has previously insisted that Japan had to have nuclear weapons.
The same Japan Times article reported that the Japanese government in September 2006 compiled an internal report examining “the possibility of domestically producing nuclear weapons.” A Defence Ministry source told the newspaper that the secret document had been produced by the Foreign Ministry and had aroused serious concerns in the US State Department.
According to the article, the report found that it would take three to five years and 200 to 300 billion yen ($US2.2 to 3.3 billion) for Japan to manufacture nuclear weapons. A significant obstacle was the impurity of the plutonium produced in Japan’s commercial power reactors. The Rokkasho reprocessing facility, which has taken more than $US21 billion and two decades to build, would be able to provide weapons-grade plutonium. No date has been set for its start up but the Japan Atomic Energy Commission and the plant’s operator, Japan Nuclear Fuel, say it could be as early as October. However, the Nuclear Regulation Authority has indicated that safety guidelines will not be ready until December.
In March and April, Washington deliberately inflamed tensions on the Korean Peninsula, provocatively sending nuclear-capable strategic bombers to South Korea, supposedly to counter North Korean threats. The US sought to use the crisis to put pressure on China for economic and strategic concessions, including to rein in Pyongyang.
However, the Abe government also exploited the North Korean “threat” to deploy anti-missile systems in Japan, and establish a political climate of fear to justify military rearmament—including potentially with nuclear weapons. The US is directly responsible for creating the conditions for a nuclear arms race in Asia that would enormously heighten the danger of conflict and war. (READ ENTIRETY - Is Japan Developing a Nuclear Weapons Program? By Peter Symonds; Global Research; 5/7/13)
It became clear at the 28th Annual Conference of the Council on U.S.-Korean Security Studies in Seoul this past week that the DPRK’s recent escalatory rhetoric and other provocations has reinforced the concerns of some South Korean strategists about the credibility of U.S. extended deterrence guarantees in Asia.
As the United States becomes vulnerable to a North Korean nuclear strike, the credibility of its extended deterrence guarantees to its Asian allies is called into question. Some South Koreans, including some of the former ROK general officers at the conference, already doubt that the U.S. officials would defend them against a DPRK attack if North Korea could destroy Los Angeles in retaliation. They want to acquire their own national nuclear deterrent, whose use in response to an attack against them would be much more credible than that of a third party.
If more South Koreans lose faith in the U.S. willingness or capacity to defend them, or they come to fear that potential foreign aggressors doubt the credibility of U.S. assurances, then South Korea might pursue alternative security policies, including possibly seeking their own nuclear weapons. Such a move could easily prove counterproductive by harming the ROK’s relations with the United States and other countries, resulting in a net decrement to the country’s security.
As China rattles sabers over its newly claimed airspace in the East China Sea directly over Japanese sovereign soil, as reported by the Israeli news portal Arutz Sheva on Dec. 2, 2013, one thing that many international watchers agree would rattle China’s cage would be a militarily-allied and nuclear-armed Japan and Republic of Korea (ROK).
Especially a nuclear Japan and ROK independent of U.S. military control.
Tensions are still running high since China claimed international airspace over Japan’s Senkaku Islands, the southernmost of the 3,000 islands comprising the Japanese archipelago.
… READ THE REST (Getting China’s attention: A nuclear-armed Japan and South Korea; Examiner.com; 12/2/13)
The picture here is that of a lot of Asian mistrust including the mistrust of U.S. Military capabilities to protect Japan and South Korea from an aggressive China and North Korea. AND YET due to history neither is South Korea entirely trusting with a Japan independent of the USA arming itself with nuclear weapons.
I see two things that could happen affecting American National Security Interests.
The positive: A nuclear armed Japan and South Korea means a decrease in military defense deterrence as a buffer between South Korea versus China and North Korea as well as a buffer between Japan versus China and North Korea. Lessening the commitment means lessening the U.S. budget as it pertains to the Military policing the Pacific due to our National Interests.
The negative: A nuclear armed Japan would flex muscles over land disputes with China and Russia and undoubted retaliate against North Korean adventurism that was not well thought out; such as the sinking of a Japanese commercial or naval vessel. Or perhaps North Korea shooting an airline pertaining to Japanese commercial or military interests. Amazingly a global war could start that has very little to do with Muslim psycho-Caliphate supporters.
In essence, any path the USA chooses would be a gamble, hopefully an informed and educated gamble.
Japan officially enters Cold War with China and Korea
December 26, 2013
Originally National Review Online
Japanese prime minister Shinzo Abe (pronounced “Ah-bay”) has just visited Yasukuni Shrine, Ground Zero for political controversy with China and Seoul. In doing so, he has all but acknowledged that a cold war exists between Japan and its northeast-Asian neighbors China and South Korea. It’s a shot across the bow of both countries, boldly, perhaps recklessly, announcing that Japan will no longer seek better relations on their terms. Nor does he have the support of the United States. Abe is putting Japan on a path of increasing diplomatic self-reliance, but doing so with the belief that it is the right response to continued tensions with Beijing and Seoul. That it will inflame those tensions, he is well aware.
Yasukuni Shrine is somewhat analogous to Arlington National Cemetery, being the religious site where the spirits of Japan’s war dead since 1867 are commemorated. Founded in 1869 across from the Imperial Palace in Tokyo, there are nearly 2.5 million individuals enshrined there. Among them are 14 Class A war criminals from World War II, including wartime premier Hideki Tojo. These individuals were enshrined in 1978, nearly two decades after the first Class B and C war criminals were included in the shrine. Emperor Hirohito, who reigned during the war, refused to visit the shrine after 1978 and the inclusion of Tojo and others.
There was little international controversy about the shrine until 1985, when then–prime minister Yasuhiro Nakasone paid an official visit to offer prayers for the dead. The outcry forced him to abandon plans for future visits, but annual visits by popular prime minister Junichiro Koizumi between 2001 and 2006 again fanned the flames of diplomatic protest. Both Beijing and South Korea have heatedly and vehemently condemned visits to the shrine by any serving Japanese cabinet official, and especially the prime minister. While no doubt feeling true outrage over what they see as attempts to whitewash the memory of the atrocities committed by the Class A war criminals, Chinese and Korean officials have also used the shrine visits as a means of pressuring Japan and keeping it diplomatically isolated in Asia. Contemporary politics have as much to do with the furor over Yasukuni as does the historical record.
Since 2006 no serving Japanese prime minister visited Yasukuni, in part to try and stabilize relations with China and South Korea. Yesterday, a year after taking office and refraining from going to the shrine, Prime Minister Abe made an official visit. The reaction from Beijing and Seoul was swift and expected. According to the BBC, “China called the visit ‘absolutely unacceptable to the Chinese people’, and Seoul expressed ‘regret and anger’.” More surprisingly, and worryingly, the BBC reports that “the US embassy in Tokyo said in a statement it was ‘disappointed’ and that Mr. Abe’s actions would ‘exacerbate tensions’ with Japan’s neighbors.” It was a clear message that Washington doesn’t trust Abe’s judgment and may not see him as a responsible ally.
Both Beijing and Seoul will undoubtedly take comfort in the U.S. pronouncement, seeing it as a signal to pressure Tokyo and continue with their relentless attempts to isolate Japan. South Korean president Park Geun Hye has been particularly vociferous in her anti-Japanese statements, taking the opportunity during the visits of Vice President Biden and Defense Secretary Hagel to publicly chastise, if not embarrass, Japan. For those concerned over Washington’s repeated attempts to restrain Tokyo’s response to China’s provocations in the waters around the disputed Senkaku Islands, the embassy statement will seem yet another instance of the U.S. government undercutting its ally.
The real question is not what China and South Korea will do in response to Abe’s visit. The question is, rather: Why now? Abe is regularly labeled a nationalist and right-winger, by political opponents at home and anti-Japanese voices abroad, in both Asia and America. His plans to increase Japan’s defense budget and lift some of the remaining post-war restrictions on Tokyo’s ability to engage in collective self-defense, as well as undertake some controversial constitutional reforms related to civil liberties, has alarmed critics at home and abroad.
From Abe’s perspective, the trend line in northeast Asia is getting worse. He has been rebuffed for nearly a year by the South Korean president, who has met with the Chinese. Last month, China established a controversial air defense identification zone in the East China Sea that partly overlaps Japan’s own zone over the Senkaku Islands. Instead of a firm American response, Tokyo saw Vice President Biden fail to demand a repeal of the zone during his visit to Beijing. China’s military modernization and growth plan shows no sign of abating, and it is starting to develop sophisticated offensive weapons such as aircraft carriers and stealth fighters.
Thus, rather than start 2014 on the defensive, Abe seems to have decided to take the bit between his teeth. It shows he’s willing to buck his only ally, the United States, and pursue a more independent path. His visit was a message that his administration will not continue to apologize for its history, having done so numerous times in the past. It is also a signal that he will not supplicate for better relations with China and Korea at the expense of what he thinks is in Japan’s best interests. At the outer edge of interpretation, that may well mean a more muscular response to China’s interloping around the Senkaku Islands or moving ahead on strike capabilities that could target North Korea. Combining this with a push for high-level diplomatic talks with Beijing and Seoul could possibly blunt the impact of his visit, but for the foreseeable future, Japan’s relations with China and South Korea will be in a deep freeze.
What if Japan became a Military Power Again?
John R. Houk
© December 27, 2013
Japan officially enters Cold War with China and Korea
Newbill takes a look at how currency is a part of a Leftist agenda to wrangle the USA away from being the international currency of trade. The emails suggest that China is the primary culprit behind this global Leftist agenda. There is a story about “ghost cities” possibly causing a financial crisis due real estate speculating; however it is my opinion you should read between the lines on that story. China is a controlled economy and they are not going to literally allow the construction of empty metropolitan areas without a specific purpose in mind. As you read behind the lines on the ghost city you really need to contemplate why China would allow such an expansion of real estate to occur.
Story about Wall Street Living off Fake Money
Sent: 11/13/2013 8:05 AM
They are doing this because of Peak Earth Ideology [Editor: Here is a gist of Peak Earth Ideology] and this gives them Control over consumption rates of the Consumer. Squeezing resources will be the future and bending the cost curve will mean lowing the life expectancy rate.
Dividing the society is key to accomplishing this goal.
The story about Wall Street living off Fake Money from the Federal Reserve Proves the International market Scheme is Over and the USA is only running higher and higher debts to try and keep it going!!!!
I can only say: I’m sorry, America. As a former Federal Reserve official, I was responsible for executing the centerpiece program of the Fed’s first plunge into the bond-buying experiment known as quantitative easing. The central bank continues to spin QE as a tool for helping Main Street. But I’ve come to recognize the program for what it really is: the greatest backdoor Wall Street bailout of all time.
Five years ago this month, on Black Friday, the Fed launched an unprecedented shopping spree. By that point in the… (To read the rest you have to be a subscriber or subscribe to the WSJ – Andrew Huszar: Confessions of a Quantitative Easer; 11/11/13)
This is why I think the best hope for the USA is to isolate and get back to being a Self-Supplying Nation. We have plenty of resources for our sustainable Population, it’s when we try and supply the rest of the world that we are running into and running out of what we need to survive let along innovating any new expansion in or renewable resource supply.
(CNN) Editor’s note: Paul Gilding, author of “The Great Disruption,” is an advocate and adviser to nongovernmental organizations and businesses and the former chief executive of Greenpeace. He spoke at the TED2012 conference in February. TED is a nonprofit dedicated to “Ideas worth spreading” which it makes available through talks posted on its website.
(CNN) — For 50 years the environmental movement has unsuccessfully argued that we should save the planet for moral reasons, that there were more important things than money. Ironically, it now seems it will be money — through the economic impact of climate change and resource constraint — that will motivate the sweeping changes necessary to avert catastrophe.
The reason is we have now reached a moment where four words — the earth is full — will define our times. This is not a philosophical statement; this is just science based in physics, chemistry and biology. There are many science-based analyses of this, but they all draw the same conclusion — that we’re living beyond our means.
The eminent scientists of the Global Footprint Network, for example, calculate that we need about 1.5 Earths to sustain this economy. In other words, to keep operating at our current level, we need 50% more Earth than we’ve got.
In financial terms, this would be like always spending 50% more than you earn, going further into debt every year. But of course, you can’t borrow natural resources, so we’re … READ THE REST – be warned its pro-Climate Change propaganda (The Earth is full; By Paul Gilding; CNN; 4/8/12)
Population is a complicated topic. With the worldwide population slated to top 7 billion in 2011, we decided it was one we needed to tackle. But we wanted to do it in a way that gives readers room to think. We spread out our coverage over a year, with articles that take deep dives into specific issues—demographics, food security, climate change, fertility trends, managing biodiversity—that relate to global population. Our reporting is collected here. Feel free to explore and share your thoughts on twitter at #7billion. (7 Billion; National Geographic)
World Population: Past, Present, and Future … READ THE REST – A lot of Charts (WorldOMeters)
China’s ability to be a trusted Alternative Trade Currency
Sent: 11/17/2013 7:55 AM
More Reason to question China’s ability to be a trusted Alternative Trade Currency???? And see how they are using finance and trade to divide Alliances.
JERUSALEM — The Israeli government has decided to prevent a key witness from testifying in an anti-terrorism case in the United States, drawing accusations that it is caving in to pressure from China.
The lawsuit revolves around allegations that Bank of China knowingly allowed Palestinian militants to use its accounts to finance their operations, including a suicide attack in the city of Tel Aviv in 2006 that killed 11 people.
Families of the dead, among them 16-year-old American holidaymaker Daniel Wultz, have launched at least two cases in the United States against China’s fourth largest lender.
The bank denies any wrongdoing.
Plaintiffs hoped that evidence from a former Israeli intelligence officer, who allegedly told Chinese counterparts in 2005 about suspicious transactions, would prove decisive.
A Washington district court issued the official, Uzi Shaya, with a subpoena to testify on Nov. 25.
However, on Nov. 15, the Israeli government filed a petition, which was seen by Reuters on Saturday, seeking to block his appearance and to stop him revealing what it said were state secrets.
“The disclosure of such information would harm Israel’s national security, compromise Israel’s ability to protect those within its borders, and … READ THE REST (Israel muzzles witness in US anti-terrorism lawsuit; By Crispian Ballmer; NBC News Investigations via Reuters; 11/16/13 11:33 PM EST)
Why China wants to replace dollar as Worlds Trade Currency
We have written about China’s ghost towns — neighborhoods with massive new buildings not inhabited by any people. Many see this as the clear evidence of overbuilding and a housing bubble.
Yale’s Stephen Roach has said, however, that China’s modernization is “the greatest urbanization story the world has ever seen,” and that these ghost cities will soon become “thriving metropolitan areas.”
But analysts say most Chinese people can’t afford the types of homes being built in the ghost cities.
China has been trying to get a grip on its property market for some time now and some say officials are in control and have been deflating the housing bubble.
However, the risks of the housing bubble evolving into a financial crisis appear to be high.
There is a new report from “60 Minutes” titled “China’s real estate bubble.” We’ve seen photos of China’s ghost towns, but they are … READ THE REST – Most of the rest of the article are screen shots of empty Chinese cities ending with the 60 Minutes feature entitled “China’s real estate bubble”. I will post the Youtube version of the 60 Minutes episode. (This ’60 Minutes’ Video Of China’s Ghost Cities Is More Surreal Than Anything We’ve Ever Seen; By MAMTA BADKAR; Business Insider; 3/3/13 8:26 PM)
Editor: This is a thought that I am not going to take the time to substantiate. I remember reading a Conspiracy Theory that these Chinese ghost cities were actually built in China’s anticipation of a destructive war.
VIDEO: China’s real estate bubble
Blame another for Spying on U.S. Citizens
Sent: 11/17/2013 8:11 AM
So if the Agency Spying going through this Avenue is allowed secretly and it not be able to have regulation by our Congress Oversight, won’t this be the END of U.S.A. Liberty????
Won’t this be a Great way to blame another for Spying on U.S. Citizens?????
WASHINGTON — In the view of America’s spy services, the next potential threat from Russia may not come from a nefarious cyberweapon or secrets gleaned from the files of Edward J. Snowden, the former National Security Agency contractor now in Moscow.
Instead, this menace may come in the form of a seemingly innocuous dome-topped antenna perched atop an electronics-packed building surrounded by a security fence somewhere in the United States.
In recent months, the Central Intelligence Agency and the Pentagon have been quietly waging a campaign to stop the State Department from allowing Roscosmos, the Russian space agency, to build about half a dozen of these structures, known as monitor stations, on United States soil, several American officials said.
They fear that these structures could help Russia spy on the United States and improve the precision of Russian weaponry, the officials said. These monitor stations, the Russians contend, would significantly improve the accuracy and reliability of Moscow’s version of the Global Positioning System, the American satellite network that steers guided missiles to their targets and thirsty smartphone users to the nearest Starbucks.
“They don’t want to be reliant on the American system and believe that their systems, like GPS, will spawn other industries and applications,” said a former senior official in the State Department’s Office of Space and Advanced Technology. “They feel as though they are losing a technological edge to us in an important market. Look at everything GPS has done on … READ THE REST (A Russian GPS Using U.S. Soil Stirs Spy Fears; By MICHAEL S. SCHMIDT and ERIC SCHMITT; NYT; 11/16/13)
Morning Joe: Who will pay more under Obamacare?
Sent: 11/20/2013 7:42 AM
Who will pay more under Obamacare?
Top Talkers: President Obama is set to meet with health insurance CEOs to discuss Obamacare, and Steve Rattner brings his infamous charts to show Obamacare’s impact on the country, including who will pay more under the law. (Click MSNBC link to watch the episode Newbill is referring to.)
On Morning Joe today they are trying to sugar coat the Percentage of people who are losing their Healthcare insurance by saying it’s a small Percentage, but they are not taking into consideration what’s going to happen once we get to 2015 when that exemption is OVER that the President gave all who get their Insurance through their Employer!!!!!
Wait till 2015 YOUR CORPORATE Cover will go away and then we will REALLY see the collapse that was delayed with the Unconstitutional exemption for a year by Obama.
How can you not be a dictator when you pass a Law with Bribes then turn around and Single handedly Delay it???
These Liberals all know this is just a Path towards Single payer and they don’t care what kind of LIE it takes to keep everyone chilling while the current system collapses along with the current Obamacare law, and Nothing is Left but a Government Option.
VIDEO: Shocking Obama Videos Reveal Real Goal!
Dodd Frank plans to regulate the Fund managers and personal IRAs
Sent: 12/7/2013 10:59 AM
Dodd Frank plans to regulate the Fund managers and personal IRAs in case of a market shock.
This report provides a brief overview of the asset management industry and an analysis of how asset management firms and the activities in which they engage can introduce vulnerabilities that could pose, amplify, or transmit threats to financial stability.
The Financial Stability Oversight Council (the Council) decided to study the activities of asset management firms to better inform its analysis of whether—and how—to consider such firms for enhanced prudential standards and supervision under Section 113 of the Dodd-Frank Act.1 The Council asked the Office of Financial Research (OFR), in collaboration with Council members, to provide data and analysis to inform this consideration. This study responds to that request by analyzing industry activities, describing the factors that make the industry and individual firms vulnerable to financial shocks, and considering the channels through which the industry could transmit risks across financial markets.
… READ THE REST – 34 page PDF document (Asset Management and Financial Stability; By Office of Financial Research; September 2013)
In his first term, Obama managed to get his paws on health care, banking, energy, student loans, the auto business, and more. Now he has his sights set on your 401(k).
The left has had its eye on retirement savings for years, but so far takeover attempts have been rebuffed. One egregious attempt was the proposal, following the 2010 financial crisis, to “safeguard” retirement savings by requiring that they be rolled over into Treasury bonds. Had this legislation succeeded, it would have appropriated all or part of the retirement savings of millions of Americans. The funds would have been used to finance further expansion of government. In return, savers would have received a promissory note from the federal government similar that issued by the Social Security Trust Fund.
Needless to say, most investors were not keen to convert their savings into Treasury obligations — or, to be more precise, into an unsecured note promising a return approximating that of Treasury bonds. That is because, as with every other endeavor, government’s management of retirement savings (aka Social Security) has been a disaster.
Despite its 2010 failure to take over retirement savings, the left has not given up. As reported in WND, officials at the U.S. Treasury and Labor Departments continue discussions aimed at channeling private savings into Treasury obligations via a so-called “Automatic IRA.” Once it has forced workers and employers to contribute to Automatic IRAs, and eventually forced existing savings into government obligations as well, government would control much of the investment capital in America. The free market will cease to exist.
Perhaps in support of that goal, Dodd-Frank legislation of 2010 established the Office of Financial Research (OFR) [Blog Editor: This should sound familiar to the PDF report linked above!], which recently issued a report suggesting that mutual funds may pose a risk to financial stability. At several points in the report, the authors suggest that many aspects of the financial system are not at present highly regulated and that the risks of these unregulated private transactions are unknown. The implication seems to be that greater government scrutiny is called for.
OFR is a bureaucracy charged with the task of sniffing out systemic risk and passing along its findings to the Financial Stability Oversight Council (FSOC). The chairman of that august body is none other than Jacob Lew, Obama’s secretary of the treasury. This is the same Jacob Lew who was employed as chief operating officer at Citigroup Alternative Investments (CAI) during the financial crisis. CAI reportedly incurred significant losses during the financial crisis. As COO of that division of Citigroup, Lew would not seem to be an ideal candidate to chair a committee on Financial Stability — much less the person to be put in charge of America’s retirement savings [Blog Editor: Oh-Oh, Do you see the Leftist agenda at work in your personal life yet?].
That is the reality, I believe, behind the innocuous-sounding Office of Financial Research and its report on the supposed risk to the financial system underlying mutual funds. It is an important cog in this administration’s insidious scheme to destroy capitalism and convert America into a socialist state. READ ENTIRETY (Obama’s Plan to Snatch Your Savings; By Jeffrey Folks; American Thinker; 12/5/13)
Here’s a Possible Shock …..
Is a threat to the dollar as world’s trade currency a China and Germany alliance?????
Below a translation of an article on gold price suppression by global finance expert from the China Gold Association Zhang Jie, published on April 15, 2013. We have posted a Google Translate version of this article on August 13, but because of the significance of the insights of the writer we searched for real translators to make it into a more clear and understandable read. The result is a very interesting analysis of a monetary game played by the US and other countries through gold leasing and derivatives.
We will be publishing translations from Chinese economists on a more frequently basis as these gives us important information on China’s present and future gold policy.
Translated by Maarten van Mourik and J. Chin. [Italicized by Blog Editor]
Gold Leasing Is A Tool For The Global Credit Game
- By Zhang Jie, Deputy editor of “Global Finance”, expert specially engaged by China Gold Association.
The world’s financial and real estate crisis will eventually produce a credit crisis.
The price of gold is closely related with credit, the implication from suppression the gold price lies not only on gold, but more so in currencies and the trust behind currencies.
Gold leasing is an important innovation in the gold settlement system. Through continuous gold leasing the gold in the market can be circulated and produce derivatives, creating more and more paper gold. This is very significant for the United States. Gold leasing is a major tool for the Federal Reserve and other central banks in the West to secretly control and regulate the gold market, creating gold credit derivatives and global credit conflict.
China suffered from gold lease in the past
World gold leasing started in the 1980s, when the gold price rose to over 800 US$ per ounce. Gold leasing at that time effectively combated the price of gold. More strategically, the gold price affected national creditworthiness. A lower gold price suppressed the Soviet Union and China after 1989 when they were sanctioned by the West, in addition to the sanctions imposed on South Africa for apartheid. As all three were heavily dependent on gold to import necessities, the gold price had become a protection for foreign credit in these countries.
In the 1990s, the introduction of gold leasing effectively lowered the price of gold. Low gold and oil prices have caused great difficulties for China, the former Soviet Union and South Africa who were in dire need of foreign currencies. As a result, these countries had to sell resources or core assets very cheaply, which now have to be bought back more expensively. The West thus gained extensively by suppressing gold prices.
Gold credit is even more critical in today’s world where risk of global crises, war and conflicts increases. If a global full-scale conflict were to develop, the globalised financial system would collapse and trust in national currencies would vanish completely. Only liquid assets, of which the best liquid asset is gold, can establish trust between nations. Consequently, the trust in gold will become critical; gold can become a powerful weapon in the world credit game. Crude oil and other commodities that are difficult to store can’t be used as trust equivalents. Gold being the leading candidate is inevitable, thus led to gold leasing becoming the tool and mean of the world credit game.
Gold leasing to control credit
If the Fed were to engage in gold leasing, the lessee is the key in this process. In the bull market during the past several years, gold leasing agencies which shorted gold may incurred huge losses. Although these losses exist, we don’t see them because it’s possible for entities such as Lehman Brothers to manipulate their accounts. However, it is unlikely for the Fed to be involved directly in the shorting of gold reserves and manipulation of accounts, but it is entirely possible for the Fed to engage in gold leasing on a huge scale, and the related lessee could thus bear a huge loss. If the loss is exposed, even a large institution could collapse. This could create a crisis as bad as the one caused by the collapse of Lehman Brothers. Germany and the IMF should see the signs of such a crisis that would have a serious impact on the creditworthiness of countries and agencies.
Germany staged a coup on the US Fed
If the Fed’s large gold reserves are used in gold leasing, there will be a serious problem. Germany therefore will threaten the Fed’s dominant position by demanding their gold back; the Fed subsequently needs to withdraw the leased gold and thus could destabilize the market. This is a new credit game of international capital.
If the Fed is engaged in gold leasing it’s impossible that the Fed is able to show Germany and France their stored gold because the gold has been used in gold leasing. The Fed should be able to combine the remaining gold deposits from all remaining countries to allow for Germany’s inspection – Germany has no right to audit gold reserves of other countries. The Fed probably has agendas aimed at preventing Germany to inspect its gold or to ship it back to Germany. These agendas are likely to be related to the game of international finance and the credit game between countries. Gold is a financial and monetary product; it represents the authority of …
For the Fed, it is crucial that the dollar dominates the world and so the Fed will store gold reserves from countries all over the world to control the gold settlement system. If there were another gold settlement system, it would compete with the dollar’s trust. Natural gold credit would be a nightmare for the continuous printed dollar. The dollar can only be the world currency as a result of the United States controlling global gold settlement. However, if other countries want their gold back from the Fed, the Fed will lose its gold settlement position. Underneath the global gold reserves at the Fed, there is the promise of the United States to continue with the dollar-gold price under the Bretton Woods system. Since the collapse of the Bretton Woods system 30 years ago, it is suspected that the United States violated the original agreement; therefore other countries have the right to demand their gold reserves back from the Fed.
… If Germany holds its own gold reserves, this will restrict other countries to lease gold. Such action could create a panic over gold, subsequently support gold prices and blow the confidence of gold short sellers. This will have significantly more impact on the market’s confidence than actual market transactions. At a time when the market is concerned about the US Fed having a huge gold deficit, who dares to short gold on a massive scale? Here we should see the divergence between United States and Europe as well as with Germany.
This translation is a combination of two translations, by Maarten van Mourik and J. Chin, which were merged by Koos Jansen. This link (choose file, than download) gives access to a document that contains the Chinese text as well as the two original translations by Mourik and Chin. READ ENTIRETY (Gold Leasing Is A Tool For The Global Credit Game; By Koos Jansen; In God We Trust; 8/31/13 6:56 pm)
Edited by John R. Houk
© Tony Newbill
Most of these Newbill email relate to economic collapse and the Dollar collapse which will lead to some form of global and American chaos. One email pertains to a repugnant issue occurring in Syria still in a civil war. The issue is the occurrence of a disease that results by cannibalism.
A Corporate Trojan Horse
Sent: 11/3/2013 8:23 AM
You won’t believe this, it will further the call for a new trade currency as this TPP trade Policy will further collapse nations sovereignty valued in dollars internationally.
“A Corporate Trojan Horse”: Obama Pushes Secretive TPP Trade Pact, Would Rewrite Swath of U.S. Laws
As the federal government shutdown continues, Secretary of State John Kerry heads to Asia for secret talks on a sweeping new trade deal, the Trans-Pacific Partnership. The TPP is often referred to by critics as “NAFTA on steroids,” and would establish a free trade zone that would stretch from Vietnam to Chile, encompassing 800 million people — about a third of world trade and nearly 40 percent of the global economy. While the text of the treaty has been largely negotiated behind closed doors and, until June, kept secret from Congress, more than 600 corporate advisers reportedly have access to the measure, including employees of Halliburton and Monsanto. “This is not mainly about trade,” says Lori Wallach, director of Public Citizen’s Global Trade Watch. “It is a corporate Trojan horse. The agreement has 29 chapters, and only five of them have to do with trade. The other 24 chapters either handcuff our domestic governments, limiting food safety, environmental standards, financial regulation, energy and climate policy, or establishing new powers for corporations.”
Or they are creating the Plutocracy crisis to piss off the sheeple so they will demand more Bigger Government Intervention……
Obama-Backed Trans-Pacific Partnership Expands Corporate Lawsuits Against Nations for Lost Profits.
The first part of this video talks about how the Surveillance Cabal by the NSA Spying is directly connected to the TPP International Trade Policy trying to rise up.
Start this video at 29:00 to hear what the Trade Policy that will create the International Legal Cabal on U.S Constitutional rights. And this Cabal allows the Multinational Corps to act as Sovereign citizens and sue Nations for Financial Losses.
The Obama administration is facing increasing scrutiny for the extreme secrecy surrounding negotiations around a sweeping new trade deal that could rewrite the nation’s laws on everything from healthcare and Internet freedom to food safety and the financial markets. The latest negotiations over the Trans-Pacific Partnership (TPP) were recently held behind closed doors in Lima, Peru, but the Obama administration has rejected calls to release the current text. Even members of Congress have complained about being shut out of the negotiation process. Last year, a leaked chapter from the draft agreement outlined how the TPP would allow foreign corporations operating in the United States to appeal key regulations to an international tribunal. The body would have the power to override U.S. law and issue penalties for failure to comply with its rulings.
We discuss the TPP with two guests: Celeste Drake, a trade policy specialist with the AFL-CIO, and Jim Shultz, executive director of the Democracy Center, which has just released a new report on how corporations use trade rules to seize resources and undermine democracy. “What is the biggest threat to the ability of corporations to go into a country and suck out the natural resources without any regard for the environment or labor standards? The threat is democracy,” Shultz says. “The threat is that citizens will be annoying and get in the way and demand that their governments take action. So what corporations need is to become more powerful than sovereign states. And the way they become more powerful is by tangling sovereign states in a web of these trade agreements.”
This is a rush transcript. Copy may not be in its … READ THE REST (Obama-Backed Trans-Pacific Partnership Expands Corporate Lawsuits Against Nations for Lost Profits; Democracy Now – A Daily Independent Global News Hour; 6/6/13)
The 21 century Government and Corporate fascism 2.0
Sent: 11/4/2013 12:30 PM
Why the general public cannot compete in the phony free market while these 2 big 2 fail entities work off Government assistance indirectly through public entitlements and Federal Reserve Stimulus Policy
10 Corporations Control Almost Everything You Buy — This Chart Shows How
Ten mega corporations control the output of almost everything you buy; from household products to pet food to jeans.
According to this chart via Reddit, called “The Illusion of Choice,” these corporations create a chain that begins at one of 10 super companies. You’ve heard of the biggest names, but it’s amazing to see what these giants own or influence.
(Note: The chart shows a mix of networks. Parent companies may own, own shares of, or may simply partner with their branch networks. For example, Coca-Cola does not own Monster, but distributes the energy drink. Another note: We are not sure how up-to-date the chart is. For example, it has not been updated to reflect P&G’s sale of Pringles to Kellogg’s in February.)
Here are just a few examples: Yum Brands owns KFC and Taco Bell. The company was a spin-off of Pepsi. All Yum Brands restaurants sell only Pepsi products because of a special partnership with the soda-maker.
$84 billion-company Proctor & Gamble — the largest advertiser in the U.S. — is paired with a number of diverse brands that produce everything from medicine to … READ THE REST (10 Corporations Control Almost Everything You Buy — This Chart Shows How; By Chris Miles; PolicyMic; 10/31/13)
This is a very bad disease
Sent: 11/5/2013 9:36 AM
This is a very bad disease …..Due to limited treatment will Obamacare lead to this disease spreading???
[Editor Note: the above Shoebat.com link is very disturbing and yet informative. It is worth posting in entirety]
Cannibalism In Syria Causes An Extremely Rare Disease
By Theodore Shoebat
November 4, 2013
Its (sic) called Kuru, an extremely rare disease which virtually became extinct after extinguishing cannibalism in Papua New Guinea. Amazingly Kuru has now been found in 8 to 20 people, out of all places, in war-torn Syria, and the only way it could have come about, doctors confirmed, is through cannibalism and the consumption of human brain, as first reported by Arabian news source Zaman al-Wasal and substantiated by Orient News Television.
Here is a documentary showing the connection between native sorcery, ritualized cannibalism, and its end result, Kuru:
VIDEO: Kuru: The Science and The Sorcery (52 Minute Documentary)
Two of the infected were sent from Syria to a hospital (sic) in Ghazi Antab in Turkey for further examination to only be transferred to another hospital in Germany. One of the two already died, since Kuru is 100% fatal. Kuru is contagious and has symptoms of skin ulcers and worms, and according to a piece on the New York Times,
Kuru is a very rare disease. It is caused by an infectious protein (prion) found in contaminated human brain tissue.
Kuru is found among people from New Guinea who practiced a form of cannibalism in which they ate the brains of dead people as part of a funeral ritual.
One of the infected men in the German hospital was confirmed to have eaten human flesh, and he eventually died. When the Turkish hospital was asked on the details of the cannibalism case, they refrained from saying anything.
Moreover, the Free Syrian Army said they will be doing an investigation on the cannibalism case, and this sparks a hunch as to what their intentions are behind this.
Overall, there are 8 to 20 cases of Kuru in Syria; Kuru strictly is caused by cannibalism, and cannibalism was involved from the report on what took place in the German hospital.
In past studies, it was established that in the area of Fore in Paupa (sic) New Guinea, Kuru was transmitted due to “ritualistic mortuary cannibalism.”
It is quite possible that this is what commenced the infection, in that the jihadists began to eat the flesh of their enemies.
Cannibalism is not beyond the nature of the Muslim rebels, here is a video of a Syrian jihadist eating a lung:
The Case that a Fed Bailout is Coming
Sent: 11/5/2013 10:27 AM
These links make the case that a Fed Bailout is coming and it will come through stock sales and the collapse of the Dow Jones.
They are creating the crisis with Debt accumulation instead of supply expansion and accumulation!!!!!!
The Fed has no endgame
The financial markets are focused on guessing when the Federal Reserve will begin to reduce its $85 billion a month in asset purchases.
A move to buy fewer Treasurys and mortgage-backed securities — say, $70 billion to $75 billion a month as a first stage, instead of the current $85 billion a month — would lead, the market fears, to a rise in U.S. interest rates and a stronger dollar that would provoke a selloff in global markets.
The consensus now says this tapering won’t begin until March 2014 at the soonest, although the Fed’s press release after the October meeting of its Open Market Committee led to a pickup among traders and investors in votes for January 2014.
The Federal Reserve itself, however, has moved on in its worries and plans. While the timing of any taper remains an unsettled issue, planning at the Fed is now concentrating on the endgame.
After building up its balance sheet to a record $3.84 trillion — including $2 trillion in Treasurys and $1.4 trillion in mortgage-backed securities — the big question, and the one with much more impact in the long-term on the U.S. and global economies and financial markets, is how does the Fed sell these assets so it can cut its balance sheet back to normal levels?
MSN Money’s Mirhaydari: Fed Must Act Fast to Prevent Deflation Disaster
The Federal Reserve must do more and do it fast before we fall into a 1990s-style Japanese deflation disaster, argues MSN Money columnist Anthony Mirhaydari in an article for MarketWatch.
The Fed is continuing to purchase $85 billion of bonds a month in an effort to bolster the economy by keeping rates low.
It’s not enough, warns Mirhaydari, a former research analyst.
Mirhaydari recommends that the Fed inject funds directly into the economy by funding public-private infrastructure investment trusts or converting its Treasury holdings into equity-like assets, which would essentially erase some of the national debt. It could convert long-term bonds into zero-coupon perpetuity bonds.
“In other words, the Fed needs to do … READ ENTIRETY (MSN Money’s Mirhaydari: Fed Must Act Fast to Prevent Deflation Disaster; By Michael Kling; Money News; 10/31/13 01:42 PM)
As stimulus tab rises for Fed, worries grow it may require a bailout
WASHINGTON — The Federal Reserve has taken unprecedented steps to stimulate the economic recovery from the Great Recession, but the tab has risen to such tremendous proportions — fast approaching $4 trillion — that some worry the central bank ultimately could require its own taxpayer rescue.
The Fed’s total assets on its balance sheet have more than quadrupled to $3.8 trillion since 2008 amid a massive bond-buying effort. And there are few signs that the growth will stop any time soon.
That could put the finances of the world’s most powerful central bank at risk if historically low interest rates were to rise sharply — something top Fed officials said they do not expect but that critics warn is very possible.
It also could inhibit the ability of central bank officials to respond to future economic and financial crises.
“It’s really pretty cut-and-dried as far as the arithmetic goes: If you buy bonds and interest rates go up, you’re going to take a capital loss on those bonds,” said James D. Hamilton, an economics professor at UC San Diego. “The more they buy, the bigger their balance sheet, the bigger the loss they’re going to face.”
Federal Reserve policymakers meet Tuesday and Wednesday and are expected to continue purchasing $85 billion a month in low-interest-rate Treasury bonds and … READ THE REST (As stimulus tab rises for Fed, worries grow it may require a bailout; By Jim Puzzanghera; LA Times; 10/29/13 5:00 a.m.)
FHA to get $1.7 billion in its first taxpayer-funded bailout
WASHINGTON — The Federal Housing Administration dramatically expanded its role after the subprime market collapsed, but at the expense of its own finances. Now, the government agency will get a first-ever bailout of $1.7 billion.
In a letter Friday to Congress, the agency’s head said it needed money to stabilize its long-term finances and cover potential losses on the huge volume of low-down-payment mortgages it insured from 2007 to 2009.
It’s the first time the 79-year-old FHA — created during the Great Depression to keep home lending flowing — will require taxpayer funding.
And it will get the money automatically. The FHA is financed by mortgage insurance premiums charged to homeowners and has been self-sustaining through its history. But it has the authority to draw funds from the Treasury without asking Congress.
FHA Commissioner Carol Galante informed lawmakers the agency would need the money Monday, the last day of the fiscal year, to ensure it has sufficient reserves to cover anticipated losses on the loans it backs. A bailout has been expected since April, when the Obama administration’s proposed 2014 budget projected the FHA would need $943 million by Sept. 30.
But the agency asked for nearly twice that much because of a recent decline in business, caused by rising mortgage interest rates, Galante said.
Others believe the FHA will ultimately need far more. Government accounting rules mask even greater financial problems at the FHA, which … READ THE REST (FHA to get $1.7 billion in its first taxpayer-funded bailout; By Jim Puzzanghera; LA Times; 9/28/13)
Guest Post: Will The Fed Bailout China’s Financial System?
The twenty-first-century economy has thus far been shaped by capital flows from China to the United States – a pattern that has suppressed global interest rates, helped to reflate the developed world’s leverage bubble, and, through its impact on the currency market, fueled China’s meteoric rise. But these were no ordinary capital flows. Rather than being driven by direct or portfolio investment, they came primarily from the People’s Bank of China (PBOC), as it amassed $3.5 trillion in foreign reserves – largely US Treasury securities.
The fact that a single institution wields so much influence over global macroeconomic trends has caused considerable anxiety, with doomsayers predicting that doubts about US debt sustainability will force China to sell off its holdings of US debt. This would drive up interest rates in the US and, ultimately, could trigger the dollar’s collapse.
But selling off US Treasury securities, it was argued, was not in China’s interest, given that it would drive up the renminbi’s exchange rate against the dollar, diminishing the domestic value of China’s reserves and undermining the export sector’s competitiveness. Indeed, a US defense department report last year on the national-security implications of China’s holdings of US debt concluded that “attempting to use US Treasury securities as a coercive tool would have limited effect and likely would do more harm to China than to the [US].”
To describe the symbiotic relationship between China’s export-led GDP growth and America’s excessive consumption, the economic historians Niall Ferguson and Moritz Schularick coined the term “Chimerica.” The invocation of the chimera of Greek mythology – a monstrous, fire-breathing amalgam of lion, goat, and dragon – makes the term all the more appropriate, given that Chimerica has generated massive and terrifying distortions in the global economy that cannot be corrected without serious consequences.
In 2009, these distortions led Ferguson and Schularick to forecast Chimerica’s collapse – a prediction that seems to … READ THE REST (Guest Post: Will The Fed Bailout China’s Financial System? Submitted by Tyler Durden, Authored by Alexander Friedman; Zero Hedge; 8/25/13 11:19 -0500)
Why the Federal Reserve is Flooding the Market with Dollars
Sent: 11/6/2013 8:28 AM
This is why the Federal Reserve is flooding the market with dollars, they are at war………
China seeks world role for ‘people’s money’
With deals from London to Singapore, China is seeking a greater role for its yuan currency in global markets to challenge the hegemony of the almighty dollar.
The most attention-grabbing reform planned for Shanghai’s new free trade zone is free convertibility of the yuan — also known as the renminbi, or “people’s money” — an unprecedented change which would allow greater use of the currency.
But no timetable has been specified, and a true contest between Mao Zedong, Communist China’s founding father whose face is emblazoned on most yuan notes, and Benjamin Franklin on the $100 bill will be years in the making.
For decades the US has benefited to the tune of trillions of dollars-worth of free credit from the greenback’s role as the default global reserve unit.
But as the global economy trembled before the prospect of a US default last month, only averted when Washington reached a deal to raise its debt ceiling, China’s official Xinhua news agency called for a “de-Americanised” world.
It also urged the creation of a “new international reserve currency… to replace the dominant US dollar”.
For China — which has the world’s biggest foreign exchange reserves — the immediate appeal of a greater role for the yuan is lubricating trade flows and drawing foreign investment.
“Policymakers have made new efforts to increase the attraction of the renminbi in global markets,” said Capital Economics analyst Wang Qinwei.
He pointed to a deal with Britain in October allowing London-based institutions to invest directly in China — avoiding an expensive detour via Hong Kong — with an initial quota of 80 billion yuan ($12.9 billion).
A week later Beijing signed a similar 50 billion yuan agreement with … READ THE REST (China seeks world role for ‘people’s money’; By AFP; France 24; 11/6/2013)
China’s Yuan makes waves on international currency markets
Evidence the yuan is becoming truly global can be found in Rongrong Huo’s passport, which shows the HSBC banker bouncing from Switzerland to South Africa fielding inquiries from a growing number of clients on how they can trade China’s currency.
“The market potential is huge,” Huo, who heads HSBC’s yuan business development for Europe, said in an interview after returning to London from Warsaw. “Companies are asking, how can we make progress on this front? And investors are asking, how can we bring the yuan into our asset allocation? It’s encouraging to see the engagement. It’s about the future.”
Three years after China allowed the yuan to start trading in Hong Kong’s offshore market, banks and investors around the world are positioning themselves to get involved in what Nomura Holdings Inc. calls the biggest revolution in the $5.3 trillion currency market since the creation of the euro in 1999.
Daily yuan transactions surged to $120 billion in April from $34 billion in 2010, making it the ninth most-traded currency in the world, according to a September report by the Bank for International Settlements in Basel, Switzerland.
Merk Investments LLC in Palo Alto, Calif. said it’s adding “as much as” it can of offshore yuan to its $450 million of funds. Union Bank NA, a unit of Bank of Tokyo- Mitsubishi UFJ Ltd., is pushing wealthy clients to diversify their savings into yuan deposits, while CME Group Inc., the largest futures exchange, began offering trading in offshore yuan derivatives in February.
International use of the yuan is increasing as the world’s second-largest economy opens up its capital markets. In the first nine months of this year, about 17 per cent of China’s global trade was settled in the currency, compared with less than one per cent in 2009, according to … READ THE REST (China’s yuan makes waves on international currency markets; By Ye Xie, Maria Levitov and Fion Li, Bloomberg; Vancouver Sun; 11/4/13)
Edited by John R. Houk
© Tony Newbill
Intro to Stansberry’s ‘The End of Barack Obama?’
Intro by John R. Houk
Intro © October 19, 2013
Below is one of those Porter Stansberry ads that begins as a video and after you decide too much of your time has gone by you attempt to exit the webpage. Before exiting a pop-up comes asking you if you desire to “stay” on the page or “leave”. If you click stay you are actually transferred away from the one hour and a half video page to the information below.
Stansberry is selling a product. The product is (I believe – I am admitting I did not read to the end) is a subscription to some financial information that is supposed to enable you to make decent decisions on protecting yourself financially for an American and/or global economic collapse.
The ad is quite convincing on the immediate future collapse. Briefly Stansberry writes about the American Dollar losing its status as the international standard for reserve currency because of the Quantitative Easing (QE) policy of the Federal Reserve (i.e. printing money to pay government debts). Stansberry uses history and the current Communist Chinese lobbying to revoke the U.S. Dollar reserve standard as reasons to invest in Commodities such as precious metals (gold, silver, etc.), oil products and so on.
Stansberry is painting a doom and gloom picture of the economy then going for the close to convince you to subscribe to his financial information. I am not promoting Stansberry’s product; however the journey to get to his sale closing is something I have read in bits and pieces from others. You will be interested in his outlook of a coming collapse of the U.S. and global economies and why it is happening.
John R. Houk
© June 24, 2013
I wrote a blog post on June 10th entitled “I Consider Snowden a Hero-Whistleblower – For Now”. The “For Now” part has elapsed. During his stay in Hong Kong Edward Snowden provided some of those secret NSA documents over to the South China Morning Post (SCMP). The SCMP is a Hong Kong newspaper. Hong Kong is a former British Colony forced to be returned to Communist China when the lease agreement was up. Hong Kong operates autonomously BUT is still under the Red Chinese government. Hello Mr. Snowden! Communist China is not exactly on friendly terms with the USA. In fact our American government has been complaining about Chinese hackers committing cyber war against the USA. So what does Snowden do?
Snowden tells Chinese press the USA has been hacking China for years. Essentially Snowden placed his Country in an awkward position publicly. Personally I doubt Red China is so gullible and stupid not to know that we would allow a challenger to our National Interests and National Security to have an anti-American agenda go unchecked. So when Snowden reveals to the international public that which China already knows, then Snowden is providing our unspoken enemy China a diplomatic international coup against the USA. That moves Snowden from Hero-Whistleblower thinking of his fellow Americans privacy to Treasonous-Dog revealing classified info to foreign nations.
The media has managed to follow Snowden from Hong Kong to Moscow (link last updated at this post as 1:41 PM ET). Most of the media believed Snowden was going to board a Russian passenger Aeroflot jet bound for Venezuela then Ecuador. Nobody knows what has happened except Snowden did not board the Aeroflot jet. Personally I believe Mother Russia is talking to Edward Snowden to get some NSA Intel just as China has managed to do:
Experts said it was likely that the Russians were questioning Snowden, interested in what he knew about U.S. electronic espionage against Moscow.
“If Russian special services hadn’t shown interest in Snowden, they would have been utterly unprofessional,” Igor Korotchenko, a former colonel in Russia’s top military command turned security analyst, said on state Rossiya 24 television. (Excerpted from: Snowden not on flight to Cuba, whereabouts unclear; by MAX SEDDON; Associated Press; 6/24/13 1:22 PM EDT)
DEFINETLY Edward Snowden has evolved from a NSA Hero-Whistleblower exposing that our government has been spying on all Americans to a cowardly traitor that has become a double agent style spy for China and Russia. As an American traitor á la Benedict Arnold and Bradley Manning, Snowden needs to be captured and prosecuted. If a guilty verdict is given his punishment should be according to the damage he has accomplish giving classified information to China and Russia. I don’t know what that information is but if it was critical as in Julius and Ethel Rosenberg giving nuke secrets to the old USSR so that the USA would not have a monopoly on Atomic Weapons. The act was treasonous and the Rosenbergs were convicted of a Capital Crime on April 5, 2013 and were fried in the electric chair on 1953.
Below are two articles exposing Edward Snowden’s wretchedness:
By Tony Newbill
Edited by John R. Houk
© April 7, 2013
Tony Newbill has been looking for info that informs you on how a dollar collapse, economic collapse, Eco-Marxist agenda and so on will affect an American’s way of life or existence. Many of my readers may have read similar information either here or another source; nonetheless it is important to realize much of this information has swung away from uncertain Conspiracy Theory toward the realm of Conspiracy Fact.
The last item of these emails I am posting from Newbill is an exposé on privatized prisons in America. Needless to say privatized prisons as they exist today are horribly run on the scale of a third world nation and that includes juvenile imprisonment. Not only are living conditions appalling but privatized prisons are utilizing prisoners as near slave labor.
As a Conservative I believe privatized prisons sounds good as far as the taxpayer goes, but the taxpayer is not off the hook. A substantial amount of the funding comes from the government. And so since privatized prisons exist to make a profit more than house or rehabilitate unproductive criminal malcontents, profit via exploitation is reprehensible. After all America fought a Civil War over the issue of slave labor. AND I don’t have with making a profit, BUT I do have a problem with exploiting humans for modern slavery regardless if they are criminals or are persecuted for their beliefs.
Thus privatized prisons is an example for a reason to have government regulation and mandates instead of less government. Standards must be set and the staffing of the appropriate amount of Inspectors needs to be maintained and executed. Capitalism for human exploitation is evil. Capitalism for the Pursuit of Happiness for individuals and the common good is good for Americans. Slave labor and third world living conditions – especially for juveniles – is not the common good.
Surprisingly Newbill agrees with the Left in that the solution for the Crony Capitalism of privatized prisons is to shut down for profit prisons in favor of government run prisons only. That solution is tossing out the baby with the dirty bath water.
The kind of treatment that prisoners are receiving in privatized prisons should be criminalized that everyone the least prison guard on up the corporate ladder to corporate officers prosecuted for breaking the law. AND if there is not an adequate legal provisions then State and Federal legislation must get on the ball!
Enjoy this latest volume of Tony Newbill emails.
Why we are Losing our Economy UNFAIRLY!!!
Sent: 2/11/2013 11:37 PM
Right here this makes the case that the way the trade policy is designed it does NOTHING about Asian Pollution standards. Yet these exporting nations can dump their products on other nations that have strict Pollution standards. This makes for unfair production values and is why we are losing our industrial base unfairly!
WASHINGTON, D.C.– A leak today of one of the most controversial chapters of the Trans- Pacific Partnership (TPP) reveals that extreme provisions have been agreed to by U.S. officials, providing a stark warning about the dangers of “trade” negotiations occurring under conditions of extreme secrecy without press, public or policymaker oversight, Public Citizen said.
“The outrageous stuff in this leaked text may well be why U.S. trade officials have been so extremely secretive about these past two years of TPP negotiations,” said Lori Wallach, director of Public Citizen’s Global Trade Watch. “Via closed-door negotiations, U.S. officials are rewriting swaths of U.S. law that have nothing to do with trade and in a move that will infuriate left and right alike have agreed to submit the U.S. government to the jurisdiction of foreign tribunals that can order unlimited payments of our tax dollars to foreign corporations that don’t want to comply with the same laws our domestic firms do.”
Although the TPP has been branded a “trade” agreement, the leaked text of the pact’s Investment Chapter shows that … READ THE REST below the Youtube video (Leaked TPP Draft: Global Corporate Dictatorship; posted by TinFoilAddict; 6/14/13)
Here is Obama’s biggest Environmentalist Czar [John P. Holdren] and he is taking down the market with the trade policy. So right there you have to ask WHY???
(CNSNews.com) – In a video interview this week, White House Office of Science and Technology Director John P. Holdren told CNSNews.com that he would use the “free market economy” to implement the “massive campaign” he advocated along with Population Bomb author Paul Ehrlich to “de-develop the United States.”
In his role as President Barack Obama’s top science and technology adviser, Holdren deals with issues ranging from global warming to health care.
“A massive campaign must be launched to restore a high-quality environment in North America and to de-develop the United States,” Holdren wrote along with Paul and Anne H. Ehrlich in the “recommendations” concluding their 1973 book Human Ecology: Problems and Solutions.
“De-development means bringing our economic system (especially patterns of consumption) into line with the realities of ecology and the global resource situation,” Holdren and the Ehrlichs wrote.
And especially when the same group of supporters are begging this President to change this path of destruction we are on we must ask, “why – why – why???”
The World Trade Organization is a self serving and undemocratic organization that operates outside of our control. The U.S. Constitution states that all treaties made under the authority of the United States become supreme law of the land (Article VI). When our government stymied under pressure from foreign-represented lobbyists and signed the WTO treaty our government effectively weakened our sovereignty.
Our laws, regulations and administrative procedures are now open to challenge.
Since entering the WTO in 2001, trade with China has resulted in the loss of 2.8 million jobs through 2010, according to the most recent study by the Economic Policy Institute. Those fortunate enough to retain their jobs witnessed their annual earnings decrease by roughly $1,400. American workers are put in direct competition with one another as more and more employers look to offshore production to nations with lower wage rates.
Jobs losses have affected every sector of the economy in both white and blue-collar occupations. Over that time we … READ THE REST (The WTO Now Controls Our Economy, Fate and Future; Economy in Crisis)
Watch this it is Lou Dobbs on Fox Business. It’s only 5 mins
Sent: 2/12/2013 11:27 AM
[SlantRight Editor: Lou Dobb is in an interview discussing the potential reasoning for why President BHO is accruing a huge stockpile of ammunition and comparing that with BHO past speeches on building a well equipped uniformed national police force.]
Now inject This Market Traders Comments …… Karl Denninger
[SlantRight Editor: Denninger talks about an economic collapse in 2013[
Tony Newbill Response to this email I sent him:
What do you think of the idea that Russia and China are hoarding gold? The theme of an article I found on The Economic Collapse asserts that Russia and China are hoarding gold as a precursor to end the prominence of the US Dollar, the currency of exchange among the OPEC nations. In other words it is a ceasing the use of the petro-dollar.
RE: Russian and Chinese Gold
Get Far Away From USA…Its Collapse Will Be Messy… Globally, Japan Will Be The First One To Fall… This Is The Most Dangerous Time In The Human History… We Are Heading Toward A Historic Global Financial Meltdown!!
[SlantRight Editor: At this point in the article there was a video with a similar title. Youtube removed the account from which the video was embedded. Below is also a similar title but I am unsure if it was the original intended video by the author of the article.]
World’s central bankers at Davos warn cheap money’s blowing a new asset bubble. Dr. Doom, Marc Faber, “loves the high odds of a ‘big-time’ market crash.” Another, Nouriel Roubini, says “prepare for a perfect storm,” while Bond King Bill Gross sees a “credit supernova” dead ahead.
Yes, the Dow and S&P500 hit new highs. But the rally’s hiding huge risks: “GDP turns negative as U.S. economic recovery stalls,” screams one headline. Another hears a “Ticking Time Bomb.”
World’s central bankers at Davos warn cheap money’s blowing a new asset bubble. Dr. Doom, Marc Faber, “loves the high odds of a ‘big-time’ market crash.” Another, Nouriel Roubini, says “prepare for a perfect storm,” while Bond King Bill Gross sees a “credit supernova” dead ahead.
Rally? Bubble? Crash? Global? Is the economy “peaking?” Are we on a long, slow-growth downhill slide to a 1% GDP? Is our banking system infested with a soul-sickness virus? Is Adam Smith’s capitalist ideal turning against our markets and economy, accelerating the odds of more brutal competitive wars over an ever-shrinking, low-margin profits pool?
John this will cause the break away from the dollar as Argentina will defect from the dollar as settlement currency and fold in with China. I bet Argentina freezes prices to break the inflation spiral.
BUENOS AIRES, Argentina (AP) — Argentina announced a two-month price freeze on supermarket products Monday in an effort to break spiraling inflation.
The price freeze applies to every product in all of the nation’s largest supermarkets — a group including Walmart, Carrefour, Coto, Jumbo, Disco and other large chains. The companies’ trade group, representing 70 percent of the Argentine market, reached the accord with Commerce Secretary Guillermo Moreno, the government’s news agency Telam reported.
The government announced the price freeze on the first business day after the International Monetary Fund formally censured Argentina for putting out inaccurate economic data. The IMF has given Argentina until September to bring its statistics up to international standards, or face expulsion from the world body in November.
… (READ IN ENTIRETY: Argentina freezes prices to break inflation spiral; By ALMUDENA CALATRAVA; MyFoxNY.com; Posted: Feb 04, 2013 12:51 PM CST Updated: Feb 18, 2013 12:51 PM CST)
Hey take a Look at this…
Sent: 2/16/2013 9:45 AM
Hey take a Look at this … More Fascism to corrupt the economic system and an alliance to network on data mining???
Hey Wall Street Who Needs True value Growth when all you have to do is Kiss up to the State and fold into the Harness of Tyranny!!!!
It hasn’t drawn much attention, but Facebook’s first annual earnings report contains an accounting gem: a multibillion-dollar tax deduction for the cost of executive stock options and share awards.
Even though Facebook (FB) reported $1.1 billion in pre-tax profits from U.S. operations in 2012, it will probably pay zero federal and state taxes—and even receive a federal tax refund of about $429 million—according to a Feb. 14 statement from Citizens for Tax Justice.
USDA Promoting Racial Division at Taxpayer Expense
Sent: 2/17/2013 8:58 AM
Government watchdog Judicial Watch has released video footage of a sensitivity training produced by the United States Department of Agriculture, a training mandatory for USDA employees. The footage reveals the instructor telling class attendees he doesn’t like the word “minorities” but instead prefers “emerging majorities.” He also tells the class pilgrims were illegal aliens and that the “insiders” of America get nervous about the “outsiders.”
“Say the pilgrims never gave their passport to the Indians,” he said to the class while creepily asking for reinforcement of his points through chanting of “bam.” “I want you to say the pilgrims were illegal aliens.”
First off, why are taxpayers paying for sensitivity training at all and second, why is the USDA diving into diversity education?
Meanwhile, the USDA is offering Hispanics and females who felt they were discriminated against between 1981 and 2000 a $1.3 billion payday.
The Trigger has been pulled, the Crash has begun. How are things going to play out? My Take
Sent: 2/24/2013 10:52 AM
We have obviously crossed the threshold folks, things are falling apart by the day and the game of Kick the Can has at long last gone as far as it can. The rest of the World no longer has a choice, the United States is no longer the big bully on the playground who won WWII and their fingers are no longer so firmly around the throat of the planet. The long lunatic nightmare of Bernanke monetary ponzi schemes cannot continue.
It will be interesting to see what their plan is to try and switch the U.S. (and possibly the World) to a new currency system. My take?
There will be an immediate bank holiday across the board, stopping all transactions of any kind in all avenues of banking and stock markets. This will likely happen on a Friday afternoon, and there will be no warning. A temporary state of martial law will be instituted, in which people are told to basically stay at home as though they are taking a sudden ‘cheap holiday’ and things like trucking of supplies of normal groceries and the like will be the only thing still going on under strict military rules, keeping all emergency supplies of diesel available to those lines of credit used for that infrastructure. Military escorts of supply convoys will be the only thing moving on U.S. highways for perhaps several weeks until they restart the engine under the new rules. Police in all cities will be given total freedom to ‘shoot first, ask questions later’ for any deviation from total movement restriction of citizens. Examples will be made, and the media will carpet bomb the public with this message.
The U.S. will lock down the dollar (both digital and paper) to a complicated SDR basket of currencies around the World, the Canadian dollar will figure heavily in this. This will obviously include devaluation across the board of many world currencies, and some of the currencies (like our Canadian dollar) will also be strictly controlled during this time (wanna know why we care so much? 90% of our economy is still directly tied to you Yanks) The U.N. and IMF will be token heads of an emergency council that all countries of the World will have no choice but to agree to (barring a few examples in the Middle East and North Korea, Cuba, a few South American countries, etc).
Debt restructuring will be performed from top to bottom. The 1.4 Quadrillion derivatives bubble will … (READ THE REST: The Trigger has been pulled, the Crash has begun. How are things going to play out? My take…; InvestmentWatch; 2/22/13)
This is the stage in which the EU will shift to a Yuan settlement Currency, dividing the EU and USA for first time since WW2 and cause the dollar to collapse and Hyper inflation on goods and services in the USA.
They are going to demonstrate in front of the House of Representatives. People is fed up with politicians’ corruption and private debt. Far-right and far-left groups are marching along with liberals, libertarians, social-democrats, conservatives, communists, anarchists against the political corruption.
A Government’s representative has said that this demonstration is a coup d’état. Hope everything goes fine.
As EU bankers squeeze Greece beyond its ability to pay, the social consequences mount.
Unions question the wisdom of austerity as unemployment grows and a contracting economy means less tax revenue.
Greece’s austerity policies could create a crisis of insolvency within the country, undermining the very reason they were implemented – to repay the country’s debt – says the country’s biggest labour confederation.
“I am afraid that we may see a phenomenon that could cause a social explosion,” says Savvas Robolis, scientific director for the Labour Institute of the General Confederation of Workers in Greece (GSEE), the private sector’s confederation of unions. “Right now many people can’t pay their taxes. That’s why state revenue fell 300 million euros ($395m) short of January targets. If that continues, I don’t know if the state will be able to meet its obligations by June or July. It may not have the cash to pay salaries and pensions.”
The state heavily subsidises approximately 1.3 million pensions, according to finance ministry data. It also pays the salaries of almost 800,000 state employees, roughly a quarter of all people still working in the country. Failure to pay those pensions and salaries in full would greatly impact on the state’s own tax revenues, and therefore … (READ THE REST: IMPLOSION ALERT: Europe On The Verge of A Social, Political, Systemic Breakdown And The Last Remaining Hope To Save Europe Is Slipping Away; InvestmentWatch; 3/23/13)
Here is the China Yuan currency deal taking shape between EU and China:
Sir Mervyn King, Governor of the Bank of England, is on the brink of striking a deal with the People’s Bank of China which would cement the UK’s role as the leading G7 trade hub for the world’s fastest growing currency.
The Bank of England expects to sign a final agreement to set up a three-year yuan-sterling swap line “shortly”, during a meeting between Sir Mervyn and his counterpart Zhou Xiaochuan in Beijing.
European and US officials have been pressing China for years to do more to open up the yuan to market forces, saying its artificial weakness was one of the key imbalances of the global economy.
Beijing is slowly delivering, although it still keeps a tight rein on gains for the currency for fear it will weaken its export-powerhouse economy, which has been the biggest engine of global growth for a decade.
… (READ THE REST: Dollar Collapse Update: Bank of England Closes In On China Currency Deal, Fed Downplays New Bubble Worries And Already Planning QE5, G20 & IMF Push for Global Fed, Global Currency, And World’s Largest Gold Storage Dumping US Customers!! InvestmentWatch; 2/23/13)
Would the stock market be as high if this were not going on????????
Sent: 3/5/2013 9:33 AM
$253.5B—Obama Borrowed Nearly 6x as Much in February as Sequester Cuts All Year
In its Budget and Economic Outlook for Fiscal Years 2013-2023, published in February, the CBO explained that only $44 billion in planned federal spending will be cut during this fiscal year as a result of sequestration.
The CBO also says additional cuts that will be “attributable” to fiscal 2013 will actually take place “in later years”—not in fiscal 2013.
“By CBO’s estimate, budgetary resources for defense (other than spending for military personnel) will be cut by around 8 percent across the board, and nondefense funding that is subject to the automatic reductions will be cut by between 5 percent and 6 percent,” said CBO. According to that estimate, discretionary outlays will drop by $35 billion and mandatory spending will be reduced by $9 billion this year as a direct result of those procedures; additional reductions in outlays attributable to the cuts in 2013 funding will occur in later years.”
The combined $35 billion in discretionary cuts and $9 billion in mandatory cuts—or $44 billion–that will actually take place this year equal approximately one-sixth of the new debt the federal government accumulated in February.
Bottomline: In February alone, the government borrowed nearly 6 times as much as it intends to save with the sequester over the rest of the fiscal year. (READ IN ENTIRIETY: $253.5B—Obama Borrowed Nearly 6x as Much in February as Sequester Cuts All Year; By Terence P. Jeffrey; CNSNews.com; 3/4/13)
Gang way to the Global Currency war and dollar collapse
Sent: 3/9/2013 10:44 AM
The rally right now is going to cause an epic currency war of the worlds to break out very soon as food prices and defection from the dollar emerge. Last Month’s 253 Billion dollar Cash Expansion in buying t-Bills and MBS away from the banks by the Fed is a tell tale sign of just how bad things have become. This cash going into the market is fueling foreign nations’ inflation that will force them to reject the dollar. The market will ricochet like a rocket when China offers these 2 nations [Australia and New Zealand] an option to trade without the dollar as their settlement currency. Once this domino falls, it will set off a series of rejections in the EU and its OVER for the dollar as the world trade currency and we will see an explosion of inflation in the USA on existing supply. Whatever Little bit of Foreign supply we import, Oil will rocket to the point that Obama will have to declare a National emergency and nationalize the markets. The Ammo and armaments build up are for this.
Here’s a signal of how the Global Food riots will cause the breakdown of the Dollar trade currency war that’s coming. We saw it bring on the 2008 collapse and it’s here again because all the real cash investments have been consolidating into Ag related Investments over the past 4 years since the financial collapse and the Federal Reserve has accelerated this now to the point we are going to see this finale ……
The U.S. dollar is gaining marginal strength against Australian and New Zealand currencies, which makes our dairy exports slightly less competitive.
“The weakness in the Australian and New Zealand dollars is tied to potential problems with the Chinese economy,” says Jim Dunn, an agricultural economist with Pennsylvania State University.
“The Chinese government is trying to limit speculative property investment. China has been building expensive apartments and office complexes without any market to occupy these buildings for years, and this bubble might burst.”
The Australian and New Zealand economies are tied closely to exports they send to China, says Dunn. Dairy exports are crucial to both the Australian and New Zealand economies, and a loss of even a portion of the Chinese market would be felt worldwide as more Aussie and Kiwi dairy products would become available for sale elsewhere.
… (READ THE REST: Chinese Real Estate Bubble Could Deflate Dairy Markets; By Jim Dickrell, Dairy Today Editor; AgWeb.com; 3/6/13)
Allan Savory: How to green the desert and reverse climate change
Sent: 3/9/2013 1:26 PM
[SlantRight Editor: The above link is to a proprietary video on Green info and Climate Change.]
Private Profit Prisons and their Influence on Gun Rights Changes – needs Investigation NOW
Sent: 3/10/2013 10:32 AM
How does being a For Profit Detention Corporation keep from Lobbying for Reforms to say Gun Rights and or any other Constitutional Changes to create More and More Criminal traffic to increase their profits???? Think what the Possibilities are here for them to Lobby for a Mental Health Gun Law Change that would Open up the expansion of their Facilities in their Housing of a Mental Health Criminals that was for example Caught in possession of a weapon thus creating the expansion to drive up PROFITS????? I BET These people are Lobbying the Federal Government Right Now for Gun Law Changes. They are getting to draft the Mental Health Provisions that Determine a Person’s State of Mind to Possess a Gun that will make them a Potential criminal for these Profit Prisons to Capitalize on with tax Payer bailout Money from the 2008 Bailouts. Plus I bet they are getting a Capital Injection through Investment vehicles that access Federal Reserve Discount window Funding as in how the QE Spending that’s Been going on.
Corrections Corporation of America is the nation’s largest owner and operator of privatized correctional and detention facilities and one of the largest prison operators in the United States, behind only the federal government and three states. CCA currently owns and operates more than 65 facilities including 47 company-owned facilities, with a design capacity of more than 90,000 beds in 19 states … More
Biggest threat to Liberty in America and the Most Egregious form of Fascism ever seen in the USA!!!!!
Sent: 3/10/2013 12:38 PM
Here’s a ton of research that proves this is the Biggest threat to Liberty in America and the Most Egregious form of Fascism ever seen in the USA!!!!!
Private Prisons are created by corporations who are now allowed to take control of something that should remain in the governments (sic) hands… the imprisoning of its citizens. The ethical implications of this are endless and it has turned prisoners into products. Corporations have one goal… to increase revenue each year. The only way private prisons do that is by incarcerating more and more people. They do this though the typical means that large corporations use… they lobby congress aggressively and donate to politicians who will champion new legislation that assures more and more people are placed in prison.
“Private prison companies… have worked hard over the past decade to create markets for their product. As revenues of private prison companies have grown over the past decade, the companies have had more resources with which to build political power, and they have used this power to promote policies that lead to higher rates of incarceration.” (Justice Policy Institute)
HOW COMPANIES EXPLOIT INMATES
Phone companies charge astronomical rates for prisoners to call out making it difficult if not impossible for them to stay connected to family, which is imperative to their stability upon release. Dial Back Phone Rates for Prisoners
“In many state prison systems, what on the outside would be a 10-cent call costs $9.”
(Elsner, Alan (2006). Gates of Injustice: The Crisis in America’s Prisons (p. 47)
Many prisons require inmates to work, which is reasonable. However, the monitary (sic) compensation is not and neither is the exploitation that happens with “free” prison labor. Prisoner’s make pennies on the dollar, some as little as .17 cents an hour, for large corporations who prosper from free “slave” labor. (READ THE REST: Private Prisons Turn Inmates Into Commodities; A Painful Truth)
Damon Hininger, the chief executive of CCA, sounded an optimistic note when asked about the impact of reform on an investor call earlier this month, noting, “There’s always going to be a demand for beds.”
In recognition of the profits at stake, the prison companies have invested in key legislators leading the reform process—although the companies are coy about their purpose, denying that they are attempting to influence Congress’s deliberations.
Their lobbying efforts are nothing new. CCA and other large private prison companies have forged ties with political insiders by spending huge sums on lobbying firms, campaign contributions and grants to friendly think tanks. An analysis by the Associated Press last year found that the three major private prison corporations—CCA, the Geo Group, the industry’s largest two companies, along with a smaller company, the Utah-based Management and Training Corporation—spent roughly $45 million over the past decade to influence state and federal government.
The private prison industry has cultivated support from Republican leaders on immigration policy, from Senator Marco Rubio, the “face of comprehensive immigration reform,” to the right edge of the House Republican caucus, a review by The Nation has found.
Unlike other stakeholders involved in today’s process, prison companies have stayed away from the headlines, and have told reporters that they are not planning to engage.
A study by the American Friends Service Committee says privately run prisons are not cost-effective and are more difficult to monitor than state-run correctional facilities.
The Quaker advocacy group says Arizona paid $10 million more for private prison beds between 2008 and 2010 than it would have for equivalent beds in state prisons.
That report also alleges 157 security failures in the five private prison, including malfunctioning cameras, doors, and alarms; holes under fences; and broken perimeter lights and cameras.
A spokesman for the State Department of Corrections says they haven’t had sufficient time to review the report. (Report slams Arizona’s private prisons; By Sarah Cantey; wistv.com; Updated: Feb 16, 2012 9:50 PM CST)
Private Profit Prisons and their Influence on Gun Rights Changes needs Investigation NOW!
The Prison Industry in the United States: Big Business or a New Form of Slavery?
Human rights organizations, as well as political and social ones, are condemning what they are calling a new form of inhumane exploitation in the United States, where they say a prison population of up to 2 million – mostly Black and Hispanic – are working for various industries for a pittance. For the tycoons who have invested in the prison industry, it has been like finding a pot of gold. They don’t have to worry about strikes or paying unemployment insurance, vacations or comp time. All of their workers are full-time, and never arrive late or are absent because of family problems; moreover, if they don’t like the pay of 25 cents an hour and refuse to work, they are locked up in isolation cells.
“The private contracting of prisoners for work fosters incentives to lock people up. Prisons depend on this income. Corporate stockholders who make money off prisoners’ work lobby for longer sentences, in order to expand their workforce. The system feeds itself,” says a study by the Progressive Labor Party, which accuses the prison industry of being “an imitation of Nazi Germany with respect to forced slave labor and concentration camps.”
The prison industry complex is one of the fastest-growing industries in the United States and its investors are on Wall Street. “This multimillion-dollar industry has its own trade exhibitions, conventions, websites, and mail-order/Internet catalogs. It also has direct advertising campaigns, architecture companies, construction companies, investment houses on Wall Street, plumbing supply companies, food supply companies, armed security, and padded cells in a large variety of colors.”
The prison privatization boom began in the 1980s, under the governments of Ronald Reagan and Bush Sr., but reached its height in 1990 under William Clinton, when Wall Street stocks were selling like hotcakes. Clinton’s program for cutting the federal workforce resulted in the Justice Departments contracting of private prison corporations for the incarceration of undocumented workers and high-security inmates.
Private prisons are the biggest business in the prison industry complex. About 18 corporations guard 10,000 prisoners in 27 states. The two largest are Correctional Corporation of America (CCA) and Wackenhut, which together control 75%. Private prisons receive a guaranteed amount of money for each prisoner, independent of what it costs to maintain each one. According to Russell Boraas, a private prison administrator in Virginia, “the secret to low operating costs is having a minimal number of guards for the maximum number of prisoners.” The CCA has an ultra-modern prison in Lawrenceville, Virginia, where five guards on dayshift and two at night watch over 750 prisoners. In these prisons, inmates may get their sentences reduced for “good behavior,” but for any infraction, they get 30 days added – which means more profits for CCA. According to a study of New Mexico prisons, it was found that CCA inmates lost “good behavior time” at a rate eight times higher than those in state prisons.
IMPORTING AND EXPORTING INMATES
Profits are so good that now there is a new business: importing inmates with long sentences, meaning the worst criminals. When a federal judge ruled that overcrowding in Texas prisons was cruel and unusual punishment, the CCA signed contracts with sheriffs in poor counties to build and run new jails and share the profits. According to a December 1998 Atlantic Monthly magazine article, this program was backed by investors from Merrill-Lynch, Shearson-Lehman, American Express and Allstate, and the operation was scattered all over rural Texas. That state’s governor, Ann Richards, followed the example of Mario Cuomo in New York and built so many state prisons that the market became flooded, cutting into private prison profits.
After a law signed by Clinton in 1996 – ending court supervision and decisions – caused overcrowding and violent, unsafe conditions in federal prisons, private prison corporations in Texas began to contact other states whose prisons were overcrowded, offering “rent-a-cell” services in the CCA prisons located in small towns in Texas. The commission for a rent-a-cell salesman is $2.50 to $5.50 per day per bed. The county gets $1.50 for each prisoner.
Oh My God The Powerful elite in Washington that want More Power and these Private prison Corporations lobbying for More Laws that Put people behind bars will supersede Civil Rights around the edges. Given the Limited Boundaries in the New laws like the NDAA [Background on NDAA 2013 and Civil Liberties] opens the door to this Private Prison Industry to BOOM!!! This is a Bad thing for Civil Liberties to stay alive!!!!!
Corporate jails are corrupt, violent and costly. And they’re lobbying hard to get more people behind bars
While the implications of an industry that locks human beings in cages for profit is an old story, there is an important part of the history of private prisons that often goes untold.
Just a decade ago, private prisons were a dying industry awash in corruption and mired in lawsuits, particularly Corrections Corporation of America (CCA), the nation’s largest private prison operator. Today, these companies are booming once again, yet the lawsuits and scandals continue to pile up. Meanwhile, more and more evidence shows that compared to publicly run prisons, private jails are filthier, more violent, less accountable, and contrary to what privatization advocates peddle as truth, do not save money. In fact, more recent findings suggest that private prisons could be more costly.
So why are they still in business?
In a recently published report, “Banking on Bondage: Mass Incarceration and Private Prisons,” the American Civil Liberties Union examines the history of prison privatization and finds that private prison companies owe their continued and prosperous existence to skyrocketing immigration detention post-September 11 as well as the firm hold they have gained over elected and appointed officials.
Immigration Detention Saves the Day
In 1999, independent auditors were skeptical about whether CCA could stay afloat because beds were empty and the company experienced a $72 million net loss in revenue. By 2000, an article in BusinessWeek declared “the industry is in a rut, and its prospects have been severely trimmed. Overbuilding and ill-fated financial schemes have hammered stock prices. States, once eager to outsource their inmates, are backing out of private prison contracts. News of escapes and violence at private prisons adds to a climate of distrust.” The article concludes that “the industry’s heyday may already be history.”
With demand down, private prisons were forced to seek out new markets if they were to survive, so they turned to immigration detention. …
According to the ACLU report, heightened immigration enforcement following the 2001 terrorist attacks were largely responsible for resurrecting the private prison boom,…
Since 2001, CCA revenues have increased 88 percent, earning over $1 billion annually for the last eight years in a row. Today, CCA receives 40 percent of its business from the federal government, including Immigration and Customs Enforcement and the Federal Bureau of Prisons. GEO Group revenues shot up as well, from $517 million in 2002 to $1.3 billion in 2010, a 121 percent increase.
Gaming the System
Although these companies are increasingly depended on immigration detention, they have not given up on the criminal justice market. For private prisons whose profits are dependent on a constant and growing pool of prisoners, that means supporting policies that maintain and even increase the incarceration rate. For inmates, that translates to longer sentences, unsanitary conditions, and as Shapiro documents in the ACLU report, brutal violence, corruption, and abuse with little to no oversight.
“Leniency and sentencing changes actually pose a threat to business models of these companies. The more crime there is the more business private prison companies get, and the more strict sentencing laws there are the more taxpayer money is poured into private prison companies incarcerating individuals for nonviolent offenses,” says Shapiro.
In other words, a more humane criminal justice and immigration detention system threatens the very existence of these companies, and according to the ACLU report, they have flooded government at the state and federal level with cash and armies of lobbyists to keep the laws as harsh and cruel as ever.
That explains why CCA spent over $18 million on federal lobbying between 1999 and 2009 and has spent $970,000 on federal lobbying in 2010 alone. As for state government influence-peddling, the ACLU report cites a study by the National Institute on Money in State Politics which found that from 2003 to 2011 CCA hired 199 lobbyists in 32 states while GEO Group hired 72 lobbyists in 17 states.
The Justice Policy Institute (JPI) released a comprehensive report in June called “Gaming the System,” that comprehensively lays out the tactics private prison companies exercise to push for tougher sentencing policies that add to the private prison population. While their strategy is built largely around campaign contributions and lobbying, they also cultivate and maintain special relationships with current and former elected and appointed officials, which can lead to disastrous consequences.
The Human Cost
Despite numerous cases of corruption, the private prison industry continues to thrive with little oversight, largely due to a revolving door between public and private corrections that, according to Shapiro, “may contribute to the ability of some companies to win contracts or to avoid sufficient scrutiny from the corrections departments charged with overseeing their operations.”
If you’re looking for one of the reasons why the United States imprisons more people — by miles — than any other nation, you can look to the development of private prisons as a means of making some people rich. Those people spend millions of dollars to lobby elected officials to do two things: Convert government-run prisons to private prisons, and lock up more people for longer periods of time. Because that makes them even richer.
Private Prisons, Politics & Profits
Torture in US Prisons
… (READ OR VIEW IN ENTIRIETY: Private Prisons – for Profit Out of Control; apfn.org; Last updated 08/06/2011)
A State and or Federal Revenue stream should fund these facilities and their success should be based off of a Lower prison population due to an Active and Productive society and community in a State or Federal jurisdiction that’s positively productive and this leading to a Lower amount of Crime. We cannot lower crime if the society is Idle and not being self-providing and creating a self-respecting feeling of accomplishment that leads to Honor, Respect and Dignity in a people!!!! That should be the Goal of a Community organizing system. Not just getting government assistance and then the Denigration of Self-respect be what lowers self-esteem and leads to negative behavior. A person’s Ambitions and goal setting should be the Plan of setting the course of Creating a hopeful and healthy Society.
This looks like the Exact Opposite of what we as a society should be looking for in productivity in building a sustainable economy!!!
Nearly half of all immigrants detained by federal officials are held in facilities run by private prison companies, at an average cost for each detained immigrant is $166 a night. That’s added up to massive profits for Corrections Corporation of America, The GEO Group and other private prison companies:
As the AP explains, these remarkable profits come in the wake of an equally remarkable lobbying campaign. In the past decade, three major private prison companies spent $45 million on campaign donations and lobbyists to push legislation at the state and federal level. At times, this money has gone to truly nefarious legislation. A 2011 report found that the private prison industry spent millions seeking to increase sentences and incarcerate more people in order to increase the industry’s profits. … (READ IN ENTIRIETY: Private Prisons Spend $45 Million On Lobbying, Rake In $5.1 Billion For Immigrant Detention Alone; By Aviva Shen; Think Progress; 8/03/12 12:00 pm)
© Tony Newbill
Edited by John R. Houk
John R. Houk
© March 30, 2013
Below is the 51 page text of the video that pitches a subscription to Stansberry’s Investment Advisory. When you get weary of the promoted video or actually watch it to its end then “X” out of the webpage then you will get the pop-up that asks to if you desire to leave the page or stay on the page. If you choose “stay” you are transferred to the text I wrote below.
Stansberry often advertises via Conservative websites with some kind of hook similar to the “WARNING” in the opening paragraph. I am not necessarily a promoter of Stansberry’s business opportunities however the pitch leading up to the product promoted is often informative. This is one of those cases.
This huge article is something that is very informative on a perspective of the U.S. Dollar’s future viability as the global currency. Of course the essential problem appears to be the Dollar is based on debt rather than precious metals such as gold, silver and etc.
I grasp history better than economics so a little of the terms in this sales pitch is something I had to look up to understand it. For example I was clueless on the significance of the International Monetary Fund’s (IMF) creation of a back-up monetary reserve that is not an actual currency but is based on the weight of value of major nations of which currently the USA is the primary nation. This IMF back-up monetary reserve is called Special Drawing Rights (SDR):
… defined on the IMF website as,
“…an international reserve asset, created by the IMF in 1969 to supplement the existing official reserves of member countries.
The SDR is neither a currency, nor a claim on the IMF. Rather, it is a potential claim on the freely usable currencies of IMF members. Holders of SDRs can obtain these currencies in exchange for their SDRs in two ways: first, through the arrangement of voluntary exchanges between members; and second, by the IMF designating members with strong external positions to purchase SDRs from members with weak external positions. In addition to its role as a supplementary reserve asset, the SDR serves as the unit of account of the IMF and some other international organizations.” (Collapse of the Dollar – Only One “Party” can Speak the Truth; by Lee Cary; TeaParty911.com; 2/27/13 7:38 PM; READ ENTIRITY)
If you are like me you may desire a greater understanding of SDRs for it is a key component of the below essay. So for extra reading here are some links:
Stansberry’s Investment Advisory pitch. Porter Stansberry 2-2013
What you are about to read is controversial, and may be offensive to some audiences. Reader discretion is advised.
Hello. My name is Porter Stansberry.
Fourteen years ago, I founded Stansberry & Associates Investment Research. It has since become the largest firm of its kind in the world. We specialize in financial research, and serve hundreds of thousands of paid subscribers in more than 120 countries.
You may know of our firm because of the work we did over the last several years – helping investors avoid the big disasters associated with Wall Street’s collapse.
We warned people to avoid Fannie Mae and Freddie Mac, Lehman Brothers, General Motors and dozens of other companies that have since collapsed.
We even helped our subscribers find opportunities to profit from these moves by shorting stocks and buying put options. To my knowledge, no other research firm in the world can match our record of correctly predicting the catastrophe that occurred in 2008, and the rebound that has occurred since then.
The video presentation we created three years ago, to explain the financial crisis, and our thoughts on what would happen next, has become the most-watched on-line financial video in history, as far as we can tell.
But that’s not why I created this follow-up presentation.
I reference our success and experience with Wall Street’s latest crisis because we believe there is an even bigger crisis lurking –something that will shake the very foundation of America.
I know that to most people, the situation seems to be getting better. Stocks have recovered nearly all their losses. Real estate has rebounded. Unemployment and bankruptcies have dropped. But here’s the thing:
The unfortunate reality is that we are actually in a much more dangerous and precarious place today than we were five years ago.
And that is why I’ve spent a significant amount of time and money in the past few months preparing this presentation.
In short, I want to talk about a specific event that will take place in America’s very near future… which could actually bring our country and our way of life to a grinding halt.
This looming crisis is … READ FROM THIS POINT AT SlantRight 2.0