John R. Houk
© March 26, 2015
This is actually one of those hooks to get you excited about purchasing investment advice. That is not the reason for me posting. My hook was on the Conspiracy Theory title that incorporated the insinuation Russia and China would initiate a global economic collapse to the tune of $100 TRILLION of bucks. In case you are unaware, you don’t have to be a brainiac economist to comprehend that affects your pocket book and mine.
As an advice ad the offer ends on March 27. So unless you are an investor and trust the reputation of Mike Ward, you might want to hold up in participating in the hype. But what you want to be aware of is that Russia and China are NOT friendly economic competitors with the USA. I would even go so far as to say the ex-Communist Russia and the present Communist China are enemies of the United States of America.
America has a trade interest in both Russia and China (especially China). Ergo being enemies of America is a bit of a stealth nefariousness – at least in a public sense. Conspiracy Theorists, legitimate economists and National Security have been red flagging those two nations for years but for the most part the U.S. government has not really chastised the two rivals to America.
A quiet new Cold War is going on yet all nations involved are willing to embark with trade with the hopes of the economic benefits financially and economically continue.
It may sound a bit off the subject which I just began, but Muslim nations and Muslims devoted to a literal purity of Islam’s Quran are playing into this Russia-China vs. USA rivalry. Muslim nations are lining those three nations to decide which ones will benefit their National Interest and in a lot of circumstances their theopolitical world view. Syria’s Iran-supported civil war, Iraq’s war with ISIS-Daesh in which Shia-Iran is now heavily involved and Saudi Arabian economics and regional conflict with Iran and a growing lack of Saudi trust in Obama-led America in regard to oil-military alliance protection and Israel and undoubtedly more and more:
Arab nations agree on unified military force amid Yemen fighting, Egyptian TV reports (Jerusalem Post 3/26/15)
CAIRO – Arab foreign ministers agreed a draft resolution on Thursday to form a unified military force, the Arab League’s secretary general said at a meeting in Egypt.
The agreement came after warplanes from Saudi Arabia and Arab allies struck Shi’ite Muslim rebels fighting to oust Yemen’s president on Thursday, in a major gamble by the world’s top oil exporter to check Iranian influence in its backyard without direct military backing from Washington.
“The Arab … ministers agreed on adopting an important principle, which is forming the unified Arab military force,” Nabil Elaraby told reporters after the meeting in the resort of Sharm El-Sheik.
“The task of the force will be rapid military intervention to deal with security threats to Arab nations,” Elaraby added.
The draft resolution will be referred to the Arab leaders during their March 28-29 summit in Egypt.
Egyptian TV reported earlier that … READ THE REST
With Yemen in turmoil, Egypt sends warships to secure Gulf of Aden (YnetNews.com 3/26/15)
Sudan pledges air and ground troops to Saudi-led strikes on Yemen; Kerry offers logistics, intelligence support in Yemen as Iran-backed Houthi rebels advance on the Strait of Bab-el-Mandeb.
Egypt and Sudan on Thursday pledged support for the Saudi-led strikes on Iran’s Yemen allies the Houthis, even as four Egyptian naval vessels crossed the Suez Canal en route to Yemen to secure the Gulf of Aden.
Maritime sources at the Suez Canal confirmed the vessels’ route, saying they expected them to reach the Red Sea by Thursday evening.
Sudan’s Defense Minister Abdel Raheem Mohammed Hussein told reporters on Thursday that his country would take part “with air and ground troops in the Decisive Storm operations” against the Houthi rebels, saying Sudanese forces had begun “mechanical movements” towards the area of operations.
US Secretary of State John Kerry spoke with the foreign ministers of Saudi Arabia and other Gulf Cooperation Council members on Thursday and welcomed their decision to take action against the Houthi, a senior US official said.
“He commended the work of the coalition taking military action against the Houthis and noted the United States’ support for those coalition efforts – including … READ THE REST
As US lets Yemen fall, Israeli ire pales next to Arab fury (Times of Israel 3/26/15)
Jerusalem is worried by the Iran-backed Houthi takeover of Aden, but Saudi Arabia is burning with anger, and not at Tehran
A few months ago, when Yemen’s Houthi uprising was still in its infancy, Israel was already worriedly watching over the progress of rebel forces making advances in the peninsula
It’s little surprise the group got Jerusalem’s attention. In almost every demonstration held by Houthis in recent months, the slogans heard may as well have been taken straight out of the 1979 Islamic Revolution in Iran: “Death to America, death to Israel, curse the Jews, victory to Islam.”
The Houthi Zaidiyyahs belong to a Shia school of Islamic thought which is distinct from the beliefs held by Shiites in Iran, but they act in accordance with the regime in Tehran, which supplies the Yemenite rebels with advanced equipment that allows them to wage battle on the forces of President Abed Rabbo Mansour Hadi.
Firstly, an Iranian takeover of the strategic Bab el Mandeb Strait and the possibility of a Israeli ships coming under fire with no one officially taking responsibility for such attacks would not bode well for the Jewish state.
But aside from the threat of assaults on ships, the Iranian-Houthi takeover of Yemen raises another serious concern for Israel, namely, the potential rising influence of Iran in the region, which … READ THE REST
Beware ISIS strategy that fortifies Russia, Iran, and Syria (Washington Times 3/2/15)
In asking Congress to authorize the use of military force against Islamic State militants, President Obama stressed the importance of showing the world “we are united in our resolve.” Demonstration of united resolve against blood-thirsty terrorists whose ranks, ambitions and territory have grown exponentially is important. But forging strategy to battle ISIS without also forging strategy to thwart Syria, Russia and Iran is a terrible mistake.
Although the President now highlights the brutality and aggression of the Islamic State, he still whitewashes the brutality and aggression of established states Syria, Russia and Iran, and still ignores the need for grand strategy to deal with them. When nation-states escalate weapons programs, enact egregious human rights violations, foment regional chaos and war, and plot against the United States and its allies, history tells us to take it seriously.
We must, therefore, take Iran, Russia and Syria, and the collusion between them, seriously. With the apparatus of the state at their disposal and the backing of each other, they are, potentially, an even greater threat to the “free world” than ISIS. Because they are terror sponsors and supporters, WMD in their control means WMD out of control, susceptible to … READ THE REST
DIA: Islamic State Spreading Beyond Syria and Iraq (Washington Free Beacon 2/3/15)
The ultra-violent Islamic State terrorist group is expanding beyond Syria and Iraq and is establishing a foothold in Libya, which is becoming a safe haven for terrorists, the nation’s top military intelligence official told Congress Tuesday.
China, meanwhile, is deploying its aircraft carrier-killing DF-21D missile, and Russia is significantly expanding its strategic nuclear forces with new missiles, Marine Corps Lt. Gen. Vincent Stewart said in testimony to House Armed Services Committee on global threats.
Stewart presented a dire picture of growing threats in Iraq and Afghanistan—where national forces remain unable to defend their countries without foreign assistance, despite billions of U.S. dollars in support and training.
The growing threats posed by China, Russia, Iran, and North Korea are being made more difficult to deal with because of cuts in U.S. defense spending, Stewart said in … READ THE REST
After highlighting what I feel are the beginnings of WWIII you can now read the Mike Ward email that started my musings on the probable war adversaries and the tinder that will undoubtedly lead to global war. Apart from the Russia-China hook involved here the information available here is to entice to purchase a money making program called the Project Prophecy 2.0 Wealth System. The system is supposed to help you survive a global collapse inspired Russia and China to push America out as the global standard for monetary solvency.
In email portion there are about three links that will lead to a 45 minute infomercial which you can skip by reading the portion by Jim Rikards which promotes that which the video promotes.
Russia and China could Start $100 Trillion Collapse (CIA Intel Warns)
By Mike Ward
Email ad Sent by: Total Conservative
Sent: 3/24/2015 8:57 AM
Details are beginning to emerge concerning a secret attack on the U.S. economy being carried out by both the Chinese and Russian governments.
To this point, the media has kept the American people in the dark about everything.
In a shocking video, the CIA’s Financial Threat and Asymmetric Warfare Advisor has revealed we were able to fend off the first wave of this dangerous assault. But it was a close call.
However, he and many of the highest-ranking members of the U.S. Intelligence Community are now stepping forward because they fear this could quickly escalate into something terrifying.
All 16 intelligence agencies have officially released a single report that warns this situation has grown so dangerous, we could suffer “a worldwide economic collapse” that would cast us into “an extended period of global anarchy.”
And some of the world’s richest investors appear to be rushing to prepare for this frightening scenario.
Warren Buffett has now taken $55 billion of Berkshire Hathaway capital out of the markets. And George Soros has moved 16% of his net worth into a short position that shields him from an imminent Wall Street collapse.
It’s critical you understand what’s developing, because millions of Americans could soon be blindsided by a historic $100 trillion financial catastrophe…
Publisher, Money Morning
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(Until March 27, 2015)
I’m Jim Rickards, and I want to thank you for viewing my video today.
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If you are an investor the offer in this ad to date is only available until March 27, 2015 – As to this post, that is tomorrow.
The Seeds of WWIII are in Play NOW
John R. Houk
© March 26, 2015
Russia and China could Start $100 Trillion Collapse (CIA Intel Warns)
Edited by John R. Houk
Sudan: Daniel Wani & Mariem Yahya Ibrahim – Condemned to death for converting and marrying a Christian while pregnant.
I subscribe to a monthly e-newsletter entitled Religious Freedom Report. The report is sent out by the Institute on Religion and Democracy which partners with the Acton Institute. I might usually pick one article and cross post it, but all the links should pique the interests of Christians worldwide. Christians are being persecuted in huge numbers and the primary perpetrators are Muslims.
Religious Freedom Report June 2014
Sent: 6/3/2014 3:25 PM
The Religious Freedom Report is a monthly update about the persecution of the Church worldwide. It is a joint project of The Institute on Religion & Democracy in Washington D.C., and the Acton Institute for the Study of Religion & Liberty in Grand Rapids, Mich. If you do not wish to receive this newsletter, simply click the unsubscribe button on the bottom of the page. Thanks for reading.
Mariem Yahya Ibrahim, the 27-year old Sudanese Christian doctor who was sentenced to death for apostasy, gave birth to a baby girl in Omdurman Women’s Prison in Khartoum on May 27, 2014. The baby, the daughter of Ibrahim and her husband, South Sudanese naturalized American citizen Daniel Wani, may be the first American citizen to be born in a Sudanese prison.
The reason that Boko Haram believes its kidnapping of over 200 Nigerian girls is justified is because of Islamist teachings that the taking of female slaves is justified during jihad. And this jihad is not limited Nigeria. In a recent video, its leader said it is at war with Christianity and democracy.
The hundreds of Nigerian girls kidnapped by Boko Haram could face a life of misery, as slaves or child brides sold for a pittance in the markets across the globe if they are not rescued soon, humanitarian experts say.
Five Christian families have been freed after being held for more than two decades as slaves in a Muslim-run brick kiln in eastern Pakistan, Christian officials involved in the rescue operation told BosNewsLife.
North Korea has sentenced a South Korean Baptist missionary to hard labour for life for allegedly spying and trying to set up underground churches.
A Coptic Christian man in Egypt has been arrested on complaints from local Muslims that, without a permit, he has converted his home into a church and is supposedly even holding religious rituals.
Iranian-born Muslims who converted to Christianity are breathing new spiritual life into communities across Germany, where they are fleeing to in increasing numbers to escape persecution back home.
At least three evangelical Christians jailed in Iran, including a wellknown Iranian American Christian pastor, were recovering from injuries Friday, May 23, after they were mistreated by Iranian security forces, several sources confirmed.
Brunei’s devoted Christians face a potential crackdown after the sultan introduced harsh Islamic punishments, including flogging and stoning to death, but Western nations appear reluctant to intervene.
Underground Christians in Somalia are struggling to recover from the loss of a prominent church leader gunned down in March.
Within three weeks of putting his faith in Christ, a 26-year-old former Muslim in western Kenya was beaten in a mosque and later arrested without charges, Christian leaders said.
Bob Fu, a former pastor from China and founder of ChinaAid, discusses the increasing persecution of religion, especially Christianity, in China.
The Institute on Religion & Democracy – Who We Are
Welcome to the website for the Institute on Religion & Democracy. We are a watchdog of the religious and evangelical left, disputing their claims to represent millions of church members when espousing a liberal or far-left political agenda. We believe the Church should be the Church, proclaiming the Gospel, discipling believers, assisting the needy, and teaching broad principles for a better society without becoming narrowly political. Our unity as Christians is based on our faith in Jesus Christ, not positions on secular legislation.
IRD is especially committed to reforming the social witness of the churches. In 1981, IRD was founded by concerned United Methodists and other Christians distressed that denominational and ecumenical officials were openly supporting Marxist causes and opposing democracy and human rights.
We continue to monitor and report on similar egregious political shenanigans. Many church elites, often claiming to speak on our behalf, lobby for abortion rights, homosexual rights, big government, extreme environmentalism, pacifism, and anti-Americanism. IRD strives to be a voice for church members whom church bureaucrats would prefer to ignore. We connect church members with renewal groups who believe in biblical and historic Christianity. And we teach them how to work for change in their denominations—with a focus on the United Methodist Church, the Presbyterian Church (USA), and the Anglican Communion.
The IRD also has a strong commitment to international religious liberty. If the churches will not defend international religious freedom and will not speak on behalf of persecuted Christians and others around the world, then who will? Too often, church elites in the U.S. are silent about Marxist, Islamist, or other repression of religion and human rights, in favor of dialogue and accommodation. IRD believes Christians and their church leaders should be bold on behalf of those persecuted believers who cannot speak from behind their prison walls.
Finally, the IRD does … READ THE REST
Tony Newbill Emails 1/21/14 to 2/16/14
These Tony Newbill emails stretch from being wary of further radioactive junk from the Japanese Fukushima meltdown floating to the western coast of North America, Climate Change stuff, questioning Chinese regional development of oil and gas pipelines stretch from China to Europe, locations of farm animal ownership (interfering in self-reliance), Fed-Dollar collapse and a Jesse Ventura Conspiracy Theory program talking about a clandestine Illuminati facility in the Ozarks region of the USA.
Go ahead keep eating the Fish from the Pacific Ocean!!!!!!!!!
Sent: 1/21/2014 8:35 AM
International marine science organization releases report on radiation in Pacific Ocean
NaturalNews) If you’ve heard about Fukushima radiation spreading to the Pacific Coast of North America but were “corrected” by sources both official and expert that this was based more on rumor than reality, then consider the information presented at the October 2013 North Pacific Marine Science Organization (PICES) annual meeting.
Researchers from Fisheries and Oceans Canada confirmed that the radioactive plume from Fukushima is indeed reaching the shores of Canada and the United States – and was detected at least six months ago - carried both in the ocean surface water and the atmosphere on similar but slightly different courses.
In a presentation titled “Communicating the forecasts, uncertainty and consequences of ecosystem change,” (read here: http://www.pices.int) the Canadian researchers gave evidence that the bulk of radioactivity from Fukushima is shifting almost entirely from the western portion of the North Pacific (Japan) to the eastern portion (North America) over the course of the next five years. As of 2012, it had already reached the central region of the Pacific Ocean, and a previously unpublished map shows that, as of 2013, it had reached the shores of Alaska and British Columbia, with the most intense area of the plume yet to arrive.
The Fall 2013 discussion centered around competing calculations of the severity of effects from cesium-137, based around two differing models of the radiation’s trajectory. The first, published by German researcher Erik Behrens and his colleagues at the Helmholtz Centre for Ocean Research in 2012, drastically understates the potential dangers, predicting only modest levels of 2 becquerels per cubic meter (Bq/m^3) by 2015 for the 49th parallel near British Columbia and Washington state – scarcely above the background levels from the continued fallout of Chernobyl.
Meanwhile, the second, published by Vincent Rossi and other colleagues from the Climate Change Research Centre in 2013, presents a much more consequential picture. It predicts alarming maximum levels reaching … READ THE REST
EPA News Misleads Readers
Sent: 1/22/2014 9:58 AM
Associated Press caught ‘restructuring’ old EPA news to mislead readers; mainstream media blindly plays along
(NaturalNews) Four days ago, the Associated Press reported that coal-fired power plants are dumping enormous quantities of pollutants into U.S. waterways. According to the Associated Press, the EPA says that coal-fired power plants are dumping nearly 2 million pounds of aluminum, 79,000 pounds of arsenic, 64,000 pounds of lead and even 2,820 pound of mercury each year into U.S. waterways.
There’s only one problem with all this reporting: nobody bothered to check their sources.
The original AP story turns out to have been “restructured” from old news, packaged to appear like breaking news for 2014 even though it actually traces back to 2009 (see below). AP actually featured the story in its “Big Story” section which implies that … READ THE REST
Real Reason China has Obscure economics
Sent: 1/27/2014 9:06 AM
Is the Real Reason China has Obscure economics showing up today is because of this …… they have been hiding their Real manufacturing of a Iranian Pipeline that will challenge the Dollar as Worlds Trade Currency????
Iran’s Islamic pipeline a mad man’s dream
By Mansour Kashfi
The Islamic Republic of Iran, after encountering frequent disqualification in its efforts to be a reliable partner in the international arena, specifically in oil, gas and pipeline transactions, is now entering a fresh game in delivering natural gas to Europe, in spite of the heavy sanctions imposed by the United Nations, United States, and European Union.
Only this time around it is trying to team up with the Islamic Arab states, bypassing its old trade partner Turkey. However, the ultimate goal still is the same – delivering Iranian natural gas via pipeline to Europe, a dream that has frequent failing records.
A memorandum of understanding was signed between the Iran and Turkey in July 2007 to transfer Iranian and Turkmen gas to Europe via Turkey. At that time the Iranian minister of petroleum, Qolamhosein Nozari, told reporters that “deliberations would be held in the coming weeks on management of the South Pars natural gas region and transportation of Iranian gas to Europe via Turkey.”
According to the accord, Turkey would have … READ THE REST
Iran urges Pakistan to build its own section of gas pipeline
Iranian Oil Minister Bijan Namdar Zanganeh asked Pakistan on Sunday to build its own section of natural gas pipeline.
“Big volume of gas is (ready for delivery) near the Pakistan border,” Zanganeh was quoted as saying by SHANA website affiliated to Iran’s Oil Ministry.
Pakistan should build its own section of the pipeline, he said, adding that “In case Pakistan takes action to construct the pipeline on its soil, the project will be completed” and Iran’s gas will flow into the neighboring country.
On Oct. 30, Zanganeh said Iran was not hopeful about exporting its natural gas to the neighboring state of Pakistan “because the conditions set by the Pakistani government has made export of Iranian gas to Pakistan unlikely.”
By his remarks, the Iranian oil minister was alluding to the earlier reports which said that Iran’s southeastern neighbor had asked the Islamic republic to finance on the gas pipeline to be built on Pakistan soil.
The local reports said Pakistan had asked Iran for financing of 2 billion U.S. dollars to construct 780-km gas pipeline on its soil.
On Thursday, Pakistan Minister for Petroleum and Natural Resources, Shahid Khaqan Abbasi, said … READ THE REST
Myanmar pipeline to diversify China energy supply
China has started receiving natural gas from Myanmar through an 800 km-long pipeline project. The opening of the pipeline on Sunday was hailed by State media here as a landmark step towards diversifying China’s energy supply routes.
The gas pipeline, which can transport 12 billion cubic metres annually, runs from Kyaukpyu to Ruili in southwestern Yunnan province, which borders Myanmar. China is also building an oil pipeline that will bring 22 million tons annually to Yunnan when completed.
The official Xinhua news agency said the opening of the gas pipeline had “substantially changed the strategic map of China’s energy supply channels” by alleviating what officials have described as the “Malacca dilemma” of being dependant (sic) on an energy route through the narrow straits.
“At present, as many as 80 per cent of China’s oil imports depend on the supply line going through the Malacca and Singapore straits, while the maritime route is patrolled by fleets headed by the U.S. navy,” the Xinhua commentary said.
Six companies, including India’s GAIL and firms from South Korea and Myanmar, were involved in the construction of the pipeline.
Chinese State media hit … READ THE REST
Iran–Pakistan gas pipeline
The idea was conceived by a young Pakistani civil engineer Malik Aftab Ahmed Khan in mid-1950s, when an article of his was published by the Military College of Engineering, Risalpur. The article Persian Pipeline also mentioned the method for its protection along the hostile territory by establishing mini battalion-size cantonments along its proposed route through Baluchistan/Sindh.[ 3]The project was conceptualized in 1989 by Rajendra K. Pachauri in partnership with Ali Shams Ardekani, former Deputy Foreign Minister of Iran. Pachauri proposed the … READ THE REST
Iran to build 220-km natural gas pipeline to Iraq
Updated: 2012-05-05 19:02
TEHRAN – Director of Iran Gas Engineering and Development Company said that Iranian localcontractors will build a 220-km natural gas pipeline to Iraq, the semi-official Mehr news agency reported Saturday.
A total of $450 million will be invested in the construction of the pipeline to transport Iran’snatural gas to neighboring Iraq, Alireza Gharibi told Mehr.
The construction design of project has been finished and the pipeline will be built by … READ THE REST
‘Islamic gas pipeline’ is considered to become a rival to Nabucco and South Stream pipeline’s future rival
Balkan Business News Correspondent – 25.07.2011
In a major development, the so called ‘Islamic gas pipeline’ came into effect from Monday after Iran, Iraq and Syria inked a deal to build the pipeline, first such deal to export gas from Islamic countries to the West.
As per the 10-billion-dollar project, Iran’s Natural Gas would be exported to Europe through Iraq, Syria and Lebanon via a 5,000 km pipeline from Assaloyeh to Damascus with transfer capacity of 110 million cubic meters of natural gas per day.
At present, construction of 661 kilometers of the pipeline is completed but … READ THE REST
Fascist Infection in both Private and Public Sectors
Sent: 1/29/2014 7:27 AM
What we have is a Fascist Infection in both Private and Public Sectors of our Nation’s economic and regulatory framework!!!!!!!
Here is the PROOF!!!!!!!!
A Ban On Owning Farm Animals? Michigan Is Considering It
Keeping even one “farm animal” in residential neighborhoods could soon be illegal in Michigan. That’s because a proposed change to state regulations could strip property owners of the right to keep and raise small numbers of poultry or livestock.
Michigan’s Right to Farm Act currently extends to all property owners in the state, including those in areas zoned residential or commercial. The state Agricultural Commission is considering a change to the regulations – called Generally Acceptable Agricultural And Management Practices (GAAMPS) — that would strip property owners of that right.
“It would exclude a whole bunch of people who are seeking Right to Farm protection,” Randy Buchler of the Michigan Small Farm Council said of the proposal, “and strip the small farmers of their right to be protected by a state law.”
The change would … READ THE REST
A lack of Free Market Competition and Constant Merging of the Healthcare market by Medical Institutions just like we see in all Free Enterprise Private sectors of the Free Market Economy is why we see this BLEEDING OUT OF THE INDIVIDUALS’ HOPES AND DREAMS!!!!!
THIS IS A WAR FOR YOUR SOUL!!!!!!!!
Mooresville patient stunned by $89,000 charge for 18-hour hospital stay
How much should it cost to treat a snake bite?
It’s hard to know given the lack of transparency in hospital pricing and billing today. But Laura and Eric Ferguson, both 54, of Mooresville, believe they were overcharged for his trip to the emergency room last year.
Eric Ferguson was taking out the trash one evening in August when he felt what he thought was a bee sting. When he looked down at his foot, he was surprised to see fang marks. He drove himself to Lake Norman Regional Medical Center about 15 miles from his home, where he received anti-venom medicine for the snake bite.
For an 18-hour hospital stay, he got a bill for $89,227. More than $81,000 was for the four-vial dose of anti-venom, or about $20,000 per vial.
Shocked at the amount, the Fergusons went … READ THE REST
Free Enterprise Capitalism Survival
Sent: 2/4/2014 4:26 PM
How Will Free Enterprise Capitalism survive this Ideology, one that President Obama shares with the Climate Change Philosophy?
Part 17: Series On Overpopulation In America—the garbage-waste conundrum
February 3, 2014 18:22
With a population of 319 million people in 2014, the United States generates 4.5 pounds of trash per person 24/7.
[Blog Editor: An enumerated list of unimaginable trash often in tons follow.]
And to think that America will add another 138 million people by 2050—a scant 36 years from now. The world will add another 3.1 billion in that time.
Somewhere down the line, Mother Nature will kick our rear-ends back to the Stone Age.
If you would like to make a difference, please join these organizations for the most effective collective action you can …
[Blog Editor: The rest of the article are website locations to visit if you want to be an anti-garbage activist.]
Did you know about this bank drill???????
Sent: 2/7/2014 10:11 AM
Either the new Federal Reserve Chairman Janet Yellen is a prepper, or there is something afoot in the world of banking. If she is a prepper, I missed any indication of that in her background. Bankers typically talk in terms of contingency plans and liquidation programs, not prepping for disasters.
In January of this year, Supervisory Regulation (SR) 14-01 was issued in regarding the need for bank preparedness particularly for the eight bank holding companies (BHCs) in the United States. According to the memo, there are eight Bank Holding Companies that appear to be at risk and that risk threatens the financial stability of the United States. These eight companies are Bank of America Corporation, Bank of New York Mellon Corporation, PLC, Citigroup Inc., Goldman Sachs Group, Inc., JPMorgan Chase & Co., Morgan Stanley, State Street Corporation, and Wells Fargo & Company.
The memo, dated January 24, was the first one of the year. It was sent from Michael Gibson to the top banks to stress increased supervisory expectations. Gibson stated,
“… the Federal Reserve is issuing this letter to clarify the heightened supervisory expectations for recovery and resolution preparedness for the eight domestic bank holding companies that may pose elevated risk to U.S. financial stability. “
Shortly after the “increased supervision” of the big eight, customers at other “not eight” banks started getting notices of bank drills where services will be limited. One example is … READ THE REST
DOW Could Drop 7000 Points Due to Fed Tapering
Sent: 2/10/2014 9:36 AM
Now You Can Panic: Economist Withdraws All of His Money from Bank of America
By John Galt
January 31, 2014
Care to start a bank run?
Uh, no, that’s illegal. But according to an economist at the same school our Illegal Alien in Chief attended, Harvard University, it might be wise to do so. The PBS article from yesterday should cause everyone to take a moment and pause to reflect:
Excuse me? It isn’t safe? Bush-Bernanke-Bimblette all lied? No way? From the article:
Terry Burnham, former Harvard economics professor, author of “Mean Genes” and “Mean provocative poster on this page and long-time critic of the Federal Reserve, argues that the Fed’s efforts to strengthen America’s banks have perversely weakened them. (See our 2005 segment with Burnham below about how “lizard brains” influence our economic decisions.)
Last week I had over $1,000,000 in a checking account at Bank of America. Next week, I will have $10,000.
Why am I getting in line to take my money out of Bank of America? Because of Ben Bernanke and Janet Yellen, who officially begins her term as chairwoman on Feb. 1.
Before I explain, let me disclose that … READ THE REST
Obama’s MyRA Scam: Your Savings Pays for US Debt
Obama’s MyRA Scam: Your Savings Pays for US Debthttp://www.wholesaledirectmetals.com/index.php/gold-blog/609-obamas-myra-scam-your-savings-pays-for-us-debt/?cid=RedstateSponsored
In one of the most shocking State of the Union Addresses in recent memory, President Obama announced he will create a new kind of retirement account – the MyRA – which uses your retirement savings to buy U.S. Treasures and pay for U.S. debt. Obama’s announcement follows a number of startling events which demonstrate how desperate the government is becoming: with nowhere else to turn, the government is making a last-ditch effort to seize personal savings & retirement to fund the nation’s insurmountable debt. And there’s only ONE thing you can do to stop it from happening.
The Government Needs A New Source for Funds
The U.S. debt, not including unfunded liabilities, is over $17 trillion dollars. And the U.S. Treasury estimates our debt to go over $28 trillion by 2018! In order to finance this debt, the Federal Reserve has been buying 90% of the U.S. Treasury market through money-printing stimulus, to the tune of $80 BILLION per month for the last several years. And we all know that the Fed has begun tapering its stimulus program because they can no longer afford to fund the national debt.
So if the Fed is going insolvent, who do you think the government will lean on to pick up the slack? The answer is YOU. 10,000 Baby Boomers will turn 65 years-old every day until 2030. And while the government has a debt problem of $17 trillion, not so coincidentally, our country’s IRAs, 401Ks and other retirement accounts amount to right around $19 Trillion. What a convenient resource for the Federal Government!
So the federal government is licking its chops staring at … READ THE REST
DOW Could Drop 7000 Points Due to Fed Tapering
DOW Could Drop 7000 Points Due to Fed Taperinghttp://www.wholesaledirectmetals.com/index.php/gold-blog/610-dow-could-drop-7000-points-due-to-fed-tapering/?cid=RedstateSponsored
Since early 2009, the Fed’s QE programs have dumped over $4 trillion into toxic assets and U.S. Treasuries in a desperate attempt to bail out the banking industry. The Fed’s extreme actions have only served to pump up banking reserves by $2.2 trillion and increase the money supply in circulation by a jaw-dropping $400 billion! So, where has all this money gone? The answer: since the exact moment the Fed began its QE programs, the DOW exploded by a staggering 9,000 points! So now that the Fed has begun tapering its QE programs, what does this mean for the DOW and other paper markets that have been artificially inflated by the Fed? Many experts now predict a 7,000-point collapse in the DOW by the time the Fed finishes tapering. That’s why the smart money is flocking away from the stock market and into the ONE asset that protects savings & retirement when the paper markets collapse.
The Stock Market Before Fed Stimulus
After the collapse of the stock market in 2008, the Fed and the U.S. government were desperate to bail out the banking industry. No bankers went to jail, nor did the powers-that-be change how the banks do business in order to prevent this disaster from ever happening again. Instead, the Fed concocted a master plan to … READ THE REST
Experts Predict Imminent Collapse of U.S. Dollar
For the last 600 years, there have been six different global reserve currencies controlled by world superpowers. The latest – the U.S. dollar – has dominated world currency for over 80 years. The alarming fact is, global reserve currencies have collapsed every 80-90 years for the last six centuries! What does this mean for America and the dominance of the U.S. dollar? Based on recent evidence and long-standing historical trends, experts predict the imminent collapse of the U.S. dollar! What’s more alarming? Many Americans aren’t yet doing the one thing that will save their savings & retirement from U.S. dollar collapse.
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value [with paper currency].
– Alan Greenspan
The Crisis Generation
600 years of human history has shown that the average lifespan of a global reserve currency is equal to a “saeculum” – or “human lifetime” – of about 80-90 years, broken down into four 20-year generations. The best-selling book, “The Fourth Turning,” goes through history and demonstrates this 4-phase evolution:
1) First generation: High – This is an era when institutions are strong and society is confident about where it wants to go. America’s most recent First Turning was the post-World War II American High, beginning in 1946 and ending with the assassination of President John F. Kennedy.
2) Second generation: Awakening – This is an era when institutions are attacked in the name of personal and spiritual autonomy. People suddenly tire of social discipline and want to recapture a sense of personal authenticity. America’s most recent Awakening was the “Consciousness Revolution,” which spanned from the campus and inner-city revolts of the mid-1960s to the reelection of Ronald Reagan.
3) Third generation: Unraveling – This is an era when institutions are weak and distrusted, while individualism is strong and flourishing. America’s most recent Unraveling was the Long Boom and Culture War, beginning in the mid-1980s and ending in the late 2000s.
4) Fourth generation: Crisis – This is an era in which institutional life is destroyed and rebuilt in response to a perceived threat to the nation’s survival. America’s most recent Fourth Turning began with the stock market crash of 1929 and climaxed with the end of World War II.
America is now in this fourth “crisis” phase, about 80-90 years from the beginning of the first phase. It is in this “fourth turning” crisis that institutional life will be torn down and rebuilt from the ground up. This rebuilding is … READ THE REST
Facility Built with Taxpayer – What’s its Purpose
Sent: Sun 2/16/2014 11:18 AM
Does anyone have News on this facility that’s been built with TAXPAYER money and what it is for??? Go to frame 35:00 and watch it forward and please tell me what this is going to be for. And Why haven’t we the people been kept informed about why and what Our TAXPAYER Money is being used on this for?
VIDEO: Conspiracy Theory Jesse.Ventura.S03E04.Ozarks
Posted by elixis28
Published: Dec 15, 2012
Edited by John R. Houk
© Tony Newbill
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.