sabato 19 novembre 2011

Does the European Union have an Expiry Date?

Does the European Union have an Expiry Date? 
RT, 19 November, 2011, 18:47

AFP Photo / Dimitar Dilkoff

AFP Photo / Dimitar Dilkoff


A veritable re-engineering of the entire planet has been taking place in front of our eyes for many decades now. However, since it is gradual, most people do not notice or understand what is happening.
Just like the proverbial frog that if thrown into boiling water painfully jumps out and survives, but will be cooked and die if thrown into lukewarm water where the heat rises one degree every 5 minutes…
What goes under the name of “New World Order”, “Globalization” or (my favourite) “World Government” describes the long-term objectives of a highly powerful Global Power Elite embedded inside every country, notably the US and Europe, that owns, operates and channels every country’s resources – oil, finance, economic strength, military prowess, natural resources – from inside to promote their supranational agenda.
This highly complex, holistic and extensively planned process helps explain much (if not all) of the on-going violence, chaos and injustice we see in the realms of finance, politics and the economy.  But good strategic planning also requires experimentation, trial and error, scenario building and war games.
My native country, Argentina (and Latin America as a whole), have been repeatedly used for such “experimentation”, as happened here ten years ago when the international banking cartel aligned to the IMF/World Bank, US Treasury Department, rating agencies and the “qualified” mainstream media, worked together to collapse Argentina’s financial and monetary system, but at the same time managed to save all their banks that operated in the country.
Argentines saw their money locked up in the banks, their Dollar deposits were arbitrarily changed into local devalued pesos at fraudulent rates of exchange as local Caretaker Governments (to this very day) take measures always aligned to local and international banker interests.
The results for Argentina?  GDP fell by 40% in 2002; 50% of our population fell below the poverty line (most never made it back up again); violence and death on our streets, foreclosures, bankruptcies, full-fledged social war (that stopped just short of civil war) and yet…. not one single bank folded!
If we fast-forward to Greece, Ireland, Italy, Spain, the US, UK, Portugal and Iceland today, we see the same scene over and over again.  Clearly, not mistakes made by specific governments, but a veritable model designed to control whole nations imposing unnecessary and fraudulent public debts.
One of the key lessons they learned in Argentina was how to control “We the People” through PsyWar (Psychological Warfare) exerted by the controlled media so that the population ends up accepting all the hardship, whilst the banker and government perpetrators get to keep all the money and stay in power.
I wonder whether the European Union might not be a similar experiment but on a much vaster and grander scale?  An experiment on how to bring very different countries with different languages, legal systems, cultures, histories of war and hatred amongst them, all under a straight-jacket of bureaucratic union that increasingly sweeps away national sovereignties?   A sort of “How To” on promoting voluntary submission by the EU’s 27 member states to accept one legal bureaucracy, one parliament, one unelected president, one military force, one flag, and one currency…
What lessons are Globalists learning from the troubles of the EU?  Are today’s growing Euro-woes a reflection of the fact that, after more than half a century of Euro-building we now see the controlled demolition of the EU in order to (re)build it into something new? Perhaps, “moulding it into something closer to their heart’s desire”, as the old 19th Century British Fabian Society urging gradual socialist world government once envisioned?
Is the EU an intermediate stage on the “Hard Road to World Government” suggested by Council on Foreign Relations member Richard Gardner in a seminal April 1974 article in “Foreign Affairs”?  A stage in which legal, political, trade, financial, social, cultural, media, monetary, military and so many, many other complexities have been iron-out, re-designed and re-tooled to serve a “greater purpose”?
Will we soon see the break-up of the Euro, not as an unfortunate “accident” but as a planned mega-process which (together with the hyper-inflated US Dollar) will be allowed to tailspin into a controlled collapse only to be replaced by a new global currency issued and managed by Global Power Elite private interests from a coming world central bank of some sort?  Does the EU have an Expiry Date?
The Vatican, always well informed, seems to think so as we see from their recent call for revamped global institutions; a sure sign that the old men who walk the Vatican Corridors are again reserving their place under the coming sun…
The controlled collapse of the Euro (through its break-up) and of the US Dollar (through inflation) coupled with a suitably engineered version of the “Arab Spring” for Europe, the US and others, that further erodes national sovereignties on a planetary scale, fuelled by controlled sequential wars and supported by increasing PsyWar emanating from the Western media monopolies…
All just one big mistake or merely different views of the same planetary Leviathan bent on imposing World Government on us all?

Adrian Salbuchi for RT

Adrian Salbuchi is a political analyst, author, speaker and radio/TV commentator in Argentina (www.asalbuchi.com.ar)

This is it, folks



This is it, folks - our last chance to make the New York Times bestseller list - we're doing well - but we want to slam it - we want to make sure that people can't miss Vultures' Picnic when they go on Amazon, walk into stores and browse at airports. 

Let's make sure the media can't ignore our book. 

If you already bought it THANK YOU. Really, we can't thank you enough. But we're going to ask one more thing, think of your family. The Holidays are coming up - Vultures' Picnic will make a great Xmas or Hanukkah present for that Uncle you'll end up arguing about #OccupyWallStreet with.

Besides being stuffed with tons of info and investigations on the 1%, Vultures' Picnic also happens to be "Sardonically funny and entertaining ", as one of our readers aptly described it.

If you read my columns, watch my BBC or Democracy Now! reports, you're just getting the news appetizers. The whole enchilada, the whole book, is tastier than you can imagine.

Go to Amazon.com and Barnes & Noble right now and write a review - a marketing friend of ours - and one of our biggest supporters - tell us that real people's testimonials have the biggest effect on people's buying habits. Celeb's are great and all (Bobby Kennedy Jr. says "Genius. A real-life spy novel"; but we want to hear what YOU think - and we need YOU to spread the word.

We don't have the budget to advertise like the 1% do.

But we have YOU - our army - to go to FacebookTwitter whatever to spread the word about Vultures' Picnic - send your friends the excerpts herehere and here

Thanks for everything - and remember you're the reason why we can do what we do - you're our Peoples' Mic - now move your fingers and spread the word.

#OccupyTheTruth

***

Greg Palast is the author of Vultures' Picnic: In Pursuit of Petroleum Pigs, Power Pirates and High-Finance Carnivores, released on November 14 by Penguin USA.Order it now! And I'll send you, as a thank-you, no charge, a private link to see ALL FIFTEEN FILM SHORTS and two audio tracks that are embedded in the "amplified" or "enhanced" versions. Check out a couple.

For more information about Palast's brand new book and his book-signing events in your city click here

Ford library confirms Fed letter tying Germany to gold price suppression


Ford library confirms Fed letter tying Germany to gold price suppression
Submitted by cpowell on Fri, 2011-11-18 22:12. Section: Daily Dispatches
5:16p ET Friday, November 18, 2011

Dear Friend of GATA and Gold:

Thanks to our friend A.F. in Australia, the Gerald Ford Presidential Library in Ann Arbor, Michigan, has confirmed the authenticity of the letter written to the president by Federal Reserve Board Chairman Arthur Burns on June 3, 1975, revealing the participation of the West German central bank, the Bundesbank, and the chancellor of West Germany at that time, Helmut Schmidt, in the international gold price suppression scheme.

The Burns letter long has been cited by GATA among its proofs of the scheme, and it was cited in an essay by the German journalist Lars Schall, distributed by GATA on November 13, about his unsuccessful effort to obtain comment about the letter from Schmidt:

http://www.gata.org/node/10668

The letter itself can be found here:

http://www.gata.org/files/FedArthurBurnsOnGold-6-03-1975.pdf

The e-mail from the Ford library confirming the authenticity of the letter is appended.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
*******************************

Dear A.F.:

This is in response to your e-mail of November 15, 2011, concerning the authenticity of the June 3, 1975, memorandum from Federal Reserve Board Chairman Arthur Burns to President Ford located at the Gerald R. Ford Presidential Library in Ann Arbor, Michigan.

I can confirm that the original copy of the seven-page memorandum from Chairman Burns to President Ford is among our holdings at the Ford Presidential Library. It is open to the public and available to any on-site researcher who might request to view it in our research room.
Here is its exact file location:

White House Central Files, FI - Finance, FI 9 Monetary Systems, Box 23, Folder FI 9 1/16/75-6/30/75.

This is the link to the FI-Finance finding aid from our website.

See FI 9: Monetary Systems.

http://www.fordlibrarymuseum.gov/library/guides/Finding%20Aids/WHCFFI.HTM

The declassification of this document is as follows:

In 2004, a researcher submitted a request to Ford Library Mandatory Review Archivist Donna Lehman for declassification review of the document. Mrs. Lehman accurately determined that the Federal Reserve Board and the Department of State were the equity holders for this document.

Review decisions by both the FRB and State Department resulted in the document being declassified in full, and the document was marked accordingly by Mrs. Lehman on June 28, 2005 -- hence the initials "dal" on the declassified stamp -- and placed in the open WHCF-Finance, FI 9 file.

I also want to clarify a possible discrepancy concerning when the document was actually declassified and opened at the Ford Library. In his September 29, 2009, Internet article on the website EconomicPolicyJournal.com, Robert Wenzel indicated I stated that the Burns memo to President Ford was not declassified until September 15, 2009. At that time, in confirming the existence of the Burns memo to Mr. Wenzel via telephone, I located a photocopy of it in another open collection within our holdings, the Arthur Burns Papers (Box B52, FRB Subject File, Folder: Gold, June 1975). This photocopy of the memo within the Arthur Burns Papers was marked for declassification and released on September 15, 2009.

If you have any further questions, please contact us via e-mail.

Thank you for your interest in the Gerald R. Ford Presidential Library.

Sincerely,

Mark Fischer, Archivist
Gerald R. Ford Presidential Library
1000 Beal Avenue
Ann Arbor, Michigan 48109
Phone: 734-205-0558

BCM Has Ceased Operations


BCM Has Ceased Operations
Posted by Ann Barnhardt – November 17, AD 2011 10:27 AM MST

Dear Clients, Industry Colleagues and Friends of Barnhardt Capital Management,

It is with regret and unflinching moral certainty that I announce that Barnhardt Capital Management has ceased operations. After six years of operating as an independent introducing brokerage, and eight years of employment as a broker before that, I found myself, this morning, for the first time since I was 20 years old, watching the futures and options markets open not as a participant, but as a mere spectator.

The reason for my decision to pull the plug was excruciatingly simple: I could no longer tell my clients that their monies and positions were safe in the futures and options markets – because they are not. And this goes not just for my clients, but for every futures and options account in the United States. The entire system has been utterly destroyed by the MF Global collapse. Given this sad reality, I could not in good conscience take one more step as a commodity broker, soliciting trades that I knew were unsafe or holding funds that I knew to be in jeopardy.

The futures markets are very highly-leveraged and thus require an exceptionally firm base upon which to function. That base was the sacrosanct segregation of customer funds from clearing firm capital, with additional emergency financial backing provided by the exchanges themselves. Up until a few weeks ago, that base existed, and had worked flawlessly. Firms came and went, with some imploding in spectacular fashion. Whenever a firm failure happened, the customer funds were intact and the exchanges would step in to backstop everything and keep customers 100% liquid – even as their clearing firm collapsed and was quickly replaced by another firm within the system.

Everything changed just a few short weeks ago. A firm, led by a crony of the Obama regime, stole all of the non-margined cash held by customers of his firm. Let’s not sugar-coat this or make this crime seem “complex” and “abstract” by drowning ourselves in six-dollar words and uber-technical jargon. Jon Corzine STOLE the customer cash at MF Global. Knowing Jon Corzine, and knowing the abject lawlessness and contempt for humanity of the Marxist Obama regime and its cronies, this is not really a surprise. What was a surprise was the reaction of the exchanges and regulators. Their reaction has been to take a bad situation and make it orders of magnitude worse. Specifically, they froze customers out of their accounts WHILE THE MARKETS CONTINUED TO TRADE, refusing to even allow them to liquidate. This is unfathomable. The risk exposure precedent that has been set is completely intolerable and has destroyed the entire industry paradigm. No informed person can continue to engage these markets, and no moral person can continue to broker or facilitate customer engagement in what is now a massive game of Russian Roulette.

I have learned over the last week that MF Global is almost certainly the mere tip of the iceberg. There is massive industry-wide exposure to European sovereign junk debt. While other firms may not be as heavily leveraged as Corzine had MFG leveraged, and it is now thought that MFG’s leverage may have been in excess of 100:1, they are still suicidally leveraged and will likely stand massive, unmeetable collateral calls in the coming days and weeks as Europe inevitably collapses. I now suspect that the reason the Chicago Mercantile Exchange did not immediately step in to backstop the MFG implosion was because they knew and know that if they backstopped MFG, they would then be expected to backstop all of the other firms in the system when the failures began to cascade – and there simply isn’t that much money in the entire system. In short, the problem is a SYSTEMIC problem, not merely isolated to one firm.

Perhaps the most ominous dynamic that I have yet heard of in regards to this mess is that of the risk of potential CLAWBACK actions. For those who do not know, “clawback” is the process by which a bankruptcy trustee is legally permitted to re-seize assets that left a bankrupt entity in the time period immediately preceding the entity’s collapse. So, using the MF Global customers as an example, any funds that were withdrawn from MFG accounts in the run-up to the collapse, either because of suspicions the customer may have had about MFG from, say, watching the company’s bond yields rise sharply, or from purely organic day-to-day withdrawls, the bankruptcy trustee COULD initiate action to “clawback” those funds. As a hedge broker, this makes my blood run cold. Generally, as the markets move in favor of a hedge position and equity builds in a client’s account, that excess equity is sent back to the customer who then uses that equity to offset cash market transactions OR to pay down a revolving line of credit. Even the possibility that a customer could be penalized and additionally raped AGAIN via a clawback action after already having their customer funds stolen is simply villainous. While there has been no open indication of clawback actions being initiated by the MF Global trustee, I have been told that it is a possibility.

And so, to the very unpleasant crux of the matter. The futures and options markets are no longer viable. It is my recommendation that ALL customers withdraw from all of the markets as soon as possible so that they have the best chance of protecting themselves and their equity. The system is no longer functioning with integrity and is suicidally risk-laden. The rule of law is non-existent, instead replaced with godless, criminal political cronyism.

Remember, derivatives contracts are NOT NECESSARY in the commodities markets. The cash commodity itself is the underlying reality and is not dependent on the futures or options markets. Many people seem to have gotten that backwards over the past decades. From Abel the animal husbandman up until the year 1964, there were no cattle futures contracts at all, and no options contracts until 1984, and yet the cash cattle markets got along just fine.

Finally, I will not, under any circumstance, consider reforming and re-opening Barnhardt Capital Management, or any other iteration of a brokerage business, until Barack Obama has been removed from office AND the government of the United States has been sufficiently reformed and repopulated so as to engender my total and complete confidence in the government, its adherence to and enforcement of the rule of law, and in its competent and just regulatory oversight of any commodities markets that may reform. So long as the government remains criminal, it would serve no purpose whatsoever to attempt to rebuild the futures industry or my firm, because in a lawless environment, the same thievery and fraud would simply happen again, and the criminals would go unpunished, sheltered by the criminal oligarchy.

To my clients, who literally TO THE MAN agreed with my assessment of the situation, and were relieved to be exiting the markets, and many whom I now suspect stayed in the markets as long as they did only out of personal loyalty to me, I can only say thank you for the honor and pleasure of serving you over these last years, with some of my clients having been with me for over twelve years. I will continue to blog at Barnhardt.biz, which will be subtly re-skinned soon, and will continue my cattle marketing consultation business. I will still be here in the office, answering my phones, with the same phone numbers. Alas, my retirement came a few years earlier than I had anticipated, but there was no possible way to continue given the inevitability of the collapse of the global financial markets, the overthrow of our government, and the resulting collapse in the rule of law.

As for me, I can only echo the words of David:

“This is the Lord’s doing; and it is wonderful in our eyes.”

With Best Regards-
Ann Barnhardt

Anonymous - Operation Blackout


EMERGENCY ACTION AUTHORIZED. ORGANIZATION OF LOCAL PROTESTS IS NEEDED. CONVERGE AT FREEWAYS AND HIGHWAYS. LIBRARIES, MALLS, GOVERNMENT BUILDINGS, SCHOOLS...ALL ARE ACCEPTABLE AREAS! STARTING TOMORROW!

This is the most important operation in the history of Anonymous. No operation will be executed until we make sure this operation is successful. Any videos uploaded will be updates on this operation.

TRANSCRIPT

Citizens of the United States, We are Anonymous.

This is an urgent emergency alert to all people of the United States. The day we've all been waiting for has unfortunately arrived. The United States is censoring the internet. Our blatant response is that we will not sit while our rights are taken away by the government we trusted them to preserve. This is not a call to arms, but a call to recognition and action!

The United States government has mastered this corrupt way of giving us a false sense of freedom. We think we are free and can do what we want, but in reality we are very limited and restricted as to what we can do, how we can think, and even how our education is obtained. We have been so distracted by this mirage of freedom, that we have just become what we were trying to escape from.

For too long, we have been idle as our brothers and sisters were arrested. During this time, the government has been scheming, plotting ways to increase censorship through means of I S P block aides, D N S blockings, search engine censorship, website censorship, and a variety of other methods that directly oppose the values and ideas of both Anonymous as well as the founding fathers of this country, who believed in free speech and press!

The United States has often been used as an example of the ideal free country. When the one nation that is known for its freedom and rights start to abuse its own people, this is when you must fight back, because others are soon to follow. Do not think that just because you are not a United States citizen, that this does not apply to you. You cannot wait for your country to decide to do the same. You must stop it before it grows, before it becomes acceptable. You must destroy its foundation before it becomes too powerful.

Has the U.S. government not learned from the past? Has it not seen the 2011 revolutions? Has it not seen that we oppose this wherever we find it and that we will continue to oppose it? Obviously the United States Government thinks they are exempt. This is not only an Anonymous collective call to action. What will a Distributed Denial of Service attack do? What's a website de face ment against the corrupted powers of the government? No. This is a call for a worldwide internet and physical protest against the powers that be. Spread this message everywhere. We will not stand for this! Tell your parents, your neighbors, your fellow workers, your school teachers, and anyone else you come in contact with. This affects anyone that desires the freedom to browse anonymously, speak freely without fear of retribution, or protest without fear of arrest.

Go to every I R C network, every social network, every online community, and tell them of the atrocity that is about to be committed. If protest is not enough, the United States government shall see that we are truly legion and we shall come together as one force opposing this attempt to censor the internet once again, and in the process discourage any other government from continuing or trying.

We are Anonymous.
We are Legion.
We do not forgive censorship.
We do not forget the denial of our free rights as human beings.
To the United States government, you should've expected us.

Ron Paul's Greatest Interview

Italy protest against "bankers' government"


Clashes at Italy protest against "bankers' government"


MILAN (Reuters) - Thousands of Italians took to the streets in several cities on Thursday to protest against what they called a "bankers' government" led by economist Mario Monti, and there were clashes with police.
Students in Italy's financial capital Milan threw firecrackers at police trying to prevent them approaching the Bocconi university, which is chaired by Monti and has become a symbol for the new executive of technocrats he has formed to tackle Italy's debt crisis.
Police responded by charging the students with batons. One journalist was injured by a firecracker, police sources said.
The students also threw eggs and fake dollar banknotes at the building of the Italian banking association. "We don't want the banks to rule" and "Monti's government is not the solution," the students chanted.
Monti's government, sworn in on Wednesday, set out the measures it intends to take in the upper house of parliament on Thursday before seeking a confidence vote at 1930 GMT.
Monti said that Italy faced a serious emergency which could help decide the future of the European Union. He said the three pillars of the government's policy would be budgetary rigor, economic growth and social fairness.

UNIVERSITIES TARGETED

There were also protests in Turin, Rome, Palermo and Bari, with demonstrators targeting universities where some of Monti's ministers used to teach, bank branches and tax offices.
In Turin, clashes broke out between police and thousands of demonstrators including anarchists trying to approach the local headquarters of the Bank of Italy.
Police said several people had been injured, including a policeman. Some of the protesters chanted: "Smell of austerity" and "Monti will all make us beggars."
A collapse of market confidence has pushed Italy to the brink of financial disaster and driven up its borrowing costs to unsustainable levels.
Monti's cabinet is made up of a mix of academic specialists and experienced administrators and includes Corrado Passera, the chief executive of Italy's biggest retail bank, Intesa Sanpaolo, as industry minister.
The fact that none of the new cabinet has been elected is likely to make it harder to win popular support for new taxes, job cuts or pension reforms that could hit ordinary Italians hard.

(Reporting by Emilio Parodi in Milan, Paola Italiano in Turin; Writing by Silvia Aloisi, editing by Barry Moody and Robert Woodward)

Healthy Money, Healthy Planet


New IJCCR book review: Healthy Money, Healthy Planet
Posted by: "Seyfang Gill Dr (ENV)"
Fri Nov 18, 2011 8:20 am (PST)

Announcing a newly published book review on the International Journal of Community Currency Research (IJCCR)

www.ijccr.net

DEIRDRE KENT (2005)- HEALTHY MONEY, HEALTHY PLANET: DEVELOPING SUSTAINABILITY THROUGH NEW MONEY SYSTEMS

reviewed by Zsuzsanna Eszter Szalay

Institute Of Business Economics Corvinus University Of Budapest Budapest, Hungary.

Raven, that Lying Little Bastard

Before the Beginning 

Raven, that Lying Little Bastard
by Greg Palast for TheMudflats.net
Thursday, November 17, 2011
 

"If I had a machine gun, I'd kill every one of them white sons of bitches." Makarka didn't say, "white." He used the unkind Alutiiq phrase, isuwiq-something, bleached seal

As a bleached seal myself, I couldn't blame him, not if you saw what I saw, the documents that British Petroleum buried deep as they could. 

In my investigation of the blow-out on BP's Deepwater Horizon oil rig, I knew key evidence could only be found in the files in the hands of the Chugach Natives of Alaska. The story involved the usual mix of big oil, suicide, murder, rock and roll, and fish. Whatever, I had to get from Asia to Alaska. To understand the full story, how America went, in two centuries, from British colony to British Petroleum colony we have to go way back to ... 

Alaska, before the beginning
from Vultures' Picnic. An investigation of the One Percent. Chapter 7 as excerpted in TheMudflats.net 

Raven, that lying little bastard, came to Chenega Island, where the people slept and slept because there was only darkness. From His kayak, Raven gave them a box filled with Daylight, and in return, He demanded and they gave Him a wife, Qaleratalik, "Weasel in a Summer Dress." He fed Qaleratalik only moss from His beak, which she could not eat. 

One day, when Raven was hungry, He told His grandchildren, "I have captured a huge seal just around the point." And when His grandchildren left their fire to look, Raven ate all their food. They returned, and Raven, laughing, asked them if they found the seal although He knew that there was no seal. And so, His grandchildren died of disappointment. 

Uncounted millennia later, Russians arrived on Chenega Island. They told Chief Axuna about an Old Deceiver, Satan, who lives on this Earth; and Axuna, whose name meant "Cowardly Otter Anus," was christened and re-named Makarichemovitsky, which means "Little Bird." Then they took Little Bird's furs and whale oil. 

The Orthodox priests in dark caftans christened another family, naming them Totemoff after the fancy sticks they worshipped, which the Russians burnt. Then, on Nuciiq Island, the priests baptized their cousins Kvasnikoff ("Whiskey- children"), kidnapped them, and abandoned them on the isolated end of an impenetrable glacier surrounded by the Gulf of Alaska. If the Whiskey-children didn't die, Russia would gain a supply depot and whaling station conveniently located at the entrance to Prince William Sound. 

Axuna already knew all about the Old Deceiver; and Axuna knew Raven, the lying bastard, wasn't what he pretended to be, that Raven used charcoal and sorcery to appear handsomely black. For a thousand years, the Chugachmiut warned each generation that underneath, Raven is white, ugly like ice. 

Mudqnò. That is all. There is no more. 

********* 

Get the entire  Vultures' Picnic: in pursuit of Petroleum Pigs, Power Pirates and High-Finance Fraudsters right now.  Greg Palast's new book, just released this week. 

"Palast's best.  Reads like a detective story, but it's for real."  - Robert F. Kennedy Jr. 

********* 

In 1867, Abraham Lincoln's nasty little Secretary of State William Seward bought Alaska from the Imperial Czar for two and a half cents an acre. Of course, the Czar never actually owned it. Our young, troubled nation and Lincoln's successor, who despised Seward and especially his "polar bear garden," were happy to forget about Chenega village and the Chugachmiut Natives until Good Friday, 1964, two days too late to warn them . . . . 

CHENEGA VILLAGE, PRINCE WILLIAM SOUND 

Natives of Chenega tell the story of how the ice peaks of Montague Island jumped twice a man's height and just minutes later crashed back down. 

Good Friday, March 27, 1964. At 5:36 p.m., seismologists' machines worldwide recorded a monster shake, 9.2 on the Richter scale, shimmying down Alaska's coast. Tsunami waves big as battleships were sure to follow. Warnings went out to coastal towns from Anchorage down to Malibu. But no message was sent to the shortwave at the Chugach Native village of Chenega in Prince William Sound near the quake's epicenter. 

Seal hunter Nicholas Kompkoff, Chenega's chief, saw the ocean simply disappear in front of his stilt house. He knew right away the water had been sucked into a wave beyond the horizon and it would return with a vengeance. 

Kompkoff shepherded his four daughters up the gravel slope toward the church on the high ground, pushing them to run as fast as possible on little legs. But not fast enough. Just as the wave hit, Nicholas reached out, grabbed the two girls closest to him and ran with one under each arm. His two other daughters were seized by the water and dragged out into the frozen Sound. One came back. Days later, Nicholas found her body stuck in the high branches of a pine tree. 

Satellite telemetry indicates the Natives had way underestimated the mountain's leap. The snow peaks of Montague Island rose thirty-three feet, then fell, sending a wave measuring eightynine feet seven inches over Chenega village. 

Nicholas's younger brother, Don, told me he was lifted by the wave but managed to grab the cross at the top of the church steeple, holding on to his life there, the only verifiable instance in which Jesus saved. 

Two days after the quake, a postal plane flew over to drop the village's mail out its window but could not find Chenega—because it wasn't there. Of the dozens of stilt homes, every one of them was swept away—with a third of the residents still in them or fleeing. The pilot, Jimmy Firth, on a hunch and a second flyover, spotted a few wrecked pieces of the blue church roof. 

Nicholas and those of his people who survived were boarded onto a res- cue boat, divided up, and dumped in Anchorage, on Tatitlek Island, and at the Eyak village in Cordova. 

Over the next few years, Nicholas became both a drunk and an Orthodox priest. In 1968, Father Nicholas put a gun under his chin and pulled the trigger. The bullet shattered his jaw but missed his brain. The church's embarrassed bishops defrocked him. 

Still, each and every year on Good Friday, Nicholas and a few die-hard Chenegans would make the chilly pilgrimage by boat to the old village, to gather washed-up bones, leave one cross on the beach, and repeat an increasingly pathetic vow to return to the Sound and rebuild their homes. 

Do miracles happen? I like to think so. 

In March 1969, a helicopter descended from the heavens over Cordova, and a man from Humble Oil came looking for Father Nick with an offer to solve Chenega's problems. The biggest problem of all was that Raven had given Chenegans the sun and moon but failed to give them a signed deed for the real estate. No one in the village had a piece of paper saying, "We own this." Until they could get that piece of paper, Chenegans could not return. 

The Humble man would fix that, using the powers of his company in Washington to get them the title to their island homeland. The company with the gentle name of Humble was the Alaskan subsidiary of something far less humble, Standard Oil Company, which would rename itself Exxon Corporation three years later. 

"Mr. Humble" wanted only one thing in return from Nicholas: for him to sell Humble and its partners the old Chugach village of Valdez. 

Valdez is a sacred place for the oil industry. The shaky geology of Alaska ("tsunamigenic subducting continental plates") made Valdez the only spot on the whole of the state's 44,000-mile-long coast that could handle a mammoth oil tanker port. Therefore, the Valdez property was worth, say, a couple of billion or so. 

How much would the oil giants pay the Natives for Valdez? They offered Father Nicholas one dollar. 

*** 

Maybe Nicholas Kompkoff was a "dumb, drunk Injun." Maybe not. I write this at Nicholas's grave on Evans Island, at the New Chenega village. Over here you can see the Arch Priest Nicholas Kompkoff Clinic and sobriety center and the little church with the blue cupola completed in time for Nicholas to lead his last prayers, and the two dozen little bungalows for the returned Natives, almost every one a millionaire. 

Let us pause and pretend this is the happy ending. No sense jumping ahead to the tragic conclusion just yet. 

*** 

Humble Oil and its less Humble parent, Exxon, came through, lobbying Congress to give Chenegans ownership of both the old village and the new one on Evans Island chosen by geologists as safe from tsunamis. On the twenty-fifth anniversary of the Great Earthquake, the families of New Chenega sailed to the old village to lay crosses among the ruins. Then, they sailed back to bless their new homes. It was Good Friday, 1989. 

That night, at four minutes past midnight, the Exxon Valdez ran aground and spilled more than eleven million gallons of oil. The black wave soon engulfed the old village, then the new one, and then its fishing grounds, blinding and burning every seal in their rookery, smothering all shellfish, killing a million birds, slathering contaminants across one thousand miles of waterfront, and leaving New Chenega isolated in a poisoned sea. The three thousand years of Chugachmiut life subsisting off the Sound's waters had come to its end. 

Mudqnò. That is all. There is no more. 

WORLD TRADE CENTER, NEW YORK 

Until March 24, 1989, the morning of the spill, no one cared if a Chugach Native dropped dead, which they did, often and young. 

But, beginning four minutes past midnight, these Natives, for the lucky lawyers who caught one, became a summer house in the Hamptons, a Mercedes with all the trimmings, Rod Stewart singing you "Happy Birthday," a younger mistress, and a new trophy wife... 

To read the rest - get the book, right now 

*** 

Greg Palast is the author of Vultures' Picnic: In Pursuit of Petroleum Pigs, Power Pirates and High-Finance Carnivores, released on November 14 by Penguin USA. 

Read the rest of the TheMudflats.net serialization ...or just get the whole book, hardbound, Kindle, Nook, and film-amplified eBook editions at VulturesPicnic.org

Thanks to Willie Nelson for the music to the slide show.
 

Order it now!

venerdì 18 novembre 2011

Super Committee Deadlock: Heads They Win, Tails We Lose



U.S. Budget: Super Committee Deadlock - Heads They Win, Tails We Lose





It is no great surprise that with only days to go, the congressional “super committee,” given the herculean task of carving an additional $1.2 trillion out of the federal budget, has failed to reach agreement.  Why should six Republicans and six Democrats with diametrically opposed views agree in a few weeks, when Congress couldn’t shake hands on it after months of wrangling, despite the guillotine blade of a federal default hanging over their heads?      

Whether the super committee reaches agreement or not, however, the deficit hawks win.  If they agree, either $1.2 trillion gets cut from the budget or taxes go up by that amount; and the committee co-chair has categorically stated taxes are not going up, so that means the budget will be cut.  If agreement is not reached, $1.2 trillion in cuts automatically kick in, split evenly between domestic and military spending.  Either way, the economy will wind up with $1.2 trillion less in the way purchasing power.  The result will be to reduce demand, kill jobs, and put more people on the streets.

For the deficit hawks, however, it all seems to be going according to plan.  The super committee is characterized as an emergency measure that was rushed through to avoid an arbitrarily imposed August deadline for freezing the debt ceiling, but it has actually been in the works for years.  In 2009, it was called the “Bipartisan Task Force for Responsible Fiscal Action”.  That plan died when its Senate sponsors, Judd Gregg and Kent Conrad, failed to secure 60 votes for passage in the Senate. The Gregg-Conrad bill was criticized as railroading through legislation that would unconstitutionally slash domestic services without congressional debate, but its task force would actually have been LESS autocratic than the super committee, which has sweeping powers and needs only a simple majority among its 12 members to prevail.

What has been forced out of the debate is whether cutting the budget is a good idea at all.  The Peter Peterson Foundation, which has been pushing “austerity” for years, has finally gotten its way. Hedge fund magnate Peter G. Peterson was Chairman of the Council on Foreign Relations until 2007 and head of the New York Federal Reserve between 2000 and 2004.  He made his fortune with the controversial Blackstone Group, which he co-founded and chaired for many years.  The Peter Peterson Foundation was established in 2008 with a $1 billion endowment to raise public awareness about U.S.fiscal-sustainability issues related to federal deficits, entitlement programs, and tax policies.  The money was used to spearhead a massive campaign to reduce the runaway federal debt.  Hysteria over the debt then prompted Tea Party newbies in Congress to hold a gun to Congress’ head by arbitrarily capping the debt.   

In the campaign to educate us to the debt’s perils, we were repeatedly warned that when foreign lenders decided to pull the plug, the U.S. would have to declare bankruptcy; that we were mortgaging our grandchildren’s futures and selling them into debt-slavery; and that all this was the fault of the citizenry for borrowing and spending too much.  The American people, who are already suffering massive unemployment and cutbacks in government services, would have to sacrifice more and pay the piper more, just as in those debt-strapped countries forced into austerity measures by the IMF.

The fear-mongering, however, is a red herring.  A sovereign nation can always find the money to pay debts owed in its own currency.  The Federal Reserve can buy the debt itself – just as it has been doing.  That alternative would effectively eliminate the problem of interest, since the Fed returns its profits to the government after deducting its costs.    

Alternatively, Congress could reclaim the power to issue money from the banks and fund its budget directly.  The U.S. could pay its bills using debt-free U.S. Notes or Greenbacks, just as President Lincoln did to avoid a crippling debt during the Civil War.  Congress could do this without changing any laws. Congress is empowered to “coin money,” and the Constitution sets no limit on the face amount of the coins.  It could issue a few one-trillion dollar coins, deposit them in an account, and start writing checks.

Neither option need inflate prices.  As long as the money is used to purchase goods and services, the result will simply be to increase demand, increasing production.  Prices will not increase until the economy reaches full employment, and at that point any excess in the money supply can be taxed back to the government, keeping prices stable. 

The key to all this is that our debt is owed in our own currency – U.S. dollars.  Our government has the power to fix its solvency problems itself, by simply issuing the money it needs to pay off or refinance its debt.  The U.S. federal debt has been carried on the books since 1835.  It has NEVER been paid off during that time but just continues to grow.  This has not hurt the economy, which for most of that period has been among the most vibrant in the world.  The federal debt IS the money supply.  All of our money except coins is created as bank debt.  Historically, when the deficit has been reduced, the money supply has been reduced along with it, throwing the economy into recession.

The real problem with a growing federal debt is the interest on it, which WILL become an insurmountable burden if allowed to grow exponentially.  Interest paid on the federal debt in 2010 was $414 billion, or about one-half of personal income tax receipts.  That’s about as high as we dare let it go.  But this problem can be eliminated either by funding the debt through the nation’s own central bank, effectively interest-free; or by the Treasury issuing the money outright, interest-free. 

The burgeoning debt has been blamed on reckless government and consumer spending; but the debt crisis was created, not by a social safety net bought and paid for by the taxpayers, but by a banking system taken over by Wall Street gamblers.  The banking debacle of 2008 caused credit to collapse, businesses to go bankrupt, and unemployment to soar, drastically reducing the federal tax base.  If anyone should be held to account, it is Wall Street; but the bankers were bailed rather than jailed, and the taxpayers got billed for the crime.  

We have been deluded into thinking that “fiscal responsibility” is something for our benefit, something we actually need in order to save the country from bankruptcy.  In fact, it has simply been an excuse to impose radical austerity measures on the people, measures that benefit the 1% while locking the 99% in a dungeon of debt peonage.


Ellen Brown is an attorney and president of the Public Banking Institute, http://PublicBankingInstitute.org. In Web of Debt, her latest of eleven books, she shows how a private cartel has usurped the power to create money from the people themselves, and how we the people can get it back. Her websites are http://WebofDebt.com and http://EllenBrown.com.

Ellen Brown is a frequent contributor to Global Research.  

Only 3 countries left w/o ROTHSCHILD owned Central Bank

Only 3 countries left w/o ROTHSCHILD Central Bank!


http://www.godlikeproductions.com/forum1/message1680855/pg1

The Rothschild family is slowly but surely having their Central banks established in every country of this world, giving them incredible amount of wealth and power.

In the year of 2000 there were seven countries without a Rothschild owned Central Bank:

Afghanistan
Iraq
Sudan
Libya
Cuba
North Korea
Iran

It is not a coincidence that these country, which are listed above were and are still being under attack by the western media, since one of the main reasons these countries have been under attack in the first place is because they do not have a Rothschild owned Central Bank yet. The first step in having a Central Bank establish in a country is to get them to accept an outrageous loans, which puts the country in debt of the Central Bank and under the control of the Rothschilds. If the country does not accept the loan, the leader of this particular country will be assassinated and a Rothschild aligned leader will be put into the position, and if the assassination does not work, the country will be invaded and have a Central Bank established with force all under the name of terrorism.

Rothschild owned Central Bank:

Central banks are illegally created private banks that are owned by the Rothschild banking family. The family has been around for more than 230 years and has slithered its way into each country on this planet, threatened every world leader and their governments and cabinets with physical and economic death and destruction, and then emplaced their own people in these central banks to control and manage each country’s pocketbook. Worse, the Rothschilds also control the machinations of each government at the macro level, not concerning themselves with the daily vicissitudes of our individual personal lives. Except when we get too far out of line.

The only countries left in 2003 without a Central Bank owned by the Rothschild Family were:

Sudan
Libya
Cuba
North Korea
Iran

The Attacks of September 11th were an inside job to invade Afghanistan and Iraq to then establish a Central Bank in those countries.

The only countries left in 2011 without a Central Bank owned by the Rothschild Family are:

Cuba
North Korea
Iran

After the instigated protests and riots in the Arab countries the Rothschild finally paved their way into establishing Central Banks, and getting rid of many leaders, which put them into more power.

giovedì 17 novembre 2011

J. P. Morgan-Gate Escalates


HOT BREAKING NEWS: J. P. Morgan-Gate Escalates

J. P. Morgan-Gate Escalatesby Tom Heneghan, International Intelligence Expert
Thursday November 17, 2011
http://blog.alexanderhiggins.com/wp-content/uploads/2011/10/Jamie-Dimon-JP-Morgan-Chase-CEO-Wall-Street-Robber-Banker.jpg
Jamie Dimon, CEO of J. P. Morgan
http://i2.cdn.turner.com/money/2011/10/31/markets/tweets_stocktwits/chart_ws_stock_mfglobalholdingsltd_20111031134621.top.png
CNNMoney 

UNITED STATES of America - It can now be reported that J. P. Morgan is involved in massive fraud involving the bankruptcy of investment bank MF Global.

We can now divulge that it was J. P. Morgan and German Deutsche Bank, along with Glencore Commodities out of Zurich, Switzerland (whose CEO is none other than Bush-Clinton Crime Family stooge Marc Rich) that issued the collateral aka bogus derivatives that were used by MF Global to place trades on the European sovereign debt.

J. P. Morgan then proceeded to use their offshore hedge fund on the Isle of Man to take the opposite position of MF Global by buying EURO currency futures and simultaneously shorting MF Global stock.

It now gets worse!

Financial terrorist Jamie Dimon, CEO of J. P. Morgan, then proceeded to conspire with the European Central Bank and the ISDA to declare a non-credit event and basically cancel the trades of MF Global, which led to the bankruptcy of MF Global. (A former ECB Vice Chairman headquartered in Portugal has recently resigned his position with the ECB. He is under European INTERPOL investigation for conspiring with the privately-owned U.S. Federal Reserve and J. P. Morgan aka a massive money laundry tied to the forex currency exchanges and the Greek, Spanish and Portuguese banks).

J. P. Morgan then used their proceeds from the decapitation of MF Global to sell credit protection to Bank of America, which had massive exposure to Asian derivative debt.

Both J.P. Morgan and Bank of America then proceeded to buy Japanese yen futures on the worldwide forex exchange, which was designed to complete the derivative swindle.

Once this latest Ponzi Scheme was unraveled the Japanese Central Bank unilaterally intervened to depreciate the Japanese yen and buy U.S. dollars.

P.S. We can now divulge that the alleged missing $600 MILLION from MF Global segregated accounts have actually, for the last two weeks, been part in the custodial accounts of J. P. Morgan and Morgan Stanley.

As of this morning the funds have now been illegallytransferred to proprietary accounts of Barclays Bank in England and their secret hedge fund named Humewood Associates.

Note: This is massive obstruction of justice!

U.S. Attorney General Eric Holder needs to be immediately indicted by a People's Grand Jury.

P.P.S. We can now reveal that both U.S. Attorney General and Marc Rich stooge, Eric Holder, and SEC Chairman Mary Schapiro refused to seize the custodial accounts of J. P. Morgan even though a majority of DOJ and SEC investigators demanded that it be done immediately.

What we now have, folks, is money laundry enabled by both the SEC and the U.S. Department of Justice.

P.P.P.S. As of this hour crooked U.S. Attorney General Eric Holder aka Marc Rich-Jamie Dimon defense attorney, has left the country and is on his way to the Bahamas for an alleged legal conference.

Question: Could it be Eric Holder is going to the Bahamas to pick up his commission check from Marc Rich and Glencore Commodities?

Final note: We can now report that former MF Global CEO Jon Corzine is about to receive transitional immunity from Justice Department investigators that are busy unraveling the J. P. Morgan-MF Global debacle.

The only thing needed to complete this negotiation is for the U.S. Attorney General Eric Holder to sign off on it.

Question: Could it be that is the reason Eric Holder is flying to the Bahamas?