Posts Tagged ‘Fed’

US Dollar Collapse and Japan’s Sham Currency War: The Hidden Agenda Behind Japan’s Kamikaze Quantitative Easing…

Posted on 2013 05, 17 by rockingjude
Global Research, May 15, 2013
ImageProxy.mvc

US$ dollars have been flooding the financial markets ever since Bernanke launched quantitative easing allegedly to turnaround the US economy. These huge amounts of US$ toilet paper are mainly in financial markets (and in central banks) outside of the United States. A huge chunk is represented as reserves in central banks led by China and Japan.

If truth be told, the real value of the US$ would not be more than a dime and I am being really generous here, as even toilet paper has a value.

That the US dollar is still accepted in the financial markets (specifically by central banks) has nothing to do with it being a reserve currency, but rather that the US$ is backed/supported by the armed might and nuclear blackmail of the US Military-Industrial Complex. The nuclear blackmail of Iran is the best example following Iran’s decision to trade her crude in other currencies and gold instead of the US$ toilet paper.

If the United States were not a military threat and a global bully that can blackmail with impunity the oil exporting countries in the Middle East, the global financial system which hinges on the US$ toilet paper would have collapsed a long time ago.

The issue is why has the US$ not collapsed as it should have by now?

When we apply common sense and logic to the state of affairs, the answer is so simple and it is staring at you.

But, you have not been able to see the obvious because the global mass media, specifically the global financial mass media controlled mainly from London and New York, has created a smokescreen to hide the truth from you.

Let’s analyse the situation in a step by step manner, and apply common sense.

1. The US is the world’s biggest debtor. The biggest creditors are China and Japan, followed by the oil exporting countries in the Middle East. With each passing day, the value of the US$ toilet paper is worth less and less. Like I said earlier, even toilet paper has some intrinsic value. It reaches zero value when everyone has to carry a wheelbarrow of US$ to purchase anything.

2. For the US$ toilet paper creditors, they cannot admit the fact that they have been conned by the global Too Big To Fail Banks (TBTFs) acting in concert with the FED and the Bank of England to accept US$ toilet papers. The central bankers of these countries have a reputation to preserve (not that there is in fact any reputation, for their so-called financial credibility is also part of the scam) and the political leaders that relied on them is in a bigger bind. How can the political leaders be so very stupid to trust these central bankers (who have stashed away in foreign tax havens huge US$ toilet papers as a reward for their complicity). This is the current state of affairs in plain English. They are having sleepless nights worrying if and when the citizens would wise up to this biggest con in history i.e. the promotion and acceptance of fiat currencies, the US$ being the ultimate fiat currency.

The Two-Party System Doesn’t Exist. There’s Only One Political Party – Ron Paul…

Posted on 2012 09, 30 by rockingjude

 

Ron Paul, member of the United States House of...

Ron Paul, member of the United States House of Representatives (Photo credit: Wikipedia)

Posted on September 23, 2012 by Jules Manson

 

 

The Two-Headed Coin

 

 

The Two-Party System Doesn’t Exist. There’s Only One Political Party – Ron Paul

 

The two political parties are both owned by the same ruling class. This is why they do not differ for those concerns which matter most to the public. – Image courtesy of netrightdaily.com.

 

Take the analogy of only two phone companies or two oil companies serving America. In almost no time they would secretly form a trust (this is illegal) and their prices and fees would sky rocket as if only a single company existed. Their quality control would probably regress all the while having a callous disregard for simple customer support for most services. This is not unlike the two-party system of the American government which is a conduit for corporatism.

 

When people say that both parties are exactly the same they mean within the context of those public policies which matter most.

 

Please consider the following 15 points where I attempt to prove, and I do think I succeed, that there is no difference between the two candidates running for president who are represented by the two parties for those concerns which are of a most pressing nature:

 

  • One candidate signed the NDAA 2012 which “legalizes” martial law and indefinite detention of innocent American citizens simply for peacefully protesting. The other candidate supports this.
  • One candidate signed a four-year extension of the Patriot Act which can imprison American citizens indefinitely with no trial. The other candidate supports this.
  • One candidate supports the assassination of American citizens suspected of participating in subversive activities. The other candidate likely supports this.
  • One candidate has broken his promise and kept Gitmo concentration camp open which also practices torture. The other candidate supports this.
  • The TSA has grown to include train stations under one candidate. The other candidate likely supports this.
  • One candidate maintains his support of Israel’s foreign policies for the United States. The other candidate supports this.
  • One candidate maintains his support of the war of aggression in Afghanistan. The other candidate supports this.
  • One candidate ignores the Federal Reserve. The other candidate also ignores this.
  • One candidate has done nothing to prevent another Wall Street meltdown. The other candidate ignores this.
  • One candidate supports open borders and legalizing illegal aliens. The other candidate likely supports this.
  • One candidate supports limiting our liberties and increasing surveillance of innocent American citizens. The other candidate supports this.
  • One candidate agrees that any citizens who rise up to the abuses by government are enemies of the state or terrorists. The other candidate agrees with this.
  • The building of FEMA concentration camps are in full force under one candidate. The other candidate likely supports this.
  • One candidate has secretly met with the Bilderberg Group. It is also highly likely that the other candidate has or will secretly meet with the Bilderbergs.
  • Both parties are owned by the same ruling class (especially Wall Street) through campaign financing, political favors, and lobbying.

 

Yes those fascist provisions of the NDAA 2012 were nullified by the Supreme Court but what does it say about our legislators who were elected to represent our best interests? When we look at the bigger picture we find that all our petty concerns such as gay rights, stem-cell research funding, health care, the deficit, even taxation, etc. are just a smoke screen to hide those things that are guaranteed to weigh heavily on us as free citizens.

 

There is no real difference between the two candidates. Both represent the interests of the ruling class who must keep us under strict obedience to the state so that they may maintain their control.

 

The Republican and Democrat parties have a duopoly on American power as Ron Paul (R-Tx) reveals in this short film, Ron Paul on Glenn Beck Show: Both Parties Owned by Same Elite. It might as well be a monopoly because these two parties now do a lot of horse trading to support each others bills. The election of a new president changes nothing if we vote in a candidate from one of the two political parties because both are financed and in collusion with the bank cartel of American, European finance corporations, the military industrial complex, and the ruling class. This was most noticeable after the assassination of our last true great president – John F. Kennedy. Instead of returning the troops home from Vietnam like President Kennedy had intended on doing, President Johnson greatly expanded American involvement.

 

This benefits the corporations whose business is war. This also benefits the banks who own huge shares in these companies and fund this war through government deficit spending and borrowing. Those who stand to make money on war have a controlling interest in the American government through lobbying, campaign financing, future lucrative job offers to politicians, gerrymandering, and a central bank (Federal Reserve).

 

This happens because we believe the patriotic and mass media propaganda and misinformation we are overwhelmed with every single day of our lives. We do not question information from authority figures and we prefer to lazily watch entertaining television programs or play video games. The result of this is that we continually support the two parties who betray our trust and allow lobbyists to hijack our representation. They may appear to be opposed however they work closely together to secure whatever wealth and liberty we have remaining even if this means drafting our adult children into a false war to fight for our freedom or a foreign state’s liberty.

 

A federal or state government populated with several more political parties and independent representatives would have far more difficulty serving its own agenda because of all the opposition between them. Most would be on their best behavior so that they could also obtain a controlling representation in government. Once any party obtained this power they might also fall from grace.

 

Most politicians probably begin their political career with good intentions however somewhere along the way they are seduced by money and power. This is unavoidable regardless of party and initial good intentions. All governments in history have evolved or will evolve into fascism because of this is very predictable trait. It is important to note that a dictatorship and a monarchy are a form of fascism because the government is controlled by a single family acting as one and it is in their best interest to control the population through that government much like corporations control a government to serve their own interests.

 

For democracy to exist we must have a continuous cycle of replenishing new representatives. This is why some elected offices have term limits. Perhaps there should also be term limits for political parties. Instead we allow a stalemate of the Republican and Democratic parties to represent us at all levels of government. One may also notice that among some politicians there is a revolving door between the two parties or between serving the state and serving corporations. They throw their hat in whatever party they believe will give them the best chance at winning an election. One striking example between serving the state and running a corporations is Dick Cheney. He served in congress, the White House, and the Pentagon before moving on as Chief Executive Officer of Halliburton and returning as Vice President. Cheney’s Law is PBS Frontline episode is on how during the Bush administration Dick Cheney succeeded as a very secretive hands on player to enhance presidential powers to detain, render, interrogate, and wiretap.

 

Why perpetuate the same old habits if any policy changes are always negative? There will always be groups of unethical and dangerous individuals who are highly motivated to secure this power. No one said democracy was free, easy, and static. As soon as we shed our ideological labels and indoctrinated propaganda we find that in full frontal view of the naked truth we are all united in the same mission of life, liberty, and pursuit of happiness.

 

If what we really want is a free nation, we must do everything in our power to urge all Americans to vote for Libertarian Party candidate Gary Johnson. He is the only viable option who intends on representing the best interests of the American public. Or at the very least do not support any of the two-party candidates — vote third party or independent.

 

 

The Cunning Men Behind the Curtain

Economic Alert: If You’re Not Worried Yet…You Should Be…

Posted on 2012 05, 09 by rockingjude

This article has been generously contributed by Brandon Smith of Alt Market.

 

For the past four years I have been covering the progression of the global economic crisis with an emphasis on the debilitating effects it has had on the American financial system.  Only once before have I ever issued an economic alert, and this was at the onset of the very first credit downgrade in U.S. history by S&P.  I do not take the word “alert” lightly.  Since 2008 we have seen a cycle of events that have severely weakened our country’s foundation, but each event has then been followed by a lull, sometimes 4 to 6 months at a stretch, which seems to disarm the public, drawing them back into apathy and complacency.  The calm moments before each passing storm give Americans a false sense of hope that our capsized fiscal vessel will somehow right itself if we just hold on a little longer…

I don’t have to tell most people within the Liberty Movement that this is not going to happen.  Unfortunately, there are many out there who do not share our awareness of the situation.   Debt implosions and currency devaluation NEVER simply “fade away”; they are always followed by extreme social and political strife that tends to sully the doorsteps of almost every individual and family.  The notion that we can coast through such a tempest unscathed is an insane idea, filled with a dangerous potential for sour regrets. 

Wall Street Confidence Trick: The Interest Rate Swaps that Are Bankrupting Local Governments…

Posted on 2012 03, 23 by rockingjude
Picture of interest rates swaps listing on new...

Picture of interest rates swaps listing on newspaper Category:Finance (Photo credit: Wikipedia)

Posted on March 22, 2012 by Ellen Brown

Far from reducing risk, derivatives increase risk, often with catastrophic results.

—   Derivatives expert Satyajit Das, Extreme Money (2011)

The “toxic culture of greed” on Wall Street was highlighted again last week, when Greg Smith went public with his resignation from Goldman Sachs in a scathing oped published in the New York Times.  In other recent eyebrow-raisers, LIBOR rates—the benchmark interest rates involved in interest rate swaps—were shown to be manipulated by the banks that would have to pay up; and the objectivity of the ISDA (International Swaps and Derivatives Association) was called into question, when a 50% haircut for creditors was not declared a “default” requiring counterparties to pay on credit default swaps on Greek sovereign debt.

Interest rate swaps are less often in the news than credit default swaps, but they are far more important in terms of revenue, composing fully 82% of the derivatives trade.  In February, JP Morgan Chase revealed that it had cleared $1.4 billion in revenue on trading interest rate swaps in 2011, making them one of the bank’s biggest sources of profit.  According to the Bank for International Settlements:

[I]nterest rate swaps are the largest component of the global OTC derivative market.  The notional amount outstanding as of June 2009 in OTC interest rate swaps was $342 trillion, up from $310 trillion in Dec 2007.  The gross market value was $13.9 trillion in June 2009, up from $6.2 trillion in Dec 2007.

For more than a decade, banks and insurance companies convinced local governments, hospitals, universities and other non-profits that interest rate swaps would lower interest rates on bonds sold for public projects such as roads, bridges and schools.  The swaps were entered into to insure against a rise in interest rates; but instead, interest rates fell to historically low levels.  This was not a flood, earthquake, or other insurable risk due to environmental unknowns or “acts of God.”  It was a deliberate, manipulated move by the Fed, acting to save the banks from their own folly in precipitating the credit crisis of 2008.  The banks got in trouble, and the Federal Reserve and federal government rushed in to bail them out, rewarding them for their misdeeds at the expense of the taxpayers. 

Money as Debt 3 – The Rothschild mafia (Paul Grignon)…&The Essence of Money…

Posted on 2012 03, 22 by rockingjude

The Essence of Money

Introduction of digital coin

This animation shows how Digital Coin puts this simple universal principle into practice
using emerging technologies to create “unique digital objects” that can be used like coins.

2012 – Magnitude 10 Economic Earthquake By Al Holtje…

Posted on 2012 03, 05 by rockingjude
united states currency eye- IMG_7364_web

united states currency eye- IMG_7364_web (Photo credit: kevindean)

December 30, 2011 By Al Holtje

The outrage and contempt I have for the American political system is beyond comprehension. As Abraham Lincoln so eloquently phrased at Gettysburg it’s sad to say; “government for the people and by the people” has been betrayed. Today, the engine that energizes government is fired by corruption and power in the never ending battle for control of the nation’s checkbook. What is most disturbing to me is that the great majority of American’s sit back and buy into the right vs. lefarguments ignoring the essential issue which is the plight of the ship of state. In truth, it’s rarely about “us” any more; it’s about them and their reach for power. Now as 2012 approaches, it won’t be long before the worn and torn American dollar becomes the catalyst that sinks the shaky boat that carries the world’s money supply. The system is overloaded and hopelessly corrupted under the weight of debt and computerized derivative contracts, a situation that is now out of control.

At the center of the next economic earthquake will be the unregulated and very profitable derivative contracts denominated in dollars. The first tremor occurred in 1998 when there were $50 trillion in contracts outstanding. Russia defaulted on its debt and that incident caused a magnitude 4 economic earthquake. The Federal Reserve had to reduce interest rates four times to contain the damage.  That was followed by the housing bubble in 2007 (magnitude 7). No one went to jail and now, as we move forward to 2012, derivative contracts are valued at $1.4 quadrillion equal to $206,000 for every man, woman and child on the planet. A sum so huge that it is equal to 100 times all the money on deposit in the nation’s banks. Not one penny of that amount went to creating jobs, assisted in the economic recovery or otherwise helped the millions of American’s in need.  It’s just simple basic math and greed that is being ignored by the President, the Secretary of the Treasury, the Chairman of the Federal Reserve and both parties in Congress. 

FINANCIAL TYRANNY: The Final Sections…

Posted on 2012 02, 28 by rockingjude
David Wilcock

~thanks David xoxo ~jude
UPDATED 2/17! At last — the final four sections of our epic investigation into Financial Tyranny. Get the overview of what we have learned, with stunning new information that paves the way for an end to Financial Tyranny — once and for all.
All updates will be listed at the end of the Comments Section as they come in. Stunning new events are happening on almost a daily basis that show this historic defeat of Financial Tyranny is now imminent.]
SECTION SEVEN: The Evidence is Irrefutable

LET’S REMEMBER THE BIG PICTURE

Before we feature our exclusive interviews with the key players in the lawsuit that could defeat Financial Tyranny, let’s step back and look at the Big Picture.
We now have a compelling storyline of Financial Tyranny, dating back to 1776 with the publishing of Smith’s The Wealth of Nations – and the founding of the Illuminati in Bavaria.
We have scientific evidence that a monopoly of 1,318 corporations, headed by the Federal Reserve banks, is now earning 80 percent of the world’s wealth. This ‘core’ is in turn being run by a “super-entity” of 147 corporations, most of which are financial institutions.
The top corporations in the “super-entity” are the Federal Reserve banks — and they created 26 to 29 Trillion dollars in bailouts for their own companies from 2007 to 2010.
The Rothschilds admitted in their own 1962 biography that Mayer Amschel’s five sons “conquered the world more thoroughly, cunningly and lastingly than any Caesar before or Hitler after them.”
Nathan Rothschild destroyed the British economy by making the entire market think Napoleon had defeated them. In one single day of trading, he was able to increase his net wealth by 6500 times — and did what Napoleon could not.
Rothschild conquered Great Britain.

MANY OTHER DATA POINTS TO CONSIDER

We gave links to multiple books full of information — now free to read online — proving there was a government-led uprising against the Illuminati in 1784… and a massive worldwide revolt against Freemasonry beginning after William Morgan’s murder in 1826.
Freemasons openly bragged about controlling the media, the police, the judiciary, the financial system and the government. 45,000 out of 50,000 Masons in the United States – 90 percent – all quit once the scandal broke, and were treated as heroes.
I believe there is abundant evidence that we are right on the threshold of another historical event like this — only of significantly greater magnitude.
We have also thoroughly documented how the global media is in the hands of a very small number of corporations.
We gave compelling evidence that its content is controlled through Operation Mockingbird, which was implemented in the dawning years of the CIA.

Analysis of Financial Terrorism in America…

Posted on 2011 08, 12 by rockingjude
Census headquarters in Suitland, Maryland.

Image via Wikipedia

 

Global Research by David DeGraw

AmpedStatus.org Editor’s Note: The following report includes adapted excerpts from David DeGraw’s book, “The Road Through 2012: Revolution or World War III.” Release Date: 9.28.11

Abstract: Welcome to World War III

Despite increasing personal financial hardship, most Americans remain unaware of the economic world war currently unfolding. An all-pervasive corporate and government propaganda campaign has effectively obscured this blatant reality. After extensive analysis, it is evident that World War III is a war between the richest one-tenth of one percent of the global population and 99.9 percent of humanity. Or, as I have called it, The Economic Elite Vs. The People [18]. This war has been a one-sided attack thus far. However, as we have seen throughout the world in recent months, the people are beginning to fight back. The following report is a statistical analysis of the systemic economic attacks against the American people.

Introduction

The American public has sustained intensive economic attacks across broad segments of the population. While the attacks have been increasingly severe in scale over the past four years, they have been implemented with technocratic precision. They have been incrementally applied thus far, successfully keeping the population passive and avoiding any large-scale civilian unrest, while effectively reducing living standards for the majority of the population. As you will see in this report, the 55 million Americans that have been hit the hardest have thus far acquiesced due to temporary financial assistance, such as food stamps and extended unemployment benefits.

The global Economic Elite have been much more strategic in handling the American public, as they are potentially the greatest threat to their continued consolidation of wealth, resources and power. National populations that are not as powerful, and on the periphery of the Economic Elite’s global empire, have been dealt with in much harsher fashion. In many smaller and less powerful countries the dramatic rise in food prices and costs of living have led to all-out revolt — Tunisia, Algeria, Albania and Egypt were among the first to rebel. While the contagion of rebellion has rapidly spread throughout Northern Africa and the Middle East, it is also spreading in a decentralized manner throughout most of the world, now threatening popular rebellion throughout Europe. Like the US population, the geographically clustered European nations represent a potentially powerful countervailing force to the Economic Elite’s continued domination.

Must Read: UBS’ Andy Lees On Why The US Economy Is Doomed If Nothing Changes…

Posted on 2011 08, 09 by rockingjude

Submitted by Tyler Durden

“With all the mess going on at the moment, I thought it was worth while stepping back a little and trying to look at the bigger picture.” So begins Andy Lees’ latest must read letter to clients whch explains succinctly virtually the entire story of where we were, how we got to where are now, how the current trajectory is unsustainable, why due to decades of capital misallocation anything that the Fed does now is essentially irrelevant, why our untenable debt pile does nothing but perpetuate an unsustainable ponzi scheme which will result in an unseen explosion in the true cost of capital: gold, and why the bond market will eventually, and inevitably, force an epic repricing in the cost of non-gold capital absent the arrival of the deux ex machina of real, actionable innovation that the Fed, and all global central planners, keep hoping for. Because the longer we keep plugging away with that worthless substitute, financial innovation, which is anything but, the greater the final collapse. Andy’s conclusion:Until the debt is cleared and capital starts to be properly allocated, economic growth per unit of additional debt will continue to sour. Until we get some real breakthrough technology, requiring large amounts of capital to both innovate and then roll out, we have no chance of supporting the economy.” Too bad than that this absolutely spot on observation reflect precisely the opposite of what the Fed is pursuing.

Why are we here: simple – years of central planning resulting in the greatest experiment in capital misallocation in history.

We are in this mess because of excessive leverage and excessive consumption, financed by excessively cheap real capital – (not just Bernanke & Greenspan but further back to the end of the gold standard, and in fact even before that as it was this misallocation of capital that forced us off the gold standard in the first place). If capital had been allocated productively, then by definition debt would fall as a percentage of GDP. Total debt may rise, but efficient allocation of capital would always mean the economy would grow faster than the debt as it means you are making a positive rather than negative real return on that capital.

Whichever way you look at it, capital has been massively misallocated for years.

Corporate profits… or massive debt-funded ponzi scheme?

How can that be when corporates report massive profits? The profits are based on paying their workers a salary that meant they could only buy the goods they made by borrowing; in other words, a massive unsustainable ponzi scheme that could only ever end up with default.  Without the household debt accumulation, there would be no market to sell their products to, and without paying the workers sufficient, the debt would always have to default. 

This required a massive increase in financial innovation to keep the illusion of corporate profitability alive – (household debt was a way of delaying putting the true costs through the corporate P&L account and recognising the costs). Financial sector innovation is itself another form of capital misallocation, taxing people away from real innovation – (to keep the illusion alive, an ever greater percentage of economic output had to be allocated to this illusion machine) – helping add to the resource constraint we are in today.

If financial innovation, which we have so much of is not needed, what is the right kind? And why is it so sorely missing.

Who in the world is most in debt?…

Posted on 2011 08, 09 by rockingjude
Uncle Sam with empty treasury, 1920, by James ...

Image via Wikipedia

As bad as the Greek financial crisis seems, the land of Pericles is only the second-most-indebted nation in the world. The government of Japan holds top honors: Its debt equals 234% of its GDP. The reason Japan hasn’t been in financial-crisis mode is that it owes most of that money to itself. By contrast, the U.S., seventh on our list, owes $4.4 trillion to foreigners. To China alone Uncle Sam owes a cool $1.1 trillion. Of course, when measured by total debt, the U.S. has the biggest IOU: $14.3 trillion.

By Brian Dumaine / Graphic by Nicolas Rapp

http://finance.fortune.cnn.com/2011/08/09/who-in-the-world-is-most-in-debt/

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