Latests:

Aug 22, 2011

GOLD $1900: Another great day for gold and silver bugs, thanks to the banksters and their sock puppets politicians

I should not say it, but I told you so: check out old posts tagged gold or silver on this blog. Now you see why the advertising here is a public service.
Gold and silver will continue to go up and upper until The Hierarchy Enslaving You will find a serious solution to the western debt bubble (not anytime soon).

Gold Seeker Closing Report: Gold and Silver Gain Over 2% More

GOLD $1900

Gold Daily and Silver Weekly Charts - La Douleur du Monde - Gold to Lofty Heights
$5,000 Gold and $200+ Silver Predicted

Will Hugo Chavez Touch Off an Epic Short Squeeze in Gold?

India SET for record gold imports

Today the US Mint suspended sales of gold coins again.

Breakout in Precious Metals

Gold channel buster up, now going parabolic up


“By definition gold is never in a bubble. It is the messenger recording the sickness and impairment of the world financial structure. To claim Gold is a bubble is like telling a man with leprosy that his mirror is flawed and disgusting.”






Martin Armstrong: The Rise and Fall of the Euro

According to Martin Armstrong, the collapse of the Euro appears to be due no later than 17.2 years from its birth, making the target 2016.202.

Rise and Fall of the Euro 08-21-2011
_______--

Related:

Bundesbank questions legality of EU bail-outs

Germany's Bundesbank has issued a blistering critique of EU bail-out policies, warning that the eurozone is drifting towards a debt union without "democratic legitimacy" or treaty backing.

9/11/11: 7 Reasons To Brace For Impact

By Zen GardnerBefore It’s News August 22, 2011

False FlagSorry to be the bearer of bad news, but it’s not looking good for this 10th anniversary of 9/11. All the indicators are there to tell us they need a massive distraction and excuse to take this idiotic war on terror to horrific new levels and even more Orwellian internal controls and crackdowns.
Why They’ll Do It Now
1. The illusion is wearing thin and ratings show it.
Obama’s ‘house of corporate banking thugs’ administration is tanking in public perception. The matrix-generated veil of lies is disintegrating as economic realities hit home. His and congress’ ratings are at record lows. His political opponents have even announced publicly to watch out for a false flag.
2. They’ve done it before at similar times.
Clinton did Waco then used it to justify Oklahoma City. Now there’s an interesting precedent. Bush 2 was just a neocon nincompoop stooge, but his ratings were in the basement on 9/10 and soared on 9/11…another two-termer like the criminal Clinton shoed in by false flag catastrophe.
3. The demonization of all Americans as potential terrorists.
As we’ve seen with the Norway patsy repeat, the enemy is now arch-anythings. Arch conservatives, activists, Christians, militia, military vets, religious whack jobs, disgruntled taxpayers, people who don’t want to get x-rayed or fondled by the TSA, people with guns, cars with Ron Paul stickers, children selling lemonade without a license…it’s beyond wrong.
4. Martial law is just a click away.
Now, how would a leader (really cabal) in power possibly stay in power with an election he (the staged figurehead) appears bound to lose….WHILE the PTBs have this craving need to abolish the last vestiges of civil liberties in the name of “homeland security”? Got any ideas?
Now don’t give Obummer one iota of credit for anything except being a perfect patsy and mind control subject. He’s a ‘keeper’ in those categories…which is why they’ll wanna “keep” him in.
Nothing’s written in stone, but it sometimes gets close.
I will be shocked if there are elections next year. It’s way too easy to find a way around them in this climate. They’re gonna declare martial law, and..maybe..call for a constitutional convention which is as close to a political oxymoron as you’ll ever get. It’s got to look “democratic” after all. Ha.
Never mind “Homeland Security” antics, FEMA’s activities and the militarization zones appearing around the country are a dead giveaway. This “global unrest” they’re pointing to now as a precedent to prepare American police I’m not sure is organic at all. Yes, people are mad, but they’re being instigated and herded into a form of expression that only spells more fascism worldwide.
5. 9/11 – Build on the emotional impact
Never before events promoting the 9/11 myth are being scheduled around the country. Bad sign. Who would do that? In Dallas for example a big event is scheduled for 9/10. Why this year? Are mainstream people really in the mood to celebrate death and destruction and war and more war while their worlds crumble about them? What are they rallying for? More Islamophobia, support for killing innocent Libyans, and then jack ‘em up to endorse wars with Syria, Saudi Arabia and Iran?
So wrong on so many levels. But they’re already doing this in the mainstain media. It’s a set up.
All this is fabricated by bastards behind the scenes who see the rest of us a dumb cattle. This is misdirection. Complete social engineering at its worst. But it works. We’ve been asphyxiated from truth, and the effects are setting in.
But see the “opportunity”? What if on that very day, while these limp attempts to arouse fading emotions are on display and heightened by a complicit media, there IS an event?!
Wham!
6. The Demonization of “Truthers” and an alternative media crackdown
OK, we’ve seen this coming for a long time. But just imagine who they’d blame an “event” on–especially in such an emotionally super-charged environment. Don’t have to be a prophet to see the potential.
Norway set the stage. White man goes ape-shit with clear conscience…due to political views. Huh?
They’ve wanted to get a stronger handle on the internet and clamp down on truth-spreading websites and blogs for a long time. They just need an excuse. Wikileaks softened the ground on this in the public mind, as have other alternative media issues, but watch them run the gamut if something big does take place. They’re trigger happy and getting their ducks in a row.
That’s what they do. And the Truthers need to be demonized and silenced..they’re getting too close now. The 9/11 Truth movement has gained monumental momentum….BECAUSE it’s the Truth! And they know it.
7. Not A Reason–Just please be prepared–for anything.
I don’t mean to bring on negative intentions and manifest anything by pointing out these possibilities….BUT…to be forewarned is to be forearmed. And if it’s not now, it’s soon.
Don’t get hung up on the date or any details. I just think people should be prepared…and now….and I mean not only psychologically and spiritually, but practically. Where are you and your family gonna be on that day? Do you have a plan on where to meet loved ones in the case of calamity? Do you have food and water, protection, community?
These should all be in place now, but if you haven’t done these things yet, DO! It gives peace of mind at the least.
“Better to have it and not need it, than to need it and not have it.”
In Love, Zen
___________

Related:
Pay with cash? Insist on privacy? Buying survivalist gear? FBI warns you might be a terrorist

Process of Elimination: The West's Rapid Slide Into Slaughter

By Chris Floyd, August 21, 2011

As it is written: "Though we seemed dead, we did but sleep." We have finally returned from a series of grueling and at times bewildering traversals of the planet in several directions. Still a bit dazed, we will shortly be back in fighting trim.

In the meantime, I would by no means insult your intelligence by suggesting you go immediately to Arthur Silber's site to partake of the feast of biting, bitter yet buoyant wit and slashing insight that he has produced during our time away. Surely it would be superfluous in me to point the readers of this site to Silber's work; surely your own discernment and good sense have already led you there on a constant and continual basis.

But on the off chance that some stray pair of eyes (among the ever-dwindling pack of peepers that wander by these precincts) have not yet hied to Silber -- do so, now. For there are ugly things afoot -- an acceleration of the already long-accelerating on-rush of the nations of the West into the hardest, most brutal kind of authoritarianism. It is happening on an array of fronts, aggressively, simultaneously, from every direction. As Silber notes in this landmark piece, "
Caught Up in Nightmare: Killing Jack Rabbits":

The ruling class now visits on its domestic populations the same fate it has delivered for hundreds of years to those deeply unfortunate peoples who lived in targeted foreign countries. In their pursuit of power, wealth and dominion, the ruling class systematically brutalized, tortured, "relocated" and murdered those foreign peoples in vast numbers. (All this continues today, of course; see Iraq, Afghanistan, Pakistan, Somalia, Yemen, et al.) ....

England and the United States are hollowed-out societies, with their former productive capacity vanishing at an ever-increasing rate. In close alliance with the State, the most powerful and wealthiest corporations continue to amass record profits, but only by siphoning up every last bit of wealth held by the numerically greatest, but otherwise weakest and most defenseless, part of the population. Every significant piece of legislation must be viewed in this context. This is true even of legislation which styles itself as concerning matters which would not appear to be directed to policing the "undesirable" elements of the population. Thus, Obama's heralded "health reform" bill, which I dubbed The Fuck You Act, has very little to do with providing health care, but everything to do with brutally controlling the weakest segments of society and extracting what little money they have left for the benefit of already vastly wealthy insurance companies and their constant partner, the State.

Although it is perilous to make such judgments as events continue to unfold, the evidence strongly compels the conclusion that we have entered the death spiral for the West's ruling class. The disfavored members of society have less and less economic resources of their own to be extracted, and fewer (and often non-existent) opportunities for improving them. Simultaneously (and inextricably connected to this point), the same disfavored members are increasingly unable to defend themselves in any area of their lives. The growing surveillance State watches over them day and night, privacy approaches the point of complete eradication, and the State continually adds to the weapons it uses to harass, intimidate, brutalize and imprison them. The State's methods of control are increasingly, brazenly explicit and crueler by the day. ...

If we broaden our perspective, and if we look beyond particular developments and attempt to grasp what is happening over a longer period of time, the nature of the horror that awaits us takes on a clearer shape: The West's ruling class is embarked on a program of killing and elimination. A general caution should be kept in mind. I'm not suggesting that this program is one that the ruling class has explicitly identified, even to itself, at least not necessarily. The ruling class is intent upon increasing its own power and wealth; in one sense, that is its only concern. I suppose, in some fantasy world, the ruling class would be content to enjoy its immense power and wealth while "ordinary" people pursue their own lives of contentment. This, of course, is the goal which the ruling class announces, and which it desperately tries to convince both itself and us is true.

But we don't live in that fantasy world. In this world -- and, I would argue, in any world where brute power is the final means of settling every dispute, especially when that power is consolidated in the State -- the ruling class seeks power and wealth by dominating and controlling the weaker segments of society. The ruling class may not set out to kill those people it finds unnecessary for its aims, but if the ruling class can maintain and increase its power and wealth only by eliminating them, it will eventually eliminate them. This is the logic of the ruling class's desires. It is certainly true that the ruling class could change much of this if it wished to: the productive capacity of both England and the United States could be reinvigorated, and much new wealth could be created and enjoyed by many more members of society. But the ruling class believes that would necessitate the diminishment of its power and wealth, so they will not consider the possibility seriously.

The ruling class dreamed a nightmare, and made it real. We are now caught up in it. For many of us -- certainly for me, and very possibly for you -- the end result is clear: the ruling class intends to kill us. Not today or tomorrow, the ruling class hasn't reached that point of desperation quite yet, but they'll kill us soon enough. We have no value to them; we're superfluous; we're not needed.

Here Silber is giving more eloquent and deeper voice to a theme I was trying to sketch out some years ago, in a piece called "Worm Turning." Written in 2004, it focused on the Bush family, then in power; but of course, the critique applied -- and applies -- far more generally to our thoroughly bipartisan elite. As I put it then (with slight editing here to broaden the point):

... Underneath all this bristling array there is nothing but a tiny white maggot of greed, wriggling and gorging on scraps of rotting meat. No deep beliefs or high ideals inform the [elitist] ethos, which can be boiled down to one sentence: Grab your pile and screw anybody who gets in the way. War, energy and corporate finance just happen to be where the money is at. And raw, secretive political power -- unfettered by courts, laws, legislators or public scrutiny -- is the most effective way to safeguard and augment these investments.

That is not to say that the [elitist] credo lacks all nuance. There is in fact a very important refinement to their wormy greed: Loot should always be obtained without the slightest risk to your own financial position. The "free market" must be shunned at all costs -- and manipulated by string-pulling, deceit and intimidation when competition is unavoidable. Thus the [elite] model is to cozy up to governments -- preferably strongman regimes free to ladle out public money to their favorites with no questions asked. ...

[Our elites] don't sit in dark corners and cackle over the idea of children being chewed to pieces by American bombs. Nor do their nostrils flare with righteous rage at the thought of homosexuality or abortion or nipples on national television. It's just that war profiteering, corporate rapine and cynical pandering to the public's worst instincts are the easiest way to get the unearned riches they crave ...

Perhaps if they could obtain these same privileges as easily by other, less horrific means, they would. As it is, they take the world as they find it, and go about their business without fretting over the consequences -- the dead, the ruined, the spreading hate, the poisoned planet. Why should they care? As the maggot cannot see beyond the meat, so too these men of greed-stunted understanding can see nothing of worth outside their own bottomless appetites.

Back to Silber, and to our garishly nightmarish present-day:

Before the ruling class finally eliminates the "undesirables," there is a necessary preceding step: the most disfavored, weakest elements of society must be demonized. I heard the following article first mentioned by Rush Limbaugh; it was quickly picked up by many conservative commentators (including self-identified "libertarians"). Limbaugh praised the article in glowing terms; he thought it identified the crucial issue in especially eloquent terms. For Limbaugh, the crucial issue was one made familiar in connection with history's bloodiest and most horrifying episodes of mass murder, although Limbaugh himself failed to note that fact. I'm sure it was merely an oversight. The crucial issue is, obviously, that the rioters are, as Limbaugh summarized it, "human only by virtue of their DNA." The rioters are not actually human at all; they are sub-human, animals deserving only to be put down.

There is much, much more in this single post by Silber -- including the deeper historic context of our landslide into eliminationism -- not to mention the other recent offerings: here, here and here. Again, if you have not yet read them, I urge you most strongly to go there and read them now.


________--


Related:
Donald Trump Upset That We Haven't Already Taken All of Libya's Oil [Video]

What Is Going On in Tripoli?

From ORIENTAL REVIEW :
What Is Going On in Tripoli?

After 6-months-long failing attempts to overthrow Gaddafi by the hands of ‘Libyan rebels’ and to weaken his regime by permanent bombings, the ‘democratic’ powers have put their last ace on table.
On Saturday evening August 20, 2011 they have launched a large-scale special land operation in Tripoli with the support of NATO aviation. British SAS, French GIGN and Foreign Legion, several US-based private paramilitary armies and few local jihadist groups are participating in this massacre. More than 1300 Libyan civilians are already reportedly killed in the action.

According to the Russian sources in Tripoli, the situation is still uncertain. There is no notable presence of the foreign seals in the city centre. The combat thunder is being heard from the outskirts of Tripoli. ‘The shops are closed, the streets are being patrolled by the Libyan army and police units,’ – says the source. Anyway, the chances for army and civil militias to fight back professional thugs should not be overestimated. Libyan national TV and radio stations are reportedly captured by the Western Special Forces.

At the same time it is even more curious to note the tricks undertaken by global mainstream media to show a supposed ‘public rejoicing’ in Tripoli. The footage, broadcasted by Al-Jazeera and other ‘independent’ channels, was actually taken in a special pavilion built last month near Doha, the capital of Qatar. This pavilion reproduces the fragments of Tripoli squares, but some details reveal the deceit, e.g. the absence of existing architectural forms (on picture).


http://orientalreview.org/wp-content/uploads/2011/08/21362522.jpg

Another evidence is a number of lifting cranes at the background of ‘Al-Jazeera correspondent on Green Square’ (on picture), which are not the case in reality. Apparently the cranes were used for construction works at the false Tripoli complex in Doha, but were not removed in time as there was no leakage of the exact date of assault and launch of media war.

What will be the main intrigue of the following days? It is how are they going to conceal (or explain) the hundreds of corpses of dead European and American elite special forces’ officers to be brought back from Libya in zinc? Post-Gaddafi mopping-up will not be a one-day routine for sure. A bloody partisan street war in Libya is ahead. And jihadist groups alone have no chances for success. The NATO gangster is about to tear off its mask.
__________



Things That Make You Go Hmmm: Could Venzuela’s Orders to Repatriate Gold Trigger Largest Bank Run in History?

From American Pendulum:

Chavez’s long-time hatred of the United States is well-documented and he has, for many years, been a figure of some amusement on the world stage with his bombastic rhetoric, fist-pounding condemnation of capitalism and unrestrained loathing for the US dollar, but, after years of ineffective attacks against America, this time, he really may have started a chain reaction that could quickly spin out of control.

The bullion banks are selling what is supposed to be vault gold, but it is just a ledger entry if the customer never asks for delivery. The bullion banks must balance their exposure with a ledger deposit entry. This has to be some paper promise of gold from a third party, or some derivative, or even some real gold bullion. If all the ledger entries balance out, then the bullion bank has no net exposure in exactly the same way the futures market works with a short off-setting a long.
So the giant Ponzi trading of gold ledger entries can be sustained only if there is never a liquidity crisis in the REAL physical market. If someone asks for gold and there isn’t any, the default would trigger the biggest bank run and default in history. This is, of course, why the central banks lease their gold or sell it outright to the bullion banks when the bullion banks are squeezed by high demand for REAL physical gold that cannot be met from their own stocks.
Bingo! There it is.
“If someone asks for gold and there isn’t any, the default would trigger the biggest bank runand default in history.”




Hmmm August 20 2011

Libyan War: Gaddafi Falls ... But Why Did We Invade In The First Place?


From Washington's blog:


Now that the Libyan "rebels" have taken Tripoli, and Gaddafi's days are quickly ending, it's time to take stock about the meaning behind the war, and why we're really there.


A War For Oil and Gold?

Initially, many say that the Libyan war is really about .oil. If Libya didn't have large oil reserves, we wouldn't be there.
And the Independent ... noted in April that one of the main movers and shakers for the Iraq oil shenanigans has been mucking around in Libya as well:
Lady Symons, 59, later took up an advisory post with a UK merchant bank that cashed in on post-war Iraq reconstruction contracts. Last month she severed links as an unpaid adviser to Libya's National Economic Development Board after Colonel Gaddafi started firing on protesters ...
In 2009, Gaddafi proposed nationalizing Libya's oil reserve. As Reuters reported at the time:
Hundreds of thousands of Libyans gathered on Wednesday to discuss the proposal by their leader Muammar Gaddafi to disband the government and allow the country's oil wealth to flow straight to the people.


"Libyans, this is your historic opportunity to take over your oil wealth, power and full freedom. Why do you want to let the chance slip away from you?"
(Nationalization of a country's resources is often a cause for invasion. For example, Guatemala's nationalization of it's fruit processing facilities led to a U.S.-sponsored coup.)


Libya also has 143.8 tons of gold ... and some speculate that is the real reason for the invasion.


Of course, most Americans strongly opposed invasion of Libya or other Arab countries - but that is only because they didn't see the value of spilling our sons' and daughters' blood to secure oil and gold.


And the Arab states themselves were not motivated to take down Gaddafi, leading to accusations that this is Western colonialism and imperialism. (And some of the other Arab states have large oil reserves as well, and so aren't as keen to obtain Libya's stash).


We are certainly not "liberating" Libya for democracy or even to stop violence. As I noted in March:


Obama is ... aiding the Libyan "rebels", even though there are allegations that 1,000 of them are Al Qaeda radicals (and there are some indications that their leader is a CIA asset).


Libyan War Planned Right After 9/11 ... Or Before
Toppling Gaddafi was planned right after 9/11, or perhaps even before.

As American reporter Gareth Porter reported in 2008:
Three weeks after the September 11, 2001, terror attacks, former US defense secretary Donald Rumsfeld established an official military objective of not only removing the Saddam Hussein regime by force but overturning the regime in Iran, as well as in Syria and four other countries in the Middle East, according to a document quoted extensively in then-under secretary of defense for policy Douglas Feith's recently published account of the Iraq war decisions. Feith's account further indicates that this aggressive aim of remaking the map of the Middle East by military force and the threat of force was supported explicitly by the country's top military leaders.
Feith's book, War and Decision, released last month, provides excerpts of the paper Rumsfeld sent to President George W Bush on September 30, 2001, calling for the administration to focus not on taking down Osama bin Laden's al-Qaeda network but on the aim of establishing "new regimes" in a series of states...

***

General Wesley Clark, who commanded the North Atlantic Treaty Organization bombing campaign in the Kosovo war, recalls in his 2003 book Winning Modern Wars being told by a friend in the Pentagon in November 2001 that the list of states that Rumsfeld and deputy secretary of defense Paul Wolfowitz wanted to take down included Iraq, Iran, Syria, Libya, Sudan and Somalia [and Lebanon].

***

When this writer asked Feith . . . which of the six regimes on the Clark list were included in the Rumsfeld paper, he replied, "All of them."

***

The Defense Department guidance document made it clear that US military aims in regard to those states would go well beyond any ties to terrorism. The document said the Defense Department would also seek to isolate and weaken those states and to "disrupt, damage or destroy" their military capacities - not necessarily limited to weapons of mass destruction (WMD)...

Rumsfeld's paper was given to the White House only two weeks after Bush had approved a US military operation in Afghanistan directed against bin Laden and the Taliban regime. Despite that decision, Rumsfeld's proposal called explicitly for postponing indefinitely US airstrikes and the use of ground forces in support of the anti-Taliban Northern Alliance in order to try to catch bin Laden.

Instead, the Rumsfeld paper argued that the US should target states that had supported anti-Israel forces such as Hezbollah and Hamas.

***

A senior officer on the Joint Staff told State Department counter-terrorism director Sheehan he had heard terrorist strikes characterized more than once by colleagues as a "small price to pay for being a superpower".
General Clark added some details in 2007:


I had been through the Pentagon right after 9/11. About ten days after 9/11, I went through the Pentagon and I saw Secretary Rumsfeld and Deputy Secretary Wolfowitz. I went downstairs just to say hello to some of the people on the Joint Staff who used to work for me, and one of the generals called me in. He said, "Sir, you’ve got to come in and talk to me a second." I said, "Well, you’re too busy." He said, "No, no." He says, "We’ve made the decision we’re going to war with Iraq." This was on or about the 20th of September.


***
So I came back to see him a few weeks later, and by that time we were bombing in Afghanistan. I said, "Are we still going to war with Iraq?" And he said, "Oh, it’s worse than that." He reached over on his desk. He picked up a piece of paper. And he said, "I just got this down from upstairs" — meaning the Secretary of Defense’s office — "today." And he said, "This is a memo that describes how we’re going to take out seven countries in five years, starting with Iraq, and then Syria, Lebanon, Libya, Somalia, Sudan and, finishing off, Iran."
Obama is simply carrying out the Neocons' war plans created right after 9/11 ... if not before.


Challenging The Supremacy of the Dollar and Western Banks

Ellen Brown argues in the Asia Times that there were even deeper reasons for the war than gold, oil or middle eastern regime change.
Brown argues that Libya - like Iraq under Hussein - challenged the supremacy of the dollar and the Western banks:
Later, the same general said they planned to take out seven countries in five years: Iraq, Syria, Lebanon, Libya, Somalia, Sudan, and Iran.

What do these seven countries have in common? In the context of banking, one that sticks out is that none of them is listed among the 56 member banks of the Bank for International Settlements (BIS). That evidently puts them outside the long regulatory arm of the central bankers' central bank in Switzerland.

The most renegade of the lot could be Libya and Iraq, the two that have actually been attacked. Kenneth Schortgen Jr, writing on Examiner.com, noted that "[s]ix months before the US moved into Iraq to take down Saddam Hussein, the oil nation had made the move to accept euros instead of dollars for oil, and this became a threat to the global dominance of the dollar as the reserve currency, and its dominion as the petrodollar."

According to a Russian article titled "Bombing of Libya - Punishment for Ghaddafi for His Attempt to Refuse US Dollar", Gaddafi made a similarly bold move: he initiated a movement to refuse the dollar and the euro, and called on Arab and African nations to use a new currency instead, the gold dinar. Gaddafi suggested establishing a united African continent, with its 200 million people using this single currency.

***
And that brings us back to the puzzle of the Libyan central bank. In an article posted on the Market Oracle, Eric Encina observed:
One seldom mentioned fact by western politicians and media pundits: the Central Bank of Libya is 100% State Owned ... Currently, the Libyan government creates its own money, the Libyan Dinar, through the facilities of its own central bank. Few can argue that Libya is a sovereign nation with its own great resources, able to sustain its own economic destiny. One major problem for globalist banking cartels is that in order to do business with Libya, they must go through the Libyan Central Bank and its national currency, a place where they have absolutely zero dominion or power-broking ability. Hence, taking down the Central Bank of Libya (CBL) may not appear in the speeches of Obama, Cameron and Sarkozy but this is certainly at the top of the globalist agenda for absorbing Libya into its hive of compliant nations.
Granted, the Federal Reserve provided billions in loans to Gaddafi not too long ago.

But in this 1984 world, we've always been at war with
Eastasia.

Postscript: I have no love for Gaddafi, just like I hated Saddam Hussein, who was a ruthless dictator. I am simply pointing out that the stated reasons for the Libyan war - just like the Iraq war - were false.



Do the Maths

From Safehaven, Mon, Aug 22, 2011
By: Puru Saxena  

BIG PICTURE - Let's face it; many of the world's 'developed' nations are insolvent and the writing is on the wall. Either these indebted states will default or they will try and inflate their currencies into oblivion.
As far as the US is concerned, it still has the privilege of owning the world's reserve currency and its central bank can always create more dollar bills out of thin air. Thus, it is unlikely that the US will ever default on its debt obligations.
Unfortunately, thanks to the brilliant invention of the single currency, the European states do not have the luxury of printing or debasing their currencies. Accordingly, their hands are tied and they are now at the mercy of their foreign friends. Make no mistake, the Greeks, Portuguese and the Italians simply do not have the choice of printing drachmas, escudos or lire. Therefore, unless their creditors accept some big haircuts on their loans, sovereign defaults are inevitable.
Politicians can lie all they want, but the truth is that the debt obligations of these European nations are simply too large relative to the size of their economies. In Greece, government debt now represents almost 160% of GDP and the average yield on Greek debt is around 15%. Thus, if Greece's debt is rolled over without restructuring, its interest costs alone will amount to approximately 24% of GDP. In other words, if debt pardoning does not occur, nearly a quarter of Greece's economic output will be gobbled up by interest repayments! Looking at this simple maths, it is obvious to us that unless the Germans or the French comes to its rescue, Greece will default within 2-3 years.
Figure 1 captures the sorry state of affairs in Europe and highlights the continent's huge debt overhang. Topping this infamous list is Greece and as you can see, Italy, Ireland, Portugal and Belgium complete the top five slots. Moreover, it is interesting to note that only five member states have abided by the EU Stability Pact's debt ceiling of 60%!
Figure 1: Euro countries - government debt to GDP ratio
Euro countries - government debt to GDP ratio
Source: European Commission

In our view, Greece's economy is small enough that the Germans and/or the French may pick up the tab. So, we are not especially concerned about an immediate sovereign default by Greece.
Unfortunately, the Italian economy is a whole lot bigger and its government debt comes in at a staggering Euro 1.9 trillion (US$2.7 trillion). At the time of writing, the 10-year Italian bond yield has jumped to 5.76% and if it continues to rise, elementary maths tells us that Italy will have a serious problem on its hands. It is noteworthy that the recent surge in Italy's bond yields will increase borrowing costs, which the government estimates will total Euro 75 billion this year or nearly 5% of GDP. According to our estimates, if the average interest rate on Italy's debt rises to 6% by 2014, annual financing costs will jump to Euro 110 billion or almost 7.5% of GDP. Given the sheer size of the sums involved, it is highly unlikely that the German and/or the French citizens will allow their governments to pick up Italy's tab. Thus, it is our contention that Italy will ultimately prove to be a bigger nightmare than Greece. Nonetheless, we suspect that any sovereign default will not occur anytime soon. Instead, some of the troubled European states will default towards the end of the next big bear market, which seems to be several months away.
Across the pond, the government debt in the world's largest economy has climbed to US$14.34 trillion (Figure 2) and equates to almost 96% of GDP!

Figure 2: Houston, we have a problem!
Gross Federal Debt
Source: www.thechartstore.com


At present, most of this debt is of the short-term variety and thanks to record-low interest rates, it is being financed cheaply. Therefore, with artificially suppressed short-term rates, financing the US debt is not a problem just yet. However, if inflationary expectations rise and rates appreciate significantly, this debt will have to be refinanced at higher and higher yields. When that happens, the average weighted cost of capital will rise, pushing up borrowing costs to intolerable levels. At that point, a much greater chunk of America's future output will be used up for interest repayments, thereby exerting additional pressure on the economy.
When the interest payments on US debt become painfully high, Mr. Bernanke will be called upon to unleash the hyperinflation genie. If our assessment is correct, before Mr. Bernanke really unleashes the money creation machine (yes, we have not seen anything yet), the US government will probably dramatically lengthen the maturity of its debt. By fixing its own long-term borrowing costs in advance of the great inflation, the US government will escape the wrath of surging market interest rates.
Look. Whichever way you cut it, the maths simply does not add up. Given the massive debt pile and sluggish economies of the developed world, it is obvious to us that debt restructuring is the only viable solution. If the West wants to avoid economic Armageddon and/or hyperinflation, debt pardoning must commence without further delay. The creditors and bondholders must accept their losses and take haircuts on their loans; otherwise, they will eventually be repaid in worthless money!
The trouble with debt restructuring is that it will wipe out banks' equity and the contagion will cause many financial institutions to go bust. Furthermore, debt restructuring or defaults will trigger billions of dollars of payments on the credit default swaps which were also issued by the same banks! So, you can see why the banking elite (in conjunction with the politicians) are desperately trying to avoid the inevitable. The truth is that the banking elite do not want to take the losses and they would rather shove more debt down the throat of the troubled states. After all, they print the currencies, so handing out a new loan is not a problem. What they do not want to see is debtors walking away from their obligations, because such a scenario will expose the banks' insolvency. Figure 3 shows the exposure of the major European banks to the peripheral economies and as you can see, it is not a pretty sight!

Figure 3: European banks' exposure to the Periphery (euros, millions)
Larger Image - Source: CEBS, Morgan Stanley


Now, we are aware that 'austerity' has become a fashionable word and many politicians are talking about cutting their budget deficits. However, we are of the view that all this talk is political jawboning and nothing will be done to address the deep rooted structural problems. As long as governments do not have the power to issue their own currencies and this right lies with central banks, the world's debt woes will not and cannot go away.
We are happy to note that we are not the only sceptics, even the economists at the Bank for International Settlements (BIS) agree that debt levels will continue to spiral out of control. Figure 4 from the BIS projects the slice of GDP each nation will have to fork out in the future for interest payments on federal debt. As you will note, the BIS is not optimistic and it expects that the interest payments for all these countries will surge as a percentage of GDP. In fact, the BIS believes that by 2040, interest payments in the UK will account for 27% of GDP and interest payments in the US will account for 23% of GDP! Whilst we agree that such long term forecasting cannot be accurate, we are convinced that the debt overhang will crush the economies of the developed world.
Figure 4: Projected interest payments as a percentage of GDP
Projected interest payments as a percentage of GDP
Source: Bank for International Settlements


Bearing in mind the gigantic debt pile, large budget deficits and rising financing costs, it is not surprising that we remain pessimistic about the developed economies. In our opinion, the West is now well past its prime and the next decade will reveal many cracks in that society. Furthermore, although we are bearish about the US economy, we believe that the Federal Reserve's ability to inflate will prevent an outright sovereign default. On the other hand, we are not so sanguine about Europe and believe that within the next few years, one or two weak member states may declare bankruptcy.

Globalist Richard Haas Calls for NATO Occupation of Libya - Or, "How the Devil Pays"

By Tony Cartalucci
The Financial Times has featured an editorial penned by Council on Foreign Relations president Richard Haas titled, "Libya Now Needs Boots on the Ground," where the arch globalist states that Libya's rebels are in no way capable of rebuilding Libya properly and will require an "international force" to maintain order. Haas breathtakingly admits that the NATO intervention to "protect civilians" was in fact a political intervention designed to bring about regime change. With NATO leading the offensive against Tripoli, a relatively calm city until now, the alleged cause of "protecting civilians" rings hollower than ever.
Photo: One of the founding fathers of Al Qaeda, Robert Gates (left) and CFR president Richard Haas (right).


Haas goes on to explain that NATO's "success" is what requires this international assistance in the predictable form of an occupation force to deal with looting, "die-hard regime supporters," and tribal war. Haas also implores Obama to reconsider his decision to rule out American boots on the ground and to do so quickly.


Of course, NATO didn't just spend the last 5 months conducting 7,000+ airstrikes on Libya to "protect civilians" and then ride off into the sunset. This was a war of conquest from the very beginning, with globalists openly declaring it would determine the "primacy of international law" over the nation-state. In fact, the initial uprising itself was gestated in Washington and London where opposition leaders were provided resources and safe-havens to conduct their sedition, with globalist stooges like Ibrahim Sahad literally sitting in front of the White House calling for NATO to bomb his homeland. NATO, its members, particularly the US, UK, and France, and the globalist corporate-financiers behind them, fully intend to rebuild Libya according to their own aspirations shoehorned into a national consensus imposed upon the Libyan people under the guise of "democracy" and "civil society." We are watching a modern empire expand its boundaries into yet another sovereign nation.


Readers may remember an April 2011 article titled "Libyan Rebels Fighting the Globalists' War" with the ever increasingly appropriate subtitle, "How the Devil Pays." In it a caption attempts to sum up Libya's future by stating, "if these rebels really think the West is going to hand them Libya and its riches, they have another thing coming. The Neo-Con arm of the globalist agenda is already seeding the ground to deal with "extremists" coming to power after the "Arab Spring" runs its course. That means Libya's oil & future will be left in the hands of NATO troops, not the Libyan people."


The article continues:
"While the dichotomy of Western politics is merely for public consumption, what each camp states publicly can be put together as a composite giving us a clearer picture of the overall globalist agenda. Neo-Conservative war monger Daniel Pipes, a PNAC signatory, CFR member, and co-conspirator in many of the darkest chapters of recent American history, was recently sharing his "doubts" over the final result of the "Arab Spring." He believes that ultimately extremists will prevail in many cases and only complicate US relations with certain countries.


Of course, Pipes most likely didn't miss the memo and is fully aware that the "Arab Spring" is a US funded gambit, one his fellow "Neo-Cons" lining the National Endowment for Democracy and the fraudulent Freedom House are admittedly involved in. At the very least, he must have picked up the New York Times and read as much. So what exactly is Pipes trying to tell us? He is saying that as soon as the Libyan rebels secure Libya, or the Muslim Brotherhood takes hold of Syria, or Yemen, or wins out in a co-opted counterrevolution against International Crisis Group stooge Mohamed ElBaradei in Egypt, the blinders Western propagandists seem to be wearing will suddenly drop and point out that indeed the globalists have installed extremists "by accident."


To rectify this, Libyan rebels will be betrayed just as quickly as Qaddafi was. They will be removed from power, and replaced by Western stooges protected by NATO ground troops, conveniently already being put on the ground in Libya, and will stay there permanently. The globalist "Neo-Con" think tank Foreign Policy Initiative has stated, "The best way to reduce the potential dangers posed by extremist infiltration is for the United States and its allies to remain engaged in Libya."


This engagement most likely will take the shape of the other unending "engagements" in Iraq and Afghanistan, and the years of cross-border raids into Pakistan. The oil money that once built water ways, public housing, and farms from Benghazi to Tripoli, will be funneled directly out of the country and into the corporate-financier's accounts. The corporate-financier oligarchs will have taken yet another nation-state down with the help of its own gullible population, and for their gullibility, they will pay for the rest of their lives, as will their children and their children's children.


To understand the full scope of the global corporate-financier oligarchy's designs toward any given nation, we must simply look back at the brazen admissions made over the intended future stemming from the outright military conquest of Iraq and Paul Bremer's (CFR) planned economic reformation of the broken nation. The Economist enumerates the "economic liberalization" of Iraq in a piece titled "Let's all go to the yard sale: If it all works out, Iraq will be a capitalist's dream:"


1. 100% ownership of Iraqi assets.


2. Full repatriation of profits.


3. Equal legal standing with local firms.


4. Foreign banks allowed to operate or buy into local banks.


5. Income and corporate taxes capped at 15%.


6. Universal tariffs slashed to 5%.


Anyone who would willfully make a deal with such people must have their discernment called into question. As Hugo Chavez of Venezuela said of Hosni Mubarak's decades of appeasing the globalists and his eventual ousting from power at the hands of US funded, trained, and supported protesters, "that's how the devil pays." Indeed it is, and it is an instructive lesson for others including the rebels of Benghazi to consider as they attempt to make their own deals with the globalists today."


And indeed, as NATO rushes through to the finish line with a spectacular display of mass-murder and mayhem in Libya, and with the rebels dancing in the streets as NATO warplanes roar overhead, the time is soon approaching for Benghazi to pay back the West for their "help."


As pundits in the duplicitous corporate media feign ignorance over the future of Libya, as if it is truly in the hands of the Libyan people as Obama cartoonishly portrayed in his latest teleprompter reading, the self-proclaimed "Transitional National Council" leader Gibril Elqarfally gave us cyrstal clear picture of Libya's future - one inspired by globalization. In a May 12, 2011 talk before the Brookings Institution, he claimed “what’s taking place is a natural product of the globalizational process that started in the mid-80′s.”


Elwarfally talks about a “new global cultural paradigm,” “new global values,” common values, shared by many “young people.” These young people, he says, are calling for human dignity, democracy, and inclusion at all levels of national government, repeating verbatim statements coming from geopolitical meddler Zbigniew Brzezinski and the myriad of US-funded NGOs that promote these “new global values.”


Photo: Libyan rebel leader Gibril Elqarfally stands before the Fortune 500-funded Brookings Institution openly declaring fealty to the globalist agenda of interdependency and subservience to a Wall Street-London international order.
....

When asked by an audience member what Libya will look like in 2025, it turns out conveniently he was part of a study by Libyan professors and “Libyan practitioners” in 2007-2008 titled “Libya: Vision 2025.” Not surprisingly, this project was conducted with input from the IMF and involved Libya’s placement within the “global scene.” Elwarfally laments that Libya’s oil reserves are limited and that the solution is a transition to a service economy. He also claims Vision 2025′s conclusion included an education shift, turning Libya into “a lake” to develop the skills of Africans to serve the needs of the European Union.


Surely Africans are eager to once again be in the service of wealthy Europeans, who at one point owned tremendous swaths of their continent, some tycoons naming entire nations after themselves in the ultimate expression of imperial megalomania. Elwarfally, a man educated in Pittsburgh, and apparently a lifelong fan of globalization, stuns us with his frank comments and his disturbing vision for the future of not only Libya, but the role it will play in directing Africa’s efforts and resources toward American and European corporate-financier interests.


While Qaddafi's comments are dismissed out of hand, a recent message sent to his followers amidst fighting in Tripoli declared, "the traitors are paving the way for the occupation forces to be deployed in Tripoli." It seems no truer words have ever been spoken and the Libyan people, including the rebels, will have no one but themselves to blame if they allow such a way to be paved.

BREAKING: Prominent American Activist Shot By Sniper Fire in Tripoli, Internet Cut

Just in from Activist post:

BREAKING: Prominent American Activist Shot By Sniper Fire in Tripoli, Internet Cut

The Palestine Civil Rights Campaign-Lebanon confirms reports that Franklin Lamb was shot at approximately 11:45 a.m. on Sunday August 21 in Tripoli, Libya outside of the Corinthia Hotel where he has been staying.  Franklin P. Lamb, LLM,PhD is the Director of Americans Concerned for Middle East Peace, Wash.DC-Beirut. Lamb is doing research as a board member for the Palestine Civil Rights Campaign-Lebanon in Libya.  Lamb has covered the unfolding situation in Libya as a contributing writer to this website and many others.

Franklin had just returned from a 90 minute bicycle tour of central Tripoli and was walking past the hotel swimming pool when he was hit in his right leg.  Witnesses report having seen sniper fire coming from the roof of the Marriott Hotel across from the Corinthia.

Franklin is reportedly doing well. The bullet has been removed and he is resting comfortably.  PCRC tells Activist Post that Lamb wishes that no one should be concerned and that he will be fine.

It's unclear whether Lamb was targeted for his highly-critical reporting of NATO as the aggressor in Libya. It's also reported that Internet has been cut in Libya, so reports are likely to be delayed inside Tripoli.

This article includes direct quotes from an email sent to Activist Post by Lamb's associates.

Please check their website for UPDATES and sign their petition HERE. Please send your support to Dr. lamb who is reachable c\o fplamb@gmail.com or fplamb@palestinecivilrightscampaign.org.






 
Dr. Franklin Lamb Reports From TripoliTripoli on the Cusp
It is said by many here that tens of thousands are ready to repulse invaders who try to enter Tripoli. Support for Colonel Gadaffi appears to reflect even Western polls such as the one referred to by the UK Guardian recently that Libya’s leader Colonel Kaddafi's popularity had perhaps doubled during the current conflict.   (read more)



Will Obama Pull the Plug on NATO's 'Imminent Liberation of Tripoli'?
I got an ear full this week from sources familiar with John Kerry’s Senate Foreign Relations Committee activities about President Obama’s semi-private views on what is happening in Libya and the President's  rapidly growing doubts about NATO’s role in bombing this unlucky country. (read more)

_________

Related:
‘NATO Wants Bloodbath in Tripoli’: Journalists Shot At.

Truth journalist Mahdi Nazemroaya fired on at Tripoli hotel by NATO backed terrorists and snipers, threatened by CNN ‘journalist’

In a planned attack to eliminate truth reporters from covering the NATO bloodbath in Libya, 2 of 4 independent journalists for the Mathaba News Agency have already come under fire from terrorist snipers.

CNN staff have also directly threatened independent journalists staying in the same hotel as NATO attempts to force through rebels into Tripoli.


Thierry Meyssan and Mahdi Darius Nazemroaya under death threat in Tripoli

NATO SLAUGHTER IN TRIPOLI: "Operation Mermaid Dawn" Signals Assault by Rebels' Al Qaeda Death Squads

By Thierry Meyssan
Global Research, August 21, 2011

Tripoli, Libya, Aug. 22, 2011, 1 AM CET– On Saturday evening, at 8pm, when the hour of Iftar marked the breaking of the Ramadan fast, the NATO command launched its “Operation Siren” against Libya.
The Sirens were the loudspeakers of the mosques, which were used to launch Al Qaeda’s call to revolt against the Qaddafi government. Immediately the sleeper cells of the Benghazi rebels went into action. These were small groups with great mobility, which carried out multiple attacks. The overnight fighting caused 350 deaths and 3,000 wounded.
The situation calmed somewhat on Sunday during the course of the day.
Then, a NATO warship sailed up and anchored just off the shore at Tripoli, delivering heavy weapons and debarking Al Qaeda jihadi forces, which were led by NATO officers.
Fighting stared again during the night. There were intense firefights. NATO drones and aircraft kept bombing in all directions. NATO helicopters strafed civilians in the streets with machine guns to open the way for the jihadis.
In the evening, a motorcade of official cars carrying top government figures came under attack. The convoy fled to the Hotel Rixos, where the foreign press is based. NATO did not dare to bomb the hotel because they wanted to avoid killing the journalists. Nevertheless the hotel, which is where I am staying, is now under heavy fire.
At 11:30pm, the Health Minister had to announce that the hospitals were full to overflowing. On Sunday evening, there had been 1300 additional dead and 5,000 wounded.
NATO had been charged by the UN Security Council with protecting civilians in Libya. In reality, France and Great Britain have just re-started their colonial massacres.
At 1am, Khamis Qaddafi came to the Rixos Hotel personally to deliver weapons for the defense of the hotel. He then left. There is now heavy fighting all around the hotel.







________

Related:
Libya's future uncertain after fall of Tripoli


LIBYA WILL NOW GET BOOTS ON THE GROUND
The President of the Council on Foreign Relations, Richard Haass, tells us what is going to happen next in Libya:

"Some sort of international assistance, and most likely an international force, is likely to be needed for some time to restore and maintain order...

"It is up to Nato, the European Union and the UN, working with the Libyan opposition, the African Union, and the Arab League, to put together a response to the new Libyan reality ... a country capable of producing some 2bn barrels of oil a day.

"Most importantly, US president Barack Obama may need to reconsider his assertion that there would not be any American boots on the ground..."

~~
Planned Libya Invasion
 
 
'Unit guarding Gaddafi joins opposition'
Mon Aug 22, 2011 12:30AM GMT
UPDATE 1

Mahmoud Shammam, the Libyan opposition's minister of informationA senior Libyan opposition figure says the top military unit in charge of protecting Libya's beleaguered dictator Muammar Gaddafi has joined the opposition fighters.

Mahmoud Shammam, the Libyan opposition's minister of information, said that the security forces' commander "has joined the revolution and ordered his soldiers to drop their weapons,” the Associated Press reported on Monday.

On Sunday, the fighters entered the capital — Gaddafi's last stronghold — from the west.

They are said to have arrested Gaddafi's second son, Seif al-Islam, amid reports that his eldest son Mohammad has also surrendered himself to the revolutionaries.

Libya has been the scene of intense fighting between troops loyal to its embattled dictator Gaddafi and opposition forces since a revolution seeking to overthrow the Libyan regime began in mid-February.

As the fighters tighten their grip on Tripoli, the city's residents are also being called on to rise up against the despot.

Gaddafi has, however, said the regime will 'emerge victorious' even as the fighters were being received with cheers in capital.
MAB/HN


Labels

"backyard" "bank holiday" "Change" "Jewish Achievements" 1st Amendment 2nd amendment 4GW 4th Reich 7/7 9/11 abiotic oil abuses of power ACTA Afghanistan AfPak Africa AFRICOM agenda 21 al-CIAduh alternative currencies American revolution anarchy apocalypse Argentina ARTICHOKE Asia Asian Energy Security Grid assassinations asteroids austerity AWOL ballistic missiles B/S backfire bad cops bailout bailout scam bank nazionalization banksters big oil big pharma Bilderberg Bin Laden biofuels biological warfare biological weapons biological weapons research bioterrorism bird flu bitcoins black ops Blackwater Brazil BRICs Brzezinski bubbles cap and trade capitalism carbon credits carbon tax carbon trade cash nexus cass sunstein casus belli CDS Central Asia central banks CFR Cheney China CIA CIA assets civil wars class conflicts class structure class warfare climategate COINTELPRO collapse Color revolutions COMEX default communism community currencies Congo conspiracies conspiracy theories Constitution Copyright corporate "personhood" corporate law corporatocracy corruption countercoup counterinsurgency Coup D'etat covert agents covert operations covert ops covert war covert warfare coverup crazy lone gunmen crimes against humanity currencies currency war dancing israelis David Kelly dead microbiologists death squads debt debt bondage debt bubble debt monetization debtors' prisons deep politics default deficit deflation deglobalization deindustralization deja vu delocalization democracy depleted uranium depopulation depression deregulation derivatives detentions Detroit devaluation devolution dictatorship Dimitri Khalezov dirty tricks dirty wars disaster capitalism disaster management discovery disinformation dissent diy diy currencies DMCA drones drugs trade DU dystopias eastern europe ECB eco-fascism economic cycle economic hitmen economic warfare Egypt electromagnetic weapons electronic surveillance elite consensus elitist propaganda Ellen Brown emerging markets end game energy engineered clusterfuck Ethiopia EU EU666 eugenics euro eurocracy eurocrats europe fake bonds fake democracy fake gold fake revolutions fake terrorism false flags fascism fascism 2.0 FED FEMA FEMA death camps fiat money Finance Capitalism forecasts ForeclosureGate foreclosures FOREIGN TRADE ZONES Fort Detrick fractional reserve banking France fraudclosures fraudonomics frauds Free books free money free speech freedom Fukushima funny money G20 gatekeepers Gaza genocides geoengineering Geopolitics Germany Ghana ghost towns Gladio global currency Global warming hoax globalization GMO gold gold manipulation gold standard Goldman Sachs golpe google Grand Chessboard great depression 2.0 great game Greece Green shoots greenbackers Guantanamo Gulf of Tonkin gun ban gun control Guns H.R. 45 HAARP habeas corpus hackers Haiti Halliburton happiness health health care bill health care reform hemp heroin high frequency trading historical cycles history hitler hoaxes Honduras House Bill 1796 how-to human organs trafficking human rights Hungary hunger hyperinflation ICC Iceland Illuminati IMF imf riots immigration imperialism incoherence income distribution income tax India inequalities infiltration inflation inflationary depression information war insider trading insolvency instability insurgency intelligence International Criminal Court international political economy internet censorship internet warfare ior IP IPCC Iran Iraq Ireland IRS Israel israeli assets Israeli firsters Israeli killers israeli lobby Israeli Organ Harvesting israeli terrorism italy Ivory Coast jesuits jews JFK Jim Willie JPM k-waves Kazakhstan Keynesianism Kissinger kleptocracy Kosovo Krugman KUBARK Kurt Sonnenfeld Kyrgyzstan Land Grab Large Hadron Collider Larry Summers Latin America LBMA Lee Harvey Oswald legitimacy crisis legitimation lesser evilism Libya lies Limited Hang Out Lincoln Lisbon Treaty lobbying local currencies Lockerbie Logan Act lol looting lsd mafia Mali Manchurian candidates Mandatory vaccinations maquiladoras market manipulations martial law Martin Armstrong Medicare meltdown MENA Mend mercenaries Mexico MI5 Michael Chertoff Michael Hudson Middle East migrations Military Industrial Complex military research military spending military tribunals militias mind control mind tricks Minerva Research Initiative Minot missing nukes missile defense missing pathogens MKDELTA MKNAOMI MKSEARCH MKULTRA money money as debt money laundering money supply Mongolia monsanto Montenegro morgellons mossad msm Mumbai narco-states narcodollars narcotics national debt National Emergencies Act national emergency native Americans NATO NDAA neo-Malthusians neocolonialism neocons neofeudalism neuroscience NGOs Nigeria NLP Non-lethal Weapons Noriega North Korea Norway NSA NSPD-51 nuclear demolition nukes NWO odious debt Oil OKLAHOMA CITY bombing oligarchy OOTW Operation Ajax operation CONDOR Operation Fast and Furious operation Mockingbird Operation Northwoods operation paperclip Operation Strange Man opium Orwell outrages p2p currencies Pakistan Palestine Panama Panarin pandemics paper money Paraguay paranoia paranoia pimping patents Patriot Act patsies pauperization peak oil pearl harbor Pennsylvania pensions Pentagon persuasion Peru pervs philippines Phoenix program piigs pimping Pipelinestan piracy Pirates plagues planned disasters Plum Island plutocracy PMCs PNAC poison pills Poland police state political economy political fakeries polls ponzi schemes pork Posse Comitatus Act pot poverty poverty business power elite pr0n predictive programming prepping primitive accumulation prison industrial complex prison population private debt privatizations problem-solution prohibitionism Project Artichoke Project Bluebird Project Censored Project MK/NAOMI Project Mockingbird project monarch Prompt Corrective Action Law propaganda prostitution protests provocateurs psy-ops psycho-police psychotronic warfare Ptech public policies qe qe2 R2P rabbis crackdown real wages regime change regulations relative disadvantage religion renditions renewable energy reserve currency resistance revolution revolution (how to) revolutions riots robots Rockfeller Roman Empire Rothschilds Rumsfeld Rupert Murdoch Russia Rwanda s510 sabbateans Salvador Option samson option saudi arabia sayanim SCADs scams scandals scares schemes SCO SDR secrecy secret algorithms Secret services sedition self-employment self-reliance serial killers sex scandals sheeple shock capitalism SHTF silver sixties slavery slums social conflicts social currencies social movements social research Social Security social spending socialization of costs somalia Soros sound money South Africa South Caucasus South Korea Southern Poverty Law Center Sovereignty Sovereignty Resolutions spain special economic zones spin spyware stagflation state of exception state secrets state terrorism statistics stimulus stuxnet submarines subprime Sudan suicides superbugs superimperialism suppressed technologies supremacist racist genocidal apocalyptic cults surveillance Survivalism SVADs sweden Swine Flu syria Taliban Tamiflu TAPI taxes tea party technocracy Tennessee TEOTWAWKI terrorism Thailand The Fourth Turning the left The Mogambo Guru Thirdworldization TIPS tiranny torture totalitarism toxic assets toxic waste trade deficit trade war treason Treasuries Bubble Tri-Border Area Trickle down trolls tsa tunisia Turkey uganda UK Ukraine UN underclass upper class US $ US army US bonds seized US debt US elections US gulags US hunger US secessionists US Treasuries US666 useful idiots vaccines VAT vatican Venezuela vets vietghanistan Vietnam violent conflicts virii Voodoo war war crimes WAR CRIMINALS war on drugs war party war pimps war propaganda warfare warfare state wars water WB wealth distribution web bot weed Weimar weird welfare white collar criminals White phosphorous WHO who rules Wikileaks wikipedia witch hunt WMD working poors world bank world economy world hegemony world reserve currency world trade WTF WTO WW3 xe Xinjiang Yemen Yuan Yugoslavia Zimbabwe zionism zionist trolls zious
Protect Your ASSets: Buy Gold or Silver NOW - If you wait you will be late.
(He who panics first, just may salvage something.