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Gary Edwards

Stasi in the White House - Paul Craig Roberts - 0 views

  • On June 19, 2013, US President Obama, hoping to raise himself above the developing National Security Agency (NSA) spy scandals, sought to associate himself with two iconic speeches made at the Brandenburg Gate in Berlin. Fifty years ago, President John F. Kennedy pledged: "Ich bin ein Berliner." In 1987, President Ronald Reagan challenged: "Mr. Gorbachev, tear down this wall." Obama's speech was delivered to a relatively small, specially selected audience of invitees. Even so, Obama spoke from behind bullet proof glass.
  • Obama's speech will go down in history as the most hypocritical of all time. Little wonder that the audience was there by invitation only. A real audience would have hooted Obama out of Berlin.
  • Obama spoke lofty words of peace, while beating the drums of war in Syria and Iran. Witness Obama's aggressive policies of surrounding Russia with missile bases and establishing new military bases in the Pacific Ocean with which to confront China.
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  • This is the same Obama who promised to close the Guantanamo Torture Prison, but did not; the same Obama who promised to tell us the purpose for Washington's decade-long war in Afghanistan, but did not; the same Obama who promised to end the wars, but started new ones; the same Obama who said he stood for the US Constitution, but shredded it; the same Obama who refused to hold the Bush regime accountable for its crimes against law and humanity; the same Obama who unleashed drones against civilian populations in Afghanistan, Pakistan and Yemen; the same Obama who claimed and exercised power to murder US citizens without due process and who continues the Bush regime's unconstitutional practice of violating habeas corpus and detaining US citizens indefinitely; the same Obama who promised transparency but runs the most secretive government in US history.
  • The tyrant's speech of spectacular hypocrisy elicited from the invited audience applause on 36 occasions.
  • Here was Obama, who consistently lies, speaking of "eternal truth."
  • Here was Obama, who enabled Wall Street to rob the American and European peoples and who destroyed Americans' civil liberties and the lives of vast numbers of Iraqis, Afghans, Yemenis, Libyans, Pakistanis, Syrians − and others, speaking of "the yearnings of justice."
  • Obama equates demands for justice with "terrorism."
  • Here was Obama, who has constructed an international spy network and a domestic police state, speaking of "the yearnings for freedom."
  • Obama has turned America into a surveillance state that has far more in common with Stasi East Germany than with the America of the Kennedy and Reagan eras. Strange, isn't it, that freedom was gained in East Germany and lost in America?
  • Here was Obama, president of a country that has initiated wars or military action against six countries since 2001 and has three more Muslim countries − Syria, Lebanon, and Iran − in its crosshairs and perhaps several more in Africa, speaking of "the yearnings of peace that burns in the human heart," but clearly not in Obama's heart.
  • At the Brandenburg Gate, Obama invoked the pledge of nations to "a Universal Declaration of Human Rights," but Obama continues to violate human rights both at home and abroad.
  • Obama has taken hypocrisy to new heights. He has destroyed US civil liberties guaranteed by the Constitution.
  • In place of a government accountable to law, he has turned law into a weapon in the hands of the government.
  • He has intimidated a free press and prosecutes whistleblowers who reveal his government's crimes. He makes no objection when American police brutalize peacefully protesting citizens.
  • His government intercepts and stores in National Security Agency computers every communication of every American and also the private communications of Europeans and Canadians, including the communications of the members of the governments, the better to blackmail those with secrets.
  • Obama sends in drones or assassins to murder people in countries with which the US is not at war, and his victims on most occasions turn out to be women, children, farmers and village elders.
  • Obama kept Bradley Manning in solitary confinement for nearly a year assaulting his human dignity in an effort to break him and obtain a false confession. In defiance of the US Constitution, Obama denied Manning a trial for three year
  • On Obama's instructions, London denies Julian Assange free passage to his political asylum in Ecuador. Assange has become a modern-day Cardinal Mindszenty.
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    Wow.  I remember Paul Craig Roberts writing on the backpage of NewsWeek Magazine, back in the late 1960's.  Wow, we've come a long way since the days of protesting the Vietnam War, the socialism behind LBJ's Great Society, and the outrageous coup d'état that took place with the in-your-face-America assassination of JFK.  The circle is almost complete. The American Constitution hangs by a thread.  The anger and heart ache of Paul Craig Roberts says it all. I wonder who will win this years "Dancing with the Stars" competition?
Gary Edwards

Federal Reserve Loans Need To Be Investigated - post-journal.com | News, Sports, Jobs, ... - 1 views

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    I'm almost too afraid to look, but the Federal Reserve must be stopped.  Let's see, the Treasury takes in $2 Trillion per year in taxes;  the ruling establishment has tripled the spending, pegging at $3.6 Trillion per year; meaning we have to finance a deficit of $1.6 Trillion per year; and we're facing interest payments on the national debt of $5 Trillion per year with unfunded "social" obligation at $100 Trillion.  Now we find out the Federal Reserve Bankster Cartel passed out over $7 Trillion in goodies to member banksters before they secretly passed out $16.2 Trillion to the Cartel to cover the 2008 financial collapse losses. Time to dust off Executive Order 11110, issued by President John F Kennedy five months prior to the coup d'état, giving the Treasury Department the explicit authority to issue silver certificates backed by Treasury silver bullion, if needed.  Basically Order 11110 stripped the Federal Reserve Bankster Cartel of it's power to loan money to the US Government at interest.  The Federal Reserve Notes in use would be competing with newly minted US Silver Certificates.   It would be easy enough to pay off the Bankster Cartel interest with official Federal Reserve Notes since there is so much paper out there.  But i would prefer the RiCO statue be invoked, assets seized, and charges of treason levied via the outrageous violations of the 1792 Coinage Act and conspiracy to destroy the dollar.   Many Americans, myself included, have long wondered why We the People would charge ourselves "interest" on money we borrow from our future selves?  Who does that?  But when we discover that the Federal Reserve is about as 'Federal" as Federal Express, the narrative wuickly leads to questions of how did it happen that we turned governance and stewardship of the national currency over to a private cartel of banksters?   Is the Federal Reserve Bankster Act of 1913 constitutional? Hardly.  Article 1 Section 8 of the Constitution la
Gary Edwards

The Daily Bell - Catherine Austin Fitts on Moral Investing and the Coming Equity 'Crash... - 1 views

  • If you talk about legacy systems and then a breakaway civilization, the legacy systems were financed with debt and if the resources have basically been shifted out and over into "NewCo" then that's going to be an equity model. We're literally coming into what I consider to be a planetary debt for equity swap. So the question for all of us is how do we navigate the turn? When do you leave the bond market and when does the equity increase occur? We've seen North America equity markets rising and the emerging markets falling this year.
  • We're seeing a tremendous divergence in the economy in North America between those portions of the economy that are adapting new technology and growing and the rest of the economy.
  • The other thing I watch is what the divergence means to bond credits and to equity valuations. If you look at the indices you don't really see it. If you look inside the indices you see some enormous splits in quality and value going on.
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  • The slow burn is a world in which for most people income is flat or falling and expenses are steadily rising. It's a debasement scenario. And the reality is the central banks have been able to have a quite liberal monetary policy because we've been able to offset that with labor deflation. So by globalizing labor and instituting technology you have tremendous deflationary pressures, which offset very generous monetary policy.
  • Starting in the '90s a decision was made to move significant amounts of capital out of existing systems in  the developed world and literally trillions of dollars of financial fraud was engineered to do that. As a financial phenomenon it was quite clever and trillions have literally been moved out between the fraud and the bailouts. I think what the Fed has been doing with quantitative easing is running a shredding operation where they buy up the fraudulent mortgage securities paper and are shredding it.
  • If you look at the Treasury, they've run a very tight regulatory process where that money doesn't seep out on Main Street. It's quite phenomenal the way they've managed to control it. I think one of the big questions is where is that money going to go now? It certainly looks to me like a great effort is being made to make sure it goes into equities, sort of keeps the bond market afloat and goes into equities. So I look it as a very political move.
  • You can balance the budget with fiscal measures or you can balance the budget by the Fed just buying bonds and if you look at the Fed's balance sheet, I think they have a much greater capacity to buy bonds. If you look at all the money that was stolen, the breakaway civilization has plenty of money to buy bonds.
  • I would say so far the Fed's policies have worked for what they're intended to do. We've moved a tremendous amount of money out of the economy. We've now basically run through the statute of limitations or done whatever management needed to cut the cords so that what I call the legacy systems can't get the money back. So the financial coup d'état has been successful and now the cover-up is pretty much over and successful.
  • So now you have big decisions. You have two economies. Before this started what I call the legacy systems had $100 trillion of liabilities and $100 trillion of assets – now, I'm just pulling those numbers out of the air – and
  • the coup moved $40 trillion of assets over into NewCo
  • if you will. Now we've got the legacy systems trying to reconcile $60 trillion of assets to $100 trillion of liabilities and there is a long, drawn-out, grinding process by which some people will get 50 cents on the dollar, some people will get zero cents on the dollar, some people will get 100 cents on the dollar. It's just a very difficult, complex and tangled political scene as to how that's going to all happen. Meantime, NewCo, with $40 trillion dollars, is investing and going gangbusters. NewCo is enjoying an unprecedented boom, investing in lots of new technology and new frontiers, including space. So I think the next step is to manage the lowering of expectations in the legacy systems. That's basically what the administration and the Fed are going to be doing for the next couple years, is just gutting their way through retirees' disappointment.
  • There are three things
  • Number one, Obamacare was created to create a framework that would allow significant reduction of costs and benefits under Medicare over time and healthcare over time;
  • Well, the goal of Obamacare is to control.
  • number two, Obamacare was to provide much more control over both the medical establishment and the population at large;
  • and then, three, to do it in a way that will protect corporate profits.
  • in a relatively short period of time US Medicare expenses would be several multiplicities of the GNP.
  • It's clearly a system that makes no economic sense. It's not just that people are aging. If we eat food that has little nutrition and provide healthcare in which pharmaceutical companies are allowed to charge many multiples of what they charge in other countries you're going to get a financial train wreck, which is where we're headed.
  • So I think the goal was to reconcile that and do it in a way that favors corporations and control.
  • If you go around the entire financial ecosystem, they're getting hit within every line by the same pro-centralization policies that ultimately go up to the same people.
  • Do I think it will snuff out the recovery? No. I think it will simply destroy the economics for a whole world of people who were productive.
  • I don't think the banks are fragile. What happened was they were asked to do a job, they did it and now they've taken all the fraudulent paper and sold it to the Fed or torn it up because they had so much in federal credit arbitrage earnings during this period. So I don't think they're fragile.
  • So it certainly puts us in a position where the creditworthiness of a lot of sovereign debt depends on government military might and the ability to debase a variety of players.
  • There's been a lot of regulation to make it easy for Wall Street to control and make it difficult for small businesses to raise and circulate liquid equity. It's one of the areas in the economy where there really has been a very serious conspiracy.
  • if you want to go really fast and prototype and build out infrastructure, the best way to do it is to make capital available to early venture and start-ups.
  • we, as a society, have stopped the markets from working in the start-up and the small business space.
  • If you look at it across all the different tools, from fabrication technology to new composite materials to robotics to lasers, we're reaching a critical mass of the economic costs dropping and the speed of learning accelerating.
  • If you look back at the history of the US stock market you'll see two huge spikes, one in the '20s, one in the '90s, both when very profound new communication and information technology came out.
  • I think we're in danger of another tech bubble. If you look at who's interested in putting money in this and getting lots of prototypes, the last time they did this was in the '90s. They made a fortune on fraud and they used it not only to serve some fundamental economic purposes but they used it to drain out the pension funds and the retail investors.
  • securities convertible into store credits
  • Wall Street doesn't understand about crowdfunding, are the new alignments that are going to be created in terms of circulating knowledge and purchases and money between consumers and entrepreneurs and companies. It's going to create a whole new level of intimacy.
  • I recommend the documentary, "The Naked Brand." It gives a good sense of the worth of that intimacy and the change from a mass media model to much more intimate relationships
  • awakening of global consciousness.
  • in North America there is almost an astonishing lack of transparency about how government money works within the jurisdiction for which we vote for political representation.
  • So if you were going to have proper transparency in America you would have annual financial statements for your congressional district as well as for the whole country.
  • Now, the government has refused since 1995, as required by law, to produce annual financial statements let alone for the places in which you're voting for jurisdiction. And if you're going to have any kind of citizenry accountability or legislator accountability you have to have that kind of transparency and the government has gone to enormous lengths to prevent that kind of transparency while pretending that we're very transparent. So the Internet is going to make it more and more difficult for that absence of transparency to continue or be justified, and that's good.
  • if you have all your assets in the legacy economy and none in the growing economy you're going to suffer.
  • That's number one.
  • Number two, a lot of households have assets which represent liabilities of the legacy economy, whether Social Security, Medicare or others, and one of the things you have to understand is the politics – you need to not get trapped in the politics of stringing people out for those benefits. Do the best you can but don't get lost in the treadmill of trying to get promised benefits that may or may not come true. And to the extent that you can not get financially dependent on those benefits it would be very good.
  • The final thing is, of course, and readers know this if they're reading The Daily Bell, you're dealing in a system that includes a significant amount of corruption and fraud so you just need to be extremely careful about the quality of the people or the enterprises in which you invest or do business with and keep your assets fairly diversified in terms of both areas of the economy, or sectors, and places.
  • Take a look at different predictions that gold is going to increase significantly in value. All those predictions assume that the monetary inflation is going to spill into commodities. And what you're watching instead is the G-7 have been essentially building a corral that forces the horses to run out through the stock market. That's why I call it a crash-up.
  • I think one scenario we're looking at is the possibility of a crash-up scenario where that monetary increase is funneled into the equity markets. One of the most important questions there is, can you get the global population interested in investing in equities? Because the long bond market bull is coming to a close.
  • We have two choices. We can basically write down the debt and go through a huge crunch period or we can have a crash-up in the equity markets.
  • Right after 9/11 – and General Wesley Clark has said this and I experienced it in my tiny little community in Tennessee – we were basically given what the battle plan was going to be – the US military taking over Eurasia. First we were going to go to Afghanistan, then we were going to go to Iraq, then we were going to go to Libya, then we were going to go to Syria and then we're going to Iran. It was all laid out for us and we seem to be following that battle plan, albeit slower than predicted at that time.
  • If we're going to create a global financial system and a one-world currency, you need everybody in the central banking model. You have outliers. We seem to be bringing in all the outliers. As we do, we are trying to checkmate Russia and China within Eurasia, because I think control of Eurasia is essential for maintaining global empire.
  • what we're watching is an effort to bring everybody into a centrally controlled central banking model.
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    Catherine is a frequent guest on CoastToCoastAM.com, so I've come to know her well.  Although this interview doesn't discuss her ability to see into the future, I know from experience that she is a real visionary hitting the mark at an astounding clip.  Chalk this interview up as a must read.
Gary Edwards

Romney Did Not Lose - 0 views

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    excerpt: I'm still formulating how I need to proceed in light of this new understanding, but what I know, and what I need to factor into my future calculations is the fact that we - the people who love our country and favor fiscal sanity and subscribe to the ideals of the Founders - are not outnumbered. We remain in the majority. I can't remember ever having been here. I grew up in the '60s, but served in the military rather than in Haight-Ashbury. I raised my family to be responsible and self-sufficient, just as my parents did. I guess you could say I was more or less aligned with the "establishment" of the day, even though I have for years disagreed with the trend toward more socialism and fascism. Today, the Establishment has crossed a line. They have arrayed themselves against the majority of the American people. I won't be joining them. I won't be agreeing with them. I won't be accepting their "truth." I will, instead, stand for my truth. And I suspect I am not alone. The usurpers (for I can't reasonably refer to them otherwise) are now the "establishment" even though they are really in the minority. So… that makes us… what? Well, what do you call someone who stands against the Establishment? Feels kinda odd to be in those shoes, doesn't it? Welcome to the Resistance. ......................... ...................................... Historical data on 56 previous elections indicate at least 15 to 20 million votes flipped and missing. Data available for everyone right in front of our eyes. Out of 56 presidential elections there were only 7 elections that voter turn out was down from previous elections. The combined total for all 7 elections is 13,428,613 or 0.73% out of all 56 elections generating 1,835,207,811 votes. These 7 elections had events such as war of 1812, civil war, ww2, stock market crash attached to declines in voter turn out. The average growth in all presidential elections is 2,892,573 per election. The
Paul Merrell

Investigation Finds Former Ukraine President Not Responsible For Sniper Attack on Prote... - 0 views

  • A German TV investigation disproves the West's claim that Yanukovych was responsible for killing of dozens of Ukrainian protestors, making this President Obama's WMD moment.
  • Now joining us is Michael Hudson. He is a distinguished research professor of economics at the University of Missouri-Kansas City. His two newest books are The Bubble and Beyond and Finance Capitalism and Its Discontents.
  • The big news is all about the Ukraine. And it's about the events that happened in the shootings on February 20. Late last week, the German television program ARD Monitor, which is sort of their version of 60 Minutes here, had an investigative report of the shootings in Maidan, and what they found out is that contrary to what President Obama is saying, contrary to what the U.S. authorities are saying, that the shooting was done by the U.S.-backed Svoboda Party and the protesters themselves, the snipers and the bullets all came from the Hotel Ukrayina, which was the center of where the protests were going, and the snipers on the hotel were shooting not only at the demonstrators, but also were shooting at their own--at the police and the demonstrators to try to create chaos. They've spoken to the doctors, who said that all of the bullets and all of the wounded people came from the same set of guns. They've talked to reporters who were embedded with the demonstrators, the anti-Russian forces, and they all say yes. All the witnesses are in agreement: the shots came from the Hotel Ukrayina. The hotel was completely under the control of the protesters, and it was the government that did it.
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  • So what happened was that after the coup d'état, what they call the new provisional government put a member of the Svoboda Party, the right-wing terrorist party, in charge of the investigation. And the relatives of the victims who were shot are saying that the government is refusing to show them the autopsies, they're refusing to share the information with their doctors, they're cold-shouldering them, and that what is happening is a coverup. It's very much like the film Z about the Greek colonels trying to blame the murder of the leader on the protesters, rather than on themselves. Now, the real question that the German data has is: why, if all of this is front-page news in Germany, front-page news in Russia--the Russian TV have been showing their footage, showing the sniping--why would President Obama directly lie to the American people? This is the equivalent of Bush's weapons of mass destruction. Why would Obama say the Russians are doing the shooting in the Ukraine that's justified all of this anti-Russian furor? And why wouldn't he say the people that we have been backing with $5 billion for the last five or ten years, our own people, are doing the shooting, we are telling them to doing the shooting, we are behind them, and we're the ones who are the separatists?
  • And the president has just--Obama, has just sent naval vessels with atomic weapons into the Black Sea, threatening Putin to wipe out Russia in 20 minutes. He's threatening World War III. Europeans are scared stiff about this because they know that they'll be the first recipients of a Russian retaliation.
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