Archive for the Politics Category

Truth About Middle East is Spreading

Posted in Globalization, Politics on January 16, 2012 by JT

Anthony Wile

Zero Hedge has published an article, “Are The Middle East Wars Really About Forcing the World Into Dollars and Private Central Banking?” that mentions my theory that Muammar Gaddafi was overthrown because he wanted to set up a private gold-currency in Africa. You can see my article here: Gaddafi Planned Gold Dinar, Now Under Attack.

I don’t want to give the idea, however, that Western powers-that-be were galvanized into action ONLY because of Gaddafi’s gold currency idea. Here at DB, we regularly discuss a wide range of strategic plans that the elites seem to be putting into place in order to advance what is commonly known as a New World Order. In this article, I want to touch on some of these again.

Certainly, Gaddafi’s idea probably provoked anger in the halls of Western power. As I wrote previously, the idea, according to Gaddafi, was that African and Muslim nations would join together to create this new currency and would use it to purchase oil and other resources in exclusion of the dollar and other currencies.

I was interviewed by the news service RT, and they called it “an idea that would shift the economic balance of the world.” You can see my interview here: Real Cause for Gaddafi’s Expulsion: Wanted Gold Currency?

It was a feasible plan, in my view. Gaddafi held some 144 tons of gold that he could have used to back a gold dinar, at least partially. Currently, I know of NO “mainstream” currency in the world that is backed by metals, either silver or gold. Less than 150 years ago money was considered to be gold or silver so we can see how quickly things change.

Iraq’s Saddam Hussein, too, may have incurred the wrath of the Anglosphere power elite that is evidently and obviously behind the world’s current financial system. Once he announced Iraqi oil would be traded in euros, not dollars, his fate was sealed, according to many alternative news sources.

In order to grant credibility to the above theories one needs to believe that the Anglosphere power elite is dedicated to defending the dollar’s dominance. In fact, the world remains dollar driven and the dollar remains a fount of Western power. So the idea that Western powers-that-be would defend the dollar is not a far-fetched scenario.

The dollar is even referred to as the world’s “reserve currency.” And this did not happen accidentally but through the most determined kind of power politics. Saudi Arabia is the key to the dollar’s pricing power. It is the famous Saud family (House of Saud) that refuses to sell their oil for anything other than dollars.

The Saud family is intimately tied into the Anglosphere power elite; the House of Saud is propped up by the West – militarily and otherwise – and in return, the world’s largest producer of oil, and the controller of its marginal price points, props up the dollar.

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via The Daily Bell – Truth About Middle East is Spreading.

An Overpriced Market Meets The Global Economic Slowdown | Bob Chapman

Posted in Debt Collapse, Dollar, Economy, Gold, Inflation, Monetary Policy, Politics, Real Estate Bubble, Silver, Stock Market, Unemployment on October 20, 2011 by JT

October 19 2011: A stock market that is still overpriced, what can leverage do for bailouts, debt is endemic worldwide, injections of money and credit cant stop the global economic slowdown, no viable solutions for Europe.

It could then be that this is the top of the stock market, which is fundamentally very overpriced. The latest rallies are the result of statements by French President Sarkozy and German chancellor Mrs. Merkel that a financial solution is at hand for Europe. This announcement named the end of the month as the date for release of this information. Thus far there has been no further comment. This was the justification for a very strong rally. In the wings there are large short and put positions, which tell us that there is a body of speculators that believe the fundaments are not in place, nor was the recent rally justified. In relation to Europe we see two possibilities; countries bailing out their own financial sectors and the use of leverage to extend bailout funds into trillions of dollars to assist the six insolvent nations. Some nations currently prohibit the use of leverage. Needless to say, rules do not impede adventurous politicians in the control of elitist interests such as the banking community. We will have to wait for this new formula, but in the meantime its results have already been discounted, or military action increases in the Middle East, perhaps in connection with Iran?

Debt problems are endemic worldwide. We all know of the problems in the US, UK and Europe, but they extend all over the world. We are in a major financial crisis, which is as bad and will be as damaging as the credit crisis of three years ago. In fact we never exited that crisis. Debt is the problem and creating more debt does not solve the problem. We have written often about debt and currency problems and as yet nothing is being done to solve these problems. It is as if these powers wanted a collapse. How long can the US dollar continue to take this thrashing? Unfortunately it is not only the dollar. Over the past 1-1/2 years nine major currencies have fallen on average more than 20% vs. gold and silver. Thus many countries and their financial institutions are going to be in serious trouble. The dollar and the euro are both overvalued and even after a 15% devaluation the Swiss franc is undervalued. It is not only going to be currencies, but everything financial that is going to be affected. That includes bonds, stocks, savings accounts, CD’s; cash value life and annuity policies. The only things that will benefit will be gold and silver related assets. For all intents and purposes in the US, the FDIC has no funds and has to have them allocated in the form of debt by the government. More debt means more inflation and higher precious metal prices. The global financial community has to be terrified because their whole world is coming unraveled around them.

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via An Overpriced Marked Meets The Global Economic Slowdon | International Forecaster Weekly Bob Chapman The International Forcaster | Economy News | Investing | US Market Information | Gold | Silver | Wall Street Bailouts | Investment Trends | Money Resources | US and Worldwide Politics.

Financial Polarization and Corruption: Obama’s Politics of Deception

Posted in Debt Collapse, Politics on October 14, 2011 by JT

The seeds for President Obama’s demagogic press conference on Thursday were planted last summer when he assigned his right-wing Committee of 13 the role of resolving the obvious and inevitable Congressional budget standoff by forging an anti-labor policy that cuts Social Security, Medicare and Medicaid, and uses the savings to bail out banks from even more loans that will go bad as a result of the IMF-style austerity program that Democrats and Republicans alike have agreed to back.

The problem facing Mr. Obama is obvious enough: How can he hold the support of moderates and independents (or as Fox News calls them, socialists and anti-capitalists), students and labor, minorities and others who campaigned so heavily for him in 2008? He has double-crossed them – smoothly, with a gentle smile and patronizing patter talk, but with an iron determination to hand federal monetary and tax policy over to his largest campaign contributors: Wall Street and assorted special interests – the Democratic Party’s Rubinomics and Clintonomics core operators, plus smooth Bush Administration holdovers such as Tim Geithner, not to mention quasi-Cheney factotums in the Justice Department.

President Obama’s solution has been to do what any political demagogue does: Come out with loud populist campaign speeches that have no chance of becoming the law of the land, while quietly giving his campaign contributors what they’ve paid him for: giveaways to Wall Street, tax cuts for the wealthy (euphemized as tax “exemptions” and mark-to-model accounting, plus an agreement to count their income as “capital gains” taxed at a much lower rate).

So here’s the deal the Democratic leadership has made with the Republicans. The Republicans will run someone from their present gamut of guaranteed losers, enabling Mr. Obama to run as the “voice of reason,” as if this somehow is Middle America. This will throw the 2012 election his way for a second term if he adopts their program – a set of rules paid for by the leading campaign contributors to both parties.

President Obama’s policies have not been the voice of reason. They are even further to the right than George W. Bush could have achieved. At least a Republican president would have confronted a Democratic Congress blocking the kind of program that Mr. Obama has rammed through. But the Democrats seem stymied when it comes to standing up to a president who ran as a Democrat rather than the Tea Partier he seems to be so close to in his ideology.

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via Financial Polarization and Corruption: Obama’s Politics of Deception.

Blame Government, Not Greed – and, Please, Ignore Central Banking

Posted in Austrian Economics, Debt Collapse, Politics on October 14, 2011 by JT

Friday, October 14, 2011 – by Staff Report

There is no mystery where the Occupy Wall Street movement came from: It is an offspring of the same false narrative about the causes of the financial crisis that exculpated the government and brought us the Dodd-Frank Act. According to this story, the financial crisis and ensuing deep recession was caused by a reckless private sector driven by greed and insufficiently regulated. It is no wonder that people who hear this tale repeated endlessly in the media turn on Wall Street to express their frustration with the current conditions in the economy. Their anger should be directed at those who developed and supported the federal government’s housing policies that were responsible for the financial crisis. – Wall Street Journal

Dominant Social Theme: Look here, look here … It’s government policies, see! Don’t look THERE. Don’t look at central banking. Look away from there. Look here … at government.

Free-Market Analysis: Peter Wallison, a senior fellow at the American Enterprise Institute and member of the Financial Crisis Inquiry Commission has had a high profile of late, publishing several articles in the Wall Street Journal (see excerpt above) blaming government rather than the private sector for the 2008 meltdown.

When the Financial Crisis Inquiry Commission (FCIC), he tells us, reported in January that the 2008 crisis was caused by “lax regulation, greed on Wall Street and faulty risk management at banks and other financial firms, few were surprised.”

Wallison differs. The crisis wasn’t the fault of the private sector, he writes. It was the fault of the government. Unfortunately, when Wallison states it was the government’s fault, he has a fairly specific idea about “government.” His government analysis seems to leave out the leading cause of the disaster – central banking policies.

It is central banking’s money creation and low interest rates that created the fuel for this last catastrophic bust that has – evidently and obviously – virtually ended the dollar reserve system. But that’s not Wallison’s emphasis.

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via The Daily Bell – Blame Government, Not Greed – and, Please, Ignore Central Banking.

Demands of the Mentally Deranged

Posted in Breaking News, Debt Collapse, Politics on October 8, 2011 by JT

Recently an Occupy Wall Street protester posted a list of demands. As I stated in my article covering the local OccupyMN movement these types of protests are composed of a great number of individuals with varying grievances. It is unfair to state any set of demands is attributed to the entire movement but alas the recently posted set of demands are being promoted by a great number of the participants so I thought it would be fun to go through the demands one by one and point out the complete failure of logic.

Admin note: This is not an official list of demands. This is a forum post submitted by a single user and hyped by irresponsible news/commentary agencies like Fox News and Mises.org.

Stating that the Mises Institute and Fox News are in any way comparable demonstrates the complete ignorance of the person posting that note. One is a news organization that panders to its neo-conservative audience while the other is one of the few sources of real scholarly economic knowledge and libertarian philosophy.

Anyways we know what level of idiocy we’re dealing with here so let’s move onto the demands:

Demand one: Restoration of the living wage. This demand can only be met by ending “Freetrade” by re-imposing trade tariffs on all imported goods entering the American market to level the playing field for domestic family farming and domestic manufacturing as most nations that are dumping cheap products onto the American market have radical wage and environmental regulation advantages.

Oh wow… at least the author presented his complete ignorance from the get go. First of all free trade isn’t the problem with our economy, government regulations are. The author stated other countries have wage and environmental regulatory advantages so the United States government needs to respond by enacting further regulations to offset the disadvantage created by their current regulations. I’m guessing if the author’s house was burning down he’d try dousing the blaze in gasoline in an attempt to improve the situation.

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via Demands of the Mentally Deranged at A Geek With Guns.

Analysis of Financial Terrorism in America: Over 1 Million Deaths Annually, 62 Million People With Zero Net Worth, As the Economic Elite Make Off With $46 Trillion

Posted in Debt Collapse, Economy, Inflation, Monetary Policy, Politics, Unemployment, Welfare State on October 6, 2011 by JT

EXCLUSIVE: Analysis of Financial Terrorism in America: Over 1 Million Deaths Annually, 62 Million People With Zero Net Worth, As the Economic Elite Make Off With $46 Trillion | AmpedStatus.

Ron Paul and the occupy Wall Street protest « Doug Wead The Blog

Posted in Federal Reserve, Politics, Ron Paul on October 6, 2011 by JT

Ron Paul and the occupy Wall Street protest

Now what are all of those people doing camped out on Wall Street? Are they socialists? Commies? Anarchists? Left, right? For some reason the television news people don’t like them, which makes me sympathize. What’s going on?

I’ll explain.

Let’s say you are a young couple, newly married, anxious to get your piece of the American dream. And let’s say you decide to open your own hamburger stand.

Your first obstacle will be a maze of federal regulations. They are all well intended, helping out the disabled, protecting the environment, providing for workers’ health. The problem is that there are too many of them and they cost too much.

When I worked in the Bush Senior White House I saw the major companies come in and lobby for these REGS. They wanted them to be required for small businesses too, even businesses with five employees. Why? Because it would knock out the Mom and Pop operations who couldn’t afford them. By driving up costs they could assure that they would have a monopoly on hamburgers. But let’s say your parents mortgage their house and get you the start up money to pass that test.

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via Ron Paul and the occupy Wall Street protest « Doug Wead The Blog.

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