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International Commentary

The NEXT Reserve Currency

Articles & Blogs - International Commentary

The U.S. dollar is dying an ugly death. The U.S. government knows it, and the bankers who run the U.S. government are certainly aware of it – since they are the ones who have (already) undermined its value to worthlessness.

Naturally, the dollar’s ugly death is never mentioned in the Corporate media. Even with the manipulation choke-hold which this banking cabal has over our so-called “markets”; it would be extremely difficult to pump-up the value of the dollar to its present, absurdly fraudulent level if everyone knew that this was a dying currency – which will be obsolete (and thus officially worthless) in a few year’s time.

All this is carved in stone. What has (previously) been the subject of considerable debate and speculation is what currency will replace the U.S. dollar as the world’s “reserve currency”. The crooked bankers and corrupt governments of the Western bloc have already floated several trial-balloons, in their efforts to attempt to maintain control over the global economy by being in complete control of the principal money supply for the global economy.

Give me control of a nation’s money and I care not who makes the laws.”

-          Mayer Amschel Rothschild (1744 – 1812)

This mantra of financial criminals (in general), and crooked big-banks (in particular) is based on the simplest of premises. If one controls the printing press of a nation (or, in this case, the global economy); that criminal can print-and-steal as much currency as he/she desires – and then use all that dirty money to buy-off politicians, regulators, and entire governments.

Buying politicians is “good business” (assuming that one has no scruples) because these stooges-for-hire are notoriously cheap. Spend $100’s of thousands (or perhaps a few $millions) buying-off politicians, and it can yield countless $billions in (generally illegal) profits. Put another way; “investing” in governments (i.e. buying them off) pays much better than investing in markets.

The result of this obsession of the Old World Order with attempting to maintain control of the printing press for the global economy has been several pathetic attempts to cobble together some (corrupt) replacement paper for the USD. First we had “the Amero”.

The “Amero” (as the name implies) was to be launched in North America as the official currency for that (new) bloc, and (if the banksters had succeeded in their conspiring) would have coincided with the launch of a “North American Union”. However, despite having complete control over the Corporate media (and thus all mainstream “news”); the banking cabal’s puppet politicians couldn’t sell either the Amero or a North American Union.

The next attempted replacement for the USD was even more pathetic. The bankers and their Western governments attempted to take an ordinary credit instrument (the “special drawing rights” by which the International Monetary Fund extends credit), and convert that (somehow) into a currency.

This would have entirely eliminated the distinction between “money” and “debt”. But it was such outrageous monetary voodoo that even the One Bank’s puppet governments wouldn’t embrace the scheme. In part; this was due to the simple fact that there would have been no way to portray this instrument of financial fraud (and infinite debt) as “money” to the masses of Sheep in our societies.

Lesser, and even sillier schemes have been put forth by the bankers and their minions, but none of them ever achieved enough significance to merit mention. Meanwhile in the Rest of the World (i.e. its less-corrupt regimes) there has been a steady, inexorable move toward at least a quasi-legitimate replacement for the USD: China’s renminbi.

 

Ukraine Declares War on Russia

Articles & Blogs - International Commentary

The (Western) march towards World War III continues. The series of events is crystal-clear to any who have viewed them with an untainted mind.

First the corrupt Western bloc – and principally the United States -- engineered a (bloody) coup to overthrow the former, pro-Russia government in Ukraine. It was an unnecessary coup, from the standpoint of the Ukrainian people, as free elections had already been scheduled within the following year. However it was a necessary coup from the standpoint of the fascist West, as the brutal Thugs they installed on the throne of Ukraine could never have mustered enough popular support to win a free election.

From the moment this pro-West Thug government (illegally) seized power, its mandate (dictated by its Western ‘sponsors’) has been simple: crush all dissent. Despite having seized power themselves at the end of a gun barrel; the very first decree made by the Thug government was that everyone who did not support this illegal government had to immediately surrender all weapons (“do as I say, not as I do”).

Naturally, the last thing which those opposed to an illegal government which had seized power in a bloody coup would do is to disarm themselves. One does not surrender their weapons to their political opponents – when those opponents already have a track-record of killing anyone who opposes them. Thus, there can be no doubt as to who created the civil war which now rages inside Ukraine: the (illegal) pro-West government in Kiev.

Sadly, not one word of these events has ever filtered through the propaganda echo-chamber which Western governments call a “free press”. The tiny handful of multi-national corporations who control all of our media have been given their own orders: simply “blame Russia” for everything.

The most despicable “false-flag” operation carried out by the Thug government of Kiev (and its Western backers) to endeavour to demonize Russia was the widely-reported (and sensationalized) downing of Malaysian flight MH17. The Malaysian media (tightly controlled by the Malaysian government), and specifically the New Strait Times has bluntly accused the pro-West Ukraine government of shooting down its airliner – and ensuring that every passenger on board was murdered:

Intelligence analysts in the United States had already concluded that Malaysia flight MH17 was shot down by an air-to-air missile, and that the Ukrainian government had something to do with it.

This corroborates an emerging theory postulated by local investigators that the Boeing 777-200 was crippled by an air-to-air missile and finished off with cannon fire from a fighter that had been shadowing it as it plummeted to Earth. [emphasis mine]

Again, not one word of the truth of this vicious false-flag operation has ever filtered through the (Western) Corporate media. Now the Ukraine government has escalated the armed conflict it created still further: formally declaring war on Russia, as reported both outside and inside the West.

As far back as two months ago; we have this headline out of the (obviously biased) Voice of Russia:

Kiev Declares War On Russia?

Far more damning, however, is what is being asserted today in Western media. As reported by the Associated Press, and parroted word-for-word in thousands of Western media tentacles; the pro-West government in Kiev has now formally declared war on Russia:

   

The Old World Order

Articles & Blogs - International Commentary

Regular readers are used to seeing various myths of propaganda debunked within these commentaries. However (until now) one of the most-insidious – and thus most-important – constructs of propaganda has not been addressed: the supposed “New World Order”.

The immediate and obvious point to make here is that readers should/must immediately become deeply suspicious any time we are bombarded with a label which contains the word “new”. Implicit in every such label (by definition) is the concept that “this time it’s different”, because if it wasn’t different it wouldn’t be “new”.

This time it’s different” is a cliché in Western societies. But it’s not revered as an aphorism of wisdom. Rather, it is scorned as the mantra of idiots. This same point was made in a previous commentary which debunked and rejected the ludicrous propaganda euphemism: “The New Normal”. The same analysis applies to both propaganda lies.

Why is the concept that “this time it’s different” (or this time it’s new) universally scorned by the more-intelligent members of our societies? Because such individuals subscribe to older, tried-and-true expressions of human thought:

The more things change, the more they remain the same.

Or, simply:

There is nothing new under the Sun.

Context changes. Principles are immutable. Those who refer to paradigms as being “new” or “different” (in categorical fashion) simply lack the capacity to perceive all the similarities to the previous paradigm(s). There is no “New Normal” in our societies, but we can also reject this particular lie by simply looking at the details of this (false) paradigm, itself.

This time it’s (supposedly) “normal” that unemployment (for the masses) is worse than at any other time in our history. Wages (in real dollars) are now as low as they have ever been in any time in our history. Meanwhile, the debts (among the masses) have never been higher. Poverty has never been as severe or as endemic. We never before had a class of people we now know as “the Working Poor”.

In short, for the vast majority of our citizens (the Little People) life has never been worse. But instead of our (corrupt) governments telling us how they plan on fixing all of these problems – which they created – they pat us on the heads and tell us (via the Corporate media) that now all this is “normal” (i.e. things will now always be like this).

Meanwhile, for the small minority at the very top; we see the precise, mirror opposite. Their incomes have never soared higher at such a dizzying rate. The hoards of wealth which they have amassed are orders of magnitude larger than anything ever before seen in our societies. They control (through their massive stock holdings) a much larger percentage of our Corporations than at any time in history. But the taxes they pay have never been lower.

In short, for the tiny minority at the top we see the opposite extreme: life has never been better. But instead of our (corrupt) governments telling us how they plan on re-balancing the worst wealth-inequality in the history of our societies – which they created – they pat us on the heads and tell us that now this too is “normal” (i.e. things will now always be like this).

As a matter of the most elementary logic; extremes can never be “normal”. As a function of both the laws of mathematics and the dynamics of human behavior; extremes always correct – back towards some more rational equilibrium which can be described as “normal”. The New Normal is not only a complete lie, it is a very silly/obvious lie.

   

Bridges Collapse As The West Drowns In Debt

Articles & Blogs - International Commentary

A recent headline in the mainstream media caught my attention due to its dramatic nature. It spoke of “bridges crumbling” in the United States (along with its highways rotting). The media drone then attempted to explain why these bridges/highways were being allowed to crumble, despite borrowing rates which are “the lowest since 1969”.

The explanation given was totally false: that (supposedly) U.S. state and local governments were “repaying obligations by the most on record”. This is propaganda nonsense, since what it directly implies is that state and local governments would have to be recording the largest budget-surpluses on record. Mathematically, this is the only possible way to retire debt by a corresponding amount. Those surpluses do not exist.

In fact, what the Liar from the mainstream media was really pointing out is that state/local governments are making the largest interest payments on record, the result of the “unprecedented deficits” acknowledged within this piece of mainstream propaganda. This allows us to provide the real answer to the question: why are “bridges crumbling”, in the U.S. (and across the rotting West) despite the lowest borrowing-rates in 45 years?

The answer to the question is simple arithmetic. Our bridges, our highways, indeed, our entire economies and societies are falling apart because governments (at all levels) are drowning in debt. When governments (at all levels) are making the largest interest payments on record (but never paying-off any principal) it means less dollars left over for spending on useful/necessary services, and infrastructure investment/maintenance.

Because these governments are now all permanent debtors, and their interest payments simply get larger every year; it is mathematical proof that these governments are now already past the point-of-no-return on their indebtedness. As a matter of the simple arithmetic of “compound interest”; it is no longer a question of “if” governments across the West will default on their debts – merely when.

Western governments (most-obviously the U.S.) are insolvent endemically, thus the worsening decay of our infrastructure (and economies/societies) will never stop its downward spiral. Rather, this downward cycle will worsen, exponentially, until we have a collective Debt Jubilee, and simply erase debts which are now too large to ever be repaid.

Debt Jubilee is a regular event throughout history, going back to (literally) biblical times. It is based upon one of the constants of human behavior: that governments (good and bad) will place short-term expediency and popularity ahead of long-term fiscal prudence. The result is a multi-thousand year litany of governments (of every shape and form) digging themselves into (debt) holes from which they can never be extracted, resulting in Debt Jubilee.

But the story of the West drowning in debt is more than a story of governments. This endemic indebtedness extends throughout our populations. There are two reasons why individual members of our societies are drowning in the highest levels of personal debt in our history.

The first reason is that the Corporate propaganda machine has made taking on debt a virtue. In every previous generation; taking on “a second mortgage” was the ultimate indicator of personal, financial shame. It proved that (barring some personal calamity) the borrower had not been managing their finances responsibly – and thus had committed the Cardinal Sin of financial management: taking on unnecessary debt.

   

The West Needs Shorter Leaders

Articles & Blogs - International Commentary

Historically, those committing serious financial crimes were often executed for their transgressions (or sentenced to some similarly suitable punishment), and one nation (China) currently punishes its own financial criminals in this manner. Another commentator, Jason Zweig, has neatly summarized the history here:

The history of drastic punishment for financial crimes may be nearly as old as wealth itself.

The Code of Hammurabi, more than 3,700 years ago, stipulated that any Mesopotamian who violated the terms of a financial contract – including the futures contracts that were commonly used in commodities trading in Babylon – “shall be put to death as a thief.”

In medieval Catalonia, a banker who went bust wasn’t merely humiliated by town criers who declaimed his failure in public squares throughout the land; he had to live on nothing but bread and water until he paid off his depositors in full. If, after a year, he was unable to repay, he would be executed – as in the case of banker Francesch Castello, who was beheaded in 1360. Bankers who lied about their books could also be subject to the death penalty.

In Florence during the Renaissance, the Arte del Cambio – the guild of mercantile money-changers [i.e. bankers] who facilitated the city’s international trade – made the cheating of clients punishable by torture… [emphasis mine]

The rationale for applying this ultimate sanction to the most-serious financial crimes of today is simple. Even a modern-day Gun Nut, fully armed with quasi-military weapons can snuff-out the lives of no more than a few dozen innocents with their senseless slaughters.

Conversely, in our modern era of endless/unpunished financial mega-crimes; the victim-counts run much, much higher. A single Financial Criminal (i.e. banker) can financially devastate the lives of thousands, or even millions. Collectively, today’s Financial Criminals are directly responsible for the 100+ million permanently unemployed victims (across the West), what their parrots in the media call “the New Normal”.

In reality; it is the $trillions which the Financial Criminals have cumulatively plundered in their endless frauds which has hollowed-out our economies to the point where the phrase “full employment” is now nothing but fantasy-words which issue from the mouths of lying politicians. It is this hollowing-out (through financial crime) which has also cut in half the standard of living for hundreds of millions more across the Western world, transforming our Middle Class populations into the Working Poor.

Individually, millions more Victims have suffered total financial devastation (i.e. bankruptcy) at the hands of the Financial Criminals. Foreclosure-fraud, stock market fraud, pension fraud, LIBOR-fraud, and assorted other, serial crimes have left a wake of financial carnage unprecedented in human history.

Then there are the mass-lootings of the bankers. When the reckless gambling of these Big Banks spins so totally out of control that they blow-up their own financial system(s); the Big Banks can (and have) looted wealth by the $trillions. The Big Banks on the losing end of these reckless, gigantic, and generally illegal bets are indemnified by the people, so that the Big Banks on the winning end can be paid off.

The travesty and fraud and crime here is that both sets of these Big Banks are mere tentacles of the One Bank, a financial monolith which not only controls virtually all of the world’s Big Banks, but 40% of the entire global economy, according to the mathematical modeling of a trio of Swiss academics. The “gambling losses” are a fraud, massive paper-shams where one Big Bank tentacle incurs some gigantic, financial liability to another tentacle. Only the stealing (from us) was/is real.

   

Belgium: Money-Laundering Toilet For Unwanted Treasuries

Articles & Blogs - International Commentary

Yet another, massive fraud was uncovered in the U.S. Treasuries market recently, this time through the diligence of the ever-astute, Paul Craig Roberts (along with Dave Kranzler). While this clumsy money-laundering operation was briefly mentioned in a recent commentary which further exposed the fraud/lies associated with the Federal Reserve’s (phony) “tapering”, there is much more which needs to be said here.

As Roberts and Kranzler note in their original piece, the simple numbers involved make it clear we are dealing with a pathetically transparent money-laundering operation:

From November 2013 through January 2014, Belgium with a GDP of $480 billion [supposedly] purchased $141.2 billion of U.S. Treasury bonds. Somehow Belgium came up with enough money to allocate during a three-month period 29 percent of its annual GDP to the purchase of U.S. Treasury bonds.

As Roberts also notes; Belgium is another one of the West’s Deadbeat Debtors, with a (large) national debt, a budget deficit, a trade deficit, and a current account deficit. It didn’t have any money to allocate to the purchase of U.S. debt – let along forking-over 29% of its GDP in a mere three-month period. The supposed “purchase” is not only (economically) impossible for this debtor-government, there could be no possible legitimate purpose for such a (relatively) massive accumulation of any foreign debt.

It is a prima facie fraud, and thus (inevitably) a money-laundering operation. “Somebody” gave the Belgian government the currency to fund this sham-transaction. However, many notable questions remained unanswered in that original piece. Among the most important of these questions are the following:

1) From where did the ‘money’ come to fund this purchase?

2) Why did the U.S. government (apparently) feel compelled to engage in such a clumsy money-laundering operation?

3) Who dumped over $100 billion of U.S. Treasuries onto the market, in the span of less than a week – which necessitated this emergency money-laundering operation to prop-up the Treasuries market?

4) What will eventually become of these (fraudulent) bonds on the books of Belgium’s government?

In the original Roberts/Kranzler article; they strongly suggest who slipped the Belgian government enough funny-money to fund this purchase: the Federal Reserve. But this is only half an answer. Where did the Fed get the $141 billion, to (purportedly) fund this money-laundering operation?

This money-laundering took place at precisely the same time the Fed was claiming to be beginning the “tapering” of its own money-printing. As with Belgium’s deadbeat government; the Fed also did not have $141 billion simply “lying around” which it could allocate to that money-laundering operation, at that time. From where did the money come?

The Fed has not reported the creation of that amount of new/additional currency. It has not sold-off (supposed) “assets”, from which the proceeds could have been used to fund that (illegal) money-laundering operation. Indeed, the Fed itself is simply a massive toilet for worthless/fraudulent Wall Street paper. Ergo, if the Fed did fund this money-laundering operation, then it must have done so with unofficial – i.e. counterfeit – currency.

Of course, it wouldn’t necessarily be the Federal Reserve which counterfeited the money to fund this laundering of U.S. Treasuries. As Roberts, himself, notes; this purchase took place through the “Euroclear securities clearing system”. Thus it would be simpler (and therefore more likely) for this counterfeit currency to be (phony) euros originating from the ECB rather than (phony) dollars from the Federal Reserve.

As regular readers know; the European Central Bank is nothing less than a partner-in-crime with the Fed in perpetrating these endless monetary crimes/frauds, and both are instruments dedicated to serving the One Bank. With the Fed (very publicly) claiming to have started “tapering” its own money-printing; the bankers would have likely found it more discrete to use their European tentacle for this particular crime.

   

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