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Deflation Is NOT Always Bad: Bloomberg

US Commentary

The Corporate media is consistent in one (and only one) respect. It continually engages in self-contradiction. Month after month; these propagandists will assert again and again that “2 + 2 = 5”, and then we will wake up one morning to hear the same pundits assure us that actually “2 + 2 = 3”.

This is the byproduct of serial lying. With any person/entity which spews enormous quantities of lies; it is logically inevitable that many of the newer lies will contradict many of the older lies. The latest example of this concerns the economic dynamic known as deflation.

Those who regularly follow the fiction of the mainstream media will be familiar with its hysterical hyperbole concerning deflation: it is (according to these Liars) “the most destructive economic condition of all”. It is a lie universally parroted throughout the Corporate media…until now.

Indeed, because this lie has been repeated to the point where it is now accepted by the mainstream media (perversely) as a basic truth; it is the foundation for a newer lie – also universally parroted – that inflation in our economies is “too low”. Then based upon that lie; the propagandists have invented yet another buzzword of deceit: “lowflation”.

Regular readers understand the absolute perversity of all of this propaganda, which was thoroughly debunked in a previous commentary. To summarize the basic, economic truths from that previous piece:

-  Inflation (in virtually every form) is an unequivocal economic evil, thus it is logically and economically impossible for inflation to ever be “too low”

-  Deflation is (in reality) the most virtuous of all economic dynamics

To understand the latter (and more important) of those two truths requires an analogy. With respect to alcoholism (or any form of binge-drinking); the “cure” for such self-destructive behavior is universally recognized: abstinence.

It is further universally recognized that such abstinence will produce “a hang-over”. It is also universally recognized that the longer one postpones abstinence (through continuing the alcoholism/binge-drinking), the worse will be the hangover. Finally, it is universally recognized that (because of those previous truths) abstinence can never be avoided.

It is precisely the same with deflation. Deflation is the best-and-only cure for two forms of economic “bingeing”: too much money-printing, and too much debt. And it can never be avoided.

Because the money-printing and debt-creation has never been more-excessive in our history; the “hang-over” (from purging these excesses) has never been as bad as what we are facing today. Because the money-printing and debt-creation has never been more excessive in our history; the need for deflation has never been as great.

This is what makes the relentless anti-deflation propaganda so despicable. It is nothing more than the self-denial of the alcoholic. Such grossly excessive money-printing and grossly excessive debt-creation (supposedly) makes us “feel good” today, so we should simply continue this reckless behavior forever -- all the way to our (economic) grave.

 

Burn The Bonds; Pay The Pensions

International Commentary

There has been a major (economic) policy-decision reached and implemented, across the corrupt Western bloc. But it has never been the subject of political debate, let alone any sort of formal vote. Indeed, this policy decision has never even been explicitly/publicly acknowledged by any of these Deadbeat Governments.

What policy decision is this? Year after year, these governments assured us that their corrupt/incompetent economic policies had not rendered our economies insolvent. Now, much more quietly; these same governments are acknowledging that they can’t meet all of their financial obligations – and thus have begun defaulting.

The (unstated) policy decision comes with respect to which obligations they have chosen to willfully engage in default, and which obligations they have chosen to continue to fund. The decision is very simple: they have chosen to continue to pay the interest on their/our massive debts (not one penny of “principal” is ever repaid), while they begin to systematically default on paying their pension obligations to the people.

What must be understood is that this traitorous act is just as indefensible in economic terms as it is in moral terms. As a matter of elementary economics; there is no “economic benefit” of any kind derived from continuing to make (only) interest payments on our gargantuan (and unsustainable) debts. Every penny paid is wasted money.

Once any debtor goes so deeply in debt that they can never do any more than pay interest on their debts; they are technically insolvent. It is at this point (in the real economy) that any legitimate business (or government) begins a “structured bankruptcy” proceeding, because the sooner such insolvency is acknowledged (and restructured) the less the economic harm.

Instead, these Deadbeat Governments have not only begun defaulting on their important financial obligations (i.e. pensions) but they have been selling-off choice assets – to the bankers, at pennies on the dollar – thus destroying their future revenue production. Here the insanity (and criminality) must be explicitly acknowledged.

The Western “big banks” (all tentacles of the One Bank) are given $trillions per year in newly-printed money, for free, as the standard monetary policy of all our central banks. But our governments (municipal, state/provincial, federal) must borrow every penny of their own funding (which isn’t covered by declining revenues).

Thus these Vulture Banks (with their unlimited stacks of free money) have not only reaped endless $trillions in lending us money which they are given for free, but they also use their free money to undermine our ability to pay – making these governments even more insolvent. Why are private banks given $trillions for free, every year, but our own governments must “borrow” (i.e. pay for) every penny?

We get no answer to this question (ever) from our (corrupt) governments, (thieving) bankers, or (dishonest) media, because there is no answer. This is nothing more than systemic corruption. These bond debts are all totally illegitimate – thus there is no legal or moral obligation for our governments to continue making payments on these corrupt debts.

Conversely, paying pensions to the people is an economically virtuous activity, which produces numerous (positive) “ripples” when those pension-dollars flow, and causes equally severe ripples of harm when those payments are (illegitimately) withheld.

We start with the fact that we live in (as the bankers/media/governments tell us every day) “consumer economies”. Thus not only are these pension payments important in shoring-up (declining) consumption, with our aging populations they have never been more economically important in our entire history than they are today.

However, we gain an even better understanding of the importance of a (legitimate) pension system, by looking at an economy which has been functioning without one: China. Creating a national pension system (and then actually paying those pensions) is one of China’s most-important economic objectives.

 

Western Real Estate Bubbles: History’s Greatest Wealth-Trap

International Commentary

For the majority of Western populations; real estate is considered to be the ultimate “hard asset”, and thus the most-desirable financial shelter in times of economic peril/uncertainty. Ironically, it is precisely this attribute (and attitude) which makes real estate the ultimate wealth-trap – at the hands of unscrupulous bankers/governments.

First readers need to familiarize themselves with some of the economic dynamics associated with real estate. As a finite, hard asset (there is only so much usable land in the world), supply is limited. It is because of this limited supply that people trust real estate to preserve its value, and thus preserve their wealth. But the implicit assumption in this equation is that we have legitimate, properly functioning markets and economies.

As regular readers understand; nothing could be further from the truth. Our markets are literally nothing more than rigged casinos. Our economies are literally nothing more than (ridiculously unstable) Ponzi-schemes. This can be seen clearly, simply by comparing the present economic/market insanity with normal, historic conditions.

Under normal economic conditions (with legitimate markets), there are specific economic dynamics which help to ensure that real estate values do not get over-inflated, turning a financial shelter into an asset-bubble – and a wealth-trap. In times of “high inflation”, which is one of the principal fear-factors which make people look toward real estate; the tendency is for people to flock into real estate markets, thus driving prices up to unsustainable, dangerous levels.

However, in times of high inflation; all legitimate governments raise interest rates. Raising interest rates is the most-effective blunt-force monetary tool in dampening prices, in any/all markets. Thus the push into real estate driven by high inflation is countered by the pull of higher interest rates, driving people away from real estate, due (mostly) to significantly higher mortgage costs.

It is here we see the irredeemable corruption of the governments of the Western bloc. As prices spiral higher today in the two most-important price categories – food and housing – these corrupt governments tell us that inflation is near zero. Indeed, these shameless liars now have the audacity to claim that inflation is “too low” (something which is economically impossible).

It is because of this Great Inflation Lie that these puppet-governments claim to be justified in keeping interest rates permanently frozen at near-zero levels. Here readers need to understand the insane recklessness of near-zero interest rates, and why we have never, ever seen such monetary insanity at any time in the previous history of Western nations.

Near-zero interest rates translate into free money for the Big Banks, who are the recipients/conduits for all the “capital” entering our capitalist system. Such “free money” represents an inexhaustible supply of cheap credit. This is nothing less than rocket fuel for any credit-based economic system like our own.

In even semi-functional economies; near-zero interest rates would quickly trigger an economic boom that was so explosive that our economies would begin growing too fast. The problem here is our markets. Such rapid, rabid economic growth always triggers even more-dramatic explosions in our markets. Prices catapult higher, turning virtually all markets into exponentially soaring, out-of-control, asset bubbles.

But what do we see in our own economies? Barely perceptible twitches of life, where “economic growth” can only be feigned with the most-egregious perversion of economic statistics. Having been mismanaged to the point of utter ruin; even near-zero interest rates can no longer coax any life into these zombie-economies.

But such reckless/insane interest rates can produce (and have produced) no shortage of asset-bubbles, and (in particular) real estate bubbles. Simultaneously (and for the first/only time in history) we have the two, ultimate drivers of real estate bubbles: high inflation and (ultra) low interest rates.

   

China/India Gold Demand: 2013 Déjà Vu

Gold Commentary

In 2013; a chain of events led to what was (at the time) the greatest stampede into gold in human history. It began with the Cyprus Steal, the West’s first “bail-in”. This led to the realization (by the Smart Money) that no paper assets were safe any longer, within any Western financial institution or market.

In turn, this led to an unprecedented stampede out of the banksters’ paper-called-gold “products”, primarily their ultra-fraudulent bullion-ETF’s. With the paper-called-gold market being 100 times larger than the real (physical) gold market; this naturally caused a plunge in the official price of gold.

It was at this point that the stampede into (physical) gold began. Some of this demand was from the West: sellers of these vast quantities of paper-called-gold suddenly saw the wisdom in holding real bullion: having physical custody of their asset, and thus zero counterparty risk.

Most of the demand, however, came from the East. With the price of gold falling roughly 30%, from already depressed levels; this was nothing less than a “dinner chime” for Pavlov’s dogs. Unlike the serf-populations of Western nations; appreciation (and understanding) of precious metals has not been blunted by roughly 30 years of relentless anti-gold (and anti-silver) propaganda.

With this Eastern understanding; the world had already been witnessing a relentless transfer of the world’s bullion holdings from West to East. Thus like women flocking to a shoe-store sale; this “30% off” on the price of gold in 2013 led to a spike in Asian demand beyond anything previously seen.

As indicated in a previous commentary in June of last year; at that time both China and India were on a pace to import roughly 2,000 tonnes of gold – surpassing any previous total for either nation. China, indeed, ended 2013 with net imports exceeding 2,000 tonnes, according to gold analyst (and China specialist) Koos Jansen.

Gold demand in India was temporarily derailed, however; as India imposed (what was at one point) a near-total embargo on (legal) gold imports into that nation. This draconian measure was a capitulation to blackmail from the One Bank, which had caused a “currency crisis” in India by attacking the value of the rupee in (rigged) global FX markets. The bankers made it explicitly clear that nothing less than a dramatic drop in gold imports would/could rescue the rupee from these currency market attacks.

Official imports into India plunged dramatically, and India ended the year having imported considerably less than 2,000 tonnes. A precise number is not possible; as the legal restrictions on gold imports into India reignited gold smuggling into that country. Indeed, the Indian government had spent years previously “liberalizing” its gold market, precisely in order to stem blackmarket flows across its porous borders.

As gold-smuggling exploded, and it became more and more obvious that a legal ban on importing gold could not stop the flow of bullion into that nation; the bankers themselves capitulated, and allowed India’s government to restore official gold imports to somewhere close to “normal” (i.e. pre-2013 levels). However, making it easier to legally import gold into India has not resulted in a drop-off in smuggling. Indeed, recent reports indicate that gold-smuggling into India is accelerating further.

Now, as more bankster manipulation has caused a (relatively) modest further retreat in bullion prices (roughly a 5% recent drop in the price of gold, and 10% for silver); we see indications of gold demand into China and India returning to that torrid pace of 2013 – just as the beginning of the seven-month “gold season” in India looms before us.

 

The United States: Police State Today, Martial Law Tomorrow; Part II

US Commentary

Part I of this two-part series detailed the hijacking of the U.S. democracy by a small cabal of ultra-wealthy oligarchs (primarily bankers), best described as the Old World Order. The method for orchestrating this unofficial, bloodless coup was also detailed.

a)  Create a new, quasi-governmental entity (the Federal Reserve) which is above the government itself, and thus beyond the reach of any of its laws or mandates.

b) Hand this quasi-governmental entity (exclusive) control over the printing press of the U.S., allowing the banker oligarchs who control it to create as much currency as they desired – and transfer every new dollar created to themselves.

c)  With this endless/infinite supply of dirty money (all legal, official currency), they buy-off as many political representatives as necessary to control the government, in perpetuity.

d) As outlined in The Bankers Manifesto of 1892; in order to hide this effective dictatorship, they get their political stooges to stage vehement, theatrical squabbles, pretending that the U.S.’s only two political parties are enemies rather than teammates (serving the bankers). To quote the Manifesto: “by thus dividing the voters, we can get them to expend their energies fighting over questions of no importance to us…”

Part I concluded by briefly describing how these (banking) oligarchs used their complete control over the U.S. government to transform this oligarchy into a fascist police state, the Fourth Reich. The pretext for this transformation was the farcical/imaginary “War on Terror”, and the vehicle used to create this police state was the notorious “Patriot Act”.

It is beyond the scope of this article to detail all the elements of this police state: the countless “detention centers” spread all over the country, the absurdly Orwellian “Department of Homeland Security”, and an infinite array of parallel initiatives. Instead, it can be exposed more effectively through unmasking the phony War on Terror (which led to its creation), and then focusing on particularly revealing aspects of this police state which have emerged during this pseudo-war.

As its name suggests; the explicit goal of this pseudo-war is to “fight terrorism”. Yet (outside the spotlight of the Corporate media) most of the actual efforts of the U.S. government have been devoted to creating and/or supporting terrorist groups and terrorist regimes.

Even here, there is far too much empirical evidence of state-sponsored terrorism (by the U.S.) to engage in any comprehensive discussion. The only starting point for such a narrative can begin with the Godfather of Modern Terrorism: the state of Israel.

Anyone familiar with history knows that Israel is the original “terrorist state”. Following World War II; the state of Palestine (home of the Palestinian people) was a British colony. Through a relentless campaign of “ethnic cleansing” and executions by Jewish terrorists (primarily directed against innocent, Palestinian civilians), the British government was persuaded to withdraw from Palestine. However, before departing, the British carved-out a large chunk of the state of Palestine, and handed it to the terrorists – which the terrorists called (call) “Israel”.

The leader of the Jewish terrorists became Israel’s first prime minister. Far from renouncing its terrorist heritage; the government of Israel (to this day) openly boasts about its terrorist past, characterizing its serial slaughter of innocents as “necessary acts” for “the greater good” (i.e. the creation of Israel). Indeed, all that has changed since 1945 is that this terrorist group is now a terrorist regime.

   

The United States: Police State Today, Martial Law Tomorrow; Part I

US Commentary

At one time, the United States was a “free democracy”. When did it end? Assigning a precise date to that question would be the subject of considerable debate. However, clearly the beginning-of-the-end traces back to a very specific date: November, 1910.

It was at that time that a cabal of the Western world’s wealthiest and most-powerful oligarchs (mostly bankers) met, in secret, on a private island off the coast of Georgia, named (ironically) Jekyll Island. At that secret meeting they plotted the creation of “the Federal Reserve”.

As author, and noted authority on the Federal Reserve, G. Edward Griffin observed; “the Fed” is a legislated banking cartel, a “hybrid” between a government agency and a private corporation. When it wishes to invoke the authority of government in order to command obedience for its decrees; it cloaks itself in the guise of being a part of that government.

At all other times, it behaves purely as the privately-owned corporation that it is: acting solely in the self-interest of the handful of oligarchs who own/control it. The Federal Reserve is the ultimate “wolf in sheep’s clothing”, and thus the (deliberate?) irony of the choice of location where the Federal Reserve was effectively created.

The actual legislation which institutionalized this banking cartel was merely a formality, as even by 1910 these oligarchs already “controlled” (i.e. owned) enough members of the U.S. government to ensure passage of any legislation they commanded. Proof of this comes merely by looking at the exact date when “The Federal Reserve Act” was signed into law: December 23, 1913 – after most members of the U.S. government had already deserted Washington to prepare for their Christmas festivities.

How and why did the creation of the Federal Reserve signal the beginning-of-the-end of the U.S.’s endlessly-hyped “democracy”? It was (is) because the Federal Reserve was legislated as an entity above the government of the United States, and thus above any of its laws. Any who doubt this conclusion need merely listen as Sir Alan Greenspan explains what the “independence” of the Fed really means: that the Federal Reserve was (and is) the supreme authority within the U.S.

Obviously no nation whose government is subordinate to a private cabal of (ultra-wealthy, ultra-powerful) bankers can possibly be characterized as “a democracy”. In any real democracy; the government elected by the people is the supreme authority of the land.

Why did these bankers consider it necessary to seize effective control of the U.S. government in a bloodless, unofficial coup? They did it to gain the absolute (economic) power needed to successfully implement their own, monstrous agenda, which had been articulated twenty years prior to this: The Bankers’ Manifesto of 1892.

Capital [i.e. the wealth of the oligarchs] must protect itself in every possible manner through combination (conspiracy) and legislation. The courts must be called to our aid, debts must be collected, bonds and mortgages foreclosed as rapidly as possible.

When through the process of law, the common people have lost their homes, they will be more tractable and easily governed through the influence of the strong arm of government applied to a central power of imperial wealth under the control of the leading financiers. People without homes will not quarrel with their leaders. [emphasis mine]

 

The NEXT Reserve Currency

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.

   

Paul Volcker: Ultimate Villain

US Commentary

Few historical figures of our recent era have been (falsely) lionized in a more egregious manner than the infamous Paul Volcker. According to the economic mythology written by our Revisionists (i.e. our “history”); Volcker almost single-handedly “rescued” the U.S. economy – and thus the entire Western bloc – with the ultra-extreme monetary policies for which he is credited as the architect at the end of the 1970’s.

During 1979 and 1980 the FOMC [Federal Open Market Committee], under Volcker’s leadership, sought to reign in [sic] double-digit inflation by setting strict money supply growth targets…The result of the switch in policy was a substantial rise in interest rates, with the prime rate peaking at 21.5 percent in December 1980.

The reality was that Paul Volcker was a monetary berserker. The task assigned to him by his Masters (the Old World Order) was not to “save” our economies – but to destroy them. In a recent commentary; Darryl Schoon identifies what Paul Volcker really represented:

In August 1971, at the urging of Paul Volcker, then Under-Secretary of the Treasury, President Nixon ended the convertibility of the dollar to gold; and for the first time in history gold was no longer money...

Paul Volcker took full responsibility for triggering capitalism’s end game. In a 2013 interview, Volcker explained his role in that consequential act with more than a modicum of pride: “I certainly was a major proponent of suspending gold convertibility, in fact the principal planner.” [emphasis mine]

As all sophisticated readers understand; it was the assassination of the gold standard (by Nixon/Volcker) which instigated the runaway inflation of the 1970’s – as all of our currencies were no longer “backed” (i.e. anchored) by any hard asset. Thus even if one actually believed the mythological account of Volcker’s exploits as written by the Revisionists; the best that could be said of this bankers’ stooge was that he was trying to fix a problem which he created.

Of course (as previously noted) “fixing” anything was absolutely the last thing on the mind of Volcker (and his Masters). They were purely obsessed with destroying. Proof of this requires nothing more than the ability to operate a calculator. What was the consequence of the draconian “21.5% interest rate” which Volcker inflicted upon the West – and the entire global economy?

What is the principal consequence of any/every increase in any interest rate? Higher interest payments. Specifically; the sadistic interest rates inflicted upon us by Volcker (and his Masters) roughly quadrupled the interest payments for everyone/everything, and with respect to all debts. Who are the obvious (and only) beneficiaries when interest payments on all debts are quadrupled? The bankers: Volcker’s Masters.

The mythology of the Revisionists that Volcker’s scripted sadism somehow “helped” our economies (and thus indirectly helped all of us) isn’t simply absurd, it’s mathematically/economically impossible. Again, proof requires nothing more than the capacity to operate a calculator (and some minimal familiarity with the economic context of those years).

At the time of Volcker’s savage attack on our economies; our governments had already descended into the era of permanent deficits. Thus, obviously, every penny by which interest payments were increased was directly and permanently added to our national debts. With many citizens already struggling to “make ends meet” (because of Volcker’s inflation) even before Volcker’s monetary attack; for many of them these higher interest payments also buried them in debt.

Simply, Paul Volcker is the Father of Debt Slavery. He (more than any other single individual alive today) is personally responsible for enslaving our governments (and our populations) in debt – and thus enslaving them to the holders of (the vast majority of) those debts: the bankers, more specifically, the One Bank.

 

Ukraine Declares War on Russia

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:

   

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