Written by Jeff Nielson Wednesday, 10 September 2014 13:54
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.
Written by Jeff Nielson Friday, 05 September 2014 12:01
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: