Tag Archives: economy

Money – Blood Of The Fear Exchange Network

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Aren’t you getting a kick out of this financial meltdown? What self induced insanity, and all as if they didn’t know that all this was what they were in for. What a sham. Intoxicated psycho-pathetic leeches living off the manipulated matrix of the whirled system thinking they can crank themselves into eternal material bliss with hardly a glitch.

Nothing could be any more moronic. On this scale or any other measuring system. Yet they keep trying.

We all know money is arguably the most blatantly weaponized life force on planet earth. This entire structure of centrally controlled money is a life-sucking fear and scarcity mongering force installed simply for domination and human energy siphoning. It is so readily manipulated it would make any investor or pitiful stock broker crap their pants to realize it, never mind the ignorant consumer entrapped in this vortex of endless deceit and designed futility.

What a massive joke it would be were it not for those who suffer under this oppressive false paradigm.

The Slow Release Avalanche

If you’ve ever watched a mountain slide you’ll notice they don’t happen immediately. There are clear warning signs. Not always, but usually. Rocks start to fall; conditions such as heavy rain or earthquakes and the like almost always precede. When it starts to go you never know how huge the movement will be.

The somewhat awake keep a look out for potential disasters and act somewhat cautiously. But generally most are still subject to the manipulated mainframe paradigm in which they are embedded. Why? Because they are “invested” in it.

Clearly the potential for a huge financial meltdown has been front and center for some time, and obviously accelerating of late. What’s amazing is watching the knee jerk reactions of those attached to this monstrous core of control. It boggles the mind that so many have continued to stay invested in such a contrived contraption of theft and deceit, which is what gives this latest flash of market insanity its seeming swan dive panache.

This has very real applications for all of us; for those still in stupid investment funds “hoping” for an increase in their net worth, those “betting” on the rise of certain stocks or bonds with their hard earned credits it’s sad indeed. First that there should be such a dependency, and second, the willingness to give over their energy.

Just the posture of these poor people, hoping and almost begging the system to “do them good” is a heartbreak in itself. It’s like a hapless yet hoping one armed bandit handle-cranker in a Las Vegas casino drinking himself to death as he tosses his energy coins into the machine hoping for a jackpot.

Which is exactly what it is. And who takes the cake? The “house” – no matter what silly gains you make in the interim. You won’t “win” in their contrived system. Getting the hell out and getting a real life is the only wise decision.

But who’s looking and really paying attention? That’s the ongoing question that plagues me.

That’s How Money Works

It’s all a sham, and a parasitic one, designed by people much smarter and more cunning than all of us. The money system is not only rigged, it is fundamentally created by slime-masters who only intend to profit and control.

Know that, and you’re on your way. Ignore it, and meet your fate.

The current stock market and otherwise controlled money manipulation is nothing more than massive rock moving, setting things in place for the next step of their agenda. Much like the civilizations of old building their mega monoliths, this breed of manipulators operate on an entirely different scale and agenda but nonetheless move massive socio-economic blocks in their sly maneuvers to control the human psyche.

They move paradigms. Or so they’d like to think. We simply wake up to them and “poof”! They’re gone. But there needs to be more of us to swing the tide.

Take Control

Like the rebelling Egyptian slaves of old, we don’t accept their imposed juggernauts of power. We won’t carry their bricks or mortar, or in our case massive psychological projections. That’s a profound statement and a very true one, but how do we carry that out?

So much can be addressed regarding this that has truly profound ramifications. That might sound naive or simplistic but really, how do we shrug this imposing seeming monolith of oppression?

Well, if you ask me, there are a lot of ways. The first thing that comes to mind is to disengage – and laugh at them. Identify the bastards for who and what they are and mock them. The insanity of these psychopathic power mongers is enough fodder for a lightyear of comedy routines. Honestly!

Second and perhaps also first: Expose them. They are sick and wicked and anti-human to the core, of that there is no doubt. Do your damnedest to expose and screw up these bastards to their very wick!

True enlightened information is the antidote.

It’s A War – Know You Are Important

This is all out war, for body, mind and spirit. The financial attribute is only a symptom, but a clear one. Money has been introduced into the human social exchange meme as a supposed means of commerce, but quickly became one of control. It now has psychic power despite its seeming personal economic power. That is a temporary illusion to keep the rats feeding at the trough as they run the treadmill.

It’s time to let it all go. Just let it go. And it seems the crashing system itself will be an aid to this.

They may come up with some kind of “new world order” energy exchange system but simply treat it the same way. They’re desperate power mongers looking to control. Stay clear of whatever they come up with, as best you can. The next phase will be another parasitic treadmill system disguised as a “better way”. Beware.

It’s all a blood-sucking sham. Know that and you’re well on your way.

Much love,

Zen


By Zen Gardner at ZenGardner.com

Lies You Will Hear As The Economic Collapse Progresses

chasing money off cliff

It is undeniable; the final collapse triggers are upon us, triggers alternative economists have been warning about since the initial implosion of 2008. In the years since the derivatives disaster, there has been no end to the absurd and ludicrous propaganda coming out of mainstream financial outlets and as the situation in markets becomes worse, the propaganda will only increase. This might seem counter-intuitive to many. You would think that the more obvious the economic collapse becomes, the more alternative analysts will be vindicated and the more awake and aware the average person will be. Not necessarily…

In fact, the mainstream spin machine is going into high speed the more negative data is exposed and absorbed into the markets. If you know your history, then you know that this is a common tactic by the establishment elite to string the public along with false hopes so that they do not prepare or take alternative measures while the system crumbles around their ears. At the onset of the Great Depression the same strategies were used. Consider if you’ve heard similar quotes to these in the mainstream news over the past couple months:

John Maynard Keynes in 1927: “We will not have any more crashes in our time.”

H.H. Simmons, president of the New York Stock Exchange, Jan. 12, 1928: “I cannot help but raise a dissenting voice to statements that we are living in a fool’s paradise, and that prosperity in this country must necessarily diminish and recede in the near future.”

Irving Fisher, leading U.S. economist, The New York Times, Sept. 5, 1929: “There may be a recession in stock prices, but not anything in the nature of a crash.” And on 17, 1929: “Stock prices have reached what looks like a permanently high plateau. I do not feel there will be soon if ever a 50 or 60 point break from present levels, such as (bears) have predicted. I expect to see the stock market a good deal higher within a few months.”

W. McNeel, market analyst, as quoted in the New York Herald Tribune, Oct. 30, 1929: “This is the time to buy stocks. This is the time to recall the words of the late J. P. Morgan… that any man who is bearish on America will go broke. Within a few days there is likely to be a bear panic rather than a bull panic. Many of the low prices as a result of this hysterical selling are not likely to be reached again in many years.”

Harvard Economic Society, Nov. 10, 1929: “… a serious depression seems improbable; [we expect] recovery of business next spring, with further improvement in the fall.”

Here is the issue – as I have ALWAYS said, economic collapse is not a singular event, it is a process. The global economy has been in the process of collapse since 2008 and it never left that path. Those who were ignorant took government statistics at face value and the manipulated bull market as legitimate and refused to acknowledge the fundamentals. Now, with markets recently suffering one of the greatest freefalls since the 2008/2009 crash, they are witnessing the folly of their assumptions, but that does not mean they will accept them or apologize for them outright. If there is one lesson I have learned well during my time in the Liberty Movement, it is to never underestimate the power of normalcy bias.

There were plenty of “up days” in the markets during the Great Depression, and this kept the false dream of a quick recovery alive for a large percentage of the American population for many years. Expect numerous “stunning stock reversals” as the collapse of our era progresses, but always remember that it is the overall TREND that matters far more than any one positive or negative trading day (unless you open down 1000 points as we did on Monday), and even more important than the trends are the economic fundamentals.

The establishment has made every effort to hide the fundamentals from the public through far reaching misrepresentations of economic stats. However, the days of effective disinformation in terms of the financial system are coming to an end. As investors and the general public begin to absorb the reality that the global economy is indeed witnessing a vast crisis scenario and acknowledges real numbers over fraudulent numbers, the only recourse of central bankers and the governments they control is to convince the public that the crisis they are witnessing is not really a crisis. That is to say, the establishment will attempt to marginalize the collapse signals they can no longer hide as if such signals are of “minimal” importance.

Just as occurred during the onset of the Great Depression, the lies will be legion the closer we come to zero hour. Here are some of the lies you will likely hear as the collapse accelerates…

The Crisis Was Caused By Chinese Contagion

The hypocrisy inherent in this lie is truly astounding, to say the least, considering it is now being uttered by the same mainstream dirtbags who only months ago were claiming that China’s financial turmoil and stock market upset were inconsequential and would have “little to no effect” on Western markets.

I specifically recall these hilarious quotes from Barbara Rockefeller in July:

Something else that doesn’t matter much is the Chinese equity meltdown—again. China may be big and powerful, but it lacks a retail base and fund managers experienced in price variations, never mind a true rout…”

Doom-and-gloom types have been saying for a long time that we will get a stock market rout when the Fed finally does move to raise rates. But as we wrote last week, history doesn’t bear out the thesis, not that you can really count on history when the sample size is one or two data points…”

Yes, that is a bit embarrassing. One or two data points? There have been many central bank interventions in history. When has ANY central bank or any government ever used stimulus to manipulate markets through fiat infusion and zero interest fueled stock buybacks or given government the ability to monetize its own debt, and actually been successful in the endeavor? When has addicting markets to stimulus like a heroin dealer ever led to “recovery”? When has this kind of behavior ever NOT created massive fiscal bubbles, a steady degradation of the host society, or outright calamity?

Suddenly, according to the MSM, China’s economy does affect us. Not only that, but China is to blame for all the ills of the globally interdependent economic structure. And, the mere mention that the Fed might delay the end of near zero interest rates in September by a Federal Reserve stooge recently sent markets up 600 points after a week-long bloodbath; meaning, the potential for any interest rate increase no mater how small also has wider implications for markets.

The truth is, the crash in global stocks which will undoubtedly continue over the next several months despite any delays on ZIRP by the Fed is a product of universal decay in fiscal infrastructure. Nearly every single nation on this planet, every sovereign economy, has allowed central and international banks to poison every aspect of their respective systems with debt and manipulation. This is not a “contagion” problem, it is a systemic problem to every economy across the world.

China’s crash matters not because it is causing all other economies to crash. It matters because China is the largest importer/exporter in the world and it is a litmus test for the financial health of every other country. If China is failing, it means we are not consuming, and if we are not consuming, then we must be broke. China’s crash portends our own far worse economic conditions. THAT is why western markets have been crumbling along with China’s despite the assumptions of the mainstream.

China’s Rate Cuts Will Stop The Crash

No they won’t. China has cut rates five times since last November and this has done nothing to stem the tide of their market collapse. I’m not sure why anyone would think that a new rate cut would accomplish anything besides perhaps a brief respite from the continuing avalanche.

It’s Not A Crash, It’s Just The End Of A “Market Cycle”

This is the most ignorant non-explanation I think I have ever heard. There is no such thing as a “market cycle” when your markets are supported partially or fully by fiat manipulation. Our market is in no way a free market, thus, it cannot behave like a free market, and thus, it is a stunted market with no identifiable cycles.

Swings in markets of up to 5%-6% to the downside or upside (sometimes both in a single day) are not part of a normal cycle. They are a sign of cancerous volatility that comes from an economy on the brink of disaster.

The last few years have been seemingly endless market bliss in which any idiot day trader could not go wrong as long as he “bought the dip” while Fed monetary intervention stayed the course. This is also not normal, even in the so-called “new normal”. Yes, the current equities turmoil is an inevitable result of manipulated markets, false statistics, and misplaced hopes, but it is indeed a tangible crash in the making. It is in no way an example of a predictable and non-threatening “market cycle”, and the fact that mainstream talking heads and the people who parrot them had absolutely no clue it was coming is only further evidence of this.

The Fed Will Never Raise Rates

Don’t count on it. Public statements by globalist entities like the IMF on China, for example, have argued that their current crisis is merely part of the “new normal”; a future in which stagnant growth and reduced living standards is the way things are supposed to be. I expect the Fed will use the same exact argument to support the end of zero interest rates in the U.S., claiming that the decline of American wealth and living standards is a natural part of the new economic world order we are entering.

That’s right, mark my words, one day soon the Fed, the IMF, the BIS and others will attempt to convince the American people that the erosion of the economy and the loss of world reserve status is actually a “good thing”. They will claim that a strong dollar is the cause of all our economic pain and that a loss in value is necessary. In the meantime they will, of course, downplay the tragedies that will result as the shift toward dollar devaluation smashes down on the heads of the populace.

A rate hike may not occur in September. In fact, as I predicted in my last article, the Fed is already hinting at a delay in order to boost markets, or at least slow down the current carnage to a more manageable level. But, they WILL raise rates in the near term, likely before the end of this year after a few high tension meetings in which the financial world will sit anxiously waiting for the word on high. Why would they raise rates? Some people just don’t seem to grasp the fact that the job of the Federal Reserve is to destroy the American economic system, not protect it. Once you understand this dynamic then everything the central bank does makes perfect sense.

A rate increase will occur exactly because that is what is needed to further destabilize U.S. market psychology to make way for the “great economic reset” that the IMF and Christine Lagarde are so fond of promoting. Beyond this, many people seem to be forgetting that ZIRP is still operating, yet, volatility is trending negative anyway. Remember when everyone was ready to put on their ‘Dow 20,000′ hat, certain in the omnipotence of central bank stimulus and QE infinity? Yeah…clearly that was a pipe dream.

ZIRP has run it’s course. It is no longer feeding the markets as it once did and the fundamentals are too obvious to deny.

The globalists at the Bank for International Settlements in spring openly deemed the existence of low interest rate policies a potential trigger for crisis. Their statements correlate with the BIS tendency to “predict” terrible market events they helped to create while at the same time misrepresenting the reasons behind them.

The point is, ZIRP has done the job it was meant to do. There is no longer any reason for the Fed to leave it in place.

Get Ready For QE4

Again, don’t count on it. Or at the very least, don’t expect renewed QE to have any lasting effect on the market if it is initiated.

There is truly no point to the launch of a fourth QE program, but do expect that the Fed will plant the possibility in the media every once in a while to mislead investors. First, the Fed knows that it would be an open admission that the last three QE’s were an utter failure, and while their job is to dismantle the U.S. economy, I don’t think they are looking to take immediate blame for the whole mess. QE4 would be as much a disaster as the ECB’s last stimulus program was in Europe, not to mention the past several stimulus actions by the PBOC in China. I’ll say it one more time – fiat stimulus has a shelf life, and that shelf life is over for the entire globe. The days of artificially supported markets are nearly done and they are never coming back again.

I see little advantage for the Fed to bring QE4 into the picture. If the goal is to derail the dollar, that action is already well underway as the IMF carefully sets the stage for the Yuan to enter the SDR global currency basket next year, threatening the dollar’s world reserve status. China also continues to dump hundreds of billions in U.S. treasuries inevitably leading to a rush to a dump of treasuries by other nations. The dollar is a dead currency walking, and the Fed won’t even have to print Weimar Germany-style in order to kill it.

It’s Not As Bad As It Seems

Yes, it is exactly as bad as it seems if not worse. When the Dow can open 1000 points down on a Monday and China can lose all of its gains for 2015 in the span of a few weeks despite institutionalized stimulus measures lasting years, then something is very wrong. This is not a “hiccup”. This is not a correction which has already hit bottom. This is only the beginning of the end.

Stocks are not a predictive indicator. They do not follow positive or negative fundamentals. Stocks do not crash before or during the development of an ailing economy. Stocks crash after the economy has already gone comatose. Stocks crash when the system is no longer salvageable. Since 2008, nothing in the global financial structure has been salvaged and now the central banking edifice is either unable or unwilling (I believe both) to supply the tools to allow us even to pretend that it can be salvaged. We’re going to feel the hurt now, all while the establishment tells us the whole thing is in our heads.

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Brandon Smith is the founder of the Alternative Market Project, an organization designed to help you find like-minded activists and preppers in your local area so that you can network and construct communities for barter and mutual aid. Join www.Alt-Market.com today and learn what it means to step away from the unstable mainstream system and build something better. You can contact Brandon Smith at: [email protected].

It’s Not Coming It’s Here—Economic Crash Commencing As World Tumbles Into Stock Market And Oil Crisis! (VIDEO)

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We told you it was coming and now it’s here! The economy crisis has arrived and is heading full speed into an melting pot of chaos as countries stock markets all across the world are toppling. The Dow plummeted more than 1,000 points, Spain’s stock market plunges, all of Asia’s investors panic, China loses all 2015 gains, Mideast stock markets take a dive, and the Russian double hits a new low as oil prices plunge. Panic is literally sweeping investors and global markets across the world! Here is the breaking report:

Michael Snyder at the Economic Collapse Blog has compiled a list of 23 countries around the world whose stock markets are crashing, each are hyperlinked:

1. Malaysia

2. Brazil

3. Egypt

4. China

5. Indonesia

6. South Korea

7. Turkey

8. Chile

9. Colombia

10. Peru

11. Bulgaria

12. Greece

13. Poland

14. Serbia

15. Slovenia

16. Ukraine

17. Ghana

18. Kenya

19. Morocco

20. Nigeria

21. Singapore

22. Taiwan

23. Thailand

We can now add to the list: America, countries in the Middle East and most of Europe and Asia.

My advice? Stock up on food, water, medical supplies, and the like. Have an exit plan and prepare for an economic tumble! Most of all, if you don’t know Jesus now is the time, don’t wait until it’s too late.

For More Information See:

The Guardian: http://www.theguardian.com/business/live/2015/aug/24/global-stocks-sell-off-deepens-as-panic-grips-markets-live

Stock Market: http://www.nytimes.com/2015/08/25/business/dealbook/daily-stock-market-activity.html

China: http://deadline.com/2015/08/china-black-monday-global-stock-market-tumble-alibaba-ftse-hang-seng-1201504098/

China, Asia, Europe: http://www.foxnews.com/world/2015/08/24/asian-european-stock-markets-down-sharply-after-china-loses-all-2015-gains/

Dubai, Middle East: http://www.bloomberg.com/news/articles/2015-08-23/dubai-stocks-sink-after-oil-drops-to-2009-low-abu-dhabi-slides

Oil: http://www.usnews.com/news/business/articles/2015/08/23/dubai-market-loses-7-percent-after-oil-price-dip

Global Market Crash Fear: http://www.telegraph.co.uk/finance/markets/11819812/Black-Monday-live-FTSE-100-China-global-markets.html

Spain: http://www.thelocal.es/20150824/spains-stock-exchange-takes-a-plunge-over-asia

Store Up on Food: http://www.independent.co.uk/news/uk/politics/stock-up-on-canned-food-for-stock-market-crash-warns-former-gordon-brown-advisor-10469509.html

23 Nations Stock Market Crash: http://theeconomiccollapseblog.com/archives/23-nations-around-the-world-where-stock-market-crashes-are-already-happening

DOW: http://www.nbcnews.com/business/markets/stock-market-turmoil-dow-plummets-more-1-000-points-open-n414746

Russia: http://www.telegraph.co.uk/finance/currency/11820755/Russian-rouble-hits-new-low-as-oil-prices-plunge-further.html


Lisa Haven is an independent Christian news analysis and one of the top contributors on www.BeforeItsNews.com. She is also author of www.LisaHavenNews.net and runs her own youtube channel (Lisa Haven) with tens-of-thousands of views per day. Digging deep and finding truth is what she lives for. Her passion is to spread truth no matter where it lies. She covers everything from martial law, to FEMA camps, to end time bible prophecy, to government documents and much more! Before launching her journalism career, she wrote many bible studies and lead women ministries for a number of years. She will also complete her ministry degree at International School of Ministry this year.

Peter Schiff: When The Dollar Falls, China Won’t Be There To Catch It (VIDEO)

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By: Shadow of Truth, The Daily Coin |

Paper money eventually returns to its intrinsic value – zero. – Voltaire

The value of fiat currencies is based on faith – faith in the entity that is issuing the currency. In the case of the dollar, it’s issued by the Treasury and backed by the “full and faith and credit of the U.S. Government.”

In reality the dollar is simply a debt instrument which the Government issues to the public. There is no real objective measure of the dollar’s value. But let’s examine the “credit” of the U.S. Government. The Government has issued $18 trillion in Treasury debt. When the debt ceiling limit eventually is raised, that number will likely quickly jump north of $19 trillion. It also guarantees about $7 trillion Fannie Mae and Freddie Mac debt. It also backstops about $1.3 trillion in student debt.

These are just the “funded” liabilities issued to the parties who loaned this money to the Government. There’s also an estimated $200 trillion of “unfunded” liabilities in the form of promises to make payments associated with Government pensions, entitlement programs, Social Security, etc.

Ultimately headed for a dollar crisis – next time when the dollar falls it will fall vs. the yuan. The next currency crisis will be much worse because when the dollar falls, China won’t be there to catch it. – Peter Schiff on Shadow of Truth

The average lifespan of a fiat currency over history is 27 years. The British pound sterling has lasted 300 years but it was originally backed by 12 ounces of silver per unit. The pound is now worth .5% of its original value. The U.S. dollar as a fiat currency has lasted, so far, 44 years since Nixon removed entirely the gold-backing. Since the Fed was founded in 1913, the dollar has lost over 97% of its value. (Note: the value of fiat currencies are measured vs. gold).

The Shadow of Truth hosed Peter Schiff today. One of the primary topics was China’s move to begin devaluing currency and to “de-peg” it from the dollar. Historically, when the dollar plummeted – see 2002 – 2009, for instance – China had to buy dollars and sell yuan in order to maintain the $/yuan peg. Over the years this cost China a lot of money but it enabled China to continue building its export economy.

The purpose of de-pegging is part of a process that has been initiated by China to prepare the world for a post-U.S. global economy, as we discussed in our China Braces For Impact SoT Market Update. The next time the dollar starts to head lower, China will let the dollar fall…


Rory Hall has been a daily contributor at SGTReport.com. for more than two years. He has written several original articles and interviewed some of the top precious metals professionals in the industry, as well as top preparedness specialists in the world. His YouTube Channel, The Daily Coin, was launched in February 2014 and his website TheDailyCoin.org was launched April 25, 2014. QUOTE: “As a student of monetary, financial and economic history for the past five years it has taught me to watch the markets with an open mind and a hand on my wallet.”

Economic Nationalism: Alternative To Globalism

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Ivory tower economists, corporate business analysts and financial experts routinely trash any discussion that America needs to institute a national economic policy that actually benefits our own country. The mantra of unchallenged doctrine that globalism is the only path for world commerce has been intensively pushed for well over the last half century. How well did the United States fare? An honest evaluation must acknowledge the diminishing middle class has paid the greatest penalty from the corporatist sedition that has destroyed internal independence and productive prosperity.

Building viable enterprises that conduct useful economic activities produce needed and desirable goods and services. Good paying jobs grow when the velocity of money flows in the “real” domestic economy.

International trade can and is often advantageous if it benefits all parties involved in prosperity from the transactions. However, in the un-free framework for maximizing the corporatism structure of above and beyond any particular country jurisdiction or trade policies, the globalists have set up the exact opposite from the much lauded “Free Trade” conduit.

The next argument points out the inconsistency in Economic Nationalism in the Age of Globalism, and asks:

“Is economic nationalism a reaction to global integration, which in essence means cooptation and domination of national markets by the strongest multinational corporations of the richest nations? Neoliberal insist on the forces of the free market operating without government interference to protect the national capitalist class and workers. Naturally, neoliberals advocating global integration have come out against the tide of economic nationalism in any form. However, the same advocates of neoliberalism have no problem supporting corporate welfare in their own countries, a system that is a form of economic nationalism. When governments use taxpayer money to bail banks and subsidize corporations that is a form of economic nationalism, just as when they lobby to have products and services of their industries marketed in countries competing with similar products and services.”

Note the error in the assumption that multinational corporatists have a beneficial relationship to any country that flies their business flag. In a perverted business culture which is now based upon the ‘Citizens United’ court decision that confirms previous precedents that a corporation is a person, the United States has lost the leverage to reverse the international trade practices that has clearly been the vehicle for domestic economic decline.

The alternative to the surrender of sovereignty and globalist blackmail can be found in paleo-conservative populism and the economic history that built America in the 19th century.

Still relevant and sound as the day it was written, Pat Buchanan on Free Trade, provides the template for a rational and constructive national economic model.

“Good for global business” isn’t necessarily good for US

Global capitalists have become acolytes of global governance. They wish to see national sovereignty diminished and sanctions abolished. Where yesterday American businesses suffered damage to their good name for selling scrap iron to Japan before Pearl Harbor, today [war materiel is routinely exported] to potentially hostile nations. Once it was true that what was good the Fortune 500 was good for America. That is no longer true, and what is good for America must take precedence. (Source: “A Republic, Not an Empire,” p.349 , Oct 9, 1999)

“Economic Nationalism”: trade only when it helps US

Rather than making “global free trade” a golden calf which we all bow down to, and worship, all trade deals should be judged by whether:

they maintain US sovereignty;

they protect vital economic interests;

and they ensure a rising standard of living for all our workers.

We must stop sacrificing American jobs on the altars of transnational corporations whose sole loyalty is to the bottom line.

“America First”: Tariffs; reciprocal trade; anti-dumping

America’s workers are being sacrificed to the Global Economy, and our leaders seem deaf to their distress.

Impose tariffs on cheap foreign imports

Prioritize the American Economy before the Global Economy by withdrawing from international organizations that imperil our financial stability & economic independence

Open foreign markets to American products by requiring reciprocal trade policies

Protect vital industries by passing tough anti-dumping legislation.

A policy of Rational Tariffs Lower Irrational Trade Deficits is a course for a rebirth in economic vigor. Tariffs Can Restore America’s Greatness sounds like the next topic for the Donald Trump campaign to take directly to the people.

Economic Nationalism is a bipartisan issue that offers hope and practical employment for the displaced and discouraged. American companies have been punished for decades under the power elite and globalist betrayers.

The Wall Street crowd despises the small investor and by inference the average hard working American. The plutocrats have built much of their ill-gotten gain on the outsourcing of an independent domestic economy.

Globalism is on the precipice of a world-wide implosion. The danger is not just a planetary economic depression, but an intentional political crisis that will demand even more control and loss of access to meaningful commerce.

The cries that international trade will stall to a halt will be used to economically enslave the populist further. Combat this devious strategy to stamp out the diminished vestiges of national ventures with a total rejection of the internationalist “Free Trade” prototype.

Demand for real jobs exists now. In order to achieve the opportunity for earning a living with dignity can be accomplished under a transition to economic nationalism.

The discontent of the electorate is distinctly observable at the Trump or Sanders rallies. The frustration is real and the outcry is becoming louder.

Nevertheless, the road to a solution cannot rely upon a government nanny state mentality. The globalist juggernaut is formidable, as much as it is destructive. In order to implement the conversion into a merchant economy, the bulwark blockage of crony finance and fatal usury need to be broken.

The start to this process begins with an awakening that globalism is the foremost enemy to America. The elites and the entire establishment are hell bent on maintaining a corrupt system. Is it not time to regain our own economic destiny?


SARTRE is the pen name of James Hall, a reformed, former political operative. This pundit’s formal instruction in History, Philosophy and Political Science served as training for activism, on the staff of several politicians and in many campaigns. A believer in authentic Public Service, independent business interests were pursued in the private sector. As a small business owner and entrepreneur, several successful ventures expanded opportunities for customers and employees. Speculation in markets, and international business investments, allowed for extensive travel and a world view for commerce. He is retired and lives with his wife in a rural community. “Populism” best describes the approach to SARTRE’s perspective on Politics. Realities, suggest that American Values can be restored with an appreciation of “Pragmatic Anarchism.” Reforms will require an Existential approach. “Ideas Move the World,” and SARTRE’S intent is to stir the conscience of those who desire to bring back a common sense, moral and traditional value culture for America. Not seeking fame nor fortune, SARTRE’s only goal is to ask the questions that few will dare … Having refused the invites of an academic career because of the hypocrisy of elite’s, the search for TRUTH is the challenge that is made to all readers. It starts within yourself and is achieved only with your sincere desire to face Reality. So who is SARTRE? He is really an ordinary man just like you, who invites you to join in on this journey. Visit his website at http://batr.org.

Economic Crisis Goes Mainstream – What Happens Next?

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Last year, when alternative economic analysts were warning that the commodities crush and oil crash just after the taper of QE3 were blaring signals for a downshift in all other financial indicators, the general response in the mainstream was that we were overreacting and paranoid and that the commodities jolt was temporary. Perhaps the fact needs repeating that it’s not paranoia if they are really out to get you.

Only a short time later, it is truly amazing how the rhetoric from the mainstream economic yes-men is changing. The blind analysts who were cheerleading for the nonexistent global recovery are now being carefully relegated to the janitor’s closet over at The New York Times, where Paul Krugman’s office should be. Media outlets are begrudgingly admitting to global instabilities like, for instance, a U.S. interest rate hike leading to a return to recession. (Special note to the mainstream media: Take away the fruitless manipulation of indicators through Fed stimulus, and we never left the recession.) They also are now forced to acknowledge that China’s market crash and yuan devaluation have far-reaching implications for global crisis, whereas a year ago the claim was that China’s problems would stay in China. Even China’s own media are now warning of the chain of fiscally interdependent economies and what the nation’s downturn means for everyone.

The MSM are finally entertaining the obvious notion that the vast financial problems of the EU have little to do with the crisis in Greece and more to do with crushing debt obligations and employment problems in primary nations like France and Italy.

And suddenly, pundits are once again concerned with Japan’s epidemic of mini-recessions and the truth of fiscal contraction that is not just a way of life, but an exponential dynamic that is getting worse fast, rather than staying static. This concern is, of course, always followed with suggestions that the light can be seen at the end of the tunnel and that growth will inevitably return. The mainstream media may be discussing points of reality, but that does not stop them at times from mixing in fairy tales.

This alteration in rhetoric from the mainstream may not necessarily be due to an awakening in the media. Rather, it may be due to the new narratives being put forth by core banking elite institutions like the International Monetary Fund and the Bank of International Settlements, institutions that have established a mission to appear competent in the wake of an economic crisis they KNOW is about to be triggered. The IMF is consistently making statements regarding potential disaster in global markets due to central banking stimulus measures (which it originally championed), as well as potential rate hikes, sending mixed messages to devout mainstream followers. The IMF’s latest overviews of global markets have been far gloomier than mainstream media outlets until recently. Suddenly, it would seem, the media has been given direction to parrot internationalist talking points.

The BIS warns that the world is currently defenseless against the next market crisis. I would point out that the BIS has a record of predicting economic crashes, including back in 2007 just before the derivatives and credit crisis began. This ability to foresee fiscal disasters is far more likely due to the fact that the BIS is the dominant force in global central banking and is the cause of crisis, rather than merely a predictor of crisis. That is to say, it is easy to predict disasters you yourself are about to initiate.

It is no mistake that the warnings from the BIS and the IMF tend to come too little too late, or that they are beginning to compose cautionary press releases today that sound much like what alternative analysts were saying a few years ago. The goal of these globalist organizations is not to help people prepare, only to set themselves up as Johnny-come-lately prognosticators so that after a collapse they can claim they warned us all, which can then be used as a rationalization for why they are the best people to administrate the economies of the planet as a whole.

So now that the mainstream is willing to report on clear economic dangers, what happens next?

The change in the MSM narrative is a bad sign. The initial media coverage of the derivatives implosion in 2008 did not become negative until we were well within the shadow of the avalanche. If the same holds true today, then a market event is imminent. Here are some of the issues you may hear more about as the year goes forward.

China ‘Contagion’

Forget about Greek contagion, we will be hearing far more about Chinese contagion over the next several months.  The globalist run Carnegie Endowment for International Peace is already fielding the concept in their magazine ‘Foreign Policy’. With the devaluation of the yuan, mainstream analysts are frantic over the possibility of currency wars, a concept they rarely ever entertained in the past. Yuan devaluation is not, though, necessarily a negative for China itself. In fact, the IMF in recent statements argues that China’s economy is entering a “new normal” of slower but more “stable” growth. The IMF also has announced that the recent shock of the falling yuan to global markets actually makes the currency MORE viable for inclusion in the Special Drawing Rights global currency basket, a decision that is supposed to be finalized by November (though a year long extension has been recommended by the IMF before approval).

Expect that economic news will be focused nonstop on China for the rest of the year, perhaps leading to the perpetuation of the false East/West paradigm and the idea that Americans should blame China for the overall financial crisis rather than the global bankers who engineered the mess.  In the meantime, top globalists will continue to remain “neutral”, presenting themselves as peacemakers and problem solvers arguing that the crash is “no one’s fault”, that over-complexity is the danger,  and that interconnected economies must be simplified down to a single global currency and single global authority.

U.S. Economy Feeling Effects

The Federal Reserve push for a rate hike will likely be determined before 2015 is over. Talk of a September increase in interest rates may be a ploy, and a last-minute decision to delay could be on the table. This tactic of edge-of-the-seat meetings and surprise delays was used during the QE taper scenario, which threw a lot of analysts off their guard and caused many to believe that a taper would never happen. Well, it did happen, just as a rate hike will happen, only slightly later than mainstream analysts expect.

If a delay occurs, it will be short-lived, triggering a dead cat bounce in stocks, with rates increasing before December as dismal retail sales become undeniable leading into the Christmas season.  It is important to remember that the Fed’s job is to DERAIL the U.S. economy, NOT protect it.

In the meantime, the IMF’s SDR conference continues, with the inclusion of the yuan now widely considered a threat to the dollar’s world-reserve status. The mainstream media are now preparing the American people (or at least those who are paying any attention) for the coming loss of world-reserve status. The propaganda aims to paint the dollar’s reserve position as a bad thing. The MSM argue that loss of reserve status could actually help the U.S. economy get back on track and that a global harmonization of sovereign currencies will be a boost to our fiscal outlook. This is clearly an attempt to inoculate the public against any concern over the eventual crash of dollar value.

Oil Price Panic

Oil prices will continue to deflate, and the after-effects will be difficult to gauge. With John Kerry publicly warning that the failure of an Iran deal (including the lucrative oil export deals that would be included) could lead to the loss of the dollar’s world-reserve status, I am not very optimistic about the future prospects of energy markets.

Kerry claims that a failed Iran agreement would put the U.S. at odds with allies who brokered the deal, but this is not the whole story. What is really taking place is an attempt by Kerry to distract the public away from the real reasons for the future fall of the dollar, including the rise of the SDR and the likelihood that Saudi Arabia will soon decouple from the dollar as the solitary purchasing mechanism for their oil (Saudi Arabia is surprisingly one of the main supporters of an Iran deal). It is perhaps possible that a collapse of the Iran agreement could be used as an excuse for a loss of dollar reserve status that was going to happen anyway.

Events Moving Faster

Economic news is moving extremely fast this year, and it will only become more frenetic as we close in on 2016. The general consensus among alternative economic investigators seems to be that 2015 will be the year for trigger events and dead fantasies. In my six part series entitled ‘One Last Look At The Real Economy Before It Implodes’ I essentially agree with this timetable. If 2014 was the new 2007 with all its immediate warning signs, then 2015 is the new 2008 with all the chaos and broken paradigms.

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Brandon Smith is the founder of the Alternative Market Project, an organization designed to help you find like-minded activists and preppers in your local area so that you can network and construct communities for barter and mutual aid. Join www.Alt-Market.com today and learn what it means to step away from the unstable mainstream system and build something better. You can contact Brandon Smith at: [email protected].

Western Central Banks Are Losing Control (VIDEO)

world-currencies

This week James speaks with Dave, an economic and political analyst, webmaster and host of the X22 Report. They discuss potential catastrophic events in coming months, Jade Helm, the increasingly desperate moves of central planners to prop up fiat currencies and related geopolitical developments attached to sustaining the petrodollar, including the assault on Syria. Dave also explains how broader political and economic concerns impact personal finances, and what one can do in terms of preparedness.

He asserts that since 2008 major economic interests have been preparing themselves for further market turmoil, and the present economic paradigm is not feasible past 2016. Presently a struggle is on between China and Russia, and Western central banks that will likely seek to reintroduce similar fiscal programs once a major crisis has been endured.

Dave has worked as a stockbroker and technical advisor for several prominent Wall Street firms. Now based in Florida, he is devoted to providing daily analyses of economic and political developments on the X22 Report’s website and two YouTube Channels, X22 Report and X22 Report Spotlight.

Download


Professor James F. Tracy is an Associate Professor of Media Studies at Florida Atlantic University. James Tracy’s work on media history, politics and culture has appeared in a wide variety of academic journals, edited volumes, and alternative news and opinion outlets. James is editor of Union for Democratic Communication’s Journal Democratic Communiqué and a contributor to Project Censored’s forthcoming publication Censored 2013: The Top Censored Stories and Media Analysis of 2011-2012. Additional writings and information are accessible at memoryholeblog.com..

Deepening Greek Depression

greece crisis

Greece is Exhibit A on how financial predators wreck economies for profit. Force-fed austerity is toxic, polar opposite what’s needed.

Weak economies need stimulus to stabilize, recover and grow – expansive monetary and fiscal policy. Euro straightjacket rules prevent member countries from controlling their own financial policies. It’s like having weapons with no ammunition when trouble strikes.

Greece’s manufacturing index is a testimony to wrongheaded euro policies. It July, it sank at a record pace – from a negative 46.9 in June to a dismal 30.2 in July.

Readings below 50 signify contraction. Greece’s new orders gauge showed no relief in sight – plunging from 43.2 in June to a record 17.9 in July.

Markit Economics blamed capital controls and a “generally uncertain operating environment. Although manufacturing represents only a small proportion of Greece’s total productive output, the sheer magnitude of the downturn sends a worrying signal for the health of the economy as a whole. Bank closures and capital restrictions badly hampered normal business activity.”

Since crisis erupted five years ago, Greece’s economy slumped over 25%. After reopening for the first time since June 26, Greece’s stock market crashed – down 23% in early trading, closing around 20% lower than when trading began with perhaps more declines coming before stabilizing.

A halt in short selling was declared. The benchmark National Bank of Greece plunged 30% – the daily limit. Other bank valuations followed.

The Financial Times cited an unnamed Greek market analyst saying “banks are especially vulnerable because of capital controls. The question now is whether they’ll drag down the rest of the market with them.”

Monday trading showed bad news affected equities across the board. In the past 12 months, the Athens Composite is down about 45% – heading lower.

Greece’s bond market indicates further trouble. Higher short-term rates over longer-dated bonds indicates investors fear default. Greek two-year notes yield 21% – 10-year bonds around 12%.

Investment strategist Frances Hudson commented, saying “things are going to be very tough for Greece” – especially with tougher austerity measures imposed, more coming, and still more demanded.

Greece’s economy teeters near collapse. Investment “ground to a halt,” the Financial Times reported. Prospects ahead look dismal.

Troika and Greek financial officials are discussing recapitalizing the nation’s major banks – hard hit by capital flight and non-performing loans. Up to 25 billion euros are needed.

Austerity issues being discussed include pension reform, ending early retirement, accelerated privatizations, ending violations of Greece’s last bailout agreement and further social service cuts than already demanded.

Releasing bailout funds in amounts to be determined depend on SYRIZA’s implementing all terms imposed. So far, Prime Minister Alexis Tsipras conceded on virtually everything – breaching his promise of ending austerity.

The Foundation for Economic and Industrial Research’s monthly Greek economic sentiment indicator fell for the fifth straight time in July – reaching its lowest level since October 2012. A IOBE statement said:

“The negative development is the result of the sharp deterioration in business expectations in all areas, but also a recent and significant decline in consumer confidence.”

Greece has a three billion euro debt service obligation due the ECB on August 20. It needs to complete ongoing talks to receive bailout funds in agreed on tranches to be mostly handed right back to banks and other large creditors – a predatory scheme raping the country and harming ordinary people most, already in extreme duress.

Former SYRIZA welfare minister Dimitris Stratoulis said “(t)he government has to choose between a humiliating agreement to sign a third bailout, or abandon the agreements reached in Brussels and seek alternatives for a positive course out of this crisis.”

The capitulation course chosen assures harder than ever hard times ahead, potential economic collapse, as well as eventual odious debt default and Grexit instead of right now as the only way back from the abyss no matter how painful the process.


Stephen Lendman lives in Chicago and can be reached at [email protected]. His new book is titled “How Wall Street Fleeces America: Privatized Banking, Government Collusion and Class War”. www.claritypress.com/Lendman.html Visit his blog site at www.sjlendman.blogspot.com.

Economic Reality Now Catching Up To Market Fantasy

alicelooking2

In the mind of a schizophrenic person, internal elements of fantasy (negative and positive) are made manifest in the psyche and projected out onto the real world. Often, the daydream images of the mind are not merely images to them. Rather, what they imagine subconsciously becomes reality. Their faculties of observation become so limited, either due to a reaction to trauma or merely an inherent inability to cope, that they cannot decipher between fact and fiction. A person could go on like this for quite some time if all his needs are provided for by someone else. But the moment that support ends (and it will), the realities of necessity, not to mention supply and demand, take hold. One cannot live in a schizophrenic world indefinitely.

The current global mishmash of interdependent and socialized economies are, at bottom, schizophrenic. Our markets are not based in any fundamental reality. There is very little tangible foundation left to stand on, and this has been the case for several years. Yet some people might argue that since the derivatives crash of 2008, most of the world has continued to walk on air and there is little for us to worry about.

The power of fantasy is that it is self-perpetuating. Fantasies are fueled most commonly by misplaced hopes and unhealthy or unrealistic desires, and such things are darkly and grotesquely energizing. Fantasies can indeed keep economies around the world functionally alive even when they are clinically dead. But again, there is always an end.

Equities and commodities markets in particular have levitated despite economic fact, making their eventual fall ever more spectacular. That fall has now begun halfway through 2015.

Let’s look at the cold hard truths of our current situation.

New signals of market crisis are generating every two to four weeks as we grind on into the third quarter. This is in stark contrast to the relatively predictable and “stable” market behavior of the past three years. I realize that we are experiencing a “slow boil” and that many people may not even be taking note of the exponential increase in negative economic signs, but really, think about it – at the beginning of 2014, what was the general financial sentiment compared to today?

Europe has just experienced the worst “near miss” yet with the Greek crisis, a crisis that is still not over and will likely end in chaos as the last-minute deal with the European Central Bank is derailed by International Monetary Fund intervention.

Keep in mind that Europe is overwhelmed with debt as peripheral countries border collapse and core nations like France float in a recessionary ether they refuse to openly acknowledge.

Asia is the biggest story right now, with Chinese markets in veritable free fall despite all attempts by the communist government to quell stock selling and shorting, to the point of threatening arrest and imprisonment for some net short sellers.

China’s Shanghai Stock Exchange has experienced a 30% drop in market value in a month’s time. The mainstream argument meant to marginalize this fact is that less than 2% of China’s equities are owned by foreign investors; therefore, a crash there will not affect us here. This is, of course, pure idiocy.

China is the largest importer/exporter in the world; and it’s set to become the world’s largest economy within the next two years, surpassing the United States. China’s economy is a production economy, and the nation is a primary supplier for all consumer goods everywhere. Thus, China is a litmus test for the fiscal health of the rest of the world. When Chinese companies are struggling, when exporters are seeing steady overall declines and when manufacturing begins to crawl, this is not only a reflection of China’s economic instability, but also a reflection of the collapsing demand in every other nation that buys from China.

Collapsing demand means collapsing sales and collapsing market value. For a global economic system so dependent on ever growing consumption, this is a death knell.

In the U.S., markets have experienced a delayed reaction of sorts, due in great part to the Federal Reserve’s constant injections of fiat fantasy fuel since the credit crisis began. This kind of artificial support for markets has become an expected and essential part of market psychology, resulting in utter dependency on easy money siphoned into big banks that then use it to bolster equities through massive stock buybacks (among other methods). Now, however, quantitative easing has been tapered and zero interest-rate policy is nearing the chopping block.  The stock buyback scam is nearing an end.

Already, U.S. stocks are beginning to feel the pain as reality slowly nibbles away once dependable gains. There is a good reason for this – Wages are in constant decline; manufacturing is in steady decline; retail sales are in decline, and government and personal debts continue to rise. We are not immune to the financial chaos of other nations exactly because we have been railroaded into a highly interdependent global economic system. In fact, much international fiscal uncertainty is tied directly to the fall of the American consumer as a reliable cash cow and economic engine.

So where is this all headed?

Commodities tell part of the story, with oil sliding steadily, signaling what we in the alternative economic community have been saying for years: Fiat stimulus propped up markets (including energy markets) that should have been allowed to deflate long ago, and now we are suffering the consequences. Crude oil prices fell 19 percent in July alone as energy companies the world over scramble to adapt. Gold and silver have taken considerable hits to their paper value while physical purchases continue to skyrocket, meaning the street price of metals may soon decouple from illegitimate and manipulated market prices.

Smaller and some medium-sized economies will continue to “surprise” markets with volatile debt issues, like Puerto Rico (nearing possible default) and Venezuela (nearing certain doom). These are more canaries in the coal mine to watch carefully.

It is also important to keep in mind that prices on necessities including food and housing remain high despite deflation in other areas (like wages).  This suggests we are in the midst of a stagflationary fiscal environment.

Centralization is the key to every single economic development we’ve seen since the 2008 crash. Venezuela, in particular, is a marker for where we are all headed: total price controls, food confiscation from farms, rationing and even computer-chipped ration cards in order to thwart any attempts by citizens to stockpile essentials.  Do not assume that such draconian measures are limited to third world socialist hellholes.  Or, at the very least, do not assume that a country like the U.S. is not on the verge of becoming a third world hellhole.

As for Europe, French president Francois Hollande has openly called for a centralized “eurozone government” in order to deal with the ongoing economic crisis there (something I have been warning about for several years).  Supranational government is the endgame for sovereign humanity, and the EU is on the fast track.

In China, the march continues toward the inclusion of the yuan in the IMF’s SDR currency basket, the greatest economic centralization scheme of all time. The recent suggestion by an IMF panel to “delay” inclusion until 2016 only reinforces the likelihood that the Yuan will be entered into the basket.  If the IMF had no intention to bring China into the fold, they would have suggested a 5 year delay just as they did back in 2010.  For those who think China’s recent market crisis will somehow thwart their inclusion into the SDR, think again. The IMF has already announced that the market route in China will have no bearing on the SDR conference, which is set to end in November.

In the U.S., the markets wait for the Federal Reserve’s rate hikes. The rate hike issue is an underestimated one by some analysts, who seem to think that initial hikes will be “minor” and will result in little to no reverberations.  Interest rates affect more than just overnight bank lending; they are the primary pillar supporting current market psychology.  There is NO other financial element giving positive influence to investor psychology.  There is no good economic news out there to warrant the bull market of the past few years.  There is no open form of QE (and future QE seems unlikely as renewed stimulus would only be an admission that the first three attempts at QE failed miserably, derailing any point to new easing).  There is no recovery.  And when any even minor or engineered “good news” is presented in the mainstream, markets have reacted NEGATIVELY for fear that this will hasten higher interest rates.

Beyond psychology and false hopes, even minor increases in interest rates will essentially kill most large scale bank lending.  We know through the limited audit of the TARP bailouts that trillions in fiat was created simply to feed international banks and corporations through ZIRP and that this kind of free money lending has been a mainstay ever since.  ZIRP is the primary driver of stock buybacks and the equities bull market.  But this will only continue as long as the Fed loans remain free (or almost free).  Trillions in loans can equal billions in interest even with a minor rate rise, meaning, with the end of ZIRP and free money, banks and corporations will stop borrowing, stock buybacks will dissolve, and equities will lose the artificial support they have so far enjoyed.

Even mainstream financial news outlets are beginning to question why the Fed would push at all for rate hikes and pretend that the American fiscal system is in recovery, when ALL other information would lead the rational person to the contrary conclusion. I would point out that in order to understand central planners and globalist motives, you need to look at what they chase.

The Fed’s job is to destroy the U.S. economy and the dollar, not save them, which is why the Fed continues to deny economic turmoil and charges headlong into a rate hike scenario even though no one in the mainstream asked them to. The Chinese central bank’s job is to make all arrangements for Yuan inclusion in the SDR, despite the fact that China is supposedly in conflict with Western banks. The ECB and Europe are obsessed with centralized government even if they have to break several eggs to get it. And the IMF and Bank of International Settlements are set up to be the economic heroes of the day, warning us all (too late, of course) of the potential downfall of central bank stimulus policies and government debt obligations.

In a murky world of market fantasy, our first guideposts are the fundamentals themselves. Supply and demand can be misrepresented for a time through manipulated statistics, but the tangible effects of decline cannot be. Our secondary guideposts are the paths that internationalists and central banks bulldoze through the fiscal forest. To anyone with any sense, the endgame is clear: Total centralization is the goal, and economic fear is the tool they hope to use to get there. I have written on numerous solutions to this threat in past articles; but the first and most important action is for each of us to acknowledge, wholeheartedly, that the system we know is ending. It is over. What replaces that system will either be up to us or up to them. Only by admitting that there is an end to the fantasy, a painful end, will we then be able to help determine our future reality.

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Brandon Smith is the founder of the Alternative Market Project, an organization designed to help you find like-minded activists and preppers in your local area so that you can network and construct communities for barter and mutual aid. Join www.Alt-Market.com today and learn what it means to step away from the unstable mainstream system and build something better. You can contact Brandon Smith at: [email protected].

Obama’s Climate Fascism Is Another Nail In The Coffin For The U.S. Economy

President Obama Visits Berlin

Is Barack Obama trying to kill the economy on purpose?  On Sunday, we learned that Obama is imposing a nationwide 32 percent carbon dioxide emission reduction from 2005 levels by the year 2030.  When it was first proposed last year, Obama’s plan called for a 30 percent reduction, but the final version is even more dramatic.  The Obama administration admits that this is going to cost the U.S. economy billions of dollars a year and that electricity rates for many Americans are going to rise substantially.  And what Obama is not telling us is that this plan is going to kill what is left of our coal industry and will destroy countless numbers of American jobs.  The Republicans in Congress hate this plan, state governments across the country hate this plan, and thousands of business owners hate this plan.  But since Barack Obama has decided that this is a good idea, he is imposing it on all of us anyway.

So how can Obama get away with doing this without congressional approval?

Well, he is using the “regulatory power” of the Environmental Protection Agency.  Congress is increasingly becoming irrelevant as federal agencies issue thousands of new rules and regulations each and every year.  The IRS, for example, issues countless numbers of new rules and regulations each year without every consulting Congress.  Government bureaucracy has spun wildly out of control, and most Americans don’t even realize what is happening.

In the last 15 days of 2014 alone, 1,200 new government regulations were published.  We are literally being strangled with red tape, and it has gotten worse year after year no matter which political party has been in power.

These new greenhouse gas regulations are terrible.  The following is a summary of what Obama is now imposing on the entire country

Last year, the Obama administration proposed the first greenhouse gas limits on existing power plants in U.S. history, triggering a yearlong review and 4 million public comments to the Environmental Protection Agency. In a video posted to Facebook, Obama said he would announce the final rule at a White House event on Monday, calling it the biggest step the U.S. has ever taken on climate change.

The final version imposes stricter carbon dioxide limits on states than was previously expected: a 32 percent cut by 2030, compared to 2005 levels, senior administration officials said. Obama’s proposed version last year called only for a 30 percent cut.

In America today, the burning of coal produces approximately 40 percent of the electrical power used by Americans each year.

So what is this going to do to our electricity bills?

You guessed it – at this point even the Obama administration is admitting that they are going to go up.  The following comes from Fox News

The Obama administration previously predicted emissions limits will cost up to $8.8 billion annually by 2030, though it says those costs will be far outweighed by health savings from fewer asthma attacks and other benefits. The actual price is unknown until states decide how they’ll reach their targets, but the administration has projected the rule would raise electricity prices about 4.9 percent by 2020 and prompt coal-fired power plants to close.

In the works for years, the power plant rule forms the cornerstone of Obama’s plan to curb U.S. emissions and keep global temperatures from climbing, and its success is pivotal to the legacy Obama hopes to leave on climate change. Never before has the U.S. sought to restrict carbon dioxide from existing power plants.

And we must keep in mind that government projections are always way too optimistic.  The real numbers would almost surely turn out to be far, far worse than this.

In addition, these new regulations are going to complete Barack Obama’s goal of destroying our coal industry.  In a previous article, I included an excerpt from a recent news article about how some of the largest coal producers in America have just announced that they are declaring bankruptcy

On Thursday, Bloomberg reported that the biggest American producer of coking coal, Alpha Natural Resources, could file for bankruptcy as soon as Monday.

Competitor Walter Energy filed for bankruptcy earlier this month, and several others have done the same this year.

Barack Obama has actually done something that he promised to do.

He promised to kill the coal industry, and he is well on the way to accomplishing that goal.

Of course Hillary Clinton thinks that this is a splendid idea.  She called Obama’s plan “the floor, not the ceiling”, and she is pledging to do even more to reduce greenhouse gas emissions.  The following comes from the Washington Post

Democratic presidential front-runner Hillary Rodham Clinton pledged Sunday that if elected she will build on a new White House clean-energy program and defend it against those she called “Republican doubters and defeatists.”

Clinton was the first 2016 candidate to respond to the ambitious plan that President Obama will debut on Monday. Details of the program, which aims to cut greenhouse-gas pollution, were released over the weekend. The new regulation will require every state to reduce emissions from coal-burning power plants.

And you know what?

The climate control freaks will never be satisfied.  Since just about all human activity affects the climate in some way, they will eventually demand control over virtually everything that we do in the name of “saving the planet”.  That is why I call it “climate fascism” – in the end it is all about control.

During the month of September, the Pope is going to travel to the United Nations to give a major speech to kick off the conference at which the UN’s new sustainable development agenda will be launched.  As I have documented previously, this new agenda does not just cover greenhouse gas emissions and the environment.  It also addresses areas such as economics, agriculture, education and gender equality.  It has been called “Agenda 21 on steroids”, and it is basically a blueprint for governing the entire planet.

Unfortunately, that is ultimately what the elite want.

They want to micromanage the lives of every, man, woman and child on the globe.

They will tell us that unless people everywhere are forced to reduce their “carbon footprints” that climate catastrophe is absolutely certain, but their “solutions” always mean more power and more control in their hands.

Barack Obama promised to fundamentally transform America, and he is doing it in hundreds of different ways.  These new greenhouse gas regulations are just one example.  Our nation is being gutted like a fish, and most Americans don’t seem to care.

What in the world will it take for this country to finally wake up?


Michael T. Snyder is a graduate of the McIntire School of Commerce at the University of Virginia and has a law degree and an LLM from the University of Florida Law School. He is an attorney that has worked for some of the largest and most prominent law firms in Washington D.C. and who now spends his time researching and writing and trying to wake the American people up. You can follow his work on The Economic Collapse blog, End of the American Dream and The Truth Wins. His new novel entitled “The Beginning Of The End” is now available on Amazon.com.

What’s Going To Happen In September And Why You Need To Know About It (VIDEOS)

Shemitah 2015

It seems a lot of people lately are having a gut feeling that something “Big” is about to unfold, but no one knows exactly what it is. Maybe people are feeling that way because of the events that are taking place around them. From signs in the heavens, to military stockpiling, to politically disturbing events. There seems to be a confluence of activity both in the political and spiritual realm culminating in 2015 causing peoples alarms to go off. Could it be that people are feeling this way because of the eerie events that are culminating in September?? I believe so…

(Note- I’m not claiming the economy will collapse in September or October, I’m simply stating the similarities with the Shemitah and past events and stating that we need to keep our eye on it.

What is the Shemitah and Why is it Important?

Every seven years ancient Israel would observe a Sabbath year called the Shemitah. During that year all land work ceased and rested. On the last day of that year, all debts were wiped away, all credit was nullified and the financial accounts of the nation were wiped clean. This was meant to be a time of blessing for the nation of Israel.

However when Israel turned her back on God the Shemitah turned into time of judgement. For example the Babylon exile and the destruction of the kingdom all happened during the Shemitah year (to mention a few).

Why is this important?  Because many Christians believe America parallels Israel in bible prophecy and because of that prophetic ministers are seeing similarities between the two in regards to the Shemitah year. What Jonathan Cahn—the Rabbi who discovered the parallels to the Shemitah—and others see is that once America turned her back on God, we too began receiving the Shemitah judgments, just like Israel. However ours have specifically impacted our finances. In fact the majority of our collapses have happened on Shemitah years.

We are currently living in a Shemitah year and as predicted our finances are already going haywire. The Shemitah Year will conclude September 13th and then we will enter the impact month (September 14th-October 13th) known as the month of Tishrei, and according to Jonathan Cahn a peaking point.

What Else is Happening In or Before September? Here a list of Thirteen Facts:

1. NORAD reopens Cheyenne Mountain after years of closure due to worries about an EMP attack

2. US Supreme Court legalizes gay marriage in all 50 states

3. Star of Bethlehem appears on June 30th

4. Talisman Saber Starts

5. Pope Francis declares his desire to build a World Government and a New World Order

6. The Temple Institute announces their plan to farm raise Red Heifer’s a precursor to the Building of the Temple.

7. New York Stock Exchange crashes, United Airlines halts, Wall Street journalist site and Chinese Market Shutdown

8. Jade Helm begins July 15th

9. Shemitah Year

10. Jubilee year

11. Blood moon Tetrad Concludes September 28th   

12. UN hosts their Agenda 21 Meeting Sustainable Development for the Entire Planet (September 25-27) Pope Will Travel to New York and address Congress & attend the meeting

13. The coming UN Proposal to make Palestine a state.

For More Information See:

Jonathan Cahn: http://www.barnesandnoble.com/p/the-mystery-of-the-shemitah-unlocked-jonathan-cahn/1121169625/2671637923123?st=PLA&sid=BNB_DRS_Marketplace+Shopping+Paperbackshopus_00000000&2sid=Google_&sourceId=PLGoP23224&k_clickid=3×23224&kpid=2671637923123

HR28:99-https://www.congress.gov/bill/114th-congress/house-bill/2899


Lisa Haven is an independent Christian news analysis and one of the top contributors on www.BeforeItsNews.com. She is also author of www.LisaHavenNews.net and runs her own youtube channel (Lisa Haven) with tens-of-thousands of views per day. Digging deep and finding truth is what she lives for. Her passion is to spread truth no matter where it lies. She covers everything from martial law, to FEMA camps, to end time bible prophecy, to government documents and much more! Before launching her journalism career, she wrote many bible studies and lead women ministries for a number of years. She will also complete her ministry degree at International School of Ministry this year.

The Economic And Financial Problems In Europe Are Only Just Beginning…

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Right now, the financial world is focused on the breathtaking stock market crash in China, but don’t forget to keep an eye on what is happening in Europe.  Collectively, the European Union has a larger population than the United States, a larger economy than either the U.S. or China, and the banking system in Europe is the biggest on the planet by far.  So what happens in Europe really matters, and at this point the European economy is absolutely primed for a meltdown.  European debt levels have never been higher, European banks are absolutely loaded with non-performing loans and high-risk derivatives, and the unemployment rate in the eurozone is currently more than double the unemployment rate in the United States.  In all the euphoria surrounding the “deal” that temporarily kept Greece in the eurozone, I think that people have forgotten that the economic and financial fundamentals in Europe have continued to deteriorate.  Whether Greece ultimately leaves the eurozone or not, a great financial crisis is inevitably coming to Europe.  It is just a matter of time.

In many ways, the economy of Europe is in significantly worse shape than the U.S. economy.  Just recently, the IMF issued a report which warned that the eurozone is “susceptible to negative shocks” and could be facing very tough economic times in the near future.  The following comes from the Guardian

The International Monetary Fund has warned the eurozone faces a gloomy economic outlook thanks to lingering worries over Greece, high unemployment and a banking sector still battling to shake off the financial crisis.

The IMF’s latest healthcheck on the eurozone found it was “susceptible to negative shocks” as growth continues to falter and monetary policymakers run out of ways to help. It called for an urgent “collective push” from the currency union to speed up reforms or else risk years of lost growth.

A moderate shock to confidence – whether from lower expected future growth or heightened geopolitical tensions – could tip the bloc into prolonged stagnation,” said Mahmood Pradhan, the IMF’s mission chief for the eurozone.

But even if there are no “shocks” to the European economy in the months ahead, the truth is that it is already in terrible shape and much of the continent is already mired in an ongoing economic depression.

Today, the official unemployment rate in the United States is just 5.3 percent, but the unemployment rate for the eurozone as a whole is sitting at 11.1 percent.  That is an absolutely terrible number, but most Europeans have come to accept it as “the new normal”.  The following are some of the prominent nations in Europe that currently have an unemployment rate of above 10 percent…

France: 10.3 percent

Italy: 12.4 percent

Portugal: 13.7 percent

Spain: 22.37 percent

Greece: 25.6 percent

And remember, these unemployment numbers often greatly understate the true scope of the problem.

For instance, in Italy the number of people “willing to work but not actively searching” is much higher than the number of Italians that are officially unemployed

For every 100 working Italians, there are 15 people seeking a job and another 20 willing to work but not actively searching, the highest level among the 28 EU countries, according to statistics agency Eurostat.

So would the true rate of unemployment in Italy be greater than 30 percent if honest numbers were being used?

That is something to think about.

Meanwhile, debt levels in virtually all European nations have shot up substantially since the last financial crisis.  Just consider the staggering debt to GDP ratios in the following nations…

France: 95.0 percent

Spain: 97.7 percent

Belgium: 106.5 percent

Ireland: 109.7 percent

Portugal: 130.2 percent

Italy: 132.1 percent

Greece: 177.1 percent

Greece is not the only debt crisis that Europe is facing by a long shot.  All of the other nations on that list are going down the exact same path that Greece has gone down.

So whether or not a “permanent solution” can be found for Greece, the reality of the matter is that Europe’s debt problems are only just beginning.

Meanwhile, the economic crisis in Greece continues to become even more dire.  At this point, nearly half of all loans in the country are non-performing, authorities are warning that bank account holders may be forced to take 30 percent haircuts when the banks are finally “bailed in”, and it is being reported that Greek banks may keep current restrictions on cash “in place for months”

Greek banks are set to keep broad cash controls in place for months, until fresh money arrives from Europe and with it a sweeping restructuring, officials believe.

Rehabilitating the country’s banks poses a difficult question. Should the eurozone take a stake in the lenders, first requiring bondholders and even big depositors to shoulder a loss, or should the bill for fixing the banks instead be added to Greece’s debt mountain?

Answering this could hold up agreement on a third bailout deal for Greece that negotiators want to conclude within weeks.

The longer it takes, the more critical the banks’ condition becomes as a 420 euro ($460) weekly limit on cash withdrawals chokes the economy and borrowers’ ability to repay loans.

Nothing has been “solved” in Greece.  The only thing that has been accomplished so far is that Greece has been kept in the euro (at least for the moment).  But for the average person on the street things continue to go from bad to worse.

How soon will it be until we see similar scenarios play out in Italy, Spain, Portugal and France?

As things in the eurozone continue to deteriorate, nations that were planning to join the euro are suddenly not so eager to do so

Poland will not join the euro while the bloc remains in danger of “burning”, its central bank governor said. Marek Belka, who has also served as the country’s prime minister, said the turmoil in Greece had weakened confidence in the single currency. “You shouldn’t rush when there is still smoke coming from a house that was burning. It is simply not safe to do so. As long as the eurozone has problems with some of its own members, don’t expect us to be enthusiastic about joining,” he said.

Yes, definitely keep an eye on what is happening in China.  Without a doubt, it is very big news.

But I believe that what is going on in Europe will ultimately prove to be an even bigger story.

The greatest financial crisis that Europe has ever seen is coming, and it is going to shake up the entire planet.


Michael T. Snyder is a graduate of the McIntire School of Commerce at the University of Virginia and has a law degree and an LLM from the University of Florida Law School. He is an attorney that has worked for some of the largest and most prominent law firms in Washington D.C. and who now spends his time researching and writing and trying to wake the American people up. You can follow his work on The Economic Collapse blog, End of the American Dream and The Truth Wins. His new novel entitled “The Beginning Of The End” is now available on Amazon.com.

12 Ways The Economy Is Already In Worse Shape Than It Was During The Depths Of The Last Recession

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Did you know that the percentage of children in the United States that are living in poverty is actually significantly higher than it was back in 2008?  When I write about an “economic collapse”, most people think of a collapse of the financial markets.  And without a doubt, one is coming very shortly, but let us not neglect the long-term economic collapse that is already happening all around us.  In this article, I am going to share with you a bunch of charts and statistics that show that economic conditions are already substantially worse than they were during the last financial crisis in a whole bunch of different ways.  Unfortunately, in our 48 hour news cycle world, a slow and steady decline does not produce many “sexy headlines”.  Those of us that are news junkies (myself included) are always looking for things that will shock us.  But if you stand back and take a broader view of things, what has been happening to the U.S. economy truly is quite shocking.  The following are 12 ways that the U.S. economy is already in worse shape than it was during the depths of the last recession…

#1 Back in 2008, 18 percent of all Americans kids were living in poverty.  This week, we learned that number has now risen to 22 percent

There are nearly three million more children living in poverty today than during the recession, shocking new figures have revealed.

Nearly a quarter of youngsters in the US (22 percent) or around 16.1 million individuals, were classed as living below the poverty line in 2013.

This has soared from just 18 percent in 2008 – during the height of the economic crisis, the Casey Foundation’s 2015 Kids Count Data Book reported.

#2 In early 2008, the homeownership rate in the U.S. was hovering around 68 percent.  Today, it has plunged below 64 percent.  Incredibly, it has not been this low in more than 20 years.  Just look at this chart – the homeownership rate has continued to plummet throughout Obama’s “economic recovery”…

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#3 While Barack Obama has been in the White House, government dependence has skyrocketed to levels that we have never seen before.  In 2008, the federal government was spending about 37 billion dollars a year on the federal food stamp program.  Today, that number is above 74 billion dollars.  If the economy truly is “recovering”, why is government dependence so much higher than it was during the last recession?

#4 On the chart below, you can see that the U.S. national debt was sitting at about 9 trillion dollars when we entered the last recession.  Since that time, the debt of the federal government has doubled.  We are on the exact same path that Greece has gone down, and what you are looking at below is a recipe for national economic suicide…

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#5 During Obama’s “recovery”, real median household income has actually gone down quite a bit.  Just prior to the last recession, it was above $54,000 per year, but now it has dropped to about $52,000 per year…

Median-Household-Income-460x306

#6 Even though our incomes are stagnating, the cost of living just continues to rise steadily.  This is especially true of basic things that we all purchase such as food.  As I wrote about earlier this year, the price of ground beef in the United States has doubled since the last recession.

#7 In a healthy economy, lots of new businesses are opening and not that many are being forced to shut down.  But for each of the past six years, more businesses have closed in the United States than have opened.  Prior to 2008, this had never happened before in all of U.S. history.

#8 Barack Obama is constantly telling us about how unemployment is “going down”, but the truth is that the  percentage of working age Americans that are either working or considered to be looking for work has steadily declined since the end of the last recession…

Presentation-Labor-Force-Participation-Rate-460x306

#9 Some have suggested that the decline in the labor force participation rate is due to large numbers of older people retiring.  But the reality of the matter is that we have seen a spike in the inactivity rate for Americans in their prime working years.  As you can see below, the percentage of males between the ages of 25 and 54 that aren’t working and that aren’t looking for work has surged to record highs since the end of the last recession…

Presentation-Inactivity-Rate-460x306

#10 A big reason why we don’t have enough jobs for everyone is the fact that millions upon millions of good paying jobs have been shipped overseas.  At the end of Barack Obama’s first year in office, our yearly trade deficit with China was 226 billion dollars.  Last year, it was more than 343 billion dollars.

#11 Thanks to all of these factors, the middle class in America is dying.  In 2008, 53 percent of all Americans considered themselves to be “middle class”.  But by 2014, only 44 percent of all Americans still considered themselves to be “middle class”.

When you take a look at our young people, the numbers become even more pronounced.  In 2008, 25 percent of all Americans in the 18 to 29-year-old age bracket considered themselves to be “lower class”.  But in 2014, an astounding 49 percent of all Americans in that age range considered themselves to be “lower class”.

#12 This is something that I have covered before, but it bears repeating.  The velocity of money is a very important indicator of the health of an economy.  When an economy is functioning smoothly, people generally feel quite good about things and money flows freely through the system.  I buy something from you, then you take that money and buy something from someone else, etc.  But when an economy is in trouble, the velocity of money tends to go down.  As you can see on the chart below, a drop in the velocity of money has been associated with every single recession since 1960.  So why has the velocity of money continued to plummet since the end of the last recession?…

Velocity-Of-Money-M2-460x306

If you are waiting for an “economic collapse” to happen, you can stop waiting.

One is unfolding right now before our very eyes.

But what most people really mean when they ask about these things is that they are wondering when the next great financial crisis will happen.  And as I discussed yesterday, things are lining up in textbook fashion for one to happen in our very near future.

Once the next great financial crisis does strike, all of the numbers that I just discussed above are going to get a whole lot worse.

So as bad as things are now, the truth is that this is just the beginning of the pain.


Michael T. Snyder is a graduate of the McIntire School of Commerce at the University of Virginia and has a law degree and an LLM from the University of Florida Law School. He is an attorney that has worked for some of the largest and most prominent law firms in Washington D.C. and who now spends his time researching and writing and trying to wake the American people up. You can follow his work on The Economic Collapse blog, End of the American Dream and The Truth Wins. His new novel entitled “The Beginning Of The End” is now available on Amazon.com.

Iranian Sanctions Were Bad For Business

Iran sanctions

By now you have heard that the P5 + 1 and Iranian agreement includes a path for easing out economic sanctions. Before the political pundits inject their commentary and biases for the overall tradeoff of varied interests, it would be good to assess the economic costs computed by imposing sanction on Iran as a political stick to isolate and punish the defiant regime. As the American Empire cracks under the pressure of maintaining total conflict in the Middle East, the realities that the overall world community wants a shift in policy is certainly evident in this controversial arrangement of agreement.

Proponents of incessant regional intervention pay an economic price as computed in Iran Sanctions Cost US Economy up to $175 Billion.

“A new report published by the National Iranian American Council today finds. Losing Billions – The Cost of Iran Sanctions to the U.S. Economy reveals that between 1995 and 2012, the U.S. sacrificed at least $135 billion and as much as $175 billion in potential export revenue to Iran.

These estimates reflect the loss solely from export industries, and do not include the detrimental economic effects of other externalities of Iran-targeted sanctions, such as higher global oil prices. Consequently, the full cost to the U.S. economy is likely even higher.”

Even so, serious students of the State Department know only too well, that there is little interest in promoting business, when trade interferes or conflicts with imposing a military presence. Now that the cries of outrage sound off, it would be worthwhile to examine some details and changes coming out of these long and exhausted negotiations.

U.S. Treasury Department statement on lifting Iranian sanctions provides links to scores of governments documents that have formed the bases of economic restriction on trade with Iran. Additional information on the FACTBOX-Sanctions on Iran’s oil sector lists some of the costs from the sanction policy.

“Here is a summary of the measures currently in force, which U.S. Treasury Secretary Jack Lew has estimated have cost Iran more than $160 billion in oil revenue alone since 2012:”

Interesting if the U.S. economy lost around $175 billion and the Iranians absorbed a hit of $160 billion, just what was accomplished? No doubt the Iranians suffered more because of the restrictions on imports of much needed products and goods. Obviously that was the intended purpose of slapping sanction on a country that will not accept the global governance of the corporatist model.

When the repeal of the sanctions starts taking effect; Iran will be the bigger winner. Since they have the most to gain it is clear why Iran wanted this deal. By their own estimates, Iran Targets 25-Year Inflation Low by 2017 as Sanctions Removed.

“The impact of lifting sanctions will help us follow on the path of lower inflation and stimulate economic growth,” Peyman Ghorbani, vice governor for economic affairs at the Central Bank of Iran, said in an interview at his Tehran office on Monday before news of the historic agreement emerged. “When these weights are lifted from the economy, then in all likelihood we can reach those goals much more quickly.”

Yet the most significant outcome will be seen that the Nuclear deal paves the way for return of Iran oil.

“A removal of sanctions on Iran’s oil exports would have implications for the oil market both in the short term and in the medium term. In the short term, Iran has significant oil stockpiled in tankers ready to be shipped to Europe and Asia – probably around 30m bbl according to indications. In the medium term, Iran will look to raise production by up to 1mb/d back towards full capacity and thereby permanently increase its oil exports. Iran has low production costs in the range of USD5-30/bl and the economy badly needs the additional export revenue, so Iran is not likely to hesitate in exploiting its full potential. Furthermore, its low-cost oil should have no problem competing for market share with higher cost European oil.”

A greater increase in oil will keep market pressure to maintain lower crude prices. However, the consequences of cheap oil add intense impact that the American domestic fracking industry will not turn around because of its higher cost of production.

Participants in this arrangement welcome the opportunity to pen contracts with Iran. Nonetheless, the prospects that the U.S. will engage in any meaningful business is remote. In order to work around the long established animosity towards American firms, the rush to do business through foreign subsidies will commence at full speed.

It is one thing to isolate and embargo a small country like Cuba, but it was always a foolish decision to inflict economic punishment on Iran to stem, any real or imaginary, effort to go nuke.

With the prospects of Cuban cigars coming to a smoke shop soon, is it not time to drop all the “axis of evil” rhetoric and enter into creative initiatives to build back business relationships that benefit from a pragmatic process of commerce?

American trade policy is on the precipice of imposing a corporatocracy global trade system. Abolishing the sanctions on Iran could attain mutually beneficial opportunities to conduct business that would not normally be achieved in the not to big to fail club of corporatists.

Sanctions are always a desperate attempt to force an unsympathetic regime to capitulate. It is a tactic of economic war and has no place in building a civilized society.

Political disputes that restrict and block constructive commerce keeps the doors lock for peaceful resolutions. Keeping the war machine in full deployment is counterproductive to building bridges of creating wealth among countries.

Ultra extremism from zealots is unbalanced no matter if they wearing a Burka, a Kippah Skullcap or an Armani suit. Promoting advantageous business transactions grow trust and expand good will.

It is time to inject common sense and get back to doing business with Iran and drop the “irrational exuberance” based upon NeoCon absurdity.


SARTRE is the pen name of James Hall, a reformed, former political operative. This pundit’s formal instruction in History, Philosophy and Political Science served as training for activism, on the staff of several politicians and in many campaigns. A believer in authentic Public Service, independent business interests were pursued in the private sector. As a small business owner and entrepreneur, several successful ventures expanded opportunities for customers and employees. Speculation in markets, and international business investments, allowed for extensive travel and a world view for commerce. He is retired and lives with his wife in a rural community. “Populism” best describes the approach to SARTRE’s perspective on Politics. Realities, suggest that American Values can be restored with an appreciation of “Pragmatic Anarchism.” Reforms will require an Existential approach. “Ideas Move the World,” and SARTRE’S intent is to stir the conscience of those who desire to bring back a common sense, moral and traditional value culture for America. Not seeking fame nor fortune, SARTRE’s only goal is to ask the questions that few will dare … Having refused the invites of an academic career because of the hypocrisy of elite’s, the search for TRUTH is the challenge that is made to all readers. It starts within yourself and is achieved only with your sincere desire to face Reality. So who is SARTRE? He is really an ordinary man just like you, who invites you to join in on this journey. Visit his website at http://batr.org.

Looming Greek Capitulation To Troika?

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Protracted real-life Greek tragedy appears likely to worsen, not improve. Its economy is in shambles, teetering on bankruptcy under a crushing debt burden impossible to repay and entrapment under predatory Eurozone rules denying fundamental sovereign rights.

Its people suffer hugely from force-fed austerity – more coming instead of no further amounts as Prime Minister Tsipras pledged. He’s like all the rest – promising one thing, delivering another.

Greece is a money-controlled European colony – with no sovereign rights under Troika-imposed deepening Great Depression conditions.

It’s economy is being systematically destroyed for profit – strip-mined of everything of worth. Its people are impoverished with greater pain and suffering coming. Its pensioners are asked to accept sub-poverty crumbs too inadequate to survive.

Its sick are told pay or die. Its youth generation has no future whatever. Choices for young people are resist, leave, suffer or perhaps perish with no relief in prospect.

Instead of fulfilling his campaign pledge to end austerity, Tsipras appears ready to ignore popular sentiment – OXI, no more Troika force-fed pain and suffering to enrich banksters entrapping Greece in crushing debt peonage along with other predatory investors stealing the nation blind at the expense of public needs gone begging.

In democracy’s birthplace, its population is told you have no say whatever. Its soul belongs to Brussels, Frankfurt and Washington. Predatory capitalism works this way – profiting by looting weak nations and shifting public wealth to private hands.

London Telegraph financial writer Ambrose Evans-Pritchard believes Tsipras called for a referendum he expected to lose – to justify capitulating altogether with Troika demands.

His “plan was to (give the appearance of) put(ting) up a good fight, accept honorable defeat, and hand over the keys of the Maximos Mansion (the prime minister’s residence), leaving it to others to implement (Troika austerity demands) and suffer the opprobrium.”

Things didn’t go as planned. Popular sentiment “came as a shock to the Greek cabinet,” said Evan-Pritchard. SYRIZA officials thought people would think Sunday’s vote was up or down on Grexit, what most oppose.

Earlier, “Tsipras had already made the decision to acquiesce to austerity demands,” only to learn Troika bandits “upped the ante” wanting more than he expected, said Evans-Pritchard.

They offered terms Greece couldn’t accept – “Dickensian” ones designed to destroy economies when imposed.

Tsipras is “trapped by his success.” On the one hand, total capitulation could incite popular revolt. Alternately, he appears likely to accept most austerity demands, more than he indicated earlier.

A third choice is Grexit. Evans-Pritchard believes it “lies straight ahead of him.” Former PIMCO CEO Mohamed El-Erian rates the chance at 85%. “What’s happening on the ground means the situation is slipping out of control of the politicians,” he said.

“I don’t think that’s  being factored in enough.” He’s more concerned about a “shock to risk appetite” than economic or financial contagion.

Meanwhile, Greece is cratering with banks closed, near collapse. Unemployment is growing, poverty and deprivation deepening. Human pain and suffering is the cost of a sclerotic system, doomed to fail from inception.

Greek factories aren’t operating. Small businesses are shutting down. Companies can’t pay suppliers because banks aren’t extending credit and foreign transfers are prohibited.

In a Wednesday letter to Eurogroup president Jeroen Dijsselbloem and European Stability Mechanism managing director Klaus Regling, new Greek Finance Minister Euclid Tsakalotos pledged unspecified “tax reform-related measures” (higher VAT taxes) and “pension-related measures” (reduced retirement benefits on top of earlier instituted 40% cuts).

In return, he asked for a new three-year bailout to “meet Greece’s debt obligations and to ensure the stability of the financial system.”

He said Athens “is committed to honor its (odious debt) financial obligations to all of its creditors in a full and timely manner.”

He stressed Greece’s “commitment to remain a member of the eurozone and to respect the rules and regulations as a member state.”

His letter was short of specifics. “The actual examination can only begin once the full package has been put on the table,” said hardline German Finance Minister Wolfgang Schauble.

SYRIZA has until Sunday to accommodate Troika bandits. Ignore Tsipras saying he seeks a “fair and viable solution” with creditors.

He’s given them virtually everything asked for so far. Will total capitulation be announced on Sunday or sooner – perhaps except for minor concessions too insignificant to matter?


Stephen Lendman lives in Chicago and can be reached at [email protected]. His new book is titled “How Wall Street Fleeces America: Privatized Banking, Government Collusion and Class War”. www.claritypress.com/Lendman.html Visit his blog site at www.sjlendman.blogspot.com.

Tsipras Asks For 50 Billion Euros To Continue Destructive Economic Policies

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(The Real Agenda) The referendum was a smoke screen by Tsipras to legitimize his plan to keep Greece in the euro zone under heavy austerity measures.

Athens has met at noon today the first condition to avoid its exit from the euro, and in doing so, has conceded more than anyone had ever imagined after the NO vote on Sunday.

The Greek government has already submitted an application for a third program of financial aid to the European rescue mechanism, a plan that requests 50 billion euros to supposedly take Greece and Europe out of the most acute phase of the European crisis.

With this proposal, the Greek Government makes three large concessions. The first is that before Tsipras asked for a loan as a paliative measure to hold Greece above water, but now he has called for a complete financial rescue program that will do nothing less than rescue the French and German banks while leaving the Greek people adrift.

Tsipras’ plan implies even more conditions that will be imposed by the Troika and even more evaluations. European sources explain that such evaluations may come as oftem as every 30 days.

The second concession: a rise in VAT and the reform of the pension system as early as next week. Those are some of the proposals included In Tsipras’ latest proposal sent to Europe in the form of a letter on June 30, where he had asked to delay the pension reform until October.

Third aspect in which Athens gives in to Europe is debt restructuring. In his request, Tsipras requests to put it off until the fall.

The Eurogroup of finance ministers, presided by Jeoren Dijsselbloem, will analyze the new proposal today at a meeting by teleconference.

Several conditions are still left to be negotiated before the European summit on Sunday. Greece should on Thursday the priority measures proposed, based on the proposal of last June 30.

German Chancellor Angela Merkel, made it clear yesterday that these details have to lead to a “harder” plan by Greece.

The Eurogroup will analyze it Saturday and the leaders of the euro should give their approval on Sunday. The ECB is committed to keep the Greek banking system afloat until next Monday, when the new banking takeover of Greece should be complete.

The partners are seeking a formula to avoid a default of Greece on loans provided by the ECB, whose payment will come on 20 July and whose total amount reaches 3,3 billion euros.

In exchange for many of its requests, Greece must agree to adopt priority measures suchas cuts or reforms if it wants to avoid a default. In parallel, Europe should ensure some margin for financial institutions who are nearing financial collapse due to the continued outflow of deposits.

Referendum to exit Sovereignty

Sunday’s vote in Greece has been a demonstration of democracy, except for the move by the government of Alexis Tsipras to take the new mandate to submerge Greece deeper into debt.

Sunday’s example of democracy is now being used by Tsipras to do what Europe wanted, not what the Greek people asked him to do.

Yanis Varoufakis’ exit from the government  was the sign that Tsipras would not try to deliver Greece from perpetual debt, but that he would sink it even deeper. Varoufakis was the only inconvenience left for Tsipras to negotiate with the Troika at their leisure.

The referendum was the way in which Syriza’s leader masterfully prepared the field to bring more suffering to the Greek people, to betray the trust placed in him by the Greeks.

The NO vote was a victory against external powers, an example of pride and Independence, but the Greek government has now thrown all of the Greek people’s effort out of the window.

Tsipras’ actions post referendum are clear proof that he sought to swindle his supporters into believing that a NO vote in the referendum would guarantee transparency, and a future free from a debt that was illegally placed on the Greek people by previous administrations. Merkel and Hollande also played along their roles in the plan to keep Greece chained down.

Syriza’s supporters in Spain and Latin América were also cheated. The Greek crisis went from being a defeat for the Troika and the banks to being their strongest victory now that Tispras has sought a new financial bailout of the foreign banks that hold Greece’s ilegal debt.

It had been argued that what was at stakein Greece was much more than whether Greece remained within the euro zone; whether Tsipras trips to Moscow and Chinese investment in the Greek communications system would be na alternative to Europe, but it all now sounds like geopolitical games, because the Greek government do not want to change Europe for Moscow.

The same Greek people who celebrated the NO vote on Sunday should take to the streets and demand Alexis Tsipras’ exit from the goverment as he has used his leverage to commit treason against the people that entrusted Greece’s future in his hands.


Luis R. Miranda is an award-winning journalist and the founder and editor-in-chief at The Real Agenda. His career spans over 18 years and almost every form of news media. His articles include subjects such as environmentalism, Agenda 21, climate change, geopolitics, globalisation, health, vaccines, food safety, corporate control of governments, immigration and banking cartels, among others. Luis has worked as a news reporter, on-air personality for Live and Live-to-tape news programs. He has also worked as a script writer, producer and co-producer on broadcast news. Read more about Luis.

Greece Should Not Seek A Third Bailout Of The Banks

Greece Euro

The most likely outcome from the meetings that Alexis Tsipras will hold with the Troika will be a third financial bailout of German and French banks, which would mean more austerity policies and cuts for the Greek people.

A third financial rescue is the only option that would favor both sides. It would help Greece access liquidity from the European Central Bank, avoid its exit from the eurozone and stop the impending default. The question is, for how long? Not too long, experts say.

For the eurozone it would be positive because it would allow the failed eurozone project to live another day and for its founders to keep up their message that the Euro is a solid enterprise. That is why both the French President and the German Chancellor have called for “solidarity” in the new negotiations that begin today.

While in public the leaders speak of being tough with Greece, in private it is very different.

Mending broken relations seems to be the goal of the eurozone after the Greek default to the IMF, the end of the rescue and the referendum.

That’s what will be on the table on Tuesday in Brussels as the Greek Prime Minister Alexis Tsipras and his new finance minister, Euclid Tsakalotos, will present their new proposal to access ECB emergency liquidity to banks. Anything short of that would mean the immediate exit of Greece from the eurozone. Yet, the meeting will not be easy.

The President of the European Commission, Jean-Claude Juncker, has ruled out an early agreement at the summit on Tuesday, despite the seriousness of the Greek crisis, especially on the side of the financial sector.

“I am against Greece leaving the euro,” said the head of the executive arm of the EU, although he acknowledged that there are some Member States who favor the so-called Grexit.

“In Europe, the simple answers usually are wrong: the exit of Greece is a mistake, and also an agreement today would be too simple. You need to negotiate by stages to achieve an agreement,” he said.

Only a week ago, Juncker said that the Greek referendum was all about Greece staying in the euro zone but on Monday he back tracked on his statement.

“The NO vote in Greece is not a no to Europe, it is not a NO to the euro: it is a no to a proposal that was already outdated. Tsipras has to explain what the result means,” said Juncker.

He ruled out the idea of having an agreement on Tuesday, but said that time was running out: the ECB tried to suffocate even more the Greek financial institutions just before the start of the negotiations. Meanwhile, France pressed the other partners in the euro zone in the last hours before the special summit to achieve the basis of an agreement with Greece.

Once President Francois Hollande and Chancellor Angela Merkel on Monday agreed to open the door to dialogue with Athens to prevent Greece’s exit, Hollande and several of his ministers contacted leaders of other countries to make a call to “responsibility”.

Prime Minister, Manuel Valls, said he was “convinced” that there is “the basis for an agreement”, but Paris is aware that several countries maintain very hard positions against Athens that can only be overcome if Greece has a “coherent proposal “. Valls noted that France will do “everything possible” to avoid a Greek exit.

“France is convinced that we cannot take the risk of a Greek exit from the euro area, both for economic reasons and, above all, political ones.” The exit of a country out of the single currency area would be “a risk to growth and the global economy.”

But to avoid this, Paris pressed the Greek prime minister, Alexis Tsipras, to present a proposal that is “accurate and credible”.

After hearing the “message of dignity” of the Greek people in the referendum, said Valls, Tsipras needs to exercise “responsibility” and put on the table a proposal that includes important reforms, “some proposals to end the crisis.”

At the entrance to the meeting of the Eurogroup finance ministers agreed on the need to avoid a Grexit, but the hardest opponents to negotiate, like Germany’s Wolfgang Schäuble, made it clear that Tsipras and Tsakalotos will not draw large concessions from euro partners after the resounding NO in the referendum: “A cut in the debt is not covered by the rules” said Schäuble.


Luis R. Miranda is an award-winning journalist and the founder and editor-in-chief at The Real Agenda. His career spans over 18 years and almost every form of news media. His articles include subjects such as environmentalism, Agenda 21, climate change, geopolitics, globalisation, health, vaccines, food safety, corporate control of governments, immigration and banking cartels, among others. Luis has worked as a news reporter, on-air personality for Live and Live-to-tape news programs. He has also worked as a script writer, producer and co-producer on broadcast news. Read more about Luis.