G8 And US Congress Fixed NOTHING In Banking

ΩΩThe G20 spewed out tons of CO2 pollution and consumed huge amounts of oil in order to talk about doing absolutely nothing but keep up the present unsustainable and very stupid status quo.  Nothing that was broken was fixed.  The international pirate banking houses will continue their carry trade/derivative swap business which spews economic chaos like the broken oil well in the Gulf of Mexico.  Citizens of Canada were ruthlessly beaten by heavily armed goons and treated like Afghani peasants and the fiction of Canada being a ‘liberal’ country is shown to be false.  The hammer will be used on all citizens of all G8 countries in order to keep this stupid status quo.  Nothing will be reformed.  Nothing will be altered.  

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ΩΩThe Germans, frantic about EU, UK, Japan and US public debts is leading the way towards less government spending.  The Germans also want to end the Afghan War but seem curiously unable to do this due to the German trade surplus with the US.  The US leads the world only because of our budget and trade deficits, the twin devils that are destroying our sovereignty.  So long as we assure everyone that we will let them flood us with exports, they, in turn, let us run up our national debts and will join us in attacking Muslims across the planet.  A bonus for Russia and China is, they get to see us go bankrupt thanks to our wars.

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ΩΩMore about the Russian spies after I digest a ton of material, later today.  The failure to reform nearly anything at all was easily predicted.  I suggested this from day one.  The pressure to keep the present system is obviously simple to see: it is INFINITE.  That is, thanks to the floating fiat currency system hooked into a wild spending US consumer/government/war system, we need lots and lots of money, more and more money, infinite access to credit, ZIRP lending and now limit to the balance being accumulated.  This system is very open-ended and has such superfluidity of funds, it can grossly enrich individual elites—within a year of retiring, both Blair and Clinton got over $100 million each in chump change—and it is nearly invisible since it is mostly credit that has very low interest charges.

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ΩΩKeeping this system going is life and death for the US even though it is killing our economy, destroying our government and leading to national bankruptcy.  This is because it funds all our international imperial projects and enriches an army of corrupt individuals who feast off of Pentagon war spending or make fortunes using cheap foreign labor.  The rewards for keeping this screwy, unstable, destructive system going is enormous.

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Global Leaders Take a Long View on New Bank Rules – NYTimes.com

Giant banks, while bracing for a wave of tougher regulation in Washington, will not have to face a new set of global rules on capital and liquidity anytime soon.

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This is why revolutions and revolts are so necessary: gradual fixes to gross problems are impossible so long as the elites who run a system benefit from these problems.  Fixing things works only if the fixers are financially and morally motivated to change something.  This is why nipping bad things at the bud are so important.

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When the flood of easy lending hammered the planet beginning in the 1980’s with the Japanese credit bubble, the floating fiat currency system should have been stopped.  Instead, it was constantly rejiggered to make more easy credit available and the infamous and dangerous Japanese carry trade began.  It is of great interest that this ‘carry trade’ creation happened to the first hyper-credit bubble nation.

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Just as Japan was the fountain for much of international credit creation via the pirate island barely regulated, barely taxes banking web, so is the horrible Japanese ZIRP depression is the black hole eating up all other major nations outside of the BRIC nations who are still growing despite this deepening hole.

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The world’s biggest economies have been developing rules that would require banks to hold more capital and be better equipped to absorb losses when financial conditions sour. But it became clear on Sunday at the meeting of the Group of 20 countries that it could be years before they take effect….

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During the last three years, dynamic communist China did exactly that: using government fiat, bank capital holding was dramatically increased to beyond 10% whereas in the West, banks were allowed to lend out money they didn’t have with a holding ratio under 1%.  This was supposed to be possible due to the Derivatives Swap Beast which was supposed to have AIG pay for any losses.  AIG is now the US Treasury as is Fannie Mae and Freddie Mac.  That is, the entire US civilization is the capital base for international bankers operating out of pirate coves in the Caribbean.

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….While the participants here said they aimed to adopt the rules by the end of 2012, they cautioned that the standards would be “phased in over a time frame that is consistent with sustained recovery and limits market disruption.”

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ΩΩThis pathetic pussy footing around the enormous financial wreck caused by international bankers operating out of pirate coves using ZIRP capital is ridiculous.  This is why, when things go ‘boom’ we have to sweep away ALL the people, good or bad, who ran the system which collapsed.  The system isn’t being fixed because the bonuses and benefits still flow to the very same reckless people who created the Derivatives Beast and the Beast certainly still exists and worse, continues to grow.

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ΩΩThere wasn’t even much discussion about shutting down the pirate islands!  This infuriates me.  We see our ‘leaders’ yapping endlessly about Iran getting a nuclear bomb while knowing all the while, no nation with nukes ever fights a nation with nukes (that is, there is 0% chance that Iran will attack ANY nuclear power or its allies!) but meanwhile, the hydrogen financial nuclear bomb has just destroyed our banking system and we sit idle.  Since the point on the planet where these destructive banking forces arose are easily spotted via satellite, it is easy as pie for our government to shut these damn things down even if it means declaring war on Queen Elizabeth and Prince Charles.

ΩΩAll of the houses in Bermuda are low, not tall like in Manhattan.  Ditto, the business buildings.  All of these ‘businesses’ are front operations, fairly small.  Their real offices in the US and UK are in gigantic towers.  Many of these offices in Bermuda are barely more than mailing addresses and have one or two ’employees’.  There are no defenses for these islands because the US navy protects them instead of raiding them.  I see no fixes for anything within our banking system so long as these tiny pirate enclaves continue to operate outside of the law.

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ΩΩAny pathetic reforms will fail so long as our banking system’s roots are deep in the Caribbean or other island enclaves.  Stopping this is very political and quite international and requires ‘allies’ such as the US and the UK to be confronting each other.  We have every right to demand England’s ruler and Parliament fix these islands that are protected by the Crown.  That is, Parliament needs to have a revolution and dethrone the Queen and stop this business once and forever.  This means London will cease to be the center of the global banking universe and it will be none too soon: this is killing England itself, not saving England.  It is life and death.  As England cuts money flowing to its own peasants, keeping the Queen in her palaces while letting her minions run off with all the loot to various islands offshore such as Jersey is pure insanity.  Wake up, peasants of England!

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FT Alphaville » ECB fixed-term deposit FAIL

The European Central Bank’s latest attempt to sterilise its government bond purchases has landed with a resounding thud. Results from the ECB’s Tuesday one-week fixed-term deposit (FTD) auction, in which it planned to drain the €55bn of extra liquidity created by its €55bn of bond-buying, are in.

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ΩΩWho exactly is buying these debts?  The answer is obvious: Asian export powers, OPEC and banking pirates operating out of various islands.  These debts are ‘assets’ to banks including central banks.  But with more and more governments running up tremendous debts, we see a reduction in the number of governments able to buy other government’s debts.  Certainly, with currency instability added to the picture, we get enough chaos that even the creditor nations like Saudi Arabia or China getting pulled into the undertow of a collapsing system.

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ΩΩFor ZIRP is not a sign that we have cheap credit, it means we are in a collapsing system.  We saw this very clearly with Japan.  The situation there is dire.  Squeezing Japanese workers to the nth degree has made Japan run all systems in the negative including population. The Japanese depression has gone global.  Any attempt at using a ‘fixed term’ will prove impossible.  That is, when there is no capital, there should be no credit.  Instead, we want a neo-capitalist system based on debt,  not capital profits accumulated by expanding industrial, farming and commodity production.

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ΩΩThe countries that are expanding these three things still have credit creation powers which is why China, for example, is a creditor nation.  Minus the military/industrial complex, the US is a contracting economic power and thus is being squeezed by this.  So is Japan where production is shutting down, too, as corporations move out to cheaper labor venues in China and Southeast Asia.  It is not coincidental that nearly all the places seen as the best destinations for removing production happen to be communist nations.

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ΩΩMeanwhile, the US government, so deep in debt, we can’t pay for extending unemployment insurance to US citizens, continues to pour endless debt-created funds which obligate us to China, into the dust of Afghanistan.  Where it moves outwards to overseas banks and is hidden from view by banking pirates, of course, who use this as ‘capital’.

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Afghan Hawalas Transfer Billions Out of Country – WSJ.com

More than $3 billion in cash has been openly flown out of Kabul International Airport in the past three years, a sum so large that U.S. investigators believe top Afghan officials and their associates are sending billions of diverted U.S. aid and logistics dollars and drug money to financial safe havens abroad.

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HAHAHA.  Her Majesty, the Queen, thanks everyone.

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The cash—packed into suitcases, piled onto pallets and loaded into airplanes—is declared and legal to move. But U.S. and Afghan officials say they are targeting the flows in major anticorruption and drug trafficking investigations because of their size relative to Afghanistan’s small economy and the murkiness of their origins.

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ΩΩThis happened in China in the 1930’s and 1940’s.  The Nationalists wanted gold.  They then squirreled this offshore.  The US military and business aid to the Nationalists was systematically looted by them.  Luckily, the leadership could run off to the island they used offshore and start all over again after Mao drove them out in 1948.   Vietnam was one long looting expedition by a parade of warlords who let US soldiers die in the swamps while they lined their own pockets.  Every war we have been involved in since WWII has been seen by our puppet governments as a  most excellent opportunity to get rich quick.  Ditto, the Pentagon.

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ΩΩFixing this is laughably easy: we stop being an empire and stop these futile and dumb wars.  Shrink the Pentagon by at least 50% and shut down much of our weapon production.  Put up tariffs and trade barriers and force our corporations to do their production here at home.  Doing all of this is nearly impossible for our leaders but it is the only solution.  Other than that, we continue to go bankrupt and then the Chinese get to decide when our Pentagon is ruthlessly reduced in size, our military disbanded and our shattered economy carved up.

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Reuters AlertNet – Angry US House lawmaker cuts aid to Afghanistan

WASHINGTON, June 28 (Reuters) – A key U.S. House of Representatives Democrat said on Monday she is cutting billions of dollars in aid to Afghanistan from spending legislation because she is outraged over reports of corruption and donor aid being flown out the country.

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Representative Nita Lowey, who heads the House appropriations subcommittee on foreign aid, vowed not to spend “one more dime” on aid to Afghanistan until she can be sure it is not being abused.

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ΩΩWhy the surprise?  Every war we have is all about corruption and no one is punished here at home and our puppets are always driven out of power by enraged citizen mobs.  It will happen in Egypt in good time, the longer it takes, the more money we give to the dictators there, the more likely the revolution will be like the one in Iran.  Nearly all our major allies in Muslim countries are corrupt and are hated by their own people.  This is very explosive, obviously, especially in places where there is a lot of oil.  The richest Muslims corrupt our own government with bribes while Congress and the Presidents since Jimmy Carter pocket immense sums in bribes such as Reagan collecting over $2.5 million for a brief, addled speech in Tokyo right after leaving the White House.

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ΩΩSo if angry ‘lawmakers’ wish to investigate something, how about going after all the corruption in DC?  HAHAHA…. it is right in our faces.

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White House’s Lobbyist Liaisons Blasted By Watchdogs (VIDEO)

Watchdog groups are blasting the Obama administration for dodging records rules and cutting corners on its self-imposed disclosure requirements for White House visitors.

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Citizens for Responsibility and Ethics in Washington called for an investigation by a congressional oversight committee of potential violations of the Presidential Records Act and Federal Records Act. And the Sunlight Foundation on Friday set up shop outside a nearby coffeehouse to catch any administration staffers secretly meeting with K Streeters.

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ΩΩCorruption is fixed by pretending to not meet with lobbyists?  HAHAHA.  Quick, call Homeland Security!  The Sunlight Foundation are really terrorists interfering with government business!  And what is this business?  Protecting our borders?  Heaven forfend!  Nope, the sole business in DC is to line pockets and redistribute the loot and to enable looting, to evade laws passed seemingly to fix or prevent things but which are not really desired.

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ΩΩThat is, reforms set up to ‘fix’ things are FAKE.  These are always designed with elaborate legal back doors chainsawed into easy to understand laws so that the criminalist actions which destroy our economy or finances can merrily continue forwards, totally out of control.  To get these back doors installed into laws requires bribes.  So the lobbyists spend fortunes doing these bribes but who cares?  The money is created magically via the pirate islands, the carry trade business and ZIRP government debts.

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ΩΩNow for true insanity:  Panetta: Afghan war has ‘serious problems,’ but progress being made – CNN.com. Mr. Panetta is a ‘liberal’ but is really a warmongering criminal like his boss, Bomber Obama.  It is like Hitler in his bunker: so what if the Soviet armies are roaring towards Berlin?  Time to celebrate Hitler’s birthday and marry Eva!

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Feinstein: If Petraeus Wants Afghanistan Troop Drawdown Scrapped, ‘Give It To Him, Absolutely’

A senior Senate Democrat on foreign policy issues said on Sunday that the president’s pledged July 2011 timeline for a troop drawdown in Afghanistan was malleable to the requests of military command.

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Sen. Dianne Feinstein (D-Cali.), whose hawkish grounding has angered progressive in the past, likely facilitated that anger again, when she told “Fox News Sunday” that if General David Petraeus asked for more troops next summer, he should be granted them.

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ΩΩFeinstein should be impeached and removed.  She has severe conflicts of interest.  She is married to a Daddy Warbucks and her financial interests are all war-related.  She profits from endless wars.  Of course, the generals want more wars!  This is why they are lousy diplomats, for the most part.  Most dictatorships are run by military guys.  When the military merges with the government and takes over, a la Napoleon, all it does is have one war after another.  Napoleon was great at winning battles and totally destroyed France this way.  Hitler and Hirohito won all their battles until they began to lose them and both ended up dead.

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ΩΩEndless wars bankrupt.  Easy imperial conquests followed by looting and colonization can run on endlessly until the ruling nation goes bankrupt due to again, endless wars on infinite borders.  The more you have to hold down with the military, the more this drains the core of the empire.  The Brits ran theirs rather efficiently by producing stuff in England and then forcing all colonies to buy these goods and not develop production, themselves.  So glassmaking in America was forbidden, for example.  This is why we had a revolution!

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ΩΩAnd we obviously need another one.  Here is the end result of the long attempt at ‘reforming’ our financial system: a TOTAL FAILURE. Volcker Rule May Give Goldman, Citigroup Until 2022 to Comply – Bloomberg.com

Goldman Sachs Group Inc. and Citigroup Inc. are among U.S. banks that may have as long as a dozen years to cut stakes in in-house hedge funds and private- equity units under a regulatory revamp agreed to last week.

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Rules curbing banks’ investments in their own funds would take effect 15 months to two years after a law is passed, according to the bill. Banks would have two years to comply, with the potential for three one-year extensions after that. They could seek another five years for “illiquid” funds such as private equity or real estate, said Lawrence Kaplan, an attorney at Paul, Hastings, Janofsky & Walker LLP in Washington.

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ΩΩHAHAHA….it will never change!  This gives the banking gnomes over a decade to bribe Congress so they will drop these rules or rather, riddle the law with so many holes, it could pass for Swiss cheese.  Even with this fake deadline, they already inserted extensions which we know, will be added to infinity so there is no deadline outside of the natural one: a looted US economy totally collapses.  Note the date, too: it coincides with the Chinese 50 Year Plan to bankrupt the US.

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ΩΩThe three year extensions are really infinity, after all.  So there has been NO REFORMS.  And the Derivatives Beast was protected: it is the main source of wealth for the very rich.

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Jobless Producing U.S. Profit on Higher Productivity (Update1) – Bloomberg.com

The 6.8 million Americans out of work for 27 weeks or longer — a record 46 percent of all the unemployed — are providing U.S. companies with an eager, skilled and cheap labor pool. This is allowing businesses to retool their workforces, boosting efficiency and profits following the deepest recession since the 1930s, and contributing to a 61 percent rise in the Standard & Poor’s 500 Index since March 2009….Falling wage pressures will help keep inflation low, contributing to lower Treasury-bond yields, according to Mark Vitner, a senior economist at Wells Fargo Securities LLC in Charlotte, North Carolina. He forecasts 10-year Treasuries will yield about 3.1 percent in the third quarter, compared with 4 percent in April.

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ΩΩIf workers get unemployment extensions, this means they can wait out this depression.  But if they are forced into the streets, they will be desperate for jobs and this means cheaper labor at home!  Happiness for all good looters, bribers and bankers!  Bad news for the ENTIRE workforce. Just as dropping our tariffs and protections meant falling wages as jobs move out of the US, so it is with this: competition with illegal aliens is under fire so the businesses have to have desperate citizens forced to look for any work they can get.

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ΩΩThis is identical to what Japan has done: compress working wages at home.  Crushing labor means there can be great profit growth and a rise in commodity prices but no inflation!  That is, instead of workers suffering from ‘inflation’ in products, they get cheap products but have less and less spending money.  And worse, the price of ENERGY continues to eat up incomes as well as taxes continuing to climb.  Worse even: future debts to be paid back by workers continue to balloon.  Even as domestic government spending drops, international spending continues to climb.  So, we get ZIRP government borrowing or rather, 3% interest costs…hahaha…this ain’t free money….and in return, we get to see our wages fall and our overhead costs for fuel, food and healthcare climb.

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ΩΩPoverty a growing issue even in wealthy Germany | Germany | Deutsche Welle : Germany is restive. Unlike the US, Germany is small in size but has a huge productive economy.  The German experiment in the EU business is not benefitting the working class in Germany and so disorder will grow.  I believe the EU will eventually collapse after significant sections of it go into sovereign bankruptcy.  Starting with Ireland and moving along through Greece and now, Spain, Portugal, then to Italy and onwards, this wave of bankruptcies will continue.  The cure—cutting social services—will simply move the revolutions forwards, not halt public disorder.

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China Has Basically Purchased Its Own Latin American Country

China now finances a majority of the public energy projects underway in Ecuador. Recent deals include an 85% stake in a hydroelectric dam that will cover a third of the country’s energy needs by 2016. Chinese firms will also take charge of most construction.

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ΩΩChina is very, very intent on securing its own economic base.  The government itself is making these purchases and it party to all international moves to secure commodity resources.  The Chinese trade surplus with Europe and America is used for this process. Meanwhile, Here Are 20 Signs That China Is Cornering The Global Oil Market: if you click on this site, you can see a long list of purchases which scares the US but we have no national energy system like China has.  We get to play footsie with British Petroleum which the Chinese will also buy, cheap.

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ΩΩPeak oil postponed again – Telegraph Blogs: as consumption in the third world, US and EU drops, the price of oil stabilizes or even falls.  This doesn’t mean we are not at the Hubbert Oil Peak.  Instead, this is a natural response to the effects of this peak: oil prices are unstable with a trend upwards.  So oil that was $21 a barrel just 12 years ago is now flirting off and on with $100 a barrel prices.  Every time it shoots upwards, consumption falls rapidly and the price declines.  But there is no flood of new production except from one place: Iran.

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ΩΩAnd the US and England have zero chance of tapping into this commodity’s profits in Iran in the future!  Most of the best deals in Iraq are going to China.  In Iran, it will be even more Chinese.  The embargo of Iran has nothing to do with nukes and everything to do with holding off Iran as an oil exporter so we can use this oil later.  Only China will use it, not us.  This is due to our declining power.

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ΩΩWe could nuke Iran and steal the oil outright but this might trigger WWIII.  So the Pentagon itches to do this, the Zionists would love to do this but there is still a scant amount of fear of WWIII to cause our leaders to hesitate.  They have been warned in person by the Chinese.  Over and over again.  This is the reason why Israel and the US are reduced to barking at Iran, sending ships there to menace Iran and squeezing Iran.  China doesn’t mind all of this, all it does is drive Iran further into Chinese arms.

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ΩΩThe Iranians are not dumb.  The Persian empire is one of the world’s older imperial structures.  These Persians are not Afghani peasants.  They are well-educated and civilized and have been for thousands of years!  And they can read the tea leaves: they know the US is going bankrupt.  They know their own future, if they can play the game with China properly, will lead to greater, not less power and so they play the waiting game even when very angry.

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ΩΩTime is on their side.  Time is not on our side.  It is a clock ticking away the minutes and the US has no time to waste, fixing our finances.  Both Iran and China can see from the goofy and stupid ‘banking reform laws’ that the US will not fix a single thing that is destroying our finances.  So they will continue the 50 Year Plan and Iran will continue to have faith in the Chinese plan succeeding.  And the Israeli Jews also know this and are very, very motivated to crush Iran using nuclear bombs before the US goes bankrupt.

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