ΩΩAs if it never happened, the US media has sailed through the Wikileaks storm intact in tandem with the Pentagon. The economic storm continues and occasionally bulletins from that grinding mess appear on front pages but the real information continues to be ignored, too. But both storms are very much active hurricanes and are destroying our infrastructure and killing people. And we seem awfully helpless about all of this. Our Peace Prize President is the least capable of stopping either storm nor will the winners of this election who are very much pro-storm, that is, let the winds howl, we won’t change course.
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ΩΩThe status quo here that is struggling to keep in place is typical: seldom do people want change that is really real. The happy game of running immense trade and government deficits while merrily printing money and shipping it overseas is great fun and we really want it to continue but somehow, the bad side of all of this is supposed to vanish via various tricks, the #1 trick being debasing the currency while running a ZIRP lending system.
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ΩΩJapan did this but they did this while running a trade surplus and having no wars. The US is aping this while in the opposite condition. ZIRP is killing Japan just as it will kill us and our attempts at getting out of ZIRP is to…print more money. Except 50% or more of this money printing will flow overseas so it won’t fix the ‘we lack money’ problem at home. It just increases the money overhang overseas and this is extremely dangerous to our sovereignty as well as our economic future.
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ΩΩIran is a major oil exporter and has lots of dollars, yen and euros to use for various fun things: Karzai Confirms Sacks of Money From Iran. While the US misspent all of our diplomatic capital on trying to isolate Iran, Iran happily went about Iraq and Afghanistan, bribing people. This is tons cheaper than using foreign military force to get one’s way. Iran is far from on the ropes in its neighborhood. The Shiites are actually rising in power and the Sunni attempts at getting the US to be our bully boy is flagging due to the US unable to tell Shia apart from Sunni, killing indiscriminantly.
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ΩΩOur puppet ruler is giving us many headaches. He won’t let us run around killing ‘rag heads’. Karzai Rails Against America in Diatribe – NYTimes.com
- “The money starts in the name of the private security companies in the hallways of the U.S. government ,” Mr. Karzai said. “The profits are made and arranged there (in Congress).” The money then goes to private security firms, he said, adding, “then they send the money to kill people here.”
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ΩΩHe is totally correct here. The mercenaries answer to no one. Up until the Reaganite ‘privatization’ moves to turn our military into a hyper-expensive Daddy Warbucks looting machine which mainly loots future taxpayers, all imperial war machines were run by governments for themselves. Now, our empire has decided to run wars strictly for profit-seeking power brokers safe at home. As the money pours into their pockets, they want more of this to go on since it is profitable.
- The accusations followed a stormy meeting he had on Sunday night with the NATO commander, Gen. David H. Petraeus, as well as other senior Afghan and western officials in which Mr. Karzai stormed out, saying that he did not need the West’s help, according to people knowledgeable about the confrontation….In many respects his sharp words reflect a widespread feeling among Afghans, especially in insecure areas, that foreign security firms are running roughshod over ordinary Afghans and intruding in culturally unacceptable ways on their daily lives….
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ΩΩWhoa! HAHAHA…so…Karzai represents the feelings of his people! We went there to bring ‘democracy’ and this is the essence of democracy: the leader responds to the desires and demands of the citizens! The more mercenaries the more suffering and displeasure in citizen communities under siege from foreign entities. This is why we are losing the ‘war’ there. Eventually, like the Vietnamese, they will kick us out.
- …“When this money comes Afghanistan, it causes insecurity in Afghan homes and causes the killing of Afghan children and causes explosions and terrorism in Afghanistan,” said Mr. Karzai in the news conference….“In fact we don’t know how many of the explosions are the fault of the Taliban and how much by them,” said Mr. Karzai, referring to the security companies.
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ΩΩTrust is gone. The US usually sponsors a military coup to get rid of pesky civilian leaders who represent their people when we want them to follow our imperial orders. We did this in Vietnam. We do this all the time in Central and South America. But we dare not do this in Afghanistan because…China and Iran as well as a very interested Russia are way too close by and can intervene in the UN to protect Karzai! We need the UN cover for our crimes: 15,000 unlisted civilian deaths
- Leaked Pentagon files contain records of more than 100,000 fatalities including 66,000 civilians
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ΩΩMore stuff is leaking out inside the older empire we wanted to ape: Humiliate, strip, threaten: UK military interrogation manuals discovered : The Guardian. Yes, this was official and the story that rogue elements did this despite the generals and PM is totally fake. Tony Blair is now running around the world working for Israel. He is supposed to be working for ‘peace’ in the Middle East but is, of course, simply being a poodle for Netanyahu. Great pay, good service and no one will put him on trial for war crimes. Meanwhile, the war crimes trials continue: Saddam Aide Sentenced To Hang.
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ΩΩOf course, we hang war criminals. The US will have to import a lot of rope to deal with out own criminals. WikiLeaks Shows Obama Policies Mirror Bush’s is a good editorial in the alternative press about how Obama is like Kissinger and Nixon: a rank war criminal. The Democrats wonder why we are so upset with them. Well, duh! Obama has changed nearly nothing! So we are truly depressed. Not one American soldier or job has been brought back home. The money hemorrhaging overseas flows unimpeded.
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ΩΩNo one reads me but lots of people read Zerohedge. So Zero is doing the usual by predicting the wrong thing: Will the Federal Reserve’s Ben Bernanke Cause a Civil War? – The Curious Capitalist – TIME.com. That is, the Fed Reserve is NOT creating a ‘civil war’. What is creating this thing is the trade deficit and the Fed has precious little to do with that monster.
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ΩΩThe ‘civil war’ could come but it rises not from the value of the dollar which is merely a symptom. It will be religious and ethnic warfare. The reason why the Democrats are dying rapidly in power is directly due to the Democrats attacking Arizona on the illegal immigrant issue and applauding the President of Mexico when he insulted us directly by telling Congress to hammer Arizona. The vague feelings that the Democrats hate the citizens of this country were confirmed and I assure everyone, many people hate my blog now because I pointed this obvious thing out.
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ΩΩMany readers stormed away when I informed them that they should support fellow citizens, not side with invading aliens. This simple concept created tremendous fury. ‘I am a citizen of the world and I hate patriotism’ was the line of thought on the left that left it nearly totally isolated. Fascism in Israel and anti-citizen beliefs in the US are killing the liberals at home and abroad.
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ΩΩHere is a goofy editorial that assumes our empire will merrily move forwards if only we stop overspending at home: The Dollar and the Deficits | Foreign Affairs
- Even as efforts to recover from the current crisis go forward, the United States should launch new policies to avoid large external deficits, balance the budget, and adapt to a global currency system less centered on the dollar. Although it will take a number of years to fully implement these measures, they should be initiated promptly both to bolster confidence in the recovery and to build the foundation for a sustainable U.S. economy over the long haul. This is not just an economic imperative but a foreign policy and national security one as well.
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- …Cantor wants to see Israel’s subsidy seperated entirely from the State Department, and turned over to the US military directly….Which really irks Foreign Operations Subcommittee chairwoman Nita Lowey (D – NY), who insisted that to really, really support Israel officials need to keep the funding in the State Department, and keep the rest of the foreign aid bill sacrosanct as well….The Foreign Aid bill is expected to be somewhere in the realm of $52.8-$54.2 billion next year.
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ΩΩWe can’t spend $52 billion on our own citizens but we will spend it overseas. Much of this money isn’t aid for suffering humans but rather, bribes and military systems set up to oppress natives in various places like Afghanistan, Iraq and…PALESTINE. The thorn in our side, Palestinian peace talks have totally failed as the Jews absolutely refuse to do even the tiniest thing to resolve this business. They want to keep on stealing from the Palestinians and beating them up, etc.
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ΩΩThe Zionists are in full bellow this fall. Op-Ed Contributor – Don’t Try Terrorists, Lock Them Up – NYTimes.com is a classic example. This Jew wants to arrest American citizens and deny them key Constitutional rights and of course, we already violate the Constitution in Gitmo, Cuba. Halt to Palestinian peace talks could become permanent is an article admitting that the entire ‘peace process’ is a total farce. This has consequences!
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ΩΩCatholic Bishops Demand Israel End Occupation Of Palestinian Land: Palestinian and the descendants of Frankish crusaders are demanding the Catholic Church protect them from the Jews who are being spat upon, harried, abused and not protected by the police in Jerusalem and other cities run by the Jews. U.S. Bishop Says Jews Have No ‘Exclusive Right’ To Israel: is another explosive response to all of this.
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ΩΩThe Jews in our government were happy with the flood of illegal aliens since they could also float in and out of the country the same way. Lots and lots of Israelis flew under the radar this way. In Israel, natives are treated as if they are illegal aliens whereas the Jews steal identities of foreigners in order to roam the world, assassinating people and stealing stuff. This is ridiculous and should stop but Congress encourages this.
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ΩΩThe Jews inside of AIPAC think that the Catholics and born again Protestants will be tricked forever but the inability to control their own arrogance in their ethnic enclave in the Holy Land is going to backfire. This plan of manipulating others while looting America will end with a bang. All the Pope (a former Hitler Youth) has to do is…side with the Palestinians. It is beginning and will grow. The civil war will be religious and ethnic and will also be rather bloody, I fear. And as a member of the Jewish tribe, I am horrified and outraged that the Jewish community won’t listen to my warnings and stop all of this stupid stuff. Israel will be the grave of my people.
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ΩΩMeanwhile, China continues to take over all systems using classical capitalist methods: Huawei Technologies of China’s Bold Push Into U.S. – NYTimes.com
- Huawei is one of many Chinese companies that are pushing into more sophisticated and lucrative businesses. But security concerns make telecommunications a particularly delicate industry in this country, and even the hint of a Huawei deal with Sprint has generated worries in Washington. Some in Congress and the national security establishment fear that Huawei’s close ties to the Chinese military might allow China to tamper with American communications gear.
- Last week, Senator Joseph I. Lieberman, independent of Connecticut, and three other members of Congress wrote a letter to Julius Genachowski, chairman of the Federal Communications Commission, raising the specter that an equipment sale might permit the Chinese government to manipulate parts of the communications network, making it possible to disrupt or intercept phone calls and Internet messages.
- Anticipating these hurdles, Huawei has hired a remarkable array of Washington lobbyists, lawyers, consultants and public relations firms to help it win business in the United States. It has also helped create Amerilink Telecom, an American distributor of Huawei products whose high-powered board includes former Representative Richard A. Gephardt, the former World Bank president James D. Wolfensohn and the one-time chief executive of Nortel Networks, William A. Owens.
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ΩΩHAHAHA…Lieberman has moved, wholesale, much of our electronic security systems into Israeli hands and he complains about China? HAHAHA…this is the weakness of the Zionists: they set up systems whereby the US loses money, power, sovereignty and security. This operation opens the door for anyone to do the same and everyone is doing this and this is destroying America. But the Jews will not shut the door. They have to keep it wide open for themselves. So nothing is fixed. All people do is whine about the mess.
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ΩΩNote how the Chinese are busy buying the loyalty of top US elected entities. I remember Gephardt! He railed on and on about the trade deficit….and here he is, enlarging it while living high off the hog. Wolfensohn is a Jewish financier who also is not our best friend. Funny, how the Chinese gave the name ‘Amerilink’ as cover for their slaves to operate in the open.
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ΩΩBut then, our entire empire is riddled with traitors seeking private wealth while killing the US golden goose. They can’t help it. They hate America, hate fellow citizens and don’t give a hoot if we all die. They hope their new masters will love them enough to keep them in a fancy kennel and throw them some bones.
We just had a situation in Seattle where illegal aliens were campaigning for Democratic candidates. The stupid Democrats equate being opposed to illegal immigration to racism which is about as childish as you can get.
On the other hand we even have a worse group of aliens—-the insurance co’s—-shovelling cash into the Republican party like its the African Queen trying to outrun the Germans in the Humphrey Bogart movie.
The French workers are losing, as I thought they would. Their president likes to think of himself as a Reagonite union-busting macho man, and for that he receives plenty of money while workers go for weeks without pay. This is exactly what destroyed all American strikers during the late 1800’s and early 1900’s.
European bankers (and their royal clients) have decided that the middle class will pay for all their bad interest rate bets and toxic mortgage trash, just as the middle class here in America will pay for the same mess. This decision is final — not subject to any kind of negotiation.
At least the French put up a fight, and they definitely know who the culprits are.
http://www.loonwatch.com/2010/01/terrorism-in-europe/
and prove decisively that not all terrorists are Muslims. In fact, a whopping 99.6% of terrorist attacks in Europe were by non-Muslim groups; a good 84.8% of attacks were from separatist groups completely unrelated to Islam. Leftist groups accounted for over sixteen times as much terrorism as radical Islamic groups. Only a measly 0.4% of terrorist attacks from 2007 to 2009 could be attributed to extremist Muslims.
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The MSM media are extremist fools perverting human horrors into forgone religious truths
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afghanistan is just another toad kissing a princess… there are whole systems at work there wanting to yield more then nothing working against afghanistans history of mud brick walls
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and as for civil war, cops arent used to being outgunned… just take a few seconds for them to be turn coats
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no you can hula
Wait until next week, when bernake will crash with the dollar, and you will see the civil war breaking loose.
“It’s hard to believe that hiring Mötley Crüe to headline a three-day concert in Mobile was the best use of $600,000 of the $65 million BP (BP) paid the state of Alabama for the gulf oil spill.”
http://money.cnn.com/2010/10/25/news/companies/motley_crue_bp.fortune/index.htm
I love you guys.
You are the best 😀 .
I´ve been to Mobile, Alabama once.
I visited the battleship (I forgot the name).
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ELAINE: That is fiddling while Rome is covered with oil.
“No one reads me”. Really? What are the numbers? I can’t believe they are that low?
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ELAINE: I would be wildly popular if I pretended that Bush bombed the WTC, aliens from outer space love to fly over us flashing lights as much as possible (!!!!), vaccinations are killing us (even more !!!!!) and other looney things.
By the way, I got my annual flu vaccination and vaccinated my pets for diseases and we are all very much alive and very, very much well. Haven’t had the flu in years thanks to vaccinations. Don’t even know what a sneeze is anymore unless I get dust in my nose.
I listened to Richard Holbrooke being interviewed the other night on I believe Charlie Rose. Does anyone know who this clown Holbrooke is? To me Holbrooke epitomizes what’s wrong with the US elites who think they are qualified and entitled to run the world. Here it is 2010, SEVEN years after “Dubaya” proclaimed “Mission Accomplished” and yet there’s Holbrooke on Charlie Rose proclaiming Hamid Karzai is still worth supporting. Mr. Holbrooke also expressed optimism that, while there ARE problems with Karzai, the US IS making progress. It’s absolutely stunning to me how out of touch with reality our ruling elites are. Just looking at Holbrooke makes my skin crawl. No matter how many times people like Holbrooke are wrong, they never admit failure. Amazing. I’m waiting for that master of sleaze James Baker III to appear. Baker is Osama bin Laden’s lawyer, but the US media takes Baker seriously.
Elaine I have to agree with you that it is goofy to asume the US will merrily move forwards if we reduce domestic spending.
But, there is something that caught my eye in the news clip, that being the reference to a global currency system. You know, that to me, does not seem far fetched at all.
Today is a day that will live in financial infamy as I wrote in my article Bond Vigilantes Call Interest Rates Higher And Currency Traders Call Currencies Lower On Concerns That QE 2 Is Monetization Of US Debt: A global bear stock and bond market commenced October 27, 2010, out of concern that the Federal Reserve’s QE II amounts to simply printing of dollars to sustain the value of short term US Government debt, as well as to support mortgage-backed securities.
Interest rates on the US Government Debt, that is the 2 Year US Note, $UST2Y, the 10 Year US Note, $TNX, and the 30 Year US Treasury Bond, $TYX, rose sharply, not on concerns that the upcoming US Federal Reserve’s QE II is too little; but that it monetizes the nation’s debt.
So investors sold bonds across the board: Total Bonds, BND, US Government Debt, SHY, IEF, TLT, ZROZ and MBB, the Inflation Protected Bonds, TIP, STPZ, LTPZ, the Corporate Bonds, LQD, BLV, PICB, the Emerging Market Bonds, EMB, and World Government Bonds, BWX.
The fact that Junk Bonds, JNK, have now fallen lower means that the Great Global Financial Bubble has burst.
The world currencies traded lower continuing yesterday’s world-wide currency sell-off, as the currency traders are exercising their sovereignty over the world’s currencies and implementing competitive currency deflation, by selling the yen based carry trades, causing an unwinding of investment globally.
The US Dollar, $USD, rose to 78.10, as the Yahoo Currency Center shows the currencies in this Finviz Screener traded sharply lower: SZR, XRU, FXA, BZF, FXS, BNZ, FXE, FXF, FXB, FXC, CEW, FXY, FXM, and ICN.
The USD/JPY traded up to 81.50; causing its inverse ETF, JYN, to fall lower. Of course this certainly is not good for investing long the S&P, SPY
The fall of the small cap pure value shares, RZV, relative to the small cap pure growth shares, RZG, RZV:RZG, communicates that a bear market started today as the major currencies, DBV, turned strongly lower, as the Interest Rate on the 30 Year US Government bond, $TYX, rose above 4%, and as the emerging market currencies, CEW, have fallen lower since October 14, 2010, when the Interest Rate on the 30 Year US Government Bond, $TYX, first rose strongly higher.
The EUR/JPY traded lower to 112.42; which can be seen in the chart of FXE:FXY trading lower at 1.133.
The Euro, FXE, fell from 138.04, to 137.17, causing European Financials, EUFN, and European Shares, VGK, Spain, EWP, to fall lower.
Small cap shares sold off significantly; these included the Australian Small Caps, KROO, on the lower Australian Dollar, FXA.
World Stocks, ACWI, and VT, the S&P, SPY, the New York Composite, NYC, energy producer Exxon Mobil, XOM, and basic material supplier BHP Billiton, BHP, and the Russell IWM, all fell lower.
The world has gone beyond an important tipping point: the world’s population has passed from the age of prosperity to the age of austerity and debt servitude, with the currency traders acting as currency vigilantes selling the worlds major currencies, DBV, and emerging market currencies, CEW, causing yen based carry trade trades to unwind globally, that is, causing disinvestment from world stocks, ACWI, and the emerging markets, EEM, and the frontier markets, FRN.
Debt deflation is the contraction and crisis that follows credit expansion. One of the most famous quotations of Austrian economist Ludwig von Mises is from page 572 of Human Action: “There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion or later as a final and total catastrophe of the currency involved.”
Global Debt Deflation commenced on April 26, 2010, when the value shares failed to outperform the growth shares.
It was on April 26, 2010, the currency traders went long the yen and short the global currencies FXA, FXE, FXM, FXC, ICN, FXB, FXS, SZR, FXF, BZF, XRU, FXY causing the US Dollar to rise; as can be seen in this chart from April 26, 2010 to June 7, 2010.
On June 7, 2010, the US Dollar, $USD, turned down as the Euro, FXE, rallied on news of the call for the EFSF Monetary Authority to be established. This seigniorage authority may be called upon soon for seigniorage aid to Portugal.
Global debt deflation commenced again today, as the currency traders sold the major world currencies, DBV, and the emerging market currencies, CEW, and called interest rates higher globally in anticipation that the US Federal Reserve’s QE 2, one week out, will be monetization of debt.
I envision the day when regional governments will form out of Leaders’ Framework Agreements such as the Security And Prosperity Partnership, the SPP, and a Financial Regulator will arise to oversee banking, lending, credit, investment, and housing.
Soon the word, will and way of The Financial Regulator will be the law of the land superseding sovereign nations, and their constitutions and laws. One will no longer be a citizen of a nation state, rather one will be a residence living in a region of global governance.
The world’s sovereign Debt, BWX, as well as all the mortgage-backed securities, MBB, that the currency traders cannot run down through currency deflation, must be and will be applied to every man, woman and child, on planet earth.
I believe a Global Seignior, that is a top dog banker, will institute unified regulation of banking globally, as referred to in the James Politi and Gillian Tett Financial Times article NY Fed Chief In Push For Global Bank Framework, and that The Seignior will oversee all matters of debt and credit, and will implement a global currency system.”
Bible prophecy reveals that the Beast System of Revelation 13:1-4, will arise to rule mankind.
In addition to foretelling of a beast system, prophecy heralds the Sovereign, rising to rule mankind, Revelation 13:5-10.
The world leader will be complemented by the Seignior, Revelation 13:11-18, meaning top dog banker who takes a cut.
He is a also a Spiritual Leader with a unifying Global Vision. Eventually he will direct the 666 credit system, Revelation 13:17-18, where one will be given the charagma, or mark, necessary to conduct commercial activity.
Those interested can read more: Beast System, Sovereign, and Seignior to rule mankind which I provide in the enclosed link.
Won’t work out at all. Too many people have too many nuclear bombs. That is, the collapse of this system will lead to WWIII. Dying empires always try one last time to use military force to correct financial messes. It doesn’t work. But they all try the same solution.
Britain isn’t a military power anymore and they didn’t loot the US like Israel has to keep a strong military. So they are giving up even pretending to be a nuclear power.
Not with France! France is desperate to hang onto this. Germany and Japan renounced this after WWII which means they will have to ally themselves with China and Russia to survive but may not do this which means both will be vaporized in WWIII.
China, Russia and the US will survive this while destroying each other’s major cities but the nations will still exist unlike Germany and Japan which will be gone forever.
Maybe, recolonized a few centuries later.