Thursday, March 10, 2011
Fed Monetisation is a Political Power Tool
At this juncture this is where we separate from the economic and financial pack that really do not understand history and what is really going on. The powers behind the scenes long ago decided that it was time to bring about conditions that would lead to the implementation of world government. Just go back into the history of the last 1,000 years. These people have tried this over and over again, so to us this is no surprise. 99% of writers, economists and analysts do not understand as yet and most will never understand. Even if they do they are afraid to write about it, thus, the world suffers as result. The Pollyannaish attitude of professionals who should know better shows you how removed from reality they really are. The facts stare them in the face and they do not have the guts to properly interpret them.
As oil and gasoline prices head for the moon the White House tells us that the president is considering tapping into the strategic oil reserve to ease soaring oil prices. All that will do is delay the inevitable, like the use of price controls. The second reason and a powerful one is to generate cash flow to relieve pressure on the Fed, which has been buying 80% of Treasury and Agency securities. What would be done would be a drop in the bucket and when replacement time comes government probably will have to pay much higher prices for oil to refill the reserves.
There is no question that higher petroleum and food prices will kill any chance of economic recovery. Perhaps this situation has been created to cast blame on the Middle East - N. African situation to cover for a recovery, which had not become reality. This past Friday oil closed up $3.07 at $104.97, the highest level in 18 months, as fighting increased in Libya. There is considerable spare capacity and pumped reserves worldwide, but by the time nations, if they will, get into action prices could be considerably higher. The impact of these higher oil and food prices will change the mode of living in the first world and starve millions in the third world helping the elitists rid their world of useless eaters. If China stops adding to their reserves and the Saudis’ increase production, both would help the situation, but will China stop? As we write citizens in Saudi Arabia are demonstrating in the streets. Where will that lead? If Saudi falls to the people you can expect $300 oil, and that would even be more disastrous. In such a scenario the world would be engulfed in massive inflation and gold, silver and commodities would head straight higher. Even if Saudi stays the same and China cuts back the best that can happen is a reduction in prices of 10% to 15% and that is simply not enough. The bottom line is these actions are an exercise in futility. No easy way out. Incidentally, this did not have to happen; it was planned by the elitists that way.
As oil and gasoline prices head for the moon the White House tells us that the president is considering tapping into the strategic oil reserve to ease soaring oil prices. All that will do is delay the inevitable, like the use of price controls. The second reason and a powerful one is to generate cash flow to relieve pressure on the Fed, which has been buying 80% of Treasury and Agency securities. What would be done would be a drop in the bucket and when replacement time comes government probably will have to pay much higher prices for oil to refill the reserves.
There is no question that higher petroleum and food prices will kill any chance of economic recovery. Perhaps this situation has been created to cast blame on the Middle East - N. African situation to cover for a recovery, which had not become reality. This past Friday oil closed up $3.07 at $104.97, the highest level in 18 months, as fighting increased in Libya. There is considerable spare capacity and pumped reserves worldwide, but by the time nations, if they will, get into action prices could be considerably higher. The impact of these higher oil and food prices will change the mode of living in the first world and starve millions in the third world helping the elitists rid their world of useless eaters. If China stops adding to their reserves and the Saudis’ increase production, both would help the situation, but will China stop? As we write citizens in Saudi Arabia are demonstrating in the streets. Where will that lead? If Saudi falls to the people you can expect $300 oil, and that would even be more disastrous. In such a scenario the world would be engulfed in massive inflation and gold, silver and commodities would head straight higher. Even if Saudi stays the same and China cuts back the best that can happen is a reduction in prices of 10% to 15% and that is simply not enough. The bottom line is these actions are an exercise in futility. No easy way out. Incidentally, this did not have to happen; it was planned by the elitists that way.
CHRISTIANS SHOULD LEAVE SHALLOW, ISRAEL-FIRST CHURCHES
Are you weary of attending an Israel-first church where, despite the latest atrocities and injustices of Israel, “God’s chosen people” are only held up for praise?
Are you satisfied with supporting a church where the great moral issues of our time – abortion, homosexuality, evolution, etc. (not to mention liberal Jewish antagonism to Christ) – are banned from discussion because they are “divisive?” Does it sit well with you that such intellectual strangulation gives evil a green light to infect your community and probably your children?
By blindly supporting Israel (Babylon the Great) (See, “Babylon the Great” is Israel), churches across America are actually helping fulfill Bible prophecy—and not in a good way! They are helping establish a one-world government that will be ruled in Jerusalem by Anti-Christ.
If you are a believer who feels spiritually and intellectually malnourished, unthinking attendance of your local Israel-first church is not the answer. Home churches are growing more popular, but many concerned lay people don’t feel the calling and inspiration or have the time to personally lead a group.
Are you satisfied with supporting a church where the great moral issues of our time – abortion, homosexuality, evolution, etc. (not to mention liberal Jewish antagonism to Christ) – are banned from discussion because they are “divisive?” Does it sit well with you that such intellectual strangulation gives evil a green light to infect your community and probably your children?
By blindly supporting Israel (Babylon the Great) (See, “Babylon the Great” is Israel), churches across America are actually helping fulfill Bible prophecy—and not in a good way! They are helping establish a one-world government that will be ruled in Jerusalem by Anti-Christ.
If you are a believer who feels spiritually and intellectually malnourished, unthinking attendance of your local Israel-first church is not the answer. Home churches are growing more popular, but many concerned lay people don’t feel the calling and inspiration or have the time to personally lead a group.
Wednesday, March 9, 2011
Obama's Green-Jobs Fantasies
Anyone who understands basic economics already knows that President Obama's $2.3 billion green-jobs initiative was snake oil. Now, thanks to Kenneth P. Green, we have statistics as well as theory to prove it.
In a new article, "The Myth of Green Energy Jobs: The European Experience," the environmental scientist and a resident scholar at the American Enterprise Institute writes, "Green programs in Spain destroyed 2.2 jobs for every green job created, while the capital needed for one green job in Italy could create almost five jobs in the general economy."
Ironically, Obama boasts his initiative "will help close the clean-energy gap between America and other nations." But Green says, "(C)ountries are cutting these programs because they realize they aren't sustainable and they are obscenely expensive."
So we shouldn't be surprised that green-jobs programs make energy more expensive. "(F)orcing green energy on the market (is) much, much more expensive," Green said. "Using Spain as a model, when you do the math, you realize that creating 3 million new green jobs could cost $2.25 trillion."
Of course, many people who push "green jobs" want the price of energy to rise so we'll use less. If the environmental lobby wants Americans to be poorer, it ought to come clean about that.
In a new article, "The Myth of Green Energy Jobs: The European Experience," the environmental scientist and a resident scholar at the American Enterprise Institute writes, "Green programs in Spain destroyed 2.2 jobs for every green job created, while the capital needed for one green job in Italy could create almost five jobs in the general economy."
Ironically, Obama boasts his initiative "will help close the clean-energy gap between America and other nations." But Green says, "(C)ountries are cutting these programs because they realize they aren't sustainable and they are obscenely expensive."
So we shouldn't be surprised that green-jobs programs make energy more expensive. "(F)orcing green energy on the market (is) much, much more expensive," Green said. "Using Spain as a model, when you do the math, you realize that creating 3 million new green jobs could cost $2.25 trillion."
Of course, many people who push "green jobs" want the price of energy to rise so we'll use less. If the environmental lobby wants Americans to be poorer, it ought to come clean about that.
Arab revolt reworks the world order
India, Brazil and South Africa have put a spoke in the American wheel, which seemed up until Tuesday inexorably moving, turning and turning in the direction of imposing a "no-fly" zone over Libya.
Arguably, the United States can still impose a zone, but then President Barack Obama will have to drink from the poisoned chalice and resurrect his predecessor's controversial post-Cold War doctrine of "unilateralism" and the "coalition of the willing" to do that. If he does so, Obama will have no place to hide and all he has done in his presidency to neutralize America's image as a "bully" will come unstuck.
All indications are that the US and its allies who are assisting the Libyan rebels politically, militarily and financially have been hoping to extract a "request" from the Libyan people within a day or two at the most as a fig-leaf to approach the United Nations Security Council for a mandate to impose sanctions under the auspices of the North Atlantic Treaty Organization (NATO). The Libyan rebels are a divided house: nationalist elements staunchly oppose outside intervention and the Islamists among them are against any form of Western intervention.
'Unilateralism' only option on table
NATO defense ministers held a meeting in Brussels on Tuesday to give practical touches to a possible intervention by the alliance in Libya. That the meeting was attended by US Defense Secretary Robert Gates was indicative of the importance attached to the run-up to the alliance's proposed intervention in Libya. Gates missed an earlier informal NATO defense ministers' meeting on Libya held on the outskirts of Budapest a fortnight ago.
Arguably, the United States can still impose a zone, but then President Barack Obama will have to drink from the poisoned chalice and resurrect his predecessor's controversial post-Cold War doctrine of "unilateralism" and the "coalition of the willing" to do that. If he does so, Obama will have no place to hide and all he has done in his presidency to neutralize America's image as a "bully" will come unstuck.
All indications are that the US and its allies who are assisting the Libyan rebels politically, militarily and financially have been hoping to extract a "request" from the Libyan people within a day or two at the most as a fig-leaf to approach the United Nations Security Council for a mandate to impose sanctions under the auspices of the North Atlantic Treaty Organization (NATO). The Libyan rebels are a divided house: nationalist elements staunchly oppose outside intervention and the Islamists among them are against any form of Western intervention.
'Unilateralism' only option on table
NATO defense ministers held a meeting in Brussels on Tuesday to give practical touches to a possible intervention by the alliance in Libya. That the meeting was attended by US Defense Secretary Robert Gates was indicative of the importance attached to the run-up to the alliance's proposed intervention in Libya. Gates missed an earlier informal NATO defense ministers' meeting on Libya held on the outskirts of Budapest a fortnight ago.
Libya and the Return of Humanitarian Imperialism
The whole gang is back: The parties of the European Left (grouping the "moderate" European communist parties), the “Green” José Bové, now allied with Daniel Cohn-Bendit, who has never seen a US-NATO war he didn’t like, various Trotkyist groups and of course Bernard-Henry Lévy and Bernard Kouchner, all calling for some sort of "humanitarian intervention" in Libya or accusing the Latin American left, whose positions are far more sensible, of acting as “useful idiots” for the "Libyan tyrant."
Twelve years later, it is Kosovo all over again. Hundred of thousands of Iraqis dead, NATO stranded in an impossible position in Afghanistan, and they have learned nothing! The Kosovo war was made to stop a nonexistent genocide, the Afghan war to protect women (go and check their situation now), and the Iraq war to protect the Kurds. When will they understand that all wars claim to have humanitarian justifications? Even Hitler was “protecting minorities” in Czechoslovakia and Poland.
On the other hand, Robert Gates warns that any future secretary of state who advises a US president to send troops into Asia or Africa "must have his head examined". Admiral Mullen similarly advises caution. The great paradox of our time is that the headquarters of the peace movement are to be found in the Pentagon and the State Department, while the pro-war party is a coalition of neo-conservatives and liberal interventionists of various stripes, including leftist humanitarian warriors, as well as some Greens, feminists or repentant communists.
So, now, everybody has to cut down his or her consumption because of global warming, but NATO wars are recyclable and imperialism has become part of sustainable development.
Twelve years later, it is Kosovo all over again. Hundred of thousands of Iraqis dead, NATO stranded in an impossible position in Afghanistan, and they have learned nothing! The Kosovo war was made to stop a nonexistent genocide, the Afghan war to protect women (go and check their situation now), and the Iraq war to protect the Kurds. When will they understand that all wars claim to have humanitarian justifications? Even Hitler was “protecting minorities” in Czechoslovakia and Poland.
On the other hand, Robert Gates warns that any future secretary of state who advises a US president to send troops into Asia or Africa "must have his head examined". Admiral Mullen similarly advises caution. The great paradox of our time is that the headquarters of the peace movement are to be found in the Pentagon and the State Department, while the pro-war party is a coalition of neo-conservatives and liberal interventionists of various stripes, including leftist humanitarian warriors, as well as some Greens, feminists or repentant communists.
So, now, everybody has to cut down his or her consumption because of global warming, but NATO wars are recyclable and imperialism has become part of sustainable development.
Tuesday, March 8, 2011
NM Rothschild & Sons Are Moving In For The Kill! Witness Their Work All Over The Globe! RIGHT NOW!!!
The World Bank/IMF is owned and controlled by NM Rothschild & Sons plus 30 to 40 of the wealthiest people in the world. For over 150 years they have planned to take over the planet through money. The former chief economist of the World Bank, Joe Stiglitz, was fired in 2000. He pointed out to top executives that every country the IMF/World Bank forced their way into ended up with a crashed economy, a destroyed government, and some even broke out in riots. Former President of the World Bank/IMF Sir James Wolfensohn, would not comment on his dismissal.
Before Joe Stiglitz was fired he took a large stack of secret documents out of the World Bank.
These secret documents from the World Bank and the International Monetary Fund reveal that the IMF required nations:
1. To sign secret agreements containing 111 destructive items. (I’d love to get a hold of that list)
2. To agree to sell off their key assets – water, electric, gas, etc.
3. To agree to take economic steps which are devastating to the nations involved.
“Beware of calls to return to a gold standard. Why? Simple. Because never before has so much gold been so concentrated outside of American hands. And never before has so much gold been in the hands of international governmental bodies such as the World Bank and International Monetary Fund. In fact, the IMF now holds more gold then any central bank.”
Before Joe Stiglitz was fired he took a large stack of secret documents out of the World Bank.
These secret documents from the World Bank and the International Monetary Fund reveal that the IMF required nations:
1. To sign secret agreements containing 111 destructive items. (I’d love to get a hold of that list)
2. To agree to sell off their key assets – water, electric, gas, etc.
3. To agree to take economic steps which are devastating to the nations involved.
“Beware of calls to return to a gold standard. Why? Simple. Because never before has so much gold been so concentrated outside of American hands. And never before has so much gold been in the hands of international governmental bodies such as the World Bank and International Monetary Fund. In fact, the IMF now holds more gold then any central bank.”
Whites Do Not Have the Right
Having watched the video of Jamie Kelso’s experience at the CPAC, I was struck by Mr. Kelso’s insistence on the right of White people to control their traditional homelands. I believe the main reasons why he failed to make headway with his propositionist challengers is that he was attempting to win an ontological argument about race with abstract logic, when beliefs about race (like religion)—not despite, but because they are ontological—are singularly impervious to reason. There is nothing Mr. Kelso could have said that would have persuaded his opponents. There are things he could have done, but more on that later. Firstly, I would like to contradict Mr. Kelso and state that, no, presently White people neither have the right to exist nor the right to control their traditional homelands. We had that right in the past, but not anymore.
Concepts like rights are meaningless without force, or at least the willingness to use force. An abstract code of law, perhaps even morality, may grant people any number of rights; but in practice, it is the possession and unfettered use of overwhelming might that makes rights, not the other way around. This is why the American Indians have no right to claim possession of United States: it is not that the European settlers of the eighteenth and nineteenth century proved in a court of law that the former too were immigrants, or that they demonstrated that Europoids had inhabited the region before the American Indians’ ancestors immigrated from Siberia. None of this was even known at the time, and certainly the European settlers would not have cared if it had been. The American Indians were simply unable to match the technological and organisational might of the European colonists, and their constitution was also weak in the face of alcohol and newly introduced European viruses.
Much is made in our circles of the lack of rights for Whites in modern South Africa. Whites once enjoyed superior force in relation to the Bantu Blacks that comprised the majority of the population there. Then the Whites decided to cease their use of force and hand over their country to the Bantus. The Bantu, armed with their numbers and the White man’s weapons and state apparatus, seized the opportunity to use force against their former masters, many of whom subsequently deemed it safer to emigrate (a great number of them now reside in their ancestral homeland in Britain). Yet the Bantu are not indigenous to the region: they came originally from what we call Cameroon and arrived in Southern Africa in the fourth century—that means they were still relatively recent arrivals when the White man came. The much older tribes, the San people, whose presence in Southern Africa goes back some 10-22,000 years, remain more or less rightless under Bantu domination, much as they were before (see my TOO article, Deconstruction: I Know How to Do It Too).
When it comes to rights, therefore, we must for all practical purposes treat them as inextricably bound up with force, and when it comes to force, it is a case either use it, or lose it.
Concepts like rights are meaningless without force, or at least the willingness to use force. An abstract code of law, perhaps even morality, may grant people any number of rights; but in practice, it is the possession and unfettered use of overwhelming might that makes rights, not the other way around. This is why the American Indians have no right to claim possession of United States: it is not that the European settlers of the eighteenth and nineteenth century proved in a court of law that the former too were immigrants, or that they demonstrated that Europoids had inhabited the region before the American Indians’ ancestors immigrated from Siberia. None of this was even known at the time, and certainly the European settlers would not have cared if it had been. The American Indians were simply unable to match the technological and organisational might of the European colonists, and their constitution was also weak in the face of alcohol and newly introduced European viruses.
Much is made in our circles of the lack of rights for Whites in modern South Africa. Whites once enjoyed superior force in relation to the Bantu Blacks that comprised the majority of the population there. Then the Whites decided to cease their use of force and hand over their country to the Bantus. The Bantu, armed with their numbers and the White man’s weapons and state apparatus, seized the opportunity to use force against their former masters, many of whom subsequently deemed it safer to emigrate (a great number of them now reside in their ancestral homeland in Britain). Yet the Bantu are not indigenous to the region: they came originally from what we call Cameroon and arrived in Southern Africa in the fourth century—that means they were still relatively recent arrivals when the White man came. The much older tribes, the San people, whose presence in Southern Africa goes back some 10-22,000 years, remain more or less rightless under Bantu domination, much as they were before (see my TOO article, Deconstruction: I Know How to Do It Too).
When it comes to rights, therefore, we must for all practical purposes treat them as inextricably bound up with force, and when it comes to force, it is a case either use it, or lose it.
Monday, March 7, 2011
Economy Hit with the Ultimate Smokescreen: Biflation
You can tell when a Ponzi scheme is approaching its collapse by the number of increased smoke and mirrors needed to cover up the counterfeit foundation of the scheme.
The U.S. government, who already grossly disfigures the real numbers for GDP, unemployment and inflation, is constantly having to twist reality to keep their scheme afloat.
The government recently reported that unemployment numbers reached the lowest point in nearly two years at 8.9%, "sparking optimism" in the establishment media. Many analysts point to two months in a row of "job growth" as evidence that the U.S. is well on its way to recovery and it should be good news for job seekers.
We all know the inherent problems with the official unemployment number, as it never tells the full story. But assuming hiring has gotten better, these lower wage jobs will surely affect consumer spending in the near and long term. Additionally, John Challenger, an executive with an outplacement firm, claimed his optimism is tempered because, "Certainly the specter of rising gas prices could impact employers' staffing decisions over the next six months."
Which brings us to the phony number in the theater to hide the Ponzi scheme that I want to focus on: inflation. The 12-month inflation rate as of January 2011, was 1.6% according to the official Consumer Price Index, or only 1% when you remove food and energy. The report stated:
The U.S. government, who already grossly disfigures the real numbers for GDP, unemployment and inflation, is constantly having to twist reality to keep their scheme afloat.
The government recently reported that unemployment numbers reached the lowest point in nearly two years at 8.9%, "sparking optimism" in the establishment media. Many analysts point to two months in a row of "job growth" as evidence that the U.S. is well on its way to recovery and it should be good news for job seekers.
We all know the inherent problems with the official unemployment number, as it never tells the full story. But assuming hiring has gotten better, these lower wage jobs will surely affect consumer spending in the near and long term. Additionally, John Challenger, an executive with an outplacement firm, claimed his optimism is tempered because, "Certainly the specter of rising gas prices could impact employers' staffing decisions over the next six months."
Which brings us to the phony number in the theater to hide the Ponzi scheme that I want to focus on: inflation. The 12-month inflation rate as of January 2011, was 1.6% according to the official Consumer Price Index, or only 1% when you remove food and energy. The report stated:
ISRAEL KEEPING GHADDAFI AFLOAT?
With approval from the government in Tel Aviv, an Israeli security firm is responsible for sending groups of African mercenaries to Libya to fight the protestors who have been calling for the fall of the Gaddafi regime for the last two weeks, reports Al Jazeera’s website, citing a source in the Israeli press. The journalist from Israeli daily Yediot Ahronot, who prefers to remain anonymous, said that according to speculation in the security sector, Israel looks at Libya from a strategic perspective and in terms of security.
The fall of Gaddafi would open the door for an Islamic regime in
Libya, accordingto speculation. In a meeting on February 18, Prime Minister Netanyahu, Defence Minister Barak and Foreign Minister Lieberman decided to recruit African mercenaries to fight alongside Gaddafi, according to the journalist.
During the meeting, they decided to let General Israel Zef, the director of security firm Global CST, which is active in many African countries, to make a group of paramilitary mercenaries from Guinea, Nigeria, Central Africa, Mali, Senegal, Darfur and Southern Sudan available to Abdullah Assinousi, one of the heads of Libya’s intelligence agency.
As Libyan leader Muammar Gaddafi fights desperately to cling to power, killing thousands of his countrymen in the process, more and more bizarre stories about his connections to Israel are coming to light. According to a Tel Aviv-based organization of Jews of Libyan descent, in 2007 the Gaddafi regime offered a large sum of money for the formation of a “Libyan political party” to run in Israel’s 2009 Knesset elections. Last week we reported on Gaddafi’s suspected Jewish heritage, citing an Israeli television interview last year with an Israeli Jew of Libyan descent who claims to be Gaddafi’s cousin.
The fall of Gaddafi would open the door for an Islamic regime in
Libya, accordingto speculation. In a meeting on February 18, Prime Minister Netanyahu, Defence Minister Barak and Foreign Minister Lieberman decided to recruit African mercenaries to fight alongside Gaddafi, according to the journalist.
During the meeting, they decided to let General Israel Zef, the director of security firm Global CST, which is active in many African countries, to make a group of paramilitary mercenaries from Guinea, Nigeria, Central Africa, Mali, Senegal, Darfur and Southern Sudan available to Abdullah Assinousi, one of the heads of Libya’s intelligence agency.
As Libyan leader Muammar Gaddafi fights desperately to cling to power, killing thousands of his countrymen in the process, more and more bizarre stories about his connections to Israel are coming to light. According to a Tel Aviv-based organization of Jews of Libyan descent, in 2007 the Gaddafi regime offered a large sum of money for the formation of a “Libyan political party” to run in Israel’s 2009 Knesset elections. Last week we reported on Gaddafi’s suspected Jewish heritage, citing an Israeli television interview last year with an Israeli Jew of Libyan descent who claims to be Gaddafi’s cousin.
Prominent Conservative Radio Hosts Planted Scripted Actors Among Callers
Well, here’s a shocker: Some of the people who phone in to talk radio shows (that caller with the pitch-perfect rant, provocative comment or burning question) may actually be hired actors reading from scripts. I’m not an angry listener, but I play one on radio!
If [the actor] passed the audition, he would be invited periodically to call in to various talk shows and recite various scenarios that made for interesting radio. He would never be identified as an actor, and his scenarios would never be identified as fabricated—which they always were.
Curious, the actor did some snooping and learned that Premiere On Call was a service offered by Premiere Radio Networks, the largest syndication company in the United States and a subsidiary of Clear Channel Communications, the entertainment and advertising giant. Premiere syndicates some of the more sterling names in radio, including Rush Limbaugh, Glenn Beck, and Sean Hannity. But a great radio show depends as much on great callers as it does on great hosts: Enter Premiere On Call.
“Premiere On Call is our new custom caller service,” read the service’s website, which disappeared as this story was being reported (for a cached version of the site click here). “We supply voice talent to take/make your on-air calls, improvise your scenes or deliver your scripts. Using our simple online booking tool, specify the kind of voice you need, and we’ll get your the right person fast. Unless you request it, you won’t hear that same voice again for at least two months, ensuring the authenticity of your programming for avid listeners.”
If [the actor] passed the audition, he would be invited periodically to call in to various talk shows and recite various scenarios that made for interesting radio. He would never be identified as an actor, and his scenarios would never be identified as fabricated—which they always were.
Curious, the actor did some snooping and learned that Premiere On Call was a service offered by Premiere Radio Networks, the largest syndication company in the United States and a subsidiary of Clear Channel Communications, the entertainment and advertising giant. Premiere syndicates some of the more sterling names in radio, including Rush Limbaugh, Glenn Beck, and Sean Hannity. But a great radio show depends as much on great callers as it does on great hosts: Enter Premiere On Call.
“Premiere On Call is our new custom caller service,” read the service’s website, which disappeared as this story was being reported (for a cached version of the site click here). “We supply voice talent to take/make your on-air calls, improvise your scenes or deliver your scripts. Using our simple online booking tool, specify the kind of voice you need, and we’ll get your the right person fast. Unless you request it, you won’t hear that same voice again for at least two months, ensuring the authenticity of your programming for avid listeners.”
Saturday, March 5, 2011
People Of Earth: Prepare For Economic Disaster
It is not just the United States that is headed for an economic collapse. The truth is that the entire world is heading for a massive economic meltdown and the people of earth need to be warned about the coming economic disaster that is going to sweep the globe. The current world financial system is based on debt, and there are alarming signs that the gigantic global debt bubble is getting ready to burst. In addition, global prices for the key resources that the major economies of the planet depend on are rising very rapidly. Despite all of our advanced technology, the truth is that human civilization simply cannot function without oil and food. But now the price of oil and the price of food are both increasing dramatically. So how is the current global economy supposed to keep functioning properly if it soon costs much more to ship products between continents? How are the billions of people that are just barely surviving today supposed to feed themselves if the price of food goes up another 30 or 40 percent? For decades, most of the major economies around the globe have been able to take for granted that massive amounts of cheap oil and massive amounts of cheap food will always be there. So what happens when that paradigm changes?
Now the World Economic Forum says that we need to grow the total amount of debt by another 100 trillion dollars over the next ten years to "support" the anticipated amount of "economic growth" around the world that they expect to see.
The entire global financial system is a gigantic Ponzi scheme. It is designed to keep everyone enslaved to perpetual debt. If at some point the debt spiral gets interrupted in some significant way, we are going to witness an economic disaster that is going to make what happened in 2008 look like a Sunday picnic.
Now the World Economic Forum says that we need to grow the total amount of debt by another 100 trillion dollars over the next ten years to "support" the anticipated amount of "economic growth" around the world that they expect to see.
The entire global financial system is a gigantic Ponzi scheme. It is designed to keep everyone enslaved to perpetual debt. If at some point the debt spiral gets interrupted in some significant way, we are going to witness an economic disaster that is going to make what happened in 2008 look like a Sunday picnic.
Roots of the Arab Revolts and Premature Celebrations
Rentier rulers govern via their ties to the US and EU military and financial institutions. They modernize their affluent enclaves and marginalize recently educated youth, who are confined to low paid jobs, especially in the insecure informal sector, centered in the streets of the capital cities. Neo-liberal privatizations, reductions in public subsidies (for food, unemployment subsidies, cooking oil, gas, transport, health, and education) shattered the paternalistic ties through which the rulers contained the discontent of the young and poor, as well as clerical elites and tribal chiefs. The confluence of classes and masses, modern and traditional, was a direct result of a process of neo-liberalization from above and exclusion from below. The neo-liberal “reformers” promise that the ‘market’ would substitute well-paying jobs for the loss of state paternalistic subsidies was false. The neo-liberal polices reinforced the concentration of wealth while weakening state controls over the masses.
The world capitalist economic crises led Europe and the US to tighten their immigration controls, eliminating one of the escape valves of the regimes – the massive flight of unemployed educated youth seeking jobs abroad. Out-migration was no longer an option; the choices narrowed to struggle or suffer. Studies show that those who emigrate tend to be the most ambitious, better educated (within their class) and greatest risk takers. Now, confined to their home country, with few illusions of overseas opportunities, they are forced to struggle for individual mobility at home through collective social and political action.
Equally important among the political youth, is the fact that the US, as guarantor of the rentier regimes, is seen as a declining imperial power: challenged economically in the world market by China; facing defeat as an occupying colonial ruler in Iraq and Afghanistan; and humiliated as a subservient and mendacious servant of an increasingly discredited Israel via its Zionist agents in the Obama regime and Congress. All of these elements of US imperial decay and discredit, encourage the pro-democracy movements to move forward against the US clients and lessen their fears that the US military would intervene and face a third military front. The mass movements view their oligarchies as “third tier” regimes: rentier states under US hegemony, which, in turn, is under Israeli – Zionist tutelage. With 130 countries in the UN General Assembly and the entire Security Council, minus the US, condemning Israeli colonial expansion; with Lebanon, Egypt, Tunisia and the forthcoming new regimes in Yemen and Bahrain promising democratic foreign policies, the mass movements realize that all of Israel’s modern arms and 680,000 soldiers are of no avail in the face of its total diplomatic isolation, its loss of regional rentier clients, and the utter discredit of its bombastic militarist rulers and their Zionist agents in the US diplomatic corps (Financial Times 2/24/11, p. 7).
The very socio-economic structures and political conditions which detonated the pro-democracy mass movements, the unemployed and underemployed youth organized from “the street”, now present the greatest challenge: can the amorphous and diverse mass becomes an organized social and political force which can take state power, democratize the regime and, at the same time, create a new productive economy to provide stable well- paying employment, so far lacking in the rentier economy? The political outcome to date is indeterminate: democrats and socialists compete with clerical, monarchist, and neoliberal forces bankrolled by the U.S.
The world capitalist economic crises led Europe and the US to tighten their immigration controls, eliminating one of the escape valves of the regimes – the massive flight of unemployed educated youth seeking jobs abroad. Out-migration was no longer an option; the choices narrowed to struggle or suffer. Studies show that those who emigrate tend to be the most ambitious, better educated (within their class) and greatest risk takers. Now, confined to their home country, with few illusions of overseas opportunities, they are forced to struggle for individual mobility at home through collective social and political action.
Equally important among the political youth, is the fact that the US, as guarantor of the rentier regimes, is seen as a declining imperial power: challenged economically in the world market by China; facing defeat as an occupying colonial ruler in Iraq and Afghanistan; and humiliated as a subservient and mendacious servant of an increasingly discredited Israel via its Zionist agents in the Obama regime and Congress. All of these elements of US imperial decay and discredit, encourage the pro-democracy movements to move forward against the US clients and lessen their fears that the US military would intervene and face a third military front. The mass movements view their oligarchies as “third tier” regimes: rentier states under US hegemony, which, in turn, is under Israeli – Zionist tutelage. With 130 countries in the UN General Assembly and the entire Security Council, minus the US, condemning Israeli colonial expansion; with Lebanon, Egypt, Tunisia and the forthcoming new regimes in Yemen and Bahrain promising democratic foreign policies, the mass movements realize that all of Israel’s modern arms and 680,000 soldiers are of no avail in the face of its total diplomatic isolation, its loss of regional rentier clients, and the utter discredit of its bombastic militarist rulers and their Zionist agents in the US diplomatic corps (Financial Times 2/24/11, p. 7).
The very socio-economic structures and political conditions which detonated the pro-democracy mass movements, the unemployed and underemployed youth organized from “the street”, now present the greatest challenge: can the amorphous and diverse mass becomes an organized social and political force which can take state power, democratize the regime and, at the same time, create a new productive economy to provide stable well- paying employment, so far lacking in the rentier economy? The political outcome to date is indeterminate: democrats and socialists compete with clerical, monarchist, and neoliberal forces bankrolled by the U.S.
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