Congressmen make bipartisan call for more Russia sanctions amid deadly Ukraine violence

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A Democrat and Republican on the Senate Foreign Relations Committee agreed Sunday that Russian President Vladimir Putin has ignored U.S. and European pleas to withdraw military troops from Ukraine and called for tougher economic sanctions, following a deadly shootout this weekend. “I don’t think Putin really believes we’re going to punish them in that way,” Tennessee GOP Sen. Bob Corker, the committee’s senior Republican member, said on NBC’s “Meet the Press.”

Sen. Chris Murphy, a Connecticut Democrat and fellow committee member, said: “I think the time is now to rapidly ratchet up our sanctions, whether it’s on Russian petrochemical companies or on Russian banks.”

The senators made their comments after at least three people were killed in the Easter morning shooting and as tens of thousands of Russian troops occupy the Ukraine-Russian border and Moscow operatives purportedly infiltrate eastern Ukraine to stir opposition toward that country’s new, temporary government. Both sides blamed each other for the shootout, at a checkpoint manned by pro-Russia insurgents in eastern Ukraine. Russia’s Foreign Ministry issued a statement blaming militant Ukrainian nationalists, and Russian state television stations aired pictures of supposed proof of their involvement in the attack. The Ukrainian Security Service said the attack was staged by provocateurs from outside the country. The clash, near the city of Slovyansk, appears to be the first since an international agreement was reached last week in Geneva to ease tensions in eastern Ukraine, where armed pro-Russia activists have seized government buildings in at least 10 cities. Russia last month annexed Ukraine’s Crimean Peninsula. The political upheaval in Ukraine has been going on for months, with citizens in February ousting their Moscow-backed president. The Russian ambassador to Ukraine told “Fox News Sunday” that his country is not on a military march into Eastern Europe and surrounding regions and blamed militia groups for the recent violence in Ukraine. “We are not going anywhere,” Ambassador Sergey Kislyak said. Kislyak repeatedly told Fox News that peace in that region cannot be achieved until “all” militia groups drop their weapons. And he attempted to downplay President Obama’s vow last week that additional economic sanctions will be imposed if Putin forces continue to fuel the unrest in Eastern Europe. “We can withstand the pressures,” said Kislyak, suggesting the United States had returned to a Cold War mentality that has no place in the 21st century. Obama has said his administration is prepared to take further action against Russia if diplomatic efforts to destabilize the conflict fail. Vice President Biden plans to be in Kiev, the Ukrainian capital, on Monday and Tuesday to meet with government leaders and democracy advocates. Corker, who plans to be in the region in May, also said the U.S. should be sanctioning some of the companies in the energy sector and large banks if Putin fails to immediately begin moving the 40,000 troops on the border, which are intimidating people in Ukraine.” Geoffrey Pyatt, the U.S. ambassador to Ukraine, told CNN’s “State of the Union” the international agreement forged late last week may be “the best chance that we have got to achieve a diplomatic de-escalation of this crisis.” However, he also said he’s seen reports of progress, including one Sunday morning that state at least one of the occupied government buildings now has a Ukrainian flag flying overhead. source

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China Starts To Make A Power Move Against The U.S. Dollar

In order for our current level of debt-fueled prosperity to continue, the rest of the world must continue to use our dollars to trade with one another and must continue to buy our debt at ridiculously low interest rates.  Of course the number one foreign nation that we depend on to participate in our system is China.  

 

China accounts for more global trade than anyone else on the planet (including the United States), and most of that trade is conducted in U.S. dollars. 

This keeps demand for our dollars very high, and it ensures that we can import massive quantities of goods from overseas at very low cost.  As a major exporting nation, China ends up with gigantic piles of our dollars.  They lend many of those dollars back to us at ridiculously low interest rates.  At this point, China owns more of our national debt than any other country does.  But if China was to decide to quit playing our game and started moving away from U.S. dollars and U.S. debt, our economic prosperity could disappear very rapidly.  Demand for the U.S. dollar would fall and prices would go up.  And interest rates on our debt and everything else in our financial system would go up to crippling levels.  So it is absolutely critical to our financial future that China continues to play our game.

Unfortunately, there are signs that China has now decided to start looking for a smooth exit from the game.

In November I wrote about how the central bank of China has announced that it is “no longer in China’s favor to accumulate foreign-exchange reserves”.  That means that the pile of U.S. dollars that China is sitting on is not going to get any higher.

In addition, China has signed a whole host of international currency agreements with other nations during the past couple of years which are going to result in less U.S. dollars being used in international trade.  You can read about many of these agreements in http://theeconomiccollapseblog.com/archives/how-china-can-cause-the-death-of-the-dollar-and-the-entire-u-s-financial-system.

This week, we learned that China started to dump U.S. debt during the month of December.  Many have imagined that China would try to dump a flood of our debt on to the market all of a sudden once they decided to exit, but that simply does not make sense.  Instead, it makes sense for China to dump a bit of debt at a time so that the market will not panic and so that they can get close to full value for the paper that they are holding.

As Bloomberg reported the other day, China dumped nearly 50 billion dollars of U.S. debt during the month of December…
China, the largest foreign U.S. creditor, reduced holdings of U.S. Treasury debt in December <strong>by the most in two years as the Federal Reserve announced plans to slow asset purchases.

The nation pared its position in U.S. government bonds by $47.8 billion, or 3.6 percent, to $1.27 trillion, the largest decline since December 2011, according to U.S. Treasury Department data released yesterday.
This is how I would do it if I was China.  I would try to dump 30, 40 or 50 billion dollars a month.  I would try to make a smooth exit and try to get as much for my U.S. debt paper as I could.

So if China is not going to stockpile U.S. dollars or U.S. debt any longer, what is it going to stockpile?

It is going to stockpile gold of course.  In fact, China has been voraciously stockpiling gold for quite some time, and their hunger for gold appears to be growing.

According to Bloomberg  more than 80 percent of the gold that was exported from Switzerland last month went to Asia…
Switzerland sent more than 80 percent of its gold and silver bullion and coin exports to Asia last month, the Swiss Federal Customs Administration said today in an e-mailed report. It imported most from the U.K.

Hong Kong was the top destination at 44 percent on a value basis, with India at 14 percent, the Bern-based customs agency said in its first breakdown of the gold trade data since 1980. Singapore accounted for 8.6 percent of exports, the United Arab Emirates 7.9 percent and China 6.3 percent.
When China imports gold, most of it goes through Hong Kong.  We know that imports of gold from Hong Kong into China are at an all-time record high, but we don’t know exactly how much gold China has accumulated at this point because they quit reporting that to the rest of the world a number of years ago.

When it comes to global finance, China is playing chess and the United States is playing checkers.  China knows that gold is a universal currency that will hold value over the long-term.  As the paper currencies of the world race toward collapse, China could end up holding most of the real money and that would be a huge game changer when they finally reveal that fact…
The announcement of China’s new gold hoard will send shockwaves through the financial markets, and make China and the Chinese yuan (their national currency) even bigger players at the international table.

International banking expert James Rickards compared it to a game of Texas Hold ‘Em poker:

“You want a big pile of chips. The U.S. has a big pile of chips, Europe has a big pile of chips. The U.S. has 8,000 tonnes [metric tons] of gold, 17 members of the euro system have 10,000 tonnes. China at 1,000 tonnes is not a player, but at 5,000 tonnes, they are a player.”
There are some really good points made in the quote above, but I do take exception with a couple of things.  First of all, I believe that China now has far more than 5,000 tons of gold.  Secondly, I seriously doubt that the U.S. still actually has 8,000 tons of gold or that Europe still actually has 10,000 tons of gold.

As China (and eventually the rest of the world) moves away from a U.S.-based financial system, the consequences are going to be dramatic.

For instance, right now the average rate of interest that the U.S. government pays on debt is just 2.477 percent .  That is ridiculously low and it is way below the real rate of inflation the real rate of inflation.  It is simply not rational for anyone to lend the U.S. government money so cheaply, and at some point we are going to see a dramatic shift.

When that day arrives, interest rates are going to rise dramatically.  And if the average rate of interest on U.S. government debt rises to just 6 percent (and it has been much higher than that in the past), we will be paying out more than a trillion dollars a year just in interest on the national debt.

Even more frightening is what a rapidly changing interest rate environment would mean for our banking system.  There are four large U.S. banks that  have exposure to derivatives in excess of 40 trillion dollars.  You can find the identity of those banks right here.  Interest rate derivatives make up the biggest chunk of those derivatives contracts.  As John Embry told King World News  just the other day, when that bubble bursts the carnage is going to be unprecedented…
Stockman brought up a brilliant point, the fact that we have hundreds of trillions of dollars of interest rate swaps, which are polluting the world’s banking system. If we see growing volatility in interest rates, and I think that’s inevitable with what’s going on, that would cause spasms in the financial system. And if something goes wrong in the derivatives market, Heaven help us because the leverage that is imparted to the banking system through these derivatives is unholy.”
Unfortunately, very few of the “experts” will ever see this crash coming.

Very few of them saw it coming in 2000. Very few of them saw it coming in 2008. And very few of them will see it coming this time.

I really like what Paul B. Farrell had to say about this

Early warnings of a crash are dismissed over and over (“just a temporary correction”). They gradually numb us about the inevitable. Time after time we forget history’s lessons. Until finally a big surprise catches us totally off-guard. Financial historian Niall Ferguson put it this way: Before the crash, our world seems almost stationary, deceptively so, balanced, at a set point. So that when the crash finally hits — as inevitably it will — everyone seems surprised. And our brains keep telling us it’s not time for a crash.
Till then, life just goes along quietly, hypnotizing us, making us vulnerable, till a shocker like Lehman Brothers upsets the balance. Then, says Ferguson, the crash is “accelerating suddenly, like a sports car … like a thief in the night.” It hits. Shocks us wide awake.

Don’t let the upcoming crash take you by surprise. The warning signs are very clear. Get ready while you still can.

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The Dawning of the Age of Obama

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The Nazis were famous for boldly lying through their teeth and then passing off that lie as the truth.  It was a remarkable record that stood alone until 2009.  Their once impressive record has not merely been beaten but has been smashed by Barack Obama.  To believe his latest prevarication, not only would you have to as Hillary once said, have to practice the suspension of disbelief.

Obama makes the absurd claim that the Keystone Pipeline would create only 2100 jobs.  Forget the rhetoric on both sides for a moment and let’s look at the raw numbers.  The pipeline would be 1179 miles long.  That’s 2100 people to manufacture the pipes, fittings, valves, and accessories, transport the pipes and fittings all along the 1179 mile route, provide food and lodging for the construction crews, and lay the pipeline.  Could it be done?  Sure if you wouldn’t mind waiting 40 years for the pipeline to be built.

TransCanada estimates that in the US alone, the construction crew would require 9,000 workers.  (That’s over four times the jobs Obama claims for you low information liberal voters)  It would take 7,000 people to manufacture 1179 miles of pipe, fittings, controls, etc  for the pipeline.  TransCanada has contracts with 50 suppliers from Nebraska to Texas to build the supplies needed for the pipeline.  Then there are the trucks needed to haul the pipes to the construction site.  The trucks have a payload capacity of 45,000 pounds.

Indeed in just the Oklahoma to Texas part of the pipeline, Trans Canada has already hired 4,000 employees and that’s just a small portion of the pipeline and only counts the construction crew.   So claiming the entire pipeline would create only 2100 jobs is pure chutzpah on Obama’s part.  He’s channeling his inner Goebbels.  And, remember, these are great paying jobs, not the McDonalds type jobs we’ve come to associate with Obama.  The average income is in excess of 50k a year.

The economic impact for the local and state governments is equally impressive.  Local governments can expect revenues of 99 million and state governments will realize revenues of 486 million and property taxes over the life of the pipeline will hit at least 5 billion dollars.  It would increase the GDP by 172 billion by 2035.  And would require 1.8 million person years of employment over the next 22 years.  And how much income tax would the federal government get from 1.8 million person years?  At a 25% rate that would come out to 180 billion.  (Based on 50,000 dollars a year with 10,000 in deductions)

In fact, Obama’s own people in the State Department have estimated the number of jobs created by the Keystone Pipeline would create 4,000 construction jobs (The amount already created in just the OK to TX pipeline) and a potential for 42,000 jobs overall.  So where did Obama get his ridiculous numbers?  A report by a strong opponent of the Keystone Pipeline, the 2011 Cornell University Global Labor Institute study.

Even the ultra friendly Washington Post, who fact checked Obama’s numbers gave him two Pinocchios for his lies. And remember that just the southern  leg of the pipeline has created double the amount of construction jobs alone that Obama claims.  And 100 additional jobs?  Oh please.  100 people to mine the ore and coal needed to refine the iron and steel, then to manufacture the parts that are sent to manufacturers to build the pipe, valves, and controls and the truckers to haul the parts to the construction site.

And what about the ancillary jobs created.  100 is not merely unbelievable but it stretches the imagination to epic heights.  The bottom line is you would have to be at least border line insane to believe Obama on this, which is probably the best way to describe the sheeple who hang onto his every word.

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“I Don’t Know What We’re Going To Wake Up To Tomorrow…” WW3 On Our Doorsteps

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With seemingly endless scandals rocking the country, economic malaise spreading across the world, and super powers positioning their military assets on the grand chessboard, one can’t help but notice that the entire planet is devolving into completely insanity.

Uncertainty is at such a level that it’s impossible to know what happens next.

These people – our leaders, the purported best and brightest members of politics, finance, and industry – have brought us to the brink. What we are witnessing is a complete destabilization of our socio-economic systems and the rule of law, and it’s being fueled by pandemonium in the upper echelons of the global power structure.

Tying it all together can be a daunting task and certainly can’t be done in a thirty second mainstream media sound bite, but Chris Greene of AMTV does a pretty incredible job of it in about five minutes.

This is one commentary that’s not to be missed:


(Watch at Youtube)

Alright, so Obama’s about to launch World War III. I believe it’s already started. And this is all on the heels of the massive scandals. Too many to count. Honestly, I don’t know what I’m going to wake up to tomorrow.

All I know is that we’ve had scandal after scandal – Benghazi, the IRS scandal, the fact that he’s directly lied to our faces regarding the wire-tapping, not just of the Associated Press, but of innocent Americans, the surveillance state… total lies.

This next war is going to be biological… nuclear terror… there’s already a cyber war occurring… this is violence and terror at a whole new scale…

It really is unbelievable. So count on it, count on it. I don’t know what we’re going to wake up to tomorrow… we really don’t know.

We just know what the agenda is – lie straight to the American peoples’ faces as you take them to war and confiscate all their wealth – of which they’ve done a fantastic job.

So, the reset button, the massive reset button which always occurs throughout history – you know we see this with the rise and fall of empires – is war. That’s how they reset everything financially.

So that’s what’s on the Obama agenda as he sits in the war room… That’s what we have coming… war, death, destruction, and to a great extent could absolutely be the Armageddon.

You can follow Chris Greene at the AMTV web site, Facebook or the Greenewave blog.

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Financial Insider: “We Are Moving Into the Last Stages Before An All Out Collapse”

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With the United States having reached unprecedented levels of debt and no end in sight, Europe close to widespread destabilization, and Japan now having lost control of their bond market, it should be quite apparent that there is no turning back.

Governments around the world are doing everything in their power to maintain the perception that all is well. Despite their best efforts, however, the coming catastrophe cannot be stopped.

The following video and accompanying excerpt recorded on the Hagmann and Hagmann Report Nightly Radio Show features Steve Quayle and financial insider “V,” also known as the Guerrilla economist.

This is critical knowledge and foresight into what is happening, what the triggers for the next collapse will be, and how the world’s elite plan on making their exits.

You will never hear information like this from mainstream media sources until after the fact, if ever.

Be forearmed and forewarned, because as “V” notes, what’s coming will leave no one on this planet untouched.

Video excerpt produced by The Daily Sheeple with permission from The Hagmann and Hagmann Report

The collapse that’s going to occur here is going to be a trifecta of bonds, stocks and real estate combined.

The Fed over here has ordered – and I want everybody to listen because this is insider information – the Fed has ordered the U.S. pension funds to begin to acquire U.S. debt. That is coming down the pike, it’s going to start happening, the states are going to start carrying it in order to fatten up their books… So, we are moving into the last stages before an all out collapse.

That’s exactly where we’re headed.

Now the Rubicon has been crossed… the armies are surrounding the Capital itself.

Excerpt continued…

We’re at a very critical juncture, and that’s what’s got me freaked out the most. The Japanese have lost control and they don’t know what to do at this point. .. They’re telling the public “don’t worry, everything’s ok.”

That is a signs, folks, that they are panicking. That is a sign that everything is not OK… that there is a great fear and trepidation that has begun.

And when this thing goes bust, this is the trigger that’s going to bring this whole thing down.

We’re on the last leg for this whole storybook. Unfortunately, it’s not going to be a storybook ending. So we’re in the last few pages of a chapter that’s been written about a hundred years ago, and it’s soon coming to an end.

 Now the question becomes, what exactly are they going to do?

They’re going to bring this thing to a halt. They’re going to create economic turmoil and a crash. And then they’re going to sell the population on some sort of armed conflagration, some sort of a massive global war. 

That is typically the playbook of the globalists. That is typically what we see, a pattern that is repeated often.

A small scale controlled regional war is not going to fix the $1.5 Quadrillion derivative debt globally.

A small scale regional war is not going to fix the massive levels of unemployment in America, in Europe, in Japan…

It’s not going to fix the economic problems that have festered in much of the western world and parts of the world that utilize a western style of banking.

It’s not going to fix it this time.

This time they’re going to drag everybody in. This time there’s not going to be anybody who’s going to be unaffected.

Let me tell you right now. It is mathematically impossible to pull this back. It’s mathematically impossible.

You cannot recall this. 

Recorded May 24, 2013 (full interview here)

Video excerpt courtesy The Hagmann and Hagmann Report, Steve Quayle and The Guerrilla Economist

Delivered by The Daily Sheeple

DHS Source Warns: “World War About to Break Out… Will Kill Millions of People”

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Something is wrong. Very, very wrong.

Our economy is, as it has been for many years, on the brink of collapse. They may not have announced it officially just yet, but recent data suggest that we are most certainly in another recession (we may never have actually gotten out of the first one). While official statistics indicate there is very mild economic growth, the fact is that the growth is coming from monetary expansion driven by the Fed. As more money is slammed into the system prices rise, forcing consumers to pay more for everything from food to stocks. This, in the eyes of the government is growth. In reality, however 55% of America’s wealth has been vaporized in the last five years, a quarter of American households are on food stamps, and consumers are tapped out.

In the middle east, things are heating up, with Russia having deployed their Pacific Fleet to the region, and the US putting boots on the ground in Syria as recently as this week.

On the political front, we have the President of the United States, his administration and his subordinates at domestic intelligence agencies, the IRS, the Pentagon and the Justice Department embroiled in scandals and activities that have even their most ardent supporters questioning what is really going on behind closed doors.

Yes, something is wrong. But no one is talking – at least not in an official capacity.

Thus, we are left to connect the dots ourselves with the help of various sources made available through alternative media.

We certainly can’t expect government officials to openly admit that some very bad things have happened, are happening and will likely happen in the future. But there are those inside the halls of our most hallowed and respected institutions that risk their lives to get information out so that we can be prepared for what may well be coming down the pike.

We can downplay anonymous sources and pretend like this is all made up, or, we can simply look around and see what’s going on in the world and put two-and-two together.

A report filed in December of 2012 from a source operating inside of the Department of Homeland Security noted that there would be a massive hit to precious metals around the Spring of 2013. This drop in prices was to be a prime indicator that events would start accelerating. That slide in precious metals prices has happened – to the tune of over 25% in just a few months.

Now, with revelations that the Obama administration has been snooping on journalists, as well as millions of Americans, the same DHS source has revealed that his department has been actively preparing plans to deal with the coming calamity that can be described as nothing short of the ultimate global doomsday scenario.

With our national leadership involved in criminal behavior bordering on treason, there is a real possibility that a crisis, or crises, will be needed to take the focus off of 1600 Pennsylvania Ave and all of those involved in an agenda that has militarized our domestic police force, supplanted our most fundamental laws, and impoverished our fellow citizens.

Government officials are some of the dirtiest people on this planet – often concerned with only money, power and their personal advancement. So, it’s not too much of a stretch of the imagination to suggest that some of them will do whatever it takes maintain their positions.

The following report from the Northeast Intelligence Network is frightening, because it involves you, your family, and and everything you hold dear.

They are getting ready for some serious sh%t to hit the fan. You should be doing the same.

“If anyone thinks that what’s going on right now with all of this surveillance of American citizens is to fight some sort of foreign enemy, they’re delusional. If people think that this ‘scandal’ can’t get any worse, it will, hour by hour, day by day. This has the ability to bring down our national leadership, the administration and other senior elected officials working in collusion with this administration, both Republican and Democrats. People within the NSA, the Department of Justice, and others, they know who they are, need to come forth with the documentation of ‘policy and practice’ in their possession, disclose what they know, fight what’s going on, and just do their job. I have never seen anything like this, ever. The present administration is going after leakers, media sources, anyone and everyone who is even suspected of ‘betrayal.” That’s what they call it, ‘betrayal.’ Can you believe the size of their cahones? This administration considers anyone telling the truth about Benghazi, the IRS, hell, you name the issue, ‘betrayal,’” he said.

“We know all this already,” I stated. He looked at me, giving me a look like I’ve never seen, and actually pushed his finger into my chest. “You don’t know jack,” he said, “this is bigger than you can imagine, bigger than anyone can imagine. This administration is collecting names of sources, whistle blowers and their families, names of media sources and everybody they talk to and have talked to, and they already have a huge list. If you’re not working for MSNBC or CNN, you’re probably on that list. If you are a website owner with a brisk readership and a conservative bent, you’re on that list. It’s a political dissident list, not an enemy threat list,” he stated.

“What’s that exactly mean, being on that list, that is,” I asked, trying to make sense of it all.

“It means that there will be censorship under the color of authority of anyone in the U.S. who is attempting to expose what’s going on in our name. It’s about controlling any damning information from reaching epidemic proportions. It’s damage control to the extreme. It’s about the upcoming censorship of the internet in the name of national security. The plans are already in place. These latest reports about “spying eyes” have turned this administration and others connected to it into something very, very dangerous. They feel cornered and threatened, and I’m hearing about some plans they have to shut down the flow of information that is implicating them of wrongdoing. Time is short,” he stated.

“How are they going to do this? How is it even possible?” I asked.

“First, they intend to use the Justice Department to silence journalists like in the Rosen case, but they won’t stop there. They will use a host of national security policies, laws, letters, whatever to take out the bigger threats,” he stated.

Next, they will use some sort of excuse, an external threat, and I believe it will be a combination of the economic collapse and a Mid-East war that will begin in Syria to throttle the information that is accessible on the Internet. And you know what? People will believe it!”

Based on what I’ve seen, most of which I should not have seen, the DHS is co-ordinating efforts with other federal agencies to begin to threaten American citizens with incarceration for non-compliance. You know the old talk of color coded lists? Well, this is what they will be using. People exposing the truth about Benghazi, killing the U.S. Dollar, even those questioning Obama’s legal status and eligibility to be President are the current targets. And they’ve had five long years to get to this point. The ugly truth is that these policies and practices did not start under Obama, but long before. This is about the killing of our Constitutional Republic. The murder of our country and the stripping of our rights. While many have been preoccupied with one issue, few have seen the bigger issue. This is the ‘end game,’ for all the marbles,” he stated.

More to come

“Please,” pleaded my source, “get this information out while you can. Tell people what I’m saying, that we don’t have much time, that after the latest exposure of spying, Obama, Jarrett, Axelrod, and others, including members of Congress, have put their plans into high gear.

This is about the Marxist takeover of America. This is about our country being able to survive another July 4th holiday. This is about a world war about to break out that will kill millions of people, all because of the agenda of this administration.”

They are very dangerous and will do anything and everything to stop the onslaught of negative information that’s being reported by the main stream media. But only about one quarter of the real information is being reported. The other three quarters will be the game changer. But first, tell people what I’ve said. Let them know that more will follow but get this information out right now while the internet is still relatively free. Do it today.”

My source provided additional information, but I am abiding by his wish to get this much out. I am writing now to let people know that we are in for seriously dangerous times ahead.  Deadly times. War, and censorship under the color of authority and under the pretext of of national security. It’s about to get a lot uglier. Stay tuned.

(emphasis added)
Original report at Northeast Intelligence Network via Steve Quayle

We and others have been warning about the surveillance state for years. Look at today’s headlines. It’s now 100% confirmed. Up until this week most Americans didn’t believe it was possible.

We have also warned that the government had turned their security and policing apparatus not against foreign threats, but domestic ones. It should now be clear that you are the target.

Likewise, we and others have warned of the real possibility that this ends with a war that will change the very landscape of this planet. There should be no doubt that the chess pieces have already been positioned.

This IS coming. Maybe not tomorrow. Maybe not next month. But in our lifetimes we will see this manifest right before our eyes.

It’s been done throughout history. Government sponsored democide has taken the lives of hundreds of millions of people. For some it’s just a means to an end; nothing more than a statistic.

What makes you, I or our families any different than those who they came for before?

Source

Russian Leader Warns, “Get All Money Out Of Western Banks Now!”

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A Ministry of Foreign Affairs (MFA) “urgent bulletin” being sent to Embassies around the world today is advising both Russian citizens and companies to begin divesting their assets from Western banking and financial institutions “immediately” as Kremlin fears grow that both the European Union and United States are preparing for the largest theft of private wealth in modern history.

According to this “urgent bulletin,” this warning is being made at the behest of Prime Minister Medvedev who earlier warned against the Western banking systems actions against EU Member Cyprus by stating:

“All possible mistakes that could be made have been made by them, the measure that was proposed is of a confiscation nature, and unprecedented in its character. I can’t compare it with anything but … decisions made by Soviet authorities … when they didn’t think much about the savings of their population. But we are living in the 21st century, under market economic conditions. Everybody has been insisting that ownership rights should be respected.”

Medvedev’s statements echo those of President Putin who, likewise, warned about the EU’s unprecedented private asset grab in Cyprus calling it “unjust, unprofessional, and dangerous.

In our 17 March report “Europe Recoils In Shock After Bankster Raid, US Warned Is Next” we noted how Russian entities have €23-31 billion ($30-$40) in cross-border loans to Cypriot companies tied to Moscow, and €9 billion ($12 billion) on deposit with Cypriot banks [as compared to the €127 billion ($166 billion) being kept in similar circumstances by 60 of the United States largest corporations in offshore accounts to avoid paying American taxes] which are in danger of being confiscated by EU banksters.

Unbowed by the misery they have inflicted upon the entire continent, however, and in spite of Russian warnings, European Union officials hardened their stance against Cyprus today by announcing that if the Cypriot government did not allow the raiding of private bank accounts by Monday they would be forced to destroy their banks, which remain closed for the seventh straight day and have no signs of opening soon.

In an editorial agreeing with Russian leaders anger against the EU over Cyprus, Canada’s Globe and Mail News Service further writes:

“The parliament of Cyprus was right this week to reject a proposal to confiscate money from modest-sized bank deposits. The idea was a reductio ad absurdum of the euro zone’s policy on the sovereign debt of some of its member-countries.

It would be better for the government of Cyprus to default outright on some of its obligations rather than to seize part of the savings of the proverbial widows and orphans, as well as retirees or those approaching retirement – while purporting to levy a tax. This is especially true in a country that has deposit insurance for up to €100,000, in order to protect small savers.

Until a few years ago, Cyprus – which is really the ethnically Greek section of Cyprus, the Turkish section being a de facto protectorate of Turkey – had a fiscal surplus, but its close relationship to Greece resulted in a downturn when Greece fell into a severe recession. The government’s debt in itself is still manageable, but Cypriot banks have become shaky because of their loans to Greece.”

In the face of massive popular outrage, however, Cypriot MPs spectacularly voted earlier this week against the EU plan to steal their bank depositors money, thus leaving the Euro Zone reeling, a situation that was, in fact, created by European banksters who had forced Cyprus banks to lend money to nearly bankrupt Greece in the first place.

Even worse may be what is in store for the Americans, who on 31 January lost an unlimited US government guarantee that was granted on over $1.5 trillion of their bank deposits during the 2008 financial crisis to assure skittish customers that their cash was safe.

According to Kremlin sources, though, President Obama’s sudden visit to Israel this week, the first he has made since being elected in 2008, was to personally warn top Israelis of his regimes “plan” to begin confiscating his citizen’s bank deposits too.

Interesting to note is that the Obama regimes “master plan” to steal their citizen’s wealth that is no longer protected was detailed by the global management consulting giant, and the world’s leading advisor on business strategy, The Boston Consulting Group (BCG) who in their 2011 September report titled Collateral Damage: Back to Mesopotamia? The Threat of Debt Restructuring warned of the US governments plan confiscate up to 30% of not just the Americans people bank accounts, but also of their other wealth.

The highly respected Zero Hedge financial newsletter in commenting on this dire BCG report grimly stated:

“Denial. Denial is safe. Comforting. Religiously and relentlessly abused by politicians who don’t want nor can face reality. A word synonymous with “muddle through.” Ah yes, that “muddle through” which so many C-grade economists and pundits believe is the long-term status quo for the US and the world just because it worked for Japan for the past three decades, or, said otherwise, “just because.”

Well, too bad. As the following absolutely must read report, which comes not from some trader of dubious credibility interviewed by BBC, nor even from an impassioned executive from a doomed Italian bank, but from consultancy powerhouse Boston Consulting Group confirms, the “muddle through” is dead. And now it is time to face the facts.

What facts? The facts which state that between household, corporate and government debt, the developed world has $20 trillion in debt over and above the sustainable threshold by the definition of “stable” debt to GDP of 180%.

The facts according to which all attempts to eliminate the excess debt have failed, and for now even the Fed’s relentless pursuit of inflating our way out this insurmountable debt load have been for nothing.

The facts which state that the only way to resolve the massive debt load is through a global coordinated debt restructuring (which would, among other things, push all global banks into bankruptcy) which, when all is said and done, will have to be funded by the world’s financial asset holders: the middle-and upper-class, which, if BCS is right, have a ~30% one-time tax on all their assets to look forward to as the great mean reversion finally arrives and the world is set back on a viable path.

But not before the biggest episode of “transitory” pain, misery and suffering in the history of mankind. Good luck, politicians and holders of financial assets, you will need it because after Denial comes Anger, and only long after does Acceptance finally arrive.”

To the evidence that the masses of Americans or Europeans average citizens will begin protecting themselves against this apocalyptic outcome their remains little evidence as their so-called “mainstream” media continues to cover-up this coming catastrophe. But, and as Russia has now warned, the time for protecting oneself is fast running out, and the only survivors will be those who listened.

Source

China Builds Up Its Official Gold Reserves, Promotes Yuan as a Global Currency

China Says It Must Add To Gold Reserves To Promote Yuan Globalization

Back in September, when we provided the monthly observation on what has become a record year to date surge in Chinese imports of gold from Hong Kong, we reminded readers that “in December 2009, the China Youth Daily quoted State Council advisor Ji as saying that a team of experts from Beijing and Shanghai have set up a “task force” last year to consider growing China’s gold reserves. “We suggested that China’s gold reserves should reach 6,000 tons in the next 3-5 years and perhaps 10,000 tons in 8-10 years,” the paper quoted him.

Has China managed to accumulated 6,000 tons yet?

We won’t know for sure until the official disclosure which will come when China is ready and not a moment earlier, but at the current run-rate of accumulation which is just shy of 1,000 tons per year, it is certainly within the realm of possibilities that China is now the second largest holder of gold in the world, surpassing Germany’s 3,395 tons and second only to the US.”

Two days ago we showed that the relentless importing of gold in China continues, yet what has been missing is an update direct form the horse’s mouth how China feels toward gold (because we certainly know how it feels toward US Treasury paper). Today, we finally got one straight from Beijing, and that during a very carefully supervised time when the 18th Communist Congress is still in session, and every word out of China has profoundly telegraphic implications.

From Bloomberg:

• China needs to add to its gold reserves to ensure national economic and financial safety, promote yuan globalization and as a hedge against foreign-reserve risks, Gao Wei, an official from the Department of International Economic Affairs of Ministry of Foreign Affairs, writes in a commentary in the China Securities Journal today.
• While gold prices are currently near record highs, China can build its reserves by buying low and selling high amid the short-term volatility, Gao writes in newspaper
• China’s gold reserve is “too small”, Gao says“

And there it is: while many have speculated that China, which has not given an update of its official holdings in nearly 4 years, is quietly building up its gold reserve holdings behind the scenes, there was no reason to worry. The time to worry would be when China was starting to give indications it is prepared to tell the world what its true gold holdings are (by now certainly well over 1000 tonnes).

And the above piece from Wei is just that: because in saying very little, the Chinese official with a key political post has just given the first hint that China is preparing to give its official gold far greater focus. And from there, the time until China releases an IMF update on its official reserve holdings will be measured in days if not hours. Because all the gold will have long been accumulated.

And once that happens it will be too late to buy any incremental gold. Or tungsten.

Source

WWIII Within Days? Food-For-Guns Program Next, Says Informant

War drums beat in the Middle East and, now, the drums suddenly beat strongly between two Asian mights. That, on top of a global financial system on the brink of entering the slide to hyperinflation has many thoughtful analysts suggesting that the so-called ‘Illuminati’ are perpetrating the blatant insults and non-stop diplomatic faux pas directed at the Muslim world in an effort to instigate, what is likely to escalate into, WWIII.

As global leaders and their populous watch the plan by Western powers in the Middle East unfold, an effort to shape a narrative of an enemy initiating an attack as the explanation for the inevitable Armageddon economic fallout of a reckless dollar-based banking system gone afoul, along with a collapsing petrodollar system, is underway.

A collapsing dollar translates to unaffordable U.S. oil imports, ergo, a total collapse of the U.S. economy, ergo, massive civil unrest among heavily-armed citizens in the streets of America.

The telltale signs of impending war is on, and the White House wants American guns—the most difficult of all missions of the ‘globalist’.

As former Governor of Minnesota and ex-Navy Seal Jesse Ventura said in a CNN interview on Sept. 17, “All wars start with a false-flag attack.”

Picking up where Ventura left off, in the opening remarks of his Sept. 19 show, TruNews’ Rick Wiles delineates the recent series of events that lend much credence to Ventura’s professional military opinion of today’s geopolitical news. After all, Navy Seals, at times, are trained for, and become involved with, vital components of a false-flag attack mission.

Rick Wiles gives his global audience a rundown of recent events and paints a picture of impending war, too obvious to miss.

Mobs in China were reported carrying signs demanding the U.S. to pay back $1 trillion owed to the Chinese for decades of trade surpluses; Ambassador Gary Locke’s car was attacked by a mob of Chinese on Monday; protesters chanting ‘The Japanese are dogs’ in the streets of China; and a French newspaper published on Tuesday a highly controversial and insulting cartoon depicting the Muslim prophet Mohammad with a star affixed to his buttocks, with the caption, “A star is born.”

“Personally, I suspect the publication of the cartoons in a French magazine is part of a deliberate strategy by the Illuminati to spark the opening shots of WWIII,” says Wiles. “Nobody in his right mind would pour gasoline on a fire at this time.”

He adds, “Furthermore, I suspect the publication of the cartoons has given France a legitimate cover to evacuate their ambassadors and embassy personnel before the war starts, very soon.”

As a conservative Christian and daily radio host, Wiles, on the surface, appears as an unlikely source of critical information. But those steeped in the history of the Christian faith know that religious beliefs always trump the propaganda and inculcation efforts by the State. Therefore, it’s no surprise that other devout Christians who have attained high levels of security clearances and positions of authority leak information to Wiles, privately, off-air.As a self-described and arguably the most vocal ‘Watchman’ of the Christian faith, there’s little doubt that, while Wiles is watching the FBI, CIA and DHS, they are, indeed, watching him. Wiles has reported unexplainable technical problems at his studio following several whistle-blower guests.

As a self-described and arguably the most vocal ‘Watchman’ of the Christian faith, there’s little doubt that, while Wiles is watching the FBI, CIA and DHS, they are, indeed, watching him.  Wiles has reported unexplainable technical problems at his studio following several whistle-blower guests.

“This is out of control, now.  I .. . I have . . . I have been given . . . let me put it like this,” as Wiles carefully formulates his dialogue of fresh information told to him from his informants, “tidbits of important information have come my way in recent weeks from various sources that clearly <pause> it was divinely ordained by God that people that I know would [over]hear a conversation, be told to someone by somebody in a high-level position to know.  It’s been a number of things.”

Wiles continues to reveal other startling information told to him by another of his legion of informants.

“I’ll give you an example, we had Nathan Leal here a week or two ago,” says Wiles.  “Nathan was told by a person . . . I can’t give out the person’s position, but, he was at a party, in which, a person at that party . . . it was a birthday party for a family member . . . and that person was a retired U.S. government intelligence agency employee, who confided in Nathan’s friend that there will be a food shortage, and food will be offered in return for the surrender of firearms.

“There will be a food for guns exchange program.  And this person said, this is not a rumor, it’s not a conspiracy; I’ve seen the working documents for this plan.

“There’s been a steady flow [of information of this type].”

And yet another source, this one, unwitting.

“I’ll give our listeners another one, without giving out the source,” Wiles continues.  “I just so happened to be talking to someone who visited our office, somebody who lives here in Vero Beach, not Vero Beach, let’s say the Treasure Coast of Florida, who, not knowing what I do, what I say, what this program is about . . . but as the conversation changed, this person confided to me that her brother formally worked at the White House under a former administration at a very high level, and that he was telling her privately that many people in that former administration are concerned that Mr. Obama will not leave the White House, and that her brother is making private plans for his own protection and safety around the election.”

I’m getting information “almost daily” now; “we’re getting a picture that something ominous is underway, right now.”

Though the claim of calculated misinformation campaigns to dupe the American public seems more than a reasonable explanation for the large number of ‘leaks’ from informants at DHS, NSA, CIA, Pentagon and other arms of U.S. intelligence, an equally and more compelling explanation for the sudden increase in Wiles’ cadre of informants comes from the guest of the Sept. 19 broadcast, Aaron Brickman, a private investor and market cycles analyst.

“I suspect it will continue, continue exponentially as the days become more ominous and events pick up,” says Brickman.  “When they [White House and U.S. departments] are working behind the scenes year after year, they can keep a certain amount of secrecy [within] limited people in the loop, but as you get closer to the event, more people have to be brought in, and you get leaks like this.

77 Percent Of All Americans Live Paycheck To Paycheck At Least Part Of The Time

If a major economic crisis hit us right now, the vast majority of Americans would be extremely vulnerable.  According to a recent CareerBuilder survey, 40 percent of all Americans live paycheck to paycheck all of the time, and 77 percent of all Americans live paycheck to paycheck at least part of the time.  This is why there was such a problem with foreclosures during the last recession.  When millions of Americans suddenly lost their jobs many of them quickly found that they were unable to pay their mortgages because they had no financial cushions.  For decades, Americans have been trained that it is okay to get into debt up to their eyeballs and live paycheck to paycheck because times will always be good and jobs will always be easy to get.  Unfortunately, times have changed and many Americans do not realize that what has worked in the past is not going to work any longer.  Our economy is completely and totally falling apart, and economic success is no longer defined by whoever is able to accumulate the most toys.  In this economic environment you could lose your job at literally any moment.  Anyone that does not have a sizable emergency fund is flirting with disaster.

So how did we get here?

Why are 77 percent of all Americans living paycheck to paycheck at least part of the time?

Not Enough Jobs

Well, the truth is that the U.S. economy simply does not produce enough jobs anymore.

Everyone that wants a job is not going to be able to have one.

Many were hoping that once the last recession ended that we would see a huge rebound in the employment numbers but that has not happened.

In fact, the percentage of working age Americans that have a job is actually lower now than it was at the end of the last recession….

There are lots of reasons why this is happening.  One of them, of course, is that millions of jobs are being shipped out of the country.  When you consider how fast our jobs are being outsourced, it is actually a miracle that things in this country are not even worse.

When you total up all working age Americans that do not have a job in America today, it comes to more than 100 million.  Yes, many of them are parents that want to stay home with the kids or students that are enrolled in college, but still that is an absolutely staggering number.

And even the official unemployment numbers are starting to look quite gloomy again.

For example, the unemployment rate in New Jersey has risen to 9.8 percent, which is already higher than it was at any point during the last recession.

And if you do lose your job in this economic environment, it may be a long time before you are able to get another.  Today, the average duration of unemployment in the United States is nearly three times as long as it was back in the year 2000.

The Quality Of Our Jobs Is Declining

Not only is our economy not producing enough jobs for all of us, the quality of the jobs that are being produced continues to steadily decline.

At this point, only 24.6 percent of all jobs in the United States are good jobs.

That is a shocking figure.

The number of low paying jobs continues to increase, fewer jobs are offering health insurance and other benefits, and very few private sector jobs offer retirement benefits at this point.

In America today, one out of every four workers makes ten dollars an hour or less.

But you can’t support a family on 10 dollars an hour.

You can’t even come close.

Sadly, these low paying jobs continue to become a larger part of our economy.

30 years ago, less than 30% of all jobs in the United States were low income jobs.

Today, more than 40% of all jobs in the United States are low income jobs.

That is the wrong direction.

And those just entering the workforce are being hurt the worst.

As I wrote about a while back, approximately 53 percent of all U.S. college graduates under the age of 25 were either unemployed or underemployed last year.

Ouch.

Declining Wealth

As the quality of the jobs goes down, so does the wealth of average American families.

Back in 2007, 19.2 percent of all American families had a net worth of zero or less than zero.

By 2010, that figure had risen to 32.5 percent.

And when you look at median net worth, it also tells a story of declining wealth for American families.

According to the Federal Reserve, the median net worth of American families dropped “from $126,400 in 2007 to $77,300 in 2010“.

Rising Poverty

Needless to say, the middle class in America is being shredded.

Millions are dropping out of the middle class every single year.

So what is happening to them?

Well, they are joining the ranks of the poor and are becoming dependent on the government.

If you can believe it, right now more than 100 million Americans are enrolled in at least one welfare program run by the federal government.

Yes, that is actually true.

Remember, more than 46 million Americans are enrolled in the food stamp program right now and more than 54 million Americans are enrolled in Medicaid.

And those are just 2 of the almost 80 different “means-tested welfare programs” that the federal government runs.

An Increasingly Angry Population

It turns out that most Americans don’t like to be poor.

In fact, most Americans are desperately wanting things to go back to the way they used to be in this country.

The American people are steaming mad right now, and a whole host of recent polls and surveys have shown this.

For example, at this point Congress only has a 10 percent approval rating.  That matches an all-time low set earlier this year.

That is a crazy number.

And most Americans expect the economy to continue to decline.  According to a recent Gallup survey, 61 percent of all Americans believe that the U.S. economy is getting even worse.

But what can the U.S. government do?

It is already spending more than a trillion dollars more than it brings in.

We are stealing billions of dollars from our children and our grandchildren every single day and yet that is still not enough to get our economy going again.

We are now basically 16 trillion dollars in debt, and our debt is now more than 37 times larger than it was when Nixon took us off the gold standard.

We desperately need to change course, but neither major political party has any intention of doing that.

So we are headed for disaster.

The following is what renowned investor Jim Rogers had to say during a recent interview….

As far as I’m concerned, the election is irrelevant. One [candidate] happens to be from Boston and one from Chicago, and whoever wins, their friends are going to do well, but other than that America is not going to do well. There’s very little difference in any of these guys. None of them understands the problem. These are the guys that got us into trouble. You expect them to get us out?

And he is right.

We are living in the greatest debt bubble in the history of the world and we are suffering from a complete and total lack of leadership at the top.

Recently, a team of top economists and analysts carefully studied the global economic system, and what this team of experts discovered is quite chilling….

And according to these experts – who have presented their findings to the United Nations, the UK Parliament and a long list of world governments – the catastrophe may happen well before Americans hit the polls in November.

“What this pattern represents is a dangerous countdown clock that’s quickly approaching zero,” said Keith Fitz-Gerald, the Chief Investment Strategist for the Money Map Press, who predicted the 2008 oil shock, the credit default swap crisis that helped bring about the recession, and the Greek and European fiscal catastrophe that is still wreaking havoc until this day.

“The resulting chaos is going to crush Americans.”

Other members of the team were extremely alarmed by what was discovered as well….

Another member of this team, Chris Martenson, a global economic trend forecaster, former VP of a Fortune 300, and an internationally recognized expert on the dangers of exponential growth in the economy, explained their findings further:

“We found an identical pattern in our debt, total credit market, and money supply that guarantees they’re going to fail,” Martenson said. “This pattern is nearly the same as in any pyramid scheme, one that escalates exponentially fast before it collapses. Governments around the globe are chiefly responsible.”

“And what’s really disturbing about these findings is that the pattern isn’t limited to our economy. We found the same catastrophic pattern in our energy, food, and water systems as well.”

Most Americans do not realize this, but we are heading for an economic disaster of unprecedented proportions.

It is going to be extremely painful and it is going to shake millions of Americans to the core.

Get ready while you still can, because time is running out.

By iamisatthedoors Posted in Economy