Monthly Archives: March 2014

Karen Hudes: Whistle-Blower Or Deceiver?

 

March 11, 2014 in News by RBN

Introduction:

With the enormous growth of the world Internet, many eminent people nowadays deliberately try to hide much of their biographical, business, family and relationship details from others, because if many of these secret details, especially if they contradict the image the person publicly represents , were accessible  by the public much of this information could portray them in an entirely different light. Karen Hudes is one of these such people.

Initially, I had great difficulty in finding out much about her other than the extremely sparse detail she has publicly volunteered to reveal about herself. Unfortunately, to succeed in pulling the wool over everybody’s eyes for an extended period you either have to be a great liar or have to be extremely meticulous in what you do. As a lawyer, and as we know all lawyers are simply highly paid liars, Mrs Hudes misses out on that one. And as far as being meticulous, she falls short on that one two.  It was hard work, but how I initially found out much more about her and her husband was through property transaction records, home sales and real estate listings in Washington D.C. posted on the Internet. It was through these records that I found out her husband’s real name which is different to her own! These property transaction records with a Google-earth view of her and her husband’s home at 5203 Falmouth Road, Westmorelan Hills, Bethesda, MD, an upmarket suburb out of Washington DC, can be viewed here: http://dc.blockshopper.com/property/7-048-00546615/5214_falmouth_road/  These records show the property was purchased by; Karen Hudes (Revocable Trust) and Barry Alexander Spergel (Trustee) and Barry Alexander Spergel (Revocable Trust) and Karen Hudes Spergel (Trustee) on June 3, 2010. From these details revealing her and her husband’s true name a whole new picture was created.

The Facts:

Here are some of Karen Hudes’s YouTube video clips:

http://republicbroadcasting.org/karen-hudes-whistle-blower-or-deceiver/

Both Karen and her husband are Marxist  Jews. They have a daughter, Elizabeth (about age 21). Karen is very careful never to reveal anything about her Ashkenazi Jewish background, family, private interests. Karen worked for the World Bank, controlled by Jews, as a senior lawyer for many years and her husband has also worked for the World Bank as well. So how come, all of a sudden, she leaves the World Bank to become a “whistle-blower” exposing corruption at the the World Bank, IMF, Federal Reserve, US Justice system and US government? – attacking her own  fellow Jews? – it simply doesn’t make sense does it?  The real truth is she is a Jewish ‘disinformation agent’ or ambassador of the bankers themselves working for the British. What she is saying is briefly this: “I am here to forewarn you all that the old, out-dated, corrupt, Bretton Woods banking system has had its day, and is about to be replaced with a new world order financial system and World Currency Unit.” It is really as simple as that.

Barry Spergel, her husband, was born on 23 May, 1952, and is an Environment Financing Consultant and international lawyer with his office at home. Amongst his many positions, he has helped design environmental funds in more than 25 countries, including drafting up legal documents, operations manuals, grant-making procedures, investment policies, and fundraising strategies. HE has also negotiated Debt-for-Nature swaps for the World Bank.  He has written global forestry laws and environmental protection laws; and designed new environmental taxes and user fees (user fees which will soon be introduced all around the world for the public to access their own privatized, UN-controlled national parks!!!!) and PES and REDD. He has also helped design and evaluate many projects for GEF, the World Bank, the United Nations Development Program (UNDP), KFW, AFD, USAID, WWF, CI, TNC, IUCN etc.

Barry Spergel attended Yale Law School 1975-1978, which Karen Hudes also attended, and it is presumed that is where they first met and subsequently he became Karen’s husband. Karen was born in 1948.

Barry Spergel was Senior Legal Counsel and Director for Conservation Finance at the World Wide Fund for Nature (WWF) USA based at 1250 24th Street, NW Washington, DC, from 1989 to 2003, a very long time! The WWF was founded on 29 April 1961 by Prince Bernhard of the Netherlands, with five others including Julian Huxley and Godfrey A. Rockefeller (all eugenicists). Today the WWF is based in Switzerland, has HRH The duke of Edinburgh as its president Emeritus, has revenues of over 525 million euros, has over 5 million supporters worldwide, is the world’s largest conservation organization, and derives approximately 57% of its funding from individuals and bequests, 17% from the World Bank, DFID, and USAID, and 11% from corporations. Karen Hudes, his wife, interestingly,  was a Senior Legal Counsel at the World Bank. Both the  WWF (USA) and World Bank work together, and indirectly are controlled by City of London Jews with the British Monarchy at the head.

Mr. Spergel has worked with Michael Rothschild of the Walton Family Foundation on the Forever Costa Rica Project, the first such program in a developing country to permanently meet the UN Global Protected-Area Goals. He is involved with the 2013-2017 Mediterranean MPA Network Strategy to introduce UN-mandated Marine Protected Areas in the Mediterranean. http://www.medmpaforum2012.org/en/partenaires  He has developed the Practice Standards for Conservation Trust Funds for the Conservation Finance Alliance (CFA) http://conservationfinance.org/news.php?id=185

Above all,Barry Spergel has personally written the UN/World Bank/IMF global plan for global ‘Conservation Finance’ called Limitations and Opportunities for financing protected areas all around the world – through World Bank/IMF bilateral debt reduction for biodiversity conservation swaps, debt-for-nature swaps, introducing new property tax surcharges to pay for conservation land acquisition, greatly increasing visitor fees to conservation areas etc. This involves massively increasing the current global spending of $6 billion per year to $45 billion per year. You can read his presentation about his plans here: http://www.authorstream.com/Presentation/Saxaphone-8300-ESSD-Roundtable-G-Finance-II-Barry-Spergel-PPT-CONSERVATION-FINANCE-Global-Cost-Biodiversity-Conservation-Macroeconomic-Solution-3-Approach-ppt-powerpoint/

We remember, in 1987, at the 4th World Wilderness Congress held  in Denver Colorado, (the now late) Edmund de Rothschild set up the World Conservation Bank. The outstanding author and speaker, George W. Hunt (some of his video material is still on Youtube), who attended the Congress, later explained how it (or an equivalent organization to it in the future) was to be used as the final decoupling mechanism to take over the entire assets of the collapsed banks of the world during a global crisis, by providing a new world financial system and global currency called the “world conservation earth dollar” (or something like it) issued against the collateral of 34% of the entire earth’s surface that has been transferred into UN Conservation Parks and Biodiversity zones. Our own country here in New Zealand has long been completed.

Its all a very clever, ingenius, evil, cunning, Marxist, British Socialist plot to take over the world, and I regret to say, both Karen Hudes and Barry Spergel are, right now, a very nasty and integral part of it.

Russian-Ukrainian news site describes transfer of Ukrainian gold to U.S.

 

By: Chris Powell, Secretary/Treasurer, GATA

— Posted Tuesday, 11 March  2014 

Dear Friend of GATA and Gold:

The Russian-language and pro-Russian Internet news organization, Iskra (“Spark”) News in Zaporozhye, eastern Ukraine, which perhaps has taken its name from the early socialist newspaper founded by Lenin —

http://en.wikipedia.org/wiki/Iskra

— reported Friday that Ukraine’s gold reserves had been hasily airlifted to the United States from Borispol Airport just east of Kiev.

A Google-assisted translation is appended.

GATA tonight asked the Federal Reserve Bank of New York and the U.S. State Department to disclose whether the United States has taken custody of Ukraine’s gold reserves. A publicist for the New York Fed immediately acknowledged the inquiry and said he would look into the issue right away. We’ll keep you posted.

CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc.

* * *

From Iskra News Zaporozhye, Ukraine Friday, March 7, 2014

http://iskra-news.info/news/segodnja_nochju_iz_borispolja_v_ssha_strarto…

At 2 a.m. this morning an unmarked transport plane was on the runway at Borispol Airport. According to airport staff, before the plane came to the airport, four trucks and two Volkswagen minibuses arrived, all the truck license plates missing.

Fifteen people in black uniforms, masks, and body armor stepped out, some armed with machine guns. They loaded the plane with more than 40 heavy boxes.

After that a mysterious men arrived and entered the plane.

All loading was done in a hurry.

The plane took off on an emergency basis.

Those who saw this mysterious special operation immediately notified the airport officials, who told the callers not to meddle in other people’s affairs.

Later a returned call from a senior official of the former Ministry of Income and Fees reported that tonight, on the orders of one of the new leaders of Ukraine, the United States had taken custody of all the gold reserves in Ukraine.

source:    http://news.goldseek.com/GATA/1394546580.php

 

This interview from another source, Kingworldnews.com,  link below

Eric King:  “Whether the United States is taking down Saddam Hussein in Iraq, or Muammar Gaddafi in Libya, there always seems to be gold at the end of the rainbow, which the U.S. then appropriates.”

 Kaye:  “That’s a good point, Eric.  The United States installed a former banker in Ukraine who is very friendly to the West.  He is also a guy with central bank experience.  This would have been his first major decision to transport that gold out of Ukraine to the United States.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/3/10_Did_Ukraine_Just_Airlift_Its_Entire_Gold_Hoard_To_The_U.S._Fed.html

A little clarity for the “subject”

 

Occasnl Trvlr says:

“Level Playing Field” & “Debt Jubilee”

Considering the temporal realm, what does “wealth” consist of?  For anyone answering something like “lots of cash,” or “money in the bank,” thanks for playing, and you get no consolation prize.  I doubt that very few, if any, readers of WHA’s blog would have given such an answer;  we see through the false promises of fiat currency.

Gold, silver, energy (oil and gas), farmland, real estate, water rights, mineral ores, machinery, patents;  these are better measures of, and stores of, actual (temporal) wealth.

Let’s look at gold as an example.  (I’m going to play a little fast and loose with the numbers, but they’ll be close enough to make the point.)  The amount of gold known to have come from the Earth is somewhere in the neighborhood of 150,000 tonnes.  So let’s start with that, throw in the 170,500 tonnes that Karen Hudes talks about, and then just for fun, let’s throw in another 50,000 tonnes.  That would give us a wholly-unprovable, generously-high, world-wide estimate of a total of 370,500 tonnes.

Now, let’s level the playing field.  Given the estimate of some 7.2 billion of us on Earth, we each end up with about 1 and 2/3′s troy ounces of gold.  I would be delighted to receive 1 and 2/3′s ounces of gold;  it is nothing to sneeze at.  But I daresay, I don’t see that as a life-changing windfall for most people living in the developed economies.

The same is true of any measure of actual wealth or value:  all of it (including generous estimates of any hidden wealth), spread out throughout a truly level playing-field, doesn’t add up to a life-changing windfall for anyone except the world’s desperately poor.  And, remember, for such a theoretical exercise as I did above, the assets aren’t added to what each person already owns;  everyone who owns anything loses everything first, so that everything can be evenly redistributed.

Want to go a step further, and disannul all debts through a debt jubilee?  Keep in mind, in this cursed fiat-currency world we live in, every unit of currency that is anyone’s asset is someone else’s liability.  Any “money” anyone has saved in a pension, IRA, bank account, savings for education, or stuffed in the mattress, instantly becomes worthless.  It’s axiomatic, currency cannot exist without debt:  relieving everyone of their debt would dissolve the underlying obligation behind every existing unit of currency.

Thinking that a “level playing field” or a “debt jubilee” is in order?  Everyone should be fully aware of what they are hoping for.

Thank you, WHA, for the blog!

JPMorgan whistleblower gets $63.9 million in mortgage fraud deal

 

Finally, A whistle blower who lived to tell about it.

By Jonathan Stempel

Fri Mar 7, 2014 3:48pm EST

(Reuters) – A whistleblower will be paid $63.9 million for providing tips that led to JPMorgan Chase & Co’s agreement to pay $614 million and tighten oversight to resolve charges that it defrauded the government into insuring flawed home loans.

The payment to the whistleblower, Keith Edwards, was disclosed on Friday in a filing with the U.S. district court in Manhattan that formally ended the case.

In the February 4 settlement, JPMorgan admitted that for more than a decade it submitted thousands of mortgages for insurance by the Federal Housing Administration or the Department of Veterans Affairs that did not qualify for government guarantees.

JPMorgan also admitted that it had failed to tell the agencies that its own internal reviews had turned up problems.

The government said it ultimately had to cover millions of dollars of losses after some of the bank’s loans went sour, resulting in evictions and foreclosures nationwide.

“There were a lot of bad loans made during the financial boom, and the United States taxpayer was left holding the bag through the VA and FHA loan programs,” Edwards’ lawyer, David Wasinger, said in a phone interview. “Hopefully the settlement sends a message to Wall Street that this conduct is not allowed, and that in the future it will be held accountable.”

Edwards could not immediately be reached for comment.

About $56.5 million of Edwards’ award concerns the FHA portion of the case, and $7.4 million concerns the VA portion.

Wasinger declined to discuss his legal fees.

Edwards, a Louisiana resident, had worked for JPMorgan or its predecessors from 2003 to 2008, and had been an assistant vice president supervising a government insuring unit.

He originally sued in January 2013 under the federal False Claims Act, which lets individuals sue government contractors and suppliers for allegedly defrauding taxpayers. The U.S. Department of Justice later joined as a plaintiff.

Whistleblowers can recover portions of False Claims Act settlements, which often grow if the government gets involved.

Wasinger also represented Edward O’Donnell, whose tips led to an October 2013 jury finding that Bank of America Corp was liable for fraud over defective mortgages sold by its Countrywide unit. The government is seeking $2.1 billion of penalties in that case.

Citigroup Inc, Deutsche Bank AG and Flagstar Bancorp Inc were among lenders that settled False Claims Act mortgage cases in recent years.

The Justice Department in December said it had paid out roughly $1.98 billion of whistleblower awards from 2009 to 2013.

The case is U.S. ex rel. Edwards v. JPMorgan Chase Bank NA et al, U.S. District Court, Southern District of New York, No. 13-00220.

(Reporting by Jonathan Stempel in New York; Editing by Phil Berlowitz and Amanda Kwan)

Source:  http://www.reuters.com/article/2014/03/07/us-jpmorgan-whistleblower-idUSBREA261HM20140307

Markets hold breath as China’s shadow banking grinds to a halt

 

Ambrose Evans-Pritchard

By

7:47PM GMT 10 Mar 2014

Fresh loans in China’s shadow banking system evaporated to almost nothing from   $160bn in January

A slew of shockingly weak data from China and Japan has led to a sharp   sell-off in Asian stock markets and the biggest one-day crash in iron ore   prices since the Lehman crisis, calling into question the strength of the   global recovery. 

The Shanghai Composite index of stocks fell below the key level of 2,000 after   investors reacted with shock to an 18pc slump in Chinese exports in February   and to signs that credit is wilting again. Iron ore fell 8.3pc. 

Fresh loans in China’s shadow banking system evaporated to almost nothing from   $160bn in January, suggesting the clampdown on the $8 trillion sector is   biting hard. 

“It seems that rising default risk has started to erode Chinese investors’    confidence,” said Wei Yao, from Societe Generale. “Together with continued   regulatory tightening on banks’ off-balance-sheet activity, we are certain   this slowing credit trend has further to go and will inflict real pain on   the economy.”

Japan’s economy is losing steam as the monetary stimulus from “Abenomics”    wears off and the country braces itself for a rise in the consumption tax   from 5pc to 8pc. Economic growth slumped from 4pc in early 2013 to 0.7pc in   the fourth quarter, while the country racked up a record trade deficit.

The Economy Watchers Survey saw the steepest drop last month since the March   2011 tsunami and is now lower than when Abenomics began. Marcel Thieliant,   from Capital Economics, said Japan faces a “sharp slowdown”. 

The renewed jitters in China come after the authorities allowed solar company   Chaori to default last week, the first ever failure in the country’s   domestic bond market. The episode is a litmus test of President Xi Jinping’s   new regime of market discipline, though the central bank has been careful to   cushion the blow by engineering a fall in interbank interest rates. “Such   adjustments are necessary for China in the long run, but are nothing if not   risky in the short term,” said Ms Wei. 

It is extremely hard to calibrate a soft landing of this kind, and the sheer   scale of China’s credit boom now makes it a global headache. China accounts   for half of all the $30 trillion increase in world debt over the past five   years. 

Zhiwei Zhang, from Nomura, said the central bank will be forced to loosen   monetary policy this year with repeated cuts in the reserve asset ratio to   head off a deeper slowdown. 

Nomura said China’s $23bn trade deficit in February masks capital outflows,   while data was in any case distorted by the Chinese New Year. 

Even so, there are signs that deflationary forces are taking hold in China.   Producer prices (PPI) fell by 2pc in February from a year earlier. Haibin   Zhu, from JP Morgan, said it is “disturbing” the PPI index has been negative   since November, a sign that China is struggling to cope with excess   manufacturing plant. 

China invested $5 trillion last year, as much as the US and Europe combined.   There are already signs that the country is trying to export its   over-capacity overseas by pushing down the yuan. If this amounts to a   competitive devaluation policy, it risks sending a fresh deflationary   impulse across the globe.

http://www.telegraph.co.uk/finance/china-business/10688667/Markets-hold-breath-as-Chinas-shadow-banking-grinds-to-a-halt.html

LOL Danish TV take the piss right out of Obama short vid clip

 

LOL Danish TV take the piss right out of Obama short vid clip

Posted By: Susoni [Send E-Mail] Date: Tuesday, 11-Mar-2014 11:32:43

Late night TV shows have nothing on Norwegian TV, when exposing his speech patterns …

 

https://www.youtube.com/watch?feature=player_detailpage&v=MpKgL34EjaA

Tracking chemtrail flights

 

 

Dear Andy,  

  Here’s a video by someone who has discovered the area on the FAA’s registry website, who was able to find a fleet of aircraft, which are unquestionably and officially dedicated to weather modification, according to the FAA’s own website – and by the name of the operator of the fleet, itself.
You can track these planes which are solely dedicated to the spraying of chemtrails by first googling ‘FAA “N” Numbers.’ When you arrive on that page, which is one of the top results, click on “Name,” on the left hand menu, which, directs you to a page with an empty field.
When you input the words “weather mod”, as the narrator does, it reveals a list of aircraft produced by Cessna, Piper and Lockheed, etc. which appear to all be owned by a corporation called “Weather Modification, Inc.”, with most of these planes either departing from or arriving to Hector International Airport, in Fargo, North Dakota.
Drilling down further, the narrator says that by copying the numbers in the far left column of the FAA page and adding an “N” to the front of the numbers listed and then entering that “N” number to the search field on a separate website called Flightaware.com, on the left, down toward the middle of the page, the field called “Track Flight” (BY TAIL#), you will be directed to the latest trajectory of that particular plane.
I found the most recent flight of the plane he demoed in this video and found only a very prosaic direct flight, 3/4 of the way across the State of North Dakota, with no suspicious, chemtrail-y loops.
So then, I decided to go for the gold and tried to check the trajectory of the Raytheon craft number B200 – but my result on Flightaware.com was: “This aircraft (N840U) is not available for public tracking per request from the owner/operator.”
As for the Lockheed jet listed under Weather Modification, Inc., the result was: “FlightAware couldn’t find flight tracking data for N57496 just yet.”
So I tried once again, with a very lowly Cessna, with the oldest serial number in the fleet. Once again, it showed a very prosaic, direct flight from Hector Airport to Litchfield Airport in Minnesota.
It could be that with the North Pole, now newly- located in that area, there is little need for chemtrailing this week!   In his case, the function of the flight he chose was readily demonstrated by its loopy flight pattern of and by characteristics in their flight itineraries.
Anyway, you can try this for yourselves, now! You might have better luck when the weather warms up.

(Video: under 3 mins): 
 
– Alexandra 
 

P.S. Please share Forbidden Knowledge TV emails
and videos with your friends and colleagues  
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That’s how we grow. Thanks.

We Are In FAR Worse Shape Than We Were Just Prior To The Last Great Financial Crisis

 

Source: Michael Snyder, BLN Contributor

Crushed Car By UCFFool
None of the problems that caused the last financial crisis have been fixed.  In fact, they have all gotten worse.  The total amount of debt in the world has grown by more than 40 percent since 2007, the too big to fail banks have gotten 37 percent larger, and the colossal derivatives bubble has spiraled so far out of control that the only thing left to do is to watch the spectacular crash landing that is inevitably coming.  Unfortunately, most people do not know the information that I am about to share with you in this article.  Most people just assume that the politicians and the central banks have fixed the issues that caused the last great financial crisis.  But the truth is that we are in far worse shapethan we were back then.  When this financial bubble finally bursts, the devastation that we will witness is likely to be absolutely catastrophic.

Too Much Debt

One of the biggest financial problems that the world is facing is that there is simply way too much debt.  Never before in world history has there ever been a debt binge anything like this.

You would have thought that we would have learned our lesson from 2008 and would have started to reduce debt levels.

Instead, we pushed the accelerator to the floor.

It is hard to believe that this could possibly be true, but according to the Bank for International Settlements the total amount of debt in the world has increased by more than 40 percent since 2007…

The amount of debt globally has soared more than 40 percent to $100 trillion since the first signs of the financial crisis as governments borrowed to pull their economies out of recession and companies took advantage of record low interest rates, according to the Bank for International Settlements.

The $30 trillion increase from $70 trillion between mid-2007 and mid-2013 compares with a $3.86 trillion decline in the value of equities to $53.8 trillion in the same period, according to data compiled by Bloomberg. The jump in debt as measured by the Basel, Switzerland-based BIS in its quarterly review is almost twice the U.S.’s gross domestic product.

That is a recipe for utter disaster, and yet we can’t seem to help ourselves.

And of course the U.S. government is the largest offender.

Back in September 2008, the U.S. national debt was sitting at a total of 10.02 trillion dollars.

As I write this, it is now sitting at a total of 17.49 trillion dollars.

Is there anyone out there that can possibly conceive of a way that this ends other than badly?

Too Big To Fail Is Now Bigger Than Ever

During the last great financial crisis we were also told that one of our biggest problems was the fact that we had banks that were “too big to fail”.

Well, guess what?

Those banks are now much larger than they were back then.  In fact, the six largest banks in the United States (JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley) have collectively gotten 37 percent larger since the last financial crisis.

Meanwhile, 1,400 smaller banks have gone out of business during that time frame, and only one new bank has been started in the United States in the last three years.

So the problem of “too big to fail” is now much worse than it was back in 2008.

The following are some more statistics about our “too big to fail” problem that come from a previous article

-The U.S. banking system has 14.4 trillion dollars in total assets.  The six largest banks now account for 67 percent of those assets and all of the other banks account for only 33 percent of those assets.

-Approximately 1,400 smaller banks have disappeared over the past five years.

-JPMorgan Chase is roughly the size of the entire British economy.

-The four largest banks have more than a million employees combined.

-The five largest banks account for 42 percent of all loans in the United States.

-Bank of America accounts for about a third of all business loans all by itself.

-Wells Fargo accounts for about one quarter of all mortgage loans all by itself.

-About 12 percent of all cash in the United States is held in the vaults of JPMorgan Chase.

The Derivatives Bubble

Most people simply do not understand that over the past couple of decades Wall Street has been transformed into the largest and wildest casino on the entire planet.

Nobody knows for sure how large the global derivatives bubble is at this point, because derivatives trading is lightly regulated compared to other types of trading.  But everyone agrees that it is absolutely massive.  Estimates range from $600 trillion to $1.5 quadrillion.

And what we do know is that four of the too big to fail banks each have total exposure to derivatives that is in excess of $40 trillion.

The numbers posted below may look similar to numbers that I have included in articles in the past, but for this article I have updated them with the very latest numbers from the U.S. government.  Since the last time that I wrote about this, these numbers have gotten even worse…

JPMorgan Chase

Total Assets: $1,989,875,000,000 (nearly 2 trillion dollars)

Total Exposure To Derivatives: $71,810,058,000,000 (more than 71 trillion dollars)

Citibank

Total Assets: $1,344,751,000,000 (a bit more than 1.3 trillion dollars)

Total Exposure To Derivatives: $62,963,116,000,000 (more than 62 trillion dollars)

Bank Of America

Total Assets: $1,438,859,000,000 (a bit more than 1.4 trillion dollars)

Total Exposure To Derivatives: $41,386,713,000,000 (more than 41 trillion dollars)

Goldman Sachs

Total Assets: $111,117,000,000 (just a shade over 111 billion dollars – yes, you read that correctly)

Total Exposure To Derivatives: $47,467,154,000,000 (more than 47 trillion dollars)

During the coming derivatives crisis, several of those banks could fail simultaneously.

If that happened, it would be an understatement to say that we would be facing an “economic collapse”.

Credit would totally freeze up, nobody would be able to get loans, and economic activity would grind to a standstill.

It is absolutely inexcusable how reckless these big banks have been.

Just look at those numbers for Goldman Sachs again.

Goldman Sachs has total assets worth approximately 111 billion dollars (billion with a little “b”), but they have more than 47 trillion dollars of total exposure to derivatives.

That means that the total exposure that Goldman Sachs has to derivatives contracts is more than 427 times greater than their total assets.

I don’t know why more people aren’t writing about this.

This is utter insanity.

During the next great financial crisis, it is very likely that the rest of the planet is going to lose faith in the current global financial system that is based on the U.S. dollar and on U.S. debt.

When that day arrives, and the U.S. dollar loses reserve currency status, the shift in our standard of living is going to be dramatic.  Just consider what Marin Katusa of Casey Research had to say the other day

It will be shocking for the average American… if the petro dollar dies and the U.S. loses its reserve currency status in the world there will be no middle class.

The middle class and the low class… wow… what a game changer. Your cost of living will quadruple.

The debt-fueled prosperity that we are enjoying now will not last forever.  A day of reckoning is fast approaching, and most Americans will not be able to handle the very difficult adjustments that they will be forced to make.  Here is some more from Marin Katusa…

Imagine this… take a country like Croatia… the average worker with a university degree makes about 1200 Euros a month. He spends a third of that, after tax, on keeping his house warm and filling up his gas tank to get to work and get back from work.

In North America, we don’t make $1200 a month, and we don’t spend a third of our paycheck on keeping our house warm and driving to work… so, the cost of living… food will triple… heat, electricity, everything subsidized by the government will triple overnight… and it will only get worse even if you can get the services.

All of this could have been prevented if we had done things the right way.

Unfortunately, we didn’t learn any of the lessons that we should have learned from the last financial crisis, and our politicians and the central banks have just continued to do the same things that they have always done.

So now we all get to pay the price.

The Shifting Economic Singularity

 

By JC Collins

US Singularity

It appears Russia will not back down on their position in the Ukraine and the end game is fast approaching.  Many of my readers sent the following link yesterday:

http://www.reuters.com/article/2014/03/06/us-imf-reforms-idUSBREA251IN20140306

If you haven’t read that article yet I suggest you do.  Its telling us that the G20 countries will implement the IMF 2010 Reforms without the US if Congress doesn’t pass the required legislation by April.

 

“It was agreed that in the absence of progress by the United States on the 2010 package by the April meeting of the IMF and G20, that there will be formulated a list of ‘bad options,’ which will allow to move forward in this matter, excluding the opinions of the United States.”

Congress for its part is attempting to attach the reforms to the Ukrainian aid package which will be put before the Senate next Tuesday.  But if they are waiting for any concessions from Russia before passing it, I don’t think those concessions will be forthcoming.

The United States has found itself in the position where it has no other move but to attempt sanctions which will back fire, escalate military conflict, or accept that the economic reality has shifted away from the dollar reserve status and towards a more centralized and balanced system.

The 2010 Code of Reforms act as the singularity for the economic shift or transition from dollars to SDR’s with sovereign debt restructuring through the International Monetary Fund.

Its understood that America is attempting to secure its interests around the world before willingly agreeing to the dollars status change.  Unfortunately it cannot control all energy hubs and strategic borders without the ability to fund a large military machine with over 800 bases around the world.

Without the ability to print endless  money and export the inevitable inflation, the US will have to constrict the scope of its international ambitions.  In fact, without the reserve currency status, those ambitions will become irrelevant for the most part.

We have continued to state that its either consolidation of sovereign debt and currency reset through a centralized SDR system or collapse of the old system.

Based on the stance of the G20, being pushed no doubt by Russia and China,  the world is ready and prepared to  by-pass the dollar and allow the collapse of the American currency and stock market.

Predictions are being made that 2014 could see a 50% drop in the stock market.  This would obviously be a direct effect of a 50% devaluation of the dollar in the event the IMF Code of Reforms are not implemented.

The pressure on Congress, and White House administration, as well as American banks and industry must be huge.   Its this industry and banking sector which is being represented in Congress by way of delays in implementing the IMF reforms.

The consequences for middle and lower class Americans will be devastating if Congress doesn’t willingly pass the legislation and allow their sovereign debt to be restructured.  The currency will collapse and treasuries will be dumped.  The US will default as the QE policy of monetizing their own debt will inevitably fail as the dollar loses its reserve currency status and decades of exported inflation floods back to American shores.

The game behind the scenes is playing out very quietly in spite of the distraction taking place on the large stage.  The US cannot have it be known that they willingly signed off on what will mean a reduced influence and power structure for the dollar.  Military positioning is likely for show only as the sun sets on American economic and military control.  Just like it did on the British over 70 years ago.

aircraft-carrier-sunset-us-navy

The next week will show that support for the US over the Ukrainian “crisis” is weak or non-existent. We know this because the G20 has already announced their intentions to implement the IMF reforms with or without American agreement.

As such, there is no support for the US.  There will be no big coalition or integrated sanctions program enacted against Russia.  There will only be the US becoming more and more isolated as the end game plays out and we move from March into April.  There is no escape from the gravitational force which is pulling the world towards a more centralized and multilateral financial system.

From the Reuters link:

“A third source would not confirm it was Russia that brought up the issue, but said the G20 generally agreed to give the United States until the April meetings of the IMF and World Bank before taking more aggressive measures, a point confirmed by one of the other sources. All three sources spoke on condition of anonymity.” 

The common denominator to all that is happening is the IMF 2010 Code of Reforms.  The G20 is using wording such as “bad options” and “aggressive measures” to implement the reforms in the event the US fails once again to pass the required legislation.

What these “bad options” and “aggressive measures” entail can only be guessed at.  But its not hard to imagine it would include a process by which devaluation buffer substitution accounts will not be used as Russia and China begin to unload US treasuries directly onto the market.

In the interest of clarity, the 2010 Reforms are adjustments to quotas for each country.  It will level decision making power on the Executive Board of the International Monetary Fund.  The lost of reserve currency status for the dollar is a direct consequence of this process.

Things continue to move fast but we need to keep our eyes on the 2010 reforms.  All countries involved want the reforms implemented.  Its only how they are implemented and who retains or gains control of strategic regions that has yet to be finalized.

Once the reforms are implemented, willingly or unwillingly, the real action will begin as commodities and currencies begin to shift from dollars to SDR’s.  If there is a peaceful transition, which I still contend there will be, this transition will be orderly with the media hyping the sovereign debt crisis and turmoil of the currency markets.  This will ensure the slight of hand continues.  Lets not forget the Hegelian Dialectic.  The engineered singularity approaches.                   

        – JC Collins

Source:  http://philosophyofmetrics.com/2014/03/07/the-shifting-economic-singularity/#more-254

Sandy Hook Gun Grab Scandal Breaks Wide Open Under New Investigation

 

Source: http://www.veteranstoday.com/2014/02/25/sandy-hook-gun-grab-scandal-breaks-wide-open-under-new-investigation/

 

Added 2/26/2014:  BREAKING: Social Security Records Show No Deaths in Alleged Sandy Hook Massacre.  Manual search of the Social Security Death master file lists reveals no deaths and no victims in the alleged Sandy Hook murders  *** Continue

By Harold Saive and Wolfgang Halbig – 2/25/2014

 

NRA Refuses to Investigate Sandy Hook<img style=”border: 1px solid black; margin: 1px 3px;” alt=”NRA Refuses to Investigate Sandy Hook” src=”http://chemtrailsplanet.files.wordpress.com/2015/02/nra-refuses-to-investigate-sandy-hook.jpg?w=499″ width=”217″ height=”280″ />Just this morning, I received a call from the National Rifle Assocition (NRA) asking for my support to protect assaults on the second amendment of the US Constitution.

Aware that my remarks were recorded for “quality control”, I responded that my willingness to donate is based on the NRA’s tangible support of Wolfgang Halbig in his quest to demand justice in the coverup of the alleged Sandy Hook shooting.

I continued:

“With all the evidence available, we need to know why the NRA decided to cave on their duty to actively challenge the government’s story through demanding a prompt investigation of dubious events. It should be no secret to the NRA that the alleged Sandy Hook massacre is being used as a pretext to federal gun-grab legislation. Failure to protect their membership and the American people on this probable contrived event is a betrayal to those members who pay dues and rely on the NRA to protect the 2nd Amendment of the US Constitution.”

Corporate media and their army of pseudo-journalists began selling the public on the tragedy of the mass shooting committed by yet, another lone gunman – this time at Sandy Hook elementary school on Dec 14, 2012.

But as time goes by, inconsistencies including numerous instances of foreknowledge continue to create a mountain of doubt. Growing public skepticism combined with earned trust by non-corporate, alternative media is the most likely reason the FBI has now “classified” evidence in the shooting. The act of classifying evidence is designed to provide a fire-wall of secrecy and FOIA denials to effectively “cover-up” incriminating details that could send many officials to jail.

The answer to one important question is now subject to cover-up by virtue of being “classified”:

What are the names of the police who pronounced the children dead at the scene before licensed physicians and personnel, authorized to make such decisions, had a chance to examine the victims?”

A New Investigator, Wolfgang Halbig is determined to break the silence on the Sandy Hook Coverup.

wolfgang-halbig-sandy-hook-header<img alt=”wolfgang-halbig-sandy-hook-header” src=”http://www.veteranstoday.com/wp-content/uploads/2014/02/wolfgang-halbig-sandy-hook-header.jpg” width=”511″ height=”311″ />

His credentials and involvement in school tragedies qualifies him to help lead us to the truth.

  • Law enforcement: Florida State Trooper, US Customs Agent.
  • Education: teacher, assistant principal, principal.
  • Current school safety expert. Trained key personnel at over 4,000 US school districts, and over 3,500 school safety officers.

Halbig’s conclusion after ten months of motivated investigation:

“In my professional opinion, Sandy Hook was a scripted event… in planning for maybe two, two and a half years.”

The case for exposing the critical irregularities around the events of the alleged Sandy Hook shooting massacre are gaining national attention.

Halbig interviewd on Infowars Feb 20th, 2014

vimeo – Veterans Today –

Lake County Sheriff Gary S Borders<img style=”border: 1px solid black; margin: 1px 3px;” alt=”Lake County Sheriff Gary S Borders” src=”http://chemtrailsplanet.files.wordpress.com/2015/02/lake-county-sheriff-gary-s-borders.jpg?w=640″ width=”269″ height=”127″ />Efforts to silence Halbig were launched by plain clothes sheriff detectives from Lake County, Florida who visited him in December, 2012.

Citing no authority, they threatened him with criminal charges out of Connecticut if he didn’t stop “harassing” public officials with repeated phone calls and FOIA requests.

Halbig is demanding subpeona and/or arrest of leaders involved in Sandy Hook based on questions that reveal serious transgressions of procedure, ethics and law.

His FACEBOOK PAGE is a platform for pubic exchange with more questions raised every day.

Halbig: I must share with you that I pray to God everyday for the sake of my grandchildren that I am wrong about the Sandy Hook School Shooting Massacre on Dec 14, 2012.

But when you have two plain cloth Homicide Detectives show up at my home and threatend me by telling me that the CT State Police will have me arrested if I do not stop asking questions about the Sandy Hook Shooting it changed everything for me and my family.

Once we get the truth about just the first 16 questions I will go away and live out my retirement in peace.

They started it. As they say let the game begin.

Feb 25, 2014 – Good morning everyone and now lets look at two more huge questions that hopefully someone helping to solve this puzzle might have. If you do please let me and all of us know. You must stay focused on the 16 questions not 911 or Boston that is what they the government is counting on. They want this country to be fragmented because if they can keep us divided then they control us.

Sandy Hook Justice Puzzle – 16 simple questions ever changing that MUST require an answer.

Please stay focused on the first 16 questions then we go to the next ten questions and then we go to the videos and police reports.

1. Who directed the New Haven FBI field offices to classify the Sandy Hook Elementary School Shooting on Dec 14, 2012?

2. Why and for what reason would the FBI classify the Sandy Hook Elementary School Shooting when they did not classify the Columbine shooting which also was a Mass casualty shooting incident?

3. Who on Dec 14, 2012 was the Incident Commander as required by the Federal Emergency Management Administration in directing the Mass Casualty Shooting Incident at the Sandy Hook Elementary School?

• Who on Dec 14, 2012 at the Incident Command Center made the ordering of Porta Potties a high priority since they were delivered within 3 hours of the school shooting? Never ever heard off. • Who ordered those Port Potties from Southbury, Ct? • When I called the Porta Pottie Company after searching for over a week as to who and when they were ordered I was told that it is classified and they are not allowed to share that information with me. • The next morning I received a phone call from the Southbury Police Department at my home telling me not to call that company again since I was harassing them. • High priority for toilets but not for Life Star Trauma helicopters or paramedics.

4. Who and Why did they not request the Life Star Helicopters knowing that children and school staff are seriously injured and clinging to life?

5. Who and Why did they not allow the Paramedics and the EMT’S inside the Sandy Hook School to treat the seriously injured or those children and school staff clinging to life?

6. Who declared all 18 children and six school staff members legally dead within the first 8 minutes?

7. Who was the Certified Environmental Bio-Hazard Decontamination company contracted by the Newtown Public Schools to remove 45-65 gallons of blood, skull fragments, brain tissues, bodily fluids, blood soaked carpets and any other decontaminated are a inside the Sandy Hook School?

8. Why does an off duty Lt from the Newtown Police Department refuse to leave his off duty work assignment at a construction site on Dec 14, 2012 when hearing that shots have been fired at the Sandy Hook Elementary School?

9. Who at the Newtown Public Schools notified all of the parents in writing as required by CT law that had children attending the Sandy Hook Elementary School as well as every school staff member every school year of all the potential life threatening chemical hazards. The school had high levels of lead paint throughout the entire school, Asbestos in the ceiling time and floor tile, asbestos in the insulation and most of all the school had very high levels of PCB?

10. Who provided the urgent medical care to the two children who were not transported to the Danbury Trauma Center until an hour after the school was deemed safe for that 15-mile drive?

11. Who treated those two children who had been shot multiple times like three to 11 times since they did not allow the paramedics and EMT’S inside the Sandy Hook Elementary School?

12. Why did the parents of the two children who died at the Danbury hospital not allow their children to donate their organs to other children waiting for the gift of life?

13. What happened to the 500 children and 60 school staff members from Sandy Hook Elementary School on Dec 14, 2012?

14. Who was the police officer calling into the Newtown Police dispatcher stating in his words that he has multiple weapons, he has a rifle and a shotgun and who has the rifle and the shotgun as the chain of evidence should show that was found in classroom eight (8)?

15. Why would a police officer by the name of Lt Vangehle at 9:45:21 am on Dec 14, 2012 from the Newtown Police Department after finding a kindergarten female child in the hallway make her go into room eight (8) and leave her? Room eight is a gruesome crime scene with dead children and school staff. Why?

16. Why would two CT State Troopers enter room ten (10) at 9:55:31 am on Dec 14, 2012 which is a gruesome crime scene with dead bodies of children and school staff and tell a kindergarten boy who they find in the bathroom who’s name is redacted and tell them so it must be more than one to stay and they will be both back when it is safe?

Please all focus on those 16 questions then we will move to the next ten questions.

Thanks, Wolfgang

20 Facts About The Great U.S. Retail Apocalypse That Will Blow Your Mind

 

Abandoned Mall - Photo by Justin Cozart

By Michael Snyder, on March 9th, 2014

If the U.S. economy is getting better, then why are major retail chains closing thousands of stores?  If we truly are in an “economic recovery”, then why do sales figures continue to go down for large retailers all over the country?  Without a doubt, the rise of Internet retailing giants such as Amazon.com have had a huge impact.  Today, there are millions of Americans that actually prefer to shop online.  Personally, when I published my novel I made it solely available on Amazon.  But Internet shopping alone does not account for the great retail apocalypse that we are witnessing.  In fact, some retail experts estimate that the Internet has accounted for only about 20 percent of the decline that we are seeing.  Most of the rest of it can be accounted for by the slow, steady death of the middle class U.S. consumer.  Median household income has declined for five years in a row, but all of our bills just keep going up.  That means that the amount of disposable income that average Americans have continues to shrink, and that is really bad news for retailers.

And sadly, this is just the beginning.  Retail experts are projecting that the pace of store closings will actually accelerate over the course of the next decade.

So as you read this list below, please take note that things will soon get even worse.

The following are 20 facts about the great U.S. retail apocalypse that will blow your mind…

#1 As you read this article, approximately a billion square feet of retail space is sitting vacant in the United States.

#2 Last week, Radio Shack announced that it was going to close more than a thousand stores.

#3 Last week, Staples announced that it was going to close 225 stores.

#4 Same-store sales at Office Depot have declined for 13 quarters in a row.

#5 J.C. Penney has been dying for years, and it recently announced plans to close 33 more stores.

#6 J.C. Penney lost 586 million dollars during the second quarter of 2013 alone.

#7 Sears has closed about 300 stores since 2010, and CNN is reporting that Sears is “expected to shutter another 500 Sears and Kmart locations soon”.

#8 Overall, sales numbers have declined at Sears for 27 quarters in a row.

#9 Target has announced that it is going to eliminate 475 jobs and not fill 700 positions that are currently empty.

#10 It is being projected that Aéropostale will close about 175 stores over the next couple of years.

#11 Macy’s has announced that it is going to be closing five stores and eliminating 2,500 jobs.

#12 The Children’s Place has announced that it will be closing down 125 of its “weakest” stores by 2016.

#13 Best Buy recently shut down about 50 stores up in Canada.

#14 Video rental giant Blockbuster has completely shut down all of their stores.

#15 It is being projected that sales at U.S. supermarkets will decline by 1.7 percent this year even as the overall population continues to grow.

#16 McDonald’s has reported that sales at established U.S. locations were down 3.3 percent in January.

#17 A home appliance chain known as “American TV” in the Midwest is going to be shutting down all 11 stores.

#18 Even Wal-Mart is struggling right now.  Just check out what one very prominent Wal-Mart executive recently admitted

David Cheesewright, CEO of Walmart International was speaking at the same presentation, and he pointed out that Walmart would try to protect its market share in the US – where the company had just issued an earnings warning. But most of the growth would have to come from its units outside the US. I mean, via these share buybacks?

Alas, outside the US too, economies were limping along at best, and consumers were struggling and the operating environment was tough. “We’re seeing economies under stress pretty much everywhere we operate,” Cheesewright admitted.

#19 In a recent CNBC article entitled “Time to close Wal-Mart stores? Analysts think so“, it was recommended that Wal-Mart should close approximately 100 “underperforming” supercenters in rural locations across America.

#20 Retail consultant Howard Davidowitz is projecting that up to half of all shopping malls in America may shut down within the next 15 to 20 years

Within 15 to 20 years, retail consultant Howard Davidowitz expects as many as half of America’s shopping malls to fail. He predicts that only upscale shopping centers with anchors like Saks Fifth Avenue and Neiman Marcus will survive.

So is there any hope that things will turn around?

Well, if the U.S. economy started producing large numbers of good paying middle class jobs there would definitely be cause for optimism.

Unfortunately, that is just not happening.

On Friday, we were told that the U.S. economy added 175,000 jobs during the month of February.

That sounds pretty good until you realize that it takes almost that many jobs each month just to keep up with population growth.

And according to CNS News, the number of unemployed Americans actually grew faster than the number of employed Americans in February…

The number of unemployed individuals 16 years and over increased by 223,000 in February, according to the Bureau of Labor Statistics (BLS).

In February, there were 10,459,000 unemployed individuals age 16 and over, which was up 223,000 from January, when there were 10,236,000 unemployed individuals.

Meanwhile, the labor force participation rate continues to sit at a 35 year low, and a staggering 70 percent of all Americans not in the labor force are below the age of 55.

That is outrageous.

And things look particularly depressing when you look at the labor force participation rate for men by themselves.

In 1950, the labor force participation rate for men was sitting at about 87 percent.  Today, it has dropped beneath 70 percent to a brand new all-time record low.

The truth is that there simply are not enough jobs for everyone anymore.

The chart posted below shows how the percentage of working age Americans that actually have a job has changed since the turn of the millennium.  As you can see, the employment-population ratio declined precipitously during the last recession, and it has stayed below 59 percent since late 2009…

Employment Population Ratio 2014

If we were going to have a “recovery”, we should have had one by now.

Since there are not enough jobs, what is happening is that more highly educated workers are taking the jobs that were once occupied by less educated workers and bumping them out of the labor force entirely.  The following is an excerpt from a recent Bloomberg article

Recent college graduates are ending up in more low-wage and part-time positions as it’s become harder to find education-level appropriate jobs, according to a January study by the Federal Reserve Bank of New York.

The share of Americans ages 22 to 27 with at least a bachelor’s degree in jobs that don’t require that level of education was 44 percent in 2012, up from 34 percent in 2001, the study found.

Due to the fact that there are not enough middle class jobs to go around, the middle class has been steadily shrinking.

In 2008, 53 percent of all Americans considered themselves to be “middle class”.  Today, only 44 percent of all Americans consider themselves to be “middle class”.

That is a pretty significant shift in just six years, don’t you think?

For much more on this, please see my previous article entitled “28 Signs That The Middle Class Is Heading Toward Extinction“.

Despite what the politicians and the mainstream media are telling you, the truth is that something is fundamentally wrong with our economy.

On a gut level, most people realize this.

According to one recent survey, only 35 percent of all Americans say that they are better off financially than they were a year ago.  And according to a recent NBC News/Wall Street Journal poll, only 28 percent of all Americans believe that this country is moving in the right direction.

The frightening thing is that this is about as good as things are going to get.  The next great wave of the economic collapse is approaching, and when it strikes the plight of the middle class is going to get a whole lot worse.

http://theeconomiccollapseblog.com/archives/20-facts-about-the-great-u-s-retail-apocalypse-that-will-blow-your-mind

 

While waiting for your ship to come in use these discounts.

 

I have used these myself, I especially like the free drink at Wendy’s.

Thank you Dr. Alexis,  site:http://www.alexisabramson.com/senior-discounts-for-all/

Hi everyone!  I received this “senior discount” list from a friend and thought that it might be of some $$$ value.  Keep this list – – – and send a copy to your senior friends and relatives.  She sent me an email saying:

“As I was waiting in line behind an older gentleman at Wendy’s recently, I heard him ask for his senior discount. The girl at the register apologized and charged him less. When I asked the man what the discount was, he told me that seniors (people) over age 55 gets 10% off everything on the menu, every day.  This incident prompted me to do some research, and I came across a list of restaurants, supermarkets, department stores, travel deals and other types of offers giving various discounts with different age requirements. I was actually surprised to see how many there are and how some of them start at the young age of 50.”

This list may not only be useful for you, but for your friends and family, too.

YOU must ASK for your discount!

RESTAURANTS:

  • Applebee’s: 15% off with Golden Apple Card (60+)
  • Arby’s: 10% off (55+)
  • Ben & Jerry’s: 10% off (60+)
  • Bennigan’s: discount varies by location (60+)
  • Bob’s Big Boy: discount varies by location (60+)
  • Boston Market: 10% off (65+)
  • Burger King: 10% off (60+)
  • Chick-Fil-A: 10% off or free small drink or coffee (55+)
  • Chili’s: 10% off (55+)
  • CiCi’s Pizza: 10% off (60+)
  • Denny’s: 10% off, 20% off for AARP members (55+)
  • Dunkin’ Donuts: 10% off or free coffee (55+)
  • Einstein’s Bagels: 10% off baker’s dozen of bagels (60+)
  • Fuddrucker’s: 10% off any senior platter (55+)
  • Gatti’s Pizza: 10% off (60+)
  • Golden Corral: 10% off (60+)
  • Hardee’s: $0.33 beverages everyday (65+)
  • IHOP: 10% off (55+)
  • Jack in the Box: up to 20% off (55+)
  • KFC: free small drink with any meal (55+)
  • Krispy Kreme: 10% off (50+)
  • Long John Silver’s: various discounts at locations (55+)
  • McDonald’s: discounts on coffee everyday (55+)
  • Mrs. Fields: 10% off at participating locations (60+)
  • Shoney’s: 10% off Sonic: 10% off or free beverage (60+)
  • Steak ‘n Shake: 10% off every Monday & Tuesday (50+)
  • Subway: 10% off (60+)
  • Sweet Tomatoes: 10% off (62+)
  • Taco Bell: 5% off; free beverages for seniors (65+)
  • TCBY: 10% off (55+)
  • Tea Room Cafe: 10% off (50+)
  • Village Inn: 10% off (60+)
  • Waffle House: 10% off every Monday (60+)
  • Wendy’s: 10% off (55+)
  • White Castle: 10% off (62+)

RETAIL & APPAREL:

  • Banana Republic: 10% off (50+)
  • Bealls: 20% off first Tuesday of each month (50+)
  • Belk’s: 15% off first Tuesday of every month (55+)
  • Bon-Ton Department Stores: 15% off on senior discount days (55+)
  • C.J. Banks: 10% off every Wednesday (60+)
  • Clarks: 10% off (62+)
  • Dress Barn: 10% off (55+)
  • Goodwill: 10% off one day a week (date varies by location)
  • Hallmark: 10% off one day a week (date varies by location)
  • Kohl’s: 15% off (60+)
  • Modell’s Sporting Goods: 10% off
  • Rite Aid: 10% off on Tuesdays & 10% off prescriptions
  • Ross Stores: 10% off every Tuesday (55+)
  • The Salvation Army Thrift Stores: up to 50% off (55+)
  • Stein Mart: 20% off red dot/clearance items first Monday of every month (55+)

GROCERY:

  • Albertson’s: 10% off first Wednesday of each month (55+)
  • American Discount Stores: 10% off every Monday (50+)
  • Compare Foods Supermarket: 10% off every Wednesday (60+)
  • DeCicco Family Markets: 5% off every Wednesday (60+)
  • Fry’s Supermarket: free Fry’s VIP Club Membership & 10% off every Monday (55+)
  • Great Valu Food Store: 5% off every Tuesday (60+)
  • Gristedes Supermarket: 10% off every Tuesday (60+)
  • Harris Teeter: 5% off every Tuesday (60+)
  • Hy-Vee: 5% off one day a week (date varies by location)
  • Kroger: 10% off (date varies by location)
  • Morton Williams Supermarket: 5% off every Tuesday (60+)
  • The Plant Shed: 10% off every Tuesday (50+)
  • Publix: 5% off every Wednesday (55+)
  • Rogers Marketplace: 5% off every Thursday (60+)
  • Uncle Guiseppe’s Marketplace: 5% off (62+)

TRAVEL:

  • Airlines:
  • Alaska Airlines: 10% off (65+)
  • American Airlines: various discounts for 65 and up (call before booking for discount)
  • Continental Airlines: no initiation fee for Continental Presidents Club & special fares for select destinations
  • Southwest Airlines: various discounts for ages 65 and up (call before booking for discount)
  • United Airlines: various discounts for ages 65 and up (call before booking for discount)
  • U.S. Airways: various discounts for ages 65 and up (call before booking for discount)
  • Amtrak: 15% off (62+)
  • Greyhound: 5% off (62+)
  • Trailways Transportation System: various discounts for ages 50+
  • Car Rental:Alamo Car Rental: up to 25% off for AARP members
  • Avis: up to 25% off for AARP members Best Western: 10% off (55+)
  • Budget Rental Cars: 10% off; up to 20% off for AARP members (50+)
  • Dollar Rent-A-Car: 10% off (50+)
  • Enterprise Rent-A-Car: 5% off for AARP members
  • Hertz: up to 25% off for AARP members Holiday Inn: 10%-30% off depending on location (62+)
  • National Rent-A-Car: up to 30% off for AARP members
  • Cambria Suites: 20%-30% off (60+)
  • Clarion Motels: 20%-30% off (60+)
  • Comfort Inn: 20%-30% off (60+)
  • Comfort Suites: 20%-30% off (60+)
  • Econo Lodge: 20%-30% off (60+)
  • Hampton Inns & Suites: 10% off when booked 72 hours in advance
  • Hyatt Hotels: 25%-50% off (62+)
  • InterContinental Hotels Group: various discounts at all hotels (65+)
  • Mainstay Suites: 10% off with Mature Traveler’s Discount (50+); 20%-30% off (60+)
  • Marriott Hotels: 15% off (62+)
  • Motel 6: 10% off (60+)
  • Myrtle Beach Resort: 10% off (55+)
  • Quality Inn: 20%-30% off (60+)
  • Rodeway Inn: 20%-30% off (60+)
  • Sleep Inn: 20%-30% off (60+)

ACTIVITIES & ENTERTAINMENT

  • AMC Theaters: up to 30% off (55+)
  • Bally Total Fitness: up to $100 off memberships (62+)
  • Busch Gardens Tampa, FL: $3 off one-day tickets (50+)
  • Carmike Cinemas: 35% off (65+)
  • Cinemark/Century Theaters: up to 35% off
  • U.S. National Parks: $10 lifetime pass; 50% off additional services including camping (62+)
  • Regal Cinemas: 30% off Ripley’s Believe it or Not: @ off one-day ticket (55+)
  • SeaWorld Orlando, FL: $3 off one-day tickets (50+)

CELL PHONE DISCOUNTS:

  • AT&T: Special Senior Nation 200 Plan $29.99/month (65+)
  • Jitterbug: $10/month cell phone service (50+)
  • Verizon Wireless: Verizon Nationwide 65 Plus Plan $29.99/month (65+)

MISCELLANEOUS:

  • Great Clips: $3 off hair cuts (60+)
  • Super Cuts: $2 off haircuts (60+)

 

NOW, go out there and claim your discounts – – – and remember — YOU must ASK for your discount — no ask, no discount!  By the way (YES – this is a disclaimer!) – I’m not personally  ”recommending” these establishments…..just passing on the info!

 

Brazilian Inventors Produce Overunity Energy Generator Called ‘Earth Electron Captor’

 

Two Brazilian inventors, Nilson Barbosa and Cleriston Leal, claim to have invented a free energy device and are now selling this device to the public. The device is called the Earth Electron Captor Generator, or “GERADOR CAPTOR DE ELÉTRONS DA TERRA” in Portuguese.

They are presently only offering the device to people who live in the city of Imperatriz. However, they are working to license production with several manufacturing firms that will allow for online sales. Their website says they will update their page with distributor information when it becomes available. The rumor mill says global distributors will come online in January of 2014.

The device requires a small amount of initial input power to initiate the movement of a sensor, which then produces over-unity power. The device is small, which means it can be used to power vehicles, homes, and businesses.  The site claims the input power needed to run it is around 2% of its output power.…..snip…..

 

http://missiongalacticfreedom.wordpress.com/2014/03/09/brazilian-inventors-produce-overunity-energy-generator-called-earth-electron-captor/

http://energiauniversal.eco.br/

Banker Admits in Court that Banks Actually Loan Nothing

 

This is how it is done, Folks. The bank loans you your own money back and wants interest too. Read this carefully so we can all understand and be on the same page. Also be sure to click on the link at the bottom and read the rest of the story.

Saturday, March 8, 2014

Banking in America

 
Banking in America
 
Banker Admits in Court that Banks Actually Loan Nothing
 
This is an actual court transcript – an interview with a banker, who is under oath, about a foreclosure. The banker was placed on the witness stand and sworn in. The plaintiff’s (borrower’s) attorney asked the banker the routine questions concerning the banker’s education and background. Then this conversation followed:
The attorney asked the banker, “What is court exhibit A?” The banker responded by saying, “This is a promissory note.” The attorney then asked, “Is there an agreement between Mr. Smith (borrower) and the defendant?” The banker said, “Yes.” The attorney asked, “Do you believe the agreement includes a lender and a borrower?” The banker responded by saying, “Yes, I am the lender and Mr. Smith is the borrower.” The attorney asked, “What do you believe the agreement is?” The banker quickly responded, saying, ” We have the borrower sign the note and we give the borrower a check.” The attorney asked, “Does this agreement show the words borrower, lender, loan, interest, credit, or money within the agreement?” The banker responded by saying, “Sure it does.” The attorney asked, `”According to your knowledge, who was to loan what to whom according to the written agreement?” The banker responded by saying, “The lender loaned the borrower a $50,000 check. The borrower got the money and the house and has not repaid the money.” The attorney noted that the banker never said that the bank received the promissory note as a loan from the borrower to the bank. He asked, “Do you believe an ordinary person can use ordinary terms and understand this written agreement?” The banker said, “Yes.” The attorney asked, “Do you believe you or your company legally own the promissory note and have the right to enforce payment from the borrower?” The banker said, “Absolutely we own it and legally have the right to collect the money.” The attorney asked, “Does the $50,000 note have actual cash value of $50,000? Actual cash value means the promissory note can be sold for $50,000 cash in the ordinary course of business.” The banker said, “Yes.” The attorney asked, “According to your understanding of the alleged agreement, how much actual cash value must the bank loan to the borrower in order for the bank to legally fulfill the agreement and legally own the promissory note?” The banker said, “$50,000.” The attorney asked, “According to your belief, if the borrower signs the promissory note and the bank refuses to loan the borrower $50,000 actual cash value, would the bank or borrower own the promissory note?” The banker said, “The borrower would own it if the bank did not loan the money. The bank gave the borrower a check and that is how the borrower financed the purchase of the house.” The attorney asked, “Do you believe that the borrower agreed to provide the bank with $50,000 of actual cash value which was used to fund the $50,000 bank loan check back to the same borrower, and then agreed to pay the bank back $50,000 plus interest?” The banker said, “No. If the borrower provided the $50,000 to fund the check, there was no money loaned by the bank so the bank could not charge interest on money it never loaned.” The attorney asked, “If this happened, in your opinion would the bank legally own the promissory note and be able to force Mr. Smith to pay the bank interest and principal payments?” The banker said, “I am not a lawyer so I cannot answer legal questions.” The attorney asked, “Is it bank policy that when a borrower receives a $50,000 bank loan, the bank receives $50,000 actual cash value from the borrower, that this gives value to a $50,000 bank loan check, and this check is returned to the borrower as a bank loan which the borrower must repay?” The banker said, “I do not know the bookkeeping entries.” The attorney said, “I am asking you if this is the policy.” The banker responded, “I do not recall.” The attorney again asked, “Do you believe the agreement between Mr. Smith and the bank is that Mr. Smith provides the bank with actual cash value of $50,000 which is used to fund a $50,000 bank loan check back to himself which he is then required to repay plus interest back to the same bank?” The banker said, ” I am not a lawyer.” The attorney said, “Did you not say earlier that an ordinary person can use ordinary terms and understand this written agreement?” The banker said, “Yes.” The attorney handed the bank loan agreement marked “Exhibit B” to the banker. He said, “Is there anything in this agreement showing the borrower had knowledge or showing where the borrower gave the bank authorization or permission for the bank to receive $50,000 actual cash value from him and to use this to fund the $50,000 bank loan check which obligates him to give the bank back $50,000 plus interest?” The banker said, “No.” The lawyer asked, “If the borrower provided the bank with actual cash value of $50,000 which the bank used to fund the $50,000 check and returned the check back to the alleged borrower as a bank loan check, in your opinion, did the bank loan $50,000 to the borrower?” The banker said, “No.” The attorney asked, “If a bank customer provides actual cash value of $50,000 to the bank and the bank returns $50,000 actual cash value back to the same customer, is this a swap or exchange of $50,000 for $50,000.” The banker replied, “Yes.” The attorney asked, “Did the agreement call for an exchange of $50,000 swapped for $50,000, or did it call for a $50,000 loan?” The banker said, “A $50,000 loan.” The attorney asked, “Is the bank to follow the Federal Reserve Bank policies and procedures when banks grant loans.” The banker said, “Yes.” The attorney asked, “What are the standard bank bookkeeping entries for granting loans according to the Federal Reserve Bank policies and procedures?” The attorney handed the banker FED publication Modern Money Mechanics, marked “Exhibit C”. The banker said, “The promissory note is recorded as a bank asset and a new matching deposit (liability) is created. Then we issue a check from the new deposit back to the borrower.” The attorney asked, “Is this not a swap or exchange of $50,000 for $50,000?” The banker said, “This is the standard way to do it.”
 
Posted by John MacHaffie at 8:16 PM

FACT CHECK #98 An Evening With A White Hat

 

Greetings! 

We move from FC#97 into new territory today.

I once again had the pleasure to speak to our WH contact this evening. He was very generous with his time, as always, his responsibilities and charges notwithstanding. He took some time to answer some questions, and a summary of those answers will follow.

First, some introductory remarks.

I apologize for not closing the last thread and moving on faster. With over 600 comments, it was a real effort to moderate. I thank you all for largely conducting yourselves in an adult manner. Please continue to do so and set a good example to the world-wide readership, which includes some very key people, including 80 law firms and some 1200-1500 people working on things for which you all have an interest in.  

In earlier times we spent a lot of our resources taking various “intel providers” and “awareness bloggers” to task for their shoddy work in announcing “deliveries and RV’s” when no such things had occurred, and for making outlandish, unsubstantiated claims about the potential rates of anticipated revaluations of two currencies, with amazing alacrity. Our reasons were simple – we wanted people to have the truth about these activities since so many of you are staking your future on them. For too long, people have been making decisions on less than substantiated knowledge of just what they should realistically expect. Well, we have compiled what we feel is a pretty solid collection of data from those in the trenches and it has been our pleasure to bring this information to you, when possible. 

Of course, not everything that is known is shared. The sensitive nature of this event is such that this blog is carefully watched by some pretty powerful groups which I do not need to name. As such, please remember this, and do not think that we are lax with our questions since not everything you want to know can be asked, and further, not everything you want to ask, is known. Those of you who are staking your future on events we are monitoring would not appreciate if we posted something that created ripples across the Internet and caused needless work for those working on this matter, or cause delays. Good heavens! I would promptly drive to the nearest Benihana’s and  pay one of their chef’s to effect ritual seppuku on me, rather than cause delays because of irresponsible behavior with this effort to inform. Such has inadvertently happened once. It must never, never happen again.

We call this association an “auxiliary” for a reason. This separates us from the front line troops working on what has been described as the largest financial transaction in the history of the word. I sometimes indulge my passion for Roman History by reading accounts of auxiliary troops being called up to the front lines when they were in danger of faltering. Auxiliaries were often times non-citizens, and such a distinction then, as now, is important to understand since we are not White Hats, and are not on the front lines. The front lines are manned by exceptional people with the talents, skills and resources to complete their tasks. For that, we owe them our respect and to be responsible with what we are allowed to know at this time. They will never have to call us up to plug holes in the lines, and thank goodness for that, since many, if not all of us, do not possess credentials to work at such extreme levels of international finance and law.      

With the foregoing  in mind, I will proceed. 

1) Are we are still on for 2014?

This evening, I was not told otherwise at any point in our conversation. Keep that in mind as the next item is made clear.

2) Is the following, issued by the IMF, tied in with the World Global Settlements, and indicative of a delay into 2015?

“We deeply regret that the IMF quota and governance reforms agreed to in 2010 have not yet become effective and that the 15th General Review of Quotas was not completed by January 2014.”

“In April, we will take stock of progress towards…completing the 15th General Review of Quotas by January 2015.”

From the Communiqué – Meeting of Finance Ministers and Central Bank Governors, Sydney, 22-23 February 2014

The answer to the forgoing concern is that the statement issued by the IMF is not related to/indicative of WGS progress. It is an altogether separate matter.  Keep this in mind as other bloggers continue to update you with respect to IMF/World Bank maneuvering and descriptions of currency resets set against a perceived relationship to IMF quotas regulations. 

3) What are the 17 other currencies set to re-value along with the USD, Iraqi Dinar and the Dong?

Such information is not known, and won’t be made available. Beware of any blog that lists such currencies, and do NOT assume they will be correct. Remember, currency speculation is very, very high risk business. That is no different for those with dinar and dong. More on this later.

4) Does the recent acquisition by Washington Federal of several B of A branches have anything to do with the WGS/GCR?

    The answer is, no. Just what such purchases signify, if anything separate from the purchases itself, is not entirely known.

5) Is this business in the Ukraine some kind of mysterious maneuver to signal some kind of event related to the WGS/GCR?  

     The answer is, and I quote: “It’s just a fart in the wind”. In other words, it is completely dwarfed by the events that are to come once the WGS/GCR is set loose.  

6) What is the lower range of a possible dinar rate?

    It was given as $1.00. It could possibly come in at $1.00 to no higher than $3.50. Take note. That is an estimate. Nobody knows, not even those in the trenches, what the rate will be on day one.    This means it could be lower than even the lower estimate. Please, remember: Just cash in. Do NOT wait for a higher rate the next day. Act quickly.

7) This leads us to comments from “john” at OWoN blog, which you are all asking about. This is not an easy task to clarify since it will require some reality adjustments for many of the dinar buyers who have been cast under the spell of many dinar Svengali who speak of $32 rates and million dollar paydays for all. You must NOT be swayed by such persons who might beguile you into  rash actions  such as cashing in junior’s college money or selling your gold fillings for more dinar.

John has a very direct and blunt style of writing that rubs many the wrong way. He is described as a good person, with impressive credentials and is not in the business of misleading or spreading false information. His recent comments were as follows:     

Now, to help a few of you re first the Dongs and some Dinars etc.

The major Private Deal is approved and ready to go BUT, because it has overlapping impacts on the RV’s, EVERYTHING is being delayed on RV releases and strategies.

So, tough as it is for many, it means waiting time. More time, more stress, but its moving. When- Who knows? Who cares? Its a Free Lunch!

Neither Dongs nor Dinars owe anyone a Dime! Its All this IS unplanned and UNEARNED INCOME!!, Its NOT a Windfall or a Blessing. Such mind boggling stupidity from such Cretins is sad. Its a gamble and GOOD LUCK,but stop whining about my RIGHTS, like the world owes you? Its just a Gamble.You win some, you lose some.

The world owes no one anything. Lives wasted saving nothing left the Chumps with nothing. Selection of the species. No Rainy Day Money sorts the Smart from the Losers.

Some will get a major boost, but not all. Enough, Just hope your one. We see enough of some parties forever blogging about their rights and how the system is stopping them. What crap! Funny how America was built on No Welfare. As was Europe. Workers work, and work it out. Wasters whinge, its never them. Easy come will still become easy go for many even after being paid.The ones I feel for are those in genuine need who never did get a break. They deserve it most. We need to give their kids a chance. Start by educating the kids. Infrastructure and re thinking communities. Help the sick and old, and create sustainable jobs for the willing workers. Then waste the wasters! Welfare WILL end! Sooner than you think. With a bang! In the UK your out Butt first after a finite Welfare period. You get money with a bridge of help only for months, but not Welfare as income for life. And we are making it tougher. Whats coming will sort them. People have no idea what tracking. The Global gravy train is ending. For the won’t work crowd life on the streets will sort them.

For the lucky ones, hang onto it tight. It will be all you have for many Beneficiaries. Again, PLEASE do nothing after cashing but place it safe and wait. Think out your new moves with care. Don’t let Losers or Cling On’s near you!

For some it IS coming,but for many not. At least some will get through. It takes what it takes. There will NOT be a mass handout for all. It will be selective. Vast overprinting will not get bailed. Nor should it. Money is, and will be- finite! But for some, Yes, its now coming. We can say no more. Nor will we elaborate. You gamble, YOU do the leg work.

Now, just what is he saying here? In his own well-meaning, yet semi-gauche way, he is saying: CASH IN QUICKLY, because not all of you will get what you may think simply because the numbers are not there to sustain $3.50 forever, if even at all. Over-printing of the dinar means that there are too many pigs for the teats.  Just what the rate will be is NOT KNOWN, so if that is so, high rate predictions by dinar oracles are by no means assured, no matter what rates they were told by “sources”.

Some of you may say, “But we were told this was going to be a windfall!” Yes, those are the words used to describe what may come. But, again, think it over. One, nobody knows the rates, and, two, if the rate comes in at $.10, it still represents a HUGE move from its present value, yet may render it necessary for many of you to retain your current standard of living because the 1M in dinar you have will not allow you to retire, and after tax, even less so.

Further, if we see a rate of $1.00, it may not stay there long. In fact, it was said that you might consider “getting sick” and leaving your workplace to cash in as soon as you hear about this, if necessary. It’s that critical that you act timely.

Bottom line? John is simply telling you the truth from his perspective, which is accurate. It is the Delphian dinar cult’s that are selling dreams that are not backed up by anything of import, or are engaging in all manner of exaggerations to seem wise or expert. John detests the manner in which the dinar is being sold. People often buy dinar, then join a blog and attend calls to get “intel” where they are fed information from “sources”. It is this process he scorns as it is not based in reality.

Don’t be fooled, and plan your affairs for any rate that may come in. Don’t let greed get the better of you. The “lucky ones” will be those who act fast. Some will get there first and get what the rate is on that day, high or low. Those that delay, well, I don’t need to elaborate on what could await them. 

Remember: JUST CASH IN. No matter what is said from now on, by John, or anyone – JUST CASH IN. That is ALL you can do. CASH IT IN.

7) Does the same admonition apply to the Dong? 

    Yes. Don’t delay.

To close this part of the FC, keep in mind that John holds the false prophets in severe contempt, and he can do so because he lives in rare air and sees the real numbers. We cannot fault him for that, his abrasive reportage notwithstanding. We have also criticized the guru’s and so have the White Hats, yet not as harshly as he does. He is keenly aware of the lives that have been lost in Iraq, on both sides, and sees this for what he feels it is – blood money. Perhaps we should remember that, and when the numbers come in, think of those who were lost, and do some good by supporting any cause you can think of to ease the suffering of those who were caught up in the unfortunate events that began in 2003.

Be smart. JUST CASH IN, and do some good with it.

I know the above stands in stark contrast with the Dinar Lama’s, but there is no easy way to impart a hard truth.

8) Are you aware of  Karen Hudes, the BIS whistle-blower, and if so, what can you share about your knowledge of her work?  

    The answer was: She could be very dangerous to the cabal, and knows what she is saying.

Nothing more was offered with respect to her work.

  9) Has the “Hong Kong” meeting happened?

       Sorry, but I didn’t bring it up. We were told last time that it was off limits to discuss further, and once I am told such, I will not press the issue. It’s for a good reason.

Read the last sentence in the former paragraph again before you read further. 

Lastly, I am planning on contacting another key person in this affair very soon. I hope to bring you more information, if possible and if necessary.

Once again, thank you all, and thanks to our White Hat contact, and all the White Hats and their staff for continuing to work for good on behalf of all nations.

Please continue to be patient as we await what will be the key event of the century.

WHA

SDR’s and the New Bretton Woods – Part Eight

 

It is so well explained here that the U.S. politicians and bankers would never admit that they are the ones that want to kill the dollar, so the Ukraine fiasco will provide the necessary cover story to the corrupt TV and the press for all the world to see .

 

March 5, 2014 Leave a comment

The Dawn of Macroeconomic Stability

By JC Collins

Dawn Protest Ukraine

We are working with Congress to approve the 2010 IMF quota legislation, which would support the IMF’s capacity to lend additional resources to Ukraine, while also helping to preserve continued U.S. leadership within this important institution,”

– U.S. Treasury Secretary Jack Lew, Mar 4, 2014.

An attempt to announce sanctions would end in a crash for the financial system of the United States, which would cause the end of the domination of the United States in the global financial system.”

– Russian Senior Adviser Sergei Glazyev, Mar 4, 2014.

We are also discussing with all our international partners–bilateral and multilateral–how best to help Ukraine at this critical moment in its history.”

– Managing Director Christine Lagarde, I.M.F., Feb 27, 2014.

 

This part of the series is important because it contains valuable and timely information that both confirms and builds on the concepts as presented on this site.  Through seven parts we have defined the structure of the emerging multilateral SDR financial system and how it will work in theory.

Now we begin the transition from theory to practice.

 I would suggest that readers first ensure they have a good understanding of the main themes and components of the other seven parts.  It will make part eight that much more rewarding to read and understand.  All seven links are included at the end of this post.

Ukraine is being fought over by the United States and Russia.  Both countries desire to give the Ukraine a bail-out loan denominated in Special Drawing Rights.  The International Monetary Fund is patiently waiting for an agreement to be made so that the process of debt restructuring and currency allocation can continue.  The winner will have control over the resources and energy industry of the Ukraine and all of Europe’s natural gas supply.  This will help their SDR composition in the new system.

The same process is unfolding in Syria and other regions.  There is not much negotiating room left though as the clock ticks closer to the time where its either collapse or consolidation.  Ukraine, like Syria, is a vital chess piece in this grand game of strategy and resource allocation.

Today Senior Russian Advisor Sergei Glazyev stated that they would sell all their U.S. debt if sanctions were put in place against them.  On top of that he suggested that Russia would drop the dollar in its international trade.  This clearly states that the U.S. dollar would no longer be considered the reserve currency by Russia.

Considering China has made it known that they side with Russia over the Ukraine situation, it doesn’t take a stretch of the imagination to see China also selling their U.S. debt.

Though I do not think this will happen.  These threats are keeping with the Hegelian Dialectic pattern which we have been discussing.  The sovereign debt crisis and currency crisis around the world will be used as the pretext to shift the reserve currency status away from the dollar and to the SDR.  Problem, reaction, solution.  See SDR’s and the New Bretton Woods Part Three – The Real Global Currency Reset.

As the major monetary changes take place we can watch for changes to the dollar and its reserve status as a sign of the coming integration to a multilateral system and reset of the world’s currency and commodity values as they unpeg from the American dollar and peg to the SDR.  See The New Exchange Rate System.

The end goal is the SDR as the multilateral reserve currency and sovereign debt consolidated or restructured through the International Monetary Fund.  So Russia threatening the dollar fits perfectly within the script being presented.

In order for the SDR’s status to be expanded the United States Congress must pass the IMF 2010 Code of Reforms, also known as Governance Reforms and Quota Reforms.  These reforms allow the Executive Board of the IMF to be restructured to more accurately reflect the economic reality of the world today.  The emerging markets, mainly represented by the BRICS countries, Brazil, Russia, India, China, and South Africa, require equal power within the IMF.

It is collectively agreed that the dollar is now causing all the economic problems in the world.  With equal representation on the Executive Board it will be only a matter of time before the dollar is pushed aside and the SDR made the multilateral reserve currency.

This will lead to macroeconomic stability through centralization.  This macro centralization will be off-set by regional and local decentralization with a focus on micro economic growth and resource commodity production.  Some of these micro regulations will put into place self-limiting legislation to prevent further transfer of wealth from the large disorganized masses by the small rent seeking elite.  See What Are Conspiracy Theories?.

These Code of Reforms were agreed to by all G20 countries in 2010 but the United States Congress has refused to pass the required legislation to support the changes.  Last month the G20 met again in Australia and once more pushed Congress to pass the legislation by April of this year.

This is where we come back to the crisis in the Ukraine.

Today, top Republican Senator in the Senate Foreign Relations Committee, Bob Corker, who is writing the legislation for Ukrainian aid said that the IMF Code of Reforms were “on the table”.

The U.S. Treasury itself is asking Congress to connect the Code of Reforms with the Ukrainian package.

On top of that, the Obama administration snuck the Reforms into its proposed 2015 budget which was released today.  This budget begins in October of this year.

And the G20 all want the reforms implemented by April.

The Ukrainian crisis is the textbook example of the process which we have been learning about here.  Expect more of the same as the system shifts further away from the dollar and closer to the SDR composition.  America could never openly admit that they “killed the dollar”.  It will have to be hidden within a series of events which create a form of plausible deniability.

The pressure is on Congress to get the Reforms passed so implementation of the new SDR system can begin.  The transition from the old dollar system to the new SDR system has begun.  Ukraine unpegged their currency from the dollar last week.  Russia is now threatening the same.  China is not far behind.

The stage is set for the real life drama which we have been exploring.   – JC Collins

SDR’s and the New Bretton Woods – Part One

SDR’s and the New Bretton Woods – Part Two

SDR’s and the New Bretton Woods – Part Three

SDR’s and the New Bretton Woods – Part Four

SDR’s and the New Bretton Woods – Part Five

SDR’s and the New Bretton Woods – Part Six

SDR’s and the New Bretton Woods – Part Seven

 

Source:  http://philosophyofmetrics.com/2014/03/05/sdrs-and-the-new-bretton-woods-part-eight/#more-246

RARE FILM FROM 1932

Tuesday, March 4, 2014

RARE FILM FROM 1932

 
Subject: RARE FILM FROM 1932
You would like to think this couldn’t happen again, but it could.  History, has a way of repeating itself. How many of you were aware of the march on  Washington in 1932? Would US troops attack its own people if ordered? You bet, see what they do to WW1 veterans, tanks tear gas, bayonets, fire. An interesting slice of history that I wanted to share. An eye opening Video, that few today, have ever seen. 
 http://www.youtube.com/watch_popup?feature=player_embedded&v=sNOsIB5VMSQ 
 
Posted by John MacHaffie at 4:25 PM
 
 

1 comment:

  1. They even did MUCH worse after WW2, by letting in… OUR country…over 25,000 Nazis into KEY positions all over this country…In effect making ALL the soldiers lives that were lost fighting the Nazis, a TOTAL LOSE…THEY MIGHT AS WELL JUST COMMITTED SUICIDE…rather than go and fight for a country that betrayed them…ALL WARS ARE “BANKER WARS” for pure Profit!!!

THE STORY OF YOUR ENSLAVEMENT VIDEO

 

The Rumor Mill News Reading Room

THE STORY OF YOUR ENSLAVEMENT VIDEO

Posted By: Lymerick [Send E-Mail] Date: Tuesday, 4-Mar-2014 16:56:44

http://www.youtube.com/watch?v=Xbp6umQT58A&feature=player_embedded

Ukraine Is About Death Of The Dollar – Martial Law Coming Soon! (Videos)

Monday, March 3, 2014 11:56

By Susan Duclos

“Those wild and crazy Mayans put down their marker that the end of the world would occur on Dec. 21, 2012 — about two months from now. There is, of course, some small chance that they might be right. On the other hand, there is a very large probability that the real end of the world will occur around March 4, 2014.

The doomsday clock will ring then because the U.S. economy may fully crash around that date, which will, in turn, bring down all world economies and all hope of any recovery for the foreseeable future — certainly over the course of most of our lifetimes.” – Grady Means, October 2012

It is March 2014 and before detractors claim that March 4, 2014 is the predicted date, please note that in the quote it says “around that date” in the quote above, not predicting the actual date.

Which leads to an excellent article over at OmegaShock, who notes as I show in the first video below, that in 2011 and Obama official made it clear the goal was to “kill the dollar,” and just over a year ago, Doug Hagmann of the Hagmann and Hagmann Report also connected the dots about the killing of the US dollar.

Both those videos will be shown below mine so everyone can see how everything that is happening today was planned and orchestrated.

Before they ever started down this road, the US State Department and the alphabet agencies of North America and Europe knew that nothing of long term significance would occur in Kiev. They knew that any pro-EU coup would be temporary. They knew that Russia would move to solidify her presence in Crimea. They knew that far-right groups would muscle their way into this Ukrainian Revolution. They knew that Ukraine would be thrown into turmoil and cause further damage to an already damaged country. And… They knew that there would be no strategic gain to the EU or the US.

So, why did they do this?

Why did they invest several billion dollars in an activity that could only fail?

The answer is that it’s not going to fail because Ukraine is only a diversion – a misdirection. To quote Penn & Teller, it’s purpose is to lead attention away from a secret move. The next question is…

What is this ‘secret move’ that they do not want us to see?

 

The answer? 

Killing the US dollar… total, imminent, economic collapse.

All eyes are on Ukraine, the US destabilizing the Ukraine, Russia moving to protect their interests in the Crimea region and by the time all eyes start looking around again, the dollar will be dead, the economy near total collapse and Obama will have everything in place to declare martial law.

Watch all three videos and see if you agree.

 http://www.youtube.com/watch?v=EO_M_utJoeU&feature=player_embedded

http://www.youtube.com/watch?feature=player_embedded&v=ILKolTI1s50

Details from the video below:

From Doug Hagmann of Canada Free Press comes a chilling account of what’s in store for us if we continue to ignore the bare-faced warnings of the central power base..

Here: http://canadafreepress.com/index.php/…

Some might be surprised to learn that the fate of America’s economy has already been determined, verified and announced by the Obama White House. Yet, it has received scant attention from the corporate media. In 2011, economist Kyle Bass interviewed a senior member of the Obama administration about its planned solutions for fixing the US economy and trade deficit[ia].

Among the questions he asked was about U.S. exports and wages, but the question itself was not nearly as important as the response he received from this senior administration official. In fact, this single, seven word response clarifies everything, explains everything, and leaves little else to discuss: “We’re just going to kill 

http://www.youtube.com/watch?v=_F7bM63ZfWQ&feature=player_embedded

 http://beforeitsnews.com/economy/2014/03/ukraine-is-about-death-of-the-dollar-martial-coming-soon-videos-2600304.html

 

 

The New Exchange Rate System

M1 Money Supply and Inflation

By JC Collins

Dong to Dollar

Purchasing Power Parity and Arbitrage are two terms that everyone should make themselves aware off as the world’s economy moves closer toward a centralized SDR trade system through the International Monetary Fund with accounts balanced by the Bank for International Settlements.

Purchasing Power Parity is the balance between exchange rates when there is also balance in the domestic purchasing power of the currencies.

 

Arbitrage is taking advantage of the price imbalances between markets and profiting from the market differentials.

Arbitrage cannot exist alongside Purchasing Power Parity.

M1 money supply refers to physical currency as well as checking account deposits.

For your reference, M2 money is M1 money plus savings accounts and money market accounts.

And M3 money is M2 money plus large deposits and other long term large deposits, such as larger liquid assets as well as short term repurchase agreements.

Keep these terms in mind as we further define the structure and mechanisms of the emerging multilateral system.

As an extension to the SDR’s and the New Bretton Woods series, let us discuss a much talked about and confusing aspect of the system.  When the currencies of the world are released from their peg to the dollar and pegged to the SDR supra-sovereign currency which we have been reviewing, there will in fact be a new exchange rate structure.

What this structure will be has not yet been made available to the general population.  All the talk of specific exchange rates and timing of release of the rates are not founded in facts or accurate information.

And on the flip side of that there are those who are stating that a Global Currency Reset is a conspiracy theory.  To these people those that proclaim such a future “event” apparently do not understand the micro and macro of economic fundamentals or how exchange rates and money supply truly work.

Their argument appears very logical on the surface.  As a country increases its money supply through debt creation and currency printing, the value of that currency decreases.  More money in circulation means more devaluation of that currency, basic supply and demand principles.  So how can a currency revalue upward when there is so much of it in circulation?  Makes sense right?  Wrong.

If the key performance indicators (KPI) of any countries M1 money supply were that elementary, then we would live in a much simpler world.  We can make many examples of why this isn’t the case but none is more obvious than that of the U.S. dollar itself.

If more money in circulation meant a decrease in the value of that currency on the exchange rate market, then the dollar would be almost worthless today, much like the dong and other currencies.  More U.S. debt (money creation) has been added in the last 6 years than the entire history of the U.S. itself, from George Washington to George W. Bush.  Yet the dollar’s exchange rate has maintained itself within a small range of fluctuation.  The reason that the dollar has maintained this exchange rate over the years tells us that there are other KPI’s which need to be factored into the equation when measuring a countries exchange rate and inflation level, outside of direct manipulation of course.

Some of these indirect KPI’s are imports and exports.   And there is no direct relationship between M1 money supply increases and inflation.

Final_Shifted_M1_and_CPI

Since 1944 the U.S. dollar has been the reserve currency which means that international trade imbalances have been settled in dollars.  This forced other countries of the world to hold dollars which allowed the U.S. to export the majority of its inflation.

As the U.S. printed more money, expanding its M1 money supply, the inflation which should have settled domestically was in fact exported to the very same markets that were forced to hold a reserve of U.S. dollars in order to balance their trade accounts.

As we reviewed in “Why the Vietnamese Dong Will Reset”, the State Bank of Vietnam was indirectly forced into devaluing their currency in order to attract trade and also be a dumping ground for U.S. inflation as the Vietnamese people used the dollar instead of the dong in their everyday lives.

As the new centralized system of SDR allocation emerges between now and 2018 we will see less U.S. dollars in the foreign reserves of other countries.  As an example, in the last 5 years Vietnam has decreased their dollar holdings by almost 50% and at the same time have increased their gold holdings dramatically.  Interestingly enough, their SDR holdings also increased by a factor of more than 400%.

The question of what Vietnam will do with the trillions of dong that are now in circulation is a legitimate question.  When the exchange rate of the dong adjusts to reflect the economic reality within the country, these trillions of dong cannot be in circulation, as it would create an M1 money supply that is disproportionate to the actual economic weights used for the SDR composition.

Therein lays the solution to the problem.

Keeping with our pattern theme of transitions from micro to macro states, we start with the process of the dollar, the world’s reserve currency, being printed and exported to the central banks of the world to facilitate trade.  The inflation and exchange rate decreases that would be logically associated with this increase in the M1 money supply is hidden or sunk into the markets of the emerging economies.

As the world shifts towards the SDR system we will see a similar process unfold.  In essence, Vietnam will export their inflation (current M1 money supply) into the SDR bond system just like the United States has been exporting its inflation into emerging markets and countries like Vietnam through trade imbalances.  What we will see is Vietnam slowly begin to buy back the dong in circulation and re-capitalize it through the SDR bonds.

Once a predetermined level has been achieved the rest of the dong M1 money supply will remain in circulation and be pegged to the multilateral SDR and not the U.S. dollar.  In fact we are beginning to see this process unfold already in the numbers we presented above.  This slow trickle will eventually become a stampede out of dollars and into SDR’s.  It will be the same for every country.

The U.S. debt will also be rolled into SDR’s and factor into the overall economic weight of that country’s SDR composition.  This is where the substitution account we referenced in Part 6 of the SDR series becomes invaluable.  This substitution account will act as a transition market for dollars to SDR’s to ensure that current holders of U.S. debt do not see that asset value decrease dramatically as the system shifts.  China will utilize this substitution account just as much as the United States Treasury and Federal Reserve.

China will not be dumping dollars.  They will transition the dollar debt which they hold into SDR’s through this substitution account.  The one aspect that is holding the process up right now in the American Congress (2010 Code of Reforms) is how this dollar to SDR transition will factor into China’s overall SDR composition for the renminbi.

This is one of the hardest aspects of this new system to understand, which is why it is still being negotiated.  It would do us well to spend more time in the future exploring the different angles involved in the Great Consolidation aspect of the Global Currency Reset.  One cannot exist without the other.  It has been intentionally designed this way.

Most don’t know this, but the Syrian pound is already pegged to the SDR, and has been for about 5 years.  One can only speculate if this has something to do with the civil war in the country.

What some analysts don’t factor into their equations is how much the economic system of the world will change, and is changing, as we move towards the multilateral monetary system with all the currencies of the world pegged to the SDR.  For those who doubt the reality of this new system, the volume of information that has been available and is coming available would seem to prove its existence.

The new system will create Purchasing Power Parity and at the same time eliminate Arbitrage.  Arbitrage is one of the economic weapons that the small rent seeking elite use to transfer wealth from the larger disorganized masses.  The M1 money supply will most likely also be redesigned to more accurately measure the weights of the new SDR system.     – JC Collins

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