When I read the Declaration of Independence and see the usurpations committed by the tyrant King George against our forefathers (who at the time were labeled terrorists), I have come to the conclusion that our forefathers knew better than any the acts of a tyrant. For example, James Madison, known as the father of our Constitution, said, “If tyranny and oppression come to this land, it will be in the guise of fighting a foreign enemy.” He also quoted, “The means of defense against foreign danger historically, have become the instruments of tyranny at home.”
When I look within America, I can see that since 9/11, the media elites have (of course, with the use of fear) inundated the American people with the fact that we have a foreign enemy of Islamic radicals trying to destroy America by any means necessary. I then noticed that it wasn’t a foreign enemy who they made the target; it was now the American Constitution and the people. I also noticed that it was not a foreign government asking us to give up our rights; it was our own government (and always under the guise of our “safety” and “security”).
According to Obama, terrorism is no longer applicable to Islam. Could it be because Muslims call him their own? That being the case, who are the terrorists? There are some in government today who want you to look past themselves in hopes that they can now make terrorists out of whomever disagrees with them and their administration. It’s not a foreign government that is trying to tear down the Constitution and recreate it in their own image; it’s Obama and his administration.
Let’s parallel foreign attacks on America vs. Obama’s attack on America, and see which one’s more destructive. You decide:
The Internal Revenue Service has been seizing money from the bank accounts of individuals and businesses with no proof of any crimes nor any charges filed.
Now, the IRS claims that it will stop — but will it?
Using a law, the Civil Asset Forfeiture Reform Act of 2000, that allows the feds to seize money from suspected gangsters, drug dealers and terrorists, the IRS has put innocent people into bankruptcy and massive debt and taken the money a military father saved from his paychecks to put his kids through college, solely by tracking the amounts that people put into their bank accounts.
When no criminal activity is charged, The New York Times reports, the IRS often negotiates to return only part of the seized money, leaving impoverished citizens with little option but to either accept the IRS’ offer or continue a lengthy and very expensive legal battle to try to get their legitimately earned money back.
The problem has been growing. The Institute for Justice estimates that from just 114 seizures in 2005, the IRS made 639 seizures in 2012, and in only 20 percent of the cases were any criminal charges ever pursued.
Under the Bank Secrecy Act, banks report transactions larger than $10,000 to federal authorities, but also report a pattern of regular, smaller deposits which appear designed to get around the act. This alone can be enough to trigger a seizure, the Times reports, and banks filed over 700,000 “suspicious” reports last year.
One involved a 27-year-old Long Island candy and cigarette distribution company, Bi-County Distributors, which made daily cash deposits, usually under $10,000. When the IRS seized $447,000 from the company, it refused to return it, despite the fact that there was no crime to prosecute, and instead offered a partial settlement.
The company is now $300,000 in debt and attorney Joseph Potashnik told the Times, “I don’t think they’re (the IRS) really interested in anything. They just want the money.”
Army Sgt. Jeff Cortazzo was saving up for his daughters’ college education when the IRS seized $66,000 of his money – it cost him $21,000 to get the remainder back.
Richard Weber, the chief of Criminal Investigation at the IRS, said in a written statement in response to the Times story, “After a thorough review of our structuring cases over the last year… IRS-CI will no longer pursue the seizure and forfeiture of funds associated solely with ‘legal source’ structuring cases unless there are exceptional circumstances justifying the seizure and forfeiture and the case has been approved at the director of field operations (D.F.O.) level.”
Federal Seizure Program Is Windfall for Local Police
I have been warning everyone that the gold and silver derivative markets were being “set blaze” for the last few months and that the backrooms of these major participants (Deutsche Bank, JP Morgan, Citibank, HSBC, et al) are being gutted. These banks are not long for this world.
News coming out this weekend that a MAJOR, MAJOR player in this “Mafia-Like” banking cabal has been found dead in the midst of the chaos.
Check this out:
Deutsche Bank Lawyer Found Dead by Suicide in New York
(Reuters) – A senior Deutsche Bank regulatory lawyer has been found dead in New York after committing suicide, New York City officials said on Saturday.
Calogero Gambino, 41, was found on the morning of Oct. 20 at his home in the New York borough of Brooklyn and pronounced dead on the scene, according to New York City police.
Gambino was an associate general counsel and a managing director who worked for the German bank for 11 years, according to the Wall Street Journal, which first reported his death.
He had been closely involved in negotiating legal issues for Deutsche Bank such as a probe by regulators of banks over allegations they manipulated the Libor benchmark interest rate as well as currency markets.
Gambino was also an associate at a private law firm and a regulatory enforcement lawyer between 1997 and 1999, the Journal said, citing Gambino’s LinkedIn profile and conference biographies.
END
Yes – this likely part of the Gambino crime family is knee deep in gold and silver derivatives…surprise! The Gambino family found out long ago that a life of crime in the Stock Market is much cleaner and much easier than the ways of their ancestors!
The “Good Guy run” Zerohedge (of course) put two and two together with the previous suicide of Deutsche Bank’s William Broeksmit back in January…
Another Deutsche Banker And Former SEC Enforcement Attorney Commits Suicide
“Another exhibit released by Levin was an August 25, 2009 email from William Broeksmit to Anshu Jain, with a cc to Ramakrishna, where Broeksmit went into copious detail on exactly what the scheme, internally called MAPS, made possible for the bank and for its client, the Renaissance Technologies hedge fund.”
“Broeksmit goes on to say that most of Deutsche’s money from the scheme “is actually made by lending them specials that we have on inventory and they pay far above the regular rates for that.”
“Recall from around the time when the first DB banker hung himself: it was then that Elke Koenig, the president of Germany’s top financial regulator, Bafin, said that in addition to currency rates, manipulation of precious metals “is worse than the Libor-rigging scandal.”
“It remains to be seen if Calogero’s death was also related to precious metals rigging although it certainly would not be surprising. What is surprising, is that slowly things are starting to fall apart at the one bank which as we won’t tire of highlighting, has a bigger pyramid of notional derivatives on its balance sheet than even JPMorgan, amounting to 20 times more than the GDP of Germany itself, and where if any internal investigation ever goes to the very top, then Europe itself, and thus the world, would be in jeopardy.”
END
So here’s what we have to look forward to next week…
– Breaking stories of the largest derivative holder in the world, Deutsche Bank, having derivative problems in their quarterly report to be released on the 29th.
– News over the weekend of at least two newly suicided banksters that dealt in complicated derivative transactions…potentially more on the way.
– Ebola outbreaks in New York City as fear spreads throughout the subway every time someone sneezes.
– The long term manipulation of the stock market bubbling up to it’s all time highs.
and…
– With physical Gold and Silver demand at ALL TIME HIGHS the manipulated prices are at 5 year lows…
PS – Hundreds of trillions in derivative transactions going sideways might sound bad for the Banks but it’s 100x worse for the Average Joe who saved his whole life and put his money into their system for retirement. Sean and I have tried to spread the truth and we are closing in on 200,000 views of this explosive interview…
The Shocking Truth the History Channel Can’t Tell You!
Compiled by Sterling D. Allan Pure Energy Systems News
October 26, 2014
Wow, it looks like the day has finally come that we get to make the big announcement that one of the exotic free energy generators has made it to market. Patrick Flanagan, who just purchased a 5kW system, brought this one to our attention.
GDS Technologies LTD, out of Ontario, Canada, has a water-powered, portable genset available for sale on their website, in output sizes of 5 kW, 10 kW and 15 kW, at a price of around $1000/kW. They say they can also custom build these in sizes up to 50 kW. It is controlled by a simple on/off switch.
It is much less than half as loud as a gasoline or diesel genset of the same power output. One tank of water (e.g. 4 gallons for the 5 kW) will run the device for three days; or you can hook a hose up to it (there is a check valve), and not worry about refilling the tank. It emits no pollution, no fumes, so it can be run indoors.
They will ship globally. The 15-day money-back guarantee doesn’t include duties and shipping fees. “Please allow up to 14 business days,” for shipping probably refers to Canadian orders. International probably takes more.
Let them know PES referred you, for a likely discount and commission for PES. (We’ve requested this relationship and are waiting to hear back. Wouldn’t hurt to mention it.)
Their Alibaba listing for their GDS 3000 system says they have 400 in stock.
Actually, I’m surprised we’ve not heard of them before now. Their YouTube video has been up since September 7, with over 2000 visits, and their Facebook page was first populated with news about this on August 24.
They list their devices as suitable for applications such as emergency back-up power, camping, motor homes, construction sites; so I presume they haven’t gone through UL or CE hoops yet to allow home power generation without jeopardizing home warranties, etc. In one of our Facebook comments, Kenneth Segovia says: “Can you imagine putting something like this in the Tesla car?”
It seems they’ve been very conscientious in their design, putting in safety features (circuit breakers and emergency stop button), redundancy (e.g. 2 batteries instead of one, to start it up).
Maintenance involves draining the water tank and spraying it with a garden hose every 3 months. The water needs to be clean that it runs on, and not salt water.
As for running it, they say: “When you receive your new portable water generator just add 4 gallons of normal water in the tank and turn the red toggle switch to on position (emergency safety) that will start the battery and pump and turbine all at once. That easy. All units have been tested before leaving our facility. Instruction and warranty manuals will be supplied with every unit sold.”
If you are thinking of powering your house with one of these, you need to realize that it is not yet UL / CE certified, so you could be voiding your home warranty. For emergency back-up, you’ll want to make sure that you have a toggle switch to shut off from the grid completely when running the power from the genset into your service panel. If you’re doing only small loads, you could plug your genset into a wall plug, through a male-male connector, which will power up one of the two legs of the service panel; then run an extension cord to another wall power plug from the other leg of the service panel, and the entire panel will be powered. Again, make sure you’re disconnected from the grid if you do this so you don’t jeopardize any linemen. Bear in mind that the wires going to that wall plug are 12 or 14 gauge, and limited to maybe 15 amps, so you’ll not want to surpass that in the load you draw elsewhere in the house, or you’ll trip the circuit breaker. You could double this limit by plugging into two separate circuits through the wall plugs, such as from two different rooms — ditto for the other leg of the service panel.
After we get some kind of validation that this is for real, we’ll be bumping it to #1 in our Top 5 listing.
Edward J. Snowden with the journalist Glenn Greenwald in the documentary “Citizenfour.”Credit Radius-TWC
LOS ANGELES — Early in Laura Poitras’s documentary “Citizenfour,” Edward J. Snowden, who exposed vast electronic surveillance by the United States government, tells what pushed him to go public.
“As I saw the promise of the Obama administration betrayed, and walked away from,” says Mr. Snowden, referring to drone strikes and invasive monitoring by the National Security Agency, “it really hardened me to action.”
But do some of President Obama’s staunch Hollywood supporters share his sentiment?
Her provocative, and deeply admiring, look at Mr. Snowden — which had its premiere at the New York Film Festival on Oct. 10 — arrived here this week amid high hopes, intense curiosity and more than a few raised eyebrows over its sharp critique of Mr. Obama, a president who has enjoyed strong support in the movie world.
The intrigue is especially pitched because several of the companies behind “Citizenfour” — which takes issue with Mr. Obama’s expansion of Bush-era surveillance, and his administration’s attempt to prosecute Mr. Snowden for espionage — are led by some of the president’s close political allies.
They include Harvey Weinstein, the Weinstein Company’s co-chairman, as well as Jeff Skoll, the founder of Participant Media, and Richard Plepler, the chief executive of HBO, who all have been major contributors to Mr. Obama’s political campaigns.
“Citizenfour” has already landed high on the handicappers’ lists of prospects for a documentary features Oscar. The film also promises to jolt the award season with a dose of real-world politics, as happened in 2012, when Steven Spielberg’s “Lincoln,” Kathryn Bigelow’s “Zero Dark Thirty” and Ben Affleck’s “Argo,” the year’s best picture, converged on Washington, with screenings, receptions and a Congressional uproar over the portrayal of torture by Americans in Ms. Bigelow’s film, which was about the hunting down of Osama bin Laden.
The role that Mr. Weinstein, whose Radius-TWC unit is backing the film (and distributed last year’s Oscar-winning documentary “Twenty Feet From Stardom”), will play in promoting “Citizenfour” remains unclear. In the past, he has not shied from using his association with Mr. Obama to promote issues-oriented movies. These include the biopic “Mandela: Long Walk to Freedom,” which had a much-publicized White House screening last year, and the documentary “Bully,” which was screened for Mr. Obama in 2012, just minutes after he announced his support for a pair of anti-bullying bills.
Also in 2012, Mr. Weinstein arranged a high-profile Washington showing of his “SEAL Team Six: The Raid on Osama bin Laden,” raising complaints that its flattering portrayal of Mr. Obama — who was edited into the film before its election-week premiere — amounted to a campaign stunt.
On Tuesday, it was the Radius-TWC co-presidents, Jason Janego and Tom Quinn, and not Mr. Weinstein, who played host as Ms. Poitras introduced “Citizenfour” to film buffs and some potential Oscar voters at the Los Angeles County Museum of Art.
“The film is certainly about the danger of N.S.A. surveillance, but it’s also really about courage,” Ms. Poitras said. (The movie’s title comes from Mr. Snowden’s self-designated code name when he began communicating with Ms. Poitras.)
In a later phone interview, Mr. Quinn and Mr. Janego said they had exercised considerable autonomy in acquiring rights to “Citizenfour” after Mr. Quinn visited Ms. Poitras to discuss the unfinished film at her home in Berlin. Both stressed that Mr. Weinstein and his brother, Bob, co-chairmen of the parent company, were not a driving force in the decision to distribute the film, which is to open on Friday in Los Angeles, New York, San Francisco and Washington.
“We did not see the actual film until very late in the process,” Mr. Quinn added.
Promotional screenings and talks are likely among the tech crowd in San Francisco and among political types in Washington, but scheduling has been hampered by that late delivery, he said.
The potential power in “Citizenfour” lies less in its revelations — though its ending points to the existence of another, as yet unidentified, government-surveillance whistle-blower — than in its intimacy and attempt to make narrative sense of the disclosures by Mr. Snowden, a former N.S.A. contractor.
At the film’s core are startlingly close encounters with Mr. Snowden, shot during eight days in a Hong Kong hotel room in 2013, as he began revealing secrets of the N.S.A. to the journalists Glenn Greenwald and Ewen MacAskill, and wrestled with the implications of his leaks. At one point, in nearly silent pantomime, he reshapes his beard and restyles his hair, preparing to slip from the hotel and eventually seek refuge in Russia.
The footage of Mr. Snowden is framed against shots of Mr. Obama and members of his administration, first denying the existence of domestic surveillance, then promising a review of programs, and finally insisting on Mr. Snowden’s prosecution.
In the Oscar race for best documentary, “Citizenfour” is likely to find itself up against some less volatile documentaries. Among those are “Red Army,” about Soviet hockey stars; “Life Itself,” about the film critic Roger Ebert; and “Tales of the Grim Sleeper,” about the predations of a serial killer in South Los Angeles.
But “Citizenfour” recalls a different political dynamic, in 2004, when Mr. Weinstein introduced Michael Moore’s anti-Bush “Fahrenheit 9/11” at the Beverly Hills headquarters of the Academy of Motion Picture Arts and Sciences with a personal tribute to Mr. Moore. The two received a roaring ovation from like-minded Academy members.
But “Fahrenheit 9/11” won no Oscars. It was ruled out of the race when Mr. Moore chose to air it on pay-per-view television shortly before the presidential election.
This time around, though, some key voices are quieter.
Mr. Plepler, whose top documentary executive, Sheila Nevins, is an executive producer of “Citizenfour,” has not yet seen the movie, an HBO spokesman said. Mr. Skoll, through a Participant Media spokeswoman, declined to comment when asked whether he had concerns about the film’s view of Mr. Obama. In an email, referring to Mr. Quinn and Mr. Janego, of Radius-TWC, Mr. Weinstein said: “This is Tom and Jason’s show. They have autonomy, and it’s all their call.”
Mr. Janego, on Wednesday, asserted that Ms. Poitras’s cinéma vérité approach leaves a comfort zone for both those who support Mr. Snowden and those who find his actions offensive. “You’re left to make up your own mind,” he said.
[7:42:15 AM] Neil Keenan: HAIL HAIL TO THE REPUBLIC OF THE UNITED STATES OR NOT????????? HAS THE CORPORATION FINALLY STEPPED DOWN? THIS IS WHAT I HAVE FOR NOW.
[2:28:08 PM] Neil Keenan: Listen I am not sure if this is true or not but I believe not and I bring it to you so you know what it is like to wait for the rightful answer.
in its entirety…..I will know for sure later but for now this is what I have received and I doubt if true but you never know. I know some of the names and some are and some are not real players and have been involved in things off color over the years. Here you are. We are on top of it.
[2:28:17 PM] Neil Keenan: BREAKING NEWS:
1. At 2 pm Obama signed with the Chinese, bankrupting the Federal Reserve and the Federal Reserve is being swallowed up by the UST under new leadership.
2. At 6 PM PST, Robert Won is going to go in and sign over the gold.
3. At Midnight EST the Organic Act of 1871 is repealed and the US Corporation is NO MORE. Long live the REPUBLIC OF THE UNITED STATES, ONE NATION UNDER GOD WE TRUST!
4. At Midnight PST, “the Admiral” goes in.
5. At midnight PST, IRAQ goes in to include the REINSTATEMENT rate of 3.58 internationally and with a $6 – 8.00 US rate, to gather in IQD for oil credits.
6. General Ham is taking over the US Government and Commander Fairfield is taking over the Treasury.
[2:28:31 PM] Neil Keenan: I will let you know asap…..
Last Friday it was revealed that the purpose behind Secretary of State John Kerry’s visit to Saudi Arabia a few weeks back was to sign a secret deal by which the leading OPEC state would saturate the markets with excess oil and cause prices to fall for the global commodity. This move would have the consequence of causing vast harm to the Russian Rouble, and increase inflation and price instability for the Eurasian state.
However, on Oct. 13 Russia‘s strongest ally and member nation in the BRICS coalition signed its own deal with the Eurasian power to not only help stabilize prices for the beleaguered economy, but increase direct non-dollar trade with a 150 billion currency swap deal through which Russian Roubles are traded directly for Chinese Yuan. This new deal will have the effect of bypassing the dollar and the the reserve currencies overt effects on the Rouble that is part of the ongoing proxy war between America and the East, and also mitigate some of the consequences of the secret Saudi oil program.
China is ready to export agricultural products and oil and gas equipment to Russia, China’s Vice Premier Wang Yang stated Saturday.
“China is willing to export to Russia such competitive products as agricultural goods, oil and gas equipment, and is ready to import Russian engineering products,” Wang Yang said during the 18th session of the Russian-Chinese Commission for the Preparation of Regular Meetings of the Heads of Governments.
And the cherry on top came moments ago when, as if to assure all involved parties that there will be enough capital support on both sides, the PBOC released a surprising announcement that the central banks of China and Russia signed a 3-year, 150 billion yuan bilateral local-currency swap deal today, according to a statement posted on PBOC website. Deal can be expanded if both parties agree, statement says. Deal aims to make bilateral trade and direct investment more convenient and promote economic development in 2 nations. – Zerohedge
The significance of this deal is two-fold. First, by allowing for Russia to have direct trade between themselves and China in their own national currencies, Russia can mitigate some of their escalating price inflation within their country that is a direct result of Saudi Arabia’s overt actions to drive down the price of oil. Secondly, by facilitating the purchasing of Chinese products without the use of the dollar as a middle-man, Russia puts even more pressure on Europe who is hemorrhaging trade that had been a mainstay between the EU and Russia, and which is now accelerating Europe’s path into recession.
As long as oil is denominated in dollars in the global market, the U.S. can and will use its control over the petro-dollar and reserve currency to inflict economic war against any and all nations that do not cede to American national policies. And with the U.S.’s current desire to escalate chaos in both Ukraine and Syria, and to keep Russia out of the picture and unable to protect their new and long-standing allies by disrupting their economy and currency, today’s intervention by China may be the key in allowing Russia to stabilize prices within their economy, and to inflict greater harm to America’s allies who still are beholden to dollar denominated trade.
Many people have sent me the following article related to a huge meeting next week with the heads of the US and UK financial regulators. The meeting has to do with the ability to wind down large “Too Big to Fail” banks. Here’s one of the articles:
U.S. and UK to test big bank collapse in joint model run
“Treasury Secretary Jack Lew and the UK’s Chancellor of the Exchequer, George Osborne, on Monday will run a joint exercise simulating how they would prop up a large bank with operations in both countries that has landed in trouble.”
“Also taking part are Federal Reserve Chair Janet Yellen and Bank of England Governor Mark Carney, and the heads of a large number of other regulators, in a meeting hosted by the U.S. Federal Deposit Insurance Corporation.”
END
In the face of it it doesn’t seem like such a big deal but how many times have we heard of “exercises” and “simulations” being scheduled and run the very same day as an actual false flag event happens??
Disgusted Journalist Spills the Beans and Admits All the News is Fake!
A top German Journalist and Editor Dr. Udo Ulfkatte has just gone public with some shocking admissions. He basically admitted what all of us who read the alternative media such as BeforeItsNews have known for a long time – the entire mainstream media is totally fake! He went into a very detailed talk in this video and spilled the beans about everything! He talked about how the CIA gets control over all of the major journalists. He is sick of the lying and decided to go public with everything he knows. He’s already had 3 heart attacks and decided he didn’t care anymore about what they would do to him! He’s a real hero in my book!
This is an amazing video that must be shared with every human that hasn’t woken up yet and still believes anything they see on Fox News and the rest of the fraud media in the United States! For the first time in history a well known journalist has come forward and told all the secrets! Our news is completely FAKE and he tells you how it operates! Get the word out about this video and be sure to read this amazing article from Dr. Preston James of VeteransToday where I found the video.
This is a MUST READ article that explains everything going on in America today by a man they’ve tried to kill many times!
You must also read Preston’s other two masterpieces in this series that give the most accurate picture of how the crime syndicate has taken over the planet. These two articles cover everything and will answer all of your questions that nobody else talks about because they don’t know! He even covers what he’s learned from his high level contacts about the aliens and how they fit into everything. Preston is a good man and a Christian. He has had access to much classified data and that’s why the crime syndicate has tried to kill him many times. God has protected him, and led him to the truth about many things so others may learn and share with others.
Their amazing articles are still being censored by the controlled opposition (tip of spear types) in the alternative media! Don’t let those that censor the hardcore truth put out by patriots at VeteransToday run out the clock on us so we get put in the FEMA camps for organ harvesting as that is the plan of the people that run DHS!
Support the patriots and veterans at VeteransToday. Once you read their stuff and listen to their interviews through “Veterans Today Radio broadcasts”, you’ll never trust anybody that censors their stories again! You’ll know that the ones censoring their information are working for the ones that want to put you in the FEMA camps! No real patriot would censor their stories. My hat is off to BeforeItsNews who has never censored the articles from VeteransToday
It’s up to all of you that read this story. Do whatever you can and increase your efforts at spreading the truth. Don’t support anybody that censors US Intelligence (VeteransToday) because they are the only ones putting out all the truth and are the only ones that can do something about it! Those in alternative media that are censoring VeteransToday are aiding and abetting the Illuminati crime syndicate that wants to put you in a FEMA camp! I’ve seen this censorship time and time again when I ask those in alternative media with the famous names why won’t they report on the information on VeteransToday? They run away and hide from me! Go do the test yourself. Contact all these big names – you’ll be lucky if you even get a response from most of them!
Censorship and lying should never be tolerated in the alternative media. You stopped listening to the mainstream media because you found out they were lying and censoring important information from you! Why would you trust anybody in the alternative media that pretends that VeteransToday doesn’t exist? Why would you trust anybody that didn’t report the Snowden information that proves 9/11 was nuclear and went over exactly who did it? Only VeteransToday had the guts to release to the public and BeforeitsNews never censored me from writing about it so they are putting out more truth than the biggest names in alternative media! Think about that before you buy your next round of Iodine from a radio show host! Did this person tell you some of the things I have told you in the last 6 months of my articles? If not, then why are you giving them money? Thanks again to all those in the alternative media that have helped spread the information I have put out this year. You are the real heroes because you are waking people up to the hardcore truth that can put people in prison and get our country back. We have their names now because Snowden gave them to us! Snowden gave the secret bank accounts to the traitors in our Congress! US Intel made sure that some of those accounts are now frozen so the bad guys can’t get their money! Support VeteransToday so they can make sure they go to prison for their crimes! The more people that learn about the information at VeteransToday, the sooner we get our country back! I invite all of you to get my free ebook, “How to Spread 1,000 Times More Truth” and let’s smash the lies of the new world order harder in the next 6 months than we’ve done in the last 6 years! We can do it together!
“This 9/11 data dump is so radioactive the US Government will likely collapse. The world will never be the same when nations everywhere see this report!”
– Veteran 9/11 Investigator
Huge caverns of “melted granite” were found below the foundations of the Twin Towers. Were they caused by thermo-nuclear explosions detonated to obliterate the steel reinforced, cast concrete, tubular core structure of WTC Buildings 1 & 2?
The evidence is now clear and indisputable that the false flag operation carried out on September 11, 2001 was a multi-nation conspiracy. The USA, Israel, Saudi Arabia and UK have each been proven to be directly involved with the execution and coverup of this crime against humanity.
There were other state actors and intelligence agencies involved such as Pakistan’s ISI; however, the US Federal Government and Israeli Secret Services are by far the most complicit. The voluminous amount of circumstantial evidence alone both indicts and convicts the US Government of crimes against its own citizenry. Likewise, Israel’s fingerprints are all over the 9/11 crime scene and directly related criminal activities.
Enter Russia … Edward Snowden … and the Alternative News Media
When Edward Snowden opted to stay in Russia after fleeing the USA little did he know that the NSA treasure trove he absconded with would serve as the basis for so much 9/11 revelation. The existence of this extraordinary cache of NSA evidence documenting criminal activity conducted at the highest levels of government has empowered Russia to reveal 9/11 Truth with unimpeachable authority. Hence, the Kremlin now conducts periodic and strategic data dumps concerning the real facts surrounding the events of 9/11.
As long as the Anglo-American Axis, the European Union, and NATO continue to antagonize and persecute Russia, why would they not continue their “massive download” of 9/11 evidence which indicts the original accusers. The coup d’état conducted by the CIA, MI6 and MOSSAD in downtown Kiev only served to further inflame an already justifiably angry Russia.
Putin Plays Chess While Obama Plays Checkers
While the USA & Company issues one sanction after another, it is Putin who owns the critical pieces in the critical places on the ever-changing geopolitical chessboard. Not only can Russia shut down the Ukraine economy in a day and a night, much of Europe can be left out in the cold this coming winter season. Much more importantly, however, Russian social networks can download HUGE amounts of 9/11 evidence about the true false flag perpetrators in a New York Minute.
Whereas Russia has yet to do just that, the Kremlin has permitted the release of earth-shattering material which is generally known on the internet as 9/11 Truth. The world is starving for such unvarnished and genuine truth in view of the fact that those false flag attacks have been systematically utilized by the real perpetrators to wage war against nations near and far.
That’s all about to change in 2014.
With the dissemination of the most recent round of 9/11 Truth, the guilty state actors have been painted into the corner … WITH NO WAY OUT. When a nation such as Russia, which possesses an intelligence apparatus second only to the USA, provides high integrity information and data pertaining to the 9/11 false flag operation, and Edward Snowden is backing it up with NSA-generated hard evidence, how can the real perps possibly squeeze out of that corner?
The internet has seen to it that no one can hide in 2014 and beyond … not in Paraguay, not in Pine Gap, nor in Punxsutawney, Pennsylvania. What do we mean by this?
The following bullet points were extracted from one of the most earth-shaking interviews ever conducted on radio. This truly extraordinary interview took place among a group of 9/11 Truth seekers whose collective knowledge base, deep/broad experience set and access to insider information qualified them “to blow the lid off ” the US Government-coordinated conspiracy to commit high treason, mass murder, grand theft and premeditated acts of state-sponsored terrorism.
The YouTube video of this unprecedented interview is shown below, as is the original hyperlink. This particular link has also been used for the following bulletized transcription of many of the key points concerning 9/11 Truth that were discussed. Many of those points have the YouTube time posted for ease of referencing.
Veterans Today Radio Interview on 9-22-14 With Gordon Duff, Jim Fetzer, Preston James And Stew Webb
Transcription (with paraphrasing) of the interview key points begins here:
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
World trade center destroyed by nuclear weapons. Documents in hand prove source of materials for these weapons.
Able Danger investigation proved that the FBI was complicit in the 1995 Oklahoma City bombing. Mossad Agent Monica Lewinsky was set up to get Clinton to stop investigating the Oklahoma City nuclear event.
40:01Real Able Danger established after Oklahoma City bombing, to investigate a group that included a rogue organization within the CIA, Israeli, and Saudi Intelligence. Able Danger pre-report lists CIA [part of Able Danger investigation], The Mossad, and Saudi Intelligence, were operating in the USA as terror cells who called themselves by a code name = Al Qaeda
Able Danger investigated theft of nuclear material, and the Dept of Energy, stating a high-ranking individual within US Energy Dept, perhaps the Director himself, was an Israeli agent who made available to Viktor Bout, and those working with him, could have been a brother of President George Bush, and the Prime Minister of Israel, and the Prime Minister of South Africa at that time, were all directly involved.
44:00Gordon Duff pulls up report Russians sent to him that lists people who planned destruction of the World Trade Center in NYC. 9/11 attacks were partially done as nuclear blackmail, and also to stop Able Danger investigating theft of over $200 trillion and 350 nuclear warheads. Gordon has documents from the Russian government regarding Able Danger.
Is this the Nuclear Blast Hole beneath a WTC Tower that Dimitri Khalizov reported would result from a 150 KiloTon Bomb underground nuclear explosion?
CRITICAL:
Department of Energy supplied information on nuclear “pits”, the center of warheads that were sent to Pantex [“the United States’ only nuclear weapons assembly and disassembly facility” (Wikipedia — Pantex Plant)], Amarillo, Texas to convert into fuel. Some pits were configured in such a way to remanufacture into nuclear weapons. Some pits had deteriorated to such an extent, and were of a configuration that if someone tried to manufacture them, it would be the last thing they ever did! The pits removed from there; if you thought you could enter a nuclear reprocessing facility and just grab something off the shelf [MOX plutonium], without detailed, exceedingly classified information about the chemical make-up, design, and current condition of each of the 350 pits taken, it would be a complete waste of time and energy.
46:00They began cherry picking, to re-build the Israeli nuclear arsenal after the Dimona reactor operation had crashed between 1988 and 1994. Colonel James Henke, Attaché to Israel, and now Editor of VT, was in the reactor on behalf of US government, investigating what happened within that reactor.
When the Israelis were no longer able to produce nuclear weapons, they found a way to just take them off the shelf in the USA. VITAL: The only way they could do that is with the help of a high level mole within the Dept of Energy who could tell them which ones to take. This is likely one of the biggest national secrets ever! We’ll go back to the make-up of the group involved in running this organization, which by the way is responsible for the FRANKLIN SCANDAL.
47:44This group controls members of Congress through running gambling money through Las Vegas and Macau, running prostitution and [rent boys] groups across the USA and through Washington, DC. It runs a massive blackmail organization out of Cuba. Stew Webb has confirmation from the NSA on this organization. This organization handles its cash through Bain Capital and the world’s largest retail chain aids them in doing this through banks that it owns; a massive money laundering operation.
48:46 Speaking from lists they have statingthe first Director of Homeland Security was listed as the head of Al Qaeda [insinuated to be Michael Chertoff]; the real Osama Bin Laden, assisted by US Attorney who had handled all 9/11 investigations. 50:40ISIL/ISIS is a total creation of the CIA, Saudi and Mossad Intelligence code named “Al Qaeda”. Individuals who initially set it up are still running it. This is why the government of Iraq announced on Sept 22, 2014, if Americans wanted to have boots on the ground, they have no interest in having anyone there, because of the involvement of these 3 organization, there isn’t anyone they can trust.
51:40 [JOHN] Latest invasion of Iraq and Syria not getting knee-jerk reaction from American public, and beheadings are all very likely false, too. Looks like they’re setting us up for a fake boogey man to do something very catastrophic to America to make us blindly go into another conflict.
52:05GORDON DUFF response: This is why I am saying what I am saying today. Gordon has an indication, and frankly it could have happened already were it not for so many whistleblowers on the internet exposing potential nuclear plots, that there is a nuclear threat against USA. Russians are an aware of this. There has been an exchange or not? Gordon will not box with Russians, who give Gordon information. The Ukrainian war went nuclear! The government in Kiev says it has. They are staunch allies of USA.
53:17 Osama Bin Laden was a phantom enemy created to mask the real enemy, and only enemy, the Director of Homeland Security. It turned out to be a horrible mistake that the USA hand fed weapons into al-Nusra ISIL, after code naming them Al Qaeda; that they burned up the name Al Qaeda. That was a good boogey man name to use. The real Osama Bin Laden, and head of Al Qaeda, was the Director of Homeland Security, and that’s ‘who’ ran Al Qaeda, with the help of a US Attorney [involved in the investigation], and head of Canadian distilling family — very well known and the wealthiest family in Canada, with the help of the Mayor of NYC, a NYC Police Commissioner, were involved in planning 9/11 according to these documents, the then President of South Africa, and the Prime Minister of Israel, the names go on, including a prominent White House Counter-Terrorism official [unnamed].
54:58 Names NOT listed in the document are Donald Rumsfeld, John Ashcroft, Dick Cheney, and George W. Bush. There are classification levels in that particular document that are not legal to list. Gordon can only say what is and what is not there.
55:34 On 9/11 the destroyed Pentagon offices contained a small G2 Unit [US Army G2 Branch Responsible for Intelligence and Security]; a highly classified Criminal Investigation Service. The part of the Pentagon that was hit was the site of the Able Danger offices. They were investigating missing nuclear weapons. This group under JPS UDP command, for those of you who work in government; that’s 35 out of 50 key investigators from Able Danger were killed in that attack. They were called into the office where the missile struck for an emergency general staff meeting that was running late, [the very same plot ran on television shows including the show “Homeland”]. John O’Neil (American counter-terrorism expert and Special-Agent-in-Charge in the Federal Bureau of Investigation) who was Chief of Security for the World Trade Center and died in the collapse of the Twin Towers on Sept. 11, was also known for trying to stop the 9/11 attacks and apparently murdered for trying to blow the whistle. Later, CIA agent Roland Carnaby was murdered by a Mossad agent in Houston Texas, who was also a Houston police officer. [During Q&A video around 1:11 During Pentagon attack, none of the higher ups or General Myers were present]. Gordon read this from amended notes after original 9/11 report in 2003. The real 9/11 report, not the cover up.
57:04 More curious things: People they were protecting in southern Manhattan from a nuclear attack on 9/11; CEOs of key firms working in the World Trade Center were invited to a private golf outing, but in reality were kept secure at Offutt Air Force Base in Nebraska. Golf outing was sponsored byWarren Buffet. Make of this what you will. Gordon cannot publish this document.
58:00 This investigation into theft of nuclear weapons is being handled by a federal grand jury in Houston, Texas that is still seated. There are a number of people currently in witness protection. There are numerous — “piles” — of witness statements involving people who had driven nuclear weapons in refrigeration trucks full of cow carcasses, the nuclear weapons were in boxes on the floor under the carcasses. The nuclear weapons were then sorted inside a refrigeration facility and transferred to fertilizer plants, ultimately moved through the Port of Houston. The truck drivers and people who butchered and cut up the cows who have made incriminating statements have been in witness protection for many years.
59:19 Obama blocking money laundering for a number of months, is the most dangerous thing he has done and is tied to these issues: tied to Wanta and his money, tied to NASA payoffs of people involved in 9/11 and subsequent financial crimes, and huge thefts out of the Pentagon, and why investigators in the Pentagon were killed, and computers destroyed. Records should have been stored on centralized servers. These are not stand alone computers with hard drives in them. Pentagon has stacks of multiple secure mainframes, and yet claim records were destroyed when computer terminals tied to the mainframe were destroyed. They don’t have a drive in them and you can’t even put a flash drive in them. General Meyers helped sequester key people during 9/11. (Q&A 1:32 Pentagon computers are EMP protected and stored deep underground.)
1:01:42 During 9/11 and confirmed; Israeliteams around NYC were being watched, and dancing Israelis were living in New Jersey, under investigation and being watched by an FBI Team headed by Special Agent Mike Dick. Mohamed Atta was seen meeting with them, the alleged 9/11 mastermind [imaginary box cutter]. Arrests were made; the only ones that were publicly held were the ‘dancing Israelis’ who were being investigated for smuggling nuclear weapons into the USA. Other groups were under investigation including Urban Moving Systems. One group was arrested on George Washington Bridge. They had planted explosives where the cables connect into the ground. They were arrested, and later released to an alleged FBI agent who was actually an Israeli Mossad agent ‘authorized’ to carry FBI identification. Arrest made by NJ State Troopers who released the 3 man Israeli team. Two more bombs were to be used on the Lincoln and Holland tunnels. Electronic warfare jammers were placed on several high rise buildings in Fort Lee, and around the bridge, and around the block by this group themselves. The dancing Israelis planted the jammers. Two of the RF jammers were recovered and are still in evidence, held in Houston, Texas.
1:04:18 Their job was to jam the Port Authority, and NYC fire department radios (the fire department radios did not work because the Israelis jammed them) No radio blackout issues, the radios were intentionally jammed. NY Office of the FTC recovered the jammers using detection equipment. We havea recording [tape] of this arrest, of the Israeli’s who tried to take out the George Washington bridge. New Jersey State Police arrested them.
1:05:14During one of the tunnel arrests on 9/11 a NYPD detective called Gordon Duff to indicate they had made an arrest, where a truck [they did not say Urban Moving Systems] which Gordon perceives it was. Since there was a road block going into the tunnel the truck driver tried a turn around. Gordon Gordon was informed this Commissioner ordered the release of these individuals; weapons and a bomb to destroy the tunnel were recovered in a vehicle [may not have been an Urban Moving Systems vehicle], with Israeli citizens in it, heading into the Lincoln Tunnel. Unsure about Holland Tunnel outcome; however, there are records of a plot being foiled. There was a group arrest and they were released to the NYC Police Commissioner and never seen again. NYC Police Commissioner later went to prison. We want to thank to Edward Snowden, Intelligence Agencies of Russia who answered so many questions, and who validated so much of what we learned was right. Thanks to them we now know the scope of this;we now know that the APEC scandal was part of Able Danger, and that Richard Holbrooke’s part in passing nuclear secrets / information was a part of this.
1:07:52 “BIG PICTURE” – Dr. James Fetzer and Dr. Preston James question Gordon Duff who confirms the accuracy of what Stew Webb says: 1:08:35The Israelis are behind ISIL/ISIS, and attempting to take over all the oil in the Middle East. They’re trying to control the production of the oil in Iran, Saudi Arabia, Kuwait, Iraq, and Syria. They dropped oil prices $8-10 per barrel in the past 6 weeks. They are forcing oil prices down, which they are manipulating daily, and will force down again by another $5-8 a barrel. They are trying to control Russia’s production (Yukos Oil) [by remote]. They plan on squeezing out Russia, eventually Saudi Arabia, and Iran in particular, in order to run their economies.
1:09:27All of this has been run through Cuba [vital details]. The Donald Lunquist Bribery scandal, all of this, these guys are all going in and out of Cuba. Flying from Toronto. They were issued diplomatic passports and visas by the Israelis. And they are flying out of Vera Cruz, Mexico. These guys have easy in/out of Cuba, their parking place, protected by Castro government. Little do they know, Mexican Intelligence infiltrated them and it’s all on video!
1:11:52List of an alleged125 casualties at the Pentagon, exclusive of the ‘plane crash’ victims, 36 of them were financial analysts, accountants, budget experts, suggesting Rumsfeld had used the occasion to mention $2.3 trillion missing from the budget, to get them all together in the West Block offices of the Pentagon, with their documents and records, to take them out.REVELATION: The records could not have been destroyed because they were using dumb terminals to connect to it. Catherine Austin Fits, HUD Secretary found this, creating the distinct possibility of an existing back up of all the relevant records.
1:13:02After 9/11 a former CIA Director told Gordon how many of his friends were killed amongst the financial analysts there.
1:16:47Gordon responds to Preston’s question about nuclear weapons going off in USA: YES, very much in danger. Gordon thanks Russians who sent him the information and thanks Snowden. Zero amount of this incriminating info hit the newspapers. This sensitive info and evidence would have gone to NY Times or CNN if they showed any interest in handling and disseminating them. Witnesses and many others fear for their lives. Many people in USA are under gag orders from Federal Judges who have all the information about 9/11. 9/11 is one facet of their ‘house cleaning’, and blackmail, and a massive case of insurance fraud. 9/11 was big, a very big PAYDAY killing off as many people as possible!9/11 was like the last scene of the first Godfather movie, where they are going to the christening ceremony and they bought and killed all the family’s enemies.
1:18:49They did that and made a $7 billion payday, and after that they put in place organizations. They took a primary 9/11 plotter and put him in charge of the Department of Homeland Security where all investigations could be quashed immediately. All of the criminal cases tied to 9/11 went to a US Attorney who was involved in 9/11 planning. The most powerful lobbying groups in Washington and think tanks were all involved in planning 9/11.The documents Gordon receives list payoffs; what it takes to silence people. You figure out who you are, what it would take, and what your life is worth. One figure was used continually. You pay someone off with $20 million no more or less. Why this figure? They went through Congress, department after department, through the FBI, Department of Justice, and gave these people $20 million. Accounting done in Caribbean island and handled through Cayman Islands. All these people now, hundreds of them who know everything about terror of 9/11, are sitting there with $20 million, and Obama just cut them off from their cash.
1:22:28 How do you hide/handle the money, and what it takes:They don’t just hand you the money, they launder the money for you because they have banks, and they control the IRS, and they control the Treasury Department.They are the ones who make sure you never get audited, that nobody looks through your accounts for the money, that none of it is ever seen. You can take money in and out of the country, and you can keep it. However, if anything ever goes wrong, they can always get you. To come forward and testify means nothing because you will never live to see a judge, a police officer can always pull you over and shoot you! Or you’ll be in a small plane like Mike Connell who made Carl Rove angry, and it will plough into sand bank and kill you, or you’ll have a mysterious heart attack, or a strange case of systematically induced cancer. Failed attempt was made on Gordon Duff’s life.
1:24:45 Factory explosion in Donetsk; Lance missile was designed to carry the neutron bomb. Neutron bombs and varying forms of them in stage 1 and 2, neutron and EMP (Electromagnetic Pulse) bombs are available in large quantity and in configurations as small as 1 ton TNT. There are weapons out there that do not produce any radiation, and there is never a large explosion. We have hundreds and hundreds of tons of plutonium that we consider worthless scrap. These bombs can be made out of low grade fuel and nuclear waste. This is why VT publishes nuclear information. No longer require 98.8% plutonium or pure 235. These weapons are made from simple nuclear waste. We now have ways to get depleted uranium to go very critical.Anything is possible.
1:28:55Code words in this broadcast for intelligence people to know this is factual. Get this information out to as many people as possible! Once the information is put out there is no putting it back. Discussion moves into duplicity and who was involved, as well as who was killed on 9/11.
1:35:04 It appears that Dynacorp broke the original investigation on this. Dynacorp was the accountant for roughly $2.7 trillion missing 1991-2001. Also missing in 1996 or 1997; $60 billion missing out of HUD. Dynacorp appears to be the accounting division of the US government these days. Formerly under Clinton, Dynacorp was involved with wars in Bosnia / Serbia; also involved with trafficking children. Dynacorp may go back to daddy and Israelis. If you work as a military contractor, you work with Booz Allen and Dynacorp fairly extensively. Israeli company that manufactured the jammers recovered on 9/11 is a working partner, equity partner with Gordon’s firm; they own stock!
1:36:34 Zionist forces have so much CONTROL over USA politics, military, and foreign policy.NSA raw data [‘unfiltered’ information on individual Americans that should be covered by privacy] goes directly to Tel Aviv.
ISSUE:Rather than military and political data mining, there is a massive amount of commercial information used to manipulate stock and commodity markets in the USA.
ISSUE:NSA listens to all stock trades, sees all corporate communications, intercepts any and all corporate documents that allow insider trading and/or market manipulation; all of that information goes directly to Israel. It’s always about money. There is no integrity whatsoever in the financial system.The whole game is rigged. If you understand who is rigging it [the real crooks involved] and how the game is rigged, as many do, you will always make money.
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End of transcription
Conclusion
There is no event in the New Millennium that has shaped world affairs like the state-sponsored terrorist attacks of September 11, 2001.
The primary truths of What, How, Who and Why have never been satisfactorily answered by government or law enforcement, mainstream media or scientific academia. However, the many shocking and painfully relevant truths have been hiding in plain sight for over 13 years.
The established facts and hard truths regarding the 9/11 false flag attacks on New York City and Washington, DC are now coming out. Authoritative sources, who either witnessed what happened or who have first hand knowledge of what went down, are disseminating their once secret information on the internet for all to review and evaluate.
Now anyone can become privy to what was once highly privileged information; although, numerous individuals have been aware of some of this “explosive material”[1] by virtue of their positions in society. However, up until this point relatively few Americans have ever read exposés like this. This state of affairs must change if the 9/11 Truth Movement is to gather the necessary momentum to put the country in the right direction.
Perhaps it’s time to aggressively disseminate 9/11 Truth like this before the same characters set about the process of trying to pull off another one. After all, members of the very same crowd are still in power. Others have access to the same levers of power that they pulled during the 9/11 attacks on NYC and DC.
Therefore, it seems necessary that those who are now in the know would unite in such a way so as to forever preclude another 9/11 type event on US soil. With knowledge as powerful as that which is presented in this post, aware citizens ought to organize in a manner that will guarantee the immediate termination of all US state-sponsored terrorism both domestic and foreign.
Toward that end, each and every US Government official, law enforcement personnel, agents of foreign governments, intelligence and secret service operatives, corporate contractors, mainstream media coverup participants, and all other co-conspirators must be identified and properly tried within the criminal justice system.
Just as important, any individual found to be peripherally involved with the 9/11 false flag attacks on America should be immediately removed from their positions of power, authority and influence. They must also be deprived of those resources which were utilized in the commission of such a grave crime. In short their seats of power ought to be replaced by prison cell bunks post haste … for the rest of their natural lives.
It is critical to understand, especially for those initiated into the complexities of the World Trade Center controlled demolitions, that there were various means necessary for taking down the Twin Towers into their own footprint. Such a task was so complicated and difficult that the evidence — circumstantial, anecdotal, and scientific — points to multiple techniques and demolition devices.
To elaborate further for the many nuclear skeptics, it is quite likely that in addition to the micro-thermonuclear explosives, super-nanothermite and directed energy weapons[2] were also utilized. Why, pray tell, wouldn’t the perps use every means at their disposal to ‘neatly’ and efficiently bring down the buildings, just as they did?
In other words, the usage of the aforementioned trio of micro-thermonuclear explosives, super-nanothermite and directed energy weapons are all consistent with different theories which have been advanced by some very smart people. Therefore, one thing is now abundantly clear: These three effective methodologies are by no means mutually exclusive when postulating the controlled demolition of the three WTC buildings. That also includes those typical explosives and standard operating procedures which are routinely used in controlled demolitions around the world.
Why should any of these techniques be mutually exclusive? Who says so? Only those truthers who are so stuck in the Dr. Judy Wood DEW camp only, or Dr. Steven Jones Thermite camp only, or Veterans Today Nuke camp only, to the exclusion of any other possibilities seem to assert such dogmatic and inflexible ‘conclusions’. We don’t see Judy Wood or Steven Jones or Gordon Duff being resistant to various combinations of controlled demolition techniques.
At the end of the day, does it really matter exactly how they executed the obviously controlled demolitions of all three buildings. The “What?” and the “How?” are never as important as the “Who?” and the “Why?”. Yes, it is helpful to know how they did it in order to secure convictions against the low level hit men who placed the charges and “aimed the weapons”, etc. However, they are but very small fish in a very big sea where there are some very large and dangerous sharks still roaming around.
Smoothed granite from thermo-nuclear detonation in the WTC foundation
Image source: Khalezov, Dmitri. “911thology”
First one is “SGE” Shanghai Gold Exchange website announcing their “Bank Holiday”, Oct 1-8, 2014.
Second is about “GCR”, Global Currency Reset.
Click on each link to get the full story:
Notification on Market Risk Control during the National Holiday 2014
2014-09-24
All Members,
The National Holiday 2014 is approaching. According to the holiday schedule issued by the Exchange, the market will be closed from October 1 to October 7. The last trading session before holiday will be the afternoon session on September 30 (Tuesday), and the first trading session after holiday will be the morning session on October 8 (Wednesday)……….snip…….
China will use gold and gold pricing to force global currency reset
Dr. Jim Willie: When we get this next global currency reset, it’s going to be a complete reset. It apparently will happen predominantly in the gold world. They are going to change the price of gold, and jam it down the U.S.’s throat……….snip……….
Reader and commenter Steve Henningsen is one of the many frequenters of this site who not only contributes intelligent and thoughtful opinions, but also does invaluable research on the coming transition of the global financial architecture.
Last night Steve sent me a link to a briefing from the OMFIF – Official Monetary and Financial Institutions Forum. The OMFIF is made up of experts and members of the global financial institutions and is a direct source of information for what is really happening.
This particular briefing that Steve sent is titled China On Way to Joining IMF’s Reserve Currency Unit. It is subtitled Renminbi Could Enter “Magic Circle” Through SDR Broadening. The paper is dated Monday, September 29, 2014.
Let’s not get into what the term “magic circle” implies in the broader sense just yet.
The paper literally mirrors everything I’ve been saying here for months. Especially the part about the renminbi being added to the SDR basket.
Here are some of the highlights from the briefing:
No decision has been made. But measures already taken by the Chinese authorities to internationalise the renminbi, and a big increase in financial market interest in the currency, increasingly point towards a broadening of the SDR’s composition from January 2016. This is in spite of the renminbi’s formal inconvertibility, reflecting Beijing’s restrictions on capital account transactions that are highly unlikely to be completely scrapped in the foreseeable future.
Though I suspect we may see a broadening of the SDR’s composition before January, 2016, we at least now have a benchmark to work with. How quickly some of the other geopolitical and legislative issues can be worked out will likely speed things up somewhat.
Inclusion of the renminbi in the SDR basket, although ostensibly a technical step, would confer upon the Chinese unit the de facto standing of a reserve currency, a highly important symbolic development and the first time that an emerging market currency would attain this status.
This statement is exactly what I was describing in the post Renminbi Is Already A De Facto Reserve Currency, which was written on September 14, 2014, 15 days before this brief was published.
Chinese entry into the ‘magic circle’ of reserve currencies in the SDR, along with the other components (the dollar, euro, yen and sterling), has already been advanced by a ground-breaking decision announced this month by the UK Treasury. The British government will issue renminbi-denominated bonds, the first sovereign government to take such a step (apart from the Canadian province of British Columbia), and allow the proceeds to be held in the UK reserves managed by the Bank of England, breaking two long-held taboos for the UK authorities.
There is the “magic circle” term again. And I also mentioned that the Canadian province of British Columbia was the first foreign government which issued a renminbi denominated bond.
The IMF will undertake a technical criteria-based review of the options for widening the SDR in a review next year, with most of the work to be conducted from mid-year onwards and any changes taking effect in January 2016. The main conditions are that a currency in the SDR should be widely used in trade invoicing and should be ‘freely usable’ in international payments and asset management.
This statement fits well with what we discussed in the SDR’s and the New Bretton Woods series, where the 2010 IMF Code of Reforms were discussed. The full implementation of these reforms will allow for the restructuring of the Executive Board which will facilitate the process described above, namely the review and inclusion of the renminbi in the SDR basket.
In view of worldwide interest in the renminbi, repositioning and redynamising the SDR by including a leading emerging market currency could encourage greater interest in SDR-denominated instruments by banks, corporations, asset managers and other institutions around the world. SDR bond issues, which made an entrance in the early 1980s, have never achieved much support on financial markets.
This statement speaks to the detractors of the SDR. The SDR of old is unworkable but when the renminbi, and likely gold as well, is added to its basket composition, the whole game will change. The linear thinkers who can not see the abstract reality of what is taking place in the world are going to be surprised when the world of tomorrow leaves them behind.
These international and institutional think tanks have been the main source of all my own research and from this information I have developed my opinion on what is happening in the socioeconomic world. Understanding this information has made it extremely easier to decipher and understand what is happening on the geopolitical front as well.
The Bank for International Settlements and its mandated institutions around the world, including all central banks and the IMF, as well as the BRICS Development Bank and Contingency Reserve Fund, are all fragments of a much larger process of initiation moving the world into a macro multilateral architecture.
Over the last nine months I’ve taken some heat for attempting to blend economic metrics with the esoteric philosophy aspects in my writing style and content. The reference to the “magic circle” in the above briefing is in direct relation to this esoteric, or occult if you will, content and style.
Things will always come full circle and the complete picture begins to come into focus. Just like the name Philosophyofmetrics is being further understood and defined with the help of readers and commenters like Steve.
And for the purpose of clarity, I have no moral interest or vested interest in the SDR supra-sovereign currency structure. The intent of my writings is to explore and relate what to me are obvious and inevitable conclusions and outcomes. I do not support the SDR macro plan. What I do support are humanities attempts to move outside the magic circle and broaden our awareness of the infinity possibilities which weave in and out of all things.
We can be the grand architects of our own lives. – JC
Putin Plays Chess While Obama Plays Checkers
FREEDOM MINDS FOR THE AMERICAN REPUBLICS 