Tuesday, February 12, 2013

The Forced Involuntary Servitude of America

by  Preston James


Like a covert inquisition without the obvious torture and murder of the Spanish Inquisition, an Evil Plague has descended on America that is transforming it from a Representative Republic based on Freedom and Liberty to an open air Prison Camp.
There is ongoing major asset stripping of the hard earned income of the American people by offshore based Banksters with the assistance of the USG and corruption is now occurring at every level.
USG tyranny is knocking on everyone’s front door.
To Impose: To establish or apply as compulsory, to levy, to impose a tax; to apply or make prevail by or as if by authority; to obtrude or force; to offer or circulate fraudulently; to take advantage or impose on one’s generosity.
An Imposition:  something that is imposed unfairly on someone; the act of enforcing unfairly or by fraud
IS TYRANNY BEING IMPOSED ON AMERICA BY FRAUD ?
It’s not too much of stretch to look on the New America as the next Gaza unless this creeping tyranny is stopped cold in its tracks. And the Battle of America, the Second Revolutionary war may have already started, provoked by the recent efforts of Congress and State governments to impose strict gun controls, gun registration and to transform normal law abiding gun owners into criminals by their legislative efforts alone.
When push comes to shove most law abiding Americans strongly resent someone in government trying to transform them into a criminal with the “flick of a pen”. And yet this has been what has been happening in America since the Assassination of JFK. All the time more and more meaningless freedom robbing laws are passed at the state and local level which make usual everyday practices illegal and needlessly restrict rights because of the abuses of a few criminals at the top which could easily be prosecuted from existing  laws if the government did its job properly and enforced the “Rule of Law”.  Look at the Federal and State tax codes and the thousands of absurd freedom robbing laws put in place to enhance the power of the government at the expense of “we the people”. This is nothing less than CREEPING TYRANNY at all levels of society.
THE GOVERNMENT HAS BECOME ADDICTED TO PASSING THOUSANDS OF FREEDOM ROBBING LAWS TO PROTECT SPECIAL INTERESTS AND NOT THE AMERICAN PEOPLE
What has set off this government addiction to passing more and more freedom restricting laws?  The full answer would take an encyclopedia chapter to describe, but here is a brief bare bones summary.
The covert invasion by an offshore foreign banking system in 1913 run out of the City of London is the primary cause and the root of all this current Evil and Creeping Tyranny.  This invasion by offshore Banksters has provided for the capture and control of the American monetary production and distribution system by these foreign based entities.  The system they set up is based on fake “fiat” (by decree only) “money” (i.e. debt notes which represent an interest and principal debt due to the private bank issuing the fiat money from nothing, as a paper or digital entry or with the “flick of a pen”).
This  whole Bankster system is based on extreme secrecy and pretending to be an agency of the USG when it is no more Federal than Federal Express.  This offshore Bankster system is based on the “magic” of Babylonian usury, an age old secret art used to create debt-slavery which was considered a grave sin by the Catholic Church in past years and is still considered such by those of the Muslim faith. The so-called “money” is issued as a debt (note) which can never be paid back because interest accrues to this “loan” and there is never enough money in circulation issued to pay off the principal and interest that is lent to the USG and the citizens.  So we have a situation in America where an offshore owned and based bank creates fraudulent debt-notes by fiat, labels it money, gets laws passed requiring it to be treated as “legal tender” for all American debts, and then collects interest for lending us our own money which allows them to become masters over the fruits of our labor and our very labor, earnings and acquisitions.  What a racket those Babylonians developed, this secret debt-based usurial money magic!
The result is that more money is issued and lent in large amounts to the USG to spend on any thing it wants and the total amount of “money” in circulation constantly expands.  Doubt this, just examine any chart based on the increasing debased value of this fiat debt ”money” over time.  Alas, a dollar from the date of the origin of this offshore owned private American central bank is now worth approximately 3 cents now.  Once you understand this sleight of hand scam, you can easily figure out the rest of the game.
So we have many thousands of homeless folks on the street of America, and many are Vets who served their country with distinction but were abused, ignored and abandoned.  Many of these vets have serious unmet medical needs and have never gotten the respect they deserve.  This is completely unacceptable in America and must be immediately remedied at all levels.
Many American Soldiers feel they have been deployed in needless other people’s wars and this itself is a tremendous burden many have great difficulty carrying.  All this misery in America has been caused by the hijacking of America’s government and monetary production and distribution system by the City of London Financial District aka the world Banksters. What has America become under the occupation of a foreign based entity run out of the City of London Financial District?


THE OFFSHORE BANKSTERS RUNNING THE CITY OF LONDON KNEW THAT IN ORDER TO KEEP THEIR ASSET STRIPPING SYSTEM IN PLACE, THEY WOULD HAVE TO DEVELOP STRONG ENFORCEMENT AGENCIES TO SUPPORT THEIR UNCONSTITUTIONAL, ILLEGAL FUNCTIONS IN ORDER TO KEEP THE TRUTH FROM AMERICANS AND PREVENT A MAJOR BACKLASHAs this offshore monetary production and distribution system was covertly imposed on America by wealthy special offshore interests to access strip it and set it up for future destruction.
This was accomplished by buying certain Congressmen (the way it is still done), and various support agencies were established to provide intel and enforcement muscle to protect this system based on usury and fraud and violation of the US Constitution.
The educational system was federalized and centralized and control was established top to bottom to make sure the curriculums kept secret power under wraps and avoided the most serious issues relating to the Founding Fathers and what they taught about Freedom, Liberty, and the public maintaining arms and being wary of the corporations which are now asset stripping America along with their partners the offshore banksters.
Thus the various alphabets were created as support systems for the offshore Banksters and major international corporations and include such agencies as the US Treasury Department, the IRS, the FBI, etc.  In the past when Americans have tried to publicize the fraud of this privatized offshore run bank and rise up against this foreign money tyranny, a true offshore run monopoly, these agencies were used to harass dissidents, suppress truth or murder dissidents in some cases if deemed necessary.  And this still goes on today.
The FBI is noted for selecting folks of marginal intelligence or who are known to be seriously disturbed and setting them up as patsies or attempting to set them up and transform them into terrorists in entrapment operations which are technically illegal but common practice.  In fact almost every recent case of alleged terrorism inside America in recent years can be traced either to the FBI or CIA covert operations.  And there are many honest and good FBI and CIA agents, but their agency’s reputation is tainted by the small number of notably dirty covert operators who have a long and dismal secret history which is leaking out to the public more and more each day.
And Homeland Security, many now call the New American Gestapo, is the new poster child for this harassment of the American people by offshore Bankster power. It was set up by Marcus Wolfe, former head of the East German Stasi two years before he mysteriously died while serving as a “consultant” to the USG.  He would have been very proud of what Homeland Security is now doing to oppress Americans and trash their Constitution and Bill of Rights.  Of course we still have Fema, and it’s tyrannical plans, Garden Plot and Rex84 and their new upgrades involving numerous secret internment camps near railroad lines designed for dissidents in the future. And central to their daily functions and long term strategy to destroy the Constitution and Bill of Rights is their definition of normal average Joe Americans as “domestic terrorists”.
THE REVOLVING DOOR SYNDROME HAS BEEN GOOD FOR THE OFFSHORE BANKSTERS AND MAJOR INTERNATIONAL CORPORATIONS BUT BAD FOR AMERICA
The offshore controllers selected various groups inside America to do their dirty work and to serve as cutouts. Since they controlled the production of “money”, they had all they wanted to bribe and/or buy almost any US Congressperson or USG official. And they developed the “revolving door” system of appointments.  If one was a good servant in Congress or a USG bureaucrat, a useful cutout with a proven track record providing what the Banksters wanted, they would then be promised and given lucrative positions in commerce after their “government service” ended.  Or if they were an exceptional member of one of their “member corporations” they would be appointed to high USG positions, have a Congressional or gubernatorial campaign paid for, resulting is the placement of one of “theirs” in a high position of influence. And of course the infamous non-profit tax free foundations and planning boards have been used to keep the USG in line and staffed with “players” and plenty of pseudo scientific studies that just happen to support the bankster’s wishes.
The phony War on Drugs and now the phony War on Terror have created a false pretext to justify and predicate the massive buildup of the US Military to attack foreign lands such as the Mideast and Africa, and build up a huge Stasi style secret police organization inside America which involves the consolidation of most alphabets into one centralized command allowing much easier control by cutout doofuses at the top of the control pyramid.  Many average Joe Americans as well as numerous high Military and intel officials now realize that 911 was an inside job, a Gladio style false-flag attack which was wrongly blamed on Afghanistan, Iraq, Saddam Hussein and Osama Bin Laden (aka Col. Tim Ossman of the CIA).  Many also know that the USG is a major international illegal narcotics trafficker into America using cutouts and joint ventures with cartels, and launders massive amounts of money through some very large Wall Street Banks.  Periodically some of these banks get caught and have their hands slapped with minor fines.  No bank officials ever get charged with federal or state drug offenses which should require life prison sentences in many cases.
THE RECENT ATTEMPT BY CONGRESS AND SOME STATE GOVERNMENTS TO PASS SEVERE GUN OWNERSHIP RESTRICTIONS AND EVEN CENTRALIZED GUN REGISTRATION MAY HAVE BEEN THE STRAW THAT BROKE THE CAMEL’S BACK
It’s possible that the recent moves by some States and Congress to severely restrict gun ownership in America and force centralized gun registration may be the final straw for many Americans.  These gun grabbers appear to have inadvertently forced the average American to draw a line in the sand over these efforts to take his guns.  They may have over-reached and created such blatant exposure of who they are, who they represent and what they are being instructed to do by offshore foreign power, the the JIG MAY BE UP for the first time across a broad spectrum of American Society. The more these talking heads from this gun grabbing group keep getting air time, the more folks are catching on to who they are, what they are doing to America, and who they really represent, which is offshore power trying to tyrannize, asset strip and destroy America.
Why the sudden rush to grab guns?  This has apparently been mandated as an emergency control due to the current economic breakdown and the spontaneous emergence of American community solidarity much of it perhaps elicited by the information freely disseminated on the world-wide Internet which appears to be waking up the sleeping masses.  And it could also be due to the City of London’s constant need to elicit conflict at every level in America as part of its divide and conquer strategy to keep Americans divided and prevent them organizing into a viable mass which demands an end to money fraud and theft of much of their hard earned assets by a foreign bank using Babylonian principals of usury to create debt slaves.
THE FOLKS RUNNING THE USG WAR MACHINE HAVE BECOME INTERNATIONAL WAR CRIMINALS AND HAVE OPENLY COMMITTED CRIMES AGAINST HUMANITY AT HOME AND ABROAD, ALL THE WHILE RATIONALIZING SUCH CRIMES WITH SLICK, PHONEY LEGAL OPINIONS NOBODY NORMAL BELIEVES—THE US MILITARY IS NOW AN ILLEGAL OCCUPYING FORCE IN SOME MIDEAST NATIONS
AT THE END OF WW2 NAZIS AND JAPANESE WERE TRIED FOR MAKING ILLEGAL PRE-EMPTIVE STRIKES TO START WARS–PRE-EMPTIVE WARMAKING IS A WAR CRIME NO MATTER WHAT THOSE IN THE USG AND DEPARTMENT OF JUSTICE CLAIM
Now, out in the open for the first time ever Americans are seeing their Constitution and Bill of Rights crushed and bypassed using slick, absurd, twisted and completely false opinions from USG attorneys that have sold their souls to offshore controlled power structure (The Powers That Be “PTB”) long ago. Traitors have hijacked the USG and whether they realize it or not now represent offshore interests of the City of London Financial System and their cutouts who are folks that do their dirty work for immense rewards in return.
Their game is the imposition of tyranny and the complete take-down and asset stripping of America, followed by its destruction and parcelling into pieces to be folded into the NWO Globalist system.  Most are deluded and do this in the name of climbing the corporate or USG ladder of success or supposedly “serving their country” when these are petty rationalizations for narrow minded selfishness and lust for power, fame and wealth.  Doubt this, then examine the financial disclosures of so many American Congressmen/women who are elected to office only somewhat well off and then acquire millions of dollars while in office, many from insider trading who are never prosecuted because of loopholes or SEC non-enforcement.
We have the NDAA 2012, legal opinions from US Attorneys stating that torturing anyone the USG says needs it is allowable and good and opinions that anonymous death by drone fired missiles with huge “collateral deaths” (translated lots of dead innocent women and children) is okay, if these innocent victims “chose” to be near a suspected terrorist. We have the USG running secret kidnappings (“extraordinary renditions”), bagging and tagging targets who have had no trial, no attorney based on a flimsy recommendation by some soulless intel official hiding behind a wall of secrecy, and taking these captured victims to numerous (over two dozen) foreign prison ships and prisons where they are tortured and then many executed.
The USG claims this torture is not really torture but just the serious manipulation of confinement conditions. Water boarding is used but not considered torture and yet Japanese officers were tried at the end of WW2 for using water-boarding of American soldiers as a torture. Get used to examining many lies and much deceit when considering the debasement, neutralization and perversion of the American Rule of Law by the USG and the Department of Justice when examining these issues.  If there are ever world trials like Nuremberg for these American leaders who are responsible for torture, drone mass serial murders and extraordinary rendition kidnapping, and the phony legal opinions supporting these pre-emptive wars and their related crimes against humanity, a lot of such folks are likely to end up swinging from wooden gallows by the neck until dead.
Useful idiots and doofuses with no character or conscience, many perverted beyond reason are being promoted and placed in high USG positions.  Like those of Nazi Germany east Germany under the Stasi these folks are morally compromised and will do anything they are told, obviously without any sense of shame or loyalty to their Oath to Defend the Constitution and the United States from all enemies, both foreign and domestic.  They have become the domestic enemy within and expecting them to police the creeping tyranny they are imposing on America themselves is like expecting the fox guarding the chicken coup to stop eating chickens whenever he is hungry.
HOW CUTOUTS ARE USED, AND KEPT IN LINE AND THEN EVENTUALLY TOSSED ON THE TRASH HEAP OF HISTORY
Obviously the offshore Banksters operating out of the City of London Financial District (the “Great Draco” or “Dragon”) do not want to maintain a visible role.  They desire to stay in the background avoiding public disclosure as the “string pullers” or the master controllers, the Oz behind the curtain”. They know that if fully and openly exposed to the American public their power would be eroded and crushed within a generation as the average American Joe would identify them as their complete enemy within the gates and the usurper of the US Constitution And Bill of Rights.  They would quickly come to view these offshore banksters as what they really are once the curtain is pulled back, blood sucking, asset stripping parasites attempting to destroy America and take it back in a cover replay of the American revolution or the War of 1812.  They tried hard again with the Civil War and lost and now they are making their big, final play to retake America on their terms which means to forever crush it into pieces which can be easily folded into their evil long planned trans-generational NWO Globalist system.
So in order to avoid exposure and the limelight, they have worked very hard and spent a great deal of money (of which they have an unlimited supply since they create it it with the “flick of a pen”) creating and managing their cutouts at every level in American Government. They own and control the major mass media (6) which they worked hard to consolidate from hundreds, providing easy master contro. like mthey have done in so many industries and corporations, most of which they eventually move offshore to friendly tax havens.  They set up and run American Intel and the alphabets and keep their head officials in place working for them.
But in spite of all this, there are growing control problems.  Even these folks have well developed systems to keep their cutouts in line, cutouts are catching on and starting to develop discordant attitudes.  Typically cutouts have been controlled by the use money, fame, power and if necessary, which it often is, the use of human compromise operations such as honey traps and other means to set up and video tape these assets doing very bad things which are usually provided by them covertly.  When they are done using these cutouts to attain their designed goals before the cutout becomes too powerful, they often discarded onto the trash heap of history. Many cutouts are now waking up and are horrified as they find out the very system that they love and has made them very well off is now being destroyed by their own feather-bedding and lack of support for the Constitution and Bill of Rights.
Take the numerous cutouts used to manage their illegal drug trafficking business into the USA, the so-called “Drug Kingpins”. When they are done with them and made millions off of their crimes as these folks become too powerful, they arrest them as a drug kingpin, prosecute them and then anything they say can be easily discredited so once again the PTB remain separated from their crimes.  Take the case of Freeway Ricky Ross who was a CIA drug trafficker.  He was arrested, prosecuted and convicted.  He implicated the CIA but because he was discredited and his testimony rejected allowing those CIA drug traffickers who used him to skate free once again.  The evidence was so compelling of these capital crimes that CIA inspector general Hitz admitted as much in his report and then resigned.  Nothing was ever done to prosecute these capital crimes.  Folks in the CIA should have ended up swinging from a USG gallows like those that assassinated president Abe Lincoln but they walked free.
Sometimes they approach the cut out with their intentions to prosecute and offer immunity if he implicates those that they want implicated.  In these cases other cutouts are taken out of the mix and tossed on the trash heap of history and new cutouts will be selected to replace them.  Cutouts always feels “oh so special” and never see their doom ahead. And the most notable case of this which is really the gold standard for how cutouts are treated was “Operation Hummingbird” or the Night of the Longknives.
So now we have hundreds of cutouts, most unknowingly, being used to advance and protect the offshore bankster interests of the City of London Financial System inside America.  These folks tread on the basic God given rights of the average American Joe who unlike them works hard for  a living and does not live off “other people’s money” like they do.  Been through DC lately?  It is booming financially, new construction everywhere in USG and Intel buildings and private housing.  Most Congressmen/women have become unbelievably wealthy and live live Kings and Queens.  All by asset stripping other people’s money through excessive illegal taxation and fees. It’s a great racket that will end soon as the economic system implodes.
Centralized Socialism mandated by the “federalized” USG is great as long as those at the top do not run out of other people’s money.  And yes, that reality is fast approaching.  Despite all the efforts of these USG officials to pad their coffers more and more through increased taxation and issuing of more and more “funny money”, the system is on a set course to self-destruct sometime within the next 1-9 years if not this year.
WHY MANY USG AND INTEL OFFICIALS AND INSIDERS ARE GOING ROGUE AND MANY ARE TURNING BACK TO SUPPORT THE US CONSTITUTION AND BILL OF RIGHTS–SECRECY USED TO COVER CRIMES IS BREAKING DOWN MORE AND MORE EACH DAY
The so-called “National Security”, a nonsensical phrase used to cover almost any crime imaginable has been imposed as a rationalization to keep the American public as well as any honest Congressmen/women (there are a few) from examining the crimes of the Secret Shadow Government (SSG), the offshore controlled unConstitutional Central Bank, the crimes and corruption of American Intel, Homeland Security, it’s TSA, the Alphabets and the American Military.
Military recruiters are sale-persons, true believers that sell a product for significant rewards, but they do not give 100% informed consent of the risks and side-effects of the product they sell to vulnerable young men and women.  Weekend warriors are typically sold the idea they will be heroically fighting floods and feeding the hungry in their state.  Many Radio station play expensive slick ads featuring this idea and present the Guard as a superb opportunity to join a dedicated team to help the community.  Instead they will often be sent to fight in Iraq or Afghanistan or Africa in other people’s wars, that is, for the interests of foreign offshore power, the same folks that control the City of London Financial District the American private central bank they control.  Overly idealistic military advertising keeps many newspapers, media and radio alive through massive  expenditures paid for by American taxpayers.  If the truth was told explicitly there would be almost no new recruits, for even though the services are sold as a volunteer military, once a person is inducted in a sense it becomes indentured servitude with all the stop losses, boondoggles, catch 22′s, lies and misrepresentations.  And after that any needed medical care is up for grabs in many cases, although there are rumors it has been slowly improving in some areas.
Potential recruits will not be shown photos of the horrendous injuries and amputations that so often occur as well from roadside IEDs as the needless soldier deaths occurs frequently along the same roads.  They will not be told these are pre-emptive wars of aggression, of domination rather than defense of America.  When pushed they will claim these are pre-emptive strikes and invasions justified because these countries have terrorist training camps and have been preparing to fight us here inside America and have already attacked us on 9-11.  None of this is true.  yes when folks attack someone’s country in raw aggression, of course many will fight back.  And when Americans soldiers are killed this elicits a desire for revenge (blood feud) among their surviving soldiers who want revenge against those fighting to repel American invaders.
Those in high positions in the American Military and Intel now know that this is a BIG LIE, that Muslims DID NOT attack America on 9-11-01, but it was an inside job, a Gladio style false-flag attack done by a cabal of Neocons inside the USAF using Mossad cutouts and Sayanin or other foreign mercenary or privatized special operators. A significant number of high military and Intel officials and staff now view the 911 attacks as a event enacted to satisfy dual needs of the SSG, the American defense Industry, the City of London Banksters, and Israel to create the synthetic construct, the monster of world wide TERRORISM.
Obviously, instituting the 911 inside job attacks on 911 and blaming offshore Muslims in Afghanistan and Iraq (Osama Bin Laden Aka Col. Tim Ossman of the CIA and Saddam Hussein, well known CIA cutout asset like Noriega of Panama), helped them revitalize the military and generate huge otherwise unattainable USG funding to fight this phony WAR ON TERROR, that really only describes their actions which are undoubtedly terroristic. And as the five dancing Israelis stated when arrested by NYPD officers, “your problems are our problems”.  And many now realize Al Awlacki was also a US military asset, a cutout seen entering the pentagon numerous times who served as a double agent. Allegedly when he became suspected of becoming a triple agent, he and his young teenage son, an American Citizen who was innocent of anything, they were “taken out” by a targeted drone strike(this was an extra-judicial murder with no trial, no legal representation, and they were American Citizens) .  This incident has caused a national and international furor over the serial murdering of innocents (referred to merely as “collateral damage”) by these anonymous drone strikes allegedly run remotely by satellite out of a Denver USAF air conditioned trailer.  Just because the USG and the US Attorney’s office say it is legal and okay, does not mean it is.
COLLATERAL DAMAGE IS A COVERUP PHRASE—THE CORRECT TERM IS SERIAL MASS MURDER AND TERRORISM BY ANONYMOUS AIR DELIVERY
Now consider this, if a police swat team comes to your neighbor’s home to capture a supposedly violent individual and kills your harmless pet dog barking in your fenced-in backyard and one of your children is killed by stray bullets, would you look on this as mere collateral damage?  Or take the case where a swat team dressed up in black like Nazi stormtroopers, attacked the wrong house and seriously wounded a child by throwing in a concussion grenade.   No one punished for such blatant terrorism and abuse of power. Yes, these incidents were just claimed to be operational normalities and no apologies were made. tyranny rarely takes prisoners and makes no apologies for its crimes against the people, never has, never will.
These abuses happen every day, but they should not be called “collateral damage”.  Or take the so-called renegade police officer in California who the Police Department claims is on a mission to extract revenge and who allegedly published a manifesto describing blatant police corruption that the LA Police Dept has been so well known for for so many years.  The CA police are so fearful of this man that they have already shot up two cars and wounded two innocent women for nothing (can you say “trigger happy”).  These police officer shooters will skate because of the blatant corruption in California when they should be charged with gross criminal negligence or attempted murder.  Or like the NYPD policeman that shot numerous innocent bystanders by mistake and missed the man he was aiming for in front of a hotel in NYC.  yes, it was written off as mere “procedural errors” and this man skated too.
Obviously any normal American Joe can see America is under siege by “CREEPING TERRORISM” from the USG.  And now with the creation of Homeland Security, the New American Gestapo, Northcom and the numerous training manuals for deployment and war-fighting inside the continental USA against “domestic terrorists” which are described as returning vets, Ron Paul supporters, Constitutionalists, Patriots, Gun owners, tax protesters, and dissenters,  and now the construction of numerous prison camps  and suspension of Posse Comitatus, a war against the people is being covertly waged.
It does appear though that the recent efforts to institute centralized gun-grabbing is transforming this covert war against the American People and making it OVERT and in their faces. For the very first time, these USG gun-grabbers have shown their true colors as representing an offshore foreign power and have shown themselves to be working hard to destroy the US Constitution and Bill of Rights, all the while using the freedoms provided by such to do their dirty work.  How’s that for a major and illegal conflict of interest?  A significant number of these folks appear to be functioning as representatives of a foreign power and should be investigated and prosecuted for TREASON against America if clear and convincing evidence is uncovered.
THESE FOLKS ARE THEIR OWN WORST ADVERTISING—THE MORE AIR TIME THEY GET THE QUICKER AMERICANS WILL WAKE UP TO THE TYRANNY THEY ARE WORKING SO HARD TO IMPOSE AND MAINTAIN
When the sound bytes of these folks are almost constantly replayed by the major mass media, this is the best wake up call any American could have.  Not only do many of these folks look weird, but they speak and act differently from the average American Joe. They use trite, self-aggrandizing phrases that are absurd at face value.  These sellouts are into their roles so deeply they say these absurdities with a straight face. Obviously these folks are their own worst advertising and serve as poster children for tyranny as they make increasingly extreme moves to impose it and trash the Constitution and Bill of Rights.
So when we have an elderly Senator Feinstein who is head of the Senate Intelligence committee is making the incidiary, highly tyrannical and noticeably unAmerican statements, this tends to wake up every American listening who expects the Constitution and Bill of Rights to be the Law of The Land in America.  The more air time folks like this get, the better, because the quicker Americans will wake up.  Never before has any effort to grab American guns been so extreme or accompanied by such an obvious attempt to destroy the US Constitution and Bill of Rights. And never before has it been so obvious what it is really all about and who these people represent that are behind it.  They represent foreign interests from the City of London Financial District and serve as their cutouts, whether they realize it or not, and many of these folks are dual citizens who pay homage to Israel by their official actions in Congress and inside the highest echelons of the USG. This cries out for a full investigation of unAmerican activities for divided loyalties.
Two of the most outrageous examples of this ever displayed were the absurd hysterical tirades directed against Chuck Hagel by senator John McCain and the alleged closeted Lindsay Graham during his Senate confirmation hearing.  And of course if anyone makes the slightest criticism of Israeli foreign policy they are forever accused of anti-semitism by the adl and SPLC  or Aipac who themselves have been accused of operating as a foreign lobbies  representing Israel, which  requires immediate registration as such.  If these organizations are operating as spy agencies for Israel then this is illegal and they must be thoroughly investigated.  Personally I have a great deal of respect and admiration for many Islamic and Jewish people who are both semites, although I do sometimes question the actions of their leaders just as I question the actions of the leaders of the USG when they do unacceptable things which are not in the best interests of the citizens or humanity in general.
History has shown that the best, most effective cutouts are those who do not realize they are being used, folks who have become true believers in their cause which is merely a prescribed cover story imposed by those who are conning, manipulating and using them in exchange for large amounts of power, favors, fame or money. And what is a cutout?  A cutout is an individual or group that is selected and manipulated to do illegal or unacceptable things on behalf of an party who is hiding in the shadows.  The cutout is set up to do the dirty work and take the heat when it is discovered what they are doing is illegal and unacceptable to society. When the intel agencies are done using their drug kingpins, they arrest them, discredit them and disavow them. Any testimony of a discredited person is will not be admissible in court unless an immunity agreement is given in advance by the Dept of Justice, and this won’t happen because in the intel drug business they are a part of it.
ANY UNDUE INFLUENCE BY DUAL CITIZEN CONGRESSMEN AND WOMEN UPON THE USG OR AMERICAN INSTITUTIONS THAT SHOWS ALLEGIANCE TO FOREIGN OFFSHORE POWER SUGGESTS DIVIDED LOYALTY AND ALLEGED TREASON
It appears that a fair number of these top Congressional gun-grabbers are dual citizens who have allegiance to a foreign nation and are thus divided in their loyalties to America.  Serving another country as one’s primary interest is not legal and there is a thin line that when crossed can become treason.  It should be made clearly illegal to be a dual citizen.  A new basic law called “America First” should be passed requiring dual citizens to renounce one all other citizen-ships beside their American Citizenship, and take a loyalty oath to America alone.  I am referring here to any dual citizen of any foreign country and America.
They should forever be barred from holding any public office or serving in the judiciary or law enforcement or serving in any USG or State government role.  For an offshore power or another nation to funnel money through certain offshore banks or large international corporations to buy and influence legislation is certainly illegal and must be exposed and stopped.
WERE THE RECENT “MASS SHOOTINGS” STAGE FALSE FLAGS TO JUSTIFY GUN-GRABBING AS A PART OF AN OVERALL PLAN TO IMPOSE COMPLETE TYRANNY ON THE AMERICAN PEOPLE ?
Many now suspect that like the Murrah bombing, the first NYC Twin Towers bombing and 911, Aurora “mass shooting”, the Sikh Temple “mass shooting” and now the Sandy Hook “mass shooting” were American Intel staged false flag events using foreign cutouts that specialize in these Gladio style inside jobs. Nobody except for those closely involved know what really happened at Aurora, the Sihk Temple or sandy Hook because these events are clouded in secrecy imposed by Homeland Security and the evidence and news reports released has either been staged, phony, confusing or unverified.  It has been alleged that a cover story at Sandy hook was provided to LE and top media officials that a complete secrecy lock-down was being imposed because psychological consultants to Homeland Security recommended that such would greatly decrease the possibility of copy-cat imitation crimes.   Although this is quite interesting claim, it has not yet been confirmed.
THE GREAT IMPOSITION NOW TAKING PLACE IN AMERICA IS NOTHING LESS THAN THE MANAGED DESCENT INTO SERFDOM BY THE IMPOSITION OF TYRANNY AT ALL LEVEL OF SOCIETY
Here is the sad situation in America that has emerged while most folks were asleep at the wheel struggling to pay their bills and survive during a deep recession some experts call a true depression.
We have the average American finding himself/herself as a debt slave to the credit card companies and bank that charge usurious, unconscionable rates. How did this happen?  It is an expected normal occurrence when the jobs are shipped offshore under Nafta, Cafta, WTO and GATT and the money production system is manufacturing debased, ever inflating devaluing fiat “money”.  The massive decrease in jobs and pay accompanied by the increase in prices due to the ever debasing “money” has created debt slavery for many and a middle class that is dissolving like an ice cube on the side walk in Phoenix AZ in July.
We have folks being recruited into the military under false pretenses, treated as indentured servants with almost no rights.  Many women soldiers are raped and sexually abused, but most of this is covered up. To many entering the militray today even though claimed to be “voluntray” is like signing up for indentured servitude, despite all the recruiter claims, promises and slick multi-million dollar media ads.
Numerous soldiers were injured or electrocuted by subnormal base construction in Iraq but this was covered up too as were most of the rapes of womensoldiers and contractors. Our wonderful American soldiers have been tricked into fighting other poeple’s wars of conquest.  If a soldier protests, well he/she may end up being murdered by the American Intel like Pat Tillman.
And yet there is the whistle-blower who tried to stop war, the great America super-hero Gweneth Todd who overcame threats and got her story out anyway, resisting successfully all attempts to be silenced under the abuse of so-called “national security”.  http://www.veteranstoday.com/2013/02/04/iran-war-expose-what-u-s-media-does-not-want-you-to-see/
Or take the great but relatively unknown hero John Coleman who fled the USA after being threatened because he tried to expose American Intel massive drug Trafficking and other most serious covert crimes. He is still living in exile in Europe.
We have rampant swat teams dressed like Nazi storm troopers running loose often attacking the wrong house, shooting harmless family pets, shooting the wrong person and generally acting like thugs with a bad attitude.
THE CAT IS OUT OF THE BAG AND THE AVERAGE AMERICAN JOE IS FIGURING OUT HOW HE HAS BEEN SCAMMED, AND MANY INSIDE INTEL AND THE HIGH MILITARY COMMAND KNOW THAT 911 WAS AN INSIDE JOB
And yet despite this massive descent into tyranny imposed on the American People, many normal everyday Americans are waking up and drawing a line in the sand and saying “no more of this, no matter what”. And there is a split in the high military command and much of the military and Intel. Many are secretly discordant and sandbagging, dragging and know that at a certain point they will no longer be able to cooperate with tyranny. They are awaiting for things to go live and then they will act, but they will not initiate anything and throw themselves on a sword until that turning point is clearly evident to them.
Never in American history has there been so much dissent in the military and its high command and inside American Intel as now.  It is shocking how deep this dissent runs.  There are folks in the current high military command and Intel that now know that 911 was an inside job, a false flag Gladio attack by a faction in the USAF, the Neocons, Mossad and assets, and they are hoppin’ mad and want revenge, but they want the actual perps punished, not the innocent citizens of those countries whose leaders are the perps.
And it’s a fair bet that they will get their revenge all in due time. These folks who have now taken control have had long successful careers in covert tradecraft and are known to be so expert at what they do that if and when they decide to act, they will do so decisively and may engineer covering incidents to hide any of their massive, broad based corrections designed to deal with those responsible.
Some experts have stated behind closed doors that these gun-grabbers have really exposed those who have hijacked America to the average American Joe for the first time publicly.  And they believe this has been a huge miscalculation and a mistake of major proportions.  Now the Beast from the City of London may have hell to pay for it all.  It appears that the curtain has been pulled back exposing the true Wizard of Oz (as in Ounce, Ounce of Gold that is).
THEY DON’T CALL IT THE BEAST FOR NOTHING
The name many use to describe those offshore Banksters who have hijacked America is the BEAST.  The Beast is run by the City of London Financial District and known as the Great Dragon or Draco.  It is based on deep seated multi-generation, interlocked occult systems of death cults, i.e. cults that worship Lucifer and are committed to the ministering of death to the masses in order to “purify their race”, to preserve it and to gain the power that creating wars can provide them. These folks secretly believe that harnessing and using the war-making ability of a nation provides them with the massive power they need to create and extract wealth from the masses and to dominate and rule them. The ministering of mass death through war, medical eugenics and “soft-kill” is the way they prefer to gain and hold this power and wealth it provides for their special “bloodline families” and to attain their inter-generational NWO Globalist plan for a one world government run by a new occult ”Caesar”.
The Beast prospers by a policy of perfidy which is the take-down and capture of other nations by deception, fraud, infiltration, the hijacking of the monetary production and distribution system, and the elicitation of numerous serious societal conflicts as a strategy of divide and conquer to keep the tyrannical authoritarian system they put in place pitted against the common man.

 WHAT THE BEAST REALLY WANTS IN AMERICA 
The Beast WANTS America to pass and execute a continual stream of laws that guarantees a steady stream of taxpayers revenue to its international war efforts which support its worldwide fascist corporate network.  The beast WANTS to manipulate the USG to tyrannize, repress and rob the citizens of their God given human rights and the Freedom and Liberty the Founding Fathers previously fought and won from the Beast themselves.
The Beast knows that if if can’t keep government at war with the common man and the common man fighting each other, the common man can and will eventually form  a cohesive community and will be able to take back his/her country from these hijackers, which would mean taking back the monetary production and distribution system and making it America’s once again with full oversight at all levels, something missing now.
Thus, the Beast is willing to parcel out a great deal of the money it has asset stripped to give back to the politicians and cutouts whom they buy every election through the 70,000+ K Street lobbyists they use. this typically insures those who are willing to operate as traitors for their cause are highly rewarded and promoted. Thus Americans now live in a country where most of its top leadership and high officials at all levels of government are doofuses bought and corrupted and completely owned by the Best whether they realize it or not. When a government has become corrupt at all levels, crime and corruption at the street level becomes rampant and society starts disintegrating, which is well under way right now in America.
WHAT THE BEAST DOES NOT WANT FOR AMERICA
Now here is what the Beast DOES NOT want in America.  The beast does not want Americans to organize at the street and community level to take their country back.  The Beast does not want to lose their private banking system it has imposed illegally on America.  So you can imagine why they have worked so hard to keep this sinister secret hidden of their Babylonia “money magic” through usury to create debt slaves.  It is not taught in any school or university or college in America.  The beast has made sure of that, but their control system is now breaking down at every level thanks to the world-wide Internet.  Information and truth are the antidote for the beast’s poison against America and many folks are now getting a full dose via the world-wide Internet.
One cannot learn about how the American system of monetary production and control system was hijacked by the Beast in any school, university or college but it is however now being taught in the alternative media and fine publications like Veterans Today who dares to publish the truth, unlike the major mass media which is controlled by the Beast. The tipping point is fast approaching where the average Joe is turning to the alternative news and media on the Internet and abandoning mainstream media news because they no longer believe much of it.  They are getting tired of all the lies.
Consider the importance of this new trend in America where the police are starting to view the common American Joe and trust him/her as an asset and essential to establishing effective policies of community policing as a team effort between the law abiding citizen and the police.  This kind of community esprit de corps is coffin nails to the Beast.  Stay tuned because it looks like the American Spirit is growing every day and much more community solidarity against the Beast is coming soon to main-street  America.
http://www.youtube.com/watch?feature=player_embedded&v=-8TCx-sM1vw#t=0s



40 Ways That China Is Beating America

by Michael
40 Ways That China Is Beating America
China is wiping the floor with the United States on the global economic stage, and most Americans are so clueless that they have absolutely no idea what is happening.  The number one global economic superpower is in anadvanced state of decline, and the number two global economic superpower is becoming stronger with each passing day.  Unless something truly dramatic happens, it is only a matter of time before China overtakes America and become the dominant economic force on the planet.  In fact, China is already exercising economic superiority over the United States in a whole host of ways.  China produces more goods than we do, China does more total trade in goods with the rest of the world than we do, China produces more cars than we do, China produces more gold than we do, China consumes more energy than we do, China produces more coal than we do and China produces more steel than we do.  Every single year, we buy far more from them than they buy from us, and this has made them exceedingly wealthy.  Our politicians regularly make trips over to China to beg them to lend us back some of the money that they have taken from us.  Today, we owe China more than a trillion dollars and the Chinese are sitting on the biggest pile of foreign currency reserves that the world has ever seen.  All of this wealth has fundamentally transformed the nation of China over the past couple of decades.  Just check out the startling photographs of China from space in this article that show how China dramatically changed between 1992 and 2010.  As China continues to become stronger and as America continues to become weaker, will our children some day wake up in a world where the Chinese are telling them what to do?
China became the number one exporter of goods back in 2009, but now China has reached another milestone on the road to global economic dominance.
When you total up all exports of goods and all imports of goods, China now conducts more total trade in goods with the rest of the globe than the United States does.
China’s emerging role as the dominant player in global trade is shaking things up all over the planet.  The following is a brief excerpt from a recent Bloomberg article…
China’s growing influence in global commerce threatens to disrupt regional trading blocs as it becomes the most important commercial partner for some countries. Germany may export twice as much to China by the end of the decade as it does to France, estimated Goldman Sachs Group Inc.’s Jim O’Neill.
“For so many countries around the world, China is becoming rapidly the most important bilateral trade partner,” O’Neill, chairman of Goldman Sachs’s asset management division and the economist who bound Brazil to Russia, India and China to form the BRIC investing strategy, said in a telephone interview. “At this kind of pace by the end of the decade many European countries will be doing more individual trade with China than with bilateral partners in Europe.”
If current trends continue, what will the world look like in 10 years?
Will the Chinese dominate the entire global economy?
What would that mean for America?
Sadly, Chinese dominance is already having very serious negative consequences in this country.
The following are 40 ways that China is beating America…
#1 As I mentioned above, when you total up all imports and exports of goods, China is now the number one trading nation on the entire planet.
#2 During 2012, we sold about 110 billion dollars worth of stuff to the Chinese, but they sold about 425 billion dollars worth of stuff to us.  That was the largest trade deficit that one nation has had with another nation in the history of the world.
#3 Overall, the U.S. has run a trade deficit with China over the past decade that comes to more than 2.3 trillion dollars.
#4 China now has the largest new car market in the entire world.
#5 China has more foreign currency reserves than anyone else on the planet.
#6 China is the number one gold producer in the world.
#7 China is also the number one gold importer in the world.
#8 The uniforms for the U.S. Olympic team were made in China.
#9 85 percent of all artificial Christmas trees are made in China.
#10 The new World Trade Center tower is going to include glass that has been imported from China.
#11 The new Martin Luther King memorial on the National Mall was made in China.
#12 One of the reasons it is so hard to export stuff to China is because of their tariffs.  According to the New York Times, a Jeep Grand Cherokee that costs $27,490 in the United States costs about $85,000 in China thanks to all the tariffs.
#13 The Chinese economy has grown 7 times faster than the U.S. economy has over the past decade.
#14 The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.
#15 The United States has lost an average of 50,000 manufacturing jobs per month since China joined the World Trade Organization in 2001.
#16 Overall, the United States has lost a total of more than 56,000manufacturing facilities since 2001.
#17 According to the Economic Policy Institute, America is losing half a million jobs to China every single year.
#18 China now produces more than twice as many automobiles as the United States does.
#19 Since the auto industry bailout, approximately 70 percent of all GM vehicles have been built outside the United States.
#20 After being bailed out by U.S. taxpayers, General Motors is currently involved in 11 joint ventures with companies owned by the Chinese government.  The price for entering into many of these “joint ventures” was a transfer of “state of the art technology” from General Motors to the communist Chinese.
#21 Back in 1998, the United States had 25 percent of the world’s high-tech export market and China had just 10 percent. Ten years later, the United States had less than 15 percent and China’s share had soared to 20 percent.
#22 The United States has lost more than a quarter of all of its high-tech manufacturing jobs over the past ten years.
#23 China’s number one export to the U.S. is computer equipment, but the number one U.S. export to China is “scrap and trash”.
#24 The U.S. trade deficit with China is now more than 30 times larger than it was back in 1990.
#25 China now consumes more energy than the United States does.
#26 China is now the leading manufacturer of goods in the entire world.
#27 China uses more cement than the rest of the world combined.
#28 China is now the number one producer of wind and solar power on the entire globe.
#29 There are more pigs in China than in the next 43 pork producing nationscombined.
#30 Today, China produces nearly twice as much beer as the United States does.
#31 Right now, China is producing more than three times as much coal as the United States does.
#33 China now produces 11 times as much steel as the United States does.
#34 China produces more than 90 percent of the global supply of rare earth elements.
#35 China is now the number one supplier of components that are critical to the operation of U.S. defense systems.
#36 A recent investigation by the U.S. Senate Committee on Armed Services found more than one million counterfeit Chinese parts in the Department of Defense supply chain.
#37 15 years ago, China was 14th in the world in published scientific research articles.  But now, China is expected to pass the United States and become number one very shortly.
#38 China now awards more doctoral degrees in engineering each year than the United States does.
#39 The average household debt load in the United States is 136% of average household income.  In China, the average household debt load is 17% of average household income.
#40 The Chinese have begun to buy up huge amounts of U.S. real estate.  In fact, Chinese citizens purchased one out of every ten homes that were sold in the state of California in 2011.
Are you starting to get the picture?
And in the years ahead China is projected to become even more powerful economically.
In fact, the IMF is projecting that China will surpass the United States and become the largest economy on the planet in 2016.
That is just three years from now.
Nobel economist Robert W. Fogel of the University of Chicago is projecting that if current trends continue, the Chinese economy will be three times larger than the U.S. economy by the year 2040.
Could you imagine a world where China has vastly more economic power than the U.S. does and dictates the direction of the global economy?
That is where we are heading.
The dragon is rising and the torch is being passed.
So how do you think all of this will end?  Please feel free to post a comment with your opinion below…
China vs. America - Photo by Wangdora92

CBO - The Coming Raid on Social Security


Every politician in America knows that Social Security (SS) is a third rail. Any Pol who tries to mess with the country's largest and most popular entitlement program is going to have the likes of the AARP coming after them. It's not possible to win an election on a platform that advocates cutting back SS.
With that in mind, I find it interesting to report that a very credible source is now predicting that Obama AND Congress will take action over the next 24 months that will substantially undermine both the long and short-term health of SS. The legislative raid on SS will certainly total in the hundreds of billions, it could top $1T over the next fifteen years.
So who is this "credible source"? And just how is this raid going to happen? The source of this information is the Congressional Budget Office (CBO); the following is how it will play out:
SS consists of two different pieces. The Old Age and Survivors Insurance (OASI) and Disability Insurance (DI). Both entities have their own Trust Funds (TF). OASI has a big TF that will, in theory, allow for SS retirement benefits to be paid for another 15+ years. On the other hand, the DI fund will run completely dry during the 1stQ of 2016. By current law, the DI benefits must be cut across-the-board by 30% on the day that the DI TF is exhausted.
This would mean that 11 million people (most of whom are very sick) would get slammed from one day to the next. There is no one in D.C. who wants this to happen. I don't think the American public wants this outcome either. So what are the fixes?
1) Increase income taxes on +$250k of income to pay for the DI shortfall. Maybe, but this will not happen with the current Republican controlled House.
2) Increase Payroll taxes to cover the DI shortfall. I see zero political support for a permanent Payroll tax increase.
3) Cut benefits by 30%. This would be insane - it will not happen with Obama running the show.
4) Kick the can down the road and raid the OASI TF for the annual shortfalls at DI.
Of course #4 is the path that will be taken. #s 1, 2 and 3 are not politically feasible. I have been wondering what will happen with the DI conundrum. I was surprised to see that the CBO spelled out what will happen in its report on the Budget and Economy - SS Trust Funds. The report has this footnote:
CBO projects that the DI trust fund will be exhausted during fiscal year 2016. Under current law, the Commissioner of Social Security may not pay benefits in excess of the available balances in a trust fund, borrow money for a trust fund, or transfer money from one trust fund to another. However, following rules in the Deficit Control Act of 1985 (section 257(b)), CBO's baseline assumes that the Commissioner will pay DI benefits in full even after the trust fund is exhausted.
The "loophole" to drain the OASI insurance is already law - so Congress doesn't have to do anything to raid the retirement fund. The "do nothing" plan is always the best option in D.C.
The footnote goes on to provide an estimate for the size of the raid:
For illustrative purposes, below are the cumulative shortfalls in the DI trust fund beginning in 2016. Those shortfalls do not include interest expenses.

DI Trust Fund Cumulative Shortfall
($s in Billions)
2016 -15
2017 -55
2018 -94
2019 -133
2020 -173
2021 -215
2022 -260
2023 -307
Wow! At this rate the raid tops $1T in 2029. This is is a big dent in a Trust Fund of $2.8T.
There is an import "tell" from the CBO. In the footnotes it highlights the fact that there is a discrepancy, and uses this an excuse to avoid establishing an adjusted end date for the OASI Trust Fund. (It's not a complicated calculation)
What CBO fails to state is that the raid on OASI will result in a significant reduction in the End Date for the retirement Fund. In its report to Congress last year SS forecast that the Retirement fund would be exhausted in 2033. The DI drain (and other negative revisions by CBO) will bring the End Date to below 2030 in the upcoming SS report to Congress. That would be a very significant development. CBO does not want to be the one who puts a new date "out there". To me, this was a cop-out by the CBO.
Given that discrepancy between the trust funds' operation and the baseline's assumption, CBO is not providing DI or combined trust fund totals for the year of exhaustion and thereafter.
The timing of this story is interesting. I'm as sure as I can be that the DI fund WILL NOT be exhausted in November of 2015 (it will come 2-3 months after the election). The question in my mind is will the "fix" come before or after the bi-election. If Obama was a gambler, and he believed the Democrats could re-take the House in 2015, then he might defer action on DI until 2016. This scenario creates the opportunity for option #1, a tax on the rich to supplement DI. Of course that is gambling, and there would be a very small window of time to push through a new income tax to save DI.
Then there is the Republicans. Do they want to push this before, or after 11/2015? I could argue both ways, but in the end, it gets back to the fact that no one wants to "do" anything with SS. It's better to do "nothing"; that makes #4 the most likely outcome.
I hope that some of the big Defenders of SS pick up on the information from the CBO regarding the coming raid on the retirement fund. This is a huge constituency (60m beneficiaries - 150m contributors - every politician in the country - all of the Press). If that group catches on to what is about to happen to the retirement fund, there will be a great chorus of, "Don't you dare touch my money!"
I'm trying to stir the pot on this one. I want DI's terminal condition to come onto the table sooner versus later. I'm hoping that if and when it does come up for discussion, it opens the door on the broader issue of what the hell America is doing with entitlements. Basically, I'm trying to pick a big fight. For the good of the country, wish me luck.

animals-fighting-4

Barclays to close tax avoidance unit and axe 2,000 jobs as it tries to recover from Libor scandal

  • Antony Jenkins is to announce the moves on Tuesday
  • They are an attempt to move the bank away from its scandal-hit past
  • The bank's annual results will also be released


Changes: Barclays boss Antony Jenkins is to scrap the company's tax avoidance unit in a bid to move away from the bank's scandal-hit past
Changes: Barclays boss Antony Jenkins is to scrap the company's tax avoidance unit in a bid to move away from the bank's scandal-hit past
Barclays is to shut down a controversial unit used to slash tax bills in a bid to ‘shred’ the legacy left by former boss Bob Diamond.
Critics last night welcomed the move but baulked at the idea that the lender has had a ‘Road to Damascus moment’ over its ethics.
Barclays, which is fighting to salvage its reputation after a string of scandals, will unveil the plans after its financial results tomorrow, when it counts the cost of its wrongdoing.
It is expected to slash up to 2,000 ‘casino bankers’ at its investment arm Barclays Capital as part of a shake-up. But in its most eye-catching bid to convince the public that it is improving its culture, it will also announce the closure of its structured capital markets business.
This secretive division helps companies avoid tax through a network of offshore tax havens and was previously run by its highest-paid banker Roger Jenkins.
But it has also been used by Barclays to cut its own tax bill in the UK, heaping pressure on ordinary households to bridge the £32billion annual shortfall in HM Revenue & Customs’ coffers.
Last year it was ordered by the Treasury to repay half a billion pounds after being caught out using two ‘aggressive’ loopholes to avoid paying tax.
Barclays chief executive Antony Jenkins will describe the activities of its tax-avoidance arm as ‘legal’ but ‘incompatible with our purpose’, pledging ‘a new approach for a new era of banking’.

In the closest the bank has come to admitting widespread tax avoidance, he will admit that in some cases the unit ‘relied on sophisticated and complex structures, where transactions were carried out with the primary objective of accessing the tax benefits’. He will say: ‘We get it. The old ways weren’t the right way to behave nor did they deliver the right results – for banks themselves or for wider society.
Job cuts: The move will see some 2,000 investment banking jobs axed by the firm
Job cuts: The move will see some 2,000 investment banking jobs axed by the firm
‘There must be a new approach for a new era of banking. Banks that fail to change will become failing banks. My message is Barclays is changing.’
The move comes amid fresh accusations that Barclays helped clients avoid tax on an ‘industrial’ scale. In a Panorama investigation aired on BBC One tonight, a former insider will claim that the small team of 100 staff at the structured capital markets unit would share huge rewards from the profits of tax avoidance deals.
Scandal: The closure is part of Mr Jenkins' drive to 'shred' the legacy left by former boss Bob Diamond who resigned following the bank's £290 million Libor rigging settlement last year
Scandal: The closure is part of Mr Jenkins' drive to 'shred' the legacy left by former boss Bob Diamond who resigned following the bank's £290 million Libor rigging settlement last year
‘Some tax restructuring is common in a lot of banks, and there’s nothing wrong with it. The issue is they turned it into an industry within the bank.’
The tax avoidance arm was run by Roger Jenkins, a former boyfriend of supermodel Elle Macpherson, who made as much as £40million a year before leaving the bank in 2009. Mr Jenkins, 57, is also one of several current and former Barclays executives being investigated by the Serious Fraud Office and the City watchdog over fees paid to Middle East investors during the financial crisis.
Campaigners welcomed Barclays’ decision to close its tax avoidance arm but said it needed to be accompanied with a reform of the system to make it harder for companies to dodge tax.
Robert Oxley, from the TaxPayers’ Alliance, said: ‘Companies shutting down controversial units might ease public anger but it doesn’t solve the problem of our broken  tax system. Until it is reformed the public will remain deeply unhappy when they see companies able to exploit relief and loopholes simply not open to the rest of us.’
Chief executive Mr Jenkins admitted to the banking commission of MPs and peers last week that the overhaul of his bank amounted to ‘shredding’ the legacy left by his predecessor Mr Diamond.
He admitted that an ‘aggressive’ and ‘self-serving’ culture had developed under the American.
Barclays last night said it paid its fair share of tax in the UK, having paid £300million of corporation tax on profits of £1billion in 2011.
RBS boss Stephen Hester is facing pressure to forfeit his bonus

Tax avoidance by U.S. giants has cost the UK £2bn a year

Money as Debt 3 – Evolution Beyond Money (Full Version)

What are the problems with our current money system? Part 1 of Money as Debt III – Evolution Beyond Money, takes a critical look at the fundamentals of today’s money system, conceptually and in terms of its design arithmetic
Part 1 is a review, and an expansion upon, information provided in Money as Debt, and Money as Debt II – Promises Unleashed. It is advantageous to have seen the first two movies of the Trilogy because it is quite unfamiliar material for most people.
Also see Money as Debt 1 and Money as Debt 2.


As Egypt Runs Out Of Dollars, Is It Next On The Devaluation Bandwagon?

Source: Zero Hedge

Late on Friday Venezuela shocked the world when instead of reporting an update on the ailing health of its leader, as many expected it would, it announced the official devaluation of its currency, the Bolivar by nearly 50% against the dollar yet still well below the unofficial black market exchange rate. By doing so, it may have set off a chain reaction among the secondary sovereigns in the world, those who have so far stayed away from the "big boys" currency wars, or those waged by the Big 6 "developed world" central banks, in an attempt to also "devalue their way to prosperity" and boost their economies by encouraging exports even as the local population sees a major drop in its purchasing power and living standards. So in the game, where the last player to crush their currency inevitably loses, the question is who is next. The answer may well be America's latest best north African friend, and custodian of the Suez Canal: Egypt.

 

As Reuters reports, in the ongoing underreported counterrevolution against the Muslim Brotherhood's US-backed regime, the local population is increasingly scrambling to preserve their local-denominated paper wealth by converting it into the same currency that Bernanke is hell bent to crush some by some $85 billion per month. Problem is - Egypt is out of dollars.
A run on Egypt's pound has left foreign currency in short supply and driven some dealers into the streets in search of people with U.S. dollars to sell, spawning a new black market.
The currency's decline was triggered by a political uprising that swept Hosni Mubarak from power in 2011 and it has officially lost 8 percent of its value since Dec. 30.
Black market rates are even weaker, a sign that although the central bank managed to stem the slide in official trade last week, Egyptians are nervous about holding on to pounds.
"There are no dollars. Everyone that walks in asks for dollars but supply is scarce," said one of the dealers.
The central bank took steps last week to manage the rate including narrowing the pound's trading band. It was last bid at 6.71 to the dollar on Sunday in interbank trade.
That is 13.4 percent weaker than its level on the eve of the uprising that led to Mubarak's downfall, pitching Egypt into two years of turmoil that has scared off tourists and investors.
It is the fear that the weakness in the EGP will only get much worse, that has citizens rushing to hit any USD bids, even if it means black market rates that are drastically higher than the official exchange rate: "On Cairo's streets, one dealer offered to sell dollars at a rate of 6.95 on Thursday - 3.5 percent weaker than the official price. Another asked for 6.89 pounds to the dollar."
Yet where it may get much worse, is that the nation itself may soon run out of dollars. As we reported last week, Egypt's foreign currency reserves have plunged to just $13.6 billion, some 60% less than the $36 billion held at the bank on the eve of the uprising against Mubarak, and below the $15 billion required to cover three months imports.
And while the government itself is at risk of having its foreign trade ground to a halt, the bigger risk is that very soon Egypt will have no choice but to follow in Argentina's footsteps and order a price freeze, or else risk a run on the supermarket:
One senior executive at an Egyptian company that imports goods from abroad said companies were able to source their dollar needs from the black market, but forecast that supply would tighten further in the coming weeks.
"Corporates are not having problems arranging for U.S. dollars from the open market. However, there is a spread that ranges between 16 to 20 piasters between the bank rates and the open market," he said.
Speaking on condition of anonymity because he was discussing an illegal market, he forecast that dollar supply would dry up further because of factors such as political uncertainty.
"What will happen? Most probably you will start seeing products disappearing from supermarket shelves," he said. "The challenges that we are facing now are nothing compared to what we could be heading to."
He could well be speaking about the entire developed world. And sadly, there is no simple resolution, because while the Egyptian government may promptly devalue the EGP overnight by some 20%, 40% or more, as Chavez just did, it will merely accelerate the scramble to procure hard assets (in lieu of a hard currency), and further destabilize an economy already on the bring of a second civil war.
And the worst news is that should Egypt indeed devalue just as Venezuela did, it is assured that everyone else in the "less than developed" world category will suddenly scramble to be the next just so they are not the last. What happens then is anyone's guess.

Putin Turns Black Gold to Bullion as Russia Outbuys World

When Vladimir Putin says the U.S. is endangering the global economy by abusing its dollar monopoly, he’s not just talking. He’s betting on it.
Not only has Putin made Russia the world’s largest oil producer, he’s also made it the biggest gold buyer. His central bank has added 570 metric tons of the metal in the past decade, a quarter more than runner-up China, according to IMF data compiled by Bloomberg. The added gold is also almost triple the weight of the Statue of Liberty.

“The more gold a country has, the more sovereignty it will have if there’s a cataclysm with the dollar, the euro, the pound or any other reserve currency,” Evgeny Fedorov, a lawmaker for Putin’s United Russia party in the lower house of parliament, said in a telephone interview in Moscow.
Gold, coveted by Russian rulers including Tsar Nicholas II and the Bolshevik leader whose forces assassinated him, Vladimir Lenin, has soared almost 400 percent in the period of Putin’s purchases. Central banks around the world have printed money to escape the global financial crisis, sapping investor appetite for dollars and euros and setting off a scramble for safety.
In 1998, the year Russia defaulted on $40 billion of domestic debt, it took as many as 28 barrels of crude to buy an ounce of gold, data compiled by Bloomberg show. That ratio tumbled to 11.5 by the time Putin first came to power a year later and in 2005, after it touched 6.5 -- less than half what it is now -- the president told the central bank to buy.

Putin’s Call

During a tour that November of the Magadan region in the Far East, where Polyus Gold International Ltd. and Polymetal International Plc have operations, Putin told Bank Rossii not to “shy away” from the metal. “After all, they’re called gold and currency reserves for a reason,” Putin said, according to a Kremlin transcript.
At the time, gold was at an 18-year high of $495 an ounce and the Moscow-based central bank held 387 tons, or 2.2 percent of its $165 billion total reserves. The share reached 3.5 percent within a month, according to data compiled by Bloomberg.
Gold for immediate delivery fell a third day today, dropping 0.6 percent to $1,657.80 an ounce as of 4:35 p.m. in Moscow. It rose 7 percent last year, the 12th straight year of gains. Analysts expect the metal to advance again in 2013, to $1,825 by the end of the year, according to the median of 26 forecasts in a Bloomberg survey.
Dmitry Peskov, Putin’s spokesman, declined to comment today on Putin’s interest in gold.

Lucky Guy

“Putin’s gold strategy fits in with his resource nationalism, statist agenda,” said Tim Ash, head of emerging- market research at Standard Bank Plc in London. “It’s kind of a defensive play, but it worked, right?” Ash said in an interview in Moscow. “You need luck in politics and business, and clearly the guy has it.”
Other world leaders haven’t been as lucky. Gordon Brown, as U.K. finance minister, sold almost 400 tons of gold in the 30 months to March 2002, when prices were at two-decade lows. London tabloids have referred to the period as Brown’s Bottom.
Quantitative easing by major economies to support financial asset prices is driving demand for gold in the emerging world, said Marcus Grubb, head of investment research at the World Gold Council. Before the crisis, central banks were net sellers of 400 to 500 tons a year. Now, led by Russia and China, they’re net buyers by about 450 tons, Grubb said by phone from London, where his industry group is based.

‘Significant Switch’

“That’s a very significant switch, and obviously a very positive one for the gold market,” Grubb said.
While Putin is leading the gold rush in emerging markets, developed nations are liquidating. Switzerland unloaded the most in the past decade, 877 tons, an amount now worth about $48 billion, according to International Monetary Fund data through November. France was second with 589 tons, while Spain, the Netherlands and Portugal each sold more than 200 tons.
Even after Putin’s binge, though, Russia’s total cache of about 958 tons is only the eighth largest, the World Gold Council said in a Feb. 8 report. The U.S. is No. 1 with about 8,134 tons, followed by Germany with 3,391 tons and the Washington-based IMF with 2,814 tons. Italy, France, China and Switzerland are fourth through seventh. While gold accounts for 9.5 percent of Russia’s total reserves, it accounts for more than 70 percent in the U.S., Germany, Italy and France.

Truth Street

Russia keeps about two-thirds of its stockpile in a greenish gray stone-and-glass building on Ulitsa Pravdy, or Truth Street, in central Moscow. The road is named after Pravda, the official newspaper of the Communist Party, which also was headquartered there.
Then-Prime Minister Putin became the first Russian leader to visit the complex on Jan. 24, 2011, according to the government’s website. He toured the 17,000 square-meter facility, which includes 1,500 square meters of storage, with First Deputy Chairman Georgy Luntovsky, posing for photographs lifting an ingot. Most of the bars weigh 10 to 14 kilograms (22 to 31 pounds) and are boxed in plastic or wooden crates alongside an emergency supply of banknotes.
Technically, state metals depositary Gokhran has the exclusive right to buy all gold mined in the country. In practice, it lets commercial banks buy from producers directly, usually in the form of project financing, said Sergey Kashuba, chairman of the Russian Union of Gold Producers in Moscow.
When the central bank buys gold, it’s from those commercial banks, led last year by OAO Sberbank, OAO Nomos Bank, VTB Group and OAO Gazprombank, Kashuba said. Russia produced 205 tons of gold last year, making it No. 4 after China, Australia and the U.S., according to U.S. Geological Survey estimates.

Tight Security

Security is tight along the entire production chain, Kashuba said. Just two organizations are allowed to move partially refined gold from miners in the Far East and northern Siberia to processing facilities in other parts of the country, he said. One is FeldSvyaz, a courier service that reports directly to Putin. The other, SpetsSvyaz, was split off from Stalin’s NKVD secret police in 1939 to transport precious metals and state secrets, according to its website.
Russia has gone through bouts of hoarding before. Tsar Alexander II ordered his government to start amassing bullion in 1867, just months after selling Alaska, now the No. 2 gold- producing U.S. state, for $7.3 million. His grandson, Nicholas II, introduced the gold standard in 1897, then needed a loan from France to ward off speculators and save the system in 1906.

Lenin’s Link

Nicholas, Russia’s last tsar was forced to free the ruble in 1914 as war broke out in Europe. Lenin’s revolutionary government reinstated the gold link along with a new currency in 1922. While Soviet rubles were nominally backed by gold, sales of the metal to citizens were halted in 1930, making the peg meaningless.
When Lenin’s Bolsheviks seized power in Petrograd, as St. Petersburg was then known, in 1917, one of their first targets was the State Bank and its gold, which they captured at 6 a.m. on Nov. 7, according to Bank Rossii’s website. They soon nationalized all the banks, confiscating any gold found in vaults and deposit boxes.

Communist Secrecy

Communist secrecy regarding the country’s gold holdings fueled speculation that party elites had amassed a huge hoard of bullion that they spirited out of the country before the Soviet Union disintegrated in 1991.
Viktor Gerashchenko, the last Soviet central banker and a two-time chairman of Bank Rossii, has repeatedly denied such speculation, including last February.
“When people ask about the party’s gold, my answer is always: Are you an idiot or something?” Gerashchenko, 75, told Afisha magazine.
For now, with more than five years left in Putin’s term, Russia plans to keep on buying.
“The pace will be determined by the market,” First Deputy Chairman Alexei Ulyukayev said in an interview in Davos, Switzerland, on Jan. 25. “Whether to speed that up or slow it down is a market decision and I’m not going to discuss it.”