ThereAreNoSunglasses

American Resistance To Empire

America, It Has Come To This—Revolution Or Civil War

Game Over: Total Collapse is Imminent

the common sense show

Dave Hodges

The Common Sense Show

Can you pick yourself out of the photo?

Can you pick yourself out of the photo?

America, while you slept, your country was stolen from you. Your country was absconded by all the political misfits and corporate criminals that the disenfranchised former Republicans and Democrats have been trying to warn you about during the last several years.

How Did We Get Here?

Laws, originating out of New Deal legislation, written in response to the Great Depression, provided some measure of protection for the American financial system from the unsavory forces which led to its initial demise in 1929. In 2008, corporate greed, governmental corruption and a populace who was asleep at the wheel, has succeeded in achieving what historians will someday label the “Greatest Depression of 2013-2014.” History will also show that the destruction of the late, great American economy was entirely self-inflicted.

Why the US Economy Is Irreversibly Damaged

If Americans knew their history, then we would be cognizant of the fact that one of the prime causes of the Great Depression was due to stock investors buying shares on margin (i.e., loans). Glass Steagall Act protected Americans from this shady practice by separating commercial banking from this investment practice of stockbrokers. However, with one stroke of his New World Order pen, Bill Clinton’s repeal of the Glass-Steagall Act opened the flood gates for the domestic AND foreign infusion of bad credit into both our stock market and banking system. Consequently, both industries stand in the midst of a total and complete economic collapse in what is quickly becoming known as the most massive wealth transfer in world history.On September 30, 1999 , Fannie Mae and Freddie Mac sought governmental permission to “relax” (i.e., break) the prudent governmental regulations on sound lending practices and begin to make loans to individuals who were not credit worthy. This spelled the death of the mortgage industry as we once knew it and the housing market was collapsed.

The Uptick Rule once prevented companies from crashing due to large scale shorting of company stock. A company’s stock could not be sold short as long as it was in continuous decline. Short sellers had to wait for an uptick in the stock before engaging in shorting. The Uptick Rule was retired in 2007 and the rest, as they say, is history. The elimination of the Uptick Rule is like going to a basketball game and not being able to see the scoreboard. Who’s ahead, who’s behind? Nobody knows but “Ladies and Gentlemen, place your bets!” What is your stock portfolio worth? Who knows? Who cares? Somebody wealthy is getting wealthier at your expense and you and your middle class investors are none the wiser.

The rapid increase in the price of fuel during the last several years is a good example of the destructive nature of the derivative market. Most of the price gouging which resulted in unprecedented increases in gas prices, and record oil company profits, was due to speculation in futures especially by Goldman Sachs which just happens to be former Treasury Secretary’s Henry Paulson’s old company. Paulson oversaw the first bailouts as a result of the derivatives market failure. Today the derivatives market has collapsed and the collapse has pulled our entire economy along with it. The Federal Reserve is temporarily keeping the economy barely afloat by printing massive sums of money, but this game is almost over.

Why America Can Never Recover

banksters get out of jail card freeDerivatives are not stocks or bonds or anything of tangible value. The value of a derivative is technically viewed as “anticipated future value.” Therefore, derivatives have no real value. However, a derivatives transaction must have the backing of a financial institution such as a brokerage or a bank. The assets used to back up and collateralize the worthless derivatives are real and substantial. When the derivatives market crashed, it took down hard assets of tangible value. In effect, the economy had stupidly used something in order to back up nothing and the something is now in the total control of the central bankers. To cover the losses of the “too-big-to-fail” entities, the bailouts were initiated in what constituted the largest wealth transfer in world history.

This is the ultimate money game in which paper derived from other paper, such as futures and options, has served to bolster the balance sheets on Wall Street. Futures and options are exchanged traded derivatives, but the largest group of derivatives is not even traded on the exchanges. These are called “counterparty derivatives” and consist of such financial entities as mortgage backed securities and credit default swaps.

It is estimated that total derivative exposure of the financial system is between one quadrillion and one and a half quadrillion. A quadrillion is 1,000 trillion dollars and it has largely collapsed. The entire Gross Domestic Product (GDP) of all the world’s countries in 2011 was approximately 77 trillion dollars. GDP is an economic term for everything that is produced for sale. The American middle class is being asked to bear the burden of the entire derivatives market collapse which totals over 16 times the net value of the entire planet. No amount of bailouts can ever cover the loss. This is simply the bankers way of transferring what is left of middle class wealth before the final collapse.

IT IS MATHEMATICALLY IMPOSSIBLE TO PAY OFF THE DERIVATIVE DEBT!

dhs vehicle

Where do you think the bail out money went? Ask yourself why so many corporate heads are building homes overseas? Why did George Bush build a 100,000 acre ranch in Paraguay? Why is NORTHCOM, a combat organization, is engaged in urban riot control training? Why did DHS purchase 2.2 billion rounds of ammunition to go with their 2700 armored personnel carriers? Even the National Weather Service has purchased million of rounds of ammunition. Why are the Russians training on American soil with FEMA in a bilateral agreement signed by Obama? Why are we seeing one disaster drill after another being carried out in this country? Here is a partial list of disaster drills being carried between September 25-November 13th.

Port of Houston Ran Simulation Drill for ‘Dirty Bomb’ Attack Sept. 25

Maine Hosted Secret Multi-Agency Disaster Drill Sept. 25

Great ShakeOut Earthquake Drill Set Oct. 17

More Than 1,000 Banks Plan National Cyber-Attack Drill Oct. 16-17, Oct. 23-24

Quantum Dawn’ Is a Cyber-Attack Bank Drill –

Banks Get an “F” in Security

GridEx2 Nov. 13-14

 

Many of us feel that inside one of these disaster drills lies the false flag event which will be used to collapse the economy and lead to either martial law or civil war. Do you really think that language is too strong? On Friday, Senator Tom Harkin (D-Iowa) stated that the political rhetoric has reached civil war levels.

The central bankers know that no amount of Quantitative Easing can pay for the hard assets that were lost in order to collateralize the derivatives. They have no option but to collapse the system and start over, but before they do, they are going to steal everything that is not nailed down. This is why in preparation of this move to collapse the system, they are obtaining as many hard assets as possible. This is why the Federal Reserve has been printing 40 billion dollars per month for the sole purpose of purchasing mortgage backed securities. This is why central bankers are under orders from the Bank of International Settlement which has ordered its rank and file central bankers from each country to greatly minimize loans in order to limit exposure when the collapse occurs. This is why the MERS mortgage fraud, in which millions of people are having their houses stolen through the creation of phony titles, continues unabated. This is why the Seventh Circuit Court of Appeals ruled that once a depositor puts their money in the bank, the bank owns the money.  This is why Treasury Secretary Lew began to “borrow” against federal pensions late last spring. This is why DHS, the IRS et al are preparing to go to war with the American people as they arm to the teeth. This is why the foreign troops are here.You are on the Titanic and you are going down. Still not convinced? Then explain Cyprus, Greece, Poland and now Panama where the TPTB are stealing pensions and bank accounts and you don‘t think it can happen to you because you are an American?

We have options America. We could arrest the Wall Street thugs that perpetrated this whole bloody mess and issue a declaration of debt repudiation. However, the other side is prepared to fight you as evidenced by the recent militarization of every federal agency. I do not believe that that America has the intestinal fortitude to fight back. We are a soft nation. And if we did resist, we should be prepared to fight the Russians and the Chinese on American soil because the central bankers will certainly follow a Red Dawn scenario.

When the Titanic went down, who did they save? They saved 70% of the wealthy as they were the ones that got into the life boats while the coach passengers were locked into steerage in which only 10% of those poor persons survived. This is exactly what is going on now. The government is not bailing out small business owners, pension holders and the average investor. They, we, are only bailing out the rich friends of the international bankers. The rest of us are locked into middle class steerage. Get your money out of the bank. Cash in your 401K and your pensions. The game is over and you only have time to jump from this sinking ship.America, there is a price for our collective ignorance and it is called enslavement.

Our moms were wrong, what you don’t know can and will hurt you!

game over

 

INTERNMENT AND RESETTLEMENT OPERATIONS—US ARMY FM 3-39.40

“Destroy by any method that will prevent disclosure of contents or reconstruction of the document.”

USArmy-InternmentResettlement

Civilian Internees

1-10. A CI is a civilian who is interned during armed conflict, occupation, or other military operation for security reasons, for protection, or because he or she committed an offense against the detaining power. (JP 3-63) CIs, unless they have committed acts for which they are considered unlawful combatants, generally qualify for protected status according to the GC, which also establishes procedures that must be observedwhen depriving such civilians of their liberty. CIs are to be accommodated separately from EPWs and persons deprived of liberty for any other reason.

Bankrupt Detroit—America In A Microcosm

Report by emergency manager says Detroit’s finances are crumbling, future is bleak

foxnews
Associated Press

Detroit Finances_Cala.jpg

Detroit is broke and faces a bleak future given the precarious financial path it’s on, according to a new report out by the city’s state-appointed emergency manager.

The report was released late Sunday by bankruptcy attorney Kevyn Orr and is his first on Detroit’s finances since officially taking the job in March.

Under state law, the report was due within 45 days of Michigan’s newest emergency manager law taking effect. Orr’s spokesman Bill Nowling had warned last week that the report was an early look at Detroit’s fiscal condition and would not be glowing.

The summation is the latest blow to the city which came under state oversight in March when Gov. Rick Snyder selected Orr to handle Detroit’s finances. Then, the city estimated its budget deficit to be about $327 million. Detroit also has struggled over the past year with cash flow, relying on bond money held by the state to pay some of its bills.

But Orr reports that Detroit’s net cash position was negative $162 million as of April 26 and that the projected budget deficit is expected to reach $386 million in less than two months.

He also warns that the city’s financial health might change as more data is collected and analyzed.

“What is clear, however, is that continuing along the current path is an ill-advised and unacceptable course of action if the city is to be put on the path to a sustainable future.”

Detroit is the largest city in the country under state control and the city’s wallet is now Orr’s to command. He dictates how Detroit spends its money, something that had been the responsibility of first-term Mayor Dave Bing and the nine-member City Council.

In a statement Monday morning, Bing said his office plans a “comprehensive evaluation” of the report over the next day.

“A comprehensive review of the emergency manager’s financial and operating plan has yet to be conducted,” Bing said. “However, my initial review is that the assessment by Mr. Orr of the city’s financial condition is consistent with my administration’s findings.”

The city’s problems preceded Bing, a former steel supply company owner and professional basketball Hall-of-Famer.

“This has been a moving target. The historical numbers that have been reported were unreliable,” bankruptcy expert Doug Bernstein said. “Certainly, nobody was going to expect the numbers were to be better than were reported.”

Orr described the city’s operations as “dysfunctional and wasteful after years of budgetary restrictions, mismanagement, crippling operational practices and, in some cases, indifference or corruption.”

“Outdated policies, work practices, procedures and systems must be improved consistent with best practices of 21st century government,” he said in the report. “A well run city will promote cost savings and better customer service and will encourage private investment and a return of residents.”

The report also looked at attempts officials have made to fix problems.

“Recently, tens of millions of dollars of pension funding and other payments have been deferred to manage a severe liquidity crisis at the City,” Orr wrote in the report. “Even with these deferrals, the City has operated at a significant and increasing deficit. It is expected that the City will end this fiscal year with approximately $125 million in accumulated deferred obligations and a precariously low cash position.”

The city also owes more than $400 million in outstanding obligations, including $124 million used to provide funds for public improvement projects.

Orr’s report identifies areas of concern and those needing immediate attention.

It’s highly likely he will seek concessions from the city’s labor unions. At least five unions representing police and firefighters are seeking arbitration in collective bargaining with the city.

Detroit lacks, but is developing a “comprehensive labor strategy for managing” its relationships with its unions, according to Orr.

The emergency manager law gives Orr the authority to “reject, modify or terminate” collective bargaining agreements and concessions will be sought, he wrote in the report.

“This power will be exercised, if necessary or desirable, with the knowledge and understanding that many city employees already have absorbed wage and benefit reductions,” he wrote.

When taking the job, Orr said he hoped to avoid a municipal bankruptcy filing, but didn’t rule one out if Detroit can’t reach agreements with its many creditors and bond holders.

“If he already hasn’t, he should continue negotiating for savings necessary in collective bargain,” said Bernstein, a managing partner of the Banking, Bankruptcy and Creditors’ Rights Practice Group for the Michigan-based Plunkett Cooney law firm. “He has to negotiate reductions with bond holders and get as many concessions as he can. It’s an across-the-board savings.

“If he can’t get everything completed by consent, then there is no option but bankruptcy. It should be a last resort. It should be used sparingly. It is an option. When all else fails, that’s the last tool in the tool box.”

The report also notes the instability in leadership atop the city’s police department. Detroit has had five different police chiefs over the past five years with varying plans on how to best handle the city’s high crime rate.

“As a result, (the department’s) efficiency, effectiveness and employee morale are extremely low,” Orr wrote. “Based on recent reviews … and input from the Michigan State Police and other law enforcement agencies, it is clear that improvements in DPD’s operations and performance could be achieved through the strategic redeployment of resources, civilianization of administrative functions, other labor efficiencies and revenue enhancements.”

The department also could benefit from more and better technology, equipment, police cars and personnel.

THATCHER (AND REAGAN) GOT IT ALL WRONG

[SEE: The Supply-Side Fraud: Republican Economics Don’t Work ]

THATCHER GOT IT ALL WRONG

AANGIRFAN


Bill Roache (left) has been arrested on suspicion of raping a young girl in 1967. Thatcher, on the right, always seemed to be surrounded by alleged child abusers.

In May 2013, Margaret Thatcher’s party, the Conservatives, performed rather badly in local elections.

The Thatcher funeral, in April 2013, reminded lots of voters that Thatcher got it all wrong, especially on the economy.


Thatcher with Conservative Member of Parliament Nigel Evans who has just been arrested for allegedly sexually assaulting two teenage males. Deputy Speaker Arrested On Suspicion Of Rape

Oxford historian David Priestland recently wrote about Thatcher:

History Magazine

“Since 2008, it has become increasingly evident that she did not lay the foundations for a prosperous Britain…

“It was only in 2008 that the true economic state of affairs became evident : the model built by Thatcher was being sustained by debt.”

Thatcher. (Geoffrey White / Daily Mail / Rex Features)

David Priestland, referring to the economic problems of the 1970s, writes:

“Some governments – like the Germans and the Swedish – sought to create a social consensus behind a programme of gradual restructuring…

“But Thatcher, like her fellow militant Ronald Reagan, … accelerated … the ‘deindustrial revolution’.”


Thatcher and Reagan.

Britain’s growth rate in the 1960s, before Thatcher, averaged well over 3%, in spite of strikes.

The average growth rate between 1979 and 1990, under Thatcher, was well below 3%, and, according to Priestland: “would probably have been lower without the North Sea oil windfall.”


Thatcher

Because of high unemployment under Thatcher, productivity rose temporarily.

But, in Germany, productivity rose more than twice as much, and they didn’t have the high unemployment!


Child abuser Savile was invited to stay with Thatcher many Christmases in a row. 

Historian Dominic Sandbrook writes of Thatcher:

History Magazine

“She promised to restore law and order, yet she presided over the worst riots Britain has ever seen.

Thatcher’s gay friend DEREK LAUD

“She talked of bringing back Victorian values, yet her decade in office saw divorce, abortion and illegitimacy reach unprecedented heights…

“She unleashed casino capitalism…”

“Public spending actually rose in all but two of her years in office.”

Austerity is not necessarily the answer when an economy is in touble.

Howe and Thatcher

“In late 1979, Thatcher’s economic minister Sir Geoffrey Howe told Thatcher that inflation was unlikely to fall below about 15 per cent.

“What actually happened in 1979-1981 was that the monetary targets were always overshot and inflation raced away regardless.

“The most obvious effect of the high interest rates that were supposed to tame M3 was, instead, to push up the sterling exchange rate, pricing British manufacturing exports out of world markets.”

Sir Geoffrey Howe then introduced a policy of severe austerity.

http://www.ft.com/


Alleged child abuser Sir Peter Morrison (left) was Thatcher’s closest aide.

Economists Paul de Grauwe and Yuemei Ji have pointed out that Eurozone countries that have introduced the most severe austerity since 2010 have experienced the largest falls in GDP and hence the greatest increases in debt to GDP ratios.

Panic-driven austerity in the Eurozone and its implications | vox


THATCHER’S FATHER LIKE JIMMY SAVILE?

The Thatcher government pocketed “one-off gains from the sale of public assets as current income.

“Together with the tax receipts from North Sea oil (again a temporary bonanza), this pushed the budget briefly into surplus at the peak of the boom under chancellor Nigel Lawson in the late 1980s.

“After the resignation of Lawson in 1989, and of Thatcher a year later, later chancellors were left to repair their financial legacy.”

World View: Obama’s Meeting with Jordan’s Abdullah may Signal Troop Deployment

[Mossad source Debkafile reports that Obama has ordered 20,000 US troops w/equipment to King Hussein Air Base Mafraq, near the border with Syria.  Mafraq is also the location of several refugee camps, holding hundreds of thousands of Syrians.  With the help of the little Jordanian king Obama may be about to try to tilt the scales of the Syrian civil war in favor of the so-called “moderate” faction.  If this is the case, then he probably informed the pig of Qatar of his decision this week, telling him to hold back on any further terrorist support until called upon to resume.  If Obama is foolish enough to pour his final conventional military resources “down a rat hole,” into a futile attempt to prevent the total “Islamist” takeover of Syria, then he will not only turn Syria into another quagmire “ala Bush,” but he will very likely enable the Saudis and Qatar to establish the dreaded “Caliphate” that the right-wing is constantly crying about. 

I don’t know about you, but I don’t think that I can peacefully withstand another round of Imperialist war.]

World View: Obama’s Meeting with Jordan’s Abdullah may Signal Troop Deployment

  • Demonstrators in Jordan protest American troop presence
  • Jordan’s King Abdullah and Obama meet to discuss Syria
  • Sunni Jihadists pour into Syria

Demonstrators in Jordan protest American troop presence

Anti-American protesters in Amman, Jordan on Friday (Al-Monitor)
Anti-American protesters in Amman, Jordan on Friday (Al-Monitor)

Last week, we reported that the U.S. announced the formal deployment of 200 troops to Jordan. The troops will be “ready for military action” if President Barack Obama were to order it. On Friday, Jordanians rallied against the deployment of the U.S. forces in Jordan. Demonstrators also burned a mock American flag. At the end of the demonstration, they gathered in a circle and danced, chanting about Ali Baba and the forty thieves. Al-Monitor

Jordan’s King Abdullah and Obama meet to discuss Syria

The question of the use of chemical weapons by Syrian president Bashar al-Assad continued to draw worldwide attention on Friday. President Barack Obama met with Jordan’s King Abdullah II in the White House and said that “a line has been crossed” in Syria.

He said, “To use weapons of mass destruction on civilian populations crosses another line in terms of international norms and laws… That’s going to be a game changer.” However, he declined to intervene militarily until a “vigorous investigation” had been completed to find more “direct evidence.”

However, Debka, which sometimes gets things wrong, is quoting its military intelligence sources as saying that the purpose of Obama’s meeting with Abdullah is to firm up an agreement for the U.S. to deploy a 20,000 troop “surge” into Jordan. The 200 troops announced last week are to lay the groundwork for the main body to take up quarters in the King Hussein Air Base Mafraq, near the borders of Iraq and Syria.

The purpose of the “surge” is to protect Jordan’s royal family both from jihadists from Syria and from an “Arab Spring” type revolt — a step that the Obama administration did not take with Tunisia, Libya, Egypt, or Yemen. The “surge” will be heavily coordinated with Israeli forces, and buffer zones will be set up on Syria’s borders to prevent attacks on both Jordan and Israel.

This “surge” comes at a time when thousands of fighters from Iran-backed Shia militias from Iraq and Hizbollah are aiding the al-Assad regime forces and are threatening to defeat the opposition rebels. The Hill and Debka

Sunni Jihadists pour into Syria

With thousands of fighters from Iran-backed Shia militias arriving in Syria to support al-Assad’s regime, it’s not surprising that thousands of Sunni jihadists are also arriving in Syria to fight the Shia militias. In particular, disaffected Muslims from Germany and elsewhere in Europe have been heading for Syria to receive training in weapons and terrorist techniques. German analysts are concerned that these fighters are gaining experience in Syria, making contacts, and will return to Germany and conduct terrorist attacks there. Spiegel

Bulk Gold Sales Halted As Price Drops Drastically

[All of the following reports from the last 7-14 days deal with different purchases of TONS OF GOLD—-China Buys Physical Gold By Tons ; Pakistan buys nearly 3 tons of GoldAzerbaijan’s SOFAZ buys 1 more ton of Gold ; Indians are about to buy a lot of gold—but it won’t make any difference to global prices ;  Russia and Turkey lead another gold-buying charge ]

COMEX Hurtling Towards Default And People Will Be “Settled” With Dollars, No More Metal Will Be Delivered!

InvestmentWatchInvestmentWatch

Comex Physical Drain Accelerates—With Over $7.8B In Gold Disappearing From All Depositories

As the headline battle between paper sellers and physical buyers of gold escalates, something eerily strange is continuing behind the scenes.

As first reported here on April 9thComex gold inventories have been plummeting, demonstrating the highest levels of physical removal ever during a single quarter in Q1, 2013.

Most shocking however, is that Comex warehouse inventories are accelerating their downward plunge, with dropping inventories now spreading to the world’s largest fund depositories.

Over the last four weeks alone, total reported inventories of ETFs, funds, and depositories collapsed by over 5.5 million ounces, or in dollar terms, by over $7,000,000,000 dollars.

http://bullmarketthinking.com/comex-physical-drain-accelerates-with-over-7-8b-disappearing-from-all-depositories/

This brings to mind important questions, such as…

-Why is there such a panic going on to remove physical gold from Comex registered warehouses and other depositories?

-Why did it begin before the collapse, and why does it now appear to be accelerating?

-Why is the multi-trillion dollar fund management industry denouncing gold, while it quickly moves inventory out of registered warehouses?

-Where is the gold moving, and what is it telling us?

-Is this wholesale migration signaling an imminent geopolitical or major market event?

SILVER DOCTORS:

The COMEX will default in the next week or several weeks and people will be “settled” with Dollars, no more metal will be delivered! So, knowing that “game over” has arrived, they are dumping a massive volume of paper contracts with impunity to push the metals prices as low as possible before the “default”. This way the “shorts” do not have to and will not be “covered” when “supply” cannot be obtained because of “an act of God”. They will be settled in cash (at a profit no less) because these “unforeseen” disruptions in supply. “Who could have seen it coming?” will be the mantra. I would suspect that banking stress and “bail ins” will also become prevalent globally. The pricing structure” will now push any and all physical sellers away from the markets and the “door” to safety is effectively being shut. Either you own metal or you don’t.

After the closure of the COMEX and LBMA doors there will be no availability and “price” will be meaningless.
 Your ability to protect yourself is right now for all intents and purposes being eliminated.

Thatcher/Reagan Destroyed the World Economy for Elitists’ Profit, But Germany Is Still Thriving

Few countries embraced Thatcher’s capitalism

Financial Times

From Mr Marc McDonald.

Sir, In “Right about Britain, Europe and nearly everything” (Comment, April 9), Niall Ferguson writes that Margaret Thatcher was “right about most things”. If this is true, why is Thatcher not fondly remembered today by most British people?

Thatcher’s central economic policy was to deregulate virtually everything, slash social services to the bone and embrace hardcore, dog-eat-dog capitalism. But today who advocates this sort of thing, outside of perhaps a dwindling number of Tea Party extremists in the US?

Prof Ferguson attacks “left-leaning Brits” for being supposedly wrong about Thatcher. But as I recall, Thatcher’s foes predicted that her policies would decimate the middle class. They have been vindicated.

A great deal of the economic prosperity of the Thatcher years was really more because of the North Sea oil bonanza, rather than the Iron Lady’s policies.

Outside of the US, few nations have ever embraced Thatcher’s slash-and-burn methods. In continental Europe today, for example, few people want anything to do with “Anglo-American” capitalism. The same is true of much of today’s Latin America.

As far as Thatcher’s crushing of the unions and deregulating the economy, I would challenge Prof Ferguson as to whether even this was necessarily a good thing.

Germany, for example, still has some of the most powerful unions in the world, as well as a heavily regulated economy. And yet Germany today still has a strong middle class and a world-beating high-technology manufacturing base. Germany is one of the world’s leading capital surplus nations, while Britain runs massive current account deficits. And yet Germany accomplished its enviable economic success by rejecting the Thatcher/Reagan economic model.

Marc McDonald, Fort Worth, TX, US

%d bloggers like this: