Monthly Archives: December 2013

Oligarchs, Demagogues and Mass Revolts . . . Against Democracy

December 28th, 2013

James Petras


In ancient Rome, especially during the late Republic, oligarchs resorted to mob violence to block, intimidate, assassinate or drive from power the dominant faction in the Senate.  While neither the ruling or opposing factions represented the interests of the plebeians, wage workers, small farmers or slaves, the use of the ‘mob’ against the elected Senate, the principle of representative government and the republican form of government laid the groundwork for the rise of authoritarian “Caesars” (military rulers) and the transformation of the Roman republic into an imperial state.


            Demagogues, in the pay of aspiring emperors, aroused the passions of a motley array of disaffected slum dwellers, loafers and petty thieves (ladrones) with promises, pay-offs and positions in a New Order.  Professional mob organizers cultivated their ties with the oligarchs ‘above’ and with professional demonstrators ‘below’.  They voiced ‘popular grievances’ and articulated demands questioning the legitimacy of the incumbent rulers, while laying the groundwork for the rule by the few.  Usually, when the pay-master oligarchs came to power on a wave of demagogue-led mob violence, they quickly suppressed the demonstrations, paid off the demagogues with patronage jobs in the new regime or resorted to a discrete assassination for ‘street leaders’ unwilling to recognize the new order’.  The new rulers purged the old Senators into exile, expulsion and dispossession, rigged new elections and proclaimed themselves ‘saviors of the republic’.  They proceeded to drive peasants from their land, renounce social obligations and stop food subsidies for poor urban families and funds for public works.

            The use of mob violence and “mass revolts” to serve the interests of oligarchical and imperial powers against democratically-elected governments has been a common strategy in recent times.

            Throughout the ages, the choreographed “mass revolt” played many roles:  (1) It served to destabilize an electoral regime; (2) it provided a platform for its oligarch funders to depose an incumbent regime; (3) it disguised the fact that the oligarchic opposition had lost democratic elections; (4) it provided a political minority with a ‘fig-leaf of legitimacy’ when it was otherwise incapable of acting within a constitutional framework  and (5) it allowed for the illegitimate seizure of power in the name of a pseudo ‘majority’, namely  the “crowds in the central plaza”.

Some leftist commentators have argued two contradictory positions: One the one hand, some simply reduce the oligarchy’s power grab to an ‘inter-elite struggle’ which has nothing to do with the ‘interests of the working class’, while others maintain the ‘masses’ in the street are protesting against an “elitist regime”.  A few even argue that with popular, democratic demands, these revolts are progressive, should be supported as “terrain for class struggle”.  In other words, the ‘left’ should join the uprising and contest the oligarchs for leadership within the stage-managed revolts!

            What progressives are unwilling to recognize is that the oligarchs orchestrating the mass revolt are authoritarians who completely reject democratic procedures and electoral processes. Their aim is to establish a ‘junta’, which will eliminate all democratic political and social institutions and freedoms and impose harsher, more repressive and regressive policies and institutions than those they replace.  Some leftists support the ‘masses in revolt’ simply because of their ‘militancy’, their numbers and street courage, without examining the underlying leaders, their interests and links to the elite beneficiaries of a ‘regime change’. 

All the color-coded “mass revolts” in Eastern Europe and the ex-USSR featured popular leaders who exhorted the masses in the name of ‘independence and democracy’ but were pro-NATO, pro-(Western) imperialists and linked to neo-liberal elites.  Upon the fall of communism, the new oligarchs privatized and sold off the most lucrative sectors of the economy throwing millions out of work, dismantled the welfare state and handed over their military bases to NATO for the stationing of foreign troops and the placement of missiles aimed at Russia.

            The entire ‘anti-Stalinist’ left in the US and Western Europe, with a few notable exceptions, celebrated these oligarch-controlled revolts in Eastern Europe and some even participated as minor accomplices in the post-revolt neo-liberal regimes.  One clear reason for the demise of “Western Marxism” arose from its inability to distinguish a genuine popular democratic revolt from a mass uprising funded and stage-managed by rival oligarchs!

            One of the clearest recent example of a manipulated ‘people’s power’ revolution in the streets to replace an elected representative of  one sector of the elite with an even more brutal, authoritarian ‘president’ occurred in early 2001 in the Philippines.   The more popular and independent (but notoriously corrupt) President Joseph Estrada, who had challenged sectors of the Philippine elite and current US foreign policy (infuriating Washington by embracing Venezuela’s Hugo Chavez), was replaced through street demonstrations of middle-class matrons with soldiers in civvies by Gloria Makapagal-Arroyo.  Mrs. Makapagal-Arroyo, who had close links to the US and the Philippine military, unleashed a horrific wave of brutality dubbed the ‘death-squad democracy’.  The overthrow of Estrada was actively supported by the left, including sectors of the revolutionary left, who quickly found themselves the target of an unprecedented campaign of assassinations, disappearances, torture and imprisonment by their newly empowered ‘Madame President’.

Past and Present Mass Revolts Against Democracy:  Guatemala, Iran and Chile

            The use of mobs and mass uprisings by oligarchs and empire builders has a long and notorious history.  Three of the bloodiest cases, which scarred their societies for decades, took place in Guatemala in 1954, Iran in 1953 and Chile in 1973.

            Democratically-elected Jacobo Árbenz was the first Guatemalan President to initiate agrarian reform and legalize trade unions, especially among landless farm workers.  Árbenz’s reforms included the expropriation of unused, fallow land owned by the United Fruit Company, a giant US agro-business conglomerate.  The CIA used its ties to local oligarchs and right-wing generals and colonels to instigate and finance mass-protests against a phony ‘communist-takeover’ of Guatemala under President Arbenz.  The military used the manipulated mob violence and the ‘threat’ of Guatemala becoming a “Soviet satellite”, to stage a bloody coup.  The coup leaders received air support from the CIA and slaughtered thousands of Arbenz supporters and turned the countryside into ‘killing fields’.   For the next 50 years political parties, trade unions and peasant organizations were banned, an estimated 200,000 Guatemalans were murdered and millions were displaced.

            In 1952 Mohammed Mossadegh was elected president of Iran on a moderate nationalist platform, after the overthrow of the brutal monarch.  Mossadegh announced the nationalization of the petroleum industry.  The CIA, with the collaboration of the local oligarchs, monarchists and demagogues organized ‘anti-communist’ street mobs to stage violent demonstrations providing the pretext for a monarchist- military coup.  The CIA-control Iranian generals brought ‘Shah Reza Pahlavi back from Switzerland and for the next 26 years Iran was a monarchist-military dictatorship, whose population was terrorized by the Savak, the murderous secret police.

            The US oil companies received the richest oil concessions; the Shah joined Israel and the US in an unholy alliance against progressive nationalist dissidents and worked hand-in-hand to undermine independent Arab states.  Tens of thousands of Iranians were killed, tortured and driven into exile.  In 1979, a mass popular uprising led by Islamic movements, nationalist and socialist parties and trade unions drove out the Shah-Savak dictatorship.  The Islamists installed a radical nationalist clerical regime, which retains power to this day despite decades of a US-CIA-funded destabilization campaign which has funded both terrorist groups and dissident liberal movements.

            Chile is the best-known case of CIA-financed mob violence leading to a military coup.  In 1970, the democratic socialist Dr. Salvador Allende was elected president of Chile.  Despite CIA efforts to buy votes to block Congressional approval of the electoral results and its manipulation of violent demonstrations and an assassination campaign to precipitate a military coup, Allende took office.

            During Allende’s tenure as president the CIA financed a variety of “direct actions” –from paying the corrupt leaders of a copper workers union to stage strikes and the truck owners associations to refuse to transport goods to the cities, to manipulating right-wing terrorist groups like the Patria y Libertad (Fatherland and Liberty) in their assassination campaigns.  The CIA’s destabilization program was specifically designed to provoke economic instability through artificial shortages and rationing, in order to incite middle class discontent. This was made notorious by the street demonstrations of pot-banging housewives.  The CIA sought to incite a military coup through economic chaos.  Thousands of truck owners were paid not to drive their trucks leading to shortages in the cities, while right-wing terrorists blew up power stations plunging neighborhoods into darkness and shop owners who refused to join the ‘strike’ against Allende were vandalized.  On September 11, 1973, to the chants of ‘Jakarta’ (in celebration of a 1964 CIA coup in Indonesia), a junta of US-backed Chilean generals grabbed power from an elected government.  Tens of thousands of activists and government supporters were arrested, killed, tortured and forced into exile.  The dictatorship denationalized and privatized its mining, banking and manufacturing sectors, following the free market dictates of Milton Friedman-trained economists (the so-call “Chicago Boys”).  The dictatorship overturned 40 years of welfare, labor and land-reform legislation which had made Chile the most socially advanced country in Latin America.  With the generals in power, Chile became the ‘neo-liberal model’ for Latin America.  Mob violence and the so-called “middle class revolt”, led to the consolidation of oligarchic and imperial rule and a17 year reign of terror under General Augusto Pinochet dictatorship.  The whole society was brutalized and with the return of electoral politics, even former ‘leftist’ parties retained the dictatorship’s neo-liberal economic policies, its authoritarian constitution and the military high command.  The ‘revolt of the middle class’ in Chile resulted in the greatest concentration of wealth in the hands of the oligarchs in Latin America to this day!

The Contemporary Use and Abuse of “Mass Revolts””  Egypt, Ukraine, Venezuela , Thailand and Argentina

            In recent years “mass revolt” has become the instrument of choice when oligarchs, generals and other empire builders seeking ‘regime change’.  By enlisting an assortment of nationalist demagogues and imperial-funded NGO ‘leaders’, they set the conditions for the overthrow of democratically elected governments and stage-managed the installment of their own “free market” regimes with dubious “democratic” credentials.

            Not all the elected regimes under siege are progressive.  Many ‘democracies’, like the Ukraine, are ruled by one set of oligarchs.  In Ukraine, the elite supporting President Viktor Yanukovich,   decided that entering into a deep client-state relationship with the European Union was not in their interests, and sought to diversify their international trade partners while maintaining lucrative ties with Russia.  Their opponents, who are currently behind the street demonstrations in Kiev, advocate a client relationship with the EU, stationing of NATO troops and cutting ties with Russia.   In Thailand, the democratically-elected Prime Minister, Yingluck Shinawatra, represents a section of the economic elite with ties and support in the rural areas, especially the North-East, as well as deep trade relations with China.  The opponents are urban-based, closer to the military-monarchists and favor a straight neo-liberal agenda linked to the US against the rural patronage-populist agenda of Ms. Shinawatra.

            Egypt’s democratically-elected Mohamed Morsi government pursued a moderate Islamist policy with some constraints on the military and a loosening of ties with Israel in support of the Palestinians in Gaza.  In terms of the IMF, Morsi sought compromise.  The Morsi regime was in flux when it was overthrown: not Islamist nor secular, not pro-worker but also not pro-military.  Despite all of its different pressure groups and contradictions, the Morsi regime permitted labor strikes, demonstrations, opposition parties, freedom of the press and assembly.  All of these democratic freedoms have disappeared after waves of  ‘mass street revolts’, choreographed by the military, set the conditions for the generals to take power and establish their brutal dictatorship – jailing and torturing tens of thousands and outlawing all opposition parties.

           Mass demonstrations and demagogue-led direct actions also actively target democratically elected progressive governments, like Venezuela and Argentina, in addition to the actions against conservative democracies cited above.  Venezuela, under Presidents Hugo Chavez and Vicente Maduro advance an anti-imperialist, pro-socialist program.  ‘Mob revolts’ are combined with waves of assassinations, sabotage of public utilities, artificial shortages of essential commodities, vicious media slander and opposition election campaigns funded from the outside.  In 2002, Washington teamed up with its collaborator politicians, Miami and Caracas-based oligarchs and local armed gangs ,to mount a “protest movement” as the pretext for a planned business-military coup.  The generals and members of the elite seized power and deposed and arrested the democratically-elected President Chavez.   All avenues of democratic expression and representation were closed and the constitution annulled.  In response to the kidnapping of ‘their president’, over a million Venezuelans spontaneously mobilized and marched upon the Presidential palace to demand the restoration of democracy and Hugo Chavez to the presidency.  Backed by the large pro-democracy and pro-constitution sectors of the Venezuelan armed forces, the mass protests led to the coup’s defeat and the return of Chavez and democracy.  All democratic governments facing manipulated imperial-oligarchic financed mob revolts should study the example of Venezuela’s defeat of the US-oligarch-generals’ coup.  The best defense for democracy is found in the organization, mobilization and political education of the electoral majority.  It is not enough to participate in free elections; an educated and politicized majority must also know how to defend their democracy in the streets as well as at the ballot box.

            The lessons of the 2002 coup-debacle were very slowly absorbed by the Venezuelan oligarchy and their US patrons who continued to destabilize the economy in an attempt to undermine democracy and seize power.  Between December 2002 and February 2003, corrupt senior oil executives of the nominally ‘public’ oil company PDVSA (Petróleos de Venezuela) organized a ‘bosses’ lockout stopping production, export and local distribution of oil and refined petroleum produces.  Corrupt trade union officials, linked to the US National Endowment for Democracy, mobilized oil workers and other employees to support the lock-out, in their attempt to paralyze the economy.  The government responded by mobilizing the other half of the oil workers who, together with a significant minority of middle management, engineers and technologists, called on the entire Venezuelan working class to take the oil fields and installations from the ‘bosses’.  To counter the acute shortage of gasoline, President Chavez secured supplies from neighboring countries and overseas allies.  The lockout was defeated.  Several thousand supporters of the executive power grab were fired and replaced by pro-democracy managers and workers.

            Having failed to overthrow the democratic government via “mass revolts”, the oligarchs turned toward a plebiscite on Chavez rule and later called for a nation-wide electoral boycott, both of which were defeated.   These defeats served to strengthen Venezuela’s democratic institutions and decreased the presence of opposition legislators in the Congress.  The repeated failures of the elite to grab power led to a new multi-pronged strategy using:  (1) US-funded NGO’s to exploit local grievances and mobilize  residents around community issues; (2) clandestine thugs to sabotage  utilities, especially power, assassinate peasant recipients of land reform titles, as well as prominent officials and activists; (3) mass electoral campaign marches and (4) economic destabilization via financial speculation, illegal foreign exchange trading , price gouging and hoarding of basic consumer commodities.  The purpose of these measures is to incite mass discontent, using their control of the mass media to provoke another ‘mass revolt’ to set the stage for another US-backed ‘power grab’.  Violent street protests by middle class students from the elite Central University were organized by oligarch-financed demagogues.  ‘Demonstrations’ included sectors of the middle class and urban poor angered by the artificial shortages and power outages.  The sources of popular discontent were rapidly and effectively addressed at the top by energetic government measures:  Business owners engaged in hoarding and price gouging were jailed; prices of essential staples were reduced; hoarded goods were seized from warehouses and distributed to the poor; the import of essential goods were increased and saboteurs were pursued.  The Government’s effective intervention resonated with the mass of the working class, the lower-middle class and the rural and urban poor and restored their support.  Government supporters took to the streets and lined up at the ballot box to defeat the campaign of destabilization.  The government won a resounding electoral mandate allowing it to move decisively against the oligarchs and their backers in Washington.

            The Venezuelan experience shows how energetic government counter-measures can restore support and deepen progressive social changes for the majority.  This is because forceful progressive government intervention against anti-democratic oligarchs, combined with the organization, political education and mobilization of the majority of voters can decisively defeat these stage-managed mass revolts.

           Argentina is an example of a weakened democratic regime trying to straddle the fence between the oligarchs and the workers, between the combined force of the agro-business and mining elites and working and middle class constituencies dependent on social policies.  The elected-Kirchner-Fernandez government has faced “mass revolts” in the a series of street demonstrations whipped up by conservative agricultural exporters over taxes; the Buenos Aires upper-middle class angered at ‘crime, disorder and insecurity’,  a nationwide strike by police officials over ‘salaries’ who ‘looked the other way’ while gangs of ‘lumpen’ street thugs pillaged and destroyed stores.  Taken altogether, these waves of mob action in Argentina appear to be part of a politically-directed destabilization campaign by the authoritarian Right who have instigated or, at least, exploited these events.  Apart from calling on the military to restore order and conceding to the ‘salary’ demands of the striking police, the Fernandez government has been unable or unwilling to mobilize the democratic electorate in defense of democracy.  The democratic regime remains in power but it is under siege and vulnerable to attack by domestic and imperial opponents.


            Mass revolts are two-edged swords:  They can be a positive force when they occur against military dictatorships like Pinochet or Mubarak, against authoritarian absolutist monarchies like Saudi Arabia, a colonial-racist state like Israel, and imperial occupations like against the US in Afghanistan.  But they have to be directed and controlled by popular local leaders seeking to restore democratic majority rule.

            History, from ancient times to the present, teaches us that not all ‘mass revolts’ achieve, or are even motivated by, democratic objectives.  Many have served oligarchs seeking to overthrow democratic governments, totalitarian leaders seeking to install fascist and pro-imperial regimes, demagogues and authoritarians seeking to weaken shaky democratic regimes and militarists seeking to start wars for imperial ambitions.

            Today, “mass revolts” against democracy have become standard operational procedure for Western European and US rulers who seek to circumvent democratic procedures and install pro-imperial clients.  The practice of democracy is denigrated while the mob is extolled in the imperial Western media.  This is why armed Islamist terrorists and mercenaries are called “rebels” in Syria and the mobs in the streets of Kiev (Ukraine) attempting to forcibly depose a democratically-elected government are labeled “pro-Western democrats”. 

The ideology informing  the “mass revolts” varies from “anti-communist” and “anti-authoritarian” in democratic Venezuela, to “pro-democracy” in Libya (even as tribal bands and mercenaries slaughter whole communities), Egypt and the Ukraine. 

            Imperial strategists have systematized, codified and made operational “mass revolts” in favor of oligarchic rule.  International experts, consultants, demagogues and NGO officials have carved out lucrative careers as they travel to ‘hot spots’ and organize ‘mass revolts’ dragging the target countries into deeper ‘colonization’ via European or US-centered ‘integration’.  Most local leaders and demagogues accept the double agenda: ‘protest today and submit to new masters tomorrow’.  The masses in the street are fooled and then sacrificed.  They believe in a ‘New Dawn’ of Western consumerism, higher paid jobs and greater personal freedom . . . only to be disillusioned when their new rulers fill the jails with opponents and many former protestors, raise prices, cut salaries, privatize state companies, sell off the most lucrative firms to foreigners and double the unemployment rate.

            When the oligarchs ‘stage-manage’ mass revolts and takeover the regime, the big losers include the democratic electorate and most of the protestors.  Leftists and progressives, in the West or in exile, who had mindlessly supported the ‘mass revolts’ will publish their scholarly essays on ‘the revolution (sic) betrayed” without admitting to their own betrayal of democratic principles. 

If and when  the Ukraine enters into the European Union, the exuberant street demonstrators will join the millions of jobless workers in Greece, Portugal and Spain, as well as millions of pensioners brutalized by “austerity programs” imposed by their new rulers, the ‘Troika’ in Brussels.  If these former demonstrators take to the streets once more, in disillusionment at their leaders’ “betrayal”, they can enjoy their ‘victory’ under the batons of “NATO and European Union-trained police” while the Western mass media will have moved elsewhere in support of ‘democracy’.


James Petras is a Bartle Professor (Emeritus) of Sociology at Binghamton University, New York. He is the author of 64 books published in 29 languages, and over 560 articles in professional journals, including the American Sociological Review, British Journal of Sociology, Social Research, Journal of Contemporary Asia, and Journal of Peasant Studies. He has published over 2000 articles in nonprofessional journals such as the New York Times, the Guardian, the Nation, Christian Science Monitor, Foreign Policy, New Left Review, Partisan Review, Temps Moderne, Le Monde Diplomatique, and his commentary is widely carried on the internet. His most recent books are: The Arab Revolt and the Imperialist Counterattack (Clarity Press 2012) 2nd edition, The Power of Israel in the United States and Rulers and Ruled in the US Empire: Bankers, Zionists and Militants, (acquired for Japanese, German, Italian, Indonesian, Czech and Arabic editions), Zionism, Militarism and the Decline of US Power, Global Depression and Regional Wars: The United States, Latin America and the Middle East, and War Crimes in Gaza and the Zionist Fifth Column in America. He has a long history of commitment to social justice, working in particular with the Brazilian Landless Workers Movement for 11 years. In 1973-76 he was a member of the Bertrand Russell Tribunal on Repression in Latin America. He writes a monthly column for the Mexican newspaper, Le Jornada, and previously, for the Spanish daily, El Mundo. He received his B.A. from Boston University and Ph.D. from the University of California at Berkeley.



Just to give you a little idea how we are awakening some fortunate souls around the globe in addition to all of our country men who are the audience reading this tiny little blog of ours,  ”  ” . The idea is to spread the word, wake up as many people as possible. Looks to me like we are doing something, that is why I would like all of you to start adding your little comments onto the articles. Just click on “Leave a Reply” after any article and use any name you like for us to call you by. You can even attach your own avatar if you like. Link to site at the bottom also.
 Total views as of 10:00 pm EST tonight are “200,732″  I’m sure somebody is awakening, so help me out folks.
 Top Views by Country, for all days less than half of the life of this site and the list is growing all the time. 
No posts viewed.
Country Views
United States FlagUnited States 10,167
Thailand FlagThailand 291
Canada FlagCanada 142
Slovenia FlagSlovenia 61
Uruguay FlagUruguay 49
United Kingdom FlagUnited Kingdom 45
Indonesia FlagIndonesia 44
Germany FlagGermany 42
Poland FlagPoland 25
Brazil FlagBrazil 25
Australia FlagAustralia 24
Russian Federation FlagRussian Federation 23
Taiwan, Province of China FlagTaiwan 22
Chile FlagChile 13
Korea, Republic of FlagRepublic of Korea 12
Netherlands FlagNetherlands 11
Sweden FlagSweden 11
India FlagIndia 11
Saudi Arabia FlagSaudi Arabia 11
Puerto Rico FlagPuerto Rico 10
Nigeria FlagNigeria 9
Philippines FlagPhilippines 8
Switzerland FlagSwitzerland 8
Hong Kong FlagHong Kong 7
Bangladesh FlagBangladesh 7
Finland FlagFinland 7
Malaysia FlagMalaysia 7
South Africa FlagSouth Africa 7
Colombia FlagColombia 6
Ukraine FlagUkraine 6
Ecuador FlagEcuador 5
Hungary FlagHungary 5
Italy FlagItaly 5
New Zealand FlagNew Zealand 5
Belgium FlagBelgium 5
Japan FlagJapan 5
Portugal FlagPortugal 4
Argentina FlagArgentina 4
Israel FlagIsrael 4
Serbia FlagSerbia 3
Venezuela FlagVenezuela 3
France FlagFrance 3
Panama FlagPanama 3
Spain FlagSpain 3
Iraq FlagIraq 3
Czech Republic FlagCzech Republic 3
Kuwait FlagKuwait 3
Zimbabwe FlagZimbabwe 2
Slovakia FlagSlovakia 2
Moldova, Republic of FlagMoldova 2
Romania FlagRomania 2
Syrian Arab Republic FlagSyrian Arab Republic 2
Pakistan FlagPakistan 2
Malta FlagMalta 2
Costa Rica FlagCosta Rica 2
Benin FlagBenin 1
Kenya FlagKenya 1
Palestinian Territory, Occupied FlagPalestinian Territory, Occupied 1
Seychelles FlagSeychelles 1
Tanzania, United Republic of FlagUnited Republic of Tanzania 1
Ireland FlagIreland 1
Latvia FlagLatvia 1
United Arab Emirates FlagUnited Arab Emirates 1
Singapore FlagSingapore 1
Georgia FlagGeorgia 1
Cambodia FlagCambodia 1
Fiji FlagFiji 1
Sri Lanka FlagSri Lanka 1
Barbados FlagBarbados 1
Austria FlagAustria 1
Jordan FlagJordan 1
Afghanistan FlagAfghanistan 1
Namibia FlagNamibia 1
Denmark FlagDenmark 1
Click here to visit:

Update from Attorney Al Hodges, regarding CMKX, The WGS, GCR, etc:


Source at the bottom:


Hodges and Associates – 12/25/13 “THE IMPOSSIBLE DREAM”


To dream … the impossible dream … To fight … the unbeatable foe … To bear … with unbearable sorrow … To run … where the brave dare not go … To right … the unrightable wrong … To love … pure and chaste from afar … To try … when your arms are too weary … To reach … the unreachable star … This is my quest, to follow that star … No matter how hopeless, no matter how far … To fight for the right, without question or pause … To be willing to march into Hell, for a Heavenly cause …

That is the real reason I became counsel for seven brave travelers of similar mind and spirit some five plus years ago. I was frustrated by all the B.S. continually being fed to the CMKM Diamonds Inc. shareholders, I was confused by the fact that no one appeared to ‘be in charge,’ and I was perplexed by so many years having already passed since I had been told by the “founders” that “…. it will all be history within no more than a year.” I was simply overcome with a compulsion to get to the bottom of what was taking place with my not insubstantial investment in this public company, CMKX. Accordingly, because I then enjoyed the luxury of time and resources, I dove in head first and was soon consumed on a full time basis with pursuing the answer to my quest; I can assure you all that it seemed at that point to be an impossible dream.

I did not begin this quest out of a sense of arrogance, power madness, or other such motive; I began this quest because of the vacuum that existed. After some reflection I began to appreciate that I might be the only substantial shareholder with the proper mix of professional skill, investigative skill, intellectual impetus and stimulus, and where-with-all to pursue it. I do not intend to recite here the efforts and travails of the intervening years; some have already been published – the rest will have to await another time.

What I do wish to discuss in this message is some of the reasons for the extremely protracted delay in achieving resolution. In that regard, please understand that circumstance still constrains what I can relate and what must remain, at least for the moment, hidden. To repeat myself again, “…I have previously stated, we have confronted, with added pressure from the ‘lien-holders,’ the vilest, most contemptible, well financed forces for evil on the planet – and we have won!” As I have previously stated, some many months later, that must seem to have been an idle boast. However, it does reflect the mighty struggle that has been raging in the shadows.

The essence of the delay relates directly to the relatively small role CMKX has played in this developing correction. I use those words specifically, and intentionally, to convey what this has been all about. It has not only been about Wall Street, or financial corruption, or fiat currency, or political corruption, or concentration of all the world’s resources in the hands of a few such that the rest of the population become slaves, or the allowance by the American public of having their Constitutional Republic craftily usurped and replaced with a Corporation, or any combination of such ‘horribles;’ it has rather been about all of these things and more. It has been about the US of A and every other civilization on this planet; it has been about returning the US of A to its rightful intended form of government; it has been about crafting a successful and transparent global financial system based on real values; it has been about agreeing with all of our neighbors to a system of trade balance such that the playing field is equally available to all and represents fairness to each; it has been about allowing the world’s resources, both natural and financial to be equitably allocated among all civilized nations; and, it has been about preparing the world for the future.

You’ve heard me state repeatedly that we’ve won; in the face of that you wonder all these many months later why I would lie to you and/or misrepresent the state of affairs. Indeed, I would not do so under any circumstance of which I can conceive, so, let me be perfectly clear: we won the battle over CMKX and our right to be compensated for those wrongs perpetrated against us . I did not mean to suggest when making that statement that the battle was over – if some were left with that impression, I apologize for the inadequacy of my expression. I tried repeatedly to make clear that the battle raged on, and would so continue, until such time as we had received ER. ER was then defined on multiple occasions as receipt by another of my clients of the BASEL approved funds due to be paid to him for the express purpose of conducting the US Dollar Refunding Project, a part of the World Global Settlements (WGS), as is the Global Currency Reset (GCR).

As I have set forth in essentially every legal document and every CMKX Update, achieving ER was a sina qua non to the CMKX shareholders being paid; the reason is a simple one – THAT’S THE WAY THE ENTIRE GAME PLAN WAS STRUCTURED. The fact that the game plan was set up that way became a great stimulus to me to get involved with the WGS and GCR; it simply became the only means available to ‘hurry up’ the CMKX pay-out. No one insisted I become involved and no one has paid me to be involved; however, I have picked up several new clients along the road, and I hope to assist them in their socially responsible efforts after these WGS/GCR programs become realized.

I tried originally to focus the attention of the shareholders on receipt of ER because I had received advice that such receipt would not only be public, but in fact would be the last item completed on the G-20 approved BASEL List of items to be accomplished necessary to support the World Global Settlements and the Global Currency Reset. Accordingly, I concluded, based upon all the information I had discovered, that the CMKX ‘packages’ would be delivered right after the receipt of ER, mostly as a result of the mandate that CMKX moneys be paid out in asset-backed currency. However, the miscreants came to the very same conclusion and have focused intensely on preventing Economic Receipt by any and all means possible.

Their efforts have involved literally every means possible; if you can conceive of it, it is a method/approach the cabal has taken advantage of and utilized. To counteract such behavior, the “sting” approach has been utilized frequently and repeatedly by the ‘good guys.’ The most recent example of this concerns the expected RV of the Iraqi Dinar [IQD] currency, part of the Global Currency Reset. Because of their high exalted status, many Congressional seat holders and other D.C. ‘bigwigs’ were originally allowed to convert their IQD holdings to Bank SKR’s, or Safe Keeping Receipts; these were originally done at various rates of expected exchange value which was in most cases substantially below the rumored $32.00 rate. These same people were recently [w/i the last six weeks] given the opportunity to convert these SKR’s to GFR’s, or Guaranteed Fund Receipts; at that same time they were generally provided approximately 10% of the GFR value in cash equivalents with the express promise that said cash would not be utilized to purchase more IQD. We are currently advised that many thousands violated such proscription almost immediately. Some of these people will be resigning their offices and some others will undoubtedly be prosecuted. Use of these continuing “sting” operations has helped to weed out those who continue to support the cabal and accede to their instructions; most of the other ‘miscreants’ have been arrested one or more times [Timothy Geithner for example has been arrested more than four times] and currently face prosecution in the near future.

The cabal is finished! Most of the high-level and medium-level people, both in and out of government, have by now either been “stung” or arrested, and now face some combination of disgrace, loss of financial advantage, loss of position of power, loss of official office, and/or near term prosecution. In my opinion, having closely monitored the events as they occurred, we have reached the position of imminent conclusion. Although it is very difficult to appreciate the length of time this has taken, I can now accept that the acts involved were necessary to accomplish the goals sought. As a result of this opinion and now having a fuller understanding of both the goals, and the accomplishments to date, I will once again stick my neck out to advise you all that your journey is all but over.

It is my opinion, based not only on what I am told each day by those at the top of the new powers that be, but more importantly on the status of the imminent Global Currency Reset. Its status is important because it cannot become a public fait accompli without the US Treasury becoming a hard-metal asset backed issuer of US currency. Accordingly, when you publicly see the Global Currency Reset you will know that we have an asset backed currency, and you will know that we have received ER. Every indication from every credible source is that the Reset will become public today, tomorrow, the next day, or certainly by January 1, 2014.

I cannot guarantee this of course, but it does represent my best opinion based on all available information. I can absolutely assure you that the wonder of what you are so soon to experience – REALITY – will mightily blow away any doubt, disbelief, bitter humor, or unhappy memories that recent experiences have encouraged and supported. As I have said in the past, “you will be paid a great deal more than any have the right to expect [based on the amount of [your] investment]. In addition, you will receive a payment for the unconscionable length of payment delay.”

Sincerely. Al Hodges

Ps. Let me take this opportunity to wish each and every one of you a very Merry Christmas, Happy New Year and Joyous Holiday Season.


There you have it, folks.

One thing we can see is that the $32 rate for the dinar was not true outside of a sting environment as Mr Hodges confirmed  in this report. How incredible it was set up as a sting operation for insiders to “cash in” only to pay the price for further corruptions after the fact!

We are most happy that Mr Hodges feels the issue is just about concluded. His wishes are our wishes as well. Now, we just have to remain patient a little longer and let these honorable men conclude their work.

We wish to thank Mr. Hodges and all the White Hats for their continuing work and sacrifice on behalf of all nations that we can share the earths resources in equality and abundance so that all peoples may live to a higher standard free from the corruptions that have diminished our culture.

To our readers: Thank you for supporting our modest blog which was set up to answer the call of the White Hats that we participate and help spread the word. We look forward to the day when we can take this blog down and call it “mission accomplished!”.

Merry Christmas and a very Happy New Year to you all!


The White Hats Auxiliary

On The 100th Anniversary Of The Federal Reserve Here Are 100 Reasons To Shut It Down Forever

Submitted by Michael Snyder of The Economic Collapse blog,

December 23rd, 1913 is a date which will live in infamy.  That was the day when the Federal Reserve Act was pushed through Congress.  Many members of Congress were absent that day, and the general public was distracted with holiday preparations.  Now we have reached the 100th anniversary of the Federal Reserve, and most Americans still don’t know what it actually is or how it functions.  But understanding the Federal Reserve is absolutely critical, because the Fed is at the very heart of our economic problems.  Since the Federal Reserve was created, there have been 18 recessions or depressions, the value of the U.S. dollar has declined by 98 percent, and the U.S. national debt has gotten more than 5000 times larger.  This insidious debt-based financial system has literally made debt slaves out of all of us, and it is systematically destroying the bright future that our children and our grandchildren were supposed to have.  If nothing is done, we are inevitably heading for a massive amount of economic pain as a nation.  So please share this article with as many people as you can.  The following are 100 reasons why the Federal Reserve should be shut down forever…

#1 We like to think that we have a government “of the people, by the people, for the people”, but the truth is that an unelected, unaccountable group of central planners has far more power over our economy than anyone else in our society does.

#2 The Federal Reserve is actually “independent” of the government.  In fact, the Federal Reserve has argued vehemently in federal court that it is “not an agency” of the federal government and therefore not subject to the Freedom of Information Act.

#3 The Federal Reserve openly admits that the 12 regional Federal Reserve banks are organized “much like private corporations“.

#4 The regional Federal Reserve banks issue shares of stock to the “member banks” that own them.

#5 100% of the shareholders of the Federal Reserve are private banks.  The U.S. government owns zero shares.

#6 The Federal Reserve is not an agency of the federal government, but it has been given power to regulate our banks and financial institutions.  This should not be happening.

#7 According to Article I, Section 8 of the U.S. Constitution, the U.S. Congress is the one that is supposed to have the authority to “coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures”.  So why is the Federal Reserve doing it?

#8 If you look at a “U.S. dollar”, it actually says “Federal Reserve note” at the top.  In the financial world, a “note” is an instrument of debt.

#9 In 1963, President John F. Kennedy issued Executive Order 11110 which authorized the U.S. Treasury to issue “United States notes” which were created by the U.S. government directly and not by the Federal Reserve.  He was assassinated shortly thereafter.

#10 Many of the debt-free United States notes issued under President Kennedy are still in circulation today.

#11 The Federal Reserve determines what levels some of the most important interest rates in our system are going to be set at.  In a free market system, the free market would determine those interest rates.

#12 The Federal Reserve has become so powerful that it is now known as “the fourth branch of government“.

#13 The greatest period of economic growth in U.S. history was when there was no central bank.

#14 The Federal Reserve was designed to be a perpetual debt machine.  The bankers that designed it intended to trap the U.S. government in a perpetual debt spiral from which it could never possibly escape.  Since the Federal Reserve was established 100 years ago, the U.S. national debt has gotten more than 5000 times larger.

#15 A permanent federal income tax was established the exact same year that the Federal Reserve was created.  This was not a coincidence.  In order to pay for all of the government debt that the Federal Reserve would create, a federal income tax was necessary.  The whole idea was to transfer wealth from our pockets to the federal government and from the federal government to the bankers.

#16 The period prior to 1913 (when there was no income tax) was the greatest period of economic growth in U.S. history.

#17 Today, the U.S. tax code is about 13 miles long.

#18 From the time that the Federal Reserve was created until now, the U.S. dollar has lost 98 percent of its value.

#19 From the time that President Nixon took us off the gold standard until now, the U.S. dollar has lost 83 percent of its value.

#20 During the 100 years before the Federal Reserve was created, the U.S. economy rarely had any problems with inflation.  But since the Federal Reserve was established, the U.S. economy has experienced constant and never ending inflation.

#21 In the century before the Federal Reserve was created, the average annual rate of inflation was about half a percent.  In the century since the Federal Reserve was created, the average annual rate of inflation has been about 3.5 percent.

#22 The Federal Reserve has stripped the middle class of trillions of dollars of wealth through the hidden tax of inflation.

#23 The size of M1 has nearly doubled since 2008 thanks to the reckless money printing that the Federal Reserve has been doing.

#24 The Federal Reserve has been starting to behave like the Weimar Republic, and we all remember how that ended.

#25 The Federal Reserve has been consistently lying to us about the level of inflation in our economy.  If the inflation rate was still calculated the same way that it was back when Jimmy Carter was president, the official rate of inflation would be somewhere between 8 and 10 percent today.

#26 Since the Federal Reserve was created, there have been 18 distinct recessions or depressions: 1918, 1920, 1923, 1926, 1929, 1937, 1945, 1949, 1953, 1958, 1960, 1969, 1973, 1980, 1981, 1990, 2001, 2008.

#27 Within 20 years of the creation of the Federal Reserve, the U.S. economy was plunged into the Great Depression.

#28 The Federal Reserve created the conditions that caused the stock market crash of 1929, and even Ben Bernanke admits that the response by the Fed to that crisis made the Great Depression even worse than it should have been.

#29 The “easy money” policies of former Fed Chairman Alan Greenspan set the stage for the great financial crisis of 2008.

#30 Without the Federal Reserve, the “subprime mortgage meltdown” would probably never have happened.

#31 If you can believe it, there have been 10 different economic recessions since 1950.  The Federal Reserve created the “dotcom bubble”, the Federal Reserve created the “housing bubble” and now it has created the largest bond bubble in the history of the planet.

#32 According to an official government report, the Federal Reserve made 16.1 trillion dollars in secret loans to the big banks during the last financial crisis.  The following is a list of loan recipients that was taken directly from page 131 of the report…

Citigroup – $2.513 trillion Morgan Stanley – $2.041 trillion Merrill Lynch – $1.949 trillion Bank of America – $1.344 trillion Barclays PLC – $868 billion Bear Sterns – $853 billion Goldman Sachs – $814 billion Royal Bank of Scotland – $541 billion JP Morgan Chase – $391 billion Deutsche Bank – $354 billion UBS – $287 billion Credit Suisse – $262 billion Lehman Brothers – $183 billion Bank of Scotland – $181 billion BNP Paribas – $175 billion Wells Fargo – $159 billion Dexia – $159 billion Wachovia – $142 billion Dresdner Bank – $135 billion Societe Generale – $124 billion “All Other Borrowers” – $2.639 trillion

#33 The Federal Reserve also paid those big banks $659.4 million in “fees” to help “administer” those secret loans.

#34 During the last financial crisis, big European banks were allowed to borrow an “unlimited” amount of money from the Federal Reserve at ultra-low interest rates.

#35 The “easy money” policies of Federal Reserve Chairman Ben Bernanke have created the largest financial bubble this nation has ever seen, and this has set the stage for the great financial crisis that we are rapidly approaching.

#36 Since late 2008, the size of the Federal Reserve balance sheet has grown from less than a trillion dollars to more than 4 trillion dollars.  This is complete and utter insanity.

#37 During the quantitative easing era, the value of the financial securities that the Fed has accumulated is greater than the total amount of publicly held debt that the U.S. government accumulated from the presidency of George Washington through the end of the presidency of Bill Clinton.

#38 Overall, the Federal Reserve now holds more than 32 percent of all 10 year equivalents, and that percentage is rising by about 0.3 percent each week.

#39 Quantitative easing creates financial bubbles, and when quantitative easing ends those bubbles tend to deflate rapidly.

#40 Most of the new money created by quantitative easing has ended up in the hands of the very wealthy.

#41 According to a prominent Federal Reserve insider, quantitative easing has been one giant “subsidy” for Wall Street banks.

#42 As one CNBC article recently stated, we are seeing absolutely rampant inflation in “stocks and bonds and art and Ferraris“.

#43 Donald Trump once made the following statement about quantitative easing: “People like me will benefit from this.

#44 Most people have never heard about this, but a very interesting study conducted for the Bank of England shows that quantitative easing actually increases the gap between the wealthy and the poor.

#45 The gap between the top one percent and the rest of the country is now the greatest that it has been since the 1920s.

#46 The mainstream media has sold quantitative easing to the American public as an “economic stimulus program”, but the truth is that the percentage of Americans that have a job has actually gone down since quantitative easing first began.

#47 The Federal Reserve is supposed to be able to guide the nation toward “full employment”, but the reality of the matter is that an all-time record 102 million working age Americans do not have a job right now.  That number has risen by about 27 million since the year 2000.

#48 For years, the projections of economic growth by the Federal Reserve have consistently overstated the strength of the U.S. economy.  But every single time, the mainstream media continues to report that these numbers are “reliable” even though all they actually represent is wishful thinking.

#49 The Federal Reserve system fuels the growth of government, and the growth of government fuels the growth of the Federal Reserve system.  Since 1970, federal spending has grown nearly 12 times as rapidly as median household income has.

#50 The Federal Reserve is supposed to look out for the health of all U.S. banks, but the truth is that they only seem to be concerned about the big ones.  In 1985, there were more than 18,000 banks in the United States.  Today, there are only 6,891 left.

#51 The six largest banks in the United States (JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley) have collectively gotten 37 percent larger over the past five years.

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

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

#54 We were told that the purpose of quantitative easing is to help “stimulate the economy”, but today the Federal Reserve is actually paying the big banks not to lend out 1.8 trillion dollars in “excess reserves” that they have parked at the Fed.

#55 The Federal Reserve has allowed an absolutely gigantic derivatives bubble to inflate which could destroy our financial system at any moment.  Right now, four of the “too big to fail” banks each have total exposure to derivatives that is well in excess of 40 trillion dollars.

#56 The total exposure that Goldman Sachs has to derivatives contracts is more than 381 times greater than their total assets.

#57 Federal Reserve Chairman Ben Bernanke has a track record of failure that would make the Chicago Cubs look good.

#58 The secret November 1910 gathering at Jekyll Island, Georgia during which the plan for the Federal Reserve was hatched was attended by U.S. Senator Nelson W. Aldrich, Assistant Secretary of the Treasury Department A.P. Andrews and a whole host of representatives from the upper crust of the Wall Street banking establishment.

#59 The Federal Reserve was created by the big Wall Street banks and for the benefit of the big Wall Street banks.

#60 In 1913, Congress was promised that if the Federal Reserve Act was passed that it would eliminate the business cycle.

#61 There has never been a true comprehensive audit of the Federal Reserve since it was created back in 1913.

#62 The Federal Reserve system has been described as “the biggest Ponzi scheme in the history of the world“.

#63 The following comes directly from the Fed’s official mission statement: “To provide the nation with a safer, more flexible, and more stable monetary and financial system.”  Without a doubt, the Federal Reserve has failed in those tasks dramatically.

#64 The Fed decides what the target rate of inflation should be, what the target rate of unemployment should be and what the size of the money supply is going to be.  This is quite similar to the “central planning” that goes on in communist nations, but very few people in our government seem upset by this.

#65 A couple of years ago, Federal Reserve officials walked into one bank in Oklahoma and demanded that they take down all the Bible verses and all the Christmas buttons that the bank had been displaying.

#66 The Federal Reserve has taken some other very frightening steps in recent years.  For example, back in 2011 the Federal Reserve announced plans to identify “key bloggers” and to monitor “billions of conversations” about the Fed on Facebook, Twitter, forums and blogs.  Someone at the Fed will almost certainly end up reading this article.

#67 Thanks to this endless debt spiral that we are trapped in, a massive amount of money is transferred out of our pockets and into the pockets of the ultra-wealthy each year.  Incredibly, the U.S. government spent more than 415 billion dollars just on interest on the national debt in 2013.

#68 In September, the average rate of interest on the government’s marketable debt was 1.981 percent.  In January 2000, the average rate of interest on the government’s marketable debt was 6.620 percent.  If we got back to that level today, we would be paying more than a trillion dollars a year just in interest on the national debt and it would collapse our entire financial system.

#69 The American people are being killed by compound interest but most of them don’t even understand what it is.  Albert Einstein once made the following statement about compound interest…

Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.”

#70 Most Americans have absolutely no idea where money comes from.  The truth is that the Federal Reserve just creates it out of thin air.  The following is how I have previously described how money is normally created by the Fed in our system…

When the U.S. government decides that it wants to spend another billion dollars that it does not have, it does not print up a billion dollars.

Rather, the U.S. government creates a bunch of U.S. Treasury bonds (debt) and takes them over to the Federal Reserve.

The Federal Reserve creates a billion dollars out of thin air and exchanges them for the U.S. Treasury bonds.

#71 What does the Federal Reserve do with those U.S. Treasury bonds?  They end up getting auctioned off to the highest bidder.  But this entire process actually creates more debt than it does money…

The U.S. Treasury bonds that the Federal Reserve receives in exchange for the money it has created out of nothing are auctioned off through the Federal Reserve system.

But wait.

There is a problem.

Because the U.S. government must pay interest on the Treasury bonds, the amount of debt that has been created by this transaction is greater than the amount of money that has been created.

So where will the U.S. government get the money to pay that debt?

Well, the theory is that we can get money to circulate through the economy really, really fast and tax it at a high enough rate that the government will be able to collect enough taxes to pay the debt.

But that never actually happens, does it?

And the creators of the Federal Reserve understood this as well.  They understood that the U.S. government would not have enough money to both run the government and service the national debt.  They knew that the U.S. government would have to keep borrowing even more money in an attempt to keep up with the game.

#72 Of course the U.S. government could actually create money and spend it directly into the economy without the Federal Reserve being involved at all.  But then we wouldn’t be 17 trillion dollars in debt and that wouldn’t serve the interests of the bankers at all.

#73 The following is what Thomas Edison once had to say about our absolutely insane debt-based financial system…

That is to say, under the old way any time we wish to add to the national wealth we are compelled to add to the national debt.

Now, that is what Henry Ford wants to prevent. He thinks it is stupid, and so do I, that for the loan of $30,000,000 of their own money the people of the United States should be compelled to pay $66,000,000 — that is what it amounts to, with interest. People who will not turn a shovelful of dirt nor contribute a pound of material will collect more money from the United States than will the people who supply the material and do the work. That is the terrible thing about interest. In all our great bond issues the interest is always greater than the principal. All of the great public works cost more than twice the actual cost, on that account. Under the present system of doing business we simply add 120 to 150 per cent, to the stated cost.

But here is the point: If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good makes the bill good.

#74 The United States now has the largest national debt in the history of the world, and we are stealing more than 100 million dollars from our children and our grandchildren every single hour of every single day in a desperate attempt to keep the debt spiral going.

#75 Thomas Jefferson once stated that if he could add just one more amendment to the U.S. Constitution it would be a ban on all government borrowing….

I wish it were possible to obtain a single amendment to our Constitution. I would be willing to depend on that alone for the reduction of the administration of our government to the genuine principles of its Constitution; I mean an additional article, taking from the federal government the power of borrowing.

#76 At this moment, the U.S. national debt is sitting at $17,251,528,475,994.19.  If we had followed the advice of Thomas Jefferson, it would be sitting at zero.

#77 When the Federal Reserve was first established, the U.S. national debt was sitting at about 2.9 billion dollars.  On average, we have been adding more than that to the national debt every single day since Obama has been in the White House.

#78 We are on pace to accumulate more new debt under the 8 years of the Obama administration than we did under all of the other presidents in all of U.S. history combined.

#79 If all of the new debt that has been accumulated since John Boehner became Speaker of the House had been given directly to the American people instead, every household in America would have been able to buy a new truck.

#80 Between 2008 and 2012, U.S. government debt grew by 60.7 percent, but U.S. GDP only grew by a total of about 8.5 percent during that entire time period.

#81 Since 2007, the U.S. debt to GDP ratio has increased from 66.6 percent to 101.6 percent.

#82 According to the U.S. Treasury, foreigners hold approximately 5.6 trillion dollars of our debt.

#83 The amount of U.S. government debt held by foreigners is about 5 times larger than it was just a decade ago.

#84 As I have written about previously, if the U.S. national debt was reduced to a stack of one dollar bills it would circle the earth at the equator 45 times.

#85 If Bill Gates gave every single penny of his entire fortune to the U.S. government, it would only cover the U.S. budget deficit for 15 days.

#86 Sometimes we forget just how much money a trillion dollars is.  If you were alive when Jesus Christ was born and you spent one million dollars every single day since that point, you still would not have spent one trillion dollars by now.

#87 If right this moment you went out and started spending one dollar every single second, it would take you more than 31,000 years to spend one trillion dollars.

#88 In addition to all of our debt, the U.S. government has also accumulated more than 200 trillion dollars in unfunded liabilities.  So where in the world will all of that money come from?

#89 The greatest damage that quantitative easing has been causing to our economy is the fact that it is destroying worldwide faith in the U.S. dollar and in U.S. debt.  If the rest of the world stops using our dollars and stops buying our debt, we are going to be in a massive amount of trouble.

#90 Over the past several years, the Federal Reserve has been monetizing a staggering amount of U.S. government debt even though Ben Bernanke once promised that he would never do this.

#91 China recently announced that they are going to quit stockpiling more U.S. dollars.  If the Federal Reserve was not recklessly printing money, this would probably not have happened.

#92 Most Americans have no idea that one of our most famous presidents was absolutely obsessed with getting rid of central banking in the United States.  The following is a February 1834 quote by President Andrew Jackson about the evils of central banking….

I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the Bank. You tell me that if I take the deposits from the Bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out and, by the Eternal, (bringing his fist down on the table) I will rout you out.

#93 There are plenty of possible alternative financial systems, but at this point all 187 nations that belong to the IMF have a central bank.  Are we supposed to believe that this is just some sort of a bizarre coincidence?

#94 The capstone of the global central banking system is an organization known as the Bank for International Settlements.  The following is how I described this organization in a previous article

An immensely powerful international organization that most people have never even heard of secretly controls the money supply of the entire globe.  It is called the Bank for International Settlements, and it is the central bank of central banks.  It is located in Basel, Switzerland, but it also has branches in Hong Kong and Mexico City.  It is essentially an unelected, unaccountable central bank of the world that has complete immunity from taxation and from national laws.  Even Wikipedia admits that “it is not accountable to any single national government.”  The Bank for International Settlements was used to launder money for the Nazis during World War II, but these days the main purpose of the BIS is to guide and direct the centrally-planned global financial system.  Today, 58 global central banks belong to the BIS, and it has far more power over how the U.S. economy (or any other economy for that matter) will perform over the course of the next year than any politician does.  Every two months, the central bankers of the world gather in Basel for another “Global Economy Meeting”.  During those meetings, decisions are made which affect every man, woman and child on the planet, and yet none of us have any say in what goes on.  The Bank for International Settlements is an organization that was founded by the global elite and it operates for the benefit of the global elite, and it is intended to be one of the key cornerstones of the emerging one world economic system.

#95 The borrower is the servant of the lender, and the Federal Reserve has turned all of us into debt slaves.

#96 Debt is a form of social control, and the global elite use all of this debt to dominate all the rest of us.  40 years ago, the total amount of debt in our system (all government debt, all business debt, all consumer debt, etc.) was sitting at about 2 trillion dollars.  Today, the grand total exceeds 56 trillion dollars.

#97 Unless something dramatic is done, our children and our grandchildren will be debt slaves for their entire lives as they service our debts and pay for our mistakes.

#98 Now that you know this information, you are responsible for doing something about it.

#99 Congress has the power to shut down the Federal Reserve any time that they would like.  But right now most of our politicians fully endorse the current system, and nothing is ever going to happen until the American people start demanding change.

#100 The design of the Federal Reserve system was flawed from the very beginning.  If something is not done very rapidly, it is inevitable that our entire financial system is going to suffer an absolutely nightmarish collapse.

The truth is that we do not have to have a Federal Reserve.  The greatest period of economic growth in U.S. history was when we did not have a central bank.  If we are ever going to turn this nation around economically, we are going to have to get rid of this debt-based financial system that is centered around the Federal Reserve.  On the path that we are on now, there is no hope.  Please share this article with as many people as you can.  It is imperative that we try to wake the American people up while we still have time.



‘T was the Night Before Reval.



(*) Twas the Night Before Reval (*)  

‘Twas the night before reval, when all through the house Not a creature was sleeping, not even my spouse. The Dinars were laid on the table with care, In hopes that the news soon would be there. The children were nestled all snug in their beds, While visions of new cars danced in their heads. And mamma in her snuggie, and I in my drawers, Had just settled our brains for a long currency war.

When on the computer there arose such a clatter, I sprang from the couch to see what was the matter. Away to I typed with a clash, opening to the homepage to see the News Flash.

The glow of the screen on my laid out Dinar Gave the vision of dreams I had held at afar. When, what to my wondering eyes should appear, But a flashing notice the RV was here .

The government was seated, so lively and quick, I knew in a moment it must be a trick. More rapid than eagles they fell all in line, The IMF had told them “Now is the time”.

“Now Maliki! now, Allawi! now, Mahdi and Saad! On, Mullahs! On, Kurds! on, Ashour and Awaad! To the top of the basket! to the top of the chart! Now Revaluate! Revaluate! The RV must start!”

As dry leaves that before the wild hurricane fly, When they meet with an obstacle, mount to the sky. So up to the top of the forex charts they flew, With accounts full of dollars, and new millionaires too.

And then, in a twinkling, I heard on the tile The prancing and dancing of my wife gone wild. As I drew in my head, and was turning around, I heard my phone ring, a startling sound.

It was my neighbor, who lives down the street, He is a banker for Chase, and asked could we meet. A bundle of ideals he had in his mind, of places my riches to put he could find, He sounded excited, but I had my plan set in my mind.

His voice how it lifted! He sounded so merry! His words were like candy, his attitude so cherry! He promised an exchange rate, without a great spread, I feared if I trusted my dreams would be dead.

The receiver of the phone, he held tight in his hand, And I could tell his heart, was beating like a band. I could imagine his broad face and a big round belly, That shook when he spoke, like a bowlful of jelly!

He is chubby and plump, like a fat old elf, And I laughed when I thought about him, in spite of myself! He asked me to call soon, as he was going to bed, I thought to myself I have nothing to dread.

I put down the phone, and went straight to work, I counted my money, then turned with a jerk. I felt a soft finger aside of my nose, And there stood my wife in an amorous pose!

I sprang to my feet, and let out a whistle, And away we flew to our room like the down of a thistle. The children surely heard me screaming all through the night and finally snorting I let out a shout!

“Happy RV to all, and to all a good-night!”


THE TRUTH IF YOU CARE TO SEE IT !!!!!!!!!!!!!!!!!!!!

Wow. I can’t believe that Fox News had the guts to do this. It’s about time! Wonderful!

It should be played every day till the American public wakes up. Takes only moments to watch.