Monthly Archives: November 2014

The Tail of the Dragon

China Liquidity

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How and Why China Delayed IMF Reforms Through Republican Party Donations

By JC Collins

In March of 2009 the People’s Bank of China Governor Zhou Xiaochuan called for a reform of the international monetary system.  Among the initiatives called for by Zhou was the creation of an international reserve currency which would be disconnected from any individual nations currency, and would remain stable by removing the deficiencies inherit in using credit based national currencies.

Other factors called for by Governor Zhou was for part of the official reserves of member countries to come under the centralized management of the International Monetary Fund.  Special Drawing Rights, or SDR’s, of the IMF should be expanded as a means of payment, denomination of securities, commodity denomination, such as oil, and the denomination of the new international reserve currency mentioned above.

Along those lines the PBoC also called for a larger representation within the SDR basket composition for all major economies based on GDP.  This would presumably be a reference to adding the Chinese currency, the renminbi, to the SDR basket.

Every five years the composition of the SDR basket is open for adjustments. During these reviews the initial weights of the inclusive currencies are established but over each period the currencies fluctuate with the daily movements of exchange rates. Appreciating currencies gain a larger share of the basket and depreciating currencies a smaller share.

The last such review was completed in 2010 and at that time the RMB was nowhere near internationalized enough to warrant inclusion in the basket.  The next review will be completed by July, 2015, and will likely see the RMB added to the basket as the rate of internationalization has increased dramatically over the last 5 years.

Also in 2010 the G20 countries collectively agreed to reform the executive board and quota amounts of the Fund. These reforms will give the emerging economies, such as China, a larger say in the quota and voting rights within the IMF.  Though the reforms reduce the US influence within the organization and increase the influence of China, some within the PBoC feel they do not go far enough to balance the system or accurately represent the growth of China within the international financial system.

Though these reforms have been agreed upon by all member countries, including America, the Republicans in Congress have continuously blocked passage of legislation which is required to support the changes to the executive board and the quota amounts.

Much debate and analysis has been offered over the last few years to help explain why Republicans in Congress are blocking the legislation in defiance of the US Executive Branch and Treasury.  Any benefit to the GOP for blocking and delaying the reforms are minimal, such as political advantage over the Democrats and using the reforms as leverage to get other bills passed, such as the Keystone XL Pipeline.

The demands and pressure from the rest of the world to have the reforms enacted as soon as possible doesn’t seem to hinder the Republicans attempts at further delays.  The G20 and the IMF have openly stated that if the reforms are not passed by the end of the year the US Congress will be bypassed and the reforms will be separated into smaller items which can be implemented one at time which would not require any Congressional approval.

If such an action is taken American influence in the Fund will be dramatically reduced and could potentially lead to a situation where a coalition of countries within the IMF join together to exercise veto power over the United States.

So it is obvious that there are no benefits to the United States for delaying the reforms further.  Which begs the question, if the US and the Republicans have nothing to gain in delaying, who does?

China could make a strong case that the 2010 Reforms do not go far enough in restructuring the Executive Board of the Fund and the adjusted quota amounts do not accurately reflect the growth of the countries GDP in the 5 years since the agreement was made.

But is that cause enough for China to want the reforms to be delayed?

Perhaps not. But when we consider the growth in not just China’s GDP since 2010, but also the broader internationalization of the renminbi in that same amount of time, there is a stronger case for China wanting to not just delay the reforms, but bypass them altogether.

Failure by the Republican lead Congress to pass the required legislation is quickly leading to a situation where China will get exactly what it stated it wanted back in 2009, namely an international reserve currency which is not directly connected to any one national currency, including there own, and having their currency, the renminbi, added to the SDR basket composition.

The only difference now would be that the RMB will be added to the SDR basket at a much larger and more valuable weight than it would have been back in 2010, if the reforms had been implemented at that time.

The other component of Governors Zhou’s 2009 statement was having a percentage of foreign reserves centralized under IMF management. The fact that the large volume of Bi-Lateral Swap Agreements between the PBoC and other central banks around the world has increased the foreign holdings of RMB does much to help China leverage their currency within the structure of this SDR liquidity exchange.

The longer it takes to implement the reforms the more likely the US will become a less attractive supplier of high quality financial assets, especially if the coming liquidity crisis can be blamed on the unwillingness of Congress to act on reforming the international financial system.  The capital losses on central bank “outstanding dollar” reserves will create a demand for alternative financial assets to increase liquidity.

Enter SDR bond liquidity.

In order to have SDR liquidity accepted it must compete with and overcome dollar liquidity demands, as well as restructure foreign exchange markets so traders move from USD to SDR assets. The likely scenario of a global liquidity crisis compounded by the inability of central banks, including the Federal Reserve, to increase global liquidity, will create the required demand for SDR bonds.

The liquidity exchange of foreign reserves for SDR reserves, and having those assets centrally managed by the IMF, will in essence make the Fund a global central bank, meeting the mandates of the Bank for International Settlements and its Basel 3 targets for bank liquidity.

For its part, China, at the behest of the BIS, is playing a strategic game with both political parties that make up the American system of governance, ensuring plausible deniability for all involved.  The Republicans will likely be the ones to take the hit for their reluctance to pass the reform legislation and support the transition to a more stable and multilateral financial system, ensuring a Democratic win in the next presidential election.

The immigration amnesty of Obama is expanding the voter base for the next election in two years which will maintain the viability of both political parties.

The Koch brothers are some of the largest supporters of the Republican party and are the power behind both the GOP and the Tea Party. It would be absurd to think that the Republicans are holding up the 2010 IMF Reforms for reasons which have nothing to do with the interests of Koch Industries.

Every IMF Reform bill presented by the Democrats has contained a provision for an IRS Rule Change which alters the tax exempt status of non-profit political organizations. The Republicans have demanded that the IRS Rule Change be removed in order for any IMF Reforms to move forward.

The IRS Rule Change could potentially reveal the 3rd party source of political contributions and donations, which is why the GOP cannot agree with its addition on any IMF bill.  The Democrats, wanting the reforms to be quickly implemented, and have so for the last 5 years, have been attempting to strengthen the US position within the emerging multilateral system, while the Republicans have been postponing the reforms which has served to continuously weaken the American position.

As stated above, the only one who benefits from this arrangement is China, as it has bought them valuable time to internationalize the RMB and increase its weight in the foreign reserves of central banks around the world. In order to expand on this we must connect China with both Koch Industries and the Republican Party.

Interestingly enough it was Koch Industries founder Fred Koch who was one of the designers of the John Birch Society. The JBS is mandated with spreading the communist philosophies of centralization within western societies.  When we consider the slow implementation of socialist and communist policies within the governments of the west, we can quickly determine that the John Birch Society, and its members, have been extremely successful.  And now we are on the verge of a global system of centralization, as mandated and described by Governor Zhou’s request to have the foreign reserves of “central” banks “centralized” under the management of the IMF.

Koch Industries has many subsidiaries, one of which is Flint Hills Resources, which has divisions in Canada, along with a huge stake in the Keystone XL Pipeline, as well as a division in Hong Kong.  There are many other Koch subsidiaries with ongoing interests in China, and I would encourage the curious reader to investigate further.

Back in 2012 the Democratic Congressional Campaign Committee, or DCCC, made accusations that a Las Vegas casino owner who made large donations to the GOP, was in fact funneling political donations from China, through his casinos in Las Vegas and Macau, to the Republican leadership.  These donations came to be known as Chinese prostitution money.

The business and political connections between Koch Industries and this casino owner, Sheldon Adelson, are numerous and plenty.  Adelson denied the connection with the “Chinese prostitution money” and threatened a lawsuit against the DCCC if they did not retract the accusation and print an apology, for which they did.

The television drama House of Cards portrayed a similar story in its second season. In a version of “the revelation of the method”, the Chinese in the House of Cards story funnel money through a native owned casino to an American industrial titan who than makes political donations to the Republicans.   The Democrats figure out the scheme and confront the Chinese, who in turn demand the passage of a bill supporting the construction of a large infrastructure project in America from which they will profit hugely.  The Democratic VP agrees and the illegal political donations, or “Chinese prostitution money” stopped going to the Republicans.

When we have these kinds of connections between American industry, as represented by the Koch interests, and additional connections between both the Koch interests and Republican interest with China, one can only speculate on the reason for the Republican delay on enacting legislation supporting the 2010 IMF Reforms.

The reaction to the failure of the Republican lead congress to implement the reforms is exactly what China wants in order to complete its rise within the framework of the multilateral system.  As long as the end result fits with the larger macro mandates of the Basel 3 Regulation of the Bank for International Settlements, the children can continue to play in the school yard.

Plausible deniability exists on all sides as the coming liquidity crisis further establishes itself and the demand for SDR liquidity is constructed. And to think we are only in the beginning of this liquidity exchange.  – JC

http://philosophyofmetrics.com/2014/11/25/the-tail-of-the-dragon/#more-1755

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Dutch government refuses to reveal ‘secret deal’ into MH17 crash probe

……snip….result of structural damage caused by a large number of high-energy objects that struck the Boeing from the outside…….snip

I did post a picture of those holes previously

November 20, 2014

Source: RT

The Dutch government has refused to reveal details of a secret pact between members of the Joint Investigation Team examining the downed Flight MH17. If the participants, including Ukraine, don’t want information to be released, it will be kept secret.

The respected Dutch publication Elsevier made a request to the Dutch Ministry of Security and Justice under the Freedom of Information Act to disclose the Joint Investigation Team (JIT) agreement, along with 16 other documents. The JIT consists of four countries – the Netherlands, Belgium, Australia and Ukraine – who are carrying out an investigation into the MH17 disaster, but not Malaysia. Malaysian Airlines, who operated the flight, has been criticized for flying through a war zone.

Part of the agreement between the four countries and the Dutch Public Prosecution Service, ensures that all these parties have the right to secrecy. This means that if any of the countries involved believe that some of the evidence may be damaging to them, they have the right to keep this secret.

“Of course [it is] an incredible situation: how can Ukraine, one of the two suspected parties, ever be offered such an agreement?” Dutch citizen Jan Fluitketel wrote in the newspaper Malaysia Today.

Despite the air crash taking place on July 17 in Eastern Ukraine, very little information has been released about any potential causes. However, rather than give the public a little insight into the investigation, the Dutch Ministry of Security and Justice is more worried about saving face among the members of the investigation.

“I believe that this interest [international relations] is of greater importance than making the information public, as it is a unique investigation into an extremely serious event,” the Ministry added, according to Elsevier.

Other reasons given for the request being denied included protecting investigation techniques and tactics as well as naming the names of officials who are taking part in the investigation. The Ministry said it would be a breach of privacy if they were revealed. “If the information was to be released then sensitive information would be passed between states and organizations, which would perhaps they would be less likely to share such information in the future,” said the Ministry of Security and Justice.

Dutch MP Pieter Omtzigt, who is a member of the Christian Democratic Party, has made several requests for the information to be released to the public.

“We do not know what the Netherlands has committed itself to. The government neither published the agreement when we asked for it, nor did it show it to parliament,” he said in reaction to the ministry’s decision. “It is perfectly normal that the Netherlands cooperate with other countries in this complex investigation. Yet they even kept the existence of the agreement secret a first and that was unnecessary.”

Journalists walk behind parts of the Malaysia Airlines plane Flight MH17 as Dutch investigators (unseen) arrive near at the crash site near the Grabove village in eastern Ukraine on November 11, 2014 (AFP Photo)

Malaysia is the only country to have directly negotiated with the anti-Kiev militias in the East of Ukraine, while the country’s Ambassador to the Netherlands said he was unhappy that Malaysia had not been included within the JIT. Dutch Prime Minister Mark Rutte flew to Kuala Lumpur on November 5, but Malaysia says it still did not receive an invitation to join.

“We must first be included in the JIT, otherwise it would be hard for us to cooperate in the investigation. The parties inside the investigation must include us in the team, right now we are just a participant,” said the Malaysian Inspector-General of Police Khalid Abu Bakar in Kuala Lumpur on Wednesday, which was reported by the New Straits Times.

A preliminary report by the Dutch Safety Board, which was released September said the MH17 crash was a result of structural damage caused by a large number of high-energy objects that struck the Boeing from the outside.

Dutch investigators added that “there are no indications” that the tragedy was triggered “by a technical fault or by actions of the crew.”

Consent of the People to be Enemies!

This is perhaps one of the most important posts on this site, read it carefully and check out the links. This court case is ongoing now. Rod Class against the whole bunch of them. A lot depends on the outcome.

Listen here of Rod Class presenting how We The People became ‘Enemies’ of THE UNITED STATES, INC. with them as our Government Traitors, and he has already been Criminally Charged with this:

10/16/2014 09:08 PM EDT 33:34
http://www.talkshoe.com/talkshoe/web/talkCast.jsp?masterId=48361&cmd=tc
EPISODE900 – AIB RADIO HOW THE PEOPLE WAS TRICKED INTO CONSENT

Organic Act of 1871” (THE UNITED STATES, INC. established)
CHAP. LXII.-An Act to provide a Government for the District of Columbia.
Be it enacted by the Senate and House of Representatives of the United
States of America in Congress assembled, That all that part of the terri-
tory of the United States included within the limits of the District of
Columbia be, and the same is hereby, created into a government by the
name of the District of Columbia, by which name it is hereby constituted
a body corporate for municipal purposes, and may contract and be con-
tracted with, sue and be sued, plead and be impleaded, have a seal, and
exercise all other powers of a municipal corporation not inconsistent with
the Constitution and laws of the United States and the provisions of this
act.
Sec. 2. And be it further enacted, That the executive power and au-
thority in and over said District of Columbia shall be vested in a gov-
ernor, who shall be appointed by the President, by and with the advice
and consent of the Senate, and who shall hold his office for four years,
and until his successor shall be appointed and qualified. The governor
shall be a citizen of and shall have resided within said District twelve
months before his appointment, and have the qualifications of an elector.

APPROVED, February 21, 1871

For more go to page 452 on the PDF here, 11 pages:
http://www.constitution.org/uslaw/sal/016_statutes_at_large.pdf

“Trading with the enemy Act.” (Establishing the Citizens as Enemies)
CHAP. 106.-An Act To define, regulate, and punish trading with the enemy, and
for other purposes.
Be it enacted by the Senate and House of Representatives of the United
States of America in Congress assembled, That this Act shall be known
as the “Trading with the enemy Act.”

Approved, October 6, 1917

For more go to page 431 on the PDF here, 16 pages:
http://www.constitution.org/uslaw/sal/040_statutes_at_large.pdf

Social Security Act”
{CHAPTER 531.}
AN ACT
To provide for the general welfare by establishing a system of Federal old-age
benefits, and by enabling the several States to make more adequate provision
for aged persons, blind persons, dependent and crippled children, maternal
and child welfare, public health, and the administration of their unemploy-
ment compensation laws; to establish a Social Security Board; to raise revenue;
and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
TITLE I-GRANTS TO STATES FOR OLD-AGE
ASSISTANCE
APPROPRIATION
SECTION 1. For the purpose of enabling each State to furnish
financial assistance, as far as practicable under the conditions in such
State, to aged needy individuals, there is hereby authorized to be
appropriated for the fiscal year ending June 30, 1936, the sum of
$49,750,000, and there is hereby authorized to be appropriated for
each fiscal year thereafter a sum sufficient to carry out the purposes
of this title. The sums made available under this section shall be
used for making payments to States which have submitted, and had
approved by the Social Security Board established by Title VII
(hereinafter referred to as the ” Board “), State plans for old-age
assistance.

SHORT TITLE
SEC. 1105. This Act may be cited as the “Social Security Act”.
Approved, August 14, 1935

For more go to page 665 on the PDF here, 29 pages:
http://www.constitution.org/uslaw/sal/049_statutes_at_large.pdf
[Does not specifically state receiving a ID number, but it should be necessary.]

“Alien Registration Act” (Register for ALL Licenses)
{CHAPTER 439}
AN ACT
To prohibit certain subversive activities; to amend certain provisions of law with
respect to the admission and deportation of aliens; to require the fingerprinting
and registration of aliens; and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
TITLE I
SECTION 1. (a) It shall be unlawful for any person, with intent to
interfere with, impair, or influence the loyalty, morale, or discipline
of the military or naval forces of the United States-

TITLE II
SEC. 20. Section 19 of the Immigration Act of February 5, 1917 (39
Stat. 889; U. S. C., title 8, sec. 155), as amended, is amended by
inserting, after “SEC. 19.”, the letter “(a) “, and by adding at the end
of such section the following new subsections:

SEC.41, This Act may be cited as the “Alien Registration Act,
1940″.
Approved, June 28, 1940.

For more go to page 703 on the PDF here, 7 pages:
http://www.constitution.org/uslaw/sal/054_statutes_at_large.pdf

Other Statutes at Large
http://www.constitution.org/uslaw/sal/sal.htm

G20 meeting was a total defeat for the cabal, Bush and Cohen crime families on the run.

Posted by benjamin

November 17, 2014

The G20 meeting that just ended in Australia was a total defeat for the cabal and its agenda, multiple sources say. The cabal tried to use the Ukraine as an excuse to start war against Russia as a way to rebuild Western economies and keep itself in power. However, instead, the French, British and Germans abandoned the cabal controlled Americans and joined with the vast majority of the planet to support a BRICS led initiative for a new Marshall plan for the planet, the sources say. The attempts to inflame the sentiment for war using the Ukraine and ISIS went nowhere with most world leaders.

The BRICS and APEC summits week ended up focusing on stopping tax evasion by multinational corporations and increasing resources for fighting poverty and ending environmental destruction. Furthermore, the US military has been in a state of shock and demoralization after a top of the line Aegis class US warship was turned into a crippled sitting duck in the Black Sea earlier this year, according to French and other reports.

http://www.voltairenet.org/article185860.html

As a Russian general explained “the more complicated an electronic system is, the easier it is to interfere with it.” The obvious implication here is that much of the US military’s highly computerized military equipment can all be electronically scrambled, making it no more dangerous than refrigerators. It is as if that Arthur C. Clarke 1951 science fiction story “Superiority,” about an army that lost because of its reliance on untested high tech equipment, has come true. That story used to be mandatory reading for US military officers.

In any case, the Russians and others are saying that when the Russian navy stationed a fleet near the G20 meeting in Australia the Americans were too scared to send their own fleet to respond. Not only that but detailed evidence was presented to world leaders showing the Malaysian Airlines flight 370/17 incidents were

nuclear blackmail carried out by the Bush and Cohen crime families of Florida, P2 Freemason lodge and pentagon sources say. The Pentagon has reacted to these revelations by carrying yet another restructuring of its nuclear forces in order to stop any more Bush/Cohen nuclear terror. According to the P2 Lodge, the United States is now run by seven crime families. Of these families, it is the Bush and Cohen families that are now standing between the people of the world and freedom, the P2 lodge sources say.

The Bush/Cohen hardline faction in the cabal has now been reduced to a few slaves like Prime Minister Abe of Japan, Abbott of Australian and, to this writers’ deep regret, Harper of Canada.

Abe returned to Japan only to find a mutiny against him inside the ruling Liberal Democratic and Komeito parties, according to Japanese right wing sources. The anti-Abe faction has been leaking news of a planned general election in December while Abe himself has been fighting tooth and nail to prevent that from happening, they say. The ruling coalition is split between two large factions and the pro-Abe faction is losing support fast.

The latest economic numbers showing that Japan’s economy shrank at an annualized 1.6% in the July to September quarter. This means Japan is officially in recession and Abenomics has been a failure. In fact, Abenomics has been nothing more than wholescale looting of Japan’s pensions and other financial assets aimed at supporting the cabal in the US. If Abe is removed, then it is game over for the Bush/Cohen Nazionist faction.

That is why there is expected to be heavy duty infighting in Japan over the coming weeks.

It is also interesting to note that a senior Mossad official was sent to Tokyo last week to meet with a White Dragon Society representative. This official has been completely out of contact since the March 11th, 2011 tsunami and nuclear terror attack against Japan. It was immediately after this terror attack that Israeli Prime Minister Benyamin Netanyahu phoned Japanese Prime Minister Naoto Kan to demand that Japan hand over all of its holding in US Treasuries. If he did not, Netanyahu threatened to destroy all of Japan’s nuclear reactors. Kan duly handed the Treasury certificates over and I guess the cabal thought they had emerged victorious.

They were wrong. The Mossad agent was told that Netanyahu and the other individuals responsible for that attack would face criminal prosecution. He was also told that there was going to be no pogrom, but that the highly brainwashed section of the Jewish population would have to be re-educated based on actual historical fact.

The fact is that Hebrew and Yiddish are Germanic languages from central Europe, not Middle-Eastern languages. The only people in the ancient Middle East who spoke an Indo-European language were the Hyksos who worshiped a goat faced being with a forked tail. That is the image we now associate with Satan. The people of Judea whose story the Torah tells spoke Aramaic.

The Hyksos invaded and ruled Egypt for a while and when they were kicked out they took a bunch of Egyptian slaves with them. The implication here of course is that for millennia, Jews have been unwitting slaves of a Satan worshipping ancient Hyksos cult. The Mossad agent was told that once the Jews learned this, they would finally be freed from millennia of slavery.

The Mossad agent also asked why US President Barack Obama was so anti-Israel. He was told Obama was just a spokesperson for the US military. It was explained to him that the US military was angry about such things as 911 and the USS Liberty incident.

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

The Hyksos/Satanist factions are now being purged both in England and from the Vatican according to multiple sources. Pope Francis has removed thousands of pedophile priests from the Vatican, cleaned up the Vatican bank and otherwise ended their influence on that organization.

In England, stories that used to be on the far fringe of so-called “conspiracy theory” are now appearing in newspapers and even in the BBC. The stories talk about a pedophile ring filled with high ranking political, military and other figures killing and raping young boys.

http://www.dailymail.co.uk/news/article-2835236/Was-Westminster-block-flats-scene-sex-parties.html

http://www.telegraph.co.uk/news/uknews/crime/11234001/Tory-MP-murdered-boy-at-orgy-abuse-victim-claims.html

Scotland Yard is investigating and mass arrests are expected, MI5 officials say.

When the same sorts of incidents are prosecuted inside the United States and the rest of the EU, then the horror perpetrated by these cultists will finally come to an end.

On a final note, this writer was offered first class tickets to go to the UK and testify in the Michael Shrimpton trial about nuclear terror threats to the 2012 London Olympics. However, I was warned in a phone call from London that the trial might be trap set by Tony Blair and other Bush minions in the UK.

http://src-fla.us/index.php/news2e629/14-sample-data-articles/110

Yellen Hands Off Printing Press to Japan

Published : November 10th, 2014
874 words – Reading time : 2 – 3 minutes

There is a saying: “The rich just keep getting richer”. And by all accounts, since the 2008 financial crisis, they have. Unfortunately, for the struggling poor and middle class, wealthy asset holders have been the only beneficiary of six years of Federal Reserve easy-money policies. Under the tutelage of Ben Bernanke, the Fed introduced QE in March of 2009 with the hope it would save the economy from economic collapse. The goal was to create a new vibrant market for borrowing to replace the former vibrant market for borrowing that had just blown up, taking the economy with it. I am sure Ben Bernanke began this ruse with good intentions and the misplaced belief that real economic prosperity could be manufactured from creating new money.

But as they say, hind sight is 20-20, and here we sit six years and 3.5 trillion dollars later with the realization this money printing scheme did not work as planned. Don’t just take my word for it. According to Wall Street Journal, Former Fed Chairman Alan Greenspan said the QE program had failed to achieve its primary goals. As a means of boosting consumer demand, the asset purchase program, he said, “has not worked,” though it did a good job of increasing asset prices.

Bond king Bill Gross agrees, noting that the roughly $7 trillion pumped into the financial system since the financial crisis by the world’s three biggest central banks has succeeded mostly in lifting asset prices rather than workers’ wages: “Prices go up, but not the right prices.”

And Hedge fund manager Paul Singer recently noted “The inflation that has infected asset prices is not to be ignored just because the middle-class spending bucket is not rising in price at the same rates as high-end real estate, stocks, bonds, art and other things that benefit from quantitative easing.”

Why QE Hasn’t Worked

The U.S. Government has done a splendid job of continuing its borrowing spree, as Federal debt has increased from $9.2 to $17.9 trillion. But if we learned any lessons from these last few years, it should be that government borrowing and spending in the form of transfer payments (such as food stamps) doesn’t grow an economy.

The Fed hoped that printing $3.5 trillion would encourage private companies to borrow money and grow their business by investing in property, plant and equipment. Unfortunately, growth doesn’t happen in a vacuum. With the consumer tapped out, business was more realistic about demand. The idea that low interest rates and available credit would spur growth similar to what we saw in the 1990’s with the technology boom did not manifest. Therefore, instead of borrowing at low rates to grow their businesses, many companies just took on cheap debt and bought back stock–growing their EPS but not the economy. This kept the “beat the expectation” crowd on Wall Street happy but did nothing to encourage sustainable growth.

Central banks have failed to realize that lasting economic growth only comes from real savings and investment, which leads to an increase in labor hours and productivity. The government’s borrowing and printing scheme left the banking system intact, but did nothing to help the average consumer. While the Fed was frantically printing money to re-inflate asset prices, the majority of American’s incomes have decreased, as real after tax income has actually fallen by -5.9%. In fact, in this recent election, we learned 65% of Americans are still primarily concerned with the economy, and nearly the same amount believe they are worse off since the great recession began. This is despite manipulated data from the Federal Government meant to persuade them otherwise.

With the prospect of viable economic growth pushed further out of reach and the Federal Reserve out of the QE game, deflationary forces should prevail and equity prices should be falling. But, if there is one thing Central Banks are famous for, it’s not learning from past mistakes. Fittingly, taking a page from the hyperinflationary playbook, Japan has gone on a kamikaze mission to destroy its currency; announcing an escalation of its bond purchase rate to $750 billion per year. In addition to this, Japan’s state pension fund (the GPIF), intends to dump massive amounts of Japanese government bonds (JCB’s) and double it allocation to equities, raising its investment in domestic and international stocks to 24% each. The BOJ is also planning on tripling its annual purchase of ETFs and other equity securities. Japan has taken the baton from Yellen and will run with it until the nation achieves runaway inflation and its currency is completely destroyed.

Central bankers across the globe have succeeded in hallowing out the middle classes, but have failed miserably in achieving viable growth. This game will continue until the inevitable currency collapse unfolds and investors lose faith in government-manipulated asset prices. The tsunami resulting from currency, sovereign debt and equity market destruction will soon begin rolling in Japan. The problem is that Japan isn’t some isolated banana republic — it is the world’s third largest economy. When its currency collapses it will wipeout worldwide markets and economies as well. And then, hopefully, investors will insist on putting their faith and wealth in money that can’t be destroyed by a handful of unelected and unaccountable government hacks.

‘December surprise’ for next presidential race

Aaron Klein   Published: 3 hours ago.

This is not good, clearly another socialist/liberal effort and step to wipe out the Constitution, not for a Republic. This is for socialist and other dubious  outfits. It’s nothing more than a “Mob Rule”. Don’t let them do it.

Vote

Partners of the National Popular Vote effort, which seeks to bypass the Electoral College established in the U.S. Constitution, have announced a possible “December surprise” that could change the nation’s electoral system by 2016.

The NPV campaign is working to obtain the consent of the majority of the 538 votes in the Electoral College to award electoral votes to the winner of the national popular vote instead of the winner of the popular vote in each state.

In an opinion piece published Nov. 7 by Roll Call, Rob Richie, executive director of the electoral reform group FairVote, and FairVote democracy fellow Claire Daviss, urged Pennsylvania and Michigan to join the interstate pact to usurp the Electoral College.

Their piece was titled “December Surprise? States May Change The Electoral College System Before 2016.”

Wrote Richie and Daviss: “Two years from now, we will have just elected a new president. We know the election date: Nov. 8, 2016. What we don’t know is just how our votes will count. Under the Constitution, states decide how to allocate Electoral College votes – and there are rumblings of change.”

Last April, New York Gov. Andrew Cuomo signed the National Popular Vote, or NPV, bill, making his state the 11th to enact the plan. With the passage of the bill, the interstate compact now has 61 percent of the 270 electoral votes needed to put it into effect.

Aside from New York, other states that already signed up are the heavily blue states of Hawaii, Illinois, Maryland, Massachusetts, New Jersey, Washington, Vermont, California and Rhode Island. The District of Columbia also has joined the pact.

The states will not be required to award their electoral votes to the national popular vote winner until the NPV has signed up enough states to garner 270 electoral votes.

After Cuomo’s signing of the law, the New York Post warned in an editorial the NPV effort could “undermines small-d democracy.”

The Post quoted then-Sen. John F. Kennedy stating, “Direct election would break down the federal system under which states entered the union, which provides a system of checks and balances to ensure that no area or group shall obtain too much power.”

Get the definitive case for removing Barack Obama from office in “Impeachable Offenses” by Aaron Klein and Brenda J. Elliott.

Others have warned a national popular vote could ultimately lead to more vote fraud, arguing the Electoral College isolates the impact of such fraud to each state.

The Founding Fathers firmly rejected a purely popular vote to elect the president, because they wanted to balance the power of the larger and smaller states. The Electoral College was fashioned as a compromise between an election of the president by direct popular vote and election by Congress.

Now the NPV effort could change the way Americans elect the president without amending the U.S. Constitution. The plan simply requires that enough states join through votes in their legislatures along with gubernatorial approval.

It takes two-thirds of both the House and Senate to pass a constitutional amendment to repeal the Electoral College.

To bypass the constitutional amendment process, NPV minimizes the number of states that would need to agree. Instead, once enough states agree to allot electoral votes to the national popular vote winner, the Electoral College becomes irrelevant.

Soros funding

The NPV effort is fully partnered with a George Soros-funded election group, as WND was first to report.

The group, the Center for Voting and Democracy, received original seed money in 1997 from the Joyce Foundation, a nonprofit that boasted President Obama served on its board at the time of the grant. Obama was a board member from July 1994 until December 2002.

The NPV is run by individuals with a history of support for the Democratic Party, WND found.

It is partnered with FairVote, a project of the Soros-funded Center for Voting and Democracy that advocates for a national popular vote for president.

FairVote’s website says the organization “has nurtured and supported the National Popular Vote plan to ensure that every vote for president is equally valued no matter where it is cast.”

FairVote’s executive director, Rob Richie, co-authored “Every Vote Equal: A State-Based Plan for Electing the President by National Popular Vote,” a book explaining how the National Popular Vote plan would work and why he thinks the U.S. “desperately needs it.”

FairVote regularly works with advocacy leaders at the National Popular Vote organization to assist in getting legislation passed.

Richie, executive director of FairVote since he co-founded it in 1992, is also a member of the civil society committee of the Soros-led Bretton Woods Committee, which openly seeks to remake the world economy.

Richie’s book was co-authored with NPV’s founder, John R. Koza.

In a Dec. 15, 2008, Wall Street Journal opinion piece, Jonathan Soros, son of George Soros, wrote that it was time to junk the Electoral College.

Soros’ Open Society Institute funds the Center for Voting and Democracy, where FairVote is based.

The center’s website notes the group was kick-started in 1997 with two grants – one from the Open Society and another from the Joyce Foundation.

With Obama on its board, the Joyce Foundation also funded the American Civil Liberties Union Foundation, the AFL-CIO Working for America Institute, the National Council of La Raza and Physicians for Social Responsibility, among numerous radical groups.

Meanwhile, the NPV leadership is comprised of Democratic Party supporters.

The organization’s chairman and major funder is Koza. He was the co-founder, chairman and CEO of Scientific Games Inc., where he co-invented the rub-off instant ticket used by state lotteries.

Koza, who has reportedly pledged $12 million to NPV, previously gave tens of thousands of dollars to various Democratic Party committees and liberal candidates and was an Al Gore elector in 2000, the Weekly Standard reported.

Another pledged NPV leader is Tom Golisano, founder and chairman of Paychex, the nation’s second largest payroll and human resource company. He co-founded the Independence Party of New York in 1994 and ran as the party’s gubernatorial candidate.

Golisano is a registered Republican, even though he supported John Kerry for president and gave $1 million to the Democratic National Convention in 2008.

NPV’s secretary, Chris Pearson, served in the Vermont House of Representatives in 2006. In 2005, he was director of the Presidential Election Reform program at the Soros-funded FairVote.

With additional research by Brenda J. Elliott
Read more at http://www.wnd.com/2014/11/december-surprise-for-next-presidential-race/#DltfffJulmL1qMlR.99

John, Wed Nov, 12, 2014 at 1.51 pm MST

We worry not to give false time hopes to the people on any of it. Nor are we Forex Traders or able to advise. Simply to urge caution. Too many false dawns are printed. We can only indicate reality from the front lines, not Blog rooms.
It changes daily.
As of this evening, it is now profiling as delayed until early December. O is out of the picture now, and Biden is the Cabals front line. He will delay as ordered. This is a complex issue needing worldwide cohesion and synergy if its going to run smoothly. For us, to indicate blind hope is cruel if we know otherwise. We are sensitive to the needs of all.,
Nor are we responsible for dates.
What is now profiling is that any possible completion has now been put back into December, and with Xmas holidays before Chinese New Year, it is now probably not going to start before at least April. Sorry, but that is now latest real info as of tonight. For those blindly hoping for Xmas, the sooner you know the better. Truth matters.

One PP block shows hope right now, but we still have to wait to see Cabal games play out. These are sensitive and fraught times. Also we are all dependent upon integrity and release from a Jackal Pack of the worst of all parasites with no shame or human compassion. A step at a time. Nothing is easy or straightforward. Nor does anyone owe anybody.
We have to now protect the PPs with care. Money is very limited, if any are to work. Only limited blocks are possible. These Blog projections of multi Ts are complete fantasy.
All we can give you is balanced and objective truth as events unfold. The Cabal hold all the stacked decks.
Nothing is easy.