Monthly Archives: January 2015

THIS CHART Tells a Story… America’s Middle Class Thrived After WWII and Died Under Obama

Thank you Mac Salvo of SHTFplan   (  http://www.shtfplan.com/ )

The Davos World Economic Summit has long been a parade for the insider agenda, putting the power players’ plans for the world’s economies on display as a preview to their playing out for the rest of the year.

But so far, the 2015 elite retreat in the Swiss Alps has proven to be full of apprehension, and even horror… with many of its own members expressing regret at the world they have built.

The Guardian reported:

The billionaires and corporate oligarchs meeting in Davos this week are getting worried about inequality… even the architects of the crisis-ridden international economic order are starting to see the dangers. It’s not just the maverick hedge-funder George Soros, who likes to describe himself as a class traitor. Paul Polman, Unilever chief executive, frets about the “capitalist threat to capitalism”. Christine Lagarde, the IMF managing director, fears capitalism might indeed carry Marx’s “seeds of its own destruction” and warns that something needs to be done.

The scale of the crisis has been laid out for them by the charity Oxfam. Just 80 individuals now have the same net wealth as 3.5 billion people – half the entire global population. Last year, the best-off 1% owned 48% of the world’s wealth, up from 44% five years ago. On current trends, the richest 1% will have pocketed more than the other 99% put together next year. The 0.1% have been doing even better, quadrupling their share of US income since the 1980s.

These billionaires are not concerned with a fair or truly equitable world, of course. But they may well be concerned about having pushed the system beyond the brink, and triggering global collapse or unrest as a result of things gone way too far.

On top of a bloated super-surveillance police state that is still expanding in the age of Big Data and continuing terrorism, it is a “wealth grab on a grotesque scale” that has stood out the most in 2015.

In 2015, it has become obvious that inequality has become just plain cynical, unsettling and, perhaps, downright revolutionary… and even the insulated, egocentric billionaires have taken notice.

Meanwhile, the Telegraph compiled a set of compelling reasons to think the world has fallen back into crisis, with a global economic meltdown perhaps looming overhead.

Charts compiled from 2014 data showed gloomy numbers in everything from stunted growth, mounting deflation, collapsing oil prices (and with it a collapsing Russian economy), conspicuously low central bank interest rates, mounting debt in Europe and the UK, new waves of the Euro-crises in Greece, Italy and Spain, and shortcomings in previous forecasts for growth by the IMF.

In short… well, things are not looking so great.

Along with the other factors mentioned above, this chart, published by the London Telegraph, shows what has happened to Americans as they struggled to tread water and keep afloat after 2008. For the United States, there have been some signs of improvement, but mostly for those already on top. And the general decline in the global rankings of economic freedom and civil liberties does not complement the widening inequality, either.

wealth-gaps

It illustrates the dramatic shift from the post World War II years of economic expansion to where we stand now…

As Neil Irwin reported for the NY Times:

Who benefits from rising incomes in an expansion has changed drastically over the last 60 years. Pavlina R. Tcherneva, an economist at Bard College, created a chart that vividly shows how.

Back in the 1940s, ’50s and ’60s, most of the income gains experienced during expansions — the periods from the trough of one recession until the onset of another — accrued to most of the people. That is to say, the bottom 90 percent of earners captured at least a majority of the rise in income.

With each expansion in sequence, however, the bottom 90 percent captured a smaller share of income gains and the top 10 percent captured more.

after-total-war-total-living

Post-WWII and the Burgeoning Middle Class

It’s not that things were ever perfect, but… here’s a glimpse into how most Americans – the “average” American in the middle or lower class was doing, overall, half a century or so ago. With a strong manufacturing and industrial sector, many had the opportunity for a good paying job, a home and some semblance of upward mobility. Not all was rosy, but by the numbers, things were on an even enough keel.

In short, the chart begins in 1949, when the income growth for most Americans outweighed that of the top 10% by a factor of four to one.

The trend gradually declined, moving from 80% of income growth in the bottom 90% in 1949-1953 to just 55% in the years 1975-79.

During those years, most Americans steadily enjoyed relatively high wages and general prosperity.

gas-ration-stamp

Energy Crisis and Stagflation of the 1970s

The 1970s represented a turning point, however, with several stages of the oil crisis hitting in 1973 and 1979. Foreign policy led to OPEC hiking energy prices; Americans in turn saw rationing and a rise in the cost of living; middle class wealth and job opportunity took a dive.

The beginning of deindustrialization meant that, more and more, Americans weren’t producing actual goods; manufacturing was in decline, and many good jobs were soon shipped over seas.

Meanwhile, wealth on a global stage flowed through the petrodollar, which was, in turn, recycled on Wall Street, making speculators and banking houses – not good and production – the center of the economic universe.

reagan-80s

Deregulation and Unfettered Speculation in the 1980s and 1990s

Thus, the increases in income as wealth changed dramatically in the following decades, starting in the year 1982 and continuing to 2000 and the end of the century.

During the presidencies of Republicans Ronald Reagan and George Bush and Democrat Bill Clinton, income growth patterns flipped from their post-war patterns, with the top 10% suddenly outpacing everyone nearly 3-to-1, and regular folks seeing a noticeable decrease in their earnings.

In short, the middle class in decline. And things were getting even worse for those at the bottom.

The deregulation atmosphere of the 80s represented a complete upheaval of the post-war middle class boom.

As Wall Street’s predatory capitalism became the law of the land, a full 80% of income growth went to those at the top, while middle and lower class wealth suddenly staggered to a 29% share.

The 90s continued this trend, with income growth for the bottom 90% dropping to 27%.

This fast-paced era of “free market” (crony) capitalism – as defined and enhanced by Wall Street – only set the stage for what was to come, however.

rubin-greenspan-summers

The Walls Come Down: End of Glass Steagall and Rise of Derivatives Intro 21st Century

For those looking back after the 2008 financial collapse, these are the years in which the Glass Steagall Act, which had separated commercial and investment banking since the 1930s, was repealed with the handiwork of Clinton’s Treasury Secretary Robert Rubin and Larry Summers, Rubin’s deputy and successor.

Meanwhile, since the mid-90s, the derivatives market was opened up for big business, despite the warnings of such regulators as Brooksley Born, then head of the Commodity Futures Trading Commission (CFTC).

Under these important developments, the cynical years of the George W. Bush presidency – initiated by a Supreme Court decision, and not by the electoral process – became even worse.

Income growth for most people ground to a halt, with the total income growth for the lower and middle classes reaching only 2% (meaning most had no meaningful rise in income at all).

Meanwhile, income growth for the top 10% soared to 98% of all increases. America’s richest took it straight to the bank, in an era of massive speculation during a huge housing bubble that would soon come crashing down.

Much has been said about the 2008 financial crisis, but the “too big to fail” banks were signposts for an opportunistic class of Americans who had profited by their own rules when opportunity was dwindling for most people.

After the brink, when taxpayers bailed out the banks, things became even worse for average Americans who found themselves in the so-called “bottom 90%.”

During the Obama years, when many Americans perceived America’s first black president as redistributing vast amounts of wealth to the lower classes, income dropped sharply, with negative growth for 90% of Americans for the first time since World War II.

There was no such leveling out, but a sharpening of the growing disparity nationwide. Obama is a corporatist, not a socialist.

During the period since 2009, when most Americans saw an average drop of 16% in income, the top 10% increased their wealth by a mind-boggling 116%. Their earnings more than doubled, while the average population struggled with less and less. Things reached a point of total us vs. them…

The Occupy Wall Street crowd called it the 1%, but it is much worse than that. The issue is a tiny, tiny few (numbering only a few thousand) who now effectively own it all.

They make the rules, they break the rules, and, well, they just rule. Period.

wealth-gap-1percent

Could the picture be any clearer?

This video shows how America’s perception of the wealth gap underplays the reality, and compounds the problems, and further reveals that in reality, the bottom 40% in the United States have, well, next to nothing to show for themselves in terms of economic wealth:

As for the Middle Class – currently dead, in limbo or alternately M.I.A., columnist Harold Meyerson argues:

The extinction of a large and vibrant American middle class isn’t ordained by the laws of either economics or physics. Many of the impediments to creating anew a broadly prosperous America are ultimately political creations that are susceptible to political remedy. Amassing the power to secure those remedies will require an extraordinary, sustained, and heroic political mobilization. Americans will have to transform their anxiety into indignation and direct that indignation to the task of reclaiming their stake in the nation’s future.

Perhaps that means the Middle Class could be once again revived, if ever sanity reentered the picture, if the bums were kicked out and those guilty of outright treason in the financial and political arenas were finally rounded up and held accountable.

But don’t hold your breath… just hold onto what you’ve got, if you can.

Thanks to Mac Slavo from www.shtfplan.com

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Climate Change is Global Communist Tyranny-Lord Christopher Monckton

By Greg Hunter On January 28, 2015 In

By Greg Hunter’s USAWatchdog.com

Lord Christopher Monckton says the “climate change” issue is really a way to gain control of the world.  Lord Monckton, former award winning journalist who was once an advisor to Margaret Thatcher, contends, “This is a story that has been grossly, I mean grossly, oversold.  They have exaggerated beyond all reason.  Just this week, I’ve had a major paper published in the Science Bulletin of the Chinese Academy of Science which gives the reasons why they got it wrong.  We went into their wretched climate models and took them apart.  We’ve found what they did wrong, and we exposed it. The left have gone ballistic.”

Lord Monckton goes on to say, “What seems to be happening is the communist, in particular the hard left, have taken up these climate cudgels in a very big way, and they are the ones that are really driving this agenda.  Why are they doing this?  That is the first question.  The reason, of course, is they have long wanted to set up what used to be called the socialist international.  It’s a single giant global communist tyranny.  Of course, you get Obama, whose father was communist.  His chief mentor was communist.  His rhetoric is communist.  He has taken this up in a big way.  The State of the Union Address was really rather pathetic. . . . I never thought I’d see the United States electing a communist as President.”  Lord Monckton also points out, “These people are totalitarian.  These are people who want global government. They want to be part of a regime of total control. . . . This is what the hard left has always wanted.  It was the same in Hitler’s Germany. . . .Now, you got the communist party in the United States, but now they are calling it the Democrats.”found what they did wrong, and we eThe co-founder of Greenpeace, Patrick Moore, has made public statements that say there is “no scientific proof” humans are the cause of global warming.  Lord Monckton, who knows him personally, says, “Patrick Moore has made a very moving speech about how he tried to set up a genuine environmental organization.  Its intention was to make the world a better place, to leave a smaller environmental footprint on the world. . . . He is heartbroken.  I can’t tell you how sad he is at the perversion of the organization he founded.  Goofy teenagers are giving it money and going around collecting money, not realizing that what they are actually collecting money for is not an environmental organization anymore.  It is a communist front.  It is there solely to bring in a world government to put its people in charge, using the environment just as Hitler used it as the excuse for additional totalitarian control.  Let’s not forget, it was Hitler who first founded the green movement and first used the environmental movement, not for the basis for genuine concern about the environment, but as a basis for getting control over every detail over people’s lives so they couldn’t argue back.  That’s what this is really all about. . . .  I get criticized all the time as to why I don’t just stick to the science.  I say somebody has to tell the truth, not only about the science, but also about the politics.

Lord Monckton believes there is climate change, but he does not believe man has anything to do with it.  Lord Monckton says science will ultimately back up that claim.  Why the recent push on climate change that is also called global warming?  Lord Monckton says, “I think they are panicking because they know that this process  . . . cannot be kept going for very much longer because . . . it’s been 25 years since the UN produces a report saying we were all doomed, and since then, the rate of warming has been half of what they predicted and well below their entire range of estimates.”  Also, former Vice President Al Gore predicted the polar ice caps would be melted by now.  Just the opposite has happened, as Lord Monckton points out, “If you took the Artic and the Antarctic together, global sea ice was the greatest it’s been throughout the 35 years of the satellite era.  It is greater than it has ever been before.”

Lord Monckton closes by saying, “God Bless America, and in light of what’s to come, if we don’t stop it, God Bless us all.”

Join Greg Hunter for an in-depth interview with Lord Christopher Monckton.

(There is much, much more in the in-depth video interview.)

After the Interview:

Lord Monckton says he is simply a “seeker after truth.” If you would like to read Lord Monckton’s peer reviewed research paper on the Chinese Academy of Sciences website, click here.  Lord Monckton says if he’s correct, this may ultimately prove to the world that man-made global warming is a false narrative, and there is no need for taxes and regulation to combat it.

Paul Craig Roberts – The Whole World Is Staring Down The Barrel Of A Gun As Global Collapse Looms

Paul Craig Roberts – The Whole World Is Staring Down The Barrel Of A Gun As Global Collapse Looms

In the aftermath of last week’s black swan announcement by the Swiss and on the heels of the ECB’s announcement that they are going to inject $1.3 trillion of stimulus into Europe’s beleaguered banking system and bond market, today former U.S. Treasury official, Dr. Paul Craig Roberts, warned King World News that the whole world is staring at the barrel of a gun as global collapse looms.

Eric King:  “The ECB just made the announcement that they are planning to inject $1.3 trillion in stimulus into the European banking system and bond markets.  What is this really all about?”

Dr. Paul Craig Roberts:  “Eric, we now have the yen being printed in vast quantities.  The Fed has supposedly stopped printing the U.S. dollar but it really hasn’t because during the period of quantitative easing the banks received $2.6 trillion.  All that money is available and will continue to be used to buy bonds.  Of course the Fed itself has $4.5 trillion on its balance sheet and as it receives interest payments it will also continue to buy bonds.

So you have quantitative easing in Japan, in the United States, and now we have it once again in Europe.  So the three large currencies — yen, dollar, and euro — are being created at an alarming rate….

“The effect of this  is that it forces other countries to print money so that their own currencies don’t soar in value relative to the yen, dollar, and euro, which would undermine their export markets and economies.  One country has already broken ranks from these insane policies.  The Swiss realized that they could not possibly keep the peg intact, so they abandoned that last week in the announcement that shocked the world.

King World News - Roberts 1:22:2015

Whole World Staring Down The Barrel Of A Gun

So we have a situation where the United States, the EU, and Japan have the whole world staring down the barrel of a gun.  They are forcing inflation on the entire world.  You have to ask yourself:  Why do the United States, Japan, and the EU have a right to do this and who benefits?  Well, the answer is that the elite benefit from this policy.  This a way of further enriching a tiny amount of people at the expense of everybody else in the world.  This is all about enriching the elite.  That’s all this is about, and the rest of the population in the world is paying for it.”

Terrifying Warning

Eric King:  “Today Egon von Greyerz, the man who predicted collapse of the euro against the Swiss franc just 52 days ago, made the frightening prediction of total global collapse.  Greyerz said that all of the central banks are bankrupt and that’s why the world’s financial system will not survive and a total global collapse is in front of us — your thoughts on this ominous warning from Greyerz.”

Dr. Roberts:  “He is right that we are facing a global collapse.  Central banks have paid 100 cents on the dollar for assets that may not even be worth one cent on the dollar.  What’s also driving the world to economic collapse is the fact that the central banks are recklessly printing unprecedented amounts of fiat money to keep their global Ponzi scheme going.

Horrific Situation

So you have these unprecedented amounts of fiat paper money hanging over the global economy.  This vast amount of paper money has not been matched by real economic production.  It’s the implication of that horrific circumstance that will also cause the global collapse.  

What would it have meant if Switzerland had continued to hold the currency peg?  It would have meant the Swiss would have ended up with a much larger money supply then the entire annual Gross National Product of Switzerland.  The implications of that are hard to fathom.  It would have meant that there were more Swiss francs in existence than could be used to buy up all the annual goods and service produced by Switzerland.

Mega-Catastrophe To Destroy Average Citizen

And there is a complicity by the elite who are caught up in this unprecedented global money printing scheme.  They are all caught up in the corruption.  But at some point people will realize this is worse than a Ponzi scheme.  They will realize this insane policy has the world headed for collapse.

All of this corruption is overwhelming to sensible people.  So the central banks are only serving the interests of the elite and that is where the collapse will come from.  There is no connection between the monetary policy in the United States, Europe, and Japan, and the people.  In fact, the elite have the entire world headed for a mega-catastrophe that is sure to financially destroy the average person and send the world into total chaos.” ***ALSO JUST RELEASED: Man Who Predicted Collapse Of Euro Against Swiss Franc Makes Second Terrifying Prediction CLICK HERE.

Source:  http://kingworldnews.com/paul-craig-roberts-whole-world-staring-barrel-gun-global-collapse-looms/

The Shadow of Tomorrow

Revolution

The Forthcoming CSI Event

By JC Collins

When President Obama stated last night in his State of the Union Address that the “shadow of crisis has passed” it perfectly set the stage for the next phase of the CSI, or Cultural and Socioeconomic Interception.  The CSI is a prolonged and multi-scripted methodology which is implemented over years and decades to engineer specific adjustments to the collective awareness of  mass populations.

The economic manipulation from external forces in the years leading up to the French Revolution, and the script which shifted the blame onto the the monarchy, is one such example of the CSI procedure.  Another is the recent representation of Russia and Putin in the western media as the aggressor in the Ukraine situation.  The script is rolled out through the mass media in segmented flashes with just enough time in between to lull the viewer into a state of apathy and acceptance.

The CSI is not one single event, or a false flag incident, such as the Reichstag Fire in Nazi Germany or  the Great Fire of London in 1666, but is a series of acutely engineered scripts which are melded together by the single false flag events.  See post The First False Flags – Money Changers and the Great Fire of London in 1666, for a more detailed explanation of the CSI.

Back in the beginning of 2014 I began to explain how a method of the Hegelian Dialectic was going to be used in transitioning the world from the unipolar USD based financial system to the multilateral SDR based financial system.  It was stated that the process of “problem, reaction, solution” would herd and manipulate the mass populations of the world into accepting the supra-sovereign governance of the global institutions.

Each region of the world has different and unique circumstances which require different and unique modifications to the CSI process.  These micro scripts are intended to consolidate within the larger macro script as the full transition begins to manifest in the broader economy.

The micro CSI scripting is unfolding at a furious pace over the last few months, with increasing frequency in the last few weeks.  The script of the economic recovery in America is the most obvious CSI which has been presented to the masses, and with the State of the Union speech last night, along with the “shadow of crisis has passed” phrase, we can determine that the recovery CSI has now been closed.

This analysis is extremely important because the macro CSI which has been slowly unfolding since the financial crisis of 2008, mainly from the emerging economies, such as the BRICS countries, and the Euroasian Trade Union, as well as some of the international institutions, has been promoting the script of systemic imbalances which have been caused by the USD reserve structure.

The script calls for a multilateral monetary framework to replace the unipolar USD framework.  The shift away from a USD system, and the imbalances which have been created over the decades, such as exchange rate volatility and account deficits, will no doubt cause some dramatic lows and highs across the financial world.  Some of the highs and lows are clearly visible today as the USD appreciates and drives further depreciation into any currency that is pegged to it.

As the multilateral continues to be implemented, this existing exchange rate structure will begin to fracture, as we witnessed last week with the Swiss franc, and the dollars held in the foreign reserve accounts of central banks around the world will be converted or exchanged for alternative liquidity, such as SDR bonds.

The recovery CSI has given the American banking and industry interests, represented in the colorful composition of the Democratic and Republican parties, the ability and confidence to shift-blame the massive deflation in the international financial system on external entities.

The script will read something like “external factors outside of American control have reversed the recovery and hard work of average Americans”.  This script will focus mass awareness away from the coming internal governance measures, (required to integrate America into the multilateral system) and focus the confused and disappointed apathy of the masses onto whatever foreign and external source that is built into the macro script.

Any internal emotion will be swallowed in whole by manufactured racial tension and other methods of civil unrest.

The melding of the “American recovery” CSI script and the macro multilateral CSI script will require an “event” of undetermined characteristics and methodology.  Now that the “recovery” script has been closed, we can expect to see this “event” take place at any time.

The “event” could be a geopolitical false flag, or some form of “sudden” crisis in the global financial system, or a combination of both.  The candidates vary from an expansion of proxy wars in Ukraine and Syria, a sudden crisis between North and South Korea, or a fragmentation of the euro currency and consolidation of the European Union into the Euroasian Trade Union, and any other number of possibilities.

Perhaps an engineered global revolution with the end result clearly defined as a multilateral framework which “will reduce systemic corruption and correct financial imbalances”.

The intent of this post is not to scare or fear monger, which is why I carefully choose the words and language I use, but to bring awareness to the CSI process and how it is being implemented throughout mass populations around the world. It requires abstract thinking and the ability to recognize repeating patterns across the socioeconomic and geopolitical spheres.

The World Economic Forum and the IMF today called for a “central bank of oil”, which is code for regulating the oil pricing mechanism and ultimately using the SDR as the unit of account for not just oil, but all other commodities. This CSI scripting fits perfectly with what we have been discussing for the last year in regards to the multilateral transition.  So far our analysis has been correct on both the methodology and scripting practices of the transition.

All central banks around the world are implementing their own micro CSI script for the purpose of shifting upward into the macro CSI script.  This also includes Russia and China, both of which have been the most vocal about the need for the multilateral framework.

We are all like the people of France in the years and months leading up to the French Revolution.  Please don’t accept any scripting which promotes the idea of the source of the problem becoming the solution to the problem.  The French had no idea what hit them.  We do.    – JC

Admiral: U.S. could have ousted Gadhafi peacefully

This is how it is done, has always been. Notice how “Everybody” knew AHEAD of time. That’s why all these “Congressional Hearings” on TV are a joke meant to entertain Mickey Mouse and a few sheeple.

Brokered deal but Obama chose to arm al-Qaida-linked ‘rebels’

col_gadhafi

NEW YORK – As the allied bombing of Libya began in 2011, the Obama administration rejected an offer by Moammar Gadhafi to engage in negotiations to abdicate, according to a retired U.S. Navy officer who says he was prepared to broker the deal.

Instead, the U.S. decided to provide weapons to “rebels” consisting of al-Qaida-related local Libyan militia and members of the Libyan Muslim Brotherhood, contends retired Rear Adm. Chuck Kubic.

Kubic began email and telephone contact March 21, 2011, between Tripoli and AFRICOM in Stuttgart, Germany, to broker an offer by Gadhafi to engage in talks with the U.S. under a white flag of truce, according to testimony he provided the Citizens Commission on Benghazi.

As WND reported Monday, the commission – comprised of 17 retired admirals and generals; former intelligence agents; active anti-terrorist experts; media specialists; and former congressmen – has been conducting its own investigation and working behind the scenes for the past year and a half to ensure Congress uncovers the truth of what happened in Benghazi and holds people accountable.

WND reported Tuesday the commission found in an interim report that the Obama White House and the State Department under the management of Secretary of State Hillary Clinton “changed sides in the war on terror” in 2011 by implementing a policy of facilitating the delivery of weapons to the al-Qaida-dominated rebel militias in Libya attempting to oust Gadhafi.

As WND previously reported on Tuesday, the Citizens Commission on Benghazi has concluded the State Department then under the direction of Secretary of State Hillary Clinton authorized Christopher Stevens prior to the fall of Qadhafi to enter Libya at Benghazi from a cargo ship, where he implemented an Obama administration policy of facilitating the delivery of weapons to the al-Qaida-controlled rebel militias in Libya attempting to oust Gadhafi from power.

The commission’s April 2014 interim report said the war in Libya continued “and ultimately cost tens of thousands of lives.”

“The U.S. failure to even consider Gadhafi’s request for talks, and its determination to enter and pursue this war in support of al-Qaida-linked rebels, presents the appearance of a policy intent upon empowering Islamic forces with no measurable benefit to U.S. national security,” the report said.

The Citizens Commission on Benghazi involves a group of 17 now retired admirals and generals, former intelligence agents, active anti-terrorist experts, media specialists, and former members of Congress organized

The commission was organized in 2013 by Accuracy in Media Editor Roger Aronoff along with three retired military officers: Navy Adm. James Lyons, Army Maj. Gen. Paul Vallely and Air Force Lt. Gen. Thomas McInerney.

Their interim report said Gadhafi “expressed his willingness to abdicate shortly after the beginning of the 2011 Libyan revolt, but the U.S. ignored his calls for a truce, which led to extensive loss of life (including four Americans), chaos, and detrimental outcomes for U.S. national security objectives across the region.”

In the following days, the report said, Gadhafi “expressed interest in a truce, and possible abdication and exile out of Libya.”

“He even pulled his forces back from several Libyan cities as a sign of good faith.”

The report detailed the precise chain of communications with the U.S. government regarding the possibility Gadhafi would abdicate and obviate the need for the U.S. to join with NATO to back the al-Qaida-affiliated militia seeking to depose the dictator.

Kubic, according to the report, telephoned Lt. Col. Brian Linvill, the U.S. AFRICOM point of contact for all military matters regarding the Libyan situation, to “advise him of Gadhafi’s desire to enter into military-to-military discussions.”

Gen. Carter Ham was advised immediately on 21 March 21, 2011, of the communications and conveyed them up his chain of command to the Pentagon.

The Obama administration, however, expressed no apparent interest in pursuing the possibility Gadhafi might step down from power in Libya, the report said.

After two days of communication with the Libyans, however, Ham had received no consent from Washington, D.C., to pursue Gadhafi’s offer.

The consequences of rejecting Gadhafi’s offer to step down were dire, the interim report detailed, leading to the Obama administration “changing sides” in Libya to support and help arm the al-Qaida-related Islamic militia and Libyan Muslim Brotherhood members planning to launch a violent rebellion to oust Gadhafi.

“About the time the bombing of Libya by U.S. and European forces under NATO started around March 19, 2011, I became aware through intermediaries that Gadhafi was ready to step aside and go into exile,” Kubic explained to WND in an exclusive interview. “I was talking through intermediaries to Gadhafi’s top military commanders and the command center at Stuttgart, but I never spoke directly with General Ham.”

Kubic explained he was trying to facilitate a 72-hour truce to conduct discussions between opposing battlefield commanders, Ham for AFRICOM and Gen. Abubaker Saad for the Libyans.

“I was concerned there were too many politicians and diplomats involved, but Gadhafi trusted his generals, and I thought that from a military perspective pursuant to the laws of war this would be the best way to do it,” Kubic continued.

Kubic explained what he was trying to achieve: “This resonated with AFRICOM, so we drafted up proposal and there were phone calls between Tripoli and Stuttgart.

“Under the 72-hour truce, the military commanders from both sides would meet either ashore at Tripoli or afloat, and there would be observers from the African Union to police the truce. The goal was to negotiate a cease-fire, and the purpose was to get Gadhafi’s abdication and his subsequent either internal or external exile.

Kubic said that as an expression of good faith, AFRICOM asked Gadhafi to pull back at Benghazi, “and AFRICOM was able to observe Gadhafi complying and pulling back.”

Kubic noted that part of the initial agreement was for Ham to make a public statement that the U.S. was not targeting Gadhafi.

The condition was partially met in a Department of Defense news briefing held by Vice Admiral Gortney in Washington on behalf of AFRICOM on March 20, 2011.

Gortney said he could “guarantee” that Gadhafi was not on a target list for the U.S. joint operation with European forces under NATO in Operation Odyssey Dawn, the U.S. military code name for the U.S. military involvement in Libya.

Then, also on March 21, 2011, in a televised news briefing from Germany, Ham, in response to press questions, stressed the U.S. military was not targeting Gadhafi.

“Everything seemed to be set and there was a lot of enthusiasm that we could stop this crisis in Libya before it got out of hand,” he continued.

Gadhafi had two conditions, Kubic explained.

“He wanted to ensure that there was a residual military force left in Libya to oppose the al-Qaida forces he knew were operating in Libya, and he wanted safe passage for his family and friends,” he said.

“The Libyan military, as part of the discussions, wanted to leave one or two of Gadhafi’s top generals who would continue to command the military forces to make sure Libya remained stable after Gadhafi abdicated and to insure al-Qaida didn’t take over the country.”

Suddenly, Kubic was informed the U.S. did not want to proceed with the discussions. The idea of a 72-hour cease-fire was “off,” and AFRICOM was ordered “to stand down” form truce talks.

“AFRICOM thought Gadhafi’s conditions were reasonable, and we were just in the process of settling where the truce talks would be held, when AFRICOM told me that everything had been called off,” Kubic said.

“I then asked to speak with Gen. Ham and was told the decision was reached above his head. I then asked who at the Pentagon I needed to see and was told the decision came from outside the Pentagon,” he continued.

“I found it hard to understand that we have a Nobel Peace Prize winner in the White House and President Obama was not willing to give peace a chance in Libya for 72 hours,” Kubic said.

“I don’t know if the decision came from the White House or from Hillary Clinton at the State Department,” he said, “but the advice for me from AFRICOM was to basically just leave everything alone, to simply stand down.”

Yet that was not the end of the story.

“I was told by an authoritative source in the U.S. government that an intelligence memorandum was prepared on the negotiations that went to President Obama in its raw form. And this was the document that basically gave the actual intelligence on the al-Qaida elements that were part of the Libyan revolution,” Kubic said.

“All these negotiations happened in the period of March 19-22, 2011, and the intelligence document given the president was created on March 24, 2011,” Kubic noted. “It was on March 29, 2011, that President Obama signed the finding authorizing the United States to arm the rebels.”

Confirming Kubic’s timeline, Reuters reported March 30, 2011, that Obama “has signed a secret order authorizing covert U.S. government support for rebel forces seeking to oust Libyan leader Muammar Gadhafi,” citing government officials.

Reuters further reported the “presidential finding” signed by Obama was “a principal form of presidential directive used to authorize secret operations by the Central Intelligence Agency.”

Did Obama administration brief GOP?

Former CIA agent Kevin Shipp, a member of the Citizens Commission on Benghazi, said he believes House Majority Leader John Boehner and other members of the “Gang of Eight” in Congress were briefed by the Obama administration on Ambassador Christopher Stevens’ involvement with the CIA was in Benghazi.

Shipp spent 17 years with the CIA counter-intelligence, counter-terrorism, human intelligence operations and internal security. He also was a program manager of the State Department’s Diplomatic Security, Anti-Terrorism Assistance global police training program.

Among his roles was working on the 7th floor at Langley conducting protective duties for then-CIA Director William Casey.

In his interview with WND, Shipp made clear he was speaking on the record for himself, not representing the views of the Citizens Commission on Benghazi or of the views of any of the other members.

The “Gang of Eight” leaders in Congress, who are regularly briefed by the White House on intelligence matters, are the speaker of the House, the House minority leader, the Senate majority and minority leaders and the chairmen and ranking members of the House Permanent Select Committee on Intelligence and the Senate Select Committee on Intelligence.

In the 113th Congress from 2012-2014, the Republican members were House Speaker John Boehner; then-Senate Minority Leader Mitch McConnell; Rep. Mike Rogers, R-Mich., chairman of the House Permanent Select Committee on Intelligence; and Saxby Chambliss, R-Ga., ranking member of the Senate Select Committee on Intelligence.

“I think the GOP Gang of Eight, including Boehner, have guilty knowledge of everything the Obama administration and the State Department conducted in Libya,” Shipp said.

“Even when it got to the ultimate goal of Christopher Stevens diverting weapons up with the assistance of Qatar and Saudi Arabia of diverting weapons from Libya up through Turkey to the rebels in Syria, the GOP Gang of Eight, with security clearances, would have been briefed in advance of the operation.”

Shipp continued: “In my opinion Boehner and the other GOP members of the Gang of Eight would have been witting of the gun-running activities the CIA and State Department were conducting in Libya from the very beginning. When everything went wrong and Stevens was killed in the 9/11 terrorist attacks, it’s my belief Boehner and none of the other GOP members of the Gang of Eight wanted the American public to know they had anything to do with it.”

Kubic told WND he could not confirm the Gang of Eight had received an intelligence briefing on the presidential finding Obama signed March 29, 2011, authorizing the CIA to support the Libyan al-Qaida-affiliated rebels in their military efforts to oust Gadhafi.

“In this particular case, I don’t know whether the Gang of Eight was briefed, whether they were partially briefed and not given the whole story, or whether they were really not briefed at all,” Kubic cautioned.

He said it’s a matter for the House Select Committee on Benghazi, headed by Rep. Gowdy, R-S.C.

Did GOP leaders know of al-Qaida affiliation

On April 22, 2011, Sen. John McCain, R-Ariz., publicly called for support of Libya’s rebels in their rebellion to oust Gadhafi.

“They are my heroes,” McCain told reporters as he out of a hotel in Benghazi after having toured a rebel stronghold, NBC’s Richard Engel reported.

Engel said that McCain, “one of the strongest proponents in Congress of the U.S. military intervention in Libya, said he planned to meet with the rebel National Transition Council, the de-facto government in the eastern half of the country.”

NBC further reported McCain “said at a news conference Friday that all nations should recognize the council as the legitimate voice of the Libyan people.”

Engel quoted McCain saying: “I would encourage every nation, especially the United States, to recognize the Transitional National Council as the legitimate voice of the Libyan people.”

On May 2, 2011, after being informed privately by a phone call from the White House in advance of Obama’s nationally televised announcement that Osama Bin Laden had been killed by U.S. Special Forces operating in Pakistan, House Speaker John Boehner put out a statement: “This is great news for the security of the American people and a victory in our continued fight against al-Qaida and radical extremism around the world.”

‘Papered silent with security agreements’

Shipp explained both Republican and Democratic White Houses require the Gang of Eight to sign secrecy agreements before receiving classified administration briefings on foreign policy and intelligence matters.

“The White House papers everybody briefed in Congress with secrecy agreements,” he said. “This agreement threatens the possibility of criminal prosecution if any classified information is leaked to the public in an unauthorized fashion.”

He noted a member of the House or Senate could be removed from office for violation of the agreement.

“These agreements are powerful instruments of persuasion.”

Shipp questioned whether the Benghazi gun-running operation was classified “above top secret,” meaning Boehner and the other GOP members would face severe penalties, including the possibility of criminal prosecution, if any leaked the information.

Or, he asked, was it possible the GOP leadership believed Obama signing of the Presidential Finding on March 29, 2011, authorizing the CIA to support the Libyan rebels would have implied his approval of the gun-running activities subsequently undertaken by the CIA in conjunction with the State Department?

Shipp acknowledged that a criminal or, even worse, a traitorous White House could use the secrecy agreements to ensure silence.

“Unfortunately, that could happen,” he said. “If the CIA wants to conceal an operation, they classify it at a very high level and they paper Congress with a secrecy agreement such that you are bound for life.”

Shipp emphasized how ironclad the CIA-executed secrecy agreements were.

“Any disclosure of information in an unauthorized fashion could result in prison time,” he said. “The document makes it clear that anyone who signs it can never mention the operation or any connection to the operation. Even if the information comes out in a public forum, you can’t so much as confirm a news report, because just confirming information can be considered a violation of the security agreement.”

A ‘de facto, third-party assassination’

Shipp discussed his concerns that the Obama administration shifted ground in Libya and refused to accept Gadhafi’s offer to abdicate.

“Gadhafi had established diplomatic relations with the United States and we had an embassy in Libya,” Shipp noted.

“One of the most astounding parts of this whole thing is that Gadhafi had destroyed his stash of WMDs (Weapons of Mass Destruction), and he was providing us with a steady stream of intelligence on al-Qaida movements in Libya,” he said.

Shipp said Gadhafi “was collaborating with us as an ally, so for the Obama administration, the White House national security team and the State Department to break off contact with Gadhafi was amazing, especially when he was asking to step down and seek asylum.”

Shipp expressed his continued amazement the Obama administration stood by not only while Libyan rebel forces aligned with al-Qaida toppled Gadhafi, but also killed him.

“It amounted to a de facto, third-party assassination committed ultimately by the United States, if you ask my opinion,” he concluded.

“Why would we completely destabilize Libya when the leader was trying to be our ally is a huge question that falls into a pattern of the Obama administration and his national security advisers supporting Islamic rebel movements, including now supporting the Free Syrian Army, over what could be a more stable solution.”

Shipp speculated on why the Obama administration began covering up the truth about Benghazi, attributing the attack to the reaction to a Youtube video that insulted Islam’s founder, Muhammad.

“What the Obama administration was terrified about, in my view, was the American public knowing the CIA and State Department were running guns secretly into Libya before Gadhafi was deposed, that the guns got into the hands of al-Qaida, and that the guns ended up bound for Syria,” he said.

“Those events put together could be looked at even as traitorous, in my opinion, if the facts ever came out to the American public.”

The Gears Are Grinding Down

Publication1

It has become common knowledge in the mining industry here in Canada that the large oil companies began holding strategy sessions over a year ago to address this downturn in the market.  The “sustainable cost reduction strategies” were slow in coming at first but are now being developed and implemented from one day to the next.

The industry is witnessing layoffs in the tens of thousands with more to come.  For each energy sector job lost there will be 4 or more service industry jobs lost as well.  This spider web of cause and effect will mean a slow down in the broader economy with reduced revenues for everything from local pubs and restaurants, to clothing stores and regional manufacturers.

The planning sessions which  began a year ago tell us that this market turn was not happenstance.  The communication lines between the heads of the energy companies and trans-border banks have intersected with the mandates of the international institutions which are engineering and implementing the economic transition to a multilateral framework.

The deflation which we have discussed throughout the last year is now descending in full force.  This deflation is allowing for a massive contraction of the money supply to facilitate the transformation of each segment of the international monetary system.

Massive deflation leads to massive liquidation for the purpose of increasing cash balances.  As everything from real estate to commodities decrease in valuation we are witnessing a large liquidation of physical assets, such as mining and construction equipment, recreational vehicles, televisions, and everything else that companies and individuals can sell for cash in hand.

This increase in cash balances can be considered an increase in the quality of money. An increase in the quality of money will likely facilitate the transformation of our current fiat based money system to a commodity based system. Quality of money based on commodities as opposed to fiat issuance will lead to an eventual flood of savings from stocks and bonds to savings accounts.

The danger in this natural progression of quality capital from stocks and bonds to saving accounts is underscored by the bail-in threat posed by the larger institutions and governments.  But it is these same banking and investment institutions and governments which deflation will harm the most.  Though innocent “losers” will be sacrificed during the deflationary period, the imbalances in the system which have been built over the decades, when corrected, will ensure that corruption will be dramatically reduced, if only for a few years before the imbalances begin to manifest in the system once again.

The imbalances as defined in the Triffin Paradox, or more appropriately, the USD global reserve system, has allowed for a gross misalignment and mutation of the global monetary structures.  These imbalances have manifested throughout the international architecture as large stock market increases, unsustainable energy costs, such as oil, as well as real estate valuations, and easy access to capital.

The deflation which is now taking place will level these imbalances and allow for the rise of high quality capital. This quality capital will make the transition to a commodity based multilateral monetary structure more efficient and timely.

Every monetary policy which has been implemented by the central banks and financial institutions since the crisis of 2008 has been  for the purpose of holding back deflation.  Now that those tools, such as QE, are being retracted from the system, we are witnessing the deflation which is required to correct the imbalances and allow for the transition to the multilateral structure.

The storyline is also beginning to be distributed amongst the global media outlets that monetary stimuli by central banks is no longer working and that the accountability and mandates of the central banks will need to be more aligned with the macro economic mandates of the multilateral institutions.

In the post The Globalization of Central Banks we reviewed how the architecture of central banks will be consolidated within this larger mandate.  No longer will domestic growth be the only objective of central banks.  The larger imbalances created within the international monetary structure by promoting only domestic monetary policies will no longer be allowed.

Managing Director of the International Monetary Fund Christine Lagarde has again called for the implementation of a multilateral framework, and the financial and geopolitical strategies which are now unfolding support this process.

The recent moves by Russia and its central bank are remarkable when considered as methods of disengaging from the USD system. Converting the USD held in its foreign reserve accounts for rubles is diversifying the global monetary structure, and is more about facilitating the multilateral transition and reforming the monetary framework as opposed to replacing the existing USD framework.

The geopolitical move by Russia to change the natural gas routes into Europe is primarily concerned with decreasing the violence in Ukraine by removing the need for that particular strategic position.  The attempts of America to maintain economic and geopolitical control over regions of the world which it has controlled under the USD system, such as Europe and Saudi Arabia, as well as Korea, among others, are fraught with the dysfunction of continuing unsuccessful isolationist policies.

The coup yesterday which took place in Yemen is very telling of the geopolitical positioning which has been allowed to take place.  Think of it like a company having to reduce its operating costs.  The CEO and CFO of the company state that $2 billion has to be cut from the operating budget and the internal policies of the company have to be adjusted to facilitate joint venture projects in regions of the world which are normally outside of it’s existing growth structure.

Each division within the company is responsible for their own cost reductions and policy adjustments. Yet each division is primarily focused on an industry sector which can no longer operate independently from the larger whole.

The larger monetary mandates which are being handed down by the Bank for International Settlements are being implemented much like an international corporation would transform itself while attempting to grow as it becomes a part of a multilateral framework.

The flex allowed in the transition has been taken advantage of by western interests as America attempts to stop Europe from being ripped away from its strategic influence.  The inevitable fragmentation of the euro, and potentially even the European Union, should be obvious to most at this point.  European countries will position themselves with their eastern trade partners as represented in the Eurasian trade union, with the United Kingdom ultimately maintaining its allegiance with the North American continent.

The moving parts of this transition, along with the implementation schedule, is difficult to capture in one single post, but the gears keep moving and deflation pushes deeper.  The fact that gold and the USD are both appreciating together is the harbinger of the multilateral.  The fundamentals of the monetary system are now being directed by the multilateral structure as it begins to push up from underneath the ruinous imbalances of the fragmenting USD system.   – JC

http://philosophyofmetrics.com/2015/01/20/the-gears-are-grinding-down/#more-2045

50,000 Wall Street jobs cut

Source:  http://nypost.com/2015/01/17/50000-wall-street-jobs-cut/

There’s blood on the Street.

In a wild swing of the ax that has shocked many pundits, Wall Street’s biggest banks have slashed nearly 50,000 jobs, and bonuses and expense money are being cut as profit opportunities dry up.

And there’s no easy way out, analysts say, because the Fed’s quantitative easing that once rescued the financial system with trillions of cheap dollars is — at least for now — history.

But while some analysts were unnerved by the carnage announced by banks last week during their earnings calls, the warning signs were there before — from lower trading and commodities revenues to currency risks and long-term interest rates that have trended lower.

The fourth quarter saw thousands more workers fired. Total reductions for 2014 were about 20,000 at Brian Moynihan’s Bank of America; 10,000 at Citigroup led by Michael Corbat; and 10,000 at Jaime Dimon’s JP Morgan. Morgan Stanley reports on Tuesday.

Many job losses were already flagged — attributed, for example, to a decline in servicing of delinquent loans as banks cleared troubled mortgages. But analysts also see brutal cost-cutting.

“Look, I think head count in the banking industry is likely to decline,” said CLSA investment group bank analyst Mike Mayo. “And if this environment remains, headcount would get significantly reduced.”

By Mayo’s calculations, bank revenues are the weakest in eight decades, a shocking throwback to the Great Depression.

And the carnage is ongoing as global growth slows and commodity prices and currency movement roil the markets.

“I think there have been heavy potential and paper losses at this point. Clearly, nobody bet properly on oil — nobody thought it was going to be below 50 a barrel,” said Tim Quast, president of market analytics firm ModernIR.

Even mighty Goldman Sachs didn’t escape last week’s destruction. Although the firm reported fourth-quarter earnings a tad better than forecast on Friday, that came from painful expense-shearing as revenues, hurt by a plunge in bond trading, posted a nauseating double-digit decline. Declines in bond activity also rocked JPMorgan, Citigroup and Bank of America.