Archive for April, 2015

Real solutions to the inevitable economic implosion

April 22, 2015

From here:

economy tsunamiThis is the sixth installment of a series. Read the first installment, <a “nofollow”=”” href=”; target=”_blank”>“One last look at the real economy before it implodes,”  the second installment, <a “nofollow”=”” href=””>“<a “nofollow”=”” href=”; target=”_blank”>The steady derailment of the U.S. financial system,” the third installment, <a “nofollow”=”” href=”; target=”_blank”>“The magic of establishment economics,” the fourth, <a “nofollow”=”” href=”; target=”_blank”>“The U.S. is being made economically irrelevant,” and the fifth, <a “nofollow”=”” href=”; target=”_blank”>“The endgame has arrived.” 

All problems, all crises, have at least one solution, if not many solutions. There is no such thing as an unwinnable scenario. Some people may not be smart enough or courageous enough to see it, but the solution is always there, waiting to be discovered. The only fight that cannot be won is the fight in which the enemy makes all the rules and we foolishly abide by those rules. Life is not a game of chess, and a man can choose to be more than a pawn anytime he has the guts to do so.

In the past, I have likened the liberty movement to a rebellion against the game itself, a group of people willing to walk away from the chess board and make their own rules. I stand by that assertion. However, walking away is not enough by itself; we must also be willing to take actions that will destroy the game entirely.

In order to accomplish this task, any rebellion against corruption of power must be self-critical — more self-critical of its own weaknesses than opposing propagandists could ever be. Most of our problems as a society are being caused by a relatively small number of elitists, but we will never be able to undo these problems without understanding our weaknesses as much as the enemy’s weaknesses. In this final installment of my six-part series, I will talk about real solutions to the inevitable economic implosion in front of us, but I will also discuss the shortcomings of the liberty movement as an obstacle to any success.

As noted in the fifth installment of this series, segments of the liberty movement have fallen into a trap of biased assumption when it comes to their gullible embrace of the false East/West paradigm. I find it a little sad at times when I come across freedom activists who worship the footsteps of Henry Kissinger/International Monetary Fund puppet Vladimir Putin, or those who cheer for a globalist petri dish like China, all because they hate American imperialism so much they have decided to cheerlead for the “lesser of two evils.” There is no difference between those who buy into the false East/West paradigm and those who buy into the false left/right political paradigm. There is no “good guy” in the world of geopolitical maneuvering. East or West, it is all irrelevant because both sides serve the same international interests. Those who refuse to recognize this fact will be utterly incompetent in terms of presenting practical solutions because they will still be caught inside the elitist game.

Another issue within the liberty movement is an inability by some to consider where the endgame will actually lead. I know very well that there are 1,001 theories out there as to what the globalists actually want to achieve, which is why I look at the evidence at hand. The best evidence is to look at what the globalists say they plan to do, as they are apt to do in random fits of arrogance. It is important to understand that the elites often cannot help themselves and are desperate to boast of their activities before said activities are a forgone conclusion. Some analysts in recent history have presented undeniable admission by the elites, yet some activists still bicker about the enemy’s intent.

Whether it be the surprising words of insiders like Carroll Quigley, or the in-depth investigations of Antony Sutton, or the quotable quotes of frothing Fabian socialists, there is indeed a distinct strategy in play, namely the strategy of order out of chaos. And in terms of economics, there is a distinct goal, namely the integration of national currencies into a single global basket system (the special drawing rights, or SDR) controlled by the IMF and the Bank for International Settlements. I do not “believe” this is the goal; I know this is the goal because the elites have for decades openly admitted to it in articles like “Get Ready For The Phoenix” published by the Rothschild-owned The Economist in 1988, which stated that a global currency system will be established under the auspices of the SDR by 2018.

Further information on this plan can be found in my article <a “nofollow”=”” href=”; target=”_blank”>“The economic endgame explained.”

As I have shown with ample evidence throughout this series, the U.S. is on the verge of fiscal collapse, the dollar is already in the process of losing its world reserve status, the East is just as subservient to the reset plan as the West, and all of this is in preparation for an engineered disaster that will anesthetize the masses and prepare them for a shift toward total centralization.

Solutions require us to first grasp the fundamental nature of the greater threat. The cold, hard truth is that we as a movement for freedom are alone in the fight against globalization. There are no nation states to fall back on. There is no safe region on the planet to run away to. No white knight is coming to our rescue, and any embrace of the East will end only in co-option and defeat for liberty activists.

Believe it or not, though, I am still an optimist.

Knowing the scale of the threat gives clarity to our response. The movement stands alone, therefore, we must act without naively waiting for outside aid. We must take on an attitude of self-reliance.

The gravity of our situation also reveals to us what solutions actually have merit and those that present false hopes. I have seen numerous attempts at silver-bullet solutions in the movement over the past decade, from useless and intangible crypto-currencies to pyramid schemes designed to generate enough revenue to “sue” the Federal Reserve to blind armed marches on Washington planned by tactically retarded spokesman to even more national election drives wasting even more money and more energy on candidates that may mean well but have no chance at defusing the economic time bomb already ticking away.

If the solution presented seems too easy, then it is probably nonsense. If someone is trying to sell you on the idea that no sacrifice, no struggle and no pain will be required to defeat globalism, then they are probably a con man trying to take something from you, whether it be your money or your common sense. Throughout history, the only real solutions to real problems — economic, social or political — require much pain and sacrifice. To change the world for the better, to fight for the truth, you must be willing to take risks up to an including risking your life, otherwise failure is guaranteed.

I do not believe in silver-bullet solutions. I do not believe there is a path of “least resistance.” The following methods are not academic. They are not philosophical. They will not appeal to egghead libertarians obsessed with theory rather than practice. And they will not appeal to self-proclaimed pacifists terrified of consequence and public perception. These are difficult actions, and I expect only the bravest people will implement them.


If you want to undermine a concerted campaign of globalization, you must generate an opposing system. The opposite of tyranny is voluntarism. The opposite of collectivism is individualism. The opposite of globalism is localism.

Localism is economic organization based upon the methodology of self-reliance. While globalism forces people, cities, states and countries to become interdependent and unable to survive or prosper without each other, localism brings internal economic stability and removes dependency. If all communities were based on localism and independent fiscal strength, such redundancy would make widespread financial collapse a thing of the past.

While globalism is a top down model in which all decisions and power bottleneck at the peak of the pyramid, localism is a bottom up grass-roots initiative in which no one has power over the lives of others. But in order for localism to become a reality, these things must be accomplished.

Real preparedness

Self-reliance requires preparedness. There is no way around it. There is no such thing as crisis for those who are prepared. This means placing oneself in a position to provide the necessities of life so that one does not become a slave to need. Desperation often leads to moral relativism, and tyrants thrive on the moral weakness of a population. The more prepared an individual is, the more likely he is to fight back against despotism. The more prepared a community is, the less that community will feel inclined to request aid from those who might leverage such aid to oppress that community.

Preparedness can also include commodity investment by individuals and networks of individuals. While beans, bullets and Band-Aids are a priority, no one can deny the trend of foreign central banks stockpiling precious metals. And this stockpiling is clearly being done as a parallel measure to de-dollarization. Metals are useful during windows of time just before collapse and after rebuilding has begun. They are a back-up. They are not a solution by themselves.

Real production

Americans, in particular, will have to become producers again. And by production I mean useful items, useful skills and useful ideas, rather than frivolous attempts to sustain our avarice and empty materialism. Do you have the skills to produce food, clean water, shelter, warmth or energy? Are you able to invent or reimagine useful tools? Can you repair useful items? Do you have any experience with hard labor whatsoever? If you have answered in the negative to these questions, then you have a lot of work ahead of you to learn what you can in the time we have left. If you were to approach a group of people today and try to convince them of your value as a producer, what would you tell them? If you were thrust into an economic system in which barter was the primary means of wealth circulation, what would you trade that people would actually want?

This is not necessarily a call for Americans to revert back to 18th century living; it is a call for Americans to reclaim their heritage of entrepreneurship and adaptability. Globalism is merely feudal mercantilism wearing a modernized mask. It is globalism that is taking us back to the Dark Ages. And only localism can bring us into a future where technical achievement works for the common man rather than against him.

Real community

At this stage in our society, collectivism has nearly decimated all vestiges of true community. Today, people have no clue who their neighbors are and most of them do not want to know. They have little to no interaction with their surroundings beyond superficial consumerism, and they see every other person around them as a competitor rather than an ally. Their idea of the “greater good” is a mentally deranged one. For them, the state is the root source of safety and communal coherency rather than the citizenry, and their neighbors are not to be trusted.

Collectivism isolates people from each other to the point that their only means of feeling a connection with their fellow man is to do so through support of the establishment control grid. Participation in the totalitarian framework becomes a shallow replacement for participation in the world around us. By paying taxes, blindly supporting a war, giving to international charities and voting once every two to four years, we fool ourselves into believing we are a part of a “team” and that our civic duty has been fulfilled.

This terrible cycle can be broken, but it takes the effort of individuals going out and actively building relationships with others of like mind. The liberty movement in particular should be forming groups and associations all over the country — not just to complain about the condition of the nation, but to take tangible actions. Mutual aid and barter groups, neighborhood watches and community preparedness teams, business ventures and engineering projects are all useful means of organization. These organizations will not form themselves. You must make them happen.

Real self-defense

As I discussed in my article “If you are not thinking tactically you are not a survivalist,” self-defense is an imperative that simply cannot be denied. This defense must include preparation for all enemies, foreign and domestic, and corrupt government is not excluded.

Economic collapse is very often followed by an increase in oppressive state power. And in the end, the establishment does not relinquish power over the citizenry unless it is forced to do so. All honorable people should endeavor to become dangerous people, the more dangerous the better.

Voices expressing nihilism and futility are rarely constructive and should be ignored. Frankly, I find such cowardice stomach churning. There may very well come a day in which you will have to decide between freedom or absolute slavery. The size, strength and technological advancement of the enemy should have no bearing whatsoever on the choice to fight for freedom. Again, there is no problem without a solution if you have the courage to seek it. I hope that my joint project with Oath Keepers on how to build a working thermal evasion suit, due to be released in the next few weeks, will provide a good example as to why a technologically advanced tyranny is still vulnerable to a resourceful citizenry.

Real grass-roots expansion

There has always been a lot of talk within the liberty movement of “nullification.” But ultimately, the philosophy of nullification is useless unless it comes from a position of strength. Federal overreach will not stop simply because a state happens to pass a bill denying the establishment full access. In Montana, medical marijuana legalization was crushed by the Feds despite state recognition. They simply marched in and arrested on drug charges anyone who dared open up shop, and the state did nothing to stop it. This is just one example of many in which nullification failed because people refused to accept that written law is meaningless unless it is backed by a vigilant public.

I suspect that as the overall economic implosion becomes more obvious to average people, there will be some counties and states that develop a desire for nullification on a grand scale. Americans will want resource implementation to provide wealth protection. And some states have more than enough resources to offset a national financial disaster, or at least stop that disaster at their borders. This would require the complete dissolution of numerous federal laws prohibiting resource development.

Such dissolution will not be successful unless counties and states have enough strong grass-roots communities in place to defend against federal intrusion — or at least make the idea so costly and prohibitive that they have second thoughts. Each smaller liberty group linking with other liberty groups can eventually create this kind of expansion. This is, of course, a best-case scenario. County and state organization should take a backseat to neighborhood and town organization until wider expansion becomes realistic.

The collapse itself could easily be prolonged through a series of smaller catastrophes; or it could happen in a matter of days, depending on the trigger. For now, it appears that the U.S. is to be worn down to nothing as the IMF works closely with the BRICS to promote the SDR basket system. All nations will be negatively affected by this shift, but some will be hurt far more than others. War is certainly a possibility and would make for great cover as the IMF’s global reset is enacted. I can’t speak much to this kind of event other than to say that regardless of what happens, the IMF and the BIS will remain neutral, waiting until the conflicts subside so that they can step in as “heroes” ready to rebuild the world.

The liberty movement must also be ready to rebuild, and our ideal must be fully formed if we are to compete with the globalists. The most difficult reality of all is the reality that economic implosion is the end of one era and the beginning of a new battle. Our fight will not only be against the machinations of elitists, but also to convince the world that the way of independence and freedom is more useful and preferable than the way of collectivist peasantry. Collapse is already upon us; now we must decide who will determine what happens next.

–Brandon Smith

The endgame has arrived

April 22, 2015

From here:


This is the fourth installment of a series. Read the first installment, <a “nofollow”=”” href=”; target=”_blank”>“One last look at the real economy before it implodes,”  the second installment, <a “nofollow”=”” href=””>“<a “nofollow”=”” href=”; target=”_blank”>The steady derailment of the U.S. financial system,” the third installment, <a “nofollow”=”” href=”; target=”_blank”>“The magic of establishment economics,” and the fourth, <a “nofollow”=”” href=”; target=”_blank”>“The U.S. is being made economically irrelevant.”

Since I began writing analysis for the liberty movement more than eight years ago, I have always said that we will know when the endgame of the globalists is upon us when the criminals come out into the light of day and admit to their crimes. At that moment, it will be because they no longer fear either the repercussions or their plans being obstructed.

As I plan to show in this installment of my series on the hidden fiscal collapse of America, the endgame has indeed arrived. At the very least, the international elites seem to think success is within their grasp, for they now openly expose their own criminality. But they do so in a way that attempts to divert blame or to rationalize their actions as being for the “greater good.”

In “The U.S. is being made economically irrelevant,” I discussed the reality of the false East/West paradigm and the fact that the “conflict” between Eastern and Western interests is nothing more than Kabuki theater constructed by globalists and designed to mesmerize the masses. You see, the problem with most people is that they tend to let their innate sense of tribalism drive them to take sides in war without understanding the fundamental root of that war. In most cases, they believe one side must be “good” and one side must be “bad.” Globalists understand this weakness of human collectivism, and they exploit it as often as possible. They create conflicts from out of the void, conflict in which both sides are controlled. Then, they let the masses fumble like idiots trying to set the noose around the other guy’s neck.

The East/West paradigm is just another in a long line of false confrontations engineered by the elites, but it is one that is most dangerous to the liberty movement itself. In our rage over the destruction of freedom and prosperity within our country, some of us have come to assume that the source of all that is unholy bubbles at the heart of U.S. corporate and government activity and that the East is in the midst of some kind of rebellion. This is simply nonsense.

Recently, a reader sent me a link that reminded me of comments made by Rep. Louis T. McFadden, chairman of the House Banking Committee, on May 4, 1933. In the wake of his battle against the Federal Reserve, he said: “… the treacherous signing away of American rights at the 7-power conference at London in July 1931 … put the Federal Reserve System under the control of the Bank of International Settlements.”

Even in 1933, there were some people who could see that the Federal Reserve was just an errand boy, an economic hit man for a more powerful entity. Sadly, McFadden died in 1936 from coronary thrombosis before he could make any headway in his crusade. The truth he stamped into the public record, though, lives on; and it is a truth that many people just don’t want to hear. It is easier to quantify the threat of the Federal Reserve. It is easier to believe that the Fed either controls the game or (for the more sheep-minded citizenry) that the Fed is a harmless “quasi-governmental body.” Many of us in the movement want to believe it is the gateway to the seventh circle of hell because if the Fed dies, then we win. And the Fed appears to be killable, most notably in light of certain actions on the part of the East. Unfortunately, the problem is far more complex.

As McFadden exposed, the Fed is merely a tentacle, one of many slithering at the behest of a larger vampire squid. The Bank for International Settlements appears to be the eye of the leviathan. I have been happy to see that the BIS is gaining more and more attention from the alternative media as a primary threat to the stability of the world. Zero Hedge published a very interesting article on the BIS banking cabal recently, excerpted from a book by Adam LeBor and titled “Meet The Secretive Group That Runs The World.”

Of course, this is not the first exposé on the BIS. Even Harper’s published a surprisingly honest (though only half the story) piece on the bank, titled “Ruling The World Of Money,” back in 1983. In it, the magazine claims that “…the unabashed purpose of its elite monthly meetings is to coordinate and, if possible, to control all monetary activities in the industrialized world.”

Any central bank that ends up on the membership roster of the BIS should be for all intents and purposes considered controlled by the BIS. This includes the central banks of Eastern nations supposedly in opposition to Western power. The very beginning history of the BIS is stained with blood, since it financially played both sides of World War II and aided the funding of the Nazi apparatus. Keep in mind that Germany, Japan and the Allies were all members of the BIS from 1931 on and remained members through the war. Bankers have been pitting countries against each other for a very long time, and they have no loyalties to any particular nation.

The BIS had to fade into the background for a time after its partnership with fascists was made public after the war. So the elites formed yet another monstrosity, the International Monetary Fund, to take its place in the public eye. However, the BIS continues to this day to pull the strings of the world’s central banks and, by extension, the world’s governments.

The strategy of engineered conflict has not changed. I have written numerous articles on the undeniable collusion between Russia and the IMF, including the avid Russian support for the IMF’s new global reserve currency, the Special Drawing Rights. You can read those articles here, here and here.

Vladimir Putin and the Kremlin have continued their love affair with the IMF since 2009, when they called for the SDR to become the world reserve currency.

Last year, Putin reasserted the goal of the BRICS to become more involved (enveloped) in the IMF system:

In the BRICS case we see a whole set of coinciding strategic interests. First of all, this is the common intention to reform the international monetary and financial system. In the present form it is unjust to the BRICS countries and to new economies in general. We should take a more active part in the IMF and the World Bank’s decision-making system. The international monetary system itself depends a lot on the US dollar, or, to be precise, on the monetary and financial policy of the US authorities. The BRICS countries want to change this.

I also have been covering the Chinese shift away from the dollar and into the arms of the IMF’s currency basket for years.

The great lie today is that China and Russia are anti-New World Order. Yet as I discussed in my last article, China (and Russia) have consistently called for a global conversion into the SDR basket system, and they want this system to be run by the IMF. The IMF, in turn, has consistently called for the end of the dollar as the world reserve currency and has openly embraced institutions like the new Asian regional bank, the AIIB, which is dominated by China, despite the fact that many people wrongly believe that the AIIB is somehow “competition” to the IMF or World Bank.

This excerpt comes from the International Business Times:

World Bank managing director Mulyani Indrawati told Xinhua in an interview.

“We will definitely open for cooperation with AIIB [sic]. Even now, we are working very closely in the beginning and looking at the setting, principle and framework of this institution.”

She also dismissed worries that the AIIB will compete against the World Bank or existing regional development banks and noted the global need for infrastructure is huge to accommodate multiple organisations.

Speaking at the opening of the China Development Forum in Beijing, IMF chief Christine Lagarde said the IMF would be “delighted” to co-operate with AIIB, and the institutions have “massive” room for cooperation.

More on the history of China and its partnership with the New World Order can be found in James Corbett’s excellent video analysis here.

At the level of international banking and monetary policy, there is absolutely no indication of any legitimate conflict between the East and the West. Again, such battles are only theater for the masses. But what purpose does this theater serve?

The fake economic war between East and West provides cover and rationale for the true goal of the internationalists: the destruction of the dollar as the world reserve currency and the ascendency of the SDR global monetary system. The endgame of the bankers is, of course, global government. It has been the longtime dream of the Fabian socialists permeating the central banking universe. A global currency system and centralized economic management are first-step psychological weapons against the public. If the world operates on a singular currency mechanism and a singular economic authority, why not have a singular governmental system as well?

The mistake many liberty movement analysts make is the assumption that the internationalists are somehow dedicated to U.S. interests. The idea that globalists have any loyalties to any sovereign government is a ridiculous notion. Fabians hate sovereign separations between nations (as much as they hate individual liberties), and they seek to ultimately destroy all boundaries for the sake of a singular global fiscal-political edifice.

But the elites cannot simply kill the dollar and replace it outright. They need a magic trick, a smoke-and-mirrors hologram, a sexy assistant in a sequined bathing suit and fireworks galore while they pull their global basket reserve out of a top hat. The false East/West paradigm is the perfect distraction. What better way to destroy the dollar and conjure a new world reserve than to pit one block of nations you dominate against the other block of nations you dominate and blame the resulting economic catastrophe on “sovereign nationalism,” which you also plan to erase in due course?

The elites are preparing for this event, and they are not content only to trigger it then sit back and watch it happen. They also hope to construct a new image for themselves as the prophets who tried to warn the world — the financial “sages” who would be our rescuers.

The criminals are coming into the light, and they are wearing the masks of saviors.

Alan Greenspan is now suddenly a staunch promoter of economic caution, warning that “something big … a significant market event …” is about to happen, and that gold is now a good investment as opposed to the dollar.

Janet Yellen has openly conceded that cash is not a convenient store of value.

Jamie Dimon is getting in on the prognosticator action, asserting that another financial crisis is coming.

The IMF now consistently warns of “shadow banking risks” bringing disaster to the economic environment.

The World Bank has been polite enough to warn the public that “now is the time to prepare for the next crisis.”

The BIS now produces statements on a regular basis predicting a possible “violent reversal of global markets,” just as it conveniently alerted the public to the possibility of credit collapse in 2007 right before the derivatives crisis.

Literally every elitist and his drunken uncle publicly discuss the danger of another market crash. That’s a rather stark reversal from a few years ago when recovery was a mainstream absolute, Bernanke was being called a hero and fiat stimulus was the fountain of youth. How would they know that such an event is coming? They built the conditions by which a collapse is inevitable, and now they want to purify themselves in the waters of Lake Minnetonka and absolve their institutions of all future ugliness.

I would like to point out, though, that banker warnings of volatility and crisis are generally given far too late for average people to act accordingly. I would also like to point out that the rising chorus of mainstream voices giving predictions of destabilization are also marginalizing and isolating the U.S. and the Federal Reserve as the root cause. The U.S. is nothing more than a storefront for elitist activities. And the Federal Reserve is a tentacle that can be sacrificed if it means achieving total centralization. All signs and evidence point to what the IMF calls the “great global economic reset.” The plans for this reset do not include U.S. prosperity or a thriving dollar.

–Brandon Smith

The U.S. is being made economically irrelevant

April 22, 2015

From here:

dollar bubble about to burstThis is the fourth installment of a series. Read the first installment, <a “nofollow”=”” href=”; target=”_blank”>“One last look at the real economy before it implodes,”  the second installment, <a “nofollow”=”” href=””>“<a “nofollow”=”” href=”; target=”_blank”>The steady derailment of the U.S. financial system,” and the third installment, <a “nofollow”=”” href=”; target=”_blank”>“The magic of establishment economics.”

In the first three installments of this series, we examined the realities behind supply and demand, unemployment and personal debt, and national debt. As has been proven in each consecutive article with ample evidence, mainstream establishment numbers are, for the most part, utter garbage. They are not legitimate. They are meaningless.

The figures and stats that do have some truth to them are so obscured from the public view and unreported by the media that they may as well be state secrets. The average person has no clue of their existence because his primary sources of information are establishment-dominated. Even MSM talking heads and economic “analysts” are so mesmerized by the false version of the economic world that they have no point of reference when suddenly confronted with singular facts. Some people call this catastrophic behavior a “positive feedback loop.” It is a mainstream echo chamber that has become a financial tomb.

Now that I have covered the lies within our economy that I can prove absolutely, it is time to move on to the lies that are more difficult to pin down. These lies often slip through our fingers because the hard data that could be used to expose them is simply not available to the general public. In fact, much of the data is not even available to government officials. I am, of course, talking about the hard data behind the activities of central banks across the globe — the International Monetary Fund, the Bank for International Settlements and the Federal Reserve in particular. In this installment, we will explore the imminent destruction of our currency — by hook, by crook and by fiat.

In “The magic of establishment economics,” real U.S. liabilities were revealed to far exceed official stats given by the Treasury Department (upward of $200 trillion currently owed, not owed in some distant future where none of us will be alive to worry about it). The debt singularity most responsible for this problem has been created through entitlement programs, as well as a Social Security program that the government uses as its own personal slush fund, triggering a debt accumulation of more than $8 trillion per year.

How does our government (or any government with a central bank) continue to function monetarily if it is generating far more debt than it will ever be able to pay off in tax revenues? Well, our system does not “function.” It just refuses to fully die. And it does this through fiat money creation.

The quantitative easing programs, which allowed the Federal Reserve to conjure massive stores of fiat money out of thin air and purchase U.S. Treasury bonds (among other things), were a blatantly open admission by bureaucrats and central bankers alike that the government has not been capable of sustaining its own operations without fiat aid.

I’ll say it again: QE programs are in and of themselves hard evidence of government insolvency.

One might argue, though, that since the finalization of the taper and the end of QE3 and the bailout programs overall, our system must be amply flush with cash yet again. Why else would the taper have been instituted? I would argue and have argued in the past that the taper was instituted not in preparation for economic recovery, but in preparation for economic collapse. The bailouts have stopped because they no longer serve any purpose in propping up the false economy.

For instance, the inspector general for the Federal Housing Finance Agency (FHFA) is now suggesting yet another bailout for socialist New Deal failures Fannie Mae and Freddie Mac, after the Obama administration reserved the right to take all profits from the conservatorship beginning in 2012. Yes, all that money that Fannie and Freddie supposedly made and paid back didn’t make an ounce of difference, as the federal government now steals profits in order to pay off other debts. In the meantime, companies like Blackstone reap the benefits as they purchase and bid on hundreds of thousands of homes for pennies on the dollar, turn them into rentals and artificially support the illusion of a housing recovery in the United States. (I would also note that Blackstone has conveniently served as an “adviser” to the U.S. Treasury throughout the Fannie/Freddie bailouts.)

As referenced in “One last look at the real economy before it implodes,” stimulus measures have absolutely failed to inspire any semblance of recovery in consumer demand, and global demand for goods is imploding.

As referenced in “The steady derailment of the U.S. financial system,” real employment has not improved throughout the duration of the Troubled Asset Relief Program, quantitative easing and zero interest-rate policy. In fact, it only seems to have stalled unemployment at about 23 percent.

As referenced in “The magic of establishment economics,” stimulus actions have only served to create even more unmitigated debt while producing no tangible results other than a massive bubble in stock markets.

Poverty is at record levels. Welfare demand is at record levels. Average wages are falling, and prices on essential goods (except oil at this time) are rising. Global demand is visibly sliding into the same territory as in 2008. Housing markets have become a corporately boosted feudalistic farce. And unemployment continues at a depressing level; meanwhile, people aren’t even counted as unemployed anymore because they’ve been jobless for so long.

At this point, at the onset of spring 2015, I think it is safe to say that alternative economic analysts have been right all along in our assertions that central bank stimulus measures are completely useless. Though some of the slimier day traders like to argue that they “tripled their profits” during the stimulus period and our “doom and gloom” means nothing to them, in their naivety they would be missing the bigger picture. You don’t play the collapse. In the end, the collapse will play you.

Now, it would seem as though the Federal Reserve has failed in every aspect of its bailout quest. But what are the consequences of this debacle? It’s the displacement of U.S. economic standing. The U.S. is being made economically irrelevant.

China has surpassed the U.S. as the world’s largest exporter/importer and has long been far superior to the U.S. in manufacturing capability, making China the most valuable economic partner in the world. According to the IMF, China is now superior to the U.S. and is the largest economy on the planet.

China has now launched its regional Asian Development Bank, a kind of Asian World Bank. And nearly 50 countries, including numerous European allies to the U.S., have rushed to sign on.

The talk is even growing within mainstream circles that China is about to decouple from the U.S. economy and, along with the BRICS nations, structure a new Asian-centric financial system that will “stick it” to the Western financial elites. This, however, is too simplistic a notion.

We are talking about the real economy in this series; and in the real economy, no nation with a central bank actually “breaks” from the New World Order. In fact, all conflicts between the East and West are only serving to further the cause of globalists and Fabian socialists.

China alone does not have the capacity to replace the U.S. as a primary driver for the global economy, nor does it have the capacity to replace the dollar as a world reserve currency. This is not China’s goal. It never has been China’s goal. China’s only purpose in its historic fiscal expansion has been to achieve inclusion in what the IMF calls the “global economic reset.” Part of this reset is the introduction of the IMF global currency basket system, or Special Drawing Rights (SDR), as a kind of centralized control mechanism for all currencies around the world. The IMF and China have continuously called for the SDR basket system to replace the U.S. dollar as the world reserve currency.

Despite the hopes of some alternative writers that China will somehow break the chains of the central banking monopoly, every Chinese action since at least 2008 has been in preparation to become a full slave nation under the control of IMF policy. China has now officially submitted its currency (the Yuan) for inclusion as a reserve currency in the SDR basket.

The IMF conference on the SDR, which takes place every five years, is set to begin preliminaries in May and finish in October or November. It is widely expected that China’s currency will indeed be included in the SDR this year and that the U.S. will have little capacity to stop such a development. That’s because American veto power within the IMF is likely to be removed, due to a lack of approval on funding measures and policy changes put to Congress in 2010.

Avid enthusiasm for China’s new regional bank has put the U.S. on the defensive, as supposed allies are joining the chorus calling for China to join the SDR.

This would make the Yuan the first currency not fully convertible to join the SDR basket. Meaning, it is difficult to directly invest in Yuan compared to investing in dollars. But this is exactly what the IMF wants.

The Asian Times put it rather bluntly but honestly:

Currently, central banks can’t include yuan holdings in their foreign exchange reserves. However, via inclusion in the SDR basket, the currency will effectively enjoy a “back door” where convertibility is concerned. The upshot, according to Citibank, means increased yuan demand from central banks and further integration of the currency into global capital market flows.

Importantly, China has espoused an “internationalisation” of reserve currencies away from U.S. dollar hegemony and dependencies on local economic fluctuations on exchange rates and stability. The yuan inclusion in the basket would be a step towards a more multi-lateral currency world. While full convertibility may still be far away, China’s ability to have a global reserve currency may soon be upon us.

Yes, that’s right. The SDR is being pushed as a reserve alternative to the dollar, and the dollar is being marginalized. China’s inclusion in the SDR will help this process. And as China becomes a currency powerhouse in its role as the No. 1 economy in the world, the only way central banks around the planet can benefit or “invest” in the Yuan is by stockpiling SDRs. This is how a global currency cycle begins. The beneficiaries are the IMF and those elites who desperately want a totally centralized global economic system.

In the meantime, as the dollar loses its world reserve status, it loses the only pillar of support keeping its value somewhat stable. As the dollar falls, U.S. citizens will be reduced to Second World and Third World economic expectations. Employment and wages will continue to dissolve, while the margins between the “haves” and “have nots” will continue to grow. In the worst-case scenario, total chaos would result followed by international intervention to “save us” from ourselves. Our currency would likely be permanently pegged to the SDR basket, just as Argentina’s was pegged to our dollar after its collapse. And the IMF would own the U.S. rather than the U.S. owning the IMF, as is the common delusion.

As stated earlier, Federal Reserve stimulus actions “seem” to have failed miserably. Now our nation is facing a firestorm. But the Federal Reserve has not failed in its mission. The Fed’s purpose is not to defend the stability of the U.S. economy and the dollar; the Fed’s purpose is to destroy the stability of the U.S. economy and the dollar. Thus, the Fed has succeeded in its mission. And I believe a full audit of Fed policies and actions would prove this fact beyond a doubt.

I will continue to outline the endgame for globalization that is under way in the next installment of this series, including how central banks in foreign nations collude with each other and are managed by supranational entities like the IMF and the BIS. The implosion of America serves a very particular purpose. It is not a product of blind coincidence, fate, political stupidity or corporate greed. It is an engineered event meant to clear the way for an even more sinister economic environment designed to enslave us all.

–Brandon Smith

Why the Left Wants Iran to Get the Bomb

April 12, 2015

From here:

Before Global Warming posters hung on the dingy walls of American classrooms, the atomic bomb was the original Great Bogeyman of the left. Nothing quite so demonstrated the madness of our war machine as our willingness to deploy weapons of mass destruction to stop Communism in its tracks.

The self-righteous antics over nuclear weapons in literature, art, film, at protests and in papers are far too numerous to document. But you can still spot the occasional clunker with “One nuclear bomb can ruin your whole day” or “You can’t hug a child with nuclear arms” peeling off one lopsided bumper.

Just don’t expect its owner to oppose Iran’s nuclear program over its day-ruining hug-denying nature.

What made nuclear weapons and nuclear power plants bad was not that they killed children, mutated fish or doomed mankind. There was nothing wrong with Plutonium or Uranium. In Iranian or Soviet hands they are perfectly good substances. It’s when Uncle Sam gets his hands on them that they go bad.

Soviet nuclear weapons were never the problem. Now anti-nuclear activists are defending Iran’s nuclear program because they were never really opposed to nuclear weapons; they were opposed to America.

The anti-nuclear crowd isn’t against nuclear power plants or even nuclear missiles; otherwise it would be on the front lines campaigning against Obama’s nuclear sellout to Iran, instead of supporting it.

The Campaign for Nuclear Disarmament, which claims to be against everything from nuclear power to depleted uranium, cheered the Iran deal. Ploughshares campaigns against WMDs while linking up with Iran’s lobby. The Bulletin of the Atomic Scientists is on the same page. The organization’s motto, “70 Years Speaking Knowledge to Power”, communicates that it isn’t against nukes. It is against “Power”.

The United States is defined as possessing that intangible quality of “Power”. Not Iran, which is a victim of American “Power”.  In his New York Timesinterview with Thomas Friedman, Obama said that he had told his team to be sensitive to the “defensive Iran that feels vulnerable”. That’s the Iranian inner child that, according to Obama, was scarred by the United States in the past. Nukes are just its radioactive security blanket against American imperialism. Our power is the problem. Not their nukes.

There is a long history of such reasoning dating back to spy-scientists like Ted Hall and Alan Nunn May passing along nuclear secrets to the USSR to prevent a US nuclear monopoly. And the May case was very nearly covered up because it would have interfered with a plan to demilitarize the bomb and bring the USSR into the club. As would so often be the case, the distinction between traitors and Democrats was that the former acted unilaterally while the latter put the stamp of considered policy on their treason.

Having created an atomic crisis by helping the USSR get the bomb, the left would then spend the bulk of the Cold War denouncing the “madmen” in the Pentagon for a mass destructive stalemate that the left had sought. It was not the Pentagon which wanted to see the world balanced on the brink of destruction. It was the left which had broken the “American monopoly” that had wanted it to happen.

And once it did, the left turned a crisis that it caused into its own pet cause by promoting unilateral disarmament. Having destroyed the American monopoly, it sought to leave America utterly helpless.

There has never been a credible plan for a world without nuclear weapons. The only plan that has ever existed is a plan for a world without American nuclear weapons. Nuclear proliferation was one of the means of realizing that goal. A nuclear crisis brings disarmament talk to the forefront.

The best possible way to promote the agenda of American disarmament is by helping Iran get the bomb.

After his original inauguration, Obama talked of a “world without nuclear weapons”. But what he really meant was a world without American weapons.

“As the only nuclear power to have used a nuclear weapon, the United States has a moral responsibility to act,” Obama said in that same speech. “We cannot succeed in this endeavor alone, but we can lead it, we can start it.”

The only American Exceptionalism that Obama has ever believed in is an exceptional American guilt. As the first country to have used a nuclear weapon, against an empire that was engaged in genocide and cannibalism, America has to give up its weapons first. American nuclear weapons are tainted in ways that no other weapons are. Our nukes are bad nukes. Everyone else’s nukes are good nukes.

The credibility of the other side doesn’t matter. As a dog returns to its vomit, Obama and the left eagerly tried to wrap up disarmament in a deal with Moscow despite a long history of nuclear treaty fraud. When Putin decided to take advantage of Obama’s flexibility by invading Ukraine, there was always Iran. And there has even been talk of renewing negotiations with North Korea. And why shouldn’t there be?

The Iran deal is just a replay of the terrible ideas that the Clintons used to let Kim Jong-Il go nuclear.

Disarmament is never the objective. Instead the negotiations invariably allow the other side to increase its arsenal and capabilities. That is what they are designed to do.

The left does not believe that nuclear weapons are evil. It did not believe that Soviet nuclear weapons were evil. It does not believe that Iran’s nuclear program is evil. It believes that American power is evil.

Iranian nuclear weapons are good because they weaken America. Like Soviet nuclear weapons, they undermine American power. They force the United States to “negotiate” and submit to international law. The more nuclear weapons spread, the more the “hawks” will have to realize that they have no option but to disarm the United States and put their faith in some international order to achieve peace.

That has always been the endgame.

The Council on Foreign Relations’ Foreign Affairs magazine had already run a piece promising that an Iranian nuclear bomb would bring stability to the region. As usual the word does not mean what you think it might. Stability is yet another euphemism for weakening the American coalition to create a new balance of power through Iranian power.

The same arguments now being deployed in favor of the Iran deal will later be redeployed to argue that Iran’s nuclear weapons will actually create stability. And as a bonus, Iran will be able to drive up the price of oil which means more Green Energy subsidies. For the left, that’s a win-win scenario.

The spy-scientists claimed to be concerned with the “safety of mankind” rather than such petty trifles as the security and freedom of the United States and its allies. Today men and women who think like them run the United States. And they are not concerned with the United States, but with “mankind”.

Obama intends to cut a nuclear deal with Iran on any terms and even on no terms at all. He intends to do it for the same old reasons. It’s not just about Israel, though as with regime change in Egypt, undermining the Jewish State is a nice bonus because it further weakens America.

A stronger Iran means a weaker America. And the left believes that a weaker America means a better world.



“Multicultural martyrdom” = “Muslicultural MASOCHISM.”

Masochists pretend to “control” their fears (in stead of trying to learn to recognize and fix mistakes and solve problems by paying attention to their fears) BY causing the pains they fear.

(Hence libertine liberalism, where they pretend that it’s noble to pretend that fear doesn’t exist, and so always want to “progress” to “freedom” from the feaful pain of self-restraint).

It’s why they admire the “noble savage” ideal (muslims) propensity for mindless innocent-attacking and victim-blaming violence… libs wish they could just cut loose, attacking everyone around them every time reality frustrates them.

This masochism syndrome is also used to pretend they have the so-called “moral high ground:”

“If and when (I PRETEND TO AGREE WITH YOU THAT) you say you’re better than me, then it’s all YOUR fault. And, since it’s all your fault, then NONE of it’s MY fault (so I’m still better than you)! Whee!”

This also sums up their inherent criminal negligence: “Screw you – I MEANT to do that!”

In this way, they can pretend that they’re never wrong.

The difference between normal, healthy fear and cowardice, is that cowards fear (and so, focus on) their Fear (which is, after all, only the generalized memories of specific pains, projected to the future) AS being just as painful as the initial pains they feared.

It also explains their Sadism:

They always invite their most feared and painful counter-attacks BY attacking innocent others first.

This allows them to perpetually ‘risk’ embracing their worst-case scenarios and triumph (‘who dares wins’) because in doing so, they are always putitng their victims on the defensive, always playing catch-up to the criminal’s masochistic irrational and destructive fantasy schemes… always looking for the non-existent causes of the criminals’ alleged grievances, never quite realizing the atacks are doctrine-driven, not grievance driven (except in the most generalized slanderous terms) at all!

It almost gives them the same guilty thrill and reliefs from specific pains as normal people get from their own generalized memories of specific reliefs from pains (aka ‘Hope’) but where hope is a static ideal, the reliefs the criminals feel don’t last, because their fear-focus prioritizing triage is self-inflicted and dynamic; they create their own worst-case paranoia scenarios all the time, and so can never relax. Hence that “the evil are filled with a dark intensity” etc. observational quote. It explains their ‘depression’ and ‘bi-polar’ manic depression, and accounts for why liberals (criminals) have a higher rate of suicide than the innocent: eventually, they come to believe their own fatalistic lies as they try to perfect them to fool others. It’s a form of ongoing evolution, which unfortunately (or not LOL)! also affects their own children’s lives.

This self-inflicted slavery also allows them their perpetual defeatist and covertly sadistic “passive aggression” habit, and fake ennui, which also allows them to “fail upwards” (particularly in politics, which has been described as “the art of avoiding making decisions until the original reasons for having to make them have become irrelevant”)!

After all, if, with great power comes great responsibility, then the concommitant corrollary which comes with is can be summed up as “With no power comes NO responsibility!”

And liberals (like their muslim brethren) being criminals, ALWAYS want rights (like, to our stuff) without having any responsibilities (like, having to earn or otherwise pay for it)!