Sunday, March 31, 2013

This Is What It Feels Like To Have Your Life Savings Confiscated By The Global Elite

Michael Snyder
Economic Collapse
March 30, 2013

What would you do if you woke up one day and discovered that the banksters had “legally” stolen about 80 percent of your life savings?  Most people seem to assume that most of the depositors that are getting ripped off in Cyprus are “Russian oligarchs” or “wealthy European tycoons”, but the truth is that they are only just part of the story.  As you will see below, there are small businesses and aging retirees that have been absolutely devastated by the wealth confiscation that has taken place in Cyprus.  Many businesses can no longer meet their payrolls or pay their bills because their funds have been frozen, and many retirees have seen retirement plans that they have been working toward for decades absolutely destroyed in a matter of days.  Sometimes it can be hard to identify with events that are happening on the other side of the globe, but I want you to try to put yourself into their shoes for a few minutes.  How would you feel if something like this happened to you?
For example, just consider the case of one 65-year-old retiree that has had his life savings totally wiped out by the “wealth tax” in Cyprus.  His very sad story was recently featured by the Sydney Morning Herald
”Very bad, very, very bad,” says 65-year-old John Demetriou, rubbing tears from his lined face with thick fingers. ”I lost all my money.”
John now lives in the picturesque fishing village of Liopetri on Cyprus’ south coast. But for 35 years he lived at Bondi Junction and worked days, nights and weekends in Sydney markets selling jewellery and imitation jewellery.
He had left Cyprus in the early 1970s at the height of its war with Turkey, taking his wife and young children to safety in Australia. He built a life from nothing and, gradually, a substantial nest egg. He retired to Cyprus in 2007 with about $1 million, his life savings.
He planned to spend it on his grandchildren – some of whom live in Cyprus – putting them through university and setting them up. There would be medical bills; he has a heart condition. The interest was paying for a comfortable retirement, and trips back to Australia. He also toyed with the idea of buying a boat.
He wanted to leave any big purchases a few years, to be sure this was where he would spend his retirement. There was no hurry. But now it is all gone.
”If I made the decision to stay, I was going to build a house,” John says. ”Unfortunately I didn’t make the decision yet.
”I went to sleep Friday as a rich man. I woke up a poor man.”
You can read the rest of the article right here.
How would you feel if you suddenly lost almost everything that you have been working for your entire life?
And many small and mid-size businesses have been ruined by the bank account confiscation that has taken place in Cyprus.
The following is a bank account statement that was originally posted on a Bitcoin forum that has gone absolutely viral all over the Internet.  One medium size IT business has lost a staggering amount of money because of the “bail-in” that is happening in Cyprus…




The following is what the poster of this screenshot had to say about what this is going to do to his business…
Over 700k of expropriated money will be used to repay country’s debt. Probably we will get back about 20% of this amount in 6-7 years.
I’m not Russian oligarch, but just European medium size IT business. Thousands of other companies around Cyprus have the same situation.
The business is definitely ruined, all Cypriot workers to be fired.
We are moving to small Caribbean country where authorities have more respect to people’s assets. Also we are thinking about using Bitcoin to pay wages and for payments between our partners.
Special thanks to:
- Jeroen Dijsselbloem
- Angela Merkel
- Manuel Barroso
- the rest of officials of “European Comission”
With each passing day, things just continue to get worse for those with deposits of over 100,000 euros in Cyprus.  A few hours ago, a Reuters story entitled “Big depositors in Cyprus to lose far more than feared” declared that the initial estimates of the losses by big depositors in Cyprus were much too low.
And of course the truth is that those that have had their deposits frozen will be very fortunate to ever see any of that money ever again.
But just a few weeks ago, the Central Bank of Cyprus was swearing that nothing like this could ever possibly happen.  Just check out the following memo from the Central Bank of Cyprus dated “11 February 2013″ that was recently posted on Zero Hedge



Sadly, the truth is that the politicians will lie to you all the way up until the very day that they confiscate your money.
You can believe our “leaders” when they swear that nothing like this will ever happen in the United States, in Canada or in other European nations if you want.
But I don’t believe them.
In fact, as an outstanding article by Ellen Brown recently detailed, the concept of a “bail-in” for “systemically important financial institutions” has been in the works for a long time…
Confiscating the customer deposits in Cyprus banks, it seems, was not a one-off, desperate idea of a few Eurozone “troika” officials scrambling to salvage their balance sheets. A joint paper by the US Federal Deposit Insurance Corporation and the Bank of England dated December 10, 2012, shows that these plans have been long in the making; that they originated with the G20 Financial Stability Board in Basel, Switzerland (discussed earlier here); and that the result will be to deliver clear title to the banks of depositor funds.
If you do not believe that what just happened in Cyprus could happen in the United States, you need to read the rest of her article.  The following is an extended excerpt from that article
*****
Although few depositors realize it, legally the bank owns the depositor’s funds as soon as they are put in the bank. Our money becomes the bank’s, and we become unsecured creditors holding IOUs or promises to pay. (See here and here.) But until now the bank has been obligated to pay the money back on demand in the form of cash. Under the FDIC-BOE plan, our IOUs will be converted into “bank equity.”  The bank will get the money and we will get stock in the bank. With any luck we may be able to sell the stock to someone else, but when and at what price? Most people keep a deposit account so they can have ready cash to pay the bills.
The 15-page FDIC-BOE document is called “Resolving Globally Active, Systemically Important, Financial Institutions.”  It begins by explaining that the 2008 banking crisis has made it clear that some other way besides taxpayer bailouts is needed to maintain “financial stability.” Evidently anticipating that the next financial collapse will be on a grander scale than either the taxpayers or Congress is willing to underwrite, the authors state:
An efficient path for returning the sound operations of the G-SIFI to the private sector would be provided by exchanging or converting a sufficient amount of the unsecured debt from the original creditors of the failed company [meaning the depositors] into equity [or stock]. In the U.S., the new equity would become capital in one or more newly formed operating entities. In the U.K., the same approach could be used, or the equity could be used to recapitalize the failing financial company itself—thus, the highest layer of surviving bailed-in creditors would become the owners of the resolved firm. In either country, the new equity holders would take on the corresponding risk of being shareholders in a financial institution.
No exception is indicated for “insured deposits” in the U.S., meaning those under $250,000, the deposits we thought were protected by FDIC insurance. This can hardly be an oversight, since it is the FDIC that is issuing the directive. The FDIC is an insurance company funded by premiums paid by private banks.  The directive is called a “resolution process,” defined elsewhere as a plan that “would be triggered in the event of the failure of an insurer . . . .” The only  mention of “insured deposits” is in connection with existing UK legislation, which the FDIC-BOE directive goes on to say is inadequate, implying that it needs to be modified or overridden.
*****
You can find the rest of her excellent article right here.  I would encourage everyone to especially pay attention to what she has to say about derivatives.
Sadly, what is happening in Cyprus right now is just the continuation of a trend.  In recent years, governments all over the world have turned to the confiscation of private wealth in order to solve their financial problems.  The following examples are from a recent article posted on Deviant Investor
October 2008 – Argentina’s leftist government, facing a gigantic revenue shortfall, proposes to nationalize all private pensions so as to meet national debt payments and avoid its second default in the decade.
November 2010 – Headline – Hungary Gives Its Citizens an Ultimatum: Move Your Private Pension Fund Assets to the State or Permanently Lose Your Pension – This is an effective nationalization of all pensions.
November 2010 – Ireland elects to appropriate ten billion euros from its National Pension Reserve Fund to help fund an eighty-five billion euro rescue package for its besieged banks. Ireland also moves to consider a regulatory move that compels some private Irish pension funds to hold more Irish government debt, thereby providing the state with a captive investor base but hugely raising the risk for savers.
December 2010 – France agrees to transfer twenty billion euros worth of assets belonging to its Fonds de Reserve pour les Retraites (FRR), the funded portion of its retirement system, to help pay off recurring social benefits costs. No pensioners are consulted.
April 2012 – Argentina announces that its Economy Ministry has taken an emergency loan from the national pension fund in the amount of $4.3 billion. No pensioners were consulted.
June 2012 – Treasury Secretary Timothy Geithner unilaterally appropriates $45 billion from US federal pension funds to help tide over US deficits for the remainder of fiscal year 2011.
January 2013 – Treasury Secretary Geithner again announces that the government has begun borrowing from the federal employees pension fund to keep operating without passing the approaching “fiscal cliff” debt limit. The move effectively creates $156 billion in borrowing authority from federal pension funds.
March 2013 – Open Bank Resolution finance minister, Bill English, is proposing a Cyprus style solution for potential New Zealand bank failures. The reserve bank is in the final stages of establishing a rescue scheme which will put all bank depositors on the hook for bailing out their banks. Depositors will overnight have their savings shaved by the amount needed to keep distressed banks afloat.
Can you see the pattern?
As I wrote about the other day, no bank account, no pension fund, no retirement account and no stock portfolio will be able to be considered 100% safe ever again.
And once the global derivatives casino melts down, there are going to be a lot of major banks that are going to need to be “bailed in”.
When that day arrives, they are going to try to come after your money.
So don’t leave your entire life savings sitting in a single bank – especially not one of the banks that has a tremendous amount of exposure toderivatives.
Hopefully we can get more people to wake up and realize what is happening.  We are moving into a time of great financial instability, and what worked in the past is not going to work in the future.
Be smart and get prepared while you still can.
Time is running out.

VIDEO: Gerald Celente On Gold, Silver, The Cyprus Heist And The Banksters Destruction Of The Global Economy



Friday, March 29, 2013

VIDEO: The Game Will End Quite Suddenly – All That Will Be Left is the Real Wealth That You Have in Your Friends, Skills, and Assets

Mac Slavo
SHTFPlan.com
March 27, 2013

The majority of Americans, and citizens of the world for that matter, have no concept of what money is or how it actually works. For most, money, whether in a paper roll or represented by digits on their computer screen, means wealth.
That the very issuance of money is creation of debt is simply not something most people can understand, or want to. For if they did, their entire world view would necessarily change.
Chris Duane of Truth Never Told explains the difference between modern money, wealth, and real assets:
The men that own this world know that in order to maintain control they must keep all the wealth to themselves, and have us chase after illusions of wealth.
This process has taken nearly a century to detach humanity from understanding what real wealth is.
Today there are very few that have ever even held a gold coin, much less owned one. Many of the objects that they have are merely consumer products that are almost worthless the day that they buy them.
The criminal elite first replaced real wealth of gold and silver, with paper receipts for them in the form of gold and silver certificates. They then removed the claim of the real wealth by creating fiat paper backed by legal tender laws and the threat of violence.
We know right off the bat that if someone has to threaten you to use it, it’s probably something you wouldn’t do willingly.
Now our money has become so detached from reality that most never even touch the paper claims on wealth that does not even exist.

At the end of all these schemes there will come a time where it is no longer profitable to maintain the illusion of wealth, and the game will end quite suddenly.
It will send shock waves through every aspect of our lives and nothing will ever be the same again.
All that will be left is the real wealth that you have in your friends, skills, and assets.
When the paper currency schemes of elite bankers come crashing down like they did this month in Cyprus or last month in Argentina, you’ll be positioned to thrive in a society that will be in a state of hopeless panic, as everything they believed to be reality is exposed for the illusion that it is.
Watch: You Will Never Look At Money The Same Again (via SGT Report):




It’s time to prepare for an environment where money as we have been taught to understand it no longer exists. Position yourself now with post-collapse skills and  assets that retain real value when the system goes belly-up.
Once they ‘tax’ your personal deposit or close your bank for a ‘holiday’ it’ll be too late.
The ‘event’ will come suddenly, when no one expects it.

Tuesday, March 26, 2013

Americans’ Economic Prospects And Civil Liberties Have Been Stolen

Paul Craig Roberts
Prison Planet.com
March 25, 2013

I receive numerous questions from readers about our economic situation and the condition of civil liberty. There is no way I can answer so many inquiries, and no need. I have written two books that provide the answers, and they are inexpensive. I have done my job. It is up to you to inform yourself. Kindle Reader software is available as a free online download that permits you to read ebooks in your own web browser. No Kindle device is required. Here are the URls for Apple and PC free downloads: Kindle for PC: http://www.amazon.com/gp/feature.html?ie=UTF8&docId=1000426311
Kindle for Mac: http://www.amazon.com/gp/feature.html?ie=UTF8&docId=1000464931
My latest, The Failure Of Laissez Faire Capitalism And Economic Dissolution of the West, is available as an ebook in English as of March 2013 from Amazon.com and from Barnes&Noble. My book is endorsed by Michael Hudson and Nomi Prims and has a 5 star rating from Amazon reviewers (as of March 23, 2013). Pam Martens’ review at Wall Street On Parade is available here:
http://wallstreetonparade.com/2013/03/paul-craig-roberts’-primer-on-why-the-great-recession-is-the-new-normal/
Libertarians who have not read the book have had an ideological knee-jerk reaction to the title. They demand to know how can I call the present system of crony capitalism laissez faire. I don’t. The current system of government supported crony capitalism is the end result of a 25-year process of deregulation. Deregulation did not produce libertarian nirvana. It produced economic concentration and crony capitalism.
Amazon provides as a free read the introduction by Johannes Maruschzik to the German edition. Below is my Introduction to my book.
Not only has your economy been stolen from you but also your civil liberties. My coauthor Lawrence Stratton and I provide the scary details of the entire story in The Tyranny of Good Intentions. In the US law is no longer a shield of the people against arbitrary government. Instead, law has been transformed into a weapon in the hands of the government.
Josie Appleton documents that in England also law has been turned into a weapon against the people. http://www.spiked-online.com/site/printable/13420/ Anglo-American law, the foundation of liberty and one of the greatest human achievements, lies in ruins.
Libertarians think that liberty is a natural right, and some Christians think that it is a God-given right. In fact, liberty is a human achievement, fought for by Englishmen over the centuries. In the late 17th century, the achievement of the Glorious Revolution was to hold the British government accountable to law. William Blackstone heralded the achievement in his famous Commentaries On The Laws Of England, a bestseller in pre-revolutionary America and the foundation of the US Constitution.


In the late 20th century and early 21st century, governments in the US and Great Britain chafed under the requirement that government, like the people, is ruled by law and took steps to free government from accountability to law.
Appleton says that the result is a “tectonic shift in the relationship between the state and the citizen.” Citizens of the US and UK are once again without the protection of law and subject to arbitrary arrests and indictments or to indefinite detention in the absence of indictments.
In the US, citizens can be detained indefinitely and even executed without due process of law. There is no basis in the US Constitution for these asserted powers. The unconstitutional powers exist only because Congress, the judiciary and the American people have accepted the lie that the loss of civil liberty is the price paid for protection against terrorists.
In a very short time the raw power of the state has been resurrected. Most Americans are oblivious to this outcome. As long as government is imprisoning and killing without trials demonized individuals whom Americans have been propagandized to fear, Americans approve. Americans do not understand that a point is reached when demonization becomes unnecessary and that precedents have been established that revoke the Bill of Rights.
If you are educated by these two books, you will be better able to understand what is happening and, thus, you will be in a better position to survive what is coming.

Introduction to The Failure of Laissez Faire Capitalism and Economic
Dissolution of the West: Towards a New Economics for a Full World


The collapse of the Soviet Union in 1991 and the rise of the high speed Internet have proved to be the economic and political undoing of the West. “The End Of History” caused socialist India and communist China to join the winning side and to open their economies and underutilized labor forces to Western capital and technology. Pushed by Wall Street and large retailers, such as Wal-Mart, American corporations began offshoring the production of goods and services for their domestic markets. Americans ceased to be employed in the manufacture of goods that they consume as corporate executives maximized shareholder earnings and their performance bonuses by substituting cheaper foreign labor for American labor. Many American professional occupations, such as software engineering and Information Technology, also declined as corporations moved this work abroad and brought in foreigners at lower renumeration for many of the jobs that remained domestically. Design and research jobs followed manufacturing abroad, and employment in middle class professional occupations ceased to grow. By taking the lead in offshoring production for domestic markets, US corporations force the same practice on Europe. The demise of First World employment and of Third World agricultural communities, which are supplanted by large scale monoculture, is known as Globalism.
For most Americans income has stagnated and declined for the past two decades. Much of what Americans lost in wages and salaries as their jobs were moved offshore came back to shareholders and executives in the form of capital gains and performance bonuses from the higher profits that flowed from lower foreign labor costs. The distribution of income worsened dramatically with the mega-rich capturing the gains, while the middle class ladders of upward mobility were dismantled. University graduates unable to find employment returned to live with their parents.
The absence of growth in real consumer incomes resulted in the Federal Reserve expanding credit in order to keep consumer demand growing. The growth of consumer debt was substituted for the missing growth in consumer income. The Federal Reserve’s policy of extremely low interest rates fueled a real estate boom. Housing prices rose dramatically, permitting homeowners to monetize the rising equity in their homes by refinancing their mortgages.
Consumers kept the economy alive by assuming larger mortgages and spending the equity in their homes and by accumulating large credit card balances. The explosion of debt was securitized, given fraudulent investment grade ratings, and sold to unsuspecting investors at home and abroad.
Financial deregulation, which began in the Clinton years and leaped forward in the George W. Bush regime, unleashed greed and debt leverage. Brooksley Born, head of the federal Commodity Futures Trading Commission, was prevented from regulating over-the-counter derivatives by the chairman of the Federal Reserve, the Secretary of the Treasury, and the chairman of the Securities and Exchange Commission. The financial stability of the world was sacrificed to the ideology of these three stooges that “markets are self-regulating.” Insurance companies sold credit default swaps against junk financial instruments without establishing reserves, and financial institutions leveraged every dollar of equity with $30 dollars of debt.
When the bubble burst, the former bankers running the US Treasury provided massive bailouts at taxpayer expense for the irresponsible gambles made by banks that they formerly headed. The Federal Reserve joined the rescue operation. An audit of the Federal Reserve released in July, 2011, revealed that the Federal Reserve had provided $16 trillion–a sum larger than US GDP or the US public debt–in secret loans to bail out American and foreign banks, while doing nothing to aid the millions of American families being foreclosed out of their homes. Political accountability disappeared as all public assistance was directed to the mega-rich, whose greed had produced the financial crisis.
The financial crisis and plight of the banksters took center stage and prevented recognition that the crisis sprang not only from the financial deregulation but also from the expansion of debt that was used to substitute for the lack of growth in consumer income. As more and more jobs were offshored, Americans were deprived of incomes from employment. To maintain their consumption, Americans went deeper into debt.
The fact that millions of jobs have been moved offshore is the reason why the most expansionary monetary and fiscal policies in US history have had no success in reducing the unemployment rate. In post-World War II 20th century recessions, laid-off workers were called back to work as expansionary monetary and fiscal policies stimulated consumer demand. However, 21st century unemployment is different. The jobs have been moved abroad and no longer exist. Therefore, workers cannot be called back to factories and to professional service jobs that have been moved abroad.
Economists have failed to recognize the threat that jobs offshoring poses to economies and to economic theory itself, because economists confuse offshoring with free trade, which they believe is mutually beneficial. I will show that offshoring is the antithesis of free trade and that the doctrine of free trade itself is found to be incorrect by the latest work in trade theory. Indeed, as we reach toward a new economics, cherished assumptions and comforting theoretical conclusions will be shown to be erroneous.
This book is organized into three sections. The first section explains successes and failures of economic theory and the erosion of the efficacy of economic policy by globalism. Globalism and financial concentration have destroyed the justifications of market capitalism. Corporations that have become “too big to fail” are sustained by public subsidies, thus destroying capitalism’s claim to be an efficient allocator of resources. Profits no longer are a measure of social welfare when they are obtained by creating unemployment and declining living standards in the home country.
The second section documents how jobs offshoring or globalism and financial deregulation wrecked the US economy, producing high rates of unemployment, poverty and a distribution of income and wealth extremely skewed toward a tiny minority at the top. These severe problems cannot be corrected within a system of globalism.
The third section addresses the European debt crisis and how it is being used both to subvert national sovereignty and to protect bankers from losses by imposing austerity and bailout costs on citizens of the member countries of the European Union.
I will suggest that it is in Germany’s interest to leave the EU, revive the mark, and enter into an economic partnership with Russia. German industry, technology, and economic and financial rectitude, combined with Russian energy and raw materials, would pull all of Eastern Europe into a new economic union, with each country retaining its own currency and budgetary and tax authority. This would break up NATO, which has become an instrument for world oppression and is forcing Europeans to assume burdens of the American Empire.
Sixty-seven years after the end of World War II, twenty-two years after the reunification of Germany, and twenty-one years after the collapse of the Soviet Union, Germany is still occupied by US troops. Do Europeans desire a future as puppet states of a collapsing empire, or do they desire a more promising future of their own?

Dr. Paul Craig Roberts is the father of Reaganomics and the former head of policy at the Department of Treasury. He is a columnist and was previously the editor of the Wall Street Journal. His latest book, “How the Economy Was Lost: The War of the Worlds,” details why America is disintegrating.

VIDEO: Alex Jones And Joel Skousen Break Down The Cyprus EU Bank Heist, The Big Sis Bullet Grab, And The Reasons For The Coming War With Russia And China


Monday, March 25, 2013

VIDEO: The Rising Housing Market Fraud




VIDEO: Gerald Celente On The Nomad Capitalist - March 23, 2013





VIDEO: Gerald Celente - Trends In The News - "Wrong Again Ben!"






Cyprus bank bailout agreement is pure theft: 40% of private deposits to be looted from selected accounts

Mike Adams
Natural News
March 25, 2013

A brand new looting arrangement has been reached concerning Cypriot banks. It involves seizing the funds of all accounts over 100,000 euros, then stealing up to 40% of those funds sometime over the next few weeks, or whenever EU bureaucrats get around to deciding exactly how much to steal.
So instead of 10% being stolen from most accounts, as was originally proposed, the new deal is that 40% will be stolen from selected accounts, but not from accounts holding less than 100,000 euros. Why the 100,000 threshold for having your money stolen by the banking system? Because all EU bank accounts are insured up to 100,000 euros. So the banksters figured they could just steal anything over 100,000 and say, “Heh, it wasn’t insured, your loss!”
IMF chief Christine Lagarde characterized the theft as “a lasting, durable and fully financed solution.” And if that’s not enough of a solution, they can always loot more private accounts to reach a new solution!
Sure, it’s a great solution… if you’re the banksters stealing all the money from private account holders. But from the point of view of depositors, this “solution” looks a lot more like a mugging.

Entire accounts seized indefinitely

It’s actually worse than just the 40% being stolen from private accounts: all accounts over 100,000 euros are now indefinitely frozen (seized) until the banksters figure out exactly how much to steal. “Large deposits with Bank of Cyprus above the insured level will be frozen until it becomes clear whether or to what extent they will also be forced to take losses, the Eurogroup of finance ministers said in a statement.” (USA Today)
Not everybody is fooled by all the bankster happy talk, of course. As Colm McCarthy writes on the Independent.ie website:


…the eurozone countries collectively do not have an actual deposit guarantee fund in place, and the volume of deposits in many eurozone countries, not just those already in financial distress, is large relative to the fiscal capacity of the state. Bank runs by retail depositors are a serious risk, particularly in those countries whose governments lack financial credibility.

And from Mats Persson of GulfNews.com:
The Eurozone set a risky precedent when it decided to go for depositors. Images of long queues outside ATMs will have registered in other parts of the Mediterranean. If Cypriot depositors are forced to pay today, why not Spaniards tomorrow? …Events in Cyprus have shown just what a high-risk gamble the euro was… If you could design a system whereby a splinter could take down an elephant, this would be it.

No deposits are ever safe while the central banks are running things

The bottom line truth in all this is that no deposits are ever safe in any bank run by a government. Governments are inherently liars, and when it comes down to a crisis, it’s always easier to just STEAL money from depositors and call it a “tax.”
The business of banking, it seems, has largely become a business of theft. No wonder everybody’s flocking to bitcoin, the decentralized crypto-currency that’s not controlled by any government anywhere: www.weusecoins.com
That’s also why the Natural News Store has just announced it is now accepting bitcoin currency as payment for orders. Anyone with bitcoins can now buy prepared foods, superfoods, organics, supplements and much more, directly from the Natural News Store.

NYC Mayor Bloomberg: Government has right to ‘infringe on your freedom’

Cheryl K. Chumley
The Washington Times
March 25, 2013

New York City Mayor Michael Bloomberg said on Sunday: Sometimes government does know best. And in those cases, Americans should just cede their rights.
“I do think there are certain times we should infringe on your freedom,” Mr. Bloomberg said, during an appearance on NBC. He made the statement during discussion of his soda ban — just shot down by the courts — and insistence that his fight to control sugary drink portion sizes in the city would go forth.
“We think the judge was just clearly wrong on this,” he said, on NBC. “Our Department of Health has the legal ability to do this. … [They’re] not banning anything.”
Mr. Bloomberg’s remaining months in office have included a firestorm of regulations and policy pushes on wide range of issues. Aside from the soda size ban and a well-publicized call for tighter gun control, another contentious policy he pushed: Nudging hospitals to lock up baby formula to force mothers to breast-feed newborns.

Full article here

Euro Group Head: Looting of Bank Accounts a “Template For EU”

More deposits to be plundered across continent

Paul Joseph Watson
Prison Planet.com
March 25, 2013

The looting of private bank accounts to cover the gambling losses of big banks is a new template for the euro zone, according to Dutch Finance Minister and President of the Eurogroup of euro zone finance ministers Jeroen Dijsselbloem.

With savers in Cyprus set to have 40% of their wealth plundered in order to fund an EU bailout package, Dijsselbloem indicated that this new model of “bank restructuring” was set to be replicated across the continent.
“If there is a risk in a bank, our first question should be ‘Okay, what are you in the bank going to do about that? What can you do to recapitalise yourself?’. If the bank can’t do it, then we’ll talk to the shareholders and the bondholders, we’ll ask them to contribute in recapitalising the bank, and if necessary the uninsured deposit holders,” Dijsselbloem told Reuters.
“Uninsured deposit holders” means anyone unfortunate enough to have squirreled away more than 100,000 euros under the delusion that it wouldn’t be swiped from under their noses by EU technocrats.
His remarks helped send the euro single currency plummeting, before a spokeswoman for Dijsselbloem ludicrously attempted to re-write history and claim that he didn’t say Cyprus was a template for bank restructurings.
In reality, the minister is merely echoing what other banking chiefs have already admitted in the wake of the Cyprus crisis – that no one in Europe is safe from having their savings looted.
Hours after the announcement that Cypriot savers were set to see their deposits plundered, Joerg Kraemer, chief economist of the German Commerzbank, called for private savings accounts in Italy to be similarly plundered. “A tax rate of 15 percent on financial assets would probably be enough to push the Italian government debt to below the critical level of 100 percent of gross domestic product,” he told Handelsblatt.
As Zero Hedge reports, by calling the Cyprus looting a “bank restructuring” and not a “tax,” technocrats were able to bypass the democratic process.
“What Cyprus allowed was the effective usurpation of democracy – the only reason the Cypriot bailout “passed” (at least so far) is because it was structured as a bank restructuring, a financial system “resolution”, not a tax, and thus not in need of a parliamentary, democratic vote. Because as Cyprus also showed, votes to deprive depositors of cash, whether insured or uninsured, simply won’t fly.”

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Paul Joseph Watson is the editor and writer for Infowars.com and Prison Planet.com. He is the author of Order Out Of Chaos. Watson is also a host for Infowars Nightly News.

Sunday, March 24, 2013

VIDEO: America is Going to Crash Big Time - Paul Craig Roberts

By Greg Hunter’s USAWatchdog.com 
Dec 12, 2013
 
Paul Craig Roberts was Assistant Treasury Secretary in the Reagan Administration, and he warns, “America is going to crash big time.”  Dr. Roberts says, “The real problem is not the fiscal cliff.”  The dollar is on very thin ice.  Dr. Roberts says, “They can’t stop hemorrhaging the debt, and the way they cover that is to hemorrhage the dollar.”  In this real time scenario, Dr. Roberts goes on to say, “When you have debt pouring out and dollars pouring out, the dollar can’t keep its value forever.  At some point, people will run away from it, and it will start abroad.”  Dr. Roberts thinks there is “an impending collapse of the exchange value,” and the U.S. dollar could unexpectedly plunge in buying power.  Dr. Roberts contends, “All of a sudden, people walk into Walmart, as usual, and they think they’ve walked into Neiman Marcus.”  Dr. Roberts says there are no quick fixes to the bulging debt because “there’s no way to close this deficit when corporations are moving the tax base off-shore.”   Join Greg Hunter as he goes One-on-One with Dr. Paul Craig Roberts.




VIDEO: Drone News And The Biggest Bubbles in History-Stocks, Bonds, Dollar - Paul Craig Roberts




VIDEO: A Crisis They Can’t Avoid - Paul Craig Roberts

By Greg Hunter’s USAWatchdog.com 
March  18, 2013
 
Former Assistant Treasury Secretary Dr. Paul Craig Roberts says there is another financial calamity coming to the U.S.  Dr. Roberts says, “It is a crisis they can’t avoid.  One way or another it’s going to bite very hard, whether it comes through the dollar or the bonds.”   Dr. Roberts says all the ongoing financial problems we face today are a result of little or no regulation.  Dr. Roberts makes his case in a book titled “The Failure of Laissez Faire Capitalism and Economic Dissolution of the West.”  Dr. Roberts contends, “What you are looking at is a deregulated financial system, and the result was fraud, crisis and collapse. . . . The end result of financial deregulation is crony capitalism.”  Look no further than the continuing bank bailouts with massive money printing and zero percent interest rates as the reason for the coming catastrophe of spiking interest rates.  Roberts asks, “How can the dollar be anything but a bubble because the Fed is creating a trillion new dollars every year, but the demand for dollars is not growing by a trillion dollars a year.”  Roberts goes on to predict, “Sooner or later, the printing has to affect the dollar’s value.  If the dollar drops . . . we have inflation . . . you can’t have inflation and zero percent interest rates.”  Join Greg Hunter as he goes One-on-One with economist Paul Craig Roberts.

Saturday, March 23, 2013

Wall Street Is Laundering Drug Money And Getting Away With It

Zach Carter
AlterNet
July 15, 2010

Too-big-to-fail is a much bigger problem than you thought. We’ve all read damning accounts of the government saving banks from their risky subprime bets, but it turns out that the Wall Street privilege problem is far more deeply ingrained in the U.S. legal system than the simple bailouts witnessed in 2008. America’s largest banks can engage in flagrantly criminal activity on a massive scale and emerge almost completely unscathed. The latest sickening example comes from Wachovia Bank: Accused of laundering $380 billion in Mexican drug cartel money, the financial behemoth is expected to emerge with nothing more than a slap on the wrist thanks to an official government policy which protects megabanks from criminal charges.

Bloomberg’s Michael Smith has penned a devastating expose detailing Wachovia’s drug-money operations and the government’s twisted response. The bank was moving money behind literally tons of cocaine from violent drug cartels. It wasn’t an accident. Internal whistleblowers at Wachovia warned that the bank was laundering drug money, higher-ups at the bank actively looked the other way in order to score bigger profits, and the U.S. government is about to let everyone involved get off scott free. The bank will not be indicted, because it is official government policy not to prosecute megabanks. From Smith’s story:

Read entire article

VIDEO: It Can Happen Here! Paul Craig Roberts Sees Triple Bubble Implosion Coming!!!




Friday, March 22, 2013

Cypriot president ‘warned his friends to move money abroad’ before financial crisis hit

James Chapman and Jill Reilly
Daily Mail
March 22, 2013

Cypriot president Nikos Anastasiades ‘warned’ close friends of the financial crisis about to engulf his country so they could move their money abroad, it was claimed on Friday.
The respected Cypriot newspaper Filelftheros made the allegation which was picked up eagerly by German media.
Germans are angry at the way their country has been linked to the Nazis and Hitler by Cypriots angry at the defunct rescue deal which called for a levy on all savings.
The Cyprus newspaper did not say how much money was moved abroad but quoted sources saying the president ‘knew about the possible closure of the banks’ and tipped off close friends who were able to move vast sums abroad.
Italian media said the 4.5 billion euros left the island in the week before the crisis.

Full story here.

Mass Panic In Cyprus: The Banks Are Collapsing And ATMs Are Running Out Of Money

Michael Snyder
Economic Collapse
March 22, 2013

European officials are openly admitting that the two largest banks in Cyprus are “insolvent“, and it is now being reported that Cyprus Popular Bank only has “enough liquidity to cover the next few hours“.  Of course all banks in Cyprus are officially closed until Tuesday at the earliest, but there have been long lines at ATMs all over Cyprus as people scramble to get whatever money they can out of the banks.  Unfortunately, some ATMs appear to be “malfunctioning” and others appear to have already run out of cash.  You can see some photos of huge lines at one ATM in Cyprus right here.  Some businesses are now even refusing to take credit card payments.  This is creating an atmosphere of panic on the streets of Cyprus.  Meanwhile, the EU is holding a gun to the head of the Cyprus financial system.  Either Cyprus meets EU demands by Monday, or liquidity for the banks will be totally cut off and Cyprus will be forced out of the euro.  It is being reported that European officials believe that the “economy is going to tank in Cyprus no matter what“, and that it would be okay to let the financial system of Cyprus crash and burn if politicians in Cyprus are not willing to do what they have been ordered to do.  Apparently European officials are very confident that the situation in Cyprus can be contained and that it will not spread to other European nations.
Unfortunately, European officials are losing sight of the bigger picture.  If the largest banks in Cyprus are allowed to fail, it will be another “Lehman Brothers moment“.  The faith that people have in banks all over Europe will be called into question, and everyone will be wondering what major European banks will be allowed to fail next.
Meanwhile, European officials have already completely shatteredconfidence in deposit insurance at this point.  Everyone now knows that when there is a major bank failure that depositors will be expected to share in the pain.  Expect to see “bank jogs” all over southern Europe over the coming weeks.
The banks in Cyprus had been scheduled to reopen on Tuesday, but very few people expect that to actually happen at this point.  In fact,Bloomberg is reporting that EU officials are actually thinking about shutting down the two biggest banks in Cyprus and freezing their assets…
Finance ministers for the 17 euro countries are considering a plan to shutter the two biggest banks in Cyprus and freeze the assets of uninsured depositors, said the four officials, who asked not to be named because the talks are ongoing. The ministers are holding a teleconference tonight.
Cyprus Popular Bank Pcl (CPB) and the Bank of Cyprus Plc would be split to create a so-called bad bank, one of the officials said. Insured deposits — below the European Union ceiling of 100,000 euros ($129,000) — would go into a so-called good bank and not sustain any losses, while uninsured deposits would go into the bad bank and be frozen until assets could be sold, said the four officials.
Losses to unsecured creditors, including uninsured depositors, could reach 40 percent under the plan, which has support from the International Monetary Fund and the European Central Bank. The proposal, a version of which was rejected last week, is considered a better option than taxing insured deposits or allowing Cypriot banks to collapse in a disorderly fashion if they lose access to ECB aid, the officials said.
Such a scenario would be an utter disaster.
How would you feel if you woke up someday and 40 percent of your life savings was suddenly gone?
According to Greek newspaper Kathimerini, European officials are also openly discussing the possibility of a Cyprus exit from the eurozone if a suitable bailout agreement is not worked out…
The possibility of Cyprus exiting the eurozone was discussed during teleconference involving technocrats from the Euro Working Group on Wednesday, Kathimerini understands.
A reliable source told Kathimerini that the technical implications of a euro exit, as well as the adoption of capital controls were debated by the Euro Working Group officials during the teleconference.
As I mentioned above, European officials seemed resigned to the fact that there will be an economic collapse in Cyprus “no matter what”, and so letting Cyprus leave the euro would not make that much of a difference.  Either way, the banks are going to have to be “reorganized” and capital controls will be imposed…
In detailed notes of the call seen by Reuters, the group’s chair Austria’s Thomas Wieser said: “The economy is going to tank in Cyprus no matter what. Restrictions on capital will probably be imposed.”
Never before have we seen European officials impose such a harsh ultimatum with such a short deadline.  It is almost as if they want to boot Cyprus out of the euro.  The following comes from a recent CNBCreport…
In stark twin warnings on Thursday, the European Central Bank said it would cut off liquidity to Cypriot banks and a senior EU official made clear to Reuters that the bloc was ready to see the bankrupt island banished from the euro in the belief it could then contain damage to the wider European economy.
And European officials are even publicly talking about the possibility that Cyprus will soon need to start using “their own currency”…
In Brussels, a senior European Union official told Reuters that an ECB withdrawal would mean Cyprus’s biggest banks being wound up, wiping out the large deposits it has sought to protect, and probably forcing the country to abandon the euro.
“If the financial sector collapses, then they simply have to face a very significant devaluation and faced with that situation, they would have no other way but to start having their own currency,” the EU official said.
This is absolutely shocking.  Everyone always thought that Greece would be the first to leave the euro, but now it looks like it might be Cyprus.
However, there is still a chance that Cyprus may find a way to comply with EU demands.  Politicians in Cyprus are frantically searching for a way to raise the needed cash without raiding private bank accounts.  The following is what CNN is saying about the latest efforts…
Leaders of Cyprus’ political parties agreed Thursday to create an “investment solidarity fund,” which would issue bonds backed by state and church assets.
The plan was due to be discussed by the Cypriot government and parliament on Thursday evening, but few details were available and it was not clear how much the fund would be worth.
According to Reuters, other proposals have been under consideration as well…
The government said a “Plan B” was in the works.
Officials said it could include: an option to nationalize pension funds of semi-government corporations, which hold between 2 billion and 3 billion euros; issuing an emergency bond linked to future natural gas revenues; and possibly reviving the levy on bank deposits, though at a lower level than originally planned and maybe excluding savers with less than 100,000 euros.
At this point it is unclear whether any of those proposals will turn out to be acceptable to European officials.
In fact, the tone of European officials has noticeably changed from previous bailout efforts.  They now seem much more willing to play hardball.  For example, just check out what German Finance Minister Wolfgang Schaeuble is saying about the situation in Cyprus…
German finance minister Wolfgang Schaeuble told the ZDF public broadcaster on Tuesday night (19 March) he “took note with regret” of the Cypriot parliament’s rejection of the bailout deal, but insisted that the terms will stay the same.
Asked if the eurozone was willing to let Cyprus go bust, he answered: “Well, we are much more stable in the eurozone – we took measures to protect ourselves from the risks of contagion … but I don’t want to have any of this.”
He added: “It is a serious situation, but this cannot lead to a decision that makes absolutely no sense, to rescue a business model that has failed. Cyprus has a banking sector that is totally oversized and this made Cyprus insolvent. And nobody outside Cyprus is to blame for it.”
Schaeuble knows that the EU is holding all of the cards and that Cyprus is doomed without their help…
“The Cypriot state cannot fund itself on the markets. Its two largest banks are insolvent and are being kept afloat with emergency funding from the ECB, but only on the condition that there will be a long-term rescue programme. If this condition is no longer met, Cyprus will no longer be solvent and this is something Cypriot decision makers must know”
But the truth is that the EU can’t really afford to allow major banks to fail or for a single member to leave the eurozone.  If either of those things happen, the confidence game that has been holding the European financial system together will begin to rapidly evaporate.
If the EU thinks that they can abandon Cyprus without the crisis spreading to the rest of southern Europe they are just being delusional.
At least there are a few politicians in Europe that understand what is happening.  Nigel Farage, a very outspoken member of the European Parliament, is telling people to get their money out of banks in southern Europe as quickly as they can.  He is warning that a great collapse of the European financial system is coming and that people need to get prepared for it…



So what do you think?
Do you believe that we are on the verge of a major financial collapse in Europe?
Please feel free to post a comment with your thoughts below…
This article was posted: Friday, March 22, 2013 at 6:15 am

VIDEO: Greg Palast Breaks Down How The IMF & EU Conspired With Insiders To Loot Cyprus Banks



Wednesday, March 20, 2013

VIDEO: Chase Customers See Bank Balance Reduced to Zero



ART CASHIN: If America Is Anything Like History’s Great Civilizations, Then This Is The Beginning Of The End

Sam Ro
Business Insider
March 20, 2013

In an interview with Charlie Rose last week, GMO’s Jeremy Grantham reminded us that civilizations have historically collapsed after around 250 years.
Now, UBS‘s Art Cashin is talking about the same thing.
“Martin Armstrong has just issued a 46 page report titled “The 224 Cycle of Political Change. Is 1789 – 2013 Really Here?”" writes Cashin in a note this morning.
He went on to republish a comment he made in June 2011.  Here it is (emphasis ours):

That “Made Up” Quote Looks Truer And Truer Each Day – The continuing loud cautions of “Don’t Tread On My Entitlements”, and the imminence of a majority of voters not paying any taxes, recalls yet again the rather prophetic but apparently fictitious quote of Alexander Tytler.  According to many internet sources, Tytler is reputed to have published this stunning quote in a book called “The Decline and Fall of the Athenian Republic” (ironically said to have been published in 1776 when something interesting was happening across the pond).

"A democracy cannot exist as a permanent form of government.  It can only exist until the voters discover they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising them the most benefits from the public treasury, with the result that a democracy always collapses over a loss of fiscal responsibility, always followed by a dictatorship. The average of the world's great civilizations before they decline has been 200 years. These nations have progressed in this sequence: From bondage to spiritual faith; from spiritual faith to great courage; from courage to liberty; from liberty to abundance; from abundance to selfishness; from selfishness to complacency; from complacency to apathy; from apathy to dependency; from dependency back again to bondage."

Cyprus MPs vote down government raid on private bank accounts in defiance against IMF and EU central bank

Mike Adams
Natural News
March 20, 2013
Following the uproar over the Cyprus government’s plan to raid private bank accounts and literally steal up to 10% of account balances from private citizens, Cypriot MPs have just voted down the measure in the face of extreme anger on the part of the public.
The vote was 36 against the measure, with 19 abstaining. Not one lawmaker voted for the measure, probably because they did not want to find themselves hanging by a rope from a tree.
In the hours leading up to the vote, there were massive protests outside the Cypriot parliament, and when news of the vote was announced, the mood shifted to one of celebration. But for the people of Cyprus, this battle has only begun. The European Central Bank (ECB), the center of financial theft across the eurozone, is no doubt plotting new attacks against private wealth via the banking system. The ultimate goal of all central banks, including the Fed in the USA, is to confiscate all global wealth and leave the people destitute.

Financial terrorism

The recent decision to literally steal 10% of account balances from private citizens was a beta test to see whether they could get away with it. Speculation was that if the globalist banksters got away with looting the bank accounts of Cyprus, they could repeat the same crimes in Greece, Italy and Spain. But this defeat in the Cypriot parliament means eurozone mafia banksters will have to find a new way to steal money from the citizens, or at least risk setting off massive civil unrest and uncontrollable bank runs. The mere attempt of doing this has already rocked confidence in the banking sector across the globe.
As the Guardian reports on its live coverage page, “There are fears that the ECB could pull the plug on the country’s two biggest banks, by terminating the support provided under its Emergency Liquidity Assistance — on the grounds that they could be insolvent. But as the WSJ’s Simon Nixon explains, Cyprus could be gambling that the ECB won’t risk turning the liquidity tap off.”
Such threats by the ECB amount to nothing less than financial terrorism. By using the threat of a collapse, they can force governments to confiscate deposits from their own countrymen. Those who do not comply will be punished with a withdrawal of liquidity leading to a local bank collapse.


This is a game of financial chicken… or more aptly, Russian Roulette since it’s mostly Russians who have their money in Cyprus banks. The eurozone central bankers just put a gun to the heads of private bank account holders and said, “Pull the trigger!” But the account holders said, “Hell no!” and are now throwing the financial equivalent of a live grenade back into the trenches of the ECB. This may ultimately be followed up with Russian military hardware arriving on scene, by the way.
My guess is the ECB will now pull liquidity from Cypriot banks, causing a bank collapse there as a way to “teach them a lesson” for refusing to hand over 10% of their own money to the banking elite. This is how the mafia operates, of course, and the central banks of Europe are 100% pure mafia.

Source:
http://www.guardian.co.uk/business/2013/mar/19/eurozone-crisis-cyprus…

VIDEO: Alex Jones Crazy News 3/19/13. Is Obama The Real Anti-Christ?



The fraud roll-out continues: Obamacare costing taxpayers twice as much as originally claimed

J. D. Heyes
Natural News
March 20, 2013

When he was selling the Affordable Care Act during his first term, President Obama claimed that the government’s near-complete takeover of the nation’s healthcare industry would be, well, affordable.
Everyone from the president on down in his administration and in the Democratic leadership insisted that the naysayers and critics were wrong, that Obamacare would not tank the nation by becoming another parasitic entitlement drain on the treasury.
Well, that was 2010. In 2013, fewer than three years later and as more and more provisions of this monstrosity of a law take effect, Americans are beginning to feel the full effect of exactly what then-House Majority Leader Nancy Pelosi, D-Calif., meant when she said of Obamacare, “We have to pass the bill so that you can find out what is in it…”

Yes, healthcare is about to get a lot more expensive

Take the cost of Obamacare. When he was stumping for it, the president promised Americans that, not only could the nation pay for it, but that it would cost around $900 billion over the next decade.
As congressional and independent studies are now confirming; however, Obama’s cost claims were grossly understated.
“President Obama promised a joint session of Congress in 2009 to spend $900 billion over ten years on his health care law: ‘Now, add it all up, and the plan that I’m proposing will cost around $900 billion over 10 years.’ Adding up all the different spending provisions in the health care law; however, (including closing the Medicare ‘doughnut hole,’ implementation costs, and other spending) total gross spending over the FY 2010-19 period is about $1.4 trillion, based on CBO estimates,” explains the Senate Budget Committee Republican staff.
 
“And most of the major spending provisions in the law do not even take effect until 2014. Congressional Democrats delayed these provisions in order to show only six years of spending under the plan in the original 10-year budget window (from FY2010-19) used by CBO at the time the law was enacted,” said the staff report. “Therefore, the original estimate concealed the fact that most of the law’s spending only doesn’t even begin until four years into the 10-year window. A Senate Budget Committee analysis (based on CBO estimates and growth rates) finds that that total spending under the law will amount to at least $2.6 trillion over a true 10-year period (from FY2014-23) – not $900 billion, as President Obama originally promised.”
Partisan sour grapes? You may have noted that the figures used by the GOP staff report come from CBO (the non-partisan Congressional Budget Office).
But there’s more.
The Economic Policy Journal notes that the cost of Obamacare won’t simply be limited to higher medical costs:
The Joint Committee on Taxation recently released a 96-page report on the tax provisions associated with Affordable Care Act. The report describes the 21 tax increases included in Obamacare, totaling $1.058 trillion (our emphasis) – a steep increase from initial assessment, according to the Tax Prof Blog. The summer 2012 estimate is nearly twice the $569 billion estimate produced at the time of the passage of the law in March 2010.

WWFD: What would the founders do over all these new taxes?

Some of the increases, as compiled by the journal, include:
– New taxes on so-called “Cadillac,” or high-cost, insurance plans.
– A class warfare tax: Increased payroll and capital gains taxes on those making more than $200,000 a year.
– Annual taxes on drug manufacturers and importers (a cost which will, of course, be passed along to patients).
– Annual tax on health insurance providers (again, which will impact your rates – another promise the president has broken).
– A 10 percent tax on tanning businesses.
– New fees on insured and self-insured health plans (to punish those who do not opt for a government-run or approved insurance pool).
Yes, Obamacare will cost more than we were told and promised it would cost. A lot more.

Sources:
http://www.economicpolicyjournal.com
http://waysandmeans.house.gov/uploadedfiles/jctpamphletmarch4.pdf
http://www.weeklystandard.com

The Real Reasons Why The Liberty Movement Is Preparing To Fight

Brandon Smith
Alt Market
March 20, 2013

Years ago while writing for Neithercorp Press I penned an article entitled “One Day Soon, We’ll All Be Homegrown Terrorists”.  In that piece I described a not so far off future in which martial law, economic collapse, and the destruction of civil liberties stood imminent.  I related my views on the propaganda rhetoric of the SPLC, and how they were using false association to tie liberty groups to any deviant organization they could think of, including racists and domestic terrorists, in order to condition the American public to react to our message with immediate contempt.
It became clear to me then that the SPLC, which had become the propaganda wing of the widely reviled Department Of Homeland Security, was helping set the stage for a paradigm shift in the U.S.  This shift would obviously include economic and social disruption, as well as political turmoil beyond anything our nation has seen for over 150 years.  But most importantly, it would pave the way for certain elements of the American populace, namely those who are awake, aware, and outspoken, to be labeled “enemy combatants” dangerous to the state.
Though posing as an anti-racist monitoring institution, the SPLC’s primary concern has never been the KKK or “White Identity”.  Rather, the SPLC’s job has been and always will be to marginalize and defame those who stand against centralized federal power, regardless of how corrupt that power has become.  They are not anti-racists, or liberals, or concerned citizens; they are STATISTS, who only care about maintaining the superiority of a government that has been bought and paid for many times over by a gaggle of international financiers with delusions of godhood.
The SPLC, of course, has so far utterly failed in their efforts to stop the rise of Constitutional activists.  By their own admission, “patriot groups” have expanded exponentially since 2008, and continue to develop freely even in the face of wildly absurd character attacks taken from the amoral (immoral) guidebook of Saul Alinsky himself.  The truth, once realized, is difficult if not impossible to stop.
Unfortunately, the establishment understands this as well…
Given a few more years, the Liberty Movement will indeed prevail in the struggle for the “infowar”.  Naysayers who claimed we were merely an ineffective and irrelevant peripheral of society are now faced with a strong and growing minority which has the power to swing state and local elections, as we did in 2012, simply by refusing to vote for oath breaking Republicans, sending the message that if the Republican party ever wants to win again, they had better run honest Constitutionalists.  Those who claimed our message was “insane conspiracy theory” must now explain the indefinite detention and rendition provisions of the NDAA, the government approved unleashing of 30,000 surveillance drones in American skies, the Obama Administration’s assassination list which includes U.S. citizens, and the push for gun registration and confiscation which is already beginning to take place in some states.
How did we know what was coming?  Was it intuition or lucky conjecture?  Neither.  All we had to do was look at the trends of the day and use logic to discern the most likely outcome.

Our concerns, which were once called “fringe”, are now going mainstream.  We were right, they were wrong.  Though, I wish we had been wrong…
Just as the public is on a shrinking timeline, so are the elites.  For every burst forward in our efforts to wake up the population to the loss of their freedoms and heritage, they must speed up their plans to gain economic and political supremacy.  The harder you pull on the ends of a frayed rope in opposite directions, the sooner it is going to snap.
Today, as never before, I believe our culture has reached the breaking point, which is why the SPLC has pushed their attacks on the Liberty Movement into overdrive with manipulative media hit pieces like this:

 


As well as their latest propaganda piece “The Year In Hate And Extremism”:
http://www.splcenter.org/home/2013/spring/the-year-in-hate-and-extremism
The SPLC plays the role of the frantic watchman, crying out at the approach of the Mongol hordes, but their childish and ill conceived methods continue to expose their true intentions.  Is the Liberty Movement preparing for war?  No, but we are preparing to defend ourselves.  Here are the SPLC assertions of why we are ready to fight, followed by the real reasons behind our preparations…

1)  Because Obama Is Half Black?


No.  Obama could be neon green and we couldn’t care less.  The SPLC attempts to equate the growth of “patriot groups” with the election of the first black president, while leaving out much more likely catalysts including our current economic spiral (which they often refer to as “conspiracy theory”), or the Obama Administration’s expansion and even application of numerous unconstitutional provisions, some of which were launched by the Bush Administration.
How does the SPLC explain the majority of the Liberty Movement’s staunch opposition to the Romney Campaign if all we cared about was race?  How do they reconcile the fact that we are just as critical of the Republican elite as we are of the Democrats?  What about the reality that many of our organizations (like Oath Keepers) are made up of numerous races and nationalities?
They never do.  They simply ignore this information as if it is not pertinent to the issue.  The truth is, Obama is a middle man, a mascot, an easily replaced muppet.  He is not our primary interest, and his color is meaningless.  The international banks that funded his campaign and whose members occupy numerous positions within the White House, though, ARE our primary concern.

2)  Because We Are Afraid Of An Economic Collapse That Will Never Come?

The SPLC refers to almost everything as “conspiracy theory” because they hope that the average American is too stupid to question their rhetoric.  Calling someone a “conspiracy theorist” is the modern equivalent of accusing a person of being mentally ill; the goal is to inoculate the public against anything they have to say before they say it, even if it is the unbridled truth.
The SPLC has consistently shrugged off economic concerns as “paranoia”, but they never qualify their statements.  Years ago I openly challenged Mark Potok and the whole of the SPLC to a debate on the health of the U.S. economy, and I reassert that challenge today.  If they think our concerns are unfounded and a source of paranoia, then they should be willing to defend their position.  I believe our financial system is on the fast track to collapse for quite a few reasons, including the fact that:
Our official national debt stands at $16.6 trillion.  In 2008, the national debt was around $10 Trillion, meaning, we’ve added over $6 trillion in only 5 years.  (Gee, is it possible that this has pissed Americans off more than Obama’s ethnicity?)
Real national debt including entitlement programs and future obligations is estimated between $60 Trillion and $120 Trillion.
Our official debt to GDP ratio (the amount of capital our country generates versus what it owes) stands at 102%.  Historically, when a country crosses the 100% mark in its debt to GDP, there is a marked chance of economic crisis.  If you count all of the programs and entitlements that the Federal Government doesn’t include in its “official” arithmetic, our debt to GDP ratio is actually closer to 400%.  This means an economic crisis is ASSURED.
The Labor Department, using what they call “adjusted numbers” places unemployment at 7.9%.  Real unemployment including U6 measurements (those people who are underemployed, and those people who have been unemployed for so long they no longer receive benefits and are no longer counted by the government) stands at over 20%.
In 2009, 32 million Americans were enrolled in food stamps.  Today, that number has grown to 48 million.  That’s a 50% increase in only 4 years.
The number of people on standard disability has hit a record of 9 million, and has grown every month for the past 192 months.
For the past four years I have pointed out that China, our largest foreign creditor, only needs to do two things before dumping the dollar as the world reserve currency – find a consumer market source to replace the U.S., and, spread it’s own currency around the globe to create a viable alternative to the greenback.
Today, China has announced a full blown transition into a consumer based economy and has established bilateral trade agreements with enough developing nations to easily replace the U.S. as an export market.
This past month, China announced a massive “urbanization project” in which they will sell over $6 trillion in Yuan denominated bonds worldwide.  China has also surpassed the U.S. for the first time ever as the world’s largest trade market, meaning, the Yuan will now be more sought after than the Dollar as a global trade mechanism.  The Chinese are nearly ready to dump the dollar, causing an international chain reaction that will brutally devalue our currency.
I think our economic worries are clearly reasonable…

3)  Because We Are Paranoid Over Unfounded Threats Of Martial Law?


In the calm before any great war, there is always an escalation of arms on both sides of the conflict.  Anyone who has carefully studied the history of modern warfare KNOWS an escalation when they see one.  At the same time, anyone who has studied the history of citizen disarmament knows that government restriction and confiscation of personal firearms almost always leads to genocide.  Over the past decade, we have seen blatant indications that domestic agencies of the Federal Government are in the midst of arms stockpiling, and, in the past two months, they are pushing harder than ever before to reduce the defensive capabilities of the American public.
The Department Of Homeland Security has in only a few years placed orders for ammunition totaling at least 1.6 billion rounds, and new orders indicate they may be accumulating over 2 billion rounds.  The DHS has initiated a disinformation campaign through the mainstream media claiming that this ammunition stockpile, which is to be delivered over the course of five years, is for “training purposes only”.  Here is the reality…
First, by the department’s own numbers, training and qualification exercises taking place in three facilities nationwide use a total of 15 – 20 million rounds of ammo yearly.  This means that if the DHS claims are true, they have ordered enough ammo to last a minimum of 75 years!  No government agency plans this far ahead.
Second, the DHS and most federal and state law enforcement agencies DO NOT use hollow point pistol ammo and expensive Sierra Match King hollow point sniper rounds for “training”.  Anyone who knows anything about combat simulation training knows that you use the cheapest plinking ammo you can find, and this includes the government.  The ammo purchased by the DHS is used for one thing only; killing people.
Third, if this ammo is being used only for non-threatening purposes, then why is the DHS now redacting order requests in a ploy to hide what they are purchasing?
https://www.fbo.gov/index?s=opportunity&mode=form&id=311eb3ee003671285de8db1036b2b255&tab=core&tabmode=list&=
On top of this, why does the DHS need mine resistant armored vehicles?



Or bullet resistant road booths?
http://news.thomasnet.com/companystory/Shelters-Direct-Builds-Bullet-Resistant-Booths-for-Homeland-Security-612684 

Why is the DHS using training targets featuring children and pregnant women?  Why has the Federal Government put plans into motion to release 30,000 drones above our heads?  Why have they instituted the passage of the indefinite detention provisions of the NDAA which can be used to revoke the civil rights of anyone deemed an “enemy combatant” by the executive branch, including American citizens?  Why has Obama bypassed the Treason Clause of the U.S. Constitution in order to greenlight assassinations of American citizens?  Why has Attorney General Eric Holder stated that predator drones have not been ruled out as a weapon against American citizens on American soil?  Why has a branch of the military, Northcom, been deployed domestically in the U.S.?  Who are they here to fight?
The government is telling us, right to our faces, that they plan to use extraneous force against us, and where else would this force be initiated on such a scale except during martial law?  The extensive militarization of any domestic government agency requires as a response the extensive armament of the citizenry, otherwise, there is no deterrent to tyranny.

4) Because We Refuse To Accept That The World Is Changing Without Us? 

This argument is based on a series of lies, the first one being that American culture needs to “progress with the times” and shake off the dead skin of old and “unpopular” principles.  Let’s set the record straight…
Some principles, like the liberties embodied in natural law and outlined in the U.S. Constitution, NEVER become outdated.  They exist in the heart of mankind, and will remain as long as humanity remains.  They cannot be erased, and they cannot be undone.  They are inherent and eternal.
They can, however, be oppressed by those who seek to dominate the lives of others.  This is what the establishment today calls “progress”.  Their version of social order is not new, nor is it even clever.  It is archaic, and has taken many forms, including oligarchy, aristocracy, mercantilism, monarchy, totalitarianism, despotism, fascism, socialism, communism, globalism, etc., etc.  The goal is always the same; centralize as much power as possible into as few hands as possible while making the enslaved population as collectivized and dependent as possible.
The Liberty Movement is not some dying vestige of America’s past clinging to an antiquated philosophy.  We are the new wave; the messengers of an ideal of freedom that in the grand scheme of history has been around for only a blink of an eye.  Constitutional liberty IS the progress that humanity has been waiting for.  We have only been led astray by those who would sell us on our own bondage.
The SPLC and others within the establishment accuse the Liberty Movement of arming for conflict against the government.  I am here to tell them that is EXACTLY what we are doing.  We are arming because the establishment is arming against us.  Yes, we are a threat, but only to political and corporate criminals who use subversion and violence to wrest freedom from the hands of good people.  I am not afraid to openly admit it.  I and many others will fight against any measure or man that seeks to undermine the rights of the people or destroy the founding principles of this nation.
We will not allow engineered economic collapse to go unpunished.  We will not allow internationalists to subdue American sovereignty.  We will not allow national gun registration or confiscation.  We will not allow martial law to be instituted.  We will not allow American citizens to be imprisoned or assassinated without trial.  We will not allow any presidential administration, black or white, Republican or Democrat, to become a De facto dictatorship with no accountability to the public.
Regardless of what they might say about us in the future, these are the reasons why we will fight, and our pledges to resist are not empty assertions.  We will stop the course of tyranny from completing in this country and in this era, one way or another.  If this makes us “extremists”, or “terrorists”, then so be it.  I, for one, am tired of the long running game of lies and reserved rhetoric.  They know a fight is coming, and we know a fight is coming.  Let’s just admit it and be done with it.  Their greatest weakness is that they have to use deceit, propaganda, media monopoly, and false flag violence in order to convince the public that they are the “right side”.  All we have to do is continue telling the truth, and stand fast…

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VIDEO: Nigel Farage Message To Europeans - “Get Your Money Out While You Can”

Zero Hedge
March 20, 2013

In Nigel Farage’s first TV appearance since the Cypriot wealth tax was announced, the Englishman pulls no punches. In all his years and all his experience of the desperation of the European Union’s leadership “never did [he] think they would resort to stealing money from people’s savings accounts.” The simple fact is that they know they cannot let any country leave, no matter how small, for “once one country goes, the whole deck of cards will come tumbling down.” There is now “clear irreconcilable differences” between the North and the South of Europe and now that they have done this in one country, “they are quite capable of doing it in Italy, Spain and anywhere.” The message that sends to people is ”get your money out while you can.” As far as his British constituents, he strongly recommends George Osborne (UK Chancellor) urge ex-pats to remove all their money and do monthly transfers from home. “Do Not Invest In The Euro-Zone,” he concludes,“you have to be mad to do so – as it is now run by people who do not respect democracy, the rule of law, or the basic principles upon which Western civilization is based.”

“They are propping up a Eurozone that, in the end, will collapse in disastrous failure and they are prepared to do anything to do so.”
5 minutes of reality from a European MP – must watch…


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