Anyone with their eyes and heart open can see that some of us have in fact been infected by a kind of virus, a parasitic cancer of the soul, which is also contagious, and is spreading rapidly.

In case you have never heard the term, in Native American traditions they have a word for this malignant virus of the psyche and soul. It is called “Wetiko”. More about it here.

In this essay i am going to endeavor to bring to light to just how we can begin to deal with this malignancy, before it overtakes us completely. In order to do that, we will need to see how it has infected us, and how it is using our energy. Although this is not a pleasant topic, take heart. It must be done, and my feeling is that to SEE it clearly is most of the battle. We can see the “nuts and bolts” of how it works in the system of corporate commerce.

The Strawman and the Ego are two sides of the same coin

What is the Strawman? You may have heard this term, and you may even be familiar with what it is, but perhaps you are not really aware of how it works in your life, or, why it is something that you need to be aware of.

But if you are concerned about the encroaching corporatism that is enslaving humanity and destroying the planet, and you want to be able to be effective in helping to stop this, then your Strawman is the place to start, because it is the corporation that you are supposed to think is you. Yes, that’s right, “you” are a corporation. The parasite cleanse begins at home, by taking responsibility for your “corporate self”.

But when i say “you”, i mean your ego, not the infinite being that you truly are.

Here is a great introduction, a very short video called “Meet Your Strawman”

The way to identify your Strawman is that it is simply your name in all capital letters. It is the name that is used in all business, on your passport, driver’s license, bills, bank account information, and so forth.

Just like your ego, your Strawman is an artificial person. But the trick, the deception, is that you are never told that your name in all capital letters is not really you, but a fictitious corporate entity. And you are tricked, time and time again, to sign for this entity, all the while thinking it is you.

In the same way, most humans walk around thinking that they are the mental duality construct in their heads, which is kept in place by unconscious reactivity, and built on uninspected assumptions about “reality”, inherited from parents, schools, religions, and so forth. This psycho-somatic infection of unconscious society, just going through the motions, like a machine, is called ego.

They Work Together

Let’s notice the correlations between the strawman and the ego. They reinforce each other.

The ego is a false persona, i.e., a mask, a fictitious entity that we have been inculcated from birth to believe is us. It is just an idea, the “I thought”.

“That which rises as ‘I’ in the body is the mind. If one inquires as to where in the body the thought ‘I’ rises first, one would discover that it rises in the Heart. That is the place of the mind’s origin. Even if one thinks constantly ‘I’, ‘I’, one will be led to that place. Of all the thoughts that arise in the mind, the ‘I’ thought is the first. It is only after the rise of the “I-thought” that other thoughts occur.”  - Sri Ramana Maharshi

This ego persona has a name, a nationality, and later, religious beliefs, job, and so forth. It identifies itself by what it does, how much money it has in the bank, whether it is a father, mother, sister, brother, husband, wife, etc. It exists as a part of time, because there is no place for it in timelessness. It is how we are bound in time.

Time is ruled in astrology by Saturn, which is also the ruling planet of the ego. It is Satan,  and the sense of separate self. It is the planet of Capricorn, which has to do with business, the corporate world, and the structures of society. No wonder so much Satanic activity exists in the upper echelons of government, religion, and the entertainment (illusion) business! Saturn is the “ring-pass-not”, the walls of society, outside of which you pass at your own risk. It is the rules, written and unwritten, that are enforced outwardly by the “legal” system, and inwardly by group-think.

Scared, or Sacred

This is what i am noticing, and I am not seeing anyone mentioning this: the Strawman is the “real-world” representation of the ego. It is a fictitious entity ascribed to you at birth, without your knowledge. When your parents signed your birth certificate, and registered you with the state, your Strawman came into being. It is the corporate version of you. It is what binds you into the system of commerce.

When you really start to contemplate and comprehend the correlations between the strawman and the ego, everything falls into place. It is the only way the “matrix” is able to interact with you and steal your energy. And every time it does interact with you it steals your energy.

And ego is the way that your energy gets robbed psychologically, because it places a limit on your infinite being. It locks you in fear. The strawman is the scarecrow. Its purpose is to keep you in fear and without a soul. Made of straw. Scared, not sacred.

Ego is Self-Contraction

The ego is the self-CONTRACTion. When you begin to understand exactly how ego works, you see how there is a subtle contraction going on in the subtle energy bodies, as well as in the physical body, which gives the sense of “I” and “other”, the sense of duality and separation, which is really the primal wound.

So we have to see how the system is constantly inviting, and moreover, coercing us to “contract” with it, in SO many different ways, from gross to subtle. Any time you sign any kind of official document, or license, that contains your straw man all-caps name, you are entering into a contract, you are “contracting” within the system of commerce.

Saturn is Satan, ego, and the principle of contraction, and rules contracts in general. All these things are really of the same energy, that of limitation, and the binding force of duality and separation. We say we are “bound” by a “contract”.

You may say, well, so what, that doesn’t affect me at all. Don’t be so sure. Remain open. Investigate for yourself. Notice how you feel. You may begin to recognize that in whatever contract you enter into within that system, you will be giving consent for the system to use your energy, to use your life-force like a battery.

The Parasite

The system has been referred to in many shamanic teachings and traditions as the Parasite, and for good reason. We have to see beyond the presentation it shows us, into what it is really doing with our energy. Why? Because, the more we “contract” with it, the more it is eating our souls, and thus destroying our capacity to be creative and truly alive.

Negative emotions of all kinds are food for it. From the Toltec tradition :

“The Parasite is a garbage eater. It loves fear and drama; it loves anger, jealousy, and envy; it loves any emotion that makes you suffer.” - Don Miguel Ruiz : The Four Agreements

Notice how many of your problems are centered around money, and the commercial system. Notice the way it is designed to keep you in fear, through the scarcity paradigm. If money was not an issue, how many of our problems would be left? This is done by design.

When someone has no soul, they have lost connection to the Primal Source Consciousness beyond all duality, which is the true source of all energy. The Sun we see in the sky is but a reflection of this Source Consciousness.

So when we begin to unravel the deceptions that fuel the whole ego process, we will inevitably come up against their “real-world” applications, and we will find the roots of those applications in the Uniform Commerce Code, the commercial system. Remember as well, that the legal system used all over the world, and centered in the private city-state within London called the “City of London”, in the form of the BAR Association, is completely tied into the UCC as well.

We will see how ego is reinforced by conditions of the system, and our relationships with others. We will begin to understand how unwelcome we have become in the land of the walking dead. It can be a very frightening experience for the awakening soul to really get the ramifications of this.

As John Lennon said: “the more real you get, the more unreal the world gets”. We begin to see that this is a massive deception going on here, much like in the Truman Show movie. A hologram, a dream (even a nightmare), a virtual reality.

Uniform Commerce Code (UCC)

The Uniform Commerce Code is the system by which all corporations interact, and it is in effect all over the planet. Since corporations can only interact with other corporations, and not with living beings, using this “code”, it became necessary that each human being become a mini-corporation of one.

Related: The Birth Certificate Odyssey

Since that is something no human being in their right mind would want to be, and since our consent is necessary for it to happen, our consent has to be obtained by way of deception. Why would anyone agree to having their energy stolen? Imagine if farm animals could understand how they were being used? Do you think they would agree to that?

One way to get your consent is to get it right when you are born, before you know better. And it is done by tricking your parents into signing you away, “regis”tering you to the state, as property of the state, much like cattle, or chattel, through the birth certificate. This is what the term “human resources” refers to. But your parents are not told that. The truth of what is really happening is hidden from them, so they simply think they are doing the right thing.

But then also we have to understand how the language of the legal system has been twisted, by assigning alternate meanings to words we use all the time. So that when we agree to one thing, we are in fact agreeing to something else entirely, which, if it were fully disclosed to us, we would never otherwise consent to.

There is so much great information available now about all of this, that i encourage you to do your own research, to understand exactly how this works.

Check your Cheques

Here is a dead giveaway. Seemingly small, but the implications are huge. If you have a chequing account at a bank, take a look at one of your personal checks.

Notice the line where you are supposed to sign the cheque. Notice at the end of the line it says “MP”. What does MP mean? It means Micro Print. In other words, that line on which you would sign your name is not really a line, it is actually micro print of some words. But in order to see those words you need a magnifying glass. And what do they say? “Authorized Signature”. Don’t believe me? Check your checks!

Let’s look at the crux of the issue. Why is it, that you are not supposed to know that the strawman is not you? Why does it say “authorized signature” SO small on your checks, that you can’t read it without a magnifying glass? The “official” answer is that it prevents fraud. Well, of course, like all official answers, the truth is the exact opposite. Actually, it IS fraud, and you are not supposed to see that.

Look, if you are the financial officer of a large corporation, and it is your job to sign the checks, there’s no problem. You know what you are doing. You know that you aren’t that corporation, and that it is just your job to sign the checks. It says “authorized signature” in big letters, so you can see that the person who is signing is administrating the account. On the checks of a company or corporation, “authorized signature” is written large enough to see. It is only on personal checks that you have to use a magnifying glass.

So in the case of your own checking account, you are not supposed to recognize that it is the exact same process going on ! WHY? inquiring minds want to know!

Your Natural Sign

It is because in fact, the state wants to be the administrator of your account, because in the state’s mind, it OWNS you. But, in order to activate your account in the myriad ways it wants to, it needs your signature. It needs the SIGN of your NATURE. Your natural, living self. Your ALIVENESS. It needs your CONSENT. And when you put that signature there, the state, and whatever it is behind that, receives your infinite energy.



In many cases, like when you are receiving a bank loan, your signature represents years of your time, energy, and attention, and you are receiving “money” that was created out of thin air, with a couple of clicks in a computer. Now, THAT is fraud.

Artificial Intelligence

The entity behind the corporate state is parasitic. It is artificial intelligence. It has no infinite energy of its own. It NEEDS your energy, and it needs you to remain UNCONSCIOUS. It does not like conscious energy. Consciousness Itself is KRYPTONITE to these entities. It is like sunlight to mold, it kills it. This entity survives by being hidden, and in the dark. Like a vampire, it cannot go out in the sun. It will die.

Think of the wizard in the Wizard of Oz. There is a big sleight-of-hand light show going on, that is mesmerizing everyone. And where does this light show get its electricity? From you, from us, from those of us who unconsciously consent to being used as batteries. As you watch TV, your consciousness is the electricity that lights it up, as it is drained out of you.

So to me, the crux of the issue, more than anything, is that if you are going to enter the commercial system, you need to do it consciously. You need to understand exactly what is happening, and what are the far reaching ramifications of engaging with it, for yourself, and for others. Understand the ways that it is powered by your energy, and take responsibility for that.

When you understand that YOU are the administrator of the straw man account, rather than the trustee, YOU are the one in control of it. So it is your decision to enter into a contract or not, fully understanding the ramifications. You remain in your power. But you also are aware of the risks.

Ego as Servant

Similarly, sometimes we need to use the ego, as a protective shield, as a vehicle for navigating 3D reality, and so forth. When ego is the servant, its true function is restored. When someone awakens to the Divine Reality, it is as if the King has returned home, much like Odysseus in the Greek masterwork, the Odyssey.

The King regains His throne, in the heart. And the impostor ego-mind is pushed out of the throne he has been occupying “illegally”. He is pushed back down to the floor and simply Outshone. The Sun Heart King says, “I am the administrator here, and you are the servant. Get thee behind me.”

But it is not desirable to “the state” that you enter into the contract consciously, because you will immediately perceive the fraud, and you will have taken back your power. You are no longer the trustee, or the slave, the pawn, the one acted upon. And then the state is restored to its true function, as nothing more than servant.

Understanding this is key to understanding how commerce can steal your soul, and thus cut you off from the source of creation. And if you are a creative artist, then your art will gradually take on the quality of the corporate system, which is imitation. Artificial intelligence, not real human intelligence. It will happen incrementally, so you won’t ever really notice until it’s gone, and then of course, you won’t have the capacity to notice any more.

Source Creation: Spontaneous Unlimited Manifestation

“The enlightened view includes the process of manifestation, includes this constant effulgence that creates all the things in the world from the void, that materializes each thing from nothing. In that sense, reality is a wizard. Out of complete nothingness appears all that we perceive and experience. And it’s as simple and as easy as dreaming something. When you dream, you create a whole universe that feels like solid matter; people get hurt and various things happen, but it’s really not taking any effort. You are completely asleep, completely resting, and it is all happening. It is the same with Quintessence; it is completely still and silent, and at the same time it is unfolding everything with effortless ease and spontaneity.” - From Diamond Heart Book Five: Inexhaustible Mystery, ch. 13, by A.H. Almaas

Source creation is the spontaneous abundance of infinite Life. It knows no end, it knows no limitation. It is this unlimited abundance that the Parasite needs to feed off of, because it has no direct access itself to this energy. So its main purpose is to keep you, through the process of attention, distracted from your connection to Source.

It does this through commerce, as well as religion and many other means. Ultimately it would prefer to see you permanently disconnected, with it acting as “middle man”, so it can use your eternal energy without any interference from you. That’s why it needs to obtain your consent through deceptive means.


Strawman as Corpse

Just as some original cultures feel that every photograph would steal their soul (careful, selfie-takers!!), every time you sign whatever legal or financial documents, it is important to see the process that happens, through your corporation, your corporate persona, your corpse, your straw man.

The straw man is a corpse. A dead body. A corp(se)oration. It is worth nothing to the state without your consent. It needs the LIVING SIGNATURE to receive the energy it needs to survive. Please recognize this!



And understand, as well, that merely seeing this thoroughly, completely changes the game. We do not need to fight against the state. That is exactly what it wants, actually. It can just as easily steal your energy if you are fighting against it, as if you are cooperating with it. When you SEE what is really happening, you can choose to participate or not. Sometimes it will be to your advantage to participate in some way, sometimes not. But you will be able to make an informed decision. And ultimately, when you refuse to play the game, the Parasite loses one more food source.


Going Truly Off-Grid

This ups the ante considerably on the whole process of going “off-grid”. It is so much more than just having a solar panel, although perhaps having the solar panel could be a metaphor for having your own direct connection to the Invisible and Indivisible Sun of Divine Reality.

To withdraw from the entire system at once is tricky. Since there is no alternative yet to that game, it’s the only game in town. Leaving it, is to truly go “off-grid”.



This requires a total transformation on all levels at once, which is not something that is going to happen for most of us overnight. But there are steps that can be taken, once we recognize the nature of this game. We can gradually plug the leaks, so to speak, by eliminating all the ways that energy is taken, one by one. Being in debt, especially to a bank, is the first and very obvious one. All debt needs to be eliminated.

Cooperation is the Antidote to the Corporation

Also, wherever possible, pass money from hand to hand, without running it through the commercial system. Simplify your life. If we can’t grow our own food, we can perhaps buy it from people we know who do grow it. Whenever possible pass money directly to people who are making a real contribution. Avoid giving your money to large corporations, and avoid getting it through large corporations.



All of this requires a major reorientation of your life. But every little bit helps to starve the beast. And, we have to work together. Cooperation is the antidote to the corporation.

But the most important part is to go “off-grid” within. To drop back from the grid of the mind and time, into the mirror state of the witness, and simply reflect, until all dissolves. The outer will follow suit, especially if enough of us practice this and we sustain it.


Realisation and Renunciation

As the great masters have said, realization and renunciation are two sides of the same coin. To really see through and dissolve the ego leads to the dismantling of the ego’s part in creating the false construct that is overlaid on Reality. The Strawman is the ego’s “evil twin”. Without the energy of the ego, the straw man falls down, dead.

Then one sees through the illusion of ownership, worldly success, power over others, control, and the binding power of the “ten thousand things” on the soul is dissolved.

As far as i can tell, to have a fully embodied enlightenment that becomes actualization, the inner and outer aspects of our lives need to coincide, and in fact, will, since outside is a reflection of inside.

It is not that in “renouncing the world”, one pushes the world away through an act of will. This is just more ego. It is just simply that one sees that they can no longer participate in the fruitless and illusory drama of having and doing for its own sake. One wakes up from the dream, which is habitually superimposed on Reality, and one sees things as they truly are.

The Power of Witnessing

Let’s not be afraid to look at this. And let’s understand how powerfully transformational it is to the entire morphogenetic field, just to simply see, to simply reflect, to BE the Witness and see all of  it, as in a mirror, unclouded by any agenda, whether someone else’s, or our own.



Yes, maybe something will need to be done, but it is important to understand that all the so-called “power” that this parasitic system has comes from it being hidden, occult, a secret.

Bringing it fully into the light will kill it, just like sunlight kills a vampire. It is counting on your denial, and your unwillingness to face it head on, with open eyes. Until we all do that, en masse, nothing will truly change.

And when we do, EVERYTHING will change in an instant.

There were two emergency market shutdowns in China within the first four trading days of this year, the Dow Jones Industrial Average has never lost this many points within the first three weeks, and just yesterday we learned that global stocks had officially entered bear market territory. 

The Dow was up just a little bit on Thursday thankfully, but even with that gain we are still in unprecedented territory.  According to CNBC, we have never seen a tougher start to the year for the Dow than we have in 2016…

“The Dow Jones industrial average, which was created in 1896, has never begun a year with 12 worse trading days. Through Wednesday’s close, the Dow has fallen 9.5 percent. Even including the 1.3 percent gains as of noon Thursday, the Dow is still down nearly 8 percent in 2016."

“Data from the U.S. Federal Reserve, meanwhile, say U.S. nonfinancial corporate stocks are now valued at about 90% of the replacement cost of company assets, a metric known as “Tobin’s Q.” But the historic average, going back a century, is in the region of 60% of replacement costs. By this measure, stocks could fall by another third, taking the Dow all the way down toward 10,000. (On Wednesday it closed at 15,767.) Similar calculations could be reached by comparing share prices to average per-share earnings, a measure known as the cyclically adjusted price-to-earnings ratio, commonly known as CAPE, after Yale finance professor Robert Shiller, who made it famous."

Of course the mainstream media doesn’t seem to understand any of this.  They seem to be under the impression that the bubble should have lasted forever, and this latest meltdown has taken them totally by surprise.



Ultimately, what is happening should not be a surprise to any of us.  The financial markets always catch up with economic reality eventually, and right now evidence continues to mount that economic activity is significantly slowing down.  Here is some analysis from Brandon Smith…

“Trucking freight in the U.S. is in steep decline, with freight companies pointing to a “glut in inventories” and a fall in demand as the culprit. Morgan Stanley’s freight transportation update indicates a collapse in freight demand worse than that seen during 2009. The Baltic Dry Index, a measure of global freight rates and thus a measure of global demand for shipping of raw materials, has collapsed to even more dismal historic lows. Hucksters in the mainstream continue to push the lie that the fall in the BDI is due to an “overabundance of new ships.” However, the CEO of A.P. Moeller-Maersk, the world’s largest shipping line, put that nonsense to rest when he admitted in November that “global growth is slowing down” and “[t]rade is currently significantly weaker than it normally would be under the growth forecasts we see.”

In addition, another very troubling sign is the fact that initial jobless claims are starting to surge once again…

“The number of Americans applying for unemployment benefits in mid-January reached seven-month highs, perhaps a sign that the rate of layoffs in the U.S. has risen slightly from record lows. Initial jobless claims climbed a seasonally adjusted 10,000 to 293,000 in the seven days stretching from Jan. 10 to Jan 16, the government said Thursday. That’s the highest level since last July."

Unfortunately, the “oil boomtowns” are now going bust, and workers are being laid off in droves.  As I mentioned the other day, 42 North American oil companies have filed for bankruptcy and 130,000 good paying energy jobs have been lost in this country since the start of 2015.  And as long as the price of oil stays in this neighborhood, the worse things are going to get.

A lot of people out there still seem to think that this is just going to be a temporary downturn.  Many are convinced that we will just go through another tough recession and then we will come out okay on the other side.  What they don’t realize is that a number of long-term trends are now reaching a crescendo.

For decades, we have been living wildly beyond our means.  The federal government, state and local governments, corporations and consumers have all been going into debt far faster than our economy has been growing.  Of course this was never going to be sustainable in the long run, but we had been doing it for so long that many of us had come to believe that our exceedingly reckless debt-fueled prosperity was somehow “normal”.

Unfortunately, the truth is that you can’t consume far more than you produce forever.  Eventually reality catches up with you.  This is a point that Simon Black made extremely well in one of his recent articles…

“Economics isn’t complicated. The Universal Law of Prosperity is very simple: produce more than you consume. Governments, corporations, and individuals all have to abide by it. Those who do will thrive. Those who don’t will fail, sooner or later. When the entire financial system ignores this fundamental rule, it puts us all at risk. And if you can understand that, you can take simple, sensible steps to prevent the consequences."

We are now starting to pay the price for decades of incredibly bone-headed decisions, and anyone that is looking to Barack Obama, the Federal Reserve or anyone else in Washington D.C. to be our savior is going to be bitterly disappointed.

And as bad as things have been so far, just wait until you see what happens next.

2016 is the year when everything changes.

Related: The Last 16 Times This Happened There Was A Recession

There is no need for everyone to feel the pressure if a few can make it go away.  I would rather be the one that faces that music. It is apparent that the music playing today is a familiar song to me and understand this game we have been playing for years now always would determine the outcome of our civilization.

Raymond Reddington is taking out the cabal in his world (in the television series “The Blacklist”) and now it is time for us to do the same in our world, the “real” world.

I have said for many years that Indonesia is at the epicenter of everything that needs to transpire.  It had to be.  It has been at the center since the 1950’s when the Western Alliance and Japan moved their stolen assets (mostly from China) throughout Asia to be used by them at a later date.

With the stolen assets being the real prize of the war which coincidentally was planned no later than 1921 by Emperor Hirohito and the Western Powers in London.  No sooner had the First World War ended and we had conspiracies beginning for a Second World War.

Soon after the Second World War and the theft and rape of many nations we had the Bretton Woods agreement which only gave the West, who created their own financial system, the opportunity to steal whatever it is and was they tucked away.

And they did tuck it away for a rainy day and that day is now, and the place is Indonesia.

Without the stolen assets placed in locations such as Indonesia the West is going to suffer a horrible defeat.  China is up on its heels, along with Russia, India and others including usual friends England and Germany  and to be frank “they are not going to put up with Western bullshit any longer”.

They have been stripping them down without firing a shot and magnificently so at that.  Then again the United States voted in a layman as President and he will be the one in the history books to take the blame for all that has happened and although unjust it is rightful seeing the mouthpiece of the West has no idea what he is doing (or does he?).

In the following preface you will see not only do the dots connect with what is happening now in Indonesia but how it all coincides with the Presidential election of Donald Trump; the only man that can and will be able to help us.

We no longer need Democrats or Republicans, both are of the same smelly ilk anyway (Soros/Rothschild) and although Mr. Trump is running as a Republican you can quickly reflect back a couple of months when he was ready to leave the party if it continued playing games.

He is not one of their boys simply because he is his own man paying his own way.  And on this worldwide stage and with the entire game at stake and Indonesia at bat you can clearly see a repetition of the Sukarno/Kennedy alliance emanating in the very near future between Trump and Widodo (the current President of Indonesia).

I have spent a lot of time in Indonesia and I see how they can be (not just they but all) joined at the hips, thereby making this world a better place as it was meant to be.

There are necessary steps that have to be taken and things that have to be done by the Indonesian people in order to bring about certain specific outcomes; but when this is all over with not only Indonesia and the East win this ballgame, but we all win.

Yet the Key to winning is the same as in any game and that is the Trump card and be sure the United States holds the one and only unique Trump card in the world.

The Preface

In his typical lighthearted fashion, on this occasion Neil begins by introducing us to his Snow Woman, Thasja; who is blessed with M&M’s for eyes and shells from Bali as buttons.

Neil notes that this post has been, unfortunately, a bit of a rushed job but there are a few serious matters that need to be tabled.

The mall attack in Jakarta had nothing to do with foreigners. This attack was another attempt to spread the cabal-engineered brand of the “Islamic State” and Islamic extremism further around the world. It was also a message from the cabal that they do not want the Global Collateral Accounts’ assets released.

But they have no choice in the matter. The truth is that this latest false flag event was carried out by an Indonesian national – who used to work for the “Islamic State” in Syria. This man had previously spent over two years in jail in Indonesia on terrorism charges.

Neil also reminds us about the insurrection in Indonesia that was financed by Rothschild bagman George Soros - that the Indonesian military had to put an end to.

He recalls Bill Clinton’s Arkansas Foundation funneling drug money into the country so that they could try to assassinate the Vice President of Indonesia – with a plan to plant a western cabal-run Vice President in his place there.

Neil reminds us that the Japanese military mobilized for the first time since WW2, in an attempt to invade and steal the Indonesian Gold; only to be derailed by Keenan who publicly exposed the planned attack.

Neil further exposes the plot regarding Colombian drug money being sent by the Clinton Arkansas Foundation directly to Indonesian globalists and politicians, in their attempt to create panic and chaos in Indonesia and to manufacture a cabal-controlled government.

Remember, the plan was to assassinate the Indonesian Vice President.

The Clinton Gang had flown in on their private jets, the Japanese Emperor’s sister had also flown in on her jet with her Indonesian husband, and money transfers had taken place through Bill Clinton’s Arkansas Foundation – directly to a political party.

Said funds were illegal, confiscated Colombian drug funds which somehow found their way from the US Drug Enforcement Agency coffers through the Arkansas Foundation into Indonesia with the main objective being to steal what does not belong to either the Clintons nor the Japanese Emperor’s sister. The assets belong to the depositors.

We advised long ago that this was the plan, and of course that the Japanese Military is on standby.  Should they not be able to purchase the gold, the West and their allies will attempt to take the assets one way or another.

Neil recalls the World Economic Forum meeting in Jakarta and their efforts to get their sticky mitts further into Indonesia. It is important to acknowledge that the World Economic Forum is another name for the Bilderberg network. These organizations are the same but different, in some respects.

In any event, we know for sure that the way that these thugs infiltrate countries is by way of heavy investment – investment with certain devious terms. And then soon enough, when a nation cannot repay the debt owed to said WEF, demand for payment will be made in terms of resources and assets, including political placements.

Neil reiterates that China and other countries have made it very clear that they no longer want any of these US dollar “Federal Reserve Notes”. They are dumping them and they are working towards taking down the US dollar as the global reserve currency, by requiring that payments for goods and services rendered be made in their own national currencies.

This further serves to weaken the grip of the cabal with regards to their already-sinking ship. The US corporation dollar could have been saved once upon a time but now it has to go; as it is too far gone.

Everybody is fed up with the puppet Obama and the machinations of his handlers.

These “people”; the likes of Barack Obama in the US, David Cameron in the UK, John Key in New Zealand, and whomever the current Prime Minister of the day happens to be in Australia – do only what their handlers instruct them to do.

While there are many people still trying to get their heads around the concept of a ‘President Trump’; he is the only candidate that refuses to deal with moneyed lobbyists and corporate funding. He is fully self-funded and will not let anybody attach strings to him, such that they would like to pull.

The rest of the candidates are hopeless “bipartisan system” cut-out phonies – and Hillary is going to wind up in jail.

Neil states that without a President Trump, it would be extremely difficult to get assets from the Global Collateral Accounts into the United States without said resources being swiped by the cabal.

Therefore; Donald Trump should not only be the officially elected President of the United States of America; but as for “We The People” of America, and “We The People” of the World – he should become known as the Trump card.

And as we understand the Trump card supersedes all others.

He will rid us of the vermin that reside within, and who occupy and control the system. And in essence, we talk about the Pied Piper often, but this is one individual who will clean up the mess that others created. He is a winner, but most of all he is Donald Trump, and that is what makes him unique.

It has emerged that many members of the cabal have planned to relocate to remote New Zealand locations and to exterminate the Maori population – they intend to take control of their remote tribal landholdings in order to establish strongholds there.

But the Maori are a warrior race; and there are many in NZ who are all too well aware of the game that is afoot.

Neil notes that the funding and projects that will come to New Zealand from the Global Collateral Accounts will come only by way of Richard, who is a member of Group K, and who was born in, and who lives in New Zealand.

In New Zealand, as in all places, the Global Collateral Account assets will be distributed by way of foundations that will be especially established in order that the cabal and their minions cannot gain access to any GCA assets.

Neil reflects upon the point that we could have had this whole thing done earlier, and that in the early days resources were not perhaps always used in the best possible ways – but this is to be expected when one is gaining an assessment of the lay of the land – and who’s who in the zoo, so to speak.

Additionally, contributing to the fact that we are not out of this bind yet are the actions of the numerous shills such as the Italian Daniel dal Bosco, who got in the way and created trouble on the behalf of the P2 Lodge / Vatican.

This is all covered in the recently published ‘History and Events Timeline’ section of our website. (There are now PDF download versions of this material available, and at the time of writing these are available in English and Russian. We also have further translations in the works for other recent posts).

Neil reminds us of the threat made by John Kerry when he visited Indonesia; that he wanted the gold – and when he was told that he could not have any gold - he remarked about the weather and earthquake technologies that the West (the Zionist Nazi faction of the Cabal) have access to.

Kerry indirectly threatened to ‘sink’ Indonesia (and any other country that attempts to stand in their way) and this threat is on the record… just so you know. One further note; Indonesia has already felt the wrath of the HAARP machines, as have Turkey and a number of South American nations.

The cabal will not be taking over Indonesia.

Neil notes that he is very clear on the steps that need to be taken from here. We are just about there, and we will win. There are no second thoughts, we will win.

Neil recalls that when John F. Kennedy returned home from his last meeting with President Sukarno in Indonesia relating to efforts to establish a new US financial system – that at that time, JFK already had two strikes against him.

The first being Kennedy’s return of West Papua from the Dutch, to the Indonesians; thereby alienating the oil and corporate magnates that had significant control over strategic locations, also noted for gold deposits.

Secondly, Kennedy overlooked the deception with regards to his very own Vice President Lyndon Johnson who was receiving all information pertaining to the proceedings in Indonesia and who was forwarding this information to his handlers; information relating to the dissolution of both the CIA and the Federal Reserve Banks.

This directly led to to John F. Kennedy’s assassination.

Both Presidents Kennedy and Sukarno were working on numerous projects to make their nations stronger and greater; but one such project in particular was the new American financial system; eliminating all privately owned Federal Reserve FIAT currency printing – and returning the power of issuance of the nation’s currency to the American government itself.

“On June 4, 1963, a virtually unknown Presidential decree, Executive Order 11110, was signed with the authority to basically strip the Bank of its power to loan money to the United States Federal Government at interest. With the stroke of a pen, President Kennedy declared that the privately owned Federal Reserve Bank would soon be out of business. The text of Executive Order President Kennedy’s Executive Order (E.O.) 11110 modified the pre-existing Executive Order 10289 issued by U.S. President Harry S. Truman on September 17, 1951, and stated the following: The Secretary of the Treasury is hereby designated and empowered to perform the following-described functions of the President without the approval, ratification, or other action of the President… The order then lists tasks (a) through (h) which the Secretary may now do without instruction from the President. None of the powers assigned to the Treasury in E.O. 10289 relate to money or to monetary policy. Kennedy’s E.O. 11110 then instructs that: SECTION 1. Executive Order No. 10289 of September 9, 1951, as amended, is hereby further amended (a) By adding at the end of paragraph 1 thereof the following subparagraph: The authority vested in the President by paragraph (b) of section 43 of the Act of May 12, 1933, as amended (31 U.S.C. 821(b)), to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury not then held for redemption of an outstanding silver certificates, to prescribe the denominations of such silver certificates, and to coin standard silver dollars and subsidiary silver currency for their redemption,’ and (b) By revoking subparagraphs (b) and (c) of paragraph 2 thereof. SECTION 2. The amendments made by this Order shall not affect any act done, or any right accruing or accrued or any suit or proceeding had or commenced in any civil or criminal cause prior to the date of this Order but all such liabilities shall continue and may be enforced as if said amendments had not been made. John F. Kennedy, THE WHITE HOUSE, June 4, 1963.”

And in concluding this update, Neil touches on the point that he has a number of “Irons in the fire” and it is simply a matter of time until he gets things moving either now and / or once he is back in Indonesia. We are very close to our goal now and so Neil is choosing his words with great consideration.

Neil Keenan and Group K.


Video Part One

Video Part Two

Oversupply is not the reason that oil is dropping in price faster that Exxon Corporation can say “uh-oh.” Canadian oil is dropping even lower, in some cases to $8 a barrel.

Falling oil prices are not driving Moscow to expand its austerity program in an attempt to balance an expected deficit of $38.6 billion in 2016. You can be sure President Vladimir Putin was at least three chess moves ahead of tumbling oil prices. Marek Dabrowski, co-founder of the Center for Social and Economic Research in Warsaw and a professor at Moscow’s Higher School of Economics, recently ran the numbers on the oil-exporting economies and discovered a paradox. Russia is not even close to being the most oil-dependent of these countries.

It gets even more interesting though. China has announced that the Asian Infrastructure Investment Bank (AIIB) is up and running as promised late last year. Members of the bank include China, Russia, Denmark, Egypt, Iran, Italy, Poland, Sweden, Switzerland, Sri Lanka, the Philippines, Kuwait, and others – noticeably absent is the United States of America.

Moreover, the BRICS Bank, headed by Russia, is also moving forward. A recent Forbes article, titled, “With Russian Official Said to Head BRICS Bank, Will Dollars Get Dissed?” invokes the underlying theme of the silent revolution happening under our noses.

Add to the picture – commerce between Europe and North America has literally come to a halt. For the first time in known history, few cargo ships are in-transit in the North Atlantic between Europe and North America. All of them (hundreds) are either anchored offshore or in-port. NOTHING is moving, reports ZeroHedge. Some claim that shipping companies are demanding to be paid in Chinese yuan, and this is why no goods are moving.

Add these little tidbits:

The Swiss National Bank decoupled from the Euro.

Former Assistant Treasury Secretary Paul Craig Roberts claimed the Federal Reserve doesn’t have any more gold. That’s why they could only give Germany 5 tons of the 1,500 tons it’s holding. In fact, when Germany asked for this delivery, the Fed said no.

China has been dumping US debt.

Commerce – that is dry goods going from other countries to the US as measured by the Baltic Dry Index, has been greatly slowed if not stopped.

China and Russia have been buying up physical gold.

12,000 oil-smuggling trucks have been caught taking Iraq’s ‘liquid gold’ into Turkey for use via ISIS.

Russia now has access to cheap oil from Iran.

Countries have been clamoring to exit the cabal banking system propped up by US Mafioso banks and criminal drug cartels, as well as a rigged stock market.

The US Stock market took a nose dive at the beginning of the year.

As Matt Taibi wrote for Rolling Stone last year in an article titled, “Everything is Rigged, Continued: European Commission Raids Oil Companies in Price Fixing Probe,”: “the European Commission regulators yesterday raided the offices of oil companies in London, the Netherlands and Norway as part of an investigation into possible price-rigging in the oil markets. The targeted companies include BP, Shell and the Norwegian company Statoil. The Guardian explains that officials believe that oil companies colluded to manipulate pricing data.”

To many, it is old news that the US Corporate government is bankrupt. The new news is how they are being taken down systematically by the ‘white hats’ and other benevolent interests within our world organizations that are tired of being pushed around by criminals using the petro-dollar, and fiat money.

These signs tell of a larger picture.

Secret bank bailouts are soon to be a thing of the past. So are bank bail-ins. Industry corruption such as the Fifa ‘bribe’ which was funneled via HSBC in Hong Kong came from a US bank fined for a link to Colombian drug cartel will continue to be exposed, and huge fines will be paid. In other cases, bankers representing the cabal will be fired or put in jail.

At the end of 2015, the CEO of Brazil’s largest investment bank was arrested. This was accompanied by huge layoffs at major banks across the US. Regions bank has announced 260 layoffs for 2016. Bank of America, Citibank and other cabal-fronts will also lay off thousands of people this year. As part of a crackdown on corruption, China has also uncovered the largest “underground bank” in the country.

Over 370 individuals involved in the scheme have been arrested, according to the People’s Daily, for handling 400 billion yuan ($64 billion) in illegal foreign-exchange transactions. It seems the crime syndicate had tentacles everywhere. Though slow, the preliminary schedule for mass arrests and for the re-chartering of the world’s fraudulent banking system is underway.

With cyber warfare becoming part of leaked news daily, the strategic moves of Putin, and the new banking institutions coming into the fore, we may finally see the end of Cabal rule.

Released on Wednesday, the study by the UK-based social justice group Global Justice Now takes a specific look at the impact of the world’s largest philanthropic charity, the Bill & Melinda Gates Foundation (BMGF), to assess how large-scale private giving may be “skewing” how international aid works.

With more than $43 billion in assets, the Gates Foundation is often lauded as a global force for social good that uses its vast financial resources to launch initiatives and support existing projects in order to, according to its mission, “help all people lead healthy, productive lives.”

The new report, however - entitled Gated Development: Is the Gates Foundation Always a Force for Good? - argues that regardless of good intentions or motivations, the foundation’s “concentration of power is undemocratically and unaccountably skewing the direction of international development” which in turn is “exacerbating global inequality and entrenching corporate power internationally.”

As Mark Jones, lead researcher and author of the report, explains in the introduction:

"Analysis of the BMGF’s programmes shows that the foundation, whose senior staff is overwhelmingly  drawn from corporate America, is promoting  multinational corporate interests at the expense  of social and economic justice. Its strategy is  deepening – and is intended to deepen – the  role of multinational companies in global health  and agriculture especially, even though these  corporations are responsible for much of the  poverty and injustice that already plagues the  global south. Indeed, much of the money the  BMGF has to spend derives from investments in  some of the world’s biggest and most controversial  companies; thus the BMGF’s ongoing work  significantly depends on the ongoing profitability  of corporate America, something which is not  easy to square with genuinely realising social and  economic justice in the global south."

“The Gates Foundation has rapidly become the most influential actor in the world of global health and agricultural policies, but there’s no oversight or accountability in how that influence is managed,” argues Polly Jones.

"This concentration of power and influence is even more problematic when you consider that the philanthropic vision of the Gates Foundation seems to be largely based on the values of corporate America. The foundation is relentlessly promoting big business-based initiatives such as industrial agriculture, private health care and education. But these are all potentially exacerbating the problems of poverty and lack of access to basic resources that the foundation is supposed to be alleviating.”

Based on a careful review of the charity’s behavior, the report offers these specific criticisms of the Gates Foundation:

The relationship between the money that the foundation has to give away and Microsoft’s tax practices. A 2012 report from the US Senate found that Microsoft’s use of offshore subsidiaries enabled it to avoid taxes of $4.5 billion – a sum greater than the BMGF’s annual grant making ($3.6 billion in 2014).

The close relationship that BMGF has with many corporations whose role and policies contribute to ongoing poverty. Not only is BMGF profiting from numerous investments in a series of controversial companies which contribute to economic and social injustice, it is also actively supporting a series of those companies, including Monsanto, Dupont and Bayer through a variety of pro-corporate initiatives around the world.

The foundation’s promotion of industrial agriculture across Africa, pushing for the adoption of GM, patented seed systems and chemical fertilisers, all of which undermine existing sustainable, small-scale farming that is providing the vast majority of food security across the continent.

The foundation’s promotion of projects around the world pushing private healthcare and education. Numerous agencies have raised concerns that such projects exacerbate inequality and undermine the universal provision of such basic human necessities.

BMGF’s funding of a series of vaccine programmes that have reportedly lead to illnesses or even deaths with little official or media scrutiny.

In Polly Jones’ forward to the report, she explains why the ideological underpinnings of the foundation—often overlooked or ignored in mainstream assessments - are essential to understanding the downside of BMFG’s powerful influence:

"[This report] demonstrates that the trend to involve business in addressing poverty and inequality is central to the priorities and funding of the Bill and Melinda Gates Foundation. We argue that this is far from a neutral charitable strategy but instead an ideological commitment to promote neoliberal economic policies and corporate globalisation. Big business is directly benefitting, in particular in the fields of agriculture and health, as a result of the foundation’s activities, despite evidence to show that business solutions are not the most effective. For the foundation in particular, there is an overt focus on technological solutions to poverty. While technology should have a role in addressing poverty and inequality, long term solutions require social and economic justice. This cannot be given by donors in the form of a climate resilient crop or cheaper smartphone, but must be about systemic social, economic and political change – issues not represented in the foundation’s funding priorities."

Earlier this week, Oxfam International released a report showing that economic inequality across the globe has soared to such heights that now a mere 16 individual billionaires, including Bill Gates, own more wealth than the 3.6 billion people who represent the poorest half of the world’s population. In total, the report confirmed, the richest 1% of people now own more than the bottom 99% combined.

These shocking levels of unequal distribution of wealth are the cause, say experts, of increasingly intractable poverty levels in places like sub-Saharan Africa and across the Global South. 

“The richest,” said Oxfam’s executive director Winnie Byanyima, “can no longer pretend their wealth benefits everyone – their extreme wealth in fact shows an ailing global economy. The recent explosion in the wealth of the super-rich has come at the expense of the majority and particularly the poorest people.”

Last week, as Common Dreams reported, international watchdog group The Global Policy Forum put out its own critical report critical regarding the impacts of large philanthropic foundations and charities. Employing the term “philanthrocapitalism” to described the phenonomen, the report argues that the “influence of large foundations in shaping the global development agenda, including health, food, nutrition, and agriculture” raises “a number of concerns in terms of how it is affecting governments and the UN development system.”

And the intersection between outrageous levels of inequality on the one hand and the rise of powerful private foundations on the other shows how interlocked these phenomenons have become. As Gary Olson, professor of political science at Moravian College in Pennsylvania, wrote recently at Common Dreams, “The one thing that Big Philanthropy must overlook is the green elephant astride the boardroom’s conference table, the economic system that causes and extends [economic and social] injustices in perpetuity.”

Wall Street tumbled 390.9 points on Friday and is down 8.2% so far this year on concerns a further decline in the Chinese economy and weak US shopping data in December.

US markets are closed today for the Martin Luther King Day and the three-day holiday weekend at a time of falling international markets added to investor nervousness.

The Dow Jones Industrial Average closed at 15,988.08, the first time since August 25 that it has dropped below 16,000.

This occurred after the New Zealand market finished the week on a high at 6169 on the S&P/NZX 50 index.

Oil prices continue to fall

Elsewhere, the Chinese market is down 18%. Energy shares have led the worldwide drop, reflecting reduced demand for oil, which has fallen below $US30 a barrel in the US.

Oil has fallen 20% this year and is off 52% from its 2015 peak. Low oil prices have resulted in a supply glut, which will be exacerbated by the lifting of sanctions against Iran.

But it is the situation in China that has dominated thinking among market analysts. China has borrowed huge amounts to stimulate its economy, leading to serious overcapacity in everything from factories to luxury apartments.

This has fuelled concerns of a hard landing in the Chinese economy, one of the main drivers of world economic growth. Although the US is slowly recovering [horseshit], investors have turned their attention to how it might be affected by overseas events.

Some say this could lead to a rerun of the 2008 global financial crisis. But others point out this was caused by heavy indebtedness and this is no longer a feature of the US economy [more horseshit].

Household debt is well below 2007 levels, when borrowing equalled 130% of income. Today that is down to 103% as of last year’s third quarter.

Further, super-low interest rates mean households are now devoting 15.3% of income to meeting debt and other financial obligations versus 18.1% in 2007. Banks are also in a far better position to absorb losses than during the global financial crisis. Countering this is the lack of monetary or other tools to stimulate the economy.

So investors have sought safe-haven assets, including US government bonds, which have dropped to below 2%, and gold, which surged 1.6% on Friday to $US1091.50 an ounce.

A group of former bankers on Monday became the first to be formally charged with manipulating the Euro Interbank Offered Rate (Euribor) - a daily reference rate compiled from estimates that Eurozone banks give of their cost of borrowing.

The case is the latest legal effort to hold accountable dozens of bankers involved in a global rate-fixing scheme, which also involved the Euribor's British counterpart, the London Interbank Offered Rate (Libor). The benchmark rates are used to set terms for $450 trillion (414 trillion euros) in securities worldwide.

Global investigations into the money-making scheme, which was first revealed in the wake of the 2008 financial crisis, have so far culminated in banks and brokerages paying some $9 billion in regulatory settlements, and more than 30 individuals being charged.

Six Ex-Barclays, Deutsche Bank Traders To Stand Trial In 2017

Trial scheduled for September 2017 by London judge Wednesday
Five other defendants in case yet to appear in U.K. court

Six defendants accused of conspiring to manipulate a key interest-rate benchmark while working at Deutsche Bank AG and Barclays Plc will stand trial in September 2017 in a London court.

Former Deutsche Bank trader Christian Bittar and one-time colleague Achim Kraemer, as well as ex-Barclays employees Philippe Moryoussef, Colin Bermingham, Carlo Palombo and Sisse Bohart appeared in court Wednesday in front of Judge Nicholas Loraine-Smith. All six are scheduled to enter pleas in December.

Clockwise from top L-R: Kraemer, Bohart, Bermingham, Moryoussef, Bittar and Palombo

The group is among 11 traders accused of conspiring among themselves and with other bank employees between Jan. 1, 2005, and Dec. 31, 2009, to "procure or make submissions" in relation to the euro interbank offered rate that were false, according to court documents. They are the first to face charges globally in relation to Euribor, the euro counterpart of the London interbank offered rate. A number of former traders are facing prosecution for allegedly rigging Libor. The other five defendants in the Euribor case worked at Deutsche Bank and Societe Generale SA and live in Germany and France. They didn’t appear at the first court hearing Monday to face the charges from the U.K. Serious Fraud Office. Loraine-Smith said the SFO must inform the court how it would proceed with those five at a hearing in March.

Back in early August, the Baltic Dry Index was sitting at 1,222, and since then it has been on a steady decline. Of course the Baltic Dry Index crashed hard just before the great stock market crash of 2008 too, but at this point it is already lower than it was during that entire crisis. 

If you are not familiar with the Baltic Dry Index, here is a helpful definition from Wikipedia…

“The Baltic Dry Index (BDI) is an economic indicator issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the index provides “an assessment of the price of moving the major raw materials by sea. Taking in 23 shipping routes measured on a timecharter basis, the index covers Handysize, Supramax, Panamax, and Capesize dry bulk carriers carrying a range of commodities including coal, iron ore and grain."

The BDI is one of the key indicators that experts look at when they are trying to determine where the global economy is heading.  And right now, it is telling us that we are heading into a major worldwide economic downturn.

Some people try to dismiss the recent drop in the Baltic Dry Index by claiming that shipping rates are down because there is simply too much capacity out there these days.  And I don’t dispute that. Without a doubt, too many vessels were built during the “boom years”, and now shipbuilders are paying the price.  For example, Chinese shipyards reported a 59 percent decline in orders during the first 11 months of 2015…

“Total orders at Chinese shipyards tumbled 59 percent in the first 11 months of 2015, according to data released Dec. 15 by the China Association of the National Shipbuilding Industry. Builders have sought government support as excess vessel capacity drives down shipping rates and prompts customers to cancel contracts. Zhoushan Wuzhou Ship Repairing & Building Co. last month became the first state-owned shipbuilder to go bankrupt in a decade."

The global economy is a mess, but many people are not paying any attention to the economic fundamentals because they are too busy looking at the stock market.

The stock market does not tell us how the economy is doing.  If the stock market is up today that does not mean that the economy is doing well, and if the stock market is down tomorrow that does not mean that it is doing poorly.

Yes, the health of the financial markets can greatly affect the overall economy.  We saw this back in 2008.  When there is a tremendous amount of panic, that can cause a credit crunch and make it very difficult for money to flow through our system.  The end result is a rapid slowdown of economic activity, and it is something that we will be experiencing again very soon.

But don’t let the day to day fluctuations of the stock market fool you.  Just because the Dow was up 227 points today does not mean that the crisis is over.  It is important to remember that stocks are not going to go down every single day. 

On Thursday, the Dow didn’t even regain two-thirds of what it lost on Wednesday.  Even in bear markets there are up days, and some of the biggest up days in stock market history were right in the middle of the crash of 2008.



It is critical that we take a long-term view of things and not let our vision be clouded by every tick up and down in the financial markets.  Initial jobless claims just hit their highest level in about six months, and companies like Macy’s and GoPro are laying off thousands of workers. Things are already bad, and they are rapidly getting worse.

And let us not forget the great amount of financial carnage that has already happened so far this year.  According to CNBC, approximately 3.2 trillion dollars of stock market wealth was wiped out globally during the first 13 days of 2016…

“Almost $3.2 trillion has been wiped off the value of stocks around the world since the start of 2016, according to calculations by a top market analyst. It has also been the worst-ever start to a year for U.S. equities, said Howard Silverblatt, senior index analyst at S&P Dow Jones Indices, as both the S&P 500 and the blue-chip Dow Jones industrial average have posted their steepest losses for the first eight days trading of a year."

Over the past six months, there have now been two 10 percent “corrections” for U.S. stocks.  The only other times we have seen multiple corrections like this were in 1929, 2000 and 2008.  If those years seem familiar to you, that is because they should. In all three years, we witnessed historic stock market crashes.

The stunning collapse of the Baltic Dry Index is just more evidence that we have entered a global deflationary crisis. Goods aren’t moving, unemployment is rising all over the planet, and commodity prices have fallen to levels that we have not seen in over a decade.

Around the globe, there have been dramatic stock market crashes to begin the year, and we should expect to see much more market turmoil during the weeks and months to come.



If the markets have calmed down a bit for the moment, we should be very thankful for that, because we could all use some additional time to prepare for what is coming.

The debt-fueled standard of living that so many of us are enjoying today is just an illusion.  And many of us won’t even understand what we have been taking for granted until it is taken away from us.

A great shaking is coming to the global economy, and the pain is going to be unimaginable.  So let us enjoy every single day of relative “normalcy” while we still can, because there aren’t too many of them left.

This would mean that the Khazarian Mafia still has the motivation to implement their globalist ambitions, although the BRICS are interfering on their capacity to do so at the moment.

China’s initial financial attack in 2007 that led to the West’s economic plunge a year later can still be felt until today.

“Wall Street banks are getting smaller. Around the world, banks have been cutting down on their workforce in the face of new regulation and declining profits, the Wall Street Journal reported Friday. Since 2010, the number of workers in the front office has fallen by 20 percent globally, according to a report from Coalition Ltd. These cuts are happening across the world’s largest investment banks. For the top ten banks, the number has fallen four percent since last year, a total loss of 2,100 workers. This is the fourth consecutive year of a declining workforce on Wall Street, continuing a trend in which bankers and traders are no longer on top. Among the disappearing are bankers, traders, salespeople, and analysts. Meanwhile, banks are stocking up in cybersecurity, IT, and compliance departments. “ - Business Insider

Yalman Onaran Yalman_Onaran, December 31, 2015 — 6:00 PM HKT

Staff reductions at some of the world’s biggest banks are far from over. Deutsche Bank AG, which has held employment close to its 2010 peak, plans to slash 26,000 positions by 2018, following a trend that began with the financial crisis.

“Announced cuts in the fourth quarter total at least 47,000, following 52,000 lost jobs in the first nine months of 2015. That would bring the aggregate figure since 2008 to about 600,000. UniCredit SpA says it will eliminate about 18,200 positions. Citigroup Inc., which has reduced its workforce by more than a third, plans to eliminate at least 2,000 more jobs next year.“ - Bloomberg

“U.S. Treasury yields are below where we thought they would be a year ago” as a decline in oil prices capped inflation, Francesco Garzarelli, Goldman Sachs’s co-head of macro and markets research in London, wrote in a report Wednesday. Higher policy rates in the U.S., a pickup in inflation and economic growth will propel yields higher in 2016, Garzarelli said. An investor would lose about 3.2 percent if Goldman Sachs’s yield forecast proves to be accurate, data compiled by Bloomberg show. Goldman Sachs and JPMorgan are both primary dealers, the 22 firms that trade directly with the Fed and underwrite the U.S. debt. Yields may “move up slowly,” said Tony Crescenzi, a market strategist at Pimco, which has $1.47 trillion in assets and manages the world’s biggest actively run bond fund. Ten-year yields will probably be in a range of about 2.25 percent to 2.75 percent, with the band rising from 2 percent to 2.50 percent, Crescenzi, who is based in Newport Beach, California, said in an interview with Bloomberg Wednesday.“ - Bloomberg

Why I’m Closing My Bank Accounts While I Still Can

From: MoneyMorning

Not long ago I walked into a local branch of my bank – the 13th largest bank in the United States based on consolidated banking assets, according to the Federal Deposit Insurance Corporation’s (FDIC) second-quarter 2015 data.

I wanted to cash a check for a few thousand dollars. It was a business check made out to cash; it was my business account and there was plenty of money in it.

What happened next was, frankly, frightening. And it has profound implications for everyone.

That’s because it means capital controls, courtesy of the government and the U.S. Federal Reserve, could be right around the corner. They’re already in effect in some form.

That means you might not be able to get the money you want out of an ATM. You might not be able to cash a check when you have plenty of money in your account. Or worse… your bank could take your deposited cash and convert it to shares of stock in that bank.

In other words, if you think you’ll always be able to get your money out of your bank, you’re wrong.

Here’s what happened…

It Started Innocently Enough

When I went to cash the check, a routine activity that must happen millions of times every day in the United States, the woman behind the big, thick glass partition said:

"I’m sorry. I can’t cash this for you.” “Pardon me,” I said. “What do you mean you can’t cash that?” She replied matter-of-factly, “I don’t know you.” “You don’t know me because you’re new here,” I replied. “Please get the branch manager,” I requested politely. “I’ll call her, but you’ll have to fill out this form,” she told me as she reached into a drawer under the counter. Just then the branch manager came over to the teller inside the cage. “Hi Mr. Gilani, is there a problem?” she asked. “Yes, there is a problem,” I replied. “I’m trying to cash a check and first this young lady said she didn’t know me and couldn’t cash the check, then she said I’d have to fill out some forms to get my money out. What’s going on?” The manager told me there were some “new rules” they had to follow. She acknowledged she knew me, telling the teller I was okay, but told me I’d still have to fill out the form. “I am not filling out any form ever to take my money out of my account,” I stated. “Is that a federal law or is that this bank’s idea of customer service?” “It’s just what we have to do now,” the manager replied. So I looked at her as if to say, “Really? You’re not going to tell me why I have to fill out a form to take cash out of my account?” Then I said, very calmly, “I’m sorry – and I don’t want to be a jerk – but if you don’t cash this check or if I’m ever asked to fill out a form again when I cash a check, I’ll close all my accounts here.”

I got my cash… and a seriously creepy feeling.

No one has ever been able to tell me why the teller wouldn’t cash my check, not even my friends who own banks. The best answer I got was, it was a new teller and she probably didn’t understand the SARs rules and figured she’d better not cash the check, in case she got in trouble.

Which begs the question, what are SARs?

They are Suspicious Activity Reports. And according to the FDIC’s website…

“A bank shall file a suspicious activity report with the appropriate federal law enforcement agencies and the Department of the Treasury, in accordance with the form’s instructions, by sending a completed suspicious activity report to FinCEN (Financial Crimes Enforcement Network) in the following circumstances: Insider abuse involving any amount. Transactions aggregating $5,000 or more where a suspect can be identified. Transactions aggregating $25,000 or more regardless of potential suspects. Transactions aggregating $5,000 or more that involve potential money laundering or violations of the Bank Secrecy Act.”

Banks fill out these reports regularly. They have to.

In fact, according to a post on the well-respected ZeroHedge.com site;

“Banks have minimum quotas of SARs they need to fill out and submit to the federal government. If they don’t file enough SARs, they can be fined. They can lose their banking charter. And yes, bank executives and directors can even be imprisoned for noncompliance.”

As annoyed as I was with the difficulty of getting my money out of my account (and the teller no doubt filing a SAR on me), at least I was able to get my money.

But that can change.

There are two scenarios where depositors could either be restricted from withdrawing their cash or have their deposits confiscated and converted into bank stock shares. What if they replace all bank branch managers, too, so that the new ones could say, “I don’t know you… “, so you can’t cash out your own check?

Will the massive lay-offs and system automaton be able to avert an impending fiat banking collapse?

Honestly, we don’t really think so, because that’s the whole idea of why the BRICS Alliance are establishing their own financial system.

A sizable number of [not just] Americans already know that the Internal Revenue Service is a private corporation based in Puerto Rico and its collection of income taxes is grossly unconstitutional, we are wondering what keeps them from paying taxes still.

It is our definite conclusion that the only measure that could finally slay the beast for good is the public’s non-participation to the whole fiat system charade by withdrawing their money while they can and invest on real estate, or other hard currencies.

This is the least they could do. Will these freedom loving people rise to the occasion this year?

The Swiss are already moving towards that direction…

"Switzerland will hold a referendum to decide whether to ban commercial banks from creating money. The Swiss federal government confirmed on Thursday that it would hold a plebiscite, after more than 110,000 people signed a petition calling for the central bank to be given sole power to create money in the financial system. The campaign – led by the Swiss Sovereign Money movement and known as the Vollgeld initiative – is designed to limit financial speculation by requiring private banks to hold 100pc reserves against their deposits."  - The Telegraph

Overall, the biggest U.S. banks collectively have more than 247 trillion dollars of exposure to derivatives contracts.  That is an amount of money that is more than 13 times the size of the U.S. national debt, and it is a ticking time bomb that could set off financial Armageddon at any moment. 

A lot of readers may be tempted to quit reading right now, because “derivatives” is a term that sounds quite complicated.  And yes, the details of these arrangements can be immensely complicated, but the concept is quite simple.  Here is a good definition of “derivatives” that comes from Investopedia…

"A derivative is a security with a price that is dependent upon or derived from one or more underlying assets. The derivative itself is a contract between two or more parties based upon the asset or assets. Its value is determined by fluctuations in the underlying asset. The most common underlying assets include stocks, bonds, commodities, currencies, interest rates and market indexes."

"The derivatives genie is now well out of the bottle, and these instruments will almost certainly multiply in variety and number until some event makes their toxicity clear. Central banks and governments have so far found no effective way to control, or even monitor, the risks posed by these contracts. In my view, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal."

So the problem of “too big to fail” is now bigger than ever. If those banks go under, we are all in for a world of hurt.

Yesterday, I wrote about how the Federal Reserve has implemented new rules that would limit the ability of the Fed to loan money to these big banks during the next crisis.  So if the survival of these big banks is threatened by a derivatives crisis, the money to bail them out would probably have to come from somewhere else.

In such a scenario, could we see European-style “bail-ins” in this country?

Ellen Brown, one of the most fierce critics of our current financial system and the author of Web of Debt, seems to think so…

If hundreds of billions or even trillions of dollars are ultimately needed to bail out the banking system, where is that money going to come from?

It would be difficult to overstate the threat that derivatives pose to our “too big to fail” banks.  The following numbers come directly from the OCC’s most recent quarterly report (see Table 2), and they reveal a recklessness that is on a level that is difficult to put into words…

Citigroup

Total Assets: $1,808,356,000,000 (more than 1.8 trillion dollars)

Total Exposure To Derivatives: $53,042,993,000,000 (more than 53 trillion dollars)

JPMorgan Chase

Total Assets: $2,417,121,000,000 (about 2.4 trillion dollars)

Total Exposure To Derivatives: $51,352,846,000,000 (more than 51 trillion dollars)

Goldman Sachs

Total Assets: $880,607,000,000 (less than a trillion dollars)

Total Exposure To Derivatives: $51,148,095,000,000 (more than 51 trillion dollars)

Bank Of America

Total Assets: $2,154,342,000,000 (a little bit more than 2.1 trillion dollars)

Total Exposure To Derivatives: $45,243,755,000,000 (more than 45 trillion dollars)

Morgan Stanley

Total Assets: $834,113,000,000 (less than a trillion dollars)

Total Exposure To Derivatives: $31,054,323,000,000 (more than 31 trillion dollars)

Wells Fargo

Total Assets: $1,751,265,000,000 (more than 1.7 trillion dollars)

Total Exposure To Derivatives: $6,074,262,000,000 (more than 6 trillion dollars)

As the “real economy” crumbles, major hedge funds continue to drop like flies, and we head into a new recession, there seems to very little alarm among the general population about what is happening.

The mainstream media is assuring us that everything is under control, and they are running front page headlines such as this one during the holiday season: “Kylie Jenner shows off her red-hot, new tattoo“.

But underneath the surface, trouble is brewing. A new financial crisis has already begun, and it is going to intensify as we head into 2016. And as this new crisis unfolds, one word that you are going to want to listen for is “derivatives”, because they are going to play a major role in the “financial Armageddon” that is rapidly approaching.

British banking has been hit with another scandal with the private arm of the taxpayer-funded Royal Bank of Scotland (RBS) under investigation by German authorities over allegedly helping wealthy customers evade paying taxes.

The RBS confirmed that the inquiry was focusing on Coutts' Swiss operations, with the investigation also looking into the actions of current and former employees.



An RBS spokesperson said they were cooperating with the investigation, after publishing the details in its annual report.



RBS chief executive Ross McEwan says the bank will take action if anyone is found guilty of improper conduct.

"I want to be very clear, if we find any evidence of wrongdoing we will come down incredibly hard. It's just not the type of behaviour we'll have in our organisation. I think it is too early to pre-judge. We take situations like this, no matter how big or small, very seriously. It's the reputation of our business and how we've acted."

The RBS is still 79 percent owned by the British government after a £45 billion bailout in 2008 and 2009.



The latest developments involving Coutts come at a time of increased public scrutiny over the actions of banks in relation to tax evasion, with the private arm of HSBC's Swiss operations found to have helped clients evade paying taxes.



HSBC Chairman Douglas Flint and Chief Executive Stuart Gulliver fronted a panel of UK lawmakers earlier this week where they admitted a shared responsibility for the actions of the bank's Swiss arm.

The investigation into alleged improper conduct at Coutts is still under way.

The Federal Reserve raised the interbank borrowing rate today by one quarter of one percent or 25 basis points. Readers are asking, “what does that mean?”

Comment: Multiple sources have long warned of the signs of a monumental financial crash; Lindsay Williams' insider told him that the derivatives crash would signal the time was close at hand. A rise in interest rates will cause a derivatives crash...

However, the fact of the matter is that the available liquidity exceeded demand in the old rate range. The purpose of raising interest rates is to choke off credit demand, but there was no need to choke off credit demand when the demand for credit was only sufficient to keep the average rate in the midpoint of the old range.

This “rate hike” is a fraud. It is only for the idiots in the financial media who have been going on about a rate hike forever and the need for the Fed to protect its credibility by raising interest rates.

Look at it this way. The banking system as a whole does not need to borrow as it is sitting on $2.42 trillion in excess reserves. The negative impact of the “rate hike” affects only smaller banks that are lending to businesses and consumers.



If these banks find themselves fully loaned up and in need of overnight reserves to meet their reserve requirements, they will need to borrow from a bank with excess reserves. Thus, the rate hike has the effect of making smaller banks pay higher interest expense to the mega-banks favored by the Federal Reserve.

A different way of putting it is that the “rate hike” favors banks sitting on excess reserves over banks who are lending to businesses and consumers in their community.

In other words, the rate hike just facilitates more looting by the One Percent.

Hugo Salinas Price casts his eye back a few hundred years to see what is wrong with modern mainstream economics…

Logicians tell us that the process of arriving at a truth through prior experimentation is inductive reasoning, where the mind is led into the truth through experiment. If you put a fresh egg into boiling water for, say, 12 minutes, your egg will be a hard-boiled egg.

Repeat this experiment as many times as you want, and you have a physical law: "Fresh egg boiled for 12 minutes produces hard-boiled egg." Such is Physics.

The truth expressed by the aforementioned Law is arrived at through induction.

The huge and unquestioned successes which the world has enjoyed through the application of the scientific method founded by Francis Bacon have led to an overvaluation of the scientific method and to its abuse.

For while this method is the correct method for the investigation of the natural world and knowledge of its characteristics, both down to the sub-atomic level and up to the level of knowing what the landscape of Pluto looks like, it is not the only scientific method of acquiring knowledge.

The other method of acquiring scientific knowledge is not based on prior experimentation and is not based on induction.

I do not know what to call this alternative method of acquiring scientific knowledge - perhaps an indication of the more humble position which it enjoys, in our highly materialistic world.

However, there exist examples of this alternative method of acquiring scientific knowledge: One of them is Logic and another is Mathematics.

Logic is not born of experience and experimentation. It is inborn in the human being. Where Bacon's scientific method reveals truths a posteriori, that is to say, after experimentation, Logic is a priori - inborn in us, and exists in us before experience. The same holds for Mathematics: the science of number is independent of prior experience.

The truths derived from Logic and from Mathematics are a priori, and all further truths arrived at in Logic and in Mathematics are arrived at by an intellectual process which is different from that applied in Bacon's scientific method: they are arrived at by deduction, and not by induction.

There is a third field in which scientific knowledge is obtained through deduction. I refer to Economics. Economics is the study of the Logic of Human Action.

It is an a priori science, whose postulates are arrived at through a deductive process from the initial a priori truth - a truth within each human being - that human beings act; from which we deduce that human beings choose, from which we deduce that the human being prefers one thing to another. From which I deduce that the reader is preferring to read this article rather than doing something else with his time. And so on and so forth.

Thus Economics is the study of conscious human behavior.

Such is the hold which Bacon's scientific method for the study of the natural world exerts upon mankind, that in our day all "mainstream economists" are trained to study human events through the methodology of induction, which is by its nature based on experiment.

This is highly unfortunate, for induction through experiment is logically inapplicable in the field of human events, because controlled experiment, the foundation of Bacon's scientific method, is impossible when studying how humans behave. Atoms have no choice, they must always behave in the same manner under similar conditions.



Planets have no choice, they follow their orbits without fail. On the other hand, human choice, whether individual or collective, varies from instant to instant. You, the reader, have the choice to continue reading, or not, for instance.

All true Economics is based on an undeniable fact: humans act, from which we deduce another undeniable fact: humans choose.

True Economics applies a different methodology - the methodology of deduction - to the study of human affairs; this methodology is radically different from the methodology which is appropriate for the study of the natural world.

All the present woes, uncertainty, unjustified speculation and enrichment of a few to the detriment of whole nations, the utter madness of ZIRP and now NIRP, the call for the banning of cash, and so on and so forth, all the anomalies which now plague our world are due to the false methodology upon which "mainstream economics" operates.

The High Priests of the Fed and the ECB, of the Central Banks of China, of Russia, of the whole world in fact, are doing nothing more than experimenting upon mankind. They are "Sorcerer's Apprentices" and attempt one policy after another, hoping that the next experiment will provide the success they wish for.

They are all looking at numbers, at graphs, at percentages of change, at trend-lines, at the results of prior experiments in past years, attempting to derive some knowledge of what they must do. But a posteriori information is useless - it only can show what happened in the past, and not what they desperately need: scientific certainty of what they must do now to achieve the ends which they seek.

"Mainstream Economics" functions on the basis of an inappropriate method. The inductive method cannot apply in the realm of human affairs, where each situation, individual or collective, is unique and not repeatable; no matter how well-intentioned "mainstream economists" may be, their methodology - induction - must fail to solve the problems they face.

In order to de-throne these impostors, it would seem advisable to undercut their presumptuous airs with the argument that they really do not know what they are doing, because they are basing their policies on the wrong methodology and cannot possible achieve any success. This argument attacks the very foundation upon which "Mainstream Economics" has built its castle.

The most influential and prestigious universities of the world, such as Stanford, Princeton, Yale, Harvard, MIT, and the London School of Economics, are all training would-be economists in the wrong methodology:

In the scientific method which is applicable to the natural world, induction through experimentation, which is, however, utterly useless and counter-productive when applied in the realm of human behavior, where only deduction from a priori knowledge, as taught by the New Austrian School of Economics, is the correct methodology.

All we can expect from these young men and women who will graduate from their studies as "accredited economists" will have to be further chaos and disorder, and further breakdown of prosperity, which will end in the complete impoverishment of humanity.

For more on this subject and the misguided efforts of "Mainstream Economics" I refer to you Ludwig von Mises' fascinating book, "Epístemological Problems of Economics" and to the work of Professor Antal E. Fekete, founder of the New Austrian School of Economics, whose work can be found at www.professorfekete.com.

Those earlier administrations were riddled with Israelis in high places, to the fury of the masses, who finally elected Orbán’s Fidesz party in response.

The popular, nationalistic prime minister told the IMF that Hungary neither wants nor needs further “assistance” from that proxy of the Rothschild-owned Federal Reserve Bank.

No longer will Hungarians be forced to pay usurious interest to private, unaccountable central bankers

Instead, the Hungarian government has assumed sovereignty over its own currency and now issues money debt free, as it is needed. The results have been nothing short of remarkable.

The nation’s economy, formerly staggering under deep indebtedness, has recovered rapidly and by means not seen since Germany.



The Hungarian Economic Ministry announced that it has, thanks to a “disciplined budget policy,” repaid on August 12, 2013, the remaining €2.2B owed to the IMF - well before the March 2014 due date.

Orbán declared: “Hungary enjoys the trust of investors,” by which is not meant the IMF, the Fed or any other tentacle of the Rothschild financial empire. Rather, he was referring to investors who produce something in Hungary for Hungarians and cause true economic growth.

This is not the “paper prosperity” of plutocratic pirates, but the sort of production that actually employs people and improves their lives.



With Hungary now free from the shackles of servitude to debt slavers, it is no wonder that the president of the Hungarian central bank, operated by the government for the public welfare and not private enrichment, has demanded that the IMF close its offices in that ancient European land.

In addition, the state attorney general, echoing Iceland’s efforts, has brought charges against the last three previous prime ministers because of the criminal amount of debt into which they plunged the nation.

The only step remaining, which would completely destroy the power of the banksters in Hungary, is for that country to implement a barter system for foreign exchange, as existed in Germany under the National Socialists and exists today in the Brazil, Russia, India, China and South Africa, or BRICS, international economic coalition.

And if the United States would follow the lead of Hungary, Americans could be freed from the usurers’ tyranny and likewise hope for a return to peaceful prosperity.

The purpose of this article is to shed light on some topics that have garnered considerable attention over the years and to identify the underlying thread, that surprisingly connects them all.

Creating considerable dissent with the status quo and more specifically with The Federal Reserve and C.I.A., Kennedy signed Executive Order 11110 into law on June 4th, 1963, which gave the president the right to issue gold-backed currency, and completely without permission from The Federal Reserve. But where was Kennedy going to receive such large amounts of gold to back a new Treasury note?

A Little History

In the 1930's, royal Asian families had seen that some of their gold and silver holdings in Southeast Asia were being plundered by the Japanese and needed to do something about it. In 1938, the Chinese Kuomintang government sent 7 warships loaded with gold and silver to the US Federal Reserve for safekeeping.

In return, the Chinese were given 60 year gold bonds–a subject we will return to further down. A few years later in 1944, the infamous Bretton Woods Conference took place in which the US, France and Britain were given a 50 year mandate to modernize and transform the world for the better. Backing this new global financial system that had just been set up was a now estimated 2 million metric tons of gold, held by this group of royal Asian families, which is also known as the Dragon Family.

By August 17th, 1945, President Soekarno of Indonesia had been elected “M1″ or Monetary Controller of this large cache of assets, granted under  United Nations Resolution MISA 81704, Operation Heavy Freedom. 

These assets are better known as the Global Collateral Accounts and were originally intended to be used for the modernization of the world through several humanitarian projects. The Dragon Family are the legitimate Depositors of these accounts.

By 1955, it was shown that the International Monetary Fund, which was also created at Bretton Woods, was not living up to its word and was instead serving only the interest of the banking and political elite. It was at this time that a growing alliance began to see that these funds were being used to fuel the Cold War tension and decided to strongly oppose the shady banking cabal.

By 1963, this alliance pooled their financial resources together to create the Green Hilton Memorial Agreement, which was signed by John F. Kennedy and President Skoearno and was finished on November 14, 1963.

This agreement was to utilize the Global Collateral Accounts for global development and humanitarian projects (along with a new US Treasury Note, a new supernational/international note backed by gold and would bring an end to The Federal Reserve system and the CIA). Just 8 days later, JFK was assassinated.

The above pictures show The Green Hilton Memorial Agreement and signatures of President Soekarno and President John F. Kennedy along with several others with listed amounts of gold-backed certificates. 

A short time following Kennedy’s passing, President Soekarno was driven from power by way of a coup. By 1968, the Bush, Kissinger, Rockefeller and other influential families created a fake heir to the rights of the Global Collateral Accounts. Up until the writing of this article in November of 2015, these accounts have been illegally and fraudulently used by the central banking system.

The 9/11 Connection

In 1998, 60 years after the Federal Reserve Board and the Chinese swapped gold for gold bonds, the Chinese requested their gold back. After refusal from the Fed, the Chinese Kuomintang government followed with a lawsuit. The International Court of Justice ruled that the Fed needed to return the gold, which was later agreed upon by the Fed. The first payment was scheduled to be delivered September 12th, 2001.

Interestingly, on September 10th, 2001, former Defense Secretary Donald Rumsfeld announced that 2.3 trillion dollars went missing from the Pentagon defense budget. Even more conspicuous, Cantor Fitzgerald Securities, the company that was handling the paper work for the gold to be delivered back to the Chinese, was inside One World Trade Center on floors 101-105. All 658 of their employees were murdered on that day as the towers fell and the gold was not returned to the Chinese.

The Monaco Accords, The Trillion Dollar Lawsuit and the BRICS

In August of 2011, representatives from 57 nations (none were invited from the West) came together off the coast of Monaco to create an alliance designed to legally take down the central banking cabal and create a new global financial system using the Global Collateral Accounts for many development and humanitarian projects.

Neil Keenan (right) with Count Albert of the Dragon Family

Reports from Neil Keenan, who helped arrange this historic meeting and has been entrusted with protecting and restoring the legal rights back to the Dragon Family and settling the Global Collateral Accounts for the benefit of humanity, has stated that this Monaco meeting alliance has now swelled to 182 countries and is being spearheaded by the BRICS nations (Brazil, Russia, India, China and South Africa).

Neil also filed a lawsuit in the Southern District of New York on November 23, 2011 to the tune of over a trillion dollars against the United Nations, the Office of International Treasury Control, Silvio Berlusconi, Ban Ki-Moon, the World Economic Forum and several others.

For those that want proof of this lawsuit, here is a screenshot of the filed case. This comes from pacer.gov, which is used to look up filed cases. Take a look at the plaintiff and defendants.

Since that time, Neil has withdrawn the suit (Obama’s economic advisor’s brother became the judge and he previously had never been a judge before) to refile in an even more effective jurisdiction and plans to do this in the very near future. This new lawsuit will be bigger and will expose the EU, the Federal Reserve and all the parties mentioned above, plus much more.

Neil Keenan has also filed liens and a Cease and Desist order against all twelve central banks in the U.S. and a Cease and Desist order on behalf of the Dragon Family against names like Queen Elizabeth II, Hilary Clinton, George Herbert Walker Bush, George W. Bush, David Rockefeller and several other well known names.

Above is the official Cease and Desist order. To download this pdf file, click here

Is Our World to Be Set Free? 

Is this massive alliance about to make it’s move on the banking and political cabal? Is Neil Keenan and his team about to finish what JFK, President Sukarno and many others were trying to accomplish? Will the 9/11 connection to the Global Collateral Accounts finally come to light? To these questions, Neil Keenan has a statement for the world:

“JFK, Soekarno, 9-11 and everything surrounding it all boils down to one and the same groups or organizations etc., that being what is known as the Cabal or NWO. Look no further than Rothschild’s, Rockefeller’s, and on a lesser scale Bush’s, Netanyahu’s …etc. We must always remember that according to these people we the “goyim” are the enemy and furthermore we must understand not only are they Khazars (read Khazars and their empire) but Satanists and clearly want us all dead. They want the world, this planet and everything they touch.  They taint everything they make, put together, manufacture, and one way or another are taking precious seconds and minutes away from our lives.  They go so far as to poison baby food (Johnson and Johnson’s most recently caught, simply stated we are sorry and will take the toxins out of the baby food) but when caught they simply walk away leaving a path of utter destruction for many families. It is time we defend our families, our planet, our friends and those who will soon be life long friends.  It is time to bring our planet together as one, to fight these evil criminals disguising themselves as politicians.  It is time to fight them as they fight us and stop talking about it. The road to the collateral accounts was initially filled with litter.  From OITC (Ray Dam), OPPT (Heather Tucci), Swiss Indo (Sino), Karen Hudes (who never did understand the collateral accounts and had never heard of the Dragon Family when she requested my help), Red Dragon Family, World Economic Forum (Davos and Giancarlo Bruno), the UN, and many others I have never mentioned all decided at one time or another they owned or managed the accounts when in fact not a one ever had any of the DEPOSITORS permissions to represent said accounts.   We took them all down and we laid them to rest but similar to a film script they often return to life and take a second shot at things after taking a deep breath but… they are all just fiction. We are on the road to the accounts.  The litter has been tossed into the garbage where it belongs and upon completing this road the accounts will be open.  The big question, even one from the Dragon Family is… will I be able to move the notes and the answer is YES! We will be able to complete this impossible task and release the funds as initially planned for humanitarian purposes.  I need a little more time to get to where we must be but we will be there and when so, the Cabal is finished... FRODO LIVES... ha ha NEIL KEENAN”

The masses can no longer escape the knowledge that they’re being taken for a walk down a dark alley. The way money is created in our global society benefits the so-called elite at the expense of the 99.9%. It doesn’t have to be this way though, all we have to do is stand up and demand that it change.

Of course we can. If so, we could genuinely attempt to finally overcome poverty, homelessness and other socioeconomic disadvantage. In fact, there are some places on earth that have already taken the lead in transforming the way money is created and distributed in their society.



First of course is Iceland, who not only jailed 26 bankers for their fraudulent behavior that contributed to their economic meltdown during the GFC, but they are also initiating massive reforms to their banking sector. Additionally, they are going to give every citizen a share of the profit from the sale of one of their biggest banks.

It’s only the beginning, but well done Iceland, you’re killing it (the monetary-madness, that is).

Another example is North Dakota, who operates under a public-banking model. They have designed their state-owned bank in a way that was essentially immune to the 2008 GFC. It has also outperformed the private banking industry in terms of profitability.

Many matrix-media explanations focus on excess deposits or the oil boom for its success, however that is simply not true. As explained in a Global Research article:

"To what, then, are the remarkable achievements of this lone public bank attributable? The answer is something the privately-owned major media have tried to sweep under the rug: the public banking model is simply more profitable and efficient than the private model. Profits, rather than being siphoned into offshore tax havens, are recycled back into the bank, the state and the community”.

.



We need new approaches and innovative designs to move forward to build real peace and prosperity on planet earth, so as a collective we should make it a fundamental priority to seriously look at the available short and long term solutions that we could potentially implement, to once and for all put an end to being ruled by the banking oligarchy.

For examples of how to truly move forward read, This is How to Create True Freedom for Humanity.

If you want to contribute to the cause, sign and share the petition, here. And finally, watch this five minute video:

Last week, something remarkable happened;

The Bank of England let the cat out of the bag. In a paper called "Money Creation in the Modern Economy", co-authored by three economists from the Bank's Monetary Analysis Directorate, they stated outright that most common assumptions of how banking works are simply wrong, and that the kind of populist, heterodox positions more ordinarily associated with groups such as Occupy Wall Street are correct. In doing so, they have effectively thrown the entire theoretical basis for austerity out of the window.

To get a sense of how radical the Bank's new position is, consider the conventional view, which continues to be the basis of all respectable debate on public policy. People put their money in banks. Banks then lend that money out at interest - either to consumers, or to entrepreneurs willing to invest it in some profitable enterprise.

True, the fractional reserve system does allow banks to lend out considerably more than they hold in reserve, and true, if savings don't suffice, private banks can seek to borrow more from the central bank.

The central bank can print as much money as it wishes. But it is also careful not to print too much. In fact, we are often told this is why independent central banks exist in the first place. If governments could print money themselves, they would surely put out too much of it, and the resulting inflation would throw the economy into chaos.



Institutions such as the Bank of England or US Federal Reserve were created to carefully regulate the money supply to prevent inflation. This is why they are forbidden to directly fund the government, say, by buying treasury bonds, but instead fund private economic activity that the government merely taxes.

It's this understanding that allows us to continue to talk about money as if it were a limited resource like bauxite or petroleum, to say "there's just not enough money" to fund social programmes, to speak of the immorality of government debt or of public spending "crowding out" the private sector.





What the Bank of England admitted this week is that none of this is really true. To quote from its own initial summary:

"Rather than banks receiving deposits when households save and then lending them out, bank lending creates deposits" … "In normal times, the central bank does not fix the amount of money in circulation, nor is central bank money 'multiplied up' into more loans and deposits."

In other words, everything we know is not just wrong – it's backwards.

When banks make loans, they create money. This is because money is really just an IOU.

The role of the central bank is to preside over a legal order that effectively grants banks the exclusive right to create IOUs of a certain kind, ones that the government will recognise as legal tender by its willingness to accept them in payment of taxes.

There's really no limit on how much banks could create, provided they can find someone willing to borrow it.

They will never get caught short, for the simple reason that borrowers do not, generally speaking, take the cash and put it under their mattresses; ultimately, any money a bank loans out will just end up back in some bank again.

So for the banking system as a whole, every loan just becomes another deposit. What's more, insofar as banks do need to acquire funds from the central bank, they can borrow as much as they like; all the latter really does is set the rate of interest, the cost of money, not its quantity.

Since the beginning of the recession, the US and British central banks have reduced that cost to almost nothing.

In fact, with "quantitative easing" they've been effectively pumping as much money as they can into the banks, without producing any inflationary effects.

Money created out of thin air - the debts you owe - your mortgage - DO NOT EXIST - and the elite 'banksters' are FUCKING YOU

What this means is that the real limit on the amount of money in circulation is not how much the central bank is willing to lend, but how much government, firms, and ordinary citizens, are willing to borrow.

Government spending is the main driver in all this (and the paper does admit, if you read it carefully, that the central bank does fund the government after all). So there's no question of public spending "crowding out" private investment. It's exactly the opposite.

Why did the Bank of England suddenly admit all this? Well, one reason is because it's obviously true.

The Bank's job is to actually run the system, and of late, the system has not been running especially well. It's possible that it decided that maintaining the fantasy-land version of economics that has proved so convenient to the rich is simply a luxury it can no longer afford.

MORTGAGE = DEATH PLEDGE: Latin words Mort-Gage Literally Translated Mort Means (Death) Gage Means (Pledge) “Debt Slavery=Human Mortgages=Debt Till Death. The word “mortgage” comes from the French “mort-gage”, literally death-pledge. The French peasants were working until they died for the privilege of owning a house. Same Game! Same People! Different Time!

But politically, this is taking an enormous risk. Just consider what might happen if mortgage holders realised the money the bank lent them is not, really, the life savings of some thrifty pensioner, but something the bank just whisked into existence through its possession of a magic wand which we, the public, handed over to it.

Historically, the Bank of England has tended to be a bellwether, staking out seeming radical positions that ultimately become new orthodoxies. If that's what's happening here, we might soon be in a position to learn if Henry Ford was right.

Earlier this month, it was reported that less than two weeks before the economic collapse of 2008, several members of Congress took their money out of the stock market.

These actions would be illegal for any American in any other circumstance, but members of Congress and high-ranking government officials are actually exempt from insider trading laws.

Years later, a 60 Minutes investigation aired on television which highlighted the government’s deep history of insider trading. The investigation sparked outrage, prompting Congress to pass “the STOCK Act” which was said to hold members of the government to the same standards as any American when it came to insider trading.

However, Congress watered down the bill and changed key elements that would hold them accountable, allowing them to return to business as usual, and escape any consequences for their prior crimes.

In an interview during the 60 Minutes investigation, Peter Schweizer of the Hoover Institute told Steve Kroft that:

“It’s really the way the rules have been defined. And the people who make the rules are the political class in Washington and they’ve conveniently written them in such a way that they don’t apply to themselves.” “These meetings were so sensitive - that they would actually confiscate cell phones and Blackberries going into those meetings. What we know is that those meetings were held one day and literally the next day Congressman Bachus would engage in buying stock options based on apocalyptic briefings he had the day before from the Fed chairman and treasury secretary. I mean, talk about a stock tip,” he added.

Since it was passed, the STOCK Act has been more or less worthless. Whenever a politician is accused of anything, they are defended by other politicians and the investigation is immediately stonewalled.

For example, a former staffer for the House Ways and Means Committee, Brian Stutter was guilty of insider trading. However, he avoided charges because House Speaker John Boehner refused to hand over the evidence, and claimed that Sutter had legal immunity.

It seems that America operates on two different sets of laws – one set for those who claim to rule us, and another for everyone else.

In light of Fletcher winning the bid to build the Auckland Casino expansion here is what I wrote on December 2011; in order to understand what is happening you need this information

Related:

Next I want to give you another list. The list of the biggest shareholders of Bank of America in which John Key holds a large chunk in shares according to the government site pertaining to personal interests of Politicians.




Click on the image above to open a larger version in a new window


As you see the lists share some of the names. Don’t let the Australia extension fool you because technically that might mean they are a different financial entity but in reality it just means it’s the same company with branches in Australia.

So let’s go over the first list one by one shall we?

NEW ZEALAND CENTRAL SECURITIES DEPOSITORY LIMITED with 296215920 shares



This company is none other than a branch of the Reserve Bank of New Zealand and while most people still think that this is just a benign separate entity invented to help the incompetent NZ government to manage our funds - this is of course a branch of the Rothschild banking empire which incidentally also controls the Bank of America and the Bank of England

JP MORGAN NOMINEES AUSTRALIA LTD with 43521538 shares

In August 2007 a small news paper article appeared in the Waikato times if I remember correctly announcing that JP Morgan Chase had opened a branch in New Zealand. They announced at the same time that they would not be open to the wider public but would only be handling larger industrial projects.

JP Morgan is notorious for financing mountain top removal and is also a major share holder in Bank of America.

NATIONAL NOMINEES LIMITED with 38404045

National Nominees Ltd (A NAB (National Australia Bank) entity - which also has a shareholding in BNZ and itself!) is what is commonly referred to as an Agent Bank which means it operates on behalf of other banks making this shareholder a bit of a mysterious grey horse as it is not clear who really holds the shares and what made it even more intriguing was the fact that their website was not accessible.


RBC DEXIA INVESTOR SERVICES AUSTRALIA with 38263529 shares and -

RBC DEXIA INVESTOR SERVICES AUSTRALIA (PIIC A/C) with 4839937 shares

Dexia is a Franco Belgian bank whose biggest trading partners are Goldman Sachs and Morgan chase. The bank received $6 billion in the 2008 crisis and was recently the first European bank called “too big to fail” and was bailed out a la A.I.G and the US banks.

HSBC CUSTODY NOMINEES AUSTRALIA LIMITED with 20757955 shares

HSBC is another fine example of banking rectitude. It is the biggest issuer of credit cards in the US were they charge loan shark interests and they have just been convicted of scamming thousands of vulnerable old age pensioners out of their savings on products which would mature well after their deaths.

Together with Goldman Sachs, JP Morgan Chase and Societe General they were also the biggest bank to Mohammar Gaddafi.

COGENT NOMINEES PTY LTD with 11165996 shares

A group which also holds huge shares in Rio Tinto and Sirtex medical (about which more later)

CITICORP NOMINEES PTY LIMITED with 10882102 shares and -

CITICORP NOMINEES PTY LIMITED with 4866790 shares

Citicorp is the old name of what is after a merger now called Citigroup and the bank like Morgan chase is also one of the biggest shareholders in Bank of America.

When John Key was part of the Foreign Exchange committee he shared that honour with James Kemp from Citigroup.

UBS Nominees Pty Ltd with 5391125 shares

Is a Branch of the Swiss bank UBS AG. This bank is also heavily exposed to the international derivatives trade. No personel has been recorded and no profile for clients has been given. I could serve as a front for other banks and also shows up on other corporation shareholders list indicating it could be involved in the privatisation of ACC (more on that later)

The fact that two banks hold more than 1 lot of shares could indicate that these are divided into to investor groups.

In fact it could be that all these banks just service large groups of investors with these shares as investment funds. In fact it is more than likely.

However it must be remembered that while these investors themselves are not the bad guys as all they want is just the biggest return on their money as they can get but that the corporations servicing these funds are bound by law to give their investors the biggest return on their money as they can and they do so in a psychopathic manner. If you doubt this I suggest you watch the film The Corporation.

But what has John Key has to do with this you ask?

Apart from the fact that John Key has two trusts, one of which is 'blind' (of which both could be holding shares in said investment funds which, would be a conflict of interest) he also has quite a substantial number of shares in the Bank of America.

The Bank of America is one of the five banks which are "too big to fail" and heavily exposed to the Derivatives trades currently destroying the global economy.

If The Bank of America collapses John Key loses a lot of money and these banks are investing heavily in real world assets with their soon to be worthless United States Dollars.

In order for John Key to protect his wealth he has to keep on supporting the system in which these banks operate.

Having shares in the company which does most of it’s restoration and rebuilding work in Christchurch, which is being given the money by the New Zealand government to do so is one such operation.

In giving Fletcher Construction the job the National government helped John Key do just that.

In researching the names of the shareholders I also uncovered a series of PDF’s and links to other companies about which I will write at length in the coming days, connecting these same shareholders to Rio Tinto and several Medical corporations - indicating the same conflict of interest with the coming privatisation of ACC and the mining tsunami also coming our way.

Related: Who Owns New Zealands Banks?

Money is “created” in a debt-based monetary system. Money only comes into being when credit is established.

You walk into a bank, borrow $250,000 for a new Ferrari, a mark is made on the bank’s ledger, and VOILA! $250,000 exist where it didn’t exist before, simply by virtue of the fact you signed your name on a piece of paper promising to pay back that sum of money.



And now, by the magic of “fractional reserve banking”, the fraudsters can now loan out 10 times that amount to other unsuspecting victims. A thing of real beauty, isn’t it?

Here’s how it all started.

From Goldsmith to Money Maker

Back in the day, goldsmiths were an honest bunch, plying their trade like any other hardworking citizen of the realm. Having the ability to safely store valuables, the goldsmith’s vault was an obvious choice that people naturally gravitated to for storage of their own gold and silver. It was much easier to hold a receipt than to carry around a ton of weight in gold and silver coin. Made your pants sag. Painted a big target on your forehead for muggers and thieves, too.

Soon, the goldsmith / banker got the bright idea to suggest to the people they could just trade the paper for their everyday purchases rather than make regular trips to the vault. Much more convenient, eh? And there’s still that ever-present highway robbery to think about. (“Muahaha” he chuckles in private, wringing his hands and licking his lips in gleeful anticipation).

For you see, the goldsmith turned banker had realized that by making the receipt payable to the bearer rather than to the individual depositor, it would be readily transferable without the need for a signature. He also realized that very few depositors ever came in at one time to demand their gold or silver.

So he began to think to himself (people hadn’t learned to think to others back then), “Why not take advantage of that little fact”? “Why not loan out more receipts than we have gold to back them and collect the interest on them? No one will be the wiser, nobody gets hurt, we get rich, and the world is indeed a very happy place”!

And thus, Fractional Reserve Banking was born. Or spawned, considering the source. And Jezebel, the bride of Baal, the Queen of Heaven, the Spirit of Babylon, dug her talons deeply into the hide of the world’s finance. And the world is indeed not a very happy place because of it.

The infographic below shows that after roughly 28 times of the fractional-reserve process, the banking system has created 9,000 dollars from the initial deposit of $1,000.



Click on the image above to open a larger version in a new window

How you ask? How do we come out of Babylon? Read this short history of the money changers’ control of nations first, then I’ll give you a couple of clues. As my Mama used to say, if the shoe fits, wear it. If the message isn’t for you, then I praise Yah you’ve begun clawing your way out of the clutches of the pervasive Babylonian system.

Money Changers – A Brief History

Around 50 B.C. Julius Caesar took control of the monetary system of the realm by minting coins to be used in daily commerce. With a plentiful supply of real money, the kingdom prospered, business flourished and everyone benefited. Everyone but the money changers that is, whose livelihood was turned upside down as their control over the nation’s finance was stripped out from under them.



Their power would not lie long dormant however. They set about scheming to retake control, and Caesar was assassinated shortly after. It wasn’t long that corruption returned, taxes increased and the money supply was reduced by 90%, causing businesses to fail, people lost homes and lands, and poverty became the norm. Sound familiar?

As an aside, the U.S. dollar has lost over 96% of its purchasing power since 1913 when the money changers (Federal Reserve) first took control of America’s money system.

30 A.D. Yahshua stormed the Temple with righteous anger, overturning the money changers’ tables and whipping them severely about the head and shoulders to run them out of the Temple, declaring “make not my Father’s house an house of merchandise.” These same money changers called for His death days later.

1000 A.D. The money changers had long ago discovered that control over a fraudulent money supply not only gave them control over the assets of the people, but in a very real way, control over the government of the people.

Here’s how they learned to make money on the backs of the people with the sanction of their own government:

Let’s say the goldsmith pays you, the depositor, 5% interest on gold you have deposited with him. He then charges you 5% interest for the “money”, or the receipts he loans you in return. A wash, right? Well, sort of. Except he now lends out ten times in fraudulent receipts what you have deposited with him.

You earn 5% while he’s earning 50%. ON YOUR GOLD! Did I say earn? Sorry. It’s theft, pure and simple.

They exacted their control by a process of easy money/tight money cycles. By making money easy to borrow, the amount of money in circulation is increased. When the money grubbers, err…changers are satisfied enough suckers have taken the bait, the trap is sprung.

The boom and bust cycles are all rigged:



Click on the image above to open a larger version in a new window

Suddenly money supply is tightened. They make loans difficult or impossible to get which results in a decrease of money in circulation.

The end result was that a percentage of the people would be unable to repay their loans and being unable to make new loans, they went bankrupt, forced to sell their assets to the lenders for pennies on the dollar.

This trick is still being used to suck the financial life blood out of the people of the world to this day.

It’s called by sophisticated words like “boom and bust”, “the business cycle”, “inflation”, “recession”, “depression” and it keeps you and me confused and blind to their dark magic. The language has changed, but the fraud is the same as it always has been. And the world is indeed a much less happy place for it.

1100 A.D. The reign of King Henry I brings a new form of money that stripped the money changers of their unrighteous dominion over people and nations that lasted for over 700 years. He created a currency called a tally stick. It was a stick of polished wood with notches cut along one side, the number of which indicated the denomination of the amount of money represented by the stick.



It was then split lengthwise with each half bearing identical notches. One half went into circulation, the other half was kept by the king. It made counterfeiting impossible.

The system was a huge success, as the King’s taxes were to be paid by tally stick, which increased circulation and assured its acceptance as a legitimate form of money. It also kept the money changers from gaining control of the money supply.

Which didn’t sit well with them for a very long time. And the world was indeed a much happier place. More on the money changers in a future essay, which will deal more specifically with a certain Mr. Amschel Mayer Bauer and his progeny.

Meanwhile, back to the question of How To Come Out Of Babylon. Very simply in the words of our old friend Kaye Large - ADMIT IT AND QUIT IT! You certainly can’t “Come out of Babylon” if you don’t admit you’re in it!

Christmas and Easter are so obviously Babylonian in their historical roots that it astounds me so many Christians continue to celebrate them. Everyone has the internet these days. Do a search for the pagan roots of both of these holidays.

Deu 12:30-32 “Take heed to thyself that thou be not snared by following them, after that they be destroyed from before thee; and that thou inquire not after their gods, saying, How did these nations serve their gods? even so will I do likewise. Thou shalt not do so unto the LORD thy God: for every abomination to the LORD, which he hateth, have they done unto their gods; for even their sons and their daughters they have burnt in the fire to their gods. What thing soever I command you, observe to do it: thou shalt not add thereto, nor diminish from it.” It was on the basis of this passage that I and my family turned from celebrating these holidays more than twenty five years ago. I say this in love, especially to those of my friends who have known me since then. For the sake of yourselves, your children, the God you say you want to please, let His Word speak to you and then do as He says!

Modern "Commercial Law" Is Based On Ancient Babylonian Codes

A Historical Research Article Linking the "Slave-Trading Codes" of Ancient Babylon to the Modern Laws of "Commerce", "Equity", and Civil/Municipal Jurisdictions.



Meyer Amschel Rothschild said: "Permit me to issue and control the money of a nation, and I care not who makes its laws . . . enforced unemployment and hunger, imposed on the masses because of the power we have to create shortages of food, will create the RIGHT of Capital to rule more surely than it was given to the real aristocracy."

A new union between Babylonian religions, Babylonian banking and Babylonian law is returning the world to serfdom.

When the Romans Conquered the Nation of Israel, shortly before the time of Jesus Christ or Yeshuah Messiah; they set-up a "Puppet Regime" in Israel, so-as-to more effectively Mask the harsh reality that the Israelites were a Conquered People. And because "Law" was frequently administered by a "Priesthood" in these ancient cultures, a group of priests known as "Pharisees" thereunder Combined with the Romans to Deceive, Confuse, Plunder, and En-Slave the common Israelite People.

And because Christ / Messiah Jesus / Yeshuah was a Threat to that Oppressive / Despotic system; both factions of these over-lapping "special-interest-groups" Conspired to have Jesus / Yeshuah Nailed to the Cross / Stake.



The Pharisees were Direct Participants in this Lawless Conspiracy to Murder this Innocent Man; even tho is seems that it was Roman Soldiers who actually completed the execution.

These same Pharisees base their entire Religious Belief-System upon a body of Laws which is Not from the Ancient Jewish / Israelite Laws, which reach back to the teachings of Moses. Rather these Pharisees look to a body of so-called "Laws" which derive from "Slave-Trading Codes" in Ancient Babylon; and quite probably reaching back to Nimrod himself.

The fact that the religion of the Pharisees has never been recorded as having become extinct, indicates that they and their Slave-Trading practices continue on to exist to this very day. In their own literature, the modern practitioners of "Rabbinical Judaism" Admit (quietly) that they are decedents from those ancient Pharisees.




In their own book entitled "The Jewish Encyclopedia", and "prepared by more than Four Hundred Scholars and Specialists", and published by the "Funk and Wagnalls Company", in 1905, Page 665; the following text is presented:

"With the destruction of the Temple, the Sadducees disappeared all together, leaving the regulation of all Jewish affairs in the hands of the Pharisees. Henceforth, Jewish life was regulated by the teachings of the Pharisees, the whole history of Judaism was re-constructed from the Pharisaic point of view, and a new aspect was given to the Sanhedrin of the past. A new chain of tradition supplanted the older, priestly tradition (Abot i. 1). Pharisaism shaped the character of Judaism and the life and thought of the Jew for all the future."

Here is shown clearly that the ancient Pharisees are still alive and well writing textbooks for Funk and Wagnals in 1905, and disseminating such beliefs among their followers.

The ancient counterparts of these modern Pharisees had schools in Babylon from a very early pre-Christian date. We may read concerning these matters from a scholarly work entitled "The Babylonian Talmud", by Sedner Nezikin, London; The Soncino Press, 1935.

In the Foreword to this book is an introductory few pages by (The Very Rev. The Chief Rabbi) J.H. Hertz. Herein he speaks on pages 13, 14, 15 to say:

"The beginnings of Talmudic literature date back to the time of the Babylonian Exile in the sixth pre-Christian century . . . When a thousand years later, the Babylonian Talmud assumed final codified form in the year 500 of the Christian era, the Western Roman Empire had ceased to be. . . When we come to the Babylonian Gerama, we are dealing with what most people understand when they speak or write of the Talmud. It's birthplace, Babylonia, was a autonomous Jewish center for a longer period than any other land, namely, soon after 586 before the Christian era to the year 1040 after the Christian era - 1,626 years . . . " "For a long time it was held that the language in which the Babylonian Talmud was written defied grammatical formulation. This is now seen to be nothing but prejudice. . ." "The style of the Babylonian Talmud is one of most pregnant brevity and succinctness. It is at no time "easy reading". Elliptical expression is a constantly reoccurring feature, and whole sentences are often indicated by as single word. In discussions, question and answer are closely interwoven, and there is an entire absence of demarcation between them. "Hard thinking and closest attention are required under the personal guidance of an experienced scholar, or of an elaborate written exposition of the argument, for the discussion to be followed or to be understood. And that understanding cannot be gained by the aid of Grammar or Lexicon alone. Even a student who has fair knowledge of Hebrew and Aramaic, but who has not been initiated into the Talmud by Traditional Jewish guides, will find it impossible to decipher a page!"

Here we have plain admissions from this J.H. Hertz (Chief Rabbi) wherein he reveals that the source of the material which is Codified within their "Talmud" is from "Babylon". Other sources affirm this also.

This "Babylonian Talmud" is that root-source-repository of so-called "Law" from which the modern Talmud draws its historical roots. J.H. Hertz (Chief Rabbi) and others of the same belief are all quite comfortable referring to it amongst themselves as the "Babylonian Talmud".



But as the ancient city of Babylon is clearly related to terms such as "Babble" aka: "Confusion", and as ancient Biblical texts indicate plainly that this is the source for all of the language confusion and much other problems which has spread throughout the entire world, it is understandable that these ones do seek to downplay the fact that "Babylon" is the spiritual source/center for Their body of "Spiritual-Law Codifications".

We here-in merely seek clear labels of what is going on with regard to this body of codifications which seemingly so significantly affect our modern sociological structures. We have a Right to ask these questions.

Everyone is affected by these concerns. And it seems clear that many who modernly claim to be "Jews" are following this set of Spiritual Codifications which have originated in ancient Babylon, and which thereunder are properly known and referable to as the "Babylonian Talmud".

We find similarly enlightening source material in a profoundly insightful work from a gentleman named Guy Carlton, Lee; of Johns Hopkins University in his work: "Historical Jurisprudence", 1922; Pages 12, 17, 18, 38-40, 188-189:

"The law of Babylonia has had an immense effect upon that of nearly all the countries of Europe . . . The literature of Babylon has perished; but the element of culture which has endured was greater than the literature. That element is law, an organized intelligible system of rights and duties enforced by the State. . . The great work of the nation was the production of a system of law, necessary to the extended commercial activity of the city . . . The complex Babylonian civilization, which produced a commercial law in advance of any other ancient system . . . was . . . the product of . . . its relations to the other countries of the world. The exercise of judicial functions, at least in matters of commercial law, seems to have been in the hands of the hierarchy. The reasons for this may have been in part those which, in the mediaeval period of European history, threw the control of legal procedure largely into the hands of the ecclesiastics. In Babylon, the custom of documentary evidence in almost all transactions . . . and the wide extent to which written contracts were employed, made the notarial and judicial functions of the priests very extensive. But the part taken in business transactions by the priesthood was appropriate for another reason, which perhaps had more influence in the time of the early law, before the purely commercial side had been developed. This was the part which was connected with contractual oaths, which at first were numerous. The contracting parties were obliged in their contracts to swear by the principal god of the country, and by the reigning prince, that they would abide by the conditions of the contract . . ." The Babylonian Law developed to the fullest extent the idea of a Contract. Almost any possible business transaction was reduced to the form of a contract and was executed with the same formalities - i.e., with witnesses, notary, and signature. Thus the points as to deeds, sales, mortgages, loans, and banking are in no respect different in form from the matter of hiring, rent and leases, partnership, testaments, and domestic relations, including adoption. Transactions so very different could be reduced to the same principle, or brought under the one head, only by a highly abstract conception of contract itself. From forms of contract . . . we pass to the relations of master and servant, leases, and future delivery of goods. Sub-section A. Master and Servant. . . a man might well make a contract with another whom he hired for a year, or whom he contracted to serve for a year. . . example . . . In connection with this contract, it should be noted that Ubarru was regarded as a free agent, hiring himself out. But since he enters into a relation to his master in which he is temporarily in the condition of a slave, he has a representative, or guardian . . . . . . In the case of a slave the name of the slave's father is never given. The slave is not regarded or spoken of as a man, but as a thing, and is reckoned in the same way as cattle. The actual point of this contract is the transfer of the right to a man's services. Such a transaction is but a part of the whole Babylonian system, whereby every credit or right was passed from one to another by means of contracts. . . The law was very strict as to the beginning and termination of these contracts. . . If the servant did not appear, he could be arrested and brought to his master, as he was his master's man. ... This species of . . . slavery was of great importance and very customary in Old Babylon. Babylon('s) . . . commercial customs . . . became . . . the commercial law of the whole known world. Of . . . these Rome was . . . possessed from the earliest period . . . "

Here-under, we see a number of significant items for our study. But at this point it seems best to re-visit Chapters 17 and 18 of the Book of Revelation in the Bible. Here in is Revealed that a particular Body of People are recognizable as a "Great Prostitute" who "Rules over the Kings of the Earth" through the use of "Deception", "Magic", and "Merchants". This "Great Prostitute" who uses Deceptive Magic is clearly labeled therein as "BABYLON".

The above work from Johns Hopkins University by Mr Lee clearly recognizes that Babylon's Religious Priesthood is commonly recognizable as the source of all of the modern so called "Laws of Commerce".

These "Laws of Commerce" are shown to be a specific body of Codes which authorize the Administration of the Compelling Force of the State in the En-Force-ment of Contracts, mostly for Payments of Debts.



The ancient Babylonian Priests were involved because Contracts were deemed to be a form of "Oath" entered into by the contracting parties; and the approval of their Gods were invoked so as to more effectively legitimize / bamboozle the entire process in the minds and the consciences of the contracting parties and all public witnesses.

These Babylonian Religious Codes recognized the ability to buy and sell contracts between merchants in "Commerce". They sold and "bought . . . slaves and the souls of men" in the time of Christ, and before and after, just precisely as is recognized in Revelation 18: 11-13.



Under this system of Babylonian Codes, contracted-debtor-people were Forcibly Compelled to perform the contract regardless of Conscionability, or who was the original contract-creditor. This Babylonian Religious Commercial-Code depended in large part on a deeper set of Slave-Trading Codes. And these all are still recognizable and very frequently enforced under what modern legal text-books refer to as: "Master-Servant Relationships".

Under the ancient Babylonian Religious Codes, "Slavery" is clearly facilitated. People were not recognized as People there-under, but were items in Commerce.

The Slave could be arrested and assaulted by government officers for not showing up for work on time. The text-book says that "The slave is not regarded or spoken of as a man, but as a thing, and is reckoned in the same way as cattle".



Not too long ago, in American History, "Slavery" was a very Common Practice, both against the Black Race, and also against all other races, including Orientals and the economically disenfranchised Caucasian / White Race. The Problem of "Oppression" is Not a Race Problem, it is a Economic-Class and Religious Problem.

In the above quoted text, and with reference to these ancient Babylonian-based "Slave-Trading" Codes; Mr Lee goes on to make it clear they were passed down to the Roman Slave-Traders in his statement "Of . . . these Rome was . . . possessed from the earliest period . . . ".

History seems to tell that many Israelites had been Captured into Slavery in Babylon. Yet by the time of Jesus / Yeshuah, many had returned. During that Captivity; many of the Babylonian Commercial / Slave-Trader / Merchant Codes seemed to have Infected Israelite-Society. It does not take a lot of intelligence to suppose that this worked to Under-Mine the Godly Principles of the more ancient Israelite Torah-Laws.



Yet the "Pharisees" Openly Embraced this Babylonian System of Slave-Trading Codes. Christ / Messiah Jesus / Yeshuah and his followers were Crucified for speaking-out boldly against these Evils of the Romans and their False-Israelite Pharisee Puppet-drones. As revealed above, the Romans were already followers of those same Babylonian Slave-Trading Codes.

This indicates that the Connection between the Roman Slave-Traders and the Pharisees was more than a mere coincidence. This indicates that at some point in the even more ancient history; the Roman Slave-Traders and the Pharisee of Israel; were of Common Cultural Ancestry.

As the name signifies, the "Babylonian Talmud" contains much of the Commercial Slave-Trading Mercantile Codifications of "Master-Servant Relationships" which originated in Babylon.

Those of the "Pharisee" (Rabbinical-Judaism) belief-system, refer in their "Babylonian Talmud" to those who are Not of their culture; as "Goim" or "Gois".

These words translate to mean "Human Cattle".

This is precisely how historical textbooks indicate that the ancient Babylonians referred to their Slaves. As Mr Lee stated in his above quoted text, "The slave is . . . reckoned in the same way as cattle".

Though the "Babylonian Talmud" seems to contain few direct citations to Slavery itself, it does set forth a significant amount of evidence showing that Non-Pharisees "Goim" are to be treated with all of the contempt of "Slaves". Citations from the "Babylonian Talmud" read:

"All things pertaining to the Goim are like desert, the first person to come along and take them can claim them for his own." Babha Bathra 45. "It is permitted to deceive a goi." Babha Kama 113b.

And though citations are not clear that this is directly from the Talmud, other Pharisaical Literature states:

"The Life of a Goi and all his physical powers belong to a Jew." A. Rohl. Die Polem. P.20

And articles published by Henry Ford's newspaper, the Dearborn Independent in 1920 - 1922 discuss the "Kol Nidre" as a Pharisaical:

"Prayer, named from its opening words, "All vows"," (kol nidre). It is based on the declaration of the Talmud: "He who wishes that his vows and oaths shall have no value, stand up at the beginning of the year and say: 'All vows which I shall make during the year shall be of no value.'""

The list goes on and on. The Historical Documentation is Massive of the Malicious Plunder-Oriented Slave-Trading Behavior of these people. Coke and others have defined them as "Infidels", precisely Because History has clearly Shown that the Sworn "Oath" of those ones Means Nothing to them.

They cannot be "Bound" by "Conscience", and they habitually "Lie" at every turn which may serve their own self-serving interests or those of their "Synagogue of Satan", as referred to by Christ Jesus at Revelation 2:9 and 3:9. This is the nature of their "Law", They Believe they have a God-Given Right to be "Slave-Masters".



They can-not be expected to be bound to tell the Truth. They feel that they are En-Titled by the Authority of their Evil God to Lie to others, so-as-to Control Them and there-by to reduce them to their unsuspecting Slaves.

Such "Infidels" were Expelled from almost every country in Europe between the 13th and 15th centuries for this precise Reason. Their tenacious adherence to this Dis-Honest Babylonian Master-Slave system of Human Conduct Codes, and their relentless Lying and Deception was the Direct Cause of their Ostracism from All of these European Nations.

The Sadducees apparently gave the Pharisees opposition against this corrupting influence, but their days were numbered, for after the destruction of the Temple by Rome in 70 AD, the religious belief system of the Sadducees had apparently met genocide and extinction.



The Pharisees (on the other hand) were conspicuously left in the position of authority over all Jews who did not profess Christianity. The ancient Religion of the Pharisees has been in Continuous Total Control of what is fashionably recognized as the "Jewish Religion", ever since the destruction of Solomon's Temple. Again quoted, but more focused and brief than above, it reads:

"With the destruction of there Temple . . . Henceforth, Jewish life was regulated by the teachings of the Pharisees . . . Pharisaism shaped the character of Judaism and the life and thought of the Jew for all the future." The Jewish Encyclopedia: (1905; Page 665)

With the extinction of the Sadducees, the only Jewish entity which thereafter stood in opposition to the Pharisees and their Babylonian Codified Talmud were the Christians. The powers in Rome itself were Compromised by this influence. As revealed else-where here-in, the Religion of the Pharisees continues to this day under their self-proclaimed banner of "Judaism" or "Jews".

These people are Not True "Jews". Nor are they Racial "Semites", or "Israelites", or even "Zionists". Rather they are of the "Synagogue of Satan", and they merely "Say they are Jews"; all precisely as Jesus/Yeshuah is declared to have clearly started in Revelation 2:9 and 3:9.

These modern Pharisees merely proclaim they are "Jews"out of a Strategy to effect their Ancient Plunder-Oriented Slave-Trading purpose. Approximately 85% of them are not even of the "Semitic" bloodline, but rather are of the Ashkenazi / Khazar Race / Bloodline.

They seem to have adopted the Pharisaical-Babylonian Talmudian Religion in about the year 740 or so, out of convenience. They know they are Not True Semitic / Israelites; yet they scream "Anti-Semite" with spine-chilling fervor when-ever anyone seeks to hold them to accountability for their crimes.

Multitudes of such Honorable Americans as Benjamin Franklin, George Washington, and Henry Ford; have all Documented their Culturally Evil-Agenda in great detail.



George Washington

Modern "Rabbinical Judaism" is the Religious Descendant of those very same Pharisees, and they all look to the same "Babylonian Talmud" Code of "Master / Slave Laws" as the Primary Written "Code of Conduct" for their lives.

The preponderance of Ashkenazi / Khazars who serve this modern dso-called "Religion" of "Rabbinical Judaism" (with its talmudian codifications designed to support slave-trading), all indicate to this author that the underlying Conflict between the True Nation of Israel (aka: the "True "Jews" (Revelation 2:9 and 3:9), and these Ashkenazi/Khazars, reaches back way Further than their professed "Conversion to Judaism" in the year 740-ad or so.

Related: The Hidden History Of The Incredibly Evil Khazarian Mafia [Illuminati Cabal Zionists...]



I am inclined to believe they are "Canaanites", in large part from the very obviously similar phonetics of their names. I also tend to believe this proposition because of the historically documented Evils of the Canaanite peoples. And I think those likely reach-back even further to "Cain"; the legendary son of "Adam", who allegedly first slew his brother "Abel".

. . . I feel it is undeniable that these very powerfully-intense forms of Evil still walk this earth, with every bit of acidic-venom of those other very ancient, evil, and suspiciously similarly-named cultures. [Overwhelmingly supported by such anthropologists as Ripley, Weissenberg, Hertz, Boas, Mead and Fishberg, Arthur Koestler's The Thirteenth Tribe proves the vast majority of today's Jews are descendants of the Khazars of South Russia as do the Scripture, encyclopaedias, and scores of historians.]


"Civil-Law" and "Municipal-Law" and Their History

Textbooks show plainly that Rome is the source of English and American "Civil Law". Civil Law is recognized in Black's Law Dictionary as synonymous with "Municipal Law"; as follows:

Civil Law: That body of law which every particular nation, commonwealth, or city has established peculiarly for itself; more properly called "municipal" law, to distinguish it from the "law of nature", and from international law. Laws concerned with civil or private rights and remedies, as contrasted with criminal laws.

Rome is well recognizable as an Aggressively Warring and Conquering nation. A reputable Textbook of History entitled "Apollo, History of Rome" by Cyril E. Robinson (1956), on pages 26 and 27 reads:

"Many factors contributed to (Rome's) success; but more important than her military powers, were the political methods where by she contrived to . . . conquer. . . In 381, after overcoming the . . . town of Tusculm, she . . . admitted it to terms . . . (under which it was) compelled to pay the war-tax, and . . . a town thus treated was known as a muni-cipum or "burden-holder".

Many of the peoples conquered by Rome were reduced to Slaves. No reputable historian contests this fact. Webster's New International Dictionary (1950, 2nd Edition) links the above term "Municipum" to our modern term "Municipal"; as follows:

Municipal: . . . munia official duties + root capere to take. . . . Rom. Hist. Of or pertaining to, or of the nature of, a municipum.

It further goes on to make the following most note-worthy statement:

Municipal District: A subdivision of a region inhabited chiefly by non-Christians.

The Roman merchants engaged in much Slave Trade. The establishment of "Slave-Markets" was one of their top priorities. Contracts Exchanged hands among Merchants for the Delivery of Slaves. The Codes which Governed these Contracts for Slaves was based on the Same Codes which the Babylonians had developed.

"Of . . . these Rome was . . . possessed from the earliest period . . . ". ("Historical Jurisprudence" - Lee, above).

Such Babylonian Master/Slave so-called "Law" is modernly still recognizable under either term of "Civil" or "Municipal" Law. [Rome is the Seven-Headed "Beast" described in Revelation.

The "Great Prostitute" there-in described as sitting on or controlling the "Seven-Headed Beast" of the Roman Empire which has gathered within itself all the power and evil of the previous three Gentile world powers, is the Roman Catholic church.]

This Beast was in existence at that time of Christ as the Civil / Military Government of Rome. . .


The Norman Conquest of England in 1066-ad

The Norman Conquest over the Anglo-Saxon / Celtic People of England in 1066 is vastly under-rated in its significance for understanding modern models of good government.

From Rome, the "Norman Invasion" had the "Solemn Blessings of the Pope". This is shown in many citations, among which is the following:

"William had some difficulty in securing the help of his barons for his proposed invasion of England; it was necessary to convince them individually by threats and persuasions. Otherwise conditions were favorable. William secured the benevolent neutrality of the emperor Henry IV., and the expedition had the solemn approval of Pope Alexander II." Encyclopedia Britannica, Vol # 23, p.609; William 1: . . . Conquest of England . . .

The Pharisaical system of "Commercial Law", as codified in the "Babylonian Talmud"; was at that time Forcibly Imposed by the Romanistic-Normans over the previously Non-Romanized Christian / Common-Law Saxon-Anglo / English People.

This is shown as follows:

"The Jews, whom the Normans brought to England . . . [or who financed and followed the invasion - Ed.] brought a refined system of commercial law: their own form of commerce and a system of rules to facilitate and govern it. . . Several elements of historical Jewish legal practice have been integrated into the English legal system. Notable among these is the written credit agreement - shetar, or starr, as it appears in English documents. The basis of the shetar, or "Jewish Gage," was a lien on all property (including realty) that has been traced as a source of the modern mortgage. Under Jewish law, the shetar permitted a creditor to proceed against all the goods and land of the defaulting debtor. . . Jewish law that debts could be recovered against a loan secured by "all property, movable and immovable" was a weapon of socio-economic change that tore the fabric of feudal society and established the power of liquid wealth in place of land holding. . . . Jewish Law, wherein personal debt superseded rights in real property had become the law of the land." "Foootnote 11: H.C. Richardson, The English Jewry Under Angevin Kings 94 (1960) (Jews liquidation of land obligations broke down rigidity of feudal land tenure and facilitated transfer of land to new capitalist class). Footnote 15: CF. 1 F. Pollock and F.W. Maitland, supra note 3 at 469... (alien to English law for creditor not in possession of land to have rights in it)." "The Shetar's Effect on English Law", The Georgetown Law Journal; V. 71, P 1179 - 1200); Judith A. Shapiro. Here-under; the Pharisees worked with the Normans under the "Blessing of the Pope" of Rome. Here-under, Roman Civil/Municipal Codes were Forcibly Imposed over the Non-Romanized Christian/Common-Law People of England. As this Pharisee/Roman-Catholic Military Machine was Forcibly-Imposed, the above text makes clear (seemingly happily) that a "Weapon of Socio-Economic Change that Tore the Fabric" of the Society of the Anglo-Saxon/Celtic Peoples. These ruthlessly shocking words are not composed by this author; but they are the words chosen by Ms Shapirro as they appear in her Georgetown Law Journal article. It seems that the aggressively warring nature of that Babylonian-Talmudian based Code of Pharisaical Conduct is not in question among that circle of scholars. It seems to clearly be a body of Master's Slave-Trading Codes, which are designed to "Tear at the Fabric" of any Society which it targets. [The invading Jews established the Exchequer - Ed.].

The "Shetar" is a corruption of the word "Star", and it refers to the infamously abusive "Star Chamber Courts". This is shown in the following citations:

"The name star chamber . . . has been thought to be . . . because the roof was originally studded with stars, because the Jewish covenants (called starrs or stars . . . ) were originally kept there." Bovier's Law Dictionary; 1860. "Starr or starra. The old term for contract or obligation among the Jews, being a corruption from the Hebrew word "shetar", a covenant, . . . and Blackstone conjectures that the room in which the chests were kept was thence called the "Star-Chamber"." "Star Chamber: A court which originally had jurisdiction in cases where the ordinary course of justice was so much obstructed by one party, . . . that no inferior court would find its process obeyed. . . In the reign of Henry the 8th, and his successors, the jurisdiction of the court was illegally extended to such a degree (especially in punishing the kings arbitrary proclamations) that it became odious to the nation, and was abolished." Blacks Law Dictionary, 5th Edition

These courts of Pharisaical Commercial Master/Slave Codes became so heinous for their "Secret Proceedings" and for their infliction of "Cruel and Unusual Punishments", that they were abolished. They are the essence of our modern Anglo/American so-called "Equity" Jurisdiction.

It was all run by "Chancery Priests", and they were referred to deceptively as "Courts of Equity". The only thing "Equal" about them, is that all Conquered "Slaves" there-under were treated as "Equal-Slaves".



"Courts of Chancery" is the more honest name which they also frequently used, because a great "Chance" was being taken if a man were forced to go before them. The linkage between "Equity Jurisdiction" and Romanistic "Civil / Municipal Law", is shown in the following:

"The whole of equity jurisprudence prevailing in England and the United States is mainly based on the civil law". Boviers Law Dictionary; 1868.

"Civil Law" is from Rome. There was no "Equity Jurisprudence" in England prior to the Norman Conquest.

The Norman Conquest had the "solemn approval of the Pope" of Rome according to the above-quoted Encyclopedia Britannica, and many other sources.



The battle of Hastings

The obvious Conclusion is that the Norman's "War of Aggression" was jointly backed by the Pharisees and the Pope of Rome, all so as to Forcibly Impose the Roman Civil/Municipal Codes of Babylonian-Talmudian based Master / Slave relations. These were mere Tools for Slave Control which were early Imposed by Evil Men with great influence with-in the Pharisaical and Roman-Catholic religious communities.

All Conscience-Bound People will Recognize that No True Spirituality could Possibly have been brought in-to England at that time. The "Forces of Evil" Were In "Full Control" during the so-called "Norman Conquest". Just like at the Crusades; and at the Inquisition. The religious forces consistently behind these movements have a very consistently-evil track-record.



Evil men Aggressively made Religious War against the Christian / Common-Law - Anglo-Saxon / Celtic Peoples of England in 1066. The "Babylonian-Talmud" was completed well before the Norman Conquest of 1066. It's all the same basic Master / Slave Commerce form of Code of Human Conduct.

It all treats living / breathing People as "Merchandise" in Commerce to be bought and sold as those "Slaves and the Souls of Men" as referred to in Revelation 18:13.

This entire body of Codified Human-Conduct is all so amorally lacking in fidelity to the Supreme Laws of "Love of Neighbor" from YHVH, as taught by His Son Yeshuah; as to be clearly a policy of the "Synagogue of Satan" as referred to at Revelation 2:9 and 3:9.

It is easy to summarize that this is that precise same Code of Human Conduct of which the Pharisee "Money-Changers" were using to corrupt the Temple in Jerusalem, and of which Christ / Messiah Jesus / Yeshuah over-turned their tables and drove them out of His Father's House with the whip.

It is easy to summarize that this is the Code of Conduct upon which the Pharisees moved to whipp-up the mob into such a fervent state of Anarchy as to abort "Due Process of Law" and to have Yeshua the Christ/Mesiah Lawlessly Nailed to the Cross / Stake.


Modern Applications of Ancient Babylonian Slave-Trading Codes:

This Code of Conduct embodied within the "Babylonian Talmud" is very large, but it contains specific portions which are designed to "Tear at the Fabric" of the society which is its target. These are the words of Ms Shapirro, as set forth in the Georgetown Law Journal. This is not the wording of "Anti-Semitic Right Wing Extremists". Ms Shapiro's term "Tear" is specifically used to denote that process which obliterated the "Fabric of . . . Society", as it had existed prior to that War of Aggression.

It would seem Reasonable to conclude that this is a "Code of Human Conduct" based on "Terrorism". Certainly the word "Tear" seems related to "Terrorism". Certainly the Anglo-Saxon / Celtic Christian People were greatly Fear Inspired by the forcible imposition of this "Babylonian Talmud" based Code of Human Conduct.

The wording of Ms Shapirro Reasonably seems to be an acknowledgment that "Terrorism" was used by the Normans and the Pharisees "who call themselves Jews" as a "matter of Policy" under that Code of Human Conduct; all known as the "Babylonian Talmud".

This entire body of Roman "Civil-Law" is Designed to Centralize the "Decision-Making Authority" of the Entire Community in-to the Hands of a "Single Arbitrator".

This is How All "Contracts" were En-Forced in the "Court of Equity". It was early incorporated into what was known as English "Law Merchant", which many fine scholars have confused as being a true part of the English "Common-Law". Such happened only after the corrupting influence of the "Norman Conquest".

Contracts are only enforceable in Courts of so-called "Equity".



"Equity" jurisdiction was allowed to enter into American Jurisprudence by way of Article 3 Section 2-1 of the so-called "U.S. Constitution". Such was a slap in the face of Christ / Messiah Jesus / Yeshuah, and much Evil has worked its purpose in this land by way of that compromise of Godly Principles.

How-ever, in the USA at the Federal Level and most (probably all) State Levels; there are Protections in place against Summary Equity / Chancery Slave-Trader Jurisdictions being imposed over American People.

These Protections are available through Constitutional, Statutory, and Case-Law Precedent Provisions. A full explanation of these protections is not presented here; but in another study / document by this same author which is centered around the so-called "US Supreme Court"'s Case-Law Precedent of "Beacon Theaters v Westover".

Here-by; the "Equity" Jurisdiction is Purged from All of its Lawful Authority to adjudicate anything; If a proper "Due Process of Law" is invoked.

By presenting a "Counter-Complaint", which there-by super-cedes and over-rides what is there-by recognized as the constitutionally antagonistic "Equity" Jurisdiction; this modern essence of "Law" allows the people to Free Them-Selves from the Babylonian Master / Slave-Traders Jurisdiction of so-called "Equity".

“I have sometimes thought that there is no being so venomous, so bloodthirsty as a professed philanthropist.”

Meet the benevolent patrons of the Robin Hood Foundation.

Robin Hood in Reverse

The Robin Hood Foundation, named for that green-jerkined hero of redistribution who stole from the rich to give to the poor, is run, ironically, by some of the most rapacious capitalists the country has ever produced - men who make robber barons of previous generations look like small-time crooks.

Founded by hedge fund mogul Paul Tudor Jones, the foundation boasts 19 billionaires on its leadership boards and committees, the likes of which include this sample of American plutocracy:

- Hedge fund billionaire Steven A. Cohen, who, when he is not being probed for insider trading  (his company, SAC Capital Advisors, plead guilty to securities and wire fraud) is busy throwing parties for himself worthy of a Roman emperor at his Hamptons palace and bragging about his $700 million art collection. He suspends a 13-foot shark in formaldehyde from the ceiling his office, perhaps as an avatar of his business practices.

- Billionaire Home Depot founder Ken Langone, who threatened to turn off the charity donations if Pope Francis dared to continue criticizing capitalism and inequality, and also likened the plight of the wealthy in America to Nazi Germany.



The GOP megadonor doesn’t care for bank regulation and it’s no surprise that he is the main booster for New Jersey Governor Chris Christie’s presidential bid, as his plan to shred Social Security is a fond wish of the tycoon’s.

- Hedge fund billionaire Stanley Druckenmiller, funder of right-wing causes who dedicates himself to spreading deficit hysteria and ginning up generational warfare on college campuses by trying to convince young people that they are being robbed by seniors using Social Security and Medicare.



A long-time anti-tax crusader and supporter of such anti-labor enthusiasts as Wisconsin Governor Scott Walker, Druckenmiller warned President Obama that any attempt to tax the rich to pay for social services for the poor would be futile.

By occupation (the more useless and parasitical the better), it comes as no surprise that 12 of the 19 men in leadership positions at the Robin Hood Foundation happen to be hedge fund managers.

A group called Hedge Clippers, supported by a coalition of labor unions and community groups and devoted to exposing how billionaires scheme to inflate their wealth and influence, has pointed out in a scathing report that the Robin Hood Foundation has close ties to an organization called the Managed Funds Association (MFA) that - shocker! - lobbies tirelessly for unjustified tax breaks for hedgies.



Paul Tudor Jones’s top deputy, John Torell, chairs the MFA, and 31 members of Robin Hood’s governing board and leadership committees are executives at firms that belong to the highest membership levels of the organization.

The MFA was relatively small until 2007, when Congress started eyeing the “carried interest” tax loophole. Then it brought out the heavy artillery to protect elites from paying their fair share. The carried interest loophole is the MFA’s top priority.

The King of Scams

The carried interest loophole, as economist Dean Baker put it, is likely the worst of all the:

“Sneaky and squirrelly ways that the rich use to escape their tax liability.”

It goes down like this: Hedge fund managers brazenly claim they deserve to pay a special low tax rate on the money they earn overseeing the funds they manage because, um, it’s not guaranteed. So they pay 20 percent instead of the 39.6 percent they would pay if the money were taxed as ordinary income.

They get very rich from this windfall, just ask Mitt Romney. But you know what? Lots of workers have no guarantee about the money they’ll earn, from people selling cars to the guy who just served you a burger. Do they get a special tax rate? No, they don’t. They pay full freight. In fact, almost nobody’s income is guaranteed.

You could get a pay cut tomorrow. Or a pink slip. Do you still pay regular income tax? Yep, you do.

This unfair tax break basically allows hedge fund managers to screw their fellow Americans out of money that could do things the illustrious patrons of the Robin Hood Foundation claim are so dear to their hearts, like building schools and feeding the poor.

According to a Congressional Research Service cited in the Hedge Clippers report, closing the carried interest loophole would generate $17 billion a year. How many hungry children in New York City could that feed? All of them?

The loophole makes absolutely no economic or social sense, it’s just a way for the rich to say, hey, we’re powerful enough to lobby for this insanity, so you little people just go ahead and pay for that airport where our private jets are about to land and that road where our Porsches and limos cruise. It’s a middle finger held up to every hard-working person in America. Dirt kicked in the face of the poor.

It’s a driver of inequality and encourages risky speculation on Wall Street. Hillary Clinton, perhaps hoping to ward off the threat of Bernie Sanders, has been making noise about closing the carried interest loophole, which many a politician has made before. Given the cultural focus on inequality and the egregiousness of the policy, it may just be vulnerable. Let’s hope so.

Den of Thieves

The mission statement of the Robin Hood Foundation brays about all the funding it provides for school programs, generating:

“Meaningful results for families in New York's poorest neighborhoods.” Soup kitchens! Homeless shelters! Job training! The tuxedoed tycoons throw money at all these causes “to give New York’s neediest citizens the tools they need to build better lives.”

How far does this largesse actually go toward ameliorating New York’s poverty problem? Unsurprisingly, not very far at all. In fact, as Hedge Clippers points out, the poverty rate in the city has grown over the course of the Robin Hood Foundation’s history, from 20 percent in 1990 to 21.2 percent in 2012.

Guess what’s also grown? The bank accounts of 19 billionaires on the Robin Hood Foundation’s boards, which have ballooned 93 percent since 2008.

Hedge Clippers applied a delicious tactic to expose the hypocrisy at the heart of the Robin Hood Foundation with stark mathematical precision - they used the organizations own metrics as an analytical tool. The foundation is famed for using grantee evaluations, cost-benefit analyses, and performance measures, including a metrics system freakishly named “relentless monetization.”

So the Clippers applied these methods to the foundation’s hedge fund backers themselves, systematically exposing the degree to which they increase inequality and poverty.

How bad it is?  A chilling ratio summarizes just how bad - 44:1. That is to say, for every dollar the Robin Hood Foundation hedge fund managers studied give to the organization’s antipoverty efforts, they soak up $44 from the public in the form of tax avoidance and anti-tax advocacy.  The authors of the report believe that to be a conservative estimate.

Take the case of Steve Cohen, he of the shark in formaldehyde, and board member emeritus of the Robin Hood Foundation.

The tally of his recent donations to the foundation: $4,850,000.

The estimated amount he ripped off the public in 2014 by paying special low tax rates: $1,300,000,000.           

Quite a difference.

When they aren’t advocating tax swindles, members of the Robin Hood Foundation put in plenty of time fighting fair wages, trying to shred the social safety net, and killing worker protections through their associations with organizations like the Manhattan Institute, the Partnership for New York City (the voice of big business in NYC and a big foe of paid sick leave), and Fix the Debt (a notorious group devoted to crushing Social Security and Medicare).

When you think about it, it looks as if the Robin Hood Foundation members are actively trying to strip the public and strangle working people to such a degree that poverty and nickels thrown by billionaires will be all that’s left of America.  

The rest of us will all be living in Sherwood Forest.  

The Robin Hood Foundation’s new motto: Increasing poverty is our business.

“A fast market is not necessarily a fair market, as evidenced by that Monday open. Frankly, some of the things that went on that day need very close scrutiny.”

Speaking of the erratic stock activity that occurred in late August, he said that:

“A day like that, where Facebook’s shares go from $86 to $72 to $84 in a matter of minutes will cause the public to lose confidence in the markets.”

Grasso also spoke of how the game was rigged to create an advantage for certain players.

“Creating an advantage to an institutional user or a particular type of trader that disadvantages the retail investor is bad for the country, bad for the markets and bad for your business,” he said.

Grasso has not been absent of controversy himself, he was actually forced to step down from the NYSE back in 2003 after he was accused of embezzling millions in retirement pay from the organization.

“I have cried for two days over this account because where the hell am I going to come up with this money?" said Stewart.

She lives in a rented house that was insulated earlier this month as part of the Warmer Healthier Homes project which meant she hadn't needed to use her heater as much.

"I'm not a power user as such, I've got that many blankets on my bed to keep it warm," said Stewart. "I'm on a benefit so I have to watch every single cent that I spend."

She has not started using any new appliances, doesn't have a heat pump, had a plumber in to check the thermostat in the hot water cylinder and is unsure of why her bill has almost doubled from one month to the next. Her power bill for the previous month was $421. 

Stewart had a smart meter installed on August 13. 

“I don't get it, the only thing I have done differently is drop my heater (turn it down)," said Stewart.

She said power companies should be responsible for letting customers know when their usage is uncharacteristically high.

“You know a courtesy call to say hey your power is way higher than it has ever been, is there something new in your home? Just to make people aware instead of just getting a bill like this," she said.

But she was keen to speak up about her experience after becoming aware through the huge public response on Facebook that there were many others in who were in a similar situation. 

“Honestly it doesn't just hurt me to see what I'm getting, it hurts me more to see what everyone else is getting too," said Stewart. "This is robbery, I feel damn sorry for those low income earners, those families with solo mothers. How the hell do they do it?"

When she first called Contact Energy to query the bill she was told it showed the amount of power she had used and there was nothing that could be done about it but to pay it off. 

A customer service representative told Kelly her energy use was between 47 and 49 kWh per day and it was likely to be her heater. Stewart has organised for an electrician to test her appliances.

A spokeswoman for Contact Energy said they had made contact with Kelly and were working with her to find a resolution to the issues.

Stewart said she had since heard back from Contact Energy who had offered her a discount and said they would change her plan from a low user to standard which would save money  

Nelson budget service adviser Rosalie Grant said it was reasonably common for power bills to sharply increase over winter. 

“What we normally advise is for people to pay their bills weekly or to consider pre-pay power, it takes away the surprise of a big bill," she said.

She also advised people who were faced with significantly increased power bills to contact their power provider in the first instance to arrange a pre-payment. 

Hot water tank leaks, or a lack of insulation in a home was a common cause of a significantly increased power bill during the winter, she said. 

From Panic to Judgment Day, Investors Struggle to Describe Rout

Panic. Judgment Day. Carnage. Meltdown. Fearful. Depressing. Psychologically draining. Wired.

As global markets tumbled, investors, strategists and asset managers across the world struggled for words to describe the selloff that wiped $490 billion from emerging-market equities, dragged Saudi stocks into a bear market and pushed Russia’s ruble toward its lowest closing level on record.

“I’m trying to process the whole thing. It’s just ugly.”

Michael Wang, a strategist at Amiya Capital LLP, based in London’s Mayfair:

“It makes it more stressful and psychologically draining to say the least. It means not losing your head, staying calm and not drinking too much caffeine! It will make you even more wired.”

Hertta Alava, who helps oversee the equivalent of about $395 million as the head of emerging markets at FIM Asset Management Ltd. in Helsinki:

“What a Monday! I stare a little more at Bloomberg at home, before work and after work.”

Nabil Rantisi, managing director at Mena Corp Financial Services LLC in Abu Dhabi:

“It feels like it’s judgment day. I’ve spent my entire holiday working.”

Wafik Dawood, a portfolio manager at Compass Capital in Cairo:

“The situation in Egypt is even more depressing and more intense as investors and traders were hoping recent economic developments would provide a catalyst for markets, but the situation keeps worsening as assets trade in a ‘Lehman-style’ meltdown.”

Darius McDermott, managing director of London-based fund broker, Chelsea Financial Services:

“This is a market meltdown, but it’s for different reasons than the 2008 financial crisis. We’ve had a few clients phoning in and we’ve been reminding them what their goals are and what their time frame is. Some will want access to capital as they’re fearful contagion will continue, but our clients tend to buy funds long term and some are seeing this as a decent buying opportunity.”

“The simple adage to be followed is fear is greater than greed and in this carnage shorting is the key.”

Nilesh Dedhia, a Mumbai-based director at Vidhi Wealth Management Ltd., which oversees about $236 million in assets:

“Just take a break and let the storm settle. We are urging clients to avoid bottom fishing.”

Andrew Clarke, director of trading at Mirabaud Asia Ltd. in Hong Kong:

“This move down is likely to cause some nasty margin calls. Brokers are in damage limitation mode. Markets in general have gone into panic mode, or at the very least, are about to.”

Chen Gaomin, 26, an individual investor who works at Baidu Inc. in Beijing:

“There is a super gloomy atmosphere talking about stocks. I just want the performance to go back to normal soon, so I can get my money back.”

Julian Mayo, co-chief investment officer at Charlemagne Capital in London:

“It’s surprising how much of a sell-off it’s been. It illustrates how addicted the markets have become to free money.”

(An earlier version of this story corrected the attribution in the first quote).

The FTSE 100 has now erased its gains for the year, but there are signs things could get a whole lot worse.

Germany Made 100 Billion Euros From The Greek Crisis + The Global Financial System Swindle
August 13 2015 | From: Geopolitics / Sputnik

Here’s one more item of proof that the whole financial system is one big swindle.



The paper-based monetary system started with nothing, literally. It came into life just by virtue of an imposed agreement. Played with rosy promises, the whole system was put into action with deliberately complex layers of paper shuffling and mind-numbing plethora of financial gobbledygook to cover its empty, shallow foundation.

When a country borrows money from a global  “development bank”, the finance minister won’t be coming home with crates of printed money, or tons of gold, to back up the subsequent money printing. The minister will be travelling home with a mutually signed paper giving instructions on how the borrowed sum plus interest would be paid in full before the next borrowing will be entertained.

Normally, one would expect to have borrowed something of value which would then be repaid with something of much greater value, but it doesn’t work that way. The whole fiat system is based on a complex system of projecting value in order to gain real value from your blood, sweat and tears.

When our finance minister went home with a paper instruction to pay, the actual payment of real value will then come from the actual hard asset that the people has built, e.g. bridges, airports, sea ports, roads and highways, out of the borrowed perceived value, i.e. loan, paper money, and bonds.

Any income from decades of collecting toll from every commuter, or users of such endemically constructed facilities will go to the issuer of the paper instructions, i.e. the bank.

Modern Recent Fiat Currency Failures: 1922: Austria - Suffered inflation as high as 134% 1932: Argentina - 8th largegst economy before monetary collapse 1944: Greece - 8.5 billion / month - prices doubled every 28 hours 1946: Hungary - 4.19 quintillion percent inflation - it doubled every 15 hours 1984: Israel - 445% inflation rate 1990: Peru - 397% monthly inflation rate 1992: Norway - Experienced major problems with their fiat currency 1993-94: Yugoslavia - 5x10 to the 15th power inflation (requires mathematical equations) 1993-95: Ukraine - 1,400% inflation rate per month 1994: Mexico - Peso collapsed in what is known as the 'Tequila Hangover' 1997: Thailand - Bhat collapsed and the effects spread to other nations 1998: Russia - Ruble collapsed, similar to German Weimar Republic 2001: Turkey - 1 new Lira exchanged for 1,000,000 old Lira - reformed in 2005 2007: Zimbabwe - 11,250,000% inflation at it's highest in the worst month

This simple scheme has been replicated worldwide for centuries through incorporation, treaties, and closed door trade agreements. And due to having born with it already in place, we normally think that the existence of the whole system is just normal and even natural as the next morning’s sunrise.

"Paper money eventually returns to it's intrinsic value - Zero" - Voltaire, 1694 - 1778

We have learned to accept things as condemnable as the current financial system - to be the result of the normal course of things because every institution that lives and breathes within the system says so. That’s how malleable our mind really is.

And when a borrower nation could not pay the loan principal and corresponding interest, i.e. percentage charges for using the system’s valueless paper instruments [principal], it must unload itself of its sovereign assets to pay for arrears.

This is a standard requirement before the borrower can borrow again from the lenders valueless instruments, more precisely, to be permitted to print debt-based currency.

Worse, they can manipulate the interest rates at will so that they could benefit even further while their clients bleed even more.

This is what’s happening in Greece and elsewhere…

Revealed: Germany Makes 100 Billion Euros From The Greek Crisis

The German government, which has taken a hard line on Greece, has saved some 100 billion euros ($109 billion) in the country’s financial crisis thanks to lower borrowing costs, a study has found.

Germany saved through lower interest payments on funds the government borrowed amid investor “flights to safety,” the German-based non-profit Halle Institute for Economic Research (IWH) said in its paper published Monday.

“These savings exceed the costs of the crisis – even if Greece were to default on its entire debt,” the study said. “Germany has clearly benefited from the Greek crisis.”

In the face of turmoil, investors seeking a safe haven for their money within the euro zone turned to export champion Germany, which “disproportionately benefited” from that during the debt crisis, the IWH said.

“Every time financial markets faced negative news on Greece in recent years, interest rates on German government bonds fell, and every time there was good news, they rose.”

Germany, the euro zone’s effective paymaster, has demanded fiscal discipline and tough economic reforms in Greece in return for consenting to new aid from international creditors, Agence France-Presse reported.

Finance Minister Wolfgang Schaeuble has opposed a Greek debt write-down while pointing to his own government’s balanced budget.



Wolfgang Schaeuble

The balanced budget, however, was facilitated largely by Germany’s interest savings amid the Greek debt crisis, according to the study. The estimated 100 billion euros Germany saved since 2010 accounted for more than 3% of GDP, according to the IHW.

“Even if Greece doesn’t pay back a single cent, the German public purse has benefited financially from the crisis,” said the paper. At the same time, the bonds of other countries – including the United States, France and the Netherlands – also benefited, but “to a much smaller extent.”

Greece and its creditors are working on the draft of a new bailout of up to 86 billion euros ($94 billion) in exchange for further reforms, AFP reported. They are aiming for a deal before Greece must repay 3.4 billion euros to the European Central Bank on August 20.

One would then ask why do we have to go abroad to borrow nothing, i.e. permission to print money, when we can construct these critical facilities on our own, using home grown materials and know-how?

Of course, we can. We just need to agree on all the details, i.e.:

1. The local government / community will have to print IOU's or paper currency to reflect the actual value of the project to be undertaken, i.e. farm to market roads, interconnecting highways;

2. The people will agree on the value of the project and will be willing to accept the value printed on the IOUs as payment in exchange for their labor;

We can do and establish a separate system. But we need to armed ourselves first because all those who have attempted to do so are now dead.

You would think that this hypnotic scheme would not go unperturbed by our 'smartest leaders' but they are part of the whole game. They are already living and breathing within it.



Breaking from such well entrenched, well defined scheme takes a whole lot of courage and self-sacrifice, and most of these people don’t know how to survive off-grid.

Therefore, you alone can set yourself free from it all. You alone can pull yourself from the whole control structure and move into real freedom.

Or, we can collectively eliminate all of them and regain control of the whole system.

Those are the choices.

Stalling The Trans-Pacific Partnership: The Failure Of The Hawai’i Talks +
TPPA Ministerial Fails – Time For NZ Government To Cut Losses
August 7 2015 | From: CounterPunch / Scoop

Anti-TPP activists and a bevy of other groups would have had reason to cheer the delays that afflicted the Trans-Pacific Partnership talks in Hawai’i last week. The obstacles seemed to loom so large that they, in the end, were irreconcilable.

There are various takes on this. One is that the delay will force negotiators into a Damascus conversion in the name of the public interest.

Related: New TPP leak shows Canada would be required to massively overhaul copyright, damaging free expression and censoring Internet

In Ian Verrender’s words, writing from the Australian perspective;

“This break will steel the resolve of our negotiators to actually fight for our interests”.

But this is wishful thinking, given that the entire philosophy of the TPP is corporate rather than individual, the executive memoranda stemming from unelected individuals, rather than parliamentary scrutiny and representation.

Australia has already done well to destroy its own standing on various domestic policies in a desperate attempt to bend over backwards to receive the mammon of “free trade”. It is willing to append its signature to a document that will abandon “reference pricing” to peg medicines to a set low price as part of its traditional Pharmaceutical Benefits Scheme.

Even as the Australian delegation is ready to slash the wrists of sovereign credibility, along with other colleagues in the TPP circle, the litigation mounted by Philip Morris continues to take place against Canberra in secret.

Australia’s former treasurer Wayne Swan found himself in Singapore in February to provide evidence in that sizeable case, in which the tobacco giant is suing for lost profits occasioned by the plain packaging regime for cigarettes sold in Australia. Having had their case demolished in the High Court, the corporate giants swooped in on the provisions of the Hong Kong-Australian trade deal which had, crucially, an Investor-State Dispute Settlements clause.

These have flowered like vicious weeds in trade deals since the 1990s, when they were deemed exceptional.

From the very beginning, the entire TPP negotiations came from a tilted plane, rather than an equal one. Partners are being treated, less as equals than discomforted stakeholders. The release by WikiLeaks of its latest round of cables, this time on the Tokyo-Washington relationship, continue to show that when it comes to treaties, economic agreements and commerce, an intelligence agency is around the corner doing the hoovering.

The US delegation remained impregnable on the issue of its dairy market, preventing such states as Australia and New Zealand from selling more milk, cheese and butter. In fact, the entire agricultural issue proved to be one of the most stubborn of sticking points, with negotiators salivating about getting access to the large US market.

Another point of unmoving obstinacy is that of intellectual property. The TPP is Washington’s Trojan horse in this regards, an attempt to insinuate pharmaceutical interests into several economies, thereby stifling the use of generic drugs and maintaining the monopoly of data protection on “biologics” for up to 12 years.

The chairman of the US Senate Finance Committee, Orrin Hatch, has stated that support for a final deal could not be guaranteed without it. In contrast, Chile’s vice minister for trade, Andres Rebolledo, made it clear that his country wanted “an agreement that balances public policy goals for intellectual property in medicines.”

This is not so much a case of free trade, as a form of globalised protectionism of medical knowledge. “Such rules,” asserts Dani Rodrik of Harvard’s John F. Kennedy School of Government, “tend to have an uncertain impact on innovation while generating substantial rents for US patent and copyright holders.”

It acts as a form of aggressive mercantilism: We will import less from you while our exports will be guaranteed access and protection in recipient markets.

The positions of the various 12 states varies, with some parties taking the high stand, and others taking a much lower one. Officials in Canberra have been pursuing tariff-free trade with an insentient, dogmatic insistence even as other countries resist opening agricultural markets and keeping their doors shut. All this callow enthusiasm, despite the US-Australia free trade arrangement resulting in the loss of $53 billion in trade, rather than the promised gain of $5.6 billion Canberra’s fantasists promised.

In the words of a Crawford School of Public Policy report from the Australian National University;

"The evidence reveals [that the agreement] resulted in a fall in Australian and US regional trade with the rest of the world – that the agreement led to trade diversion.”

Something in this may suggest why negotiations, and the entire process itself, has been cloaked in a secrecy that almost seems venal in nature. Transparency would kill it, precisely because the propaganda of infinite benefits would not cut the mustard.

Again, the issue in such trade agreements lies less in the nature of what is free, so much as what is not. This has not prevented the detractors from being optimistic. New Zealand’s Trade Minister, Tim Groser, suggested that much:

"Undergrowth has been cleared away in the course of the meeting in a manner that I would say is streets ahead of any other ministerial meetings we have had.”

May these delays continue to be chronic, extensive, and prolonged.

As long as they are, there may still be some lifeblood, however little, in the veins of democratic sensibility.




TPPA Ministerial Fails: Time For NZ Government To Cut Losses

‘The “final” ministerial meeting on the Trans-Pacific Partnership Agreement (TPPA) in Maui has failed.



Not opting to stay another day shows the gridlock is serious and potentially intractable’, according to University of Auckland law professor Jane Kelsey.

‘Everyone is blaming each other in Maui’, Kelsey said. ‘But the underlying reason for the gridlock is the domestic opposition in almost all the TPPA countries.’ ‘People simply don’t believe a deal that raises the price of medicines and handcuffs the right of governments to regulate is in their national interests’. ‘Despite erecting a shroud of secrecy around the negotiations, politicians know they can’t sign a final deal that they can’t sell at home.’

Professor Kelsey notes that Minister Groser’s sales job got much harder this week.



After years of denial, he and the Prime Minister have now confessed that medicines will indeed cost more, that the TPPA will prevent tighter restrictions foreign investments, and that foreign investors might indeed sue New Zealand and win under the TPPA.

‘Those confessions raised the political price of the TPPA and meant the Minister couldn’t accept a cosmetic deal. Despite downgrading his ambitions from the initial “full liberalisation” to something “commercially meaningful” for dairy, even that was not achievable.’

Time has now almost run out. The US Fast Track law sets out a complicated process the US must follow. US consumer organisation Public Citizen calculates the absolute minimum amount of time is about 3 months.

Under the more likely timeframe, if negotiations do not conclude until September the earliest Congress would vote on the TPP is January 2016, when the path to passage will be more politically fraught. That is US election year. The last thing Hilary Clinton, other Democrats and many Republicans want is a vote on a politically toxic deal mid-campaign.

‘Hopefully the groundswell of media coverage and discussion in New Zealand this week, along with a stronger position from Labour and the Waitangi Tribunal claim, have created enough pressure on the government to cut its losses and walk away’, Kelsey said. ‘At the very least, before the negotiations resume we need to see the text and the options clearly laid out, and have an independent and comprehensive cost benefit analysis that can be debated in an open and democratic way’. ‘I and others will seek to advance that openness with the judicial review proceedings of the Minister’s refusal to release documents under the Official Information Act, to be filed early next week’.

The Quadrillion Dollar Derivative Debt And The “Bail-in”: When You Deposit Funds In A Bank, It Becomes “Their Money”
August 6 2015 | From: GlobalResearch

The world is awash with “promises”. Nearly everything we think of as having “value” is because of a promise behind it. A few examples; your bank accounts, retirement funds, bonds and even the dollar bills in your pocket.

Your bank account for example, once you deposit the money it is no longer yours. You can argue this if you wish but we now know this is true for sure after recent “bail in” legislations passed throughout the west. When you deposit funds into a bank, it then becomes “their money” held for you …they “owe” it to you.

Comment: In New Zealand all of the NZ Reserve Bank registered banks are subject to the bail-in legislation. Credit Unions are not all subject to the legislation; depending on their status and structure however it appears.

Do not take this lightly, lawmakers around the world have made this the new reality. A little known fact, in 1845 Britain passed banking law that made depositors (unsecured creditors), this is still precedent to this day. When you deposit money you “accept a liability” from your bank and are classified as an unsecured creditor. In other words, “get in line with everyone else”!

Same thing with many retirement accounts. Think about Social Security. When you get your annual statement form, it comes with an asterisk. This is to inform you they “might need to reduce benefits”. With any retirement account you are relying on the custodian to make payments to you upon retirement.

Think about state and municipal retirement accounts promising the good life, they are nearly ALL underfunded. Meaning there is not enough money in there to make (promised) future payments unless some sort of magically higher returns are realized. These are underfunded by the TRILLIONS of dollars!

Bonds are an obvious asset class where a “promise” is relied on. Dollars on the other hand seem the most misunderstood by the public while being the biggest leap of faith in all asset classes. Dollars rely on the “full faith and credit” of the U.S. government (a bankrupt entity) yet the populace sleeps through the night secure knowing they own dollars.

ALL non backed, fiat currencies in the past have failed. The dollar is the widest spread and widely owned fiat the world has ever known, its failure will be spectacular upon arrival!

I wanted to point out the above “promises” as a basis to speak about trust or confidence. The financial world turns on the axis of “trust”. This trust was nearly broken in 2008 and is the reason the Federal Reserve needed to secretly lend $16 trillion all over the world.

If the Fed had not come up with these funds, failures would have spread and trust would have been broken amongst the banks/other financial institutions and even between the central banks themselves! The Fed’s largesse worked and trust was maintained.

Now, I believe we are set for another “test” of trust. We have gone five+ years with QE this and QE that, the reality being outright monetization. In fact, central banks today are buying more sovereign bonds than are even being issued.

The public and even the professional funds have backed away from the debt markets, you can’t blame them because the interest received does not even cover inflation not to mention a risk premium. Globally the pace of trade and business activity is slowing or even declining which will bring to a head the difficulties in meeting debt service and other “promises”.

They even made a movie about it: Margin Call is a 2011 American independent drama film written and directed by J. C. Chandor. The story takes place over a 36-hour period at a large Wall Street investment bank and highlights the initial stages of the financial crisis of 2007–08. In focus are the actions taken by a group of employees during the subsequent financial collapse.

The fictional head of a Wall Street firm “John Tuld” (a composite character resembling Merrill Lynch’s John Thain and Lehman Brothers’ Dick Fuld and played by the wonderfully villainous Jeremy Irons) is told that the firm is drowning in toxic mortgage-backed securities. Tuld orders his traders to rid the firm’s balance sheet of the junk by dumping it on unsuspecting counterparties and customers. 

I ask, what will happen when inevitably “trust” begins to wane? Or even fully break? It is at this point the system goes into “The Great Call”. Margin call? Of course, because nearly everything financial has leverage behind it but there is more to it than this.

The “call” I am speaking of is for contracts of all sorts to “perform”. In particular I am thinking “derivatives” contracts will be called on to perform their contractual duties.

All in all, there are over $1 quadrillion worth of derivatives outstanding. The problem with this is the “tail” is bigger than the dog. In other words, the amount of derivatives outstanding dwarfs the total amount of money outstanding and thus the ability to “pay” and make good on the contracts.

The other side of this coin are contracts promising to deliver something. Here I am thinking both gold and silver. There are far more (100-1 or more) obligations outstanding than there are ounces or kilos available to deliver. This is a default just waiting to happen.

If you listen to the Harry Dents of the world, the dollar will be the safe haven and where all fear capital will go. In a world based on nothing but trust and promises, will fear capital really pile INTO a currency based ONLY on trust and promises …when “trust” is exactly what is come into question.

Actually, it can be said the dollar was originally set up in 1971 on a “never pay” model. The dollar (and bonds) only promise to pay “more dollars” and nothing else. This game worked for many years, now it looks like the Saudis after doing many deals with both Russia and China may be set to transact in currency other than dollars. Are they displaying confidence?

The Chinese are now net sellers of U.S. Treasuries. Ask yourself this question, if China could sell all of their Treasuries and turn it all into gold, silver, oil, copper and other real tangible assets (without destroying the Treasury market or making gold and silver go no offer), would they?

I say yes, they absolutely would love to be out from under their Treasury position. Apologetic others might say China is comfortable, we will soon see.

Because confidence is the only thing at this point holding the game together …and its fickle nature, it is important for you to think this through. What will be standing when confidence breaks? Can banks globally survive “runs” when depositors come calling? Can commodity exchanges deliver all they promise?

Can borrowers “borrow more” if they cannot redeem past issues with new debt? This is where we are headed both systemically and globally!

Before finishing I want to tie two connected thoughts together. First, the great Paul Craig Roberts said last week he feared precious metals could be suppressed forever. I received MANY fearful e-mails regarding this thought process. Mr. Roberts would be entirely correct if it were not for one small detail, REAL gold and REAL silver must be available to deliver.



Dr. Paul Craig Roberts

Otherwise the game comes to an end and the fraud is exposed. He is entirely correct, “price” can be jammed or rammed with enough “margin” posted. Dan Norcini once upon a time had it correct when he said, nothing will unnerve the shorts more than the longs standing for delivery …and making a call for the product.

I would like to remind you, COMEX currently has only 11.7 tons of gold for delivery. This is roughly $400 million. If I were short, this paltry sum would not add to my confidence.

Another thought going hand in hand with this is where we are now versus 2008. Back then we were within overnight hours of the entire system coming down, this is fact. What has changed since then? “Nothing”, but in reality quite a bit. Nothing has changed from the standpoint of “tools used”. We have not altered or changed anything that “got us to the brink”… only done more of it!

We have far more debt and more derivatives outstanding now. In fact, central banks and sovereign nations have even sacrificed their balance sheets to prolong the game. It has worked …so far.

The only problem is the entire arsenal of the central banks have already been tried and failed to provide the real economy with any stimulus.



The result has been capital pushed into financial markets and blowing the bubble(s) far larger than they were. Now, we have far larger markets with far more leverage than 2008.

These will need to be met with central banks and sovereign treasuries with weaker balance sheets and almost no ability to borrow in an effort to reflate. It is a recipe for disaster.

We already know the sovereign debt markets are very thin on the bid side as liquidity has dried up. We also know equity markets are displaying horrible internal breadth. China is actually nearing a 1929 scenario and will be there shortly if they cannot steady.

Confidence is a fickle girl, if it breaks, then we go back to the 2008 scenario and we’ll find out just how powerful the central banks really are. I believe the coming “Great Call” cannot nor will be met and only then will we see what is left standing.

It is imperative here and now to position yourself in assets that do stand on their own, everything else will be a broken promise!

The Quadrillion Dollar Derivative Debt And The “Bail-in”: When You Deposit Funds In A Bank, It Becomes “Their Money”
August 6 2015 | From: GlobalResearch

The world is awash with “promises”. Nearly everything we think of as having “value” is because of a promise behind it. A few examples; your bank accounts, retirement funds, bonds and even the dollar bills in your pocket.

Your bank account for example, once you deposit the money it is no longer yours. You can argue this if you wish but we now know this is true for sure after recent “bail in” legislations passed throughout the west. When you deposit funds into a bank, it then becomes “their money” held for you …they “owe” it to you.

Comment: In New Zealand all of the NZ Reserve Bank registered banks are subject to the bail-in legislation. Credit Unions are not all subject to the legislation; depending on their status and structure however it appears.

Do not take this lightly, lawmakers around the world have made this the new reality. A little known fact, in 1845 Britain passed banking law that made depositors (unsecured creditors), this is still precedent to this day. When you deposit money you “accept a liability” from your bank and are classified as an unsecured creditor. In other words, “get in line with everyone else”!

Same thing with many retirement accounts. Think about Social Security. When you get your annual statement form, it comes with an asterisk. This is to inform you they “might need to reduce benefits”. With any retirement account you are relying on the custodian to make payments to you upon retirement.

Think about state and municipal retirement accounts promising the good life, they are nearly ALL underfunded. Meaning there is not enough money in there to make (promised) future payments unless some sort of magically higher returns are realized. These are underfunded by the TRILLIONS of dollars!

Bonds are an obvious asset class where a “promise” is relied on. Dollars on the other hand seem the most misunderstood by the public while being the biggest leap of faith in all asset classes. Dollars rely on the “full faith and credit” of the U.S. government (a bankrupt entity) yet the populace sleeps through the night secure knowing they own dollars.

ALL non backed, fiat currencies in the past have failed. The dollar is the widest spread and widely owned fiat the world has ever known, its failure will be spectacular upon arrival!

I wanted to point out the above “promises” as a basis to speak about trust or confidence. The financial world turns on the axis of “trust”. This trust was nearly broken in 2008 and is the reason the Federal Reserve needed to secretly lend $16 trillion all over the world.

If the Fed had not come up with these funds, failures would have spread and trust would have been broken amongst the banks/other financial institutions and even between the central banks themselves! The Fed’s largesse worked and trust was maintained.

Now, I believe we are set for another “test” of trust. We have gone five+ years with QE this and QE that, the reality being outright monetization. In fact, central banks today are buying more sovereign bonds than are even being issued.

The public and even the professional funds have backed away from the debt markets, you can’t blame them because the interest received does not even cover inflation not to mention a risk premium. Globally the pace of trade and business activity is slowing or even declining which will bring to a head the difficulties in meeting debt service and other “promises”.

They even made a movie about it: Margin Call is a 2011 American independent drama film written and directed by J. C. Chandor. The story takes place over a 36-hour period at a large Wall Street investment bank and highlights the initial stages of the financial crisis of 2007–08. In focus are the actions taken by a group of employees during the subsequent financial collapse.

The fictional head of a Wall Street firm “John Tuld” (a composite character resembling Merrill Lynch’s John Thain and Lehman Brothers’ Dick Fuld and played by the wonderfully villainous Jeremy Irons) is told that the firm is drowning in toxic mortgage-backed securities. Tuld orders his traders to rid the firm’s balance sheet of the junk by dumping it on unsuspecting counterparties and customers. 

I ask, what will happen when inevitably “trust” begins to wane? Or even fully break? It is at this point the system goes into “The Great Call”. Margin call? Of course, because nearly everything financial has leverage behind it but there is more to it than this.

The “call” I am speaking of is for contracts of all sorts to “perform”. In particular I am thinking “derivatives” contracts will be called on to perform their contractual duties.

All in all, there are over $1 quadrillion worth of derivatives outstanding. The problem with this is the “tail” is bigger than the dog. In other words, the amount of derivatives outstanding dwarfs the total amount of money outstanding and thus the ability to “pay” and make good on the contracts.

The other side of this coin are contracts promising to deliver something. Here I am thinking both gold and silver. There are far more (100-1 or more) obligations outstanding than there are ounces or kilos available to deliver. This is a default just waiting to happen.

If you listen to the Harry Dents of the world, the dollar will be the safe haven and where all fear capital will go. In a world based on nothing but trust and promises, will fear capital really pile INTO a currency based ONLY on trust and promises …when “trust” is exactly what is come into question.

Actually, it can be said the dollar was originally set up in 1971 on a “never pay” model. The dollar (and bonds) only promise to pay “more dollars” and nothing else. This game worked for many years, now it looks like the Saudis after doing many deals with both Russia and China may be set to transact in currency other than dollars. Are they displaying confidence?

The Chinese are now net sellers of U.S. Treasuries. Ask yourself this question, if China could sell all of their Treasuries and turn it all into gold, silver, oil, copper and other real tangible assets (without destroying the Treasury market or making gold and silver go no offer), would they?

I say yes, they absolutely would love to be out from under their Treasury position. Apologetic others might say China is comfortable, we will soon see.

Because confidence is the only thing at this point holding the game together …and its fickle nature, it is important for you to think this through. What will be standing when confidence breaks? Can banks globally survive “runs” when depositors come calling? Can commodity exchanges deliver all they promise?

Can borrowers “borrow more” if they cannot redeem past issues with new debt? This is where we are headed both systemically and globally!

Before finishing I want to tie two connected thoughts together. First, the great Paul Craig Roberts said last week he feared precious metals could be suppressed forever. I received MANY fearful e-mails regarding this thought process. Mr. Roberts would be entirely correct if it were not for one small detail, REAL gold and REAL silver must be available to deliver.



Dr. Paul Craig Roberts

Otherwise the game comes to an end and the fraud is exposed. He is entirely correct, “price” can be jammed or rammed with enough “margin” posted. Dan Norcini once upon a time had it correct when he said, nothing will unnerve the shorts more than the longs standing for delivery …and making a call for the product.

I would like to remind you, COMEX currently has only 11.7 tons of gold for delivery. This is roughly $400 million. If I were short, this paltry sum would not add to my confidence.

Another thought going hand in hand with this is where we are now versus 2008. Back then we were within overnight hours of the entire system coming down, this is fact. What has changed since then? “Nothing”, but in reality quite a bit. Nothing has changed from the standpoint of “tools used”. We have not altered or changed anything that “got us to the brink”… only done more of it!

We have far more debt and more derivatives outstanding now. In fact, central banks and sovereign nations have even sacrificed their balance sheets to prolong the game. It has worked …so far.

The only problem is the entire arsenal of the central banks have already been tried and failed to provide the real economy with any stimulus.



The result has been capital pushed into financial markets and blowing the bubble(s) far larger than they were. Now, we have far larger markets with far more leverage than 2008.

These will need to be met with central banks and sovereign treasuries with weaker balance sheets and almost no ability to borrow in an effort to reflate. It is a recipe for disaster.

We already know the sovereign debt markets are very thin on the bid side as liquidity has dried up. We also know equity markets are displaying horrible internal breadth. China is actually nearing a 1929 scenario and will be there shortly if they cannot steady.

Confidence is a fickle girl, if it breaks, then we go back to the 2008 scenario and we’ll find out just how powerful the central banks really are. I believe the coming “Great Call” cannot nor will be met and only then will we see what is left standing.

It is imperative here and now to position yourself in assets that do stand on their own, everything else will be a broken promise!

Global Derivatives: $1.5 Quadrillion Time Bomb
August 6 2015 | From: Geopolitics

The glorified usury system of the West has superheated past its boiling point and is ready to explode. Financial instruments of false value amounting to multiple trillions of US dollars that are currently intoxicating the global economy are ready to vaporize.

China has been in the process of unleashing its Western treasury bonds in favor of harder currencies like gold, oil, real estate and exotic technology.

Related: The Keiser Report: Debunking Economics

When investing becomes gambling, bad endings follow. The next credit crunch could make 2008-09 look mild by comparison. Bank of International Settlements(BIS) data show around $700 trillion in global derivatives. 

Along with credit default swaps and other exotic instruments, the total notional derivatives value is about $1.5 quadrillion – about 20% more than in 2008, beyond what anyone can conceive, let alone control if unexpected turmoil strikes.

The late Bob Chapman predicted it. So does Paul Craig Roberts. It could “destroy Western civilization,” he believes. Financial deregulation turned Wall Street into a casino with no rules except unrestrained making money. Catastrophic failure awaits. It’s just a matter of time.

Ellen Brown calls the “derivatives casino…a last-ditch attempt to prop up a private pyramid scheme” – slowly crumbling under its own weight.

For years, Warren Buffett called derivatives “financial time bombs” – for economies and ordinary people.



Warren Buffett

Unless collateralized or guaranteed, their worth depends on the creditworthiness of counter-parties. Earnings on derivatives are “wildly overstated,” Buffett explains – because they’re “based on estimates whose inaccuracy may not be exposed for many years.”

When corporate bosses ask financial executives how profits look in any quarter, they, in turn, ask how much do you want, then manipulate things to oblige when told.

Since 2008, too-big-to-fail banks consolidated to much greater size than ever. They’re financial and political powerhouses controlling world economies to their own advantage.

Civilization’s only hope is smashing them dismantling them into small, impotent pieces, or ideally putting money back in public hands where it belongs.

It’s too important to be privately controlled. Financial predators entrap small/weak nations into unrepayable debt peonage like Greece, bleed them dry, and thirdworldize developed ones into dystopian backwaters – while they grow richer and more powerful than ever ahead of the whole corrupt system going bust, decimating billions worldwide in greater human misery than already.

Washington Post editors support what demands condemnation. Don’t worry, be happy, they say. On July 23, they headlined “The Fed’s stance on banks and capital makes good sense.”



Janet Yellen

Half-intelligent economics students know better. The Wall Street owned, controlled and operated Fed is the problem, not the solution.

Monied interests buy politicians like toothpaste. They write business friendly legislation, getting Congress to pass it in return for generous campaign contributions and other special favors.

America’s economy and financial system are house-of-cards disasters waiting to happen. Not according to WaPo editors.

“The US financial system has made significant progress toward being less bailout-prone since” the dust settled on the 2008-09 crisis, they said. “Big banks are considerably better capitalized than” half a decade earlier – enough to “withstand (another) ‘Great Recession.”

The source: The Wall Street controlled Fed’s last ‘stress test’ assessment made public in March – ignoring the monstrous derivatives ticking time bomb weighing them all down along with the entire financial system.

WaPo editors endorse too-big-to-fail banks. They tout so-called “economies of scale and greater ‘soft power’ for US foreign policy.

Near the end of his tenure, Bill Clinton signed legislation repealing Glass-Steagall (the 1999 Gramm-Leach-Bliley Act – letting insurance, investment and commercial banking merge) and the Commodity Futures Modernization Act (permitting unregulated commodity and derivatives trading).

A casino culture of anything goes persists. When counter-parties don’t have funds to pay on demand, bubbles begin deflating. It’s just a matter of time before current market mania ends.

For failing to fulfil its commitments to and for using the Collateral Accounts of the East for its own globalist ambitions, the West is about to hear the loudest and most destructive explosion of its economy anytime soon.

When that happens the ignoramuses will panic, but those in the know will take over the reigns of power to restore order. There will be hardships at the beginning but conditions will improve once a new system is put in place.

The Chinese people have, all this time, shown the world how collective labor and sacrifices can improve their economy. Now, they are more than ready to use the capitalist own weapons against it.

The whole journey is all part of a greater education for everyone; lessons needed to be learned before we can classify ourselves to be part of a thriving civilization.

.

“This makes it very clear,” Lyndon LaRouche said today. “Schäuble is barking for the Queen.”

Yet Schäuble was still insisting on a Greek exit from the Euro today, even after Greece had signed on to his diktat. “And he’s going to get the exit he wants,” said LaRouche.

“It’s obvious he’s going to get an exit. And that’s when Greece will go to Russia. And once they go to Russia, at that point what will happen is that the European continental region will go into a spin-dive downward. And that will then shape everything". “This is where the British are counting on Obama, to set forth a casus belli, which will actually be a British casus belli. Saving the situation will be the pretext for the war. Russia will get an ultimatum: either you submit to us, or we will go to war with you. The British will create a confrontation between Russia and the Presidency of the United States, and Obama, the President of the United States, will go to war with Russia." “That’s the scenario. And the game against China, is part of the same pattern. The case is clear. The question is: who’s got the guts to face the reality? And there are very few people who have the guts to face that reality. Because, what’s going to happen, is that suddenly the institutions of the United States government, will then launch war." “What Schäuble has done on the Queen’s orders, will be part of the pretext. The British Empire’s policy will be, then, to get the United States to launch warfare against Russia. For which Russia will be prepared. It means the extermination of much of the human species, but the British Empire wants to reduce much of the human population anyway." “But that’s the reality. Let’s see what kinds of guts and brains people may have. Because there’s nothing else we can do beyond that. We’ve got to make that the challenge,” LaRouche concluded.

And often, global headlines from deep sea oil exploration protests here, to Russian pressure on Ukraine have a direct KiwiSaver link too.

Princesses and Bluebirds



Cinderella and her bluebirds are owned by Walt Disney, and Walt Disney is partly-owned by many KiwiSaver funds.

KiwiSaver funds invest a lot of their money in shares, many of them giant US companies. Walt Disney is among them, so many KiwiSavers in effect own an entire battalion of princesses from the soapy, pre-feminist Cinderella and Sleeping Beauty to feistier (though still frock and prince-obsessed) modern-day ones.

ANZ's KiwiSaver Growth fund was 0.65 per cent invested in Walt Disney at the end of March, its public annual disclosure datafile shows. Westpac's Balanced fund had 0.44 per cent.

Deep Sea Oil Exploration in New Zealand

If you have seen those Stop Deep Sea Oil posters and car stickers around, or been stopped in the street by an activist with a Greenpeace clipboard, you'll know some New Zealanders are nervous about ongoing deepwater oil prospecting in our seas.

They fear the impact a spill would have on our coasts and marine environments.

What you may not realise is that two of those prospectors, Chevron and Anadarko, are listed companies which are both partially-owned by some KiwiSaver growth funds.

BNZ's Growth fund, for example, had 0.05 per cent of its assets in Chevronat the end of March. Westpac's Growth fund had 0.01 per cent of its money in Anadarko.

Hammer of the Ukrainian Economy

KiwiSavers unwittingly take part in global political affairs through their ownership or shares and bonds.

Russian company Gazprom stopped selling gas to Ukraine on July 1 and the Ukraine economy is hurting. Ukraine lost Crimea to Russia last year. Tensions are high. Gazprom issues bonds to investors to fund its operations.

Some KiwiSaver funds by them. Westpac's balanced fund had a small stake in Gazprom.

Assassin's Creed

Violent video games may not be your thing, but some KiwiSaver funds invest in their makers.

London, 1868. The Industrial Revolution has brought in an age of invention, but the poor are little more than legalised slaves, until assassin Jacob Frye decides to fight on their side.

KiwiSavers in BNZ's growth fund are among those who should be hoping that Frye will make Ubisoft, the games publisher a heap of money.

It's another example of the stories buried away in the heart of KiwiSaver.

Funds within Funds

KiwiSaver schemes invest your money in stocks and shares. They often do that through other funds, which in turn may invest in yet further funds.

KiwiSaver can feel a little like a set of Russian dolls that way.

Take the Westpac KiwiSaver Growth fund as an example.

At the end of March, its single biggest holding was with Ramius Alternative Solutions. It is a US hedge fund specialist which was looking after 9.01 per cent of the Westpac Growth fund at that date. And its speciality is investing the money entrusted to it with other fund managers.

The Vampire Squid

Goldman Sachs tower in New York from which global financial domination is plotted

KiwiSavers are, by default, passive players in the highest levels of global capitalism because KiwiSaver funds are shareholders in some of the biggest names in financial services, including some that have been pinged with some enormous fines and have agreed to pay enormous sums to end lawsuits.

Goldman Sachs is among them. It was described by Rolling Stone magazine in 2009 as "great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money."

It's coughed up some staggering fines and settlements for its past actions.

It is also a staple of KiwiSaver portfolios.

AMP's growth fund owns a little, for example, and its not alone. Most big growth KiwiSaver funds also own other big banks whose records are far from spotless like HSBC, Citibank, and JP Morgan Chase.

Droning on

Many KiwiSaver schemes are invested in companies that supply war machines. One example is giant US engineering firm Honeywell. The BNZ KiwiSaver Growth fund owns a piece of it, and it is not alone.

Honeywell makes reaper drones which have made plenty of headlines for their use in the Middle East.

Ethical KiwiSaver funds do their best to exclude things like tobacco, pornography and arms manufacture, but it's hard.

Take Koinonia, the KiwiSaver scheme for Christians. It aims to do that, but its Growth fund's joint fifth largest holding at the end of March was Warren Buffet's Berkshire Hathaway, and it owns TTI, an electronics company, which in June was awarded the title of "Military/Aerospace Distributor of the Year" by manufacturer Souriau. TTI is a small part of the Buffet empire, but its still there.

Support their Veterans

KiwiSaver funds invest in hundreds of companies. Each has its own story, and some of them are fascinating. Take The Kroger Company, which was a top 10 holding in Kiwibank's KiwiWealth KiwiSaver growth fund.

It's a US supermarket operator, which in 2014 did over US$108billion of sales, and its got a big drive on to support returning US war veterans.

There's a parallel there to retailers here like The Warehouse and Z Energy raise funds for good causes.


Foreign Country Bonds

Slovenian government debt is a lesser known KiwiSaver asset.

Many of the world's countries are big debtors, and KiwiSavers are profiting from this.

Conservative and balanced funds buy government bonds. Income is earned off the interest they pay, but there can be capital gains.

Take the example of the BNZ Conservative fund.

It's got US Treasury bills, British bonds alon with  German, Kiwi, Irish, Mexican, Norwegian, Japanese, Danish, Malaysian, Canadian, South African, Australian, Swedish, Polish, French, Slovenian, Finnish, Italian and Belgium bonds.

It's not just countries. Local councils are increasingly indebted. BNZ's Conservative fund has Dunedin City Council bonds and Auckland Council bonds.

Merivale Mall

KiwiSaver schemes tend to hold "liquid" assets that are easy to sell. But, because they are huge, KiwiSaver funds are able to hold illiquid assets.

An example is Growth Fund of the Fisher Funds Two scheme, which owns Christchurch's Merivale Mall.

Ms Rinehart, whose family have accumulated vast wealth from iron ore mining, has seen her fortune dwindle since commodity prices began their inexorable slide last year. The Australian mining mogul has seen her estimated wealth collapse to around $11bn (£7bn) from a fortune that was thought to be worth around $30bn just three years ago.

This colossal collapse in wealth is symptomatic of the wider economic problem now facing Australia, which for years has been known as the lucky country due to its preponderance in natural resources such as iron ore, coal and gold. During the boom years of the so-called commodities “super cycle” when China couldn’t buy enough of everything that Australia dug out of the ground, the country’s economy resembled oil-rich Saudi Arabia.

Gina Rinehart, Australia’s richest woman, has seen her fortune dwindle because of the fall in commodity prices

While the rest of the world suffered from the aftermath of the global financial crisis, Australia’s economy – closely tied to China – appeared impervious, with full employment and a healthy trade surplus.

However, a collapse in iron ore and coal prices coupled with the impact of large international mining companies slashing investment has exposed Australia’s true vulnerability. Just like Saudi Arabia, which is now burning its foreign reserves to compensate for falling oil prices, Australia faces a collapse in export revenue.

Recently revised figures for April show that the country’s trade deficit with the rest of the world ballooned to a record A$4.14bn (£2bn). That gap between the value of exports and imports is expected to increase as the value of Australia’s most important resources reaches new multi-year lows.

Iron ore is now trading at around $50 per tonne, compared with a peak of around $180 per tonne achieved in 2011. Thermal coal has also suffered heavy losses, now trading at around $60 per tonne compared with around $150 per tonne four years ago.

For an economy which in 2012 depended on resources for 65pc of its total trade in goods and services these dramatic falls in prices are almost impossible to absorb without inflicting wider damage. The drop in foreign currency earnings has seen Australia forced to borrow more in order to maintain government spending.

The respected Australian economist Stephen Koukoulas recently wrote of the dangers that escalating levels of foreign debt could present for future generations. Could a prolonged period of depressed commodity prices even turn Australia into Asia’s version of Greece, with China being its banker of last resort instead of the European Union.





Mr Koukoulas points out that by the end of the first quarter this year, Australia’s net foreign debt had climbed to a record $955bn, equal to almost 60pc of gross domestic product. Although this is far behind the likes of Greece, which boasts an unenviable ratio of over 175pc, it is nevertheless unsustainable, especially if it is allowed to widen further.

The government in Canberra and the Reserve Bank of Australia had bet that depreciation in the value of the country’s currency would help to offset the decline in its overbearing mining industry. However, that hasn’t happened to the extent they would have wished.

Although recent surveys of business confidence have been encouraging, outside mining the economy appears hopelessly weighted to the only other area of significant growth, real estate.

The problem is that Australia, after decades of effort to diversify, is looking ever more like a petrodollar economy of the Middle East, but without the vast horde of foreign currency reserves to fall back on when commodity prices fall.

Instead, Australians must borrow to maintain the standards of living that the country has become accustomed to, which even some Greeks will admit is unsustainable.

It’s Germany that’s been pressuring the Greeks to pay up even though the former has dodged its sovereign debts in the past. Now, even a German medium is  predicting a dire scenario for the Eurozone

According to DWN, this is the end of the EU in its previous form - a political union, cherishing mutual trust and democratic principles. The democracy is now becoming a marginal phenomenon. ‘Strong’ states now give ultimatums to ‘weak’ ones in a way that was never done before.

On Monday, Greece and Eurozone leaders are finally reported to have reached a unanimous agreement, according to which Greece may get 86 billion euros over the next three years if it conducts the necessary reforms.

The imposed economic policies, however, will destroy the Greek economy. The Greek banks will partially collapse, while many savers will lose their money. The policy of austerity has not worked in the past five and a half years, and is unlikely to work now, the newspaper wrote.

The consequences for Eurozone countries will be dramatic. The Greek banking panic could in seconds become a European banking panic which would be uncontrollable. The solidarity in the EU is eroding, with countries acting in their own selfish interests. The refugee crisis is likely to become the next failure in the EU, which will have members acting in their own interests and not in the interests of the Union as a whole, the article said.

According to DWN, Angela Merkel and Wolfgang Schäuble have overnight transformed the EU into an entity that is no longer held together by trust, but only by naked fear.

With the signing of the agreement with Greece the nightmare for the EU has begun. Life in Europe is no longer determined by contracts, but by the law of the jungle, the newspaper wrote.




The Troika Swindle: Greeks Owe Nothing

€245 billion debt was fraudulently dumped on the country. In June the Greek "Truth Committee on Public Debt" established by Zoi Konstantopoulou the speaker of the Greek parliament “came to the conclusion that Greece should not pay this debt because it is illegal, illegitimate, and odious.”

The establishment media has hidden from view the facts behind the debt and has sided with the banks in declaring the population of Greece deserves austerity and its attendant poverty and misery because of the Greek government’s intransigence and refusal to accept the harsh conditions of the Troika, consisting of the IMF, European Commission and European Central Bank.

Left unsaid is the fact a large portion of the debt totaling about €245 billion was fraudulently dumped on the country in the course of huge bank bailouts in 2010 and 2012.

“And since the huge bank bailouts, ‘Greek debt’ exists only on the basis of the Wall Street practice for unpayable debt, known as ‘extend and pretend.’ Its interest and repayment terms have been so dramatically changed by the creditors — in a backhanded admission that it cannot be paid — that in debt-market terms, it is nearly worthless,” - Paul Gallagher wrote in February.(source)

Gallagher explains that the Greek debt swindle is similar to the TARP scam foisted on the American people following the subprime fiasco and a move by the Federal Reserve to print $4 trillion of new money to cover the gambling debt of the financial class. “Its political perpetrators are the same huge banks, and the European Central Bank working with the Federal Reserve,” he writes.

In the course of buying up toxic mortgage securities and derivatives from the United States, the European banks engaged in their own subprime scam and made unrepayable loans to governments in Greece, Ireland, Portugal, and Hungary.

“Big Wall Street banks were involved, particularly Goldman Sachs, which created ‘magic’ derivatives in 2001: Take a bank loan to Greece, make it look like a mere ‘currency swap’ rather than a debt - but turn it into a much bigger debt ten years later,” Gallagher points out.

Related: Goldman Sachs could face lawsuit for helping hide Greek debt - report

But most of the loaned money did not stay in Greece. More than 90% went directly and immediately to Deutschebank, HSBC, JPMorgan Chase, “and their fellow sharks, with small amounts crumbling to the hedge funds swimming alongside.”

Former Greek Labor and Social Security Minister and chair of the National Bank of Greece Louka Katseli said Greece actually spent a meager 3% of the $275 billion loaned by the banksters.

“One of the reasons that everybody is so determined to keep Greece in the euro is so that the banks do not have to take a serious hit on their faulty lending policies" - Nigel Farage, Member of the European Parliament from the UK Independent Party, told RT in 2011. “It is almost as if there is an unholy alliance of politicians and bankers versus ordinary people.”

Germany Is The Country That’s Never Repaid Its Debts

According to pertinent records, only 10% of Greeks debt to the Troika actually went into the national economy, i.e. as much as 90% went to German and French banks.  They were bailing out themselves in 2008 at the cost of the pensions of the elderly, and massive unemployment.

But that’s not all. Those who were claiming to have the moral high ground to this issue come from a country that has never repaid all its debts. In fact, is a beneficiary of a debt write-off.

German Hypocrisy: Never Repaid Own Debts, Forces Others to Pay Up

Thomas Piketty, a renowned French economist, pulled no punches with Germany and its harsh stance towards the Greek debt, pointing out true hypocrisy on behalf of Berlin, since the Germans have never repaid their own debts.

“When I hear the Germans say that they maintain a very moral stance about debt and strongly believe that debts must be repaid, then I think: what a huge joke! Germany is the country that has never repaid its debts. It has no standing to lecture other nations,” Piketty told German newspaper Die Zeit in an interview.

Piketty noted that German debts were restructured or forgiven in some ways by its creditors after World War II, which helped the country stabilize its economy and reach high rates of economic growth.

“After the war ended in 1945, Germany’s debt amounted to over 200% of its GDP. Ten years later, little of that remained: public debt was less than 20% of GDP. Around the same time, France managed a similarly artful turnaround. We never would have managed this unbelievably fast reduction in debt through the fiscal discipline that we today recommend to Greece.”

French economist Thomas Piketty

The French economist wasn’t afraid to point out World War II and the German history of forcing other countries to repay their debts, regardless of how hard it was for the economies of unfortunate nations at the time. For example, Germany made France pay back reparation costs after the end of the Franco-Prussian War of 1870.

At the same time, Piketty told Die Zeit about the importance of forgiveness, something that Germany seems to lack.

“We cannot demand that new generations pay for the mistakes of their parents for decades… If we [the French] told you Germans in the 1950s that you have not properly recognized your failures, you would still be repaying your debts. Luckily, we were more intelligent than that,” Piketty reminded.

The French economist also urged the German government to soften its stance on the Greek debt, otherwise it could lead to the destruction of Europe and the European idea of unity and forgiveness.

“We need to look ahead. Europe was founded on debt forgiveness and investment in the future. Not on the idea of endless penance. We need to remember this,” the Frenchman stressed.

Greece is one of the countries hit worst by the 2007-2008 financial crisis. The country received financial help from the European Union twice, in 2010 and 2012, but austerity caused a decline in GDP and as a result lead to the country’s inability to resolve its debts in 2015.

Greece owes about $270 billion of its total $350-billion debt to the International Monetary Fund, the European Central Bank and some Eurozone countries [Really?].




Troika Lenders Are Terrorists!

Greek Minister Compares Actions of International Creditors to Terrorism



Greek Finance Minister Yanis Varoufakis referred to the actions of Athens’ international lenders as “terrorism” in an interview with the Spanish El Mundo newspaper published Saturday.

“There is a name for what they are doing to Greece: terrorism… Why did they forced us to close banks? To strike fear into people. And when we are talking about inciting fear, this phenomenon is called terrorism,” - Yanis Varoufakis

Brussels and Greece’s major foreign lenders, including the International Monetary Fund (IMF) and the European Central Bank, (ECB) want Greek voters to accept the bailout terms proposed to Athens by the creditors at the Sunday referendum.

“But we will not allow them humiliate us, we will show that we have no fear,” Varoufakis said.

Greece’s overall debt to international creditors stands at about $350 billion, of which $270 billion is owed to the European Central Bank (ECB), the International Monetary Fund (IMF) and eurozone countries.

On Sunday, Greek voters will take part in a referendum to decide whether Greece should accept its creditors’ demands for spending cuts and tax increases in exchange for financial aid.


The Trail of the Troika: A must-see to understand the situation in Greece

What is happening in Europe in the name of the troika? A must-see for anyone who wants to understand the situation in Greece.

The European Union and International Monetary Fund have lent more than 400 billion Euros to Greece, Portugal, Ireland and Cyprus to keep these countries solvent. The lenders granted enormous power to the three institutions of the so called troika: the IMF, the European Central Bank and the European Commission.





Without any public accountability, the troika is forcing the crisis states to implement policies that are tearing the social fabric of their countries apart. German journalist and best-selling author Harald Schumann travelled to Athens, Lisbon, Dublin, Nicosia, Brussels, Washington, New York and London, in order to find out who has actually benefited from austerity measures.

He puts this question to ministers, parliamentarians, economists, bankers, doctors and also to the victims of these policies, the unemployed and the ill. Among the many people we meet are Nobel Prize winner Paul Krugman, IMF Director Paulo Batista and Yanis Varoufakis, the newly elected Greek finance minister.

Schumann’s revelations are often devastating and shocking. Given the negotiations currently taking place between the newly elected Greek government and their European partners, this film is of great political and economic relevance.

"The shadow banking system (or shadow financial system) is a network of financial institutions comprised of non-depository banks - e.g., investment banks, structured investment vehicles (SIVs), conduits, hedge funds, non-bank financial institutions and money market funds. How it works / Example: Shadow banking institutions generally serve as intermediaries between investors and borrowers, providing credit and capital for investors, institutional investors, and corporations, and profiting from fees and/or from the arbitrage in interest rates. Because shadow banking institutions don’t receive traditional deposits like a depository bank, they have escaped most regulatory limits and laws imposed on the traditional banking system. Members are able to operate without being subject to regulatory oversight for unregulated activities. An example of an unregulated activity is a credit default swap (CDS)."

These institutions are extremely dangerous because they are highly leveraged and they are behaving very recklessly.





They played a major role during the financial crisis of 2008, and even the New York Fed admits that shadow banking has “increased the fragility of the entire financial system";

"The current financial crisis has highlighted the growing importance of the “shadow banking system,” which grew out of the securitization of assets and the integration of banking with capital market developments. This trend has been most pronounced in the United States, but it has had a profound influence on the global financial system. In a market-based financial system, banking and capital market developments are inseparable: Funding conditions are closely tied to fluctuations in the leverage of market-based financial intermediaries. Growth in the balance sheets of these intermediaries provides a sense of the availability of credit, while contractions of their balance sheets have tended to precede the onset of financial crises. Securitization was intended as a way to transfer credit risk to those better able to absorb losses, but instead it increased the fragility of the entire financial system by allowing banks and other intermediaries to “leverage up” by buying one another’s securities".

Over the past decade, shadow banking has become a truly worldwide phenomenon, and thus it is a major threat to the entire global financial system.



In China, shadow banking has been growing by leaps and bounds, but this has the authorities deeply concerned. In fact, according to Bloomberg one top Chinese regulator has referred to shadow banking as a “Ponzi scheme";

"Their growth had caused the man who is now China’s top securities regulator to label the off-balance-sheet products a “Ponzi scheme,” because banks have to sell more each month to pay off those that are maturing."

And what happens to all Ponzi schemes eventually?

In the end, they always collapse.

And when this 75 trillion dollar Ponzi scheme collapses, the global devastation that it will cause will be absolutely unprecedented.

Bond expert Bill Gross, who is intimately familiar with the shadow banking system, has just come out with a major warning about the lack of liquidity in the shadow banking system;

"Mutual funds, hedge funds, and ETFs, are part of the “shadow banking system” where these modern “banks” are not required to maintain reserves or even emergency levels of cash. Since they in effect now are the market, a rush for liquidity on the part of the investing public, whether they be individuals in 401Ks or institutional pension funds and insurance companies, would find the “market” selling to itself with the Federal Reserve severely limited in its ability to provide assistance."

As far as shadow banking is concerned, everything is just fine as long as markets just keep going up and up and up.



Bill Gross

But once they start falling, the whole system can start falling apart very rapidly. Here is more from Bill Gross on what might cause a “run on the shadow banks” in the near future;

Long used to the inevitability of capital gains, investors and markets have not been tested during a stretch of time when prices go down and policymakers’ hands are tied to perform their historical function of buyer of last resort. It’s then that liquidity will be tested. And what might precipitate such a “run on the shadow banks”? 1) A central bank mistake leading to lower bond prices and a stronger dollar. 2) Greece, and if so, the inevitable aftermath of default/restructuring leading to additional concerns for Eurozone peripherals. 3) China – “a riddle wrapped in a mystery, inside an enigma." It is the “mystery meat” of economic sandwiches – you never know what’s in there. Credit has expanded more rapidly in recent years than any major economy in history, a sure warning sign. 4) Emerging market crisis – dollar denominated debt/overinvestment/commodity orientation – take your pick of potential culprits. 5) Geopolitical risks – too numerous to mention and too sensitive to print. 6) A butterfly’s wing – chaos theory suggests that a small change in “non-linear systems” could result in large changes elsewhere. Call this kooky, but in a levered financial system, small changes can upset the status quo. Keep that butterfly net handy. Should that moment occur, a cold rather than a hot shower may be an investor’s reward and the view will be something less than “gorgeous." So what to do? Hold an appropriate amount of cash so that panic selling for you is off the table.

In order to avoid a shadow banking crisis, what we need is for global financial markets to stabilize and to resume their upward trends.

If stocks and bonds start crashing, which is precisely what I have projected will happen during the last half of 2015, the shadow banking system is going to come under an extreme amount of stress. If the coming global financial crisis is even half as bad as I believe it is going to be, there is no way that the shadow banking system is going to hold up.

So let’s hope that the financial devastation that we have seen so far this week is not a preview of things to come. The global financial system has been transformed into a delicately balanced pyramid of glass that is not designed to handle turbulent times.

We should have never allowed the shadow banks to run wild like this, but we did, and now in just a short while we are going to get to witness a financial implosion unlike anything the world has ever seen before.

Last Thursday, 29-year old Thomas Hughes allegedly took his life by jumping from a luxury apartment building at 1 West Street in Manhattan. According to Hughes’ resume at the Financial Industry Regulatory Authority (FINRA), he had previously interned at JPMorgan Chase, as well as held jobs at Citigroup and UBS after graduation from Northwestern University.



Hughes was employed at investment bank, Moelis & Company LLC, at the time of his death. JPMorgan Chase, Citigroup and UBS pleaded guilty to criminal felony charges for conspiring to rig markets the week prior to Hughes’ alleged leap from the building.

The fact that JPMorgan Chase holds an estimated $179 billion in life insurance on its workers, and in some cases, prior workers, whose death benefit pays to the bank not the family of the employee, has raised concerns of more than just trading conspiracies at JPMorgan Chase.

Now, according to Sarah Butcher at EFinancialCareers, at least two executives at JPMorgan have forbidden their technology workers from explaining exactly what they do at the bank on their LinkedIn profiles. One tech worker imagines that it’s a plot to restrict their ability to market their skills to prospective competitors as JPMorgan moves tech workers from the glitter of London to cheaper corporate digs in Bournemouth, England or Glasgow, Scotland. Says one worker, according to Butcher,

“We’ve been joking that the plan is to make us technologists invisible in the market and then forcing us to move to Bournemouth or Glasgow.”

JPMorgan Chase could have other reasons for restricting information as to just what its tech workers are up to. There are ongoing lawsuits and investigations across Wall Street into the use of computerised trading to rig markets.

In his annual shareholders’ letter in 2014, Jamie Dimon, CEO of JPMorgan Chase, said the firm had;

“Nearly 30,000 programmers, application developers and information technology employees who keep our 7,200 applications, 32 data centers, 58,000 servers, 300,000 desk-tops and global network operating smoothly for all our clients.”

According to Anish Bhimani, Chief Information Risk Officer at JPMorgan Chase, in an interview published at the Information Networking Institute (INI) at Carnegie Mellon, JPMorgan has;

“More software developers than Google, and more technologists than Microsoft… we get to build things at scale that have never been done before.”

One thing that JPMorgan has never before done in its 200-year history is to plead guilty to a criminal felony.

That occurred on May 20 while the bank was still under a two-year probation and a deferred prosecution agreement for two felony counts in aiding and abetting the Bernie Madoff Ponzi scheme. It’s certainly a bank worth keeping an eye on – from many levels.

Following are the names of individuals who, at the time of their death or previously, were employed by JPMorgan Chase and experienced unusual deaths since December 2013. With the exception of the Knotts, all of the individuals were under 40 at their time of death – a striking statistic.

The following list is re-published with respect to those whom have passed on under such unfortunate circumstances; and may they rest in peace.

Joseph M. Ambrosio, age 34, of Sayreville, New Jersey, passed away on December 7, 2013 at Raritan Bay Medical Center, Perth Amboy, New Jersey. He was employed as a Financial Analyst for J.P. Morgan Chase in Menlo Park. On March 18, 2014, Wall Street On Parade learned from an immediate member of the family that Joseph M. Ambrosio died suddenly from Acute Respiratory Syndrome.

Jason Alan Salais, 34 years old, died December 15, 2013 outside a Walgreens in Pearland, Texas. A family member confirmed that the cause of death was a heart attack. According to the LinkedIn profile for Salais, he was engaged in Client Technology Service “L3 Operate Support” and previously “FXO Operate L2 Support” at JPMorgan. Prior to joining JPMorgan in 2008, Salais had worked as a Client Software Technician at SunGard and a UNIX Systems Analyst at Logix Communications.

Gabriel Magee, 39,died on the evening of January 27, 2014 or the morning of January 28, 2014. Magee was discovered at approximately 8:02 a.m. lying on a 9th level rooftop at the Canary Wharf European headquarters of JPMorgan Chase at 25 Bank Street, London. Hisspecific area of specialty at JPMorgan was “Technical architecture oversight for planning, development, and operation of systems for fixed income securities and interest rate derivatives.” A coroner’s inquest in London, which relied heavily on information provided by JPMorgan Chase, determined the cause of death to be suicide.

Ryan Crane, age 37, died February 3, 2014, at his home in Stamford, Connecticut. The Chief Medical Examiner’s eventually ruled that the cause of death was ethanol toxicity/accident. Crane was an Executive Director involved in trading at JPMorgan’s New York office. Crane’s death on February 3 was not reported by any major media until February 13, ten days later, when Bloomberg News ran a brief story.

Dennis Li (Junjie), 33 years old, died February 18, 2014 as a result of a purported fall from the 30-story Chater House office building in Hong Kong where JPMorgan occupied the upper floors. Li is reported to have been an accounting major who worked in the finance department of the bank.

Kenneth Bellando, age 28, was found outside his East Side Manhattan apartment building on March 12, 2014.  The building from which Bellando allegedly jumped was only six stories – by no means ensuring that death would result. The young Bellando had previously worked for JPMorgan Chase as an analyst and was the brother of JPMorgan employee John Bellando, who was referenced in the Senate Permanent Subcommittee on Investigations’ report on how JPMorgan had hid losses and lied to regulators in the London Whale derivatives trading debacle that resulted in losses of at least $6.2 billion.

Andrew Jarzyk, age 27, went missing in the early hours of March 30, 2014 after leaving friends at a supper club in Hoboken, New Jersey. His body was recovered from the Hudson River in Hoboken on April 28, 2014. According to police, there were no signs of trauma to the body. Jarzyk was employed at PNC Financial at the time of his disappearance. He had worked previously as a technology intern at JPMorgan.

The bodies of Julian Knott and his wife, Alita, ages 45 and 47, respectively, were discovered by police on July 6, 2014 at approximately 1:12 a.m. in their home in the Lake Hopatcong section of Jefferson Township. After a two-day investigation, police announced that they believed Julian Knott shot his wife repeatedly and then took his own life with the same gun. Knott had worked on JPMorgan computer networks in London since 2001, initially as a subcontractor for Computer Science Corporation and, later, IBM.

Knott formally joined JPMorgan Chase at its London operations in January 2006 and remained there until 2010 when he transferred to JPMorgan’s large complex in Columbus, Ohio and rose to the rank of Technical Director of Global Tier 3 Network Operations. Knott was transferred again in 2012 and began work in JPMorgan’s high tech Global Network Operations Center in Whippany, New Jersey. Six months before his death he was promoted to Executive Director.

Michael A. Tabacchi, 27 years old, and his wife, Iran Pars Tabacchi (who also went by the name Denise) were discovered dead on Friday evening, February 7, 2015 in their home in Closter, New Jersey. Their infant son was in the home and unharmed. A text message from the home had been sent to the father of Michael Tabacchi asking him to come to the home, according to media reports.

The father found the couple. On the very evening the bodies were discovered, before any autopsy had been performed, Bergen County, New Jersey Prosecutor John Molinelli characterized the deaths in a tweet as a “probable murder suicide.” Michael Tabacchi’s LinkedIn profile lists him previously as an Operations Analyst at JPMorgan with the current JPMorgan title of Associate.

Thomas J. Hughes, age 29, was found dead on May 28, 2015 outside his residence at 1 West St., Manhattan. A spokeswoman for the NYPD said his injuries were “consistent with a fall from an elevated location.” Hughes’ death came the week after JPMorgan Chase, Citi, and UBS each pleaded guilty to criminal felony charges of engaging in a conspiracy to rig markets. Hughes had worked for all three firms previously. He was currently employed at the investment bank, Moelis & Company LLC.

[For a start, the headline is misleading. He wasn't claiming to be a fictional entity rather that the so called 'State' has created one and assigned it to him which is perfectly true].

Related: The Birth Certificate Odyssey

A man who fell off a moped and said his identity was a fiction created by the State has been rebuked for trying to be "funny" in an unusual court judgement.

Malcolm France fell off his moped in Auckland and refused to give his name and address to police, who later found out he had no licence and was banned from driving.

Following a lengthy court battle, in which he appeared in court claiming to be someone else who was acting on his behalf, France was rebuked by judges who were unimpressed by his "frivolous behaviour", and described it as a "mischievous attempt to avoid or overturn a conviction", in a Court of Appeal decision released today.

France said he was angry about the decision and planned to appeal it again. He said he was quite serious about the argument he had put forward in court.

"I'm quite angry to be honest. It proves my point that when people want to oppose what the state is doing ... the state will use all its force and might to protect itself."

France said the decision was not about justice because he claimed he had no legal responsibility to hold a driver's licence, because he rejected any authority the state of New Zealand held over him.

"I no longer accept the Government as lawful and valid."

This issue was a symbolic stand against his larger crusade against the state, Mr France said.

"This is a starting point of opposing the Government because the Government is actually being malicious and trying to harm me," he said.

He said he had no intention to pay the fines.

"I'm going to find out my next avenue [to appeal], probably the Supreme Court."

France famously attacked Act Party candidate John Boscawen with a lamington in 2009, squashing the delicacy on the politician's head during a speech.

After the cake attack, some activists referred to him as Lamington Steele. Following the moped incident, France was charged with driving while forbidden and failing to provide information. He was convicted, fined and ordered to pay court costs in October 2013.

The Court of Appeal said France had filed an affidavit, apparently claiming he was Malcolm Freeman, possessing "a right of attorney, someone to represent Mr France".

According to the Court of Appeal, France began interrupting the district court and forced an adjournment as the Justices of the Peace and a security officer sought to establish his identity.

It's understood France supported the Freeman-on-the-Land movement. Such a 'Freeman' can be someone in a common law jurisdiction who refused to give consent to be governed and said no statutory obligations applied to them, according to one Freeman's website.

France was declined a re-hearing in the District Court and filed a notice of appeal in the High Court.

"Mr France appeared in support of both appeals, but claiming he was Malcolm-Daniel, the man acting for Mr France," the Court of Appeal said. "He contended Mr France was a fictional entity, created by the state. He claimed Mr France was neither driving nor travelling on the moped (he called it the 'travelling apparatus') involved in the incident on 29 June 2013."

Justice Brendan Brown dismissed France's first appeal.

"He was unable to detect, in the nonsensical argument Mr France had put to him on appeal, any question of law of sufficient general or public importance to warrant a second appeal," the Court of Appeal said.

France then went to the Court of Appeal, but that court said there were procedural errors in France's application , which was filed seven months' late.

The Court of Appeal said France offered an incomprehensible explanation for the delay. It said France appeared to be drawing a distinction between himself and the affiant (affidavit-maker) who was referred to as "Malcolm Daniel AR".

"...This matter was appealed not by Mr France but by the Affiant, - the living man - in the form of leave of court/writ of error to be taken to a common law court," France told the Court of Appeal.

The Court of Appeal judges were unimpressed.

"The courts are vexed by the occasional person who pretends not to be who he - or she - is. Some of these people may have a genuine identity crisis, but more usually they are engaged in a mischievous attempt to avoid or overturn a conviction. These people may think they are funny or clever, but they are not," the court said in a newly-released judgement. "Courts are busy and serious places, and judges are busy people. This sort of frivolous behaviour is not wanted in courts."

France could not immediately be reached for comment.

Ian Spreadbury, who invests more than £4bn of investors’ money across a handful of bond funds for Fidelity, including the flagship Moneybuilder Income fund, is concerned that a “systemic event” could rock markets, possibly similar in magnitude to the financial crisis of 2008, which began in Britain with a run on Northern Rock.

His concern is that global debt – particularly mortgage debt – has been pumped up to record levels, made possible by exceptionally low interest rates that could soon end, and he is unsure how well banks could cope with the shocks that may await.

He pointed out that a saver was covered only up to £85,000 per bank under the Financial Services Compensation Scheme – which is effectively unfunded – and that the Government has said it will not rescue banks in future, hence his suggestion that some money should be held in physical cash.

He declined to predict the exact trigger but said it was more likely to happen in the next five years rather than 10. The current woes of Greece, which may crash out of the euro, already has many market watchers concerned.

Mr Spreadbury's views are timely, aside from Greece. A growing number of professional investors (see comment, right) and commentators are expressing unease about what happens next. The prices of nearly all assets – property, shares, bonds – have been rising for years. House prices have risen by 26pc since the start of 2009, and by 68pc in London. The FTSE 100 is up by 75pc.

Although it feels counter-intuitive, this trend of rising prices should continue if economies remain weak, because it gives central banks licence to keep rates low and to carry on with their “quantitative easing” programmes.

Conversely, if the economy does pick up and interest rates need to rise, the act of doing so is likely to stall the economy and force them to be reduced again. Once more, demand for those mainstream assets would be rekindled and the asset boom continues.

But then there is the shock event. Daily Telegraph columnist Jeremy Warner also captured some of the concerns this week when he wrote that the trigger for an “inevitable correction” could come from “a clear blue sky – a completely unanticipated event”.

How are fund managers preparing for this gloomy possibility?

Mr Spreadbury sticks to bonds because of the remit of his funds. Within that world, he said a shock to the system would cause a flight to safety and the price of British government bonds, or gilts, would rise sharply. He also holds bonds of companies that would be most protected in times of turmoil – water companies, power network operators – and those where the bonds are secured on a solid asset, such as land or buildings.

Examples include Center Parcs and Intu, which owns shopping centres.

Marcus Brookes, another well regarded fund manager who looks after billions of pounds worth of investments, is less constrained in where he invests, because of the different remit of his funds. Schroder Multi-Manager Diversity, for example, can pick and choose between assets.

Mr Brookes said the probability of a major shock event was small but even he holds 29pc of the Diversity portfolio in cash, a huge proportion compared with most funds. This decision is due to his concern that bonds are overvalued and may fall. He aims to deliver returns of 4pc above inflation so can’t afford to put too much in assets that he believes will lose money.

“The problem is that people are struggling to work out how to diversify if QE programmes stop,” he said. Mr Spreadbury added: “We have rock-bottom rates and QE is still going on – this is all experimental policy and means we are in uncharted territory." “The message is diversification. Think about holding other assets. That could mean precious metals, it could mean physical currencies.”

The Really, Really Good Friends of Services

TiSA is arguably the most important – yet least well-known – of the new generation of global trade agreements. According to WikiLeaks, it “is the largest component of the United States’ strategic ‘trade’ treaty triumvirate,” which also includes the Trans Pacific Partnership (TPP) and the TransAtlantic Trade and Investment Pact (TTIP).

“Together, the three treaties form not only a new legal order shaped for transnational corporations, but a new economic ‘grand enclosure,’ which excludes China and all other BRICS countries” declared WikiLeaks publisher Julian Assange in a press statement.

If allowed to take universal effect, this new enclosure system will impose on all our governments a rigid framework of international corporate law designed to exclusively protect the interests of corporations, relieving them of financial risk, and social and environmental responsibility.

Thanks to an innocuous-sounding provision called the Investor-State Dispute Settlement, every investment they make will effectively be backstopped by our governments (and by extension, you and me); it will be too-big-to-fail writ on an unimaginable scale.

Yet it is a system that is almost universally supported by our political leaders. In the case of TiSA, it involves more countries than TTIP and TPP combined: The United States and all 28 members of the European Union, Australia, Canada, Chile, Colombia, Costa Rica, Hong Kong, Iceland, Israel, Japan, Liechtenstein, Mexico, New Zealand, Norway, Pakistan, Panama, Paraguay, Peru, South Korea, Switzerland, Taiwan and Turkey.

Together, these 52 nations form the charmingly named “Really Good Friends of Services” group, which represents almost 70% of all trade in services worldwide.

As WOLF STREET previously reported, one explicit goal of the TiSA negotiations is to overcome the exceptions in GATS that protect certain non-tariff trade barriers such as data protection. For example, the draft Financial Services Annex of TiSA, published by Wikileaks in June 2014, would allow financial institutions, such as banks, to transfer data freely, including personal data, from one country to another – in direct contravention of EU data protection laws.

But that is just the tip of the iceberg. According to the treaty’s Annex on Financial Services, we now know that TiSA would effectively strip signatory governments of all remaining ability to regulate the financial industry in the interest of depositors, small-time investors, or the public at large.

1. TiSA will restrict the ability of governments to limit systemic financial risks.

TiSA’s sweeping market access rules conflict with commonsense financial regulations that apply equally to foreign and domestic firms.



One of those rules means that any governments that seeks to place limits on the trading of derivative contracts - the largely unregulated weapons of mass financial destruction that helped trigger the 2007-08 Global Financial Crisis - could be dragged in front of corporate arbitration panels and forced to pay millions or billions in damages.

2.TiSA will force governments to “predict” all regulations that could at some point fall foul of TiSA.

The leaked TISA text even prohibits policies that are “formally identical” for domestic and foreign firms if they inadvertently “modif[y] the conditions of competition” in favor of domestic firms:

For example, many governments require all banks to maintain a minimum amount of capital to guard against bank collapse.



Even if the same minimum is required of domestic and foreign-owned banks alike, it could be construed as disproportionately impacting foreign-owned banks… This common financial protection could thus be challenged under TISA for “modifying the conditions of competition” in favor of domestic banks, despite governments’ prerogative to ensure the stability of foreign-owned banks operating in their territory.

3. TiSA will indefinitely bar new financial regulations that do not conform to deregulatory rules.

Signatory governments will essentially agree not to apply new financial policy measures which in any way contradict the agreement’s emphasis on deregulatory measures.

4. TiSA will prohibit national governments from using capital controls to prevent or mitigate financial crises.

As we are seeing in Greece right now, capital controls are terrible. But for a government facing the complete breakdown of the financial system, they serve as a last resort for restoring some semblance of order.

Even the IMF, which urged countries to abandon capital controls in the Washington Consensus years of the 1990s, recently endorsed capital controls as a means of maintaining the stability of the financial system. But if TiSA is signed, the signatory governments will be prohibited from using them:

The leaked texts prohibit restrictions on financial inflows – used to prevent rapid currency appreciation, asset bubbles and other macroeconomic problems – and financial outflows, used to prevent sudden capital flight in times of crisis.


5. TiSA will require acceptance of financial product not yet in invented.

Despite the pivotal role that new, complex financial products played in the Financial Crisis, TISA would require governments to allow all new financial products and services, including ones not yet invented, to be sold within their territories.

6. TiSA will provide opportunities for financial firms to delay financial regulations.

If signed, TISA will require governments to address financial firms’ criticism of a regulatory proposal when publishing a final version of the regulation. Even then, governments would be obliged to wait a “reasonable time” before allowing the new regulation to take effect.

In the United States, such requirements have produced delays sometimes lasting years in the enactment of urgently needed financial and other safeguards. If the same process is applied across the globe, it would make it almost impossible for government to constrain the activities of the world’s largest banks.

What that would likely mean is that when (not if) a new global financial crisis takes place in the not-too-distant future, the banks will once again be on hand to lead efforts to clean up and rebuild with taxpayer money the very sector that they themselves have destroyed. Lather, rinse, repeat. Only this time, on an even grander scale. By Don Quijones, Raging Bull-Shit.

Global banking behemoth HSBC is not having a good 2015. Now, is it just in dire financial straits? Read…  Does HSBC Know Something Other Banks Don’t?

Taxes are no longer necessary. This video exposes a deliberate and massive swindle that is perpetrated by every government agency from your local school district all the way up to the State / Federal / National governments.

Unmasking The CAFR Scam In Your Country / City / Town / Council

In a world where council rates and infrastructure costs are conitinually on the increase, in most places the CAFR (Comprehensive Annual Financial Report) Accounting system is used, which hides wealth and provides the 'powers that be' with more reason to financially rape and pillage the people.

While much of the content below pertains to the US, the principles in play with CAFR Accounting are used in most countries.


Examples include:

New Zealand Treasury Annual Report

Australia Treasury Annual Report

Melbourne City Annual Report

Australia Government - Department of Finance and De-regulation

Australia Future Funds ($100 billion) and “Nation Building Fund”

Government of Canada (Annual Financial Report)

Montreal, Canada (Annual Financial Report)

Ireland National Pension Reserve Fund scheme

Belfast City Council Annual Financial Report

The British Monarchy

City of London Police Department

Welsh Government

Japan Finance Corporation

What Are CAFRs?

First, what is a CAFR? A CAFR (Comprehensive Annual Financial Report) is government's complete accounting of "Net Worth".

It has been reported that trillions of collective dollars not shown in government Budget reports are shown through Government CAFR reports and they are virtually never openly-discussed by the syndicated NEWS media, both the Democratic and Republican Party members, the House, Senate, and organized public education.

With, and being that the CAFR is "the" accounting document for every local government, and with it being effectively "BLACKED OUT" for open mention over the last 60 years, that this fact of intentional omission of coverage is the biggest conspiracy that has ever taken effect in the United States. Read more at: Rense

As more and more cities, counties, districts, and states across America falsely declare their near - insolubility, bankruptcy warnings, fiscal deficits, and budgetary quandaries, I am left with the sinking feeling that “the people” just can’t wrap their heads around how to point out these misleading and downright fallacious claims made by their councils, mayors, and professional con-men in places of public trust.

So today I want to share with you a simple way to factually stand before your local or state political “leaders” and give indisputable proof that, when stating the “facts” about their own budget shortfalls, limited choices, and necessary raising of your hard-earned monies as taxation (revenue) to “balance the budget”, your own little criminal syndicate of elected mayors and council men and women are lying bold-faced to the entire citizenry through the act of subterfuge and omission.

This little factoid is uniform throughout the entirety of the financial structure of government, as reported in the audited Comprehensive Annual Financial Report and required by Federal and State laws. It is always reported in the same fashion and under the same heading as all other governments (municipal corporations).

The figures are not disputable. The truth is unshakable. And yet the doublespeak will never end… For even as you present this one simple line item to the scoundrels themselves behind their raised and protective pedestals, they will still attempt to deny what is undeniable, be it in ignorance or in deceit; usually a mix of both.

Read the full story at: RealityBlogger




Update: How The New Zealand [And Other Western Countries] Government Hides Billions (Trillions) In Slush Funds
October 9 2014 | From Narkive


C.A.F.R. (Comprehensive Annual Financial Report) Hidden / Stolen 'Cream' - Trillions In Surplus


Globally, The Biggest Financial Scandal In History / Annals Of Mankind

Playing in the derivitives market John Key was selected to become NZ PM / US Federal Reserve Bank / Israeli operative

Billions (Trillions) in profitable investments

Convincing you that the government is financially in trouble when the government has trillions of dollars in slush funds

Budget reports: Only need to show what is necessary to meet obligations

Transactions for local governments are missing

Total investment revenue is missing

Total income figures are missing

Total worth is missing

Surplus cream ($) is not mentioned [exposure of manufactured debt = loss of control]

United Nations (1946) created CAFR to take over and steal wealth

Only shows shortfall of budgetary revenue versus annual operating costs for the year, never shows 'cream'

45% of revenues invested internationally best rate of return

Free trade agreements (NAFTA / GATT / TPPA) ultimate purpose: Governments investing in foreign corporations extending their profits with slaves in China

Government agencies are lying to you when they say there is a need for taxation to pay for services already provided for

The New Zealand people NEVER profit from the investments - massive hidden surpluses

United States Statistics

Local and federal US Government owns approximately 70% of stock market listed companies

70% of Dow Jones (30) owned by composite government funds

Prison industry (Correctional Corporation of America) is the #1 industry in America. New Zealand Prime Minister John Key moves towards that end in New Zealand

US Federal $30 Trillion cream at top not reported


Total non-signatory to the 1740 Waitangi Treaty (with amusing numerous versions), this Tainui Kiingitanga warrior demands from the New Zealand government [the following]:

1. What Is The Total Cash Gross Receipts Income ?

2. What Are The Total Investments ?

3. What Is The Net Worth ?

4. What Is The Investment Growth ? 5, 10, 25 Years In The Future ?

5. What Are The Liquid Assets ? (Billions / Trillions)

We Know Know That The Constant Cries For More Taxation Are Entirely Bogus:

New Zealand CAFR (Comprehensive Annual Financial Report) where literally hundreds of Billions of dollars are hidden or not listed / discussed by the same banker controlled media.

Not Readily Listed:

Taxation and selling of government assets is the massive conspiracy, when the hidden surplus of Trillions of dollars
is not discussed by the bankers and government controlled media.

Michael Nevradakis: In your book, you write about how you were, for many years, a so-called "economic hit man." Who are these economic hit men, and what do they do?

John Perkins: Essentially, my job was to identify countries that had resources that our corporations want, and that could be things like oil - or it could be markets - it could be transportation systems. There're so many different things.



Once we identified these countries, we arranged huge loans to them, but the money would never actually go to the countries; instead it would go to our own corporations to build infrastructure projects in those countries, things like power plants and highways that benefitted a few wealthy people as well as our own corporations, but not the majority of people who couldn't afford to buy into these things, and yet they were left holding a huge debt, very much like what Greece has today, a phenomenal debt.

“[Indebted countries] become servants to what I call the corporatocracy ... today we have a global empire, and it's not an American empire. It's not a national empire ... It's a corporate empire, and the big corporations rule."

"In the case of Greece, my reaction was that 'Greece is being hit.' There's no question about it."

For example, where we can show economic growth, growth in the GDP, but at the same time unemployment may be going up or staying level, and foreclosures on houses may be going up or staying stable. These numbers tend to reflect the very wealthy, since they have a huge percentage of the economy, statistically speaking.

Nevertheless, we would show that when you invest in these infrastructure projects, your economy does grow, and yet, we would even show it growing much faster than it ever conceivably would, and that was only used to justify these horrendous, incredibly debilitating loans.

Is there a common theme with respect to the countries typically targeted? Are they, for instance, rich in resources or do they typically possess some other strategic importance to the powers that be?

Yes, all of those. Resources can take many different forms: One is the material resources like minerals or oil; another resource is strategic location; another resource is a big marketplace or cheap labor. So, different countries make different requirements. I think what we're seeing in Europe today isn't any different, and that includes Greece. What happens once these countries that are targeted are indebted? How do these major powers, these economic hit men, these international organizations come back and get their "pound of flesh," if you will, from the countries that are heavily in debt? By insisting that the countries adopt policies that will sell their publicly owned utility companies, water and sewage systems, maybe schools, transportation systems, even jails, to the big corporations. Privatize, privatize. Allow us to build military bases on their soil. Many things can be done, but basically, they become servants to what I call the corporatocracy. You have to remember that today we have a global empire, and it's not an American empire. It's not a national empire. It doesn't help the American people very much. It's a corporate empire, and the big corporations rule. They control the politics of the United States, and to a large degree they control a great deal of the policies of countries like China, around the world.

I've been following Greece for a long time. I was on Greek television. A Greek film company did a documentary called "Apology of an Economic Hit Man," and I also spent a lot of time in Iceland and in Ireland.

I was invited to Iceland to help encourage the people there to vote on a referendum not to repay their debts, and I did that and encouraged them not to, and they did vote no, and as a result, Iceland is doing quite well now economically compared to the rest of Europe. Ireland, on the other hand: I tried to do the same thing there, but the Irish people apparently voted against the referendum, though there's been many reports that there was a lot of corruption.

"That's part of the game: convince people that they're wrong, that they're inferior. The corporatocracy is incredibly good at that."

In the case of Greece, my reaction was that "Greece is being hit." There's no question about it. Sure, Greece made mistakes, your leaders made some mistakes, but the people didn't really make the mistakes, and now the people are being asked to pay for the mistakes made by their leaders, often in cahoots with the big banks.

So, people make tremendous amounts of money off of these so-called "mistakes," and now, the people who didn't make the mistakes are being asked to pay the price. That's consistent around the world: We've seen it in Latin America. We've seen it in Asia. We've seen it in so many places around the world.

This leads directly to the next question I had: From my observation, at least in Greece, the crisis has been accompanied by an increase in self-blame or self-loathing; there's this sentiment in Greece that many people have that the country failed, that the people failed . . . there's hardly even protest in Greece anymore, and of course there's a huge "brain drain" - there's a lot of people that are leaving the country. Does this all seem familiar to you when comparing to other countries in which you've had personal experience?

Sure, that's part of the game: Convince people that they're wrong, that they're inferior. The corporatocracy is incredibly good at that, whether it is back during the Vietnam War, convincing the world that the North Vietnamese were evil; today it's the Muslims.

It's a [deliberately devisive] policy of them versus us:



We are good. We are right. We do everything right. You're wrong. And they play us like fools against one another.

And in this case, all of this energy has been directed at the Greek people to say "you're lazy; you didn't do the right thing; you didn't follow the right policies," when in actuality, an awful lot of the blame needs to be laid on the financial community that encouraged Greece to go down this route.

And I would say that we have something very similar going on in the United States, where people here are being led to believe that because their house is being foreclosed that they were stupid, that they bought the wrong houses; they overspent themselves.

"We know that austerity does not work in these situations."

The fact of the matter is their bankers told them to do this, and around the world, we've come to trust bankers - or we used to. In the United States, we never believed that a banker would tell us to buy a $500,000 house if in fact we could really only afford a $300,000 house.

We thought it was in the bank's interest not to foreclose. But that changed a few years ago, and bankers told people who they knew could only afford a $300,000 house to buy a $500,000 house.

"Tighten your belt, in a few years that house will be worth a million dollars; you'll make a lot of money" . . . in fact, the value of the house went down; the market dropped out; the banks foreclosed on these houses, repackaged them, and sold them again.

Double whammy. The people were told, "you were stupid; you were greedy; why did you buy such an expensive house?"

But in actuality, the bankers told them to do this, and we've grown up to believe that we can trust our bankers. Something very similar on a larger scale happened in so many countries around the world, including Greece.

In Greece, the traditional major political parties are, of course, overwhelmingly in favor of the harsh austerity measures that have been imposed, but also we see that the major business and media interests are also overwhelmingly in support. Does this surprise you in the slightest?

No, it doesn't surprise me and yet it's ridiculous because austerity does not work. We've proven that time and time again, and perhaps the greatest proof was the opposite, in the United States during the Great Depression, when President Roosevelt initiated all these policies to put people back to work, to pump money into the economy. That's what works. We know that austerity does not work in these situations.

"What I didn't realize during any of this period was how much corporatocracy does not want a united Europe."

We also have to understand that, in the United States for example, over the past 40 years, the middle class has been on the decline on a real dollar basis, while the economy has been increasing. In fact, that's pretty much happened around the world [and by design].

Globally, the middle class has been in decline. Big business needs to recognize - it hasn't yet, but it needs to recognize - that that serves nobody's long-term interest, that the middle class is the market. And if the middle class continues to be in decline, whether it's in Greece or the United States or globally, ultimately businesses will pay the price; they won't have customers [which is great if your intention is to crash the system].

Henry Ford once said: "I want to pay all my workers enough money so they can go out and buy Ford cars." That's a very good policy. That's wise. This austerity program moves in the opposite direction and it's a foolish policy.

In your book, which was written in 2004, you expressed hope that the euro would serve as a counterweight to American global hegemony, to the hegemony of the US dollar. Did you ever expect that we would see in the European Union what we are seeing today, with austerity that is not just in Greece but also in Spain, Portugal, Ireland, Italy, and also several other countries as well?

What I didn't realize during any of this period was how much corporatocracy does not want a united Europe. We need to understand this. They may be happy enough with the euro, with one currency - they are happy to a certain degree by having it united enough that markets are open - but they do not want standardized rules and regulations.

Let's face it, big corporations, the corporatocracy, take advantage of the fact that some countries in Europe have much more lenient tax laws, some have much more lenient environmental and social laws, and they can pit them against each other.

"[Rafael Correa] ... has to be aware that if you stand up too strongly against the system, if the economic hit men are not happy, if they don't get their way, then the jackals will come in and assassinate you or overthrow you in a coup."

What would it be like for big corporations if they didn't have their tax havens in places like Malta or other places? I think we need to recognize that what the corporatocracy saw at first, the solid euro, a European union seemed like a very good thing, but as it moved forward, they could see that what was going to happen was that social and environmental laws and regulations were going to be standardized.

They didn't want that, so to a certain degree what's been going on in Europe has been because the corporatocracy wants Europe to fail, at least on a certain level.

You wrote about the examples of Ecuador and other countries, which after the collapse of oil prices in the late '80s found themselves with huge debts and this, of course, led to massive austerity measures . . . sounds all very similar to what we are now seeing in Greece. How did the people of Ecuador and other countries that found themselves in similar situations eventually resist?

Ecuador elected a pretty remarkable president, Rafael Correa, who has a PhD in economics from a United States university.

He understands the system, and he understood that Ecuador took on these debts back when I was an economic hit man and the country was ruled by a military junta that was under the control of the CIA and the US.



That junta took on these huge debts, put Ecuador in deep debt; the people didn't agree to that. When Rafael Correa was democratically elected, he immediately said;

"We're not paying these debts; the people did not take on these debts; maybe the IMF should pay the debts and maybe the junta, which of course was long gone - moved to Miami or someplace - should pay the debts, maybe John Perkins and the other economic hit men should pay the debts, but the people shouldn't."

And since then, he's been renegotiating and bringing the debts way down and saying, "We might be willing to pay some of them."

That was a very smart move; it reflected similar things that had been done at different times in places like Brazil and Argentina, and more recently, following that model, Iceland, with great success.

I have to say that Correa has had some real setbacks since then . . . he, like so many presidents, has to be aware that if you stand up too strongly against the system, if the economic hit men are not happy, if they don't get their way, then the jackals will come in and assassinate you or overthrow you in a coup.

There was an attempted coup against him; there was a successful coup in a country not too far away from him, Honduras, because these presidents stood up.

We have to realize that these presidents are in very, very vulnerable positions, and ultimately we the people have to stand up, because leaders can only do a certain amount. Today, in many places, leaders are not just vulnerable; it doesn't take a bullet to bring down a leader anymore.



A scandal - a sex scandal, a drug scandal - can bring down a leader. We saw that happen to Bill Clinton, to Strauss-Kahn of the IMF; we've seen it happen a number of times. These leaders are very aware that they are in very vulnerable positions:

If they stand up or go against the status quo too strongly, they're going to be taken out, one way or another.

They're aware of that, and it behooves we the people to really stand up for our own rights.

You mentioned the recent example of Iceland . . . other than the referendum that was held, what other measures did the country adopt to get out of this spiral of austerity and to return to growth and to a much more positive outlook for the country?

It's been investing money in programs that put people back to work and it's also been putting on trial some of the bankers that caused the problems, which has been a big uplift in terms of morale for the people.

So Iceland has launched some programs that say;

"No, we're not going to go into austerity; we're not going to pay back these loans; we're going to put the money into putting people back to work," - and ultimately that's what drives an economy, people working.

If you've got high unemployment, like you do in Greece today, extremely high unemployment, the country's always going to be in trouble. You've got to bring down that unemployment, you've got to hire people.

It's so important to put people back to work. Your unemployment is about 28 percent; it's staggering, and disposable income has dropped 40 percent and it's going to continue to drop if you have high unemployment.

So, the important thing for an economy is to get the employment up and get disposable income back up, so that people will invest in their country and in goods and services.

In closing, what message would you like to share with the people of Greece, as they continue to experience and to live through the very harsh results of the austerity policies that have been implemented in the country for the past three years?

I want to draw upon Greece's history. You're a proud, strong country, a country of warriors. The mythology of the warrior to some degree comes out of Greece, and so does democracy! And to realize that the marketplace is a democracy today, and how we spend our money is casting our ballot.



Most political democracies are corrupt, including that of the United States. Democracy is not really working on a governmental basis because the corporations are in charge. But it is working on a market basis. I would encourage the people of Greece to stand up: Don't pay off those debts; have your own referendums; refuse to pay them off; go to the streets and strike.

And so, I would encourage the Greek people to continue to do this.

Don't accept this criticism that it's your fault, you're to blame, you've got to suffer austerity, austerity, austerity. That only works for the rich people; it does not work for the average person or the middle class.

Build up that middle class; bring employment back; bring disposable income back to the average citizen of Greece. Fight for that; make it happen; stand up for your rights; respect your history as fighters and leaders in democracy, and show the world!

We would like to believe that it is not. For one thing, every member in the AIIB and NDB banks of the BRICS have equal voting rights irrespective of GDP size. Otherwise, China would dominate everyone which should defeat the very purpose of establishing an alternative world bank and is obviously not the reason why governments are jumping into the bandwagon,  as one might find below.

In contrast, the European Union is, as events unfolded for the last five months, a patently undemocratic institution that is shove right into the throats of the Europeans solely for the purpose of making them incapable of derailing the advancement of vested interests of the political and banking elite.

The IMF was just lying and playing dice on the fate of the Greeks all along…

Austerity not enough to save Greece – Leaked IMF documents

Even if Greece accepted all of the austerity measures demanded by its main creditors, the Troika, it still would not be able to make ends meet by 2030, according to IMF estimates revealed in a set of documents obtained by a German newspaper.

The most optimistic scenario shows that Greece would face an unsustainable debt in 2030 even if it agreed to the package of tax increases and spending cuts proposed by the European commission, the European Central Bank and the IMF in exchange for a five-month €15.5bn loan from its creditors.

These prospects were outlined in six documents that were part of the “final” proposal offered to Greece by the three main creditors on Friday. The papers were obtained by the German newspaper Süddeutsche Zeitung and seen by The Guardian.

The estimates provide support for Greece’s decision not to accept the bailout deal. They prove that for Greece to survive economically, it needs real debt relief measures, not austerity reforms.

According to the IMF, Greece would be unable to sustain a debt level of 118% of GDP. In 2012, the organization said that 110% of GDP is the highest debt threshold the country could take on. Currently the country’s debt level amounts to 175% of GDP, and that percentage could easily rise if the country were to slip into recession.

The documents stressed that even if Greece posted stellar economic growth for 15 years, the debt level would still be higher than 110% of GDP, adding that Greece had no chance of meeting that target.n Even if the economy managed to maintain a growth rate of 4% a year for the next five years, the national debt level would only decline to 124%.

“It is clear that the policy slippages and uncertainties of the last months have made the achievement of the 2012 targets impossible under any scenario,”one of six secret documents, titled the Preliminary Debt Sustainability Analysis for Greece, stated.

There are also mentions of much needed “significant concessions,” but no specifics are revealed.

The files were reportedly sent to all German MPs for review and approval, but were never voted on since Greek Prime Minister Alexis Tsipras rejected the proposal and called for a referendum.

Other documents reveal further details about the proposed deal. For example, there is a description of how Greece would eventually gain access to €15 billion. The plan was to consist of five separate tranches beginning as soon as June. They were said to cover Greece’s immediate financing needs, with 93% of the money going towards paying the cost of maturing debt.

Other details were about reforms Greece should be forced to implement if it were to accept the proposal. The debate over pension reforms was particularly heated. The documents show that the three creditors wanted substantial reform, including changes to early retirement penalties and the phasing out the solidarity grant (EKAS).

Late on Tuesday evening, Greece became the first developed country to default on its international obligations, after the IMF confirmed that it had failed to receive the €1.5 billion debt payment from Athens that was due by the end of June 30.

IMF spokesman Gerry Rice said in a statement that Greece had asked for a payment extension earlier on Tuesday and that the Fund’s board would consider it “in due course.” This was largely expected by the markets. Greek Finance Minister Yanis Varoufakis had warned earlier that Greece would not be able to make its IMF debt payment on time.

It is still unclear how the Greek debt saga will play out, as the Europgroup, made up of eurozone finance ministers, prepares to meet on Wednesday to discuss new proposals from the Greek government.

Related: Greece Intends to Become A BRICS Member

Related: China Ratifies the Creation of BRICS bank




Understanding the Economic Collapse of Greece (8 Minute Video)

This video might be helpful to those who are only now becoming aware of the implications the Greek default will have on the global economy. Share with your friends and family.

Greece Again Can Save The West - Paul Craig Roberts

Like Marathon, Thermopylae, Plateau and Mycale roughly 2,500 years ago, Western freedom again depends on Greece. Today Washington and its empire of European vassal states are playing the part of the Persian Empire, and belatedly the Greeks have formed a government, Syriza, that refuses to submit to the Washington Empire.

Few people understand that the fate of Western liberty, what remains of it, is at stake in the conflict, and, indeed, the fate of life on earth. Certainly the German government does not understand. Sigmar Gabriel, a German vice-chancellor, has declared the Greek government to be a threat to the European order. What he means by the “European order” is the right of the stronger countries to loot the weaker ones.

The “Greek crisis” is not about debt. Debt is the propaganda that the Empire is using to subdue sovereignty throughout the Western world.

The Greek government asked the collection of nations that comprise the “democratic” European Union for one week’s extension on the debt in order for the Greek people to give their approval or disapproval of the harsh terms being imposed on Greece by the EU commission, the EU Central Bank, and the IMF with Washington’s insistence.

The answer from Europe and the IMF and Washington was “NO.”

The Greek government was told that democracy doesn’t apply when creditors are determined to make Greek citizens pay for the creditors’ mistakes with reduced pensions, reduced health care, reduced education, reduced employment, and reduced social services.

The position of the Empire is that the Greek people are responsible for the mistakes of their foreign creditors, and the Greek people must pay for their creditors’ mistakes, especially those mistakes enabled by Goldman Sachs.

As has been proven conclusively, the Empire’s claim is false. The austerity measures that have been imposed on Greece have driven down the economy by 27%, thus increasing the ratio of debt to GDP and worsening the financial situation of Greece. All austerity has accomplished is to drive the Greek people further into the ground, thus making debt repayment impossible.

The Empire rejected Greece’s democratic referendum next Sunday, because the Empire doesn’t believe in democracy.

The Empire, like all empires, believes in subservience. Greece is not being subservient. Therefore, Greece must be punished. The Persians Darius and Xerxes had the same view as Washington and the EU. The Greek government is supposed to do what previous Greek governments have done, accept a pay-off and allow Greece to be looted.

Looting is the only way left for the Western financial system to make money. In pursuit of short-term profits, western corporations, encouraged and coerced by the financial sector, have moved offshore western industry, manufacturing, and professional skills such as information technology and software engineering. All that remains for the West are highly leveraged derivative bets and looting. Apple is an American corporation, but not a single Apple computer is made in the US.

The German, French, and Dutch governments together with Washington and the western financial system have come down in favor of looting. For a country to be looted, its people’s voice must be silenced. This is why the Germans and the EU object to the Greek government handing the ability to decide the future of Greece to the Greek people.

In other words, in the West today, the sovereignty of peoples and accountability of governments are inconsistent with the financial interests of the One Percent who control the financial and political order.

To conclude: If democracy can be destroyed in Greece, it can be destroyed throughout Europe.

The Greek people not only hold in their hands the fate of democracy in the West, but also the fate of life on earth. Washington’s mechanism for creating conflict with Russia is the EU and NATO. By violating agreements made by previous US governments, Washington has brought NATO to Russia’s borders and is currently deploying more troops, armaments, and missiles on Russia’s borders, all the while speaking aggressively toward Russia.

Russia has no alternative but to target these insensible military deployments. As military deployments rise and the irresponsible and totally inaccurate Western propaganda against Russia and Russia’s government escalate, war can launch itself.

Clearly Washington and its vassal states have eschewed diplomacy and instead use demonization and attempted coercion to force Russia to accede to the Empire’s will.

This reckless policy continues despite the many warnings from the Russian government to the West not to deliver ultimatums to Russia. As empires are characterized by arrogance and hubris, the Empire doesn’t hear the warnings.

Recently we have had from Washington’s stooge prime minister in London British threats against Russia, despite the fact that the UK can deliver no force against Russia and can be destroyed in a few minutes by Russia. This kind of insanity is what leads to war.

The crazed British prime minister thinks he can call out Russia.

Washington is brewing armageddon. But Greece can save us. All the Greek people need to do is to support their government and insist that their government, the first in awhile to represent the interests of the Greek people, give the finger to the corrupt EU, default on the debt, and turn to Russia.

This would begin the unravelling of the EU and NATO and save the world from armageddon. Most likely, Italy and Spain would follow Greece out of the EU and NATO, as these countries also are targeted for merciless looting. The EU and NATO, Washington’s mechanism for creating conflict with Russia, would unravel. The world would be saved and would owe its salvation to the ability of the Greeks to realize what really is at stake. Just as they did at Marathon, Thermopylae, Plateau and Mycale

It is difficult to imagine another scenario that would save us from World War III. Pray that the Greeks understand the responsibility that is in their hands not merely for liberty but also for life on earth.

We Are All Greeks

Here’s a good rundown which we can all relate to what’s happening over there in Greece. After all, both sides of the Atlantic and thereabouts are being choked and bled upon by the same group of financial Corporatocracy leeches.

What the Greeks need to understand that while they are being pushed towards the corner, these kleptocrats really are just bluffing all these time. In fact, they are already preparing for the inevitable, i.e. the possible rise of the people’s armed resistance and their own dishonorable exit.

June 22 - Stepping above the furious confrontation with banking powers over “Greek debt,” Greek Prime Minister Alexis Tsipras observed on June 15:

“I’m certain future historians will recognise that little Greece, with its little power, is today fighting a battle beyond its capacity, not just on its own behalf but on behalf of the people of Europe.”

Touching the same idea two centuries ago, the great English poet Percy Shelley wrote lines quoted many times since, though never by the current German Chancellor, French President, or the IMF Managing Director.



"Civilization owes its very existence to the accomplishments of ancient Greece", wrote poet Percy Bysshe Shelley in 1821. Here, the Parthenon, which graces Athens’ Acropolis.

“The apathy of the rulers of the civilized world,” Shelley wrote in 1821, when Greece was a captive nation in revolt against the Ottoman Empire, “to the astonishing circumstances of the descendants of that nation to which they owe their civilization, is something perfectly inexplicable to a mere spectator of the shows of this mortal scene. We are all Greeks. Our laws, our literature, our religion, our arts have their root in Greece." “The human form and the human mind attained a perfection in Greece,” Shelley continued, “which has impressed its image on those faultless productions, whose very fragments are the despair of modern art, and has propagated impulses which cannot cease, through a thousand channels of manifest or imperceptible operation, to enoble and delight mankind….”

In the drama, Hellas, to which these lines were prologue, Shelley had a Greek chorus look on this scene:

Let there be light! said Liberty, And like a sunrise from the sea Athens arose! - Around her born, Shone like the mountains in the morn Glorious states; - and are they now Ashes, wrecks, oblivion?

Today, for the sake of imposed debts, Greek cities and islands, in a mere five years’ of dictated and savage “austerity,” have been forced back toward the condition Shelley referred to, and Greeks back toward their living standards of a century ago.

But in the Greek government’s attempt to break out of the “austerity trap,” it is the wrecked economy of Europe as a whole which is at stake - standing before either a new financial collapse, or a revival in collaboration with the growth and the development institutions of the BRICS-allied nations.

Deadly Debt

The core of the fight over Greece and “its debt,” is that the new Greek government, with a popular mandate, has been asking the European Union to shut down a tremendous Wall Street-London bank swindle and make economic growth possible again in Europe.

If that doesn’t happen, the worsening bankruptcy of the whole trans-Atlantic banking system will continue to generate desperate confrontations with major powers Russia and China, with the threat of world war.

The rest of Europe, so far, has refused to shut down that Wall Street swindle, and on Feb. 18, Obama’s Treasury Secretary Jack Lew backed up that refusal, including by a threatening phone call to the Greek finance minister.

The refusal to write down unpayable debt, by Europe’s bankrupt giant banks and governments, is the fundamental reason the economies of the whole European Union have been dead in the water for seven years. Since the 2008 financial crash, these banks have sat with @eu2 trillion of toxic real estate debt on their books, tangled in tens of trillions in derivatives contracts - unable and unwilling to lend into the European economies, through year after year of economic recession and depression.

Anything suggesting bank reorganization to deal with these dead debt securities under Glass-Steagall principles, has been refused, and Europe’s bankrupt megabanks lie, like undead monsters, blocking the road to productive credit, investment, and recovery.

Now, the battle over whether Greece can adopt an economic recovery strategy has exposed the fact that large amounts of government debt, accumulated by various European governments bailing out their big banks, is also unpayable and must be written down - starting with that of Greece.

A Bankers’ Coup Attempt

Speaking at the Paris Schiller Institute conference on June 14, Stélios Kouloglou, a European MP from the Greek Syriza party, exposed the plot by the IMF, European Central Bank (ECB) and European Commission - the so-called “European institutions” or Troika - to use the debt issue to overthrow the current Greek government.

Comparing the situation to the overthrow of Chile’s President Salvador Allende in 1973, Kouloglou said, “Before Pinochet came in with the tanks in 1972, President Nixon told the CIA: Make the economy scream. And the banks cut off all credit to Chile.”

Today, the coup is not by “tanks, but by the banks.” As soon as Syriza came to power, explained Kouloglu, Mario Draghi of the ECB cut off, without the slightest justification, the main source of financing of Greek banks. He replaced it with the so-called Emergency Liquidity Assistance (ELA), a facility which must be renewed every week. This, he used as a sword of Damocles hanging over the head of the Greek government.

Kouloglou used the occasion to address bitter remarks to France: “Abandoned by those forces whose support it was counting on - the French government - Greece cannot solve the major problem of the country: an intolerable debt, which was used essentially to bail out French and German banks’ assets in Greece.”

The proposal for an international debt conference like that of 1953, which freed Germany from the greater part of debt reparations, opening the road to the economic miracle, has been drowned in a sea of threats and ultimatums, he charged. In that loaded climate, Russia’s positive answer to Greece’s request to participate in the new BRICS bank, came as a sigh of relief and optimism for Greek public opinion.

“We will resist,’ Kouloglou concluded, underscoring that time is of the essence, best wishes for the Greek government are no longer enough, and the solidarity it deserves must be expressed by action.

Greece Under Siege

After returning from a high-pressure week of meetings in Athens, co-author Dean Andromidas can testify to the brutal evidence of the charges by Kouloglou of a bankers’ plot to overthrow the fighting Greek government. The siege of Greece is everywhere to be seen, from beggars on the streets, to shuttered storefronts in Athens’ main business district, and more.

The blackmail of cutting off liquidity, something that would not be possible if Greece had its own currency, is destroying the Greek economy as much as the austerity itself. Banks are unable to extend credit lines to viable companies; even hotel operators are unable to get simple medium-term credit lines to refurbish their hotels.

Large Greek multinational companies have moved their headquarters to places like Luxembourg, because Greek-registered companies are unable to access credit inside or outside of the country. Such moves mean not only loss of jobs but tax revenue as well.

One Greek financial expert told EIR, “There is absolutely no liquidity. The economy is collapsing every day because of this.”



He added that small and medium businesses, one of the major sources of employment for Greece, are being hit the hardest; companies are closing down every day. Over three hundred thousand have closed. He added that no foreign investors can even consider investing in Greece because of the uncertainty being created by the siege being laid against the country.

The liquidity siege does not allow Greece to borrow short-term, up to three months, to cover temporary revenue shortfalls, making it impossible for the government to implement emergency measures to deal with the humanitarian catastrophe created by five years of the brutal regime under the jackboot of the Troika “enforcers.”

Nowhere is the situation more dramatic than in the health sector, where the previous Quisling government reduced the budget by no less than 50 percent. The new Minister of Health, Panagiotis Kouroumplis, who is blind, and one of the most respected political figures in the country, has taken on the “mission impossible” of finding the resources to rebuild the system.

Not only have the country’s hospitals been stripped of doctors and essential medical personnel, but 40 percent of the population does not have health insurance, which means they are denied healthcare. The minister is attempting to create a community healthcare system to answer this need, which is a matter of life or death for thousands of Greeks who are now unable to access health care. The cutting-off of liquidity makes his mission virtually impossible: a recipe for more death and suffering.

Every aspect of the Troika’s policy, which the government is trying to reverse, has been, and continues to be, genocidal in its intent. Greece’s creditors demand cuts in pensions, which have already been cut by 25 to 40 percent. Hundreds of thousands of Greeks live on the reduced 400 Euro pension of their grandparents.

In many cases we are talking about as many as eight or ten people relying on one pension. The creditors demand an end to early retirement. In reality, early retirement means government employees retiring in order to reduce the number of public workers. Ending early retirement means laying off workers and simply throwing them onto the street with no income.

The “creditors” are demanding even more taxes. In Greece the poor, the unemployed, children, and the unborn all pay taxes. The tax regime created by the Troika demands that the first euro earned is taxed, thus eliminating a minimum income not subject to tax, which has been the norm in every civilized society. All pensions are taxed, even the 400 euro pension that is supporting ten people. If you have children, you pay extra tax for each child, which is also unheard of in civilized countries. The divorce rate has dramatically increased since married couples pay more tax, thus in effect taxing the unborn.

Thousands of self-employed professionals, such as engineers, lawyers, and doctors, pay taxes whether they have worked or not. One IT engineer reported that tens of thousands of engineers have fallen into tax debt, despite the fact that they have been unemployed and have no earned income; this leaves them open to the seizure of their homes and property because of tax debt. In 2014, 65 to 70 percent of the engineers did not earn any income, yet owe thousands in taxes.

The result is that thousands of Greece’s professionals are forced to leave the country. Greece’s main source of wealth is not its beautiful islands, but its well educated population. This is another case of genocide, since Greece has a relatively high number of engineers and medical doctors who could play a central role if the economy were expanding.

Resistance and the BRICS

The very fact that Syriza, which prior to the crisis would receive only three to four percent of the vote, and the Independent Greeks, a new party organized to oppose the memorandum, are now in power, is testament to the spirit of resistance that has taken hold among a large percentage of the population. Those of all ages have mobilized themselves.

The young take to the streets and join the ruling parties, or are ready to re-elect the ruling parties if elections have to be held. One finds pensioned former government workers, including diplomats and economists, back in government doing the jobs of younger men because they are “fighting the fight of their lives,” as one party leader told EIR.

Crucial to the success of this resistance is its ability to gain allies, and here the government has clearly chosen the BRICS option. In his speech before the St. Petersburg Economic Forum June 19, Prime Minister Tsipras made clear he was in Russia, and not in Brussels negotiating, because Greece wants to pursue a “multidimensional policy and engage with countries that are currently playing a key role in global economic developments.”

He explicitly mentioned the BRICs and the Eurasian Economic Union. He declared that “Greece seeks to be a bridge of cooperation” linking three continents. (See below)

Greece has already strengthened ties to China through its port of Piraeus, whose container terminal, under lease to China, has become the latter’s main port of entry for its ship-bound exports to Central and Eastern Europe. Greece is linked to Russia not only through energy imports, but through sharing the same Orthodox Christian religion and a history of centuries of cultural and political interaction.

The June 18-20 St. Petersburg Economic Forum saw this cooperation between Greece and the BRICS go to a new level. On the sidelines of that event, Tsipras and Greek Productive Reconstruction, Environment and Energy Minister Panagiotis Lafazanis met with the directors of the new BRICS development bank; the latter stressed their strong interest in the cooperation between Greece and the New Development Bank.



Greek Prime Minister Alexis Tsipras speaks at the St. Petersburg International Economic Forum on June 19, 2015.

Tsipras and Lafazanis also met with Gazprom’s head Alexey Miller to discuss the extension into Greece of the Turkish Stream Gas pipeline. This was followed by a meeting between Lafazanis and the head of Russia’s “Bank for Development and Foreign Economic Affairs (Vnesheconombank),” Vladimir Dimitriev, where it was decided to form a new company called “Energy Investments Public Enterprise SA.” It will be owned by the Greek state, and with financing from Vnesheconombank, will build the Greek pipeline, to be named the “South European Pipeline.”


Fraudulent, Unpayable Debt

On June 17, the Debt Truth Commission of the Greek Parliament issued a preliminary, but extremely important report on the more than 240 billion-euro debts which the “European institutions” - the European Financial Stability Fund, European Central Bank, and IMF - claim against Greece.

After extensive hearings and examination of evidence, the Commission found all of this claimed debt to be illegitimate, and that it should not be paid.

The findings strengthen the Greek government’s position against these same institutions’ demands for new, and suicidal, economic austerity measures against the Greek population. Furthermore they confirm the analysis published by EIR on behalf of Editor-in-chief Lyndon LaRouche in late February of this year, which found that the so-called “bailout debt” of Greece was a huge swindle, transferring European taxpayers’ funds, via Greek government accounts, to bankrupt megabanks in London and Europe.

The Debt Truth Commission’s report says:

"All the evidence we present in this report shows that Greece not only does not have the ability to pay this debt, but also should not pay this debt, first and foremost because the debt emerging from the Troika’s arrangements is a direct infringement on the fundamental human rights of the residents of Greece. Hence, we came to the conclusion that Greece should not pay this debt because it is illegal, illegitimate, and odious. It has also come to the understanding of the Committee that the unsustainability of the Greek public debt was evident from the outset to the international creditors, the Greek authorities, and the corporate media. Yet, the Greek authorities, together with some other governments in the EU, conspired against the restructuring of public debt in 2010 in order to protect financial institutions. The corporate media hid the truth from the public by depicting a situation in which the bailout was argued to benefit Greece, whilst spinning a narrative intended to portray the population as deserving punishment for their own wrongdoings."

Political forces in other superindebted countries in the Eurozone will also be affected by these findings.

LaRouche’s February analysis had likewise found:

"In the case of Greece, much of that debt was fraudulently piled on the country in the course of huge bank bailouts, in 2010 and 2012, totalling about EU245 billion. These rocketed the country’s debt, as a ratio of its GDP, from 126% at the end of 2009 to 175% at the end of 2014. The impact on other national debts was equally dramatic: Ireland’s, for example, rose from 25% of GDP before it bailed out London’s banks headquartered in its territory in 2009, to 125% afterwards. The debt piled on Greece in the past 12 years (since it joined the euro currency) is significantly illegitimate in regard to its causes and relationship to the real economy of the country. It cannot be paid in the next half-century, and it cannot be paid by continued cuts in employment, pensions, wages, health-care services, or by selling off national income and infrastructure."

‘The Debt Should Be Cancelled’

The casino lending of the biggest London, Frankfurt, and Paris banks, the deliberate rule-breaking by the IMF and ECB regarding Greece, and the irrational intransigence of German and French officials have made Greece’s debt both illegitimate and odious - a giant swindle.

The country went on a borrowing binge after joining the Eurozone in 2002, making its imports cheaper, and pricing its exports off the market. There are no irrational borrowers without irrational lenders, and the banks threw money wildly at Greece to finance German, French, and U.S. exports, especially military.

When Greece reached clear insolvency by 2010, the banks refused to allow any debt writeoff. Instead, the “European institutions” started giving bailout loans with taxpayers’ funds - committing the unbelievable “mistake” of lending new funds to a bankrupt which had no protection from its creditors (the London-centered banks).

The IMF and ECB compounded the mess by jumping in to buy up Greek debt from private financial institutions at 100% face value, violating their own charters and piling new, shorter-term debt on Greece. In 2012 the bank bailout process was repeated on an even larger scale, and 240 billion euros of new debt piled on, again with taxpayers’ funds.

Ninety percent of all 350 billion euros of the bailout loans passed through Greek federal accounts at the speed of light, and landed at the very same German, French, and British megabanks, allowing them not to write off their casino-wild Greek “debt assets.”

On June 19, days after the June 13-14 Schiller Institute event in Paris and LaRouche’s new statements, the influential senior former Social Democratic Chancellor of Germany, Helmut Schmidt, spoke to the Greek semi-official press agency, ANA-MPA.

While saying an “unorganized” Greek exit from the euro could lead to disaster, Schmidt said that Greece should never have joined the Eurozone, and that its problems could more easily be solved if it still had its national currency, the drachma.

When asked about a cancellation of Greek debt, as modeled on the London Debt Agreement of 1953 on German debt, Schmidt was clear: “I want to tell you that I think that it is completely excluded that Greece will be able to repay its debt. The majority of it should be cancelled.”

Schmidt made his own proposal for a solution to the crisis, calling for a European investment program for the benefit of Greece, which can be financed not only from Germany, but also via an agreement to write off a large part of the accumulated debt of Greece. He also made clear that it is nonsense to say that the German people have been bled by Greece, which is what Germans read every day in their media.

A Way to the Future

LaRouche had called in February for full international backing for the Greek government’s position, stating:

“Looting does not constitute legitimate debt. The debt is illegal, it is unpayable, and it is the fruit of a London-led criminal enterprise that must be shut down altogether, if the world is to survive the coming months without an eruption of general war in the center of Europe. This [issue] has to be put loud and clear on every doorstep in the United States. If you want to avoid World War III, that’s what you’ll do.”

He called for creating a “buffer of credit” for the real economy - a credit institution on Alexander Hamilton’s principles. Such a new development bank in Greece will be linked to the European Investment Bank - and to China and the BRICS-allied nations.

One week ago on June 18, LaRouche said;

“You cannot sustain the euro system, it is intrinsically bankrupt. If you base a ‘debt deal’ on that system - any ‘debt deal,’ - that deal will fail. The fraud of what Wall Street and London banks are calling ‘their debt assets’, has to be eliminated, because populations - not only the Greeks - are being beaten down by worthless claims. Cancel those claims. Relieve the nations of the claims of this speculation, these ‘investments’ in gambling bets, and an opening is created for internal economic development of European nations and the United States. “The solution,” he said, “is an international policy of Glass-Steagall banking; agreements among these nations to implement Glass-Steagall principles. Most important by far:” LaRouche said, “Restore the Glass-Steagall Act to force in the United States. That is the driver for this whole effort. That opens up the issuance of national credit for productivity and development.”

LaRouche also addressed the campaign by forces behind German Finance Minister Wolfgang Schäuble, to force Greece out of the euro system.

“If Greece goes out, goes back to the drachma, the negotiated value of the drachma can be increased significantly, and problems solved,” he said. "It is not correct to say that the drachma must collapse in value against the euro. The pressure on Greece is coming from the London-Wall Street banking system, and the claims of that system are worthless. Its speculation on unpayable debt has to be cancelled. The euro will be falling because of its bankruptcy; the value of the drachma against the euro can be maintained, and may go up. Again, the critical action is Glass-Steagall in the United States, and force it in European countries. With that, the United States and Europe can generate national credit institutions, linked to the BRICS’ new international development banks, and issue a surge of credit for productive employment. The Greek Parliament has thus done a service to the future, if we take the right actions now,” LaRouche concluded.

This article appears in the June 26, 2015 issue of Executive Intelligence Review.

“Imagine this: you want to buy and own Product X, which is valued at $10,000. You’re in a rare position. You can make that product sell for $1. You can do that. Then you can buy it and own it. In fact, you can do that with lots of products. Now, instead of products, imagine you can do that with whole companies, with industrial sectors, and even with large chunks of nations. You can spend $1 instead of $10,000. But wait, there’s more. You can re-inflate what you just reduced to $1. You can make it worth $10,000 again and you still own it. You can go up and you can go down. You control both sides of the mountain, the upside and the downside. This is money-management, Globalism-style. This is day-in, day-out manipulation. It’s done with the same routine configurations as making and having breakfast. A few of these configurations are called trade treaties.” - 'The Underground', Jon Rappoport

Let’s start with the analogy of the stock market. To boil it down, here is how the game is played by insiders:

They acquire many, many shares of a stock and then they push the price up, up, up, and then they create a top, crash it, sending the stock price off a cliff to a dismal bottom.

They profit greatly on the way up (pump), and then, selling short (dump), they pile up more profits on the way down.

Getting away with it is like having a license to print money.

But this single pump and dump doesn’t have to be the end of the game. As the crashed stock creeps along a new discouraging bottom, the insiders quietly buy it again, preparing for a repeat cycle - up, up, up, top, top, top, crash, crash, crash, down, down, down.

Now imagine this pump and dump strategy applied to companies. Better yet, imagine it applied to a number of companies within a given industry all at once.

This is euphemistically called a bubble.

For instance, the dot-com bubble of the 1990s. The conventional wisdom was, overenthusiastic investors jumped on the new Internet dot-com bandwagon, put money into every crazy company they could find in this sector, all the companies were vastly overvalued, and then came the crash.

Of course, this was a false picture. Insiders propagandized the (false) worth of the dot-com sector, pumped the stocks, lured mad investors and speculators to the table, created a top, and then busted it, causing a collapse.

Then, the insiders bought up these companies (the outfits that had useful technology) for pennies on the dollar…and began a second trip up the ladder…this time with a seriousness of purpose and the intent to create a viable dot-com sector. Which they did.

The same thing has happened to the “genetic sector.” Many companies promising breakthroughs possessed no real science; what they had was a group of shills who drew in investors hoping to make a killing. When those companies failed, insiders bought the ones that did have some technological promise.

The genetic biotech sector has experienced several such bubbles, and there will be more - because in most cases the promise of results far outdistances what the science can produce.

The current trade treaties (e.g., the TPP) coming to a vote purposely embody a pump and dump for the near future: look to the pharmaceutical and robotics-automation sectors for boiling bubbles.

Smaller drug companies will be edged out of the new trade advantages Big Pharma enjoys. Those smaller outfits will crash, and the big boys will buy some of them up, for pennies on the dollar.

In robotics-automation (for factories), something similar will happen. Certain companies, sensing “the revolution is at hand,” will overextend themselves with huge loans, only to discover their profits don’t justify the expenditures for reconfiguring their assembly lines. They, too, will drown in red ink, and their mega-competitors will buy them up and initiate a far more successful robotics revolution.

The bigger swallow the smaller.

It’s all about pump and dump, bubble, bubble, rise and fall, and absorption into the “greater body.”

The Globalist plan to a T. Put more and more assets, human talent, and money into fewer and fewer hands. Top-down economic rule.

What I’m describing in this article could be called meta-capitalism. That’s my name for it. Capitalism is merely the voluntary exchange of money for non-harmful goods and services. But at the meta-level, you have predators, on their perches, looking down at the marketplace and devising concealed ways to manipulate the global flows of money and assets.

Consider the 2007-8 financial crash. Many people had bought houses with what they thought were fixed-rate mortgages. But they didn’t realize that only the monthly payments were fixed. That was the come-on, the con. Lurking below the surface, in the small print, was another part of the loan they’d taken: it was for the down payment, and that piece was variable.

So when banks closed in on home owners and told them their down payments were suddenly far higher now…the roof fell in. The home owners couldn’t make their payments. They were foreclosed on.

At the same time, all these mortgages were being traded like stocks - packaged and rolled up into bundles.

The insiders, of course, knew this trading operation was a bubble; they’d created the bubble and they knew the bundles were “faulty,” to say the least. They’d pushed the trading prices higher; and they sold and got out with their profits before the crash.

Some of the insiders were the banks who had been both offering the “faulty” mortgages and trading the bundles.

These banks knew they were too big to fail. They knew the federal government would bail them out.

A highly successful variation of pump and dump.

In turn, the federal government knew it could rely on the Federal Reserve to keep inventing money out of thin air.

So rescuing the banks was no problem.

Very, very cozy. Yes, there was a bit of stare-down, high-stakes, poker-bluffing along the way, but the ultimate outcome was assured.

Part of that outcome was: banks now held many properties on which they’d foreclosed. This is was made to appear as a negative factor for the banks - but if you know you’re going to be bailed out, it’s really not.

In fact, you could say the entire crash of 2007-8 was a massive distraction, engineered in order to cover up a much larger, ongoing, long-term Globalist crime: the overwhelming leakage of jobs from industrial countries to underdeveloped countries where slave labor, land, and resources were available.

That job transfer is the meat and potatoes of Globalism. This is what all the trade treaties guarantee. This is how free-floating international mega-corporations continue their plundering operations.

And of course, the result is disastrous unemployment in the industrial nations. Anyone with a few active brain cells can see that.

Therefore, a cover story needed to be adopted and promoted. A story that would shift blame away from the mega-corporations and the Globalist trade treaties (e.g., NAFTA, CAFTA, GATT).

And that cover story was the 2007-8 crash.

It pointed the accusing finger for the horrendous and ongoing job losses at the “home-lending crisis.”

Big banks took press attacks on the chin, with a bland smile. They absorbed the name-calling in high style, as the federal government handed them trillions of dollars.

This is the game. No-limit holdem, where the banks and the Fed Reserve and the federal government and the mega-corporations are the house casino and decide, at any given moment, how much money they want to invent, show, hide, collect, transfer, and pay out.

Nice work if they can get it, and they can.

That is why governments can’t truthfully assure their citizens a “better job picture” in the future. They can certainly mouth “share and care” sentiments while laughing up their sleeves. They can crow about the rise of a more tolerant progressive culture and correcting past inequalities. But that is just window dressing meant, again, to distract from the ongoing plunder.