Traces of Reality Presents Sibel Edmonds, founder and publisher of Boiling Frogs Post, founder and president of the National Security Whistleblower’s Coalition (NSWBC), and the author of the memoir Classified Woman: The Sibel Edmonds Story. We discuss her background, how she earned the distinction of “most classified woman in US History,” information relating to 9-11 she uncovered that the US government fought to keep secret, the role of the media, the American Police State, whistleblowers in 2013, and much, much more.
… The widespread belief that [the fed’s] QE is flooding the economy with money is a myth. Virtually all of the money it creates simply sits in the reserve accounts of banks….
As QE is practiced today, the money created on a computer screen never makes it into the real, producing economy. It goes directly into bank reserve accounts, and it stays there. Except for the small amount of “vault cash” available for withdrawal from commercial banks, bank reserves do not leave the doors of the central bank….
Reserves are used simply to clear checks between banks. They move from one reserve account to another, but the total money in bank reserve accounts remains unchanged. Banks can lend their reserves to each other, but they cannot lend them to us.
QE as currently practiced is simply an asset swap. The central bank swaps newly-created dollars for toxic assets clogging the balance sheets of commercial banks. This ploy keeps the banks from going bankrupt, but it does nothing for the balance sheets of federal or local governments, consumers, or businesses.
Central Bank Ignorance or Intentional Sabotage?
Another Look at the Japanese Experience
That brings us to the motive. Twenty years is a long time [for the Japanese central bank] to repeat a policy that isn’t working. ….
In his book Princes of the Yen (2003), Werner maintains that in the 1990s, the BOJ consistently foiled government attempts at creating a recovery. As summarized in a review of the book:
The post-war disappearance of the military triggered a power struggle between the Ministry of Finance and the Bank of Japan for control over the economy. While the Ministry strove to maintain the controlled economic system that created Japan’s post-war economic miracle, the central bank plotted to break free from the Ministry by reverting to the free markets of the 1920s.
. . . They reckoned that the wartime economic system and the vast legal powers of the Ministry of Finance could only be overthrown if there was a large crisis – one that would be blamed on the ministry. While observers assumed that all policy-makers have been trying their best to kick-start Japan’s economy over the past decade, the surprising truth is that one key institution did not try hard at all.
Werner contends that the Bank of Japan not only blocked the recovery but actually created the bubble that precipitated the downturn:
[T]hose central bankers who were in charge of the policies that prolonged the recession were the very same people who were responsible for the creation of the bubble. . . . [They] ordered the banks to expand their lending aggressively during the 1980s. In 1989, [they] suddenly tightened their credit controls, thus bringing down the house of cards that they had built up before. . . .
With banks paralysed by bad debts, the central bank held the key to a recovery: only it could step in and create more credit. It failed to do so, and hence the recession continued for years. Thanks to the long recession, the Ministry of Finance was broken up and lost its powers. The Bank of Japan became independent and its power has now become legal.
In the US, too, the central bank holds the key to recovery. Only it can create more credit for the broad economy. But reversing recession has taken a backseat to resuscitating zombie banks, maintaining the feudal dominion of a private financial oligarchy. …
It should also be stressed that like the BOJ, the “federal” reserve is the single most culpable institution responsible for our present predicament. And like the BOJ, they are using the crisis in a larger social control agenda, that being the control of all economic and political activity by the bankster elite. As Carrol Quigley wrote in “Tragedy and Hope”:
“The powers of financial capitalism had [a] far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert by secret agreements arrived at in frequent private meetings and conferences.”
As Congress struggles through one budget crisis after another, it is becoming increasingly evident that austerity doesn’t work. We cannot possibly pay off a $16 trillion debt by tightening our belts, slashing public services, and raising taxes. Historically, when the deficit has been reduced, the money supply has been reduced along with it, throwing the economy into recession. After a thorough analysis of statistics from dozens of countries forced to apply austerity plans by the World Bank and IMF, former World Bank chief economist Joseph Stiglitz called austerity plans a “suicide pact.”
Congress already has in its hands the power to solve the nation’s budget challenges – today and permanently. But it has been artificially constrained from using that power by misguided economic dogma, dogma generated by the interests it serves. We have bought into the idea that there is not enough money to feed and house our population, rebuild our roads and bridges, or fund our most important programs – that there is no alternative but to slash budgets and deficits if we are to survive. We have a mountain of critical work to do: improving our schools, rebuilding our infrastructure, pursuing our research goals and so forth. And with millions of unemployed and underemployed, the people are there to do it. What we don’t have, we are told, is just the money to bring workers and resources together.
But we do have it – or we could.
Money today is simply a legal agreement between parties. Nothing backs it but “the full faith and credit of the United States.” The United States could issue its credit directly to fund its own budget, just as our forebears did in the American colonies and as Abraham Lincoln did in the Civil War.
Any serious discussion of this alternative has long been taboo among economists and politicians. But in a landmark speech on February 6, 2013, Adair Turner, chairman of Britain’s Financial Services Authority, broke the taboo with a historic speech recommending that approach. According to a February 7 article in Reuters, Adair is one of the most influential financial policymakers in the world. His recommendation was supported by a 75-page paper explaining why handing out newly created money to citizens and governments could solve economic woes globally and would not lead to hyperinflation. …
For the social compact of the United States, most of the Congressional Progressive Caucus has gone missing.While still on the caucus roster, three-quarters of the 70-member caucus seem lost in political smog. Those 54 members of the Progressive Caucus haven’t signed the current letter that makes a vital commitment: “we will vote against any and every cut to Medicare, Medicaid, or Social Security benefits — including raising the retirement age or cutting the cost of living adjustments that our constituents earned and need.”More than 10 days ago, Congressmen Alan Grayson and Mark Takano initiated the forthright letter, circulating it among House colleagues. Addressed to President Obama, the letter has enabled members of Congress to take a historic stand: joining together in a public pledge not to vote for any cuts in Social Security, Medicare or Medicaid.The Grayson-Takano letter is a breath of fresh progressive air, blowing away the customary fog that hangs over such matters on Capitol Hill.
The Progressive Caucus co-chairs, Raul Grijalva and Keith Ellison, signed the letter. So did Barbara Lee, the caucus whip. But no signer can be found among the five vice chairs of the Progressive Caucus: Judy Chu, David Cicilline, Michael Honda, Sheila Jackson-Lee and Jan Schakowsky. The letter’s current list of signers includes just 16 members of the Progressive Caucus (along with five other House signers who aren’t part of the caucus).
Congress seems remarkably ignorant of basic economic principles like the catalytic nature of money. Sovereign money such as that envisioned by the founders is not a limited resource choke point like farmland or oil. LIke scientific knowledge, it’s only a catalyst which facilitates the conversion of farmland or oil into food and transportation, the stuff of modern civilization. There is no shortage of solar energy and seeds, or of people who would produce, transport and consume the resultant produce if given the chance. The shortage is in the tokens of economic value that would facilitate such processes.
It’s as if they were arguing that they’ve run out of numbers.
The stewards of the monetary system are crooks. The choke point is the privately controlled federal reserve system. Congress has the power to bypass the fed, coin (create) money and spend it on needed projects for the general welfare. Why aren’t they doing it? Because their careers are dependent on the largesse of the money fraudsters.
Can’t have the peons knowing the full extent of the depravity of the state.
The American Civil Liberties Union (ACLU) filed a petition with the U.S. Court of Military Commissions Review appealing a Guantánamo military judge’s order allowing the government to censor any testimony that touches on the torture and abuse of detainees in U.S. custody.
The trial at issue here has been plagued by problems including the accusations of intentional censorship when the audio feed was cut and accusations from the defense alleging that the U.S. government is spying on them and violating attorney-client confidentiality.
The ACLU filed the petition (PDF) asserting the public’s First Amendment right to open trials which they claim has been violated by the protective order issued by Military Judge Col. James Pohl in December.
While the petition was filed late February 21, 2013, it was only made public this afternoon “after undergoing a security review by the government,” according to the ACLU’s press release.
Pohl’s order contains provisions that allow for the categorical censorship of any testimony from the defendants that touches on their personal experiences and memories of “enhanced interrogation techniques,” rendition and detention by the Central Intelligence Agency (CIA) on the grounds that it was classified.
Pohl’s order also legitimized the continued use of a 40-second delay on the audio feed of the proceedings, further allowing for censorship of the trial.
“The judge’s decision to keep testimony about torture secret did not even mention the American public’s First Amendment right of access to the Guantánamo commissions, let alone apply the high standard that must be met before testimony is suppressed,” said Hina Shamsi, director of the ACLU’s National Security Project.
The tragic events of September 11, 2001 constitute a fundamental landmark in American history. a decisive watershed, a breaking point. Millions of people have been misled regarding the causes and consequences of 9/11.
September 11 2001 opens up an era of crisis, upheaval and militarization of American society.
A far-reaching overhaul of US military doctrine was launched in the wake of 9/11.
Endless wars of aggression under the humanitarian cloak of “counter-terrorism” were set in motion.
9/11 was also a stepping stone towards the relentless repeal of civil liberties, the militarization of law enforcement and the inauguration of “Police State USA”.
September 11, 2001 marks the onslaught of the “Global War on Terrorism” (GWOT), used as a pretext and a justification by the US and its NATO allies to carry out a “war without borders”, a global war of conquest.
At eleven o’clock, on the morning of September 11, the Bush administration had already announced that Al Qaeda was responsible for the attacks on the World Trade Center (WTC) and the Pentagon. This assertion was made prior to the conduct of an indepth police investigation.
CIA Director George Tenet stated that same morning that Osama bin Laden had the capacity to plan “multiple attacks with little or no warning.”
Secretary of State Colin Powell called the attacks “an act of war” and President Bush confirmed in an evening televised address to the Nation that he would “make no distinction between the terrorists who committed these acts and those who harbor them”.
Former CIA Director James Woolsey, without mentioning Afghanistan, pointed his finger at “state sponsorship,” implying the complicity of one or more foreign governments. In the words of former National Security Adviser, Lawrence Eagleburger, “I think we will show when we get attacked like this, we are terrible in our strength and in our retribution.”
That same evening at 9:30 pm, a “War Cabinet” was formed integrated by a select number of top intelligence and military advisors. And at 11:00 pm, at the end of that historic meeting at the White House, the “War on Terrorism” was officially launched.
The tragic events of 9/11 provided the required justification to wage war on Afghanistan on “humanitarian grounds”, with the full support of World public opinion and the endorsement of the “international community”. Several prominent “progressive” intellectuals made a case for “retaliation against terrorism”, on moral and ethical grounds. The “just cause” military doctrine (jus ad bellum) was accepted and upheld at face value as a legitimate response to 9/11.
In the wake of 9/11, the antiwar movement was completely isolated. The trade unions and civil society organizations had swallowed the media lies and government propaganda. They had accepted a war of retribution against Afghanistan, an impoverished country in Central Asia of 30 million people.
The myth of the “outside enemy” and the threat of “Islamic terrorists” was the cornerstone of the Bush administration’s military doctrine, used as a pretext to invade Afghanistan and Iraq, not to mention the repeal of civil liberties and constitutional government in America.
Amply documented but rarely mentioned by the mainstream media, Al Qaeda is a creation of the CIA going back to the Soviet- Afghan war. This was a known fact, corroborated by numerous sources including official documents of the US Congress, which the mainstream media chose to either dismiss or ignore. The intelligence community had time and again acknowledged that they had indeed supported Osama bin Laden, but that in the wake of the Cold War: “he turned against us”.
The 9/11 Commission Report has largely upheld the “outside enemy” mythology, heralding Al Qaeda as the “mastermind” organization behind the 9/11 attacks.
The official 9/11 narrative has not only distorted the causes underling the collapse of the World Trade Center buildings, it has also erased the historical record of US covert support to international terrorism, while creating the illusion that America and “Western Civilization” are threatened.
Without an “outside enemy”, there could be no “war on terrorism”. The entire national security agenda would collapse “like a deck of cards”. The war criminals in high office would have no leg to stand on.
After 9/11, the campaign of media disinformation served not only to drown the truth but also to kill much of the historical evidence on how this illusive Al Qaeda “outside enemy” had been fabricated and transformed into “Enemy Number One”.
The 911 Reader is composed of a carefully selected collection of key articles published by Global Research in the course of the last eleven years.
9/11 was an important landmark for Global Research. Our website was launched on September 9, 2001, two days prior to 9/11. Our coverage of 9/11 was initiated on September 12, 2001.
Within this collection of more than 60 chapters, we have included several important reports from our archives, published by Global Research in the immediate aftermath of the attacks. These articles provide a focus on issues pertaining to the 9/11 Timeline, foreknowledge of the 9/11 attacks, the attack on the Pentagon, the issue of insider trading on Wall Street in the days preceding 9/11 pointing to foreknowledge of the attacks.
What prevails is a complex web of lies and fabrications, pertaining to various dimensions of the 9/11 tragedy. The falsehoods contained in the official 9/11 narrative are manifold, extending from the affirmation that Osama bin Laden was the mastermind, to the assertion by the National Institute of Standards and Technology (NIST) that the WTC buildings collapsed due to the impacts of fire. (see Part III). …
Perhaps the most disturbing aspect of the Obama administration’s assassination program is the fact that they simply refuse to address if they claim the authority to kill Americans on US soil without charge or trial.
While they clearly claim the authority to kill Americans abroad without requiring any clear evidence based on secret meetings and a classified legal justification, they dodge any and all questions around assassinations on US soil.
Individuals in the Obama administration – including Obama himself – have chosen to simply answer a question that was never asked when they are confronted with the issue.
This recently came up in a series of written questions and answers (original without notes here) from Senate Select Committee on Intelligence to John Brennan, Obama’s nominee for the director of the Central Intelligence Agency (CIA).
“Could the Administration carry out drone strikes inside the United States?” asked the Committee.
“This Administration has not carried out drone strikes inside the United States and has no intention of doing so,” Brennan responded.
No one asked Brennan if the Obama administration has carried out drone strikes in the United States or if they have the intention to do so. The question was if they could carry out such a strike. This was not answered.
When asked, “Could you describe the geographical limits on the Administration’s conduct drone strikes?”
Brennan responded that the Obama administration does not “view our authority to use military force against al-Qa’ida and associated forces as being limited to ‘hot’ battlefields like Afghanistan.” …
As gun control once more becomes an issue, and as some lawmakers, academics, pundits and ordinary Americans call for outright gun bans and confiscation in the wake of the Sandy Hook Elementary School shootings in mid-December, it is vital and appropriate to examine the history of gun control around the world, and the carnage visited upon the innocent by gun-grabbing tyrants. ….
For years, the U.S. Centers for Disease Control and Prevention (CDC) has maintained that the combined influenza vaccine, which was first administered during the 2009 H1N1 pandemic flu season, is perfectly safe and actually encouraged for pregnant women. But a new study published in the journal Human and Environmental Toxicology (HET) reveals that, following the mass administration of the untested dual vaccine, which contains the mercury-based preservative Thimerosal, miscarriages and stillbirths among pregnant women who received it skyrocketed by an astounding 4,250 percent.
Based on information compiled from the official government Vaccine Adverse Event Reporting System (VAERS), which only accounts for less than 10 percent of all actual vaccine injury cases, the multiple-strain, inactivated flu vaccine containing mercury was directly responsible for triggering the 4,250 percent fetal death increase, which was seen only during the 2009 pandemic flu season. In the years before the vaccine’s administration, as well as in the years after, rates of miscarriage and stillbirth were far lower, pointing to the combined vaccine as the culprit.
According to Eileen Dannemann, Director of the National Coalition of Organized Women (NCOW), the CDC has continually made a conscious and willful effort to cover up this data, which shows the immense dangers of the combined flu shot, and has repeatedly lied to the public with claims that the vaccine is safe for pregnant women. The agency even went so far as to publish a fraudulent study in the American Journal of Obstetrics and Gynecology (AJOG) that intentionally withheld critical data on the fetal death spike.
“Not only did the CDC fail to disclose the spiraling spike in fetal death reports in real time during the 2009 pandemic season as to cut the fetal losses, but also we have documented by transcript Dr. Marie McCormick, chairperson of the Vaccine Safety Risk Assessment Working Group (VSRAWG) on September 3, 2010, denying any adverse events in the pregnant population during the 2009 pandemic season,” wrote Dannemann in a letter to Dr. Joseph Mercola about her findings.
Hidden presentation slide reveals CDC knew full well about spike in fetal deaths from flu shot, deliberately tried to hide this information
Since the combined flu shot has never actually been tested for safety, especially in pregnant women, the CDC set up a mock advisory group headed by its own Dr. Marie McCormick to track all adverse events from the shot during the 2009 pandemic season. But as reported by investigative journalist Christina England over at Vactruth.com, neither Dr. McCormick nor any other advisory person ever fessed up with the truth about the flu shot’s dangers, even after being confronted with incontrovertible evidence.
“The Advisory Committee on Childhood Vaccines (ACCV) and CDC were confronted with the VAERS data from NCOW on September 3, 2010, in Washington, D.C., and then again by conference call on September 10, and then again in Atlanta, Georgia, on October 28, 2010,” added Dannemann in her letter. “On both September 3 and September 10, Dr. Marie McCormick clearly denied that there were any adverse events for pregnant women from the 2009 flu vaccine.”
To make matters worse, the CDC’s Dr. Tom Shimabakuru was caught lying about significant adverse reactions to the H1N1 vaccine at the October 28 presentation in Atlanta. According to England, Dr. Shimabakuru had a secret slide in his briefcase that revealed the significant uptick in fetal deaths among pregnant women who received the flu shot, but it was not included in his presentation. It was only after a member of the audience requested information on such adverse events that Dr. Shimabakuru reluctantly and nervously pulled out the slide, further revealing the CDC’s extensive efforts to conceal this important information from the public.
Be sure to read England’s full report on the issue here:
Sources for this article include: