Degeneration into genocide’ as President Poroshenko calls for the murder of ‘hundreds’ of rebels for each of his troops killed – more than Nazi Germany ordered as punitive reprisals in World War II; eyewitnesses report Kiev death squads going ‘house to house,’ executing all men under 35 on the spot, ‘crucifying’ babies and forcing their mothers to watch – unspeakable atrocities under a complete mainstream media blackout. On Sunday, Ukrainian missiles killed and injured civilians in the Rostov region, the latest bombing on Russian territory. Seek truth from facts with leading war crimes prosecutor Francis Boyle; US Navy veteran Mark Sleboda; investigative journalist William Engdahl; and George Eliason, who lives with his Ukrainian family in the crosshairs of Kiev’s bombing near Lugansk.
“Everything that was ‘too big to fail’ in 2008 is bigger and more dangerous today,” says New York Times bestselling author James Rickards. Rickards predicts the crash of the global currency market and insolvency of the U.S. dollar in his latest book, The Death of Money: The Coming Collapse of the International Monetary System. “We’re waiting for the catalyst that will cause this catastrophe to come tumbling down.”
Reason Managing Editor Katherine Mangu-Ward sat down with Rickards to discuss the future of money and a return to the financial stability of the gold standard in an event co-hosted by the Charles Koch Institute.
More specifically a wall street effort. You know, the same ones that financed hitler and shipped our jobs offshore. Now they’re trafficking the child refugees they created in our name and with our tax dollars to use them as pawns in their slow motion coup. It’s just good business.
Frances Robles of The New York Times headlined on July 9th, “Fleeing Gangs, Children Head to U.S. Border” and reported:
More than half of the top 50 Central American cities from which children are leaving for the United States are in Honduras. Virtually none of the children have come from Nicaragua, a bordering country that has staggering poverty, but not a pervasive gang culture or a record-breaking murder rate. “Everyone has left,” Alan Castellanos, 27, the uncle of Anthony and Kenneth, said in an interview in late May. “How is it that an entire country is being brought to its knees?”
The answer to that question is remarkably clear, and it started actually in 2009.
In that year, a military coup, which was initiated by fewer than a dozen aristocratic or “oligarchic” families of Honduras, overthrew that country’s popular and democratically elected progressive President Manuel Zelaya. As the present reporter has previously documented in detail, the then-Secretary-of-State Hillary Clinton immediately after the coup blocked the efforts of virtually all other nations’ heads-of-state, they being opposed to the coup; and she also prevailed upon the then-dithering U.S. President Barack Obama to agree to provide crucially needed ongoing U.S. military and financial assistance to the coup-imposed government, for a long-enough period of time so that that government could finally become accepted internationally as the “legitimate government” of Honduras. This legitimation was done by means of the usual rigged “elections,” in which the post-coup “interim government” was replaced by a head-of-state whom the voters selected from a pre-screened field of candidates whose every member was approved by the controlling council of oligarchs — those very same ruling families who had overthrown Zelaya. The names of those families are included in my previous news-report, along with the details of how Clinton, Obama, and all congressional Republicans (then under the guidance of the head of the Heritage Foundation, the former U.S. Senator, Jim DeMint), propped up and sustained Honduras’s dictators in power. …
Exposed: the Nazi roots of the European Union
… The European Commission’s first president was Walter Hallstein, the Nazi lawyer who, during the war, had been in charge of post-war legal planning for the new Europe.
As the Rath Foundation reports: In 1939, on the brink of the war, Hallstein had stated, “The creation of the New Law [of the Nazis] is ONLY the task of the law-makers!”
In 1957, with his reputation sanitized, Hallstein spoke the words in this manner: “The European Commission has full and unlimited power for all decisions related to the architecture of this European community.”
Post-war, IG Farben was broken up into separate companies, but those companies were following a common agenda. If, for example, you want to know why the endless debate over labeling GMO food rivals the real issue—banning GMO crops altogether—you can look to these Farben allies: Bayer, BASF, and Sanofi, among others.
They are among the leaders in GMO research and production. BASF cooperates with Monsanto on research projects. Sanofi is a leader in GM vaccine research.
The original IG Farben had a dream. Its executives and scientists believed they could eventually produce, synthetically, any compound in a laboratory. They could dominate world industry in this fashion.
The dream never died. Today, they see gene-manipulation as the route to that goal.
I refer you to the explosive book, The Nazi Roots of the Brussels EU, by Paul Anthony Taylor, Aleksandra Niedzwiecki, Dr. Matthias Rath, and August Kowalczyk. You can read it at relay-of-life.com. It is a dagger in the heart of the EU.
At the Rath Foundation, you can also read Joseph Borkin’s classic, “The Crime and Punishment of IG Farben.”
In 1992, I was deeply engaged in researching the specific devastating effects of medical drugs. Eventually, I concluded that, at the highest levels of power, these drugs weren’t destructive by accident. They were intended to cause harm. This was covert chemical warfare against the population of the planet. The Rockefeller-Standard Oil-Farben connection was a primary piece of the puzzle.
It was, of course, Rockefeller (and Carnegie) power that forced the birth of pharmaceutical medicine in America, with the publication of the 1910 Flexner Report. The Report was used to excoriate and marginalize Chiropractic, Homeopathy, Naturopathy, and other forms of traditional natural practice, in favor of what would become the modern juggernaut of drug-based treatment.
In an article about the FDA, “Medical Murder in the Matrix,” I point out the fact that this federal agency has permitted at least 100,000 deaths of Americans, per year, from the direct effects of drugs it, the FDA, has certified as safe.
The FDA knows these death figures. “Unintended” and “accidental” can no longer be applied to this ongoing holocaust.
The same can be held true for the pharmaceutical industry itself.
People are exceedingly reluctant to come to this obvious conclusion. They prefer to hem and haw and invent excuses or deny the facts.
To understand the dimensions and history of the ongoing chemical warfare against the population, in the form of medical drugs (and of course pesticides), one must factor in the original octopus, IG Farben.
World War 2 never ended. It simply shifted its strategies. …
When you hear the word “nazi”, think wall street and the “city of london”, the primary benefactors of the rise of hitler.
… During the Iran Contra hearings in the 80’s, previously classified information came to light about Continuity of Government (CoG) procedures in times of national crisis. The masterminds behind these programs were Oliver North, Donald Rumsfeld and Dick Cheney. The Rex-84 ‘readiness exercise’ discussed the plan to round up immigrants and detain them in internment camps in response to uncontrolled population movements across the Mexican border.
The real agenda was to use the cover of rounding up immigrants and illegal aliens as a smokescreen for targeting political dissidents and American citizens. From 1967 to 1971 the FBI kept a list of persons to be rounded up as subversive, dubbed the “ADEX” list.
Since 9/11, shadow government and CoG programs that were outlined in Rex-84 have been activated, including mass warrantless wiretapping of American citizens. The internment camp program is now being readied for execution following the announcement on January 24th 2006 that Halliburton subsidiary KBR (formerly Brown and Root) had been awarded a $385 million contingency contract by the Department of Homeland Security to build detention camps.
According to respected author Peter Dale Scott, “Both the contract and the budget allocation are in partial fulfillment of an ambitious 10-year Homeland Security strategic plan, code-named ENDGAME, authorized in 2003. According to a 49-page Homeland Security document on the plan, ENDGAME expands “a mission first articulated in the Alien and Sedition Acts of 1798.” Its goal is the capability to “remove all removable aliens,” including “illegal economic migrants, aliens who have committed criminal acts, asylum-seekers (required to be retained by law) or potential terrorists.”
The pretext given for which the camps would be used, as the New York Times reported was, “an unexpected influx of immigrants, to house people in the event of a natural disaster or for new programs that require additional detention space.”
With active duty military personnel already being stationed inside the U.S. under Northcom, partly for purposes of “crowd control,” fears that Americans could be incarcerated in detainment camps as part of a “new program” amidst a crisis caused by a sudden influx of Mexican immigrants are all too real. …
A former official from the UK’s social services has said that an alleged pedophile network in Westminster and Whitehall was ignored because “there are too many of them over there.”
David Tombs, a former official who ran Hereford and Worcester social services for 20 years, warned the government about the possible pedophile network after the arrest of notorious pedophile Peter Righton in 1992.
Tombs claims he became aware of the pedophile behavior through a police investigation.
“I had no particular names, but that was the impression I was getting,”he told a BBC Radio current affairs program.
“It was coming across to me at the time that there were names linked into the establishment, if you like,” he said.
But when he approached representatives from the Department of Health, he was told that he was “probably wasting his time” as there were “too many of them over there” in Westminster and Whitehall.
Tombs said he thought the issue was serious and of national concern, and that he wanted to make people who made policy decisions aware of what was going on.
But despite his best efforts, Tombs found doors closed in his face.
“I was angry. I was furious. It seemed to me that the one place I should be able to come to, to alert the nation to this issue, was the Department of Health,” he said.
At least 40 UK politicians complicit in alleged Westminster ‘pedophile ring’ – report
Claims of child abuse cover-up heighten tensions in Westminster
What should be even more alarming to americans is that there are no such headlines about the satanic pedophocracy here. It means they’re more entrenched than they were when they nearly lost control of media coverage of the franklin scandal 25 years ago (see reference page). The traumatic imprint, sexual frustration and pleasure lobotomy caused by the wholesale genital mutilation going on here plays right into this business model.
Mortgage debt overhang from the housing bust has meant lack of middle-class spending power and consumer demand, preventing the economy from growing. The problem might be fixed by a new approach from the Fed. But if the Fed won’t act, counties will, as seen in the latest developments on eminent domain and litigation over MERS.
Former Assistant Treasury Secretary Paul Craig Roberts wrote on June 25th that real US GDP growth for the first quarter of 2014 was a negative 2.9%, off by 5.5% from the positive 2.6% predicted by economists. If the second quarter also shows a decline, the US will officially be in recession. That means not only fiscal policy (government deficit spending) but monetary policy (unprecedented quantitative easing) will have failed. The Federal Reserve is out of bullets.
Or is it? Perhaps it is just aiming at the wrong target.
The Fed’s massive quantitative easing program was ostensibly designed to lower mortgage interest rates, stimulating the economy. And rates have indeed been lowered – for banks. But the form of QE the Fed has engaged in – creating money on a computer screen and trading it for assets on bank balance sheets – has not delivered money where it needs to go: into the pockets of consumers, who create the demand that drives productivity.
Some ways the Fed could get money into consumer pockets with QE, discussed in earlier articles, include very-low-interest loans for students and very-low-interest loans to state and local governments. Both options would stimulate demand. But the biggest brake on the economy remains the languishing housing market. The Fed has been buying up new issues of mortgage-backed securities so fast that it now owns 12% of the mortgage market; yet housing continues to sputter, largely because of the huge inventory of underwater mortgages.
According to Professor Robert Hockett, who originated a plan to tackle this problem using eminent domain, 40% of mortgages nationally are either underwater or nearly so, meaning more is owed on the home than it is worth. Seventy percent of homes that are deeply underwater wind up in default.
Worse, second mortgages are due for a reset. Over the next several years, principal payments will be added to interest-only payments on second mortgages taken out during the boom years. Many borrowers will be unable to afford the higher payments. The anticipated result is another disastrous wave of foreclosures.
The mortgage debt overhang was the result of financial deregulation and securitization, which created a massive housing bubble. When it inevitably burst, housing prices plummeted, but mortgages did not. The resources of the once-great middle class were then diverted from spending on consumer goods to trying to stay afloat in this sea of debt. Without demand, stores closed their doors and workers got laid off, in a vicious downward spiral.
The glut of underwater mortgages needs to be written down to match underlying assets, not just to help homeowners but to revive the economy. However, most of them cannot be written down, because they have been securitized (sold off to investors) in complicated trust arrangements that legally forbid renegotiation, even if all the parties could be found and brought to agreement.
Reviving the HOLC
The parties themselves cannot renegotiate, but the Fed could. The Fed is already voraciously buying up mortgage-backed securities. What it is not doing but could is to target underwater mortgages and renegotiate them after purchase, along the lines of the Home Owners’ Loan Corporation (HOLC) created during the New Deal.
The HOLC was a government-sponsored corporation created in 1933 to revive the moribund housing market by refinancing home mortgages that were in default. To fund this rescue mission without burdening the taxpayers, the HOLC issued bonds that were sold on the open market. Although 20% of the mortgages it bought eventually defaulted, the rest were repaid, allowing the HOLC not only to rescue the home mortgage market but to turn a small profit for the government.
In 2012, Senator Jeff Merkley of Oregon proposed the large-scale refinancing of underwater mortgages using an arrangement similar to the HOLC’s. Bonds would be issued on the private bond market, capitalizing on today’s very low US government cost of funds; then underwater mortgages would be bought with the proceeds.
For the bonds to be appealing to investors, however, they would need to be at 2-3% interest, the going rate for long-term federal bonds. This would leave little cushion to cover defaults and little reduction in rates for homeowners.
The Fed, on the other hand, would not have these limitations. If it were to purchase the underwater mortgages with QE, its cost of funds would be zero; and so would the risk of loss, since QE is generated with computer keys.
Finance attorney Bruce Cahan has another idea. If the Fed is not inclined to renegotiate mortgages itself, it can provide very-low-interest seed money to capitalize state-owned banks, on the model of the Bank of North Dakota. These publicly-owned banks could then buy up mortgage pools secured by in-state real estate at a discount off the face amount outstanding, and refinance the mortgages at today’s low long-term interest rates. …
Here’s a prediction that doesn’t require supernatural prescience: the “fed” will do none of these things because it’s not in the interests of its owners to rescue the US economy. The present crisis is a result of larger plans that render national self-determination obsolete and besides, there’s lots of looting to be done with all the QE that’s waiting in the banksters vaults for the Great Ripoff II.