Kevin Hayden – TruthisTreason.net

Source: Michael Snyder, Economic Collapse Blog - Truth Contributor

Any financial system that is based on debt is doomed to fail.  Today, we are living in the greatest debt bubble that the world has ever seen, and if all of a sudden people could not use credit to buy things, our economy would immediately grind to a halt.  Unfortunately, no debt bubble can last forever.

Hayden’s Note:

Unfortunately?  I’m rather pleased about the fact that we might…just might… be able to allow this debt bubble to burst and start over.  I’m not a fan of over-entending credit.  I’m not a fan of the Federal Reserve.  And I’m certainly not a fan of the insanity that we call modern banking practices.  Let it come crashing down.

When this current debt bubble finally bursts, faith in the financial system is going to disappear, credit is going to freeze up and there is going to be a massive wave of bank failures.  Right now, Greece is a warning sign for the world.  Nobody wants to lend money to Greece, the Greek banking system is dying, one out of every four businesses has already shut down, unemployment is soaring and the Greek economy has now been in recession for five years in a row....

Kevin Hayden - TruthisTreason.net

John Perkins, author of Confessions of an Economic Hitman, narrates an animated short, briefly explaining how banking cartels such as the IMF turn sovereign countries into debt slaves, build corporation-nations, and enrich the rich.

Perkins, a former chief economist at Boston strategic-consulting firm Chas. T. Main, says he was an “economic hit man” for 10 years, helping U.S. intelligence agencies and multinationals cajole and blackmail foreign leaders into serving U.S. foreign policy and awarding lucrative contracts to American business. “Economic hit men (EHMs) are highly paid professionals who cheat countries around the globe out of trillions of dollars,” Perkins writes.

Confessions of an Economic Hit Man is an extraordinary and gripping tale of intrigue and dark machinations.

Perkins writes that his economic projections cooked the books Enron-style to convince foreign governments to accept billions of dollars of loans from the World Bank and other institutions to build dams, airports, electric grids, and other infrastructure he knew they couldn’t afford. The loans were given on condition that construction and engineering contracts went to U.S. companies. Often, the money would simply be transferred from one bank account in Washington, D.C., to another one in New York or San Francisco....

Kevin Hayden – TruthisTreason.net

Source: Michael Snyder - Truth Contributor

Will global financial markets reach a breaking point during the month of October?  Right now there are all kinds of signs that the financial world is about to experience a nervous breakdown.  Massive amounts of investor money is being pulled out of the stock market and mammoth bets are being made against the S&P 500 in October.  The European debt crisis continues to grow even worse and weird financial moves are being made all over the globe.  Does all of this unusual activity indicate that something big is about to happen?  Let’s hope not.  But historically, the biggest stock market crashes have tended to happen in the fall.  So are we on the verge of a “Black October”?

The following are 21 signs that something big is about to happen in the financial world and that global financial markets are on the verge of a nervous breakdown….

#1 We are seeing an amazing number of bets against the S&P 500 right now.  According to CNN, the number of bets against the S&P 500 rose to the highest level in a year last month.  But that was nothing compared to what we are seeing for October.  The number of bets against the S&P 500 for the month of October is absolutely astounding.  Somebody is going to make a monstrous amount of money if there is a stock market crash next month....

Kevin Hayden – TruthisTreason.net

Source: Madison Ruppert

The American “war on terror” is a sham designed to strip freedoms from Americans while consolidating wealth and power into the hands of the elite.

Since the war on terror began, absolutely no measurable progress has been made and the entire nomenclature assigned to this “war” bolsters this fact by showing that this is a war that is meant to continue forever, across the world.

For those who are still taken by the illusion that we are actually fighting terrorism, our support of rebels openly associated with al Qaeda in Libya (the same al Qaeda group responsible for sending militants to Iraq to kill American soldiers) should have shattered this delusion.

The head of the Libyan security services, that is the real Libyan security services, not the al Qaeda-affiliated rebel war criminals, Abdullah al-Snousi made this very clear in a statement earlier today.

Hayden’s Note:

I’ve said this time and time again.  See here, here, here and here (whew!) for various editorials and commentary regarding Western support for al-Qaeda (All-CIA-duh!) masquarading as “Libyan rebels concerned for their people,” allowing these banker-paid terrorist proxy armies to set up shop in Washington, DC at the Libya Embassy, and arming them with advanced weaponry.  These are the same “terrorists” that US soldiers are “fighting” in Iraq and Afghanistan.  Which side of the War on Terror are we really on?  I’ll give you 3 guesses and the first two don’t count....

TruthisTreason.net – Kevin Hayden

Source: Oil Price by John Daly – Truth Contributor

Perhaps the biggest foreign-policy story of the past decade, thoroughly overlooked by the American media after 9/11 and its subsequent monomaniacal focus on terrorism, security and the wars in Iraq and Afghanistan, is the fact that Latin America has essentially moved away from Washington’s influence.

This quiet revolution from below, in rejecting the Monroe Doctrine, first enunciated in 1823 whereby the U.S. essentially barred European powers from influence in Latin America, has essentially for nearly 200 years served as an ideological platform for countless U.S. interventions south of the border but has yet to register on the radar the politicians in Washington.

From Ecuador to Paraguay, Venezuela to Brazil, governments increasingly composed of representatives of the indigenous people, are more and more rebuffing Washington’s advice as they seek to determine their countries’ futures without undue interference from their giant North American neighbor.

Nowhere is this more evident than in Brazil, which after suffering decades of corrupt government and intermittent military dictatorship in 2003 elected Luiz Inácio Lula da Silva as president, who’s adroit and progressive policies until he relinquished the proposed last year have laid the foundations for the dramatic rise of Brazil’s economy....

TruthisTreason.net – Kevin Hayden

Source: The Intercept

The people of Iceland have now twice voted not to repay international debts incurred by banks, and bankers, for which the whole island is being held responsible. With the present turmoil in European capitals, could this be the way forward for other economies?

The small island of Iceland has lessons for the world. It held a referendum in April to decide, more or less, whether ordinary people should pay for the folly of the bankers (and by extension, could governments control the corporate sector if they depended on it for finance). Sixty percent of the population rejected an agreement negotiated between Iceland, the Netherlands and the UK to pay back the British and Dutch governments for the money they spent to recompense savers with the failed bank Icesave. That was less resistance than the first referendum last spring, when 93% voted no.

The referendum was significant since European governments, pressured by speculators, the IMF and the European Commission, are imposing austerity policies on which their citizens have not voted. Even devotees of deregulation are worried by the degree of the western world’s servitude to unconstrained financial institutions....

TruthisTreason.net – Kevin Hayden

Source: The National Pulse

“And if you gaze for long into an abyss, the abyss gazes also into you.”
-Friedrich Nietszche (Philosopher, 1844-1900)

Truly, a lot is happening. As Spring became Summer, America has legislated its way into a full-blown terrorist state. The currency is totally debauched. The US cannot borrow any more from its loan-sharking creditors, and is faced with austerity. Like surgeons, central economic planners are calibrating inflation all over the world to provoke reaction and harness the emotion produced from reaction. America’s debt limit has been reached, causing Treasury Secretary Tim Geithner to extend the final date of come-uppance to August 2, by raiding federal pensions. If you have a federal pension, or really any pension that you think you might have you may like to read that letter here.

TruthisTreason.net – Kevin Hayden

Source: Bloomberg via Cryptogon.com

The former chairman of Egypt’s Bank of Alexandria was charged with sexually abusing a maid at the Pierre Hotel in New York, police said.

Hayden’s Note:

Really?  See my previous editorial regarding this exact, textbook operation that occurred with the IMF’s Dominic Strauss. How the Mighty continue to fall… but who’s behind this agenda?

Mahmoud Abdel Salam Omar, 74, chairman of El-Mex Salines Co., was arrested yesterday after a 44 year-old female maid alleged he attacked her May 29, according to a police department spokesman. Officers were called to the hotel, located in midtown Manhattan, after she informed security of an alleged incident when she went to Omar’s room after he requested tissues.

Police charged Omar with sexual abuse, unlawful imprisonment, forcible touch and harassment. He allegedly asked the maid for her telephone number and she gave a false one before leaving the room, police said.

The alleged incident comes two weeks after the arrest in New York of Dominique Strauss-Kahn, the former International Monetary Fund chief charged with attempted rape of a maid at the Sofitel Hotel in Manhattan....

TruthisTreason.net – Kevin Hayden

Source: The Sovereign Man – Simon Black

Debt is slavery… or at least indentured servitude of the worst kind.  That looming mortgage, the high interest credit card debt, the short-term car loan– these are the forces that keep people from breaking free and taking action.

Ironically, debt begets more debt. According to FinAid, the average US student loan debt for a four-year private university graduate is nearly $36,000, and $24,000 for public. Throw in that first car loan and maybe a mortgage, and suddenly you’re staring at hundreds of thousands of dollars in demoralizing claims on your future income.

At this point, most people figure… ‘hey, I’m already in debt up to my nose, might as well get in up to my eyeballs and buy a new plasma screen on credit.’

Debt is an enormous psychological burden that influences life’s major decisions. It’s why so many people stay committed to jobs that are unfulfilling in cities they detest under conditions they find disheartening. Nobody wants to rock the boat too much… take too many risks and you could lose your job, and hence the ability to make those monthly payments....

TruthisTreason.net – Kevin Hayden

Source: Zero Hedge

The book “Confessions of an Economic Hit Man” by John Perkins is easily one of the most engrossing pieces of non-fiction one can read to learn about the true drivers behind globalization, espionage, corporate cronyism, the emergence of such “artificial” organizations as the World Bank and the IMF, and most importantly, debt “enslavement”, all as seen from an insider’s view. It explains in simple words why over the past 40 years the developing world paradigm has been exploited as heavily as it has, why the BRIC concept was instrumental as a Red Herring to perpetuating the myth of endless growth, and why credit must always flow no matter what to keep the status quo in power. For those who have read the book, and for those who are on the fence about reading it, below we present the three part presentation by John Perkins at the 2006 Veterans for Peace National Convention in which he expounds on all the key ideas in his book, and does an extended Q&A covering topics not discussed previously....

TruthisTreason.net – Kevin Hayden

Source: Zero Hedge

There’s a funny thing about the New World Order: it eventually gets too big and bites the hand the feeds it. Enter the PBoC: “The new IMF leadership needs to reflect changes in the world economic order and be more representative of emerging market economies, Chinese central bank governor Zhou Xiaochuan said Thursday in his first public comments since the arrest of Dominique Strauss-Kahn. “The senior management team of the IMF should better reflect changes in world economic patterns and should be more representative of emerging market economies.” Translation – no more European or American cronies. It is also probably safe to say that Lagarde’s odds of pulling the white smoke out of the conclave bag have just plunged. It is also safe to say that with China now unofficially Europe’s backstopper (and there were those wondering why China is buying all those Spanish and Portuguese bonds), what China wants, China gets.

From Market News:

 Zhou also said he regretted Strauss-Kahn’s decision to resign as the Managing Director of IMF.

“The current world economy is recovering slowly from the financial crisis and the European sovereign debt crisis is at a key stage.

...

TruthisTreason.net – Kevin Hayden

Source: Zero Hedge & Reuters

With much interest focusing on the organizational structure of the IMF, today Reuters has compiled a useful organizational chart summarizing the complete flow of executive power at the Washington D.C.-based (for now) developing world (and PIIGS, soon everyone else) rescue organization.  Otherwise known as a main arm of the Global Elite.

Hayden’s Note:

For a greater understanding of what the IMF and World Bank do, please check out Confessions of an Economic Hit Man, it’s an amazing read and will really open your eyes. It dives into how organizations such as the IMF and various banks, political groups/individuals and even nations use “economic hitmen” in order to seize control of developing nations or those struck with disaster, such as Haiti. By offering cheap but massive loans to these emerging markets, they  become their masters.  Very informative and highly recommended! ...

TruthisTreason.net – Kevin Hayden

Source: Guardian

TruthisTreason.net – Kevin Hayden

Source: Scott Creighton – American Everyman

There is no question anymore as to why the Obama administration is attempting to impose a change of the regime of Libya.

On March 17th I wrote about the invasion of Libya being about two main objectives: privatizing the national oil company and the state-owned central banking system. I pointed out that the US and British inserted language in the UN resolution that allowed them to freeze the accounts of the nationalized oil company as well as the central bank of Libya. Well, before they have even won their coup, the CIA backed pro-west opposition has taken the time to announce that they have formed a new national oil company and central bank. Obviously they have allowed our neo-liberal economic hit-men to write-up the legal documentation for this action and I am sure it hands over control to multinationals outside Libya.  This is why so many globalist apologists and neo-liberals have been running around the last week claiming that the real government in Libya is the Transitional National Council.

It has always been about gaining control of the central banking system in Libya.  Oil is just a profitable side issue like every other state asset that is waiting in Libya to be privatized and sold off to multinational corporations like Bechtel, GE, and Goldman Sachs....

TruthisTreason.net – Kevin Hayden

Source: Asia News

TruthisTreason.net – Kevin Hayden

Source: USA Watchdog

Last year, I wrote a piece called “We Don’t Have Honest Money.”  It’s about how the Fed is debasing our currency.  I wrote, “It is said, when empires fall, one of the first signs of decline is a debasement of the currency.   Long before the Roman Empire fell, its leaders debased the currency.  The debasement was small at first, but over time, precious metals were watered down and coin sizes shrank.  For example, silver coins ended up having so little silver in them they became unpopular and shunned.  A debased Roman currency brought, what else, inflation.  Sound familiar?”  (Click here for the complete post.)   

Of course it does, because we are all witnessing first hand our declining currency at the gas pump and grocery store.  There is talk around the globe of replacing the U.S. dollar as the reserve currency.  What will replace it?  SDR (Special Drawing Rights), the Bancor (proposed by the International Monetary Fund) or maybe a new dollar called the “Patriot.”  Who knows?  But no matter what the currency, gold and silver are probably going to play a big role.  And why not, they have about a 5,000 year track record as money.  Brandon Smith (aka Giordano Bruno) is back with a long, but well researched, post on gold and silver making a big comeback as money.  Few in the mainstream media will even touch the subject of sound money.  However, the topic is being forced into the light of day by a reckless Fed creating trillions of dollars out of thin air to bail out its friends.  Smith’s website says he, “....

Source: CNN

The International Monetary Fund issued a report Thursday on a possible replacement for the dollar as the world’s reserve currency.

The IMF said Special Drawing Rights, or SDRs, could help stabilize the global financial system.

SDRs represent potential claims on the currencies of IMF members. They were created by the IMF in 1969 and can be converted into whatever currency a borrower requires at exchange rates based on a weighted basket of international currencies. The IMF typically lends countries funds denominated in SDRs

While they are not a tangible currency, some economists argue that SDRs could be used as a less volatile alternative to the U.S. dollar.

Hayden’s Note:

See my previous articles outlining the SDR, the UN and the IMF.

UN Report Suggests Scrapping Dollar – Lengthy Editorial by Hayden Included (I kind of got off on a rant in this article, but it’s good)

The Purpose Behind Engineered Economic Collapse

The IMF’s Special Drawing Rights vs. the US Dollar, An Attempt to “Rebalance” the World Economy (Excerpt below)

“When asked about a plan “designed to increase the use of the IMF’s special drawing rights” at a CFR conference, Geithner replied, ”we’re actually quite open to that.”  The International Monetary Fund is essentially a global bank and their “global currency” is called the SDR – or special drawing rights.  It’s a basket of currencies that they control the policy of.  After Geithner’s comments, the US Dollar fell 1.3% within 10 minutes.  That’s because investors and bankers know that when a man such as Geithner says that we’re moving towards an increased use of SDRs, the Dollar is on the way out of the door. 

This was said in early 2009.  Since that time, Geithner, Volckner and Paulson, along with many other Goldman Sachs cronies and Wall Street insiders charading as politicians, have done everything in their power to destroy the US Dollar while squeezing it for every last drop.

...

Source: AFP

The International Monetary Fund stands ready to help riot-torn Egypt rebuild its economy, the IMF chief said Tuesday as he warned governments to tackle unemployment and income inequality or risk war.

Hayden’s Note:

Of course the IMF is ready and waiting to dole out massive loans and bailouts to Egypt.  That is how the IMF and World Bank operate.  That is how they seize control of a nation.  They have been doing this for centuries under one name or another.  Why would it matter who makes the laws and sits on the throne or in Congress if an organization, such as the IMF, is the debt master?  When anyone – a person or nation – gets into debt, they have instantly become a slave.

When they can no longer make their own financial decisions, it effects most other decisions – imports, exports, taxes, fuel costs, food prices, law enforcement, politics, more debt, etc.  It is the same down-hill spiral that credit card users get into and precisely what the United States has done, alongside so many other nations. 

The IMF and other International Banking Consortiums have a long history of financing both sides of a war, as well....

Source: BlackListed News

If you took an opinion poll and asked Americans what they considered the biggest threat to the world economy to be, how many of them do you think would give “derivatives” as an answer?  But the truth is that derivatives were at the heart of the financial crisis of 2007 and 2008, and whenever the next financial crisis happens derivatives will undoubtedly play a huge role once again.  So exactly what are “derivatives”?  Well, derivatives are basically financial instruments whose value depends upon or is derived from the price of something else.  A derivative has no underlying value of its own.  It is essentially a side bet.  Today, the world financial system has been turned into a giant casino where bets are made on just about anything you can possibly imagine, and the major Wall Street banks make a ton of money from it.  The system is largely unregulated (the new “Wall Street reform” law will only change this slightly) and it is totally dominated by the big international banks.

Nobody knows for certain how large the worldwide derivatives market is, but most estimates usually put the notional value of the worldwide derivatives market somewhere over a quadrillion dollars.  If that is accurate, that means that the worldwide derivatives market is 20 times larger than the GDP of the entire world.  It is hard to even conceive of 1,000,000,000,000,000 dollars....

Source: Reuters

The United States would be ready to support the extension of the European Financial Stability Facility via an extra commitment of money from the International Monetary Fund, a U.S. official told Reuters on Wednesday.

“There are a lot of people talking about that. I think the European Commission has talked about that,” said the U.S. official, commenting on enlarging the 750 billion euro ($980 billion) EU/IMF European stability fund. “It is up to the Europeans. We will certainly support using the IMF in these circumstances.”

“There are obviously some severe market problems,” said the official, speaking on condition of anonymity. “In May, it was Greece. This is Ireland and Portugal. If there is contagion that’s a huge problem for the global economy.” 

Hayden’s Note:

Source: Daily Bail

• Read about today’s protests at the Irish Times…

4 short protest clips – one of which is absolutely hilarious.

—

This is my favorite of the clips as a woman decides to stand behind the reporter on the street and make her feelings known about the IMF bailout of billionaire bondholders, while he’s doing a live broadcast.  Priceless.

Video – General mayhem and chaos – BBC News show Garda kicking a protestor

...

Source: Zero Hedge

Domino 2 has fallen. Europe’s banks are about to be rescued again as Europe’s taxpayers foot the bill. In other news, former SAC star money manager Ron Insana says Ireland does not seem to be that much of an issue.

From the Guardian:

An increasingly isolated Irish government was coming under mounting pressure tonight to seek a European or International Monetary Fund bailout within 24 hours amid fears that contagion from its crippled banking sector might spread through the weaker eurozone countries.

Portugal, Spain, the European Central Bank and opposition parties all urged Brian Cowen’s coalition government to remove the threat of a second crisis in six months by putting a firewall between Ireland and its partners in the 16-nation single currency.

With finance ministers from the eurozone due to hold emergency talks tomorrow night, financial markets were expecting Dublin to finalise negotiations with the EU over the terms of a deal to allow Ireland to rescue banks laid low by the collapse of the country’s construction boom.

“The Irish problem is spreading, but it could get more volatile,” said Ashok Shah, chief investment officer at London Capital, a fund management firm.

...

Source: Reuters

Republican Representative Ron Paul on Thursday said he will push to examine the Federal Reserve’s monetary policy decisions if he takes control of the congressional subcommittee that oversees the central bank as expected in January.

“I think they’re way too independent. They just shouldn’t have this power,” Paul, a longtime Fed critic, said in an interview with Reuters. “Up until recently it has been modest but now it’s totally out of control.”

Paul is currently the top Republican on the House of Representatives subcommittee that oversees domestic monetary policy, and is likely to head the panel when Republicans take control of the chamber in January.

That could create a giant headache for the Fed, which earlier this year fended off an effort headed by Paul to open up its internal deliberations on interest rates and monetary easing to congressional scrutiny.

Paul, who has written a book called “End the Fed,” has been a fierce critic of the central bank’s efforts to boost the economy through monetary policy.

“It’s an outrage, what is happening, and the Congress more or less has not said much about it,” he said....

Source: Wall Street Journal

Treasury Secretary Timothy Geithner said he would use weekend meetings of G-20 finance ministers to advance efforts to “rebalance” the world economy so it is less reliant on U.S. consumers, to move toward establishing “norms” on exchange-rate policy, and to persuade others the U.S. doesn’t aim to devalue its way to prosperity.

Hayden’s Note:

I stumbled across this late last night and found it pretty interesting.  On the surface, it would actually help ease currency wars and import/export problems faced by America.  It would put many countries on a more-even playing field.  While that sounds good and all, it’s a fairy-tale.  By forcing different currencies to align in value by simple G-20 decree, you undermine sovereignty.  While I will always side with the choice of “more freedom” I have to say – something along these lines might be the only thing to save us.  It would help in our current trade wars and trade deficit, but the world would lose more freedom and choice as a result.  Unfortunately, if by sticking to the “more freedom” approach we fail as a nation and crash, then let it be a lesson for the rebuild....

Kevin Hayden

TruthisTreason.net

Wednesday, October 5th 2010 brings us an assortment of economic news, including 12 signs that indicate the world financial markets are in serious trouble.  We’ll also touch on the new round of IMF bailouts and the fact that Goldman Sachs Group Inc. said the U.S. economy is likely to be “fairly bad” or “very bad” over the next six to nine months.  Also included are some brief links regarding Ben Bernanke’s latest statement and consumer bankruptcies.

Remember tangibles, food investment and metals!  Get into them now or never.

.

Goldman Sachs Says US Economy May Be ‘Very Bad’

“We see two main scenarios,” analysts led by Jan Hatzius, the New York-based chief U.S. economist at the company, wrote in an e-mail to clients. “A fairly bad one in which the economy grows at a 1 1/2 percent to 2 percent rate through the middle of next year and the unemployment rate rises moderately to 10 percent, and a very bad one in which the economy returns to an outright recession.”

Hayden’s Note:

The problem with their prediction is that the fairly bad circumstances of slow economic growth and 10% unemployment is already here.  Am I missing something?   And they consider the very bad circumstances to be another recession.  Well, we weathered the last one pretty well with the Administration denying unemployment ever rose above 9%… so I have the feeling someone is either lying or trying to play it soft....

Kevin Hayden

TruthisTreason.net

What more can I say about gold and food inflation that every other finance, economic or statistical website hasn’t already? 

I know it’s exciting that gold is skyrocketing, but let’s keep in mind that the Euro is trading higher, as well.  By all means, acquire some precious metals for either bartering, investment or a simple store of wealth, but don’t get too caught up in the gold bugging that’s occuring everywhere.  Make long-term, sensible investments and diversify into tangibles, such as land, quality firearms, ammunition and even food.  I’m not promoting an “end of the world” scenario, but let’s look at food as an investment…

Wheat futures (for December delivery) have jumped well over 55% since July, along with just about every other commodity.

That WILL translate into higher food prices eventually (and very soon!).  Let’s say you spend, on average, $250/month at the grocery store.  Would a prudent investment not be to buy low?  Your $250 grocery bill will be $290 by the end of the year and will blow past $300-$325 by early next year if not more.  And that’s the “Positive, glass half full” outlook....

Source: Web of Debt

via Blacklisted News

While local banks are held in check by the new banking czars in Basel, Wall Street’s “shadow banking system” has hardly been curbed by regulators at all; and it is here that the 2008 credit crisis was actually precipitated.  The banking system’s credit machine is systemically flawed and needs a radical overhaul.

On September 13, the Bank for International Settlements issued heightened capital requirements that will make lending even more difficult for local banks, which do most of the consumer and small business lending today.  The new rules are ostensibly designed to prevent a repeat of the 2008 credit collapse, but they fail to address its real cause, which involves a “shadow” banking system that has largely escaped regulation.

What went wrong in September 2008 was not that the existing Basel II capital requirements were too low but that banks found a way around the rules.  The Basel II rules base a bank’s capital requirement on how risky its loan book is, and banks can make their books look less risky by buying unregulated “insurance contracts” known as credit default swaps (CDS)....

Source: Amped Status

Hayden’s Note:

The following is Part I to David DeGraw’s new book, “The Road Through 2012: Revolution or World War III.” This is the second installment to a new seven-part series that will be posted at AmpedStatus.com throughout the next few weeks. You can read the introduction to the book here. To be notified via email of new postings from this series, subscribe here at AmpedStatus.com.

I: Economic Imperial Operations

When we analyze our current crisis, focusing on the past few years of economic activity blinds us to the history and context that are vital to understanding the root cause. What we have been experiencing is not the result of an unforeseen economic crash that appeared out of the blue with the collapse of the housing market. It was certainly not brought on by people who bought homes they couldn’t afford. To frame this crisis around a debate on economic theory misses the point entirely. To even blame it on greedy bankers, while essentially accurate, also misses the most vital point.

This crisis is the direct result of a strategic economic attack on the existence of a middle class and democracy worldwide....

Source: London Telegraph

America and Europe face the worst jobs crisis since the 1930s and risk “an explosion of social unrest” unless they tread carefully, the International Monetary Fund has warned.

Full article here...

Source: Activist Post

By David Redick

The creation of fiat official government money has had a profound effect in history and on our nation and the world today. “Fiat” means it is worth whatever the government says it is (its face value), although the material of which it is made may have more or less intrinsic market value.  Examples would include both valuable silver dollars and worthless paper, each declared to be worth $1; and today’s American Eagle bullion coin with a face value of $50 for one ounce of gold. 

Normally, when a country creates too much fake money, sellers avoid it for payment, or stop buying its bonds due to its falling value, and the party is soon over. However, the U.S. is in a unique position never seen in the history of the world. Our fiat paper money is the primary de facto world’s “reserve currency” (anyone will accept it for payment and keep it as cash, or as a dollar-denominated asset; banks keep it as their reserves, like gold). We can create new money out of thin-air, and sellers of goods and services worldwide will accept it....