Author Archives: CRONKITE
Cheers on your weekend!
“The desperation of the Anglo-American leadership, guided by the steady corrupt banker hands, has never been more acutely high, nor obvious in full view. The entire Ukraine situation is a travesty. It includes Langley agents killing police and street demonstrators from rooftops, the confirmation coming from the Estonian Embassy (translation of scripts). It includes thefts of official Ukrainian Govt funds, again sent to the Swiss hill sanctuary. It includes sanctions delivered by a US Paper Tiger, sure to cause horrific backlash. It involves the last gasp attempt to obstruct the Gazprom energy pipelines, which will inevitably corner the European market in monopoly. It involves subterfuge with the NATO card (aka Narcotics And Treachery Outlaws) with missiles placed on the Russian borders. Look for NATO members to find a back door to exit the spurious treaty. It involves playing with nitro-glycerine in the Petro-Dollar room. It involves putting tremendous risk for much more clear isolation of the United States. The more the USGovt pushes, the more the US will be isolated. Remember that Nazis steal from their enemy states, de-fraud from their allied states, and force themselves into an isolated state. In Ukraine, the United States has over-played its weak hand. Already, a secret document was leaked in London that the UKGovt would not support the US-led sanctions against Russia.
History repeats itself from the Kremlin phone calls made during the Syrian conflict just a few months ago, when the UKGovt withdrew its support and left the US isolated, looking very weak. Already, Putin has threatened to dump USTreasury Bonds. Putin aptly calls the Anglo-Americans as Mutants. Imagine the lunacy of trying to cut off the only Russian warm water military naval port in the Crimea. Just as stupid as the Trans Pacific Partnership faux pas, trying to cut off China from its Asian neighbors and partners in trade. The intelligence level of the USGovt has never been more stupid, destructive, and in full view. The lost ground for the United States is obvious and glaring in the Persian Gulf, the Mediterranean Sea, and the Caucasus region.
IMMEDIATE PETRO-DOLLAR RISK
If the Kremlin demands Gold bullion (or even Russian Rubles) for oil payments, then the interventions to subvert the Ruble currency by the London and Wall Street houses will backfire and blow up in the bankster faces. Expect any surplus Rubles would be converted quickly to Gold bullion. If the Chinese demand that they are permitted to pay for oil shipments in Yuan currency, then the entire Petro-Dollar platform will be subjected to sledge hammers and wrecking balls. The new Petro-Yuan defacto standard will have been launched from the Shanghai outpost. If the Saudis curry favor to the Russians and Chinese by accepting non-USDollar payments for oil shipments, then the Petro-Dollar is dead and buried. The rise of the Nat Gas Coop run by Gazprom is in progress, its gas pipelines to strangle the OPEC and its bastard Petro-Dollar child. The entire USDollar foundation with the USTreasury Bond bank reserve structure is at risk is collapsing, as consequence to the desperate adventure and criminal activity conducted in Ukraine.Just like with Syria, a hidden giant energy deposit is concealed under the table. Off the Lebanese and Syrian coast, a massive off-shore energy deposit was recently discovered. The US & UK & Israeli oligarchs wish to take it all. Confusion is their game. In the western plains of Ukraine, a massive gas deposit was recently discovered. The US & European oligarchs wish to take it all. Confusion is their game.
The danger level has never been higher. No resolution to the Global Monetary War can come, which we have been seeking, without a climax. It is hardly just a financial crisis amidst a stubborn economic recovery. The nature of the currencies and their underlying sovereign bond foundation is highly toxic, which requires a strong replacement as solution, using an alternative to the USDollar alongside its reserve ledger item the USTreasury Bond. A return to the Gold Standard is coming, but the birth will have loud pangs and possibly broad damage suffered. The Global Currency Reset is better named the Return to the Gold Standard. The United States and London will not give up their control of the Weimar Printing Press easily, used for elite self-dole of extreme wealth. It has served well as the Elite credit card. They will not go quietly, and assume their place in the backwater without taking the world to the brink. No climax can occur without enormous risk and loss. The Global Paradigm Shift is in full gear, with attendant risk huge here and now. My Jackass firm belief is that the US/UK fascist team face a Waterloo event in Ukraine, the victim to be the Imperial Dollar. This bulletin will not be a comprehensive note, as the situation is too vast. The information in the Hat Trick Letter is used to interweave a story of the impending removal of the USDollar from its corrupt throne.
UNITED STATES TRAPPED AND CORNERED
The Anglo Americans have fallen into a carefully designed trap by the Russians and Chinese in a clever designed sequence. More Sun Tzu tactics have been put into practice, which utilize the momentum from the enemy to be thrust back on them. Planning for final steps must have taken place during high level Putin meetings with Xi from the elite Sochi viewing box. The unfolding of events has been more carefully engineered and orchestrated than what appears. The US/UK team has been caught in a vise for months, as the rejection of the USDollar as global reserve currency is in high gear, the refusal of the USTBond a recognized trend in diversifications. The death process is slow and grueling. Much of the American Hemisphere is surrounded and controlled by Russia & China, whether the canal, the port facilities, the oil supply, the mineral deposits, even Yuan Swap facilities. Africa has largely gone under Chinese control, with Russia playing a hidden role as well.
The Persian Gulf is in transition, with the critical protectorate role shifting to China. The Qatar royals have just ordered a dismissal of USGovt ambassadors from their nation. Note that Qatar is the site of a giant USNaval base. To be sure, the Sochi Olympic Games are over, a successful event. The gloves have thus come off. The risks have reached acute levels. The US leadership seems cavalier to the risks that over half the USGovt debt is in foreign hands, over 30% of it in Russian & Chinese hands. A severe backlash cometh. The most vulnerable player in the room is the most aggressive, arrogant, vile, and obnoxious. The instability of the situation is far beyond acute. The victim will be the USDollar and its sidekick the USTreasury Bond. The USTBonds will be kicked out of the global banking system. The Third World awaits the United States, for its domestic betrayals, its financial failures, its criminal deeds, and its war aggression.
THE RUSSIAN BACKLASH TO BE SUDDEN
Russian President Vladimir Putin will slam the West, and very soon. The initial salvo might be a natural gas cutoff by Gazprom, the Russian giant which has fast moved into the global monopoly position. Eventually, Putin might demand gold payment for the natgas in the captured pipelines, that being the plan according to The Voice. Russia supplies one quarter of Western European gas needs. It will be the opening salvo for Gold Trade Settlement, for which the Iran workarounds to the sanctions provided the critical prototype. Combined with a formal announcement of USTreasury Bond sales in volume by Russia & China, the impact would be tremendous, even devastating. The reverberation will be soon seen as the pending demise of the defacto Petro-Dollar Standard, dictated by crude oil sales in USD terms. It will also be soon seen as the end of the USTBond as the global reserve standard in banking systems. Notice for over two years, the primary buyer of USGovt debt (and its refunded rollover) has been the US Federal Reserve via bond monetization, an absolute heresy to central banking. Hyper monetary inflation cannot stand as fixed policy. The world has responded by constructing an alternative to trade settlement. The forum has been the BRICS conferences and the G-20 Meetings of finance ministers. The US & UK will gradually be excluded from both forums, a process well along. Even traditional allies like Japan are buying gold in high volume, with suppressed lowball data so far. This is game over for the USDollar, the direct victim of Ukraine backlash. The war against Russia has been veiled, but the Jackass has exposed it.
VEILED ATTACKS AGAINST RUSSIAN GAZPROM
First was the attack against Russian Gazprom in Cyprus. It was a hidden attack made to look like a bank confiscation event. Notice no bank account confiscations outside the small but important island nation. The entire Russian banking clearance system had been done through Cyprus. Also, Russia was making significant transactions to purchase Gold bullion using Cyprus as clearing house for the purchases. Second was the attack against Russian Gazprom in Syria, another complicated event. The US had used the Libyan Embassy as a weapons running facility (major diplomatic violation), after which the US lost Egypt as a transfer station on the weapons running. The false flag attack in Syria was made to look like a chemical weapons event. However, the Saudis were the guilty party. The motive by the US was to block the advance of Russian Gazprom pipelines, which are to connect to the vast Iran supply centers. Iran has far more oil & gas than Iraq. In fact, Iran is the linchpin nation, which will throw its support toward Russia. Iran will push the Nat Gas Coop certain to eclipse Saudi Arabia and the loud gaggle of OPEC members. With the Russian Gazprom, together Iran and the Nat Gas Coop will usher in the Petro-Yuan Standard and bury the Petro-Dollar, the price set by Russia, the contracts set in Shanghai. Thus the Saudis will be expendable, and their Gold in London to be totally stolen.
Move to the present. Third was the attack against Russia Gazprom in Ukraine, done by the CIA and its partner security agents from the small ally nation on the SouthEast Med corner. The old game of destabilization, popular uprising, bank thefts, and now data files stolen has been put into action. The theft of significant funds in Ukraine has only started, funds gone to Swiss banks. The full betrayal will be seen soon. The US & UK have a lunatic plan to corral the Ukraine pipelines and possibly the vast farmlands of Ukraine. The wrong-footed plan will backfire, when Putin cuts off the natgas supply to Europe, when Putin demands a new type of energy supply payment structure, and when Putin engineers certain other steps. They might execute a Nat Gas Coop double in price, much like the OPEC event in 1973. Witness the upcoming Birth of the Eurasian Trade Zone, the birth pangs heard in Ukraine. The United States and Great Britain will not be included. The Eurasian Trade Zone will span 14 time zones and will settle in gold.
IRAN WORKAROUND AS KEY PROTOTYPE SOLUTION
The Anglo Americans have disrupted a key nation with longstanding historical and religious ties to Russia. The land of Ukraine also contains Russia’s only warm water naval port in the Crimea, the site of a recent suspicious earthquake. The response will be swift and firm. The Eastern nations (led by China & Russia) have been making detailed preparations in the last couple years to launch the alternative trade system founded in Gold Settlement. Its launch lacks a potential open door trigger, possibly offered by the Ukraine situation. The Gold Standard could return in a baptism by fire. The open door trigger appears to be the Western interventions into Ukraine, since the Western banking structures will not be permitted to collapse, the ugly reality. The abuse of the central bank monetary expansion and fraudulent bond redemption has gone totally out of control, forcing an endless cycle of alternative preparations and motivated reactions, including the Iran workaround with Turkey as intermediary in gold provision. Other attacks have taken place in the last few months against the Russian Ruble by Wall Street firms. The reaction will possibly be the launch of what could eventually be understood to be a gold-backed Ruble currency, combined with natgas cutoffs to Europe and USTBond dumps. At first it could be perceived as the oil-backed Ruble, but its quick hidden conversion to Gold bullion could be revealed later on. The USDollar will be discarded as obsolete, even toxic. The USDollar debt basis might be widely accepted to be the cause of the global financial crisis, and the USFed Quantitative Easing be widely understood to be the cause of the global financial collapse.
EUROPE AS KEY REGION TO TIP EASTWARD
Events inside Western Europe could unfold rapidly…….”
UPDATE: It’s happened – China has suffered its first domestic corporate bond default as Chaori fails to meet interest payments on schedule and rather more surprisingly failed to receive a last-minute mysterious or otherwise bailout…
- *CITIC BANK WON’T HELP CHAORI MAKE INTEREST PAYMENT: 21ST HERALD
- *SHANGHAI CHAORI DEFAULTS ON BOND INTEREST PAYMENTS, WSJ SAYS
But hey don’t sweat it, Moody’s think it’s great news…
- *MOODY’S: DEFAULT BY CHAORI SOLAR WOULD ADVANCE CHINA’S BOND MKT
Maybe tell the issuers that couldn’t get their deals off today!!!
Of course what they mean is – maybe the market will finally start pricing in some real risk…
“Over the past few years, municipal governments and banks in China have stepped in to help distressed companies meet their bond payment obligations. These bailouts have led some investors to overlook the fundamental credit risks in bonds,” says Ivan Chung, a Moody’s Vice President and Senior Credit Officer.
“A default would likely make investors recalibrate their risk-return consideration for onshore bonds. Credit risk would play a more important role in pricing, thereby making the bond market more efficient in the allocation of capital,” adds Chung.
Chinese stocks are not happy
and there are a lot to come…
As Bank of America reports in an analysis by David Cui, the Trust defaults are about to get hot and heavy….”
“MOSCOW—Russia’s upper house of parliament will support Crimea in its bid to join the Russian Federation, the speaker of the upper house of parliament said Friday.
“If the people of Crimea decide to join Russia in the referendum, we, as the upper house, will certainly support this decision,” Valentina Matvienko said at a meeting with Vladimir Konstantinov, his counterpart in the Crimean parliament.
A delegation from the Crimean peninsula were in Moscow to meet parliamentarians who warmly welcomed the guests and signaled their willingness to support the neighboring region.
Later Friday a group of military and civilian personnel from the Organization for Security and Cooperation in Europe are making another attempt to enter the Crimean peninsula, after being stopped at two border checkpoints the day before, a spokesman for the organization said.
“The group is on their way from Kherson, where they spent the night, and is heading to a checkpoint in the area of a village called Chungar,” Shiv Sharma said, adding that the group of about 40 people is scheduled to arrive around 1330 local time (1130 GMT).
The group, from 22 of the OSCE member states, is traveling to Crimea to assess the situation on Ukraine’s Black Sea peninsula from a military perspective…..”
“The current crisis is not about Crimea. It is about the rights of Russian-speakers throughout Ukraine whom the Kremlin wants to protect from violence and discrimination. Russia does not want a military intervention in Crimea and does not want to take Crimea from Ukraine.
There is a political solution to this crisis. First, create a coalition government in Kiev composed of all parties, including those from the east and south of the country. The current government is dominated by anti-Russian extremists from western Ukraine.
Second, Ukraine needs to draft a democratic constitution that has guarantees for Ukraine’s Russian-speaking population that would grant official status to the Russian language and establish the principle of federalism.
Third, presidential and parliamentary elections must be held soon. Independent election observers must play an active role in ensuring that the elections are free and fair. There is a real danger that they will be manipulated by the neo-Nazi militants who de facto seized power in a coup.
If these democratic and peaceful solutions to the crisis in Ukraine are rejected by the opposition forces that have seized power in Kiev, I am afraid that Russia will have no other choice but to revert to military means. If the junta leaders want to avoid war, they need to adopt Moscow’s peaceful and democratic proposals and adhere to them.
Those currently in power in Kiev are carrying out a political strategy that is not so much pro-European as it is anti-Russian, as evidenced by the surprisingly heavy-handed tactics the U.S. and European Union have employed in Ukraine. In the end, a minority executed a violent coup that removed the democratically elected and legitimate president of Ukraine.
The Kremlin believes that the current Ukrainian leadership will manipulate the elections planned for May 25 to install a single leader or coalition government functioning much as former Georgian President Mikheil Saakashvili did in Tbilisi. A ”Ukrainian Saakashvili” will unleash an even more repressive campaign of intimidation against Russian-speakers, one that over several years would stoke anti-Russia hysteria among the general population.
After that, Kiev may evict Russia’s Black Sea Fleet from Sevastopol and purge Crimea of any Russian influence. Ukraine could easily become a radicalized, anti-Russian state, at which point Kiev will fabricate a pretext to justify taking subversive action against Moscow. This looks especially likely considering that ruling coalition members from the neo-fascist Svoboda and Right Sector parties have already made territorial claims against Russia. They could easily send their army of activists to Russia to join local separatists and foment rebellion in the North Caucasus and other unstable regions in Russia. In addition, Russia’s opposition movement will surely want to use the successful experience and technology of the Euromaidan protests and, with the help and financial support of the West, try to carry out their own revolution in Moscow. The goal: to remove President Vladimir Putin from power and install a puppet leadership that will sell Russia’s strategic interests out to the West in the same way former President Boris Yeltsin did in the 1990s.
The official census puts the Russian minority in Ukraine at 16 percent of the total population, although that number was falsified. The actual number is closer to 25 percent. Surveys indicate that 45 percent of the country’s population speak Russian at home, 45 percent speak Ukrainian and 10 percent speak both languages. In the most recent Gallup survey….”
“Amid simmering tensions between the US and Russia over the crisis in Ukraine, US Navy officials say a US guided-missile destroyer which is en route to the Black Sea has been sent there on a “routine” deployment.
According to the US Navy, the USS Truxtun departed the Greek port of Souda Bay on Thursday for joint training with Romanian and Bulgarian forces, AFP reported.
“While in the Black Sea, the ship will conduct a port visit and routine, previously planned exercises with allies and partners in the region,” the US Navy said in a statement.
Despite the US Navy’s assertion that the move is a “routine” deployment, it comes one day after the Pentagon announced plans for expanding aviation training in Poland and sending more F-15 fighter jets to police the skies over Baltic states.
Tensions between Washington and Moscow have intensified over the recent political crisis in Ukraine….”
“A former US Senate foreign policy analyst describes Washington’s decision to impose sanctions on a number of Russian and Ukrainian individuals as a “dangerous” move which can only “turn up the heat” with regard to the crisis in Ukraine.
“I think that there is a fundamental choice in front of the United States and Europe in dealing with the crisis in Ukraine. It really boils down to: Do we try to find a political solution that would reconcile the different parts of Ukraine with one another?” asked James Jatras in an interview with Press TV on Thursday.
US President Barack Obama signed an executive order on Thursday imposing a ban on visas and property of individuals whom the United States accuses of violating the sovereignty and territorial integrity of Ukraine.
The US restrictions come after the local administration of Ukraine’s strategic Crimea region called for a referendum on March 16 in order to decide whether the autonomous region should join Russia or not…..”
“Philadelphia Federal Reserve President Charles Plosser is “very worried” about the potential for unintended consequences of the Fed’s massive quantitative easing program.
Plosser told CNBC that the U.S. was still suffering from “lasting effects” of the recession and “may never return” to its previous growth rates – and warned that policy should not bet on growth returning to previous rates, saying it could be “many, many years”. …”
“…..U.S. employers planned to cut payrolls by 41,835 in February, down 7.3 percent from January’s 45,107 planned layoffs, according to a report by Challenger, Gray & Christmas. The February cuts compared with 55,356 planned cuts in the year-earlier month, down 24 percent…..”
“While the world is convinced that Putin’s Tuesday press conference was an admission of blinking to the west, the reality is anything but that, and hours ago Crimea’s parliament voted to join Russia on Thursday and its Moscow-backed government set a referendum within 10 days on the decision in what Reuters said is a “a dramatic escalation of the crisis over the Ukrainian Black Sea peninsula.” To be sure, the Crimea – which has an ethnic Russian majority – affiliation to Moscow as opposed to Kiev is well-known, yet still the sudden acceleration of moves to bring Crimea formally under Moscow’s rule came as European Union leaders gathered for an emergency summit to seek ways to pressure Russia to back down and accept mediation. And now all Putin has to do is sit back and say the people have spoken and without spilling a drop of blood has effectively split the country in two parts, with the entire east of Ukraine, where pro-Russian sentiment also runs high – sure to follow Crimea. Just as we said from the very beginning.
The Crimean parliament voted unanimously “to enter into the Russian Federation with the rights of a subject of the Russian Federation”. The vice premier of Crimea, home to Russia’s Black Sea military base in Sevastopol, said a referendum on the status would take place on March 16. The announcement, which diplomats said could not have been made without Russian President Vladimir Putin’s approval, raised the stakes in the most serious east-west confrontation since the end of the Cold War.
Far from seeking a diplomatic way out, Putin appears to have chosen to create facts on the ground before the West can agree on more than token action against him.
EU leaders had been set to warn but not sanction Russia over its military intervention after Moscow rebuffed Western diplomatic efforts to persuade it to pull forces in Crimea, with a population of about 2 million, back to their bases. It was not immediately clear what impact the Crimean moves would have.
European Commission President Jose Manuel Barroso said in a Twitter message: “We stand by a united and inclusive #Ukraine.”
French President Francois Hollande told reporters on arrival at the summit: “There will be the strongest possible pressure on Russia to begin lowering the tension and in the pressure there is, of course, eventual recourse to sanctions.”
To be sure, the new Kiev government – which may or may not have killed its own citizens in order to rise to power while blaming the atrocities on Yanukovich as described yesterday - has responded in kind to how Putin views them, and declared the referendum illegal and opened a criminal investigation against Crimean Prime Minister Sergei Askyonov, who was appointed by the region’s parliament last week. The Ukrainian government does not recognise his authority or that of the parliament. Still, it is by now far too late for Kiev to enforce its will in Crimea.
In the meantime…”
“Even though 14 out of the surveyed 54 economists expected a rate cut of some sort, and some were even calling for an outright QE any minute now, this time the majority of academics, or 40 of them, were right and the ECB proceeded with no changes to its various interest rates.
From the ECB:
At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.25%, 0.75% and 0.00% respectively.
The President of the ECB will comment on the considerations underlying these decisions at a press conference starting at 2.30 p.m. CET today….”
“This may seem like a far out idea, but is it possible that our thoughts create fields of information that go into the Global Mind we share? Is it possible our thoughts might create ‘thought fields’ that can interact with the thought fields of others? There is a fascinating phenomenon in science known as the ‘multiples effect’. The multiples effect if when multiple people geographically isolated from one another come up with the exact same discovery at the exact same time. By 1922, there had been 148 major scientific breakthroughs identified to have been discovered in such a way. Here are just a FEW examples:
- Evolution (Darwin and Wallace)
- Calculus (Newton and Leibniz)
- Decimal fractions – 3 people
- Sunspots – 4 people in 1611
- Law of conservation of energy – 4 people in 1847
- Steamboat – 4 people
- Telescope – 9 people
- Thermometer – 6 people
Is it really possible that all 148 major discoveries happened at the exact same time coincidentally by people who were not sharing their ideas with each other? Imagine two people completely geographically isolated from each other working on the same problem at the same time. They are each intently working on the same exact dilemma, with their thoughts floating around in the consciousness field energetically interacting with each other. It’s kind of like the experience we all have with our friends where we know what they are going to say right before they say it.
CONSCIOUSNESS IS NON-LOCAL.
Below is a picture of pyramids build in three separate ancient cultures geographically isolated from one another. There is no possible way these cultures would be able to communicate with one another, yet the pyramids they build are exactly alike. Is this sheer coincidence?
” “Slavery is the legal fiction that a person is property. Corporate personhood is the legal fiction that property is a person.” -- Anonymous
In 2010 the NeoConservative, pro-corporate, anti-democratic Roberts’ 5/4 Supreme Court’s decided in the Citizens United vs. Federal Election Commission ruling to grant personhood to corporations by allowing unlimited, anonymous monetary contributions to political campaigns and candidates. This ruling, called by many to be the worst Supreme Court decision of the past century, has emboldened the already powerful and corruptible multinational corporations (that now have achieved dominion over US politics as well as the economy) to “buy” any number of politicians and brain-wash voters by multi-million dollar ad campaigns that the rest of us can’t afford to counter in state and national elections.
The US Supreme Court has thus made legal the absurd notion that inanimate corporations like PolyMet and GTac (potential despoilers of northern Minnesota and northern Wisconsin’s irreplaceable wetlands, aquifers and aboriginal land and water rights) deserve the same privileges (but not the same responsibilities) as living humans.
After the ruling came down, there was only a brief bit of outrage from the so-called national leadership of our essentially “one-party system” (one-party, that is, when it comes to the GOP and Democratic Party’s corporate and militarist agendas). What outrage was expressed was quickly drowned out by a well-timed, mainstream media-orchestrated “tempest in a teapot”, namely Toyota’s recall of tens of thousands of accelerator pedals (that had only infrequently been the cause of significant accidents).
What Should be the Punishment for Corporate Entities That Plunder and Pillage?
The following question about the consequences of the Supreme Court’s democracy-threatening decision must be asked:
If corporations are given the privileges of personhood, shouldn’t they also bear the same responsibilities and incur the same punishments as individuals when they commit crimes, poison the water and air or rape the land?
Peace and justice activists applauded when the citizens of Shapleigh, Maine protected their water rights last year from the insatiable water-extracting corporate giant Nestle. (See video and more information on this episode at: (http://www.afterdowningstreet.org/node/40335).
Nestle, one of the many multinational corporate exploiters, has no allegiance to Maine, Minnesota or Wisconsin or any other state where this foreign entity tries to extract water or minerals that never were theirs to begin with. But when the minerals have been depleted and the water has been polluted or drained, Nestle, PolyMet and GTac will be gone, and so will Exxon/Mobil, British Petroleum, Halliburton, Deep Water Horizon, British Petroleum, Coca-Cola, Perrier or whatever other corporate intruder that ruthlessly extracts or poisons the people’s resources — all for the economic benefit of their faceless investors, shareholders and CEOs at their out-of-state corporate headquarters, none of whom will have to live with the poisoned environment that they have left behind.
The good citizens of Shapleigh recognized the foxes that tried to get inside their henhouse, and they did the right thing by vigorously resisting; and another underdog David — with a lot of justice, a lot of pluck and a little luck on his side — won a rare victory against another evil giant.
Move to Amend: Overturning Citizens United
That small victory against injustice should illustrate what must be done if American democracy is ever to thrive again. The outrageous Citizens United decision must be overturned with a constitutional amendment. (See www.movetoamend.org for more.) The future of the nation, our children, the planet, our drinking water, natural habitat and aboriginal rights are all at stake. And exploitative corporations, just like other sociopathic entities, don’t seem to care.
It is important to understand that the allegiance of big corporations is to its investors, shareholders, executives and management teams, and not to the people whose lives and health depend on the sustainability of the land, water, air and food supplies.
Most corporate shareholders and executives from multinational corporations that are part of Big Pharma, Big Food, Big Agribusiness, Big Oil, Big Finance, etc are motivated by profits and not the common good, and therefore they are not concerned when local resources are used up and the struggling, degraded communities are left behind to fend for themselves (after being fooled into trusting non-human corporations that are inherently untrustworthy [see below]).
”Trust us: We’re the Experts; Toxic Sludge is Good for You; We’ll Clean up After Ourselves” — and Other Corporate Lies
Conscienceless mega-corporations that swoop down on unsuspecting people and naïve governmental bodies, usually ask them to “trust us” and that — at some time in the uncertain future – they will un-poison the often permanently-toxified environment that they secretly intend to just leave behind. The people, understandably desperate for jobs, are usually fooled into believing well-crafted disinformation that is cunningly delivered — until it is too late and the mess that is left behind is no longer the sneaky corporation’s problem. It’s an old con.
Promises made during the courtship phase are likely to be broken with impunity when these foreign corporations are forced to pull-out, merge with other entities or file for bankruptcy. Silver-tongued experts from out of state are very good at getting us rubes up north all starry-eyed over temporary jobs, jobs, jobs while discounting the huge risks of permanent dead and dying zones being created because of their poisonous chemicals.
Wal-Mart, Coca-Cola and Union Carbide/Dow Chemical and Henry Kissinger
A good example of the many tax-avoiding American mega-corporations is Wal-Mart. A large portion of its profits go to a handful of Walton family billionaires in Arkansas. Wal-Mart successfully — and legally — avoids paying for healthcare insurance and other benefits for most of their exploited, underpaid, part-time employees, who are also victims of the corporation’s notorious union-busting policies.
US taxpayers are left holding the bag while Wal-Mart legally avoids what should ethically be their corporate responsibility: to be fair to their employees. Wal-Mart’s notorious below-subsistence level wages forces many of their workers to work a second or third job and also seek welfare benefits — a cunning cost-shifting tactic that places economic burdens on the tax-paying public.
Another example is Coca-Cola. Coke depends on water that it extracts from any water source or aquifer from which the corporation can economically extract it, including, as a particularly egregious example, the aquifers that are situated beneath thirsty, struggling, starving (and then suicidal) farmers who are losing their farms in newly drought-stricken India.
Millions of gallons of water, that have traditionally been used for farmland irrigation systems, are being depleted by Coca-Cola in order to meet the artificial demand that has been created for the sweet, sugary, caffeinated (and therefore addictive), nutritionally useless, obesity-inducing and diabetes-producing soft drink that contains a few cents worth of ingredients and then is sold to poor people everywhere for as much as the market will bear.
Coke’s predation of poor people in India and elsewhere brings to mind another corporate crime that has never been brought to justice. The infamous 1984 Union Carbide cyanide catastrophe in Bhopal, India that killed 25,000 slum-dwellers, left 100,000 permanently poisoned victims whose lives were ruined, and has left uncounted numbers of people living on poisoned soil, drinking poisoned water and breathing poisoned air.
Every person that has been exposed to……”
Spindoctors will not stop spewing garbagio: Hillary Clinton Compares Russia to Hitler
“In World War II, the United States fought against rabidly anti-Semitic fascists. In 2014, the United States helps them overthrow democratically-elected governments. And the sick thing is that the mainstream media is acting an an accomplice because it is purposely ignoring or greatly playing down the rabid anti-Semitism in Ukraine. The anti-Semitism of many of the “reformers” that have seized power in Kiev does not fit with the narrative that the U.S. government is trying to push, so the mainstream media conveniently turns a blind eye to the fact that the United States is essentially helping neo-Nazis take power. In fact, leaders of the Svoboda Party have been appointed to numerous important positions throughout the new government. As you will read about below, the head of the Svoboda Party has denounced the “criminal activities” of “organized Jewry”, another top Svoboda official regularly quotes Joseph Goebbels, and the Party itself was known as “the Social-National Party” (in reference to National Socialists) until 2004. There is a long history of anti-Semitism in Ukraine, but our politicians in Washington D.C. don’t seem to care about that. All they seem to care about is making sure that there is not a pro-Russian government in Ukraine no matter what the cost.
There is a reason why Russian President Vladimir Putin cited “ultranationalists” as one of the reasons why Russian troops had to intervene in Ukraine. What we are seeing in Ukraine right now is eerily reminiscent of what we saw in Nazi Germany before World War II. The following comes from a recent Gawker article…
Earlier this week, a synagogue in the country’s southeast was firebombed. There have been multiple reported beatings of Jews and acts of vandalism at Kiev synagogues. A leading rabbi in Kiev has called for Jews to leave the city and the country, if possible—though he later said he was stressing that it’s dangerous for everyone out there—and the Israeli embassy has reportedly advised members of the Jewish community to stay off the streets.
Some people are dismissing these as “isolated incidents”. Well, then how do you explain the white power flags and other neo-Nazi symbols that have been going up all around Kiev? In the video posted below, you can see a white power flag that has been erected in a city government building in Kiev…”
“The 4th of July is a great time to celebrate our independence from Great Britain and to remember all of the sacrifices that our forefathers made to make this country great. But is America still great today? Have we squandered our inheritance? Have we wrecked the great nation that previous generations handed down to us? Those may sound like harsh questions, but the truth is that most Americans know that the United States is in decline. In fact, a recent Rasmussen survey found that 49 percent of all Americans believe that the best days of America are in the past and only 35 percent believe that the best days of America are in the future. Those are staggering numbers, and they are an indication that we need to take a good, long look at ourselves in the mirror. Did we lose our way somehow? If so, can we find our way back to where we were before? We are a nation which is in trouble physically, mentally, emotionally, spiritually and financially. Our house is crumbling and our foundations are rotting away. We are in desperate need of national renewal. The following are 36 embarrassing categories in which America leads the world…
#1 Of all the major industrialized nations, America is the most obese. Mexico is #2. Back in 1962, only 13 percent of all Americans were obese. Today, approximately 36 percent of all Americans are obese.
#3 America is tied with the UK for the highest average number of hours spent watching television each week.
#4 More people have been diagnosed with mental disorders in America than anywhere else.
#5 America has the highest divorce rate in the world by a good margin.
#6 America has the highest percentage of one person households on the entire planet. According to the Pew Research Center, only 51 percent of all American adults are currently married. Back in 1960, 72 percent of all adults in the United States were married.
#8 America has the highest motor vehicle death rate on the globe.
#9 Americans spend more time sitting in traffic than anyone else in the world.
#10 America has the largest trade deficit in the world every single year. In fact, nobody ever comes close. That means that we buy far, far more stuff from the rest of the world than they buy from us. Overall, the United States has run a trade deficit of more than 8 trillion dollars with the rest of the world since 1975. That 8 trillion dollars could have gone to support U.S. workers and U.S. businesses, but instead all of that money left the country. We constantly have more money leaving the United States than coming into it.
#11 Americans have more student loan debt than anyone else in the world.
#12 Americans have more mortgage debt than anyone else in the world.
#13 Americans have more credit card debt than anyone else in the world.
#14 America leads the world in illegal immigration. And according to the Washington Times, since the year 2000 the number of jobs held by immigrants has grown by more than 5 million while the number of jobs held by native-born Americans has actually decreased…”
“BEIJING—China’s leaders kept the growth target for their giant economy unchanged but signaled that they are more concerned than ever about reaching it, giving themselves the option of letting credit flow freely to keep from falling short.
The suggestion of more lending to buoy growth—despite repeated recent efforts to rein in debt—is the latest sign of government unease that a slipping economy could trigger higher unemployment and corporate failures, aggravating already high social tensions.
For years, China kept a growth target of about 7.5% but actually grew far faster; in the last two years the economy has barely cleared that figure, and many economists have said it would have a tougher time meeting the goal this year as its economy matures and global demand for its exports comes under pressure. That is a troubling trend for the rest of the world, which has increasingly depended on China to fuel the global economy.
At home, as well, the Chinese regime has felt pressures that can be exacerbated by a slowing growth rate. Last week the government set up a committee to improve cybersecurity and police the Internet, upsetting some middle-class Chinese who have taken to social media. Over the weekend, assailants rampaged through a provincial railway station, killing 29 in what the government says was the work of separatists from the northwestern Xinjiang region.
Chinese Premier Li Keqiang delivers the government work report during the opening meeting of the second session of the 12th National People’s Congress. ZUMAPRESS.com
In opening the annual session of the national legislature Wednesday in the Great Hall of the People, the leaders and the more than 2,900 delegates stood for a moment of silence to honor the victims of Saturday’s knife attack.
In his work report to the National People’s Congress, Premier Li Keqiang said government spending is being increased by more than 9%, with a push to build more public housing, and the overall fiscal deficit is projected to rise more than 12%.
Mr. Li called for a “balanced” monetary policy, in a change from the “prudent” monetary policy used last year. The slight wording change allows the government to loosen credit, a move that economists have said would likely give a short-term boost but worsen the growing credit problems plaguing local governments and the shadow-banking market.
Economists are bracing for trust and bond defaults this year and greater market volatility given the number of debt-plagued companies close to the edge. A third of the outstanding 4.6 trillion yuan ($750 billion) trust loans are due to mature this year, which many struggling firms rely on for capital…..”
“Threats by the U.S. and European powers to impose tough sanctions on Russia over its incursion into Ukraine have run into a difficult economic reality: The West has as much at stake as Moscow.
While sanctions were central to international efforts to exert pressure on countries such as Iran and Myanmar in recent years, Russia’s sheer size and economic entanglement with the West make it much harder to isolate.
Russian President Vladimir Putin answers journalists’ questions on situation in Ukraine on March 4.Associated Press
Russian President Vladimir Putin seized the point at a news conference on Tuesday in Moscow, warning that all sides would suffer if sanctions were imposed.
“Those who are thinking of imposing the sanctions should be the ones first of all to think about their consequences,” he said. “I think in the modern world, when everything is so interconnected and everyone depends on everyone else in one way or another, it’s of course possible to do some damage to one another, but it will be mutual damage.” …”
“Jeremy Siegel is one of the most famous market bulls, and he reiterated his positive take on Tuesday with a call for the Dow Jones industrial average to rise to 18,000. But he also mentioned two things that worry him right now: a potential lack of slack in the labor force, and commodity prices.
(Read more: We’re only in the bull market’s 4th inning: Siegel)
Siegel, a Wharton professor of finance, said on Tuesday’s episode of “Futures Now” that a sharp rise in commodity costs could change his take entirely.
“If I saw commodities really increasing in price—I mean, we’ve had a little bump in oil, we know why we had that yesterday, with the threat of war, and shutoffs of supply, and embargoes against Russia—but anything that sparks any inflation at all” is a serious concern, Siegel said.
(Read more: Ukraine tensions boost oil but resistance is strong)
“The commodity prices have been holding up better than I would think given the slowness in the economy. But if that started flaring up, not only is taper going to be maintained—it could be accelerated by the Fed,” Siegel said.
The issue is that the Federal Reserve‘s quantitative easing program, and its ultralow federal funds rate, both depend on low inflation. If rising energy prices suddenly spur inflation, then the Fed could be forced to pull back, potentially causing interest rates to spike and thus hurting the market.
“If we see some of these commodity prices rise up the way we did yesterday to continue to rise up,” then the Fed is “going to be geared” to cut back on quantitative easing and increase the federal funds rate.
For that reason, rising commodity prices “would be a concern for me,” Siegel said.
Siegel’s other concern, which also pertains to rising costs, is the labor force.
While many complain that the unemployment rate looks artificially low due to the unusually low participation rate, Siegel frets that it could actually be lower than the stated 6.6 percent….”