As James Palumbo put it in his recent article in the Daily Mail, “The news is so bad that the politicians don’t want the general public to know what’s going on”. I could not have put it better myself.
It goes without saying that we have been reporting the true scale and severity of the ongoing general breakdown crisis of the entire post-1971 floating exchange rate monetary system, without flinching in the UK Column for well over a year now. In contrast, the disinformation pouring from the vast majority of the mainstream media on this subject is equalled only by the magnitude of their lies, for example, in the run up to the Iraq War, the coverup of the true story of 9/11 and not to mention the latest international fiasco – “climategate“.
So, once again, with a due sense of weariness and fatigue, but nonethless for the benefit of the historical record, let us get at the core of these issues and tell the 100% unvarnished truth: the bailout of the banking system has solved precisely nothing. It has simply transferred the losses of the private sector onto the British taxpayer, who, more than any Polar bear in one of Al Gores ludicrous propaganda films, is an increasingly dwindling species, according to recent reports on the disgusting culture of benefit dependency that has taken over the formerly industrious nation of Great Britain. Nowhere was this demonstrated more starkly than in the secrecy surrounding the £62 billion worth of “loans” made to HBOS and RBS, facts that were outrageously witheld from the Lloyds Bank shareholders during their shotgun marriage to HBOS last year. In view of these disclosures, we have to ask if there ever was any real expectation that these loans would be repaid.
But as we have said repeatedly in these pages, by taking this course of action, our government, rather than “saving the world” as they so stupidly claim, have in fact doomed us all, themselves included. What is now assured is an accelerating collapse of the entire financial system, an event which is already well underway, as demonstrated by the impending sovereign debt default of Dubai World, which threatens to set off a chain reaction collapse in the sovereign debt markets in the days and weeks ahead. As these events unfolded last week, we heard reports of not-so-secret trips to London by the Dubai leadership in the days preceeding the very clearly carefully co-ordinated (i.e. timed around the Eid holiday in the middle east, and Thanksgiving in the US, so that their respective markets would be closed) announcement of the debt moratorium that Dubai had obviously just cleared with the City of London.
While there is always much speculation in these matters “on the street”, with some saying that other Arab states in the UAE may choose not to intervene in the crisis and instead simply seek to buy up what remains after the onrushing crash at firesale prices, what is now abundantly clear is that the carefully constructed illusion that all is well in the global economy and that “recovery is just around the corner” now that Gordon Brown and his banker chums have “saved the world” (although I might add, not quite yet from us useless eaters), the reality is far more serious than we are being led to believe. A sovereign debt default will have drastic implications on the international capital markets, as trading desks around the world weigh the risks of holding vast quantities of government debt, as opposed to more tangible assets like Gold. If a panic begins, which will be the next national currency and economy to get vapourised? Well, if Mr Palumbo is correct, we may not have to look too far for an answer to that question.
And so, as the global elite proceed against all public opposition with their plans for a one world government, a single world currency, global carbon taxes, and population reduction beyond the wildest dreams of the most fanatical of the malthusian cabal that has now been exposed as the core peddlers of the “global warming” hoax, as Lord Christopher Monckton has publicly said just this week, it falls to each of us to put the real issues squarely back on the table and bring these criminals and fraudsters to account.
The international monetary system is dead and must be put out of its misery immediately. Only a new global financial system, backed by the major economic powers of the planet, led by the United States of America, and in direct opposition to that emerging fascist superpower, the European Union, can save us now. Anything less, and it will be the bankers who put humanity through bankruptcy re-organization, rather than the other way around, and that, dear reader, is what the title of this article promises those who fail to heed our warning.
This post is tagged climate change, Copenhagen
This ending kicks ass, the last lines are particularly pertinent:
“The international monetary system is dead and must be put out of its misery immediately. Only a new global financial system, backed by the major economic powers of the planet, led by the United States of America, and in direct opposition to that emerging fascist superpower, the European Union, can save us now. Anything less, and it will be the bankers who put humanity through bankruptcy re-organization, rather than the other way around, and that, dear reader, is what the title of this article promises those who fail to heed our warning.”
[i]Well, if Mr Palumbo is correct, we may not have to look too far for an answer to that question.[/i]
It’s wearily inevitable that they will engineer some sort of sterling collapse in order to manoeuvre us into the Euro.
[i]Only a new global financial system, backed by the major economic powers of the planet, led by the United States of America, and in direct opposition to that emerging fascist superpower, the European Union, can save us now.[/i]
Out of interest, what shape do you envisage this ‘new global financial system’ taking? Would it include national currencies?
Harry
The new financial system will be based on sovereign nation states, and national banking via public credit. Implicitly, this means the EURO system will be abandoned and broken up, with individual member nation states returning to a sovereign national currency.
The international financial system itself will be based on the original intention of the post war Bretton Woods agreements, not the Keynsian monstrosity that was eventually implemented after the death of FDR.
This implicitly means exporting the American System of Political Economy and it’s constitutional intentions, worldwide. By such means, the era of independent central banking systems and monetarism will be brought to a very sudden and unceremonious end.
As should now be obvious, the formation of the EU as a unified power block was an intentional design to PREVENT this potential for a 4-power agreement between the USA, Russia, China and India, thus confronting the European banking establishment with a “checkmate” scenario. Remember, their system has crashed and the fight now is an existential one for the ruling families of Europe.
As of today (to be confirmed) it appears that their attempt to establish a world dictatorship at Copenhagen has failed, and thus, if sufficient resistance can be mobilized in the United States, as the AGW scam collapses under the weight of the fraudulent science and aggressive/dictatorial posturing from the EU powers, the opportunity to deal with the underlying global financial crisis is one step closer, if not yet on the table.
JM
[quote='John Morton' pid='3428' dateline='1261217884']
Harry
The new financial system will be based on sovereign nation states, and national banking via public credit. Implicitly, this means the EURO system will be abandoned and broken up, with individual member nation states returning to a sovereign national currency.
The international financial system itself will be based on the original intention of the post war Bretton Woods agreements, not the Keynsian monstrosity that was eventually implemented after the death of FDR.
This implicitly means exporting the American System of Political Economy and it’s constitutional intentions, worldwide. By such means, the era of independent central banking systems and monetarism will be brought to a very sudden and unceremonious end.
As should now be obvious, the formation of the EU as a unified power block was an intentional design to PREVENT this potential for a 4-power agreement between the USA, Russia, China and India, thus confronting the European banking establishment with a “checkmate” scenario. Remember, their system has crashed and the fight now is an existential one for the ruling families of Europe.
As of today (to be confirmed) it appears that their attempt to establish a world dictatorship at Copenhagen has failed, and thus, if sufficient resistance can be mobilized in the United States, as the AGW scam collapses under the weight of the fraudulent science and aggressive/dictatorial posturing from the EU powers, the opportunity to deal with the underlying global financial crisis is one step closer, if not yet on the table.
JM
[/quote]
This sounds like the Lyndon Larouche organization ?
“Only a new global financial system, backed by the major economic powers of the planet, led by the United States of America, and in direct opposition to that emerging fascist superpower, the European Union, can save us now”.
It seems to me that the USA is already a fascist superpower. Until that changes nothing is going to happen, in my humble opinion.[hr]
Witness this:
NuoViso: “War Promises” (Full lenth documentary)[hr]
Sorry can’t get that to work!
http://alethonews.wordpress.com/2009/12/18/911-war-promises/
Try that!
Hello John
I must admit alot of economics is confusing.I suppose it was meant to be that way because if everyone was made aware of how the present system operates there would be reveloution and the powers that be dont want that!
Whilst you are very correct it needs changing big time i fail to see given the nature of the system in USA and the status of the Federal Reserve how at this moment we can realistically expect Uncle Sam to come to the worlds rescue.
Regards
theplebian
[quote='theplebian' pid='3466' dateline='1261349762']
Hello John
I must admit alot of economics is confusing.I suppose it was meant to be that way because if everyone was made aware of how the present system operates there would be reveloution and the powers that be dont want that!
Whilst you are very correct it needs changing big time i fail to see given the nature of the system in USA and the status of the Federal Reserve how at this moment we can realistically expect Uncle Sam to come to the worlds rescue.
Regards
theplebian
[/quote]
The USA can only come to our rescue if the people their force the government to use the Constitution against the Federal Reserve system, and go back to the principles of physical economy that the nation was founded on.
[quote='mike' pid='3480' dateline='1261394609']
[quote='theplebian' pid='3466' dateline='1261349762']
Hello John
I must admit alot of economics is confusing.I suppose it was meant to be that way because if everyone was made aware of how the present system operates there would be reveloution and the powers that be dont want that!
Whilst you are very correct it needs changing big time i fail to see given the nature of the system in USA and the status of the Federal Reserve how at this moment we can realistically expect Uncle Sam to come to the worlds rescue.
Regards
theplebian
[/quote]
The USA can only come to our rescue if the people their force the government to use the Constitution against the Federal Reserve system, and go back to the principles of physical economy that the nation was founded on.
[/quote]
If they are not in a position to do anything in the USA at a time we manage to force the issue here what would be the options for us in that situation.What for example do you think of the action taken by Argentina a few years back which at first glance appears to buck the trend.I use this as an example that i found given for a possible alternative strategy at the end of an article that was looking at pressures facing certain european economies.Apologies if this link has already been posted. http://huffingtonpost.com/ellen-brown/eu-imf-revolt-greece-icel_b_389409.html
There are always useful things people in democratic countries can do, but the fundamental issue in Europe is the political system itself, being based on liberal parliamentary democracies, which are themselves ruled by private independent central banking systems.
This is not true of the USA, which, although it has been colonized by the European banking system with the establishment of the Fed, the Constitution expressly provides for the sovereign control and issuance of US currency.
The only hope the planet has is that the USA, in the midst of the insolvency crisis of the Fed and the entire international financial system, breaks with that system and returns to Constitutional forms of credit and national banking policy.
If this sounds like LaRouche, that is because I have been studying his ideas for over 5 years now and concluded some time ago that his is the only solution that will work.
He has now been proven correct with the passage of the Lisbon treaty, which creates a single central banking dictatorship across the entire EU. The only concert of power on the planet strong enough to confront the EU and dictate terms is the 4-powers of Russia, China, India and the US.
[quote='mike' pid='3368' dateline='1261073110']
By John Morton
The international monetary system is dead and must be put out of its misery immediately. Only a new global financial system, backed by the major economic powers of the planet, led by the United States of America, and in direct opposition to that emerging fascist superpower, the European Union, can save us now. Anything less, and it will be the bankers who put humanity through bankruptcy re-organization, rather than the other way around, and that, dear reader, is what the title of this article promises those who fail to heed our warning.
[/quote]
The raging paradoxes in the above text are simply blinding! Mr Morton would have done very well indeed to end his article at the point right before he states the above.
Danach was ich früher gelesen habe, konnte ich es einfach nicht glauben, wenn ich was nach oben steht gelesen hatte!