EDIT: See alsoJournal: Wall Street Scam Collateral Damage II
From a Source in Moscow (First Two Paragraphs Only)
Russian trade ministry officials are reporting to Prime Minister Putin today that China is preparing to plunge the United States and European Union into the “dustbin of history” as major World economic powers over their, the West’s, deliberate collapsing of the present Global economic system in order to install their long sought after New World Order.
China’s intent to carry out on their threat, these reports say, began this past week when, as perhaps best stated by one American financial analyst, China told the West to go “straight to hell” when the Chinese stated they would deliberately default on Trillions-of dollars in US backed debt security instruments called OTC because they were fraudulently created by Western bankers and as such are now considered an “act of war”.
From a Source in the Gold Marketplace Resident in Asia, citing linked sources:
To the ability of the United States to defend itself against China, the likelihood of their success appears grim as their April, 2009 economic “war game” clearly shows, and as we can read:
Pentagon preps for economic warfare
By: Eamon Javers April 9, 2009
Even worse, as the American people are presently “enduring the sharpest decline in their private-sector income in at least 50 years and their longest period of income stagnation since the nation’s bicentennial in 1976”, new reports are showing that for the first time in modern history the wealth of the West has been concentrated in the hands of just a few, and as we can read:
“A recent analysis of the 2007 financial markets of 48 countries has revealed that the world’s finances are in the hands of just a few mutual funds, banks, and corporations. This is the first clear picture of the global concentration of financial power, and point out the worldwide financial system’s vulnerability as it stood on the brink of the current economic crisis.
Americans’ income slump biggest on record
By Laurent Belsie | 08.28.09
And to the largest component of this wealth called derivatives owned by these Westerners, now called a “Time Bomb”, and with China’s actions against the West, this “house of cards” is set to explode with a force having no equal in history, and as we can further read:
“What are derivatives? Some investors describe them as “dormant economic weapons of mass destruction”. They essentially are large leveraged bets on top of stocks, bonds and commodities. Money can be made within months or seconds by betting if a stock will go up, down or even remain the same. With no credit rating you can place a bet worth double your account balance. Big time investors get greater leverage with these instantaneous loans.
The $531 Trillion Dollar Derivatives Time Bomb
Wise Up Journal / Sovereign Independent – Sept/Oct issue, page 12 By Gabriel O’Hara
Equally chilling for the West is China’s ability to destroy the United States and European Union economies from being able to re-start their economies based on new green technologies that are wholly dependent upon rare Earth minerals, and as we can read:
“China is set to tighten its hammerlock on the market for some of the world’s most obscure but valuable minerals.
A single mine in Baotou, in China’s Inner Mongolia, produces half of the world’s rare earths. Much of the rest — particularly some of the rarest elements most needed for products from wind turbines to Prius cars — comes from small, often unlicensed mines in southern China.
China Tightens Grip on Rare Minerals
Published: Tuesday, September 1, 2009
But to the most curious puzzling aspect of this new economic warfare among the World’s most powerful Nations is an FSB addendum to this report stating, unequivocally, that factions within the United States aligned with their new President Barack Obama are actually supporting China in their efforts as they believe that the United States no longer has a right to stand alone astride the World as its most powerful Nation.
And towards that end these Obama “factions” are supporting those efforts to destroy the private US-European banking system called the Federal Reserve System that controls their money supply by forcing them for the first time in their history to open their books for public inspection, and as we can read as reported by the Daily Kos News Service in their report titled “The Secret That Will Destroy the World’s Financial System”, and which, in part, warns:
There’s a secret out there. A secret so incredible, so horrifying, so toxic that if the public ever heard about it, it would destroy the world’s financial system. . . . . . . .
The Federal Reserve has to identify the companies to whom it gave the $1.5 trillion dollars and it has to list the assets used as collateral for the so-called “loans.”
To all of these things, and as always, the American people remain asleep and unable to see the “abyss” to which they are being pushed into, and so continue to ignore the many warnings, such as this one, being shouted at them to prepare for the worst as the dream they thought they had been living is about to be revealed to them for the nightmare it has actually been all along.
Phi Beta Iota: The time has come to refresh the tree of liberty–it is time to close down both the Federal Reserve and Goldman Sachs, and to exercise the national soverign power of the people, confiscating illegally garnered assets and eradicating holdings based on fraud. Of all the candidates for future leadership positions in the United States of America, only Ron Paul appears to have the integrity to tell the truth, and even he is cutting corners and allowing omission to rule. The truth is that Goldman Salks, Morgan Stanley, and Citi-Bank have looted the US Treasury and pulled off a $250 billion “instant” scam in the immediate aftermath of 9-11 (See Reference: US Intelligence & Global Banking AND are being bailed out by the taxpayer because of truly ignroant leadership in both the Republican and Democratic political parties–leadership that has been compromised, leadership that lacks both integrity and intelligence in the sense of decision support. The Office of Management and Budget (OMB) and the Central Intelligence Agency (CIA) are worthless to America, and we must also point out that the General Accounting Office (GAO), while accurately reporting to Congress, has failed to report to the public. David Walker, fomer Comptroller General, has joined Bill Bradley and Al Gore and George Tenet in selling out to Wall Street and being so discreetly concerned as to be totally ineffective, a betrayal of the public trust in every sense.