Should the People Pull Their Money from the Banks While They Can?
“The biggest banks in the US have been given advisement by US regulators that they must make plans to stave off a complete financial collapse without relying on the US government. Bank of America, Goldman Sachs and other technocrats have secretly crafted worst-case scenarios in which they can continue to thrive during a full-blown domestic monetary crisis.”
This article offers many interesting items, including claims that the mega-banks have invested in DOD and security contractors such as DynCorp to protect the bankers when collapse comes, but the most interesting item comes from the end of this article, which talks about the real agenda to be implemented behind the new “Gauss” virus when its presence increases enough to significantly threaten the world banking system (my emphasis):
The data in this article is phenomenal – it shows tables of information containing test results for radioactivity in major foodstuffs in Japan, and it shows virtually all of it is contaminatedbeyond safe levels!
Don't Buy Anything Made in Japan!
“The Japanese people are beset by a food chain that has been thoroughly compromised by radioactive cesium. As a result, there is no longer any public confidence in the integrity of Japan’s food inspection system. Almost all edibles tested in Japan contain radioactive cesium, and it has now been verified that shiitake mushrooms in Miyoshi City, Hiroshima Prefecture have tested above the statutory limit for radioactive cesium. Thus, radioactive cesium has now spread far beyond Fukushima Prefecture. Like the HIV-tainted blood scandal of the 1980’s, Japan's Ministry of Health, Labour and Welfare has once again been blindsided due to the lack of a proactive plan…There is now virtually continuous testing of edibles in many prefectures of Japan, and more than 2,300 samples (as of August 2, 2012) have tested over the statutory limits for radioactive iodine and/or cesium. Radioactive cesium is also now being detected in food products manufactured in Japan. Therefore, there is extreme concern about short selling of food sector equities listed on Japanese stock exchanges.”
One wonders what else besides food is contaminated. Do automobiles, electronics (TVs, laptops, etc.) – which are exported to the US and elsewhere – have dangerous radioactive residues? What will happen if this is the case, and the rest of the world refuses to buy Japanese products and foodstuffs? It would collapse the Japanese economy, leading to possibly incalculable world-wide economic repercussions. Such a possibility or probability is the likely reason why the Japanese government has lied about the truly dire nature of the situation in Japan. In light of this, it seems the worst-case scenario of the entire Japanese population abandoning the island and moving elsewhere – China? or eastern Russia? – becomes much more likely.
(08/08/12) DENVER – Coloradans soon will have a new health insurance option – and this one is “owned” by consumers.
Called the Colorado Health Insurance Cooperative, it's based on models pioneered in other industries, such as farmers' co-ops for crops or
electricity, or member-owned businesses such as credit unions.
While Buck McKeon and Lindsey Graham continue to join with Lockheed-Martin in their jobs scare campaign, Ben Freeman at POGO did some fascinating research. Bearing in mind that the dreaded doomsday machine of sequester would return DOD spending to 2006 levels of spending (adjusted for inflation), Ben looked at how major contractor revenue and employment in 2006 compare to the most recent data for 2011.
The answer provides an essential backdrop to what Lockheed and its messengers are attempting to foist. US government revenues to five major defense contractors increased from $101 billion in 2006 to $113 billion in 2011 (+10%); meanwhile their overall employee count declined by over 18,000 (-3%).
The numbers for Lockheed are more dramatic: again in inflation adjusted dollars, Lockheed-Martin government revenues went up $6.7 billion or 18 percent, while it shed 17,000 employees, a decrease of 12 percent.
The data put the lie to what Lockheed, McKeon, Graham and others are trying to imply: if you “rescue” the defense budget with more money, you will save jobs. These data from POGO make interesting grist for Lockheed, McKeon, Graham and their allies to explain.
Santilli explains that his knowledge of Rex 84 provides that within the document, one of the scenarios that would cause a complete suspension of the US Constitution, Bill of Rights and implement martial law would be a financial collapse. He says once the collapse occurs, the US government and defense agencies estimate they have a 72 hour window to activate all procedures to ensure continuity of government as well as a lockdown of the general population as civilian unrest, riots and outbreaks of violence are anticipated.
. . . . . .
The Deutsche Bank informant says that the cause for the bailout of the banks was a large sum of cash needed quickly to repay China who had purchased large quantities of mortgage-backed securities that went belly-up when the global scam was realized. When China realized that they had been duped into buying worthless securitized loans which would never be repaid, they demanded the actual property instead. The Chinese were prepared to send their “people” to American shores to seize property as allocated to them through the securitized loan contracts.
Phi Beta Iota: On the Chinese receiving a payoff (as well as the Russians), probably–perhaps a third. Explicit death threats against Goldman Sachs owners and others in Wall Street were in the air at the time.Unlike the “control fraud” that characterizes the US Government, the Chinese and Russians know their bankers by name, and hold them accountable for fraud.On martial law: probably but ineffectively. The US Government is rapidly approaching its limits. It is not possible to micro-manage complexity in collapse. What the US Government (and the Department of Homeland Security specificially) should be doing is accelerating local resilience as fast as possible –all stop on the industrial-era prok, full-speed ahead on everything that makes local water, food, energy, and health a reality.
UPDATED 8 August 2012 with comments from Common Cause, others.
Buyer Beware – A New York Shill Takes to the Highway
The Hon. David M. Walker, former U.S. Comptroller General, today announced a first-of-its-kind national bus tour to engage Americans about our nation's deteriorating financial condition and show them what they can do to help restore fiscal sanity.
The “$10 Million a Minute Tour” will help voters understand that we face a fiscal cliff in January 2013 and a possible U.S. debt crisis within the next two years.
ROBERT STEELE: David Walker quit his job as Comptroller General at year 9 of a 15 year appointment. He substituted loyalty for integrity in failing to publicly challenge the deregulation of the banking industry in the Clinton Administration (1999, perhaps feeling too new to the office he was given), and when he finally did sound the alarm in 2007 on the fiscal crisis, he failed to publicly challenge the two presidential candidates, then sitting Senators Barack Obama and John McCain, for failing to heed his alarm.
He accepted a golden parachute offer from Peter Peterson, a Wall Street magnate, and has done little of value since leaving the government in 2008, the highlights being a mediocre website, a movie nobody has seen, and a rather nice back-door beefing up of the Wikipedia Page on Balance Budget, something that was reprinting in ELECTION 2008: Lipstick on the Pig (2008).
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