Thursday, August 22, 2013

Computer Generated Imagery and Green Screen Propaganda

Apparently, access to this particular video is being blocked across the net. I was surprised that the tally of hits here on this site (3) was so few and I ran across an article at Before Its News http://beforeitsnews.com/international/2013/08/censorship-beforeitsnews-syria-story-being-blocked-by-internet-providers-2466632.html which seems to confirm my suspicion that access was being denied. Strange indeed. The next link is an extensive compendium of evidence of the US involvement in Syria through its proxy army the FSA.http://aangirfan.blogspot.com/2013/08/fsa-gassed-damascus_22.html

There is actually some dispute over whether the evil overlords of this planet and their minions are really human beings at all. It has been stated that these creatures are murderous members of a reptilian root race which inhabits the human shells of our government leaders.. 

This of course is only the latest new age illuminati scheme put forth by the likes of David Icke, erstwhile disciple of Annie Besant, and forward Illuminate hand puppet. Sometimes you gotta wonder though.....the truth though is this is all just a modern replication of the eternal truths of the gospel.

In the dictatorship of our modern scientific technological imperative, people cannot really conceive of demons and angels so much, but they are all so receptive to aliens and all things "extraterrrestrial". With generations long ago weaned of the archaic and outmoded myths of Christianity, the new sci-fi mythological construct is steadily supplanting the age old truths of the Christian tradition in the minds of media addled youth and baby boomers raised on Star Wars and Trek. Now heaven is in a far away place in the cosmos called "the universe". Demons are aliens or reptiles. And of course the false prophets, mages, wise men and even ordinary cognoscienti are legion as befits their mistaken allegiance.

And now of course with the majority of Americans sucking up psychic toxins from televised media, anything is really possible. Reminds me of what Fido Dogstoevsky once said  "If you cease to believe in God you'll believe in anything". It should really come as no surprise that after generations have become increasingly addicted to pulsating flat screens, that the very reality around us is being literally counterfeited through the same agencies as suggested in the above video.

The "Angel of Light" has always been a bit suspect ever since his 24 hour fall from paradise. In his infinite pride he's making his final attempt to subvert the Church Of God established for eternity by the sacrificial act of the Second Person. Go ye, read the Psalms of David and gain strength. 

"While there should be a great  cause for alarm or suspicion in a discerning public and a representative government, especially given the severity of the situation, the present administration, largely due to the unquestioning allegiance and fawning devotion of a compliant fourth estate and a hopelessly suborned and corrupted legislative branch, continues to walk blindly, unscathed, and untouched through ongoing, respective, and catastrophic failures of domestic and foreign policy. Unfortunately, such wanton unaccountability gives criminal license and even wider scope for greater violations of a public trust so woefully and regrettably misplaced. But there is nothing really new here where those in power do the bidding of a occult and arcane elite ruling from the shadows." 

Monday, August 12, 2013

Orreo Guts Detroit

The much lamented and yet long awaited denouément of the decades long socio-economic evisceration of the once great city of Detroit arrived this spring with the formal declaration of the largest municipal bankruptcy in US history, a stark object lesson not only for that once thriving center of US industrial productivity but also sounding a death knell for scores of other cities mired hopelessly in chronic, endemic indebtedness. As tax revenues suffer the ongoing attrition of widespread unemployment, the closure of businesses nationwide, and encumbered with the insupportable obligations of complex financial derivatives, major US municipalities are struggling vainly to compensate even the interest on long standing liabilities.

Apparently at least as a result of extreme budget constraints, the city has implemented cuts of basic services including the police force which since early 2012 has instituted a policy of "virtual precincts", an interesting euphemism for a absence of police response to citizen complaints between 8:00 p.m. and 4:00 a.m. a policy which over the past year is largely responsible for an increase in justifiable homicides more that 2200 % of the national average. http://www.dailymail.co.uk/news/article-2097467/Vigilante-justice-rise-Detroit-justifiable-homicides-jump-79-cent-year.html Just this month after mayoral candidate Mike Dugeon himself became the victim of a carjacking on August 2, the police "beefed up" patrols. 

Ignominiously discarded, after decades of benign neglect, into receivership under a bi-partisan mandate sanctioned by the Republican governor Rick Snyder, the Democrat mayor Dave Bing, with the active coordination of the Obama regime and under the aegis of millionaire Wall Street bankruptcy lawyer Kevyn Orr, the vast 143 square mile megalopolis, once a thriving showcase of American technological ingenuity, now faces not only the legacy of the systemic decades long flight of capital and industry to foreign shores but also the ensuing and financially destructive investment and accounting practices which have pegged the city's municipal bonds and pension funds to Interest Rate Swap derivatives.

Not surprisingly though, and disingenuously ignoring the infernal complexities of post Glass-Steagal Wall Street derivative investment practices, we have the mayors of other major American metropolises chiming in a chorus of unison over the apparent major role of underfunded pension obligations in the bankruptcy the funding of which they are proposing to summarily and conveniently excise from the budget as Mr. Orr is presently accomplishing in Motown with the arguably dictatorial powers of emergency financial manager. Under Orr's plan, the city's payment as counter party on the losing end of the Interest Rate Swaps (little more than bets on interest rates) would be discounted 25%, thus compensating the holders of the swaps, Bank of America and UBS.
"Orr gave the swaps payments, as secured debt, priority over retirees and holders of unsecured debt, including the pension borrowings. While swaps holders would take a 25 percent cut in payments, other creditors would receive much less".http://www.bloomberg.com/news/2013-07-16/detroit-said-to-reduce-swaps-debt-by-25-in-orr-deal-with-banks.html
In other words the city's pensioners, 21,000 retirees, 10,000 active city workers, and other "unsecured" creditors were shunted to the end of the line behind the big banks much like the depositor creditors of Jon Corzine's MFGlobal's stunning $200 billion default. Meanwhile the billionaire NYC mayor Michael Boomberg, Chicago's mayor Rahm Emanuel, and LA overlord Eric Garcetti, all democrats, began their predictable mutual recrimination of pensioners. Bloomberg's comments were pretty much typical of the mayor's pro-corporate willfully ignorant, and homogenous reaction.
“One of the major reasons that Detroit could not stop its downward spiral was that its labor costs—especially its retiree costs for pensions and health care—crowded out its ability to invest in the things that make a city an attractive place to live and visit.”
Bloomberg’s speech culminated in a blunt threat to workers and retirees in America’s most populated city. “We are only a short distance from relapsing into decline if we allow health care and pension benefits to crowd out the investments that make New York City a place where people want to live, work, study, and visit,” http://beforeitsnews.com/economics-and-politics/2013/08/detroit-bankruptcy-provokes-calls-for-nationwide-assault-on-pensions-2455564.html 
In view of the fact that even the captured, "regulatory" minions at  the CFTC are investigating whether 15 banks instructed brokers to illegally manipulate the ISDAfix, the benchmark rate for Interest Rate Swaps, to guarantee higher payments, there is more than a reasonable possibility that the investment houses are tweaking the interest rates to reap windfall profits at the expense of Detroit and other US cities much like the now infamous and unresolved LIBOR rate scandal.

Such rank corruption and fraud across the financial sector has become by now common knowledge and yet remains largely unaccountable and immune from prosecution as the corporate sector remains seamlessly merged with government and regulatory agencies as exemplified in the case of former White House Chief of Staff  Emanuel, a former Wall Street investment banker and Bloomberg whose corruption needs little recounting.

That this situation cannot proceed much longer however has become amply demonstrated by the inexorable rise of yields in the TNX 10 year US Treasury bond which is flirting with the critical 2.75% rate, an alarming trend which not only demonstrates the first waves of inflation leaking into the markets but also the first cracks in the interest rate derivative markets. It is probably no accident that the Detroit bankruptcy coincides with these critical developments in IRS derivatives which Jim Willie describes as massive flying buttresses supporting the bond market which will crumble with rising interest rates as in the TNX. In this respect we have the following from Hugo Salinas Price on King World News.
"I think we are going to see a series of bankruptcies. I think the rise in interest rates is the fatal sign which is going to ignite a derivatives crisis. This is going to bring down the derivatives system (and the financial system).
There are (over) one quadrillion dollars of derivatives and most of them are related to interest rates. The spiking of interest rates in the United States may set that off. What is going to happen in the world is eventually we are going to come to a moment where there is going to be massive bankruptcies around the globe."http://theeconomiccollapseblog.com/archives/billionaire-issues-chilling-warning-about-interest-rate-derivatives

Financial hit man Orr
In an interesting sidelight to the shafting of the city's residents in favor of Wall Street and corporate interests, Orr has made available $285 million in public funds to millionaire Mike Illitch to finance a new $450,000,000 hockey arena in addition to hiring Chrisite's auction to appraise millions of dollars of fine art from the Detroit Institute of Art for potential sale. For his part Mr. Orr, who at least appears to be a black man, barely masking a true Obamanesque contempt for the now despised post-industrial workers of American, had this to say about the Detroit working class.
“For a long time the city was dumb, lazy, happy and rich.” The period of post-World War II economic growth, he complains, “allowed us to have a covenant that held if you had an eighth grade education, you’ll get 30 years of a good job and a pension and great health care, but you don’t have to worry about what’s going to come.http://www.wsws.org/en/articles/2013/08/07/korr-a07.html
Meanwhile Chinese investors along with the ubiquitous international hedge funds have descended on what remains of the once vibrant city to scoop up urban properties at fire sale prices and steep discounts. http://endoftheamericandream.com/archives/why-are-the-chinese-gobbling-up-real-estate-and-businesses-in-detroit

Of course, this is nothing new to the state of Michigan which like so many other Chinese "economic opportunity zones" is being carved up piecemeal and being auctioned off to the Chicoms at bargain basement prices. The southeastern Michigan city of Milan, a 40-minute or so commute to Toledo or Detroit industrial centers, might become the new home for a 200-acre or larger “China City” that would house Chinese business people. Milan, a city of 6,000 surrounded by farm fields, is the locale for an unusual deal in the industrial heartland as the rocky relationship continues between the People’s Republic of China and the United States. A group of mainland Chinese known as Sino-Michigan Properties LLC paid $1.9 million for 200 acres of farmland on Milan city limits in purchases this year and in 2011, according to local officials and property records.http://www.daytondailynews.com/news/business/michigan-town-near-ohio-could-become-china-city/nNrWn/

Saturday, August 10, 2013

Kessler's Rebellion

"You go to some of these small towns in Pennsylvania like a lot of small towns in the midwest. The jobs have been gone for 25 years and nothing replaced them and they've gone through the Clinton administration and the Bush administration and each successive administration has said these communities are going to regenerate and they have not. So it's not surprising that they get bitter and they cling to their guns or religion or antipathy to people who aren't like them." Barack Obama- 2008 Presidential election
"Welcome to Gilberton, Pennsylvania, where men with loaded guns, propping up a suspended police chief accuse all other citizens of being “tyrants”. It is a place where men with Swastika tattoos claim the “other people” are the Nazis. What, didn't you hear about this on CNN, Fox, MSNBC, or really anywhere else? Isn't NPR even interested in this story? For whatever the reason, no one is touching this. Perhaps the Federal government fears a stand off and doesn't want this to snowball, or inspire other towns with similar demographics to go the same route. Whatever the reason, this is a true case of media blackout." Daily Kos-August 6,2013

The events in the small Pennsylvania town of Gilberton over the past month have served at once to focus and expose the deep rifts in American society which have grown into ever deeper chasms under the Obama regime which has arguably become the most divisive administration in US history. As the specters of economic collapse, civil unrest, a de facto police state, martial law and even the prospect of a civil war loom over the nation, an unprecedented extremity of opinion, mutual hostility, and open confrontation has created a supercharged atmosphere of intolerance, suspicion, and outright hatred. Such is the present legacy of five years of the present regime.

Many had long expected that the contradictions inherent in such a pluralistic and yet grossly unequal system would inevitably breed the kind of destructive impulses kindling the inevitable the societal conflagration incrementally spreading across the land. After having been lulled into the stuporous complacency of visceral satisfaction fed by decades of unfettered material consumption and the apathy which accompanies chronic over indulgence the largely incapacitated American public now struggles under the increasingly unsustainable weight of the failing empire, corrupted, debt ridden, demoralized, the at once envied and much despised opprobrium of the rest of civilization.

Chief of Police Kessler of Gilberton and his 100 man "militia", the so called Constitutional Security Force, are the first public glimpse into what is now transpiring in the inner enclaves of "small town" America that the putative president so condescendingly referred to in 2008. While the more discerning might speculate as to the real origins and purpose of Kessler and his Pennsylvania mountain men, there is little dispute that they are presently a determined, well armed, and funded force to be reckoned with, who control the environs of the town of Gilberton and undoubtedly far beyond in at least apparent open opposition to the federal government. As well displayed in the various videos posted by Kessler and his minions on YouTube, the militia is throwing down the gauntlet and openly challenging the attempts by federal and state governments to regulate and restrict the possession of firearms in direct violation of the Second Amendment of the Constitution. 

In view of the fact that the Kessler's CSF purportedly commandeered a Gilberton town meeting and prevented some citizens from entering the building, a meeting at which the town council apparently suspended Kessler for a month for the unauthorized use of town property, the implications for many Americans going forward is ominous and marks the opening salvoes in a civil war for control in the various burgs and towns scattered throughout the heartland of the nation.

Domestic Subversion 

The well established and historic propensity for subversion through the ancient stratagem of "divide et impera", or divide and conquer, has been practiced by successive US administrations with varying degrees of success internationally for several decades. The clandestine efforts of intelligence agencies often involve arming and funding opposing sides in the internal political dynamics of nation states. Indeed, the Hegelian dialectic of thesis, antithesis, synthesis as expressed in the actionable formula of problem- reaction-solution has formed the basis of the attempts to proactively "create" history through the opportune levers and organs of state power. 

The absolute control and manipulation of the destiny of nations depends upon the ability to promote social and political policy through conflicting ideological constructs. The resulting and inevitable conflicts of diametrically opposed positions and their equally inevitable resolution give rise through the Hegelian model to the desired "synthesis". The present "controversy" over the availability and accessibility of firearms to the public and its underpinning in the Second Amendment is but one of the most recent emanations of this paradigm.

 Nowhere in the world have guns and ammunition been made so readily accessible than in the US. Now that the efforts to regulate and limit that relatively heretofore unquestioned access have accelerated in the US the last bastion of the unfettered possession of firearms, the struggle between the antipodes of the dialectic have been formally engaged. The obviously provocations of engineered mass shootings at the Aurora theater and Sandy Hook are intended to have as their template the 1996 Port Arthur massacre in Australia which resulted in the ban of semi-automatic weapons in that country and the strict regulation of most other guns, resulting in their de facto elimination.

While the Australian gun confiscation was effected through largely "peaceful" means, the situation in the United States some 20 years later as evidenced in the provocative actions of Mr. Kessler and the CSF as well as the unprecedented militarization of local police agencies and multifarious domestic federal government agencies, promises an infinitely more violent outcome. When we consider the volatile undercurrents of extreme racial hostility exacerbated by the Zimmerman affair and the profound social dislocations of the economic implosion, one can only expect the most dire consequences.  

Wednesday, August 7, 2013

USDX 81.40-The War To Defend the Dollar Heats Up

In the midst of some singular economic news, not the least of which is the unprecedented closing of US embassy and Vatican accounts by the British owned Hong Kong Shanghai Bank Corporation (HSBC), the US Dollar world reserve currency has apparently hit a critical point of inflection on the technical charts of the USDX. Garnering attention across the spectrum of economic analysts and Forex currency traders, not to speak of government officials and international economists, the 81.40 level has been breached to the downside occasioning many and various attempts to interpret the inherent weakness displayed by the
dollar as even the JPY made sudden and unexpected gains against it as the carry trade in that currency began to unwind. While most conventional analyses see this "weakness" as a prelude to further gains by the rapidly fading reserve currency, this important pivot might provide some surprises in the direction of the greenback as it proceeds to what many analysts expect to be its eventual demise and extinction as world reserve currency. In respect of this we have the following from Bloomberg.
“The market has dictated the 82.41 level as a pivot,” MacNeil Curry, New York-based chief rates and currencies technical strategist at Bank of America’s Merrill Lynch unit, said yesterday in a telephone interview. “If we get back above that, it would be a good sign that we have a base in place and a larger bull trend can resume.”

A similar bullish forecast was evident in the analysis at STOCKTRKR which along with Bloomberg anticipates a "bullish" positioning by currency traders anticipating further gains by the dollar in a commentary by Instaforex.
The longer-term view remains bullish as there are signs of a trend reversal from the 76,4% Fibonacci retracement. The decline looks corrective and that is why we expect a bullish reversal. Concluding we remain cautiously bullish above 81.40 and we would add to our long positions if the prices break above 82.10 and 82.50 targeting 83.45
On the other hand, Toby Connor over at Goldscents expects the opposite effect resulting in a decline in the dollar into the fall of 2013.


"Today the dollar broke through 81.40. This is a major development as it signals that the current daily cycle topped in only 2 days, thus confirming that the intermediate cycle has also topped."

"I've been warning for months and months that this was coming. Anyone with a modicum of common sense knew that printing trillions of dollars was going to eventually have consequences. There is no escaping the inevitable; if you aggressively debase your currency eventually you are going to have a currency crisis. The first one has now begun. 

Over the next 3-4 months the dollar is going to test the lower trend line of the megaphone topping pattern and ultimately break through. When it does we are going to witness a spectacular collapse in the dollar, probably testing the 2011 bottom by the next intermediate cycle low due in November. "
Such widely divergent views of the relative value and strength of the reserve currency are indicative of the efforts taking place internationally to supplant the dollar as settlement for world trade, particularly in oil, as evidenced by agreements primarily between Russia and China to forego dollar exchange in favor of local currency especially in light of the relative strength of the Chinese yuan/renminbi, with gold based exchange also being employed as between Iran and India in settlement for Iranian oil.

Accompanying these economic maneuverings, which Connor and many other commentators have rightly adduced as a currency war, we have the geopolitical ramifications accompanying the obvious and massive economic dislocations. Interestingly enough it was Saddam Hussein and more recently M. Khaddafi who first had the temerity to attempt to effect exchange and settlement for petroleum in respectively, the Euro and the gold dinar, bringing down the wrath of the oligarchical dollar empire upon their themselves and their unfortunate countries.

Meanwhile on the domestic front, once again as suggested by Connor amongst many others, the now notorious Federal Reserve continues to enter digital electronic counterfeits onto the ledgers of banks, corporations, and equities which along with actual negative interest rates have completely destroyed capital formation further eroding and eventually undermining what remains of "the full faith and credit of the United States of America." And thus in such a hopeless and grotesque conundrum, the empire lurches towards its denouément.

August 8
It appears that our little gambit yesterday appears to have panned out irrespective of the professional economic analysts at Bloomberg et al. and their call for a strengthening of the US$ as the greenback further sinks below 81 on the USDX. It increasingly appears that these mainstream analysts are paid either to spread disinformation and misdirection or are simply incompetent. look out below!http://www.zerohedge.com/news/2013-08-08/sudden-dollar-weakness-tapers-early-euphoria-sends-gold-spiking 

What these indications clearly signal is that gold and silver and the commodity complex in general have once again assumed an inverse relationship to the US$ especially given the spike in yields on the TNX Ten Year Treasury Bond following the Fed doyen BS Bernanke's disingenuous if not outright meretricious suggestion that the Federal Reserve will "taper" more than $85 billion monthly MBS purchases as early as September, the mere suggestion of which was enough to send international equity markets into spasms of contraction.

Of course the fact that the markets are dependent now, not on any real fundamentals, but merely on the ephemeral suggestions of a possible (but highly unlikely) monetary policy of the Federal Reserve itself suggests the very artificiality of the global economy has reached new and improbable heights of absurdity. Further evidence of this unprecedented economic dissociation was evidenced when the amassed debt of Japan reached the eye popping one quadrillion yen level or more than double the island nation's total GDP.

The successive reiterations of electronic conjuring of money practiced by Nippon over the past decades have reached mind boggling levels of absurdity and apparently have gone into hypersonic overdrive with the latest manifestation of exponential monetary largesse under the tutelage of the new schoolmaster of Keynesian dystopia, Shinzo Abe. Meanwhile as the IMF  has coyly suggested, the Japanese money masters are proffering the idea of increased sales taxes to compensate the mounting tsunami of debt, something akin to dropping handfuls of sand into the devastating tsunami which struck the island two years ago.http://theeconomiccollapseblog.com/archives/a-quadrillion-yen-and-counting-the-japanese-debt-bomb-could-set-off-global-panic-at-any-moment

Indeed, if there was any simile or metaphor expressive of the effects of expansive monetary policies practiced by our central bank witch doctors typified by the Federal Reserve and the JCB, it would be this parallel in nature, the disastrous inundation recorded in the video above and with similar effect upon economic life.