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Archive for July, 2010

Smoking Guns of U.S. Treasury Monetization

Wednesday, July 28th, 2010

Jim Willie
Kitco
July 28, 2010

A significant feature of fiat money systems is the privilege for the custodian of the reserve currency to engage in regular practices of ham-fisted monetary management, even permission for fraudulent centers to flourish, surely developing a debt monster that an economy grows dependent upon. Fannie Mae might be the most offensive blight on such privilege. Unfortunately, many shenanigans have matured into grand fraud. They are smoking guns of USTreasury fraud and counterfeit, with strong whiffs of monetization. Much more monetization is to come, fully endorsed and sanctioned. Other clever techniques are being used, given the Quantitative Easing has officially been halted. A close look reveals that Excess Cash Reserves at the USFed are being drawn down, which are thus funding the USGovt deficits in the last couple months. Ironically, such reserves held by big banks at the US Federal Reserve were the only thing preventing vast insolvency. Now that cash is being used, and the USFed insolvency is slowly exposed. Details can be found in the July Hat Trick Letter reports. Evidence is compelling, and grand motive for foreign creditors to reject the USDollar, whose active control strings are traced to Wall Street. When recognized monetization destroys the last vestige of trust and confidence in the USDollar, when more official rounds of sponsored Quantitative Easing arrive, the USDollar will be on a downward spiral. In fact, all major currencies face the same prospect of vast monetary expansion. They will all fall sharply in value, and by counter-effect, the Gold price will rise powerfully.

CHINESE WARNING SHOTS ACROSS THE BOW

This story is a gem. The Chinese Dagong credit agency made an inaugural splash with a debt downgrade of the USTreasury Bonds. They called the US-based trio of debt rating agencies politically biased, an under-statement. The Dagong agency used its first splash into sovereign debt to establish a bold standard of creditworthiness around the world, giving much greater weight to wealth creating capacity and foreign reserves than Fitch, Standard & Poors, or Moodys. Dagong pays more attention to rapidly escalating debt levels. The Chinese Govt has coordinated their strategy, selling off short-term USTreasury Bills, but hangs onto a large raft of long-term USTreasury Bonds. On a net basis, the Chinese purchases have hit a plateau.

Meanwhile, with distracting commentary, China has doubled its gold holdings. At least the Chinese Govt has promised not to use their foreign reserves as a weapon. What a relief!! And Wall Street promises no more bond misrepresentation, no insider trading, no more fraud, no more drug money laundering (see Wachovia & Wells Fargo). What a relief!! The USGovt strives for clarity about management of China’s $2.5 trillion in FOREX reserves, the world’s largest. It contains $868 billion in USTreasurys at last count. The growing fear is that, in anger over trade friction, or in disgust over reckless USDollar management, or from a response to discovered hidden USTBond monetization, or with ambition to displace the US from its dominant post, China could dump USTreasury Bonds with a vengeance. The credit market analysts justifiably call it the Nuclear Option. The Beijing officials have given veiled warning to reduce the USGovt deficits and to put aside thoughts of another Quantitative Easing. The next QE2.0 comes as sure as night follows day. It comes with a heavy cost. The message is written on the wall, that the United States has forfeited its sovereignty with rampant debt production rather than industrial production.

US TREASURY ISSUANCE EXCEEDS US GOVT DEFICITS

This story is a gem. USTreasury bond issuance exceeds even the gargantuan USGovt deficits. The gap is $1.5 trillion over four years. One could guess that Wall Street is selling bonds and squirreling the money in foreign banks, a basic counterfeit in a syndicate operation. The operation might bring new meaning to monetization. At least a parallel exists. The majority of home mortgages have their income stream used in more than one mortgage bond. That is the real reason why home loan modification is a thin farce. The MERS database conceals the game, but the public has the satisfaction of knowing that MERS has no legal standing. The state courts are declaring no legal standing, and foreclosure procedures are blocked as a result. People cannot be removed from their homes when the database is used in handoffs of notes and titles.

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Posted in Economy

Regulatory Magic

Wednesday, July 28th, 2010

Sheldon Richman
Campaign for Liberty
July 28, 2010

President Obama has signed the financial industry regulatory overhaul — officially, the Dodd-Frank Wall Street Reform and Consumer Protection Act. Predictably, what he said about it cannot possibly be true.

For example: “[T]hese reforms represent the strongest consumer financial protections in history. And these protections will be enforced by a new consumer watchdog with just one job: looking out for people — not big banks, not lenders, not investment houses — looking out for people as they interact with the financial system.”

And: “[B]ecause of this law, the American people will never again be asked to foot the bill for Wall Street’s mistakes. There will be no more tax-funded bailouts — period. If a large financial institution should ever fail, this reform gives us the ability to wind it down without endangering the broader economy. And there will be new rules to make clear that no firm is somehow protected because it is ‘too big to fail,’ so we don’t have another AIG.”

Note that Obama did not promise to spare the taxpayers from having to foot the bill for the government’s mistakes. He and the members in Congress know better than to make that howler of a promise. Nevertheless, the magnitude of the whoppers being told about this law is astounding.

The government cannot deliver on pledges to protect consumers in the financial markets and to shield taxpayers from bailouts. In the first instance — consumer protection — financial instruments are inherently complex and government attempts to shelter less-sophisticated investors and borrowers from all danger would either require control of products to the point of prohibiting things people want or inundating them with information until they ignore all of it because of the sheer volume. Alas, what the new law will provide consumers is a false sense security — and that’s worse than none at all.

As for the new watchdog agency, we have cause to wonder why the law of regulatory capture should suddenly stop operating or why the door between government and industry should suddenly stop revolving. (It’s still spinning in the energy industries.)

As for taxpayer bailouts, the new law leaves plenty of room for the FDIC to borrow money in order to keep favored creditors of failing big companies afloat. The wind-up fund that’s supposed to be financed by banks and other firms will of course be filled by their customers.

Most generally, the new law exhibits the standard governmental hubris. Who truly believes that an army of necessarily myopic bureaucrats can ever know enough to 1) anticipate a systemic crisis and 2) do something intelligent about it in a timely way? The more centralized the power the more vulnerable we average taxpayers are. Mistakes are system-wide. The virtue of a freed market is not that it’s unregulated (it’s not) but that its radically decentralized.

So anyone who thinks this 2,300-plus page monstrosity has a chance to prevent another large-scale financial failure has been watching too much network news. Two pieces of information are pretty much all you need to see through the hype. First, in all those pages you will not find the words “Fannie Mae” or “Freddie Mac” (or their official names), the two government-sponsored enterprises (that’s a term of art) that had so much to do with encouraging the hollow mortgages that underlay the flimsy securities and credit default swaps that made the financial system so fragile these last several years. (Search our archive for many articles about this.) When Fannie and Freddie couldn’t pay their bills a couple of years ago, the government took them over, proving that the widely assumed implicit government guarantee of their obligations was real after all. They are still in business buying up mortgages though they need regular infusions of the Treasury’s borrowed money. Before it’s over the bailout cost is expected to at least hit the $400 billion cap, though Obama has unilaterally promised unlimited financial aid.

The second important fact is that the chief movers of this law, Sen. Chris Dodd and Rep. Barney Frank, are the two biggest congressional champions of Fannie and Freddie. Whenever anyone expressed concern about the poor condition of the GSEs’ books, Dodd and Frank could always be counted on to fend off the threat of scrutiny. They would insist it was all part of an altruistic cheap-home-ownership program, but too much money was being made from government intervention to take that seriously. Dodd and Frank were aided by Fannie’s and Freddie’s well-connected lobbyists and campaign contributions. All told, they spent $200 million from 1998 to 2008. Fannie and Freddie are the ultimate Washington insiders. “They’ve stacked their payrolls with top Washington power brokers of all political stripes,” the Politico reported. Altruism, indeed.

It’s Dodd, by the way, who said of his bill, “No one will know until this is actually in place how it works.” And Frank is ready to submit new legislation to fix any mistakes in the law. We’re about to have a laboratory experiment of the law of unintended consequences.

Obama said: “For years, our financial sector was governed by antiquated and poorly enforced rules that allowed some to game the system and take risks that endangered the entire economy.” The implication is now we have up-to-date rules that will be vigorously enforced. But he can’t possibly know that. Why not? Because in writing the law, Congress did not write the rules. It merely handed that job off to unelected, unaccountable bureaucrats in a variety of agencies. In a word, Congress delegated its legislative authority, which has no authority to do. (Not that anyone cares.)

The Wall Street Journal reports,

In a recent note to clients, the law firm of Davis Polk & Wardwell needed more than 150 pages merely to summarize the bureaucratic ecosystem created by Dodd-Frank. … [T]he lawyers estimate that the law will require no fewer than 243 new formal rule-makings by 11 different federal agencies. [Emphasis added.]

The SEC alone, whose regulatory failures did so much to contribute to the panic, will write 95 new rules. The new Bureau of Consumer Financial Protection will write 24, and the new Financial Stability Oversight Council will issue 56. These won’t be one-page orders. The new rules will run into the hundreds if not thousands of pages in the Federal Register, laying out in detail what your neighborhood banker, hedge fund manager or derivatives trader can and cannot do.

In other words, your misrepresentatives have no idea what they just passed.

The Journal adds that “the biggest financial players aren’t being punished or reined in. The only certain result is that they are being summoned to a closer relationship with Washington in which the best lobbyists win, and smaller, younger firms almost always lose.”

The more the rules change the more they stay the same.

Posted in U.S. Politics

Democrat Propaganda Demonizes Tea Party Through Association With Establishment

Wednesday, July 28th, 2010

Democrat Propaganda Demonizes Tea Party Through Association With Establishment 280710Tea Misguided attempt to portray libertarian ideology as fringe politics

Steve Watson
Prisonplanet.com
Wednesday, Jul 28th, 2010

Democrat leaders have finally realised that anti-establishment sentiment is the driving force behind the Tea Party movement, announcing a plan to demonize it via a national campaign to associate the GOP and the Tea Party as one and the same.

The Associated Press reports:

“Democratic National Committee sources say the party’s strategy is to pose the November midterm elections as a contest between Democrats and a joint GOP-tea party plan for the country.”

The campaign will see grassroots activists painted as tools of the Republican establishment and the GOP associated with “extremist” ideologies.

The official launch of the campaign was made Wednesday by DNC Chairman Tim Kaine.

A website at www.republicanteapartycontract.com, a play on Newt Gingrich’s 1994 GOP “Contract With America”, along with a crudely produced video, mark the direction the DNC is taking.

The video urges viewers to “GET THE FACTS”, as it outlines a 10-point blueprint on what policies Tea Party candidates would enact if voted into power.

The items on the “Tea Party Contract on America” are:

1. Repeal the Affordable Care Act (Health insurance Reform)
2. Privatize Social Security or phase it out altogether
3. End Medicare as it presently exists
4. Extend the Bush tax breaks for the wealthy and big oil
5. Repeal Wall Street Reform
6. Protect those responsible for the oil spill and future environmental catastrophes

7. Abolish the Department of education
8. Abolish the Department of energy
9. Abolish the environmental protection agency
10. Repeal the 17th Amendment which provides for the direct election of senators

These are mostly libertarian rooted positions that various tea party affiliated candidates and incumbents have espoused, except for numbers four and six, which are more direct accusations.

The video features images of Rep. Pete Sessions, who runs the GOP’s effort to elect House candidates, and Republican Caucus Chairman Mike Pence, as well as Senate candidates Rand Paul and Sharon Angle, amongst others.

Watch the video:

The idea is clearly to depict such positions as outside of mainstream political thought, yet multiple recent national polls indicate that such a notion is deeply misguided.

The National Republican Senatorial Committee has described the campaign as part of an “increasingly desperate strategy that remains ignorant of exactly why independent voters are fleeing them in droves”.

The key flaw in the Democratic campaign is that voters are now painfully aware that it is not the Tea Party and the GOP that are one and the same, it is the two establishment parties.

Posted in U.S. Politics

National Ocean Council

Wednesday, July 28th, 2010

Cassandra Anderson
GCN Live.com
July 28, 2010

Thirty states will be encroached upon by Obama’s Executive Order establishing the National Ocean Council for control over America’s oceans, coastlines and the Great Lakes. Under this new council, states’ coastal jurisdictions will be subject to the United Nations’ Law Of Sea Treaty (LOST) in this UN Agenda 21 program. America’a oceans and coastlines will be broken into 9 regions that include the North East, Mid-Atlantic, South Atlantic, the Gulf Coast, West Coast, the Great Lakes, Alaska, the Pacific Islands (including Hawaii) and the Caribbean.




	Obama is sneaking the Law Of Sea Treaty through the back door by way of this Executive Order.

Because of the decades of difficulty that the collectivists have had trying to ratify the Law Of Sea Treaty (LOST), Obama is sneaking it in through the back door, by way of this Executive Order establishing the Council. Because LOST is a treaty, Obama’s Executive Order is not Constitutional as treaty ratification requires 2/3 approval from the Senate. Michael Shaw said that the Agenda 21 Convention on Biodiversity treaty of 1992 failed to pass Congress so it was executed through soft law and administratively on local levels, and Obama’s Executive Order is a similar soft law tactic to enact the LOST treaty.

In fact, our Constitutional form of government is being completely destroyed because buried in the CLEAR Act (HR 3534) there is a provision for a new council to oversee the outer continental shelf- it appears that this Regional Outer Shelf Council will be part of the National Ocean Council. This means that if Congress makes the CLEAR Act into law, then the implementation of the UN Law Of Sea Treaty, as part of the National Ocean Council’s agenda, will be “ratified” in a convoluted and stealth manner, in full opposition to the Constitution and its intent.(1)

The excuse for this extreme action is because of the emergency in the Gulf of Mexico. Obama and Congress have always had the legal and military power to force BP Oil to take all necessary action to stop the gusher and clean the oil spew. While there is evidence that the problems in the Gulf have been a result of collusion and planned incompetence, it begs the question, why in world should America’s oceans and resources be controlled by Obama appointees?

NATIONAL OCEAN COUNCIL MEMBERS:

John Holdren, Obama’s science and technology advisor, is the co-chairman of this new council. He is also a depopulation enthusiast and advocates sterilization by way of using infertility drugs in water and food as well as forced abortions which he describes in his book “Ecoscience”.(2)

Ken Salazar, Secretary of theDepartment of Interior, and its subagency, MMS (Minerals Management Service) has authority over offshore drilling and responsibility for enforcing spill prevention measures.(3) The Department of Interior’s BLM (Bureau of Land Management) is the entity that controls federally managed land extending across 30% of America in 11 western states. Last week, Congressman Louie Gohmert said that Ken Salazar personally prevented drilling on land in Utah, Wyoming and Colorado, thereby also preventing energy independence. In addition, the federal lands have been grossly mismanaged and present fire dangers. The federal government is $3.7 billion in arrears for maintenance of the federally managed lands.

US Department of Agriculture Secretary Tom Vilsack, by way of the US Forestry Service and US Fish & Wildlife Service, has been complicit in the decline of our country’s food independence. For example, US Fish & Wildlife (along with the Department of Commerce) shut the water off in California using Endangered Species Act; it was later proven that partially treated sewage was the primary culprit in killing the salmon and delta smelt that was previously blamed on farmers. This is phony environmentalism. The US Forestry Service has also misused the Endangered Species Act to limit farmers and ranchers. Remember that the USDA co-owns the Terminator Gene patent with Monsanto that makes seeds sterile.

Lisa Jackson is the EPA administrator who has threatened to impose 18,000 pages of new regulations to curb global warmingwhich is based on lies,claiming that carbon dioxide is a danger to human health.(4)

Department of Defense Secretary Robert Gates and Department of Homeland Security Secretary Janet Napolitano: it is unclear how these two federal appointees will enhance environmental ’sustainability’ over oceans and coasts. Traditionally, national security threats (like the War on Terror) have been used by the federal government to take control of resources. For example, many years ago when the interstate highway systems were first being built, the Feds got in on the action by claiming that they were building a defense highway system, and they encroached into an area that belonged to the states. Interestingly, there were no overhead structures on highways originally because of the Feds’ claim that large missiles would be transported on these “defense” highway systems.

Secretary of State Hilary Clinton, a leading globalist, is likely to plunge our country into international entanglements and subjugation, based on her past performance; an example is her support of the UN Small Arms Treaty, which is contrary to the Constitution.

Department of Energy Secretary Steven Chu and Department of Commerce Secretary Gary Locke are logical choices for this destructive council as some of the planned funding for this program will come from permits and leases (oil drilling leases, for example). These agencies will limit America’s energy independence.

The full list is footnoted at the end of this article.(5)

THE SMOKING GUN:

Agenda 21 Sustainable Development is the overarching blueprint for depopulation and total control, and the National Ocean Council is clearly an Agenda 21 program:

The National Ocean Council is headed by John Holdren, an avowed eugenicist which is selective breeding through brutal means like forced abortion.

The National Ocean Council’s own report (Coastal and Marine Spatial Planning, pg. incorporates a section of the 1992 Rio Declaration which is an original Agenda 21 document!

In fact, the report says that it will be guided by the Rio Declaration in cases “Where there are threats of serious or irreversible damage, lack of full scientific certainty shall not be used as a reason for postponing cost-effective measures to prevent environmental degradation.” (pg. This means that regulations will be imposed even if the science is not understood or if the science is based on global warming manipulated data.(6)

The 3 primary tools of Agenda 21’s phony environmentalism are global warming, water shortages and the Endangered Species Act; the National Ocean Council intends to exploit all of these tools to their full extent.

The National Ocean Council’s main objective is to sink American sovereignty through the United Nations Law Of Sea Treaty (LOST) with the intended result of domination by the UN over our coasts and the Great Lakes. LOST originated in the 1970s as a wealth redistribution plan to benefit Third World countries. LOST sets rules for commercial activity beneath the high seas and establishes new international bureaucracies and a tribunal to interpret and apply rules to sea activity. And LOST can proceed with those rules, even against US objections! LOST threatens to complicate deep sea mining. LOST sets a precedent that US rights are dependent upon the approval of international entities. LOST also extends to ocean flowing rivers. (7)

REGIONALISM:

Michael Shaw pointed out that non-elected councils are increasingly expanding their jurisdiction through air quality boards, water quality boards, sewer systems, transportation districts, metropolitan planning, etc. to gain control over resources. Often, large corporations and financial interests form Public- Private Partnerships with the government within these councils.

Breaking areas into regions and placing authority with non-elected councils is a Communist trick used to hijack resources, thereby usurping local and state power by re-zoning the areas that do have Constitutional authority. Appointed bureaucrats are untouchable because their jobs are not dependent upon serving the voting population. And they are usually inaccessible to the public and do not have to face those who are affected by their “insider” decisions. When state and local governments become corrupt, the public is able to confront them eye to eye, but distant bureaucrats can avoid accountability. Regionalism is used as a psychological tactic to intimidate state legislatures into creating the system for a new political and economic order. (8)

Obama’s Executive Order that has created the 9 new regions amounts to re-zoning, and his appointed bureaucrats are answerable only to him. In David Horton’s testimony in 1978 on regionalism, he said that the State of Indiana made this declaration, “Neither the states nor Congress have ever granted authority to any branch or agency of the federal government to exercise regional control over the states.” Horton further stated that Congress holds alllegislative power that is granted in the Constitution, as opposed to Executive Orders that are not legislative. Therefore, Obama’s Executive Order for re-zoning and appointing a governing body to usurp state and local power is Constitutionally invalid. (9)

The public must become aware of state sovereignty and the Tenth Amendment to demand that state and local governments assert these Constitutional laws and principles.

COASTAL AND MARINE SPATIAL PLANNING REPORT:

This is a general overview of the new National Ocean Council’s goals based on its32-page report that uses indirect language and acronyms in order to confuse the public and local lawmakers. Depopulation advocates, globalists and collectivists, like John Holdren, faced opposition a few decades ago when they clearly expressed their objectives, so now documents are written in complicated and clouded language to fool those they wish to control. (10)

This report states that the Council’s jurisdiction will extend from the continental shelf to the coast AND additional inland areas will be involved. The National Ocean Council identifies “partners” as members of each regional planning body that will include federal, state, local and tribal authorities, with a top-down hierarchy of control.

The intentions of the Council are stated on page 8 of the report that include implementing LOST and other international treaties. The report also states that the Council’s plans shall be implemented by Executive Orders, in addition to federal and state laws. This section mentions ‘global climate change’ which is a new term substituted for ‘man made global warming’ after manipulated data and lies were exposed in numerous global warming scandals. ‘Climate change’ is blamed for sea level rise and acidification of oceans; evidence exists that these are global warming deceptions. (11)

The stated goals of the Council include regulating investments, collaborating with unidentified international agencies, controlling public access to oceans and “protecting” ecosystems. This means that commerce and trade will be controlled by the Council, the UN will gain power over American oceans and the Great Lakes through UN subagencies, public access will be limited and the Endangered Species Act will be unleashed, with heavy regulations. Incidentally, the Endangered Species Act is based on 5 international treaties. It has never had a successful result: of the 60 species that have been de-listed, not a single species was saved as a result of any restrictions stemming from the Endangered Species Act! (12)

The targeted areas for Endangered Species Act regulations are the the Great Lakes, the Gulf Coast, Chesapeake Bay, Puget Sound, South Florida and the San Francisco Bay (the Bay Delta is where the irrigation water for farmers was was cut off using the Endangered Species Act, causing food shortages, an increase in food imports and massive economic devastation).

While this report does not clearly outline how the National Ocean Council’s schemes will be financed, regulatory permits for all activity on the water and mining (oil) leases will play a part, along with tax increases. The report does indicate that grants and assistance programs will be available so that state, local and tribal authorities will support the Council’s “efforts”. In other words, the Council will try to buy off the state and local governments to “collectively use” them for a base of support and influence.(pg. 28) Strings are always attached to federal money. The federal government and the Council are reliant on state and local governments for implementation through state and local legal authority, which means that state and local authorities hold the power to implement or refuse the Council’s directives, especially under the Tenth Amendment.

However, the report does state that disputes will be settled by consensus, if consensus fails, then the decisions will ultimately be made by the President. He is Commander in Chief of the Navy and has the power of the military behind him. Further, the report indicates that legislative changes and more Executive Orders may be necessary to achieve control.

An important point is made on page 5, which states, “Strong partnerships among Federal, State, tribal and local authorities, and regional governance structures would be essential to a truly forward-looking, comprehensive CMSP effort.” This means that the states, local governments and tribes have power. Our collectivist government needs the consent of the state, local and tribal authorities, to implement this scheme, otherwise, the feds wouldn’t bother to include these Constitutional authorities. If the state, local and tribal authorities are aware of, and willing to act on their Constitutional authority, then they can limit this federal power grab through the Tenth Amendment.

The report further states that signing onto the Council’s plan would be an “express commitment by the partners to act in accordance with the plan…” (pg. 20) Therefore, it is imperative that all of the states be aware of the Council’s intended usurpation and carefully protect their Constitutional jurisdictions and sovereignty. There are 30 states that will be affected by this new council. (pg. 12)

The Council’s strategy plan will go into effect immediately, fully developing Agenda 21 objectives and undue UN influence within 5 years. Interestingly, one article said that if state, local and tribal authorities choose not to participate in in writing the plans, the plans would be written without them. Therefore, it bears repeating that state and local governments must protect their Constitutional authority when dealing with the Council. The Constitutional authority that states and local governments have can only be taken if the power is given away.

SAVING OUR COUNTRY:

If your freedom is important to you, the most effective action that you can take is to e-mail this article and Michael Shaw’s “Understanding Agenda 21 Sustainable Development” booklet to all of your State Legislators, County Commissioners/ Superintendents and City Council members.

Here is the the link for the Agenda 21 downloadable booklet:

http://www.freedomadvocates.org/option,com_docman/task,doc_download/gid,127/Itemid,81/

Tell all of your friends, co-workers and neighbors about Agenda 21 Sustainable Development and how it is destroying our country. The National Ocean Council is detrimental on so many levels and the time to act is now. If state and local officials refuse to stand up against this federal incursion, they must be thrown out of office in favor of representatives who support the Constitution and the Tenth Amendment.

For more information about local action, visit www.FreedomAdvocates.org.

Visit www.MorphCity.com for a special video presentation on July 30th for an interview with a local official who upheld the Constitution against encroachment by the federal government.

Sources:

1. http://lib.store.yahoo.net/lib/realityzone/UFNCLEARactSec6.html

2. http://zombietime.com/john_holdren/

3. http://www.boemre.gov/aboutmms/FedOffshoreLands.htm

4. http://www.morphcity.com/home/72-epa-takes-a-giant-leap-into-tyranny

5. http://www.whitehouse.gov/blog/2010/07/19/meet-national-ocean-council

6. http://www.whitehouse.gov/sites/default/files/microsites/091209-Interim-CMSP-Framework-Task-Force.pdf

http://www.un.org/esa/dsd/agenda21/

7. http://www.cei.org/pdf/5352.pdf

http://en.wikipedia.org/wiki/United_Nations_Convention_on_the_Law_of_the_Sea

8. http://www.newswithviews.com/iserbyt/iserbyt13.htm

9. http://www.sweetliberty.org/issues/regionalism/horton.htm

10.http://www.whitehouse.gov/sites/default/files/microsites/091209-Interim-CMSP-Framework-Task-Force.pdf

11.http://www.morphcity.com/agenda-21/environment/global-warming

http://www.telegraph.co.uk/comment/columnists/christopherbooker/5067351/Rise-of-sea-levels-is-the-greatest-lie-ever-told.html

http://nov55.com/acd.html

12.http://www.newswithviews.com/Coffman/mike2.htm

Posted in U.S. News

The Year America Dissolved

Wednesday, July 28th, 2010

Paul Craig Roberts
GCN Live.com
July 28, 2010

It was 2017. Clans were governing America.




	Clans organized around families and individuals who possessed stocks of food, bullion, guns and ammunition. Photo: A scene from the 1997 film, The Postman.

The first clans organized around local police forces. The conservatives’ war on crime during the late 20th century and the Bush/Obama war on terror during the first decade of the 21st century had resulted in the police becoming militarized and unaccountable.

As society broke down, the police became warlords. The state police broke apart, and the officers were subsumed into the local forces of their communities. The newly formed tribes expanded to encompass the relatives and friends of the police.

The dollar had collapsed as world reserve currency in 2012 when the worsening economic depression made it clear to Washington’s creditors that the federal budget deficit was too large to be financed except by the printing of money.

With the dollar’s demise, import prices skyrocketed. As Americans were unable to afford foreign-made goods, the transnational corporations that were producing offshore for US markets were bankrupted, further eroding the government’s revenue base.

The government was forced to print money in order to pay its bills, causing domestic prices to rise rapidly. Faced with hyperinflation, Washington took recourse in terminating Social Security and Medicare and followed up by confiscating the remnants of private pensions. This provided a one-year respite, but with no more resources to confiscate, money creation and hyperinflation resumed.

Organized food deliveries broke down when the government fought hyperinflation with fixed prices and the mandate that all purchases and sales had to be in US paper currency. Unwilling to trade appreciating goods for depreciating paper, goods disappeared from stores.

Washington responded as Lenin had done during the “war communism” period of Soviet history. The government sent troops to confiscate goods for distribution in kind to the population. This was a temporary stop-gap until existing stocks were depleted, as future production was discouraged. Much of the confiscated stocks became the property of the troops who seized the goods.

Goods reappeared in markets under the protection of local warlords. Transactions were conducted in barter and in gold, silver, and copper coins.

Other clans organized around families and individuals who possessed stocks of food, bullion, guns and ammunition. Uneasy alliances formed to balance differences in clan strengths. Betrayals quickly made loyalty a necessary trait for survival.

Large scale food and other production broke down as local militias taxed distribution as goods moved across local territories. Washington seized domestic oil production and refineries, but much of the government’s gasoline was paid for safe passage across clan territories.

Most of the troops in Washington’s overseas bases were abandoned. As their resource stocks were drawn down, the abandoned soldiers were forced into alliances with those with whom they had been fighting.

Washington found it increasingly difficult to maintain itself. As it lost control over the country, Washington was less able to secure supplies from abroad as tribute from those Washington threatened with nuclear attack. Gradually other nuclear powers realized that the only target in America was Washington. The more astute saw the writing on the wall and slipped away from the former capital city.

When Rome began her empire, Rome’s currency consisted of gold and silver coinage. Rome was well organized with efficient institutions and the ability to supply troops in the field so that campaigns could continue indefinitely, a monopoly in the world of Rome’s time.

When hubris sent America in pursuit of overseas empire, the venture coincided with the offshoring of American manufacturing, industrial, and professional service jobs and the corresponding erosion of the government’s tax base, with the advent of massive budget and trade deficits, with the erosion of the fiat paper currency’s value, and with America’s dependence on foreign creditors and puppet rulers.

The Roman Empire lasted for centuries. The American one collapsed overnight.

Rome’s corruption became the strength of her enemies, and the Western Empire was overrun.

America’s collapse occurred when government ceased to represent the people and became the instrument of a private oligarchy. Decisions were made in behalf of short-term profits for the few at the expense of unmanageable liabilities for the many.

Overwhelmed by liabilities, the government collapsed.

Globalism had run its course. Life reformed on a local basis.

Posted in Featured News/Exclusives