Tag Archives: International Corruption

China’s GDP Growth Is a Total Lie

World’s second largest economy is definitely faking their suspiciously consistent growth numbers

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by Joshua Krause | SHTFPlan | July 17, 2015

I think it’s safe to say that anyone who thinks the United States economy is on the road to recovery, is drinking some serious Kool-aid. As organizations like shadowstats have shown time and time again, our government likes to fudge the numbers on a regular basis. They think they can keep the party going indefinitely, so long as they convince the world that everything is just fine.

Of course, the United States isn’t the only country that’s doing this. Heck, it wouldn’t be surprising if we found out that most governments falsify their economic data. However, it’s a little scary to think that maybe the world’s largest economy isn’t the only one lying to the world. In fact, the world’s second largest economy is definitely faking their suspiciously consistent growth numbers.

“You can’t trust the numbers,” Bill Miller, CEO of LMM Investments, told a room full of investors at CNBC’s Delivering Alpha Conference this week.

Miller spoke on Wednesday, just hours after China announced that it once again hit its gross-domestic-product growth target of 7%.

This despite the fact that its economy seems to be experiencing a major slowdown.

But after 25 years of watching China hit the mythical 7% mark without fail, analysts understand the charade.

There are dead giveaways everywhere. The most obvious way to tell that China’s books are cooked, though, is by looking at how its neighbours are faring.

Miller noted that Singapore’s GDP has dropped 4.6% in just the last quarter, and that their manufacturing sector is down 14%. So why is that so telling? Because, Singapore does a lot of trading with China, and the contraction of their manufacturing industry is being caused by a lack of demand from the Chinese.

You can also look to Australia, another one of China’s major trading partners. They’re also experiencing a significant decline in exports.

But that’s just what’s going on outside of their country. When you look at what goes on in China itself, it’s hard to believe that they would still have consistently high growth numbers. It wasn’t that long ago that their stock market tanked by more than 30%. I can’t recall a single instance where a stock market fell like that, without it causing a contraction of that nation’s GDP.

 

And finally, China’s debt to GDP ratio is off the charts. While a large debt won’t kill the economy if it’s in the process of being paid for, China is experiencing quite the opposite. Their debt is actually increasing faster than their economy is supposedly growing. In 2008, their total debt, which includes business loans and household debt, amounted to 125% of their GDP. Today, that number stands at 207%.

That means that even if they’re not faking their growth numbers, their GDP is still a lie. Their growth is still being fueled by debt, which means that in the big scheme of things, it’s not really growth at all.

China is just like the United States and the EU. They’re just another massive world power that is using their economic clout to throw their weight around the world stage. And that economic clout is a big lie. When the world figures out how insolvent and unsustainable these nations really are, their house of cards is going to crumble.

 

New IMF Report on Greece Says Projections Are Unrealistically Optimistic

They went ahead with it, anyway

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by Eric Zuesse | Infowars.com | Originally published July 15, 2015

new IMF report on Greece, issued on Tuesday, July 14th, is titled “AN UPDATE OF IMF STAFF’S PRELIMINARY PUBLIC DEBT SUSTAINABILITY ANALYSIS,” and it says — these are quotations, not paraphrases — in summary

Greece’s public debt has become highly unsustainable. … The financing need through end-2018 is now estimated at Euro 85 billion. … Greece’s debt can now only be made sustainable through debt relief measures that go far beyond what Europe has been willing to consider so far. … Public debt cannot be assumed to migrate back onto the balance sheet of the private sector at interest rates consistent with debt sustainability until debt is much lower. Greece cannot return to markets anytime soon at interest rates that it can afford. … Medium-term primary surplus target: Greece is expected to maintain primary surpluses for the next several decades of 3.5 percent of GDP. Few countries have managed to do so. …

Shortfalls in program implementation during the last year led to a significant increase in the financing need [which was] estimated only a few weeks ago. … The preliminary (mutually agreed) assessment of the three institutions is that total financing need through end-2018 will increase to Euro 85 billion, or some Euro 25 billion above what was projected in the IMF’s published DSA [Debt Sustainability Analysis] only two weeks ago. … 

Debt would peak at close to 200 percent of GDP in the next two years. This contrasts with earlier projections that the peak in debt—at 177 percent of GDP in 2014—is already behind us.

By 2022, debt is now projected to be at 170 percent of GDP, compared to an estimate of 142 percent of GDP projected in our published DSA.

Gross financing needs would rise to levels well above what they were at the last review (and above the 15 percent of GDP threshold deemed safe) and continue rising in the long term.

Moreover, these projections remain subject to considerable downside risk, suggesting that there could be a need for additional further exceptional financing from Member States.

ADDITIONAL:

Though this report revises the previous IMF estimates, which had been issued just two weeks ago, the new report was (according to the Wall Street Journal) “circulated to eurozone officials over the weekend and published more broadly Tuesday.” This would mean that when the Greek government and its creditors reached agreement on Sunday night, July 12th, they already knew that the estimates on which their deal was reached were unrealistically optimistic. They went ahead with it, anyway.

The Greek public had overwhelmingly voted a week earlier to reject a deal that was less draconian than the one which was reached on July 12th, and yet the Greek government, which had urged them to vote against it, promptly ignored that vote against it, which the Greek government had been calling for. And, now, it appears that both sides to the deal even knew that its terms are impossible, yet ignored that, and agreed to it.

The persistent and ongoing deceit here is hard to square with widespread allegations that the EU is at all democratic. The origin of this loan and earlier loans to Greece (euphemistically called ‘bailouts,’ as if it weren’t the banks which were being bailed out by the taxpayers, instead of the Greek public, who had never received the benefits of those loans anyway) had been private investors in Greek government bonds, receiving high interest rates on these junk bonds, which turn out to have been guaranteed by Western publics bailing out Western banks. Between 2010 and 2015, the IMF and other Western taxpayer-supported debt-transfer agents, bought those bum loans and thus transferred those risks from private investors onto taxpayers. And now, this continues, though with one major added poison pill for the Greek public: “privatization.” Greek government assets, including everything from highways to health care, will be sold off to investors at steeply depreciated prices, so that the Greek public will have not only skyrocketing taxes but also disappearing government services. Obviously, the youth-unemployment rate of near 50% will become much worse, and virtually all young Greeks will move elsewhere in Europe, while their parents will die, or even increasingly commit suicide, in the soaring poverty of the Greek ghost-town state. Greece’s essential tourist industry will collapse. But the banks, and the investors in the bank stocks, will be protected. This is socialism for the rich, capitalism for the poor. Call it fascism.

 

Investigative historian Eric Zuesse is the author, most recently, of  They’re Not Even Close: The Democratic vs. Republican Economic Records, 1910-2010, and of  CHRIST’S VENTRILOQUISTS: The Event that Created Christianity.

3 Big Reasons Why The ‘Greek Debt Deal’ Is Really A German Trap

Greece is saved?

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by Michael Snyder | Economic Collapse | Originally published July 14, 2015

Greece is saved? All over the planet, news headlines are boldly proclaiming that a “deal” has been reached which will give Greece the money that it needs and keep it in the eurozone.

But as you will see below, this is not true at all.  Yesterday, when I wrote that “there never was going to be any deal“, I was not exaggerating.  This “deal” was not drafted with the intention of “saving Greece”.  As I explained in my previous article, these negotiations were all about setting up Greece for eviction from the euro.  You see, the truth is that Greece desperately wants to stay in the euro, but Germany (and allies such as Finland) want Greece out.  Since Germany can’t simply order Greece to leave the euro, they need some sort of legal framework which will make it possible, and that is what this new “deal” provides.  As I am about to explain, there are all kinds of conditions that must be satisfied and hurdles that must be crossed before Greece ever sees a single penny.  If there is a single hiccup along the way, and this is what the Germans are counting on, Greece will be ejected from the eurozone.  This “deal” has been designed to fail so that the Germans can get what they have wanted all along.  I think that three very famous words from Admiral Ackbar sum up the situation very well: “It’s a trap!

So why is this “Greek debt deal” really a German trap?

The following are three big reasons…

#1 The “Deal” Is Designed To Be Rejected By The Greek Parliament

If Germany really wanted to save Greece, they would have already done so.  Instead, now they have forced Greek Prime Minister Alexis Tsipras to agree to much, much harsher austerity terms than Greek voters overwhelmingly rejected during the recent referendum by a vote of 61 percent to 39 percent.  Tsipras has only been given until Wednesday to pass a whole bunch of new laws, and another week to make another series of major economic changes.  The following comes from CNN

Greece has to swiftly pass a series of new laws. Prime Minister Alexis Tsipras has until Wednesday to convince Parliament to pass the first few, including pension cuts and higher taxes.

Assuming that happens, Greek lawmakers have another week, until July 22, to enact another batch of economic changes. These include adopting European Union rules on how to manage banks in crisis, and do a major overhaul to make Greece’s civil courts faster and more efficient.

Can Tsipras actually get all this done in such a short amount of time?

The Germans are hoping that he can’t.  And already, two of Syriza’s coalition partners have publicly declared that they have no intention of voting in favor of this “deal”.  The following is from a Bloomberg report

Discontent brewed as Tsipras arrived back in the Greek capital. Left Platform, a faction within Syriza, and his coalition partners, the Independent Greeks party, both signaled they won’t be able to support the deal. That opposition alone would wipe out Tsipras’s 12-seat majority in parliament, forcing him to rely on opposition votes to carry the day.

The terms of the “deal” are not extremely draconian because the Germans want to destroy Greek sovereignty as many are suggesting.  Rather, they are designed to provoke an overwhelmingly negative reaction in Greece so that the Greeks will willingly choose to reject the deal and thus be booted out of the euro.

And this is what we are seeing.  So far, the response of the Greek public toward this deal has been overwhelmingly negative

Haralambos Rouliskos, a 60-year-old economist who was out walking in Athens, described the deal as “misery, humiliation and slavery”.

Katerina Katsaba, a 52-year-old working for a pharmaceutical company, said: “I am not in favour of this deal. I know they (the eurozone creditors) are trying to blackmail us.”

On Wednesday, the union for Greek public workers has even called a 24 hour strike to protest this “agreement”

Greece’s public workers are being called to stage a 24-hour strike on Wednesday, the day their country’s parliament is to vote on reforms needed to unlock the bankster eurozone plan agreed to by Greek Prime Minster Alex Tsipras.

Their union, Adedy, called for the stoppage in a statement issued today, saying it was against the agreement reached with the eurozone.

The Greek government is not guaranteed any money right now.

According to Bloomberg, the Greek government must pass all of the laws being imposed upon them by the EU “before Greece can even begin negotiations with creditors to access a third international bailout in five years.”

The Germans and their allies are actually hoping that there is a huge backlash in Greece and that Tsipras fails to get this package pushed through the Greek parliament.  If that happens, Greece gets ejected from the euro, and Germany doesn’t look like the bad guy.

#2 Even If The “Deal” Miraculously Gets Through The Greek Parliament, It May Not Survive Other European Parliaments

The Greek parliament is not the only legislative body that must approve this new deal.  The German and Finnish parliaments (among others) must also approve it.  According to USA Today, it is being projected that the German and Finnish parliaments will probably vote on this new deal on Thursday or Friday…

Thursday/Friday, July 16/17: Eurozone parliaments must also agree to the plan for Greece’s $95 billion bailout. The biggest tests may come from Finland and Germany, two nations especially critical of Greece’s handling of the crisis. Berlin has contributed the most to Greece’s loans.

Either Germany or Finland could kill the entire “deal” with a single “no” vote.

Finnish Finance Minister Alexander Stubb has already stated that Finland “cannot agree” with a new bailout for Greece, and it is highly questionable whether or not the German parliament will give it approval.

I think that the Germans and their allies would much prefer for the Greeks to reject the deal and walk away, but it may come down to one of these parliaments drawing a line in the sand.

#3 The Deal Makes Implementation Extraordinarily Difficult

If Greece fails to live up to each and every one of the extremely draconian measures demanded in the “deal”, they will be booted from the eurozone.

And if you take a look at what is being demanded of them, it is extremely unrealistic.  Here is just one example…

For instance, the Greek government agreed to transfer up to 50 billion euros worth of Greek assets to an independent fund that will raise money from privatization.

According to the document, 25 billion euros from this fund will be poured into the banks, 12.5 billion will be used to pay off debt, and the remaining 12.5 billion to boost the economy through investment.

The fund will be based in Greece and run by the Greeks, but with supervision from European authorities.

Where in the world is the Greek government going to find 50 billion euros worth of assets at this point?  The Greek government is flat broke and the banks are insolvent.

But if they don’t find 50 billion euros worth of assets, they have violated the agreement and they get booted.

This whole thing is about setting up Greece for failure so that there is a legal excuse to boot them out of the euro.

And it actually almost happened very early on Monday morning.  The following comes from Business Insider

As the FT tells it, German Chancellor Angela Merkel and Greek Prime Minister Alexis Tsipras rose from their chairs at 6 a.m. on Monday and headed for the door, resigned to a Greek exit from the euro.

“Sorry, but there is no way you are leaving this room,” European Council president Donald Tusk reportedly said.

And so a Grexit was avoided.

For the moment, Greece has supposedly been “saved”.

But anyone that believes that this crisis is “over” is just being delusional.

The Germans and their allies have successfully lured the Greek government into a trap. Thanks to Tsipras, they have been handed a legal framework for getting rid of Greece.

All they have to do now is wait for just the right moment to spring the trap, and it might just happen a lot sooner than a lot of people may think.

 

Sealed HSBC Report Shows U.S. Managers Battling Clean-up Squad

Managers from unit battled auditors with four-part strategy — Discredit, Deny, Deflect and Delay

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by Greg Farrell | Bloomberg | Originally published July 7, 2015

HSBC Holdings Plc, smarting from a $1.9 billion fine for providing banking to money launderers and sanctions-dodgers, promised U.S. officials it would clean up its act.

Within a year, its reform efforts met resistance from leaders of HSBC’s U.S. investment-banking unit — some of whom mounted a campaign of bullying, footdragging and discrediting against in-house watchdogs, according to previously unreported details from a report by the bank’s court-appointed monitor.

HSBC agreed to submit to the monitor’s oversight in late 2012, as part of a pact with the U.S. Justice Department that required it to bolster its in-house controls. Armed with that directive, HSBC compliance officers singled out a half-dozen clients whose activities could put the London-based bank at risk — including a Saudi bank that had been linked to Sept. 11, 2001, hijackers — and advised the U.S. investment-banking division to consider dropping those relationships.

There was no indication that the U.S. managers jumped to investigate. Instead, some of them requested that the six banks’ alleged sins be omitted from an in-house audit that compliance-team members were preparing to submit to HSBC’s top executives. The compliance team’s final audit omitted specifics about the banks, according to the monitor’s report.

As that audit took shape, U.S. investment banking managers put up other resistance, according to the court-appointed monitor’s report: One manager shouted at a compliance officer for wasting his time and dismissed her findings. Overall, the report says, managers from the unit battled auditors with what one compliance officer characterized as a four-part strategy — Discredit, Deny, Deflect and Delay.

Read more

Maintaining the Illusion of Stability Now Requires Ever-Greater Extremes

Brittleness is being passed off as stability

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by Charles Hugh Smith | Of Two Minds | July 10, 2015

 

This much-needed re-set to an economy that serves the many rather than the few is what the Powers That Be are so fearful of.

On the surface, everything still looks remarkably stable in the core industrial economies. The stock markets in Japan, Germany and the U.S. are only a few percentage points off their highs, and we’re constantly assured that inflation no longer exists and official unemployment is low.

In other words, other than the spot of bother in Greece, life is good. Anyone who signs on the dotted line for easy credit can go to college, buy a car or house or get another credit card.

With more credit, everything becomes possible. With unlimited credit, the sky’s the limit, and it shows.

Europe is awash with tourists from the U.S., China and elsewhere, and restaurants are jammed in San Francisco and New York City, where small flats now routinely fetch well over $1 million.

In politics, the American public is being offered a choice of two calcified, dysfunctional aristocracies in 2016: brittleness is being passed off as stability, not just in politics but in the economy and the cultural zeitgeist.

But surface stability is all the status quo can manage at this point, because the machine is shaking itself to pieces just maintaining the brittle illusion of prosperity and order.

 

Consider what happened in Greece beneath the surface theatrics.

1. Goldman Sachs conspired with Greece’s corrupt kleptocracy to conjure up an illusion of solvency and fiscal prudence so Greece could join the Eurozone.

2. Vested interests and insiders gorged on the credit being offered by German and French banks, enriching themselves to the tune of tens of billions of euros, which were transferred to private accounts in Switzerland at the first whiff of trouble. When informed of this, Greek authorities took no action; after all, why track down your cronies and force them to pay taxes when tax evasion is the status quo for financial elites?

3. If Greece had defaulted in 2010 when its debt was around 110 billion euros, the losses would have fallen on the banks that had foolishly lent the money without proper due diligence or risk management. This is what should have happened in a market economy: those who foolishly lent extraordinary sums to poor credit risks take the resulting (and entirely predictable) losses.

4. But since the big European banks that were on the hook for the 110 billion in bad debt were highly leveraged (estimates are 30 to 1), then a mere 5% loss in their capital would render them insolvent–a Lehman Moment of cascading defaults that the European leadership could not allow, as not only would their cronies lose fortunes but they would lose power when the fragile house of cards they’d constructed collapsed.

Here is the debt in 2009–mostly owed to private banks and bondholders:

5. The status quo’s solution: transfer all the private bank debt to the taxpayers of the Eurozone members and loan Greece another 200+ billion euros in exchange for the illusion of reform and a squeezing of average Greek households to pay the interest due on the ballooning debt.

Here is the debt in 2015–almost all was shifted onto the backs of Eurozone taxpayers:

6. Five years later, the debt has exploded to 340 billion euros, triple the debt that should have been written off in 2010 when it became clear Greece could not pay the debt down or even service the interest payments.

7. Five years of austerity and suffering by the Greek people have all been for naught, as the entire euro system is untenable, the debt cannot be paid and the simulacra reforms did nothing to change the power structure or the corrupt, dysfunctional status quo in the country.

8. To maintain the surface illusion of stability for five years, the Powers That Be tripled the debt, vastly increased the risk of default and the damage a default would unleash, and caused undue suffering above and beyond the costs of default and a return to a national currency–a re-set that, if undertaken when it became clear there was no way the debt could be paid in 2010, would already be over and done.

This re-set, while painful in the short-term, is the only mechanism available to force reforms on a self-serving kleptocracy and rid the economy of a dependence on unsustainable credit expansion.

This much-needed re-set to an economy that serves the many rather than the few is what the Powers That Be are so fearful of, for it is the few who garner most of the gains of a corrupt, fully financialized neofeudal system and it is these few who fund the election campaigns of the politicos who are so desperate to maintain the perquisites of the Financial Nobility.

Austerity is meted out to debt-serfs while those at the top transfer tens of billions to their private accounts.

There are variations of this basic flow of income from serfs to the nobility, of course; stock market bubbles are inflated by authorities, insiders sell, sell, sell as credulous banana merchants and wage-earners buy, and then when the bubble bursts, these same authorities ban selling by the small-fry bagholders.

But this is not real stability; it is a brittle simulacrum of stability, an illusion that has required the status quo to pursue extremes of policy and debt that are intrinsically incapable of yielding stability.

In effect, the status quo has greatly increased the system’s vulnerability, fragility and brittleness–the necessary conditions for catastrophic collapse–all in the name of maintaining a completely bogus facade of stability for a few more years.

 

 

 

 

 

Our worst fears about the market are coming true

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Sean Goldsmith in The Stansberry Digest: 

Today’s Digest carries a grave warning: Our worst fears about the global monetary system are coming true. The wheels are starting to fall off. A crash could be just around the corner.

Below, we’ll show you the specific steps we’re taking to prepare… and how you can do the same. But first, we need to explain how and why the global monetary system is coming unglued. We do this by explaining what’s going on in the giant global market that you probably know nothing about.

Most investors don’t pay any attention to the currency market. But they should.

The currency market is the world’s largest, most important market. It’s where governments, corporations, and investors execute trillions of dollars’ worth of transactions every day. It’s where a Japanese carmaker goes to exchange money earned in American dollars to pay expenses in Japanese yen. It’s where a U.S.-based hotel chain must exchange euros earned in Germany into dollars that can sit in its U.S. bank account. It’s where nations buy and sell currencies by the billions in the normal course of doing business.

The currency market is far, far larger than the stock market. After all, it’s the market for money. When there are real problems in the economy, you see them clearly in the currency market.

We realize the currency market isn’t as exciting as the next Apple or the next Facebook. It doesn’t have the allure of making a killing in a big oil strike. You won’t hear your brother-in-law opining on the likely direction of the Australian dollar.

But ignoring this market – and the messages it is sending right now – is a huge mistake that could bankrupt you and your family.

As you’re about to see, many of the world’s major currencies are plummeting in value right now. They’re plummeting in response to insane government policies that constitute the largest monetary experiment in human history. Monetary experts like Jim Rickards say these policies constitute “currency wars.” This is where the politicians of major economies actively devalue their currencies in order to make their exports cheaper to the rest of the world… and make it so they can pay off debts with devalued currencies. It’s truly a “race to zero.”

The result of this experiment will be financial disaster. And you must take steps to protect yourself.

For example… you may have heard the value of the Japanese yen is declining. But do you know why?

A nation’s currency is like a rough “stock price” of that nation. Generally speaking, if a country manages its finances well and engages in productive behavior, its currency appreciates over the long term. If a country racks up huge debts and runs its finances like a drug addict, its currency depreciates over the long term.

For example, Zimbabwe and Venezuela are two of the worst-managed economies of the last decade. The leaders of these nations treated the national coffers as a personal piggy bank… While they got rich, their constituents toiled in poverty and suffered hyperinflation. Zimbabwe’s currency has lost nearly 75% of its value since 2009 (when its currency was reissued). Venezuela’s currency has lost 70% of its value over the past 10 years.

This brings us to Japan. Japan is the world’s third-largest economy. It’s a leader in automobile and electronics production. But the country announced it officially entered a recession in November… The country’s GDP shrank an annualized 7.1% in the second quarter of 2014 from the previous quarter.

This recession hit despite Prime Minister Shinzo Abe’s massive quantitative easing (QE) in an effort to stimulate Japan’s economy. Beginning in 2012, Abe printed 60 trillion to 70 trillion yen a year (nearly $600 billion). Following the recent recession announcement, Abe said he would up the QE to 80 trillion yen ($676 billion).

Bank of Japan Governor Haruhiko Kuroda said the increased QE “shows our unwavering determination to end deflation.” In other words, Japan will print and print and print…

Recklessly expanding a country’s monetary base is disastrous for its currency. And Abe’s efforts have caused a huge decline in the trade value of the Japanese yen. It’s in a clear downtrend.

The yen lost 33% of its value since late 2012, hitting a seven-year low against the dollar. This is an enormous move for a major currency.

And how about the euro, currency of the world’s largest economic bloc, the European Union?

Regular Digest readers know the European economy is struggling. The high-tax welfare states of France, Spain, Portugal, Italy, and Greece are drowning in debt. Their economies are slowing and deflation is taking hold. Unemployment is soaring. And like Japan, this dire outcome follows massive easing from the European Central Bank.

These economies simply can’t compete with Asia and North America. Naturally, the central bankers are responding with more stimulus and currency devaluation.

Just last week, European Central Bank President Mario Draghi announced he would flood the European currency union with more than $1 trillion in newly created money. It’s a desperate attempt from a desperate group of politicians. Instead of asking citizens to make needed changes in government policy – so-called “austerity” like less welfare – the politicians chose currency devaluation. This sent the euro to an 11-year low against the dollar. It has plummeted 19% since April…

Please keep in mind the enormity of this move. A 19% decline is a stupendous move for a major currency. This isn’t a high-flying tech stock. It’s not a speculative gold stock. This is the value of bank accounts. This is the value of debts. This is the currency of the world’s largest economic bloc. And it’s falling apart.

But it’s not just happening in Europe and Japan. Almost every major currency (save the U.S. dollar) is getting destroyed.

The plunge in oil prices has killed the Canadian dollar. And Canada’s central bank, the Bank of Canada, worsened the decline this month when it cut its benchmark interest rate by 0.25 percentage points to 0.75%.

The Australian dollar plunged 17% from its 52-week high on July 1. And investors believe the Reserve Bank of Australia will cut rates to a record low from today’s 2.5%.

Falling oil prices, a war with Ukraine, and economic sanctions from the U.S. have destroyed the Russian ruble.

And in one of the wildest currency moves in history, the Swiss franc soared as much as 39% against the euro in one day following the Swiss National Bank’s removal of its peg to the euro.

Unlike the rest of the currencies we discussed today, the Swiss franc – a longtime safe-haven asset – appreciated. We’re simply noting that the currency of a stodgy, economically sound country like Switzerland should never experience such volatility.

Something is wrong in the currency markets today…

Despite the madness, we are seeing one bright spot: Gold.

Expansion of the global money supply is generally bullish for the precious metal. Still, the price has slumped. But, as we discussed in the January 20 Digest and the January 21 Digest, gold is forming a bottom.

As you can see from the chart below, gold is breaking out…

Steve Sjuggerud, Matt Badiali, and Jeff Clark are all urging their subscribers to invest in gold right now.

In short, governments can print more money, but they can’t print more gold. And with interest rates across the world at record lows (and in some cases, negative), gold is even more attractive.

Many readers have asked why gold and the U.S. dollar are moving up in lockstep… They believe gold is the “anti-dollar.” But that’s not the case.

Gold is performing well for two main reasons…

First, gold is a currency. In our opinion, it’s the safest currency by a mile because it has no counterparty risk. And again, you can’t print more of it. People are starting to realize this and they’re diversifying into the precious metal.

Second, gold benefits from the “fear trade.” When people get scared of what’s happening in the markets, they want the security of owning gold.

As you can see from the charts above, the world is losing faith in fiat money… so people are rushing to safe-haven assets like the world’s reserve currency (the dollar) and gold.

We’ve been warning about this event for years. We knew global central banks couldn’t continue to boost their economies via quantitative easing forever. Eventually, those debts come due… Eventually, the world loses faith in manipulated fiat currencies.

But what happens then?

As Porter said last week on an episode of Stansberry Radio, “We are in the early stages of the complete collapse of global capitalism.” He thinks stocks could fall by 50% or more.

Regardless of when the market correction comes, you have an incredible opportunity to buy gold today.

The metal is trading for less than $1,300 an ounce, down from its 2011 high of $1,900. We think it could easily hit $2,000 an ounce this year. Jim Rickards, who wrote the book Currency Wars and is an expert on this topic, believes gold will hit $7,000 an ounce one day.

And that’s based on the actions already taken by central banks.

But we’ll undoubtedly see many more shocks to the system in coming years…

For example, it’s possible the euro will disband.

The anti-austerity party Syriza just won the elections in Greece. The party, led by Alexis Tsipras, rallied support by saying Greece would not repay the hundreds of billions of dollars it owes to the “troika” – the Eurpean Central Bank, International Monetary Fund, and European Union (EU).

Upon election, Tsipras softened his language, saying he plans to write Greece’s debt down while abandoning the budget constraints that were part of Greece’s bailout. He also said Greece will stay in the European currency union.

Given politicians’ long history of false statements, we’re not putting much weight in Tsipras’ claims.

Even if Greece does stay in the euro bloc, we’ll see shocks to the system throughout these negotiations. And we’ll likely see more and more Europeans join the “anti-austerity” mindset – with more fringe parties winning elections in the EU.

And the global race to zero is still on… Central banks will continue doing what they’ve always done – printing money. But the consequences are only getting more severe.

So… what actions should you take?

Porter advises everyone to have at least 10% of your net worth in physical gold before you put a penny in the stock market.

If you still need to purchase physical gold, we recommend using two dealers: Van Simmons at David Hall Rare Coins and Rich Checkan at Asset Strategies International.

As we always remind readers, we receive no compensation for recommending their services. You can reach Van at 1-800-759-7575 or by e-mail at van@davidhall.com , and you can reach Rich at 1-800-831-0007 or by e-mail at contactus@assetstrategies.com .

Following that, you should definitely own gold stocks. And when it comes to gold stocks, one man’s track record has outperformed the rest… His name is John Doody.

John’s proprietary method for investing in gold stocks has returned 636% since 2001 – double the gains of bullion.

And right now, John is imploring his subscribers to purchase gold stocks. (He also put his money where his mouth is and personally invested a fortune in the sector.)

But outside of a small group of investors, not many people know about John’s investment strategies.

That’s why a self-proclaimed “financial survivalist” recently published the details online…

Giant profit opportunities don’t come around often in gold stocks. And when they do, it’s important you take advantage… because these stocks soar when the trend moves up.

You can get all the details right here.

 

 

France Announces Plans To Hold The Internet Responsible For Terrorism – be ready to loose OUR FREEDOM

internet

Purely hamfisted attempt to label innocent service providers as “accomplices”

Timothy Geigner | Techdirt | January 27, 2015

And on it goes. In the wake of the Charlie Hebdo attacks, much of the world rallied around a French magazine’s free speech right to publish controversial text and images concerning Islam, a major world religion. Since that solidarity was expressed, France has strategically sought to undermine its own support of free expression through some of the most arcane law enforcement actions concerning speech to date. From arresting comedians, to threats against news organizations, all the way to stepping into the muck with a bunch of racist idiots, France has shown that it’s not a country that defends free and open speech — but rather one that only defends the speech with which it agrees. But if any of that troubled you, you may be disappointed to learn that it was only the precursor to a full on attack on free speech on the internet.

President Francois Hollande said Tuesday in Paris the government will present a draft law next month that makes Internet operators “accomplices” of hate-speech offenses if they host extremist messages. Interior Minister Bernard Cazeneuve said he will travel to the U.S. to seek help from the heads of Twitter Inc. (TWTR) and Microsoft Corp. (MSFT) as well as Google and Facebook. Spokesmen for the companies did not immediately return requests for comment.

It’s exactly the wrong move on France’s part. What was once a rallying moment for Western values and open speech has now devolved into a full-on attempt to censor speech online. If this law passes, internet services will have no choice but to seek to proactively censor all sorts of speech just to avoid liability. It’s the exact opposite of the systems and policies that made the internet such a welcome home to free expression.

It would be one thing if any part of this plan made even the least bit of sense, which it doesn’t, but where this gets really stupid is in the strategic impact this would have were it to be put in place. Extremists that have since gathered online will now be pushed back into places where they cannot be so easily monitored. What was essentially a honeypot of sorts will be neutered. How does that make even the smallest amount of sense, even throwing aside the horrific implications this has on France’s willingness to censor speech it does not care for?

Add to that the purely hamfisted attempt to label innocent service providers as “accomplices” under the shade of a recent terror attack, and you might think this couldn’t get any more cynical. You’d be wrong.

Hollande, speaking at a Paris memorial for Jews deported during World War II, said he would discuss a crackdown on racist and extremist Internet posts with global leaders at a ceremony at Auschwitz, Poland, on Tuesday as they meet to commemorate the death camp’s liberation 70 years ago. At last week’s World Economic Forum in Davos, Switzerland, Hollande called on Internet companies to help identify and shut down illegal content. France has laws against making racist statements or denying the Holocaust.

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“Out Of My Face Please” – Why Are US Soldiers In Mariupol?

 

US soldier

The response, which requires no translation, speaks for itself

Zero Hedge | January 26, 2015

Amid the devastation of yesterday’s Mariupol artillery strikes which killed or wounded dozens, which was promptly blamed by both sides on the “adversary” – and has been proclaimed by both ‘sides’ (more on that later) as more violent than before the truce – an ‘odd’ clip has emerged that appears to provide all the ‘proof’ a US intelligence officer would need to surmise that US military boots are on the ground in Ukraine. As the following clip shows, a Ukrainian journalist approaches what she thinks is a Ukrainian soldier (since he is wearing a Ukrainian military uniform and is carrying an AK) and asked him as they run through the battlezone, “tell me, what happened here?” His response, which requires no translation, speaks for itself.

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Obama Authorized CIA To Fund Al-Qaeda Overthrow of Libya

ObamaIsis

President floods radical jihadists with cash and weapons

Infowars.com | January 21, 2015

Probe of military experts say that the U.S. has “switched sides” in the war on terror.

(Ed: Alex Jones interviews Dr Jarom Corsie regarding Intelligence reports leaked which exposes Obama as a fraud, and working with the Islamic State or Terror while at the same time, sending US Troops together with Nato troops to fight these terrorists…)

Captureobamaasama

Watch this revealing Report Filed here on YouTube

Australia raises terror threat level against police to ‘high’

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“…the terrorism threat level against police is assessed as high…,” say Australian Federal Police

Matt Siegel | Reuters | January 20, 2015

Australia raised the threat level of a terrorist attack against law enforcement officers to “high” on Tuesday, federal police said, citing intelligence, discussions with international partners and recent high-profile attacks in Europe and Canada.

The change in the threat level for police officers brings it in line with the current threat level against the general public, which was raised to high in September and has remained so following a hostage crisis in Sydney in December.

“As a result of intelligence information and discussions with our partners, the terrorism threat level against police is assessed as high, which is commensurate with the broader threat level for the community,” the Australian Federal Police (AFP) said in a statement.

“Recent events in France, Canada and Australia serve as a sobering reminder of the risks associated with policing,” the statement said.

Read more

 

Report: Turkey’s Prime Minister Caught Arming al-Qaeda, ISIS

turkeyprimeminister

NATO ally shipping missiles to al-Qaeda in Syria

Kit Daniels | Infowars.com | January 20, 2015

Turkey’s prime minister, a NATO ally, is shipping arms to al-Qaeda and ISIS via Syria-bound trucks operated by the country’s intelligence agency, according to Turkish military officials.

Prime Minister Ahmet Davutoglu banned media from reporting on three of the trucks searched by the military’s Gendarmerie General Command, which discovered 45 to 55 missiles or rockets, 30 to 40 crates of ammunition, including mortar rounds, and Douchka anti-aircraft ammunition.

“The trucks were carrying weapons and supplies to the al-Qaeda terror organization,” a report by the Gendarmerie General Command stated.

Davutoglu also removed public prosecutor Aziz Takei from office for ordering the search.

Additionally, the 13 soldiers involved in the search have been charged with espionage and are facing 20-year prison terms.

“Though the scandal is tearing the country apart, the government opted for its favorite tactic of covering it up,” Turkish journalist Fehim Taştekin reported. “A court in Adana banned written, visual and Internet media outlets from any reporting and commenting on the stopping of the trucks and the search.”

“All online content about the incident has been deleted.”

Except for one video, which is available here.

 

The Gendarmerie General Command and Takei ordered the search at the Turkey/Syria border after receiving a tip that the trucks were carrying weapons and explosives to al-Qaeda in Syria.

“While the trucks were being escorted to Seyhan Gendarmerie Command for an extensive search, MIT [Turkey’s intelligence agency] personnel accompanying the trucks in an Audi vehicle blocked the road to stop the trucks,” Taştekin wrote. “When MIT personnel seized the keys from the trucks’ ignitions, an altercation ensued.”

“MIT personnel instructed the truck drivers to pretend their trucks had malfunctioned and committed physical violence against gendarmerie personnel.”

“The governor of Adana, Huseyin Avni Cos, arrived at the scene and declared, ‘The trucks are moving with the prime minister’s orders’ and vowed not to let them be interfered with no matter what,” he continued. “With a letter of guarantee sent by the regional director of MIT, co-signed by the governor, the trucks were handed back to MIT.”

ISIS militants are already roaming around freely in Istanbul, Turkey, without fear of local authorities, emphasizing the support ISIS enjoys from the Davutoglu government.

The Turkish government has even trained ISIS militants to fight in Syria.

 

“…After training in Turkey, thousands of ISIS fighters went to Iraq by way of Syria to join the effort to establish an Islamic caliphate subject to strict Islamic law, or Shariah,” Aaron Klein of WND reported.

The centuries-old conflict between Sunni and Shia Muslims and the trillions of dollars in potential oil and gas revenue in Syria are both key factors motivating the Sunni-dominated Davutoglu government to support ISIS in its proxy war to overthrow the Shia-dominated Syrian government of Bashar al-Assad.

In 2011, Syria announced the discovery of a promising gas field in Homs, which, not surprisingly, became a battleground between Assad’s forces and ISIS, preventing Syria from fully tapping into the field.

Syria also rivals Turkey as one of the most strategic locations for natural gas pipelines to flow into Europe from Asia.

“Syria is the site of the proposed construction of a massive underground gas pipeline that, if completed, could drastically undercut the strategic energy power of U.S. ally Qatar and also would cut Turkey out of the pipeline flow,” Klein also reported. “Dubbed the ‘Islamic pipeline,’ the project may ultimately favor Russia and Iran against Western energy interests.”

But like the gas field in Homs, the construction of the nearly 3,500-mile pipeline has also been delayed by Syria’s war with ISIS.

This definitely helps Turkey, which views the proposed Islamic pipeline through Syria as a threat to its goal of becoming the main transit point for oil and gas flowing from East to West.

And NATO does not want Russia to benefit from a pipeline through Syria.

If the Davutoglu government can successfully use ISIS to topple Assad and install a puppet government in Syria, Turkey stands to gain trillions while also helping NATO isolate Russia.

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Hidden Agenda of Global Warming Hoax: One-World Government

The Swami

 

 

 

 

 

 

 

Marc Morano explains how a majority of global warming research is derived from establishment-approved sources

Infowars.com | January 18, 2015

The global warming establishment and the media are crowing about 2014 being the hottest year on record.

 

climate

 

Marc Morano, founder of ClimateDepot.com, explains how bought-and-paid-for scientists are using skewed data to help further the UN agenda of one-world government.

 

Putin Strikes Back: Russia Cuts Off European Gas Supplies, Starts Selling Dollars: “The Decision Has Been Made”

putin-chess

Strategic moves will eventually catalyze the next great war

Mac Slavo | SHTFPlan.com | January 15, 2015

Vladimir Putin has been silent lately. But if anyone thought he had been shamed into defeat or marginalized, then think again.

In the last few hours Russia has announced two key strategic decisions that show they are not going to stand idly by while their economy and way of life are destroyed by Western forces.

First, presumably in response to stiff sanctions leveled by the United States and the European Union after the annexation of Crimea last year, Russia has cut off 60% of Europe’s gas supplies right in the middle of winter. This has caused an almost immediate crisis in six European nations that have seen a complete cut-off to their supplies – Bulgaria, Greece, Macedonia, Romania, Croatia and Turkey – with more to follow. According to reports via Zero Hedge, the effect has been almost instantaneous.

Without Russia residents across Europe have no way of staying warm.

Vladimir Putin ordered the Russian state energy giant Gazprom to cut supplies to and through Ukraine amid accusations, according to The Daily Mail, that its neighbor has been siphoning off and stealing Russian gas. Due to these “transit risks for European consumers in the territory of Ukraine,” Gazprom cut gas exports to Europe by 60%, plunging the continent into an energy crisis “within hours.” Perhaps explaining the explosion higher in NatGas prices (and oil) today, gas companies in Ukraine confirmed that Russia had cut off supply; and six countries reported a complete shut-off of Russian gasThe EU raged that the sudden cut-off to some of its member countries was “completely unacceptable,” but Gazprom CEO Alexey Miller later added that Russia plans to shift all its natural gas flows crossing Ukraine to a route via Turkey; and Russian Energy Minister Alexander Novak stated unequivocally, “the decision has been made.”

Russia has taken similar steps in the past because of non-payment but turned the gas supplies back on once deals were reached.

This time, however, there won’t be a deal.

Russia says it will deliver the gas through Turkey, and then it’s up to the European Union to build the infrastructure that will transport it to the rest of the continent, as noted by Bloomberg.

“Transit risks for European consumers on the territory of Ukraine remain,” Miller said in an e-mailed statement. “There are no other options” except for the planned Turkish Stream link, he said.

“We have informed our European partners, and now it is up to them to put in place the necessary infrastructure starting from the Turkish-Greek border,” Miller said.

“The decision has been made,” Novak said. “We are diversifying and eliminating the risks of unreliable countries that caused problems in past years, including for European consumers.”

Europe, of course, does not have the necessary infrastructure in place for this, and Vladimir Putin most certainly knew this before he shut off the spigots.

Second, and perhaps even more significant than the overt move to show Europe who’s boss, Putin took a direct shot at the United States.

Also from Zero Hedge:

As Bloomberg reports Russia“may unseal its $88 billion Reserve Fund and convert some of its foreign-currency holdings into rubles, the latest government effort to prop up an economy veering into its worst slump since 2009.”

These are dollars which Russia would have otherwise recycled into US denominated assets. Instead, Russia will purchase even more Rubles and use the proceeds for FX and economic stabilization purposes.

“Together with the central bank, we are selling a part of our foreign-currency reserves,” Finance Minister Anton Siluanov said in Moscow today. “We’ll get rubles and place them in deposits for banks, giving liquidity to the economy.”

Call it less than amicable divorce, call it what you will: what it is, is Russia violently leaving the ranks of countries that exchange crude for US paper.

What we are seeing are the strategic moves that will eventually catalyze the next great war. And make no mistake, this is exactly what’s in store for the world should these escalations continue.

 

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Sprayed on our Food, Round Up Deemed ‘Toxic Household Waste’ by Trash Collectors

round-up-monsanto

Chemical labeled the same as paint thinner, mercury, CFL light bulbs and antifreeze

Christina Sarich | Natural Society | January 14, 2015

Did you know that you should not put a bottle of Round Up in your municipal trashcan for pick up? If that is the case, then why on Earth would we put that same chemical trash into our bodies?

Yep – Round Up, Monsanto’s favorite herbicide and one of their best-selling products, is considered a Hazmat issue for local cities and towns. It isn’t supposed to be disposed of in your regular trash pick-up. According to the Department of Public Works, “Employees can be harmed by their toxic fumes.”

Monsanto’s Round Up is in the same category for trash removal as paint, paint thinner, furniture polish, mercury, swimming pool chemicals, CFL and fluorescent light bulbs, and antifreeze.

I certainly wouldn’t eat antifreeze, would you? I know that question may sound a bit insulting, but how is it then that we allow (through the voting process and complicit agreement) the EPA to hike up allowable glyphosate (the main ingredient in Round Up) levels? They’ve done it not once, but multiple times.

Now – the allowed level in teff animal feed is 100 parts per million (ppm); and in [GM] oilseed crops, 40 ppm. Allowed levels in some fruits and vegetables eaten by humans have also risen.

As a comparison, malformations in frog and chicken embryos were documented by Prof Andres Carrasco’s team at 2.03 ppm glyphosate (when injected into the embryos).

We also know that glyphosate exposure boosts harmful bacterial growth in the gut and eliminates healthful bacteria – making our body’s own trash eliminator – the GI tract – highly compromised.

Dr. Krüger explains in the study’s abstract:

“During the last 10-15 years, an increase of Clostridium botulinum associated diseases in cattle has been observed in Germany. . . The normal intestinal microflora is a critical factor in preventing intestinal colonisation by C. botulinum as shown in the mouse model of infant botulism. . . .

A reduction of LAB in the GIT microbiota by ingestion of strong biocides like glyphosate could be an explanation for the observed increase in levels of C. botulinum associated diseases.

In the present paper, we report on the toxicity of glyphosate to the most prevalent Enterococcus spp. in the GIT. Ingestion of this herbicide could be a significant predisposing factor that is associated with the increase in C. botulinum mediated diseases in cattle.”

Remember – you should contact your local authorities when you are going to dispose of Round Up, even an empty bottle. But we keep spraying it on our food – no worries there.

 

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Paris attack designed to shore up France’s vassal status

french-flag

False flag operations in Europe to create hatred against Muslims

Press TV | January 12, 2015

A former White House official says the terrorist attack that killed 12 people on Wednesday in Paris was a false flag operation “designed to shore up France’s vassal status to Washington.”

Dr. Paul Craig Roberts, who was Assistant Secretary of the Treasury in the Reagan Administration and associate editor of the Wall Street Journal, made the remarks in an article published on Thursday.

“The suspects can be both guilty and patsies. Just remember all the terrorist plots created by the FBI that served to make the terrorism threat real to Americans,” he wrote.

He said that the French economy is suffering from the US-imposed sanctions against Russia. “Shipyards are impacted from being unable to deliver Russian orders due to France’s vassalage status to Washington, and other aspects of the French economy are being adversely impacted by sanctions that Washington forced its NATO puppet states to apply to Russia.”

Dr. Roberts stated that French President Francois Hollande this week said that the sanctions against Russia should end. “This is too much foreign policy independence on France’s part for Washington.”

He added that the CIA has apparently resurrected a policy that it followed against Europeans during the post-WW II era when the US spy agency would carry out attacks in European states and blame them on communist groups.

Dr. Roberts said now the US agencies have planned false flag operations in Europe to create hatred against Muslims and bring European countries under Washington’s sphere of influence.

He noted that “the attack on Charlie Hebdo was an inside job and that people identified by NSA as hostile to the Western wars against Muslims are going to be framed for an inside job designed to pull France firmly back under Washington’s thumb.”

The widely read columnist stated that the US “government tells Americans whatever story the government puts together and sits and laughs at the gullibility of the public.”

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Islamic State Prepares to Slaughter Christians in Libya

libyancrisis

Another chapter of the clash of civilizations agenda

Kurt Nimmo | Infowars.com | January 12, 2015

It is designed to enflame the West and push the neocon version of the clash of civilizations.

The end game is a war between Christians and Muslims that will allow the global elite to reorder the Middle East and resource-rich Africa. It will also usher in decades of war profitable to core industries, including the so-called security sector now building a police state surveillance grid in the West and the military industrial complex.

The ISIS and radical jihadi meme continually introduces new horrors and outrages to be consumed.

For instance, on the heels of the brazen attack on the offices of Charlie Hebdo in Paris, a story about the kidnapping and and the eventual execution of over 20 Copt Christians has surfaced.

From The Telegraph today:

On January 3rd, Christian activists in Egypt had reported thirteen of their countrymen kidnapped in the Libyan town of Sirte, and that seven others had been kidnapped a week earlier.

In late December, an Egyptian Coptic couple and their daughter were found dead in the town, well-known before the 2011 civil war which led to the current fragmentation of the country as the birthplace and stronghold of Muammar Gaddafi, the long-time dictator.

It is now in the hands of Islamist militias including Ansar al-Sharia, which the UN added to its terror list last month over links to al-Qaida and for running Islamic State of Iraq and the Levant training camps.

Recall the US and NATO celebrating the overthrow of Gaddafi and speculating on the wonderful democracy that would blossom in Libya after the brutal murder of the Libyan leader.

In fact, the global elite knew from the beginning Libya would degenerate into a balkanized wasteland where competing jihadist factions would slug it out for dominance over the oil-rich north African country.

“The head of Libya’s UN-recognized government has pleaded for more help from the international community, warning that the country could become a dangerous haven for jihadists on Europe’s doorstep,” The Telegraph reports.

This prospect and the likelihood ISIS-affiliated terrorists will make a big theatrical production out of slaughtering and beheading its Christian victims will add more fuel to anti-Islam sentiment growing in Europe, not only among “right-wing” anti-immigration groups, but much of the population as a whole.

In the coming weeks there will be a crescendo of urgent public sentiment, more than likely following yet another sensational Charlie Hebdo-like event or something far more horrendous.

This will lead to a consensus for war or, at minimum, a more serious intervention in the Middle East, particularly in Yemen which straddles the world’s oil transit chokepoint.

 

What They’re Not Telling You About Monsanto’s Role in Ukraine

wheat

Biotech takeover spreads to war-torn country

Christina Sarich | NaturalSociety  | January 12, 2015

The World Bank and International Monetary Fund (IMF) is helping biotech run the latest war in Ukraine. Make no mistake that what is happening in the Ukraine now is deeply tied to the interests of Monsanto, Dow, Bayer, and other big players in the poison food game.

Monsanto has an office in Ukraine. While this does not shout ‘culpability’ from every corner, it is no different than the US military’s habit to place bases in places that they want to gain political control. The opening of this office coincided with land grabs with loans from the IMF and World Bank to one of the world’s most hated corporations – all in support of their biotech takeover.

Previously, there was a ban on private sector land ownership in the country – but it was lifted ‘just in time’ for Monsanto to have its way with the Ukraine.

In fact, a bit of political maneuvering by the IMF gave the Ukraine a $17 billion loan – but only if they would open up to biotech farming and the selling of Monsanto’s poison crops and chemicals – destroying a farmland that is one of the most pristine in all of Europe. Farm equipment dealer, Deere, along with seed producers Dupont and Monsanto, will have a heyday.

In the guise of ‘aid,’ a claim has been made on Ukraine’s vast agricultural riches. It is the world’s third largest exporter of corn and fifth largest exporter of wheat. Ukraine has deep, rich, black soil that can grow almost anything, and its ability to produce high volumes of GM grain is what made biotech come rushing to take it over.

As reported by The Ecologist, according to the Oakland Institute:

“Whereas Ukraine does not allow the use of genetically modified organisms (GMOs) in agriculture, Article 404 of the EU agreement, which relates to agriculture, includes a clause that has generally gone unnoticed: it indicates, among other things, that both parties will cooperate to extend the use of biotechnologies.

There is no doubt that this provision meets the expectations of the agribusiness industry. As observed by Michael Cox, research director at the investment bank Piper Jaffray, ‘Ukraine and, to a wider extent, Eastern Europe, are among the most promising growth markets for farm-equipment giant Deere, as well as seed producers Monsanto and DuPont’.”

The nation WAS Europe’s breadbasket – and now in an act of bio-warfare, it will become the wasteland that many US farmlands have become due to copious amounts of herbicide spraying, the depletion of soil, and the overall disruption of a perfect ecosystem.

The aim of US government entities is to support the takeover of Ukraine for biotech interests (among other strategies involving the prop-up of a failing cabalistic banking system that Russia has also refused with its new alignment with BRICS and its own payment system called SWIFT). This is similar to biotech’s desired takeover of Hawaiian islands and land in Africa.

The Ukraine war has many angles that haven’t been exposed to the general public – and you can bet that biotech has their hands in the proverbial corn pie.

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Opium Cultivation Hits New Record High in Afghanistan

opium-poppy

Media ignores CIA’s role as heroin floods US streets

Mikael Thalen | Infowars.com | January 6, 2015

Afghanistan has once again set a new record for opium cultivation despite a constant U.S. military presence for the last thirteen years.

According to a report from the United Nations Office on Drugs and Crime (UNODC), opium production rose for the fourth consecutive year in 2014.

opium2014

 

“The total area under opium poppy cultivation in Afghanistan was estimated to be 224,000 hectares (200,00-250,000) in 2014, which represents a 7% increase from 2013,” the report states.

As cultivation and production continued its upward trend, eradication by government forces plunged across the region.

“A total of 2,692 hectares of verified poppy eradication was carried out by the provincial Governors in 2014, representing a decrease of 63% from 2013 when 7,348 hectares of Governor-led eradication (GLE) was verified by MCN/UNODC,” the report says.

Since the arrival of U.S. forces in 2001, Afghanistan’s prominence in the global drug market has skyrocketed. Statistics from the 2014 World Drug Report state that Afghanistan is now responsible for more than 80 percent of the world’s opium, although many believe the number to be much higher.

 

Despite claims regarding the fight against Afghanistan’s opium scourge, which is directly linked to America’s “nationwide heroin crisis,” multiple U.S. agencies have been found to be directly linked to its skyrocketing availability.

American officials speaking with the New York Times in 2009 revealed that one of the country’s largest heroin dealers, coincidentally the brother of former Afghan president Hamid Karzai, had received regular payments from the Central Intelligence Agency since the beginning of the war.

 

American officials speaking with the New York Times in 2009 revealed that one of the country’s largest heroin dealers, coincidentally the brother of former Afghan president Hamid Karzai, had received regular payments from the Central Intelligence Agency since the beginning of the war.

“The financial ties and close working relationship between the intelligence agency and Mr. Karzai raise significant questions about America’s war strategy…” the article states. “The C.I.A.’s practices also suggest that the United States is not doing everything in its power to stamp out the lucrative Afghan drug trade, a major source of revenue for the Taliban.”

A seperate New York Times report from 2008 also detailed multiple instances in which Afghan troops were ordered to release large amounts of confiscated heroin to Karzai.

“Before long, the commander, Habibullah Jan, received a telephone call from Ahmed Wali Karzai, the brother of President Hamid Karzai, asking him to release the vehicle and the drugs,” the article says.

As the United States’ involvement in promoting Afghanistan’s role as global opium kingpin became evident, multiple news outlets, including Fox and ABC, began running white-washed reports arguing that U.S. troops needed to protect opium fields in order to fight the Taliban.

 

Watch the YouTube doco here.

Although the Obama Administration recently announced the end of the war in Afghanistan, more than 10,000 troops will remain for the foreseeable future as part of a secret extension personally enacted by the President. Continued US control will undoubtedly produce the same results, an explosion of heroin worldwide.

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Middle East Officials Question ”Convenient Mistakes” Of US Airdrops To Al-Qaeda

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United States military portrays the receipt of weapons and supplies by ISIS as entirely accidental… (Ed: or is it??)

Brandon Turbeville | Activist Post | January 6, 2015

Individuals who have come to question the nature of the allegedly accidental air drops are legion, but one of the more recent and high profile skeptics is the Commander of Iran’s Basij Force, Brigadier General Mohammed Reza Naqdi.

In an address to a group of Basij forces on January 5, Naqdi stated that

“The US directly supports the ISIL in Iraq and the US planes drop the needed aids and weapons for ISIL in Iraq …” In addition, he stated that the US Embassy in Baghdad is the command center for ISIL and other “takfiri” militants.

Indeed, while the United States military portrays the receipt of weapons and supplies by ISIS as entirely accidental, Naqdi presents the situation as quite the opposite. Contradicting the propaganda and stated aims of the US military, Naqdi stated that the Iraqi forces have managed to retrieve aid that was actually intended for ISIS fighters, not the other way around.

Naqdi, however, is merely the latest official in the region who has suggested that the U.S. “assault” on ISIS is half-hearted at best. Iraqi Member of Parliament Majid al-Gharawi recently stated that all information available “pointed out that US planes are supplying ISIL organization, not only in Salahuddin province, but also other provinces,” according to Iraq TradeLink.

He also stated that the United States is “not serious in fighting against the ISIL organization, because they have the technological power to determine the presence of ISIL gunmen and destroy them in one month [but have not done so].”

Gharawi suggested that the “the US is trying to expand the time of the war against the ISIL to get guarantees from the Iraqi government to have its bases in Mosul and Anbar provinces.”

It is important to mention that, according to FARS News, the Iraqi Parliamentary Security and Defense Commission revealed that a US plane did indeed supply ISIS with arms and ammunition in the Salahuddin province in Iraq, yet that revelation has received little to no coverage in the West.

In late December, 2014, yet another Iraqi lawmaker, Nahlah al-Hababi, questioned the motives and commitment of the US and its anti-ISIL coalition and claimed that the terrorist groups are actually receiving a large amount of aid dropped by unidentified aircraft.

Hababi is quoted by FARS News Agency as stating “The international coalition is not serious about air strikes on ISIL terrorists and is even seeking to take out the popular Basij (voluntary) forces from the battlefield against the Takfiris so that the problem with ISIL remains unsolved in the near future.”

“Basij” is a term that largely means “volunteer” as in volunteer forces.

She also was quoted as saying that “The ISIL terrorists are still receiving aids from unidentified fighter jets in Iraq and Syria.”

FARS also quotes Hababi as pointing out that the airstrikes launched by NATO are only launched in areas where Kurdish Peshmerga forces are fighting, while such strikes launched in other areas are “not so precise.” The suggestion, of course, is that the “coalition” has a vested interest in supporting the Kurdish forces while, at the same time, supporting ISIS in the process of weakening Syria’s Assad, Iraqi nationalism, and presumably, Iranian influence. Clearly, Hababi is not far off from the reality of the situation.

In late December, the US-led coalition dropped aids to the Takfiri militants in an area North of Baghdad.

Field sources in Iraq told al-Manar that the international coalition airplanes dropped aids to the terrorist militants in Balad, an area which lies in Salahuddin province North of Baghdad.

In October, a high-ranking Iranian commander also slammed the US for providing aid supplies to ISIL, adding that the US claims that the weapons were mistakenly airdropped to ISIL were untrue.

“The US and the so-called anti-ISIL coalition claim that they have launched a campaign against this terrorist and criminal group – while supplying them with weapons, food and medicine in Jalawla region (a town in Diyala Governorate, Iraq). This explicitly displays the falsity of the coalition’s and the US’ claims,” Deputy Chief of Staff of the Iranian Armed Forces Brigadier General Massoud Jazayeri said.

The US claimed that it had airdropped weapons and medical aid to Kurdish fighters confronting the ISIL in Kobani, near the Turkish border in Northern Syria.

The US Defense Department said that it had airdropped 28 bundles of weapons and supplies, but one of them did not make it into the hands of the Kurdish fighters.

Video footage later showed that some of the weapons that the US airdropped were taken by ISIL militants.

The question of such “convenient accidents” are by no means unique to the Middle Eastern, Iraqi, or Iranian press reports, however. These types of “mistakes” happen on a seemingly regular basis in areas where the United States is allegedly fighting the very terrorist organization it created.

In October, 2014, “coalition” forces dropped a number of aid supplies and ammunition allegedly intended for the Iraqi people and anti-Isis forces on the ground into territory controlled by ISIS. The “mistake” was confirmed by Iraqi officials and parliamentarians.

Only in the West, it seems, does the general public look upon the so-called mistakes as anything but a sloppy excuse to re-arm NATO’s terrorist mercenaries in order to reinvigorate their proxy war.

 

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