Fiscal Cliff = Economic Terrorism says U.S. Senator

by Scott Creighton

We’ve seen this before: the economic powers that be went to congress and the MSM back in late 2008 and threatened Armageddon if we didn’t give them what they wanted: our money. They effectively held the economy of the United States hostage and threatened to pull the trigger if they weren’t paid $780 billion in cash. Turns out, the fed gave them far more than that in secret backdoor loans, but the story is still the same; we were subjected to economic terrorism in which our leaders, the same leaders who boasted they will never give into terrorist threats, caved in immediately and went on a PR campaign pushing the TARP bailout package like their lives depended on it.

Now we have the same thing happening. The “fiscal cliff” boogeyman is the same as the “Ruskies” of old or the “turrurrrurrists’ of today. It’s terrorism pure and simple.

When you threaten people with the fear of death, starvation and chaos in order to advance a change in either the political  (like we did to Libya and currently are doing to Syria and Iran) or economic structure of a nation, that is defined as “Terrorism” and that is exactly what is being done to us right now.

Who says so? Some conspiracy theorist whack-job wing-nutter?

No. A seated U.S. senator from Iowa said that.

Greek journalist arrested over exposing politicians’ alleged tax evasion

from RT

Greek police have arrested one of the country’s top journalists, after his publication Hot Doc released the so-called ‘Lagarde list,’ containing the names of some 2,000 Greeks with funds hidden in Swiss bank accounts.

The police arrested Kostas Vaxevanis, the owner and editor of Hot Doc, during a live radio interview on Sunday. “They’re entering my house with the prosecutor right now. They are arresting me. Spread the word,” Vaxevanis tweeted.

He is due to appear in court on Monday to answer charges of privacy violations from publishing the list of names, which dates to 2007. “Instead of arresting the tax evaders and the ministers who had the list in their hands, they are trying to arrest the truth and free journalism,” Vaxevanis said in an interview.

[read the rest, here]

Spanish Townsfolk, Our Monster: Now What Are We Going to Do About It?

by Scott Creighton

UPDATE 3: “The French, Spanish and Greek governments all announced multibillion-euro austerity plans yesterday in the face of massive popular opposition.”

UPDATE 2: Slavery in the UK. The unemployed are being forced to work for major British corporations, for free, just so they can continue to receive their unemployment benefits. This plan is the same as one attempted here in the states, one that still has a great deal of support in congress. Imagine the profits retailers could pocket if they got free seasonal workers during the holiday buying season.

UPDATE: In Dubai, one of our close economic allies, they call slave owners “sponsors” and fine their slaves if they attempt to take their own lives when the desperation of their true situation becomes too unbearable to live with.

“I found myself thrown away and I thought of my poor family back home. I felt desperate and decided I should die,” she said. The National

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While Americans cheer for the return of  zebra striped officials to the NFL games today, the Spanish, the Greeks and many others across Europe are fighting for their very lives and the freedom to determine the quality of them on their own. Our apparent lack of concern is understandable when you consider that what they are desperately struggling against is in a large part, our creation. Not only is Dr. Frankenstein disinterested in the harm his creation inflicts on the people around him by choice, but the townsfolk themselves willingly turn a blind eye and a deaf ear to the cries of their neighbors in nearby villages just so long as the monster feeds elsewhere.

The War on Drugs is Just a Turf War: Feds Arm Cartels and Banks Reap the Profits

by Scott Creighton

“Our society is run by insane people for insane objectives. I think we’re being run by maniacs for maniacal ends and I think I’m liable to be put away as insane for expressing that. That’s what’s insane about it.” John Lennon

Many people know that Wachovia Bank had to admit to laundering 378.4 billion dollars in drug money between 2004 and 2007 and that they paid a mere 160 million in fines to avoid prosecution. What they don’t know is that the money was from a drug cartel in Mexico that the DEA and the Justice department supported as part of a program called “Divide and Conquer” which was designed to weed all the other drug gangs out and leave the one cartel, our cartel, in place.

In short, our banks laundered the money while the government looked the other way or even helped the Sinaloa Cartel bring the drugs into Chicago (there’s that town again) while providing thousands of illegal weapons to the cartel under programs like “Fast and Furious” which they used to murder other drug lords, police, and everyday citizens (and more than a few journalists and politicians who dared to open their mouths).

Now to me, if it’s the US government providing the weapons, the logistics, the protection from prosecution, the lethal hits on the competition, and the resources to launder the cash, then it’s the US government who is actually the drug cartel with the Sinaloa’s providing nothing but cover.

I mean, after all, we are guarding the heroin fields in Afghanistan. Guess someone wants a monopoly on all the illicit drugs in the world just like they want a monopoly on the oil fields, healthcare, GMO corn,  and the central banks.

Austerity kills: Greek Martyrs and the Economic Hitmen in Michigan

by Scott Creighton

Sooner or later, we are all Dimitris Christoulas.

Dimitris Christoulas picked a tree in a park in central Athens by the nation’s parliament. It took him 77 years to get to that point, to pick that tree. He sat down next to it, sat in the shady side at 9am in the morning as people were bustling back and forth getting on with the business of starting their day. Dimitris pinned a note to himself, some say he shouted a comment, others say he said nothing.

In Detroit yesterday the city council voted 5-4 to enter into an agreement with the state of Michigan to radically change the city and the way it works due to pending financial hardships which were brought on by the deliberate controlled demolition of the economy of the United States by the banks and huge financial houses whom we have poured money into ever since.

There’s a connection and it’s not pretty.

The Obama Justice Department vs Big Five Banks Settlement is Actually a Payoff for Services Rendered

by Scott Creighton

Keep this information in mind as you read the following article: The largest banks made a combined 13 billion dollars in profits from 7.77 trillion dollars of undisclosed emergency loans from the Federal Reserve bank over and above the 780 billion dollar banker bailouts. The loans and the bailouts were a direct reaction to the crisis caused by the criminal and fraudulent behavior of these same banks which the Obama administration now says will cost them roughly 1 billion a piece. 13 billion in profits for criminal activities (that we know of) and 5 billion in penalties (spread out over the course of a few years) while it is left to investors to foot the bill for the rest of the 26 billion dollar “settlement” deal. No further criminal prosecution, no further investigation required.

From Bloomberg News Nov. 2011 -

• The six biggest U.S. banks, which received $160 billion of TARP funds, borrowed as much as $460 billion from the Fed… JPMorgan, Bank of America, Citigroup Inc. (C), Wells Fargo & Co. (WFC), Goldman Sachs Group Inc. (GS) and Morgan Stanley
• Bank of America and New York-based Citigroup each received $45 billion from TARP.
• Total assets held by the six biggest U.S. banks increased 39 percent to $9.5 trillion on Sept. 30, 2011, from $6.8 trillion on the same day in 2006, according to Fed data.
• Employees at the six biggest banks made twice the average for all U.S. workers in 2010, based on Bureau of Labor Statistics hourly compensation cost data.
• Bank of America took over Merrill Lynch & Co. at the urging of then-Treasury Secretary Paulson after buying the biggest U.S. home lender, Countrywide Financial Corp.
• Wells Fargo bought Wachovia Corp., the fourth-largest U.S. bank by deposits before the 2008 acquisition.
• JPMorgan absorbed the country’s largest savings and loan, Seattle-based Washington Mutual Inc., and investment bank Bear Stearns Cos. The New York Fed, then headed by Timothy F. Geithner, who’s now Treasury secretary, helped JPMorgan complete the Bear Stearns deal by providing $29 billion of financing, which was disclosed at the time.

original article below

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The Obama administration finalized their latest and most heinous betrayals of their 3 year history yesterday when they announced their settlement between the big five banks and state and federal governments on their “investigation” into the massive systemic mortgage fraud conspiracy. There will be no investigation. We will never know the full extent of the criminal conspiracy to decimate the economy of the United States of America because Barack Obama’s “Justice” Department has struck a deal. The economic hit-men who are running this country won out as Left Cover Obama sold us out. Again.

MF Global bankruptcy-On the Edge with Max Keiser

Conspiracy Theory No More: Goldman Sachs in a Bid to Rule the World

Goldman Sachs is certainly a major player in the push to rule the world by financial insiders, but the real master has been and still is, the Bank for International Settlements (BIS), the central banks of the network of privately owned central banks. Goldman was instrumental in creating the world financial crisis by developing, selling, and betting against the worthless credit default swaps that destroyed state pension funds and national economies from Florida to Greece.

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Jose Pimentel: The Best Terrorist Plot Bloomberg Could Buy

by Scott Creighton

UPDATE: read Jose Pimentel Story Unraveling Already: CI Arranged for Everything and the Feds Refused to Investigate

Man, those “terrorists” sure have the worst timing, don’t they? On the other hand, they seem to always plot to blow shit up when it is the most opportune time for whatever regime happens to catch them at the time.  Here’s and example: 9/11 happened just one day after the plans to attack Afghanistan and the Taliban landed on George Bush’s desk and just a week or so after they worked out the kinks in the Patriot Act. Here’s another example: Umar Fizzlepants ignited his diaper of doom just a week after Barack Obama gave the order to hit targets in Yemen and accidentally killed 23 children in the process (We had no reason to be attacking targets in Yemen, that is, not until Umar Fizzlepants)

Today, the much beleaguered billionaire mayor of New York and his thuggish police commissioner announced (surprise surprise) they thwarted a “terrrorist plot” involving some “lone wolf” who was just “an hour” away from completing his bombs (just for the record, if you have 20 bucks, a bus pass, and a kitchen table, you are “an hour” away from creating a bomb as well)

The Icelandic Example? – Michael Hudson on GRTV

Rockefeller’s Dream: National Auto-determination Begins and Ends in Greece

by Scott Creighton

The new IMF Managing Director Christine Lagarde announced the IMF’s approval of a 3.2 billion euro ($4.6 billion) loan payment for Greece. This latest payment is part of a 12 billion euro bailout package which is being doled out bit by bit as Greece hammers her population with draconian austerity measures and record setting privatization plans. Lagarde said of the “progress” being made in Greece that they are “delivering important results”. Let’s take a look at some of those “important results” she’s referring to.

First of all, the $4.6 billion dollars is not going to the government of Greece to help them run the country or to make things better for the people of Greece. Oh no. That money, as was pointed out by Tyler Durden over at Zero Hedge, is going straight to hedge funds and the global financial institutions who caused this debt crisis in the first place. The people of Greece won’t actually see a dime of that money while they have to suffer with less wages, more taxes, and a government that is set on selling off their publicly owned assets for pennies on the dollar.

“Well, as explained a few weeks ago, in Greek Math: €12 Billion In, €18.2 Billion Out the entire amount will be promptly recycled by global financial institutions in the form of debt maturities and interest payments, which amount to €18.2 billion in the months of July and August. Simply said ECB, EU and IMF money in, money owed to bankers out.”  Zero Hedge

Keep in mind that this money, borrowed from various nations like ours ($780 million worth by Tyler’s accounting) by the IMF at a quarter point interest, is being LOANED, at gun point, to the people of Greece (who don’t want it), at 3% interest, creating a nifty little profit margin for the IMF and further enslaving the people of Greece to the banker’s favorite trick, the endless cycle of debt servitude. The people are on the hook for even more money and the bankers and their hedge fund manager drinking buddies get the cash.

Sweet deal, huh? Sweet deal for the bankers and the hedge fund managers. Sweet deal for the billionaires, shitty deal for the people of Greece. But Christine Lagarde seemed very pleased to make the announcement. She’s just her being true to her nature. You see, Christine Lagarde has been looking out for billionaires at the expense of the people for a very long time.

Banker Occupation of Greece

by Stephen Lendman, Another World is Possible

Economist Michael Hudson calls it “Replacing Economic Democracy with Financial Oligarchy” in a June 5 article by that title, saying:

After being debt entrapped, or perhaps acquiescing to entrapment, the Papandreou government needs bailout help to pay bankers that entrapped them. Doing so, however, requires “initiat(ing) a class war by raising its taxes (harming working households most), lowering its standard of living – and even private-sector pensions – and sell off public land, tourist sites, islands, ports, water and sewer facilities” – in fact, all the country’s crown jewels, lock, stock and barrel, strip-mining it of everything of worth at fire sale prices.

Why? Because the US-dominated IMF, EU and European Central Bank (ECB), the so-called “Troika,” demand it as the price for bailout help that wouldn’t be needed if Greece wasn’t trapped in the euro straightjacket. Membership means foregoing the right to devalue its currency to make exports more competitive, maintain sovereignty over its money to monetize its debt freely, and be able to legislate fiscal policies to stimulate growth.

Instead they’re entrapped by foreign banker diktats demanding tribute. They call it a “rescue.” In May 2010, the Papandreou government agreed to earlier austerity in return for loans. Now they’re at it again, demanding more or they’ll collapse the entire economy, or so they say. And the same scheme is replicated in Ireland and Portugal. Moreover, it’s heading for Spain, and potentially most of Europe and America as representative governments head closer to “financial oligarchy.”

[read the rest, here]

The Federal Reserve Cartel: Part I: The Eight Families

(Another must read. Also read the post below by Michael Hudson.)

by Dean Henderson, Left Hook Blog

The Four Horsemen of Banking (Bank of America, JP Morgan Chase, Citigroup and Wells Fargo) own the Four Horsemen of Oil (Exxon Mobil, Royal Dutch/Shell, BP and Chevron Texaco); in tandem with Deutsche Bank, BNP, Barclays and other European old money behemoths. But their monopoly over the global economy does not end at the edge of the oil patch.

According to company 10K filings to the SEC, the Four Horsemen of Banking are among the top ten stock holders of virtually every Fortune 500 corporation.[1]

So who then are the stockholders in these money center banks?

This information is guarded much more closely. My queries to bank regulatory agencies regarding stock ownership in the top 25 US bank holding companies were given Freedom of Information Act status, before being denied on “national security” grounds. This is rather ironic, since many of the bank’s stockholders reside in Europe.

Replacing Economic Democracy with Financial Oligarchy

(A must read)

by Michael Hudson, Information Clearinghouse

Soon after the Socialist Party won Greece’s national elections in autumn 2009, it became apparent that the government’s finances were in a shambles. In May 2010, French President Nicolas Sarkozy took the lead in rounding up €120bn ($180 billion) from European governments to subsidize Greece’s unprogressive tax system that had led its government into debt – which Wall Street banks had helped conceal with Enron-style accounting.

The Strauss-Kahn Set-Up and the Globalist Assault on Greek Sovereignty

by Scott Creighton

Now that Dominique Strauss-Kahn has been successfully removed from the equation, the globalist financial institutions are free to cash in on the Great Recession they created.  They’re attempting to hammer the people of Greece into submission with new “unprecedented” levels of privatization of public assets and even calls for “outside institutions” to take over some aspects of governing their country… like tax collection to start with. The buzz-word here is “sovereignty” and Greece is only the beginning.

“In order for the country to get future bailout money, the country will have to give up some sovereignty.

Specifically, according to a bombshell FT report, outside authorities will take over various functions related to tax collection (a big time problem in Athens) and privatizations.”  Business Insider