“Czar Point,” a regular commenter on the Economic Edge, http://economicedge.blogspot.com/ gave two very pointed posts on how he views the numbers inside this morning’s employment report. The numbers are STUNNING, and they are the TRUTH. Math does not lie and cannot be spun… statistics can be, but not simple math. Point simply takes out his calculator and adds them up. You will be shocked…
I'm going to add a little to the employment situation summary. All numbers are raw, not adjusted.
The civilian labor force dropped by a mind-boggling 1.28 million in September from August, with 235 thousand people being added to the workforce. The participation rate plunged .6% to 65.0%.
The employment-population ratio - the TRUE measure of employment in this nation - fell to 58.9%. The actual number of the unemployed rose by 285 thousand, while those not in the labor force jumped by 1.516 million.
And unemployment for those aged 16-19 years old skyrocketed in September to 25.8% from 24.2% in August. For this age group, the emp-pop ratio is just 26.2% with the participation rate falling off the cliff, from 40.7% to 35.3%.
This, by far, is THE WORST employment situation report I have ever read. Bar none.
I ran the numbers on how many jobs we have actually lost since December 2007 - the beginning of the recession-cum-depression - and how many jobs we'd have to create each and every month for the next two years just to return to November 2007 levels…
I hope you are sitting down, have a good stiff drink at your side, and no firearms or sharp objects are within reach. And all small children are safely stowed away.
Jobs lost in the past 22 months total 8,039,000, while the non-institutionalized civilian adult population (i.e. those not in prison, or a mental hospital, etc.) has risen by 3,166,000. This brings the ACTUAL jobs lost number to 11,205,000.
Now, dividing 3.166m by 22 months roughly equals 144,000. This is the number of jobs that have to be created every month in order to keep up with the growth in population; taken times 24, this gives us 3,456,000 additional jobs that need to be created to keep up with population growth between now and September 2011.
Added together, this means we need to have 14,661,000 - or an average of 610,000 - jobs added to the economy by the above date to reach par with November 2007.
There you go. The V-shaped recovery and green shoots simultaneously detonated...
BOOM!
There you have it. The truth behind the numbers that your government presents but will not talk about. The “media” will not dig and also will not discuss it – they are both fooling themselves and the general (under/ unemployed) population…
Sunday, October 4, 2009
Saturday, October 3, 2009
The Bank for International Settlements (BIS) Warns of Future Crises
by Andrew Gavin Marshall
War is Peace, Freedom is Slavery, Ignorance is Strength, and Debt is Recovery
In light of the ever-present and unyieldingly persistent exclamations of ‘an end’ to the recession, a ‘solution’ to the crisis, and a ‘recovery’ of the economy; we must remember that we are being told this by the very same people and institutions which told us, in years past, that there was ‘nothing to worry about,’ that ‘the fundamentals are fine,’ and that there was ‘no danger’ of an economic crisis.
Why do we continue to believe the same people that have, in both statements and choices, been nothing but wrong? Who should we believe and turn to for more accurate information and analysis? Perhaps a useful source would be those at the epicenter of the crisis, in the heart of the shadowy world of central banking, at the global banking regulator, and the “most prestigious financial institution in the world,” which accurately predicted the crisis thus far: The Bank for International Settlements (BIS). This would be a good place to start.
The economic crisis is anything but over, the “solutions” have been akin to putting a band-aid on an amputated arm. The Bank for International Settlements (BIS), the central bank to the world’s central banks, has warned and continues to warn against such misplaced hopes.
What is the Bank for International Settlements (BIS)?
The BIS emerged from the Young Committee set up in 1929, which was created to handle the settlements of German reparations payments outlined in the Versailles Treaty of 1919. The Committee was headed by Owen D. Young, President and CEO of General Electric, co-author of the 1924 Dawes Plan, member of the Board of Trustees of the Rockefeller Foundation and was Deputy Chairman of the Federal Reserve Bank of New York. As the main American delegate to the conference on German reparations, he was also accompanied by J.P. Morgan, Jr.[1] What emerged was the Young Plan for German reparations payments.
The Plan went into effect in 1930, following the stock market crash. Part of the Plan entailed the creation of an international settlement organization, which was formed in 1930, and known as the Bank for International Settlements (BIS). It was purportedly designed to facilitate and coordinate the reparations payments of Weimar Germany to the Allied powers. However, its secondary function, which is much more secretive, and much more important, was to act as “a coordinator of the operations of central banks around the world.” Described as “a bank for central banks,” the BIS “is a private institution with shareholders but it does operations for public agencies. Such operations are kept strictly confidential so that the public is usually unaware of most of the BIS operations.”[2]
The BIS was founded by “the central banks of Belgium, France, Germany, Italy, the Netherlands, Japan, and the United Kingdom along with three leading commercial banks from the United States, including J.P. Morgan & Company, First National Bank of New York, and First National Bank of Chicago. Each central bank subscribed to 16,000 shares and the three U.S. banks also subscribed to this same number of shares.” However, “Only central banks have voting power.”[3]
Central bank members have bi-monthly meetings at the BIS where they discuss a variety of issues. It should be noted that most “of the transactions carried out by the BIS on behalf of central banks require the utmost secrecy,”[4] which is likely why most people have not even heard of it. The BIS can offer central banks “confidentiality and secrecy which is higher than a triple-A rated bank.”[5]
The BIS was established “to remedy the decline of London as the world’s financial center by providing a mechanism by which a world with three chief financial centers in London, New York, and Paris could still operate as one.”[6] As Carroll Quigley explained:
[T]he powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations.[7]
The BIS, is, without a doubt, the most important, powerful, and secretive financial institution in the world. It’s warnings should not be taken lightly, as it would be the one institution in the world that would be privy to such information more than any other.
Derivatives Crisis Ahead
In September of 2009, the BIS reported that, “The global market for derivatives rebounded to $426 trillion in the second quarter as risk appetite returned, but the system remains unstable and prone to crises.” The BIS quarterly report said that derivatives rose 16% “mostly due to a surge in futures and options contracts on three-month interest rates.” The Chief Economist of the BIS warned that the derivatives market poses “major systemic risks” in the international financial sector, and that, “The danger is that regulators will again fail to see that big institutions have taken far more exposure than they can handle in shock conditions.” The economist added that, “The use of derivatives by hedge funds and the like can create large, hidden exposures.”[8]
The day after the report by the BIS was published, the former Chief Economist of the BIS, William White, warned that, “The world has not tackled the problems at the heart of the economic downturn and is likely to slip back into recession,” and he further “warned that government actions to help the economy in the short run may be sowing the seeds for future crises.” He was quoted as warning of entering a double-dip recession, “Are we going into a W[-shaped recession]? Almost certainly. Are we going into an L? I would not be in the slightest bit surprised.” He added, “The only thing that would really surprise me is a rapid and sustainable recovery from the position we’re in.”
An article in the Financial Times explained that White’s comments are not to be taken lightly, as apart from heading the economic department at the BIS from 1995 to 2008, he had, “repeatedly warned of dangerous imbalances in the global financial system as far back as 2003 and – breaking a great taboo in central banking circles at the time – he dared to challenge Alan Greenspan, then chairman of the Federal Reserve, over his policy of persistent cheap money.”
The Financial Times continued:
Worldwide, central banks have pumped thousands of billions of dollars of new money into the financial system over the past two years in an effort to prevent a depression. Meanwhile, governments have gone to similar extremes, taking on vast sums of debt to prop up industries from banking to car making.
White warned that, “These measures may already be inflating a bubble in asset prices, from equities to commodities,” and that, “there was a small risk that inflation would get out of control over the medium term.” In a speech given in Hong Kong, White explained that, “the underlying problems in the global economy, such as unsustainable trade imbalances between the US, Europe and Asia, had not been resolved.”[9]
On September 20, 2009, the Financial Times reported that the BIS, “the head of the body that oversees global banking regulation,” while at the G20 meeting, “issued a stern warning that the world cannot afford to slip into a ‘complacent’ assumption that the financial sector has rebounded for good,” and that, “Jaime Caruana, general manager of the Bank for International Settlements and a former governor of Spain’s central bank, said the market rebound should not be misinterpreted.”[10]
This follows warnings from the BIS over the summer of 2009, regarding misplaced hope over the stimulus packages organized by various governments around the world. In late June, the BIS warned that, “fiscal stimulus packages may provide no more than a temporary boost to growth, and be followed by an extended period of economic stagnation.”
An article in the Australian reported that, “The only international body to correctly predict the financial crisis ... has warned the biggest risk is that governments might be forced by world bond investors to abandon their stimulus packages, and instead slash spending while lifting taxes and interest rates,” as the annual report of the BIS “has for the past three years been warning of the dangers of a repeat of the depression.” Further, “Its latest annual report warned that countries such as Australia faced the possibility of a run on the currency, which would force interest rates to rise.” The BIS warned that, “a temporary respite may make it more difficult for authorities to take the actions that are necessary, if unpopular, to restore the health of the financial system, and may thus ultimately prolong the period of slow growth.”
Further, “At the same time, government guarantees and asset insurance have exposed taxpayers to potentially large losses,” and explaining how fiscal packages posed significant risks, it said that, “There is a danger that fiscal policy-makers will exhaust their debt capacity before finishing the costly job of repairing the financial system,” and that, “There is the definite possibility that stimulus programs will drive up real interest rates and inflation expectations.” Inflation “would intensify as the downturn abated,” and the BIS “expressed doubt about the bank rescue package adopted in the US.”[11]
The BIS further warned of inflation, saying that, “The big and justifiable worry is that, before it can be reversed, the dramatic easing in monetary policy will translate into growth in the broader monetary and credit aggregates.” That will “lead to inflation that feeds inflation expectations or it may fuel yet another asset-price bubble, sowing the seeds of the next financial boom-bust cycle.”[12] With the latest report on the derivatives bubble being created, it has become painfully clear that this is exactly what has happened: the creation of another asset-price bubble. The problem with bubbles is that they burst.
The Financial Times reported that William White, former Chief Economist at the BIS, also “argued that after two years of government support for the financial system, we now have a set of banks that are even bigger - and more dangerous - than ever before,” which also, “has been argued by Simon Johnson, former chief economist at the International Monetary Fund,” who “says that the finance industry has in effect captured the US government,” and pointedly stated: “recovery will fail unless we break the financial oligarchy that is blocking essential reform.”[13] [Emphasis added].
At the beginning of September 2009, central bankers met at the BIS, and it was reported that, “they had agreed on a package of measures to strengthen the regulation and supervision of the banking industry in the wake of the financial crisis,” and the chief of the European Central Bank was quoted as saying, “The agreements reached today among 27 major countries of the world are essential as they set the new standards for banking regulation and supervision at the global level.”[14]
Among the agreed measures, “lenders should raise the quality of their capital by including more stock,” and “Banks will also have to raise the amount and quality of the assets they keep in reserve and curb leverage.” One of the key decisions made at the Basel conference, which is named after the Basel Committee on Banking Supervision, set up under the BIS, was that, “banks will need to raise the quality of their so-called Tier 1 capital base, which measures a bank’s ability to absorb sudden losses,” meaning that, “The majority of such reserves should be common shares and retained earnings and the holdings will be fully disclosed.”[15]
In mid-September, the BIS said that, “Central banks must coordinate global supervision of derivatives clearinghouses and consider offering them access to emergency funds to limit systemic risk.” In other words, “Regulators are pushing for much of the $592 trillion market in over-the-counter derivatives trades to be moved to clearinghouses which act as the buyer to every seller and seller to every buyer, reducing the risk to the financial system from defaults.” The report released by the BIS asked if clearing houses “should have access to central bank credit facilities and, if so, when?”[16]
A Coming Crisis
The derivatives market represents a massive threat to the stability of the global economy. However, it is one among many threats, all of which are related and intertwined; one will set off another. The big elephant in the room is the major financial bubble created from the bailouts and “stimulus” packages worldwide. This money has been used by major banks to consolidate the economy; buying up smaller banks and absorbing the real economy; productive industry. The money has also gone into speculation, feeding the derivatives bubble and leading to a rise in stock markets, a completely illusory and manufactured occurrence. The bailouts have, in effect, fed the derivatives bubble to dangerous new levels as well as inflating the stock market to an unsustainable position.
However, a massive threat looms in the cost of the bailouts and so-called “stimulus” packages. The economic crisis was created as a result of low interest rates and easy money: high-risk loans were being made, money was invested in anything and everything, the housing market inflated, the commercial real estate market inflated, derivatives trade soared to the hundreds of trillions per year, speculation ran rampant and dominated the global financial system. Hedge funds were the willing facilitators of the derivatives trade, and the large banks were the major participants and holders.
At the same time, governments spent money loosely, specifically the United States, paying for multi-trillion dollar wars and defense budgets, printing money out of thin air, courtesy of the global central banking system. All the money that was produced, in turn, produced debt. By 2007, the total debt – domestic, commercial and consumer debt – of the United States stood at a shocking $51 trillion.[17]
As if this debt burden was not enough, considering it would be impossible to ever pay back, the past two years has seen the most expansive and rapid debt expansion ever seen in world history – in the form of stimulus and bailout packages around the world. In July of 2009, it was reported that, “U.S. taxpayers may be on the hook for as much as $23.7 trillion to bolster the economy and bail out financial companies, said Neil Barofsky, special inspector general for the Treasury’s Troubled Asset Relief Program.”[18]
Bilderberg Plan in Action?
In May of 2009, I wrote an article covering the Bilderberg meeting of 2009, a highly secretive meeting of major elites from Europe and North America, who meet once a year behind closed doors. Bilderberg acts as an informal international think tank, and they do not release any information, so reports from the meetings are leaked and the sources cannot be verified. However, the information provided by Bilderberg trackers and journalists Daniel Estulin and Jim Tucker have proven surprisingly accurate in the past.
In May, the information that leaked from the meetings regarded the main topic of conversation being, unsurprisingly, the economic crisis. The big question was to undertake “Either a prolonged, agonizing depression that dooms the world to decades of stagnation, decline and poverty ... or an intense-but-shorter depression that paves the way for a new sustainable economic world order, with less sovereignty but more efficiency.”
Important to note, was that one major point on the agenda was to “continue to deceive millions of savers and investors who believe the hype about the supposed up-turn in the economy. They are about to be set up for massive losses and searing financial pain in the months ahead.”
Estulin reported on a leaked report he claimed to have received following the meeting, which reported that there were large disagreements among the participants, as “The hardliners are for dramatic decline and a severe, short-term depression, but there are those who think that things have gone too far and that the fallout from the global economic cataclysm cannot be accurately calculated.” However, the consensus view was that the recession would get worse, and that recovery would be “relatively slow and protracted,” and to look for these terms in the press over the next weeks and months. Sure enough, these terms have appeared ad infinitum in the global media.
Estulin further reported, “that some leading European bankers faced with the specter of their own financial mortality are extremely concerned, calling this high wire act ‘unsustainable,’ and saying that US budget and trade deficits could result in the demise of the dollar.” One Bilderberger said that, “the banks themselves don't know the answer to when (the bottom will be hit).” Everyone appeared to agree, “that the level of capital needed for the American banks may be considerably higher than the US government suggested through their recent stress tests.” Further, “someone from the IMF pointed out that its own study on historical recessions suggests that the US is only a third of the way through this current one; therefore economies expecting to recover with resurgence in demand from the US will have a long wait.” One attendee stated that, “Equity losses in 2008 were worse than those of 1929,” and that, “The next phase of the economic decline will also be worse than the '30s, mostly because the US economy carries about $20 trillion of excess debt. Until that debt is eliminated, the idea of a healthy boom is a mirage.”[19]
Could the general perception of an economy in recovery be the manifestation of the Bilderberg plan in action? Well, to provide insight into attempting to answer that question, we must review who some of the key participants at the conference were.
Central Bankers
Many central bankers were present, as per usual. Among them, were the Governor of the National Bank of Greece, Governor of the Bank of Italy, President of the European Investment Bank; James Wolfensohn, former President of the World Bank; Nout Wellink, President of the Central Bank of the Netherlands and is on the board of the Bank for International Settlements (BIS); Jean-Claude Trichet, the President of the European Central Bank was also present; the Vice Governor of the National Bank of Belgium; and a member of the Board of the Executive Directors of the Central Bank of Austria.
Finance Ministers and Media
Finance Ministers and officials also attended from many different countries. Among the countries with representatives present from the financial department were Finland, France, Great Britain, Italy, Greece, Portugal, and Spain. There were also many representatives present from major media enterprises around the world. These include the publisher and editor of Der Standard in Austria; the Chairman and CEO of the Washington Post Company; the Editor-in-Chief of the Economist; the Deputy Editor of Die Zeit in Germany; the CEO and Editor-in-Chief of Le Nouvel Observateur in France; the Associate Editor and Chief Economics Commentator of the Financial Times; as well as the Business Correspondent and the Business Editor of the Economist. So, these are some of the major financial publications in the world present at this meeting. Naturally, they have a large influence on public perceptions of the economy.
Bankers
Also of importance to note is the attendance of private bankers at the meeting, for it is the major international banks that own the shares of the world’s central banks, which in turn, control the shares of the Bank for International Settlements (BIS). Among the banks and financial companies represented at the meeting were Deutsche Bank AG, ING, Lazard Freres & Co., Morgan Stanley International, Goldman Sachs, Royal Bank of Scotland, and of importance to note is David Rockefeller,[20] former Chairman and CEO of Chase Manhattan (now J.P. Morgan Chase), who can arguably be referred to as the current reigning ‘King of Capitalism.’
The Obama Administration
Heavy representation at the Bilderberg meeting also came from members of the Obama administration who are tasked with resolving the economic crisis. Among them were Timothy Geithner, the US Treasury Secretary and former President of the Federal Reserve Bank of New York; Lawrence Summers, Director of the White House's National Economic Council, former Treasury Secretary in the Clinton administration, former President of Harvard University, and former Chief Economist of the World Bank; Paul Volcker, former Governor of the Federal Reserve System and Chair of Obama’s Economic Recovery Advisory Board; Robert Zoellick, former Chairman of Goldman Sachs and current President of the World Bank.[21]
Unconfirmed were reports of the Fed Chairman, Ben Bernanke being present. However, if the history and precedent of Bilderberg meetings is anything to go by, both the Chairman of the Federal Reserve and the President of the Federal Reserve Bank of New York are always present, so it would indeed be surprising if they were not present at the 2009 meeting. I contacted the New York Fed to ask if the President attended any organization or group meetings in Greece over the scheduled dates that Bilderberg met, and the response told me to ask the particular organization for a list of attendees. While not confirming his presence, they also did not deny it. However, it is still unverified.
Naturally, all of these key players to wield enough influence to alter public opinion and perception of the economic crisis. They also have the most to gain from it. However, whatever image they construct, it remains just that; an image. The illusion will tear apart soon enough, and the world will come to realize that the crisis we have gone through thus far is merely the introductory chapter to the economic crisis as it will be written in history books.
Conclusion
The warnings from the Bank for International Settlements (BIS) and its former Chief Economist, William White, must not be taken lightly. Both the warnings of the BIS and William White in the past have gone unheralded and have been proven accurate with time. Do not allow the media-driven hope of ‘economic recovery’ sideline the ‘economic reality.’ Though it can be depressing to acknowledge; it is a far greater thing to be aware of the ground on which you tread, even if it is strewn with dangers; than to be ignorant and run recklessly through a minefield. Ignorance is not bliss; ignorance is delayed catastrophe.
A doctor must first properly identify and diagnose the problem before he can offer any sort of prescription as a solution. If the diagnosis is inaccurate, the prescription won’t work, and could in fact, make things worse. The global economy has a large cancer in it: it has been properly diagnosed by some, yet the prescription it was given was to cure a cough. The economic tumor has been identified; the question is: do we accept this and try to address it, or do we pretend that the cough prescription will cure it? What do you think gives a stronger chance of survival? Now try accepting the idea that ‘ignorance is bliss.’
As Gandhi said, “There is no god higher than truth.”
War is Peace, Freedom is Slavery, Ignorance is Strength, and Debt is Recovery
In light of the ever-present and unyieldingly persistent exclamations of ‘an end’ to the recession, a ‘solution’ to the crisis, and a ‘recovery’ of the economy; we must remember that we are being told this by the very same people and institutions which told us, in years past, that there was ‘nothing to worry about,’ that ‘the fundamentals are fine,’ and that there was ‘no danger’ of an economic crisis.
Why do we continue to believe the same people that have, in both statements and choices, been nothing but wrong? Who should we believe and turn to for more accurate information and analysis? Perhaps a useful source would be those at the epicenter of the crisis, in the heart of the shadowy world of central banking, at the global banking regulator, and the “most prestigious financial institution in the world,” which accurately predicted the crisis thus far: The Bank for International Settlements (BIS). This would be a good place to start.
The economic crisis is anything but over, the “solutions” have been akin to putting a band-aid on an amputated arm. The Bank for International Settlements (BIS), the central bank to the world’s central banks, has warned and continues to warn against such misplaced hopes.
What is the Bank for International Settlements (BIS)?
The BIS emerged from the Young Committee set up in 1929, which was created to handle the settlements of German reparations payments outlined in the Versailles Treaty of 1919. The Committee was headed by Owen D. Young, President and CEO of General Electric, co-author of the 1924 Dawes Plan, member of the Board of Trustees of the Rockefeller Foundation and was Deputy Chairman of the Federal Reserve Bank of New York. As the main American delegate to the conference on German reparations, he was also accompanied by J.P. Morgan, Jr.[1] What emerged was the Young Plan for German reparations payments.
The Plan went into effect in 1930, following the stock market crash. Part of the Plan entailed the creation of an international settlement organization, which was formed in 1930, and known as the Bank for International Settlements (BIS). It was purportedly designed to facilitate and coordinate the reparations payments of Weimar Germany to the Allied powers. However, its secondary function, which is much more secretive, and much more important, was to act as “a coordinator of the operations of central banks around the world.” Described as “a bank for central banks,” the BIS “is a private institution with shareholders but it does operations for public agencies. Such operations are kept strictly confidential so that the public is usually unaware of most of the BIS operations.”[2]
The BIS was founded by “the central banks of Belgium, France, Germany, Italy, the Netherlands, Japan, and the United Kingdom along with three leading commercial banks from the United States, including J.P. Morgan & Company, First National Bank of New York, and First National Bank of Chicago. Each central bank subscribed to 16,000 shares and the three U.S. banks also subscribed to this same number of shares.” However, “Only central banks have voting power.”[3]
Central bank members have bi-monthly meetings at the BIS where they discuss a variety of issues. It should be noted that most “of the transactions carried out by the BIS on behalf of central banks require the utmost secrecy,”[4] which is likely why most people have not even heard of it. The BIS can offer central banks “confidentiality and secrecy which is higher than a triple-A rated bank.”[5]
The BIS was established “to remedy the decline of London as the world’s financial center by providing a mechanism by which a world with three chief financial centers in London, New York, and Paris could still operate as one.”[6] As Carroll Quigley explained:
[T]he powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations.[7]
The BIS, is, without a doubt, the most important, powerful, and secretive financial institution in the world. It’s warnings should not be taken lightly, as it would be the one institution in the world that would be privy to such information more than any other.
Derivatives Crisis Ahead
In September of 2009, the BIS reported that, “The global market for derivatives rebounded to $426 trillion in the second quarter as risk appetite returned, but the system remains unstable and prone to crises.” The BIS quarterly report said that derivatives rose 16% “mostly due to a surge in futures and options contracts on three-month interest rates.” The Chief Economist of the BIS warned that the derivatives market poses “major systemic risks” in the international financial sector, and that, “The danger is that regulators will again fail to see that big institutions have taken far more exposure than they can handle in shock conditions.” The economist added that, “The use of derivatives by hedge funds and the like can create large, hidden exposures.”[8]
The day after the report by the BIS was published, the former Chief Economist of the BIS, William White, warned that, “The world has not tackled the problems at the heart of the economic downturn and is likely to slip back into recession,” and he further “warned that government actions to help the economy in the short run may be sowing the seeds for future crises.” He was quoted as warning of entering a double-dip recession, “Are we going into a W[-shaped recession]? Almost certainly. Are we going into an L? I would not be in the slightest bit surprised.” He added, “The only thing that would really surprise me is a rapid and sustainable recovery from the position we’re in.”
An article in the Financial Times explained that White’s comments are not to be taken lightly, as apart from heading the economic department at the BIS from 1995 to 2008, he had, “repeatedly warned of dangerous imbalances in the global financial system as far back as 2003 and – breaking a great taboo in central banking circles at the time – he dared to challenge Alan Greenspan, then chairman of the Federal Reserve, over his policy of persistent cheap money.”
The Financial Times continued:
Worldwide, central banks have pumped thousands of billions of dollars of new money into the financial system over the past two years in an effort to prevent a depression. Meanwhile, governments have gone to similar extremes, taking on vast sums of debt to prop up industries from banking to car making.
White warned that, “These measures may already be inflating a bubble in asset prices, from equities to commodities,” and that, “there was a small risk that inflation would get out of control over the medium term.” In a speech given in Hong Kong, White explained that, “the underlying problems in the global economy, such as unsustainable trade imbalances between the US, Europe and Asia, had not been resolved.”[9]
On September 20, 2009, the Financial Times reported that the BIS, “the head of the body that oversees global banking regulation,” while at the G20 meeting, “issued a stern warning that the world cannot afford to slip into a ‘complacent’ assumption that the financial sector has rebounded for good,” and that, “Jaime Caruana, general manager of the Bank for International Settlements and a former governor of Spain’s central bank, said the market rebound should not be misinterpreted.”[10]
This follows warnings from the BIS over the summer of 2009, regarding misplaced hope over the stimulus packages organized by various governments around the world. In late June, the BIS warned that, “fiscal stimulus packages may provide no more than a temporary boost to growth, and be followed by an extended period of economic stagnation.”
An article in the Australian reported that, “The only international body to correctly predict the financial crisis ... has warned the biggest risk is that governments might be forced by world bond investors to abandon their stimulus packages, and instead slash spending while lifting taxes and interest rates,” as the annual report of the BIS “has for the past three years been warning of the dangers of a repeat of the depression.” Further, “Its latest annual report warned that countries such as Australia faced the possibility of a run on the currency, which would force interest rates to rise.” The BIS warned that, “a temporary respite may make it more difficult for authorities to take the actions that are necessary, if unpopular, to restore the health of the financial system, and may thus ultimately prolong the period of slow growth.”
Further, “At the same time, government guarantees and asset insurance have exposed taxpayers to potentially large losses,” and explaining how fiscal packages posed significant risks, it said that, “There is a danger that fiscal policy-makers will exhaust their debt capacity before finishing the costly job of repairing the financial system,” and that, “There is the definite possibility that stimulus programs will drive up real interest rates and inflation expectations.” Inflation “would intensify as the downturn abated,” and the BIS “expressed doubt about the bank rescue package adopted in the US.”[11]
The BIS further warned of inflation, saying that, “The big and justifiable worry is that, before it can be reversed, the dramatic easing in monetary policy will translate into growth in the broader monetary and credit aggregates.” That will “lead to inflation that feeds inflation expectations or it may fuel yet another asset-price bubble, sowing the seeds of the next financial boom-bust cycle.”[12] With the latest report on the derivatives bubble being created, it has become painfully clear that this is exactly what has happened: the creation of another asset-price bubble. The problem with bubbles is that they burst.
The Financial Times reported that William White, former Chief Economist at the BIS, also “argued that after two years of government support for the financial system, we now have a set of banks that are even bigger - and more dangerous - than ever before,” which also, “has been argued by Simon Johnson, former chief economist at the International Monetary Fund,” who “says that the finance industry has in effect captured the US government,” and pointedly stated: “recovery will fail unless we break the financial oligarchy that is blocking essential reform.”[13] [Emphasis added].
At the beginning of September 2009, central bankers met at the BIS, and it was reported that, “they had agreed on a package of measures to strengthen the regulation and supervision of the banking industry in the wake of the financial crisis,” and the chief of the European Central Bank was quoted as saying, “The agreements reached today among 27 major countries of the world are essential as they set the new standards for banking regulation and supervision at the global level.”[14]
Among the agreed measures, “lenders should raise the quality of their capital by including more stock,” and “Banks will also have to raise the amount and quality of the assets they keep in reserve and curb leverage.” One of the key decisions made at the Basel conference, which is named after the Basel Committee on Banking Supervision, set up under the BIS, was that, “banks will need to raise the quality of their so-called Tier 1 capital base, which measures a bank’s ability to absorb sudden losses,” meaning that, “The majority of such reserves should be common shares and retained earnings and the holdings will be fully disclosed.”[15]
In mid-September, the BIS said that, “Central banks must coordinate global supervision of derivatives clearinghouses and consider offering them access to emergency funds to limit systemic risk.” In other words, “Regulators are pushing for much of the $592 trillion market in over-the-counter derivatives trades to be moved to clearinghouses which act as the buyer to every seller and seller to every buyer, reducing the risk to the financial system from defaults.” The report released by the BIS asked if clearing houses “should have access to central bank credit facilities and, if so, when?”[16]
A Coming Crisis
The derivatives market represents a massive threat to the stability of the global economy. However, it is one among many threats, all of which are related and intertwined; one will set off another. The big elephant in the room is the major financial bubble created from the bailouts and “stimulus” packages worldwide. This money has been used by major banks to consolidate the economy; buying up smaller banks and absorbing the real economy; productive industry. The money has also gone into speculation, feeding the derivatives bubble and leading to a rise in stock markets, a completely illusory and manufactured occurrence. The bailouts have, in effect, fed the derivatives bubble to dangerous new levels as well as inflating the stock market to an unsustainable position.
However, a massive threat looms in the cost of the bailouts and so-called “stimulus” packages. The economic crisis was created as a result of low interest rates and easy money: high-risk loans were being made, money was invested in anything and everything, the housing market inflated, the commercial real estate market inflated, derivatives trade soared to the hundreds of trillions per year, speculation ran rampant and dominated the global financial system. Hedge funds were the willing facilitators of the derivatives trade, and the large banks were the major participants and holders.
At the same time, governments spent money loosely, specifically the United States, paying for multi-trillion dollar wars and defense budgets, printing money out of thin air, courtesy of the global central banking system. All the money that was produced, in turn, produced debt. By 2007, the total debt – domestic, commercial and consumer debt – of the United States stood at a shocking $51 trillion.[17]
As if this debt burden was not enough, considering it would be impossible to ever pay back, the past two years has seen the most expansive and rapid debt expansion ever seen in world history – in the form of stimulus and bailout packages around the world. In July of 2009, it was reported that, “U.S. taxpayers may be on the hook for as much as $23.7 trillion to bolster the economy and bail out financial companies, said Neil Barofsky, special inspector general for the Treasury’s Troubled Asset Relief Program.”[18]
Bilderberg Plan in Action?
In May of 2009, I wrote an article covering the Bilderberg meeting of 2009, a highly secretive meeting of major elites from Europe and North America, who meet once a year behind closed doors. Bilderberg acts as an informal international think tank, and they do not release any information, so reports from the meetings are leaked and the sources cannot be verified. However, the information provided by Bilderberg trackers and journalists Daniel Estulin and Jim Tucker have proven surprisingly accurate in the past.
In May, the information that leaked from the meetings regarded the main topic of conversation being, unsurprisingly, the economic crisis. The big question was to undertake “Either a prolonged, agonizing depression that dooms the world to decades of stagnation, decline and poverty ... or an intense-but-shorter depression that paves the way for a new sustainable economic world order, with less sovereignty but more efficiency.”
Important to note, was that one major point on the agenda was to “continue to deceive millions of savers and investors who believe the hype about the supposed up-turn in the economy. They are about to be set up for massive losses and searing financial pain in the months ahead.”
Estulin reported on a leaked report he claimed to have received following the meeting, which reported that there were large disagreements among the participants, as “The hardliners are for dramatic decline and a severe, short-term depression, but there are those who think that things have gone too far and that the fallout from the global economic cataclysm cannot be accurately calculated.” However, the consensus view was that the recession would get worse, and that recovery would be “relatively slow and protracted,” and to look for these terms in the press over the next weeks and months. Sure enough, these terms have appeared ad infinitum in the global media.
Estulin further reported, “that some leading European bankers faced with the specter of their own financial mortality are extremely concerned, calling this high wire act ‘unsustainable,’ and saying that US budget and trade deficits could result in the demise of the dollar.” One Bilderberger said that, “the banks themselves don't know the answer to when (the bottom will be hit).” Everyone appeared to agree, “that the level of capital needed for the American banks may be considerably higher than the US government suggested through their recent stress tests.” Further, “someone from the IMF pointed out that its own study on historical recessions suggests that the US is only a third of the way through this current one; therefore economies expecting to recover with resurgence in demand from the US will have a long wait.” One attendee stated that, “Equity losses in 2008 were worse than those of 1929,” and that, “The next phase of the economic decline will also be worse than the '30s, mostly because the US economy carries about $20 trillion of excess debt. Until that debt is eliminated, the idea of a healthy boom is a mirage.”[19]
Could the general perception of an economy in recovery be the manifestation of the Bilderberg plan in action? Well, to provide insight into attempting to answer that question, we must review who some of the key participants at the conference were.
Central Bankers
Many central bankers were present, as per usual. Among them, were the Governor of the National Bank of Greece, Governor of the Bank of Italy, President of the European Investment Bank; James Wolfensohn, former President of the World Bank; Nout Wellink, President of the Central Bank of the Netherlands and is on the board of the Bank for International Settlements (BIS); Jean-Claude Trichet, the President of the European Central Bank was also present; the Vice Governor of the National Bank of Belgium; and a member of the Board of the Executive Directors of the Central Bank of Austria.
Finance Ministers and Media
Finance Ministers and officials also attended from many different countries. Among the countries with representatives present from the financial department were Finland, France, Great Britain, Italy, Greece, Portugal, and Spain. There were also many representatives present from major media enterprises around the world. These include the publisher and editor of Der Standard in Austria; the Chairman and CEO of the Washington Post Company; the Editor-in-Chief of the Economist; the Deputy Editor of Die Zeit in Germany; the CEO and Editor-in-Chief of Le Nouvel Observateur in France; the Associate Editor and Chief Economics Commentator of the Financial Times; as well as the Business Correspondent and the Business Editor of the Economist. So, these are some of the major financial publications in the world present at this meeting. Naturally, they have a large influence on public perceptions of the economy.
Bankers
Also of importance to note is the attendance of private bankers at the meeting, for it is the major international banks that own the shares of the world’s central banks, which in turn, control the shares of the Bank for International Settlements (BIS). Among the banks and financial companies represented at the meeting were Deutsche Bank AG, ING, Lazard Freres & Co., Morgan Stanley International, Goldman Sachs, Royal Bank of Scotland, and of importance to note is David Rockefeller,[20] former Chairman and CEO of Chase Manhattan (now J.P. Morgan Chase), who can arguably be referred to as the current reigning ‘King of Capitalism.’
The Obama Administration
Heavy representation at the Bilderberg meeting also came from members of the Obama administration who are tasked with resolving the economic crisis. Among them were Timothy Geithner, the US Treasury Secretary and former President of the Federal Reserve Bank of New York; Lawrence Summers, Director of the White House's National Economic Council, former Treasury Secretary in the Clinton administration, former President of Harvard University, and former Chief Economist of the World Bank; Paul Volcker, former Governor of the Federal Reserve System and Chair of Obama’s Economic Recovery Advisory Board; Robert Zoellick, former Chairman of Goldman Sachs and current President of the World Bank.[21]
Unconfirmed were reports of the Fed Chairman, Ben Bernanke being present. However, if the history and precedent of Bilderberg meetings is anything to go by, both the Chairman of the Federal Reserve and the President of the Federal Reserve Bank of New York are always present, so it would indeed be surprising if they were not present at the 2009 meeting. I contacted the New York Fed to ask if the President attended any organization or group meetings in Greece over the scheduled dates that Bilderberg met, and the response told me to ask the particular organization for a list of attendees. While not confirming his presence, they also did not deny it. However, it is still unverified.
Naturally, all of these key players to wield enough influence to alter public opinion and perception of the economic crisis. They also have the most to gain from it. However, whatever image they construct, it remains just that; an image. The illusion will tear apart soon enough, and the world will come to realize that the crisis we have gone through thus far is merely the introductory chapter to the economic crisis as it will be written in history books.
Conclusion
The warnings from the Bank for International Settlements (BIS) and its former Chief Economist, William White, must not be taken lightly. Both the warnings of the BIS and William White in the past have gone unheralded and have been proven accurate with time. Do not allow the media-driven hope of ‘economic recovery’ sideline the ‘economic reality.’ Though it can be depressing to acknowledge; it is a far greater thing to be aware of the ground on which you tread, even if it is strewn with dangers; than to be ignorant and run recklessly through a minefield. Ignorance is not bliss; ignorance is delayed catastrophe.
A doctor must first properly identify and diagnose the problem before he can offer any sort of prescription as a solution. If the diagnosis is inaccurate, the prescription won’t work, and could in fact, make things worse. The global economy has a large cancer in it: it has been properly diagnosed by some, yet the prescription it was given was to cure a cough. The economic tumor has been identified; the question is: do we accept this and try to address it, or do we pretend that the cough prescription will cure it? What do you think gives a stronger chance of survival? Now try accepting the idea that ‘ignorance is bliss.’
As Gandhi said, “There is no god higher than truth.”
CAUTION: Crash/Collapse Dead Ahead Say Faber, Rogers, Dent and Celente
Author: Mac Slavo- October 2nd, 2009After a massive upswing in US stocks over the last six months, the recent rally may finally be coming to an end. It seems that the trend of rising stocks on bad or better than expected news may be in a reversal, as evidenced by market participants’ caution over the last couple of weeks. For those that follow contrarian investors like Marc Faber, Jim Rogers, Gerald Celente and Harry Dent, this should come as no surprise.
Marc Faber, publisher of the Gloom Boom & Doom Report, advised his subscribers and followers to take positions in US tech stocks, the banking sector and hard assets at the bottom of the markets in early March of 2006. However, he did provide a word of caution on March 16, 2009, making it known that while he was a short-term bull on stocks, that eventually, the economic fundamentals would catch up:
“probably a total collapse in the second half of the year when it becomes clear that the economy is a total disaster.”
As recently as September 3rd, on Delhi TV, he made another call, essentially telling investors to get out:
“I believe in the next 10 days to two weeks we’ll get big moves in markets. And I wouldn’t be surprised if the Dollar would for a change strengthen and equity markets would correct and possibly quite meaningfully so.”
Gerald Celente, Trends Research forecaster and contrarian thinker, advised listeners of the Jeff Rense show on September 23rd to look out below, calling it the Christmas Crash. He believes that the next collapse will come quickly, sometime this Fall, but as late as January or February of 2010:
“It’s going to really be an ugly scene. We are really encouraging people now to take pro-active measures and prepare for the worst. Don’t spend an extra dime.”
Jim Rogers, who is well known for making millions during the recession and commodities boom of the 1970’s, is also hesitant about acquiring more equities. He is an avid US Dollar bear, but in an interview on September 30th, he turned bullish on the dollar in the short term. His advice?
“I am not buying shares anywhere in the world as we speak.”
Finally, we have economist and cyclical analyst Harry Dent Jr., who some may know for having called the real estate Bubble-Boom, and subsequent crash, years before it happened in his book The Next Great Bubble Boom. Dent was also bullish on the Dow, calling for it to reach between 9450 and 10,500 after the March lows of 2009. Like Faber, Dent also cautioned investors to stay vigilant once the 9000 mark was breached. In a recent Economic Forecast Alert to subscribers, Dent indicated that the tide was changing:
“The markets are very overstretched here and we think it is very likely that we are seeing a top just above 9,800 on the Dow today.
This is the best intermediate term play we have seen in a long time. Shorting the stock market (for example, ETF symbol SH) could yield 50% to 60%+ gains over the next year with a 5% to 15% downside if the markets keep edging up for awhile, even to extremes.”
Though we continue to see most mainstream analysts talk the bull market talk, it looks as if the bull may be in trouble, especially if individual investors realize what all of the big boys talking their books already know - that the economic fundamentals are simply horrific and the markets are already pricing in GDP growth of over 5% for the next 4 quarters. Considering that GDP grew at 0.7% in the 2nd quarter, that seems highly unlikely. Some estimates also suggest the the P/E of the S&P 500 right now is at unprecedented levels of over 100!
As of today, it looks as if investor focus is shifting from stocks and commodities into what some consider to be short-term safehaven assets, such as US Treasury Bills/Notes/Bonds. The yield on the 10 yr is at 3.15% as of October 2nd, significantly down since August 7th’s 3.85%, suggesting that safety, not risk, is now the name of the game. Interestingly, and unlike November of 2008, gold seems to be holding strong at around $1000, though this may change if the US Dollar rises, as Jim Rogers, Faber and Dent have suggested it may.
For those still in equities, we believe Tyler Durdern at Zero Hedge said it best, “Go long here at your peril.”
Marc Faber, publisher of the Gloom Boom & Doom Report, advised his subscribers and followers to take positions in US tech stocks, the banking sector and hard assets at the bottom of the markets in early March of 2006. However, he did provide a word of caution on March 16, 2009, making it known that while he was a short-term bull on stocks, that eventually, the economic fundamentals would catch up:
“probably a total collapse in the second half of the year when it becomes clear that the economy is a total disaster.”
As recently as September 3rd, on Delhi TV, he made another call, essentially telling investors to get out:
“I believe in the next 10 days to two weeks we’ll get big moves in markets. And I wouldn’t be surprised if the Dollar would for a change strengthen and equity markets would correct and possibly quite meaningfully so.”
Gerald Celente, Trends Research forecaster and contrarian thinker, advised listeners of the Jeff Rense show on September 23rd to look out below, calling it the Christmas Crash. He believes that the next collapse will come quickly, sometime this Fall, but as late as January or February of 2010:
“It’s going to really be an ugly scene. We are really encouraging people now to take pro-active measures and prepare for the worst. Don’t spend an extra dime.”
Jim Rogers, who is well known for making millions during the recession and commodities boom of the 1970’s, is also hesitant about acquiring more equities. He is an avid US Dollar bear, but in an interview on September 30th, he turned bullish on the dollar in the short term. His advice?
“I am not buying shares anywhere in the world as we speak.”
Finally, we have economist and cyclical analyst Harry Dent Jr., who some may know for having called the real estate Bubble-Boom, and subsequent crash, years before it happened in his book The Next Great Bubble Boom. Dent was also bullish on the Dow, calling for it to reach between 9450 and 10,500 after the March lows of 2009. Like Faber, Dent also cautioned investors to stay vigilant once the 9000 mark was breached. In a recent Economic Forecast Alert to subscribers, Dent indicated that the tide was changing:
“The markets are very overstretched here and we think it is very likely that we are seeing a top just above 9,800 on the Dow today.
This is the best intermediate term play we have seen in a long time. Shorting the stock market (for example, ETF symbol SH) could yield 50% to 60%+ gains over the next year with a 5% to 15% downside if the markets keep edging up for awhile, even to extremes.”
Though we continue to see most mainstream analysts talk the bull market talk, it looks as if the bull may be in trouble, especially if individual investors realize what all of the big boys talking their books already know - that the economic fundamentals are simply horrific and the markets are already pricing in GDP growth of over 5% for the next 4 quarters. Considering that GDP grew at 0.7% in the 2nd quarter, that seems highly unlikely. Some estimates also suggest the the P/E of the S&P 500 right now is at unprecedented levels of over 100!
As of today, it looks as if investor focus is shifting from stocks and commodities into what some consider to be short-term safehaven assets, such as US Treasury Bills/Notes/Bonds. The yield on the 10 yr is at 3.15% as of October 2nd, significantly down since August 7th’s 3.85%, suggesting that safety, not risk, is now the name of the game. Interestingly, and unlike November of 2008, gold seems to be holding strong at around $1000, though this may change if the US Dollar rises, as Jim Rogers, Faber and Dent have suggested it may.
For those still in equities, we believe Tyler Durdern at Zero Hedge said it best, “Go long here at your peril.”
Friday, October 2, 2009
SO.., What's up in Hardin Montana??
Hardin, Montana a "Town" of 3,384 souls is the proud site of a $23,000,000 plus accruing interest, 464 bed world class incarceration facility that has been empty for about 2 years. A company called "American Police Force, Inc" Which is now driving numerous black Mercedes SUVs around their small rural town, has leased the facility and hired the area's only "investigative" reporter to be their "spokesliar". Maybe she might tell us........?
She says...." "
Curiously the towns people have had little to say about the facility and were only minimally advised about the decision to spend that much money for the incarceration facility. Of course, a town of this size couldn't afford to spend that much money from their small budget and meager revenues so the local joint powers economic development agency had to float a bond issue. Floating bonds is an expensive and sophisticated process not likely to be undertaken in a small rural town, without some sort of impetus from outside influences. Firstly, the buyers need assurances that they will be repaid, so where did the assurances come from? Secondly, a local joint powers agency of this size couldn't possibly sell those bonds if there weren't a credible source behind the scenes vouching for their repayment. Was it the CIA or maybe a client of the Alabama law firms of Balch & Bingham or DC based Wilmer Cutler & Pickering? Maybe the area's new "investigative reporter" will tell us?
Now here is where the SHTF, how does a small a small rural county demonstrate the need for a large world class incarceration facility that they won’t use or begin filling until 2010? Why does the facility seem to pop up when Camp X-Ray at the Joint Command facility in Guantanamo Bay Cuba, seems to be on the verge of being emptied? Why does the facility have all the facilities for prisoners that most “free folks” would envy? Why does the primary mission of American Police Force, Inc. seem more like a public relations operations designed to hide a special group of prisoners from the public rather than incarcerate them?
She goes on to say ....""
Well here is my theory, and it’s not too complicated. The high value detainees at Gitmo are not Al-Qaeda. They are the 246 civilian passengers and improbably 19 hijackers that were supposedly on the high jacked airplanes of 9/11. (American Airlines Flights 11 & 77 and United Airlines Flights 175 & 93)
Fact: many people, as I do, believe that the “suicide hijackings” and subsequent official versions do not match what we all saw on the live broadcasts on all TV Channels, with our own eyes and ears.
Fact: the official versions do not square up with on scene reports by hundreds of eyewitnesses.
Fact: Lee Hamilton, the Chairman of the 9/11 Commission said the investigation was “designed to fail” and “the CIA stonewalled our investigation at every turn”.
Fact: the official version has subsequently been revised by talking heads to cloak the inconsistencies.
But most importantly: It is the;
Fact: that the evidence of the biggest crime scene in US history was immediately destroyed by shipping the WTC structural steel to China where it was melted. In America FAA radar data tapes were erased and other real evidence was never produced or investigated.
Fact: the NIST, an official government agency, made statements that destroyed their own credibility even though they were often cited in the Official 9/11 Commission report.
Now let’s move on to the next part, the one I think shows the most inconsistencies A.A. Flight 77 which was said to have been flown into the Pentagon at 9:37 AM of the morning of 9/11 by the "bestest" pilot in the whole world “Ace Pilot Hani Hanjour”, Soon to be credited with 600 hours of "unconfirmed" flight hours and 189 “confirmed” kills. (Air and Ground)
Now it's time to ask, She says ...""
Who is Hani Hanjour? In September 1996 he took lessons at CRM Flight Cockpit Resource Management in Scotsdale, AZ. He received poor marks from instructor Duncan Hastie, and left the school. In December he enrolled again but left shortly thereafter because of continuing poor performance. In August 1998, Hanjour requested to rent a small plane, however, after three practice flights in a Cessna 172 with Ben Connor, an instructor, it was decided that he was not capable enough to allow him to rent an airplane. Federal Aviation Administration records show “Ace Pilot Hani Hanjour” obtained a commercial pilot's license in April 1999, but how and where he did so remains a lingering question that FAA officials refuse to discuss. Instructors familiar with his performance said “he could not fly at all” Somehow “Ace Pilot Hani Hanjour” acquired 600 hours of unsupervised flying time and logged it into his pilot log book. Pilot logs are on the honor system and pilots fill in their own logs. There are no supporting rent receipts or supervising signatures to support his alleged 600 hours of log entries. The experience was either fabricated by “Ace Pilot Hani Hanjour” or someone else. (It would take at least $60,000 to get all of the hours and training necessary to earn a commercial pilot’s license. Where is the money trail?)
It is beyond belief that “Ace Pilot Hani Hanjour” could fly any plane especially a sophisticated Boeing 757 at about 500 MPH into prohibited airspace around the Pentagon and White House, perform high G 270 degree maneuver and head straight into the Pentagon barely above ground level for a full ½ mile and crash dead nuts into the sparsely used area of the Pentagon which originally resulted in a hole about 12 feet in diameter. Then, said Boeing 757 folded its wings like a kerchief being pulled through a paper tube and left no evidence whatsoever of the two massive engines or wings either on the outside or inside the Pentagon. OK, let’s cover our asses and say “it’s a miracle”, praise Allah, Jesus and Abraham. Of course everything and everyone was vaporized, except some paper, books, chairs, desks and file cabinets left standing in the now exposed office space right on the edge of the hole. Pretty clever, I’d say..”Ace Pilot Hani Hanjour” pulled off a miracle when he vaporized a complete Boeing 757 with 2 massive engines, 64 passengers & crew plus 125 employees at the Pentagon but left the office contents intact.
Fact: Something hit the Pentagon!! But it was not “Ace Pilot Hani Hanjour” acrobatically flying a Boeing 757 at 500 MPH, 20 feet off the deck. The Pentagon is a heavily secured with at least 70 exterior building cameras, but the only Pentagon camera evidence released to the public or the 9/11 commission was a parking lot camera that recorded something about the size of a fighter plane that fox’d it’s missile just the instant before it crashes into the Pentagon wall. This is consistent with the original 12’ hole in the Pentagon. Later a grainy photo shows a small Jet engine compressor fan inside Ring C of the Pentagon this is also consistent with a small fighter jet engine part. The proof is in the photo, all the Pentagon has to do is release the serial number of the compressor fan and other surviving parts and they will prove, without a doubt, what actually hit the Pentagon. It’s a slam dunk; the parts will have military serial numbers not commercial airplane serial numbers!! Maybe some guy was riding that plane, but I seriously doubt it.
Now let’s dissect another event, the one that proves that Theodore Olson, husband of Barbara Bracher-Olson is in on the joke. Theodore Olson’s wife Barbara was a “passenger” on the Boeing 757 passenger airliner that “Ace acrobatic pilot Hani Hanjour” crashed into the Pentagon. This is supported by the planes passenger list and attested to by Ted Olson. He said she called him several times on her cell phone, then changes his story to onboard air phones. But the FBI, said there is no evidence that the calls were made, no charge card expenses, or cell phone records exist to support their calm and collected goodbyes that lasted for almost a minute.
Who is Barbara Bracher-Olson? She earned a Juris Doctor degree from Yeshiva University’s Benjamin N. Cardozo School of Law. Later she worked as an associate at the Washington, D.C.-based law firm of Wilmer, Cutler and Pickering where she did civil litigation for several years before becoming an assistant U.S. attorney. In 1994, she left to work for the United States House of Representatives, becoming chief investigative counsel for the House Government Reform and Oversight Committee. There she led the Travelgate and Filegate investigations into the Clinton administration. She co-founded the Independent Women’s Forum with Rosalie Silberman. Later she was a partner in the Washington, DC office of the Birminhgham, Alabama law firm of Balch and Bingham. It was said she hated everything Clinton.
Barbara Bracher-Olson was the bleached blonde talking head on Fox News Channel and CNN among others. She was a conservative American tv commentator and lawyer. She was a “passenger” on American Airlines Flight 77 en route to a taping of the television Bill Maher’s Politically Incorrect TV show when it was “flown” into the Pentagon on 9/11 by “Ace Pilot Hani Hanjour with 600 hours of unconfirmed flight as pilot in command(PIC)."
Who was Theodore Olson? Barbara Bracher married Theodore Olson in 1996. He successfully represented presidential candidate George W. Bush in the Supreme Court case of Bush v. Gore which effectively determined the final result of the contested 2000 Presidential election.. He subsequently was appointed as U.S. Solicitor General in the Bush administration. He testified many times that they talked on the phone during the hijacking, but this has been completely refuted by the lack of supporting evidence. Theodore Olson the former U.S. Solicitor General promotes the joke of 9/11 attacks on America by Osama Bin Laden and friends.
Where is Barbara Bracher-Olson? Her “flight” was scheduled to leave at 8:10AM from gate D26 at Dulles Airport on 9/11. For whatever reason the plane sat an extra 10 minutes at the gate after the passengers had all been boarded. This is more than enough time to deplane 64 passengers and crew or substitute another plane. Which is what happened. No one flew a Boeing 757 into the Pentagon including “Ace Pilot Hani Hanjour”. Instead an empty fighter plane with a small fighter jet sized engine had been prepared and then flown into the Pentagon. It was easily flown from any distance by the CIA’s remote control pilots. This happens everyday in Iraq and Afghanistan where unmanned Predator drones are controlled from Beale Air Force Base in Northern California. This is not rocket science because unmanned aircraft are flown on every possible weekend at the local RC club field by regular Joes. They are real good, and they use ordinary off-the-shelf equipment available in any respectable hobby shop. Imagine what the CIA has and you would probably underestimate their capability. At this time we are only talking about AA Flight 77 but the WTC strikers were ordinary military cargo style or recon style planes because they had miles of open space to operate in, not so for AA Flight 77. After entering the P56 airspace the CIA operated almost entirely within the confines of P-56. It had to be small.
P = Prohibited Airspace
Lethal force is authorized in the P-56 area. It is surrounded by all manner and means of anti-aircraft defenses ranging from shoulder fired weapons like stingers, or S. A. missle batteries, and squadrons of supersonic F-16s, F-14s and FA-18s.
Here is where treason becomes evident.
If the events unfolded as the 9/11 Commission report says they did then one is forced to ask the obvious; Who had the authority and capability to allow the Boeing 757 to enter P-56 and who let it strike the Pentagon? Just ask Norman Minetta. He testified, under oath, that Vice President Dick Cheney ordered NORAD to standown. VPOTUS ordered NORAD to standdown when the known hijacked airplane the size of a Boeing 757 entered area P-56?? That is plain and simple treason!! Ok I’m going to cut Vice President Dick Cheney some slack, he knew it wasn’t a hijacked Boeing 757 piloted by that “600 hours pilot and Ace of Aces Hani Hanjour”. Instead he knew it was a normal run-of-the-mill pilotless drone remotely controlled by the CIA and they told him they were just kidding around. But they fooled him, didn’t they.
Scene 1 act 2
Wham-bam Hani Hanjour future Ace of Aces with a future 189 confirmed kills is history and probably dead before the original plane left Gate D26 and most certainly before the drone entered P-56 airspace. Dead men, all of the so-called hijackers, tell no tales. But the CIA would never kill Barbara Bracher-Olson as she and her husband were already in on the joke. Barbara Bracher-Olson would be memorialized time and time again, eulogy upon eulogy was spoken and fond memories were relived because the the joke has to go on or it’s no fun. I’m sure she enjoyed every minute as she watched from a suite at Camp X-Ray or a penthouse in Europe. Now Barbara Bracher-Olson has her naturally curly dark hair, some minor cosmetic surgery, perhaps a few more pounds on her hips and a set of blue contact lenses for her beautiful brown eyes. Perhaps, she is also surrounded by loving young children that she really wanted more than the endless conservative talk show engagements.
OK I know I’m getting teary eyed at that loving scene, but wait there is more. Barbara is happy and safe. Ted hasn’t remarried and comes to see her every time he can. But what about the normal people who thought they were going to get on their plane awaiting them at Gate D-26? Well they were quickly herded off the plane or taxied to a secure area where a bus was parked and they were given new identities and numbers reserved for “High Value Detainees”. They were informed that they were being transported to a comfortable location in the Carribean as an essential part of a national defense exercise. If anyone was uncomfortable with it well, tough, cause that’s the way things are and besides it will be relaxing fun and a short trip, we guarantee it!.
While at Camp X-Ray some of them would become discontent and labeled trouble makers, they would never have a chance to see their families and loved ones like Barabara Bracher-Olson does. They are simply “Really Really Bad High Value Detainees” (RRBHVD)their “group sessions” would yield essential information in the fight against global terrorism. Some would get to vacation in Syria, Poland and Israel. This could be too good to be true, an endless vacation with Sunday school, fresh air, plenty to drink, professional entertainment, exercise, water sports, practical jokes, Yoga stretching exercises and no family obligations to disrupt their pleasure. Some would eventually come to love their captors as the “Stockholm Syndrom” illustrated. Some would even begin to cherish their captivity.
OOPs here comes the new POTUS Barak Husein Obama, he is determined to shut down Gitmo, Too much bad publicity, torture and rendition. “Man”, he says “this is a lot like Chicago and I hate that place. We have to shut it down”!!! “Hey POTUS” they say “you don’t understand, we have some "High Value Detainees" in Gitmo and nobody wants them”!! (Except their grieving families”) “Believe it or not some of these “Very High Value Detainees” really like their new lifestyle”. “So you can’t shut us down”. POTUS B.H.O. is adamant and also ignorant of the joke so he persists. Meanwhile he asks Congress to shut off further funding to Gitmo. But Congress, being a party to the original joke naturally refuses and gives the Gitmo Joint Command the money they need to keep Camp X-Ray open and their happy campers healthy and contented. “Well” everyone says “ Obama is out of the loop so we can pretend to shut down Gitmo”. “After all, isn't everyone bored with Castro, pina colladas, water sports, humidity and bugs in their shorts?”
At this point a big Commanding voice errupted “Lets go to Hardin, Montana, population 3,384. I have a cousin there who works for a local newspaper and I can get her to be our spokesliar, on the cheap”. Another bigger Commanding voice says “I’ll call a frat buddy friend of mine who works for the local Joint Powers Economic Development Corp and get him to help us relocate our Really Really Bad High Value Detainees, Really Really High Value Detainees, High Value Detainees and perhap a few others to our new Hardin Maximum Security Facility. (HMSF) “We can lease it for big bucks and everyone will keep their mouth shut, what do you say?” The final agreement is nailed down when the biggest Commanding voice of all says “ I’ll call in some chips, help Hardin float some bonds and organize a private security company called American Police Force, Inc. BTW, Does anyone not want a new black Mercedes Benz SUV?. I heard POTUS will give us $4,500 for our old cheep'o American Gitmo Clunkers!!”
She says...." "
Curiously the towns people have had little to say about the facility and were only minimally advised about the decision to spend that much money for the incarceration facility. Of course, a town of this size couldn't afford to spend that much money from their small budget and meager revenues so the local joint powers economic development agency had to float a bond issue. Floating bonds is an expensive and sophisticated process not likely to be undertaken in a small rural town, without some sort of impetus from outside influences. Firstly, the buyers need assurances that they will be repaid, so where did the assurances come from? Secondly, a local joint powers agency of this size couldn't possibly sell those bonds if there weren't a credible source behind the scenes vouching for their repayment. Was it the CIA or maybe a client of the Alabama law firms of Balch & Bingham or DC based Wilmer Cutler & Pickering? Maybe the area's new "investigative reporter" will tell us?
Now here is where the SHTF, how does a small a small rural county demonstrate the need for a large world class incarceration facility that they won’t use or begin filling until 2010? Why does the facility seem to pop up when Camp X-Ray at the Joint Command facility in Guantanamo Bay Cuba, seems to be on the verge of being emptied? Why does the facility have all the facilities for prisoners that most “free folks” would envy? Why does the primary mission of American Police Force, Inc. seem more like a public relations operations designed to hide a special group of prisoners from the public rather than incarcerate them?
She goes on to say ....""
Well here is my theory, and it’s not too complicated. The high value detainees at Gitmo are not Al-Qaeda. They are the 246 civilian passengers and improbably 19 hijackers that were supposedly on the high jacked airplanes of 9/11. (American Airlines Flights 11 & 77 and United Airlines Flights 175 & 93)
Fact: many people, as I do, believe that the “suicide hijackings” and subsequent official versions do not match what we all saw on the live broadcasts on all TV Channels, with our own eyes and ears.
Fact: the official versions do not square up with on scene reports by hundreds of eyewitnesses.
Fact: Lee Hamilton, the Chairman of the 9/11 Commission said the investigation was “designed to fail” and “the CIA stonewalled our investigation at every turn”.
Fact: the official version has subsequently been revised by talking heads to cloak the inconsistencies.
But most importantly: It is the;
Fact: that the evidence of the biggest crime scene in US history was immediately destroyed by shipping the WTC structural steel to China where it was melted. In America FAA radar data tapes were erased and other real evidence was never produced or investigated.
Fact: the NIST, an official government agency, made statements that destroyed their own credibility even though they were often cited in the Official 9/11 Commission report.
Now let’s move on to the next part, the one I think shows the most inconsistencies A.A. Flight 77 which was said to have been flown into the Pentagon at 9:37 AM of the morning of 9/11 by the "bestest" pilot in the whole world “Ace Pilot Hani Hanjour”, Soon to be credited with 600 hours of "unconfirmed" flight hours and 189 “confirmed” kills. (Air and Ground)
Now it's time to ask, She says ...""
Who is Hani Hanjour? In September 1996 he took lessons at CRM Flight Cockpit Resource Management in Scotsdale, AZ. He received poor marks from instructor Duncan Hastie, and left the school. In December he enrolled again but left shortly thereafter because of continuing poor performance. In August 1998, Hanjour requested to rent a small plane, however, after three practice flights in a Cessna 172 with Ben Connor, an instructor, it was decided that he was not capable enough to allow him to rent an airplane. Federal Aviation Administration records show “Ace Pilot Hani Hanjour” obtained a commercial pilot's license in April 1999, but how and where he did so remains a lingering question that FAA officials refuse to discuss. Instructors familiar with his performance said “he could not fly at all” Somehow “Ace Pilot Hani Hanjour” acquired 600 hours of unsupervised flying time and logged it into his pilot log book. Pilot logs are on the honor system and pilots fill in their own logs. There are no supporting rent receipts or supervising signatures to support his alleged 600 hours of log entries. The experience was either fabricated by “Ace Pilot Hani Hanjour” or someone else. (It would take at least $60,000 to get all of the hours and training necessary to earn a commercial pilot’s license. Where is the money trail?)
It is beyond belief that “Ace Pilot Hani Hanjour” could fly any plane especially a sophisticated Boeing 757 at about 500 MPH into prohibited airspace around the Pentagon and White House, perform high G 270 degree maneuver and head straight into the Pentagon barely above ground level for a full ½ mile and crash dead nuts into the sparsely used area of the Pentagon which originally resulted in a hole about 12 feet in diameter. Then, said Boeing 757 folded its wings like a kerchief being pulled through a paper tube and left no evidence whatsoever of the two massive engines or wings either on the outside or inside the Pentagon. OK, let’s cover our asses and say “it’s a miracle”, praise Allah, Jesus and Abraham. Of course everything and everyone was vaporized, except some paper, books, chairs, desks and file cabinets left standing in the now exposed office space right on the edge of the hole. Pretty clever, I’d say..”Ace Pilot Hani Hanjour” pulled off a miracle when he vaporized a complete Boeing 757 with 2 massive engines, 64 passengers & crew plus 125 employees at the Pentagon but left the office contents intact.
Fact: Something hit the Pentagon!! But it was not “Ace Pilot Hani Hanjour” acrobatically flying a Boeing 757 at 500 MPH, 20 feet off the deck. The Pentagon is a heavily secured with at least 70 exterior building cameras, but the only Pentagon camera evidence released to the public or the 9/11 commission was a parking lot camera that recorded something about the size of a fighter plane that fox’d it’s missile just the instant before it crashes into the Pentagon wall. This is consistent with the original 12’ hole in the Pentagon. Later a grainy photo shows a small Jet engine compressor fan inside Ring C of the Pentagon this is also consistent with a small fighter jet engine part. The proof is in the photo, all the Pentagon has to do is release the serial number of the compressor fan and other surviving parts and they will prove, without a doubt, what actually hit the Pentagon. It’s a slam dunk; the parts will have military serial numbers not commercial airplane serial numbers!! Maybe some guy was riding that plane, but I seriously doubt it.
Now let’s dissect another event, the one that proves that Theodore Olson, husband of Barbara Bracher-Olson is in on the joke. Theodore Olson’s wife Barbara was a “passenger” on the Boeing 757 passenger airliner that “Ace acrobatic pilot Hani Hanjour” crashed into the Pentagon. This is supported by the planes passenger list and attested to by Ted Olson. He said she called him several times on her cell phone, then changes his story to onboard air phones. But the FBI, said there is no evidence that the calls were made, no charge card expenses, or cell phone records exist to support their calm and collected goodbyes that lasted for almost a minute.
Who is Barbara Bracher-Olson? She earned a Juris Doctor degree from Yeshiva University’s Benjamin N. Cardozo School of Law. Later she worked as an associate at the Washington, D.C.-based law firm of Wilmer, Cutler and Pickering where she did civil litigation for several years before becoming an assistant U.S. attorney. In 1994, she left to work for the United States House of Representatives, becoming chief investigative counsel for the House Government Reform and Oversight Committee. There she led the Travelgate and Filegate investigations into the Clinton administration. She co-founded the Independent Women’s Forum with Rosalie Silberman. Later she was a partner in the Washington, DC office of the Birminhgham, Alabama law firm of Balch and Bingham. It was said she hated everything Clinton.
Barbara Bracher-Olson was the bleached blonde talking head on Fox News Channel and CNN among others. She was a conservative American tv commentator and lawyer. She was a “passenger” on American Airlines Flight 77 en route to a taping of the television Bill Maher’s Politically Incorrect TV show when it was “flown” into the Pentagon on 9/11 by “Ace Pilot Hani Hanjour with 600 hours of unconfirmed flight as pilot in command(PIC)."
Who was Theodore Olson? Barbara Bracher married Theodore Olson in 1996. He successfully represented presidential candidate George W. Bush in the Supreme Court case of Bush v. Gore which effectively determined the final result of the contested 2000 Presidential election.. He subsequently was appointed as U.S. Solicitor General in the Bush administration. He testified many times that they talked on the phone during the hijacking, but this has been completely refuted by the lack of supporting evidence. Theodore Olson the former U.S. Solicitor General promotes the joke of 9/11 attacks on America by Osama Bin Laden and friends.
Where is Barbara Bracher-Olson? Her “flight” was scheduled to leave at 8:10AM from gate D26 at Dulles Airport on 9/11. For whatever reason the plane sat an extra 10 minutes at the gate after the passengers had all been boarded. This is more than enough time to deplane 64 passengers and crew or substitute another plane. Which is what happened. No one flew a Boeing 757 into the Pentagon including “Ace Pilot Hani Hanjour”. Instead an empty fighter plane with a small fighter jet sized engine had been prepared and then flown into the Pentagon. It was easily flown from any distance by the CIA’s remote control pilots. This happens everyday in Iraq and Afghanistan where unmanned Predator drones are controlled from Beale Air Force Base in Northern California. This is not rocket science because unmanned aircraft are flown on every possible weekend at the local RC club field by regular Joes. They are real good, and they use ordinary off-the-shelf equipment available in any respectable hobby shop. Imagine what the CIA has and you would probably underestimate their capability. At this time we are only talking about AA Flight 77 but the WTC strikers were ordinary military cargo style or recon style planes because they had miles of open space to operate in, not so for AA Flight 77. After entering the P56 airspace the CIA operated almost entirely within the confines of P-56. It had to be small.
P = Prohibited Airspace
Lethal force is authorized in the P-56 area. It is surrounded by all manner and means of anti-aircraft defenses ranging from shoulder fired weapons like stingers, or S. A. missle batteries, and squadrons of supersonic F-16s, F-14s and FA-18s.
Here is where treason becomes evident.
If the events unfolded as the 9/11 Commission report says they did then one is forced to ask the obvious; Who had the authority and capability to allow the Boeing 757 to enter P-56 and who let it strike the Pentagon? Just ask Norman Minetta. He testified, under oath, that Vice President Dick Cheney ordered NORAD to standown. VPOTUS ordered NORAD to standdown when the known hijacked airplane the size of a Boeing 757 entered area P-56?? That is plain and simple treason!! Ok I’m going to cut Vice President Dick Cheney some slack, he knew it wasn’t a hijacked Boeing 757 piloted by that “600 hours pilot and Ace of Aces Hani Hanjour”. Instead he knew it was a normal run-of-the-mill pilotless drone remotely controlled by the CIA and they told him they were just kidding around. But they fooled him, didn’t they.
Scene 1 act 2
Wham-bam Hani Hanjour future Ace of Aces with a future 189 confirmed kills is history and probably dead before the original plane left Gate D26 and most certainly before the drone entered P-56 airspace. Dead men, all of the so-called hijackers, tell no tales. But the CIA would never kill Barbara Bracher-Olson as she and her husband were already in on the joke. Barbara Bracher-Olson would be memorialized time and time again, eulogy upon eulogy was spoken and fond memories were relived because the the joke has to go on or it’s no fun. I’m sure she enjoyed every minute as she watched from a suite at Camp X-Ray or a penthouse in Europe. Now Barbara Bracher-Olson has her naturally curly dark hair, some minor cosmetic surgery, perhaps a few more pounds on her hips and a set of blue contact lenses for her beautiful brown eyes. Perhaps, she is also surrounded by loving young children that she really wanted more than the endless conservative talk show engagements.
OK I know I’m getting teary eyed at that loving scene, but wait there is more. Barbara is happy and safe. Ted hasn’t remarried and comes to see her every time he can. But what about the normal people who thought they were going to get on their plane awaiting them at Gate D-26? Well they were quickly herded off the plane or taxied to a secure area where a bus was parked and they were given new identities and numbers reserved for “High Value Detainees”. They were informed that they were being transported to a comfortable location in the Carribean as an essential part of a national defense exercise. If anyone was uncomfortable with it well, tough, cause that’s the way things are and besides it will be relaxing fun and a short trip, we guarantee it!.
While at Camp X-Ray some of them would become discontent and labeled trouble makers, they would never have a chance to see their families and loved ones like Barabara Bracher-Olson does. They are simply “Really Really Bad High Value Detainees” (RRBHVD)their “group sessions” would yield essential information in the fight against global terrorism. Some would get to vacation in Syria, Poland and Israel. This could be too good to be true, an endless vacation with Sunday school, fresh air, plenty to drink, professional entertainment, exercise, water sports, practical jokes, Yoga stretching exercises and no family obligations to disrupt their pleasure. Some would eventually come to love their captors as the “Stockholm Syndrom” illustrated. Some would even begin to cherish their captivity.
OOPs here comes the new POTUS Barak Husein Obama, he is determined to shut down Gitmo, Too much bad publicity, torture and rendition. “Man”, he says “this is a lot like Chicago and I hate that place. We have to shut it down”!!! “Hey POTUS” they say “you don’t understand, we have some "High Value Detainees" in Gitmo and nobody wants them”!! (Except their grieving families”) “Believe it or not some of these “Very High Value Detainees” really like their new lifestyle”. “So you can’t shut us down”. POTUS B.H.O. is adamant and also ignorant of the joke so he persists. Meanwhile he asks Congress to shut off further funding to Gitmo. But Congress, being a party to the original joke naturally refuses and gives the Gitmo Joint Command the money they need to keep Camp X-Ray open and their happy campers healthy and contented. “Well” everyone says “ Obama is out of the loop so we can pretend to shut down Gitmo”. “After all, isn't everyone bored with Castro, pina colladas, water sports, humidity and bugs in their shorts?”
At this point a big Commanding voice errupted “Lets go to Hardin, Montana, population 3,384. I have a cousin there who works for a local newspaper and I can get her to be our spokesliar, on the cheap”. Another bigger Commanding voice says “I’ll call a frat buddy friend of mine who works for the local Joint Powers Economic Development Corp and get him to help us relocate our Really Really Bad High Value Detainees, Really Really High Value Detainees, High Value Detainees and perhap a few others to our new Hardin Maximum Security Facility. (HMSF) “We can lease it for big bucks and everyone will keep their mouth shut, what do you say?” The final agreement is nailed down when the biggest Commanding voice of all says “ I’ll call in some chips, help Hardin float some bonds and organize a private security company called American Police Force, Inc. BTW, Does anyone not want a new black Mercedes Benz SUV?. I heard POTUS will give us $4,500 for our old cheep'o American Gitmo Clunkers!!”
Thursday, October 1, 2009
The Virtues of a Disorganized Resistance
The entire discourse may be found at;
http://www.etresoi.ch/Denis/disorganisation.html
The Virtues of a Disorganized Resistance
American opposition movements have always focused on the notion of organization. It has always been their goal to organize the people. Their hope has been to wield the collective power of the disaffected, downtrodden, and exploited as a single unit against the concentrated power of the ruling class. While their hope has been noble, their methods have been foolish. Organized resistance has many drawbacks. These drawbacks have seldom been discussed by the opposition. I believe that the only effective resistance is a completely disorganized, decentralized, and leaderless opposition.
While, on the face of it, this claim may impress you as absurd. Of course it seems absurd! It is counterintuitive. Never the less, it is the ONLY method of resistance that will work within American society. I will explain why organized resistance has never worked in the United States. In addition, I will promulgate a new formula for effective resistance.
Why has organized resistance failed in the USA?
There are many reasons for the failure of organized resistance. The two primary causes of failure are intimately connected to the culture of the United States and the political system laid down by our nation's founding fathers.
The Cultural Cause
Americans, culturally, are anarchists. Few Americans realize this. Most Americans have a false understanding of the term "anarchism." However, upon examining the beliefs of your average American, you will find that most Americans;
1 Do not trust leaders
2 Do not trust government
3 Wish to be left alone
4 Value their privacy think of themselves as independent from society
5 Do not believe that there is a systemic solution to their problems
6 Believe that others should be free to do what they choose, provided they do so in private and do not harm others
While it is undeniable that political culture in the United States often speaks to the opposite of the above list, it is also undeniable that most Americans register as neither Democrat or Republican and most Americans do not vote. Thus, despite the political culture, most Americans choose not to participate in it. This is not only due to their belief that the American political system is hopeless, but also is due to the cultural clash between the wider culture and the political culture.
Any attempt to organize large numbers of Americans into a single political movement will fail. Any attempt to create an organization led by a strong group of leaders will fail. Americans reject submersion into the collective. In a sense, Americans are anti-collectivists.
The Political Cause
American political culture is not ideological. Politicians attempt to draw ideological distinctions between the two major parties, but these distinctions are a matter of splitting hairs. The only significant difference between the two political parties is the degree of compassion represented by the rhetoric of the two parties. Compassion is not a political concept. Compassion is an attitude. Thus, the two parties differ, primarily, in attitude and not ideology.
Despite this, there remain two political parties. One is prompted to ask "why?" If each party is basically the same, with respect to ideology, why do they not merge into one party? The answer to this question is best found in viewing each political party according to its true nature. American political parties are, for all intents and purposes, organized crime units. American political parties have more in common with the Mafia than they have with their counterparts in more democratic societies. Like Mafia, each political party competes for control of territory in order to maximize the benefit to their business constituency. Like Mafia, the political parties attempt to mold the system to maintain their positions and access to resources. Like Mafia, the political parties force the average citizen to pay "protection" under the threat of violence (taxes). Like Mafia each political party uses the "protection" money collected for its own Advantage.
By defining our political system in terms of the "majority" and the "opposition," our Constitution enshrines this two mafia system into law. Each Mafia passes laws to exclude new comers from the game while focusing the rest of its energy in destroying the other Mafia.
Thus, any resistance movement that chooses to become an organization is in competition with these Mafiosi. The deck is stacked and the power of the state, wielded by these organized crime units known as the Democratic and Republican parties, will waste the time and resources of any newcomer. A newcomer can only succeed by rejecting the political system, draining its resources, and undermining the rule of the state.
How is disorganized resistance superior?
In some societies, dissidents become heroes. In American society dissidents are systematically slandered, libeled, harassed, and villainized. If they become successful, they are murdered (e.g. Martin Luther King, Malcolm X). In the American experience, movements that look to leaders are decapitated. Leaders are a liability, not an asset. Organizations can be (and are) infiltrated.
Organizations can be taxed. Organizations have legal responsibility. Organizations have membership lists and lists are wonderful tools for the oppressor. Organizations take on a life of their own. They struggle to exist and their continued existence takes priority over their mission. Organizations attract opportunists, power mongers, and attention seekers. Organizations tend to exploit their rank and file for the benefit of their inner circle. Disorganizations share none of these defects.
Bureaucracy cannot comprehend disorganization. Disorganization is invisible. The asymmetry of the relationship between organization and disorganization favors disorganization. Organization depends upon planning. Planning requires predictability. Disorganization cannot be predicted. This leaves organization at a disadvantage.
Organization requires a supply chain. Supply chains can be disrupted. Disorganization depends only upon the resources of its members. Supply chains that do not exist cannot be eliminated.
Disorganized movements rely upon swarming. Swarms are difficult to defend against. If you cut a swarm in half, you have two swarms. If you eliminate one of the resulting swarms, you still have a swarm. Disorganization breeds. Organization grows. The many and dispersed is a more difficult target than the large and concentrated.
Organizations take their steps by design. If the design is flawed, the organization fails. Disorganization relies not upon design but upon evolution. The motivating notions of disorganization are memes. Memes evolve and memes compete. This process improves the motivating notions of disorganization. This process produces multiple courses of action. While some may fail, others are likely to succeed. Taken as a whole, disorganization is more likely to succeed.
The important thing to remember is that it is easier to destroy than to create that which is designed. Thus, the cost to those who lose the manifestation of their design outweighs by leaps and bounds the cost it takes to destroy it. That which evolves is cheap and when an effort is created to destroy the evolved entity, it merely mutates and evolves again, adjusting to the new conditions. As a process that fosters evolution, a movement based on disorganization will continue to survive, evolve, and expand without cost. The resource constraints placed upon the designed (e.g. government and corporate) and those absent from the evolved (a decentralized and disorganized opposition movement), favor the later.
The limits of disorganization
I do not propose a complete absence of organization. Instead I propose a disorganization of units. Units can be as small as a single individual, or as complex as cell of individuals working together. Cells may be internally organized, but they should not be statically organized cell to cell. The movement should have no commander. It should have no central committee or governing body. No global plans should be made. The modus operandi of each unit should be to think globally and act locally. Ideas, strategies, and tactics should float freely and compete as memes within the medium of the collective conscious.
Conclusions
We need to construct a disorganized movement. You need not apply to join. In fact, it might be better if you did not contact me, or anyone except those with whom you wish to form a unit. Your ideas,
Strategies, tactics, and lessons learned should be spread anonymously or by word of mouth. When you act, should you decide to act in resistance, attribute your actions to "the Resistance." The growing din of disorganized disruption will be felt as an earthquake. There will be trembles. There will be pre-shocks. The tension will mount and, in time, there will be an earthquake. When that earthquake strikes, the organized edifice of the oppressor will fall like a house of cards.
The entire discourse may be found at; http://www.etresoi.ch/Denis/disorganisation.html
http://www.etresoi.ch/Denis/disorganisation.html
The Virtues of a Disorganized Resistance
American opposition movements have always focused on the notion of organization. It has always been their goal to organize the people. Their hope has been to wield the collective power of the disaffected, downtrodden, and exploited as a single unit against the concentrated power of the ruling class. While their hope has been noble, their methods have been foolish. Organized resistance has many drawbacks. These drawbacks have seldom been discussed by the opposition. I believe that the only effective resistance is a completely disorganized, decentralized, and leaderless opposition.
While, on the face of it, this claim may impress you as absurd. Of course it seems absurd! It is counterintuitive. Never the less, it is the ONLY method of resistance that will work within American society. I will explain why organized resistance has never worked in the United States. In addition, I will promulgate a new formula for effective resistance.
Why has organized resistance failed in the USA?
There are many reasons for the failure of organized resistance. The two primary causes of failure are intimately connected to the culture of the United States and the political system laid down by our nation's founding fathers.
The Cultural Cause
Americans, culturally, are anarchists. Few Americans realize this. Most Americans have a false understanding of the term "anarchism." However, upon examining the beliefs of your average American, you will find that most Americans;
1 Do not trust leaders
2 Do not trust government
3 Wish to be left alone
4 Value their privacy think of themselves as independent from society
5 Do not believe that there is a systemic solution to their problems
6 Believe that others should be free to do what they choose, provided they do so in private and do not harm others
While it is undeniable that political culture in the United States often speaks to the opposite of the above list, it is also undeniable that most Americans register as neither Democrat or Republican and most Americans do not vote. Thus, despite the political culture, most Americans choose not to participate in it. This is not only due to their belief that the American political system is hopeless, but also is due to the cultural clash between the wider culture and the political culture.
Any attempt to organize large numbers of Americans into a single political movement will fail. Any attempt to create an organization led by a strong group of leaders will fail. Americans reject submersion into the collective. In a sense, Americans are anti-collectivists.
The Political Cause
American political culture is not ideological. Politicians attempt to draw ideological distinctions between the two major parties, but these distinctions are a matter of splitting hairs. The only significant difference between the two political parties is the degree of compassion represented by the rhetoric of the two parties. Compassion is not a political concept. Compassion is an attitude. Thus, the two parties differ, primarily, in attitude and not ideology.
Despite this, there remain two political parties. One is prompted to ask "why?" If each party is basically the same, with respect to ideology, why do they not merge into one party? The answer to this question is best found in viewing each political party according to its true nature. American political parties are, for all intents and purposes, organized crime units. American political parties have more in common with the Mafia than they have with their counterparts in more democratic societies. Like Mafia, each political party competes for control of territory in order to maximize the benefit to their business constituency. Like Mafia, the political parties attempt to mold the system to maintain their positions and access to resources. Like Mafia, the political parties force the average citizen to pay "protection" under the threat of violence (taxes). Like Mafia each political party uses the "protection" money collected for its own Advantage.
By defining our political system in terms of the "majority" and the "opposition," our Constitution enshrines this two mafia system into law. Each Mafia passes laws to exclude new comers from the game while focusing the rest of its energy in destroying the other Mafia.
Thus, any resistance movement that chooses to become an organization is in competition with these Mafiosi. The deck is stacked and the power of the state, wielded by these organized crime units known as the Democratic and Republican parties, will waste the time and resources of any newcomer. A newcomer can only succeed by rejecting the political system, draining its resources, and undermining the rule of the state.
How is disorganized resistance superior?
In some societies, dissidents become heroes. In American society dissidents are systematically slandered, libeled, harassed, and villainized. If they become successful, they are murdered (e.g. Martin Luther King, Malcolm X). In the American experience, movements that look to leaders are decapitated. Leaders are a liability, not an asset. Organizations can be (and are) infiltrated.
Organizations can be taxed. Organizations have legal responsibility. Organizations have membership lists and lists are wonderful tools for the oppressor. Organizations take on a life of their own. They struggle to exist and their continued existence takes priority over their mission. Organizations attract opportunists, power mongers, and attention seekers. Organizations tend to exploit their rank and file for the benefit of their inner circle. Disorganizations share none of these defects.
Bureaucracy cannot comprehend disorganization. Disorganization is invisible. The asymmetry of the relationship between organization and disorganization favors disorganization. Organization depends upon planning. Planning requires predictability. Disorganization cannot be predicted. This leaves organization at a disadvantage.
Organization requires a supply chain. Supply chains can be disrupted. Disorganization depends only upon the resources of its members. Supply chains that do not exist cannot be eliminated.
Disorganized movements rely upon swarming. Swarms are difficult to defend against. If you cut a swarm in half, you have two swarms. If you eliminate one of the resulting swarms, you still have a swarm. Disorganization breeds. Organization grows. The many and dispersed is a more difficult target than the large and concentrated.
Organizations take their steps by design. If the design is flawed, the organization fails. Disorganization relies not upon design but upon evolution. The motivating notions of disorganization are memes. Memes evolve and memes compete. This process improves the motivating notions of disorganization. This process produces multiple courses of action. While some may fail, others are likely to succeed. Taken as a whole, disorganization is more likely to succeed.
The important thing to remember is that it is easier to destroy than to create that which is designed. Thus, the cost to those who lose the manifestation of their design outweighs by leaps and bounds the cost it takes to destroy it. That which evolves is cheap and when an effort is created to destroy the evolved entity, it merely mutates and evolves again, adjusting to the new conditions. As a process that fosters evolution, a movement based on disorganization will continue to survive, evolve, and expand without cost. The resource constraints placed upon the designed (e.g. government and corporate) and those absent from the evolved (a decentralized and disorganized opposition movement), favor the later.
The limits of disorganization
I do not propose a complete absence of organization. Instead I propose a disorganization of units. Units can be as small as a single individual, or as complex as cell of individuals working together. Cells may be internally organized, but they should not be statically organized cell to cell. The movement should have no commander. It should have no central committee or governing body. No global plans should be made. The modus operandi of each unit should be to think globally and act locally. Ideas, strategies, and tactics should float freely and compete as memes within the medium of the collective conscious.
Conclusions
We need to construct a disorganized movement. You need not apply to join. In fact, it might be better if you did not contact me, or anyone except those with whom you wish to form a unit. Your ideas,
Strategies, tactics, and lessons learned should be spread anonymously or by word of mouth. When you act, should you decide to act in resistance, attribute your actions to "the Resistance." The growing din of disorganized disruption will be felt as an earthquake. There will be trembles. There will be pre-shocks. The tension will mount and, in time, there will be an earthquake. When that earthquake strikes, the organized edifice of the oppressor will fall like a house of cards.
The entire discourse may be found at; http://www.etresoi.ch/Denis/disorganisation.html
Fox Media is staffed with LIARs
The corporate media have been given their orders to throw the focus back on to Iran.
Here is a recap of what they are trying to make you forget.
1. Last Spring, Rose Gottemoeller, an assistant secretary of state and Washington's chief nuclear arms negotiator, asked Israel to sign the Nuclear Non-Proliferation Treaty. Israel refused.
2. The United Nations passed a resolution calling on Israel to sign the Nuclear Non-Proliferation Treaty and to submit to inspections. Israel refused.
3. The IAEA asked Israel to sign the Nuclear Non-Proliferation Treaty and to submit to inspections. Israel refused.
4. Iran's formal notification to the IAEA of the planned construction of the backup fuel-rod facility underscores that Iran is playing by the rules of the Nuclear Non-Proliferation Treaty which Iran has signed.
5. Iran allows IAEA inspections of all its facilities.
6. Contrary to face-saving claims, it appears that the US and Israel were both caught off guard by Iran's announcement. The reasoning is simple. Had the US or Israel announced the existence of he new facility before Iran's notified the IAEA, it would have put Iran on the defensive. As it is now, the US and Israel seem to be playing catch up, casting doubt on the veracity of Israel's claims to "know" that Iran is a nuclear threat.
7. The IAEA and all 16 United States Intelligence Agencies are unanimous in agreement that Iran is not building and does not possess nuclear weapons.
8. In 1986, Mordachai Vanunu blew the whistle and provided photographs showing Israel's clandestine nuclear weapons factory underneath the reactor at Dimona.
9. Israel made the same accusations against Iraq that it is making against Iran, leading up to Israel's bombing of the power station at Osirik. Following the invasion of 2003, international experts examined the ruins of the power station at Osirik and found no evidence of a clandestine weapons factory in the rubble.
10. The United Nations has just released the Goldstone Report, a scathing report which accuses Israel of 37 specific war crimes and crimes against humanity in Gaza earlier this year. Israel has denounced the report as "Anti-Semitic (even though Judge Goldstone is himself Jewish), and the United States will block the report from being referred to the War Crimes Tribunal at the Hague, thereby making the US Government an accessory after-the-fact.
We all need to be Joe Wilson right now. We need to stand up and scream, "LIAR!" at every politician and every talking media moron that is pushing this war in Iran. And we need to keep dong it until they get the message that we will not be deceived any more.
Here is a recap of what they are trying to make you forget.
1. Last Spring, Rose Gottemoeller, an assistant secretary of state and Washington's chief nuclear arms negotiator, asked Israel to sign the Nuclear Non-Proliferation Treaty. Israel refused.
2. The United Nations passed a resolution calling on Israel to sign the Nuclear Non-Proliferation Treaty and to submit to inspections. Israel refused.
3. The IAEA asked Israel to sign the Nuclear Non-Proliferation Treaty and to submit to inspections. Israel refused.
4. Iran's formal notification to the IAEA of the planned construction of the backup fuel-rod facility underscores that Iran is playing by the rules of the Nuclear Non-Proliferation Treaty which Iran has signed.
5. Iran allows IAEA inspections of all its facilities.
6. Contrary to face-saving claims, it appears that the US and Israel were both caught off guard by Iran's announcement. The reasoning is simple. Had the US or Israel announced the existence of he new facility before Iran's notified the IAEA, it would have put Iran on the defensive. As it is now, the US and Israel seem to be playing catch up, casting doubt on the veracity of Israel's claims to "know" that Iran is a nuclear threat.
7. The IAEA and all 16 United States Intelligence Agencies are unanimous in agreement that Iran is not building and does not possess nuclear weapons.
8. In 1986, Mordachai Vanunu blew the whistle and provided photographs showing Israel's clandestine nuclear weapons factory underneath the reactor at Dimona.
9. Israel made the same accusations against Iraq that it is making against Iran, leading up to Israel's bombing of the power station at Osirik. Following the invasion of 2003, international experts examined the ruins of the power station at Osirik and found no evidence of a clandestine weapons factory in the rubble.
10. The United Nations has just released the Goldstone Report, a scathing report which accuses Israel of 37 specific war crimes and crimes against humanity in Gaza earlier this year. Israel has denounced the report as "Anti-Semitic (even though Judge Goldstone is himself Jewish), and the United States will block the report from being referred to the War Crimes Tribunal at the Hague, thereby making the US Government an accessory after-the-fact.
We all need to be Joe Wilson right now. We need to stand up and scream, "LIAR!" at every politician and every talking media moron that is pushing this war in Iran. And we need to keep dong it until they get the message that we will not be deceived any more.
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