11/13/13

The Weimar Two-Step – Ex-Fed Is Sorry for QE

By: Terresa Monroe-Hamilton
Cross-Posted at Right Wing News

You’re sorry? Really? Well, I guess that makes it all okay that you’ve destroyed the greatest and freest nation and her economy that the earth has ever seen. All forgiven – not. In the end, there will be plenty of tar and feathers to go around. Apology not accepted:

There’s a real question as to whether the massive bond-buying program known as quantitative easing was worth the cost, former Federal Reserve official Andrew Huszar said Tuesday.

“My argument is not that QE was not at all useful,” he said on CNBC’s “Fast Money.”

“I believe that at the time, it was just one more tool that the Fed introduced to try to help the economy,” he said. “My point, ultimately, is the idea that very quickly into QE, it started becoming obvious that it wasn’t working in the way that it was supposed to.”

[…]

“I think the real issue is that the Fed has expanded its tool kit so dramatically, and really there are some real questions as to how potentially it unwinds, when it unwinds,” he said. “We saw this past summer there was this announcement of potentially a taper and the markets actually tanked, and after that the Fed backpedaled. What’s going to happen if we go on for months, years longer?”

Huszar apologized for his role in QE in a Wall Street Journal op-ed published Monday.

“I can only say: I’m sorry, America,” he wrote. “The central bank continues to spin QE as a tool for helping Main Street. But I’ve come to recognize the program for what it really is: the greatest backdoor Wall Street bailout of all time.”

Huszar told “Fast Money” that the bond-buying program, which was supposed to increase credit availability to consumers and businesses, didn’t do so.

“There was actually a net decrease in mortgage lending,” he said. “In fact, until 2012 mortgage lending was at a 15-year low.”

So, instead you have further lined the pockets of the corrupt and shoved America into the greatest Depression she has ever known. One we will not recover from this time. Well done, asshat. And Bernanke is not absolved here either. He is one of the architects of this massive theft and he knew what he was doing. He was a student of the Great Depression and history, so please do not insult our intelligence by making excuses for him.

The Fed in its greed and corruption, decided to take the Weimar route. Drowning in debt, it revved up the printing presses and ‘digitized’ money. Now it can’t stop – big shocker there. If it does, we turn into Zimbabwe. That’s coming any way… there is no stopping it now, it is just a matter of when. Already, the Marxists are floating inflation excuses. As if we don’t already feel inflation at the store, at the pump, in the damned Obamacare enforced exchanges. There are no bread lines because of the Progressive food stamp program, which they are now curtailing. People are starving behind closed doors, which is okay with the elite as long as they don’t have to look at them or listen to them. What a bunch of evil, elitist money-changers. Remember, quantitative easing worked for the Weimar Republic too – briefly:

There is a reason why every fiat currency in the history of the world has eventually failed. At some point, those issuing fiat currencies always find themselves giving in to the temptation to wildly print more money. Sometimes, the motivation for doing this is good. When an economy is really struggling, those that have been entrusted with the management of that economy can easily fall for the lie that things would be better if people just had “more money”. Today, the Federal Reserve finds itself faced with a scenario that is very similar to what the Weimar Republic was facing nearly 100 years ago. Like the Weimar Republic, the U.S. economy is also struggling and like the Weimar Republic, the U.S. government is absolutely drowning in debt. Unfortunately, the Federal Reserve has decided to adopt the same solution that the Weimar Republic chose. The Federal Reserve is recklessly printing money out of thin air, and in the short-term some positive things have come out of it. But quantitative easing worked for the Weimar Republic for a little while too. At first, more money caused economic activity to increase and unemployment was low. But all of that money printing destroyed faith in German currency and in the German financial system and ultimately Germany experienced an economic meltdown that the world is still talking about today. This is the path thatthe Federal Reserve is taking America down, but most Americans have absolutely no idea what is happening.

It is really easy to start printing money, but it is incredibly hard to stop. Like any addict, the Fed is promising that they can quit at any time, but this month they refused to even start tapering their money printing a little bit. The behavior of the Fed is so shameful that even CNBC is comparing it to a drug addict at this point…

America is now in a money printing death spiral and we are screwed. According to Graham Summers, the Fed has “crossed the Rubicon” and we are now “in the End Game”:

If tapering even $10-15 billion per month from $85 billion month QE programs would damage the economy, then we’re all up you know what creek without a paddle.

Put it this way… here we are, five years after 2008, and the Fed is stating point blank that the economy would absolutely collapse if it spent any less than $85 billion per month. This admission has proven just how long ago we crossed the Rubicon. We’re already in the End Game. Period.

The is the Weimar two-step and somehow, sorry just doesn’t cut it. It will end in an American dark age, hunger, death and perhaps invasion by a foreign power. How do these Marxists sleep at night? Quite comfortably with our money, their power and protection by our enemies — foreign and domestic.

11/13/13

The Case for Arresting Glenn Greenwald

By: Cliff Kincaid
Accuracy in Media

If Edward Snowden can be charged with espionage and threatened with arrest if he returns to the U.S., why can’t his associate, Glenn Greenwald, be charged as well? That’s the question some in the media are asking as Greenwald prepares to return from abroad for a scheduled appearance before a Muslim Brotherhood front group, the Council on American-Islamic Relations (CAIR), on Saturday.

Snowden depended on Greenwald, formerly with the Guardian and now working for the billionaire eBay founder Pierre Omidyar, to release and publicize his illegally acquired classified information from the National Security Agency (NSA).

Omidyar is described as a French-born Iranian American entrepreneur. But now that he has decided to sponsor Greenwald’s brand of “journalism,” shouldn’t he be under scrutiny as well? Turning his back on the country that made him a billionaire, he has just posted a “Time to Thank Edward Snowden” message on his Twitter account.

It has become painfully obvious that Snowden’s disclosures have been timed to do maximum damage to the United States and its allies. John R. Schindler, professor of national security affairs at the U.S. Naval War College, writes, “To anyone versed in counterintelligence, specifically the modus operandi of Russian security services, the Snowden Operation is a classic case of Active Measures, in other words a secret propaganda job.” He adds, “Relying on fronts, cut-outs, ‘independent’ journalists, plus platoons of what Lenin memorably termed Useful Idiots, is just what the Kremlin’s intelligence services do when they want to engage in Active Measures.”

The purpose, he says, is to “fractur[e] the Western security and intelligence alliance,” a long-time objective of the old Soviet Union, and now Russia.

One of those “independent” journalists is Greenwald, who insists he acts like a journalist and observes journalistic standards. But how does that square with his appearances before the annual conferences of the International Socialist Organization? Or his scheduled appearance at CAIR’s November 16 “Faith in Freedom” conference?

Greenwald is an American citizen, but lives in Brazil with his homosexual lover, David Miranda, who was accused of espionage for trying to sneak some of Snowden’s documents through Britain. Miranda was detained and questioned for nine hours.

British law enforcement said:

Intelligence indicates that Miranda is likely to be involved in espionage activity which has the potential to act against the interests of UK national security…We assess that Miranda is knowingly carrying material the release of which would endanger people’s lives. Additionally the disclosure, or threat of disclosure, is designed to influence a government and is made for the purpose of promoting a political or ideological cause. This therefore falls within the definition of terrorism…

The Miranda material reportedly included 58,000 documents from the NSA and its British equivalent, the Government Communications Headquarters.

The charges against Snowden include violating the Espionage Act, theft of government property (18 U.S.C. 641) and the unauthorized communication of national defense information (18 U.S.C. 793 d).

Section 798 of the Espionage Act absolutely prohibits the publication of classified information in the area of communications intelligence. That would include programs of the NSA. The law does not include a loophole for self-proclaimed journalists who cooperate with spies to violate the law.

On October 13, Democratic Rep. Alan Grayson (FL) sent a letter to the Justice Department asking whether Greenwald would be prosecuted if he returned to the U.S. “U.S. News & World Report” says Grayson has been unable to get an answer. Grayson asks, “Is the act of investigative journalism now a crime, or not?”

The answer, quite clearly, is that Greenwald has indeed violated the law, and that he is not an “investigative journalist” in any ordinary sense.

In a revealing article at FrontPage Magazine, Robert Spencer notes the radical Islamic background of CAIR and Greenwald’s defense of the organization. What’s more, he points out Greenwald is supposed to be speaking along with the imam Siraj Wahhaj, designated as a “potential unindicted co-conspirator” in the 1993 World Trade Center bombing for taking the Blind Sheik to speak at mosques in New York and New Jersey in the early 1990s. The Blind Sheik went to prison for his role in that bombing.

Spencer comments, “Greenwald’s willingness to appear in such company is a telling indication of the core beliefs and assumptions that underlay his revelations of the scope of NSA surveillance. While there is no reason for the NSA to be conducting surveillance on such a massive basis, and it is a symptom of the pervasive refusal to face the reality and magnitude of the jihad threat, the chief foes of this surveillance have been Leftist and Islamic supremacist groups that have opposed every counter-terror measure that has ever been proposed, as well as libertarian groups that persist in the delusion that if American power is removed from Muslim countries, the jihad against the U.S. will cease.”

In his own words, Greenwald told the communists at one of the ISO conferences that the weakening of America was a “very good thing.” However, the inevitable result will be more terrorism taking more American lives.

If Greenwald is not detained, questioned, and arrested upon his return to the U.S., it will mean that the Obama administration does not take the enforcement of the espionage laws seriously.

Cliff Kincaid is the Director of the AIM Center for Investigative Journalism and can be contacted at [email protected]. View the complete archives from Cliff Kincaid.

11/13/13

Trans-Pacific Partnership, Agenda 21 & Redistribution of Wealth via EO & Cap & Trade

By: as Dawn sees it
Gulag Bound

TPP_member_states-leaders

Gobierno de Chile at Flicker & Wikipedia; caption: A summit with leaders of the member states of the Trans-Pacific Strategic Economic Partnership Agreement (TPP). Pictured, from left, are Naoto Kan (Japan), Nguyen Minh Triet (Vietnam), Julia Gillard (Australia), Sebastián Piñera (Chile), Lee Hsien Loong (Singapore), Barack Obama (United States), John Key (New Zealand), Hassanal Bolkiah (Brunei), Alan García (Peru), and Muhyiddin Yassin (Malaysia). Six of these leaders represent countries that are currently negotiating to join the group.

Trans-Pacific-Partnership-Members-131112-wikipedia

At Wikipedia, “Trans-Pacific Partnership,” Nov. 12, 2013

Yet another grand decision by this administration, in which the United States Congress has had no say, is the Trans-Pacific Partnership.

The treaty is known as “the Trans-Pacific Partnership”, and the nations that are reported to be involved in the development of this treaty include the United States, Canada, Japan, South Korea, Australia, New Zealand, Chile, Peru, Brunei, Singapore, Vietnam and Malaysia. Opponents of this treaty refer to it as “the NAFTA of the Pacific”, and if it is enacted it will push the deindustrialization of America into overdrive.

The “one world” economic agenda that Barack Obama has been pushing is absolutely killing the U.S. economy. As you will see later in this article, we are losing jobs and businesses at an astounding pace. And each new “free trade” agreement makes things even worse.

The ‘Trans-Pacific Partnership’: Obama’s Secret Trade Agreement Will Push the Deindustrialization of America into Overdrive,” GlobalResearch.ca

Their goal is to conclude talks by the end of this year. To be clear, this is not about helping business and industry in this country. As with everything this administration has done it is about “leveling the playing field,” and not only here in the US, but globally. It is about global redistribution of wealth, which does not mean bringing other countries up to our standards. It means bringing our standards down, all in the name of equality.

Agenda21-coverThis is what needs to be understood when reading the United Nations’ Agenda 21 publication. It is a way of allegedly “improving conditions” in developing countries, which threatens to bring us down to levels we have never really experienced before. In the excerpt below, from the Agenda 21 publication, see the repeated mention of “developing countries.”

Agenda 21 – Chapter 34
TRANSFER OF ENVIRONMENTALLY SOUND TECHNOLOGY,
COOPERATION AND CAPACITY-BUILDING

[…]

Objectives

34.14. The following objectives are proposed:

a. To help to ensure the access, in particular of developing countries, to scientific and technological information, including information on state-of-the-art technologies;

b. To promote, facilitate, and finance, as appropriate, the access to and the transfer of environmentally sound technologies and corresponding know-how, in particular to developing countries, on favourable terms, including on concessional and preferential terms, as mutually agreed, taking into account the need to protect intellectual property rights as well as the special needs of developing countries for the implementation of Agenda 21;

c. To facilitate the maintenance and promotion of environmentally sound indigenous technologies that may have been neglected or displaced, in particular in developing countries, paying particular attention to their priority needs and taking into account the complementary roles of men and women;

d. To support endogenous capacity-building, in particular in developing countries, so they can assess, adopt, manage and apply environmentally sound technologies. This could be achieved through inter alia:

i. Human resource development;

ii. Strengthening of institutional capacities for research and development and programme implementation;

iii. Integrated sector assessments of technology needs, in accordance with countries’plans, objectives and priorities as foreseen in the implementation of Agenda 21 at the national level;

iv. To promote long-term technological partnerships between holders of environmentally sound technologies and potential users

ACTIVITIES

(a) Development of international information networks which link national, subregional, regional and international systems

34.15. Existing national, subregional, regional and international information systems should be developed and linked through regional clearing-houses covering broad-based sectors of the economy such as agriculture, industry and energy. Such a network might, inter alia, include national, subregional and regional patent offices that are equipped to produce reports on state-of-the-art technology. The clearing-house networks would disseminate information on available technologies, their sources, their environmental risks, and the broad terms under which they may be acquired. They would operate on an information-demand basis and focus on the information needs of the end-users. They would take into account the positive roles and contributions of international, regional and subregional organizations, business communities, trade associations, non-governmental organizations, national Governments, and newly established or strengthened national networks.

URL: http://sustainabledevelopment.un.org/content/documents/Agenda21.pdf

Also see the source material of the United Nations Conference on Trade and Development (UNCTAD):

UNCTAD

Established in 1964, UNCTAD promotes the development-friendly integration of developing countries into the world economy. UNCTAD has progressively evolved into an authoritative knowledge-based institution whose work aims to help shape current policy debates and thinking on development, with a particular focus on ensuring that domestic policies and international action are mutually supportive in bringing about sustainable development.

URL: http://unctad.org/en/Pages/AboutUs.aspx

Now we move on to the latest executive order, and how it ties into redistribution of wealth, “Preparing the United States for the Impacts of Climate Change.” Think about just the idea of issuing an executive order based on the climate changing and how ridiculous that actually sounds. As if the climate has never changed before? Those who have been conditioned to accept the “Green Agenda” and the untruths of man-made global warming, or anthropogenic climate change, or whatever phrase fits a particular moment in time, will think nothing of this EO. Of course, as with just about everything we see being done by the Obama administration and those behind and surrounding it, there is an ulterior motive, that motive being redistributing wealth, allegedly to developing countries.

See this dictatorial executive order (excerpt):

Sec. 2. Modernizing Federal Programs to Support Climate Resilient Investment. (a) To support the efforts of regions, States, local communities, and tribes, all agencies, consistent with their missions and in coordination with the Council on Climate Preparedness and Resilience (Council) established in section 6 of this order, shall:

(i) identify and seek to remove or reform barriers that discourage investments or other actions to increase the Nation’s resilience to climate change while ensuring continued protection of public health and the environment;

(ii) reform policies and Federal funding programs that may, perhaps unintentionally, increase the vulnerability of natural or built systems, economic sectors, natural resources, or communities to climate change related risks;

(iii) identify opportunities to support and encourage smarter, more climate-resilient investments by States, local communities, and tribes, including by providing incentives through agency guidance, grants, technical assistance, performance measures, safety considerations, and other programs, including in the context of infrastructure development as reflected in Executive Order 12893 of January 26, 1994 (Principles for Federal Infrastructure Investments), my memorandum of August 31, 2011 (Speeding Infrastructure Development through More Efficient and Effective Permitting and Environmental Review), Executive Order 13604 of March 22, 2012 (Improving Performance of Federal Permitting and Review of Infrastructure Projects), and my memorandum of May 17, 2013 (Modernizing Federal Infrastructure Review and Permitting Regulations, Policies, and Procedures); and [continues]

And for more about climate-resilient “investment”:

The Climate Investment Funds are made up of four funding windows to help developing countries pilot low-emissions and climate-resilient development. With CIF support, 48 countries are piloting transformations in clean technology, sustainable management of forests, renewable energy access, and climate resilient development. An additional five countries have been facilitated by the CIF to prepare investment plans for climate programs.

URL: https://www.climateinvestmentfunds.org/cif/funds-and-programs

Strong-Maurice-Gore-Al-Abel-Danger-net

Maurice Strong with Al Gore in China (photo from abledanger.net)

Keep in mind the failure of the “Green Energy Projects,” not to mention the ten billion dollars of taxpayer money wasted on these projects. Knowing what we do so far about how developing countries are already struggling, there would be no way that they would be able to fund green energy projects.

Being the most successfully industrialized nation, our wealth needs to be distributed to the “developing” countries, of course, under the guise of saving the planet. That is generally what global “communitarians” believe.

But if one believes what Maurice Strong stated during its planning, then the agenda for Agenda 21 is an agenda worse yet: one of killing the goose that lays the golden egg.

When the rich countries refused, the group decided “the only hope for the planet” was for the industrialized civilizations to collapse. He pondered, “Isn’t it our responsibility to bring that about?

Again, from Agenda 21 (emphasis added):

PROGRAMME AREAS

A. Focusing on unsustainable patterns of production and consumption

Basis for action

4.3. Poverty and environmental degradation are closely interrelated. While poverty results in certain kinds of environmental stress, the major cause of the continued deterioration of the global environment is the unsustainable pattern of consumption and production, particularly in industrialized countries, which is a matter of grave concern, aggravating poverty and imbalances.

4.4. Measures to be undertaken at the international level for the protection and enhancement of the environment must take fully into account the current imbalances in the global patterns of consumption and production.

4.5. Special attention should be paid to the demand for natural resources generated by unsustainable consumption and to the efficient use of those resources consistent with the goal of minimizing depletion and reducing pollution. Although consumption patterns are very high in certain parts of the world, the basic consumer needs of a large section of humanity are not being met. This results in excessive demands and unsustainable lifestyles among the richer segments, which place immense stress on the environment. The poorer segments, meanwhile, are unable to meet food, health care, shelter and educational needs. Changing consumption patterns will require a multipronged strategy focusing on demand, meeting the basic needs of the poor, and reducing wastage and the use of finite resources in the production process.

4.6. Growing recognition of the importance of addressing consumption has also not yet been matched by an understanding of its implications. Some economists are questioning traditional concepts of economic growth and underlining the importance of pursuing economic objectives that take account of the full value of natural resource capital. More needs to be known about the role of consumption in relation to economic growth and population dynamics in order to formulate coherent international and national policies.

Now you may be asking how does one go about doing this? That is where Cap and Trade comes in. Let us look at what the EPA has to say about Cap and Trade. That is the same EPA which in the past has admitted they are also very involved in helping this administration issue executive orders, the same EPA that pushes farther and farther down the path of regulating the small business owner right out of business.

Cap and trade is an environmental policy tool that delivers results with a mandatory cap on emissions while providing sources flexibility in how they comply. Successful cap and trade programs reward innovation, efficiency, and early action and provide strict environmental accountability without inhibiting economic growth.

Examples of successful cap and trade programs include the nationwide Acid Rain Program and the regional NOx Budget Trading Program in the Northeast. Additionally, EPA issued the Clean Air Interstate Rule (CAIR) on March 10, 2005, to build on the success of these programs and achieve significant additional emission reductions.

URL: http://www.epa.gov/captrade

Since we are considered an industrialized nation, we are obviously going to produce more “carbon emissions,” therefore we will have to buy more carbon credits from the less industrialized or developing countries (see video, immediately below) which is how redistribution of wealth would be inflicted upon us. We are essentially paying developing countries for being the bad industrialized nation that we are.

Video, “How does the emission trading scheme work?
 
We are no longer revered for the principled, thus successful, thus powerful country we are. We are now being demonized for most of the ills on the planet, from poverty where we are not, to bad weather wherever it may be. We are much too industrialized and well-off, and the globalists behind the global sustainability movement have every intention of changing that. All this, under the false premise of climate change not being a matter of earth’s natural fluctuations and cycles, but a malevolent doing of man that man has to control, by in turn controlling man.

That is the key word, control. This is about not only bringing America to its knees, it is also about control of both resources and people, conveniently with systematic profiteering for the very few, who would treat the world as one directed complex, with enough low-consumption laborers and managers to fulfill the controllers’ own objectives.

If they really wanted to transform the world for the betterment of all, they would help other countries become what this country has become. We remember, right? — the country where many people from other countries came, to be a part of it all. The country where people foresaw a better way of life, for their families.

Video, “Immigration Ellis Island 1911
 

Contributor: Flyover Insider