If the American people truly understood how the Federal Reserve system works and what it has done to us, they would be screaming for it to be abolished immediately. It is a system that was designed by international bankers for the benefit of international bankers, and it is systematically impoverishing the American people. The Federal Reserve system is the primary reason why our currency has declined in value by well over 95 percent and our national debt has gotten more than 5000 times larger over the past 100 years. The Fed creates our “booms” and our “busts”, and they have done an absolutely miserable job of managing our economy. But why do we need a bunch of unelected private bankers to manage our economy and print our money for us in the first place? Wouldn’t our economy function much more efficiently if we allowed the free market to set interest rates? And according to Article I, Section 8 of the U.S. Constitution, the U.S. Congress is the one that is supposed to have the authority to “coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures”. So why is the Federal Reserve doing it? Sadly, this is the way it works all over the globe today. In fact, all 187 nations that belong to the IMF have a central bank. But the truth is that there are much better alternatives. We just need to get people educated. (Read More….)
Category Archives: Obama
Will The Bottom Fall Out? 15 Signs That Layoffs And Job Losses Are Skyrocketing
Recession Looms: GDP Revised Down to 1.3%, Durable Goods Collapse 13%
COLLAPSE OF THE DOLLAR, IMMINENT??
Alex Jones published a surprising paper on flexible quantitative (QE3). The information that was exposed is very interesting, and is also somehow telling the world prepare for the worst between the months October-November-December. The paradigm shift is accelerated and has no turning back. The collapse is inevitable. The world will have to replace the dollar. Check here the link:http://www.prisonplanet.com/%E2%80%9Cdollar-index-headed-for-rapid-collapse%E2%80%9D-over-next-3-to-4-weeks.html
My comment:
The Federal Reserve is a secret society illuminati. This system is privately owned and not owned by the government. The system was initiated by the Rockefellers, Rothschilds, with the sole purpose of gaining control of the world economy. The creators of the Federal Reserve are the founders of the Council on Foreign Relations (CFR), which are interconnected with Freemasonry, the Trilateral Commission, the Bilderbergs, the Club of Rome, the Committee of 300 (which controls the finances, insurance, politics , industry, and religion, and leader of this Committee is Queen Elizabeth), G-8, Knights of Malta, Vatican, World Economic Forum; Rosicrucianism, the Knights of the Garter, the Priory of Sion (they believe to be the bloodline of the Holy Grail bloodline of the antichrist) and others.
The Federal Reserve slashed interest rates and loans to lower levels of history. This type of monetary policy triggered the debt crisis, which erupted after an implosion in 2008. Starting from that point on the dollar has become inflationary. Then this money was injected into the U.S. banking system by devaluing the dollar even more, with the prints, fiat money. It is because of that that QE2 failed. And now in 2012, the Fed again, injected the third round of prints fiat money to banks to defend themselves against multiple crises to come. The Federal Reserve is not insane, she knows very well what he is doing. She wants to destroy the dollar and replace it with the AMERO. This is the political illuminati.
As you see, is all part of a plan!!
If there really is an economic recovery, so why the Fed is still keeping interest rates at almost zero after almost three years, and that keeps measures Quantitative Flexible ?
The logic is that this will spill over into a hyper-inflation!!
Alex Jones is right to say that there will be hyperinflation. The collapse of the dollar is inevitable. The probability is very low in saying that the dollar will again rise. This will hurt exports and mainly OPEC. The result will be a currency crisis. The whole world will opt for other reserve currencies, will opt for gold, will opt for various exchange mechanisms, ie, it will not stop, the dollar will fall like a stone.
So what is the solution? AMERO.
The illuminati plan is to present the AMERO, in the world between November-December as shown in some of the articles posted anterios. See the link here:https://www.facebook.com/groups/globalresearch/permalink/10150674124913652/
I think things are going very fast.
The plan is being followed to the letter, the illuminati plan is functioning !!
We have to wait and see how things will unfold. If these changes occur, the AMERO will be the currency that is circulated electronically on the world market. This means that the next step of the illuminati is World War III.
Are you prepared?
Published by
Alexandre Silva
QE3: Helicopter Ben Bernanke Unleashes An All-Out Attack On The U.S. Dollar
You can’t accuse Federal Reserve Chairman Ben Bernanke of not living up to his nickname. Back in 2002, Bernanke delivered a speech entitled “Deflation: Making Sure ‘It’ Doesn’t Happen Here” in which he referenced a statement by economist Milton Friedman about fighting deflation by dropping money from a helicopter. Well, it might be time for a new nickname for Bernanke because what he did today was a lot more than drop money from a helicopter. Today the Federal Reserve announced that QE3 will begin on Friday, but it is going to be much different from QE1 and QE2. Both of those rounds of quantitative easing were of limited duration. This time, the quantitative easing is going to be open-ended. The Fed is going to buy 40 billion dollars worth of mortgage-backed securities per month until they have decided that the economy is in good enough shape to stop. For those that get confused by terms like “quantitative easing” and “mortgage-backed securities”, what the Federal Reserve is essentially saying is this: “We’re going to print a bunch of money and buy stuff for as long as we feel it is necessary.” In addition, the Federal Reserve has promised to keep interest rates at ultra-low levels all the way through mid-2015. The course that the Federal Reserve has set us on is utter insanity. Ben Bernanke can rain money down on us all he wants, but it is not going to do much at all to help the real economy. However, it will definitely hasten the destruction of the U.S. dollar.
And the Federal Reserve is apparently very eager to get QE3 going. Purchases of mortgage-backed securities are going to start on Friday.
In the coming months, hundreds of billions of dollars that the Federal Reserve has zapped into existence out of nothing will be injected into our financial system.
So what will happen to all of this new money?
If banks and financial institutions use that money to make loans then it could have somewhat of a positive impact on the economy in the short-term.
However, the truth is that it isn’t as if banks are hurting for cash to loan out. In fact, right now banks are already sitting on $1.6 trillion in excess reserves. Just like with the first two rounds of quantitative easing, a lot of the money from QE3 will likely end up being put on the shelf.
But the stock market loved the news because they know that the previous two rounds of quantitative easing have been great for the financial markets. On Thursday, the stock market soared to levels not seen since December 2007.
There is much rejoicing on Wall Street right now.
And this stock market bounce is great for Bernanke’s good buddy Barack Obama.
Obama nominated Bernanke to a second term as Fed Chairman, and this might be Bernanke’s way of paying him back.
But of course the Fed is supposed to be “above politics” so that would never happen, right?
The Federal Reserve essentially “crossed the Rubicon” today. No longer will quantitative easing be considered an “emergency measure”. Rather, it will now be considered just another “tool” that the Fed uses in the normal course of business.
Considering how vulnerable the U.S. dollar already is, announcing an “open-ended” round of quantitative easing is utter foolishness. According to the Fed, when you add the 40 billion dollars of new mortgage-backed security purchases per month to all of the other “easing” measures the Fed is continuing to do, the grand total is going to come to about 85 billion dollars a month. The following is from the statement that the Fed released earlier today….
To support a stronger economic recovery and to help ensure that inflation, over time, is at the rate most consistent with its dual mandate, the Committee agreed today to increase policy accommodation by purchasing additional agency mortgage-backed securities at a pace of $40 billion per month. The Committee also will continue through the end of the year its program to extend the average maturity of its holdings of securities as announced in June, and it is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities. These actions, which together will increase the Committee’s holdings of longer-term securities by about $85 billion each month through the end of the year, should put downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative.
The Committee will closely monitor incoming information on economic and financial developments in coming months. If the outlook for the labor market does not improve substantially, the Committee will continue its purchases of agency mortgage-backed securities, undertake additional asset purchases, and employ its other policy tools as appropriate until such improvement is achieved in a context of price stability. In determining the size, pace, and composition of its asset purchases, the Committee will, as always, take appropriate account of the likely efficacy and costs of such purchases.
So what does all of this mean?
I really like how one analyst put it when he described this announcement as a “I’m gonna ease till your eyes bleed kinda statement“.
The Fed also promised to keep interest rates at “exceptionally low levels” until mid-2015….
To support continued progress toward maximum employment and price stability, the Committee expects that a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the economic recovery strengthens. In particular, the Committee also decided today to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates that exceptionally low levels for the federal funds rate are likely to be warranted at least through mid-2015.
It seems that whenever the U.S. economy gets into trouble, Bernanke and his friends at the Fed only have one prescription and it goes something like this….
“Print more money and promise to keep interest rates near zero even longer.”
Of course a lot of Republicans are quite disturbed that QE3 was announced with just a couple of months remaining in a very heated election battle.
Even big news organizations such as CNBC are commenting on this….
Though the Fed is ostensibly politically independent, the decision comes at a ticklish time with the presidential election less than two months away.
And without a doubt the mainstream media will be proclaiming this to be “good news” for the economy in the short-term.
But is QE3 really going to help the average person on the street?
Well, first let’s take a look at employment. We are told that one of the primary reasons for QE3 is jobs.
But did QE1 and QE2 create jobs?
The answer is clearly no.
As you can see from the chart below, the percentage of working age Americans with a job fell dramatically during the last recession and has not bounced back since that time despite all of the quantitative easing that has been done already….
So why try the same thing again when it did not work the first two times?
But what more quantitative easing is likely to do is to pump up stock market values because a lot of the money from QE3 is going to end up being put into stocks and other investments.
This is going to help the wealthy get even wealthier, and it is going to make the “wealth gap” between the rich and the poor even larger in America.
QE3 is also probably going to cause commodity prices to rise just like QE1 and QE2 did.
That means that you will be paying more for gasoline, food and other basic necessities.
So there may not be more jobs, but at least you will get the privilege of paying more for things.
The inflation that QE3 will cause will be particularly cruel for those on fixed incomes such as retirees.
None of the extra money from QE3 is going to go into their pockets, but they will have to pay more to heat their homes and fill up their shopping carts.
And the “exceptionally low interest rate” policy of the Federal Reserve is absolutely devastating for those that have saved for retirement and that are relying on interest income for their living expenses.
In short, quantitative easing is very good for the wealthy and it is very bad for the average man and woman on the street.
But what else would you expect from the Federal Reserve?
It is imperative that we educate the American people about the Federal Reserve and about how they are destroying our economy. For much more on this, please see my previous article entitled “10 Things That Every American Should Know About The Federal Reserve“.
Perhaps the biggest danger from QE3 is that it could greatly hasten the day when the U.S. dollar ceases to be the reserve currency of the world.
The rest of the world is not stupid. They see that the Federal Reserve is now firing up the printing presses whenever they feel like it. They can see the games that we are playing with our currency.
Why should the rest of the world continue to use the U.S. dollar to trade with one another when the United States is constantly debasing it and playing games with its value?
As I wrote about the other day, China and Russia have been calling for a new reserve currency for the world for several years. They have been leading the charge to conduct international trade in currencies other than the U.S. dollar, and I have documented many of the major international agreements to move away from the U.S. dollar that have been made in the last couple of years.
The status of the U.S. dollar in the world has already been steadily slipping, and now Helicopter Ben Bernanke pulls this kind of nonsense.
We are handing the rest of the world an excuse to abandon the U.S. dollar on a silver platter.
And when the rest of the globe rejects the U.S. dollar as a reserve currency, the dollar will crash, the cost of living will increase dramatically, our standard of living will go way down and we will never fully recover from it.
So if you think that things are “bad” now, just wait until that happens.
The U.S. dollar is one of the best things that the U.S. economy still has going for it, and Helicopter Ben Bernanke is doing his best to absolutely destroy that.
What is your opinion of QE3? Please feel free to post a comment with your thoughts below….
Jacob Rothschild, John Paulson And George Soros All Betting That Financial Disaster Is Coming

Are you willing to bet against three of the wealthiest men in the entire world? Jacob Rothschild recently bet approximately 200 million dollars that the euro will go down.
Billionaire hedge fund manager John Paulson made somewhere around 20 billion dollars betting against the U.S. housing market during the last financial crisis, and now he has made huge bets that the euro will go down and that the price of gold will go up.
And as I wrote about in my last article, George Soros put approximately 130 million more dollars into gold last quarter. So will the euro plummet like a rock? Will the price of gold absolutely soar? Well, if a massive financial disaster does occur both of those two things are likely to happen.
The European economy is becoming more unstable with each passing day, and investors all over the globe are looking for safe places to put their money. The mainstream media keeps telling us that everything is going to be okay, but the global elite are sending us a much, much different message by their actions.
Certainly Rothschild, Paulson and Soros know about things happening in the financial world that the rest of us don’t. The fact that they are all behaving in a consistent manner right now should be alarming for all of us.
Let’s start with Jacob Rothschild. Apparently he believes that the euro is headed for quite a tumble. The following is from a recent CNBC article….
You know the euro is in deep water when a doyen of the banking industry, Lord Jacob Rothschild takes a £130 million ($200 million) bet against it.
Okay, but the euro has already been falling dramatically. In mid-2011, the EUR/USD was above the 1.40 mark, and right now it is at about 1.23.
Does it really have that much more that it can fall?
If the eurozone ends up breaking apart it sure does.
If there is a Greek default, or if Germany leaves the euro, or if a new currency comes along to replace the euro those currently betting against it will end up looking like geniuses.
Another big name in the financial world that is betting against the euro right now is John Paulson. The following is from a recent Der Spiegel article….
One of these warriors is John Paulson. The hedge fund manager once made billions by betting on a collapse of the American real estate market. Not surprisingly, the financial world sat up and took notice when Paulson, who is now widely despised in America as a crisis profiteer, announced in the spring that he would bet on a collapse of the euro.
And as I noted in my last article, Paulson has also been putting billions of dollars into gold.
So just what are Rothschild and Paulson anticipating?
Could we be on the verge of a massive financial collapse in Europe?
According to the Der Spiegel article mentioned above, a lot of investors seem to be preparing for such a possibility right now….
Banks, companies and investors are preparing themselves for a collapse of the euro. Cross-border bank lending is falling, asset managers are shunning Europe and money is flowing into German real estate and bonds. The euro remains stable against the dollar because America has debt problems too. But unlike the euro, the dollar’s structure isn’t in doubt.
The financial world is starting to wake up to the fact that the globe is absolutely drowning in debt and it is not really good to be holding fiat currencies when a debt crisis erupts.
When men like John Paulson and George Soros start pouring huge amounts of money into gold, it is time to start becoming alarmed about the state of the global financial system.
The amount of money that these men are investing in gold is staggering….
There was also news last week in an SEC filing that both George Soros and John Paulson had increased their investment in SPDR Gold Trust, the world’s largest publicly traded physical gold exchange traded fund (ETF).
Mr Soros upped his stake in the ETF to 884,400 shares from 319,550 and Mr Paulson bought 4.53m shares, bringing his stake to 21.3m.
At the current price of about $156 a share, these are new investments of about $88m of Mr Soros’ cash and more than $700m from Mr Paulson’s funds. These are significant positions.
And the central banks of the world are certainly buying gold at an unprecedented rate as well. According to the World Gold Council, the central banks of the world added 157.5 metric tons of gold last quarter. That was the biggest move into gold by the central banks of the globe that we have seen in modern financial history.
But that might just be the beginning.
According to a recent Marketwatch article, there are persistent rumors that China has plans to buy thousands of metric tons of gold….
Within the gold market, there is unconfirmed speculation that China plans to buy up to at least 5,000 to 6,000 metric tons of gold and that it will start to buy during this year, according to Kevin Kerr, president of Kerr Trading International.
If China buys this much gold, that would exceed annual, global production of gold, he said. “We do not have enough gold for China to buy that much, and it will take China time to purchase this amount of gold.”
So what comes next?
Nobody is quite sure.
Another major financial crisis could erupt in Europe at any moment.
A major war in the Middle East could start literally at any time.
Renowned investor Jim Rogers believes that things are really going to get “bad after the next election“.
Others believe that the action could start even sooner than that.
The truth is that even though we have not seen a “Lehman Brothers moment” yet, things in Europe just continue to get progressively worse. The following is from a recent article by Mark E. Grant….
Whether you turn your attention to Greece, Spain, Italy, Portugal or even Ireland; it is getting worse. Nowhere on the Continent are things improving and even in France and Germany the financial strains are beginning to show. It is not a question of Euro-bear or Euro-bull; it is just the numbers as they come rolling out month after month.
There is a growing realization in Europe that the euro simply does not work. Italy is absolutely drowning in debt, the Spanish economy has basically descended into a depression, and Greece has been experiencing depression-like conditions for years at this point.
The euro is doomed. The only question is who is going to blink first.
Nobody wants to be the first to leave the euro. There are rumblings that it could actually be Finland that leaves the euro first, and that would please Germany just fine because they don’t want to look like the bad guys in all of this.
But that doesn’t mean that Germany won’t eventually pull the trigger if nobody else does. The German public is sick and tired of bailing out the weak sisters of southern Europe, and at this point it looks like it would take perpetual bailouts just to keep the euro together.
And recently there have been lots of little signs that Germany is starting to move slowly toward the exit doors.
In fact, I found it quite interesting that a giant euro sculpture was recently removed from the Frankfurt International Airport….
A massive € sculpture (identical to the one in front of the European Central Bank) was dismantled and removed from the Frankfurt International Airport in Germany Thursday.
The official explanation is ‘the plastic parts are getting weak after 11 years and the terminal needed the space‘.
Does € sculpture’s removal from the Frankfurt Airport indicate Germany is preparing for a surprise return to the Deutsche Mark?
Sure that might just be a coincidence, but it also could be a harbinger of things to come.
Sadly, most average people living in North America and Europe have absolutely no idea what is coming. Most of them just want to be able to get up in the morning and go to work and pay the bills and take care of their families.
Unfortunately, millions upon millions of those hard working individuals are in for a very rude awakening.
A lot of people are about to have their current lifestyles totally turned upside down.
But it doesn’t have to be all bad.
In fact, I found it very interesting to read about how some young people are responding to the depression in Greece….
In the spring of 2010, just as the Greek government was embarking on some of its harshest austerity measures, 29-year-old Apostolos Sianos packed in his well-paid job as a website designer, gave up his Athens apartment and walked away from modern civilisation.
In the foothills of Mount Telaithrion on the Greek island of Evia, Mr Sianos and three other like-minded Athenians set up an eco-community.
The idea was to live in an entirely sustainable way, free from the ties of money and cut off from the national electricity grid.
The group sleeps communally in yurts they have built themselves, they grow their own food and exchange the surplus in the nearest village for any necessities they cannot produce.
I think there is a lesson to be learned there.
When the system fails, it is going to be important to be able to live independently of the system.
Governments and big banks all over the world have been rapidly preparing for the coming financial collapse.
Perhaps the rest of us should be too.
If you can believe it, 77 percent of all Americans live paycheck to paycheck at least some of the time.
If another major economic crisis comes along, many of those people are going to be totally wiped out.
And there are already signs that the U.S. economy is basically on life support at this point.
Just look at the velocity of money.
In an economy that is growing and healthy, money tends to circulate very, very quickly.
But when an economy is sick, money tends to circulate very slowly.
And that is exactly what is happening right now. In fact, the velocity of money is currently at the lowest level in modern U.S. history….
This is exactly what happened back in the 1930s. The velocity of money absolutely plummeted. When people are scared, credit is tight and times are hard, money does not exchange hands as rapidly.
But this is just the beginning.
What we are experiencing right now is rip-roaring prosperity compared to what is coming.
Jacob Rothschild, John Paulson and George Soros are preparing themselves for the tremendous chaos that is coming.
Are you getting prepared?
Jacob Rothschild, John Paulson And George Soros Are All Betting That Financial Disaster Is Coming
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Published by
The Economic Collapse
Let’s start with Jacob Rothschild. Apparently he believes that the euro is headed for quite a tumble. The following is from a recent CNBC article….
Okay, but the euro has already been falling dramatically. In mid-2011, the EUR/USD was above the 1.40 mark, and right now it is at about 1.23. Does it really have that much more that it can fall? If the eurozone ends up breaking apart it sure does. If there is a Greek default, or if Germany leaves the euro, or if a new currency comes along to replace the euro those currently betting against it will end up looking like geniuses. Another big name in the financial world that is betting against the euro right now is John Paulson. The following is from a recent Der Spiegel article….
And as I noted in my last article, Paulson has also been putting billions of dollars into gold. So just what are Rothschild and Paulson anticipating? Could we be on the verge of a massive financial collapse in Europe? According to the Der Spiegel article mentioned above, a lot of investors seem to be preparing for such a possibility right now….
The financial world is starting to wake up to the fact that the globe is absolutely drowning in debt and it is not really good to be holding fiat currencies when a debt crisis erupts. When men like John Paulson and George Soros start pouring huge amounts of money into gold, it is time to start becoming alarmed about the state of the global financial system. The amount of money that these men are investing in gold is staggering….
And the central banks of the world are certainly buying gold at an unprecedented rate as well. According to the World Gold Council, the central banks of the world added 157.5 metric tons of gold last quarter. That was the biggest move into gold by the central banks of the globe that we have seen in modern financial history. But that might just be the beginning. According to a recent Marketwatch article, there are persistent rumors that China has plans to buy thousands of metric tons of gold….
So what comes next? Nobody is quite sure. Another major financial crisis could erupt in Europe at any moment. A major war in the Middle East could start literally at any time. Renowned investor Jim Rogers believes that things are really going to get “bad after the next election“. Others believe that the action could start even sooner than that. The truth is that even though we have not seen a “Lehman Brothers moment” yet, things in Europe just continue to get progressively worse. The following is from a recent article by Mark E. Grant….
There is a growing realization in Europe that the euro simply does not work. Italy is absolutely drowning in debt, the Spanish economy has basically descended into a depression, and Greece has been experiencing depression-like conditions for years at this point. The euro is doomed. The only question is who is going to blink first. Nobody wants to be the first to leave the euro. There are rumblings that it could actually be Finland that leaves the euro first, and that would please Germany just fine because they don’t want to look like the bad guys in all of this. But that doesn’t mean that Germany won’t eventually pull the trigger if nobody else does. The German public is sick and tired of bailing out the weak sisters of southern Europe, and at this point it looks like it would take perpetual bailouts just to keep the euro together. And recently there have been lots of little signs that Germany is starting to move slowly toward the exit doors. In fact, I found it quite interesting that a giant euro sculpture wasrecently removed from the Frankfurt International Airport….
Sure that might just be a coincidence, but it also could be a harbinger of things to come. Sadly, most average people living in North America and Europe have absolutely no idea what is coming. Most of them just want to be able to get up in the morning and go to work and pay the bills and take care of their families. Unfortunately, millions upon millions of those hard working individuals are in for a very rude awakening. A lot of people are about to have their current lifestyles totally turned upside down. But it doesn’t have to be all bad. In fact, I found it very interesting to read about how some young people are responding to the depression in Greece….
I think there is a lesson to be learned there. When the system fails, it is going to be important to be able to live independently of the system. Governments and big banks all over the world have been rapidly preparing for the coming financial collapse. Perhaps the rest of us should be too. If you can believe it, 77 percent of all Americans live paycheck to paycheck at least some of the time. If another major economic crisis comes along, many of those people are going to be totally wiped out. And there are already signs that the U.S. economy is basically on life support at this point. Just look at the velocity of money. In an economy that is growing and healthy, money tends to circulate very, very quickly. But when an economy is sick, money tends to circulate very slowly. And that is exactly what is happening right now. In fact, the velocity of money is currently at the lowest level in modern U.S. history…. For much more discussion on this, please check out this article. This is exactly what happened back in the 1930s. The velocity of money absolutely plummeted. When people are scared, credit is tight and times are hard, money does not exchange hands as rapidly. But this is just the beginning. What we are experiencing right now is rip-roaring prosperity compared to what is coming. Jacob Rothschild, John Paulson and George Soros are preparing themselves for the tremendous chaos that is coming. Are you getting prepared? |
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Israel’s New Oil Weapon

http://www.americanthinker.com/
Seemingly out of nowhere, geopolitics have been all but turned upside down in the Middle East, thanks to the discovery of massive energy resources in Israeli territory. As a nascent Oil Power, the Jewish State is only beginning to contemplate the new dynamics of influence available to it.
The world knows Vladimir Putin as President of Russia; however, to Putin’s official title, allow me to suggest a second appellation, unofficial, but no less descriptive: Israel’s New Best Friend. Until recently, one could characterize Russia’s position vis-à-vis Israel as, at best ambivalent: cordial relations with Jerusalem on the one hand, while supplying weapons, nuclear technology and other assistance to her enemies on the other.
But Putin’s late June visit to Israel signaled, and was meant to signal, a sea-change in Russia-Israel relations — “sea” as in Mediterranean sea, where in 2009, 50 miles off the Israeli coast, geologists discovered “an estimated 8.3 tcf (trillion cubic feet) of highest-quality natural gas,” to be surpassed just a year later with the discovery of a second field, named Leviathan, of an additional 16 tcf, “making it the world’s biggest deep-water gas find in a decade” and causing Israel to go from “a gas famine to feast in a matter of months.” Other estimates put the Leviathan reserves as high as 20 tcf.
Needless to say, these discoveries could not be more timely, coming at about the same time as the Muslim Brotherhood‘s ascension to power and acts of sabotage in Egypt jeopardize the reliability of natural gas supplies to Israel from that country. Who says that God does not retain a special place in his heart for His Chosen People?
But of more earthly, and material, concern than the Almighty’s mysterious affection for an ancient tribe of itinerant sheepherders, is Russian energy giant Gazprom’s love of lucrative gas extraction contracts with the Jewish state. After all, oil and gas discoveries of such magnitude are about as rare as the sight of Vladimir Putin, praying at the Western, wall in a yarmulke. Or taking the Palestinians’ side against the Israelis’ as energetically in the future as he has in the past.
For, as Jerusalem Post columnist Isi Leibler notes, while Putin “heads a country which has ties and provides weapons to some of Israel’s greatest enemies including Iran and Syria” and “tends to support the Palestinian position, both as a member of the Quartet and at the UN”, Putin’s visit to Israel unquestionably sends clear signals.
Even recognizing major divergence of policies in relation to Iran and Syria, and that Putin’s tensions with the United States and interests in the Arab world preclude Israel from considering him a partner, it sends a message to the Arabs that Russia is not an enthusiastic ally in their efforts to undermine the Jewish state.
Or at least not while the rubles are flowing into Gazprom’s coffers, anyway. Both countries share ambivalent and sometimes strained relations with Turkey; concerns about the dark side of the Arab Spring, the rise of the Muslim Brotherhood and Islamic fundamentalism; and concerns about events in Syria.
Some of Israel’s European critics might also want to rethink their anti-Israel stances and the barely disguised anti-Semitism that inspires them, or at least tone it down a bit should they want, at some future time, a piece of the Israeli oil-pie. As Victor Davis Hansen asks, “Will Europe still snub Israel when it has as much oil, gas, and money as an OPEC member in the Persian Gulf?”
Well, I’m pretty sure they’ll want to, but as De Gaulle famously said, “France has no friends, only interests.”
I suppose we’ll find out soon enough whether France has no enemies, either. In the meantime, Walter Russell Mead simply states the obvious when he says that “regardless of the simple economic impact, in different ways and different degrees the Gulf countries and Russia are going to lose a lot of the political advantages that their energy wealth now gives them.
They will have less ability to restrict supply and to manipulate prices than they have had in the past. Oil and gas are going to be less special when supplies are more abundant and more broadly distributed.
To which this writer would only add: especially when a major source of these “more abundant and broadly distributed” supplies is a stable, democratic friend and ally.
And finally there is America. For Russia, it’s the traditional East-West rivalry. But for Israel, it is not so much America the country as it is her current, and hapless, president, Barack Obama and the Israel-hostile fellow travelers who populate his administration.
For the first time since, perhaps, the Eisenhower administration, Israel has good reason, at least while Obama is in power, to question our reliability as an ally.
And Putin has an obvious incentive to exploit Jerusalem’s doubts by moving closer to Israel in the hope of creating a concomitant distance between Israel and the U.S. Indeed, he may already be doing so:
Putin’s arrival in the region must be viewed in contrast to President Obama, who has yet to visit Israel…. President Putin’s visit was clearly calculated to be the mirror image of Obama’s last visit to the region. In a similar manner, while Obama chose to talk to Palestinian Authority President Mahmoud Abbas in his first overseas telephone call as president, Putin and Israeli Prime Minister Netanyahu spoke on the phone immediately after Putin’s return to the presidency in May..
What’s more, not only did Putin begin his tour of the Middle East in Israel, he also made a point in visiting holy Christian and Jewish sites, while entirely skipping the Muslim shrines.
He met with Christian and Jewish religious leaders but avoided meeting any Muslim clergy. Even when visiting the Palestinian Authority, Putin chose to come to Bethlehem — a Christian site — rather than Ramallah.
Whereas Obama chose to reach out to Islam and the Palestinians during his famous 2009 speech in Cairo, Putin chose to appear as the defender of Christianity in the Middle East, outreaching to Judaism and playing down the Palestinian case.
Indeed, when Putin insisted on negotiations instead of unilateral steps as the right path towards the resolution of the Israeli-Palestinian conflict, he practically endorsed Israel’s stance on the matter.
I mention the above as a cautionary note. Israel has a lot more than oil to offer Russia — and China, and India — than oil. She also has brainpower and all the technological prowess that goes along with it, and here I mean, especially, military technology, which, I think we all can agree, our competitors and enemies would very much like to have.
What Israel does not have a lot of, is money. But Russia, India and, especially, China, have oodles of the stuff, much of it formerly ours. And I would not count the Israelis themselves out, either: as more and more Israeli energy exporting infrastructure comes online, and the revenues start flowing in, Israel might, one day, have substantial funds of her own to put in the pot.
Yes, Israel loves us — but do they love us enough to commit national suicide for us? Israel is a tiny country, surrounded by enemies both potential and real, and like any country in such a situation, relies on alliances and partnerships with larger ones.
Which country, or countries, one allies with, however, is of considerably lesser importance when survival is the issue and let’s be brutally honest, here. If you were Benjamin Netanyahu, and Barack Obama were your ally, would you want to put all of your alliance eggs in one basket?
So as he continues to lambaste Israel on the one hand, while schmoozing Israel’s rivals and enemies on the other, and assuming that an Israeli-designed anti-missile missile could shoot down an American missile as well as it can an Arab — or Chinese, or Russian — one, President Obama might wish to ponder the geopolitical implications of the day, if it ever comes, that the Israelis decide that they don’t need us anymore.
But we were talking about oil, about how the new Israeli discoveries make Israel, for the first time in her history, both energy-independent and an increasingly desirable ally and partner for any number of rich, powerful and above all, energy-hungry, countries. So let’s look at the military implications of Israel’s emergence as an “energy superpower” and how her energy independence can benefit not just her, but us, too.
Many of us older folks remember well the Arab oil embargo of 1973, Sheik Yamani, a sweater-clad Jimmy Carter turning down the thermostat in the White House and, above all, the breathless anticipation with which the world would await the result of each price-setting meeting of the then-all powerful (or at least so it seemed) Arab oil cartel.
Fortunately, we haven’t heard from the cartel in a while and with an oil-rich Israel more than happy to help her Western friends — and hurt her Arab (and Venezuelan) enemies — by ramping up her own production to offset any lost production from production reductions elsewhere, we may never hear from them again.
But of course, any introduction of new supply will push oil prices down everywhere and reduce revenues for everyone. Including, of course, Iran. So if you’re Israel, with an enemy as implacable — and oil-revenue dependent — as Iran, why wait for an embargo? Why not flood the world with as much oil, as fast, and as cheaply, you can? Need oil, mister? Oy, have I got a deal for you….
And finally, regarding Iran, there is the military application: Iran’s nuclear facilities are hidden deep underground, but her oilfields are not. Most, if not all, of Iran’s oil production infrastructure is above ground, vulnerable to attack and, oh, by the way, oil is extremely flammable.
By impairing Iran’s oilfields, which the Israeli air force probably could do, Israel could bring the Iranian economy, and the Mullahs who rule it, to its and their knees.
Indeed, one can only assume that the only reason the Israelis haven’t already done so is the predicted effect on oil prices and the predictable cries of outrage from the “international community” guaranteed to arise therefrom. But with Israel ready, willing and able to replace any lost Iranian oil in quantities sufficient to keep world oil prices stable or even lower…?
Since the destruction of the First Temple by the Babylonians in 586 B.C., through centuries of conquest, revolt and exile, Jews have dreamed of — and fought for, and died for — the day when a restored, militarily strong, truly independent Israel would rise and resume her rightful place among the nations of the world.
With Israel’s newfound energy supplies, and the will and wisdom to exploit those supplies to her advantage, that day may not be far off.
19 Warnings About A Coming Global Financial Catastrophe
Global leaders have tried just about everything that they can think of, but the coming global financial catastrophe continues to march steadily toward us. We have seen “stimulus packages”, quantitative easing, bond buying, interest rate cuts, emergency economic summits, bailout packages for banks, bailout packages for entire nations, “Operation Twist“, unprecedented government intervention in business and massive amounts of new government debt and yet nothing seems to revive the global economy. In fact, it looks like we are rapidly heading into the second dip of a “double dip recession“. Unfortunately, many believe that this next dip will be more like a full-blown depression. All over the world, top economic experts are warning that we are facing an unprecedented crisis of debt and insolvency that will result in a global financial catastrophe. The eurozone is drowning in debt, the U.S. government is drowning in debt and major banks all over the globe are drowning in debt. Global authorities have been trying to patch the system together and keep it going, but the incredible damage that all of this debt has done is now becoming apparent to everyone. The global debt bubble that has fueled prosperity in the western world for the last several decades is getting ready to burst, and when that happens the chaos that will result will be absolutely horrifying.
The following are 19 warnings about a coming global financial catastrophe….
1. ”Dr. Doom” Nouriel Roubini says that the rapidly approaching financial crisis will be even worse than 2008….
“Worse because like 2008 you will have an economic and financial crisis but unlike 2008, you are running out of policy bullets. In 2008, you could cut rates; do QE1, QE2; you could do fiscal stimulus; you could backstop/ringfence/guarantee banks and everybody else. Today, more QEs are becoming less and less effective because the problems are of solvency not liquidity. Fiscal deficits are already so large and you cannot bail out the banks because 1) there is a political opposition to it; and 2) governments are near-insolvent – they cannot bailout themselves let alone their banks. The problem is that we are running out of policy rabbits to pull out of the hat!”
2. John Embry….
“This situation is unprecedented. The world has never, ever been in a condition like this. As a result, anyone that is complacent here and says, ‘This is just business as usual,’ they are dead wrong and will be shocked at the chaos that is heading our way.”
3. Jim Rogers….
“Just because now you have a way to get them (the banks) to borrow even more money, this is not solving the problem, this is making the problem worse”
4. Prominent Spanish politician Felipe Gonzalez….
“We’re in a situation of total emergency, the worst crisis we have ever lived through”
5. Leader of the UK Independence Party Nigel Farage….
You know, this deal makes things worse not better. A hundred billion [euro] is put up for the Spanish banking system, and 20 per cent of that money has to come from Italy. And under the deal the Italians have to lend to the Spanish banks at 3 per cent but to get that money they have to borrow on the markets at 7 per cent. It‘s genius isn’t it. It really is brilliant.
So what we are doing with this package is we are actually driving countries like Italy towards needing to be bailed out themselves.
In addition to that, we put a further 10 per cent on Spanish national debt and I tell you, any banking analyst will tell you, 100 billion does not solve the Spanish banking problem, it would need to be more like 400 billion.
And with Greece teetering on the edge of Euro withdrawal, the real elephant in the room is that once Greece leaves, the ECB, the European Central Bank is bust. It’s gone.
It has 444 billion euros worth of exposure to the bailed-out countries and to rectify that you’ll need to have a cash call from Ireland, Spain, Portugal, Greece and Italy. You couldn’t make it up could you!
6. Peter Praet, chief economist at the European Central Bank….
“The eurozone crisis is now much more profound and fundamental than at the time of Lehman”
7. Graham Summers….
Angela Merkel is up for re-election next year. There is no way on earth she’ll opt to let Germany get dragged down by the EU. She’s even said she will not allow Eurobonds for “as long as [she] lives.”
This is not empty rhetoric. This is fact. Germany has expressed its intentions dozens of times in the last month: NO Eurobonds and NO guarantee of EU banking deposits.
The reasons for this are simple: EITHER option renders Germany insolvent. It’s already teetering on insolvency to begin with. But to allow Eurobonds or some kind of guarantee of the EU banking system to occur on top of the money Germany has already spent propping up the EU will take Germany down.
The German economy is already slowing. Most Germans are fed up with the Euro. Merkel would rather die than let her country become like Greece (which the creation of Eurobonds or EU deposit guarantees would most assuredly result in).
So Germany is tapped out as well. This leaves… NOBODY.
Again, Europe is out of money. End of story. This is the truth and investing based on the idea of some magical bailout occurring is like investing on Hank Paulson’s Bazooka policy for Fannie and Freddie (three months later the markets imploded).
8. Peter Schiff….
“I think we’re still in a depression. I think it’s going to be with us for years and years. It could be five or ten years; it could be longer, depending on how long it takes us to recognize our mistakes so that we can begin to reverse them”
9. New York Times columnist Paul Krugman….
“There are a lot of ugly forces being unleashed in our societies on both sides of the Atlantic because our economic policy has been such a dismal failure, because we are refusing to listen to the lessons of history. We may look back at this thirty years from now and say, ‘That is when it all fell apart.’ And by all, I don’t just mean the economy.”
10. IMF Managing Director Christine Lagarde….
“In the last few months, the global outlook has been more worrying for Europe, the United States and large emerging markets”
11. Andrew Kenningham, senior global economist at Capital Economics….
“With euro break-up risk likely to rise in the second half of the year and monetary policy looking increasingly impotent, things could get much worse before they get better.”
12. Zero Hedge….
“We now have 80% of the world posting a contraction in industrial activity.“
13. Lakshman Achuthan, the co-founder of the Economic Cycle Research Institute….
“What we said back in December was that we thought the most likely start date for the recession would be in Q1, and if not then, by the middle of 2012. I’m here to reaffirm that.
In other words, I think we’re in recession already. As I said back there, it’s very rare that you know you’re going into recession when you’re going into recession. It often takes some big hit on the top of the head. In the last recession it took Lehman to wake people up. In the recession before it took 9/11.
When you look at the data today, you see industrial production is off of its April high. Manufacturing and trade sales – much broader than retail sales – is off of its December high.
Real personal income growth, which doesn’t always go negative during a recession, has been negative for several months.”
14. Priya Misra, head of U.S. rates strategy at Bank of America Merrill Lynch….
“The global economy is in the midst of a synchronized slowdown, as reinforced by the recent spate of weak economic data”
15. Chris Williamson, the chief economist at Markit….
“Companies are clearly preparing for worse to come, cutting back on both staff numbers and stocks of raw materials at the fastest rates for two-and-a-half years”
16. Howard Archer, chief European economist at IHS Global Insight….
“With the eurozone likely having suffered appreciable GDP contraction in the second quarter and in grave danger of contracting again in the third, and with eurozone business confidence generally low and fragile, the likelihood is that the eurozone unemployment rate will move significantly higher over the coming months”
17. Karl Denninger….
If we keep deficit spending we are simply debasing the purchasing power of the common man in a puerile attempt to pacify the people and avoid holding the financiers who were responsible for this debacle, including Bernanke, Greenspan, Paulson and Geithner along with both Obama and George W Bush to account. This attempt is mathematically doomed to fail as median family income has not moved which means that we’re shifting an ever-greater part of the population to social programs like food stamps and other handouts while the taxpaying productive population continues to shrink.
This is exactly how Greece and Spain went down the bowl and we’re right behind them unless we stop this crap right now.
We cannot “bend the curve” or look toward the “intermediate term”; that was exactly the siren song in Europe and it has led to catastrophe as “tomorrow” never comes! The “intermediate term” is usually defined as three to five years out — we heard of the “intermediate term” in 2008 but now it’s 2012 and none of the retractions in that spending have occurred — the claim that they would be undertaken was a lie.
We must stop the stupid right now!
Arithmetic is a bitch. It’s politically agnostic and cold-hearted. Exponential growth, as I have repeatedly pointed out, is utterly unsustainable over the long term. It doesn’t matter if you want these sorts of schemes to work or not; the longer you continue to pretend that there is some path forward that achieves these goals the worse the outcome is when you discover that you’re wrong.
18. LEAP/E2020….
“LEAP/E2020 has never seen the chronological convergence of such a series of explosive and so fundamental factors (economy, finances, geopolitical…) since 2006, the start of its work on the global systemic crisis. Logically, in our modest attempt to regularly publish a “crisis weather forecast”, we must therefore give our readers a “Red Alert” because the upcoming events which are readying themselves to shake the world system next September/ October belong to this category.”
19. Steve Quayle’s anonymous international banking source….
“The Bond market is finished, We all knew that there is a bubble in the bond market, This is the coup de grace that will not pop the bubble, but make it explode with the force of a thousand suns. America will be broke and barren in a blink of an eye! These are two events that I have been warning about are ones that will end your life on this planet as you know it. Your cash will be worthless, your country at a standstill, No money, No food, no essential services, AND WHEN IT ALL STOPS….. YOU STOP.”
So what do you think about these warnings?
Are you concerned that a global financial catastrophe is coming?
Please feel free to post a comment with your opinion below….
There Will Never Be Enough Jobs In America Again
Well, we just had another bad jobs report. The U.S. economy created just 80,000 new jobs during the month of June. Normally, about 125,000 new jobs need to be created every month just to keep up with population growth. So it is a bit odd that the official unemployment rate did not rise above 8.2%. What is even more alarming is that the Social Security Administration is telling us that 85,000 U.S. workers “left the workforce” and enrolled in the Social Security Disability Insurance program during the month of June. That means that the number of Americans enrolling in Social Security Disability actually exceeded the number of new jobs that was created. That is definitely not a sign of recovery. Unfortunately, this is about as good as things are going to get. Right now corporate profits are at an all-time high and usually after a recession has ended the percentage of working age Americans that have jobs bounces back very strongly. But that has not happened this time, and when the next economic crisis hits things are going to get a lot worse.
The headline to this article states that there will never be enough jobs in America again.
How could that possibly be true?
Well, the sad truth is that it is very hard to make a profit on an employee in the United States today.
Every year, the control freaks that run things just keep dumping more taxes, more laws, more regulations and more demands on employers. Hiring even a low level employee today is very complicated and very expensive.
These days a lot of small business owners have decided that it is simply not worth the hassle to hire more employees. If you can’t make a profit on them, what is the point?
If there was going to be a major rebound in hiring, we would have seen it by now. Corporate profits are at an all-time high as I mentioned earlier. How much more money do they need to make before they start hiring?
But I don’t blame them. Our politicians have loaded the system with plenty of incentives NOT to hire workers.
Yesterday, I wrote about how Barack Obama has been a one man wrecking crew when it comes to killing jobs. But he is not the only one to blame. The truth is that politicians from both political parties have been making things more difficult for employers for decades.
Today, many employers are trying to replace as many employees as possible with computers, automation, robotics and other forms of technology. Those are jobs that are not ever going to come back.
However, sometimes human labor is still actually needed.
But instead of hiring American workers, many big corporations are taking advantage of the emerging “one world economy” and are setting up shop in countries where it is legal to pay slave labor wages.
So how are American workers supposed to compete with that?
The truth is that they can’t.
Today, you aren’t just competing for jobs with your neighbors. Your competition also includes millions upon millions of hard working people on the other side of the globe that will gladly work 12 hour shifts in nightmarish conditions for a dollar an hour.
The United States has been losing millions of jobs to lower wage countries, and the fierce competition for the jobs that remain is driving down wages in this country.
As a result, many of our greatest cities that were once the envy of the entire world have become cesspools of filth, decay and wretchedness.
We are going to continue to bleed jobs because both major political parties are fully convinced that merging our labor pool with the labor pool of the rest of the world is a grand idea.
Republicans have been brainwashed into believing that a one world economic system is actually “conservative”. They have been told that it is “conservative” to merge our economy with countries ruled by third world dictators and brutal communist regimes that have no respect for human rights at all.
Democrats have been brainwashed into believing that merging our economy into a one world economic system is “good for American workers” and will bring more prosperity to this country.
Barack Obama is even negotiating a treaty right now that would reportedly ban all “Buy American” laws.
How stupid can we be?
If we merge our labor pool with the labor pool of the rest of the world with no protection, guess where our wages and our standard of living is going to go?
The answer is obvious.
The “giant sucking sound” that Ross Perot warned us about so many years ago has become a reality.
It is just basic economics.
If I go to the store and I see two similar products and one is priced at $10 and the other is priced at $100 I am going to go for the one priced $10.
Well, it is the same thing with employees.
U.S. workers can’t compare with low wage workers on the other side of the world. It is simply no contest.
Meanwhile, our control freak politicians continue to shove more jobs out the door by piling on even more taxes, rules and regulations.
Unfortunately, these trends are not going to change. It doesn’t matter who gets elected. The bleeding of jobs is going to continue.
In fact, we should probably be celebrating that things are still as good as they are.
In the future they will be a whole lot worse.
The period we are in right now was supposed to be the recovery. During the last recession the percentage of working age Americans with jobs fell dramatically. Since the end of the recession, that number has stayed remarkably flat….
Now the next major downturn is rapidly approaching.
When it hits, the unemployment rate is going to go well up into the double digits.
At the moment, our failing economy is being propped up by unprecedented amounts of debt.
When our debt-fueled false prosperity ends, the true horror of the decay of our economic system will be revealed.
If you think it is hard to find a job now, you just wait. What is coming is going to be a total nightmare. As I have written about before,many years of pain are ahead.
But that doesn’t mean that you have to lose hope.
On my website, people often share how their lives have been absolutely devastated by this economy. Some of them are even so down that they are considering giving up completely.
But that is the exact wrong response to all of this!
The reason why I try so hard to explain what is coming is so that it will not be a surprise to people. If you make plans and preparations now, the times that are coming will not overwhelm you. I believe that there will be people that will be greatly blessed even in the midst of what is coming.
However, millions of Americans that are not listening to the warnings now will have their lives totally destroyed by what is coming.
The world is changing. Nothing is going to stop that. The unprecedented prosperity that we have been rolling in is going to shrivel up and go away.
But that does not mean that your life is over.
In fact, if you get yourself physically and mentally prepared for what is ahead the times that are coming can be the greatest times of your life.
One of my goals is to give people hope. There is hope in understanding what is coming. There is hope in being prepared. There is hope in being a light in the middle of the darkness. There is hope in being willing to love people in the midst of a world that is going crazy. The following is from a comment that one reader left on a recent article….
I wanted to thank you, the author of this article, whoever you are. I haven’t completely ruled out killing myself but you’ve certainly given me something to think about. And thank you for trying to give people like me a little hope. A little kindness, even if only through words, is at a premium these days especially in my life. I will think carefully about what you’ve said. Best wishes to you and your efforts. God bless.
Everyone out there that is in a similar position – please do not ever, ever, ever give up.
No matter how bad things look right now, there are people out there that care.
One thing I have learned in life is this – there is always a way that things can be turned around.
Sadly, in the future a lot of Americans are going to give in to despair and will completely give up on life. We saw it happen during the Great Depression of the 1930s and we are seeing this in Greece and other European countries right now.
But the truth is that your life is not over no matter how bad things get out there.
You can let the times that are coming destroy you, or you can make them the greatest adventure of your life.
The choice is up to you.
I urge you to get ready, to get more independent of the system and to start focusing on the things that really matter in life.










