Path to self destruction

“I'm just a patsy”, that's what Lee Harvey Oswald said just before he was shot. I think the banks are the patsies and the culprit at the same time. All these bail outs and public debt is not because of anything other than the banks failing, but the question is why are we even bailing them out. Now, all the people who said these banks were going to fail are now saying let them fail, including the countries that are failing as well. So, where's the logic in all of this?



Let's look at the banks for just a second. The banks made all these bad loans, packaged them up and sold them to investors. This allowed the banks to give the money out while betting against people being able to pay their loans. I would love to bet both sides, but I don't go to race tracks, and the stock market is the biggest form of legalized gambling in the world. Because of federal regulation the banks were required to give out a certain percentage of bad loans. The banks got two sweeteners to do this. The banks were able to write off the bad loans on their taxes if people defaulted and the government secured the debt.


My question is did the banks do this on purpose to get richer or did they just get greedy and didn't have any consequences for their actions? I think it's a combination of both. Anyone in their right mind would go after more wealth if they could, so increasing the amount of high risk loans to get more to write off and not even really lose any money would be in their best interest. For the banks, there's no losing, so why not be reckless? The politicians made these deals so they could say they did a good thing and the banks made out like bandits.


Now the States are in trouble. I went to the usdebtclock.org and looked at my home state, Oregon, I saw that we're only at 23% debt to GDP. Thinking to myself I began to ask, was this all a scare tactic by the media? The answer is no. Let's look at New Jersey for example. New Jersey has about 17% debt to GDP. New Jersey has $8 billion in revenue, $11 billion in debt, and is short $10 billion dollars. New Jersey has started cutting services so that they've actually come out with a $400 million surplus this year according to Governor Chris Christie, so their debt to GDP is going down. The thing to see here is that if New Jersey decided to borrow money instead of cut back, their debt to GDP would go from 17% to around 34%. This doesn't give long before the state is at 100% of debt to GDP.


Most, if not all, States require that a budget be balanced every year. So, for most states you're going to have to cut services, cities too. What I find to be absolutely backward is that these states and cities are choosing to pay for pension liabilities while cutting essential services like police, fire, and rescue. A great example of this would be Detroit. Detroit is reducing coverage of 20% of its city because of budget shortfalls while not expecting any concessions from the police, fire, and rescue. Another example would be Illinois. Illinois is about 6 months behind on payments, not even local gas stations will accept state credit cards for gas. What is Illinois doing with their money, paying pensions and shorting everyone else?


These people, who I regard highly, that are asking to let these states and institutions fail aren't really looking at the unintended consequences. My favorite quote from Chris Martenson is “the next 20 years will not be like the last 20 years”. People like Peter Schiff and Bob Chapman see this as a good thing, but let's look at what will happen in the event of a collapse.


In the event of a collapse or letting states and institutions fail, there will be a giant power grab by Washington's elite, bankers, and corporations. Everyone is going to want to have a stake in the pie because they want to keep what they have. The banks want their wealth, even if it means 50 years of depression. The corporations want to make sure they stay in business because they'll be in power once everything settles. The politicians, they're just power hungry, they believe that we're their servants instead of the other way around. The one thing they forgot is that when people are oppressed enough, they will revolt, that's what started the American Revolution in 1776.


I think that what people don't realize, except the politicians in Washington, is that we've been groomed for so long to feel that we're entitled to certain things. Since the Great Depression, no one in this country has ever felt true hardship. We've become so accustomed to our lives, our trinkets, and our entitlements that we'll follow anyone who promises to keep us comfortable. In the end, I don't think freedom and inalienable rights will win out, but entitlements and complacency will win the day.


At this point it doesn't matter what you believe in, as long as you believe in something, which has been missing from this country for a long time. If you're like me, you believe in Natures God and that this is an inevitable cycle that we're going through. The Earth can only handle so many people before the people start to get crowded. With crowding comes excessive wars, famine, death, corruption, and greed. Although many people talk about global warming and our carbon footprint, they forget that Nature has it's own supernatural powers. You can only have so much of something before you have nothing then you're led down the path of self destruction, which is where we as a planet and country are heading.

President meets with most powerful leaders in America

Sometimes things just don't add up or they do add up, but you don't want to think the worst. Today on “Follow the Money” they did a segment about the top Union leaders meeting with the President to cool them down after this latest compromise about the Bush-era tax cuts. Yesterday, the top corporate leaders met with the President as well. If you're a conspiracy theorist, you're going bazerk at this point.




In post WWII a group of the wealthiest leaders in the world met at the Bilderberg hotel, which is where the group gets its name. These leaders include old money, new money, corporate leaders including media, and financial leaders. What makes this group such a target for conspiracy theorists is because the group meets in such secret that not even the media covers it. It wasn't until the 1960's that people even knew about it. So, the President meeting with the top corporate leaders means that these CEO's are probably part of the Bilderberg group.



During the Presidential campaign of 2008, then candidate Obama, made a stop in Virginia where the Bilderberg group was having their meeting. The President told the press that he was stepping off for just a minute, then the doors closed and the plane took off. The press was all over this so quick because they've never been snuffed by a Presidential candidate. When the press decided to look into it, they found out that he may have actually attended the Bilderberg group after a meeting at Hillary Clinton's home.



If you listen to Glenn Beck or any Republican they'll call the Unions the enemy of the State. Unions and special interest groups have had more access to the White House than ever before. Unions were the one's backing Obama Care, were able to get partial control of GM, and have raised more money for Obama than any other group, so I'm sure President Obama owes several million dollars worth of favors to the Unions.



I have no fact of corruption from the Bilderberg groups influence on world policy or if they want a new world order or new world government. What I do know is that the amount of secrecy by the group is suspicious along with the fact that the Unions are openly being corrupt. I think that if you were a conspiracy theorist, you'd be thinking it's the end of the world, but they're in the minority. What I do want to do is call attention to the fact that the President of the United States has been meeting with some of the most powerful people in the country. The reason the Tea Party movement took such traction was because they were trying to snuff out the corruption and special interests in Washington, but is the President making these deals behind closed doors. I would love to have been a fly on the wall so I could report to you that all is well and the economy will be in better shape next year, but I can't.

Iminent war with North Korea

The US has finally reached the breaking point to go to war with North Korea. The planning of war with North Korea is already in the works. After the most recent outburst from North Korea, China has asked to resume the 6 party talks. The US has refused to resume these talk, but is instead planning 3 party talks between the US, Japan, and South Korea in Washington. The news reports that these discussions are to be about how to diplomatically handle North Korea, but I wouldn't trust this after the most recent Wikileaks publishing.



History will see that our snubbing China out of these talks could be the diplomatic rift that will ultimately be the cause of China siding with North Korea when we ultimately invade North Korea. China in a way has earned this because they've shown no real interest in halting North Korea's proliferation of nuclear weapons. According to the NY Times North Korea is believed to already be nuclear.

Some things we need to know is that the US will probably realize that China will be brought into this war. The reason why China is satisfied with the status quot is because of our previous history with the Monroe Doctrine, Marshall Plan, and Cold War because North Korea has offered them a buffer from the US. China has also been reported to have changed it's sea borders to push out more into international waters, I would ultimately guess that they want to offer as much of a buffer as possible from Western influence. According to Wikileaks China does support the reunification of Korea where the South controls, but they don't want the US to cross over into the what would be the former North which furthers my argument of China wanting a buffer. Also, depending on what you read, China see's the US as positioning itself to invade China later on.


Considering Wikileaks has provided documentation stating the North Korea is a target and that the Bush Administration labeled North Korea as the Axis of Evil, we shouldn't expect anything less than war plans being drawn up with the 3 party talks in Washington. One thing that President Obama said during his campaign is that he didn't believe that the US should be the world police and that he wanted to get out of Iraq and Afghanistan, I don't think that's what he's going to do. I don't think that South Korea or Japan will let the Obama get away with just diplomatic sanctions on North Korea because they are the ones on the front line. South Korea's politicians are under the gun to do something about North Korea and as a representative government they will follow the will of the people. Japan was allowed to militarize under the Bush Administration, probably because both parties knew we couldn't defend Japan, and the US will capitalize on this by trying to use Japan as a pawn.


The thing the 3 parties don't realize is that North Korea and China are both prepared for war. I think that if there is any posturing other than the recent war games, China and North Korea will put themselves on alert. The thing that people don't realize is that the US and China are using the Korea's as pawns themselves. Putting it bluntly, both sides are egging eachother on using their influence with both sides. China is allowing North Korea to run rogue because it suits their interests with North Korea being a buffer zone and also they know the US will be eventually forced to attack. The US is using things like war games in South Korea to provoke the North Korean's into war. If the US attacks first, they will lose diplomatic advantage and China will be forced to side with North Korea, but if North Korea attacks first, it will make it harder for China to back North Korea and the global community will rally behind the South and US.


As long as North Korea doesn't do any more attacks the US will use the most recent events to say this was a level headed decision in the 3 party talks and that North Korea is an aggressive nation and needs to be taken down swiftly with military force. If North Korea decides they want to agitate more, it will be a big blunder which will end up with all 3 nations being able to act quickly. Either way, there will be war in the next few weeks to months over North Korea, they just may have to wait for the next North Korean agitation.


Eastern philosophy teaches things like honor, restraint, and integrity. There is no doubt in my mind because of the culture that China will back North Korea no matter what, the question is how hard to we make it. There is also no doubt in my mind that this will be the cause of WWIII, it's just deciding the specific event that leads to war. Before we get so hasty to go to war we should really think about the consequences of our actions. If you read my previous article on Wikileaks you will see the quotes of our Founding Fathers regarding diplomacy. This is a regional war, not a global war. We should support the South Koreans and the Japanese, but if we stay out of it I would be willing to bet so would the Chinese. If we leave this alone and allow the regional parties involved to sort this out, we could avoid WWIII, but the thing is we wont. I think the best thing to do is to support the South and Japan in what they decide to do and tell China if they get involved we'll get involved and this could go away with a victory for China and the US because both want reunification of the Korea's.
 
Sources:
 
http://www.koreaherald.com/national/Detail.jsp?newsMLId=20101201000879
http://www.youtube.com/watch?v=r5-LTlwjqEU&feature=player_embedded
http://www.independent.co.uk/news/world/asia/expats-recalled-as-north-korea-prepares-for-war-2145018.html
http://au.news.yahoo.com/queensland/a/-/world/8434486/us-s-korea-end-war-games/
http://topics.nytimes.com/top/news/international/countriesandterritories/northkorea/index.html?inline=nyt-geo
http://www.nytimes.com/2010/11/30/world/asia/30korea.html?pagewanted=1
http://www.nytimes.com/2010/12/02/world/asia/02korea.html?_r=1&ref=global-home
http://hoangtran204.wordpress.com/2010/08/10/looking-for-a-sea-change/
http://hegrins.blogspot.com/2010/11/positive-side-of-wikileaks.html

Future of America

I have been hearing from many different news sources and reporters about the imminent collapse of the US dollar, some have even talked about this being the gateway to global governance. Through listening to people like Peter Schiff and Bob Chapman, I think I've figured out how this will all take place. Please take into account the current news of the day. To start off, let's get an idea of who is involved.


Peter Schiff has been on record on MSNBC, FNC, and many other accredited news organizations stating that he believes the dollars collapse is inevitable because of our high debt and weak economy. Peter Schiff has been credited with predicting the housing crash and also the Wall-Street crash. He's even written books on how to survive the collapse of the dollar. He's also been on record stating that hyperinflation is on its way and we need to start getting prepared.

Bob Chapman has been on record saying that he has friends who attend the Federal Reserve Board meetings. It is said that the Federal Reserve has come to the point where they are going to devalue the dollar into oblivion and bring about a new dollar backed by gold. He has also said that the US could very well still remain the global exchange currency as long as we still have the gold reserves we say we do. The only bad part is that anyone holding onto the current US dollar will be left with worthless pieces of paper.

The UN was originally set up as a debating society, but has known aspirations to become a one world government. Although the UN is just a debating society according to its charters and not allowed to have a military arm, but if you look at the NATO charter it states that NATO can only perform military operations under the direction of the UN. The IMF, which is also another arm of the UN, has called for a new global currency, not to mention the top 3 exchange currencies in order are the US dollar, Euro, and the Chinese Yuan.

For years Congress has regulated business and created laws for citizens to abide by. What first started out as good intentions ended up eventually being hijacked by some of the most crooked and powerful people. Through regulation corporate lobbyists are able to slip things into legislation in order to stamp out their competition. Some companies have even gone as far, like with the TSA scanners, to take advantage of situations in order to enrich themselves through association with members of Congress. This has eventually led the US down the road to becoming a police state, although the original intention was good in nature.

This last weekend the Irish accepted a bailout from other participating Euro countries. Right now the Euro is in trouble with Greece, Irish, Spain, and Portugal being bailed out or on the verge of being bailed out, the Euro risks collapse which would move the Chinese Yuan to the number 2 spot in the IMF. Along with the imminent financial collapse of the Euro, the UK, Greece, and France are experiencing riots and civil unrest.

So, what happens and how does this all fit together and what does this mean? Once the Euro and US dollar collapses, there is a small window of opportunity. During this time I would expect there to be a lot of civil unrest. A lot of this will be because of the tightening of the deficit belt around the world, but there will be a lot of this type of activity on the news.


I would believe that the civil unrest would have an effect on commerce because, if big enough, it could halt businesses from functioning. This in turn will cause a deeper recession or spark a new recession on the country if it is in recovery mode. The countries with civil unrest will then collapse which will open the door to a global currency.

Once a global currency is introduced by the IMF or UN, or even the US depending on who's in power, there will be a call for a global government in order to ensure stability. I would hope that many here in the US would oppose it. If the US would oppose it, certain global corperations would encourage Congress under the table to accept a global currency even if it brings a global government because it would be in the corperations best interest. I think the most important thing to highlight here is that every country has its own regulations and currencies. With all these differences it would be either in their best interest to have 1 set of rules or at least it would be an appealing idea. Good intentions will be met with dire consequences.



Depending on how bad the civil unrest the global currency might be a little farther out if there are wars caused over the rioting. This would actually be in the best interest of at least the US if not the world because as long as the world is in war, we could possibly rebuild ourselves during this which would prevent a global currency. The thing that could happen though is during the civil unrest in the US it could lead to a civil war which would take us away from any participation in any global war. Think along the lines of Russia during WWI.

If there is no global war before a global currency is instituted, there would also be an opportunity to still have a global war, but it would be more like a civil war. The chances of those fighting against a global government and winning would be slim to none. I would think the worst part is that NATO will be the one used to enforce the new global government which is comprised mainly of US troops.

The worst part of this whole scenario is that it is so far along that there is really no stopping it. I hope this isn't what happens, but from a logical point of view, it's the only thing that makes sense. There have been many people being out in the open about their intentions and we've either ignored them or thought they were just kidding. Considering even the experts who aren't afraid of telling people what they see are the only ones being ignored while we wander aimlessly through our lives. As President Obama says, “We as American's need to get used to living with less”.

Sources:

http://www.guardian.co.uk/world/2010/nov/20/eric-cantona-bank-protest-campaign
http://www.dailymail.co.uk/news/article-1331518/William-Hague-doubts-euro-survive-Irish-debt-crisis.html
http://dailybail.com/home/real-ira-threatens-to-blow-up-bankers-explosive.html?ref=nf
http://www.youtube.com/watch?v=IHadp7GXSdk&feature=related
http://www.youtube.com/watch?v=IHadp7GXSdk
http://theinternationalforecaster.com/bob_chapman
http://theinternationalforecaster.com/International_Forecaster_Weekly/Keynsianism_Fallen_Upon_Hard_Times
http://www.govtrack.us/congress/bill.xpd?bill=h111-3808
http://www.bloomberg.com/news/2010-11-18/dollar-to-become-world-s-weakest-currency-drop-to-75-yen-jpmorgan-says.html
http://www.bloomberg.com/video/64550434/