When it comes to assets, economists, Wall Street, and central planners love them all… except one: gold. Forget about Bernanke’s hilarious sworn testimony that gold has “value only due to tradition”, and recall Mario Draghi’s QE announcement in December 2014 when asked what sorts of assets should be included in QE, his response: “we discussed all assets BUT gold.” Well of course the ECB will never buy gold – by its very nature, the precious metal stands for everything the legacy insolvent regime patched together with the superglue of money printing central-bankers, hates: prudent use of money and leverage, living … Continue reading

100 percent-reserve banking is being introduced through the backdoor by U.S. regulators who remain queasy about banks runs in a future crisis.  Under rules instituted in September 2014 by the Fed and other financial regulators, banks are mandated to hold only high-grade liquid assets against risky large demand deposits in order to cover estimated deposit losses for 30 days.  These so-called “hot-money deposits” are those that are most likely to be suddenly withdrawn at the onset of a crisis. The required backing assets consist of  bank reserves held at the Fed and short-term U.S. government securities. The new rules require banks to hold up to 40 percent reserves–versus the standard 10 percent–against certain corporate … Continue reading

A revolution is going on in this country. It can be read in the marked changes during the succession of weekly Saturday Manhattan Dialog meetings with Lyndon LaRouche, which are in fact the spearhead for the whole thing, as LaRouche first set this out just one year ago, when he began the Manhattan process. Last Saturday’s (Oct 17) meeting showed an unprecedented level of intellectual aggressivity among virtually all of the Manhattan speakers. Now, the first, initial reports from Wednesday’s Day of Action into Washington, DC, show that constituents and activists from up and down the East Coast, are joining into LaRouchePAC delegations to Congress in greater numbers, and that constituents who stay at home, are putting greater-than-ever pressure by telephone to demand Obama’s removal from office, and to demand that the US Government shut down Wall Street.

Much more important: most of the activists who came to Washington, participated actively in educating their Congressmen,— AND they did it effectively.

A major trigger in pushing this revolution forward, was the fraudulent so-called Democratic “debate” of Oct 13, coupled with LaRouche’s immediate, on-the-spot denunciation of it,— which in fact even preceded the debate itself. As LaRouche noted in a statement of Oct 20, he became an overnight popular hero, as it were, for promptly denouncing this so-called debate as a stinking farce and a fraud. This whole process,— the so-called debate and LaRouche’s immediate and deadly-accurate response,— triggered a sort of self-realization among many Americans, who suddenly grasped that the ever-sinking level of intellect and morality demonstrated by the “practical” man-in-the-street, and his news and entertainment media, lead nowhere but to death. That the completely opposite standard long championed by LaRouche was really their only salvation,— as it is.

Today, during the course of Hillary Clinton’s testimony to the House Benghazi Committee, several of the lines of questioning Clinton, echoed precisely what LaRouche has said. She was exposed as having herself understood and written that the attack on the Benghazi mission was an al-Qaeda terrorist mission, while publicly maintaining the lie that it stemmed from a protest against a video. “I think you knew the truth,” said Rep. Jordan of Ohio.

She was confronted with the fact that a US official met with a local al-Qaeda leader (from Ansar al-Sharia which was supposedly providing security to the US mission) shortly before the attack.

The closest that anyone came to confronting Hillary directly with her going along with Obama’s order to lie, as documented by Ed Klein in Blood Feud and confirmed and amplified by LaRouche, was a Congresswoman who asked Hillary whether she had spoken to Obama on the evening of the attack. Hillary confirmed that she had, but refused to answer the subsequent question, “What did he say to you?”

This confirms what LaRouche has said,— this will further the revolution underway in the US.

Meanwhile, as LaRouche has also said, the actually leading members of Barack Obama’s Administration are working around him, effectively ignoring him in order to prevent the war which Obama has tried to launch. Secretary Kerry is meeting, Friday, on Syria, with Russian Foreign Minister Lavrov and the Turkish and Saudi Foreign Ministers. Today, Putin addressed the Valdai Discussion Group in Sochi, Russia, sitting at the podium with former US Ambassador to Moscow Jack Matlock, Speaker of the Iranian Majlis Ali Larijani, and former Czech President Vaclav Klaus. There is reason to link these two developments.

Now Obama can be removed, and he must be removed.

In his Oct 20 statement, LaRouche said, “The simple truth is that an honest appraisal of the disastrous collapse of real productivity in the US economy is that a large and growing majority of our fellow citizens are facing job loss, starvation, collapse of genuine health care services, the destruction of the educational system and an overall disintegration of basic infrastructure.”

Recent statistics reported by the Social Security Administration, show that while the federal poverty level for a family of five is $28,410, yet almost 40% of all American workers do not even bring in $20,000 a year. There are 7.9 million working-age Americans who are “officially unemployed,” and another 94.7 million considered not to be in the labor force, as we have reported—combine the two and you get 102.6 million working-age Americans who have no jobs. “As a nation, we are flat broke, and most of us are living paycheck to paycheck,” wrote a contributor to the Zero Hedge website. It is estimated to cost $50,000 per year to support a middle-class family of four, yet 71% of all workers make less than that, making it impossible for a family to survive with just one breadwinner.

LaRouche called for shutting down Wall Street under Glass-Steagall, and emission of “Federal credit to revive the productive economy, through capital investment in infrastructure and other vital programs.”

At the same time, in his Valdai speech today,— appropriately in the context of the (Obama) war policy which he was denouncing,— Putin referred to the refugee crisis in Europe, saying, “Unfortunately, we hear the words war and conflict ever more frequently when talking about relations between people of different cultures, religions and ethnicity. Today hundreds of thousands of migrants are trying to integrate into a different society without a profession and without any knowledge of the language, traditions and culture of the countries they are moving to.”

The only answer has been given by Helga Zepp-LaRouche, as in her Sept 22 statement, “Only a Fundamental Reversal of Economic Policy Can Solve the Refugee Crisis.” She opened it with the stirring words, “In these stormy days in world politics there are two fundamentally different types of political and financial policy leaders: those guided by an optimistic image of man, who put forward a clear vision for the future of mankind, and those whose small-mindedness leaves no room for any image of man. Looking backward, they seek only to defend their power and evil deeds of the past—even though they are no longer defensible. In the dramatic changes of the coming weeks, we will only be able to solve the problems confronting us if we succeed in winning the European nations and the United States to the new paradigm represented by the economic policy of the BRICS states and the ‘win-win’ perspective of China’s New Silk Road.”

Guest Column from Vladimir Putin, President of Russia At the final plenary session of the 12th Annual Meeting of the Valdai International Discussion Club on October 22, Russia’s President Vladimir Putin said that Washington relies not on diplomacy, discussion, and compromise, but on lies and coercion and treats its allies not as allies but as…

The post Guest Column from Vladimir Putin, President of Russia appeared first on PaulCraigRoberts.org.

“Not only is the federal government threatening the health care needs of millions of Texans, but it is doing so using Texans’ own money…”

Webster G. Tarpley, Ph.D. TARPLEY.net October 22, 2015 Full Text Of Paper Available Online (starting on page 147) Unable to display PDFClick here to download

Jesse Benton cleared of final charge in trial meant to hurt Rand Paul’s presidential campaign.

The Fate of Children in the Amerian Police State John Whitehead in the article below points out that American public schools are like prisons. The wardens of the schools focus on punishment and ruining the lives of children, not on education. Parents who can afford it put their children in private schools, and those who…

The post The Fate of Children in the Amerian Police State appeared first on PaulCraigRoberts.org.

“I hope that you get into a car accident and have to be saved by black paramedics”.

Paul Joseph Watson | “I hope that you get into a car accident and have to be saved by black paramedics”.

Mikael Thalen | “Why play with words dividing terrorists into moderate and not moderate. What’s the difference?”