Author: Alicia

Tuesday, at a press conference, a spokesman for the Chinese Foreign Ministry debunked the claims of the New York Times that the New Silk Road initiative is causing “geopolitical” strains among Asian countries.

Last Saturday, the New York Times ran an article castigating the intentions behind China’s launching the Belt and Road Initiative, with the headline, “China Plans a New Silk Road, but Trade Partners Are Wary.” Monday, the Washington Post followed with article in a similar vein, focusing on China’s increased cooperation with Kazakhstan, muscling out Russia.

A reporter at the press conference noted, “An article published in the New York Times said that China’s Belt and Road Initiative is causing geopolitical strains, with some countries increasingly worried about becoming too dependent on China.”

The Foreign Ministry spokesman replied:

We, the American citizenry, must make something happen, that currently seems impossible. President Barack Obama and the entire U.S. Congress have betrayed you, the American people, by refusing, out of cowardice, to take the necessary emergency actions to prevent the greatest financial and economic crash–far worse than 1929 and 2008–from happening in the hours and days just ahead. Unless you, the American people, stand up and demand immediate action, the nation and much of mankind is facing catastrophe at the start of the New Year.

Find out what you can do to mobilize.

Argentina’s London-owned President Mauricio Macri has moved with lightning speed since his Dec. 10 inauguration to again place his country under the thumb of the British Queen and her puppet, Barack Obama.

According to the Dec. 27 daily Clarín, itself a City of London asset, during a Dec. 21 meeting with Christine McDivitt, widow of the recently-deceased American environmentalist Douglas Tomkins, and with Sofia Heinonen, head of Tomkins’ Conservation Land Trust, Macri said he would try to stop the construction of the giant Kirchner-Cepernic hydroelectric complex in Santa Cruz province. In 2014, former President Cristina Fernández de Kirchner and Chinese President Xi Jinping signed an agreement to build the project, construction of which has already begun, financed by the China Development Bank Corp., Industrial and Commercial Bank of China, and Bank of China Ltd.

The hydroelectric project was one of several that Cristina Fernández signed with BRICS member China, enraging London-controlled environmentalist and depopulation fanatics. Now, Macri has surrounded himself with exactly this crowd. In a speech to businessmen two weeks ago, Clarín reports, Macri vowed he would be “implacable with those who don’t care for the environment.” Present at the Dec. 21 meeting was his Environment Minister Sergio Bergman, who has stated that Pope Francis’ Laudate Si’ encyclical will guide his environmentalist activities. Bergman has named several environmentalists to posts in his ministry, including the head of the World Wide Fund for Nature’s (WWF) local branch, Fundación Vida Silvestre.

McDivitt and Heinonen reportedly told Macri that the hydroelectric dams were an “aberration,” would cause irreparable environmental harm, and that they thought there were cleaner, more efficient and less harmful ways to produce energy. It was at this point that, according to Bergman’s own report, Macri said “we’re going to try to stop them.” Nor is this project the only one he’ll try to stop. According to Diego Guelar, Argentina’s new ambassador to China, there will have to be a review of all the agreements signed with China, as they all “lack transparency.”

As the deadline for Puerto Rico’s $1 billion debt payment approaches—they have until midnight Jan. 4 to pay, as Jan. 1 is a bank holiday—the island government is desperately scrambling to come up with funds to pay something.

On Dec. 1, Governor Alejandro García Padilla activated what is known as the clawback clause, allowing the government to commandeer funds from other indebted government agencies, to put into its own coffers for “repurposing,” as the Governor put it. This is exactly what happened in Greece when it was attempting to come up with debt payments to the IMF.

García said that funds obtained in this way would be used to cover unspecified “essential services,” as well as debt payments. Payment of General Obligation (GO) bonds are a priority, as these carry a constitutional guarantee of repayment. The Highway Authority and the Infrastructure Financing Authority, two agencies affected by the clawback policy, say they will dig into “reserve” funds to meet their interest payments; but what happens on Jan. 4 is anybody’s guess.

These are desperate financial gymnastics, trying to squeeze out something to pay the unpayable—as Greece did, at the expense of its population. A case in point is the scheme for a “superbond,” which according to Melba Acosta, head of the Government Development Bank (BGF), will be proposed to bondholders before Dec. 31. A mid-October article in the Wall Street Journal reports this is a plan by which the U.S. Treasury or a designated third party would manage an account holding a portion of Puerto Rico’s dwindling tax revenues—effectively seizing them—and then using them to pay holders of the superbond, those bondholders who would presumably be willing to take some kind of haircut. This is nothing more than a fascist financial control board, similar to the Big MAC scheme which imposed brutal austerity on New York City in the 1970s. The impoverished Puerto Rican population would bear the cost.

Europe’s major banks are desperately trying to stay on their feet long enough to be saved by their Jan. 1, 2016 bail-in thievery. According to a Dec. 22 Reuters report, Europe’s big banks have slashed 130,000 jobs between June and December 2015, compared to 78,000 lost over 2013 and 2014 combined, as they try to cut costs and pull out of markets to not have to report their utter bankruptcy. The banks involved include Deutsche Bank, Unicredit, Credit Suisse, HSBC, Standard Chartered, BNP Paribas, Barclays, and now Rabobank.

Speaking for the City of London, the Dec. 27 Financial Times has an editorial praising “the launch of the EU’s so-called single resolution mechanism” (i.e., bail-in) as of Jan. 1, 2016, on top of the earlier “significant expansion of the ECB’s powers in November 2014.” But that is not enough, they instruct: “A third, more politically sensitive step towards a complete banking union is necessary in order to minimize the risk that fresh crises will erupt in the future and, if they do, to limit the consequences”… for the bankers, of course. This means creating a “common deposit insurance,” which Germany is especially opposed to, since they know it means they will have to pick up the tab for everybody else. But, the Times concludes, until that is done “the Eurozone will remain vulnerable to financial shocks and contagion for which, one day, it may pay a far higher price.”

Get the definitive story on Dodd-Frank’s “Bail-In strategy.”

Nor is it only the citizens of all of Europe whose lives will be sacrificed to bail-in the European banks: Americans are also required to be slaughtered for that goal, as per the dictates of Dodd-Frank and the Financial Stability Board (FSB), a supranational body established at the April 2009 G20 summit in London, the first summit attended by the newly-elected President Barack Obama. As we have reported in the past, an October 2011 FSB document on “cross-border resolution” states in Section 7.3:

“The resolution authority should have resolution powers over local branches of foreign firms and the capacity to use its powers either to support a resolution carried out by a foreign home authority (for example, by ordering a transfer of property located in its jurisdiction to a bridge institution established by the foreign home authority) or, in exceptional cases, to take measures on its own initiative where the home jurisdiction is not taking action or acts in a manner that does not take sufficient account of the need to preserve the local jurisdiction’s financial stability.”

But when all is said and done, the purported idea behind the bail-in policy is patently absurd, even on its own terms, and cannot possibly work. The starting premise of both Dodd-Frank and the EU’s new regulations is that derivatives are not subject to bail-in.  In other words, 99% of all financial assets are protected and excluded from bail-in provisions, and are supposedly going to be kept afloat by the other 1%, which are subject to bail-in. EIR has estimated that cumulative international bail-out and bail-in combined from 2008-2014 amounted to a mere $20 trillion—i.e., about 1% of the total $2 quadrillion in global financial assets. So for anyone willing to look at it, the clear intent of bail-in is not to actually keep the bubble intact, but to kill off billions of people as per the British Empire’s stated policy.

Lyndon and Helga LaRouche were interviewed on Dec. 27th by China Radio International on the occasion of the launching of the AIIB. Replying to a question on the AIIB and the decision to use the dollar for their first loans, LaRouche said that the dollar was in a rapid state of collapse because of the collapse of the U.S. economy, while China and the renminbi (RMB) were on the way up.  With all its problems, the Chinese economy is moving forward, he said, while the U.S. economy is collapsing. The danger, he noted, was that the U.S. under the British-dominated Obama Administration, may try to launch nuclear war to prevent these positive developments from moving forward.

Helga LaRouche noted that the direction the U.S. would take in the coming year would be absolutely critical. “From the beginning, President Xi Jinping has invited the United States to collaborate in this project, and it continues to remain open to all,” she said. The United States could respond in an imperial fashion and try to sabotage these positive developments and the new directionality in economic thought represented by the AIIB and the New Development Bank, she said. Or, the U.S. could take the real interests of the American people to heart and respond positively to this new economic order by joining the AIIB and collaborating with China and its partners in developing the world economy.

Below is an excerpt from the report’s introduction, “The United States Can Stop Killing and Dying, and Start Building Again.” An electronic version of the report will be available soon.

We must build the future—we must build tens of thousands of miles of high-speed rail corridors; nuclear power development leading into the era of fusion; the construction of hundreds of new Renaissance cities across the country; controlling rainfall based on insights gained from the Galaxy; space exploration and research; and so on. And all of this must be done in tight coordination with the BRICS and allied nations, led by China and Russia, who are already engaged in such a process of building a New Silk Road, and turning it into the World Land-Bridge.

The United States has to join this effort, not only in its international dimension, but also to extend it into the U.S. itself, both economically and culturally. It is the only way to create a future for our youth, to give them back a sense of hope and mission which is their birthright.

The New Silk Road, the inland and maritime corridors of infrastructure development being built across Eurasia, offers a reversal of the collapse now underway. The international development banks which have been formed by the BRICS nations are potential new sources of credit for serious, modern infrastructure building in North America, for the first time in half a century. A highspeed rail corridor coming across the Bering Strait by tunnel and down through Alaska and Canada into the Western United States, and beyond into Central and South America, offers America’s first connection to the New Silk Road pioneered by China. A new United States National Bank which Congress can organize for productive projects, will provide America’s connection to the new international credit institutions, which will issue credit for development and banish the hated austerity conditionalities which are the hallmark of the IMF system.

But many Americans are so deeply infected with the bacillus of pessimism and despair, that they will respond to such an optimistic vision of the future with a shrug: “Yeah, yeah. That’s nice. But it’ll never happen. It can’t be done. Get real.”

Very well. Here’s real: China has lifted 600 million people out of poverty over the last 30 years. They have built 11,000 miles of high-speed rail lines in scarcely a decade, and they are planning to have triple that amount by 2020. The U.S., by comparison, has a grand total of 456 miles of high-speed rail lines—and even that’s stretching the definition of high-speed to the limit. Besides its national high-speed rail grid, China is developing an indigenous nuclear power industry, aerospace industry, fusion power research, and it has what is becoming the leading lunar and space exploration program internationally.

China is also the nation whose national banks have provided most of the productive credit to keep the world’s industry going since the 2008 Wall Street crash, while the U.S. Federal Reserve and its international partners in crime have done nothing but provide trillions in quantitative easing to bail out the bankrupt banks, while destroying the physical economy.

Going beyond that, through the Asian Infrastructure Investment Bank (AIIB) and the whole series of New Silk Road development banks and funds, China has begun to build new economic development corridors beyond its borders, across Eurasia by both land and sea, and in areas of Africa. It is ready to participate in building those corridors into North America, and in the United States. At the APEC meeting in Beijing in November 2014, Chinese President Xi Jinping, with President Obama standing at his side, formally invited the United States to leave confrontational geopolitics aside, and join the BRICS and allied nations in these endeavors, on a win-win basis.

Don’t expect Obama to take up that offer, however. He won’t. But the United States can and should—starting by removing Barack Obama from the White House by Constitutional means, and adopting the Hamiltonian development and credit policies which Lyndon LaRouche has championed for decades.

Americans can stop dying and killing themselves with “the disease of hopelessness” which has grown from our country’s collapse as an industrial nation. We must start building again; building our parts of the “world landbridge” of infrastructure development, to replace the onrushing New Dark Age with a new Golden Renaissance.

See attached for a high quality, large PDF of the report, for a smaller size version, see here.

The Royal Bank of Scotland (RBS) will reportedly soon announce it will be cutting many thousands of jobs amid financial losses of tens of billions. The majority government- owned bank was recently so highly leveraged that, though essentially worthless, its  nominal capital value was greater than the world’s greatest corporations.

The blunt report on the RBS appears on the Advice page of the website for the Shepherds Friendly Society Ltd, a very old and respectable UK mutual insurance company, as follows:

“It has been revealed that [the] Royal Bank of Scotland is set to announce one of the most severe cost-cutting exercises in the history of the UK banking sector. If the rumours are correct, this week could see between 10,000 and 20,000 job cuts at Royal Bank of Scotland, which would decimate the workforce. The company is set to announce losses rumoured to be approaching £30 billion after severe write-downs on its loan book and a marked constriction of its business activities.”

“… As we see tens of thousands of job cuts announced by [rbs] and the other leading UK banks, many people are starting to wonder how business could collapse in such a short space of time and affect so many people.

“Unfortunately, this is the world we live in today, a world where the economy of the UK is under severe threat and on the verge of a possible depression if rescue packages and stimulus programs do not kick in very soon. While mention of the `D’ word has effectively been banned by the authorities, more and more analysts are starting to look at the comparisons between now and the 1930s (the great U.S. [sic] depression).”

Bloomberg News had reported November 12, that RBS plans to “eliminate [up to 14,000] jobs at its corporate and institutional bank … and exit [from 25] countries worldwide to cut annual costs [by about 80%] to between 700 million pounds and 800 million pounds … from 3.6 billion pounds….” But that earlier Bloomberg report claimed the RBS cut would occur gradually, over three years, and was designed to “return the bank to profit.” The financial weather has turned black since then.

Deutsche Bank—in reality a British bank, essentially UK-based—is pulling out of 10 countries and laying off 26,000 employees. Deutsche Bank shares hit a four-year low on Dec. 14, and the total monetary worth of its stock shares has recently plummeted, as have those of Standard Chartered Bank and Credit Suisse.

Obama has launched a plan for the mass murder of the U.S. population beginning now.  Only fools will ignore the immediacy of the threat to the lives of Americans (and others).  This is not something about to happen,— it has already happened!

When Wall Street blows out again immediately after January 1, as is now in process, banks will seize their depositors’ money under the “bail-in” provisions of the 2010 Dodd-Frank Act.  At that same instant, a new Obama bailout will run head-on into the default of two quadrillion dollars of worldwide derivatives. Economic activity will screech to a halt.  Few if any of you will have secure access to food or medicine.

What are you doing,— just waiting around to die?  This murderer Obama is going to get you killed if he is allowed to continue just mere days longer.  Behind him is the bloodlust of the British Monarchy of Queen Elizabeth who put Obama in power and controls him through Valerie Jarrett.  With them is Pope Francis, who has bought into the British Royals’ genocide plan.

Congress by what it’s done has taken a stand for the mass murder of Americans,— by leaving town until the new year with Wall Street running riot and with Dodd-Frank in place, and by leaving Obama in office.  Anyone who tells you, “maybe we should wait,” is leading you to your death.  Stand up now, at last, or lose your chance forever!

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