Author: Alicia

The mega-financial blowout which is now scheduled immediately after New Years Day promises an almost-instant shutdown of the economies of the US, Western Europe, and most of Central and South America. It will be immeasurably worse than that of 2008 or 1929.

The most recent case which compares with the disaster we face over the coming few days, is Europe’s catastrophe of the Fourteenth Century.  Then as now, a long-term rotting-out of culture prepared the way for a series of savage, anti-human acts by actually Satanic rulers which suddenly precipitated the collapse of society and mass death.  Amidst perpetual warfare, a series of famines early in the century helped to prepare the way for the evil which followed.  In 1344, the Lombard banking houses of the Bardi and Peruzzi declared bankruptcy, whereupon the Venetian banking network closed down the entire economic system of Europe, forcing conditions which further decimated the populations’ resistance to disease.  The Black Death (bubonic plague) struck in 1347.  Its successive waves are estimated to have killed off 60% of Europe’s population.

And now, today, in the aftermath of the vast cultural downslide called the Twentieth Century, three Satanic rulers are leading us to our immediate destruction: Queen Elizabeth, Barack Obama, and Pope Francis.

The Queen-Empress Elizabeth II is a far more knowingly evil figure than her ancestor George III who murdered our patriots over two hundred years ago.  She represents the British Empire of the Twentieth Century, of the Lord Bertrand Russell who legislated an end to science and art in favor of dead mathematics.  Like Russell, she and her husband advocate worldwide savage population-reduction, by whatever means.  That was the not-so-secret agenda of her just-concluded Paris conference on supposed man-made climate change.

The Satanism of Queen Elizabeth and her like is their drive to extinguish the “divine spark” in man,— that which makes man “the living image of God.”  In other words, humanity.

It should make every Catholic ashamed,— indeed, every Christian,— that Pope Francis adopted the anti-human credo of the British Empire in his insane, raving so-called Encyclical “Laudato Si’.”  He has fought for it ever since. Whatever his reasons, he has disqualified himself as Pope, even as a simple priest.

Our so-called President Barack Obama is a puppet of this Queen-Empress, controlled by the British Monarchy through Valerie Jarrett, who was the one who tapped him to be President in the first place, when he was an obscure State Senator.  It was British-monarchy controlled drug money which gave Obama a crooked victory over popular favorite Hillary Clinton in the 2008 Democratic Primaries.  (Unfortunately, Hillary has destroyed all her own qualifications since becoming Obama’s puppet after his election.)

Obama was trained to be a mass-murderer by his Indonesian stepfather Lolo Soetoro.  Now, every Tuesday, he presides over a White House meeting to decide on a new list of people to murder,— including American citizens.  The reason that the major press gives him a free pass,— such as the New York Times and the Wall Street Journal,— is that they’re afraid he’ll murder them too.  He probably will.

Congressmen share the same, justified, fear,— but they have no excuse.  The oath they took to the Constitution is a soldier’s oath.  If they will not immediately remove Obama and shut down Wall Street, they are not real Congressmen at all.

In short, your leaders have sold you out to the Devil.  Your Congressmen have sold you out, in the best cases, out of fear. But the solutions which Franklin Roosevelt applied in 1932-33, in a far milder crisis, are still available today.  Only a child would talk about the “odds;” obviously the odds are against us. So what?

Credit markets took another small step toward their coming blowout when the Financial Times reported Monday (based on Merrill Lynch data), that the waves of withdrawals of assets from junk-debt (or “high-yield”) funds has now triggered a first wave of withdrawals from funds in the investment grade corporate bond markets. In the second week of an approximately $8 trillion outflow from junk, with three funds gone bankrupt and others on the edge, there was a $5.1 billion pullout from investment-grade corporate bond funds in the week ending Wednesday Dec. 16. The total $15.1 billion outflow from all kinds of taxable bond funds was called the biggest since a firm called Lipper began tracking this in 1992. Manifestly, that money was not going into stock markets, but into sell-offs of “good” assets to pay for losses on “bad” ones.

Debt bubbles and crises in these markets do not become crashes until they have pulled down the underlying economy into contraction. The oil price plunge, though triggered by Saudi power plays 16-18 months ago, has become a 70% drop because of continuously declining economic activity and global demand for fossil fuels, as well as many other industrial commodities. Now recession is biting including in the “recovering” U.S. economy.

The Commerce Department reported Dec. 18 that total U.S. business sales are set to decline by approximately 4% in 2015 vs. 2014. This is a purely recessionary development; associated with it is a very high inventory/sales ratio of 1:4, which has shown up even in auto, which has been the lone champion until now. And the Chicago Federal Reserve economic activity survey — this is the major regional survey, known as the Chicago Fed National Activity Index — showed economic contraction for the fourth straight month in November at -3.

Total U.S. industrial production in November was 1.3% lower than one year earlier, data that the Federal Reserve released literally in the same afternoon it announced raising interest rates. Auto assembly, the “recovery leader,” is still growing very slowly, but going into dealer inventories which have returned to 2008 pre-crash levels. In the large Canadian part of the auto industry, however, outright decline is underway. The Canadian government announced wholesale trade in motor vehicles and parts dropped (by 2.1%) for the fourth straight month in November; overall wholesale trade in Canada fell as well, by 0.6%, and this too was the fourth straight month of declines. Canada’s economy is officially in recession.

There are also sharp devaluations in the oil price collapse. The Canadian dollar fell to 1.42/dollar, a 22-year low. The Province of Alberta lost its AAA credit rating, being downgraded by Moody’s yesterday. The Kazakhstan currency fell by nearly 50% against the dollar after being floated! The ruble is again in the 70s/dollar range, although Russian oil production and sales are at or near record levels. 

For the second time this year, veteran journalist Seymour Hersh has delivered a deadly blow to Obama in a nearly 7,000-word article published Sunday in the London Review of Books (LRB) (issue date, January 7, 2016) called “Military to Military.” Or—how the Joint Chiefs of Staff (JCS) saved the United States from a confrontation with Russia that would have installed the British-Saudi-created ISIS in power in Syria. Key to the war avoidance operations was Gen. Martin Dempsey, then head of the JCS, who retired in September 2013.  But, since Dempsey’s retirement, the “military’s indirect pathway to Assad disappeared,” and now Obama has “a more compliant Pentagon.” However, the British, Saudi, Turkish help for the jihadi killers still continues, Hersh says.

Hersh’s information could finish off Obama—if the Congress had the guts to open the file beginning with the 28 pages of the Joint Congressional Inquiry of the 9/11 attacks that show the Saudi hand behind the attack, and to continue with the full public investigation of Obama’s crimes of illegal wars, extra-judicial killings, and creating terrorist armies. The first Hersh article earlier this year got the White House howling because it showed that Obama’s story of the killing Osama Bin Laden was a complete fabrication.

In the latest article, Hersh delivers a devastating dossier on the how the U.S. military circles prevented Obama, the Saudis, Erdogan’s Turkey, and the British from handing Syria over to ISIS.

“Barack Obama’s repeated insistence that Bashar al-Assad must leave office—and that there are moderate rebel groups in Syria capable of defeating him—has in recent years provoked quiet dissent, and even overt opposition, among some of the most senior officers on the Pentagon’s Joint Staff,” the article begins. “Their criticism has focused on what they see as the administration’s fixation on Assad’s primary ally, Vladimir Putin.” Hersh cites a highly classified document from the summer of 2013, produced by the Defense Intelligence Agency (DIA) and JCS; interviews a former adviser to the JCS, and reports extensive comments from interviews with an adviser to the Kremlin on the Middle East.

“The military’s resistance dates back to the summer of 2013, when a highly classified assessment, put together by the DIA and the Joint Chiefs of Staff, then led by General Martin Dempsey, forecast that the fall of the Assad regime would lead to chaos and, potentially, to Syria’s takeover by jihadi extremists, much as was then happening in Libya. A former senior adviser to the Joint Chiefs told me that the document was an ‘all-source’ appraisal, drawing on information from signals, satellite, and human intelligence, and took a dim view of the Obama administration’s insistence on continuing to finance and arm the so-called moderate rebel groups. By then, the CIA had been conspiring for more than a year with allies in the UK, Saudi Arabia, and Qatar to ship guns and goods—to be used for the overthrow of Assad—from Libya, via Turkey, into Syria…. The document showed, the adviser said, `The so-called moderates had evaporated and the Free Syrian Army was a rump group stationed at an airbase in Turkey.’ The assessment was bleak: There was no viable moderate opposition to Assad, and the U.S. was arming extremists.”

Hersh interviewed former DIA director, Lt. Gen. Michael Flynn, who confirmed that the DIA “had sent a constant stream of classified warnings to the civilian leadership about the dire consequences of toppling Assad.”

Flynn told him, “If the American public saw the intelligence we were producing daily, at the most sensitive level, they would go ballistic…. We understood ISIS’s long-term strategy and its campaign plans, and we also discussed the fact that Turkey was looking the other way when it came to the growth of the Islamic State inside Syria. The DIA’s reporting, he said, ‘got enormous pushback’ from the Obama administration. ‘I felt that they did not want to hear the truth.’”

As the U.S. intelligence reports mounted, showing the U.S. and its “allies” were arming the jihadis, the U.S. military acted on its own, using military-to-military channels, to provide hard intelligence on jihadi operations to Germany, Russia, and Israel. The military believed that these nations, known to have open channels to Syria, could indirectly ensure delivery of crucial intelligence to defeat the jihadis.  The White House, the military believed, would have blocked any intelligence sharing that would interfere with the regime change agenda, Hersh writes.

Another key source for Hersh’s article is a Kremlin adviser on the Middle East.

Read the full article here.

Although it is hardly a torrent, there is growing coverage of the imminent blowout of the financial system, on a scale much greater than 2007-2008.

*  The Daily Telegraph‘s Jeremy Warner, citing the collapse of the junk debt-saddled Third Avenue Focused Credit Fund, warned in a Dec. 16 column that the system is headed for a bigger crash than 2008.  “Are we about to see history repeat itself?  That’s been the question on everybody’s lips since the closure last week—or ‘shuttering,’ to use the technical term—of the Third Avenue Focused Credit Fund, one of a number of funds set up to chase yields in a world of poor to non-existent rates of return. Two other smaller U.S. funds have also since taken action to prevent investors from removing their money.  It’s all eerily reminiscent of the events leading up to the credit crunch of seven years ago. Did we learn nothing from the greatest financial crisis in history; and by treating its symptoms with vast quantities of central bank money printing, did we not merely set ourselves up for the next one?”

Warner cited the concentration of junk debt in the shale oil and gas sector, and cited a recent Standard & Poors forecast of a 50 percent bankruptcy rate for all energy related junk bonds, as evidence that the situation is nearing blowout.  Warner quoted Carl Icahn warning that the corporate distressed debt market is a “keg of dynamite that sooner or later will blow up.”  Warner concluded that “the world economy has never been more awash with debt.  In this sense, the high yield squall may well be a harbinger of much worse to come.”

*  Ambrose Evans-Pritchard warned on Dec. 19 that the global coal sector is also headed for a major crash, as was recently warned of, in a report by the International Energy Agency.  While some of the decline in coal output is driven by China’s energy modernization program, the impact on the financial bubble behind the coal sector is nearing a danger point.

*  Edward Lotterman, a columnist for the Pioneer Press in the Minneapolis-St. Paul area, warned in a Dec. 20 column that the incoming President of the Minneapolis Federal Reserve Bank, Neel Kashkari, is facing a new too-big-to-fail crash.  He ended his analysis by warning, “So despite pious promises from presidential candidates eschewing all future bailouts, we are even more vulnerable to a financial crisis than we were in 2007. We are rim of the abyss on which we teetered just seven years ago.  Few if any politicians are talking about it.”

Sane governments blocked the adoption at the Paris COP21 summit of any legally-binding treaty, but because they failed to reject and denounce the preposterous lie that human activity and carbon dioxide are pollutants driving climate change, the British Royal Family is moving to use the acceptance of the hoax of anthropogenic climate change embodied in the COP21 accord to impose its genocidal plan by other means.

Prince Charles himself revealed one such initiative on the eve of the COP21 summit. At the Commonwealth Summit in Malta on Nov. 27, he announced the so-called “Commonwealth Climate and Law Initiative” (CCLI) as a new means to impose what the Queen’s own Hans Joaquim Schellnhuber cheerfully calls the “induced implosion of the carbon economy.”

The CCLI’s mandate is “to publicize and develop laws,” for starters in Britain, Australia, South Africa, and Canada, under which companies and their directors can be sued for violating restrictions on carbon emissions, opposing the climate-change hoax, failing to report how their financial returns will be hit by environmental costs, etc. Oxford’s University’s Smith School of Enterprise and the Environment (SSEE), one of three agencies forming the CCLI, elaborated these plans:

“Company directors and pension fund trustees, could be held liable for, i) contributing to anthropogenic climate change, ii) not reasonably managing the risks associated with climate change, and/or iii) misleading investors about the business risks of climate change or failing to comply with legal reporting requirements.”

Jessica Fries, executive chairman of Prince Charles’s Accounting for Sustainabilty project, is cited by SSEE threatening pension funds in particular: “Climate change poses significant risks for pension funds and companies… Trustees and company directors need to ensure that they respond appropriately. A proper understanding of the legal and fiduciary responsibilities is key.”

“Accounting for Sustainability,” founded and headed by Prince Charles, leads and is financing the CCLI; Oxford’s SSEE is in charge of profiling for the legal suits and strategies; the lawyers of “ClientEarth” (an environmental hitsquad created by the British rock band, Coldplay) are to prosecute.

New York State’s scandalous prosecution in November of Peabody Energy and Exxon on similar grounds, is being cited as exemplary of the kinds of actions to come. But Prince Charles’s CCLI creates a centralized, international apparatus, under the British Crown directly, to financially bankrupt companies and jail company directors who refuse to go back to the Stone Age.

The Monarchy’s genocidal scheme only functions if its imperial financial system —Wall Street and the City of London— are allowed to exist. Glenn Greenwald’s The Intercept site reported on Dec. 9 how in recent months the giant speculative banks (BNP Paribas, Credit Agricole, ING Bank, Morgan Stanley, Wells Fargo, Citigroup, Bank of America, etc.) have pledged to cut off funding for coal power plants, coal mines, and companies involved in coal.

A report by Moody’s rating service at the end of November makes clear it is not just coal, but industry itself that is to be wiped out. The industrial sectors identified by Moody’s which will be “materially impacted by environmental risks over the next five years,” also include “companies involved with car making, mining, steel, commodity chemicals, building materials and independent oil and gas explorers.”  

The entire trans-Atlantic London-Wall Street financial system is on the very edge of total collapse. It could happen any hour, any day. The critical signs are already there, for anyone who is not willfully blind. Four Italian banks have gone under in the past week, with the European Union imposing bail-in looting of depositors funds. Puerto Rico has already announced it will default on a $1 billion debt payment by Jan. 1, the front end of a $72 billion debt bubble; and vulture funds are fully exposed. Already, a number of hedge funds, exposed to the Puerto Rican debt and to the shale oil and gas sector bankruptcies, have collapsed. These are merely harbingers of a total breakdown of the trans-Atlantic system that is imminent.

The crisis is compounded by the imminent danger of world war, triggered by London and Wall Street desperation over their imminent bankruptcy. NATO and the Obama Administration have done everything possible to provoke Russia, from the eastward expansion of NATO to the deployment of a unilateral ballistic missile defense system on the borders of Russia, to the modernization of tactical nuclear weapons to be soon deployed throughout Eastern Europe. Russian Armed Forces Chief of Staff Gen. Gerasimov briefed foreign military attaches in Moscow this week on the added threat of NATO’s plans for asymmetric warfare aimed at regime change in Moscow. Under President Putin’s clear leadership, Russia will not capitulate to the threats from the likes of Obama and Cameron. The danger of a thermonuclear war of extinction is greater today than at the height of the Cold War at the time of the Cuban Missile Crisis. It is driven, purely, by the bankruptcy of Wall Street and London.

Lyndon LaRouche has made clear that the only option at this late moment is for Republicans and Democrats to abandon the partisan madness and come together around pre-emptive actions to avert the total blowout and the chaos that will follow, if there is no action now. This requires a total break from the policies associated with President Obama, Hillary Clinton and Donald Trump. This means a genuine revival of the policies adopted by President Franklin D. Roosevelt in his first hundred days in the White House. Yes, Glass Steagall is vital, and beyond that, a massive infusion of Federal credit, as FDR did through the Reconstruction Finance Corporation, is urgently needed, to create jobs, build infrastructure and trigger a boost in the productive powers of labor, which have been wiped out through four decades of insane monetarist policy.

Lyndon LaRouche, many months ago, spelled out the four cardinal laws for a genuine physical economic recovery:

* Reinstate Glass Steagall, fully separating commercial banking from the gambling activities of investment banks, hedge funds, and proprietary trading desks that gamble with depositors’ money with no concern for the collapse of the productive economy. Such vital action means the immediate wiping out of Wall Street’s debt, which is unpayable and illegitimate in the first place. Glass Steagall wipes out the political power of the Wall Street/London bankers cartel.

* Launch a massive infusion of Federal credits, through that restored commercial banking system, into the real economy. This Hamiltonian solution is the only viable option today. By restoring Hamilton’s concept of national banking and Federal credit, a fundamental change in direction can be quickly kick-started. It may take years to fully realize the shift, but it must begin immediately.

* Concentrate on those areas of investment that most increase the energy flux density of the economy as a whole, including infrastructure, scientific and technological R&D. This means trillions of dollars in capital investment, to build a 21st century infrastructure grid and train a new generation of currently unskilled youth to become the highly skilled workforce to revive a modern system of physical production.

* Pursue areas of frontier scientific exploration, keying off of the work of the great 20th century Russian scientist, V.I. Vernadsky in the field of bio-chemistry and the noösphere. This must include an international crash program to achieve commercial fusion power, an essential feature of the next phase of space exploration, as well as solving the energy and water requirements of a world facing a breakdown crisis of Dark Age proportions;

In Europe, similar bold actions are required, starting with the dissolving of the European Union, which has become nothing more than a vehicle for imposing outright fascist austerity policies, which have now reached levels of genocide, on the formerly sovereign nations. In Italy, when four banks recently went under, the EU imposed bail-in looting of depositors savings. There has already been one suicide, triggered by this EU-led assault. Similar genocidal conditions have already been imposed on Greece and Cyprus, and Spain, Portugal and Italy all face existential crises, under the EU tyranny.

This crisis is here and now. These urgent actions can and must be initiated in the immediate days ahead—before the trans-Atlantic crash triggers the kind of chaos and genocide that can rapidly become unstoppable. A major mobilization of leading institutions and courageous citizens on both sides of the Atlantic is required to force through the urgently needed changes in policy.

Mankind has been endowed with the unique capacity to create a future, in which the common aims of humanity are pursued through cooperation among leading nations, grouped around projects like the World Landbridge. The question now on the table is: Will you and your fellow citizens and leaders demonstrate the moral fitness to survive by breaking with past trends and adopting a truly human course of action? The very survival of mankind is on the table, awaiting your decision.

The unique capacity to create a future, in which the common aims of humanity are pursued through cooperation among leading nations, grouped around projects like the World Landbridge. The question now on the table is: Will you and your fellow citizens and leaders demonstrate the moral fitness to survive by breaking with past trends and adopting a truly human course of action? The very survival of mankind is on the table, awaiting your decision.