What better way to restructure the world than to begin with financial collapse. As a bonus, those at the top of the financial pyramid will have control. Additionally, the 'mysterious' deaths of a growing number of bankers is continuing to unfold:
If you have been waiting for the "global economic crisis" to begin, just open up your eyes and look around. I know that most Americans tend to ignore what happens in the rest of the world because they consider it to be "irrelevant" to their daily lives, but the truth is that the massive economic problems that are currently sweeping across Europe, Asia and South America are going to be affecting all of us here in the U.S. very soon. Sadly, most of the big news organizations in this country seem to be more concerned aboutthe fate of Justin Bieber's wax statue in Times Square than about the horrible financial nightmare that is gripping emerging markets all over the planet. After a brief period of relative calm, we are beginning to see signs of global financial instability that are unlike anything that we have witnessed since the financial crisis of 2008. As you will see below, the problems are not just isolated to a few countries. This is truly a global phenomenon.
Over the past few years, the Federal Reserve and other global central banks have inflated an unprecedented financial bubble with their reckless money printing. Much of this "hot money" poured into emerging markets all over the world. But now that the Federal Reserve has begun "tapering" quantitative easing, investors are taking this as a sign that the party is ending. Money is being pulled out of emerging markets all over the globe at a staggering pace and this is creating a tremendous amount of financial instability. In addition, the economic problems that have been steadily growing over the past few years in established economies throughout Europe and Asia just continue to escalate.
Yes, things don't look good right now, but it is important to keep in mind that this is just the beginning.
This is just the leading edge of the next great financial storm.
The next two years (2014 and 2015) are going to represent a major "turning point" for the global economy. By the end of 2015, things are going to look far different than they do today.
None of the problems that caused the last financial crisis have been fixed. Global debt levels have grown by 30 percent since the last financial crisis, and the too big to fail banks in the United States are 37 percent larger than they were back then and their behavior has becomeeven more reckless than before.
As a result, we are going to get to go through another "2008-style crisis", but I believe that this next wave is going to be even worse than the previous one.
So hold on tight and get ready. We are going to be in for quite a bumpy ride.
The interconnected worlds of hedge funds, energy, banking, defence, globalism and geopolitics have the ability at times to make the characters from a John Le Carre novel seem one-dimensional and honourable by comparison. The Slog delves further into the the double-dealing world of the élite, and concludes that perhaps at last its members fear they might have a fight on their hands.
Like me and millions of others, you’ve probably been following the growing death-toll among financial persons of late. Following the demise of one Morgan pirate last Sunday week, A Deutsche Bank executive followed last weekend.
Next came (or rather, went) Russell Investments’ Chief Economist and former Fed economist Mike Dueker, this week found devoid of life by a Washington State roadside. Of this last, police said it looked like suicide, which is all well and good, except he seems to have chosen the most athletic way of leaving this world in history: the 50 year old jumped over a 4-foot (1.2-meter) fence before plummeting down a 40- to 50-foot embankment, Pierce County Detective Ed Troyer said yesterday.
The link, however, doesn’t seem to be merely banking and suicide: still unexplained is the disappearance of David Bird, the oil markets reporter who had worked at the Wall Street Journal for 20 years, who vanished on January 11 2014.
And another death hitherto largely ignored may provide a link as to WTF is going on here: last Monday week, Tata Motors managing director Karl Slym was found dead after falling from a high floor at the Shangri-La hotel in Bangkok. Tata Motors is the automotive arm of the Tata Sons Ltd. group, a business empire headed by Cyrus P. Mistry that includes companies engaged in oil, power generation…and solar.
The immediate commonalities here are jumping, energy, market rigging and whistle-blowing.
All of these men had expressed, at some point or another, a willingness or intention to talk to the authorities about fixes in various financial and commodity markets….oil being an especially prominent one. All fell off things (although we don’t know what happened to Bird yet) none of them were felt to be even remotely depressed, and all were either partnering with, reporting on or working far large global concerns facing very serious regulatory and criminal investigations.
Geopolitics and energy are always in the mix somewhere: and you should never assume that energy, Wall Street, the Pentagon and the White House are separate players.
Twenty years ago, I used to dismiss oil conspiracy theory as bunk. Now you’d be blind to do so. To cloak the interference in Iraq, Iran, Libya and now Syria as genuine concern about human rights means merely that you suffered concussion when toppling off the Christmas tree.
However, one senses that it is increasingly important for those Uptop that no further evidence emerges of malign sovereign/central banker motives…especially in the light of Wikileaks and Philip Snowden. Be under no illusion at all: if such were to emerge and show clear evidence of persistent fraud on a global scale, the balance of belief could so easily tip in favour of the cynics. Five deaths to plug holes in the wall of silence are as nothing in that context.
As I suggested at the outset, if this piece reads like vintage John le Carré, then (a) I’m flattered and (b) I make no apology. Sometimes, things really are just Snafu. And at other times, four badly-disguised murders in 18 days by enforced jumping all involving whistleblowers merely shows the lack of imagination of the average security services field operative.
This is, without any doubt, a story to which you really should stay tuned.
Wednesday we reported that another JP Morgan banker has been found dead, as the latest banker to meet a sudden and untimely demise is Ryan Henry Crane, the Executive Director in JPMorgan’s Global Equities Group.
Today, Steve Quayle’s banker source “V”, who predicted that a wave of banker hits was imminent when the very first bankers began dropping last week, has dropped a bombshell regarding the death of Ryan Henry Crane.
V states that Crane oversaw all of the trade platforms and worked closely with Gabriel Magee of JPM’s London desk (who fell 32 stories off the JPM London roof moments after texting his g/f he would be home shortly), and that the pair had access to the exact same info.
V concludes Crane & Magee: “Knew each other and had uncovered something“.
V’s update on the latest JPMorgan banker to turn up dead is below:
One other thing he was the head at the program trading desk. Meaning he over saw all of the trades and was familiar with all of the software (trade platforms) that these trades were done in. This job works closely with guess what? That’s right the London desk and who died last week in London? That’s right Gabriel Magee the one who jumped off the 33rd floor. What was his post? Head of IT and trade platforms meaning he had access to info that Ryan Henry Crane would have.They knew each other and uncovered something they were about the same age and these hits happen when two big announcements by JPM.
1. They are out of commodities, and
2. The wholesale selling of their HQ downtown to the Chinese.“V” The Guerrilla Economist
A Brussels/Frankfurt EC document seen by Reuters proposes to use the savings of the European Union’s 500 million citizens to fund long-term investments, boost the economy, and help plug the increasingly large gap left by eurobanks since 2009.
The Slog exclusively revealed in April 2013 that Greek negotiators with the Troika had leaked the fact that the country’s lenders had tabled a pension/savings grab. Clearly, the idea hasn’t gone away…either in Athens or at the ECB. Three days later, these columns revealed wide awareness among the european markets and the euroélite of a massive outflow of investment funds from the eurozone area. At one point last year, Mario Draghi quietly suppressed capital flight data for four months.
Now the situation is desperate, and desperate measures are very much back on the table.
“The economic and financial crisis has impaired the ability of the financial sector to channel funds to the real economy, in particular long-term investment,” said the document, seen by Reuters. The European Commission will soonask the bloc’s insurance watchdog for advice on a possible draft law “to mobilize more personal pension savings for long-term financing”, the document said. After the May euroelections, naturally.
But the best bit of Orwellian doublespeak in the leaked file is this one: ‘the Commission will consider whether the use of fair value, or pricing assets at the going rate, in a new globally agreed accounting rule, is appropriate, in particular regarding long-term investing business models’.
Virtually all successful currency unions start with political union, and then proceed through shared insurance, institutions, and fiscal arrangements to a common form of exchange. Europe, it hardly needs saying, is trying to do it the other way round; it has forced monetary union on an unsuspecting public, and now, via the resulting financial crisis, hopes to bulldoze through the shared fiscal and political arrangements that might eventually make it work, culminating ultimately in a United States of Europe.
Europe’s elite must know that all high-income countries would vote the same way as the Swiss given the chance. The arrogance of political leaders who think they know better may have been tolerable as long as Europe was growing. But today they deliver only economic ruin, making their position, and the legitimacy of the EU project, ever more vulnerable.
Stir all this together, and we see a possibly irresistible pull back to the principles of national sovereignty at a time when survival of the euro requires the very reverse – greater levels of fiscal, political and economic integration. A titanic struggle looms. And they say the eurozone crisis is over.
The in-orbit validation of Galileo has been achieved: Europe now has the operational nucleus of its own satellite navigation constellation in place – the world’s first civil-owned and operated satnav system. In 2011 and 2012 the first four satellites were launched into orbit. Four is the minimum number needed to perform navigation fixes.
In the following year, these satellites were combined with a growing global ground infrastructure to allow the project to undergo its crucial In-Orbit Validation phase: IOV.
“IOV was required to demonstrate that the future performance that we want to meet when the system is deployed is effectively reachable,” says Sylvain Loddo, ESA’s Galileo Ground Segment Manager.
“It was an intermediate step with a reduced part of the system to effectively give evidence that we are on track.”
Following this success, the build-up of the Galileo system can proceed to placing the remaining satellites into orbit and deploying further ground stations.
The next two Galileo ‘Full Operational Capability’ satellites are currently at ESTEC, completing their testing to be cleared for flight.
Over the course of 2014, six more satellites are planned to join the existing four in three separate Soyuz launches. Galileo’s initial services are scheduled to start by the end of this year.
Agenda 21 Update: John Podesta, Key Player In Administration's Regulation Drive, Also Helped UN Develop Radical New Global Agenda
John Podesta, the former Clinton Administration chief of staff who is spearheading President Barack Obama’s aggressive strategy of government-by-regulation, has also been helping United Nations Secretary General Ban Ki-moon with an even more ambitious job: setting the stage to radically transform the world’s economic, environmental and social agenda.
Moreover, it apparently also must spark a planetary psychological sea-change: “The new global partnership should encourage everyone to alter their worldview, profoundly and dramatically,” the report declares.
There’s a disturbing piece on the Fox News website written by George Russell regarding the efforts of former Clinton Administration chief of staff, John Podesta. According to the information supplied, Podesta has been “spearheading President Barack Obama’s aggressive strategy of government-by-regulation”, advising the United Nations by, “setting the stage to radically transform the world’s economic, environmental and social agenda.”
Some folks might call this news; but the manner in which it’s presented makes it a propaganda piece.
Had we been told John Podesta is actively attempting to undermine our constitutional republic in favor of a worldwide totalitarian state wherein the rights of life, liberty and the pursuit of happiness would no longer hold sway…, then it might have been considered an accurate accounting of what is going on at the United Nations.
Think about that for a moment; our nation was founded to create an environment where individuals had the final decision on how to go through life, not the collective. And yet the great ‘transformation’ which Obama is imposing on these United States of America through executive orders which negate representative government of and by the people, this transformation is nothing short of pure communism.
The Fox News article then continues to outline Podesta’s (Obama’s) intentions:
“Its supporters hope that effort will end next year in a new international treaty that will bind all 193 U.N. members– including the U.S– to a still formless “universal sustainable development agenda” for the planet that will take effect in 2020.”
Well isn’t that special…these folks want to shackle America to the United Nation’s form of communism better known as Agenda 21. If you’re not aware of Agenda 21 then maybe you need to wake up and smell the male bovine excrement which it represents.
In short Agenda 21 removes property rights from everyone and turns such minor issues over to the collective, in this case, the United Nations.
You see, the collective knows better what to do with ‘your property’ in terms of global environmental harm. They know where you should live, how you should live, your transportation needs, what kind of light bulb to use, how much water is needed to flush the toilet…the collective knows better than you how to make it through life without further destroying the planet.
Everything is tied in with the UN’s IPCC reports even though these reports have been exposed as fraudulent. That’s right, the IPCC reports are based on fabricated data intended to prove the man made global warming hoax in order to use governments around the globe to exact huge sums of money to fund their planned Utopia, a Utopia that insures that not one soul will ever go hungry and always have a roof over their head.
Of course the governing body will decide how much food you get, where you live and how big a living space you’re entitled to have; but let’s not get too hung up on the details, leave that to the collective.
If we implemented every single environmental control proposed by the UN’s Agenda 21 initiative it would accomplish…wait for it…total and complete subjugation of every individual living in the 193 UN member nations – to include the United States– while reducing the planet’s overall temperature by perhaps 1 degree over a hundred year span…or as Chicken Little would say, “The sky is falling!”.
We’re being sold a pig and a poke!
We’re being told we can’t own the kind of cars we want, the size or location of the houses we’d prefer to live in, the kind of light bulbs we prefer to read by…and all because of the UN’s agenda driven junk science IPCC report.
“We have to do this to save the children”, that will ensure a stamp of approval on destroying our founder’s dream of life, liberty and the pursuit of happiness.
If the news media did their job of pointing out communists for what and who they were, folks like Obama, Podesta and the United Nations would be exposed as the traitors to humanity they really are. Thanks Fox News for jumping off the cliff along with the rest of the Lemmings.
Meanwhile, we see another 'Global Warming' Update (keep in mind 'Warming' = 'Cooling', or something like that). Thank goodness the UN is trying to help us from the fate of global warming:
A huge snow storm is blanketing the densely populated US North-east, after wreaking havoc with ice in the South.
Across the typically mild South, about 750,000 homes and businesses lack power, and about 6,500 flights have been cancelled.
The weather system has affected people in about 22 states from Texas to Maine and caused at least 18 deaths.
The storm dumped up to 15in (30cm) of snow in the Washington DC region and 8in around New York City overnight.
Snow-covered streets were deserted during the morning commute in the nation's capital, where the federal government shut down its offices.
As much as 10-20 inches of snow in total could fall from north-eastern Pennsylvania to New England on Thursday, said the National Weather Service.
Almost 6,500 flights were cancelled on Thursday, according to airline-tracking website FlightAware.com.
While temperatures at the Winter Games in Sochi, Russia, rose to 17C (63F), the US was shivering in bitter cold once again.
With Democrats facing a real possibility of losing the Senate this November, the Communist Party USA has announced the cavalry is planning to ride to their rescue by helping unite the left and stave off “right-wing extremism.”
Webb acknowledged that one of the problems the movement faces is the stigma of the name Communist among some Americans, but he believes under the policies of the Obama administration the country is now more willing to embrace those beliefs.
The solution? “The Commission will ask the bloc’s insurance watchdog in the second half of this year for advice on a possible draft law “to mobilize more personal pension savings for long-term financing”, the document said.”Mobilize, once again, is a more palatable word than, say, confiscate.
This is what happens when governments run out of money.
But if you think this is limited to just Europe, then consider the words of President Barack Obama in his recent State of the Union address.
For all intents and purposes, a similar groundwork is being laid right here in America.
This is basically the offer that the President of the United States floated last night.
And like an unctuously overgeled used car salesman, he actually pitched Americans on loaning their retirement savings to the US government with a straight face, guaranteeing “a decent return with no risk of losing what you put in. . .”
This is his new “MyRA” program. And the aim is simple– dupe unwitting Americans to plow their retirement savings into the US government’s shrinking coffers.
We’ve been talking about this for years. I have personally written since 2009 that the US government would one day push US citizens into the ‘safety and security’ of US Treasuries.
Back in 2009, almost everyone else thought I was nuts for even suggesting something so sacrilegious about the US government and financial system.
But the day has arrived. And POTUS stated almost VERBATIM what I have been writing for years.
The government is flat broke.Even by their own assessment, the US government’s “net worth” is NEGATIVE 16 trillion. That’s as of the end of 2012 (the 2013 numbers aren’t out yet). But the trend is actually worsening.
In 2009, the government’s net worth was negative $11.45 trillion. By 2010, it had dropped to minus $13.47 trillion. By 2011, minus $14.78 trillion. And by 2012, minus $16.1 trillion.
Here’s the thing: according to the IRS, there is well over $5 trillion in US individual retirement accounts. For a government as bankrupt as Uncle Sam is, $5 trillion is irresistible.
They need that money. They need YOUR money. And this MyRA program is the critical first step to corralling your hard earned retirement funds.
At our event here in Chile last year, Jim Rogers nailed this right on the head when he and Ron Paul told our audience that the government would try to take your retirement funds:
This didn’t just happen over night. The move to make this reality has been going on for quite some time. The first time it was mentioned publicly in any official capacity was at a 2010 Congressional hearing:
Democrats in the Senate on Thursday held a recess hearing covering a taxpayer bailout of union pensions and a plan to seize private 401(k) plans to more “fairly” distribute taxpayer-funded pensions to everyone.Sen. Tom Harkin (D-Iowa), Chairman of the Health, Education, Labor and Pensions (HELP) Committee heard from hand-picked witnesses advocating the infamous “Guaranteed Retirement Account” (GRA) authored by Theresa Guilarducci.In a nutshell, under the GRA system government would seize private 401(k) accounts, setting up an additional 5% mandatory payroll tax to dole out a “fair” pension to everyone using that confiscated money coupled with the mandated contributions. This would, of course, be a sister government ponzi scheme working in tandem with Social Security, the primary purpose being to give big government politicians additional taxpayer funds to raid to pay for their out-of-control spending.
You’d think that such an idea would be immediately dismissed by the American public, but it has only gained steam since, as evidenced by a 2012 hearing held at the U.S. Labor Department:
The hearing, held in the Labor Department’s main auditorium, was monitored by NSC staff and featured a line up of left-wing activists including one representative of the AFL-CIO who advocated for more government regulation over private retirement accounts and even the establishment of government-sponsored annuities that would take the place of 401k plans.“This hearing was set up to explore why Americans are not saving as much for their retirement as they could,” explains National Seniors Council National Director Robert Crone, “However, it is clear that this is the first step towards a government takeover. It feels just like the beginning of the debate over health care and we all know how that ended up.”…Such “reforms” would effectively end private retirement accounts in America, Crone warns.
The total amount of retirement assets in America, including 401k, IRA and savings accounts is around $21 trillion. With our national debt coincidentally approaching the same, the government sees big money and potentially a way out of our country’s fiscal disaster.
This will start voluntarily with the MyRA and other state-sponsored programs. But when not enough Americans are making it their patriotic duty to turn over their funds to their government, they’ll mandate compliance with the stroke of a pen just as they did with thePatient Affordable Care Act.
And just like Obamacare it will be enforced by the barrel of a gun. Failure to comply will mean confiscation without recourse and prison time.
All they need now is a trigger.
And that trigger will likely come in the form of another stock market collapse. Wipe out Americans’ in a stock market crash and scare the heck out of them with more economic bad news, and millions of our countrymen will be all too willing to hand it over to Uncle Sam. Panic is a powerful motivator and what better way to get people on board than by threatening them with squalor and destitution in their old age if they don’t go along with it?
Government officials have been actively working to make this a reality for years. The Europeans are doing the same.
You can put your head in the sand or cover your ears and pretend this is not happening, but that won’t change the outcome.
They will take everything they can get their hands on.