Day-Old Congress Most Hated Ever

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Posted on 7th January 2015 by Administrator in Economy |Politics |Social Issues

Guest Post by Andy Borowitz

The New Yorker

Credit Photograph by BRENDAN SMIALOWSKI/AFP/Getty

WASHINGTON (The Borowitz Report) – In a troubling sign for the 114th Congress, a new poll released on Tuesday indicates that the day-old legislative body is the most hated in the nation’s history.

According to the poll, conducted by the University of Minnesota’s Opinion Research Institute, only eight per cent of those surveyed approved of the job Congress is doing, a scathing indictment of the legislators’ first day on the job.

The 114th Congress started the day on a slightly more positive note, garnering a ten-per-cent approval rating, but after the House of Representatives reëlected John Boehner (R.-Ohio) to a new term as Speaker, the number sank to eight.

On the Senate side, Joni Ernst (R.-Iowa), newly elected to the most despised Congress in American history, said that the low approval number was no cause for concern.

“If you ask somebody to pick a number between one and ten, eight is a pretty high number,” she said. “So it’s all good.”

After Senator Ernst made her comment, Congress’s approval rating plummeted to four per cent.

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Unskilled Workers Report for New Jobs

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Posted on 4th January 2015 by Administrator in Economy |Politics |Social Issues

Guest Post by Andy Borowitz

 

WASHINGTON (The Borowitz Report)—Sixty-four unskilled workers will report to new jobs in Washington, D.C. on Tuesday as part of a federal jobs program that provides employment for people unable to find productive work elsewhere.

The new hires, who have no talents or abilities that would make them employable in most workplaces, will be earning a first-year salary of $174,000.

For that sum, the new employees will be expected to work a hundred and thirty-seven days a year, leaving them with two hundred and twenty-eight days of vacation.

Some critics have blasted the federal jobs program as too expensive, noting that the workers were chosen last November in a bloated and wasteful selection process that cost the nation nearly four billion dollars.

But Davis Logsdon, a University of Minnesota economics professor who specializes in labor issues, said that the program is necessary to provide work “for people who honestly cannot find employment anywhere else.”

“Expensive as this program is, it is much better to have these people in jobs than out on the street,” he said.

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How a Bipartisan Majority in Congress Shredded the Constitution, Again

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Posted on 18th December 2014 by Administrator in Economy |Politics |Social Issues

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When the government is waving at us with its right hand, so to speak, it is the government’s left hand that we should be watching. Just as a magician draws your attention to what he wants you to see so you will not observe how his trick is performed, last week presented a textbook example of public disputes masking hidden deceptions. Here is what happened:

Last week was dominated by two huge news stories. One was the revelation by the Senate Intelligence Committee of torture committed by CIA agents and contractors on 119 detainees in the post-9/11 era— 26 of whom were tortured for months by mistake. In that revelation of anguish and error were the conclusions by CIA agents themselves that their torture had not produced helpful information. President Barack Obama acknowledged that the CIA had tortured, yet he directed the Department of Justice not to prosecute those who tortured and those who authorized it.

The other substantial news story was the compromise achieved by Congress and the White House to fund the government through the end of September 2015. That legislation, which is 2,000 pages in length, was not read by anyone who voted for it. It spends a few hundred billion dollars more than the government will collect in tax revenue. The compromise was achieved through bribery; members of Congress bought and sold votes by adding goodies (in the form of local expenditures of money borrowed by the federal government) to the bill that were never debated or independently voted upon and were added solely to achieve the votes needed for passage. This is how the federal government operates today. Both parties participate in it. They have turned the public treasury into a public trough.

Hidden in the law that authorized the government to spend more than it will collect was a part about funding for the 16 federal civilian intelligence agencies. And hidden in that was a clause, inserted by the same Senate Intelligence Committee that revealed the CIA torture, authorizing the National Security Agency to gather and retain nonpublic data for five years and to share it with law enforcement and with foreign governments.

“Nonpublic data” is the government’s language referring to the content of the emails, text messages, telephone calls, bank statements, utility bills, and credit card bills of nearly every innocent person in America—including members of Congress, federal judges, public officials and law enforcement officials. I say “innocent” because the language of this legislation—which purports to make lawful the NSA spying we now all know about—makes clear that those who spy upon us needn’t have any articulable suspicion or probable cause for spying.

The need for articulable suspicion and probable cause has its origins in the Fourth Amendment to the Constitution, which was written to prohibit what Congress just authorized. That amendment was a reaction to the brutish British practice of rummaging through the homes of American colonists, looking for anything that might be illegal. It is also a codification of our natural right to privacy. It requires that if the government wants nonpublic data from our persons, houses, papers, or effects, it must first present evidence of probable cause to a judge and then ask the judge for a search warrant.

Probable cause is a level of evidence that is sufficient to induce a judge into concluding that it is more likely than not that the place to be examined contains evidence of crimes. In order to seek probable cause, the government must first have an articulable suspicion about the person or place it has targeted. Were this not in the law, then nothing would stop the government from fishing expeditions in pursuit of anyone it wants to pursue. And fishing expeditions turn the presumption of liberty on its head. The presumption of liberty is based on the belief that our rights are natural to us and that we may exercise them without a permission slip from the government and without its surveillance.

Until last week, that is. Last week Congress, by authorizing the massive NSA spying to continue and by authorizing the spies to share what they have seized with law enforcement, basically permitted the fishing expeditions that the Fourth Amendment was written to prevent.

How can the president and Congress defy the Constitution, you might ask? Hasn’t every member of the government taken an oath to uphold the Constitution? Doesn’t the Constitution create the presidency and the Congress? How can politicians purport to change it? The answers to these questions are obvious, as is the belief of most of those in government that they can write any law and regulate any behavior and ignore the Constitution they have sworn to uphold whenever they want, so long as they can get away with it.

THE SEA IS SUCKING AWAY FROM THE SHORE

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Posted on 14th December 2014 by T4C in Economy |Politics |Social Issues |Technology

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IMF AND G20 MOVING FORWARD ON PLAN B

 December 12, 2014

 

 

 

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The year is coming to an end and as expected the 2010 IMF Quota and Governance Reforms have not been passed through the US Congress. True to her word, Christine Lagarde has been quick to respond to the lack of movement on the reforms and has issued a press release.

Things will now begin to escalate across a broad spectrum, with instability in the USD expanding and global stock markets adjusting dramatically. We can also likely expect increases in the valuations of gold as the liquidity crisis deepens and global money seeks liquidity outside of the dollar. The propaganda promoting US instability will increase internationally and the script stating alternative sources of liquidity must be utilized will begin to be distributed to global media outlets.

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), made the following statement today:

“The IMF’s membership has been calling on and was expecting the United States to approve the IMF’s 2010 Quota and Governance Reforms by year end. Adoption of the reforms remains critical to strengthen the Fund’s credibility, legitimacy, and effectiveness, and to ensure it has sufficient permanent resources to meet its members’ needs.

“I have now been informed by the U.S. Administration that the reforms are not included in the budget legislation currently before the U.S. Congress. I have expressed my disappointment to the U.S authorities and hope that they continue to work toward speedy ratification.

“As requested by our membership, we will now proceed to discuss alternative options for advancing quota and governance reforms and ensuring that the Fund has adequate resources, starting with an Executive Board meeting in January 2015.”

The blatant disregard by the US Congress towards the Executive Branch and Treasury, as well as the IMF and G20 countries is staggering. Whether you agree with the reforms or not, the fallout from this will be huge. It could potentially create the pretext for the exchange of USD in foreign reserve accounts with SDR securities, through the substitution accounts….Which may have been the plan all a long. Expect to see almost immediate escalations stemming from this moment.

 

iron bank

 

Reform to IMF governance and quota amounts are happening whether America agrees or not, with Plan B being the worst possible outcome.

One specific analysis can determine that the US delay is being orchestrated by China through political campaign funding directed towards the Republicans. China would benefit from delaying the full implementation of the Reforms so it has more time to strengthen its position and internationalize the RMB for inclusion into the SDR basket.

A second analysis could also suggest that the delay is orchestrated by Republican industrial interests for the purpose of weakening or outright preventing Russia from having a seat at the table. Russia has made its intentions known that it has been seeking to have the ruble included in the SDR basket along with the RMB.

In addition, the quota amounts for the Russian Federation would also be higher with the implementation of the 2010 Reforms as written, but could also be extremely larger if Plan B is utilized. With the control that Russia exerts over the European natural gas market, it is problematic for the American interests to allow the EU, and its quota allocations, to slide into the BRICS, and Russian economic influence.

For its part, Russia is playing a patient game and waiting for the inevitable time frame of IMF Reforms to be implemented. Whether through the 2010 Reforms as they were originally written, or through the implementation of Plan B, Russia is very aware that any overt provocation or reaction on its part would instantly be branded as the pretext for excluding the ruble from the SDR basket and lessening the Russian quota amount in the Fund.

Either analysis can be equally considered and the potential merging of both is also likely probable. The US Congress delays the reforms long enough to spoil Russian chances for an increased influence in the multilateral system and China plays both sides knowing that it will be the winner in the end because of the growing usage of the RMB and the Plan B structure.

America, trapped by the amount of USD held in the foreign reserve account of China, is willing to play ball with the PBoC, but cannot accept the full and balanced inclusion of both Russia and China into the multilateral financial system. With Russia on the doorstep of Europe the decision was fairly easy from an economic and geopolitical perspective.

The mandates from the Bank for International Settlements have trickled down to the central banks of the world and it has been made clear that USD liquidity based on the balance of payments system is coming to an end.

The attempts at maintaining the valuation of the USD are coming to an end. The SDR replacement is simply a continuation of the fiat and fractional system of debt based money creation. America was never meant to be the apex, only a transition point to the multilateral. – The Barbarians At The Gate

One other thing:

(People’s Daily Online) 09:19, June 17, 2014

The International Monetary Fund’s headquarters may one day move from Washington to Beijing, aligning with China’s growing influence in the world economy, the fund’s managing director Christine Lagarde said early this month.

“But the way things are going, I wouldn’t be surprised if one of these days, the IMF was headquartered in Beijing,” she said.

Lagarde also pointed out that the U.S. government is an “outlier” among the G20 in refusing to approve IMF reform, and the IMF was trying to give emerging economies like China and Brazil a bigger voice through reform.

Lagarde has no specific schedule for the headquarters’ shift. However, this once again reminds China that there are few international organizations headquartered in its country, which is disproportionate to China’s status as the world’s second largest economy.

Intelligence bill bolsters warrantless spying on U.S. citizens

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Posted on 13th December 2014 by Administrator in Economy |Politics |Social Issues

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Know Your Enemy

 

Via Police State USA

AA 2015 is “one of the most egregious sections of law I’ve encountered during my time as a representative,” wrote Rep. Justin Amash.

House of Representatives

WASHINGTON, D.C. –- With virtually no warning or debate, the Intelligence Authorization Act for 2015 (H.R. 4681) was rushed to the House floor and passed, containing a dangerous section which, for the first time, statutorily authorizes spying on U.S. citizens without legal process.

Representative Justin Amash (R-MI) made a hastened effort to draw attention to the disturbing bill, only hours before the vote was scheduled. If not for Amash’s efforts, the bill would have passed on a “voice vote” — meaning no record would be kept of which Congressmen supported it. Rep. Amash explained in a press release on social media:

“When I learned that the Intelligence Authorization Act for FY 2015 was being rushed to the floor for a vote—with little debate and only a voice vote expected (i.e., simply declared “passed” with almost nobody in the room) — I asked my legislative staff to quickly review the bill for unusual language. What they discovered is one of the most egregious sections of law I’ve encountered during my time as a representative: It grants the executive branch virtually unlimited access to the communications of every American.” — Rep. Justin Amash (R-MI)

Section 309 contains the language which civil libertarians found disturbing. Rep. Amash rushed out a “Dear Colleague” letter to every member of congress, urging each to vote “NO” on H.R. 4681.

Dear Colleague:

Rep. Justin Amash (Image: AP)

The intelligence reauthorization bill, which the House will vote on today, contains a troubling new provision that for the first time statutorily authorizes spying on U.S. citizens without legal process.

Last night, the Senate passed an amended version of the intelligence reauthorization bill with a new Sec. 309 — one the House never has considered. Sec. 309 authorizes “the acquisition, retention, and dissemination” of nonpublic communications, including those to and from U.S. persons. The section contemplates that those private communications of Americans, obtained without a court order, may be transferred to domestic law enforcement for criminal investigations.

To be clear, Sec. 309 provides the first statutory authority for the acquisition, retention, and dissemination of U.S. persons’ private communications obtained without legal process such as a court order or a subpoena. The administration currently may conduct such surveillance under a claim of executive authority, such as E.O. 12333. However, Congress never has approved of using executive authority in that way to capture and use Americans’ private telephone records, electronic communications, or cloud data.

Supporters of Sec. 309 claim that the provision actually reins in the executive branch’s power to retain Americans’ private communications. It is true that Sec. 309 includes exceedingly weak limits on the executive’s retention of Americans’ communications. With many exceptions, the provision requires the executive to dispose of Americans’ communications within five years of acquiring them — although, as HPSCI admits, the executive branch already follows procedures along these lines.

In exchange for the data retention requirements that the executive already follows, Sec. 309 provides a novel statutory basis for the executive branch’s capture and use of Americans’ private communications. The Senate inserted the provision into the intelligence reauthorization bill late last night. That is no way for Congress to address the sensitive, private information of our constituents—especially when we are asked to expand our government’s surveillance powers.

Explained another way, this bill allows information gathered via warrantless federal surveillance to be transferred to local law enforcement for criminal investigations without any type of court order, subpoena or warrant. As pointed out above, this is a drastic change in the nature of the law.

As Police State USA has previously explained, tips gathered from NSA-style spying are considered illegitimate in court. Enforcers had to lie and create a “parallel construction” of the investigation using legitimate means in order to proceed with prosecution. Not even the judges and prosecutors knew about the secret investigations of the defendants.

The Intelligence Authorization Act apparently codifies this practice and makes it the norm in law enforcement.

Unfortunately, on December 10th, 2014, the 47-page intelligence bill passed, 325-100. However, since Rep. Amash requested a roll-call vote, we know the names those who backed it.

ROLL CALL VOTE: H.R. 4681: Intelligence Authorization Act for Fiscal Year 2015

The measure already passed the U.S. Senate by unanimous consent on December 9th, and is now on its way to the White House, where President Obama is expected to sign it.

{ Support Police State USA }

Reckless Congress ‘Declares War’ on Russia

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Posted on 5th December 2014 by Administrator in Economy |Politics |Social Issues

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undefinedToday the US House passed what I consider to be one of the worst pieces of legislation ever. H. Res. 758 was billed as a resolution “strongly condemning the actions of the Russian Federation, under President Vladimir Putin, which has carried out a policy of aggression against neighboring countries aimed at political and economic domination.”

In fact, the bill was 16 pages of war propaganda that should have made even neocons blush, if they were capable of such a thing.

These are the kinds of resolutions I have always watched closely in Congress, as what are billed as “harmless” statements of opinion often lead to sanctions and war. I remember in 1998 arguing strongly against the Iraq Liberation Act because, as I said at the time, I knew it would lead to war. I did not oppose the Act because I was an admirer of Saddam Hussein – just as now I am not an admirer of Putin or any foreign political leader – but rather because I knew then that another war against Iraq would not solve the problems and would probably make things worse. We all know what happened next.

That is why I can hardly believe they are getting away with it again, and this time with even higher stakes: provoking a war with Russia that could result in total destruction!

If anyone thinks I am exaggerating about how bad this resolution really is, let me just offer a few examples from the legislation itself:

The resolution (paragraph 3) accuses Russia of an invasion of Ukraine and condemns Russia’s violation of Ukrainian sovereignty. The statement is offered without any proof of such a thing. Surely with our sophisticated satellites that can read a license plate from space we should have video and pictures of this Russian invasion. None have been offered. As to Russia’s violation of Ukrainian sovereignty, why isn’t it a violation of Ukraine’s sovereignty for the US to participate in the overthrow of that country’s elected government as it did in February? We have all heard the tapes of State Department officials plotting with the US Ambassador in Ukraine to overthrow the government. We heard US Assistant Secretary of State Victoria Nuland bragging that the US spent $5 billion on regime change in Ukraine. Why is that OK?

The resolution (paragraph 11) accuses the people in east Ukraine of holding “fraudulent and illegal elections” in November. Why is it that every time elections do not produce the results desired by the US government they are called “illegal” and “fraudulent”? Aren’t the people of eastern Ukraine allowed self-determination? Isn’t that a basic human right?

The resolution (paragraph 13) demands a withdrawal of Russia forces from Ukraine even though the US government has provided no evidence the Russian army was ever in Ukraine. This paragraph also urges the government in Kiev to resume military operations against the eastern regions seeking independence.

The resolution (paragraph 14) states with certainty that the Malaysia Airlines flight 17 that crashed in Ukraine was brought down by a missile “fired by Russian-backed separatist forces in eastern Ukraine.” This is simply incorrect, as the final report on the investigation of this tragedy will not even be released until next year and the preliminary report did not state that a missile brought down the plane. Neither did the preliminary report – conducted with the participation of all countries involved – assign blame to any side.

Paragraph 16 of the resolution condemns Russia for selling arms to the Assad government in Syria. It does not mention, of course, that those weapons are going to fight ISIS – which we claim is the enemy — while the US weapons supplied to the rebels in Syria have actually found their way into the hands of ISIS!

Paragraph 17 of the resolution condemns Russia for what the US claims are economic sanctions (“coercive economic measures”) against Ukraine. This even though the US has repeatedly hit Russia with economic sanctions and is considering even more!

The resolution (paragraph 22) states that Russia invaded the Republic of Georgia in 2008. This is simply untrue. Even the European Union – no friend of Russia – concluded in its investigation of the events in 2008 that it was Georgia that “started an unjustified war” against Russia not the other way around! How does Congress get away with such blatant falsehoods? Do Members not even bother to read these resolutions before voting?

In paragraph 34 the resolution begins to even become comical, condemning the Russians for what it claims are attacks on computer networks of the United States and “illicitly acquiring information” about the US government. In the aftermath of the Snowden revelations about the level of US spying on the rest of the world, how can the US claim the moral authority to condemn such actions in others?

Chillingly, the resolution singles out Russian state-funded media outlets for attack, claiming that they “distort public opinion.” The US government, of course, spends billions of dollars worldwide to finance and sponsor media outlets including Voice of America and RFE/RL, as well as to subsidize “independent” media in countless counties overseas. How long before alternative information sources like RT are banned in the United States? This legislation brings us closer to that unhappy day when the government decides the kind of programming we can and cannot consume – and calls such a violation “freedom.”

The resolution gives the green light (paragraph 45) to Ukrainian President Poroshenko to re-start his military assault on the independence-seeking eastern provinces, urging the “disarming of separatist and paramilitary forces in eastern Ukraine.” Such a move will mean many more thousands of dead civilians.

To that end, the resolution directly involves the US government in the conflict by calling on the US president to “provide the government of Ukraine with lethal and non-lethal defense articles, services, and training required to effectively defend its territory and sovereignty.” This means US weapons in the hands of US-trained military forces engaged in a hot war on the border with Russia. Does that sound at all like a good idea?

There are too many more ridiculous and horrific statements in this legislation to completely discuss. Probably the single most troubling part of this resolution, however, is the statement that “military intervention” by the Russian Federation in Ukraine “poses a threat to international peace and security.” Such terminology is not an accident: this phrase is the poison pill planted in this legislation from which future, more aggressive resolutions will follow. After all, if we accept that Russia is posing a “threat” to international peace how can such a thing be ignored? These are the slippery slopes that lead to war.

This dangerous legislation passed today, December 4, with only ten (!) votes against! Only ten legislators are concerned over the use of blatant propaganda and falsehoods to push such reckless saber-rattling toward Russia.

Here are the Members who voted “NO” on this legislation. If you do not see your own Representative on this list call and ask why they are voting to bring us closer to war with Russia! If you do see your Representative on the below list, call and thank him or her for standing up to the warmongers.

Voting “NO” on H. Res. 758:

1) Justin Amash (R-MI)
2) John Duncan (R-TN)
3) Alan Grayson, (D-FL)
4) Alcee Hastings (D-FL)
5) Walter Jones (R-NC)
6) Thomas Massie (R-KY)
7) Jim McDermott (D-WA)
8 George Miller (D-CA)
9) Beto O’Rourke (D-TX)
10 Dana Rohrabacher (R-CA)

Reprinted with permission from author’s Facebook page.

TRUST IS WANING

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Posted on 12th November 2014 by Administrator in Economy |Politics |Social Issues

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I’d love to meet the 6% of people trust Congress more and the 13% who trust Obama more than they did a few years ago. Why do almost a third of Americans have more trust in a military that hasn’t achieved any success in the last 14 years?

 

Which institutions do Americans trust least in 2014? According to the Harris Poll, trust in Congress is waning – 72 percent of American adults reported a decline in trust over the past few years. The White House has also experienced a major deterioration in trust with 53 percent of people reporting that they trust it less than before.

Considering the magnitude of the financial crisis and property slump, it comes as little surprise that trust levels in financial institutions have also plummeted. Mortgage lenders have done especially badly in the trust stakes, along with banks. This stems from personal experience coupled with quality, service and poor customer care, according to the Harris Poll.

Infographic: Americans' Trust in Congress Is Waning | Statista

You will find more statistics at Statista

CONTROLLED CHAOS VIII

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Posted on 26th September 2014 by T4C in Economy |Politics |Social Issues |Technology

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This ten part series was written by JC Collins between

January 21, 2014 – April 7, 2014

 

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SDR’S AND THE NEW BRETTON WOODS – PART EIGHT

The Dawn of Macroeconomic Stability

By JC Collins

March 5, 2014

 

“We are working with Congress to approve the 2010 IMF quota legislation, which would support the IMF’s capacity to lend additional resources to Ukraine, while also helping to preserve continued U.S. leadership within this important institution,”

U.S. Treasury Secretary Jack Lew, Mar 4, 2014.

“An attempt to announce sanctions would end in a crash for the financial system of the United States, which would cause the end of the domination of the United States in the global financial system.”

– Russian Senior Adviser Sergei Glazyev, Mar 4, 2014.

“We are also discussing with all our international partners–bilateral and multilateral–how best to help Ukraine at this critical moment in its history.”

– Managing Director Christine Lagarde, I.M.F., Feb 27, 2014.

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chess

This part of the series is important because it contains valuable and timely information that both confirms and builds on the concepts as presented on this site. Through seven parts we have defined the structure of the emerging multilateral SDR financial system and how it will work in theory.

Now we begin the transition from theory to practice.

I would suggest that readers first ensure they have a good understanding of the main themes and components of the other seven parts. It will make part eight that much more rewarding to read and understand. All seven links are included at the end of this post.

Ukraine is being fought over by the United States and Russia. Both countries desire to give the Ukraine a bail-out loan denominated in Special Drawing Rights. The International Monetary Fund is patiently waiting for an agreement to be made so that the process of debt restructuring and currency allocation can continue. The winner will have control over the resources and energy industry of the Ukraine and all of Europe’s natural gas supply. This will help their SDR composition in the new system.

The same process is unfolding in Syria and other regions. There is not much negotiating room left though as the clock ticks closer to the time where its either collapse or consolidation. Ukraine, like Syria, is a vital chess piece in this grand game of strategy and resource allocation.

Today Senior Russian Advisor Sergei Glazyev stated that they would sell all their U.S. debt if sanctions were put in place against them. On top of that he suggested that Russia would drop the dollar in its international trade. This clearly states that the U.S. dollar would no longer be considered the reserve currency by Russia.

Considering China has made it known that they side with Russia over the Ukraine situation, it doesn’t take a stretch of the imagination to see China also selling their U.S. debt.

Though I do not think this will happen. These threats are keeping with the Hegelian Dialectic pattern which we have been discussing. The sovereign debt crisis and currency crisis around the world will be used as the pretext to shift the reserve currency status away from the dollar and to the SDR. Problem, reaction, solution. See SDR’s and the New Bretton Woods Part Three – The Real Global Currency Reset.

As the major monetary changes take place we can watch for changes to the dollar and its reserve status as a sign of the coming integration to a multilateral system and reset of the world’s currency and commodity values as they unpeg from the American dollar and peg to the SDR. See The New Exchange Rate System.

The end goal is the SDR as the multilateral reserve currency and sovereign debt consolidated or restructured through the International Monetary Fund. So Russia threatening the dollar fits perfectly within the script being presented.

In order for the SDR’s status to be expanded the United States Congress must pass the IMF 2010 Code of Reforms, also known as Governance Reforms and Quota Reforms. These reforms allow the Executive Board of the IMF to be restructured to more accurately reflect the economic reality of the world today. The emerging markets, mainly represented by the BRICS countries, Brazil, Russia, India, China, and South Africa, require equal power within the IMF.

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It is collectively agreed that the dollar is now causing all the economic problems in the world. With equal representation on the Executive Board it will be only a matter of time before the dollar is pushed aside and the SDR made the multilateral reserve currency.

This will lead to macroeconomic stability through centralization. This macro centralization will be off-set by regional and local decentralization with a focus on micro economic growth and resource commodity production. Some of these micro regulations will put into place self-limiting legislation to prevent further transfer of wealth from the large disorganized masses by the small rent seeking elite. See What Are Conspiracy Theories?.

These Code of Reforms were agreed to by all G20 countries in 2010 but the United States Congress has refused to pass the required legislation to support the changes. Last month the G20 met again in Australia and once more pushed Congress to pass the legislation by April of this year.

This is where we come back to the crisis in the Ukraine.

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Today, top Republican Senator in the Senate Foreign Relations Committee, Bob Corker, who is writing the legislation for Ukrainian aid said that the IMF Code of Reforms were “on the table”.

The U.S. Treasury itself is asking Congress to connect the Code of Reforms with the Ukrainian package.

On top of that, the Obama administration snuck the Reforms into its proposed 2015 budget which was released today. This budget begins in October of this year.

And the G20 all want the reforms implemented by April.

The Ukrainian crisis is the textbook example of the process which we have been learning about here. Expect more of the same as the system shifts further away from the dollar and closer to the SDR composition. America could never openly admit that they “killed the dollar”. It will have to be hidden within a series of events which create a form of plausible deniability.

The pressure is on Congress to get the Reforms passed so implementation of the new SDR system can begin. The transition from the old dollar system to the new SDR system has begun. Ukraine unpegged their currency from the dollar last week. Russia is now threatening the same. China is not far behind.

The stage is set for the real life drama which we have been exploring. – JC Collins

 

Part I.  Part II.  Part III.  Part IV.  Part V.  Part VI.  Part VII.

 

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When present, JC’s responses to questions and comments in each of the essays provides additional analysis, information, and insights that I think are worth noting.

1. A commenter offered that it seemed like a script was being followed and inquired if the gravitation to the new system is  because it is the only logical solution.

JC – In regards to Obama and Putin following a script or just naturally gravitating towards a logical solution, I would say that its a bit of both. If a solution is going to be designed it has to be the logical extension of the problem, which was also designed.

The wars of the past were about consolidating control within in each country by way of central banks. That process is complete now as we see a further consolidation on a higher level. As well, wars were also fought, especially the world wars, to “facilitate” the mass movement of gold from one region of the world to another region. This gold was used to support the western dominated financial system. We have been seeing the mass movement of gold now for the last few years.

Its easy to think that the same formula will be followed in regards to financial system transitions and wars, but I think this time its going to be different. Lets all hope I’m right, because the alternative is….not logical.

2. Commenter asked about the U.S. voting power at the IMF and cited a document from the Congressional Research Service, “The share of U.S. voting power at the IMF would fall slightly, but the United States would still maintain its unique veto power over major policy decisions.”

JC – Great link containing valuable information. Lets attempt to break it down into understandable components. First, the US has to agree to the changes to the Executive Board which requires an 85% vote. The changes to the board give the emerging economies more balanced voting power when it comes to quota amounts, allocations, compositions, and reforms. Second, once the reforms to the Executive Board are completed, the US will still have veto power over major policy changes, which are in essence further changes to the boards itself. Third, once the board is reformed, you will notice that any changes to quota amounts, allocations, compositions, and yearly reforms, only require a 70% vote. This is where the initial changes to the board itself are important. By restructuring the board, the US is sharing its vote over the quotas and all related decisions. A vote of 85% is required for any board reforms. A 70% vote is required for quota reforms. Once the board is reformed to reflect the economic realities of the emerging markets, the quota reforms is where the majority of the financial transition is going to take place. There is still lots to research and understand here.

BEST CONGRESS EVER!!!!

10 comments

Posted on 6th August 2014 by Administrator in Economy |Politics |Social Issues

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“The more corrupt the state, the more numerous the laws.” – Tacitus

I read another article in the liberal rag Phila Inquirer that made me laugh. It explains the liberal mindset and how they want to control every aspect of our lives. The ridiculous article attempted to classify this current Congress as a complete failure because they have passed the least amount of laws in Congressional history.

These blithering idiots actually associate passing new laws to restrict our freedoms, liberties and rights as a measurement of success. The more laws they pass the more successful. That is the most asinine thought process conceivable, but that is the country we occupy. Do gooders and control freaks think they know what is best for the peasants. Controlling and corralling the sheep is of the utmost importance.

The sheeple have been convinced through social engineering, propaganda and conditioning that government must constantly be passing laws to protect us, solve some problem the government created with previous legislation, or create a new program to spend our tax dollars.

ALL HAIL THE DO NOTHING CONGRESS OF 2014!!!

BEST CONGRESS EVER!!!

 

WE SHALL OVERCOME

14 comments

Posted on 25th June 2014 by Administrator in Economy |Politics |Social Issues

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Watching a bunch of hypocritical captured asshole politicians pretend they don’t hate each others guts while singing a song they don’t know to honor someone whose name evokes fear if you turn down a street named after him is painfully entertaining. It doesn’t get any better than this.

“I watched killers being executed by the State of Arkansas. They looked happier and more at ease than this.”Ron Fournier

Heading Into Midterm Elections, Confidence in Congress Hits Record Low 7%

10 comments

Posted on 19th June 2014 by Administrator in Economy |Politics |Social Issues

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Screen Shot 2014-06-19 at 10.51.15 AMIt’s no surprise to anyone that Americans have zero faith in their so-called “Representatives.” The vast majority of these folks are lying, thieving, white-collar criminals, and we all know it. The real question is what, if anything, are we going to do about it?

I’m not someone who believes in centralized power, and I question whether in a world with the technological connectivity we have today, if we actually need to vote for someone else to vote for us. This seems like an extremely inefficient and outdated process. I haven’t yet come to my own conclusions on what specifically might be a preferable system, but I am certainly a proponent of decentralizing government and the political process itself. For more on this concept, I suggest, reading the following post from last week: The Coming Digital Anarchy.

 

While I do think our current system of government is overly centralized and outdated, I still think it’s important to send these corrupt political cronies a message as long as this system remains in place. This is already happening, as we saw with Dave Brat’s stunning victory over corporatist kingpin Eric Cantor. Furthermore, it appears Democrats are also at serious risk from the public’s disdain, as 22-term Rep. Charlie Rangel is finding out now (for more of my thoughts on this read, Is Charlie Rangel the Next to Go? 22-Term New York Democrat Faces Serious Primary Threat).

Moving along, the latest article from Gallup contains some stunning revelations as well as a shocking statement. First of all, it reports how only 7%  of Americans say they have “a great deal” or “quite a lot” of confidence in Congress. This is a record low since the question was first asked in 1974, and handily beats the prior low of 10% in 2010. Moreover, it was the lowest Gallup has recorded for any institution in the 41-year trend.” If you don’t think this is hugely important, think again. The 4th Turning is alive and well.

We learn from Gallup that:

WASHINGTON, D.C. — Americans’ confidence in Congress has sunk to a new low. Seven percent of Americans say they have “a great deal” or “quite a lot” of confidence in Congress as an American institution, down from the previous low of 10% in 2013. This confidence is starkly different from the 42% in 1973, the first year Gallup began asking the question.

Americans’ current confidence in Congress is not only the lowest on record, but also the lowest Gallup has recorded for any institution in the 41-year trend. This is also the first time Gallup has ever measured confidence in a major U.S. institution in the single digits. Currently, 4% of Americans say they have a great deal of confidence in Congress, and 3% have quite a lot of confidence. About one-third of Americans report having “some” confidence, while half have “very little,” and another 7% volunteer that they have “none.”

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So how do Americans view many of the other institutions in society?

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The most interesting aspect of the above is the fact “news on the internet” is more trusted than “television news.” The most disturbing part of the above is that the popularity of the military makes come sort of coup a serious concern down the road if we have a serious collapse.

Now here’s the most shocking line from Gallup:

The dearth of public confidence in their elected leaders on Capitol Hill is yet another sign of the challenges that could face incumbents in 2014′s midterm elections – as well as more broadly a challenge to the broad underpinnings of the nation’s representative democratic system.

Gallup seems to believe that the corruption in D.C. poses an existential threat to the nation itself. I agree. This is why we cannot settle for small cosmetic changes at the edges of the current system, which as academics from Princeton and Northwest proved, is an oligarchy. We need wholesale systemic change, preferably a radical shift into decentralized political, social and economic structures. The more centralized power is, the more ripe for corruption. As we are seeing today.

Full article here.

In Liberty,
Michael Krieger

DO YOU REALLY THINK ELECTIONS MATTER?

22 comments

Posted on 23rd May 2014 by Administrator in Economy |Politics |Social Issues

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One Party Under Wall Street, With Surveillance & Injustice For All, Except the Ruling Class

Make sure you vote to change things – ROTFLMAO