Some very interesting developments have occurred in the world of Petty Despots, namely Laurent Ghabo of the Ivory Coast and “Baby Doc” Duvalier of Haiti. Larry appears to be defaulting on some loans and has had all his Assets frozen by “Authorities” in Switzerland, while Baby Doc returned to Haiti and then was promptly arrested and then mysteriously released. This is all some very confusing stuff to try to get a handle on.
Now, Ghabo appears to have a few tons of possessible Gold keeping him nominally Rich for the moment despite the fact his other financial assets are frozen. However, it is unclear where Ghabo might go with his pile of Gold where they will allow him to keep it. One suspects wherever he goes, the “authorities” in Switzerland will send a Repo Squad to wherever he turns up and divest him of it in order to pay off some of his outstanding debts. One also suspect whatever country he goes to will cooperate with the Swiss “authorities”, since if they don’t their own financial assets might get frozen also for aiding and abetting a Financial Criminal, as defined by of course, the Swiss “Authorities”.
One of my favorite financial Bloggers, Ambrose Evans-Pritchard often uses the term “Authorities” when talking about the folks in Brussels who run the EMU, World Bank and IMF offices situated there. What I would like to know is why they have “authority” over anything? Have these folks been voted into their offices of authority by anybody anywhere? Why do they get to decide whose assets get Frozen?
At the same time Ghabo is doing a disappearing act from Ivory Coast, Baby Doc Duvalier reappears in Haiti a quarter century after being deposed. Does anyone here suppose Baby Doc did this willingly? He is returning there to Save Haiti all of a sudden? There is a popular uprising among the Quake Vicitms longing for the good old days when a Duvalier was in charge of torturing people? What?
Here is my WAG on Baby Doc. He’s been living “peacefully” in France for the last 25 years, doubtless on tons of Haitian Assets he absconded with, but with all the shit going on in Haiti now, said assets aren’t paying off anymore, and Creditor “Authorities” in Switzerland informed him that if he didn’t get his ass back to Haiti and take control of them he would have whatever assets he stole Frozen. His Job is to get those assets paying off again, which he promises to do with the help of a squad of Halliburton Mercs and perhaps some local Gangstas he might have some family connections to.
Ghabo is in a disputed election with some other despot named Ouattara, who apparently is the Most Favored Puppet by the UN Globalists, who are holding some $3B in IMF “aid’ hostage until Ghabo officially steps down. Ouattara clearly has cut deal with the IMF letting them know he is the BEST Puppet, and will make sure to give them all the cheap cocoa they want to sell at as high a price as they want on the international markets.
To an extent, this is all BAU down in the banana republics, except for the fact that for the most part the system has been in a status quo holding mode for the last 25 years, but now all of a sudden Dictators are changing faster than LLPOH swallows Smokey’s throat yogurt.
This effect isn’t limited to African and Latin American Banana Republics, the Irish are about to depose Brian Cowen, and Belgium which is home to Brussels hasn’t had a functioning Goobermint in close to a year now. Nevertheless, there are “Authorities” in Brussels who will tell whatever Goobermint does take over in Ireland exactly how they should tax their population and spend their money.
Here in the FSofA, we did a Diaper Change of Congress this last election cycle, and in the next one will likely pick a new Puppet to replace Obama, who also will take his orders from “Authorities” on Wall Street, who themselves are of course taking their marching orders from “Authorities” at the BIS in Switzerland, though of course this still goes on behind the curtain. As the FSofA progreesively morphs into Banana Republic status, its only a matter of time before the Swiss “Authorities” at the BIS attempt to take over explicit control by issuing out some new One World Currency, and doling out just as much of it as they think our “assets” are worth here.
Now, in order to keep the Gravy Train going here at the BIS, they gotta have some Protection Racket to “restore order” in all these places, which for the Banana Republics comes in the form of UN “Peacekeepers”. How many UN Peacekeepers are there anyhow? Who is funding all these Peacekeepers? Its not the boys in Brussels or Zurich, but they are calling the shots as far as where the Peacekeepers get deployed here, until they run out of Peacekeepers.
Long as these disturbances are in Banana Republics, Authorities in Brussels and Zurich can get enough Mercs from the countries that they do control to go in and bust some heads and kneecap debtors as necessary. However, once these problems work their way inward to the major countries, its going to become a whole lot harder to round up enough Mercs to do a decent job of controlling these populations. My guess would be that once Spain and/or Italy start to fail as performing assets that the UN Peacekeeping Force will be out of its League.
Meanwhile, as far as the individual Politicians and Banksters go who like Ghabo and Duvalier used their control over the economic wealth of their countries to build personal fortunes, as varying members of our political and bankster class lose control over performing assets, they will also find their personal stolen hoards Frozen by Authorities at the BIS. Try to flee to parts unknown with a Pile of Gold will be about impossible except for the most inner circle.
The Political Turmoil amongst the Petty Despots and Puppets is a sign of the Pigman v Pigman battle in progress. The small time operators are now getting flushed out and what wealth they stole is getting repoed by bigger thieves. As time goes by, bigger ones still will be thrown under the Bus. In the process, still more Political control will be lost, and just as we have failed states in places like Somalia and pretty much Mexico, eventually even the largest Nation States will become failed states.
Another form of the Petty Despot are the Hedge Fund Managers. Like Puppet Dictators, these folks control a variety of assets, just they are diversified Globally rather than being contained in a single country. In order to Perform and get big returns on their investments, these guys have to lever up to beat the band these days, and eventually the risky assets they hold are not going to be backstopped by Da Fed and there will be margin calls. State Bonds, Munis, SOMETHING here is not going to get backstopped at some point. Da Fed may get a Management Change here as Helicopter Ben is Deposed in favor of John Taylor, who might be this generation’s Andrew Mellon. Liquidate Stocks, Liquidate Real Estate, Liquidate Liquidate Liquidate! LOL. All indicators are that the Illuminati are using the SAME Playbook here, and after a massive attempt at inflation they will rapidly deflate the money supply and force liquidation across the board. Creative Destruction will take on a whole new meaning in that crash. lol.
Anyhow, we appear to be entering the beginning part of this end game. There is a LOT of Musical Chairs being played up at the top of some of the Big Name tech companies all at the same time. Steve Jobs taking a”leave of absence” for “health” reasons, Google CEO swapping seats, and practically the entire board of Hewlett Packard is being replaced. Warren Buffett also stepped off the board at That ALL of these changes are happening at the same time is unlikely to be a Coinkidink.
I have a real good Tinfoil Theory to pitch out here as I ponder on all of this stuff. We know for a FACT that the entire RE market has been one big FRAUD for the last decade, right? Is it beyond the realm of possibility that Google is one big FRAUD also, and has been cooking their books since the Dot Com Bubble collapsed? Personally, I have never really bought their revenue model for monetizing the search engine. I could easily see some Bankster creating an SIV specifically for the purpose of buying Ads on Google to inflate their income, with said SIV funded by some kind of Junk Bonds. All these bonds are basically worthless, there are no real companies behind some of the Ads or they are shell companies over in China, whatever. Accounting standards have been so lax over the last decade ANYTHING is possible here.
Similarly, are Apple’s sales numbers of I-phones and I-pads really accurate? Yes I do see quite a few more people using these toys so probably most of the sales numbers are legit, but really if they have say a 10% shortfall in the numbers they would have to sell on the balance sheet to be showing a Profit, it wouldn’t be too hard to create an SIV in say Singapore and have that fund buy up a warehouse full of I-phones and put them on ice. Da Goobermint of China is doing this with the Cars they are producing, they buy them and then stick them in parking lots.
Remember folks, we have been in a Mania period here for a full decade, and based on the Fraud that occurred in the RE market, why would similar frauds not be undertaken in the Tech market for Toys? For the Bankster originating the loans necessary for some Warehouse owner in Singapore to fill up his warehouse with Iphones the take home profit would be enormous. All he has to do is convince some investors/suckers that his Distributor in Singapore is going to bring home big profits by buying up these Iphones and selling them over in Asia. He pockets a tidy profit once he sells the securities, and the warehouse owner pockets money each time he sells a few Iphones, but most of the Iphones just sit in the warehouse. It takes a while, but eventually the Investors are left holding the bag on a warehouse full of Iphones that they can’t sell except for pennies on the dollar.
Think about the possibilities here folks! Imagine if Google is just one big Enron style Financial Fraud of GARGANTUAN proportions! If/WHEN one of these FRAUDS does exist and finally sees the light of day, there is absolutely NOTHING that could stop a massive liquidation attempt in stocks and bonds across the board. Katy Bar the Door! Defrauded Investors would lose EVERYTHING. Hedge Fund Managers jumping from Wall Street Skyscrapers, the WORKS!
This is NOT a Prediction! Its just a Tin Foil Theory fueled by a few Sam Adams. However, if it happens to be correct, you can say you heard it here first off the keyboard of Reverse Engineer. 🙂
RE
