[ Ed. note – The author of the following piece makes a strong case for why the dollar is headed for collapse. The Fed, he says, is planning to deliberately trigger a financial crisis, and he discusses how that will lead to a period of hyperinflation similar to what existed in the German Weimar Republic in the early 1920s. Basically “Quantitative Easing” is being ditched and what will be imposed instead is its reverse, “Quantitative Tightening.” ]
Video Rebel’s Blog
On the Bright side it is not looking good for the US War Machine either.
Jim Rickards is a financial consultant to the CIA and Pentagon. He participates in War Games. Of the 2009 War Games he recently said that the object was not to defeat the enemy or win the war but rather to inflict relatively more damage on them than you. In case you were wondering about the Pentagon that statement should remove all doubts. They are are not looking for another General Patton.
He also mentioned Pentagon plans to strike North Korea in the next 6 months or so. Of course Russia and China have said not to consider a first strike option. More about WW III later.
[ Ed. note – The analyst in the above video gives a nice presentation on how the Federal Reserve is basically ripping off the public. What he doesn’t mention is that since it was set up in 1913, the Fed has had a total of 15 chairmen, at least 5, and possibly 6, of whom have been Jewish. Or to put it another way, roughly a third of all chairmen have been members of a population group constituting less than two percent of the US population. This includes the current Fed chairwoman, Janet Yellen.
Russian Tsar Nicholas II and family–all murdered by the Bolsheviks
[ Ed. note – Lately RT has been featuring on its website an ongoing retrospective on the 1917 Russian Revolution. This of course was a momentous event in history, and the way RT has chosen to mark it is kind of creative. With each new day they publish a “news story” on events of a hundred years ago, though the story is written in such a way as to make it seem as if the events are happening in the present.
New York–The Federal Reserve today held a press conference to issue an appeal for suppliers of thin air.
“We at the Fed are alarmed that we are running short on the very valuable commodity used to issue our notes, thin air,” said Fed Chair Janet Yellen. She continued, “We first noticed that our supplies of thin air were running dangerously low prior to the General election, but chose to not bring up this emergency so as not to influence the voters, but we are now approaching emergency status, with our supplies of thin air getting precariously low to successfully operate.”
By Paul Craig Roberts
What does it mean?
Hopefully, a breakup of the EU and NATO and, thereby, the avoidance of World War III.
[ Ed. note – I certainly would not describe myself as a Republican. I think both parties, Republican and Democrat, are rotten to the core and have sold out the people of this country, but it is rather curious that the overwhelming majority of supporters of Rand Paul’s bill requiring an audit of the Federal Reserve (see a full list of co-sponsors here ) are Republicans, while the overwhelming majority of those who voted against it were Democrats. Paul introduced the bill last year. It came up for a preliminary vote in the Senate today. The legislation failed to get the 60 votes needed to overcome a Democratic filibuster. The vote tally was 53 ayes-44 nays. Bernie Sanders voted with the Republicans. Ted Cruz did not show up to vote at all. The “hope and change” Obama administration and the Federal Reserve itself were on the same side–both opposed the legislation. ]
I normally don’t post much on the subject of economics. I’m not an economist and I don’t know a whole lot about the subject, and am more than happy to leave the topic for others more knowledgeable than I.