The World Holds Suicidal America Hostage

Tuesday, 25 March 2014 08:02 JC Collins

This article was written by JC Collins and originally published at PhilosophyOfMetrics.com

With March quickly coming to an end it appears there will be no passage of supporting legislation in Congress for the IMF 2010 Quota and Governance Reforms.

On Friday, the House of Representatives introduced a new aid bill for Ukraine which did not include the reforms. An earlier version of the bill did in fact include the reforms.

We are entering into a situation where the G20 countries have told the United States that they have until the Finance Ministers and Central Bank Governors meeting on April 10th and 11th to enact the required supporting legislation for the IMF Reforms.

This meeting is being held in Washington and it will certainly be a few days to remember.

Let’s recall that the G20 countries have stated that they will take aggressive measures to by-pass the United States and its veto power over the IMF Executive Board by the April meeting.

Let’s recall that Russia has threatened to dump its US Treasury Bonds and begin settling trade in other currencies other than the US dollar. As many have predicted, this will be the death of the petrodollar and reserve currency status of the American dollar.

America has but a few weeks to enter into multilateral agreements with the rest of the world and show its willingness to become part of a more balanced and centralized financial system. The financial power of the rest of the world has created a situation for the US where it is collapse or consolidation.

While not paying attention to the obvious sovereign debt crisis the US will have the moment the dollars status is removed, television pundits and government officials will talk America into a corner by saying that they will not be financially held hostage to the whims and desires of corrupt financial institutions which are now controlled by a consortium of special interests.

Like Nixon taking the dollar off its 30% gold peg in 1971, the American people will never be told the truth of why and how international economics has given them a post WW2 life style with the reserve status of the dollar, and how that same lifestyle and image will now be reduced as the reserve currency status is shifted to the centralized SDR system.

America is playing a dangerous game where it thinks that the level of Treasury debt being held in the foreign account reserves of other countries will protect it from a debt default. The consensus is that if the US dollar collapses so will the foreign assets of other countries. As such, its in the best interest of all countries to keep the dollar alive.

One can’t help but wonder if the simplicity of this argument is injected into the social collective to enforce the forthcoming deniability of American administration officials. There is way too much focus put on this component of the US debt and bond issue. How easy would it be for the rest of the world, represented by a disgruntled G20 and International Monetary Fund to aggressively restructure the US debt into the SDR bond allocation and composition system, while using the Bank for International Settlements as the clearing house for all transactions?

One can only think of such historical paradigm shifts as the Versailles Treaty and the end of the Ottoman Empire.

The US dollar will be removed from its current status as primary reserve currency and the world will move towards a centralized SDR system. Of this there is little doubt. When even China and Russia are calling for the implementation of this very same system, and resource rich countries like Canada and Australia also supporting the IMF restructuring, not to mention currency swap agreements with China and the establishment of renminbi trading hubs, the transition becomes imminent.

America will cry victim. It has become the hostage to a world which it held hostage since 1944. It’s karma has come full circle.

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US Now Spending 26% Of Available Tax Revenue Just To Pay Interest

By Simon Black Sovereign Man

March 25, 2014
Sovereign Valley Farm, Chile

By the 19th century, the Ottoman Empire had become a has-been power whose glory days as the world’s superpower were well behind them.

They had been supplanted by the French, the British, and the Russian empires in all matters of economic, military, and diplomatic strength. Much of this was due to the Ottoman Empire’s massive debt burden.

In 1868, the Ottoman government spent 17% of its entire tax revenue just to pay interest on the debt.

And they were well past the point of no return where they had to borrow money just to pay interest on the money they had already borrowed.

The increased debt meant the interest payments also increased. And three years later in 1871, the government was spending 32% of its tax revenue just to pay interest.

By 1877, the Ottoman government was spending 52% of its tax revenue just to pay interest. And at that point they were finished. They defaulted that year.

This is a common story throughout history.

The French government saw a meteoric rise in their debt throughout the late 1700s. By 1788, on the eve of the French Revolution, they spent 62% of their tax revenue to pay interest on the debt.

Charles I of Spain had so much debt that by 1559, interest payments exceeded ordinary revenue of the Habsburg monarchy. Spain defaulted four times on its debt before the end of the century.

It doesn’t take a rocket scientist to figure out that an unsustainable debt burden soundly tolls the death knell of a nation’s economy, and its government.

Unfortunately, it can sometimes take a rocket scientist to figure out what the real numbers are; governments have a vested interest in not being transparent about their debts and interest payments.

In the Land of the Free, for example, the government routinely doesn’t count interest payments that they make to the Social Security Trust Fund.

They’ve managed to convince people that those debts don’t matter ‘because we owe it to ourselves.’

Apparently in their minds, solemn promises made to retirees simply don’t count.

It’s like a person who is in debt up to his eyeballs with both credit card companies and family members has no compunction about stiffing Grandpa.

Obligations are obligations, no matter who they’re owed to.

Taking this into account, total US interest payments in Fiscal Year 2013 were a whopping $415 billion, roughly 17% of total tax revenue. Just like the Ottoman Empire was at in 1868.

Here’s the thing, though– it’s inappropriate to look at total tax revenue when we’re talking about making interest payments.

The IRS collected $2.49 trillion in taxes last year (net of refunds). But of this amount, $891 billion was from payroll tax.

According to FICA and the Social Security Act of 1935, however, this amount is tied directly to funding Social Security and Medicare. It is not to be used for interest payments.

Based on this data, the amount of tax revenue that the US government had available to pay for its operations was $1.599 trillion in FY2013.

This means they actually spent approximately 26% of their available tax revenue just to pay interest last year… a much higher number than 17%.

This is an unbelievable figure. The only thing more unbelievable is how masterfully they understate reality… and the level of deception they employ to conceal the truth.

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End Result: “The Total Devastation of Everything That You Know”

Mac Slavo
March 22nd, 2014
SHTFplan.com

If you are an observer of the goings-on in the world and how the political, administrative and business elite operate, you have likely come to the conclusion that the whole situation is mind-boggling.

Millions of hard working Americans and our counterparts around the world alike sit at the very brink of an unprecedented economic collapse orchestrated by the financial and economic machinations of the privileged few. They speak of belt tightening, the need for sacrifices and often mandate extreme taxation, promising that these strategies will make life better for everyone. Yet, while we struggle to put food on the table and keep roofs over our heads they enjoy lavish multi-million dollar vacations, state dinners, and unfathomable wealth as they indenture the rest of us and our progeny to lifetimes of servitude.

On the political front, leaders from the United States, Europe, China, Russia, Iran and just about every other nation on earth often speak of cooperation and are nominated for the highest of peace honors, while behind the scenes they mobilize armies and spew rhetoric whose outcome can only lead to widespread conflict. They seem completely devoid of consideration for the billions of lives that will be affected should the world, once again, be thrust into war.

At every turn the people are being deceived and led to slaughter like sheep.

In his most recent commentary Charlie McGrath of Wide Awake News puts things into perspective, warning that it is these very behaviors of the elite and the apathy of the American people that will invariably lead to America’s apocalyptic demise:

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The Process Of Killing The Dollar

By Douglas J. Hagmann

22 March 2014: I wrote about it nearly one year ago to the day. The Obama agenda is to simply “kill the U.S. dollar,” where the ultimate objective is to implement an international currency in tandem with a system of global governance. Some people laughed, saying it was hype. Others held a death grip onto their normalcy bias, saying it was not possible. Exactly a year later, the stage is being set for the murder of the U.S. dollar. This is a process that has been long in the planning, and is no accident, nor is it a result of the amateurish handling of our economic affairs by the Obama regime or the last few presidential administrations. It is a deliberate process, covered by the fog of the geopolitical machinations between the U.S., Russia and the controlling power elite.

The U.S. dollar is now exhibiting signs of cheyne-stoking, as it is in its last phase of life. It is obvious not only by “Old Yellen’s” lipstick-to-pig process, but by the actions of Russia in response to our caliphate building process in the Levant and Eastern Europe. It is asymmetrical warfare at the highest of levels, as Putin knows the sting created by the deliberate destruction of the Ruble from years ago.

Those who don’t yet understand what is taking place may be enlightened by rereading my article from March 30, 2013, which contains information given to me by an intelligence insider and is actively taking place as I write this. For the current state of our economic affairs, Tyler Durden of Zero hedge explains the active process well in his article “Petrodollar alert: Putin Prepares to Announce Holy Grail Gas Deal with China.” While the eyes of the world are transfixed in thousand yard stares at their televisions in a new reality show involving the disappearance of a Boeing 777, our wealth is being plundered.

This is all part of a process that ties together seemingly disparate events such as the Arab Spring, the take-over of Libya, the continued attempts to destabilize Syria, and, of course, our meddling in Ukraine. All of these events are interrelated, as are the so-called “banker deaths,” which are obviously much more. One simply has to step back and look at the big picture to understand exactly how we are being led into a global governance of wealth confiscation, redistribution and financial bondage.

Many have wondered why the federal government needs all of the ammunition and military style equipment on the streets of America. When people suddenly realize that they have no more retirement or savings left and no way to sustain themselves, it will get ugly. Some will be convinced that it was all a series of unfortunate misdeed, or some cosmic accident that Americans and those who trade with the U.S. dollar are unable to buy food, gas and other necessities. In reality, however, it was all planned long ago. Soon, we’ll see the effects of those plans.

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Are We On The Precipice Of A Collapse?

Warning: Some viewers may find this information disturbing as they are awakened from their slumber.

 

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If You Ever Wanted To Do Something, Do It Now. It’s All About To Blow Sky High.

by ajfloyd

The Russians pulled their Treasury bonds out of New York. And Russian corporations are pulling their money out of US banks. These are key signs that the dollar and the current US puppet government could collapse long before the 2016 elections. The dollar could never survive the sanctions Obama and Kerry are threatening. If we are lucky, President Putin of Russia and President XI Jinping of China, are too busy laughing at John Kerry to pay attention. It is not in China’s interest to force America into bankruptcy before China has squeezed every last gold bar out of US and London vaults. Their goal is to replace the dollar as the world’s reserve currency with a gold backed yuan.

America is on the verge of collapse. The occupying Power of the Bankers has bled us dry with their wars and their Ponzi schemes. They have stolen tens of trillions of dollars from our pensions and savings and sent it overseas. The Bankers are financially prepared if the dollar is collapsed when their puppet President imposes sanctions on Russia or makes some other strategic blunder in June of 2014 or maybe March 2015.

The dollar might survive past April of this year. But it might not. The dollar might even last a few months. But I don’t see how this precarious Dollar Bubble could possibly last until the next President takes office in January of 2017.

I have written of the clash between the Russo-Chinese alliance and the New World Order. But I do acknowledge that the West’s 30 families like the Rothschilds have extensive holdings inside Russia and China.

The Rest Of The Story Here

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