In early October Newbill looked at the perils that might happen due the government not paying its bill and the debt ceiling. What would happen in America fiscal policies led to an economic collapse? Read and see.
JRH 11/1/13
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Is Homeland Security Preparing for the Next Wall Street Collapse?
Sent: 10/9/2013 9:57 AM
Reports are that the Department of Homeland Security (DHS) is engaged in a massive, covert military buildup. An article in the Associated Press in February confirmed an open purchase order by DHS for 1.6 billion rounds of ammunition. According to an op-ed in Forbes, that’s enough to sustain an Iraq-sized war for over twenty years. DHS has also acquired heavily armored tanks, which have been seen roaming the streets. Evidently somebody in government is expecting some serious civil unrest. The question is, why?
Recently revealed statements by former UK Prime Minister Gordon Brown at the height of the banking crisis in October 2008 could give some insights into that question. An article on BBC News on September 21, 2013, drew from an explosive autobiography called Power Trip by Brown’s spin doctor Damian McBride, who said the prime minister was worried that law and order could collapse during the financial crisis. ….
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The Next Time WILL Be Different
What triggered the 2008 crisis was a run, not in the conventional banking system, but in the “shadow” banking system, a collection of non-bank financial intermediaries that provide services similar to traditional commercial banks but are unregulated. They include hedge funds, money market funds, credit investment funds, exchange-traded funds, private equity funds, securities broker dealers, securitization and finance companies. Investment banks and commercial banks may also conduct much of their business in the shadows of this unregulated system.
The shadow financial casino has only grown larger since 2008; and in the next Lehman-style collapse, government bailouts may not be available. According to President Obama in his remarks on the Dodd-Frank Act on July 15, 2010, “Because of this reform, . . . there will be no more taxpayer funded bailouts — period.”
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When depositors cannot access their bank accounts to get money for food for the kids, they could well start breaking store windows and helping themselves. Worse, they might plot to overthrow the financier-controlled government. …
Fear of that result could explain the massive, government-authorized spying on American citizens, the domestic use of drones, and the elimination of due process and of “posse comitatus” (the federal law prohibiting the military from enforcing “law and order” on non-federal property). Constitutional protections are being thrown out the window in favor of protecting the elite class in power. (READ ENTIRETY; Is Homeland Security Preparing for the Next Wall Street Collapse? By Ellen Brown; OpEdNews; 10/8/2013 at 14:54:17; Read Page 2)
The Real Crisis Is Not The Government Shutdown
http://paulcraigroberts.org/2013/10/02/real-crisis-government-shutdown-paul-craig-roberts/
The inability of the media and politicians to focus on the real issues never ceases to amaze.
The real crisis is not the “debt ceiling crisis.” The government shutdown is merely a result of the Republicans using the debt limit ceiling to attempt to block the implementation of Obamacare. If the shutdown persists and becomes a problem, Obama has enough power under the various “war on terror” rulings to declare a national emergency and raise the debt ceiling by executive order. An executive branch that has the power to inter citizens indefinitely and to murder them without due process of law, can certainly set aside a ceiling on debt that jeopardizes the government.
The real crisis is that jobs offshoring by US corporations has permanently lowered US tax revenues by shifting what would have been consumer income, US GDP, and tax base to China, India, and other countries where wages and the cost of living are relatively low. On the spending side, twelve years of wars have inflated annual expenditures. The consequence is a wide deficit gap between revenues and expenditures.
Under the present circumstances, the deficit is too large to be closed. The Federal Reserve covers the deficit by printing $1,000 billion annually with which to purchase Treasury debt and mortgage-backed financial instruments. The use of the printing press on such a large scale undermines the US dollar’s role as reserve currency, the basis for US power. Raising the debt limit simply allows the … (READ THE REST; The Real Crisis Is Not The Government Shutdown; By Paul Craig Roberts; PaulCraigRoberts.org; 10/2/13)
Obama Destroying Dollar, China to Take U.S. Land for DEBT: Ann Barnhardt Video
VIDEO: OBAMA DESTROYING DOLLAR, CHINA to TAKE U.S. LAND for DEBT: Ann Barnhardt
Discussed in this interview:
*Government Shutdown, all “Theater” – (1:45)
*Obamacare to be Defunded? – (14:10)
*Difference Between the Republican and Democrat Parties? – (22:05)
*Events that might Trigger War or Financial Collapse – (33:12)
*Debt Ceiling Raised Till Debt Implodes; China to Take U.S. Land for Debt? – (36:00)
Read more at http://investmentwatchblog.com/obama-destroying-dollar-china-to-take-u-s-land-for-debt-ann-barnhardt
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This is incredible … you are not going to believe this!!!
Sent: 10/12/2013 9:02 AM
http://www.naturalnews.com/042427_Obamacare_private_details_Trojan_Horse.html
Warning: Enrolling in Obamacare allows government to link your IP address with your name, social security number, bank accounts and web surfing habits
(NaturalNews) We have already established that Healthcare.gov is not a functioning database application that allows people to shop for competing health plans. It is actually a government-run Trojan Horse that suckers people into creating accounts where they hand over:
• Name and address
• Email address and password
• Social security number
• Private bank account details
• Employer details and other information
During the enrollment process, your computer also hands over your IP address which is then tied to your social security number.
This IP address is then handed over to the NSA thanks to its new mega-black-hole data center in Utah, where your IP is cross-referenced with all website visits, including:
• “Anti-government” websites
• Porn sites
• Gambling sites
• File sharing sites
• “Terrorism” support sites
• Encryption service sites like Hushmail
• Chat rooms, message boards and more
Armed with this information, the NSA can then link your seemingly-anonymous online chats, comments and posts with your social security number. Linguistic algorithms can “score” your online posts to create red flags that call for additional investigations of anyone using words like “liberty” or “patriot.”
This information can then be turned over to … (READ THE REST: Warning: Enrolling in Obamacare allows government to link your IP address with your name, social security number, bank accounts and web surfing habits; By Mike Adams; NaturalNews.com; 10/10/13)
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Check out what Sebelius says here
Sent: 10/12/2013 10:12 AM
http://www.youtube.com/watch?v=e5z7i1H2z7U
Sebelius: We Are Bringing Western Civilization to Its Knees With Obamacare
http://code-interactive.com/ad-in/2013/10/the-most-infuriating-10-minutes-of-your-life/
Jon Stewart recently had HHS Secretary Kathleen Sebelius on his show to defend the debacle that is Obamacare. Little did he know he would be providing content for the most infuriating 10 minutes of your life.
First, Sebelius fumbles as she tries her best to defend the glitches in the program launch in which thousands of users were denied access to the websites. Then, she absolutely bombs when Stewart asks her a reasonable question: why are big corporations getting exemptions when everyday Americans aren’t? Steward had an answer that Sebelius couldn’t admit: it’s because big corporations have lobbyists; everyday Americans do not.
Stewart gets close to the real answer to all of this when he questions the mandate: why should individuals be forced to do something they don’t want?
Sebelius’s answer is that everyone must get health insurance (except for big corporations with lobbyists) because we don’t know when we’ll get sick, so you must pay for insurance regardless of whether you have high risk.
The problem with that mentality is that it artificially increases the demand for insurance, which inflates the cost of the product and inevitably creates a bubble, similar to the housing bubble in the 2000s. What’s more is that the government is … (READ THE REST: The Most Infuriating 10 Minutes of Your Life; By TAP 1; Ad-in; 10/8/13)
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Oh isn’t This Great News…..
Sent: 10/12/2013 11:33 AM
http://www.youtube.com/watch?v=5W6eL4OosJE
The End Goal!
http://www.dailysquib.co.uk/index.php?news=3089
Henry Kissinger: “If You Can’t Hear the Drums of War You Must Be Deaf”
NEW YORK – USA – In a remarkable admission by former Nixon era Secretary of State, Henry Kissinger, reveals what is happening at the moment in the world and particularly the Middle East.
Speaking from his luxurious Manhattan apartment, the elder statesman, who will be 89 in May, is all too forward with his analysis of the current situation in the world forum of Geo-politics and economics.
“The United States is baiting China and Russia, and the final nail in the coffin will be Iran, which is, of course, the main target of Israel. We have allowed China to increase their military strength and Russia to recover from Sovietization, to give them a false sense of bravado, this will create an all together faster demise for them. We’re like the sharp shooter daring the noob to pick up the gun, and when they try, it’s bang bang. The coming war will be so severe that only one superpower can win, and that’s us folks. This is why the EU is in such a hurry to form a complete superstate because they know what is coming, and to survive, Europe will have to be one whole cohesive state. Their urgency tells me that they know full well that the big showdown is upon us. O how I have dreamed of this delightful moment.”
“Control oil and you control nations; control food and you control the people.”
Mr Kissinger then added: “If you are an ordinary person, then you can prepare yourself for war by moving to the countryside and building a farm, but you must take guns with you, as the hordes of starving will be roaming. Also, even though the elite will have their safe havens and specialist shelters, they must be just as careful during the war as the ordinary civilians, because their shelters can still be compromised.”
After pausing for a few minutes to collect his thoughts, Mr Kissinger, carried on: “We told … (READ THE REST: Henry Kissinger: “If You Can’t Hear the Drums of War You Must Be Deaf”; By Alfred Heinz; Daily Squib; 11/27/11 09:40:00)
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This Story Makes me Sick…..
Sent: 10/16/2013 8:58 AM
The Politics and then the reality behind the scenes of Politics is what this story portrays, and it makes me sick to think that we the people are so ignorant to think that today’s 2 party system is our way to sustain Liberty!!!!
http://shoebat.com/2013/10/15/ann-coulter-raises-important-question-liz-cheney/
Ann Coulter raises important question about Liz Cheney
During an appearance on Hannity, Ann Coulter singled out Republican establishment figures and identified them as ‘shysters’. Of all the ones she mentioned, Hannity took most exception to one – Liz Cheney. To this point, Coulter comes closest to our concerns about the daughter of the former vice president. The former asks a very important question relative to Cheney that many conservatives are willing to overlook because of a perception that Cheney is more conservative than her soon-to-be Republican primary opponent, incumbent Mike Enzi. Here is the relevant part of the exchange:
VIDEO: Ann Coulter says Liz Cheney a ‘Shyster’
The good news is that Coulter may be reaching the right conclusion albeit for incomplete reasons. The bad news is that some critical questions may need to be asked about Cheney and, to this point, Hannity exemplifies someone unwilling to ask them because he’s accepted the premise that she is an unabashed conservative. Coulter raises one of those questions, which is:
Why is Liz Cheney spending her time running against one of the most conservative Republican incumbents in the U.S. Senate? Could not her time be better spent elsewhere?
Coulter chalks it up to ego and an unhealthy dose of self-interest, which may be true. She’s asking a legitimate question and … (READ THE REST: Ann Coulter raises important question about Liz Cheney; By Shoebat Foundation; Shoebat.com; 10/15/13)
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So what would be the best way to see the U.S.A. go in dealing with its debts and obligations under these 2 scenarios?
Sent: 10/16/2013 10:57 AM
Would a default give Obama unprecedented presidential power?
Dennis Kucinich explains theory
Sequesters, Shutdowns and Defaults
http://leconomistamascherato.blogspot.com/2013/10/sequesters-shutdowns-and-defaults.html
http://www.huffingtonpost.com/stephen-zarlenga/sequesters-shutdowns-and-_b_4086071.html
in 225 years has the full faith and credit of the United States been held to ransom. But also never in 225 years has a solution been ready that can resolve this problem: the monetary reform bill HR2990 introduced into the 112th Congress by Dennis Kucinich.
For the 95th time in the last 67 years, Congress and the president are confronted with passing legislation to raise the “debt ceiling.”
What citizens should know is that our country can pay off its debt as it comes due; can put millions of people back to work rebuilding our crumbling infrastructure; can provide debt-free federal support for cash-strapped State governments, and end the so called great recession by putting cash in the hands of all our citizens through a citizens dividend. This gives small businesses what they need most – customers with cash to spend on their goods and services. All these things are made possible by the HR 2990 bill introduced by Dennis Kucinich and co-sponsored by John Conyers.
The bill accomplishes this by adjusting our money system from one of “debt money created by banks” when they make loans, to one of “money by law” created as money, not as debt, by our government. That power is already vested in Congress by the Constitution; “The Congress shall have the Power To… coin Money, regulate the Value thereof…” (Article 1, Section 8).
Congressmen should re-introduce and pass H.R. 2990, The National Emergency Employment Defense Act (NEED) that Congressmen Kucinich and Conyers sponsored in the last Congress.
The banking class and their economists have spread confusion over the nature of money. The confusion is largely responsible for the present misdirection of our leaders. So they allow the destruction of the American middle class, and of our democracy, our privacy and civil liberties. Even the planet is now threatened by degradation of Earth’s environment.
Throughout our history, great leaders such as Benjamin Franklin, John Adams, Thomas Jefferson, Andrew Jackson, Martin Van Buren, Wright Patman, Henry Gonzalez and Dennis Kucinich have confronted banks over the main question in our nation’s past: Who should have the power to create money – the banks for the enrichment of their “elite” owners, or the people through their elected representatives, to promote the general welfare and benefit our entire society.
Congress squabbles but the present system just can’t relieve or solve the problem —because the debt money system itself is the problem!
How The NEED Act Solves the Problem in 3 major steps:
1) The Federal Reserve is incorporated into our government, where people think it is now. A new Monetary Authority is established to avoid both inflation and deflation.
2) Simple accounting rule changes will prohibit banks from creating what we use for money by decisively ending fractional reserve lending. Banks would lend real money they have or receive from savers. This is what people think happens now.
3) Government creates and spends new money into circulation for infrastructure, education and health care; starting with the $2.2 trillion the engineers say we need to make our infrastructure safe, over the next 5 years. This alone will create over 7 million good jobs quickly.
Additionally: The national debt gets paid off as it comes due. If we continued with a “debt-money” system, we could never pay off the debt. The NEED Act provides a tax free Dividend to get money into the hands of all our citizens; and has a provision where … (READ THE REST: Sequesters, Shutdowns and Defaults; By Stephen Zarlenga; L’economista ($)mascherato; Posted 10/15/13)
[Blog Editor: I have to admit I was a little leery about Tony Newbill using the opinion of a Left Wing ideologue writing originally for HuffPo; however if his idea is modified away from such things as Marxist-Green thinking then ending the Fed and banks controlling how money is created is a good thing. The problem I have Zarlenga’s removal of money-control from banks is he strongly believes that Big Government should completely take on that role. Zarlenga vainly tries to veil Big Government control by saying representative members of both Houses of Congress would control the shots on government control. The reality absolute government control would go to the Executive Branch in which Obama has proven that Left Wing POTUS executes laws by fiat without Congress. Money-control should not be in the hands of Elitist Crony Capitalists (Banks/Fed) nor the hands of Big Government. Perhaps an innovative Free Market person can develop something like the Fed but accountable to voters rather than an Executive Branch appointment or Congressional approval.]
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© Tony Newbill
Edited by John R. Houk
The Conservative-Patriot Christian Right 