One 77-year-old’s search for the truth: 9/11, election fraud, illegal wars, Wall Street criminality, a stolen nuke, the neocon wars, control of the U.S. government by global corporations, the unjustified assault on Social Security, media complicity, and the "Great Recession" about to become the second Great Depression. "The most important truths are hidden from us by the powerful few who strive to steal the American dream by keeping We the People in the dark."
“This conjunction of an immense military establishment and a large
arms industry is new in the American experience. The total influence —
economic, political, even spiritual — is felt in every city, every
statehouse, every office of the federal government. We recognize the
imperative need for this development. Yet we must not fail to comprehend
its grave implications. Our toil, resources and livelihood are all
involved; so is the very structure of our society. In the councils of
government, we must guard against the acquisition of unwarranted
influence, whether sought or unsought, by the military–industrial
complex. The potential for the disastrous rise of misplaced power
exists, and will persist. We must never let the weight of this
combination endanger our liberties or democratic processes. We should
take nothing for granted. Only an alert and knowledgeable citizenry can
compel the proper meshing of the huge industrial and military machinery
of defense with our peaceful methods and goals so that security and
liberty may prosper together.” — President Dwight D. Eisenhower
Dwight D. Eisenhower was a five-star general in charge of the
Normandy Invasion and a popular two-term President of the United States.
Today he would be called a “conspiracy theorist.”
Were Ike to be issuing his warning from the White House today,
conservative Republicans like Senators Lindsey Graham (R-SC) and Marco
Rubio (R-FL) would be screaming at Ike for impugning the motives of “the
patriotic industry that protects our freedom.”
Neoconservatives such as William Kristol would be demanding to know
why President Eisenhower was issuing warnings about our own
military-industrial complex instead of warning about the threat
presented by the Soviet military.
The presstitute media would be implying that Ike was going a bit
senile in his old age, a tactic the presstitutes used against President
Reagan as he struggled to end stagflation and the Cold War.
The military-industrial complex had learned that regardless of the
protestations of high-ranking military officers, no cost-overrun, no
matter how egregious, went unpaid. Armaments industries and military
bases were spread all over the country and were important considerations
for every senator and many congressional districts. The chairmen of
House and Senate military appropriations subcommittees and armed
services committees were already dependent on campaign contributions
from the military-industrial complex and for cushy jobs should they lose
The Cold War was a profitable business that served many, and that is why it lasted so long.
There was never any threat of the Red Army invading Europe. Stalin
declared “socialism in one country” and purged the Communist Party of
the Trotskyist element that preached world revolution. An accommodation
could have been reached, except that for the first time ever the
military-industrial complex saw that it could keep the war business
going for decades and perhaps forever.
George F. Kennan predicted that should the Soviet Union “sink
tomorrow under the waters of the ocean,” another adversary would have to
be invented. “Anything else would be an unacceptable shock to the
When the Soviet Union collapsed in 1991, the “Soviet threat” was
replaced with the “Muslim threat” and the “War on Terror” took over from
the Cold War. Despite a succession of false flag attacks and warnings
of a “thirty years war,” a few thousand lightly armed jihadists were an
insufficient replacement for the Soviet Union and its thousands of
nuclear ICBMs. It was an uncomfortable notion that the “world’s only
superpower” could not dispose of a few terrorists.
So we are back to the Cold War with Russia. The propaganda is fast
and furious. “Putin is the new Hitler.” “Russia invaded Ukraine.”
Russia is about to invade the Baltics and Poland.” “Putin is a corrupt
multi-billionaire.” “Putin is scheming to recreate the Soviet Union.”
These accusations become headlines despite US military spending being a
dozen or more times higher than Russian military spending and the
Russian government expressing no hegemonic aspirations.
Conspiracies are real. There are many more of them than people are
aware. Many government conspiracies are heavily documented by
governments themselves with the official records demonstrating the
conspiracies openly available to the public. Just google, for example,
Operation Gladio or the Northwoods Project. These conspiracies alone
are sufficient to chastise those uninformed Western peoples who go
around saying, “our government would never kill its own people.”
Perhaps Russian studies provided my introduction to government
conspiracies against their own people. I learned that the Tsar’s secret
police set off bombs and killed people in order to blame and arrest
labor agitators. I was skeptical of this account and wondered if it was
a reflection of left-wing bias against Tsarist Russia. Some years
later I asked my colleague, Robert Conquest, at the Hoover Institution
at Stanford University if the account was true. He replied that the
story is true as is known from the released secret police files that are
part of the Hoover Institution’s archives.
False flag attacks are used by governments in order to pursue secret
agendas that they cannot publicly acknowledge. If President George W.
Bush and Vice President Dick Cheney had said: “We are going to attack
Iraq and a half dozen other countries in order to exercise hegemony over
the Middle East, steal their oil, and clear the path for Israel to
steal the entirety of the West Bank of Palestine, diverting taxpayers’
resources from serving the American people into the pockets of the
armaments industries and spilling the blood of your parents, spouses,
children, and siblings, even the American sheeple would have resisted.
Instead, following the famous advice of Hitler’s chief propagandist, they said: “Our country has been attacked!”
Generally speaking, an observant person with a bit of education can
recognize a false flag attack. However, few people pay attention beyond
what the official media says, and the media no longer investigates and
questions but simply repeats the official story. Therefore, only a few
realize what has really happened, and when these few open their mouths
they are discredited as “conspiracy theorists.”
This method of control might be wearing thin. There have been so many
false flag “terrorist attacks” in the 21st century that there are now
thousands of experts labeled as “conspiracy theorist.” For example, the
9/11 Truth Movement consists of thousands of high rise architects,
structural engineers, demolition experts, nano-chemists, physicists,
firefighters and first responders, civilian and military pilots, and
former high government officials. Collectively these experts represent
far more knowledge and experience than the 9/11 Commission, which did
nothing but write down whatever the government told the commission,
NIST, a collection of people whose incomes and careers depend on the
government, and the presstitutes who can barely manage arithemetic, much
less the mathematics of controlled demolition.
The neoconservatives, who conrolled the George W. Bush regime, called
for a “New Pearl Harbor” so that they could begin their wars of
conquest in the Middle East. A “New Pearl Harbor” is what 9/11 gave them. Was this a coincidence or a
Gulf of Tonkin or a Reichstag fire or a Tzarist secret police or
Operation Gladio bomb?
The charge, “conspiracy theory,” is used to prevent investigation.
9/11 was not investigated. Indeed, as many experts have pointed out,
there was a conscious effort to remove and destroy the evidence before
it could be investigated. The 9/11 families had to lobby and protest for
a solid year before the Bush regime consented to the totally controlled
The Boston Marathon Bombing was not investigated. A scripted story
was issued and repeated by the media. The San Bernardino shootings were
not investigated. Again, a pre-scripted story took the place of
The success of false flag attacks in the US led to their use in the
UK and France. The Charlie Hebdo affair was not investigated and the
official explanation makes no sense. The story has been closed with all
the loose ends dangling. For example, why did a French police official
investigating the crime allegedly commit suicide in his police office in
the early hours of the morning, and why was his family denied the
autopsy report? What happened to this disappeared story? Why did the
police finger a third participant in the attack as the “getaway driver”
who had an iron clad alibi? If the police were so totally wrong about
this member of the gang, how do we know they are right about the two men
they shot to death. How come alleged perpetrators of “terrorist
attacks” are always killed before they can talk? How come the only
story we ever get is what the government says? How can people be so
gullible after the Gulf of Tonkin, Operation Gladio, etc.?
Twenty-four of these contributors do not believe the official story.
Does this make them “conspiracy theorists,” or does this make them
brave souls who are concerned that Reichstag fire type events are
replacing Western civil liberty with fascist police states?
Ask yourself, why are those trying to preserve liberty denounced?
What incentive does contributor A.K. Dewdney, Professor Emeritus at
the University of Western Ontario, author of ten books about science and
mathematics, have to be a conspiracy theorist?
What incentive does Philip Giraldi, former CIA case officer and
Executive Director of the Council for the National Interest, have to be a
What incentive does Anthony Hall, Professor of Globalization Studies
at the University of Lethbridge in Alberta, Canada, whose latest book
has been endorsed by the American Library Association as “a scholarly
tour de force,” have to be a conspiracy theorist?
What incentive does Mujahid Kamran, Vice Chancellor of Punjab
University, Lahore, Pakistan, a Fulbright Scholar and recipient of
numerous awards, have to be a conspiracy theorist?
What incentive does Stephen Lendman, syndicated columnist and host on
the Progressive Radio News Hour, have to be a conspiracy theorist?
What incentive does James Petras, Bartle Professor of Sociology at Binghamton University, have to be a conspiracy theorist?
What incentive does Alain Soral, one of France’s public intellectuals, have to be a conspiracy theorist?
What incentive does Robert David Steele, former CIA Clandestine Services Officer, have to be a conspiracy theorist?
The neocons’ whores in the Western media who call these people
“conspiracy theorists” are so stupid and unintelligent as to be
unqualified to express any opinion.
Dear Western Peoples, if you wish to be able to walk down the streets
of your cities without being accosted by police, demanded to present
identity papers, searched, detained indefinitely or assassinated without
due process of law, if you wish to be able to express your opinion
about “your” government and its use of your tax payments, if you wish to
be able to discuss current affairs or your personal affairs without
being recorded by the NSA or the equivalent in your own country or by
both, if you wish to be able to act on your moral conscience and to
protest the violence the West applies to Muslims and others unfavored by
powerful Western interests, such as Palestinians, if you wish to live
in the freedom that was achieved in the West after centuries of
struggle, wake up, find time from less meaningful pursuits to become
aware of what is being stolen from you. It is late in the game. If you
do not stand up for truth, you will have no freedom as there is no
freedom without truth.
Michael Hudson is the best economist in the world. Indeed, I could
almost say that he is the only economist in the world. Almost all of
the rest are neoliberals, who are not economists but shills for
If you have not heard of Michael Hudson it merely shows the power of
the Matrix. Hudson should have won several Nobel prizes in economics,
but he will never get one.
Hudson did not intend to be an economist. At the University of
Chicago, which had a leading economics faculty, Hudson studied music and
cultural history. He went to New York City to work in publishing. He
thought he could set out on his own when he was assigned rights to the
writings and archives of George Lukacs and Leon Trotsky, but publishing
houses were not interested in the work of two Jewish Marxists who had a
significant impact on the 20th century.
Friendships connected Hudson to a former economist for General
Electric who taught him the flow of funds through the economic system
and explained how crises develop when debt outgrows the economy.
Hooked, Hudson enrolled in the economics graduate program at NYU and
took a job in the financial sector calculating how savings were recycled
into new mortgage loans.
Hudson learned more economics from his work experience than from his
Ph.D. courses. On Wall Street he learned how bank lending inflates land
prices and, thereby, interest payments to the financial sector. The more
banks lend, the higher real estate prices rise, thus encouraging more
bank lending. As mortgage debt service rises, more of household income
and more of the rental value of real estate are paid to the financial
sector. When the imbalance becomes too large, the bubble bursts.
Despite its importance, the analysis of land rent and property valuation
was not part of his Ph.D. studies in economics.
Hudson’s next job was with Chase Manhattan, where he used the export
earnings of South American countries to calculate how much debt service
the countries could afford to pay to US banks. Hudson learned that just
as mortgage lenders regard the rental income from property as a flow of
money that can be diverted to interest payments, international banks
regard the export earnings of foreign countries as revenues that can be
used to pay interest on foreign loans. Hudson learned that the goal of
creditors is to capture the entire economic surplus of a country into
payments of debt service.
Soon the American creditors and the IMF were lending indebted
countries money with which to pay interest. This caused the countries’
foreign debts to rise at compound interest. Hudson predicted that the
indebted countries would not be able to pay their debts, an unwelcome
prediction that was confirmed when Mexico announced it could not pay.
This crisis was resolved with “Brady bonds” named after the US Treasury
Secretary, but when the 2008 US mortgage crisis hit, just as Hudson
predicted, nothing was done for the American homeowners. If you are not
a mega-bank, your problems are not a focus of US economic policy.
Chase Manhattan next had Hudson develop an accounting format to
analyze the US oil industry balance of payments. Here Hudson learned
another lesson about the difference between official statistics and
reality. Using “transfer pricing,” oil companies managed to avoid paying
taxes by creating the illusion of zero profits. Oil company affiliates
in tax avoidance locations buy oil at low prices from producers. From
these flags of convenience locations, which have no tax on profits, the
oil was then sold to Western refineries at prices marked up to eliminate
profits. The profits were recorded by the oil companies’ affiliates in
non-tax jurisdictions. (Tax authorities have cracked down to some extent
on the use of transfer pricing to escape taxation.)
Hudson’s next task was to estimate the amount of money from crime
going into Switzerland’s secret banking system. In this investigation,
his last for Chase, Hudson discovered that under US State Department
direction Chase and other large banks had established banks in the
Caribbean for the purpose of attracting money into dollar holdings from
drug dealers in order to support the dollar (by raising the demand for
dollars by criminals) in order to balance or offset Washington’s foreign
military outflows of dollars. If dollars flowed out of the US, but
demand did not rise to absorb the larger supply of dollars, the dollar’s
exchange rate would fall, thus threatenting the basis of US power. By
providing offshore banks in which criminals could deposit illicit
dollars, the US government supported the dollar’s exchange value.
Hudson discovered that the US balance of payments deficit, a source
of pressure on the value of the US dollar, was entirely military in
character. The US Treasury and State Department supported the Caribbean
safe haven for illegal profits in order to offset the negative impact on
the US balance of payments of US military operations abroad. In other
words, if criminality can be used in support of the US dollar, the US
government is all for criminality.
When it came to the economics of the situation, economic theory had
not a clue. Neither trade flows nor direct investments were important in
determining exchange rates. What was important was “errors and
omissions,” which Hudson discovered was an euphemism for the hot, liquid
money of drug dealers and government officials embezzling the export
earnings of their countries.
The problem for Americans is that both political parties regard the
needs of the American people as a liability and as an obstacle to the
profits of the military/security complex, Wall Street and the
mega-banks, and Washington’s world hegemony. The government in
Washington represents powerful interest groups, not American citizens.
This is why the 21st century consists of an attack on the constitutional
protections of citizens so that citizens can be moved out of the way of
the needs of the Empire and its beneficiaries.
Hudson learned that economic theory is really a device for ripping
off the untermenschen. International trade theory concludes that
countries can service huge debts simply by lowering domestic wages in
order to pay creditors. This is the policy currently being applied to
Greece today, and it has been the basis of the IMF’s structural
adjustment or austerity programs imposed on debtor countries,
essentially a form of looting that turns over national resources to
Hudson learned that monetary theory concerns itself only with wages
and consumer prices, not with the inflation of asset prices such as real
estate and stocks. He saw that economic theory serves as a cover for
the polarization of the world economy between rich and poor. The
promises of globalism are a myth. Even left-wing and Marxist economists
think of exploitation in terms of wages and are unaware that the main
instrument of exploitation is the financial system’s extraction of value
into interest payments.
Economic theory’s neglect of debt as an instrument of exploitation
caused Hudson to look into the history of how earlier civilizations
handled the build up of debt. His research was so ground-breaking that
Harvard University appointed him Research Fellow in Babylonian economic
history in the Peabody Museum.
Meanwhile he continued to be sought after by financial firms. He was
hired to calculate the number of years that Argentina, Brazil, and
Mexico would be able to pay the extremely high interest rates on their
bonds. On the basis of Hudson’s work, the Scudder Fund achieved the
second highest rate of return in the world in 1990.
Hudson’s investigations into the problems of our time took him
through the history of economic thought. He discovered that 18th and
19th century economists understood the disabling power of debt far
better than today’s neoliberal economists who essentially neglect it in
order to better cater to the interest of the financial sector.
Hudson shows that Western economies have been financialized in a
predatory way that sacrifices the public interest to the interests of
the financial sector. That is why the economy no longer works for
ordinary people. Finance is no longer productive. It has become a
parasite on the economy. Hudson tells this story in his recent book, Killing the Host (2015). Readers often ask me how they can learn economics. My answer is to
spend many hours with Hudson’s book. First, read the book through once
or twice in order to get an idea of what is covered. Then study it
closely section by section. When you understand the book, you will
understand economics better than any Nobel prize-winning economist.
Treat this column as an introduction to the book. I will be writing
more about it as current events and time permit. As far as I am
concerned, many current events cannot be understood independently of
Hudson’s explanation of the financialized Western economy. Indeed, as
most Russian and Chinese economists are themselves trained in neoliberal
economics, these two countries might follow the same downward path as
If you put Hudson’s analysis of financialization together with my
analysis of the adverse impact of jobs offshoring, you will understand
that the present economic path of the Western world is the road to
On January 20th a cabal of dependencies of the United States of
America, Australia, Netherlands, Germany, France, and Italy, met in
Paris to discuss war on Syria. One of a series of such meetings with a
changing list of participants, it included the defense ministers of the
countries supporting various proxy forces attacking Syria, either posing
as “rebels” or allied with the American created and supported force
ISIS. It was in fact a meeting of conspirators planning a war of
aggression. There is no other way to put it. This was a criminal act
under international law and another dramatic repudiation of the United
Nations and everything the United Nations Charter stands for.
One nation that was not invited was Canada, a snub that has caused
consternation among the war party in Canada, but is likely the result of
the new prime minister’s pledge to withdraw Canadian forces from action
in Syria and Iraq. The new Canadian government has not in fact
withdrawn its small forces as promised but no doubt the Americans are
doubtful of the new government’s reliability as a partner in crime and
wanted to slap down the new government for daring to make even a mild
move towards peace in our time.
The Canadian government’s pledge to withdraw its forces was a result
of campaign promises made during the October elections in Canada where
these military adventures are unpopular with large sections of the
population which sees them as wasting their tax money fighting wars for
American interests and domination of the world. The fact that such
operations are not only illegal under international law but also under
Canadian law as set out in the National Defense Act, and, therefore,
should never have been conducted in the first place, is, inexplicably,
never mentioned by any Canadian government figure, major political party
or any of the tightly controlled and coordinated media, because, of
course, law means nothing to criminals.
The Paris meeting was a criminal act, a war crime in fact, since the
only international body that has the right to determine if, when and how
military forces is to be applied in any situation is the United Nations
Security Council. Any military action taken outside the mandate of the
Security Council is prohibited and the Rome Statute, the statute that
governs the International Criminal Court, defines such a meeting as a
conspiracy to commit aggression, the worst of all war crimes, because it
leads to all other war crimes that necessarily follow an act of
But the Paris meeting is not the first step in furthering this
conspiracy to commit acts of aggression, war crimes and crimes against
humanity in Syria. The first act was the attack made on Syria by the
United States in 2011 after it and its co-conspirators attacked and
destroyed Libya using the same proxy forces, the same techniques, and
the same propaganda to mislead the public. Many of the same mercenaries,
and thugs that they used against Libya were quickly reassigned and sent
into Syria through Turkey, and Jordan where they soon linked up with
armed groups from Iraq now known as ISIS. The United States, Turkey,
Britain, France, and Saudi Arabia, brag about their open support for
these groups, and have confessed that they have sent in their own
special forces to “train” them. This act of aggression against Syria
continues to escalate and came close to succeeding until Russia, at the
request of the besieged government of Syria, decided to deploy its air
forces in Syria in order to crush these American and allied proxy
The reaction here in the west since September when the Russians began
their very effective air operations has been a seething anger from
Washington, to London, from Paris to Berlin, from Riyadh to Istanbul.
The failure of the American attempt to conquer Syria will mean the
failure of the American plan to kick Russia out of the Mediterranean, a
failure to control the land routes from there to Iran for an eventual
attack on Iran itself, an operation that cannot be mounted from the
Persian Gulf, and a failure to place its forces on the southern flank of
Russia in preparation for a pincer thrust into Russia from the south
and the western plains of Poland and Ukraine. Others cite gas pipelines
and war profits as reasons, but these are secondary to the principal
strategy of the domination of Eurasia by the United States and those
hoping to be thrown some scraps from the spoils, like the jackals they
None of these countries have any legal or moral right to attack Syria
under the guise of going after ISIS, or Islamic State as they now call
it. To obtain that right they would first have to be asked by the Syrian
government for their assistance. The Syrian government does not want
their “assistance”. They do not want their war. But these criminal
nations refuse to talk to the Syrian government and insist on its
overthrow and they refuse to take their case before the Security Council
because they know they have no case and Russia and China will oppose
their criminal plans. So they evade the United Nations and once again,
create ad hoc “coalitions” of the criminal minded, who have no respect
for international law, their own laws, the sovereign rights of the
Syrian nation, or their own platitudes about peace and “human rights.”
The criminal nature and intent of the meeting was openly declared in
the press conference after the meeting by the US Defense Secretary
Carter who called for more forces to be gathered to “eject jihadist
fighters from their headquarters in Raqqa, Syria and Mosul, Iraq and to
maintain that planned defeat.” The latter phrase must be interpreted as
meaning a permanent occupation of the region by American and allied
forces. To back this up the America Army’s 101st Airborne Division has
been assigned the role of re-entering Iraq. It seems Iraq will have no
choice in the matter as the Americans continue their drive to establish a
new protectorate out of western Iraq and eastern Syria which they can
then use to control the region and attack Iran. Further meetings are to
be held in Brussels in a few weeks.
In the meantime Russia continues to try to achieve a negotiated
resolution of the war in compliance with international law and a further
meeting of the Russian and American foreign ministers will be held in
Geneva to discuss it but there is little hope of those talks going
anywhere since the two countries approach the problem from completely
opposite positions; the Russians on the basis of the national
sovereignty of Syria and the recognition of the existing government as
the only legitimate government, the Americans on the basis that might
makes right and Syria must submit to its will. For them, international
law and national sovereignty are phrases empty of all meaning.
And once again, the prosecutor of the International Criminal Court
remains in her office in The Hague, completely inert as nations that are
within her jurisdiction plan these crimes. She has charged several
African leaders for much less but then those prosecutions serve the
interests of the same powers she should be prosecuting. She doesn’t even
hold a press conference condemning these meetings, actions and plans
for more war and insisting that these criminals adhere to international
law. Nothing is said. Nothing is done. The ICC is shown to be as useless
as the Security Council.
It is the Americans and their allies who are responsible for all the
dead and dying in Syria, and it is they who “brought forth the monstrous
mass of earthly slime, puft up with empty wind and filled with sinful
crime” that is ISIS and it is clear that they will continue to use this
monster of their creation as a device to escalate the war against Syria
and increase their crimes but who, aside from the Syrian people, Russia
and Iran can stop them? And so, the war will continue, the misery it
brings will continue, and those responsible will continue to meet in
beautiful settings, enjoying the fine things their crimes bring,
bragging that they are saving the people from the very “terrorists” they
created and control.
Christopher Black is an international criminal
lawyer based in Toronto, he is a member of the Law Society of Upper
Canada and he is known for a number of high-profile cases involving
human rights and war crimes, especially for the online magazine “New Eastern Outlook”.
In the last years of the 20th century fraud entered US foreign policy
in a new way. On false pretenses Washington dismantled Yugoslavia and
Serbia in order to advance an undeclared agenda. In the 21st century
this fraud multiplied many times. Afghanistan, Iraq, Somalia, and Libya
were destroyed, and Iran and Syria would also have been destroyed if the
President of Russia had not prevented it. Washington is also behind
the current destruction of Yemen, and Washington has enabled and
financed the Israeli destruction of Palestine. Additionally, Washington
operated militarily within Pakistan without declaring war, murdering
many women, children, and village elders under the guise of “combating
terrorism.” Washington’s war crimes rival those of any country in
I have documented these crimes in my columns and books (Clarity Press).
Anyone who still believes in the purity of Washington’s foreign policy is a lost soul. Russia and China now have a strategic alliance that is too strong for
Washington. Russia and China will prevent Washington from further
encroachments on their security and national interests. Those countries
important to Russia and China will be protected by the alliance. As the
world wakes up and sees the evil that the West represents, more
countries will seek the protection of Russia and China.
America is also failing on the economic front. My columns and my book, The Failure of Laissez Faire Capitalism,
which has been published in English, Chinese, Korean, Czech, and
German, have shown how Washington has stood aside, indeed cheering it
on, while the short-term profit interests of management, shareholders,
and Wall Street eviscerated the American economy, sending manufacturing
jobs, business know-how, and technology, along with professional
tradeable skill jobs, to China, India, and other countries, leaving
America with such a hollowed out economy that the median family income
has been falling for years. Today 50% of 25 year-old Americans are
living with their parents or grandparents because they cannot find
employment sufficient to sustain an independent existance. http://www.zerohedge.com/news/2015-10-27/why-are-half-all-25-year-olds-still-living-their-parents-federal-reserve-answers This brutal fact is covered up by the presstitute US media, a source of fantasy stories of America’s economic recovery.
The facts of our existence are so different from what is reported
that I am astonished. As a former professor of economics, Wall Street
Journal editor and Assistant Secretary of the Treasury for Economic
Policy, I am astonished at the corruption that rules in the financial
sector, the Treasury, the financial regulatory agencies, and the Federal
Reserve. In my day, there would have been indictments and prison
sentences of bankers and high government officials.
In America today there are no free financial markets. All the
markets are rigged by the Federal Reserve and the Treasury. The
regulatory agencies, controlled by those the agencies are supposed to
regulate, turn a blind eye, and even if they did not, they are helpless
to enforce any law, because private interests are more powerful than the
Even the government’s statistical agencies have been corrupted.
Inflation measures have been concocted in order to understate inflation.
This lie not only saves Washington from paying Social Security
cost-of-living adjustments and frees the money for more wars, but also
by understating inflation, the government can create real GDP growth by
counting inflation as real growth, just as the government creates 5%
unemployment by not counting any discouraged workers who have looked for
jobs until they can no longer afford the cost of looking and give up.
The official unemployment rate is 5%, but no one can find a job. How
can the unemployment rate be 5% when half of 25-year olds are living
with relatives because they cannot afford an independent existence? As
John Williams (shadowfacts) reports, the unemployment rate that includes
those Americans who have given up looking for a job because there are
no jobs to be found is 23%.
The Federal Reserve, a tool of a small handful of banks, has
succeeded in creating the illusion of an economic recovery since June,
2009, by printing trillions of dollars that found their way not into the
economy but into the prices of financial assets. Artificially booming
stock and bond markets are the presstitute financial media’s “proof” of a
The handful of learned people that America has left, and it is only a
small handful, understand that there has been no recovery from the
previous recession and that a new downturn is upon us. John Williams
has pointed out that US industrial production, when properly adjusted
for inflation, has never recovered its 2008 level, much less its 2000
peak, and has again turned down.
The American consumer is exhausted, overwhelmed by debt and lack of
income growth. The entire economic policy of America is focused on
saving a handful of NY banks, not on saving the American economy.
Economists and other Wall Street shills will dismiss the decline in
industrial production as America is now a service economy. Economists
pretend that these are high-tech services of the New Economy, but in
fact waitresses, bartenders, part time retail clerks, and ambulatory
health care services have replaced manufacturing and engineering jobs at
a fraction of the pay, thus collapsing effective aggregate demand in
the US. On occasions when neoliberal economists recognize problems, they
blame them on China.
It is unclear that the US economy can be revived. To revive the US
economy would require the re-regulation of the financial system and the
recall of the jobs and US GDP that offshoring gave to foreign countries.
It would require, as Michael Hudson demonstrates in his new book, Killing the Host,
a revolution in tax policy that would prevent the financial sector from
extracting economic surplus and capitalizing it in debt obligations
paying interest to the financial sector.
The US government, controlled as it is by corrupt economic interests,
would never permit policies that impinged on executive bonuses and Wall
Street profits. Today US capitalism makes its money by selling out the
American economy and the people dependent upon it.
In “freedom and democracy” America, the government and the economy
serve interests totally removed from the interests of the American
people. The sellout of the American people is protected by a huge canopy
of propaganda provided by free market economists and financial
presstitutes paid to lie for their living.
When America fails, so will Washington’s vassal states in Europe,
Canada, Australia, and Japan. Unless Washington destroys the world in
nuclear war, the world will be remade, and the corrupt and dissolute
West will be an insignificant part of the new world.
In response to the creation of the mobile forces of NATO, Russia can dispatch heavy military equipment in a Western direction.
beginning of 2016 marked a new escalation in military tensions near the
borders of Russia. Yesterday in Lithuania, as part of operation
"Atlantic Resolve", alongside the standard armaments, the main part of the American battalion of NATO troops from the 2nd cavalry regiment of the US army, stationed in Germany, arrived. The Northern Atlantic Alliance does not hide the fact that the military presence in the Baltic states will grow.
the Minister of Defence of Poland Antoni Macierewicz, on the Polish
radio station 'Maryja', once again expressed the hope that in the near
future at the NATO summit in Warsaw will overcome the "German veto" on
the formation throughout the country of permanent military bases of the
response, Russia continues to improve its forces, using the elements of
hybrid war. Moscow is worried about the bellicose attitude of Poland.
This country has already approached NATO with a request to place nuclear weapons on
its territory. According to the Deputy Minister of Defence of
Poland, Tomasz Siemoniak, the Alliance has a program in which NATO
members can have nuclear weapons in the country-ally. This is highly
likely, and not only in Poland or Lithuania, but also in other countries
of Eastern Europe. This unequivocally was made clear recently by the
Supreme commander of the allied NATO forces, General of the U.S. air
force, Philip Breedlove. He said that, in regards to Russia, it is time
for "tough measures". Rigidity must manifest itself in the sending of
American troops to Europe and "high-quality" training of the armed
forces of the United States for a possible fight with a "former enemy in
the cold war".
"Atlantic Resolve" began in the spring of 2014, i.e. from the time that
Crimea became a part of Russia. In Lithuania and other Baltic States
leaders then claimed that a similar thing could happen to them, and
appealed for help to NATO. Since then, the soldiers of the Pentagon are
on a rotating basis, ever present in the region. According to open
sources, rotational troops deployed in Rukla (Kaunas district) consist
of a mixed mechanized infantry battalion "Iron wolf". Here, on the 14th
of January, there will be a delivery of military equipment, including
armored Stryker, armored SUVs and trucks. Basically it is a wheeled
machine, equipped with automatic grenade launchers, heavy machine guns,
and means of concealment.
fact, the Americans have a unit in Lithuania for action in a local
armed conflict. But there is already a concentration of offensive
weapons. According to open data, NATO, in the village Munici
of Šiauliai district, there is already heavy American military equipment
– Abrams tanks and Bradley IFV. According to the latest plans of the
Alliance, they should use units of rapid reaction forces, which are
composed of national contingents of NATO. The same equipment was placed
in Latvia and Estonia. In addition, the fleet in the Lithuanian Šiauliai
was replenished with 16 NATO fighter jets. In all Baltic States units
are placed from the American military, the function of which is to carry
out military and pre-war actions. At the borders of the Russian
Federation elements of electronic intelligence of the Alliance were
deployed. That is, the U.S. and its allies continue to build up military
strength at the borders of the Russian Federation.
defense Ministry of Lithuania reported that, according to the decisions
of NATO for collective defence, allies of the US will remain in
Lithuania until such a time where the situation demands security.
by the situation in Eastern Europe, their presence will be there for a
long time. The American media is now actively raising the issue of the
"Russian Bear", which is supposedly "very dangerous". They say it's time
"to stop him from hugging". This theme fits well with, according to the
Pentagon, the new national security Strategy of the Russian Federation
(NSC RF), which was signed on December 31st by President Vladimir Putin.
In the document the military activities of the USA and other NATO
countries are viewed as "a threat to the national security" of Russia.
previous NSS of the Russian Federation was adopted in May 2009, and it
was supposed to guide the next 10 years. But political and military
conditions have changed so a new document for the first post-Soviet
times gives a hard-hitting assessment of the U.S. and the North Atlantic
Alliance. Judging by what was said to German journalists the other day
by Putin, such a valuation has existed for a long time, but it was not
transparent, and here it was voiced. The head of Russia believes that
the main mistake of Western politicians after the collapse of the USSR
was "the development of military structures to the East" and NATO''s
desire to "reign" on the continent. That's why "now we are discussing
the crisis", said the President of the Russian Federation.
conclusions are, it seems, based on facts. It is difficult to refute
what has been said at the annual meeting of the Defense Ministry last
December. The Defense Minister Sergei Shoigu said that in NATO countries
bordering Russia, "During this year the aircraft contingent has
increased eight times, and the number of military personnel by 13
times". To the borders of the Russian Federation "300 tanks and Infantry Vehicles were
additionally deployed and missile defense systems by Aegis Ashore. In
varying degrees of completeness are 310 aircraft-carriers capable of
carrying about 200 U.S. nuclear bombs".
and 300 BMP's are a technique for a full-fledged division. And she
hosted and saw deployment in Eastern Europe in less than a year. While
aircraft capable of carrying nuclear weapons have the flight time to our
industrial areas and cities of just 5 minutes" – said military expert
Lieutenant General Yury Netkachev. "Creating tasks to further militarize
is the problem", the General says, "NATO will only exacerbate the
situation, prompting Russia to respond". What the steps will be, you do
not have to guess. Despite the severe economic crisis, Moscow made a
decision not to reduce spending on defence and security.
Shoigu, reporting on the 11th of December 2015, to the President,
stressed that next year will see the continued "building up of combat
capabilities of the Armed forces." According to him, measures will be
taken "to strengthen military forces in the West, southwest and Arctic
strategic directions". From open sources it is known that in 2016, in
addition to Arctic areas and the strengthening of groups in the Crimea
and the Northern Caucasus, the formation and management of basic
compounds of the 1st tank army of the Western military district will be
completed. The 6th (Leningrad region) and 20th (Voronezh) combined arms
army will be strengthened by new connections. Apparently, Moscow will respond to NATO plans to establish mobile units of the Alliance on the borders of the Russian Federation .
January 3rd, 2016 the commander of the Airborne Troops Colonel-General
Vladimir Shamanov said that the air assault brigades and divisions
"assumed the formation of six tank divisions," as well as "units of
unmanned aerial vehicles, including shock army" and two divisions of
electronic warfare. A similar set of weapons is necessary for a hybrid
war. Their possible presence in the Airborne shows the mobile component
is being referred to. Shamanov said that the strengthening of the combat
capability of the Airborne Troops will be discussed at the board
meeting of the Ministry of Defense on January 29th.
it is already clear that the basis of the formation of the Russian
armed forces from the mobile forced will likely involve the airborne
troops. In the modern history of Russian, tank units were not part of
the Airborne Forces. The formation suggests that the striking power of
the airborne forces, that is mobile forces, will be strengthened.
Apparently, the possibility will be considered that tanks and other
heavy military equipment will be pre-placed in the military bases near
areas of potential conflict (as Americans did in the Baltic States).
That is, the Western and North-Western borders of the Russian Federation
or military sites in Belarus, as it is already been underway for a long
time. In the area of these bases, in the daylight, the airborne division will parachute down to perform military missions on the maintenance and development of tanks and infantry fighting vehicles for combat.