Only the truth will set us free.
The United States is not a constitutional republic. It is an oligarchy controlled by wealthy financiers who hire politicians to pass legislation beneficial to them and employ journalists to keep the citizens ignorant and compliant.
Neither the Democrats nor the Republicans believe in democracy. It is simply an ideological contest between two different forms of totalitarianism based on big government, where they represent only themselves in their pursuit of personal power and profit.
The following article is written by Lawrence Sellin who writes for WesternJournalism.com.
In case you haven’t noticed, the world is slowing down. More specifically, the worlds consumption and production. What amazes me is how you wouldn’t have any idea whatsoever if all you did was watch the mainstream news at 6-oclock.
China’s stock market is in a major crash. The reason? Industrial output is weak and China’s economy is slowing. Why? Because they’re not shipping as much ‘stuff’ elsewhere like they used to. Why? Because people aren’t buying as much ‘stuff’. Why? Because most people are tapped out. Why? Because we have reached or are rapidly reaching ‘peak debt’.
If you had to vote for president right now, who would you pick?
Although politics may be considered the ‘third rail’ of blogging, lets see if we can be civil and answer the following anonymous poll question while keeping the comments on the ‘up and up’, despite differences of opinion… 😉
UPDATE: After nearly 750 participants, the July 2015 results are in:
This is a simple lesson in how the current administration and its willing accomplices in the mainstream press ‘spin’ the unemployment facts into so called ‘good news’.
What all Americans will hear on their alphabet channels tonight is that the unemployment rate has dropped to 5.3%, such as this AP headline today “US Employers Add 223K Jobs; Jobless Rate Falls To 5.3 pct”. Great News! WhooHoo!!
As unusual, nearly all economic news is slanted to the ‘good’. Thus, many or most Americans have no clue (because they don’t dig below the surface of today’s propaganda) that REAL unemployment is much worse.
Here’s another fact about this so called good news, something that you will not hear on tonight’s news, and it’s not so rosy a picture…
Greek crisis: ‘We rely on imports. Soon even the most basic goods won’t be available’ as all banks in Greece remain shut apparently until at least Thursday as ATM’s run dry and store shelves around the country have emptied. Social unrest is looming…
The Greek finance minister has just confirmed it will default TODAY.
Greece will NOT pay its IMF payment.
The Bank of International Settlements (BIS), the central bank of central banks, has just warned that the world is defenseless against the next financial crisis…
(Please read that again.)
The NYT has just reported that the default wave has jumped the Atlantic and has hit Puerto Rico whose governor has concluded that the commonwealth cannot pay its roughly $72 billion in debts, “The debt is not payable.” “There is no other option.” – an admission that will probably have wide-reaching financial repercussions…
In US “capital markets” virtually all the same hedge funds who are ‘long’ Greece (on hopes of some central bank bailout), are also long Puerto Rico. Quote: “…some of the most “respected” US hedge funds will suffer a gruesome bloodbath.” (NYT)
The Chinese market is in an all out crash – The Shanghai Composite was down nearly 20% in just four days as the Chinese Plunge Protection Team finally arrived and ‘threw the kitchen sink’ at the stock market, deciding to go ‘all in’ stocks. This led to an unprecedented 11% swing from the lows – this was the single biggest intraday swing since 1997 and the largest point swing since 1992! China’s markets are imploding…
It seems the collapse is picking up steam…
During 2011 an endowment which oversees funds held by the University of Texas System and Texas A&M University, had taken possession of physical 6,643 bars of bullion gold, or 664,300 ounces, in a Comex-registered vault in New York owned by HSBC, a London-based bank (as opposed to ‘paper gold’ as in the Exchange-traded Fund, ‘GLD’).
And now, in 2015, Texas Governor Greg Abbott has signed a bill (HB 483) into law on Friday, June 12, that will allow Texas to build a gold and silver bullion depository. In addition, Texas will repatriate their $1 billion worth of bullion from the Federal Reserve in New York to the new facility once completed.
The writing is on the wall – institutions are losing faith and trust – and are transitioning or converting into ‘physical’ ‘real’ money, before it’s too late…
The entire (financial/economic) system is built on trust that the system will work, and the banks are well aware of this and are exploiting it. The bankers can rig everything.
“The corruption is so extreme with metal manipulation, currency manipulation and banks that continue to be brought up on charges, and no one goes to jail…It’s unbelievable fraud to such an extreme it is frightening” says Gregory Mannarino during an interview with Greg Hunter. “This is why no bankers are brought up on charges. This is why no one gets handcuffed and no one gets arrested because it would shake the very foundation of the financial system. It is built simply on a trust mechanism.”
Mannarino goes on to say, Not only are things getting close, but we are here now.
This is it…The collapse is now…