Month: June 2015

Greek Domino falls, China moves in to pick up the pieces

So, it has finally happened, Greece has shut down its banks and imposed capital controls. And so the dominoes start to fall. This is only the first act in a grand opera that will continue to unfold in the coming months. To try to guess what is in store for the European Union, it is good to take a look at how the fall of the Soviet Union took place. The fall of the Soviet Union began with a widespread sense of dissatisfaction with the government among both the working class and the elites. This gave birth to strikes and demonstrations in Poland that led to the fall of the Polish government in June of 1989. In November of that year the Berlin wall came down. Then, running into 1990, the communist governments of Czechoslovakia,
Romania, Bulgaria and Hungary fell. Finally, in December of 1991 Michael Gorbachev resigned and the Soviet Union itself collapsed.

So now that Greece has failed we can expect Spain, Italy, France, Germany and finally the United States itself to follow a roughly similar trajectory to what we saw with the Soviet Union.
What most people still do not realize about the fall of the Soviet Union was that it was not caused by failed ideology but by actual financial bankruptcy. That is why the United States and the European Union, which is modelled almost exactly on the Soviet Union, are doomed to experience regime change. They are bankrupt.

Chinese and BRICS government sources explain what they are going to do next. Chinese number 2 Li Keqiang is arriving in Europe this week where he will announce

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Bush, Rothschild prosecutions, new disclosures, Greece, all signs of accelerating cabal take down

There are rapidly accelerating indications the Khazarian crime syndicate that illegally seized power in the United States and many European countries is being systematically dismantled. A New York appeals court, for example, has ruled that officials who served during the George Bush Jr. regime can be sued and can face criminal charges. That opens the way for the mass jailing of the perpetrators of the 911 mass murder incident.

http://www.nydailynews.com/news/politics/bush-aides-sued-detainees-court-rules-article-1.2262084

Another sign is that a French judge has ordered one of the most senior members of the Rothschild family, Baron David de Rothschild, to be questioned by police on fraud charges.

http://www.theolivepress.es/spain-news/2015/06/18/exclusive-baron-rothschild-indicted-in-france-over-fraud-case/

Also, the killing of J.P Morgan (Bush) bankers has reached a new height with the “sudden death” of their Vice Chairman and high powered deal maker Jimmy Lee. More than a dozen JP Morgan bankers have died suddenly recently and it is clear somebody is following a trail. Rest assured that trail leads to the Bush/Clinton crime family.

Meanwhile, there is a growing consensus the Greek crisis is coming to a head soon and massive withdrawals of Euros from Greek banks show that at the street level people know a Greek default is inevitable. However, a formal Greek default would start a domino effect that would topple Germany, France and the rest of the Euro zone before eventually reaching the United States. For that reason the Greek government knows that the EU central bank, the IMF and their Fed bosses will not pull the plug on them but will instead buy time with various accounting tricks. That is why Greece’s Economy Minister made confident predictions about the Greek debt crisis in Moscow last week after meeting with Russian officials.

http://tass.ru/en/world/802620

Despite all the fudged numbers and smoke and mirrors coming out of Western governments, the Western financial system (the Federal Reserve Board) is already bankrupt. The Fed’s corporate subsidiary, the United States of America Corporation headed by “acting president” Barack Obama has been issuing fake financial data for years now to create the appearance all is well. Recently, for example, their total debt numbers have stayed frozen at $18.11 trillion since March 16th, over 100 days.

The White Dragon Foundation also received new confirmation the Fed has been bankrupt for a lot longer than that. Some senior Asian bankers who met with Alan Greenspan (when he was head of the Fed) and with then US president Al Gore to ask about Manchurian gold the Fed was obligated to return to them were told by Greenspan

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Will it be chaos or controlled implosion as the Western bubble bursts

The signs are undeniable that some sort of historic event is imminent. The latest economic news makes it certain that the Western financial system as we know it is about to end. The question is, will there be a controlled implosion followed by a phoenix like revival or, will there be revolution, chaos, anarchy, bloodshed and misery. The answer now lies in the hands of the military forces of the West because the political world, especially in the United States, is dysfunctional.

To understand how serious the situation is, please look at the following chart.

http://davidstockmanscontracorner.com/wp-content/uploads/2015/05/financialization3.png

It shows there is about $80 trillion worth of financial products in the United States that has no basis in the real world. During the Japanese bubble I used a similar chart to show the bad debt in the banking system was worth 200 trillion yen at a time when the Japanese government was saying there was only 3 trillion yen worth of bad debt. Another way of putting it is that US asset prices will have to fall by about 80% before they hit the ground of reality. Japanese real estate prices fell 90% after the bubble burst there. The American bubble is 49 times larger than the Japanese bubble was. It is not a question of if it will burst but when. Denying reality does not make it go away.

There is also evidence coming from indexes based in real world transactions that cannot be manipulated by financial trickery. One is the Baltic Dry Index, the price of shipping goods, mostly raw materials like oil, metals, grains etc. It is at a record low now.

http://thedailycoin.org/wp-content/uploads/2015/06/Screen-Shot-2015-06-08-at-2.56.50-PM.png

Another is the China Containerized Freight index, which measures the cost of shipping finished industrial goods out of China. It is also at a record low.

http://thedailycoin.org/wp-content/uploads/2015/06/China-Containerized-Freight-index-2015-06-05.png

Perhaps you have noticed your e-mail spam filter is now featuring more Chinese enterprises desperately seeking customers than Viagra ads or Nigerian scams. Clearly something big is about to happen in the worlds’ markets.

There are a lot of people figuring this out now. The American Association of Individual Investors survey shows that in May of this year individual investors dropped the percentage of money they invest in shares to 57.8% from 67.9%. This is an astounding dumping of over 10% of their shares in exchange for cash in just one month. The Greeks are also bailing out of the Greek banking system at a rate of over 500 million Euros per day. This sort of thing is usually referred to as a bank run or as rats deserting a sinking ship.

Insiders say the most likely candidate to play role of Lehman Brothers in the upcoming crisis is

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G7 helpless in the face of mathematically certain bankruptcy

The leaders of the Group of Seven Industrialized Nations or G7 are holding an emergency meeting in Germany in a futile attempt to avoid their inevitable bankruptcy. The leaders talk about Greece, the Ukraine, China, the Middle East and other matters as if somehow they are still in control. The leaders need to understand that there is a thing out there called reality and, no matter how long you try to avoid it, it has a way of catching up to you. The fact is that, with the exceptions of Canada, Japan and Germany, the G7 nations and their allied Western states have been running a deficit with the rest of the world for the past 40 years. The elephant in the room that nobody talks about is the fact the biggest debtor of all is the Corporate United States.

The rest of the world has made a collective decision to stop financing these Western governments until they stop their constant war-mongering and resource stealing. Since the rest of the world controls most of the real money (i.e. money connected to physical objects) they control the underlying reality. You can eat bread but you cannot eat derivatives or dollar bills. You can trade real things like cars or oil for rice or wheat but if you lose trust, nobody will trade your IOUs for real things. The G7 countries, especially the Corporate United States (as opposed to the Republic of the United States), have managed to postpone the inevitable with fraudulent economic data, offshore slush funds, and derivatives theoretically worth astronomical amounts.

However, no amount of zeroes added to astronomical numbers inside Western banks will make any difference so long as these zeroes have no connection to the real world.

The Chinese have insisted on payment in things, like gold, that actually exist. The American corporate government has, like a once rich junky fallen on hard times, pawned family heirlooms, borrowed from friends, stolen and lied so far to get its next fix of debt. They have stolen Iraqi oil, African gold, Japanese savings and everything else they could get their hands on. However, since real US GDP has shrunk by 21.4% since 2011, it is becoming impossible for the US Corporate government to keep paying its snowballing debts. The obvious answer is to declare bankruptcy.
The problem is

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Will the revolution finally come this autumn?

There are growing signs that world events will be allowed to simmer away until this autumn when there may finally be revolution in the West and an end to cabal rule. In fact, it is the moral duty of all aware people to make sure this happens and the West is freed from Babylonian style debt slavery.

The most likely trigger for the revolution is now expected to be Greece. The latest news on that front is that Greece will “bundle” June payments to the IMF. What this means, according to British MI5 intelligence, is that “if Greece bundles it’s June payments, it defaults to the IMF in early July, this will be reported by the IMF Managing Director after 30 more days followed by some 3-4 weeks of procedural talks inside the IMF.” In other words the crunch will come in September.

The fact is the Western banking system, notably the mega-banks, are already bankrupt. They are bankrupt based on the simple fact that, as a whole, Western countries have been importing from the rest of the world, mainly Asia, for the past 30 years using their credit card and the card has maxed out. The Western banks have been pretending this is not the case by creating hundreds of trillions of dollars’ worth of derivatives. These derivatives have very tenuous links to real world things such as Greek people’s income so, something like a Greek default would be enough to send the system into terminal tailspin.

The recent statements from Greek government officials make it very clear they will no longer squeeze Greek citizens to help cabal banks. Here is what the Greek speaker of the House Zoe Konstantopoulou had to say about the debt:

“There is strong evidence on the illegitimacy, odiousness and unsustainability of a large part of what is purported to be the Greek public debt.”

http://blogs.channel4.com/paul-mason-blog/greeces-syriza-party-sticking-script-imf-deal/3717

Getting the Greek government to abandon the EU, join the BRICS bank and accept money from Russia might be the strategy that ends cabal control in Europe. The Greeks have a historical chance to restore Democracy, their invention, to the West. We should find out this autumn.

High level Indonesian government sources meanwhile, contacted the White Dragon Society to inform them that the main gold depository in Indonesia was located inside a military base less than a kilometer from the US embassy in Jakarta. The exact amount of gold was not disclosed but the sources said it was “more than 100,000 tons.” They say the gold bunkers will be opened in

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