One Last Look At The Real Economy Before It Implodes Part 6 of 6
by Brandon Smith
(Editor’s Note: Here is the final installment.)
One Last Look At The Real Economy Before It Implodes Part 6 of 6
by Brandon Smith
(Editor’s Note: Here is the final installment.)
Secession and the Power of the Sword 2015
by Russell D. Longcore, Owner and Editor of DumpDC, president of Abigail Morgan Austin Publishing Company
(Editor’s Note: I wrote this article in February 2010 for the first time. It was WAY ahead of its time then. But we are now five years down the road toward the collapse of the Washington power structure and rogue government. So this updated article is a bit of new perspective along with some of the original article.)
Few people, even patriots…truly understand how close America is to an economic collapse. And when it comes…not IF it comes…every person will be affected in some way. A tiny minority will be prepared, and everyone else will suffer…many will die and die ugly.
I see my friends and fellow travelers in the Liberty movements and the Secession movements vigorously promoting State Secession. But there seems to be an elephant in the room at every gathering…an elephant that few are willing to acknowledge or talk about.
The elephant in the room is military preparedness for a state on the brink of secession, or a newly seceded state/nation. I have heard some of the leaders in state nationalist movements shy away from talking about militias and military preparedness. I have heard speeches where those leaders distance themselves from any notion that the secessionists might have to take up arms and fight. And I certainly understand the sense of self-preservation that motivates those leaders. If the DC regime labels you a “domestic terrorist” or an “enemy of the state,” your life can be drastically altered or ended. And when the label “terrorist” has no real meaning, and can mean anything that DC wants it to mean, it’s best to stay off their drone radar screens.
But at some point, the militia MUST be discussed. And at some point, the militia MUST be created and military preparedness MUST be addressed.
My friends at the website Western Rifle Shooters Association talk about preparedness all the time. But is their talk getting down to the real nitty gritty? I believe it is. I believe that the leaders there are quietly preparing the militia leaders that will be needed when the shyt hits the fan.
There is an absolute requirement of a seceding state to wield the Power of the Sword.
The Power of the Sword I speak of here is the State Militia. A seceding state MUST FIRST establish its own military, and the best form of a military for a new nation is a citizen militia.¹
Over the past 20-30 years, the only stories you might have seen in the media about militias were slanted toward gun-toting, camo-wearing crazies who preach white power, or overthrow of Washington, or some other nutty philosophy. But you will be hard pressed to find a serious treatment of the function of a state militia anywhere in the media. So, the very word “militia” has been tainted and associated with kooks. Believe me, that was their very intent.
Anyone who believes in big government cannot abide the idea that each state should have a “well-regulated militia.” The two entities…big government and state sovereignty exhibited through military resistance…are forever at enmity with each other. Brute force wins every time, and big government is the personification of brute force.
The militia of today will not look like the standing armies of the nations of the world. They will be guerrilla fighters. Look at what the Afghans did to the American armies. Look at what the non-state ISIS fighters are doing all over the Arab world. Look at what the Chechens have done to Russia over the past 30 years. Look at what the Irish Republican Army did to the British occupiers in Ireland. 4th Generation Warfare has made standing armies anachronistic. Tanks won’t win a secession firefight, but IEDs probably will.
The Second Amendment of the US Constitution was supposed to guarantee the existence of state militias. Instead, Washington has inundated Americans with the very laws and regulations that violated the Amendment and purposely infringe upon the right to keep and bear arms. But Washington has always been much less concerned with citizens’ rights to carry concealed weapons than they are committed to stripping the states of their militias. It’s simply that they pulled a Harry Houdini sleight-of-hand ploy. They diverted the attention of the masses over weapons bans, assault rifle restrictions and concealed carry laws…and all the while, militias disappeared in all 50 states.
And as I said, the secessionists are deathly afraid of the topic of militias as armed resistance. Serious, substantive discussion about the re-formation and revitalization of the state militia is off-limits in most circles of the secessionist movement. I have likened this fear to posting a “No Guns In Our House” sign in your front lawn. You may be committed to non-violence, but the criminals aren’t.
It is not reasonable to believe that Washington will simply benignly accept the secession of ANY state. It is not reasonable to believe that DC’s lawyers and bureaucrats will negotiate with ANY seceding state in good faith to accomplish a peaceful separation. It is not reasonable to believe that Federal courts will uphold any legal effort at secession. It is whistling past the graveyard.
By the secessionists assuming the kneeling, cowering position of non-resistance, DC already knows that talk about state secession is an example of “big hat, no cattle.” This is also the main reason that Washington is not threatened by the “Tea Party” rallies. When Washington calls the bluff of the secessionists and says “put up or shut up,” all you will hear is crickets chirping from the state secession movements.
That is, secession movements in states without well-regulated militias.
The Founders of the United States, those men who signed the Declaration of Independence, knew that by affixing their signatures to that sacred document, they had signed their own death warrants. They knew that they would be hung for treason if captured. In this present-day environment in which Washington sees a terrorist lurking in every shadow, and each terrorist perceived as a threat to Washington’s very existence, secessionist leaders in every state will have a bulls-eye on their chests.
I’ve said time and time again that the timing of secession is everything. I’ve said that the best time for secession is after the coming economic meltdown. True enough. But no matter what happens with the dollar, no matter how bad the economy gets, Washington will still have a core of Army, Navy, Air Force and Marine personnel that will obey orders. They will still own tanks and helicopter gunships and jet fighters and warships. There will be a core of law enforcement personnel in every state that are willing to enforce Federal law with deadly force.
Washington’s going to take secession efforts very personally. Remember…the Washington government is staffed with CRIMINALS that have been shaking down the states and We The People for 150 years. Even in the face of a worthless Dollar, they will not go away quietly. The wildest of the wild cards is the Dollar. If DC’s currency collapses, all bets about Washington’s ability to crush secession are off. They may be unable to fend off a challenge to their ownership of the states. But none of us knows what will happen on that day.
In the past, I have focused your attention on the secession of 1989, when the Soviet Union dissolved and the 15 republics of the USSR became sovereign nations once again. I have held hope that such a relatively non-violent separation could occur here in the United States. But that faint hope is fast ebbing in me. I fear that the criminal government class in Washington is staffed with much more desperate criminals than the ones that held together the Soviet Union.
I do not believe that there is a chance in Hell that secession from the United States of America can succeed without any seceding state FIRST revitalizing its citizen militia. Brute force only respects the resistance of an equal or superior brute force. Ladies and gentlemen, there will be blood spilled for liberty again.
If you disagree with me, I invite you to write with your arguments.
Then the future will show us which of us is right.
Secession is the Hope for Mankind. Who will be first…and wisest?
¹Vieira also wrote compellingly about militias. Find his articles at: News With Views. There are a bunch of them.
DumpDC. Six Letters That Can Change History.
By Russell D. Longcore
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I am happy…but not for any reason you may think. Happiness depends upon your perspective and ultimate goals. Cause and effect issues here. If an unexpected event causes other events to happen that move you toward your ultimate goals, it’s good. More later.
Mr. Obama will be with us for another four years. Deal with it.
The Republican Party allowed Willard “Mitt” Romney to buy his way onto the Presidential ticket. And that is as it should be. As 20th Century humorist Will Rogers said:
“We have the best politicians money can buy.”
“The short memory of voters is what keeps our politicians in office.”
“Be thankful we’re not getting all the government we’re paying for.”
CONGRESS has made the rules whereby campaigns are run nowadays. Therefore, when smart guys figure out how to game the system, they should do it. Mitt is a smart guy.
No one in America has fronted the ridiculous notion that Mitt was the best man that the Republicans could find to be the presidential candidate. He just outspent and outlasted the others. And his campaign staff, in league with the Republican National Committee, blackballed Ron Paul.
No one in America has fronted the ridiculous notion that Americans rejected Mitt as president because they rejected his core beliefs. That is because nobody knows what Romney’s core beliefs are. He was the Chameleon Candidate. Reminded me of the 80s hit record “My Obsession” by Animotion. In the chorus, the singer sings, “who do you want me to be to make you sleep with me?” Mitt would be anything you needed to get elected. Remember he ran for Senate in 1994. He’s been doing anything he can to get elected to some office for 18 years. He got the governorship in 2002, only serving one term.
The Republicans made a mildly compelling case that America should fire Mr. Obama. However, they did not make a compelling case that America should hire Mr. Romney.
Think about the HUGE thing that Romney AVOIDED in his campaign…Obamacare. Had he solemnly vowed to abolish Obamacare as President, he probably would have won. Even though he invented Romneycare in Massachusetts, he could have made a convincing case that what works on a state level does not translate to 315 million people…especially when Washington runs it. Or, if his ego wasn’t so enormous, he could have repudiated it.
Think about Mr. Obama’s own words about his “one-term” presidency. Mitt should have beat Barry about the head and shoulders with that for months. But nary a word was heard.
Think about the debates. Romney pulled his punches over and over, refusing to go for the jugular on issues like the Benghazi Embassy deaths.
In Texas Hold-’em parlance…Mitt was not “all in.” He was not willing to get some blood on his hands, so to speak.
American politics is a blood sport. Republicans are not willing to play rough. In NASCAR there is a saying…”Rubbin’ is Racin’.” A NASCAR driver has to be willing to exchange a little paint with other cars or he will not win. But Republicans are not willing to get mean or use a little saucy language. They are not willing to get up in somebody’s face and raise their voices. Give me a candidate who would tell a reporter to “fuck off’ when he asked a stupid question. Give me a candidate who would use some four-letter words in a speech. And give me a candidate who can speak without a teleprompter…a candidate who had such deeply-ingrained core beliefs that he could defend them on the fly. Remember Ross Perot? There was a guy who didn’t put up with a bunch of crap. Scrappy little dude that cost George HW Bush the race against Bill Clinton.
Democrats are always willing to get down in the mud and mix it up. I’m not saying it’s right…just saying that if you know that the rules of the game are that there really are no rules, the one who wants it most usually wins. Barry was fighting for his political legacy and his place in history. Mitt Romney was running to enhance his resume. Who wanted it most?
But keep in mind that Romney is the guy that got beat by McCain who got beat by Obama in 2008. He got the Runner-up trophy in 2008. This year, he gets the Miss Congeniality tiara. Romney is only the best that the oligarchy could find to do their bidding. It is over for Mr. Romney and his quest for the White House.
Apparently, he is not The One.
The big joke is that The One doesn’t exist. Obama is not The One. He is merely The Current One.
Both men are textbook Sociopaths.
So, what are you going to do over the next four years? You may not be happy, but are you going to just bitch about it, or are you going to take control of your own life? Don’t you think that NOW is a good time to seriously consider secession?
In military operations, there is a strategy known as the “OODA loop.” It is one of those famous military acronyms like AWOL, FUBAR and SNAFU (Google them). OODA is Observe, Orient, Decide and Act.
Let us Observe:
• The collapse of the American Dollar the American economy, and subsequently the collapse of the world economic system that is built upon the Dollar, will continue apace. But the pace might quicken. I do not think that Romney would have slowed it, even though he said he would. But it will certainly move ahead now.
• Washington will continue to devour privacy and individual liberties a bite at a time. Or, now that Obama has nothing to lose, the bites might get bigger.
• The Federal Reserve will continue with QEIII in their clueless desperation, intending to kick the can down the road just a little farther on the calendar.
• The Eurozone will continue its slow-motion collapse.
• Washington will continue to foment a shooting war in the Middle East.
• China will continue to very quietly produce and buy gold now that they have the world’s largest gold reserves.
• China will continue to very quietly go around the world and negotiate shrewd trade deals with other nations.
• China, Brazil, Russia, India and South Africa will continue to work toward a new world reserve currency, with China’s money as lead dog.
• China will continue to offer financing to those other nations in the renminbi, their currency. The other nations will gladly accept it.
• When the American economy collapses, and hyperinflation rages, there will be widespread chaos and blood in the streets of most cities.
Then comes Orient:
Orientation usually is done based upon our cultural traditions and experiences… our preconceptions and world view. Orientation is the pair of glasses we wear and through which we see our world. Only this time, very little of our old world view will be true any more. Orientation will have been stood on its head. We must develop a new, functional world view seemingly overnight. Most will not be up to the task. Compare this to the Pentagon. They are still fighting the last big war. But warfare has gone into its Fourth Generation orientation. The days of carriers, battleships and submarines are past. They are stuck in the Third Generation.
Secession serves as a perfect new world view…if you can call it “new.”
Next is Decide:
The best player in an OODA loop moves at a faster tempo than his adversaries, thereby getting into their OODA loop and f**king it up. It creates confusion and a perception of unpredictability about the best player. It also fits perfectly in the strategies proffered by Sun Tzu in the legendary book The Art of War.
Once you see the inevitable progression of events that is going to happen, and come to realize that Secession is the only way to restore individual liberty and property rights to North America, a decision should be made whether or not to participate. Here is a thought…at some point, crossing the Mississippi River westbound may be a problem. You might want to do that before TSHTF. Thought 2: if you want to expatriate, you might want to do that before TSHTF.
Action involves testing what works and what doesn’t. Once you act, you begin the OODA loop all over again. Secession action might be moving your family to a secession-friendly state and getting involved in a secessionist group. Expatriation takes a little more planning.
Think. Use your brain. Do not let anyone tell you how to think. Question ALL authority. Free Your Mind.
Secession is the only hope for humanity. Who will be first?
DumpDC. Six Letters That Will Change History.
© Copyright 2012, Russell D. Longcore. Permission to reprint in whole or in part is gladly granted, provided full credit is given.
The Coming Race War in America
The Coming Race War in America was published in 1996 by Carl Rowan, the black columnist and former ambassador to Finland. The title is not ironic. He foresaw a major racial explosion. The book of course was furiously ignored. It should not have been. It dealt with an apocalyptic vision that has lurked around the edges of American consciousness since before the Civil War. And still does. We just don’t talk about it.
What has this to do with George Zimmerman?
This: Our racial policy has proved a disaster. Sixty years after Brown vs. the School Board, blacks have not assimilated. They constitute a separate people having almost nothing in common with the surrounding European society. They fiercely maintain their identity with their own music, dialect, customs, dress, and names. All attempts to turn them into middle-class whites in darker packaging have failed. Only relentless governmental pressure forces an appearance of partial integration.
Let’s consider a few awkward facts that loom ghoulishly above the body politic, which seems to be decomposing. First, on every known measure of cognitive ability, on IQ, SATs, GREs, everything, blacks average about one standard deviation, fifteen IQ points, below whites. The gap is a fact. It exists. It is reflected in performance. It has proved intractable. In a technological civilization that rewards intelligence, the deficit sharply limits legitimate access to the higher reaches of money, power, class, and prestige.
Second, blacks continue to show little interest in schooling. Exceptions and degrees, yes. Yet consider cities such as Washington, which usually has a black mayor, black city council, mostly black school board, black staffs in the schools, black parents, black students, a high per-capita expenditure—and perhaps the worst schools in the country. This is a fact, and shows no signs of diminishing. It is repeated in countless cities.
If the United States had large numbers of manual jobs that paid a living wage, as for example assembling cars, things might not be so bad. But the United States no longer has many such jobs. The economy has no need for huge numbers of people who read at the level of second-graders, if that. The existence of these people is a fact. When such jobs exist, as for example on police forces, better qualified whites are invariably available. Without remedial intervention, the academic and professional worlds, the managerial ranks of blue-collar trades, would turn almost pure white, and there would be actual hunger in the inner cities.
The solution, to the extent that it can be called a solution, has been a combination of welfare and affirmative action. Each has produced its own kind of dependency. Whites in their own way depend on welfare payments to blacks in that ending welfare would send the cities up in flames. We now have dense concentrations of unemployed, unemployable blacks leading meaningless lives in rotting cities. They are angry, blame whites for their troubles, and do not have a lot to lose. The torching of Los Angeles in 1992 is endlessly repeatable. Only a spark is needed.
None of this improves, and it seems to be getting worse. On the Drudge Report and elsewhere on the web, video after cell phone video appears of pack-attacks by feral blacks on whites and Asians. These attacks often result in brain damage: the attackers are trying to hurt the victims badly, and usually laugh while doing it. Other videos time and again show black teenagers looting Seven-Elevens. The perpetrators show no signs of worry about being caught. They know that white police wouldn’t dare arrest thirty black adolescents.
Whites are frightened of blacks. They are afraid of taking the wrong exit from the freeway and ending up in a black ghetto. They are afraid when they pass young black males in a dark neighborhood. White women clutch their purses and cross the street, try not to get into elevators with them. The fear, seldom mentioned, determines where whites live, where they go, and where they send their children to school.
This unacknowledged fear engenders unacknowledged consequences. When white men buy guns, journalistic organs of that prissy rectitude we call political correctness—the Washington Post, probably National Review—speak of gun nuts, psychosexual inadequacies, and sordid fantasies. Hardly. The purchasers of guns have in mind defending their families should the need arise. Gun buyers do not fear attack by Jewish violinists.
Government also is afraid of blacks. Los Angeles burned because blacks didn’t like the outcome of a trial. Recently cities in England went up because a policeman shot a black. The Zimmerman shooting looks very similar, and blacks are very angry. Jesse Jackson has said that Trayvon was “hunted down like a rabid dog in the street,” that he was “murdered and martyred,” that it was a “hate crime.”
These are the words of a man looking for a fight. One may be available. Charging Zimmerman with murder buys time. If he is acquitted…
The signs are ominous. Tension rises in America. Incomes fall, foreclosures rise, jobs go east, police powers increase, trust in government evaporates, and expectations for the future decline. An unfocused edginess germinates. It is not a recipe for domestic tranquility.
The response of whites to riots by blacks has always been to back away. This prudence, as it is thought to be, has been enforced by the government. If a minority in Russia started burning cities, the army would shoot the rioters on sight. America doesn’t work that way, or hasn’t recently. The lack of consequences for beatings and flash-mobbings, the history of saying “racism” and walking, produces a sense of untouchability in blacks. It could be a mistake.
A spring is being wound. On one hand, when you live in a sprawling tightly packed concentration of people like yourself, it is easy to forget that you are very much a minority, that the majority holds all the high cards, and that food doesn’t really come from Safeway.
On the other hand, via the internet whites now know of the racial attacks, and grow quietly very sick of them. There is among many white men an undercurrent of “Bring it on.” This is not confined merely to cops, soldiers, conservatives, Southerners, westerners, the rural and the blue-collar. You can find it, carefully hidden, in federal offices and even among men in newsrooms. The extent of this sentiment is easy to underestimate. Those who share it don’t dare express it, and most journalists live in ideological bubbles.
We must lynch Zimmerman. Not.
by Prof. James Petras
(Editor’s note: Read this and spread it widely. Before you begin reading, you may not realize how desperately bad this potential war will be. We have talked about how the Dollar will collapse from either (1) China’s efforts to dethrone the Dollar as world reserve currency, or (2) the Euro’s collapse which will take the Dollar with it. But I have not factored in war in the Middle East. I will now. The first wave of war that Professor Petras speaks of may collapse the world economy, but China and Russia will remain on the sidelines during initial hostilities. If it goes badly for Iran, expect them both to jump in. Perhaps the Biblical prediction of the Battle of Armageddon will come true.)
The mounting threat of a US-Israeli military attack against Iran is based on several factors including: (1) the recent military history of both countries in the region, (2) public pronouncements by US and Israeli political leaders, (3) recent and on-going attacks on Lebanon and Syria, prominent allies of Iran, (4) armed attacks and assassinations of Iranian scientists and security officials by proxy and/or terrorist groups under US or Mossad control, (5) the failure of economic sanctions and diplomatic coercion, (6) escalating hysteria and extreme demands for Iran to end legal, civilian use-related uranium enrichment, (7) provocative military ‘exercises’ on Iran’s borders and war games designed for intimidation and a dress rehearsal for a preemptive attack, (8) powerful pro-war pressure groups in both Washington and Tel Aviv including the major Israeli political parties and the powerful AIPAC in the US, (9) and lastly the 2012 National Defense Authorization Act (Obama’s Orwellian Emergency Decree, March 16, 2012).
The US propaganda war operates along two tracks: (1) the dominant message emphasizes the proximity of war and the willingness of the US to use force and violence. This message is directed at Iran and coincides with Israeli announcements of war preparations. (2) The second track targets the ‘liberal public’ with a handful of marginal ‘knowledgeable academics’ (or State Department progressives) playing down the war threat and arguing that reasonable policy makers in Tel Aviv and Washington are aware that Iran does not possess nuclear weapons or any capacity to produce them now or in the near future. The purpose of this liberal backpedaling is to confuse and undermine the majority public opinion, which is clearly opposed to more war preparations, and to derail the burgeoning anti-war movement.
Needless to say the pronouncements of the ‘rational’ warmongers use a ‘double discourse’ based on the facile dismissal of all the historical and empirical evidence to the contrary. When the US and Israel talk of war, prepare for war and engage in pre-war provocations – they intend to go to war – just as they did against Iraq in 2003. Under present international political and military conditions an attack on Iran , initially by Israel with US support, is extremely likely, even as world economic conditions should dictate otherwise and even as the negative strategic consequences will most likely reverberate throughout the world for decades to come.
US and Israeli Military Calculations on Iran’s Capability
American and Israeli strategic policy makers do not agree on the consequences of Iran ’s retaliation against an attack. For their part, the Israeli leaders minimize Iran ’s military capacity to attack and damage the Jewish state, which is their only consideration. They count on their distance, their anti-missile shield and protection from US air and naval forces in the Gulf to cover their sneak attack. On the other hand, US military strategists know the Iranians are capable of inflicting substantial casualties on US warships, which would have to attack Iranian coastal installations in order to support or protect the Israelis.
Israel intelligence is best known for its capacity to organize the assassination of individuals around the world: Mossad has organized successful overseas terrorists acts against Palestinian, Syrian, and Lebanese leaders. On the other hand Israeli intelligence has a very poor track record with regard to its estimates of major military and political undertakings. They seriously underestimated the popular support, military strength and organizational capacity of Hezbollah during the 2006 war in Lebanon . Likewise, Israel intelligence misunderstood the strength and capacity of the Egyptian popular democratic movement as it rose up and overthrew Tel Aviv’s strategic regional ally, the Mubarak dictatorship. While Israeli leaders ‘feign paranoia’ – tossing clichés about ‘existential threats’– they are blinded by their narcissistic arrogance and racism, repeatedly underestimating the technical expertise and political sophistication of their Arab and regional Islamic foes. This is undoubtedly true in their facile dismissal of Iran ’s capacity to retaliate against a planned Israeli air assault.
The US government has now overtly committed itself to supporting an Israeli assault on Iran when it is launched. More specifically, Washington claims it will come to Israel ’s defense ‘unconditionally’ if it is “attacked”. How can Israel avoid being ‘attacked’ when its planes are raining bombs and missiles on Iranian installations, military defenses and support systems, not to mention Iranian cities, ports and strategic infrastructure? Moreover, given the Pentagon’s collaboration and coordinated intelligence systems with the Israel Defense Forces, its role in identifying targets, routes and incoming missiles, as well as integrated weapons and ordinance supply chains will be critical to an IDF attack. There is no way that the US can dissociate itself from the Jewish State’s war on Iran , once the attack has begun.
The Myths of ‘Limited War’: Geography
Washington and Tel Aviv claim and appear to believe that their planned assault on Iran will be a “limited war”, targeting limited objectives and lasting a few days or weeks – with no serious consequences.
We are told Israel ’s brilliant generals have identified all the critical nuclear research facilities, which their surgical air strikes will eliminate without horrific collateral damage to the surrounding population. Once the alleged ‘nuclear weapons’ program is destroyed, all Israelis can resume their lives in full security knowing that another ‘existential’ threat has been eliminated. The Israeli notion of a war, limited in ‘time and space’, is absurd and dangerous – and underlines the arrogance, stupidity and racism of its authors.
To approach Iran ’s nuclear facilities Israeli and US forces will confront well-equipped and defended bases, missile installations, maritime defenses and large-scale fortifications directed by the Revolutionary Guards and the Iranian Armed Forces. Moreover, the defense systems protecting the nuclear facilities are linked by civilian highways, airfields, ports, and backed by a dual purpose (civilian-military) infrastructure, which includes oil refineries and a huge network of administrative offices. To ‘knock out’ the alleged nuclear sites will require expanding the geographic scope of the war. The scientific-technological capacity of the Iranian civilian nuclear program involves a wide swath of its research facilities, including universities, laboratories, manufacturing sites, and design centers. To destroy Iran ’s civilian nuclear program would require Israel (and thus the US ) to attack much more than research facilities or laboratories hidden under a remote mountain. It would require multiple, widespread assaults on targets throughout the country, in other words, a generalized war.
Iran ’s Supreme leader Ayatollah Ali Khamenei has stated that Iran will retaliate with a war of equivalence. Iran will match the breadth and scope of any attack with a corresponding counter-attack: ‘We will attack them at the same level as they attack us’. That means Iran will not confine its retaliation to merely trying to shoot down US and Israeli bombers in its airspace or launch missiles at offshore US warships in its waters but will take the war to equivalent targets in Israel and in US-occupied countries in and around the Gulf. Israel ’s ‘limited war’ will become a generalized war extending throughout the Middle East and beyond.
Israel ’s current delusional fetish about its elaborate missile defense system will be exposed as hundreds of high-powered missiles are launched from Teheran, Southern Lebanon and just beyond the Golan Heights .
The Myth of Limited War: Time Frame
Israeli military experts confidently expect to polish off their Iranian targets in a few days – some might think a mere weekend – and perhaps without the loss of even a single pilot. They expect the Jewish state will celebrate its brilliant victory in the streets of Tel Aviv and Washington. They are deluded by their own sense of superiority. Iran did not fight a brutal, decade-long war against the US-supplied Iraqi invaders and its western/Israeli military advisers, to just turn over and passively submit to a limited number of air and missile attacks by Israel . Iran is a young, educated mobilized society, which can draw on millions of reservists from across the political, ethnic, gender, religious spectrum, galvanized in support of their nation under attack. In a war to defend the homeland all internal differences disappear to confront the unprovoked Israeli-US attack threatening their entire civilization – its 5000-year culture and traditions, as well as its modern scientific advances and institutions. The first wave of US-Israeli attacks will lead to ferocious retaliation, which will not be confined to the original areas of conflict, nor will any such act of Israeli aggression end when and if Iran ’s nuclear research facilities are destroyed and some of its scientists, technicians and skilled workers are killed. The war will continue in time and extend geographically.
Multiple Points of Conflict
Just as any US-Israeli attack on Iran will involve multiple targets, the Iranian military will also have a plethora of easily accessible strategic targets. Though it is difficult to predict exactly where and how Iran will retaliate, one thing is clear: The initial US-Israeli strike will not go unanswered.
Given Israeli-US supremacy in long and medium range sea and air power, Iran will probably rely on short-range objectives. These would include the highly valued US military facilities and supply routes in adjoining terrain (Iraq, Kuwait and Afghanistan) and Israeli targets with missiles launched from Southern Lebanon and possibly Syria. If a few Iranian long-range missiles escape the Jewish State’s much vaunted ‘anti-missile dome’, Israeli population centers may pay a heavy price for their leaders’ recklessness and arrogance.
The Iranian counter-strike will lead to an escalation by US-Israeli forces, extending and deepening their air and sea war to the entire Iranian national security system – military bases, ports, communication systems, command posts and government administrative centers – many in densely populated cities. Iran will counter by launching its greatest strategic asset: a coordinated ground attack involving the Revolutionary Guards together with their allies among the Iraqi Shia troops, against US forces in Iraq . It will coordinate attacks against US facilities in Afghanistan and Pakistan with the growing nationalist-Islamic armed resistance.
The initial conflict, centered on so-called military objectives (scientific research facilities), will spread rapidly to economic targets, or what US and Israeli military strategists refer to as “dual civilian-military” targets. This would include oil fields, highways, factories, communications networks, television stations, water treatment facilities, reservoirs, power stations and administrative offices, such as the Defense Ministry and headquarters of the Republican Guard. Iran, faced with imminent destruction of its entire economy and infrastructure (which occurred in neighboring Iraq with the unprovoked US invasion of 2003), would retaliate by blocking the Straits of Hormuz and sending short range missiles in the direction of the principle oil fields and refineries of the Gulf States including Kuwait and Saudi Arabia, a mere 10 minute distance, crippling the flow of oil to Europe, Asia and the United States and plunging the world economy into deep depression.
It should not be forgotten that the Iranians are probably more aware than anyone in the region of the total devastation suffered by Iraqis after the US invasion, which plunged that nation into total chaos and devastated its advanced infrastructure and civilian administrative apparatus, not to mention the systematic obliteration of its highly educated scientific and technical elite. The waves of Mossad-sponsored assassinations of Iranian scientists, academics and engineers are just a foretaste of what the Israelis have in mind for Iran ’s outstanding scientists, intellectuals and highly skilled technical workers. Iranians should have no illusions about the Americans and Israelis who seek to thrust Iran into the brutal dark ages of Afghanistan and Iraq . They will have no more role in a devastated Iran than their counterparts had in post-Saddam Iraq .
According to US General Mathis, who commands all US forces in the Middle East, Persian Gulf and Southwest Asia, ‘an Israeli first strike would be likely to have dire consequences across the region and for the United States there’ (NY Times, 3/19/12). General Mathis “dire cost” estimate only takes account of the US military losses, likely several hundred sailors on warships within missile distance of Iranian gunners.
However the most delusional and self-serving assessment of the outcome and consequences of an Israeli air attack on Iran, emanates from top Israeli leaders, academics and intelligence experts, who claim superior intelligence, superior defenses and supreme (if also racist) insight into the ‘Iranian mind’. Typical is Israeli Defense Minister Barak who boasts that any Iranian retaliation will at worst inflict minimal casualties on the Israeli population.
The ‘Judeo-centric’ view of re-ordering the balance of power in the region, which is prevalent in leading Israeli war circles, overlooks the likelihood that war will not be decided by Israeli air strikes and anti-missile defenses. Iran ’s missiles cannot be easily contained, especially if they arrive several hundred a minute from three directions, Iran , Lebanon , Syria and possibly from Iranian submarines. Secondly, the collapse of its oil imports will devastate Israel ’s highly energy dependent economy. Thirdly, Israel ’s principle allies, especially the US and the EU, will be severely strained as they are dragged into Israel ’s war and find themselves defending the straits of Hormuz, their army garrisons in Iraq and Afghanistan , and their oil fields and military bases in the Gulf. Such a conflict could ignite the Shia majorities in Bahrain and in the strategic oil-rich provinces of Saudi Arabia . The generalized war will have a devastating effect on the price of oil and the world economy. It will provoke the fury of consumers and workers rage everywhere as factories close and powerful shocks throughout the fragile financial system result in a world depression.
Israel ’s pathological ‘superiority complex’ results in its racist leaders consistently overestimating their own intellectual, technical and military capabilities, while underestimating the knowledge, capacity and courage of their regional, Islamic (in this case Iranian) adversaries. They ignore Iran ’s proven capacity to sustain a prolonged, complex multi-front defensive war and to recover from an initial assault and develop appropriate modern weaponry to inflict severe damage on its attackers. And Iran will have the unconditional and active support of the world’s Muslim population, and perhaps the diplomatic backing of Russia and China , who will obviously view an attack on Iran as another dress rehearsal to contain their growing power.
War, especially an Israeli-US war against Iran is indissolubly linked to the asymmetrical US-Israeli relationship, which sidelines and censors any critical US military and political analysis. Because Israel’s Zionist power configuration in the US can now harness US military power in support of Israel’s drive for regional dominance, Israeli leaders and most of their military feel free to engage in the most outrageous military and destructive adventures, knowing full well that in the first and last instance they can rely on the US to support them with American blood and treasure. But after all of this grotesque servitude to a racist ,isolated country, who will rescue the United States ? Who will prevent the sinking of its ships in the Gulf and the death and maiming of hundreds of its sailors and thousands of its soldiers? And where will the Israelis and US Zionists be when Iraq is overrun by elite Iranian troops and their Iraqi Shia allies and a generalized uprising occurs in Afghanistan ?
The self-centered Israeli policy-makers overlook the likely collapse of the world oil supply as a result of their planned war against Iran . Do their Zionist agents in the US realize that as a result of dragging the US into Israel ’s war, that the Iranian nation will be forced to set the Persian Gulf oilfields ablaze?
How cheap has it become to ‘buy a war’ in the US ? For a mere few million dollars in campaign contributions to corrupt politicians, and through the deliberate penetration of Israel-First agents, academics and politicians into the war-making machinery of the US government, and through the moral cowardice and self-censorship of leading critics, writers and journalists who refuse to name Israel and its agents as the key decision makers in our country’s Mid East policy, we head directly toward a war far beyond any regional military conflagration and toward the collapse of the world economy and the brutal impoverishment of hundreds of millions of people North and South, East and West.
James Petras is a frequent contributor to Global Research.
by Brandon Smith
(Editor’s Note: When the American dollar collapses, the American economy will collapse. The vast majority of Americans keep less than $100 in cash in their home, and less than a week’s supply of food at home. Therefore, most Americans will be in deep shyt immediately upon the advent of the crisis. We here at DumpDC do not expect more than 2-5 American states to secede. The rest will just wait to be told what to do. The population of the United States could easily be reduced by 50-75% after the collapse. This brilliant article outlines the reasons that most of your family and your neighbors are, and will continue to be, sheep. I will be making some comments in italics further down in the article to point out present-day examples of Smith’s signs of slave mentality.)
In the initial stages of nearly every recorded tyranny, the saucer-eyed dumbstruck masses exhibit astonishing and masterful skill when denying reality. The facts behind their dire circumstances and of their antagonistic government become a source of cynical psychological gameplay rather than a source of legitimate concern. Their desperate need to maintain their normalcy bias creates a memory and observation vacuum in which all that runs counter to their false assumptions and preconceptions disappears forever. It is as if they truly cannot see the color of the sky, or the boot on their face. The concrete world of truth becomes a dream, an illusion that can be heeded or completely ignored depending on one’s mood. For them, life is a constant struggle of dissociation, where the tangible is NOT welcome…
This is the problem that we in the Liberty Movement deal with most often in our writings and films. Our confrontation with willful ignorance has been epic, even by far reaching historical standards. The gains in social awareness have been substantial, and yet the obstacles are incredible. Unprecedented. As an activist trend, we have an almost obsessive drive to draw back the curtain so that the public has at least the opportunity to see what is on the other side. Unfortunately, there is another danger that must be taken into account…
It is one thing to bear witness to the rejection of truth in our time and the oblivious attitudes of many towards the growth of totalitarianism. Eventually, though, a second phase in the development of oligarchy arises. I am speaking of the point at which tyranny becomes so blatant that the skeptics have to acknowledge its existence, but after doing so, they choose to rationalize it as necessary. Yes, there are many in this world that will laugh at the prospect of the Orwellian nightmare only to happily embrace it when it arrives in full color.
I was recently looking into the divisive issue of U.S. Marine Sgt. Gary Stein, whose position has come under threat due to his criticisms of Barack Obama and his founding of the ‘Armed Forces Tea Party Facebook Page’. What I discovered was a large number of Americans in support of Stein’s right to speak as a citizen (even under Marine regulations) against the unconstitutional actions of any president or presidential candidate. I also discovered a considerable number who wanted to see the soldier dishonorably discharged, or even set upon a noose as punishment.
Now, we all know that the Department of Defense monitors web news and social networking activity, and they have been caught red handed in the past posing as regular citizens with strangely militant pro-authoritarian views (look into their organized propaganda attacks on websites dealing with the levee failures during Katrina, for instance). It is by no means a stretch to suggest that they would also troll the comments sections of mainstream news articles in an attempt to engineer a fraudulent consensus that Sgt. Stein’s actions have been negatively received by the majority of Americans. But that aside, the underlings at the DOD are still Americans, and the views they espouse are still expressions of a subsection of this country (a small elitist one). Also, sadly, there are plenty of non-government-paid people out there who believe exactly as they do.
Surely, we can debate over the details of Marine regulations until our ears bleed, and I could point out several facts that the mainstream media did not cover in their hit pieces on Stein (like the fact that he went to his superiors and asked them to advise him in the handling of his political position long before the present charges against him were ever formulated, and the fact that he followed many of their suggestions…), but ultimately, the regulations of the Marines or the Federal Government are irrelevant. Such laws are transitory, and are usually written so broadly that the authorities of the day can execute them however they wish to fit their needs at the moment. The real question here is one of principle, moral compass, and Constitutionality (a document which is a reflection of eternal natural law). We have to set aside the pointless legalese of defense standards in the case of Sgt. Stein and ask ourselves an important question; do U.S. troops have a right to free speech?
If you believe so, then their rights are not limited or exclusive. They are free to say whatever any other American has a right to say. If you believe they do not, then you have relegated the troops to the position of second class citizens, or even property of the state. There is NO in-between. Discipline and military coherence be damned. Either these men and women have First Amendment protections and are full citizens or they are mechanisms of the government whose civil liberties have been erased.
Even though I understand the psychology behind it, I am still shaken with raw electrical astonishment when confronted by those who support the latter notion that American soldiers are indeed property of the state, that their actions must be dictated by the president and not the Constitution, and that this is required for the military to function.
Very few of these absurd multitudes ever ask what “function” such a military, populated by ethical robots who are blindly subservient to the dictates of a single man, would actually serve?
What good is an unprincipled military? An unprincipled government? An unprincipled society? What reason is there for these constructs to exist? The Nuremberg Trials solidified the reality that soldiers will be held accountable for following criminal orders, and still, there are some who claim that our troops must adopt a shoot first pay later methodology.
I bring up the circumstances of Sgt. Stein to illustrate the situation our nation is currently facing; we are on the threshold of total despotism, where the naysayers who shrugged off the threat of rogue government yesterday suddenly embrace it and support it today. When Stewart Rhodes first formed the Oath Keepers organization, the same talking point was consistently used in an attempt to derail it; “The orders you would refuse to obey could never occur in this country…” And yet, many of the warnings of Oath Keepers have come to pass, including the unlawful disarming of peaceful U.S. citizens during the disaster in New Orleans, the institution of government directed assassination programs of U.S. citizens under Bush and Obama, the passing of NDAA legislation which includes provisions for indefinite detainment of Americans without trial, warrantless wiretapping, surveillance, and even home invasion by authorities is becoming common, and the Obama Administration has put into place several executive orders (including the The National Defense Resources Preparedness EO) which pave the way for Martial Law to be declared.
The cold hard reality is, the Oath Keepers were right, and Sgt. Stein is right.
And, now that this is becoming undeniable, the opponents of their tenets are switching gears to fight for the implementation of unconstitutional laws which they used to deny were even possible. Can this situation be any more insane? Oh yes…
There are no limits to the surrealist hell that can be unleashed when dealing with what I like to call the “Slave Mentality”. The slave mentality takes many shapes. It is pervasive in times of social distress, and, it can be infectious. The psychologist Carl Jung wrote in his book ‘The Undiscovered Self’ that the cruel sociopathy seen in the populations of Nazi Germany or Stalinist Russia is actually latent in many of us. All it needs is the right set of sociopolitical circumstances and a weak enough will, and the shadows in the hearts of lesser men are given license to come out and play. This is just as true in America, where people now operated on assumptions that the state is an absolute provider in the event of national calamity.
But what are the signs of this unconscious desire for collectivism and control? What makes a slave do what he does? Here are just a handful of explanations to consider…
The True Slave: The true slave is not a person who has been shackled, beaten, tortured, and made to comply under threat of death. As long as that poor soul has the spirit of rebellion and is ever seeking freedom, they are not imprisoned fully. The true slave is a person who enjoys their subservience, who is weighted with fear by the very idea of independence from the system, and who would actually fight and die to maintain the establishment which enslaves them. The true slave is not able to imagine living any other life beyond his micro-managed existence.(Expatriation for liberty’s sake would never cross the mind of the slave, even though somewhere in his past there is an ancestor that gave up everything to come to America.)
The Facts Lose Value: The worst flaw of the slave is not necessarily his ability to overlook the truth, but his ability to see it, comprehend it, and then shrug it off anyway because it is contrary to his mission to fulfill his private delusions. For the slave, the truth exists, but is no longer useful. Lies make his universe turn, and facts are a tool to be used or cast aside at his leisure. (The slave wants peace and prosperity. He waves the flag and supports the troops. He votes faithfully and still believes America is the greatest nation on earth.)
The Obsession With The Law: The slave mentality, though illogical and psychotic, still requires a certain foundation to hold it together. The laws of governments tend to suffice. These laws may go completely against the force of inherent conscience, but because the slave has already abandoned listening to his inner voice of reason, this does not bother him much. If you have ever wondered why modern tyrannies always feel the need to put their horrific enforcements in writing first, THIS is why. Oligarchs understand that the law provides the slave with a means to rationalize his participation in the crimes of the state. After all, if some gut-bloated bloodthirsty elitists in government etch their mad inbred ramblings into law, then we have no choice but to follow them, right? (The Slave will rat you out to the authorities in a heartbeat. He is the kind that says he votes for the least objectionable candidate. He does not question DUI laws, bans on smoking in restaurants, or property seizures in drug busts. He feels envy and anger when he sees a rich guy take all the tax breaks available in the law. And he knows that laws exist and fears them, but has no knowledge of natural law.)
The Need To Be Accepted: A slave seeks harmony not within, but without, even when that “harmony” is with a system that is designed to destroy him. The viciousness of collectivism lay in its ability to comfort converts with atrocity. As long as the slave feels as though he is a part of the machine, and accepted by the group, he cares not what the machine does to others. Common arguments include; “We all have to live together, and so we must sacrifice our selfish individualism for the greater good…” or “Governments are here to protect us and we should do everything we can to make their job easier…” Rarely if ever do they question if the system is legitimately helpful or harmful. The system just “is”, it fulfills their need to be coddled, and that is good enough for them. For all their talk of “unity” and the “greater good”, collectivists are for the most part deeply selfish. They do not support or participate in the collective for the sake of others. They do it to satiate their personal desires. (The slave doesn’t even blink at news stories of soldiers blown to bits by IEDs. Abortion is OK…its just choice. He is enamored of celebrity newsreaders, disc jockeys and politicians. He dares not stand against the groupthink of his social network. He might be a greenie, and be anti-business and anti-capitalist. Slaves love union membership.)
The Need For Control: I suppose it’s ironic, but the average slave loves tyranny because it affords him a perceived seat at the table of power, perhaps for the first time in his entire life. Collectivist slaves are often people who have felt weak and inadequate since childhood. While honorable human beings fight this personal uncertainty by strengthening themselves physically and mentally, and improving upon their own character, the slave takes the easy route by joining with bureaucracy and living vicariously through its conquests. Through the state, the hollow, cowardly, and stupid, have the ability to “show the world who’s boss”, and get revenge for a life filled with meaninglessness. (Slaves march for “justice” for a 17-year-old who got shot while beating a man who was lying on the ground at his feet. They seek union leadership positions, homeowner association officerships, town council seats, state legislature offices. The want to be in charge of the rabble around them.That makes them feel superior.)
The Need For Structure: An individual takes responsibility for himself, learning over time to provide his own structure which works at his pace and serves his unique needs. A slave does not have the energy or the drive to do that, and so, he asks the establishment to tell him how he should live. He will hold at face value the word of nearly anyone in a position of petty authority. When confronted with those who go their own way, or who rebel against the cookie-cutter template for social participation, the slave sneers in disgust. Independent rebellion is abhorrent to him, because the system provides him with his very identity. To insult the fabric of the system is to insult who he is. It’s pathetic, but common. (The slave submits to airport searches, football stadium searches, courthouse searches. He believes the nightly news. He accepts the tyrannical laws from Washington.)
The Need For Vindication: Sometimes it is not enough for certain people to have their own world view. The slave seeks approval for his world view at every turn, even if that world view is twisted by bleary eyed logic, and will go so far as to force others to agree with it so that they can feel safer in their beliefs. It is natural for people to seek out others with similar views and ideals, but, it is not natural or healthy for those same people to use the government apparatus as a weapon to frighten the rest of us into submission just so they can become more confident in their ludicrous slapdash philosophies. Slaves want a world without contradiction. Laughably, everything they do is a contradiction. (“America, love it or leave it.” “Why, there ought to be a law.”)
What I have seen in a number of the reactions to the honest activism of Sgt. Gary Stein is a knee-jerk bias that reeks of the slave mentality, but it offers us a window in gauging the leanings of the general public. Now that the once theoretical dangers of federal fascism are breaking the surface of the water and circling the American sinking ship, the great test is to watch closely where the masses place their priorities. Will they take the path of the individual, admit to the laboratory mutation that our government has become, and try to make things right again? Or, will they take the path of the slave, forget their past follies and empty arguments, and jump on the totalitarian bandwagon? Certainly, it is not as if the cheerleaders of the state usually get out of the tumult with all their limbs intact. In most cases, they are lucky to get out alive once the smoke clears. One might think that the lessons of history would be guide enough, but then again, the average slave has taken every conceivable measure to ensure that his particular fantasy land is magical enough to withstand substantial examination. The system is their drug, and the upheaval that free thought brings is such a buzz-kill.
Copyright 2012. Alt-Market.com.
by Bob Moriarty
(Editor’s note: The penultimate paragraph is one of the most sobering I’ve read in many months. And it’s nearly impossible to argue with the author’s conclusions. Blood will likely be spilled, and that may just be the beginning of the end.)
It doesn’t take long to overthrow a government. Algeria took a couple of months, Egypt took only three weeks. As of now, the Occupy Wall Street event is in its fourth week. It took three weeks of total silence for the news media before they even began to pay attention.
The Revolution probably started on September 24th as Deputy Inspector Anthony Bologna of the New York Police Department casually took out a pepper spray canister and blasts some young women already in the custody of the police. It was all caught on camera as he slithered away.
The mainstream media has yet to really come to grips with the protest. Neither Wall Street nor Washington DC has yet to come to terms with the protests that have now spread all over the country.
It’s true there is no coherent and single message coming from the protestors. All revolutions begin as an unorganized mob of people each with their own agenda. What neither Washington, nor Wall Street get is that Americans are finally waking up. Sure, lots of people were talking about the dangers of derivatives years ago and the stealing going on in Wall Street. But Americans had it pretty good and as long as the paychecks came in, everything was just fine.
Paychecks have stopped for 23.1% of Americans now unemployed; many will never again hold a well-paid job. Those jobs have been shipped overseas and today some 46 million Americans are on food stamps. You can take your pick as to what has caused this attitude adjustment on the part of Americans. An incredible 22.5% of mortgages are underwater. Do the owners of those houses really believe prices will recover or are they hanging on like a cat trying to climb a chalkboard?
Americans have an attitude. It’s going to get worse until we have a massive revolution in the way this country is run. Objectively speaking, it is a no win situation. The government has made promises they cannot possibly honor. Many jobs have been lost forever and Americans are going to go through a long and painful process of adjusting to living with less, in many cases, a lot less.
The 1% doesn’t get it and every time a Rove or Bloomberg or Cantor open their mouths, it becomes more obvious. Americans are pissed and they will continue to multiply on the streets until we have a change of government and attitude.
We can count on the government and police to overreact. They always do and it always makes the change far more violent. The police will start shooting protestors with no reason. Protestors will go home, pick up some of the 194 million guns in the United States and come back and start shooting cops.
This is all very predictible and the outcome is predestined. $195 trillion dollars worth of debt exists in the world and only $150 trillion dollars worth of assets exist. We have to write down the debt and start over with an honest financial system. You cannot have honesty in government without honesty in money.
Bob Moriarty is president of www.321Gold.com.
Copyright ©2001-2011 321gold Ltd. All Rights Reserved
* * * EXTREMELY TIME SENSITIVE MATERIAL * * *
ATLANTA, GEORGIA September 26, 2011 5:00 pm Eastern
Never since the inception of DumpDC in May 2009 have I posted a link like the one you’ll find below. But I just received this link from a VERY TRUSTED SOURCE.
It may be nothing. Absolutely nothing may happen Tuesday the 27th.
But if you read this story, you might notice that way too many “coincidences” are scheduled to happen tomorrow.
I recommend a defensive strategy between now…whenever you read this..and Tuesday morning at 9:00 Mountain Time, 11:00 Eastern. Get as much cash out of your bank accounts as you can. Leave only enough money in the account to keep it open, even if that is only a dollar. Take your cash home. Then wait to see what happens on Tuesday. If nothing happens, re-deposit your money Wednesday. It only cost you your time. But if TSHTF Tuesday, you’ll be glad you’re in a strong cash position.
by Karl Denninger
(Editor’s note: You’d better be keeping your cash in a safe at home, dear readers. Nationwide bank “holidays” could happen literally any day.
Put a fork in it folks.
As I write this (September 5th) the DAX is down well over 5% and there are multiple banks that are lock-limit down and have been suspended over in Europe.
Greek 1 and 2 year bonds are trading over 50% on yield. That’s not a yield, it’s an implied recovery on a default which the market now says is inevitable.
The fraud has finally caught up with the scammers and taking on more and more debt to cover up unpayable debt has run its course. Nobody believes it will work any longer, essentially. The market has called “bullshit” on the scams and frauds and is now serially demanding proof that the banks can fund their liabilities. It is doing so by driving down equity prices, forcing the institutions into a corner where their cash flow inadequacy is exposed.
Banks in the US and Europe have covered this up for the last three years. I pointed out the scams in 2007 and used as an example Washington Mutual when I caught them paying dividends with money they did not have.
That was all that honest regulators (call them “cops” if you wish) needed to step in and demand that crap stop immediately, and to close the institution if they couldn’t or wouldn’t cease and desist.
But that was not done.
Then 2008 happened, exactly as I predicted it would. Why? Because while you can lie about balance sheets for a long time, I’ve never seen a bank anywhere in the world that will let you lie about a deposit ticket. That is, cash flow always wins.
The solution? Borrow more money! Look Ma, I can’t be broke – I still have checks!
That was good for two years. But now that scam has run out of gas as well, as the ability to continue to roll over paper one instrument after another finally hit the wall and people said “wait a second, this is a scam – you can’t pay the original note and are trying to con me!”
Well, yes. They were. This is a surprise when we’ve spent 30 years running the same scam? Exactly how dumb are you to continue to buy into the same scheme that you know blew up in your face in 2008?
In 2007 and early 08 I counseled “ring-fencing” the government in the United States and pulling the supports, forcing the over-levered to default. Yes, I know, that would be disruptive. Very disruptive. But the government would go on and in the places where there was too much leverage, those people would go bankrupt on both sides of the transaction. Instead of blowing $4.5 trillion on “stimulus” programs we could have spent $200 billion providing three hots and cot to a quarter of the population for a year. “Creative destruction” would have taken care of the rest – the bad institutions would have gone under, bankruptcy would have been rampant, but from the ashes there would have been a massive rebound in the economy and the clouds would lift – with about half the debt in the nation gone.
But now the $4.5 trillion is gone and it did nothing other than make the problem worse! We propped up the insolvent and let them play games for two more years, but we solved nothing and there has been no recovery. There was no recovery in jobs, no recovery in anything – except stock prices that sucked people back in after having sold at or near the bottom. Now they’re being hammered a second time within three years by the same fraud that got them the last time, egged on by a Federal Reserve ChairSatan who has publicly taken credit for the stock market’s rise, implicitly stating he would continue to make sure it didn’t collapse again.
The problem is that neither he or anyone else can continue to cover up fraud forever.
The market has declared that it does not believe claims of solvency and capital adequacy of financial institutions and is now demanding strict proof. There is no proof available as the claims of solvency are lies.
Therefore, we’re seeing the DAX down more than 5% and many banks over in Europe falling 5 or even 10% a day. Our own markets were down 2.5% Friday and the futures at present are down another 2%, so we’re right behind them. Many European markets are just 15 – 20% above the 2009 lows and it appears they’re headed straight for them.
We won’t be far behind.
This is not an academic exercise. Many institutions – especially insurance companies and pension funds – are heavily dependent on that not happening. They will detonate if the market trades there and remains there for any length of time.
Congress has ignored the warnings from myself and a handful of others who have been in front of this for years. The government simply doesn’t give a damn – either Republicans or Democrats. Both sides of the aisle are too busy blowing the banksters under the desk and protecting their frauds.
Oh sure, there will be bounces and there will be moves higher in the market, and there will be further attempts to “save” the market and “save” the economy.
They will fail, because none of the proposals on the table are intended to do anything about the fraud and until that is cleared from the system there can be no actual and durable recovery.
Unfortunately there are so many possible detonations approaching at high speed that there is no option but to move the lights.
Karl Denninger writes at http://market-ticker.org.
Dismal Racial Premonitions
by Fred Reed
(Editor’s Note: We ALWAYS have time for Fred’s articles.)
Like everyone else, I suppose, I’ve been watching the racial riots that have erupted across England. The newsies of the BBC carefully avoided saying who was rioting, vandalizing, and stealing, and the footage was all fuzzy long shots or of rioters from the back. They were, however, as a reporter for The Independent pointed out, black.
There was the usual puzzled, or pseudo-puzzled wondering: Why did the “youths”–they are always called youths — doing it? Curiously, it was a black conservative on Hardtalk (of the BBC) who said it: the rioters were , criminal, unsocialized to civilized norms and simply wanted to rob stores selling things they liked.
Which led me to think about the US. It’s a little more complicated. Imagine a black kid of seventeen in Detroit. He can’t read or, if he can, barely. He has never read a book, and never will. He doesn’t know where England is, or Africa, or the United States. His mental world is small beyond the imagining of the literate. He has no grasp of government, and has never heard of any author. He cannot do simple arithmetic. He has perhaps never seen a checkbook, and will never have one. He doesn’t watch the news. If he did, would not understand what he was seeing. Ideas like Prime Minister, exchange rate, and United Nations are utterly beyond him.
I am not being cruel. I am describing a condition, the normal, usual, unexceptional condition of American blacks of the urban slums.
Of history, the kid knows only that blacks were enslaved by whites. He cannot approximate the dates of the Civil War (as neither, astoundingly, can many white “college graduates”) and cannot name a single country in Africa, but he knows that blacks were stolen from their homes and very badly treated.
He has in all likelihood never been out of Detroit, or perhaps his neighborhood. He has no contact with the larger society except through the police and television, where he sees whites leading glamorous lives in a wide world beyond his grasp. He would be very uncomfortable in a small town in white America, having less familiarity with the culture that would an American in a small town in Italy. Further, he speaks something so far from standard English that he would have difficulty talking to most whites.
He doesn’t have a job or, if he does, it will be of a very low level with no future that he can see. There is a reason why cash-register keys in fast-food chutes have pictures of hamburgers and milk shakes instead of words, why the registers make change automatically. The kid in Detroit can’t make change. Little commercial demand exists for the illiterate and innumerate who have very bad attitudes.
Which the kid has. He hates whites, whom he blames for all of his troubles and inadequacies. He hates Asians, who excel in school. It is an ugly hatred on a hair trigger and explodes readily in savage violence. The media play this down, hard, but what you pretend doesn’t exist still does.
The kid from Detroit has no loyalty at all to the United States. Why would he? It is a white country, and he hates whites. He doesn’t know who fought in World War Two, or when it took place, but he knows that whites enslaved blacks, and that he is on the bottom of things. He blames whites. “Country” is too large an abstraction for him.
Now, intellectuals and quasis of the salon classes, few of whom have the slightest familiarity with kids from Detroit, prattle of oppression and opportunity and social this and social that, and blame blacks, or whites, or God, or sunspots — but chiefly, each other. Racial discourse in America usually consists of liberals and conservatives battling each other, neither having much interest in blacks. Both offer solutions of which the kid is perfectly incapable. Liberals believe that with enough federal uplift and and warm-and-fuzziness he will have better self-esteem and begin to study and prosper—which for a variety of reasons he hasn’t, isn’t, and won’t. Conservatives think that if he only worked hard and read the Founding Fathers, he would rise like Rockefeller, which he can’t and won’t.
What we have then in England and the US are large concentrations of people who do not share the values of Caucasian civilization. This matters. A society’s accepted values, not its laws, determine its behavior. When the tidal waves wrecked Japan, how many mobs of looters attacked the unguarded shopping centers? For the mathematically advanced reader, I will offer a hint: It is a non-negative integer less than one. Years back, I wandered the side streets of Tokyo after midnight, without fear, and saw dating couples doing the same thing. The Japanese do not refrain from violent criminality because the police watch them, but because they agree that they do not want a violently criminal society.
The blacks of the festering, simmering slums clearly do not share the values of European whites, and will loot when they can get away with it. I might also if I saw the surrounding country as my enemy. The difference between the looting in England and that in the US seems to be that in London it was more a matter of stealing electronics, whereas in the US it involves much more of racial hatred.
Where does this lead? What do we do? The approach both tacitly accepted and firmly enforced has been one of bread and circuses, or rather welfare and television, to keep the lid on in the “inner city,” as we say; this, accompanied by heavy pressure from government and salon not to notice what is happening. It was perhaps the best response — best for whites, anyway. It left the slums hopeless, depraved, but quiescent. Affirmative action kept the pressure down, and smart, ambitious blacks were admitted in small numbers to the salons and became superstars, like Jessie Jackson. This kept them from becoming real revolutionaries. The blacks of the slums stayed chiefly in the slums and, while welfare produced a terrible dependency, all of these measures ensured a static, artificial calm.
But now bankruptcy looms, and Congress threatens to cut social spending to pay for the wars. There is no longer enough money is a divided nation to buy everyone off. Whites will not revolt, not violently, but blacks will. I don’t think the faculty lounges understand how much anger there is among whites. I’m sorry, Ms. Couric, but it is not just twelve louts in the KKK and a few militias in Idaho that are very pissed at blacks. It is pretty much the blue-collar world, the cops, the firemen, and most (I really think) educated conservatives. Plus a whole lot of journalists who keep their mouths carefully shut.
This is not good. Not good at all.