Tag Archives: STOCK MARKET

Good Economic Numbers? Don’t Be Fooled By The Financial Sugar High

Good Economic Numbers? Don’t Be Fooled By The Financial Sugar High

The U.S. financial system is like a junkie that needs continually increasing amounts of “junk” to get the same “buzz”. So what is the U.S. financial system addicted to? It is addicted to money and debt. For many years, whenever the Federal Reserve would lower interest rates or the U.S government would borrow and spend more money, the U.S. economy would respond positively. But just like with any other kind of artificial stimulation, over time it has taken greater and greater amounts of debt and cheap money to get a response from our economic system. So yes, the fact that the official unemployment rate went down 0.1% last month is good news, but considering the massive amount of spending that the U.S. government is doing and considering the gigantic quantity of money that the Federal Reserve is injecting into the financial system, the truth is that the unemployment rate should be falling much faster than that. So don’t be fooled by the good economic numbers and don’t be fooled by the financial “sugar rush”. The U.S. government and the Federal Reserve have been pulling out all the stops to stimulate the economy, and the fact that all of their efforts are barely moving the unemployment rate at all is an indication of just how far our economic situation has degenerated.

Many in the mainstream media were extremely excited when the U.S. Bureau of Labor Statistics announced that the U.S. unemployment rate declined to 8.8% in March. U.S. stocks soared as investors enthusiastically welcomed the news. But should we all really be jumping up and down over this?

The truth is that some other measures show that the unemployment situation in the United States is becoming worse.

According to Gallup, the number of Americans that are either unemployed or working part-time but desiring full-time work actually rose from 19.8 percent in February to 20.3 percent in March.

So let us not get too excited about the employment situation. Yes, unemployment is not spinning wildly out of control at the moment and that is good news.

However, when you look at the larger picture things look rather grim.

What the U.S. government and the Federal Reserve have been doing is that they have been mortgaging our future big time for short-term economic gain.

This year alone, the U.S. government is going to run an all-time record budget deficit of approximately 1.6 trillion dollars. By borrowing 1.6 trillion dollars that we do not have and spending it into the system, it does stimulate the economy.

There are some members of Congress that would like to implement substantial budget cuts, but most members of Congress fear doing too much budget cutting right now because it would “harm the economy”.

And you know what? They are right – budget cuts would harm our economy in the short-term.

But continuing to pile up all of this debt is setting the stage for an absolute economic nightmare in the mid to long term.

We have lived far, far beyond our means for decades, and most of our politicians are acting like this can go forever.

But tell me, does anyone out there actually believe that we can keep expanding the national debt like this indefinitely?….

Yes, government spending does stimulate the economy. The Keynesians are right about that.

However, by accumulating a national debt that is spinning wildly out of control, we have completely destroyed the economic future of this nation.

The Federal Reserve has been very busy trying to stimulate the U.S. economy as well.

Over the past couple of years, the Fed has been injecting massive amounts of money into the financial system. The theory is that the financial system will loan this money out to the American people and that will stimulate the economy and create more jobs.

Well, that may very well be true to a certain extent in the short-term, but as I wrote about yesterday, in the long-term this is going to create a substantial amount of inflation.

The chart posted below cannot be emphasized enough. It shows how the Fed has dramatically increased the size of the adjusted monetary base since mid-2008….

Yes, all of this new money will stimulate economic activity, but it is completely and totally ludicrous for Ben Bernanke to attempt to deny that this is also going to cause significant inflation.

So when taking a look at the economic numbers, it is absolutely critical to keep in mind that our “authorities” have pushed all the chips to the middle of the table in an all-out attempt to stimulate the economy in the short-term.

The small economic “sugar rush” that we are experiencing right now is all we have gotten out of it so far.

Sadly, this is about the best that the U.S. economy is going to do from now on. Things really are not going to get much better than this.

Yes, unemployment numbers might come down a little more, but pretty soon inflation is going to really kick in and that is going to have a really negative impact on tens of millions of Americans.

First of all, when inflation really starts taking off it is going to be absolutely devastating for those on fixed incomes. Many of them will be completely wiped out.

Secondly, those that do have jobs are going to find that their incomes are not nearly keeping up with inflation.

In fact, we are seeing this starting to happen already.

According to the Bureau of Labor Statistics, U.S. workers in the private sector only saw their pay increase by 2.1% during 2010.

So did what we are paying for food and gas only go up 2.1% in 2010?

Of course not.

So are things getting better so far in 2011?

No.

One of the depressing things about the new numbers released by U.S. Bureau of Labor Statistics was that wages for U.S. workers did not increase in March.

According to the BLS, the average U.S. worker earned $22.87 an hour during the month of March, which is exactly the same number we saw in February.

So inflation is going up and wages are staying flat.

That means that American family budgets are going to be squeezed even more.

In addition, the numbers from the BLS show that it is still incredibly difficult to get a job. In fact, the average length of unemployment in the U.S. is now an all-time record 39 weeks.

So is anyone doing well right now?

Well, yes – as I have written about previously, those at the very top of the food chain are doing quite well these days.

According to USA Today, median CEO pay soared 27 percent during 2010. For the year, median CEO pay was a stunning $9.0 million.

Wouldn’t you like to be making 9 million dollars a year?

According a recent report by CNN, the 25 highest-paid hedge fund managers in the United States combined to bring in an astounding $22.07 billion in income during 2010.

Wouldn’t you like to get just a small piece of that?

All of the measures that the government and the Federal Reserve are using to stimulate the economy are causing tremendous distortions in our financial system.

Wall Street is absolutely swimming in cash right now. There are some people that are making obscene amounts of money.

But ultimately the party is going to end for all of us.

It has been incredibly foolish for the government and the Fed to go “all in” in a desperate attempt to boost short-term economic numbers.

Our long-term economic future is completely gone. Our financial system is heading for a horrible collapse. It is not a matter of “if” it will happen, but rather “when” it will happen.

You better buckle up and get ready.

http://theeconomiccollapseblog.com/archives/good-economic-numbers-dont-be-fooled-by-the-financial-sugar-high

30 Ben Bernanke Quotes That Are So Stupid That You Won’t Know Whether To Laugh Or Cry

Say What? 30 Ben Bernanke Quotes That Are So Stupid That You Won’t Know Whether To Laugh Or Cry

Federal Reserve Chairman Ben Bernanke on 60 Minutes portrayed the Federal Reserve as the great protector of the U.S. economy. They claimed that unemployment would be 15 percent higher if the Federal Reserve had sat back and done nothing during the financial crisis and he even started laying the groundwork for a third round of quantitative easing. Unfortunately, 60 Minutes did not ask Bernanke any hard questions and did not challenge him on his past record. It was almost as if they considered Bernanke to be above criticism. But someone in the mainstream media should be taking a closer look at this guy and his record. The truth is that the incompetence that Bernanke has displayed over the past few years makes the Cincinnati Bengals look like a model of excellence. Bernanke kept insisting that the housing market was stable even while it was falling apart, he had absolutely no idea the financial crisis was coming, he declared that Fannie Mae and Freddie Mac were in no danger of failing just before they failed, his policies have created asset bubble after asset bubble and the world financial system is now inherently unstable. But even with such horrific job performance, Barack Obama and leaders of both political parties continue to publicly praise Bernanke at every opportunity. What in the world is going on here?

Not that Bernanke is solely responsible. His predecessor, Alan Greenspan, was responsible for many of the policies that have brought us to this point. In addition, most of the other presidents of the individual Federal Reserve banks across the United States seem just as clueless as Bernanke.

But you would think at some point someone in authority would be calling for Bernanke to resign. Accountability has to begin somewhere.

The Bernanke quotes that you will read below reveal a pattern of incompetence and mismanagement that is absolutely mind blowing. Looking back now, we can see that Bernanke was wrong about almost everything.

But the mainstream media and our top politicians keep insisting that Bernanke is the man to lead our economy into a bright future.

It is almost as if we have been transported into some bizarre episode of “The Twilight Zone” where the more incompetence someone exhibits the more they are to be praised.

The following are 30 Ben Bernanke quotes that are so stupid that you won’t know whether to laugh or cry….

#1 (October 20, 2005) “House prices have risen by nearly 25 percent over the past two years. Although speculative activity has increased in some areas, at a national level these price increases largely reflect strong economic fundamentals.”

#2 (On 60 Minutes in response to a question about what would have happened if the Federal Reserve had not “bailed out” the U.S. economy) “Unemployment would be much, much higher. It might be something like it was in the Depression. Twenty-five percent.”

#3 (February 15, 2006) “Housing markets are cooling a bit. Our expectation is that the decline in activity or the slowing in activity will be moderate, that house prices will probably continue to rise.”

#4 (January 10, 2008) “The Federal Reserve is not currently forecasting a recession.”

#5 (When asked directly during a congressional hearing if the Federal Reserve would monetize U.S. government debt) “The Federal Reserve will not monetize the debt.”

#6 “One myth that’s out there is that what we’re doing is printing money. We’re not printing money.”

#7 “The money supply is not changing in any significant way. What we’re doing is lowering interest rates by buying Treasury securities.”

#8 (November 21, 2002) “The U.S. government has a technology, called a printing press (or today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at no cost.”

#9 (March 28, 2007) “At this juncture, however, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained. In particular, mortgages to prime borrowers and fixed-rate mortgages to all classes of borrowers continue to perform well, with low rates of delinquency.”

#10 (July, 2005) “We’ve never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don’t think it’s gonna drive the economy too far from its full employment path, though.”

#11 “Although low inflation is generally good, inflation that is too low can pose risks to the economy – especially when the economy is struggling.”

#12 (February 15, 2007) “Despite the ongoing adjustments in the housing sector, overall economic prospects for households remain good. Household finances appear generally solid, and delinquency rates on most types of consumer loans and residential mortgages remain low.”

#13 (October 31, 2007) “It is not the responsibility of the Federal Reserve – nor would it be appropriate – to protect lenders and investors from the consequences of their financial decisions.”

#14 (On the possibility that the Fed might launch QE3) “Oh, it’s certainly possible. And again, it depends on the efficacy of the program. It depends on inflation. And finally it depends on how the economy looks.”

#15 (November 15, 2005) “With respect to their safety, derivatives, for the most part, are traded among very sophisticated financial institutions and individuals who have considerable incentive to understand them and to use them properly.”

#16 (January 18, 2008) “[The U.S. economy] has a strong labor force, excellent productivity and technology, and a deep and liquid financial market that is in the process of repairing itself.”

#17 “I wish I’d been omniscient and seen the crisis coming.”

#18 (May 17, 2007) “All that said, given the fundamental factors in place that should support the demand for housing, we believe the effect of the troubles in the subprime sector on the broader housing market will likely be limited, and we do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system. The vast majority of mortgages, including even subprime mortgages, continue to perform well. Past gains in house prices have left most homeowners with significant amounts of home equity, and growth in jobs and incomes should help keep the financial obligations of most households manageable.”

#19 “The GSEs are adequately capitalized. They are in no danger of failing.”

#20 (Two months before Fannie Mae and Freddie Mac collapsed and were nationalized) “They will make it through the storm.”

#21 (September 23rd, 2008) “My interest is solely for the strength and recovery of the U.S. economy.”

#22 “Economics has many substantive areas of knowledge where there is agreement but also contains areas of controversy. That’s inescapable.”

#23 “I don’t think that Chinese ownership of U.S. assets is so large as to put our country at risk economically.”

#24 “We’ve been very, very clear that we will not allow inflation to rise above 2 percent.”

#25 “…inflation is running at rates that are too low relative to the levels that the Committee judges to be most consistent with the Federal Reserve’s dual mandate in the longer run.”

#26 (June 10, 2008) “The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so.”

#27 “Not all information is beneficial.”

#28 “The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.”

#29 “Similarly, the mandate-consistent inflation rate–the inflation rate that best promotes our dual objectives in the long run–is not necessarily zero; indeed, Committee participants have generally judged that a modestly positive inflation rate over the longer run is most consistent with the dual mandate.”

#30 (October 4, 2006) “If current trends continue, the typical U.S. worker will be considerably more productive several decades from now. Thus, one might argue that letting future generations bear the burden of population aging is appropriate, as they will likely be richer than we are even taking that burden into account.”

http://theeconomiccollapseblog.com/archives/say-what-30-ben-bernanke-quotes-that-are-so-stupid-that-you-wont-know-whether-to-laugh-or-cry

20 Quotes About The Economic Collapse In Europe That Will Make Your Hair Stand On End

Most Americans have been paying very little attention to it, but right now Europe is desperately fighting to avoid a complete financial and economic collapse. As the euro continues to fall precipitously, European leaders are openly declaring that this is the biggest financial crisis that Europe has experienced since at least World War II. So exactly what is causing all this? Well, just like the United States, countries throughout Europe responded to the economic crisis of the last several years by spending a ton of money. The problem is that quite a few of these European nations got into debt way over their heads. In particular, Greece, Spain, Portugal, Ireland and Italy are literally drowning in debt. There is a very real possibility that several of them may soon default on their debts. If that happens it could set off a financial shockwave that could encircle the entire world. Because of the interconnectedness of the global economy, a financial meltdown in Europe would have a dramatic impact on the U.S. economy. In fact, the continued ability of millions of Americans to enjoy the American Dream is dependent on events that are currently playing out in Europe. Most Americans completely do not understand this, but it doesn’t make it any less true. If Europe’s economy goes down hard, the already very fragile U.S. economy will be crushed as well.

So just how bad is the situation in Europe right now?

Well, let’s hear from some of the experts.

The following are 20 quotes about the economic collapse in Europe that will make your hair stand on end….

#1) Andrew Lilico, chief economist at Policy Exchange:

“Greece will certainly default on its debts, and it is an open question whether Greece will experience some form of revolution or coup – I’d put the likelihood of that over the next five years as around one in four.”

#2) Bank of England Governor Mervyn King:

“Dealing with a banking crisis was difficult enough, but at least there were public-sector balance sheets on to which the problems could be moved. Once you move into sovereign debt, there is no answer; there’s no backstop.”

#3) GFT Forex’s Boris Schlossberg:

“I think we run the risk of seeing 1.16/1.17 before the next selling phase dies down. The euro is just absolutely hated here. The European rescue package still faces some regional opposition. There were rumors the German high court could rule it was unconstitutional. They don’t have a federal mechanism to put it in place, and there’s worries that at any point in time, the rescue package could be sabotaged.”

#4) Jeremy Batstone-Carr, analyst at Charles Stanley:

“The world is in the midst of a gigantic credit collapse.”

#5) German Chancellor Angela Merkel:

“The current crisis facing the euro is the biggest test Europe has faced for decades, even since the Treaty of Rome was signed in 1957.”

#6) Charles Lieberman, chief investment officer of Advisors Capital Management:

“Investors don’t have the confidence that Europe will be able to address its shortfalls, or that European growth can recover enough to help these economies.”

#7) U.K. Prime Minister David Cameron:

“Today we spend more on debt interest than we do on running schools in England. But £70bn means spending more on debt interest than we currently do on running schools in England plus climate change plus transport. Interest payments of £70bn mean that for every single pound you pay in tax, 10 pence would be spent on interest.”

#8) Jeremy Charlesworth, manager of the Moonraker Commodities fund:

“Yet the European Union has decided that the solution to the debt crisis is even more debt and confidence in the recovery package has now evaporated. When people abandon bonds and Western currencies they will look for real assets, which can’t be created at the touch of a button.”

#9) Michael Pento, Chief Economist at Delta Global Advisors:

“The crisis in Greece is going to spread to Spain and it’s going to be very difficult to deal with. They are bailing out debt with more debt and it isn’t sustainable. It’s a wonderful scenario for gold.”

#10) Frank McGhee, the head dealer at Integrated Brokerage Services LLC in Chicago:

“The fear in Europe is very palpable, and it’s spreading to the U.S.”

#11) Dan Burrows of Daily Finance:

“You don’t have to be a member of the build-a-bunker-in-Montana crowd to believe gold could hit $2,500 in the next couple of years.”

#12) Tim Congdon of International Monetary Research:

“The eurozone will lose three or four members”

#13) Paul Donovan, the Senior Economist at UBS:

“Now people are questioning if the euro will even exist in three years.”

#14) Equity Strategist Peter Boockvar:

“Not becoming the next Greece is the European rallying cry to get budget cuts passed and there is nothing like a crisis to get politicians to act.”

#15) A recent editorial in El Pais:

“To maintain debt solvency Spain must squeeze public spending: yet this policy undermines the chances of recovery which itself causes further loss of confidence.”

#16) LEAP/E2020:

“LEAP/E2020 believes that the global systemic crisis will experience a new tipping point from Spring 2010. Indeed, at that time, the public finances of the major Western countries are going to become unmanageable, as it will simultaneously become clear that new support measures for the economy are needed because of the failure of the various stimuli in 2009, and that the size of budget deficits preclude any significant new expenditures.”

#17) Anthony Fry, the senior managing director at Evercore Partners:

“I don’t want to scare anyone but I am considering investing in barbed wire and guns, things are not looking good and rates are heading higher.”

#18) Greg Peters, global head of fixed income and economic research with Morgan Stanley:

“Really, what I worry about most is the sovereign debt crisis becoming a rolling crisis and hitting the shores of the UK and the United States.”

#19) Bob Chapman of the International Forecaster:

“There is still no question in our minds that Greece was a setup to lead to a deflationary collapse later and the Greek people refused to listen. As a result it is now apparent that Greece is even worse off than the elitists imagined. We do not see European bailouts going any further. The result is the US and UK will follow. Financial Europe is history. You should all keep in mind that this is child’s play. Wait until England and the US go down, perhaps before the end of the year.”

#20) The front page of Der Spiegel, May 5th, 2010:

“Euroland, burned down. A continent on the way to bankruptcy.”
http://endoftheamericandream.com/archives/20-quotes-about-the-economic-collapse-in-europe-that-will-make-your-hair-stand-on-end

Wow, That Was Fast! Libyan Rebels Have Already Established New Central Bank Of Libya

Wow, That Was Fast! Libyan Rebels Have Already Established New Central Bank Of Libya

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By 21st Century Wire

The rebels in Libya are in the middle of a life or death civil war and Moammar Gadhafi is still in power and yet somehow the Libyan rebels have had enough time to establish a new Central Bank of Libya and form a new national oil company. Perhaps when this conflict is over those rebels can become time management consultants.

They sure do get a lot done. What a skilled bunch of rebels – they can fight a war during the day and draw up a new central bank and a new national oil company at night without any outside help whatsoever. If only the rest of us were so versatile! But isn’t forming a central bank something that could be done after the civil war is over? According to Bloomberg, the Transitional National Council has “designated the Central Bank of Benghazi as a monetary authority competent in monetary policies in Libya and the appointment of a governor to the Central Bank of Libya, with a temporary headquarters in Benghazi.” Apparently someone felt that it was very important to get pesky matters such as control of the banks and control of the money supply out of the way even before a new government is formed.

Of course it is probably safe to assume that the new Central Bank of Libya will be 100% owned and 100% controlled by the newly liberated people of Libya, isn’t it?
Libyan rebels

BANKERS REBELS: Western-backed Libyan rebels managed to liase with Goldman Sachs and form a bank? Smells like a City rat.

Most people don’t realize that the previous Central Bank of Libya was 100% state owned. The following is an excerpt from Wikipedia’s article on the former Central Bank of Libya….

The Central Bank of Libya (CBL) is 100% state owned and represents the monetary authority in The Great Socialist People’s Libyan Arab Jamahiriya and enjoys the status of autonomous corporate body. The law establishing the CBL stipulates that the objectives of the central bank shall be to maintain monetary stability in Libya , and to promote the sustained growth of the economy in accordance with the general economic policy of the state.

Since the old Central Bank of Libya was state owned, it was essentially under the control of Moammar Gadhafi. But now that Libya is going to be “free”, the new Central Bank of Libya will be run by Libyans and solely for the benefit of Libyans, right? Of course it is probably safe to assume that will be the case with the new national oil company as well, isn’t it?

Over the past couple of years, Moammar Gadhafi had threatened to nationalize the oil industry in Libya and kick western oil companies out of the country, but now that Libya will be “free” the people of Libya will be able to work hand in hand with “big oil” and this will create a better Libya for everyone.

Right?

Of course oil had absolutely nothing to do with why the U.S. “inva—” (scratch that) “initiated a kinetic humanitarian liberty action” in Libya. When Barack Obama looked straight into the camera and told the American people that the war in Libya is in the “strategic interest” of the United States, surely he was not referring to oil. After all, war for oil was a “Bush thing”, right? The Democrats voted for Obama to end wars like this, right? Surely no prominent Democrats will publicly support this war in Libya, right? Surely Barack Obama will end the bombing of Libya if the international community begins to object, right? Obama won a Nobel Peace Prize. He wouldn’t deeply upset the other major powers on the globe and bring us closer to World War III, would he?

Russian Foreign Minister Sergei Lavrov has loudly denounced “coalition strikes on columns of Gaddafi’s forces” and he believes that the U.S. has badly violated the terms of the UN Security Council resolution….

We consider that intervention by the coalition in what is essentially an internal civil war is not sanctioned by the U.N. Security Council resolution.

So to cool off rising tensions with the rest of the world, Obama is going to call off the air strikes, right? Well, considering the fact that Obama has such vast foreign policy experience we should all be able to rest easy knowing that Obama will understand exactly what to do.

Meanwhile, the rebels seem to be getting the hang of international trade already. They have even signed an oil deal with Qatar! Rebel “spokesman” Ali Tarhouni has announced that oil exports to Qatar will begin in “less than a week“. Who knew that the rag tag group of rebels in Libya were also masters of banking and international trade? We sure do live in a strange world.

Tonight, Barack Obama told the American people the following….

Some nations may be able to turn a blind eye to atrocities in other countries. The United States of America is different.”

So now we are going to police all of the atrocities in all of the other countries around the globe? The last time I checked, the government was gunning down protesters in Syria. Is it time to start warming up the Tomahawks? Or do we reserve “humanitarian interventions” only for those nations that have a lot of oil? In fact, atrocities are currently being committed all over Africa and in about a dozen different nations in the Middle East.

Should we institute a draft so that we will have enough young men and women to police the world with? We all have to be ready to serve our country, right? The world is becoming a smaller place every day, and you never know where U.S. “strategic interests” are going to be threatened next. The rest of the world understands that we know best, right? Of course the rest of the world can surely see our good intentions in Libya, can’t they?

Tensions with Russia, China and the rest of the Arab world are certainly going to subside after they all see how selfless our “humanitarian intervention” has been in Libya, don’t you think? In all seriousness, we now live in a world where nothing is stable anymore. Wars and revolutions are breaking out all over the globe, unprecedented natural disasters are happening with alarming frequency and the global economy is on the verge of total collapse.

By interfering in Libya, we are just making things worse. Gadhafi is certainly a horrible dictator, but this was a fight for the Libyan people to sort out.

We promised the rest of the world that we were only going to be setting up a “no fly zone”. By violating the terms of the UN Security Council resolution, we have shown other nations that we cannot be trusted and by our actions we have increased tensions all over the globe.

http://21stcenturywire.com/2011/03/29/wow-that-was-fast-libyan-rebels-have-already-established-new-central-bank-of-libya/

Monday, March 28, 2011

Libya: War for World Government


“It is a test that the international community has to pass. Failure would shake further the faith of the people’s region in the emerging international order and the primacy of international law
.” -Brookings Institute’s “Libya’s Test of the New International Order,” February 2011.

Peaceful protesters become tank commanders and fighter pilots?

Tony Cartalucci, Contributing Writer
Activist Post

While a parade of politicians and pundits cite the “international community,” the UN, and the “Arab street” as giving them the justification to not only wage illegal war on Libya, but to threaten illegal war against Syria as well, it should be remembered that it was neither the UN nor the “international community” that laid the ground work for this campaign.

What started out, supposedly, as spontaneous, simultaneous uprisings across the Middle East, has transformed clearly into an aggressive Western-backed blitzkrieg of destabilization and regime change. This was a plan that was years in the making, talked about in 2007 by then, presidential hopeful, CFR member, and International Crisis Group trustee Wesley Clark.

As hard as our “leadership” tries to act surprised, the current Middle Eastern conflagration has been years in the making.

We now know that the protesters from Tunisia to Egypt had been trained by US created and funded CANVAS of Serbia. We have learned that the US State Department openly admits to providing funding to tech firms to assist protesters across the Middle East and Northern Africa to circumvent cyber-security inside target nations. Perhaps most alarming of all, we now know that the US State Department is also funding corporations like BBC to undermine the governments of China and Iran, revealing the full-scope of their ambitions.

The “international community” that feckless stooges like Joe Lieberman talk about, or his French equal in impotency, Nicolas Sarkozy’s “new post-UNSC 1973 model of world governance” are concepts not born of these “elected representatives,” but rather the product of the corporate think-tanks that hand them their talking points. It is the corporate-financier oligarchy that constitutes the “international community” and who aspires to rule through “world governance.” Their goal is to eliminate national sovereignty and assert their agenda and the laws & regulations to achieve it homogeneously across all national borders.

To see who Lieberman and Sarkozy are channeling, we look to the Brookings Institute report “Libya’s Test of the New International Order” back in February 2011. In it, it talks about the primacy of international law over national sovereignty and considered it being at stake in Libya. Allowing Libya to defy the “international community,” they worried, could ultimately threaten its “resolve and credibility.

Another telling Brookings Institute report, “Bifurcating the Middle East,” mentions rallying “the Arab street” to confront defiant states like Libya, Syria, and Iran, all of which are mentioned by name. Nowhere was oil mentioned, nor the tremendous profits defense contractors would surely reap, and while these are primary motivators to garner support for the regional campaign within the corporate combine, they are by no means the primary motivators for the campaign itself. The final goal is world government, the elimination of borders, and a monopolistic corporate-financier cartel that can systematically eliminate all challenges to its hegemony – in other words, the dream of all oligarchs since the beginning of time.

In Syria, resistance to the Western-backed opposition is a similar direct challenge to the corporate-financier oligarchs. Nations like Syria, Iran, Libya, Burma, Belarus, and many others are demonized and systematically isolated and undermined not because they are a threat to the world, but because their independence and refusal to acquiesce is an obstacle before a corporate-financier ruled world government.

We are given childish explanations that prey on the most ignorant and feeble of minds as to why we are fighting in Libya, and why we are threatening war with Syria and Iran. Nowhere in Lieberman or Sarkozy’s ranting statements is talk of who these rebels are; that they’ve been fighting on and off against Qaddafi for nearly three decades with US help, that their opposition is based in London and the United States, and that they have overt ties to Al-Qaeda, with rebel leaders themselves openly admitting their affiliations to the terrorist group. We are now told that recently returning to Libya to lead the rebels is Khalifa Hifter, who has spent the last 20 years in “suburban Virginia,” and has spent his time in America lending support to anti-Qaddafi groups.

We will protect your privacy…guaranteed!

After fighting a decade in Afghanistan and Iraq at the cost of nearly 6,000 US lives, supposedly to stop the ubiquitous “Al Qaeda,” an organization the US itself created in the mountains of Afghanistan in the 1980’s to fight the Soviets, we have come full circle, with CIA/Al-Qaeda assets fighting side-by-side in Libya, complete with US air support.

Do regular folks forget that Syria was mentioned as part of George Bush’s “Axis of Evil” and that Obama is merely carrying on a continuous agenda that has transcended administrations up to this very day? Considering the agenda revealed by Wesley Clark in 2007, we see how seamlessly “Obama’s war” against Libya fits in. If we are to believe Obama and Bush are ideological opposites, what other explanation can be given as to why this agenda, scorned by the political left under Bush, has now found a new home in Obama’s administration?

Quite clearly politics in America is but a mere illusion. So to is the “War on Terror,” as the US helps Al-Qaeda sweep westward towards Tripoli. It is all empty rhetoric carrying the agenda of global government forward. Despite losing nearly 6,000 of their brothers in arms, the US military carries on, following orders despite the absolute, overt absurdity of their mission. They are literally providing air support now for the men that helped send their buddies back in pine boxes from Iraq. They do this while the media that lied them into a decade of war now celebrates their enemy, these rebels of Benghazi, as heroes of democracy. Again – we come full circle as the Mujaheddin fighting the Soviets were once “heroes” of the West as well.

None of this makes any sense from the political left or right perspective. None of this makes sense from a West verses “Muslim extremist” perspective. The only perspective from which it makes sense, is if a cartel of corporations has been lying to us all along, saying anything and everything to get us to jump through the appropriate hoops. With their plans becoming bolder, perhaps even desperate, they have begun to mix up their narratives to the extent that they are bombing “Al Qaeda” in Pakistan and giving “Al Qaeda” air support in Libya. They are admittedly strafing civilians from the air in Pakistan, but imposing no fly zones on Qaddafi over unverified claims of doing the same.

As the globalists admittedly strafe civilians in Afghanistan and Pakistan, they have lobbied for war with Libya over verified lies of doing the same.

Indeed, this is not a war of America, the UN, NATO, or the European Union. The feckless politicians that pose as our leadership are merely taking orders from the powers that be – the corporate-financier oligarchs. If we are to frustrate these oligarchs, we would be wise to waste little time on their front men and instead get straight to the issue. Boycott these corporations and systematically replace them on a local level. While they wage war to eliminate the nation state, from its borders down to our own individual rights and liberties, we must wage a campaign to undermine and eliminate them, from their crass consumerist networks that infest our towns, to the parasitic monstrosity that is the international banking system which infests this planet.

While they must wage their battle through murder, lies, and deceit, we must wage our battle through constructive pragmatic solutions, ingenuity, hard work, community, and self-sufficiency. This is not a war for Libya – this is a war for world government, that if won by the globalists, means our defeat as well.

http://www.activistpost.com/2011/03/libya-war-for-world-government.html