All Wars Are Bankers' Wars

By Michael Rivero

I know many people have a great deal of difficulty comprehending just how many wars are started for no other purpose than to force private central banks onto nations, so let me share a few examples, so that you understand why the US Government is mired in so many wars against so many foreign nations. There is ample precedent for this. Transcript here

Is The World Abandoning The U.S. Economy?

By Brandon Smith,
Courtesy Of "Alt-Market"

... there is no such thing as an invincible economy, especially if it is predicated on overt debt creation, fiat printing, and reckless foreign policy.  When it comes down to the raw data, the American system is just as fragile as any corrupt third world shanty-town nation.  

The possibility of a U.S. without financial hegemony is very real.  To understand that this possibility exists is one thing; to understand that the process of destabilization has already begun is another.  Many analysts with their heads stuck in the mainstream clouds attempt to argue against the “theory” of foreign markets decoupling from the U.S., not realizing that their entire debate platform is pointless because the decoupling is happening right under their noses…  

The recent press covering the ongoing plan by BRIC nations (or “BRICS” if you count the latest bilateral agreements with South Africa) to establish their own supranational banking hub merely highlights the fact that developing countries are not simply “talking” about decoupling from the United States, they are taking actions to make it happen:

http://www.bloomberg.com/news/2012-10-16/goldman-sachs-s-o-neill-sees-brics-bank-gathering-momentum-1-.html

The response from mainstream financial analysts is, of course, that the project for a BRIC bank will fail.  Their argument, however, usually revolves around the assumption that this new central bank is designed to “compete” with the IMF, and is a merely an overreaction to the IMF and World Bank’s failure to give developing nations more inclusion in decision making processes.  I see no evidence that the BRICS are trying to create a counter-system which would conflict with IMF control.  Instead, it would seem that the BRICS are much more interested in forcing the issue of greater inclusion, and garnering greater favor within the already existing IMF structure:

http://www.reuters.com/article/2012/04/19/imf-idUSL2E8FJ90K20120419 
Last year the G20 discussed heightened participation by China and the BRICS in the IMF’s global basket currency, the SDR.  French Finance Minister and later “elected” IMF chief Christine Lagarde agreed with the idea while stating that certain conditions, including appreciation of the Yuan’s value, would have to take place:

http://www.bbc.co.uk/news/business-12905205

Contrary to the belief that the BRICS are building opposition to the IMF, China has on several occasions called for the EXPANSION of the IMF’s power, as well as widespread circulation of the SDR:

http://www.businessweek.com/news/2011-11-03/chinese-president-hu-calls-for-reform-of-imf-sdr-currency-basket.html 

How have the MSM talking heads missed this trend?  Simply put:  Bias, controlled and pre-written talking points from their editors, as well as many half-baked presumptions.  The popular belief amongst financial academia is that the IMF is a product of American economic might, and that the organization will do whatever is in the best interests of the U.S. at all times.  The reality is that the IMF is fast becoming the central authority of economic operations around the globe, and America just happens to be paying the largest “tithe” to the respective coffers of the banking syndicate.  Do you get more control in the operations of the IRS when you pay more taxes?  

The IMF’s goal is world centralization of economic control.  For them, any sovereign nation is expendable in pursuit of the end game, including the United States.  The IMF would not be pushing the issuance of a new world reserve currency to unseat the dollar if they did not intend to follow through, and they certainly would not hobble the greenback if they cared in the slightest about American economic concerns.     

Rather than running counter to the IMF, BRIC partners and the newly realized ASEAN bloc are making themselves indispensible to the globalists, ensuring wider partnership in the near future.  A BRIC central bank is, I believe, a bargaining chip to be used to open the door to more leadership in the IMF while reducing American influence.  To summarize, the BRICS are not in conflict with the IMF, rather, they are in conflict with the U.S., and this conflict is coming to a climax…

Trade amongst BRIC nations continues to climb while exports to the U.S. have diminished.  Between 2001 and 2009, exports and imports between BRICS skyrocketed, even amidst the derivatives collapse:

http://www.bbc.co.uk/news/business-13046521

Last year, ASEAN overtook Japan as China’s third largest trading partner.  With the announcement of increased participation by Japan in the ASEAN bloc this year, the economic body looks poised to eclipse the U.S. and perhaps even the EU as China’s primary source of export and import business:

http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/1197997/1/.html

Meanwhile, overall exports around the world have dropped for five consecutive months in 2012 on slowing demand in the West.   The expectation of a massive resurgence in consumer demand from the U.S. has been proven unfounded, while the recession in the EU is exacerbating the downturn.  U.S. exporters, who not long ago held dreams of foreign buyers clamoring for goods in the midst of Federal Reserve inflation and dollar devaluation, have discovered that they are instead floundering:

http://www.nytimes.com/2012/10/23/business/global/chinas-slowing-economy-puts-pressure-on-american-exporters.html?pagewanted=all&_r=1&

The mainstream claim is that this is due to a breakdown in general Chinese demand, but with exponential bilateral trade deals (many of which cut out the U.S. dollar completely as a reserve currency) being made between China and major producing and consuming countries, it is clear that this is not just a demand issue in China; it is an ongoing process of removal of the U.S. from the trading picture.  That is to say, China is deliberately reducing purchases of U.S. goods and turning towards BRIC and ASEAN partner countries to fill the void.  This may be the reason why China recently surpassed the U.S. as the top sanctuary for foreign investment:

http://online.wsj.com/article/SB10001424052970203406404578074683825139320.html?mod=asia_home 

A Treasury report on China’s status as a “currency manipulator” already due but now delayed until after the elections may become the catalyst for the final phase of the global shunning of American markets.  With China being presented as a primary issue during the presidential debates, it would seem that regardless of who “wins” the election there will be strain applied to Chinese trade relations.    

China’s incredible gold buying extravaganzas over the past few years (including an estimated 500 tons in 2011 and another 500 tons so far in 2012) indicate that they are indeed hedging against what they obviously expect will be devaluation in the dollar or multiple currencies around the world including the dollar.  India continues its long tradition of gold buying, while Russia is now increasing its reserves by half-a-billion dollars a month.  These are the actions of countries getting ready for a break in the financial system, not a recovery, and certainly not a return to the old days of American consumer bliss.

The argument over whether or not the BRICS and the rest of the world can drop the U.S. economy and move onward has, ultimately, been rendered obsolete.  Many will claim that a decoupling is impossible, but the fact remains that a decoupling is taking place.  The consequences of this fiscal divorce remain to be seen, and the mainstream could very easily predict disaster for the BRICS.  The real question they should be asking themselves, though, is which countries are better placed to survive such an event?  Is the U.S. economy really built to withstand a loss of the dollar as the world reserve currency?  Is the U.S. prepared for plummeting foreign investment and a reduction in its already dismal production capacity (production taking place by Americans on American soil, that is)?  Is the U.S. really ready for extreme inflation in imported goods (most of the goods we consume)?  Who really needs who more?  It is time for the pundits and average Americans alike to set aside their commercialized and subsidized fake patriotism and question how strong our economy truly is.  To ignore vast weakness today, is to feel vast pain tomorrow…

Switzerland: A Banking Paradise Lost

For centuries, Switzerland has been a peaceful haven; its mountains wrapped in majestic mystery and its banking in centuries of secrecy. But for the world's tax cheats, Switzerland is now a paradise lost. Foreign governments are prying open the $2 trillion offshore banking business in the country with tax treaties.

It all started with a former UBS banker who spent two-and-a-half years in prison for helping wealthy Americans avoid paying their taxes. It is a story that would have gone unnoticed had it not been for the fact that the Inland Revenue Service awarded that man $104m for revealing the secrets of the Swiss banking industry. It is believed to be the biggest whistle-blower award ever. And it heralded in a new era - no longer could the Swiss banking industry keep its secrets.

UBS, the Swiss bank at the centre of the whistle-blowing, agreed to pay a $780m fine. But the US is still investigating more Swiss banks. And other nations are now also pursuing the Swiss banks, including the UK, Austria and Germany - all keen on clawing back tax on some of the $2 trillion of wealth that foreign clients have stashed away there.

The deals with the UK, Austria and Germany will allow foreign clients to remain anonymous, but the Swiss banks and government will collect one-off tax on their accounts, averaging 25 per cent, for the foreign governments. In the future, the Swiss will tax foreign accounts' interest and dividends at British, Austrian and German tax rates.

The Austrian and British treaties have already been ratified and will come into effect on January 1. In Germany, however, there is a problem - Socialists do not like the Swiss-German tax treaty and are calling it a gift to rich people.

But how are the Swiss responding to all this? Is their famous neutrality still intact?

Iceland’s Economy Growing Faster Than US & EU After Arresting Corrupt Bankers

Iceland decided not to follow the rest of the world by bailing out the bankers. Instead, they chose to arrest them. Now their economy is recovering faster than the EU and the United States. 

Remember when the United States government told the American people that immediate action was required to save the banks, and save our nation from complete collapse? An action in the form of Billions of dollars of National Debt? Yeah, we remember that! 

Now Trillions of dollars in National debt later, we are in the same position we were in 4 years ago, just more debt. 

As a matter of fact Federal Reserve Chairmen Ben Bernanke has called for yet another stimulus that will add more debt onto the mountain we already have.

At the start of the world wide 2008 economic collapse, Iceland was in worse shape than almost any other country in the world. Now they are one of the fastest growing economies in the world.

Imagine what America would be like today if we bailed out the victims of poor banking practices, while punishing the bankers who were responsible?

Was Iceland off their rocker for sending the bankers to jail, or on to something that America should have done as well?

Via: "American Live Wire"