We are not alone in our analysis of the White House’s spiral of embarrassment, gaffs, lost support, destructive policies, and war mongering over the years (and beyond the Bush regimes).
The decades of White House wrongness has been rolling downhill (crushing opposition), but recently supporters are moving out of the way, no longer willing to risk themselves in supporting White House destructive activities. More ex-government, former White House, and Wall Street officials join alternative media and bloggers pointing to the obvious destruction out of the secret dungeons of DC and the FED.
Will military officials one day counter-command orders from the White House?
Has it already happened and we have not heard about it?
It would not be a surprise.
Consider chicken hawk politicians ordering military officers off to wars protecting bankers’ profits while military families are harmed by the bankers back home.
Regardless, the global crisis continues and the White House, face of leadership, deteriorates from deception and self destruction. ~Ron
(Formerly: U.S. Rep., White House OMB Dir., and Wall Street Investor)
Folks, this war is only three days old and its already a gong show. Its become at least a four-front affair—with Obama’s “broad” coalition amounting to little more than a few stealth Arab nations renting back to Washington the equipment and American trained pilots it had earlier provided them.
After three days the two nation’s with the most at stake and the greatest capability to contain and defeat the Islamic State—-Turkey and Iran—-are still on the sidelines. After three days Obama’s “broad” coalition remains a joke, […]
These five participants [Qatar, Jordan, Bahrain, Saudi Arabia and the UAE?] take the notion of a “coalition of the willing” to a new extreme in Washington orchestrated incredulity. None of them even publicly acknowledged that they participated in the attacks! As the WSJ noted, […].
READ FULL: David Stockman
(Ph.D. Economist, Former: Asst. Sec. White House Treasury, and assoc. ed. Wall Street Journal)
In previous columns, we have documented the heavy short-selling into light trading periods.
See for example: http://www.paulcraigroberts.org/2014/07/16/insider-trading-financial-terrorism-comex/.
The bullion banks do not have nearly enough gold in their possession to make deliveries to the buyers if the buyers decide to stand for delivery per the terms of the paper gold contract. The reason this scheme works is because the majority of the buyers of the contracts are speculators, not gold purchasers, and never demand delivery of the gold. Instead, they settle the contracts in cash. They are looking for short-term trading profits, not for a gold hedge against currency inflation. If a majority of the longs (the purchasers of the contracts) required delivery of the gold, the regulators would not tolerate the extent to which gold is shorted with uncovered contracts.
In our opinion, the manipulation is illegal, because it is insider trading. The bullion banks that short the gold market are clearing members of the Comex/NYMEX/CME. In that role, the bullion banks have access to the computer system used to clear and settle trades, which means that the bullion banks have access to all the trading positions, including those of the hedge funds.
Today there are many economies that have tradable currencies, and accounts can be settled between countries in their own currencies. There is no longer a need for a single reserve currency. As this realization spreads, pressure on the dollar’s value will intensify.
For a period the Federal Reserve can support the dollar’s exchange value by pressuring Japan and the European Central Bank to print their currencies with which to support the dollar with purchases in the foreign exchange market. Other countries, such as Switzerland, will print their own currencies so as not to endanger their exports by a rise in the dollar price of their exports. But eventually the large US trade deficits produced by offshoring the production of goods and services sold into US markets and the collapse of the middle class and tax base caused by jobs offshoring will destroy the value of the US dollar.
When that day arrives, US living standards, already endangered, will plummet. American power will have been destroyed by corporate greed and the Fed’s policy of sacrificing the US economy in order to save four or five mega-banks, whose former executives control the Fed, the US Treasury, and the federal financial regulatory agencies.
READ FULL: paulcraigroberts.org
Click to listen to Paul Craig Roberts: