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ECONOMIC COLLAPSE 2011 – AUGUST UPDATE

Posted by Admin on August 31, 2011

https://sites.google.com/site/universallawpress/economic-collapse-in-2011/economic-collapse-2011—august-update#TOC-ECONOMIC-COLLAPSE-2011—AUGUST-UPD

By Georgi Stankov, Copyright 2011

This economic update is a response to the question from the journalist Alfred Webrefrom the examiner.com and exopolitics.com to me on August 8, 2011:

Question from Alfred Webre to Dr. Georgi Stankov:

Can you identify causes, coordinates, timelines, and outcomes of the coming economic collapse?


Answer from Dr. Georgi Stankov to Alfred Webre on August 9, revised on August 20, 2011

The current financial crisis is part of the Scenario for the End Times in 2012 and was planned eons of time ago by the AnunnakiThey have left earth in March this year. The renegade Anunnaki that build the blue bloodline of the 13 ruling families (Rockefeller, Rothschild, The British Royal family etc.), which currently control this world financially, have severed all bonds with the initial Anunnaki, who were our original genetic engineers, and declined to observe the divine plan for earth and humanity in the End Times. Hence the many delays in the 2012-scenario, which was planned to begin in 2009 or even earlier.

Thus all the necessary events, which will lead to the collapse of the Old World Order, will now take place within several days or weeks. This is the background information, which one should consider in order to understand the present forecast. Within this framework, I will discuss the actual causes for the financial collapse, which are currently known to the broad public as random events from the mass media, but are not analysed in the context of Ascension. This concept is only known to few light workers, and even among them there is a huge confusion as to what will really happen and how it will happen in the course of this and next year.

The single major cause for the current financial collapse, which has commenced at the beginning of this month (August), is the World inflation. It was deliberately instigated by the Anunnaki and their minions in the financial sector and in all Western governments. Most CEOs and managers are willful, greedy puppets of these alien masterminds, who have long-term plans for the End Times of this planet, which they consider to be their own. I have discussed the Anunnaki’s heinous methods of money inflation in my three essays on the Orion monetary system.

The world inflation, the money supply in circulation worldwide, was about 200 times bigger than the actual industrial production measured as GDP in October 2008 when the current depression began. We are still in the same crisis, which will end with the total destruction of the old economic order this year. As this will happen within the next 90 days, there is no point in giving exact dates, because this will be irrelevant. It is sufficient to point out that the old financial structures will be wrapped up by 11.11.11 (November 11, 2011), when the last, but one star portal will be opened and the ascending timeline of earth and humanity will enter irrevocably the 5th dimension.

The current world inflation is inflation created out of debt. You have the debt of the banks, with which they intended to control the world economy, as they actually did until 2008. The problem of debt is that you can play the game as long as debt is accepted by the other players. As soon as mistrust and fear grip around, the process is reversed. This has happened on many occasions in the past – hence the numerous crises every 3 to 5 years.

The current debt inflation was delegated from the banks to the governments in form of fiscal debt, caused by the huge bailouts of the defaulted banks in 2008 and 2009. This debt was then burdened onto the tax payers, the citizens, in form of austerity programmes. This is the basic mechanism, with which the renegade Anunnaki planned to impoverish the human population and enslave it in the End Times.

But every process on earth and in All-That-is is of dialectical nature. You can stretch the rubber as long as you can in the direction of darkness, but then you have to let it go, and it whiplashes equally further in the opposite direction of light, which is Ascension. Exactly this mechanism, based on the elasticity of All-That-Is (for further information see “Cosmic Laws of Creation and Destruction“) was used by the Forces of Light and by the incarnated human souls from the Higher Realms to overcome the huge resistance of the dark ones in the financial sector and in government in the last several years.

For this reason, the Forces of Light mitigated the financial crisis in 2008 in order to prevent the plan of the 13 ruling families to ruin the Western countries and establish the New World Order. Humanity stayed in the Old Order, which will be wrapped up in the coming 90 days under the conditions of the Forces of Light. This would say that the human dark ones in finance and governance, which have now become orphans after the Anunnaki have left earth, will have to surrender unconditionally to the Forces of Light.

Their only condition will be love, compassion, and forgiveness. This would say that the dark ones, who still believe in controlling mankind and earth, must simply open to this inevitable truth. This will happen with or without their consent, as the huge high frequency waves from the central sun of the galaxy are flooding earth and opening the human hearts (the 4th chakra) for the Christ energies of unconditional love. The only unknown variable is the degree of readiness of each individual to open for these energies and accept unconditional love, transparency, and full rejection of all kinds of manipulation as the only spiritual principles of human behaviour.

This total psycho-mental transformation of all incarnated human entities on earth must be based on the deep spiritual insight that all human beings are part of the Source (All-That-Is) and that the idea of Separation, leading to wars, oppression and endless atrocities against other human beings in the past, is the greatest illusion, to which any sentient entity in this universe can succumb.

Now, I hope that you understand the dynamics and the logic behind the coming events. One should always explore the events on earth from both, the spiritual and concrete point of view. This is the dialectics of any expanded human awareness that enables it to transcend the illusionary duality of 3-space-time on earth.

Now let us go back to the present economic situation. The financial system is broke since 2008 and is on life-sustaining fraud since then. This fraud is termed in financial slang. as “creative accounting”. It means that all broke big banks were allowed by their governments to take all their toxic assets and losses out of their balance sheets. Otherwise, they would have defaulted in October 2008 or several weeks later.

None of the money in circulation currently are real money. The equity charts were kept artificially high by fictive transactions since 2009 through 2011. Specialists have found out that since 2008 90% of all orders on the New Yorker stock exchange are faked and were electronically traded by the biggest Wall Street banks in a coordinated fashion.

They manipulate the charts by short and long orders through computerized programmes as to keep the equity markets artificially stable. Everything is manipulated.  All real private investors have left the equity markets long time ago. There is no free financial market anymore, and it has never been there in the first place. But since the beginning of August, they can no longer manipulate the equity markets, and they have begun to crash. This is the actual situation, and that is why the brokers are so nervous. One has to watch CNBC or Bloomberg to notice immediately the sheer panic of the traders and the journalists in their lifeless eyes.

The bosses of all the big banks behave in the last days like “paralyzed rabbits in front of a cobra”, to quote a German saying.

However, the Forces of Light have chosen the least explosive scenario for the End Times. They have decided to let the system crash when the cosmic energies that flood earth have reached the necessary light quotient that will simply disable the dark ones in the financial sector to control the world events, as this has been the case in the past.

In addition, the coming astral energies of rebellion and upheaval ignite the masses worldwide, and they no longer trust their former masters, be they politicians or financial bosses. The current anti-corruption movement in India that came out of nowhere and swept across this huge country of one billion people caught the Indian government by a total surprise. Its embarrassing retreats in front of a single man in a hunger strike, whom they initially imprisoned in the old oppressive manner. are paradigmatic for the confusion that has gripped the political Elite worldwide and will soon destroy the fragile political and economic order.

If one follows the political development in Europe for example, there is currently the march of indignation which started in Spain and is now engulfing the whole EU.

All EU-countries, except Germany, are practically broke. If the small Greece could derail the Euro currency, how about Spain, Italy, Portugal, Ireland, Italy, and even France put together. All the big banks in these countries are also bankrupt, because they are highly leveraged and sit on huge toxic loans, which they will never get payed back.

This explains the EU-saving package for Greece and the other “pigs” countries – it is a saving belt for the French and German banks. Only Deutsche Bank has 50 billion Euro toxic Greek loans in its books, which Greece will never pay back. This is twice the basic capital of this bank and higher than its capitalisation at the Frankfurter stock exchange. But this bank has much more toxic loans from Ireland, Spain, and Italy in its books.

The actual crash exacerbated when it became known that the Deutsche Bank sold all its Italian treasure bonds because it assumed that Italy would go bankrupt very soon. The same holds true for the big French banks, SocGen and Credit Lyonnais. The big Spanish banks are already broke and some of the big Italian banks as Unicredit have been effectively bankrupt since 2008. The English banks HSBC and Royal Bank of Scotland have actually defaulted in 2008 and are since than de facto state banks, just as the two big Irish banks that caused the current political and economic crisis in this country. And so on.

It always takes 3 to 5 years before a real bankruptcy of a large company is officially declared, as was the case with the Enron scandal. This time-lag between actual default and its official announcement has been defined by myself as “Stankov’s law of financial default”.  It works fabulously in the current situation.

The financial situation in Great Britain is even worse than that on the Continent. The British debt is similar to that of Greece, Portugal, and Italy in terms of GDP, which is more than 100%, Even Germany that ranks strong among all other Western countries has a national debt of 80% of its GDP since its unification with East Germany.

Now Europe and Great Britain (EU) are still in a much better financial and economic shape than the USA, only one talks much more about these countries as to divert the attention of the masses from the disastrous situation in the USA. Even the politically correct Claude Trichet, the chairman of the ECB, had to admit this fact recently under huge pressure from the mass media. The international banksters have already begun to throw stones at each other.

I will not discuss the situation in the USA in detail, as you know it better than myself. I will only add to this that the overall debt of the USA is not the 14,5 trillion fiscal debt, which drew the attention of the mass media in the last several weeks because of the fiscal debt ceiling fiasco of the political Elite at the Capitol, but actually 200 trillion, and thus 13 times bigger than  the GDP of the USA. This is generally acknowledged by all competent experts, even when they prefer to be silent on this issue in front of a camera.

All the federal states and local municipalities in the USA are currently broke, while the real unemployment in this country is 20% and higher – similar to that of Spain, which is the worst hit country by the crisis in Europe.

Now, given this disastrous situation, the question is not if the system will collapse, but why it has not collapse much earlier. This is so, because the Forces of Light kept it on life-sustaining measures for some time,  by allowing the dark ones in the financial sector to continue with their global fraud for a while and thus drain the system to the last drop of its fresh blood, respectively money.

As I have already written to you, there is an invariant seasonal pattern how a major world crisis unfolds on this planet. You can trace this pattern for WW1, WW2, and for the Fall of the Iron Curtain in 1989.

Major global events that change the destiny of mankind always tend to show themselves after spring equinox by numerous symbolic signs, which can only be discerned by far-sighted people at the beginning. Then the signs begin to grow throughout the spring. The first visible manifestations of the coming change take place at the beginning of August and gain momentum throughout September. When this threshold is reached, the dam is broken and the flood inundates the society within days and hours. This will be the timely dynamics behind the coming events that will lead to total economic collapse of the old order and to ET Disclosure and First Contact in the fall of this year.

The financial crisis was announced in early spring when the Greek default became inevitable and the Euro crisis commenced. It reached a preliminary peak in July with the fiscal debt ceiling crisis of the political Elite in the USA and the possible default of this country. Although this crisis was averted in the last minute, this was a Pyrrhic victory as the US-rating was degraded at the same time.

This was the official start of the global financial collapse, which now reached the equity markets at the beginning of August, when all  indices lost 1000-1500 points within 5 days, which is, per definition, already a financial crash. This trend will continue throughout August. Currently, the DAX Index of the most stable economy in the Western world, Germany, has fallen more than 20% – from 7400 points at the end of July to less than 5500 on August 19. This is the worst performance since October 2009.

The more wealth is wiped out at the stock exchange, the more nervous the people will become, and the deeper the crisis. Currently, the total losses on all stock exchanges worldwide are estimated to be in the order of 7 to 10 trillion. But the psychological loss is much more dangerous, because it is contagious. As soon as the banksters realize that they can no longer manipulate the indices, they will crumble within several days, and the rats will begin to leave the sinking ship: This insight is bound to enter the blurred consciousness of the international banksters at the latest by the end of August

Wealth, created out of debt, melts immediately when the people begin to demand the return of the lent money, and it becomes evident to everybody, participating in this fraudulent game, that there is no money left, but only debt. This is how the crisis will explode in the fall. At the very moment, when all participants in the current Ponzi-Scheme realize that they have only debt in their hands, while all real money is gone, the crash will be a done deal.

The world economy is like an addict, who has lived on higher and higher dosages of opiates because their pharmacological effect diminishes as the number of opioid receptors grows in the body. In this case the patient needs higher and higher dosages to achieve the same anaesthetic effect.

When there is a drug withdrawal, the patient experiences an acute withdrawal syndrome and may not survive it, as all vital systems are out of control and run amok. You can use this comparison to describe the current financial situation that will explode in the fall. The economy is already in a financial withdrawal syndrome and can fall in coma anytime soon.

Some seers expect that the banks will close their doors in August. I expect this event in late September or in early October, but I will not be at all surprised, if this crash happens earlier. One should not give any fixed dates in this respect, but it is wise to expect the total collapse of the system in the fall of this year.

After the shock, the whole economy will be paralysed for a while. This is the just psychological moment for ET-Disclosure and First Contact and changing the course of the events on this planet.

There are essentially two scenarios for the End Times: Either the Galactic Federation will show up first and then some Ascended Masters in a physical vessel will officially transform their bodies and appear as such in front of humanity, or it will be the other way round. I am in support of the second alternative. However, this should not influence our prognosis on the coming financial collapse, as one of the two alternatives will definitely take place no later than the opening of thestar portal 11.11.11. This is the pivotal date for all major events that are bound to happen this year.

Ultimately, the divine plan for this planet and humanity is to destroy all material structures of the old economic order of the Orion Empire, before a new provisional order can be established prior to Ascension. There are two pivotal dates, which one should always bear in mind – 11.11.11 and 12.12.12. By November 11, 2011, the old economic order must be abolished for ever and human beings deprived of most distractions in the outer world that hinder them on their way to Ascension.

Human ego hinders Ascension and must surrender to the soul. It can only be neutralized when the carpet is pulled away from under its feet. There is no other way on earth to effectively eliminate the collective and individual ego that shapes the dark destiny of humanity, but to take away any possibility from it to exert its illusionary free will in the outer material world.

After that mankind will fall in its greatest collective depression in the history of this planet. This mental and emotional state is energetically extremely favourable for radical changes that will open the mediality of the incarnated entities to the Higher Self, respectively to the soul. This will be accomplished by the end of 2011.

Many revelations will have to take place in this time, carried out by the human Ascended Masters from the first wave and later on by the Galactic Federation,which will have disclosed by then.

The year 2012 will be dedicated to the preparation for ascension, and it should not be that much chaotic and full of scary events, as this year will inevitably be. Therefore, I do not expect huge natural catastrophes for this time, but there will be some local disasters as in the past.

This is all for the moment.

Further Links

ExoPrediction: “Sharp economic decline”; Solution: Commit to unity consciousness
http://www.examiner.com/exopolitics-in-seattle/exoprediction-sharp-economic-decline-solution-commit-to-unity-consciousness

Posted in Annunaki Overlords, Anomalic Interferences, Conspiracy Archives, Earth Changes, Economic Upheavals, Exopolitical Interventions, Geo-Politics, Global Research, India Forgotten, The Esoteric Agenda of Humanity, Truthout Articles | Tagged: , , , , , , , , , , , | Leave a Comment »

The Ideological Crisis of Western Capitalism

Posted by Admin on July 10, 2011

http://www.truth-out.org/ideological-crisis-western-capitalism/1310127895

 

(Photo: emperley3)

Just a few years ago, a powerful ideology – the belief in free and unfettered markets – brought the world to the brink of ruin. Even in its hey-day, from the early 1980’s until 2007, American-style deregulated capitalism brought greater material well-being only to the very richest in the richest country of the world. Indeed, over the course of this ideology’s 30-year ascendance, most Americans saw their incomes decline or stagnate year after year.

Moreover, output growth in the United States was not economically sustainable. With so much of US national income going to so few, growth could continue only through consumption financed by a mounting pile of debt.

I was among those who hoped that, somehow, the financial crisis would teach Americans (and others) a lesson about the need for greater equality, stronger regulation, and a better balance between the market and government. Alas, that has not been the case. On the contrary, a resurgence of right-wing economics, driven, as always, by ideology and special interests, once again threatens the global economy – or at least the economies of Europe and America, where these ideas continue to flourish.

In the US, this right-wing resurgence, whose adherents evidently seek to repeal the basic laws of math and economics, is threatening to force a default on the national debt. If Congress mandates expenditures that exceed revenues, there will be a deficit, and that deficit has to be financed. Rather than carefully balancing the benefits of each government expenditure program with the costs of raising taxes to finance those benefits, the right seeks to use a sledgehammer – not allowing the national debt to increase forces expenditures to be limited to taxes.

This leaves open the question of which expenditures get priority – and if expenditures to pay interest on the national debt do not, a default is inevitable. Moreover, to cut back expenditures now, in the midst of an ongoing crisis brought on by free-market ideology, would inevitably simply prolong the downturn.

A decade ago, in the midst of an economic boom, the US faced a surplus so large that it threatened to eliminate the national debt. Unaffordable tax cuts and wars, a major recession, and soaring health-care costs – fueled in part by the commitment of George W. Bush’s administration to giving drug companies free rein in setting prices, even with government money at stake – quickly transformed a huge surplus into record peacetime deficits.

The remedies to the US deficit follow immediately from this diagnosis: put America back to work by stimulating the economy; end the mindless wars; rein in military and drug costs; and raise taxes, at least on the very rich. But the right will have none of this, and instead is pushing for even more tax cuts for corporations and the wealthy, together with expenditure cuts in investments and social protection that put the future of the US economy in peril and that shred what remains of the social contract. Meanwhile, the US financial sector has been lobbying hard to free itself of regulations, so that it can return to its previous, disastrously carefree, ways.

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But matters are little better in Europe. As Greece and others face crises, the medicine du jour is simply timeworn austerity packages and privatization, which will merely leave the countries that embrace them poorer and more vulnerable. This medicine failed in East Asia, Latin America, and elsewhere, and it will fail in Europe this time around, too. Indeed, it has already failed in Ireland, Latvia, and Greece.

There is an alternative: an economic-growth strategy supported by the European Union and the International Monetary Fund. Growth would restore confidence that Greece could repay its debts, causing interest rates to fall and leaving more fiscal room for further growth-enhancing investments. Growth itself increases tax revenues and reduces the need for social expenditures, such as unemployment benefits. And the confidence that this engenders leads to still further growth.

Regrettably, the financial markets and right-wing economists have gotten the problem exactly backwards: they believe that austerity produces confidence, and that confidence will produce growth. But austerity undermines growth, worsening the government’s fiscal position, or at least yielding less improvement than austerity’s advocates promise. On both counts, confidence is undermined, and a downward spiral is set in motion.

Do we really need another costly experiment with ideas that have failed repeatedly? We shouldn’t, but increasingly it appears that we will have to endure another one nonetheless. A failure of either Europe or the US to return to robust growth would be bad for the global economy. A failure in both would be disastrous – even if the major emerging-market countries have attained self-sustaining growth. Unfortunately, unless wiser heads prevail, that is the way the world is heading.

For a podcast of this commentary in English, please use thislink.

Copyright: Project Syndicate, 2011.

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JOSEPH E. STIGLITZ

Joseph E. Stiglitz is University Professor at Columbia University, a Nobel laureate in Economics, and the author of Freefall: Free Markets and the Sinking of the Global Economy.

Posted in Truthout Articles | Tagged: , , , , , , , , , , , , | Leave a Comment »

Regime Change at the IMF: The Frame-Up of Dominique Strauss-Kahn?

Posted by Admin on May 24, 2011

by Prof. Michel Chossudovsky

Global Research, May 19, 2011

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The arrest of IMF Managing Director Dominique Strauss-Kahn has all the appearances of a frame-up ordered by powerful members of the financial establishment, in liaison with France’s Nicolas Sarkozy, whose presidency has served the interests of the US at the expense of those of France and the European Union. While there is for the moment no proof of a plot, the unusual circumstances of his arrest and imprisonment require careful examination.

Immediately following Strauss Kahn’s arrest, pressures were exerted by Washington to speed up his replacement as Managing Director of the IMF preferably by a non-European, an American or a handpicked candidate from an “emerging market economy” or a developing country.

Since the founding of the Bretton Woods institutions in 1945, the World Bank has been headed by an American whereas the IMF has been under the helm of a (Western) European.

Strauss-Kahn is a member of elite groups who meet behind closed doors. He belongs to the Bildeberger. Categorized as one of the world’s most influential persons, he is an academic and politician rather than a banker. In contrast to his predecessors at the IMF, he has no direct affiliation to a banking or financial institution.

But at the same time he is the fall guy. His “gaffe” was to confront the Washington-Wall Street Consensus and push for reforms within the IMF, which challenged America’s overriding role within the organization.

The demise of Strauss-Kahn potentially serves to strengthen the hegemony of the US and its control over the IMF at the expense of what former Defense Secretary Donald Rumsfeld called “Old Europe”.

Blocking Strauss-Kahn, the Presidential Candidate

In recent years, a major shift has occurred in Europe’s political landscape. Pro-American governments have been elected in both France and Germany. Social Democracy has been weakened.

Franco-American relations have been redefined, with Washington playing a significant role in grooming a new generation of European politicians.

The presidency of Nicolas Sarkozy has, in many regards, become a de facto US “client regime”, broadly supportive of US corporate interests in the EU and closely aligned with US foreign policy.

There are two overlapping and interrelated issues in the DSK frame-up hypothesis.

The first pertains to regime change at the IMF, the second to Strauss-Kahn as a candidate in France’s forthcoming presidential elections.

Both these processes are tied into the clash between competing US and European economic interests including control over the euro-currency system.

Strauss-Khan as a favorite of the Socialist Party, would have won the presidential elections leading to the demise of “Our Man in Paris” Nicolas Sarkozy. As documented by Thierry Meyssan, the CIA played a central undercover role in destabilizing the Gaullist party and supporting the election of Nicolas Sarkozy (See Operation Sarkozy: How the CIA placed one of its agents at the presidency of the French Republic, Reseau Voltaire, September 4, 2008)

A Strauss-Kahn presidency and a “Socialist” government would have been a serious setback for Washington, contributing to a major shift in Franco-American relations.

It would have contributed to weakening Washington’s role on the European political chessboard, leading to a shift in the balance of power between America and “Old Europe” (namely the Franco-German alliance).

It would have had repercussions on the internal structure of the Atlantic Alliance and the hegemonic role of the US within NATO.

The Eurozone monetary system as well as Wall Street’s resolve to exert a decisive influence on the European monetary architecture are also at stake.

The Frame-Up?

Fifty-seven percent of France’s population, according to a May 17 poll, believe that Strauss-Kahn was framed, victim of a set-up. He was detained on alleged sexual assault and rape charges based on scanty evidence. He was detained based on a complaint filed by the Sofitel hotel where he was staying, on behalf of the alleged victim, an unnamed hotel chamber-maid:

The 32-year-old maid told authorities that she entered his suite early Saturday afternoon and he attacked her, New York Police Department spokesman Paul J. Browne. She said she had been told to clean the spacious $3,000-a-night suite, which she thought was empty.

According to an account the woman provided to police, Strauss-Kahn emerged from the bathroom naked, chased her down a hallway and pulled her into a bedroom, where he began to sexually assault her. She said she fought him off, then he dragged her into the bathroom, where he forced her to perform oral sex on him and tried to remove her underwear. The woman was able to break free again and escaped the room and told hotel staff what had happened, authorities said. They called police.

http://www.chron.com/disp/story.mpl/business/7565485.html#ixzz1MfFWFlnY

Wednesday CFR.org Roundup: U.S. pressures Strauss-Kahn to resign

Challenging the Washington Consensus

What is at stake in the immediate wake of Strauss Kahn’s demise is “regime change” at the IMF.

The Obama administration has demanded his replacement by a more compliant individual. U.S. Treasury Secretary Timothy Geithner, former CEO of the New York Federal Reserve Bank is pushing for the replacement of Dominique Strauss-Kahn, “suggesting he can no longer perform his duties” as IMF Managing director.

“Geithner called for greater formal recognition by the IMF board that John Lipsky, the fund’s second-in-command, will continue serving as temporary managing director for an interim period. Although Strauss-Kahn has yet to resign, sources say the IMF is in touch with his legal counsel to discuss his future at the organization.”

What lies behind the frame-up scenario? What powerful interests are involved? Geithner had a close personal relationship with Strauss-Kahn.

On the floor of the US Senate (May 18), Senator Mark Kirk of Illinois, called for the resignation of DSK while calling upon the IMF’s deputy managing director John Lipsky to “assume full responsibility of the IMF” as interim managing director. The process of “permanent replacement should “commence at once,” he said. John Lipsky is a well connected Wall Street banker, a former Vice Chairman at JPMorgan Investment Bank.

While the IMF is in theory an intergovernmental organization, it has historically been controlled by Wall Street and the US Treasury. The IMF’s “bitter economic medicine”, the so-called Structural Adjustment Program (SAP), imposed on countless developing countries, essentially serves the interests of creditor banks and multinational corporations.

The IMF is not the main architect of these devastating economic reforms which have served to impoverish millions of people, while creating a “favorable environment” for foreign investors in Third World  low wage economies.

The creditor banks call the shots. The IMF is a bureaucratic entity. Its role is to implement and enforce those economic policies on behalf of dominant economic interests.

Strauss Kahn’s proposed reforms while providing a “human face” to the IMF did not constitute a shift in direction. They were formulated within the realm of neoliberalism. They modified but they did not undermine the central role of IMF “economic medicine”. The socially devastating impacts of IMF “shock treatment” under Strauss-Kahn’s leadership have largely prevailed.

Dominique Strauss Kahn arrived at the helm of the IMF in November 2007, less than a year prior to September-October 2008 financial meltdown on Wall Street. The structural adjustment program (SAP) was not modified. Under DSK, IMF “shock treatment” which historically had been limited to developing countries was  imposed on Greece, Ireland and Portugal.

Under the helm of DSK as Managing Director, the IMF demanded that developing countries remove food and fuel subsidies at a time of rising commodity prices on the New York and Chicago Mercantile exchanges.

The hikes in food and fuel prices, which preceded the September-October 2008 Wall Street crash, were in large part the result of market manipulation. Grain prices were boosted artificially by large scale speculative operations. Instead of taming the speculators and containing the rise in food and fuel prices, the IMF’s role was to ensure that the governments of indebted developing countries would not in any way interfere in the “free market”, by preventing these prices from going up.

These hikes in food prices, which are the result of outright manipulation (rather than scarcity) have served to impoverish people Worldwide. The surge in food prices constitutes a new phase of the process of global impoverishment.

DSK was complicit in this process of market manipulation. The removal of food and fuel subsidies in Tunisia and Egypt had been demanded by the IMF. Food and fuel prices skyrocketed, people were impoverished, paving the way towards the January 2011 social protest movement:

Fiscal prudence remains an overarching priority for the [Tunisian] authorities, who also see the need for maintaining a supportive fiscal policy in 2010 in the current international environment. Efforts in the last decade to bring down the public debt ratio significantly should not be jeopardized by a too lax fiscal policy. The authorities are committed to firmly control current expenditure, including subsidies,… (IMF Tunisia: 2010 Article IV Consultation – Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Tunisia)

“[The IMF] encouraged the [Egyptian] authorities to press further with food and fuel subsidy reforms, and welcomed their intention to improve the efficiency and targeting of food subsidy programs. [meaning the selective elimination of food subsidies].

“Consideration should be given to introducing automatic adjustment mechanisms for domestic fuel prices to minimize distortions [meaning dramatic increases in fuel prices without State interference], while strengthening cash-based social programs to protect vulnerable groups. (IMF Executive Board Concludes 2008 Article IV Consultation with the Arab Republic of Egypt Public Information Notice, PIN  No. 09/04, January 15, 2009)

Under the helm of DSK, the IMF also imposed sweeping austerity measures on Egypt in 2008, while supporting Hosni Mubarak’s “efforts to broaden the privatization program”.(Ibid)

The Frank G. Wisner Nicolas Sarkozy Connection 

Strauss-Kahn was refused bail by Judge Melissa Jackson, an appointee and protégé of Michael Bloomberg, who in addition to his role as Mayor is a powerful figure on Wall Street.

Manhattan District Attorney Cyrus Vance Jr. charged (using scanty evidence) Strauss-Kahn “with seven crimes, including attempted rape, sexual abuse, forcible touching and unlawful imprisonment”.

Who is Cyrus Vance Jr.?

He is the son of the late Cyrus Vance who served as Secretary of State in the Carter administration.

But there is more than meets the eye. Nicolas Sarkozy’s step father Frank G. Wisner II, a prominent CIA official who married his step mother Christine de Ganay in 1977 served as Deputy Executive Secretary of State under the helm of Cyrus Vance Senior, father of District Attorney Cyrus Vance Junior.

Is it relevant?

The Vance and Wisner families had close personal ties. In turn Nicolas Sarkozy had close family ties with his step father Frank Wisner (and his half brothers and sisters in the US and one member of the Wisner family was involved in Sarkozy’s election campaign).

It is also worth noting that Frank G. Wisner II was the son of one of America’s most notorious spies, the late Frank Gardiner Wisner (1909- 1965), the mastermind behind the CIA sponsored coup which toppled the government of Mohammed Mossadegh in Iran in 1953. Wisner Jr. is also trustee of the Rockefeller Brothers Trust.

While these various personal ties do not prove that Strauss-Kahn was the object of a set-up, the matter of Sarkozy’s ties to the CIA via his step father, not to mention the ties of Frank G. Wisner II to the Cyrus Vance family are certainly worth investigating. Frank G, Wisner also played a key role as Obama’s special intelligence envoy to Egypt at the height of the January 2011 protest movement.

Did the CIA play a role?

Was Strauss-Kahn framed by people in his immediate political entourage including President Obama and Secretary of the Treasury Tim Geithner?

District Attorney Cyrus Vance Junior, son of the late Cyrus Vance, Secretary of State in the Carter administration

Sarkozy’s Step Father Frank G Wisner II, Deputy Executive Secretary of State (1976-79)
under Cyrus Vance Senior during the Carter administration

In this courtroom drawing, Dominique Strauss-Khan, centre, stands next to his lawyer Benjamin Brafman, in front of Criminal Court Judge Melissa Jackson during his arraignment at the Manhattan Criminal Court for the alleged attack on a maid at his penthouse suite of a hotel in New York. Photo: AP

In this courtroom drawing, Dominique Strauss-Khan, next to his lawyer 

Benjamin Brafman, in front of Criminal Court Judge Melissa Jackson during his arraignment at the Manhattan Criminal Court (AP)

File:Strauss-Kahn, Geithner (IMF 2009).jpg

DSK and Timothy Geithner

DSK and Timothy Geithner


Fair Trial?

Innocent before proven guilty? The US media has already cast its verdict. Will the court procedures be manipulated?

One would expect that Strauss-Kahn be granted a fair trial, namely the same treatment as that granted to thousands of arrests on alleged sexual aggression charges in New York City.

How many similar or comparable alleged sexual aggressions occur on a monthly basis in New York City?  What is the underlying pattern? How many of these are reported to the police?  How many are the object of police follow-up once a complaint has been filed?

What is the percent of complaints submitted to police which are the object of police arrest? How many of these arrests lead to a judicial procedure? What are the delays in court procedures?

How many of these arrests lead to release without a judicial procedure?

How many of the cases submitted to a judicial procedure are dismissed by the presiding judge?

How many of the cases which are not dismissed are refused bail outright by the presiding judge? What is the basis for refusing bail?

How many are granted bail?  What is the average amount of bail?

How many are imprisoned without bail based on scanty and incomplete evidence?

How many of those who are refused bail are sent to an infamous maximum security prison on Rikers Island on the orders of  Michael Bloomberg.

Diplomatic Immunity

Press reports state that full diplomatic immunity does not apply to officials of the United Nations and the Bretton Woods institutions, namely that the US did not ratify the protocol.

“U.N. convention on privileges and immunities for international agencies that most countries have ratified. It gives the heads of U.N. agencies broad immunity in the countries where they are based. But the U.S. government never became a party to that treaty. Employees of international agencies are covered by a U.S. statute that gives only limited immunity.”

The relevant question is how has this limited immunity provision been applied in practice?  Namely how many people with limited immunity (UN officials, officials of the Bretton Woods institutions) have been arrested and sent to a high security prison?

Has Strauss Kahn been given the same treatment as those arrested under the provisions of “limited immunity”?

Does the Strauss Kahn arrest fit the pattern? Or is Strauss Kahn being treated in a way which does not correspond to the normal (average) pattern of police and judicial procedures applied in the numerous cases of persons arrested on alleged sexual assault charges?

Without a frame-up instrumented by very powerful people acting in the background, the head of the IMF would have been treated in an entirely different way. The mayor of New York Michael Bloomberg and Timothy Geithner would have come to his rescue.  The matter would have been hushed up with a view to protecting the reputation of a powerful public figure. But that did not happen.


Rikers Island Prison where DSK was imprisoned.

Posted in Economic Upheavals, Global Research | Tagged: , , , , , , , , , , | Leave a Comment »

Intel Product for Policymakers

Posted by Admin on October 11, 2010

Godfather of Exopolitics

Godfather of Exopolitics

UFO/ET Intel Product for Policymakers
By Ed Komarek
2/22/10
Copy and Distribute Freely
My blog: http://exopolitics.blogspot.com/

I can see that my blog is evolving into a intelligence product for global UFO/ET policy makers as I receive more and more attention from policy makers and global UFO/ET underground groups. It’s true that I must use material gleaned from public sources. This makes the accuracy of the information not as good as information furnished to policy makers with special access, but there are benefits to be derived from a second honest transparent opinion.

At least this intelligence product is honest, and I think that counts for something. I believe products such as mine can be used by global policymakers as a kind of spin trap for official agencies and think tanks. Most agencies have their own individual agendas and may manipulate policymakers through selective and misleading releases of UFO/ET information. It’s not just us at the grass roots that have a credibility problem with official or unofficial briefings on extraterrestrial realities.

Now that I am in contact with enough underground groups around the globe, I think that I can work with these groups to coordinate a summary intelligence briefing for policy makers from public sources and from the expertise provided to me by these underground groups. As this concept evolves I think more groups will come on board and maybe some kind of open transparent organization or institution could be developed to assist global policy makers in their efforts to focus on UFO/ET related issues of major and minor importance.

I think the four major UFO/ET issues are: The overpopulation driven ELE (Extinction Level Event), UFO/ET disclosure and how to pay for it, International Security Issues related to trade with extraterrestrial races, and Consciousness issues. Some of the secondary issues are: Issues dealing with the secret space fleet’s atomic reactors and Solar Warden’s general effect on global security, Highly explosive issues dealing with Human Abductee Trafficking by covert groups, Regulating conflicts between Overt Regulatory Agencies and covert groups, Very Explosive Legal Issues dealing with questionable patents and patent infringement amongst corporations, Abuses related to maintaining a 70 year UFO/ET cover-up, The need for open transparent democratic global government to best address integration into UFO/ET realities, Issues related to extraterrestrial influence on global religions, Issues of corruption and criminal activities in covert operations, Avoiding global National Security Meltdowns, General societal restructuring to deal with UFO/ET issues, Conversion to cheap clean exotic energy sources, conversion to aerial anti-gravity transportation, issues dealing with lifetime extension, etc, etc.

As I begin to define these issues I see why extraterrestrial integration and disclosure has become a policy makers nightmare, and why second tier policy makers recently briefed, appear as deer in a tunnel, staring into the headlights of a oncoming train. There has got to be a great amount of hand wringing and denial in legitimate legislative bodies around the world and at the UN over how to confront all these highly explosive issues simultaneously being dumped into their laps by top tier policy makers. Only one brave public official is publicly speaking out on the subject and that is Councillor Hicks. http://www.youtube.com/watch?v=OmD_3Be41iA

As can be imagined all four of these major issues and the numerous secondary issues are intimately intertwined in a complex exopolitical web of relationships amongst ourselves and the various extraterrestrial races. Our short lifespans in relation to many ET races may be an obstacle to our collective evolution, but there are some benefits to having short lifespans, one being our ability to adapt quickly, once we become aware of both threats and opportunities posed by integration into ET reality. In fact it was the Conformers who commented to Source A that one of the most interesting things about our race was our almost unprecedented evolution the past couple hundred years.
http://exopolitics.blogspot.com/2009/03/naval-officer-source.html

Clay and Shawn comment, “It is important to define “unprecedented evolution.” As we understand it from our source this would mean “unprecedented technological evolution” with regards to the human specie. Never have the Conformers seen such technological progress from a specie so quickly. Now we don’t know if this means just this planet or other planets with other species?”

Of the four major issues, I think AFhttp://exopolitics.blogspot.com/2010/03/british-mod-intel-ufoet-disclosures-by.html addressed the ELE issue quite well, as have Clay and Shawn Pickering in their posts to OM. In previous articles I have been talking about the security issues related to ET trade as well as disclosure issues. As for the forth major issue of higher consciousness, many years ago I addressed this issue which I may need to summarize in yet another article for policy makers. In my opinion this issue of vertical integration into higher consciousness is the most important issue relating to the future of the human race. Lateral integration into UFO/ET reality is not sufficient to bring about a bright future for humanity as is hinted at in the above comment by Clay and Shawn.

In the above article, AF also hit upon a very important secondary issue that seems to be playing itself out that relates to legal regulatory agencies colliding with covert operations. In this case it seems to be the UN’s IAEAhttp://en.wikipedia.org/wiki/International_Atomic_Energy_Agencycolliding with OSW (Office of Solar Warden) over atomic reactors in spacecraft. This has got to be just the tip of the iceberg as to what can happen in other areas like the issue of human trafficking of abductees by the NSA and other agencies in the American Government.

When UN and national agencies involved in human traffickinghttp://en.wikipedia.org/wiki/Human_trafficking and human rights and international criminal investigative groups like Interpolhttp://en.wikipedia.org/wiki/Interpol start investigating this human trafficking issue along with criminal and corruption investigations associated with a 70 year UFO/ET cover-up, the NSA, CIA and the Mossad are sure to fight back even more vigorously than with Space Fleet issue. Things could get very bloody and violent very quickly unless global policy makers take remedial action soon.

If folks think that the above is explosive enough just think about the violent infighting that can erupt over patent and patent infringement among corporations when all these exotic patents are up for question because their histories have been fabricated. In the absence of rule of law, transparency and overt regulation, arbitration and lawsuits, the only recourse for corporations involved in turf battles may be to use private armies against other corporations. Talk about a policy maker’s nightmare. This transition to the rule of law, in a up to now frontier arena, is not going to be easy.

I would like to get back to this issue of atomic reactors in spacecraft for a moment. I have been thinking a lot about this the past few days. The first thing I remembered was the Cash-Landrum Casehttp://www.nicap.org/cashlanrep2.htm that occurred in the early 1980s. Then I got to thinking that I had seen material somewhere the past 40 years about putting atomic reactors into spacecraft to power the powerful magnetic and electrogravitic fieldshttp://www.bibliotecapleyades.net/ciencia/secret_projects/project080.htmneeded to propel the craft.

Then I thought about Bob Lazarhttp://www.thewhyfiles.net/boblazar.htm and his claims that the military was having trouble understanding the power-plants on alien spacecraft, even while they were gaining understanding of the magnetic and electrogravitic propulsion systems. Keep in mind that Bob was a Navy guy and there is considerable evidence that the Navy has been very involved in trying to understand how the exotic power plants on alien craft worked in order to replicate them. It is just not the Air Force involved in all this.

This sent me back through my old standby book of obscure facts on UFO/ET, the book UFO Crash Aztec, and I hit pay-dirt. This also explains why the Navy seems to have dual or operational control over the Secret Space Fleet code named Solar Warden. The Navy has plenty of experience in building, maintaining and operating small compact nuclear reactors for Navy ships and submarines. Keep in mind that this seems to be written in the late 1970’s with the Cash-Landrum case happening soon afterward.

I think folks will find this page 366 on Operation Y in the book very interesting indeed. “Now that the military had recovered some UFO “hardware”, the next step was to attempt to build something like this for themselves, as close as possible to that advanced technology associated with the originals. The philosophy behind the attempted duplication project was, “the first country on Earth to discover the secret behind that advanced technology upon which the principles of the flying saucer is based, would assuredly become untouchable as far as military power is concerned.” ”

“That is why the saucers were classified, “above top secret”, in fact the most highly classified subject matter in the United States Government. This secret is extremely guarded in a very jealous way. In fact the “Committee of 12″ will go to any extremes to keep it tightly under wraps! (See Appendix 3 )”

“The code name for this duplication program was “Project Y “, Phase 1 and Phase 2. Phase number 1 was the initial analysis of the residue in government hands, leading to some kind of an understanding of the recovered saucers mode of operation. Phase number 2 was to eventually be the actual construction of a workable copy based on what was being discovered in Phase 1. Regretfully, we must say, after some 38 odd years of working under stringent security conditions, nothing has been accomplished toward completing Phase 1. The technologies seen still elude us.”

“In desperation, some of the scientists on the project decided to bypass Phase 1 if necessary and proceed into Phase 2. In our relatively primitive state of comparable technology, the scientists could not find out how the saucers operated or were powered, so they did what they considered at the time, the next best thing. The substituted a primitive type nuclear power plant for the original unknown power plant in the same basic design.”

Okay folks there you have it. Lets try to look at the Solar Warden issue in a larger historical context. In the 1920s and 1930s Germany was working on two parallel aerospace programs, a overt conventional one and a covert unconventional one.
http://www.bibliotecapleyades.net/esp_ufoaleman.htm
http://projectcamelot.org/lang/en/joseph_farrell_interview_transcript_en.html
http://greyfalcon.us/restored/1936.htm These two parallel very competitive aeronautics-aerospace effort that began in Germany have continued to this day in the United States and Russia.

In the United States and allied countries, I believe Solar Wardenhttp://exopolitics.blogspot.com/2009/05/solar-warden-articles.html has been the result or end product of the unconventional line of aeronautics-aerospace research. In both parallel efforts Russia seems to have fallen far behind, leaving the U.S. and its allies the undisputed king of the hill. It would seem that the conventional space fleet has become obsolete and is being dismantled remaining as only an expensive public relations exercise to hide the covert unconventional space fleet with bases reported already on the Moon and Mars. (There is lots of disinformation right now being pumped into the UFO community about this Mars base or colony in order to ofuscate the issue just as with SERPO.) This is a really good example how one very serious issue is complexly interwoven into other major UFO/ET related issues that policymakers must try to sort out and understand.

I think there is great hope and promise that humanity will be able to quickly adapt to these extraordinary challenges. We seem to be at our best with our backs to the wall. When our individual and collective survival is at stake, we have shown time and time again the ability to quickly adapt to a crisis once it is obvious and upon us.

Posted in Exopolitics by Ed Komarek and Others | Tagged: , , , , , , , | Leave a Comment »

Unemployment Dilemma Goes Beyond Supply and Demand

Posted by Admin on October 8, 2010

by: Paul Krugman, Krugman & Co. | Op-Ed

 

 

 

 

photo
Ronald D. Choler, 47, gets feedback at a jobs fair near Chicago. The unemployment rate in the United States is above 9 percent. (Photo: Sally Ryan for The New York Times)

The economic slump continues in the United States, as does the debate over where all the jobs have gone, and when — or if — they might return.

Mike Konczal, a fellow at the Roosevelt Institute, recently posted an excellent piece on his blog in which he examined why unemployment remains so high. He points out: “There are two theories at work. The first is a story of aggregate demand. The second theory is one of a mismatch in skills.”

What he doesn’t say explicitly — although it’s clearly implied — is that these two theories have very different policy implications. If the issue is aggregate demand (which is the total amount of goods and services that will be purchased in a given time frame) we should be doing everything we can to raise demand, including embarking on fiscal expansion and unconventional monetary policy. If it’s a mismatch in skills in the labor market, we should do nothing, because any effort to create jobs leaves part of the work of depressions undone. In this case, an economic slump actually serves a useful purpose, by ushering in economic change — which would mean that stimulating the economy, even through monetary policy, would be a mistake. So how do we decide which theory applies?

The answer is to look at the evidence — specifically, to ask whether what we see bears the signature of one story or the other. The aggregate demand story suggests that we should see depressed employment in all industries as workers of every skill type face a poor job market. The mismatch story says that we should see surpluses of labor in some places and shortages in others.

And Mr. Konczal shows that the data overwhelmingly fits the demand story, not the mismatch story. Every major industry in the United States has seen a rise in involuntary part-time work; so has every key occupation. There is no hint that labor in any sector is in short supply.

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Let’s look at another piece of evidence — something I have touched on in recent columns. A September survey from the National Federation of Independent Business shows that smaller companies are much more concerned about weak sales than taxes or regulation, and concerns about the quality of available labor have plunged.

This strongly suggests that the labor market is weak in all sectors, and businesses are having no trouble finding the workers they need. But once they find those workers, given weak demand, the businesses just don’t know what to do with them.

——————————

Backstory: The Roots of Joblessness

The National Bureau of Economic Research issued a welcome report on Sept. 20: the recession that began in December 2007 in the United States ended in June 2009.

This does not mean that economic indicators have quickly bounced back to pre-2007 levels. While the United States’s gross domestic product has grown since June 2009, the unemployment rate has remained high, and it now stands at about 9.6 percent. Economists are attempting to determine whether or not the underlying cause of the unemployment is structural in nature — affecting some parts of the economy but not others — or if it is cyclical.

The question is not merely academic, since a structural shift in the economy would mean that some jobs will never return. In this case, the composition of the entire workforce would have to change in order for the United States to remain economically vibrant and competitive.

While some economists have warned that the United States is undergoing a structural shift, skeptics point out that job losses have been spread across all sectors and regions, with all types of workers facing layoffs, no matter their age, occupation or level of education. Jobs have not returned due to the recovery’s feebleness, they say, rather than to any permanent change in the job market.

Still, there are no simple solutions. The economy would need to grow at an annual rate of 2.5 percent just to keep unemployment at its current high level, according to economists. Unfortunately, in the second quarter of this year, the annualized rate of growth was only 1.6 percent, with a similar rate projected for the third.

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Paul Krugman joined The New York Times in 1999 as a columnist on the Op-Ed page and continues as a professor of economics and international affairs at Princeton University. He was awarded the Nobel in economic science in 2008.

Mr Krugman is the author or editor of 20 books and more than 200 papers in professional journals and edited volumes, including “The Return of Depression Economics” (2008) and “The Conscience of a Liberal” (2007).

Copyright 2010 The New York Times Company.

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The Road to World War III – The Global Banking Cartel Has One Card Left to Play

Posted by Admin on October 4, 2010

Posted in Economic Upheavals, Geo-Politics | Tagged: , , , , , , , , , , , | Leave a Comment »

 
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